Streetbeat News

Earnings

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

DOMO

Domo (NASDAQ:DOMO) is set to release its latest quarterly earnings report on August 24, 2023. Analysts estimate an earnings per share (EPS) of $-0.09. The company's past performance shows a pattern of share price drops following earnings reports. Domo's shares were trading at $16.79 as of August 22, with a 52-week decrease of 41.82%.

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 4:00 pm

NVDA

SMCI

CNBC Pro reports that a strong earnings report from Nvidia could potentially benefit another stock, SMCI. The article suggests that SMCI may capitalize on Nvidia's positive financial performance.

Portfolio Pulse from Happy Mohamed

August 23, 2023 | 3:57 pm

URBN

Urban Outfitters, Inc. (NASDAQ:URBN) reported record second-quarter sales, leading to a rise in its shares. Analysts from BMO Capital Markets, Telsey Advisory Group, and Morgan Stanley have raised their price targets for the company, despite the underperformance of the UO banner. The company's total sales for the second quarter reached a record $1.272 billion, beating the consensus estimate of $1.249 billion.

Portfolio Pulse from Priya Nigam

August 23, 2023 | 3:47 pm

AMD

ANF

DKS

FL

MSFT

NVDA

PTON

SMH

Nvidia's earnings are expected to have a significant impact on the stock market, with the company being referred to as the 'king of AI' and the 'king of the stock market'. The technical setup for the stock market is positive going into Nvidia's earnings. Other stocks expected to be impacted include Advanced Micro Devices, Microsoft, and VanEck Semiconductor ETF. The article also mentions significant drops in the stocks of DICK'S Sporting Goods and Foot Locker, and a rise in Abercrombie & Fitch's stock following positive earnings. Peloton's stock is falling due to poor earnings and loss of subscribers.

Portfolio Pulse from The Arora Report

August 23, 2023 | 3:46 pm

ZM

Zoom's shares are trading higher following the company's strong earnings report and guidance above estimates. This is also supported by the overall strength in the broader tech sector.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 3:38 pm

DKS

Shares of Dick's Sporting Goods Inc (NYSE:DKS) fell after the company cut its guidance. Analysts from Stifel, Telsey Advisory Group, Morgan Stanley, and Oppenheimer have reduced their price targets for DKS. The earnings miss in Q2 and FY23 guidance reduction are due to inventory shrink and actions to align outdoor apparel. The company's EBIT margins are expected to normalize at a higher level post-COVID, at 10.8% in '25e.

Portfolio Pulse from Priya Nigam

August 23, 2023 | 3:38 pm

BBWI

Bath & Body Works Inc (NYSE:BBWI) reported a Q2 FY23 sales decline of 3.6% YoY to $1.56 billion, missing the analyst consensus of $1.57 billion. Revenue from the U.S. and Canada stores decreased 1% YoY, International stores fell 4%, and Direct sales declined 10%. However, the company's adjusted EPS of $0.40 beat the analyst consensus of $0.33. The company sees Q3 FY23 EPS of $0.30-$0.40 and expects Q3 sales to decline 2.5% - 4%. It raised FY23 adjusted EPS guidance from $2.68 - $3.08 to $2.80 - $3.10.

Portfolio Pulse from Shivani Kumaresan

August 23, 2023 | 3:37 pm

PINC

Premier Inc (NASDAQ:PINC) reported better-than-expected Q4 earnings but missed sales expectations. The company will not provide 2024 guidance due to its ongoing strategic review. Premier shares fell 8.6% to trade at $21.99 on Wednesday. Several analysts, including Piper Sandler, Canaccord Genuity, B of A Securities, UBS, and Benchmark, lowered their price targets on Premier following the earnings announcement.

Portfolio Pulse from Lisa Levin

August 23, 2023 | 3:35 pm