Streetbeat News

Earnings

WDAY

Workday, Inc (NASDAQ:WDAY) is set to report its fiscal 2024 Q2 results on Aug. 24, 2023. Analysts predict a quarterly earnings of $1.26 per share, up from 83 cents per share a year ago, and revenue of $1.77 billion, up from $1.54 billion. Several analysts have maintained their ratings and raised their price targets for the company.

Portfolio Pulse from Lisa Levin

August 24, 2023 | 1:22 pm

BBW

Build-A-Bear Workshop Inc (NYSE:BBW) reported Q2 FY23 sales growth of 8.5% YoY to $109.22 million, beating the analyst consensus. Net retail sales rose 7.9% YoY, and e-commerce demand increased 14.1%. Gross profit increased 17.5% YoY to $58.6 million. The company held $32.6 million in cash and equivalents as of July 29, 2023. EPS of $0.57 beat the Street view of $0.41. The company expects FY23 revenues to increase 5% - 7%. BBW shares traded higher by 16.81% at $28.49 in premarket on the last check Thursday.

Portfolio Pulse from Shivani Kumaresan

August 24, 2023 | 1:16 pm

SharkNinja reported a year-over-year increase in Q2 financial results and issued guidance, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 1:13 pm

DLTR

Dollar Tree reported its Q2 financial results and issued Q3 EPS guidance below estimates, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 1:11 pm

ADSK

Autodesk reported better-than-expected Q2 financial results and issued Q3 and FY24 EPS guidance above estimates, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 1:10 pm

SPLK

Splunk reported better-than-expected Q2 financial results and issued Q3 and FY24 revenue guidance above estimates, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 1:09 pm

FCX

FLT

GLD

Stephen Weiss of Short Hills Capital Partners recommended Freeport-McMoRan Inc. (FCX) which reported better than expected Q2 revenue for 2023. Joseph Terranova of Virtus Investment Partners recommended FLEETCOR Technologies, Inc. (FLT) which also reported better-than-expected Q2 results and issued FY23 revenue guidance above estimates. Liz Young of BNY Mellon Investment Management picked SPDR Gold Shares (GLD).

Portfolio Pulse from Lisa Levin

August 24, 2023 | 1:06 pm

AMBO

BBW

CNXA

DXLG

GES

GMBL

JZXN

MOV

VZIO

WOOF

ZAPP

In Thursday's pre-market session, several consumer discretionary stocks showed significant movement. Esports Entertainment, Build-A-Bear Workshop, Guess, Zapp Electric Vehicles, Connexa Sports Techs, and SharkNinja saw gains, while Petco Health and Wellness, Movado Group, VIZIO Holding, Ambow Education Holding, Destination XL Group, and Jiuzi Hldgs experienced losses. Q2 earnings reports were released for several of these companies.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 1:06 pm

VIVK

Vivakor (NASDAQ:VIVK) reported Q2 losses of $(0.10) per share, a 69.7% increase over losses of $(0.33) per share from the same period last year. The company reported $13.60 million in sales this quarter.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 1:04 pm

HAIN

Hain Celestial Group Inc reported a 2% YoY decline in Q4 FY23 sales to $447.84 million, beating the analyst consensus. Net sales from North America decreased 5.1% YoY. Adjusted gross margin expanded 325 basis points YoY to 22.7%. The company appointed Lee Boyce as the new CFO, effective September 5, 2023. For FY24, the company expects adjusted net sales growth of 2% to 4% and adjusted EBITDA of $155 million - $165 million.

Portfolio Pulse from Shivani Kumaresan

August 24, 2023 | 1:02 pm