Streetbeat News

Earnings

NIO

NIO Inc's shares have been volatile this week, with a 2.6% gain on Monday followed by a drop on Tuesday. The fluctuation follows the company's announcement of increased production of its ES6 vehicle after a temporary halt in August for manufacturing process upgrades. NIO's monthly delivery numbers have shown a steady increase in Q2, with 20,462 vehicles delivered last month. However, forecasts for China's economic expansion have been revised lower due to rate uncertainty, pressuring several Chinese companies. NIO is expected to report a Q2 loss of 36 cents per share and revenue of $1.35 billion on August 29.

Portfolio Pulse from Adam Eckert

August 22, 2023 | 2:28 pm

BBY

DKS

FIVE

JWN

M

ULTA

VFC

Retail stocks are trading lower in sympathy with Macy's and Dick's, following their disappointing quarterly earnings reports.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 2:24 pm

LOW

Lowe's Cos executive has expressed modest concerns about H2 due to a pullback on big-ticket DIY items. However, they believe they can outperform the market by 100-200 basis points and that home improvement will be down mid-single digits.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 2:10 pm

BHP

BHP Group Ltd reported a 17% YoY decline in FY23 revenue to $53.8 billion due to lower iron ore, metallurgical coal, and copper prices. Copper production rose 9% YoY, but the average realized price was down 12%. Iron ore production was up 1% YoY, but the average realized price fell 18%. Underlying EBITDA fell 31% YoY to $28.0 billion, and underlying profit declined 37% YoY to $13.4 billion. The company declared a final dividend per share of $0.80, to be paid on September 28, 2023.

Portfolio Pulse from Lekha Gupta

August 22, 2023 | 2:08 pm

JWN

Nordstrom Inc's shares fell by 7.55% after Macy's reported disappointing Q2 results. Macy's brick-and-mortar sales decreased by 8%, and digital sales dropped by 10% year over year. The poor performance of Macy's, a company in the same retail sector as Nordstrom, has led to concerns about the overall health of the retail industry.

Portfolio Pulse from Henry Khederian

August 22, 2023 | 2:04 pm

NTAP

NetApp (NASDAQ:NTAP) is set to release its latest quarterly earnings report on Wednesday, 2023-08-23. Analysts estimate an earnings per share (EPS) of $1.07. The company's past performance shows it beat EPS estimates last quarter, which led to an 8.46% increase in share price the next day. NetApp's shares were trading at $76.46 as of August 21, with a 52-week increase of 5.41%.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 2:01 pm

WSM

Williams-Sonoma (NYSE:WSM) is set to release its quarterly earnings report on Wednesday, 2023-08-23. Analysts estimate an earnings per share (EPS) of $2.70. The company's past performance shows a pattern of beating EPS estimates, which often leads to a share price increase. However, the stock has been down 21.33% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 2:01 pm

LANC

Lancaster Colony (NASDAQ:LANC) is set to release its latest quarterly earnings report on Wednesday, 2023-08-23. Analysts estimate an earnings per share (EPS) of $1.29. The company's stock price increased by 1.67% the day after it missed EPS by $0.04 last quarter. Over the last 52-week period, shares are up 25.53%.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 2:01 pm

PTON

Peloton Interactive (NASDAQ:PTON) is set to release its latest quarterly earnings report on Wednesday, 2023-08-23. Analysts estimate an earnings per share (EPS) of $-0.38. The company's past performance shows a pattern of missing EPS estimates but experiencing a subsequent increase in share price. Currently, shares are trading at $7.02, down 46.89% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 2:01 pm

ANF

Abercrombie & Fitch (NYSE:ANF) is set to release its latest quarterly earnings report on August 23, 2023. Analysts estimate an earnings per share (EPS) of $0.17. The company's stock performance has been generally positive over the last 52-week period, with shares up 121.42%. However, the company's share price dropped 5.31% the day after it beat EPS estimates last quarter.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 2:01 pm