Streetbeat News

Earnings

TMUS

T-Mobile US, Inc. (NASDAQ:TMUS) shares are trading lower ahead of its Q2 2023 earnings report on July 27. The EPS is estimated at $1.69 and revenue at $19.38 billion. The company's stock was down 1.02% at $138.26 at the time of publication.

Portfolio Pulse from Ryan Gustafson

July 17, 2023 | 6:16 pm

NVS

Novartis (NYSE:NVS) is set to release its quarterly earnings report on Tuesday, 2023-07-18, with an estimated earnings per share (EPS) of $1.66. Last quarter, the company beat EPS by $0.16, which was followed by a 1.44% drop in the share price the next day. Shares of Novartis were trading at $98.83 as of July 14, with a 52-week increase of 14.64%.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 6:00 pm

GORO

H.C. Wainwright analyst Heiko F. Ihle reiterated a Buy rating on Gold Resource Corporation (GORO), increasing the price target to $3.25 from $3.00. This comes after GORO announced a 33% Y/Y decrease in 2Q23 production results. Despite the decline, the company maintains its 2023 guidance of 30,000 – 31,000 gold equivalent ounces. The analyst expects GORO's ongoing exploration focus and new zone of mineralization to contribute to future operational results. GORO shares are trading higher by 9.9%.

Portfolio Pulse from Nabaparna Bhattacharya

July 17, 2023 | 5:54 pm

FORR

Barrington Research analyst has reiterated an Outperform rating on Forrester Research Inc (NASDAQ:FORR) with a price target of $32. The analyst expects Forrester to report 2Q23 non-GAAP EPS of $0.61, a 61% Y/Y decline, and less than the FactSet consensus forecast of $0.73. The analyst also expects Forrester to report 2Q23 adjusted EBITDA of $19.1 million and revenue of $126.4 million, both less than the FactSet consensus forecast. The company's weak research subscription bookings in 1Q were due to economic headwinds, client losses, and longer sales cycles for Forrester Decisions, the company’s new research platform.

Portfolio Pulse from Shivani Kumaresan

July 17, 2023 | 5:53 pm

BBY

COST

KSS

TGT

The U.S. Department of Commerce's June Retail Sales report is expected to show a 1.1% year-over-year dip and a 0.5% month-over-month increase. Auto industry sales surged 21% to 1.38 million units in June, marking the third-highest sales pace this year. Nonfarm payrolls rose 209,000, missing expectations of 225,000. Retail stocks have shown mixed performance, with Costco, Best Buy, and Kohl's gaining, while Target fell.

Portfolio Pulse from AJ Fabino

July 17, 2023 | 5:43 pm

PLTR

Shares of Palantir Technologies Inc (NYSE:PLTR) are trading higher, adding to gains of over 95% in the last three months. The rally is driven by optimism surrounding the future of AI, with Palantir reporting strong demand for its new AI platform. The company's shares accelerated in May after better-than-expected quarterly results and guidance for continued profitability in 2023. Palantir's CEO reiterated the high demand for its AI products at the company's first AIPCon in June.

Portfolio Pulse from Adam Eckert

July 17, 2023 | 5:42 pm

CMG

Oppenheimer analyst Brian Bittner has reiterated an Outperform rating on Chipotle Mexican Grill, Inc. (CMG), raising the price target to $2,350 from $2,050. Bittner is optimistic about CMG's risk/reward and sees a compelling case for SSS, margin, and EPS upside through 2024. The bullish stance is supported by accelerating unit growth, solid cash flow, and a debt-free balance sheet. Bittner also raised 2023E/2024E EPS to $45.39/$54.87 from previous estimates of $44.03/$53.38.

Portfolio Pulse from Nabaparna Bhattacharya

July 17, 2023 | 5:32 pm

NOVN

PMN

Several stocks experienced significant movement in Monday's mid-day session. ProMIS Neurosciences, Acumen Pharmaceuticals, BridgeBio Pharma, Lixte Biotechnology Holdings, and Healthcare Triangle were among the top gainers, with shares jumping due to various reasons such as positive preclinical data, successful Phase 1 studies, and strong financial results. On the other hand, Novan, ViewRay, UTime Limited, Jiuzi Holdings, and BYND Cannasoft Enterprises were among the biggest losers, with shares falling due to factors such as asset sales, Chapter 11 filings, and direct offerings.

Portfolio Pulse from Lisa Levin

July 17, 2023 | 5:14 pm

INTZ

Intrusion Inc. (NASDAQ:INTZ) has announced preliminary Q2 2023 results, expecting a 35% sequential increase in top-line revenues for Intrusion Shield. New bookings in Q2 and early Q3 are expected to further boost revenues. The company's consulting business is also showing growth, and cost-cutting measures have significantly reduced cash burn. The official Q2 2023 financial results will be released on August 14, 2023.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 4:33 pm

WFC

Wells Fargo & Co (WFC) reported Q2 EPS of $1.25, beating the consensus of $1.15, with revenues of $20.53 billion, up 21% Y/Y. The profit surged 57% to $4.9 billion. For 2023, net interest income is expected to be ~14% higher than the FY22 level. However, analysts have mixed views, with some lowering estimates and adjusting price targets due to lower revenues, higher share counts, and increased headwinds from eventual rate cuts and new capital regulations.

Portfolio Pulse from Lekha Gupta

July 17, 2023 | 4:23 pm