Streetbeat News

Earnings

DKS

KSS

M

Recent earnings reports from Kohl's Corp (KSS), Dick's Sporting Goods Inc (DKS), and Macy's Inc (M) reveal a complex picture of the U.S. consumer landscape. Kohl's beat expectations with earnings of 52 cents per share and revenues of $3.89 billion, attributed to reduced inventories and cost-cutting measures. Dick's missed estimates with earnings of $2.82 per share and revenues of $3.224 billion, due to slowed sales and excess inventory. Macy's beat estimates with earnings of 26 cents per share and revenues of $5.13 billion, but faces challenges with declining sales and increased credit card payment delinquencies.

Portfolio Pulse from AJ Fabino

August 23, 2023 | 4:16 pm

NMM

Navios Maritime Partners L.P. (NYSE:NMM) reported Q2 FY23 revenue growth of 23.6% Y/Y to $346.94 million, beating the consensus of $318 million. The company attributed the rise in revenue to the fleet size increase and a slight increase in the Time Charter Equivalent rate. Adjusted EPS was $3.32, beating the consensus of $2.88. The company held $270.05 million in cash and equivalents as of June 30, 2023. NMM shares are trading higher by 2.95% at $23.36.

Portfolio Pulse from Akanksha Bakshi

August 23, 2023 | 4:16 pm

NVDA

PLTR

Shares of Palantir Technologies Inc. (NYSE:PLTR) are trading higher, up over 3% on the day and nearly 30% over the last three months. This comes despite the company's shares trending downward since the release of its Q2 financial report earlier this month, which met analysts' expectations and announced a $1 billion share buyback program. Meanwhile, Nvidia Corporation (NASDAQ:NVDA) is set to release its Q2 financial reports today, with anticipation of a strong report that could move the entire tech sector higher.

Portfolio Pulse from Erica Kollmann

August 23, 2023 | 4:09 pm

APLS

FL

IDEX

ITOS

PTON

VCIG

U.S. stocks traded higher with the Dow Jones gaining more than 100 points. U.S. crude oil inventories declined by 6.135 million barrels. VCI Global Limited shares shot up 83% after announcing a collaboration with Microsoft Azure OpenAI. Apellis Pharmaceuticals, iTeos Therapeutics, and Ideanomics also saw significant changes in their stock prices. Foot Locker reported a second-quarter revenue miss and lowered its gross margin guidance, causing its shares to drop 34%. Peloton Interactive reported mixed fourth-quarter results and a quarterly decline in Connected Fitness subscribers, leading to a 23% fall in its shares.

Portfolio Pulse from Lisa Levin

August 23, 2023 | 4:08 pm

HTHT

H World Group (NASDAQ:HTHT) is set to release its latest quarterly earnings report on August 24, 2023. Analysts estimate an earnings per share (EPS) of $0.34. The company's past performance shows a mixed impact on the share price post-earnings release. The stock is currently trading at $43.28 and has seen an 11.09% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 4:01 pm

LMDX

LumiraDx (NASDAQ:LMDX) is set to release its latest quarterly earnings report on August 24, 2023. Analysts estimate an earnings per share (EPS) of $-0.14. The company's past performance shows a mixed trend of beating and missing EPS estimates, with corresponding changes in share price. The stock is currently trading at $0.4167, down 70.06% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 4:01 pm

CLGN

CollPlant Biotechnologies (NASDAQ:CLGN) is set to release its latest quarterly earnings report on August 24, 2023. Analysts estimate an EPS of $0.01. The company's past performance shows a pattern of share price changes following earnings reports. The stock is currently trading at $6.5, down 21.3% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 4:01 pm

DXLG

Destination XL Group (NASDAQ:DXLG) is set to release its latest quarterly earnings report on August 24, 2023. Analysts estimate an earnings per share (EPS) of $0.18. The company's past performance shows a mixed trend of beating and missing EPS estimates, which has led to varying stock price changes. The company's shares were trading at $4.22 as of August 22, with a 52-week decrease of 17.59%.

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 4:01 pm

FRO

Frontline (NYSE:FRO) is set to release its latest quarterly earnings report on August 24, 2023. Analysts estimate an earnings per share (EPS) of $0.83. The company's past performance shows a mixed trend of beating and missing EPS estimates, with corresponding changes in share price. Frontline's shares were trading at $17.92 as of August 22, with a 50% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 4:00 pm

EDAP

Edap TMS (NASDAQ:EDAP) is set to release its latest quarterly earnings report on August 24, 2023. Analysts estimate an earnings per share (EPS) of $-0.05. The company's past performance shows a trend of missing EPS estimates, which has led to share price drops. The stock is currently trading at $8.2, with a 52-week return of -4.16%.

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 4:00 pm