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CTAS

Cintas Corporation has updated its fiscal year 2024 earnings and revenue forecasts, raising its EPS estimate from $14.35-$14.65 to $14.80-$15.00 and its revenue projection from $9.48B-$9.56B to $9.57B-$9.60B, compared to a consensus estimate of $9.558B.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 12:41 pm

IRBT

LOT

LULU

The article highlights the top 3 consumer discretionary stocks considered oversold based on their Relative Strength Index (RSI) values, suggesting potential for growth this quarter. Lotus Technology Inc. (LOT), iRobot Corporation (IRBT), and Lululemon Athletica Inc. (LULU) are identified as major oversold players in the sector, with RSI values below 30. LOT plans to report financial results on April 8, 2024, IRBT issued Q1 2024 financial expectations, and LULU posted strong Q4 results but gave a weak Q1 forecast.

Portfolio Pulse from Avi Kapoor

March 27, 2024 | 12:40 pm

HOOD

Robinhood Markets Inc (NASDAQ:HOOD) shares rose after announcing the Robinhood Gold Card, offering 3% cash back on all purchases and 5% on travel through its portal, with no annual or foreign transaction fees. The card is exclusive to Robinhood Gold customers and rewards can be used for various purposes including investment. The announcement was made at the 'Robinhood Presents' event, which also featured a Robinhood app redesign. This move is part of Robinhood's ongoing expansion in personal finance.

Portfolio Pulse from Adam Eckert

March 27, 2024 | 12:38 pm

CTAS

Cintas (NASDAQ:CTAS) reported Q3 2024 earnings of $3.84 per share, surpassing the $3.59 estimate, with sales of $2.406B also beating the $2.386B estimate. This represents a 9.86% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 12:38 pm

LMFA

LM Funding announced it has regained compliance with Nasdaq's listing requirements, avoiding potential delisting.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 12:35 pm

BWMN

Bowman Consulting Group Ltd (NASDAQ:BWMN) shares plummeted after announcing the pricing of its public offering at $34.00 per share, a 14% discount to its closing price on March 26, 2024. The offering includes 1.32 million shares from the company and 147,058 shares from key executives, aiming to raise approximately $45.0 million for corporate purposes, including expansion and debt repayment. The offering, managed by BofA Securities and Baird, is expected to close on April 1, 2024.

Portfolio Pulse from Shivani Kumaresan

March 27, 2024 | 12:30 pm

SAVE

Barclays analyst Brandon Oglenski has reinstated Spirit Airlines (NYSE:SAVE) with an Underweight rating and set a price target of $4.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 12:29 pm

ACN

AZO

SCS

WDAY

Insiders at Workday, AutoZone, Accenture, and Steelcase have recently sold shares, indicating potential concerns or views of overvaluation. Workday's insider sold shares after announcing financial results and an acquisition. AutoZone's sale followed an analyst's price target increase. Accenture's COO sold shares after mixed quarterly results, and Steelcase's COO sold shares following mixed financial results and weak revenue guidance.

Portfolio Pulse from Avi Kapoor

March 27, 2024 | 12:24 pm

AGI

Alamos Gold Inc. (AGI) has announced its plan to acquire Argonaut Gold Inc. through a court-approved plan of arrangement. Each Argonaut share will be exchanged for 0.0185 Alamos shares and 1 share of SpinCo2, valuing Argonaut at approximately US$325 million. This deal represents a 34% premium based on the closing prices of both companies on the TSX as of March 26, 2024, and a 41% premium based on their 20-day volume-weighted average prices. Alamos is expected to issue around 20.3 million common shares, equating to an equity value of about US$276 million and an enterprise value of US$516 million.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 12:22 pm

JBLU

Barclays analyst Brandon Oglenski reinstated JetBlue Airways (JBLU) with an Underweight rating and set a price target of $6.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 12:20 pm