Streetbeat News

Earnings

LOW

Lowe's Cos executive has expressed modest concerns about H2 due to a pullback on big-ticket DIY items. However, they believe they can outperform the market by 100-200 basis points and that home improvement will be down mid-single digits.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 2:10 pm

BHP

BHP Group Ltd reported a 17% YoY decline in FY23 revenue to $53.8 billion due to lower iron ore, metallurgical coal, and copper prices. Copper production rose 9% YoY, but the average realized price was down 12%. Iron ore production was up 1% YoY, but the average realized price fell 18%. Underlying EBITDA fell 31% YoY to $28.0 billion, and underlying profit declined 37% YoY to $13.4 billion. The company declared a final dividend per share of $0.80, to be paid on September 28, 2023.

Portfolio Pulse from Lekha Gupta

August 22, 2023 | 2:08 pm

JWN

Nordstrom Inc's shares fell by 7.55% after Macy's reported disappointing Q2 results. Macy's brick-and-mortar sales decreased by 8%, and digital sales dropped by 10% year over year. The poor performance of Macy's, a company in the same retail sector as Nordstrom, has led to concerns about the overall health of the retail industry.

Portfolio Pulse from Henry Khederian

August 22, 2023 | 2:04 pm

NTAP

NetApp (NASDAQ:NTAP) is set to release its latest quarterly earnings report on Wednesday, 2023-08-23. Analysts estimate an earnings per share (EPS) of $1.07. The company's past performance shows it beat EPS estimates last quarter, which led to an 8.46% increase in share price the next day. NetApp's shares were trading at $76.46 as of August 21, with a 52-week increase of 5.41%.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 2:01 pm

WSM

Williams-Sonoma (NYSE:WSM) is set to release its quarterly earnings report on Wednesday, 2023-08-23. Analysts estimate an earnings per share (EPS) of $2.70. The company's past performance shows a pattern of beating EPS estimates, which often leads to a share price increase. However, the stock has been down 21.33% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 2:01 pm

LANC

Lancaster Colony (NASDAQ:LANC) is set to release its latest quarterly earnings report on Wednesday, 2023-08-23. Analysts estimate an earnings per share (EPS) of $1.29. The company's stock price increased by 1.67% the day after it missed EPS by $0.04 last quarter. Over the last 52-week period, shares are up 25.53%.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 2:01 pm

PTON

Peloton Interactive (NASDAQ:PTON) is set to release its latest quarterly earnings report on Wednesday, 2023-08-23. Analysts estimate an earnings per share (EPS) of $-0.38. The company's past performance shows a pattern of missing EPS estimates but experiencing a subsequent increase in share price. Currently, shares are trading at $7.02, down 46.89% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 2:01 pm

ANF

Abercrombie & Fitch (NYSE:ANF) is set to release its latest quarterly earnings report on August 23, 2023. Analysts estimate an earnings per share (EPS) of $0.17. The company's stock performance has been generally positive over the last 52-week period, with shares up 121.42%. However, the company's share price dropped 5.31% the day after it beat EPS estimates last quarter.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 2:01 pm

KSS

Kohl's (NYSE:KSS) is set to release its latest quarterly earnings report on August 23, 2023. Analysts estimate an earnings per share (EPS) of $0.22. The company's past performance shows a pattern of share price drops following earnings beats. The stock is currently trading at $28.7, down 7.94% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 2:01 pm

ADI

Analog Devices (NASDAQ:ADI) is set to release its latest quarterly earnings report on Wednesday, 2023-08-23. Analysts estimate an earnings per share (EPS) of $2.52. The company's past performance shows a mixed impact on the share price post-earnings release. The stock is currently trading at $177.22 and has seen an 8.98% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 2:01 pm