Streetbeat News

Earnings

HIMS

Hims & Hers Health, Inc. (NYSE:HIMS) reported Q2 earnings, beating top and bottom lines, and raised its full year 2023 revenue guidance. The company reported quarterly losses of three cents per share, beating the analyst consensus estimate of losses of six cents. Quarterly sales were $207.91 million, beating the analyst consensus estimate of $204.62 million. Subscribers grew to 1.3 million, up 74% YoY. Full year 2023 revenue guidance was raised to between $830 million and $850 million. Credit Suisse analyst Jonathan Yong reiterated Hims & Hers Health with an Outperform and maintained the $14 price target.

Portfolio Pulse from Ryan Gustafson

August 08, 2023 | 7:28 pm

SWAV

ShockWave Medical, Inc. (NASDAQ:SWAV) reported mixed Q2 results with an EPS miss and revenue beat. The company raised its full-year 2023 revenue guidance to between $725 million and $730 million. Two analysts changed their price targets on the stock, with Needham raising it from $325 to $330 and Wells Fargo lowering it from $275 to $251. Shares of SWAV were down 9.10% at the time of publication.

Portfolio Pulse from Ryan Gustafson

August 08, 2023 | 7:26 pm

CHGG

Chegg Inc's 2Q23 revenue and EPS surpassed analyst's estimates, however, its subscriber counts were below expectations. The company announced a partnership with Scale AI to develop large language models for Chegg's personalized learning assistant. This is a shift from Chegg's prior strategy of leveraging GPT 4.0 for a new offering called CheggMate. The shares of Chegg are trading higher by 4.5%.

Portfolio Pulse from Shivani Kumaresan

August 08, 2023 | 7:19 pm

LYFT

Lyft, Inc. is set to release its Q2 earnings after the markets close on Tuesday. The stock was up over 2% ahead of the event. Analysts estimate Lyft will report a loss of 1 cent per share on revenues of $1.018 billion. From a technical perspective, Lyft looks set to trade higher, having regained the 200-day simple moving average (SMA). However, holding a position in a stock over earnings can be risky.

Portfolio Pulse from Melanie Schaffer

August 08, 2023 | 7:11 pm

HIMS

Hims & Hers Health's stock is trading lower despite the company reporting strong earnings and guidance. The stock is pulling back after recent gains.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 7:05 pm

RIVN

Rivian Automotive, Inc (NASDAQ:RIVN) is expected to report Q2 earnings after the market close, with analysts predicting an EPS of negative $1.41 on revenues of $978.88 million. Truist Securities analyst Jordan Levy maintained a Buy rating on Rivian and raised the price target from $28 to $30, while Cantor Fitzgerald analyst Andres Sheppard downgraded the stock from Overweight to Neutral and increased the price target from $27 to $29. Rivian's stock is currently trading in a bearish inside bar pattern but above the 200-day simple moving average (SMA).

Portfolio Pulse from Melanie Schaffer

August 08, 2023 | 7:03 pm

QSR

Restaurant Brands International Inc (NYSE:QSR) reported Q2 FY23 sales growth of 8.3% YoY to $1.77 billion, beating the analyst consensus estimate of $1.74 billion. Consolidated comparable sales increased 9.6%, and net restaurants grew 4.1% versus the prior year. System-wide sales increased 14%. The company's Board of Directors has declared a dividend of $0.55 per common share. However, QSR shares traded lower by 0.52% at $74.16 on the last check Tuesday.

Portfolio Pulse from Shivani Kumaresan

August 08, 2023 | 7:03 pm

LEGH

Legacy Housing (NASDAQ:LEGH) is set to release its latest quarterly earnings report on Wednesday, 2023-08-09. Analysts estimate an earnings per share (EPS) of $0.62. The company's past performance shows a mix of earnings beats and misses, with corresponding share price changes. Shares of Legacy Housing were trading at $22.45 as of August 07, with a 27.48% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 7:01 pm

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