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OLLI

Ollie's Bargain Outlet Holdings reported Q1 FY23 sales growth of 12.9% YoY to $459.15 million, beating the consensus of $451.35 million. Comparable store sales increased 4.5%. The company raised its FY23 outlook, with net sales expected to reach $2.052-$2.067 billion and adjusted EPS of $2.56-$2.65.

Portfolio Pulse from Nabaparna Bhattacharya

June 07, 2023 | 2:47 pm

CBRL

Cracker Barrel Old (NASDAQ:CBRL) reported Q3 earnings of $13.97 million, a 54.19% increase from Q2, but sales dropped 10.83% to $832.69 million. The company posted a return on capital employed (ROCE) of 0.03%, indicating effective capital allocation. However, Q3 earnings per share of $1.21 did not meet analyst predictions of $1.34.

Portfolio Pulse from Benzinga Insights

June 07, 2023 | 2:47 pm

CNM

Core & Main (NYSE:CNM) reported Q1 earnings of $133 million, a 58.33% increase from the previous quarter, and sales of $1.57 billion, a 14.56% increase since Q4. The company posted a return on capital employed (ROCE) of 0.06%, indicating effective capital allocation.

Portfolio Pulse from Benzinga Insights

June 07, 2023 | 2:46 pm

ABM

ABM Industries (NYSE:ABM) reported a 34.81% increase in earnings to $51.90 million in Q2, while sales decreased by 0.37% to $1.98 billion. The company posted a return on capital employed (ROCE) of 0.03%, indicating effective capital allocation.

Portfolio Pulse from Benzinga Insights

June 07, 2023 | 2:46 pm

ERC

Friday is the last day for investors to buy Allspring Multi-Sector (AMEX:ERC) shares to be eligible for the next dividend payout of 6.54 cents per share. The stock will go ex-dividend on Monday, and the dividend will be paid out on July 3, 2023.

Portfolio Pulse from Benzinga Insights

June 07, 2023 | 2:45 pm

CMRE

GRIN

NETI

PANL

RYI

Five notable value stocks in the industrials sector have been identified: Costamare (CMRE), Pangaea Logistics Solns (PANL), Grindrod Shipping Hldgs (GRIN), Eneti (NETI), and Ryerson Holding (RYI). These stocks have low P/E multiples, indicating potential undervaluation. However, investing in value stocks carries the risk that their undervalued position may not rebound.

Portfolio Pulse from Benzinga Insights

June 07, 2023 | 2:41 pm

CVE

Cenovus Energy (NYSE:CVE) has restarted over 70% of production impacted by wildfires in May. Goldman Sachs upgraded the stock from Neutral to Buy and raised the price target from $20 to $22, citing imminent catalysts from the restart of Superior and Toledo refineries.

Portfolio Pulse from Priya Nigam

June 07, 2023 | 2:40 pm

SPY

UNG

USO

The EIA reported a weekly distillates stocks build of 5.075 million, significantly higher than the estimated 1.328 million and the prior week's build of 0.985 million.

Portfolio Pulse from Happy Mohamed

June 07, 2023 | 2:40 pm

USO

USA crude oil inventories reported a draw of 0.451 million barrels, compared to an estimated build of 1.022 million barrels and a prior build of 4.488 million barrels.

Portfolio Pulse from Happy Mohamed

June 07, 2023 | 2:40 pm

BEPC

CWEN

ENIC

GNE

PAM

Benzinga Insights has identified five value stocks in the utilities sector with low P/E multiples: Brookfield Renewable (BEPC), Clearway Energy (CWEN), Enel Chile (ENIC), Genie Energy (GNE), and Pampa Energia (PAM). The list is based on quantified analysis and aims to provide investors with additional insight into the sector.

Portfolio Pulse from Benzinga Insights

June 07, 2023 | 2:38 pm