Streetbeat News

Earnings

CCL

CUK

Carnival shares are experiencing volatility following the company's earnings report on Monday. The stock is currently trading higher.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 3:09 pm

MITK

Mitek Systems (NASDAQ:MITK) is set to release its latest quarterly earnings report on June 29, 2023. Analysts estimate an earnings per share (EPS) of $0.19. The company's stock price could be influenced not only by the earnings result but also by the company's guidance for the next quarter. In the previous quarter, Mitek Systems beat the EPS estimate by $0.03, resulting in a 20.62% increase in the share price the next day. The company's shares were trading at $10.71 as of June 27, with a 52-week increase of 17.42%.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 3:01 pm

SMPL

Simply Good Foods (NASDAQ:SMPL) is set to release its latest quarterly earnings report on June 29, 2023. Analysts estimate an earnings per share (EPS) of $0.41. The company's past performance shows a mixed impact on the share price post-earnings release. The stock is currently trading at $34.96, down 9.01% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 3:01 pm

SOFI

SoFi Technologies has seen a significant option alert with Friday $9.5 calls sweep near the ask of 2245 at $0.12 versus an open interest of 16385. The company is expected to announce its earnings on August 1 after market close. The reference price is $9.07.

Portfolio Pulse from Charles Gross

June 28, 2023 | 2:51 pm

CVNA

Carvana Co. (NYSE:CVNA) shares are trading higher, continuing a recent turbulent streak. The company expects to reach adjusted EBITDA of more than $50 million in Q2 2023. Analysts' price target increases and the release of a short report from Kerrisdale Capital have also influenced the stock's performance. Carvana has a high short interest, with 66.52% of outstanding shares currently sold short. The stock is up more than 123% in the last 30 days.

Portfolio Pulse from Erica Kollmann

June 28, 2023 | 2:51 pm

PGR

A 'death cross' has formed on the chart of Progressive (NYSE:PGR), which could indicate a bearish trend for the stock. This occurs when the 50-day moving average moves below the 200-day moving average. However, seasoned investors use this as a signal to start considering possible short positions based on other factors. Progressive's past earnings have been mixed, with actual EPS and revenue often falling short of estimates.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 2:48 pm

AVAV

AeroVironment (NASDAQ:AVAV) reported Q4 sales of $186.04 million and a loss of $160.47 million, a significant decrease from last quarter. The company posted a negative Return on Capital Employed (ROCE) of -0.29%, suggesting ineffective capital allocation. Q4 earnings per share were $0.99, missing analyst predictions of $1.01.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 2:45 pm

TSLA

Tesla shares are trading higher possibly due to anticipation of the company's Q2 delivery numbers.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 2:33 pm

DDOG

A large investor has taken a bullish stance on Datadog (NASDAQ:DDOG), with 60% of big-money traders also showing bullish sentiment. The investor has targeted a price range of $70.0 to $110.0 for Datadog over the last 3 months. The price of DDOG is currently up 2.7% at $98.28, and RSI indicators suggest the stock may be approaching overbought. The next earnings are expected in 36 days.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 2:32 pm

CNVS

Cineverse (NASDAQ:CNVS) is set to release its latest quarterly earnings report on June 29, 2023. Analysts estimate an earnings per share (EPS) of $0.00. The company's past performance shows a trend of beating EPS estimates but experiencing a drop in share price. The stock is currently trading at $2.14, down 78.25% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 2:03 pm