Streetbeat News

Earnings

WY

Weyerhaeuser (NYSE:WY) reported Q2 earnings of $0.32 per share, beating the analyst consensus estimate of $0.21 by 52.38%. However, this is a 69.81% decrease from the same period last year. The company's quarterly sales of $2.00 billion met the analyst consensus estimate, but this is a 32.83% decrease from last year.

Portfolio Pulse from Happy Mohamed

July 27, 2023 | 9:57 pm

MTD

Mettler-Toledo has reduced its FY23 adjusted EPS forecast from $43.65-$43.95 to $40.30-$41.20, which is below the estimated $43.39.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 9:55 pm

MTD

Mettler-Toledo International Inc. (MTD) has projected a decline in local currency sales for Q3 by 3%-4%. The company also expects an adjusted EPS of $9.55-$9.85, which is lower than the estimated $11.42.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 9:51 pm

PVBC

Provident Bancorp reported Q2 earnings of $0.21 per share, beating the analyst consensus estimate of $0.15 by 40%. However, the company's quarterly sales of $16.60 million missed the analyst consensus estimate of $18.30 million by 9.27%. This represents a 36.36% decrease in earnings and a 17.63% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 9:47 pm

HUBG

Hub Group has revised its 2023 EPS outlook downwards from $6.00-$7.00 to $5.80-$6.40, against an estimated $6.26. The company also reduced its revenue forecast from $4.6B-$4.8B to $4.3B-$4.5B, compared to an estimated $4.64B.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 9:44 pm

FRST

Primis Finl (NASDAQ:FRST) reported Q2 earnings per share of $(0.01), missing the analyst consensus estimate of $0.25 by 104%. This is a 105% decrease from the same period last year. However, the company's quarterly sales of $34.64 million beat the analyst consensus estimate of $26.82 million by 29.17%, a 27.20% increase from the same period last year.

Portfolio Pulse from sunil@benzinga.com

July 27, 2023 | 9:42 pm

DECK

Deckers Brands has increased its FY24 net sales outlook from $3.950B to $3.980B, slightly below the estimated $4B. The company also raised its EPS forecast from $21.10-$21.60 to $21.75-$22.25, which is in line with the estimated $22.21.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 9:37 pm

EVBN

Evans Bancorp reported Q2 earnings of $0.90 per share, beating the analyst consensus estimate of $0.64 by 40.63%. However, the company's quarterly sales of $20.38 million missed the analyst consensus estimate of $20.40 million by 0.09%. This represents a 12.62% decrease in earnings and a 10.07% decrease in sales compared to the same period last year.

Portfolio Pulse from sunil@benzinga.com

July 27, 2023 | 9:36 pm

ALEX

Alexander & Baldwin (NYSE:ALEX) reported Q2 earnings of $0.15 per share, missing the analyst consensus estimate of $0.30 by 50%. However, the company's quarterly sales of $53.10 million beat the estimate of $48.90 million by 8.59%. Compared to the same period last year, earnings increased by 200% and sales increased by 3.91%.

Portfolio Pulse from sunil@benzinga.com

July 27, 2023 | 9:33 pm

COUR

SNBR

UFAB

In Thursday's after-market session, several consumer discretionary stocks saw significant movement. Gainers included Unique Fabricating (UFAB), Coursera (COUR), Beachbody Co (BODY), Smart Share Glb (EM), BJ's Restaurants (BJRI), and Jakks Pacific (JAKK). Losers included Sleep Number (SNBR), Ambow Education Holding (AMBO), Sweetgreen (SG), Lottery.com (LTRY), Noodles (NDLS), and F45 Training Holdings (FXLV). Q2 earnings were released for several companies.

Portfolio Pulse from Benzinga Insights

July 27, 2023 | 9:32 pm