Streetbeat News

Earnings

GVP

GSE Systems (NASDAQ:GVP) is set to release its latest quarterly earnings report on August 14, 2023. Analysts estimate an earnings per share (EPS) of $-0.11. The company's past performance shows a trend of missing EPS estimates and subsequent drops in share price. Shares are currently trading at $0.486 and have seen a 64.73% decrease over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 7:01 pm

WMT

Credit Suisse analyst Karen Short has maintained an Outperform rating on Walmart Inc (NYSE:WMT) and raised the price target from $170 to $180. Short raised her 2Q EPS forecast by $0.06 to $1.74, above the FactSet consensus of $1.69 and guidance of $1.63-$1.68. She believes Walmart is well positioned for the current environment due to its value-driven consumables-oriented business. Short also raised her WMT U.S. comp ex. fuel estimate to 6.0% from 3.8%. The upward revision reflects strength in grocery sales, growth in private labels, and increases in health and wellness sales.

Portfolio Pulse from Anusuya Lahiri

August 11, 2023 | 6:51 pm

ODD

ODDITY Tech's shares are trading lower following the release of their Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 6:50 pm

YELL

Yellow Corp (NASDAQ: YELL) is reportedly pushing bankruptcy loan negotiations to next week. The company is considering two alternative loan proposals, offering $142.5 million in cash. Yellow is seeking alternative financing from MFN Partners and Estes Express Lines. The company recently filed for bankruptcy under Chapter 11 and reported Q2 EPS of $(0.28), beating the consensus of $(0.96), but missed sales consensus of $1.20 billion. YELL shares are trading lower by 11.28% at $1.73.

Portfolio Pulse from Lekha Gupta

August 11, 2023 | 6:44 pm

AKRO

Akero Therapeutics reported better-than-expected Q2 EPS results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 6:39 pm

CANO

EVLV

MAXN

RGTI

SPB

TSAT

YTEN

US stocks traded mixed with the Dow up 0.32% and the NASDAQ down 0.48%. Energy shares jumped by 1.2% while IT shares fell by 1%. Spectrum Brands reported better-than-expected earnings but a sales decline of 10.1% YoY. Evolv Technologies, Telesat Corporation, and Rigetti Computing saw their shares rise after positive Q2 results. Yield10 Bioscience, Cano Health, and Maxeon Solar Technologies saw their shares drop after negative Q2 results.

Portfolio Pulse from Lisa Levin

August 11, 2023 | 6:32 pm

CYBR

Stephens analyst Brian Colley has raised the price target on CyberArk Software Ltd. (NASDAQ:CYBR) from $180 to $210, maintaining an Overweight rating. This follows CyberArk's Q2 results, which showed a 61% rise in subscription revenue to $106.2 million. Despite a weak macro environment, CyberArk has seen resilient trends, with accelerating net new ARR growth and new customer wins. The company is also expanding its channel ecosystem, which has delivered key wins in the quarter. Following Q2, the analyst raised the FY2023/2024 revenue estimates and non-GAAP EPS estimates.

Portfolio Pulse from Nabaparna Bhattacharya

August 11, 2023 | 6:15 pm

SVV

Savers Value Village reported better-than-expected Q2 financial results and issued FY23 revenue guidance inline with estimates. Baird raised its price target from $27 to $28 on the stock, leading to a rise in the company's shares.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 6:07 pm

VVOS

Vivos Therapeutics (NASDAQ:VVOS) is set to release its latest quarterly earnings report on August 14, 2023. Analysts estimate an earnings per share (EPS) of $-0.14. The company's past performance shows a trend of missing EPS estimates and subsequent drops in share price. The stock is currently trading at $0.3431, down 76.23% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 6:01 pm

EGLX

Enthusiast Gaming Hldgs (NASDAQ:EGLX) is set to release its quarterly earnings report on Monday, 2023-08-14. Analysts estimate an earnings per share (EPS) of $-0.05. The company's past performance shows a pattern of share price drops following earnings reports. The stock is currently trading at $0.5233, down 72.82% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 6:01 pm