Streetbeat News

Earnings

LEVI

Levi has reported an 18% increase in inventories on a dollar basis from Q2 of 2022.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 8:09 pm

LEVI

Levi Strauss reported Q2 earnings of $0.04 per share, beating the analyst consensus estimate of $0.03 by 33.33%. However, the company's quarterly sales of $1.34 billion missed the analyst consensus estimate of $1.34 billion by 0.24%. This represents a 9.12% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 8:08 pm

SLP

Simulations Plus (NASDAQ:SLP) reported Q3 earnings of $0.20 per share, in line with analyst consensus. However, the company's quarterly sales of $16.20 million missed the analyst consensus estimate of $16.34 million by 0.86 percent. This represents an 8.30 percent increase over sales of $14.96 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 8:07 pm

KRUS

Kura Sushi USA (NASDAQ:KRUS) reported Q3 earnings of $0.16 per share, beating the analyst consensus estimate of $0.13 by 23.08%. However, the company's quarterly sales of $49.20 million missed the analyst consensus estimate of $49.57 million by 0.75%.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 8:06 pm

RIVN

Rivian's shares are trading higher following the release of strong Q2 production figures.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 7:54 pm

MMSI

Barrington Research analyst Michael Petusky has reiterated an Outperform rating on Merit Medical Systems, Inc. (MMSI) with a price target of $95. The company is expected to report 4%-6% revenue growth in 2Q 2023. Petusky expects Merit's peripheral intervention business to grow 9% Y/Y to $120.9 million, while the cardiac intervention is estimated to generate $92.3 million, up 3% Y/Y in 2Q. The analyst also expects Merit to continue affirming its multi-year growth plan foundations, generating at least $300 million in aggregate free cash flow in 2021, 2022, and 2023.

Portfolio Pulse from Nabaparna Bhattacharya

July 06, 2023 | 7:06 pm

MTG

RBC Capital Markets analyst Scott Heleniak has downgraded MGIC Investment Corp (NYSE:MTG) to Sector Perform from Outperform with a price target of $17. The analyst believes MTG shares have reached fair value and anticipates increasing challenges in the housing market. Despite this, the company has improved its capital efficiency and risk management, and is expected to deliver strong earnings and shareholder returns in H2 2023 and 2024.

Portfolio Pulse from Lekha Gupta

July 06, 2023 | 7:03 pm

KNX

SNDR

UNP

Benchmark analyst Christopher Kuhn reiterated a Buy rating for Schneider National Inc (SNDR) with a $34 price target, despite lowering estimates ahead of its 2Q 2023 report. The lack of a seasonal uptick in 2Q has led to lower Intermodal volumes, impacting margins. Truckload volumes and rates were also lower in 2Q. However, the company's shift from truckload to intermodal and dedicated, and its plan to double its intermodal business by 2030, are seen as positive long-term strategies. The analyst reduced his 2Q 2023, FY 2023, and 2024 EPS estimates due to lower Intermodal, Truckload, and Logistics revenue and margins.

Portfolio Pulse from Anusuya Lahiri

July 06, 2023 | 5:47 pm

PLTR

Palantir Technologies Inc's (NYSE:PLTR) shares are trading lower alongside several tech companies due to concerns about further rate hikes following Thursday's jobs data. The ADP National Employment Report showed that U.S. private employers added 497,000 jobs in June, raising the likelihood of more interest rate hikes from the Federal Reserve. Despite the pullback, Palantir shares are up more than 85% over the last three months, driven by better-than-expected quarterly results and strong demand for its new AI platform.

Portfolio Pulse from Adam Eckert

July 06, 2023 | 5:42 pm

F

GM

Ford Motor Company's Q2 truck sales increased by 26.2% Y/Y, with overall truck sales for the first half of 2023 totaling 549,625, up 23.1%, and outselling General Motors Company trucks and vans by approximately 61,000 trucks. Ford's overall EV sales were up 35.5% in June, with Mustang Mach-E gains up 110% Y/Y. However, Ford shares are trading lower by 2.35% to $14.99.

Portfolio Pulse from Nabaparna Bhattacharya

July 06, 2023 | 5:13 pm