Streetbeat News

Earnings

LOVE

The Lovesac Co reported preliminary Q2 net sales results that exceeded estimates, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 3:46 pm

AMRK

A-Mark Precious Metals reported better-than-expected Q4 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 3:45 pm

BEKE

KE Holdings Inc (BEKE) shares are trading higher by 7.1% after China cut the minimum down payment on mortgages as part of stimulus measures. The company reported Q2 adjusted earnings of 27 cents per share, beating the analyst consensus estimate of 19 cents. However, quarterly sales of $2.69 billion missed the analyst consensus estimate of $2.73 billion by 1.6%. The company's board extended the share repurchase program from $1 billion to $2 billion and approved a special cash dividend of $0.057 per ordinary share and $0.171 per ADS.

Portfolio Pulse from Henry Khederian

September 01, 2023 | 3:36 pm

MDB

MongoDB, Inc. (NASDAQ:MDB) reported better-than-expected Q2 results and issued FY24 guidance above estimates. The company's shares rose 6.9% following the announcement. Several analysts, including those from Piper Sandler, Needham, JMP Securities, Oppenheimer, Stifel, Guggenheim, Barclays, and Morgan Stanley, increased their price targets on MongoDB.

Portfolio Pulse from Lisa Levin

September 01, 2023 | 3:31 pm

IOT

Samsara Inc reported better-than-expected Q2 results with a 43% Y/Y revenue growth to $219.3 million, beating the consensus of $207.49 million. The company also raised its FY24 revenue outlook. Following the announcement, Samsara's shares rose 12.9% and several analysts increased their price targets on the company's stock.

Portfolio Pulse from Lisa Levin

September 01, 2023 | 3:22 pm

LULU

Lululemon Athletica Inc's Q2 results have been praised by analysts, leading to a spike in its shares. The company beat earnings expectations, with strong sales, gross margin, and SG&A. Analysts from Telsey Advisory Group, BMO Capital Markets, KeyBanc Capital Markets, Raymond James, and Guggenheim Securities have all maintained or raised their ratings and price targets for Lululemon. The company's management also raised their full-year sales projections.

Portfolio Pulse from Priya Nigam

September 01, 2023 | 3:15 pm

AWR

WTRG

American States Water (NYSE:AWR) will distribute a dividend payout of $0.43 per share on September 01, 2023, equating to an annualized dividend yield of 1.95%. The company's dividend per share has shown a positive trend from 2019 to 2022, increasing from $1.16 to $1.53. The company's earnings per share also increased from $2.05 in 2019 to $2.16 in 2022. Essential Utilities (NYSE:WTRG) has the highest annualized dividend yield at 3.33% among its industry peers.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 3:05 pm

CALM

SJM

JM Smucker (NYSE:SJM) is distributing a dividend payout of $1.06 per share, demonstrating an annualized dividend yield of 2.87%. The company's dividend per share has shown a positive trend from 2019 to 2022, increasing from $3.46 to $4.02. Earnings per share also increased from $8.18 to $8.63 over the same period. Compared to its industry peers, JM Smucker's dividend yield falls in the middle range, with Cal-Maine Foods (NASDAQ:CALM) having the highest annualized dividend yield at 10.80%.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 3:05 pm

AVGO

NVDA

VMW

Broadcom Inc's (NASDAQ:AVGO) shares fell after the company reported its fiscal third-quarter earnings. Analysts from BMO Capital Markets, Rosenblatt Securities, KeyBanc Capital Markets, Benchmark, Evercore, and Raymond James provided their insights on the earnings release. While the company's AI business is growing, it is experiencing moderation in enterprise and telco spending. The company's quarterly results were slightly disappointing due to enterprise/teleco weakness. However, the company's year-on-year growth in the quarter was driven mainly by AI revenues, which contributed more than $1 billion.

Portfolio Pulse from Priya Nigam

September 01, 2023 | 2:54 pm

DG

Dollar General's stock is trading lower following Q2 financial results, leading to multiple analysts downgrading the stock and lowering their price targets.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 2:50 pm