Streetbeat News

Earnings

CCOI

TMUS

KeyBanc Capital Markets analyst Brandon Nispel reiterated an Overweight rating on Cogent Communications Holdings, Inc. (CCOI), raising the price target to $80 from $77. Despite CCOI missing Q2 FY23 service revenue consensus, the analyst expects a recovery in CCOI's core business and sees a path towards $500M+ EBITDA. Nispel also anticipates CCOI to start on T-Mobile US, Inc. (TMUS) T-Mobile Wireline's profitability through network savings, headcount reduction, and growth in Wavelength sales.

Portfolio Pulse from Nabaparna Bhattacharya

August 11, 2023 | 7:45 pm

ORIC

Oric Pharmaceuticals reported a year-over-year increase in Q2 EPS results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 7:43 pm

RPD

Rapid7's shares are experiencing an upward trend following the company's recent earnings report.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 7:37 pm

GRNT

Granite Ridge Resources (GRNT) shares are trading higher following the company's better-than-expected Q2 earnings per share (EPS) results.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 7:28 pm

G

Needham analyst Mayank Tandon has reiterated the Buy rating on Genpact Limited (NYSE:G), but lowered the price target to $50 from $56. This follows Genpact's Q2 results, which showed a 2% Y/Y increase in total revenue to $1.106 billion, missing street view. The company's FY23 and FY24 revenue outlooks have been lowered due to ongoing economic uncertainty causing volume reductions and reduced ST project spend. Despite this, Tandon believes Genpact's demand for core BPO/analytics services remains strong and expects the company to deliver solid low-double-digit revenue growth.

Portfolio Pulse from Nabaparna Bhattacharya

August 11, 2023 | 7:13 pm

TOMZ

TOMI Environmental Solns (NASDAQ:TOMZ) is set to release its latest quarterly earnings report on August 14, 2023. Analysts estimate an earnings per share (EPS) of $0.01. The company's past performance shows a pattern of share price changes following earnings reports. Last quarter, the company missed EPS by $0.04, resulting in an 8.84% drop in share price. Over the last 52-week period, shares are down 21.43%.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 7:01 pm

GVP

GSE Systems (NASDAQ:GVP) is set to release its latest quarterly earnings report on August 14, 2023. Analysts estimate an earnings per share (EPS) of $-0.11. The company's past performance shows a trend of missing EPS estimates and subsequent drops in share price. Shares are currently trading at $0.486 and have seen a 64.73% decrease over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 7:01 pm

WMT

Credit Suisse analyst Karen Short has maintained an Outperform rating on Walmart Inc (NYSE:WMT) and raised the price target from $170 to $180. Short raised her 2Q EPS forecast by $0.06 to $1.74, above the FactSet consensus of $1.69 and guidance of $1.63-$1.68. She believes Walmart is well positioned for the current environment due to its value-driven consumables-oriented business. Short also raised her WMT U.S. comp ex. fuel estimate to 6.0% from 3.8%. The upward revision reflects strength in grocery sales, growth in private labels, and increases in health and wellness sales.

Portfolio Pulse from Anusuya Lahiri

August 11, 2023 | 6:51 pm

ODD

ODDITY Tech's shares are trading lower following the release of their Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 6:50 pm

YELL

Yellow Corp (NASDAQ: YELL) is reportedly pushing bankruptcy loan negotiations to next week. The company is considering two alternative loan proposals, offering $142.5 million in cash. Yellow is seeking alternative financing from MFN Partners and Estes Express Lines. The company recently filed for bankruptcy under Chapter 11 and reported Q2 EPS of $(0.28), beating the consensus of $(0.96), but missed sales consensus of $1.20 billion. YELL shares are trading lower by 11.28% at $1.73.

Portfolio Pulse from Lekha Gupta

August 11, 2023 | 6:44 pm