Streetbeat News

Earnings

OKTA

Okta has projected its Q3 total revenue to be between $558M-$560M, which is higher than the estimated $552.37M. The company also expects its adjusted EPS to be between $0.29-$0.30, surpassing the estimated $0.20.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 8:05 pm

FIVE

Five Below has projected its FY23 EPS to be between $5.27 and $5.55, which is lower than the estimated $5.58. The company also expects its sales to range from $3.5 billion to $3.57 billion, which is in line with the estimated $3.56 billion.

Portfolio Pulse from Bill Haddad

August 30, 2023 | 8:03 pm

FIVE

Five Below has projected its Q3 earnings per share (EPS) to be between $0.17 and $0.25, which is lower than the estimated $0.4. The company also expects its revenue to be between $715M and $730M, falling short of the estimated $737.8M.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 8:03 pm

OKTA

Okta reported Q2 adjusted earnings of $0.31 per share, beating the analyst consensus estimate of $0.22 by 40.91%. This is a 410% increase from the same period last year. The company also reported quarterly sales of $556.00 million, beating the analyst consensus estimate of $534.54 million by 4.01%. This is a 23.06% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 8:02 pm

FIVE

Five Below reported Q2 earnings of $0.84 per share, beating the analyst consensus estimate of $0.83 by 1.2%. This is a 13.51% increase from the same period last year. The company also reported quarterly sales of $759.00 million, beating the estimate of $758.59 million by 0.05%. This is a 13.47% increase from the same period last year.

Portfolio Pulse from Bill Haddad

August 30, 2023 | 8:02 pm

DPZ

KO

PEP

Cathie Wood, founder of Ark Invest, warns of looming deflation in an interview with Benzinga. She expects interest rates to fall and highlights that many companies are showing little to no nominal growth. She uses Domino's Pizza, PepsiCo, and Coca-Cola as examples of companies experiencing negative unit growth due to price increases. Wood also mentions rising consumer delinquencies and the potential impact on the economy.

Portfolio Pulse from AJ Fabino

August 30, 2023 | 7:31 pm

SJM

Stifel analyst Matthew E. Smith reiterated a Hold rating on J.M. Smucker Company (NYSE:SJM), but lowered the price target to $150 from $160. The company reported Q1 adjusted EPS of $2.21, beating the consensus of $2.04. The analyst highlighted the company's strong performance relative to its peers, supported by improved category exposure and strong brands. The company's balance sheet has significantly improved, providing the potential for M&A and share repurchases. However, SJM shares are trading lower by 1.57% to $143.65.

Portfolio Pulse from Nabaparna Bhattacharya

August 30, 2023 | 6:26 pm

AEO

Telsey Advisory Group analyst Dana Telsey reiterated a Market Perform rating on American Eagle Outfitters, Inc. (NYSE:AEO), with a price target of $15. The analyst expects Q2 EPS of $0.14, vs. $0.04 last year, a penny below the market's expectation of $0.15. Telsey estimates sales of $1.20 billion, flat Y/Y, in line with company guidance. The analyst projects 120 bps of operating expense deleverage to 26.8% percent of sales, vs. the consensus forecast of 26.6%. AEO shares are trading higher by 0.12% to $16.59 on the last check Wednesday.

Portfolio Pulse from Nabaparna Bhattacharya

August 30, 2023 | 6:25 pm

DELL

Dell Technologies Inc. (NYSE:DELL) shares are trading lower in sympathy with HP, Inc., which fell after issuing weak guidance. Despite HP reporting better-than-expected Q3 results, the company issued full-year 2023 earnings per share guidance below estimates. Dell shares fell only a day before the company is set to report its Q2 earnings. Dell is expected to report earnings of $1.14 per share and revenue of $20.85 billion.

Portfolio Pulse from Ryan Gustafson

August 30, 2023 | 6:17 pm

LULU

Wedbush analyst Tom Nikic has reiterated an Outperform rating on Lululemon Athletica Inc (NASDAQ:LULU) with a price target of $415. Despite a challenging macro environment, the analyst believes LULU's 100% DTC model and lack of exposure to the wholesale channel allows it to maintain pricing discipline and avoid promotional pressure. The company's strong product offering continues to resonate with consumers, and it has been prudently conservative in its guidance, allowing for continued 'beat-and-raise' performance.

Portfolio Pulse from Shivani Kumaresan

August 30, 2023 | 6:03 pm