Streetbeat News

Earnings

NVDA

NVIDIA shares are trading lower after a recent surge due to a strong earnings report and positive guidance.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 6:08 pm

WDAY

Workday Inc (NASDAQ:WDAY) shares rose after the company reported strong fiscal second-quarter results. Analysts from Needham, Morgan Stanley, Piper Sandler, KeyBanc Capital Markets, Goldman Sachs, and William Blair all maintained positive ratings on the stock, with several raising their price targets. The analysts highlighted Workday's consistent subscription revenue beat, GAAP profitability, ability to expand AI monetization, improving sales execution, and resilience amid macro headwinds.

Portfolio Pulse from Priya Nigam

August 25, 2023 | 6:03 pm

SIG

Telsey Advisory Group analyst Dana Telsey has reiterated a Market Perform rating on Signet Jewelers Ltd (SIG) with a price target of $71. The analyst expects SIG's Q2 results to show an EPS of $1.37 and total sales to decrease by 11.1% Y/Y to $1.56 billion. The company's operating expense and capital expenditures are expected to weigh on operating margin, resulting in a range of 8.9% - 9.2%. The analyst also noted that SIG's significant exposure to the bridal segment is not expected to recover until late 2024.

Portfolio Pulse from Shivani Kumaresan

August 25, 2023 | 5:59 pm

JWN

Nordstrom Inc (NYSE:JWN) beat Q2 earnings estimates but Telsey Advisory Group analyst Dana Telsey lowered the price target to $19 from $21 due to decelerating trends in Q3. Despite the Q2 beat, JWN reiterated its FY23 outlook of revenue decline of 4%-6% Y/Y. Telsey sees sales trends decelerating at the beginning of August across JWN's two banners. Citigroup and UBS also reduced their price targets for JWN.

Portfolio Pulse from Lekha Gupta

August 25, 2023 | 5:37 pm

OXM

Telsey Advisory Group analyst Dana Telsey has reiterated a Market Perform rating on Oxford Industries, Inc. (NYSE:OXM) with a price target of $115. Oxford Industries is expected to report 2Q23 results on August 31. The company has emerged from the pandemic leaner and has consistently beaten expectations. Telsey expects a 2Q EPS of $3.42, slightly above the consensus estimate of $3.40. The company's e-commerce business is expected to continue expanding, and its flat wholesale outlook for FY23 is better than many peers. Telsey forecasts total sales growth of 17.2% Y/Y to $426 million.

Portfolio Pulse from Nabaparna Bhattacharya

August 25, 2023 | 5:35 pm

ACAX

JWN

YS

The article lists the stocks that gained and lost the most in Friday's mid-day session. Notable gainers include Alset Capital Acquisition Corp., YS Biopharma Co., Ltd., and Crown ElectroKinetics Corp. On the other hand, Domo, Inc., Prime Number Acquisition I Corp., and Allego N.V. were among the biggest losers. Nordstrom, Inc. also fell by 9.5% following its Q2 results where total company net sales declined 8.3% YoY.

Portfolio Pulse from Lisa Levin

August 25, 2023 | 5:33 pm

AEHL

Antelope Enterprise Holdings Limited pre-announced its H1 2023 revenue results, leading to a decrease in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 5:03 pm

PTON

Peloton's shares are trading higher, rebounding after a drop earlier in the week due to mixed Q4 results.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 5:01 pm

KSS

Kohl's shares are experiencing a downturn due to ongoing volatility in the retail sector, following the company's Q2 earnings report.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 4:56 pm

NVDA

SNOW

Snowflake Inc (NYSE:SNOW) exceeded analysts' expectations with its latest quarterly revenue and earnings, with shares rising 3% following the report. The company's results were boosted by increasing data management and storage needs amid the AI hype. Snowflake also announced a partnership with Nvidia (NASDAQ:NVDA) to help enterprises build custom large language AI models. For the quarter ending July 31st, revenue rose about 36% to $674 million, topping Refinitiv’s consensus estimate of $662.2 million. The company expects product revenue for the third quarter to be between $670 million and $675 million.

Portfolio Pulse from Upwallstreet

August 25, 2023 | 4:50 pm