Streetbeat News

Earnings

HRB

H&R Block, Inc. (NYSE:HRB) reported better-than-expected Q4 results and raised its quarterly dividend. The company reported earnings of $2.05 per share, beating the analyst consensus estimate of $1.89. Quarterly sales were $1.03 billion, beating the analyst consensus estimate of $1.01 billion. The company also raised its quarterly dividend by 10% to 32 cents per share. Shares of HRB were up 6.08% at $37.50 at the time of publication.

Portfolio Pulse from Ryan Gustafson

August 15, 2023 | 8:45 pm

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Agilent has revised its FY23 adjusted EPS forecast to $5.40-$5.43, down from the previous estimate of $5.50. The company also lowered its revenue projection to $6.8B-$6.85B from $6.97B.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 8:45 pm

TGT

Target Corporation's (NYSE:TGT) stock price has created a double bottom pattern, falling to $125, a low last seen in June. The company is set to release its Q2 financial results on Aug. 16, with analysts expecting an EPS of $1.43, nearly double from the same quarter last year. However, revenue forecasts project a slight decline to $25.2 billion. The stock's price recently dipped below the crucial support at $128, and the relative strength index (RSI) has entered the oversold territory. The company's year-to-date decline stands at 17%, with a drawdown of over 50% from its peak in November 2021.

Portfolio Pulse from Piero Cingari

August 15, 2023 | 8:44 pm

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Agilent Technologies Inc. has revised its outlook due to a softer macroeconomic environment. The company did not provide specific details about the changes in its outlook.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 8:43 pm

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Agilent Technologies reported Q3 earnings of $1.43 per share, beating the analyst consensus estimate of $1.37 by 4.38%. This is a 6.72% increase from the same period last year. The company also reported quarterly sales of $1.67 billion, beating the analyst consensus estimate of $1.66 billion by 0.72%, but this is a 2.68% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 8:42 pm

HD

Home Depot Inc (HD) beat earnings estimates for Q2 2023, despite a 2% YoY decrease in revenue to $42.92 billion. The company reaffirmed its guidance for a comparable sales decline between 2% and 5% for full-year 2023 due to broad-based pressure across the business. However, Oppenheimer analyst Brian Nagel believes the company is setting itself up for a recovery in the years ahead, with home improvement trends expected to improve in 2024 and 2025.

Portfolio Pulse from Adam Eckert

August 15, 2023 | 8:33 pm

DLO

DLocal Limited's (NASDAQ:DLO) shares surged over 13% after its Q2 financial results were leaked. The company reported a 59% YoY increase in revenue to $161.1 million, beating the consensus estimate of $151.18 million. Earnings per share were 15 cents, surpassing estimates of 13 cents. DLocal also appointed Pedro Arnt as co-CEO and reaffirmed its full-year revenue guidance of $620 million to $640 million.

Portfolio Pulse from Adam Eckert

August 15, 2023 | 8:32 pm

ALC

Alcon (NYSE:ALC) reported Q2 earnings of $0.69 per share, beating the analyst consensus estimate of $0.63 by 9.52%. The company also reported quarterly sales of $2.40 billion, surpassing the analyst consensus estimate of $2.36 billion by 1.69%. Both earnings and sales show an increase compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 8:31 pm

CAVA

CAVA Group, Inc. reported Q2 earnings of 21 cents per share, beating the analyst consensus estimate of losses of three cents by 800%. The company also reported quarterly sales of $172.89 million, beating the analyst consensus estimate of $163.20 million by 5.94%. CAVA reported same-restaurant sales growth of 18.2% and anticipates same-restaurant sales growth between 13% and 15% for the fiscal full-year 2023. Shares of CAVA were up 2.39% at $47.50 in the after-hours session.

Portfolio Pulse from Ryan Gustafson

August 15, 2023 | 8:29 pm

NVDA

Nvidia's stock surged by 7% at the start of a trading week, demonstrating resilience despite a 15% decrease from July 14th to August 11th. The timing of this upswing is significant as Nvidia is set to release its Q2 earnings report on August 23rd, with high anticipation that the company could again exceed the earnings forecast. Nvidia's performance in the AI field and its impressive growth rate make it a preferred choice in the market.

Portfolio Pulse from Zaheer Anwari

August 15, 2023 | 8:25 pm