Streetbeat News

Earnings

PKANF

Simply Better Brands Corp. reported Q2 2023 financial results, with a revenue of $23.6 million, a 40% increase compared to Q2 2022. However, the company reported an adjusted EBITDA loss of $2.4 million, compared to a positive adjusted EBITDA of $900,000 in the same quarter of the previous year. Despite this, the CEO remains confident in the company's revenue growth and profit improvement for 2023, with an expected consolidated net sales exceeding $80 million and a positive adjusted EBITDA in the range of $3-4 million.

Portfolio Pulse from Jelena Martinovic

August 30, 2023 | 3:00 pm

PDCO

Patterson Companies Inc (PDCO) reported Q1 FY24 net sales of $1.58 billion, up 3.5% Y/Y, in line with consensus. The company reiterated its FY24 adjusted EPS forecast of $2.45-$2.55. Despite the positive report, PDCO shares are trading 6.5% lower.

Portfolio Pulse from Vandana Singh

August 30, 2023 | 2:52 pm

BF-A

BF-B

Brown-Forman Corp reported Q1 FY24 sales growth of 3% to $1.04 billion, missing the analyst consensus of $1.05 billion. EPS of $0.48 also missed the analyst consensus of $0.53. The company reaffirmed its full-year fiscal 2024 guidance of 5-7% organic net sales growth and 6-8% organic operating income growth. BF-B shares are trading lower by 5.26% at $65.40.

Portfolio Pulse from Shivani Kumaresan

August 30, 2023 | 2:43 pm

BAER

GTEC

LUNR

MATX

NAT

The article discusses the concept of value stocks, particularly in the industrials sector. It identifies Nordic American Tankers (NYSE:NAT), Intuitive Machines (NASDAQ:LUNR), Matson (NYSE:MATX), Bridger Aerospace Gr (NASDAQ:BAER), and Greenland Technologies (NASDAQ:GTEC) as notable value stocks based on their low P/E multiples. The article also provides recent earnings per share and dividend yield data for these companies.

Portfolio Pulse from Benzinga Insights

August 30, 2023 | 2:41 pm

BEPC

GNE

PAM

VST

The article identifies five value stocks in the utilities sector, namely Hawaiian Electric Indus (HE), Genie Energy (GNE), Vistra (VST), Brookfield Renewable (BEPC), and Pampa Energia (PAM). These stocks are considered undervalued based on their low price-to-earnings (P/E) multiples. The article also provides recent earnings per share and dividend yield data for each company.

Portfolio Pulse from Benzinga Insights

August 30, 2023 | 2:38 pm

AEON

ALKS

BETR

CONN

FANH

HOV

LYFT

NCNO

PODD

VFS

WALD

Several US stocks recorded gains in Wednesday's trading session. AEON Biopharma, Conn's, LexinFintech Holdings, VinFast Auto, Hovnanian Enterprises, Alkermes, nCino, Insulet Corporation, Waldencast, Better Home & Finance Holding Company, Fanhua, and Lyft all saw their stock prices rise. The increases were due to various reasons including positive quarterly results, insider buying, and successful clinical trials.

Portfolio Pulse from Lisa Levin

August 30, 2023 | 2:37 pm

DELL

HPQ

NVDA

HP Inc's Q3 report showed a drop in total revenue by 9.9% YoY to $13.20 billion, falling short of Refinitiv’s consensus estimate of $13.37 billion. The company's shares fell 5.6% in after-market trading. HP's PC rival, Dell Technologies, is set to report its Q2 results on August 31st. HP's CEO, Enrique Lores, expects sequential growth in Q4 but has lowered the company's outlook due to slower than expected external conditions. HP is turning to AI for growth opportunities as its legacy businesses fade.

Portfolio Pulse from Upwallstreet

August 30, 2023 | 2:30 pm

LIZI

LIZHI Inc. reported a year-over-year decrease in Q2 earnings per share (EPS), leading to a drop in its stock price.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 2:10 pm

PDD

PDD Holdings Inc. (NASDAQ:PDD) shares rose sharply following the release of its Q2 results, with revenue growth of 66% YoY to $7.21 billion, beating the consensus of $6.07 billion. Options traders are betting on a further surge in PDD's stock, with a buyer of 2,600 of the March 105-calls at an average price of $10.39 per contract, indicating a predicted gain of at least 20% by March.

Portfolio Pulse from Priya Nigam

August 30, 2023 | 2:10 pm

CRM

Salesforce, Inc. (NYSE:CRM) is expected to report Q2 FY2024 earnings after the closing bell on Aug. 30, 2023. Analysts predict earnings of $1.90 per share, up from $1.19 per share a year ago, and revenue of $8.52 billion, up from $7.72 billion. Several analysts have recently revised their ratings and price targets for the company.

Portfolio Pulse from Lisa Levin

August 30, 2023 | 2:06 pm