Streetbeat News

Earnings

COO

Mizuho analyst Anthony Petrone reiterated a Buy rating on The Cooper Companies, Inc. (NYSE:COO) with a price target of $440. The company is set to report quarterly results on August 30. Petrone sees current levels as an attractive entry point due to the company's potential to benefit from resurgent optometry and women's health volumes. The analyst's estimates for the quarter's revenue/EPS are $896.1 million/$3.34. COO's CooperSurgical (CSI) business represents ~one-third of overall COO revenue, and with the majority of CSI exposed to obstetrics, the analyst forecasts segment growth.

Portfolio Pulse from Nabaparna Bhattacharya

August 28, 2023 | 6:49 pm

PTON

Peloton Interactive Inc's shares have fallen by 19% over the past five sessions due to mixed Q4 results and a decline in Connected Fitness subscribers. The company also issued a soft Q1 revenue guidance. Peloton reported a 5% YoY sales decline in Q4 FY23 to $642.1 million, beating the consensus of $639.9 million. However, EPS loss was $(0.68), missing the consensus loss of $(0.38). The total number of members fell 5% YoY to 6.5 million.

Portfolio Pulse from Henry Khederian

August 28, 2023 | 6:25 pm

DKS

Dick's Sporting Goods Inc (DKS) shares are trading higher by 2.84% to $114.80 during Monday's session, rebounding after a fall last week due to downbeat guidance following Q2 results. Q2 sales grew 3.6% Y/Y to $3.22 billion, missing the analyst consensus of $3.23 billion. Comparable store sales increased 1.8% versus a 5.1% decline a year ago. Gross profit margin contracted 160 basis points Y/Y to 34.4% and operating income for the quarter fell 32.3% Y/Y to $311.8 million.

Portfolio Pulse from Henry Khederian

August 28, 2023 | 6:02 pm

AFRM

Affirm Holdings Inc's shares are trading lower by 2.2% to $17.40. This follows last week's strength after the company reported better-than-expected Q4 financial results and issued guidance. The company's Q4 revenue increased 22% YoY to $445.82 million, beating the consensus estimate of $406.26 million. Affirm also reported a quarterly adjusted loss of 69 cents per share, which beat analyst estimates for a loss of 85 cents per share.

Portfolio Pulse from Henry Khederian

August 28, 2023 | 5:55 pm

AFYA

BZUN

FINV

HEI

JOAN

LFVN

NAT

NOAH

TEDU

XYF

Several companies are scheduled to report their earnings on August 28, 2023. These include Baozun, Nordic American Tankers, Global Blue Gr Holding, Noah Holdings, JOANN, Afya, X Financial, Heico, 17 Education & Technology, Tarena International, Lifevantage, and FinVolution Gr.

Portfolio Pulse from Benzinga Insights

August 28, 2023 | 5:53 pm

BABA

Alibaba (BABA) shows a reversal pattern on its weekly chart and improving fundamentals, indicating a potential shift in direction. The company reported double-digit top-line growth for the first time since Q2 2021, with revenue climbing 13.9% year-on-year to RMB 234.16 billion. Despite regulatory challenges, strategic assets like international retail, Cainiao, and local services have re-entered a path of robust growth.

Portfolio Pulse from Ripster

August 28, 2023 | 5:37 pm

DKS

HIBB

Hibbett Inc's shares rose after the company reported an earnings beat for Q2. Analysts from B. Riley Securities and Baird Equity maintained a Neutral and Outperform rating respectively, while raising the price targets. The earnings beat and reiteration of full-year guidance were impressive despite a challenging operating environment and guidance reductions by peers Foot Locker Inc and Dick's Sporting Goods Inc.

Portfolio Pulse from Priya Nigam

August 28, 2023 | 4:20 pm

NAT

Nordic American Tankers Ltd (NYSE:NAT) reported Q2 FY23 revenue of $67.80 million, missing the consensus of $68.32 million. EPS improved to $0.13, missing the consensus of $0.14. The company declared a dividend per share of $0.13. NAT shares are trading lower by 0.37% at $4.08.

Portfolio Pulse from Lekha Gupta

August 28, 2023 | 4:16 pm

SWK

TKR

Timken (NYSE:TKR) will issue a dividend payout of $0.33 per share, resulting in an annualized dividend yield of 1.41%. The company has shown a positive dividend growth pattern from 2019 to 2022, with the dividend per share rising from $1.12 to $1.23. Timken's earnings per share also increased from $4.76 to $5.58 during the same period. Stanley Black & Decker (NYSE:SWK) has the highest annualized dividend yield at 3.63% among Timken's industry peers.

Portfolio Pulse from Benzinga Insights

August 28, 2023 | 3:05 pm

FNF

KMPR

Kemper (NYSE:KMPR) is set to pay a dividend of $0.31 per share on August 28, 2023, with an annualized dividend yield of 2.45%. The company has seen a growth in its dividend per share from $1.03 to $1.24 from 2019 to 2022. However, Kemper's earnings per share have declined from $5.80 in 2019 to $-4.09 in 2022, raising concerns for income-seeking investors.

Portfolio Pulse from Benzinga Insights

August 28, 2023 | 3:05 pm