Streetbeat News

Earnings

PRGS

Progress Software Corporation has projected its Q3 earnings per share (EPS) to be between $0.98 and $1.02, which is higher than the estimated $0.97. The company also expects its revenue to be between $172M and $176M, surpassing the estimated $170.68M.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 8:26 pm

BRCC

Black Rifle Coffee Company (BRCC) anticipates its Q2 net revenue to be around $91 million, which is lower than the consensus estimate of $93.77 million.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 8:25 pm

SGH

SMART Global Holdings (NASDAQ:SGH) reported Q3 earnings, beating estimated earnings by 65.0% with an EPS of $0.66, compared to an estimate of $0.4. However, revenue was down $79.21 million from the same period last year. The company also provided guidance for Q4 2023, expecting earnings between $0.3 and $0.6 per share.

Portfolio Pulse from Benzinga Insights

June 29, 2023 | 8:25 pm

BRCC

Black Rifle Coffee Company (BRCC) has reaffirmed its full-year financial guidance for 2023, expecting a net revenue of $400M-$440M, which aligns with the consensus estimate of $421.21M.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 8:23 pm

NKE

Nike has projected sustainable and profitable growth for the fiscal year 2024 and beyond. The company has not provided specific figures or details.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 8:21 pm

ACCD

Accolade has reported a Q1 EPS of $(0.52).

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 8:20 pm

MITK

Mitek Systems (NASDAQ:MITK) reported its Q4 earnings results, with an in-line EPS of $0.2. Revenue was up $5.49 million from the same period last year. Last quarter, the company beat on EPS by $0.03, which was followed by a 20.62% increase in the share price the next day.

Portfolio Pulse from Benzinga Insights

June 29, 2023 | 8:20 pm

PRGS

Progress Software reported Q2 earnings of $1.06 per share, beating the analyst consensus estimate of $0.90 by 17.78%. This is a 1.92% increase from the same period last year. The company also reported quarterly sales of $178.30 million, beating the analyst consensus estimate of $169.78 million by 5.02%. This is an 18.17% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 8:19 pm

NKE

Nike has reported a decrease in Q4 gross margin by 140 basis points. The company attributes this to higher product input costs, elevated freight and logistics costs, higher markdowns, and continued unfavorable changes in net foreign currency exchange rates.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 8:17 pm

ACCD

Accolade has projected its Q2 revenue to be between $93M and $95M, which is in line with the estimated $93.22M.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 8:16 pm