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BOWL

Bowlero Corp. (NYSE:BOWL) reported Q3 sales and earnings that missed market expectations, with shares falling 10.3% to close at $11.20. The company's GAAP earnings were 13 cents per share, below the expected 26 cents, and sales were $337.670 million, missing estimates by nearly $3.744 million. Despite a slow start to Q3 FY24 due to weather, Bowlero saw positive trends post the initial weeks, including the successful opening of Lucky Strike Miami. The company anticipates revenues and adjusted EBITDA at the lower end of its FY24 guidance. Analysts from Oppenheimer and Stifel have lowered their price targets on Bowlero following these results.

Portfolio Pulse from Avi Kapoor

May 07, 2024 | 1:07 pm

VNDA

Future Pak has raised its acquisition offer for Vanda Pharmaceuticals to include Contingent Value Rights (CVRs) along with a cash offer of $7.25-$7.75 per share. The total value of the offer now stands at $11.62-$12.12 per share.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 1:03 pm

ALGT

Allegiant Travel (ALGT) reported Q1 2024 adjusted EPS of $0.57, surpassing the $0.50 estimate, with sales of $656.4M exceeding the $644.274M forecast. This represents a 1.03% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 1:02 pm

SIBN

Analysts have provided diverse opinions on SI-BONE (NASDAQ:SIBN) with 6 recent ratings ranging from bullish to bearish. The average 12-month price target is $25.67, reflecting a slight increase from the previous $25.33. SI-BONE, a medical device company, shows a positive revenue trend with a growth rate of 21.61% as of December 31, 2023, but struggles with a net margin of -28.26% and an ROA of -4.76%. The company's financial health is indicated by an exceptional ROE of -6.4% and a low debt-to-equity ratio of 0.23.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 1:00 pm

EVER

EverQuote (NASDAQ:EVER) was analyzed by 5 analysts, showing a shift towards bullish ratings with an average 12-month price target of $25.8, up 45.35% from $17.75. Recent analyst actions include upgrades and new price targets, reflecting optimism about the company's market performance despite a -36.92% revenue decline and strong financial metrics like net margin and ROE.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 1:00 pm

NKLA

Nikola shares are trading lower due to worse-than-expected Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 12:58 pm

KVUE

Kenvue shares have experienced an increase in their trading value after the company reported financial results for the first quarter that surpassed expectations.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 12:57 pm

AAPL

The article discusses the technical analysis of Apple Inc. (AAPL) from short-term, medium-term, and long-term perspectives, highlighting recent price movements and momentum indicators. It notes AAPL's rebound after an earnings release that mixed weaker iPhone sales with the announcement of a significant buyback, pushing the stock above its 200-day moving average. The medium-term view is neutral until a break above the previous high, while the long-term outlook remains strong, with the stock consistently rebounding from its 150-week moving average.

Portfolio Pulse from David Keller

May 07, 2024 | 12:52 pm

AAPL

Apple shares are trading higher after a report indicated the company is developing AI chips for data centers.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 12:52 pm

SNCY

Sun Country Airlines has revised its Q2 revenue expectations to $255M-$265M, which is below the estimated $286.281M.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 12:52 pm