Streetbeat News

Earnings

BSET

ETD

HVT

KSS

MDC

The article lists five consumer stocks that are considered overbought and could potentially negatively impact portfolios in Q3. These include Kohl's Corporation (KSS), Ethan Allen Interiors Inc. (ETD), M.D.C. Holdings, Inc. (MDC), Bassett Furniture Industries, Incorporated (BSET), and Haverty Furniture Companies, Inc. (HVT). All these companies have reported their recent financial results and their stocks have Relative Strength Index (RSI) values above 70, indicating they are overbought.

Portfolio Pulse from Lisa Levin

August 01, 2023 | 1:10 pm

AGRI

AMSC

CYBN

POL

TTI

YELL

Several stocks experienced significant pre-market trading movements. Notable gainers include American Superconductor Corporation (AMSC), AgriFORCE Growing Systems Ltd. (AGRI), and TETRA Technologies, Inc. (TTI), which surged due to upcoming earnings reports and better-than-expected results. On the other hand, Polished.com Inc. (POL), Cybin Inc. (CYBN), and Yellow Corporation (YELL) fell due to restated financial statements, public offering of units, and bankruptcy preparations respectively.

Portfolio Pulse from Lisa Levin

August 01, 2023 | 12:57 pm

NCLH

Norwegian Cruise Line Holdings (NCLH) has projected its FY23 adjusted EBITDA to be between $1.85 and $1.95.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 12:54 pm

NCLH

Norwegian Cruise Line Holdings (NCLH) has projected its FY23 adjusted EPS to be approximately $0.80, slightly higher than the estimated $0.78.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 12:52 pm

EPD

Enterprise Products Partners L.P. (NYSE:EPD) reported Q2 2023 sales of $10.65 billion, missing the consensus of $12.69 billion. Adjusted EBITDA fell to $2.17 billion from $2.42 billion in the prior year quarter. EPS of $0.57 missed the consensus of $0.59. The company's performance was affected by a 48% decline in NGL prices, a fall in EFS Midstream System revenues, and weak sales margins and volumes in the propylene and octane enhancement businesses. The company bought 2.9 million common shares in the open market for around $75 million.

Portfolio Pulse from Lekha Gupta

August 01, 2023 | 12:44 pm

CNK

Cinemark Holdings, Inc. has reported its highest-grossing month in company history for July 2023, attributing the success to a range of compelling film releases and the company's strategic initiatives. The company's President and CEO, Sean Gamble, stated that the record-setting result validates the strong consumer demand for theatrical moviegoing. The company expects to continue this trend with a lineup of captivating films for the rest of the year.

Portfolio Pulse from Happy Mohamed

August 01, 2023 | 12:42 pm

NSP

Insperity has lowered its FY23 guidance, now expecting an adjusted EPS of $4.35-$5.32, down from the previous estimate of $5.62-$6.39. This is also lower than the consensus estimate of $5.97. The company also expects a 3Q23 adjusted EPS of $0.69-$1.14, compared to the consensus estimate of $1.11.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 12:41 pm

UBER

Uber Technologies, Inc reported Q2 FY23 revenue growth of 14% YoY to $9.23 billion, slightly missing the consensus of $9.32 billion. Revenue from Mobility grew to $4.89 billion (+38% YoY), Delivery was $3.06 billion (+14% YoY), and Freight at $1.40 billion (-23% YoY). Uber's adjusted EPS of $0.02 beat the consensus loss of $(0.01). Uber expects Q3 Gross Bookings of $34.0 billion - $35.0 billion and Adjusted EBITDA of $0.975 billion - $1.025 billion.

Portfolio Pulse from Anusuya Lahiri

August 01, 2023 | 12:39 pm

SYY

Sysco (NYSE:SYY) reported Q4 earnings of $1.34 per share, beating the analyst consensus estimate of $1.33 by 0.75 percent. This is a 16.52 percent increase from last year. However, the company's quarterly sales of $19.73 billion missed the analyst consensus estimate of $19.85 billion by 0.61 percent, a 4.07 percent increase from last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 12:39 pm

MOFG

MidWestOne Financial Gr (NASDAQ:MOFG) reported Q2 earnings of $0.48 per share, missing the analyst consensus estimate of $0.71 by 32.39%. This is a 40% decrease from the same period last year. The company also reported quarterly sales of $36.96 million, missing the analyst consensus estimate of $48.85 million by 24.34%, a 6.96% decrease from the same period last year.

Portfolio Pulse from Happy Mohamed

August 01, 2023 | 12:37 pm