Streetbeat News

Earnings

ELF

Morgan Stanley analyst Dara Mohsenian reiterated an Overweight rating on E.L.F. Beauty, Inc. (NYSE:ELF) and raised the price target from $118 to $162. The company posted a 17% revenue, 20% gross profit, and 71% operating profit beat vs. consensus in 1QFY23. ELF continues to gain outsized market share, with shares trading higher by 16.4% at $135.63.

Portfolio Pulse from Shivani Kumaresan

August 04, 2023 | 11:58 am

TEVA

Teva Pharmaceutical Industries Ltd. reported better-than-expected Q2 results and raised its guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:58 am

EXAS

Exact Sciences Corp reported Q2 revenue of $622 million, beating the consensus of $599.03 million. The company also raised its 2023 revenue guidance to $2.441-$2.466 billion. Despite these positive results, Benchmark analyst Bruce Jackson downgraded the rating to 'Hold' due to limited potential for further growth. William Blair analysts maintain an 'Outperform' rating, considering the valuation reasonable.

Portfolio Pulse from Vandana Singh

August 04, 2023 | 11:58 am

SHOO

Telsey Advisory Group analyst Dana Telsey reiterated a Market Perform rating on Steven Madden Ltd (NASDAQ:SHOO) with a price target of $39.00. The company reported 2Q23 adjusted EPS of $0.47, slightly above the consensus estimate. However, revenues declined in both the wholesale and DTC channels. Despite industry headwinds, the analyst sees normalization of supply chain lead times as supportive of SHOO's competitive advantage.

Portfolio Pulse from Shivani Kumaresan

August 04, 2023 | 11:58 am

BCC

Truist Securities analyst Michael Roxland reiterated a Buy rating on Boise Cascade (NYSE:BCC), raising the price target to $129 from $100. Despite a 20% Y/Y slump in Q2 sales, the company's shift to higher-margin EWP products has resulted in strong margin performance. The analyst expects EWP prices to stay well above pre-COVID levels, despite a modest decline in 3Q. Roxland raised the EPS estimates for 2023, 2024, and 2025.

Portfolio Pulse from Nabaparna Bhattacharya

August 04, 2023 | 11:57 am

CCJ

Cameco's shares are trading lower after the company reported its Q2 earnings.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:57 am

CACC

Credit Acceptance Corporation (CACC) shares are trading lower following the release of their Q2 results.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:57 am

SPR

Spirit AeroSystems' Q2 earnings per share (EPS) fell short of expectations, causing its shares to trade lower. The company also announced that the IAM strike will reduce its full-year 737 deliveries to 370-390 units.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:57 am

NVRO

Nevro Corp reported Q2 FY23 revenue of $108.8 million, missing the management guidance and consensus. The company expects Q3 revenues to be down 4%-6% Y/Y, below the consensus. Nevro's FY23 sales are expected to be approximately $410 million-$415 million, compared to previous guidance of $445 million-$455 million. JMP Securities analysts cut the price target for NVRO from $75 to $40. NVRO shares are down 18.90% at $20.01.

Portfolio Pulse from Vandana Singh

August 04, 2023 | 11:57 am

RAD

Rite Aid's stock is trading higher in sympathy with CVS, following CVS's better-than-expected Q2 financial results and FY23 guidance.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:57 am