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Brown-Forman’s Upcoming Q4 Earnings Preview

2023-06-06 11:04:00

<p>RBC Capital analysts shared their outlook on <a href='https://financialmodelingprep.com/financial-summary/BF-B'>Brown-Forman (NYSE:BF-B)</a> ahead of the company’s Q4/23 earnings announcement, expecting organic growth of (1.5%), compared to the Street estimate of (0.7%), and EPS of $0.40, compared to the Street estimate of ($0.43). </p> <p>A slight decline in organic sales is because the company lapsed more than 20% organic growth in the back half of 2022, as it was in the early stages of rebuilding global inventories following glass supply chain issues.</p> <p>For fiscal 2024, the analysts expect an on-algorithm guide with mid-single-digit organic growth and high-single-digit or better organic operating growth. The analysts reiterated their Sector Perform rating and $66 price target on the stock.</p>

NYSE:BF-B

https://financialmodelingprep.com/market-news/fmp-brown-forman’s-upcoming-q4-earnings-preview-

Davit Kirakosyan

Financial Modeling Prep

SentinelOne Stock Plummets 35% Following Disappointing Outlook

2023-06-05 13:49:00

<p><a href='https://financialmodelingprep.com/financial-summary/S'>SentinelOne (NYSE:S)</a> shares plummeted more than 35% on Friday after the company reported its Q1 results and guidance, which disappointed investors.</p> <p>Q1 EPS came in at ($0.15), better than the Street estimate of ($0.17), and revenue of $133.4 million, compared to the Street estimate of $136.62 million.</p> <p>Management stated that the sizes of deals, sales cycles, and rates of pipeline conversion are still being affected by macroeconomic pressures.</p> <p>For Q2/24, the company expects revenue to be $141 million, missing the Street estimate of $151.9 million. For the full year, the company sees revenue at $590-$600 million, worse than the Street estimate of $638.5 million.</p>

NYSE:S

https://financialmodelingprep.com/market-news/fmp-sentinelone-stock-plummets-35-following-disappointing-outlook

Davit Kirakosyan

Financial Modeling Prep

Mate Price Target Raised as AI is Expected to Drive Outperformance

2023-06-05 13:46:00

<p>Oppenheimer analysts increased their price target to $350 (previously $285) and reaffirmed their Outperform rating on <a href='https://financialmodelingprep.com/financial-summary/META'>Meta Platforms, Inc. (NASDAQ:META)</a>, noting they believe the company is well positioned to generate higher pricing and engagement through its investments in AI. </p> <p>These investments have been the primary driver behind the company's superior performance compared to the digital advertising market in Q1/2023, and analysts expect this trend to continue until 2024. </p> <p>Meta offers Advantage+ ads powered by AI, along with other ad tools through AI Sandbox, which can modify text, images, and backgrounds. Notably, in Q1/23, the company’s ad revenue surpassed that of its competitors for the first time since Q2/21.</p> <p>Furthermore, the analysts view AI as an opportunity for Meta to expand its Total Addressable Market (TAM) into e-commerce marketplaces and small and medium-sized business (SMB) customer support.</p>

NASDAQ:META

https://financialmodelingprep.com/market-news/fmp-mate-price-target-raised-as-ai-is-expected-to-drive-outperformance

Davit Kirakosyan

Financial Modeling Prep

Estee Lauder Downgraded at Oppenheimer, Shares Fall 2%

2023-06-05 13:44:00

<p>Oppenheimer analysts downgraded <a href='https://financialmodelingprep.com/financial-summary/EL'>Estee Lauder (NYSE:EL)</a> to Perform from Outperform and removed their previous $250 price target on the stock. Shares fell more than 2% intra-day today.</p> <p>The analysts shared their insights regarding the company's recent report in early May, developments in the consumer and beauty sectors, and the downward trend in shares. The analysts emphasized that after revisiting their investment views on Estee Lauder, they now perceive a less favorable risk/reward scenario.</p> <p>The analysts acknowledged the challenges in foreseeing the shares outperforming current levels due to aggressive Street estimates, a historically premium valuation, and the potential for conservative management guidance in August.</p> <p>The analysts concluded that Estee Lauder no longer embodies a "beat and raise" narrative, suggesting an increased risk to the company's premium multiple.</p>

NYSE:EL

https://financialmodelingprep.com/market-news/fmp-estee-lauder-downgraded-at-oppenheimer-shares-fall-2

