Streetbeat News

Earnings

HPQ

HP has released its Q4 and FY23 adjusted EPS forecasts. The company expects Q4 adjusted EPS to be between $0.85 and $0.97, compared to the estimated $0.95. For FY23, the adjusted EPS is projected to be between $3.23 and $3.35, lower than the estimated $3.37.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 8:18 pm

CLOV

Clover Health Investments Corp. (NASDAQ:CLOV) shares are trading higher due to a recent analyst price target change and a positive quarterly report. The company reported Q2 sales of $513.63 million, beating the analyst consensus estimate of $490.82 million. Clover also issued full-year 2023 EBITDA guidance with losses between $70 million and $120 million, an improvement from the previous estimate. Citigroup analyst Jason Cassorla maintained a Neutral rating for the company and raised the price target from $1 to $1.5.

Portfolio Pulse from Ryan Gustafson

August 29, 2023 | 8:17 pm

HPQ

HP (NYSE:HPQ) reported Q3 earnings of $0.86 per share, beating the analyst consensus estimate of $0.80 by 7.5%. The company also reported quarterly sales of $13.20 billion, surpassing the analyst consensus estimate of $12.39 billion by 6.54%. However, both earnings and sales figures represent a decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 8:16 pm

BX

A significant investor has taken a bearish stance on Blackstone (NYSE:BX), with 57% of the investors opening trades with bearish expectations. The whales have been targeting a price range from $80.0 to $105.0 for Blackstone over the last 3 months. The price of BX is up 3.39% at $104.3, with RSI indicators suggesting the stock may be approaching overbought. Next earnings are expected in 51 days.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 8:16 pm

AMBA

Ambarella, Inc. has provided its Q3 2024 guidance, expecting revenues of around $50 million, which is lower than the estimated $67.6 million. The company's gross margin on a non-GAAP basis is expected to be between 62.0% and 64.0%, with operating expenses between $46.0 million and $49.0 million. The company's cash, cash equivalents, and marketable debt securities at the end of Q2 2024 were $216.5 million. The company's CEO, Fermi Wang, stated that the near-term environment is challenging due to customers reducing their inventory and weak end-market demand.

Portfolio Pulse from Happy Mohamed

August 29, 2023 | 8:16 pm

PVH

PVH Corp. reported Q2 earnings of $1.98 per share, beating the analyst consensus estimate of $1.75 by 13.14%. However, this is a 4.81% decrease from the same period last year. The company also reported quarterly sales of $2.21 billion, beating the estimate of $2.19 billion by 0.78%, and marking a 3.52% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 8:16 pm

NCNO

NCino has projected its FY24 EPS to be between $0.38 and $0.41, which is in line with the estimated $0.38. The company also expects its revenue to be between $475M and $478.5M, slightly above the estimated $476.79M.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 8:13 pm

AMWD

American Woodmark has increased its FY24 Adjusted EBITDA outlook from $205M-$225M to $225M-$245M.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 8:12 pm

AMBA

Ambarella reported Q2 earnings per share of $(0.15), beating the analyst consensus estimate of $(0.21) by 28.57%. However, this is a 175% decrease from the same period last year. The company's quarterly sales of $62.12M also beat the estimate of $62.05M by 0.11%, but this is a 23.20% decrease from last year.

Portfolio Pulse from Happy Mohamed

August 29, 2023 | 8:10 pm

NCNO

NCino has projected its Q3 earnings per share (EPS) to be between $0.10 and $0.12, compared to the estimated $0.11. The company also expects its revenue to be between $120M and $121M, slightly lower than the estimated $121.44M.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 8:10 pm