Streetbeat News

Earnings

BLND

Blend Labs (NYSE:BLND) is set to release its quarterly earnings report on August 9, 2023. Analysts estimate an earnings per share (EPS) of $-0.13. The company's past performance shows a pattern of share price changes following earnings reports. The stock is currently trading at $1.29, down 59.81% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 7:01 pm

APP

AppLovin (NASDAQ:APP) is set to release its latest quarterly earnings report on Wednesday, 2023-08-09. Analysts estimate an earnings per share (EPS) of $0.07. The company's past performance shows a pattern of share price increases following earnings reports, despite missing EPS estimates. Shares of AppLovin were trading at $30.78 as of August 07, with a 52-week decrease of 26.03%.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 7:01 pm

DIS

Walt Disney (NYSE:DIS) is set to release its latest quarterly earnings report on Wednesday, 2023-08-09. Analysts estimate an earnings per share (EPS) of $0.97. The company's past performance shows a pattern of share price drops following earnings reports. Shares are currently trading at $86.83 and are down 22.38% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 7:01 pm

WTW

BMO Capital Market analyst Michael Zaremski has downgraded Willis Towers Watson PLC (NASDAQ:WTW) to Underperform from Market Perform and decreased the price target to $205 from $230. This follows the company's Q2 FY23 EPS miss and FY24 guidance cut. The analyst expects Willis to continue reinvesting most of its expense program’s savings in talent to regain market share, which could lead to downward EPS revisions in the future.

Portfolio Pulse from Lekha Gupta

August 08, 2023 | 6:57 pm

AAME

Atlantic American (NASDAQ:AAME) reported Q2 earnings of $0.08 per share, a 188.89% increase YoY. The company also reported $49.19 million in sales, a 10.12% increase YoY.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 6:56 pm

RBLX

Roblox Corp. (NASDAQ:RBLX) is set to report Q2 2023 results on Aug. 9. The consensus estimate for revenue is $785.01 million, a 22.68% growth from the year-ago quarter. The estimated loss per share is 46 cents, a 53.33% decline compared to the same quarter in the previous year. Roblox's performance is expected to benefit from user and developer growth, increased engagement levels, and global expansion. However, the probability of Roblox beating earnings expectations is low, according to Zacks Equity Research.

Portfolio Pulse from Franca Quarneti

August 08, 2023 | 6:54 pm

FRPT

Truist Securities analyst Bill Chappell has reiterated the Hold rating on Freshpet, Inc. (NASDAQ:FRPT), raising the price target to $80 from $55. This follows Freshpet's Q2 FY23 sales growth of 25% YoY to $183.30 million, which missed the analyst consensus estimate of $185.75 million. The company expects FY23 adjusted EBITDA of at least $55 million and capital expenditures of about $240 million. Chappell raised FY23 EBITDA estimates from $50 million to $57 million and FY24 EBITDA estimates from $91 million to $98 million.

Portfolio Pulse from Nabaparna Bhattacharya

August 08, 2023 | 6:50 pm

BURU

DRUG

DTSS

PAY

PTRA

SEAC

UPS

United Parcel Service (UPS) reported a Q2 FY23 revenue decline of 10.9% YoY to $22.055 billion, missing the consensus of $23.11 billion. Adjusted EPS was $2.54, beating the consensus of $2.50. For FY23, UPS now expects consolidated revenue to be about $93 billion, down from the prior $97 billion. Other stocks mentioned include Nuburu (BURU), Paymentus Holdings (PAY), Bright Minds Biosciences (DRUG), Proterra (PTRA), SeaChange International (SEAC), and Datasea (DTSS).

Portfolio Pulse from Lisa Levin

August 08, 2023 | 6:30 pm

BNTX

BioNTech SE (BNTX) shares are trading higher by 3.28% to $101.73 after falling on Monday. The company announced a decline in second-quarter revenues to €167.7 million from €3.2 billion in the previous year. This reduction is attributed to write-offs by collaboration partner Pfizer Inc, leading to a decrease in the company's gross profit share for the quarter.

Portfolio Pulse from Henry Khederian

August 08, 2023 | 6:18 pm

BETZ

DKNG

MGM

PENN

PENN Entertainment is set to report its Q2 financial results. The company is expected to report a revenue of $1.67 billion, matching its Q1 revenue. Analysts estimate earnings per share of 42 cents. The company's Interactive sports betting unit reported a YoY increase in revenue in Q1. PENN completed the acquisition of Barstool Sports in February and raised its full-year guidance to a range of $6.37 billion to $6.81 billion. The company's shares have lagged behind peers, down 33% in the last year and 17% YTD.

Portfolio Pulse from Chris Katje

August 08, 2023 | 6:08 pm