Davit Kirakosyan

Financial Modeling Prep

Walmart’s Review Following Analysts Day & Shareholder Meeting

2023-06-05 13:42:00

<p>Oppenheimer analysts provided a review on <a href='https://financialmodelingprep.com/financial-summary/WMT'>Walmart Inc. (NYSE:WMT)</a> after attending the analyst event and shareholder meeting. According to the analysts, their confidence in WMT's top-pick ranking and its ability to outperform the retail industry in a challenging environment was reinforced. </p> <p>Their key takeaways include: management's confidence in driving operating income faster than sales, the company's thriving ecosystem encompassing e-commerce, retail media, and productivity efforts, successful US store remodels with potential for growth and efficiency, the company's technological leadership showcased through the Bentonville MC Supercenter and drone delivery, and management's assurance in price leadership and readiness to respond to competition.</p>

NYSE:WMT

https://financialmodelingprep.com/market-news/fmp-walmart’s-review-following-analysts-day-&-shareholder-meeting

Davit Kirakosyan

Financial Modeling Prep

Microsoft’s Price Target Raised on Expected Azure Growth

2023-06-05 09:36:00

<p>Bernstein increased the price target for <a href='https://financialmodelingprep.com/financial-summary/MSFT'>Microsoft (NASDAQ:MSFT)</a> from $342 to $380 per share, citing anticipated growth in Azure. </p> <p>The analysts emphasize the significant market opportunity in the Software/Cloud/Internet sector, particularly in the hyperscale market, which is estimated to be worth over $1 trillion. They also highlighted Microsoft's management's expectation that AI services will contribute approximately 1% to Azure's incremental growth in the next quarter, considering this to be a substantial figure. </p> <p>The analysts suggest that the demand for AI, particularly following the GPT announcements, will be a major driver for Azure, potentially surpassing Google as the leader in AI capabilities. They added that this trend could significantly contribute to Azure's long-term revenue growth.</p>

NASDAQ:MSFT

https://financialmodelingprep.com/market-news/fmp-microsoft’s-price-target-raised-on-expected-azure-growth-

Davit Kirakosyan

Financial Modeling Prep

GitLab’s Upcoming Q1 Earnings Preview

2023-06-05 09:31:00

<p>RBC Capital analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/GTLB'>GitLab Inc. (NASDAQ:GTLB)</a> ahead of the upcoming Q1/24 earning results, scheduled on June 6.</p> <p>The analysts expect the company to report a slight upside to Street expectations despite a tougher macro. Last quarter management noted the spending environment deteriorated in December and January resulting in lower NRR along with an uptick in contractions and churn. The analysts expect this to continue in Q1/24, though they note that guidance seems appropriately conservative as management factored in H2/24 macro headwinds and has taken more prudent assumptions around customer adds, churn, NRR, and the price increase.</p> <p>While the macro environment appears to be in line to slightly worse than 90 days ago, the analysts think that much of the headwinds have been factored into the guide, which points to 25% 2024 revenue growth as well as a guidance philosophy that factored in a wider range of outcomes.</p>

NASDAQ:GTLB

https://financialmodelingprep.com/market-news/fmp-gitlab’s-upcoming-q1-earnings-preview

Davit Kirakosyan

Financial Modeling Prep

MongoDB Stock Jumps 28% After Strong Q1 Beat

2023-06-02 19:15:00

<p><a href='https://financialmodelingprep.com/financial-summary/MDB'>MongoDB (NASDAQ:MDB)</a> shares surged more than 28% on Friday after the company released its Q1 earnings, with EPS of $0.56 coming in above the Street estimate of $0.18. Revenue was $368.3 million, compared to the Street estimate of $347.67 million.</p> <p>Management pointed to existing workload consumption above expectations, coupled with stronger new business trends including record new workloads from existing customers.</p> <p>Management anticipates Q2/24 EPS to be in the range of $0.43-$0.46, above the Street estimate of $0.14, and revenue in the range of $388-$392 million, compared to the Street estimate of $361.59 million.</p> <p>For the full 2024 year, management sees EPS at $1.42-$1.56, above the Street estimate of $1.03, and revenue at $1.522-$1.524 billion, compared to the Street estimate of $1.51 billion.</p>

