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WSM

Williams-Sonoma has revised its FY23 guidance, expecting a revenue decline of 5%-10% versus its prior guidance of -3% to +3%. The company also anticipates an operating margin of 15%-16%. Despite this, it still expects mid-to-high single-digit annual net revenue growth with an operating margin above 15% in the long term.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 1:07 pm

ANF

PTON

In Wednesday's pre-market session, several consumer discretionary stocks showed significant movement. Abercrombie & Fitch, ATRenew, Zapp Electric Vehicles, BurgerFi International, Williams-Sonoma, and Allbirds saw gains, while Foot Locker, Peloton Interactive, Esports Entertainment, EBET, Mullen Automotive, and BTC Digital experienced losses. Most companies released their Q2 earnings reports.

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 1:06 pm

CPHI

GRI

ITOS

MNK

During Wednesday's pre-market session, several healthcare stocks saw significant movement. GRI Bio, ITeos Therapeutics, Arcus Biosciences, Apellis Pharmaceuticals, Kiora Pharmaceuticals, and Vaccinex saw increases ranging from 13.68% to 65.7%. Meanwhile, Mallinckrodt, China Pharma Holding, G Medical Innovations, SeqLL, Heart Test Laboratories, and Axcella Health saw decreases ranging from 6.79% to 21.8%.

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 1:06 pm

HLGN

OIG

SIDU

VCIG

During Wednesday's pre-market session, several industrials stocks experienced significant movement. Gainers included VCI Global, Heliogen, Nuburu, SES AI, Astra Space, and Dycom Industries, with increases ranging from 6.88% to 42.8%. Losers included Orbital Infr Gr, Sidus Space, Freight Technologies, Dragonfly Energy Hldgs, Agrify, and Electriq Power Holdings, with decreases ranging from 5.2% to 12.3%.

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 1:06 pm

ALAR

ASTI

IFBD

LEDS

MIGI

RXT

SATX

SVRE

VISL

WAVD

WKEY

The article reports on the movement of 12 Information Technology stocks in Wednesday's pre-market session. Mawson Infra Gr, WISeKey Intl Holding, SemiLEDs, Alarum Technologies, Rackspace Tech, and Saverone 2014 were the gainers, while WaveDancer, Vislink Technologies, Infobird Co, TuanChe, Ascent Solar Technologies, and SatixFy Communications were the losers.

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 1:06 pm

WSM

Williams-Sonoma reported Q2 earnings of $3.12 per share, beating the analyst consensus estimate of $2.71 by 15.13%. However, the company's quarterly sales of $1.86 billion missed the analyst consensus estimate of $1.96 billion by 4.97%. This represents a 19.38% decrease in earnings and a 12.88% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 1:01 pm

SKX

Skechers USA Inc (NYSE:SKX) shares are trading lower by 4.53% due to a revenue miss and lowered guidance by Foot Locker Inc, a major distributor of Skechers' products. Foot Locker's performance may reflect the overall health of the athletic footwear retail market, potentially indicating weaker consumer demand. Foot Locker's stock is slumping more than 30% following its Q2 results and lowered 2023 sales and earnings guidance.

Portfolio Pulse from Henry Khederian

August 23, 2023 | 1:01 pm

GMS

GMS (NYSE:GMS) has received mixed analyst ratings in the last quarter, with 1 bullish, 1 somewhat bullish, and 2 indifferent ratings. The average price target is $76.0, indicating an upside from the current price of $68.23. The average price target has increased by 23.24% over the past month.

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 1:01 pm

Over the last quarter, Southern (NYSE:SO) has received mixed analyst ratings. In the last 3 months, 8 analysts have offered 12-month price targets for Southern, with an average price target of $69.5, up by 9.45% from the previous average price target of $63.50. Analysts arrive at their conclusions by predicting a company's future earnings and the predictability of its revenue streams.

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 1:00 pm

MTSI

Over the past 3 months, 6 analysts have published their opinion on MACOM Technology Solns (NASDAQ:MTSI) stock, with an average price target of $80.0 versus the current price of $77.63. The average price target has increased by 20.75% over the past month. The analysts' ratings are evenly split between bullish, somewhat bullish, and indifferent.

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 1:00 pm