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DBI

Designer Brands forecasts FY24 net sales growth in the low-single digits and expects EPS to be between $0.70 and $0.80, surpassing the estimated $0.66.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 10:51 am

CAMP

LUNA

MEI

The article highlights three oversold tech stocks with potential for significant gains: CalAmp Corp. (CAMP), Luna Innovations Incorporated (LUNA), and Methode Electronics, Inc. (MEI). These stocks are considered oversold based on their Relative Strength Index (RSI) values, indicating a buying opportunity. CalAmp announced a reverse stock split, Luna Innovations delayed its financial results release, and Methode Electronics reported disappointing financial results and suspended guidance.

Portfolio Pulse from Avi Kapoor

March 21, 2024 | 10:50 am

SCVL

Shoe Carnival reported Q4 adjusted EPS of $0.59, meeting analyst estimates but marking a 25.32% decrease from last year. Sales of $280.17M slightly missed estimates by 0.04%, also down 3.65% from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 10:49 am

ACN

Accenture has adjusted its fiscal 2024 outlook, expecting Q3 revenue of $16.25B-$16.85B, below the $17.01B estimate. The FY24 revenue growth forecast is revised to 1%-3% from 2%-5%, with adjusted EPS expected to be $11.97-$12.20, slightly below the $12.24 estimate. The company anticipates a GAAP operating margin of 14.8% and an adjusted operating margin of 15.5%. GAAP diluted EPS is forecasted to be $11.41-$11.64, and the firm plans to return at least $7.7 billion to shareholders.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 10:49 am

DBI

Designer Brands Inc. reported a total comparable sales decrease of 7.3%. This indicates a downturn in the company's sales performance, which could potentially impact its financial health and stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 10:49 am

ACN

Accenture's stock is trading lower due to mixed financial results for the second quarter.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 10:49 am

AMAT

AMD

AVGO

INTC

KLAC

LRCX

MU

NVDA

ON

TSM

Semiconductor stocks are trading higher following Micron's announcement of better-than-expected Q2 financial results and strong Q3 guidance. This positive news from Micron has had a sympathetic impact on the broader semiconductor sector.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 10:48 am

DBI

Designer Brands (NYSE:DBI) reported Q4 adjusted losses of $(0.44) per share, beating estimates of $(0.47), and sales of $754.35M, surpassing estimates of $747.35M. This represents a 728.57% decrease in earnings and a 0.81% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 10:48 am

TITN

Titan Machinery (NASDAQ:TITN) reported Q4 sales of $852.13M, surpassing the $724.20M estimate by 17.67% and marking a 46.17% increase from the previous year's $582.98M.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 10:46 am

CMC

Commercial Metals (NYSE:CMC) reported Q2 adjusted EPS of $0.88, surpassing the $0.73 estimate, with sales of $1.85B also beating the $1.80B estimate. However, this represents a 38.89% decrease in EPS and an 8.42% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 10:46 am