Streetbeat News

Earnings

GAMB

Gambling.com Gr (NASDAQ:GAMB) is set to release its latest quarterly earnings report on August 17, 2023. Analysts estimate an earnings per share (EPS) of $0.11. The company's past performance shows a trend of beating EPS estimates, which has often led to an increase in share price. The company's shares were trading at $12.65 as of August 15, with a 51.43% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 3:01 pm

DESP

Despegar.com (NYSE:DESP) is set to release its quarterly earnings report on August 17, 2023. Analysts estimate an EPS of $0.06. The company's past performance shows a trend of missing EPS estimates and subsequent share price drops. The stock is currently trading at $8.07, down 5.17% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 3:00 pm

ROST

Shares of Ross Stores Inc (NASDAQ:ROST) are trading higher by 1.7% following strong quarterly earnings from Target and TJX. Barclays analyst Adrienne Yih maintained Ross Stores with an Overweight and raised the price target from $122 to $129. Target reported a second-quarter FY23 sales decline of 4.9% year-on-year to $24.77 billion, missing the analyst consensus of $25.18 billion.

Portfolio Pulse from Henry Khederian

August 16, 2023 | 2:47 pm

PGR

Progressive Corp's shares are trading higher by around 9% after the company reported its July 2023 results. The company saw an increase in net premiums written to 21% to $5.95 billion in July. Net premium earned rose 20% to $5.65 billion, and total policies in force grew 11% to 29.6 million last month. However, the company reported a net income of $604.4 million, a decrease from $688.8 million in June 2022, and EPS for the month declined 13% to $1.02.

Portfolio Pulse from Lekha Gupta

August 16, 2023 | 2:45 pm

HKD

AMTD Digital Inc (NYSE:HKD) shares are trading higher after the company announced it expects to achieve more than a 50% increase in net profit for full-year 2023. The company has seen strong growth momentum since going public in July 2022. The stock was trending on Stocktwits and trading volume exceeded its average session volume.

Portfolio Pulse from Adam Eckert

August 16, 2023 | 2:44 pm

CMPO

HOLI

HRT

NMM

ULH

The article identifies five value stocks in the industrials sector: Navios Maritime Partners (NMM), Hollysys Automation Tech (HOLI), Universal Logistics Hldgs (ULH), HireRight Holdings (HRT), and CompoSecure (CMPO). The companies' P/E ratios and recent earnings per share are discussed, along with changes in their dividend yields. The article notes that while value stocks may be undervalued, there is a risk that they may not rebound.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 2:42 pm

AMZN

HD

TGT

TJX

Target Corporation (TGT) beat Q2 earnings estimates but fell short on revenue, despite efforts to compete with Amazon (AMZN). The company slashed its full-year outlook due to ongoing competition for price-conscious shoppers. TJX Companies (TJX) exceeded expectations for both revenue and profits. Target's Q2 revenue fell about 5% to $24.77 billion, missing the expected $25.16 billion. Net income rose to $835 million, rebounding from $183 million in the comparable quarter of 2022. Comparable sales dropped 5.4%, more than the expected 3.7% drop. Target's outlook is gloomier than expected, with the company expecting comparable sales to drop in mid-single-digits and EPS to be between $7 and $8 for the full fiscal year.

Portfolio Pulse from Upwallstreet

August 16, 2023 | 2:30 pm

M

Macy's Inc (NYSE:M) shares are trading higher by 2.0% following strong quarterly earnings from Target and TJX. Despite Target reporting a sales decline of 4.9% YoY to $24.77 billion, the overall retail sector is experiencing a boost. This could suggest increased consumer confidence and spending, potentially benefiting Macy's.

Portfolio Pulse from Henry Khederian

August 16, 2023 | 2:21 pm

CAVA

CAVA Group Inc's shares are trading higher after the company reported better-than-expected Q2 financial results, beating analyst expectations on both revenue and earnings per share. The company also reported 18.2% same restaurant sales growth and opened 16 new restaurants. Multiple analysts raised their price targets on the stock following the results. Cava expects to open between 65 and 70 new restaurants this year and anticipates same restaurant sales growth of 13% to 15%.

Portfolio Pulse from Adam Eckert

August 16, 2023 | 2:14 pm

AL

BA

Air Lease Corp (AL) has signed a $300 million long-term lease contract with Royal Air Maroc for five 737 aircraft, including four new Boeing (BA) 737-8s and one 737-800. The aircraft are expected to be delivered in 2024. This follows Air Lease's Q2 earnings report, which beat consensus estimates.

Portfolio Pulse from Lekha Gupta

August 16, 2023 | 2:11 pm