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VRA

Vera Bradley projects its FY25 revenue to be between $460M and $480M, which is below the estimated $490.32M. Additionally, the company forecasts EPS to range from $0.54 to $0.62, also falling short of the expected $0.7.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 12:08 pm

SWIM

B of A Securities analyst Rafe Jadrosich downgraded Latham Group (NASDAQ:SWIM) from Buy to Underperform and reduced the price target from $4.5 to $2.6, indicating a negative outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 12:06 pm

AADI

Aadi Bioscience reported Q4 GAAP EPS of $(0.60), surpassing the $(0.65) estimate, and sales of $6.33M, slightly above the $6.29M estimate. This represents a decrease in losses per share but an increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 12:03 pm

OCC

Optical Cable Corporation (OCC) reported a significant decrease in its Q1 earnings, with a loss of $(0.18) per share compared to a profit of $0.10 per share year-over-year. Sales also decreased by 18.75% to $14.86 million from $18.28 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 12:01 pm

ADTH

AdTheorent Holding (NASDAQ:ADTH) has been analyzed by 4 analysts, showing a positive shift in sentiment with 3 bullish and 1 somewhat bullish ratings. The average 12-month price target has increased by 26.86% to $4.44, with a high estimate of $7.00 and a low of $3.00. The company's financial overview highlights a market cap below industry averages, a revenue growth rate of 8.8%, and challenges in profitability and asset utilization. AdTheorent focuses on performance-first, privacy-forward digital advertising, primarily in the US.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 12:00 pm

BILL

BILL Holdings (NYSE:BILL) has received mixed analyst ratings over the past three months, with a shift towards a more bearish sentiment. The average 12-month price target for BILL Holdings is $85.38, slightly decreased by 0.26%. Analysts from firms like Exane BNP Paribas, Citigroup, JP Morgan, Wells Fargo, Needham, and Piper Sandler have updated their ratings and price targets, reflecting changes in market dynamics and company performance. BILL Holdings, a provider of cloud-based payment solutions, has shown a revenue growth of 22.5% as of December 31, 2023, but struggles with profitability and efficiency, indicated by its net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 12:00 pm

RCL

Royal Caribbean Gr (NYSE:RCL) has received diverse analyst ratings over the last three months, with a total of 10 analysts offering evaluations ranging from bullish to bearish. The average 12-month price target for RCL is $151.8, marking an 11.16% increase from the previous target of $136.56. Analysts have adjusted their ratings and price targets based on market conditions and company performance, reflecting a positive outlook on RCL's financial health, including a revenue growth rate of 27.96% and an impressive net margin of 8.32%. Royal Caribbean operates 65 ships across five brands and has shown substantial market capitalization and financial performance above industry averages.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 12:00 pm

TSLA

Tesla Inc. (NASDAQ:TSLA) shares are down over 2% in pre-market trading after Wells Fargo downgraded the stock from Equal Weight to Underweight and slashed the price target from $200 to $125, citing concerns over disappointing deliveries, more price cuts, and potential negative EPS revisions. Analysts predict flat sales volumes in 2024 and a decline in 2025, along with lower lease residuals and a potential loss of the luxury brand premium. Tesla bull Gary Black of Future Fund warned about potential downward revision of delivery estimates, suggesting the current consensus estimate of 474,000 units for Q1 is too high and models a lower figure of 425,000 units.

Portfolio Pulse from Shanthi Rexaline

March 13, 2024 | 11:55 am

ADDYY

Adidas AG (OTC:ADDYY) reported a 2% decline in currency-neutral revenues for Q4 FY23, with a notable 8% decline in euro terms due to unfavorable currency movements and the absence of Yeezy business. Despite these challenges, footwear sales rose 8%, driven by growth in Originals and Skateboarding. The company faced a 21% sales decrease in North America but saw a 37% increase in Greater China. Adidas anticipates mid-single-digit sales growth in FY24, despite inventory and currency challenges, and expects an operating profit of around €500 million.

Portfolio Pulse from Shivani Kumaresan

March 13, 2024 | 11:54 am

AAPL

GOOG

SPOT

Spotify Technology SA (NYSE:SPOT) is rolling out a beta version of music videos for premium users in 11 markets, featuring artists like Ed Sheeran and Doja Cat. This move, aimed at enhancing user engagement, follows similar offerings by Alphabet Inc.'s (NASDAQ:GOOG) YouTube Music. Spotify's initiative comes amid a subscription fee increase in France due to a new tax and a recent antitrust win against Apple Inc. (NASDAQ:AAPL). Spotify's shares saw a slight decrease of 0.18% to close at $257.62.

Portfolio Pulse from Rounak Jain

March 13, 2024 | 11:52 am