Streetbeat News

Earnings

ZM

Zoom Video Communications, Inc. (NASDAQ:ZM) reported Q2 earnings of $1.34 per share, beating the analyst consensus estimate of $1.05. The company also reported quarterly sales of $1.14 billion, surpassing the analyst consensus estimate of $1.11 billion. However, Zoom's shares fell on Tuesday after several analysts adjusted their price targets on the company.

Portfolio Pulse from Ryan Gustafson

August 22, 2023 | 9:47 pm

DELL

HPE

Dell Technologies Inc (DELL) and Hewlett Packard Enterprise Co (HPE) are set to report earnings on August 31 and August 29 respectively. Citi analyst Asiya Merchant maintains a Buy rating on Dell and a Neutral view on HPE. Dell's revenues and earnings are expected to decline, but recovery is anticipated due to demand for PCs. HPE's revenue declines are expected to be more modest, with its networking segment expected to outperform.

Portfolio Pulse from Anusuya Lahiri

August 22, 2023 | 8:51 pm

TOL

Toll Brothers Inc's Q3 earnings beat estimates with revenue of $2.69 billion and earnings per share of $3.73. Home sales revenues increased by 19% YoY, and the company ended the quarter with a backlog of $7.9 billion, up 30% YoY. The company expects to deliver between 2,650 and 2,750 units in Q4, up from 2,524 in Q3. The company's shares were up 1.45% after hours.

Portfolio Pulse from Adam Eckert

August 22, 2023 | 8:49 pm

TOL

Toll Brothers (TOL) has raised its full-year guidance for deliveries, adjusted gross margin, and SG&A leverage, expecting a return on beginning equity for fiscal 2023 of approximately 22%. The company reported record third-quarter earnings of $3.73 per diluted share, up 59% YoY. It also signed 2,245 net contracts for $2.2 billion in the quarter, up 77% YoY. The company's net debt-to-capital ratio was 20.5% and total liquidity was $2.8 billion. It repurchased approximately $162.5 million of its common stock and paid $69 million in dividends. Standard & Poor's upgraded the company's credit rating to investment grade.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 8:33 pm

TOL

Toll Brothers reported Q3 earnings of $3.73 per share, beating the analyst consensus estimate of $2.81 by 32.74%. This is a 58.72% increase from the same period last year. The company also reported quarterly sales of $2.69 billion, beating the analyst consensus estimate of $2.41 billion by 11.52%. This is a 7.72% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 8:30 pm

URBN

Urban Outfitters reported a Q2 earnings beat and a decline in inventories, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 8:27 pm

URBN

Urban Outfitters, Inc. (NASDAQ:URBN) reported Q2 earnings of $1.10 per share, beating the analyst consensus estimate of 89 cents, a 71.88% increase from the same period last year. The company also reported quarterly sales of $1.27 billion, beating the analyst consensus estimate of $1.25 billion, a 7.52% increase from the same period last year. The company's total inventory decreased by 15.9% year-over-year as of July 31. Shares of URBN were up 2.79% in the after-hours session.

Portfolio Pulse from Ryan Gustafson

August 22, 2023 | 8:25 pm

BMTX

BM Technologies reported Q2 losses of $0.39 per share, missing the analyst consensus estimate of $0.24 by 62.5%. This is a 360% decrease over earnings of $0.15 per share from the same period last year. The company also reported quarterly sales of $12.99 million, missing the analyst consensus estimate of $15.06 million by 13.76%. This is a 43.55% decrease over sales of $23.01 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 8:18 pm

LZB

La-Z-Boy has projected its Q2 sales to be between $490M and $510M, which is slightly lower than the estimated $507.08M.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 8:17 pm

FIHL

Fidelis Insurance Hldgs (NYSE:FIHL) reported Q2 earnings of $0.76 per share, beating the analyst consensus estimate of $0.56 by 35.71%. The company's sales for the quarter were $453.20 million, a 37.29% increase from $330.10 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 8:17 pm