Streetbeat News

Revenues

WWW

Analysts' ratings for Wolverine World Wide (NYSE:WWW) over the last quarter vary from bullish to bearish. The average 12-month price target has risen by 14.49% to $15.8. Key analysts have adjusted their ratings and price targets, reflecting their response to recent developments. Wolverine World Wide faces challenges with declining revenue, low net margin, and high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

August 08, 2024 | 3:00 pm

EGHT

8x8 shares are trading lower after the company reported worse-than-expected Q1 financial results. Additionally, the company cut its FY25 revenue guidance and issued Q2 revenue guidance below estimates.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 2:56 pm

NXST

WBIF

WBIL

Nexstar Media Group Inc (NASDAQ:NXST) reported Q2 FY24 earnings that fell short of expectations, leading to a 3.30% drop in its stock price. The company saw a 2.3% Y/Y increase in net revenue to $1.269 billion, missing the consensus of $1.297 billion. Advertising revenue rose 2.2% Y/Y, driven by political ads, while distribution revenue gained 5.5% Y/Y. Adjusted EBITDA increased by 18.8% Y/Y, and EPS was $3.54, below the consensus of $4.01. Investors can gain exposure to Nexstar via WBI BullBear Value 3000 ETF (NYSE:WBIF) and WBI BullBear Quality 3000 ETF (NYSE:WBIL).

Portfolio Pulse from Lekha Gupta

August 08, 2024 | 2:48 pm

ACVA

ACV Auctions shares are trading higher after the company reported better-than-expected Q2 financial results and issued Q3 revenue guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 2:46 pm

MTCH

Match Group Inc (NASDAQ:MTCH) experienced volatility after Bumble Inc reported worse-than-expected Q2 revenue results. This has led to concerns about ARPU and churn rates in the online dating industry, potentially impacting Match Group's profitability and revenue projections.

Portfolio Pulse from Henry Khederian

August 08, 2024 | 2:45 pm

PENN

Penn Entertainment, Inc. (NASDAQ:PENN) shares are trading higher after the company reported better-than-expected Q2 EPS, despite missing revenue estimates. The company highlighted record gaming revenue in its Interactive segment and solid retail business performance.

Portfolio Pulse from Erica Kollmann

August 08, 2024 | 2:44 pm

BLNK

Blink Charging Co (NASDAQ:BLNK) shares are trading lower after the company reported worse-than-expected Q2 financial results and lowered its full-year 2024 revenue guidance. The company also updated its timeline to achieve adjusted EBITDA during 2025. Needham analyst Chris Pierce maintained a Buy rating but lowered the price target from $6 to $4.

Portfolio Pulse from Adam Eckert

August 08, 2024 | 2:41 pm

CBSTF

The Cannabist Company Holdings Inc. reported a 3% decline in Q2 revenue year-over-year, with revenue of $125.19 million. Despite the decline, the company reduced its net loss significantly and showed improvements in gross profit, Adjusted EBITDA, and cash from operations. The company is focusing on cost reduction, de-risking the balance sheet, and progressing towards free cash flow generation. Shares closed 1.70% lower at $0.23 per share.

Portfolio Pulse from Nina Zdinjak

August 08, 2024 | 2:41 pm

LLY

Eli Lilly is steadily escalating production at its Research Triangle Park facility and reports that its Concord manufacturing site is progressing well against schedule, according to an executive during a conference call.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 2:40 pm

HOOD

Robinhood's CEO discussed issues with a third-party provider for 24-hour trading but noted that the trading volume exceeded expectations and the rates are resonating well with customers.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 2:39 pm