NASDAQ:MDB

https://financialmodelingprep.com/market-news/fmp-mongodb-stock-jumps-28-after-strong-q1-beat

Davit Kirakosyan

Financial Modeling Prep

Elastic Reports Q4 Beat, Provides Guidance

2023-06-02 19:13:00

<p><a href='https://financialmodelingprep.com/financial-summary/ESTC'>Elastic (NYSE:ESTC)</a> reported its Q4 earnings results, with EPS coming in at $0.22, above the Street estimate of $0.09. Revenue was $280 million, beating the Street estimate of $277.63 million.</p> <p>Profitability outperformed while Elastic Cloud revenue missed expectations due to sluggish consumption trends as customers optimize cloud usage.</p> <p>For Q1/24, management anticipates EPS to be in the range of $0.10-$0.12, compared to the Street estimate of $0.13, and revenue in the range of $283-$286 million, compared to the Street estimate of $285.85 million.</p> <p>For the full year, the company sees EPS at $0.94-$1.06, compared to the Street’s $0.89, and revenue at $1.238-$1.25 billion, compared to the Street’s $1.25 billion.</p>

NYSE:ESTC

https://financialmodelingprep.com/market-news/fmp-elastic-reports-q4-beat-provides-guidance-

Davit Kirakosyan

Financial Modeling Prep

Zscaler Gains 5% on Better Than Expected Q3 Earnings

2023-06-02 19:11:00

<p><a href='https://financialmodelingprep.com/financial-summary/ZS'>Zscaler (NASDAQ:ZS)</a> shares rose more than 5% on Friday following the company’s reported Q3 earnings results, with EPS of $0.48 coming in above the Street estimate of $0.42. Revenue was $418.8 million, compared to the Street estimate of $411.72 million. Results were driven by broad-based execution across geos and sectors as well as a strong quarter for Federal.</p> <p>Management anticipates Q4/23 EPS of $0.49, above the Street estimate of $0.47, and revenue in the range of $429-$431 million, compared to the Street estimate of $426.9 million.</p> <p>For the full 2023 year, management sees EPS at $1.63-$1.64, compared to the Street estimate of $1.56, and revenue of $1.591-$1.593 billion, compared to the Street estimate of $1.581 billion.</p>

NASDAQ:ZS

https://financialmodelingprep.com/market-news/fmp-zscaler-gains-5-on-better-than-expected-q3-earnings

Davit Kirakosyan

Financial Modeling Prep

PagerDuty Shares Plunge 17% on Disappointing Guidance

2023-06-02 19:08:00

<p><a href='https://financialmodelingprep.com/financial-summary/PD'>PagerDuty (NYSE:PD)</a> shares dropped more than 17% on Friday after the company reported Q1 earnings results. While EPS of $0.20 beat the estimates and revenue of $103.2 million was in line with expectations, the company’s outlook disappointed investors. </p> <p>Q2/24 EPS is expected to be in the range of $0.10-$0.11, compared to the Street estimate of $0.09, and revenue in the range of $103.5-$105.5 million, compared to the Street estimate of $108.6 million.</p> <p>For the full 2024 year, management sees EPS at $0.60-$0.65, compared to the Street’s $0.44, and revenue at $425-$430 million, compared to the Street’s $448.3 million.</p>

NYSE:PD

https://financialmodelingprep.com/market-news/fmp-pagerduty-shares-plunge-17-on-disappointing-guidance-

Davit Kirakosyan

Financial Modeling Prep

Chewy Stock Surge 21% After Q1 Beat

2023-06-02 11:58:00

<p><a href='https://financialmodelingprep.com/financial-summary/CHWY'>Chewy (NYSE:CHWY)</a> stock jumped more than 21% yesterday after the company reported its Q1 earnings results, with EPS of $0.05 coming in better than the Street estimate of ($0.04). Revenue was $2.78 billion, beating the Street estimate of $2.73 billion.</p> <p>According to the analysts at RBC Capital, solid quarterly results eased investor concerns about category weakness. The analysts expect the top line to re-accelerate as pandemic-related attrition normalizes, and steady margin progress. </p> <p>The analysts revised their 2023/2024 revenue estimates to $11.32 billion/$12.38 billion ($11.22 billion/$12.37 billion prior) and EBITDA margin estimates to 3.1%/4.0% (2.7%/4.0% prior).</p>

NYSE:CHWY

https://financialmodelingprep.com/market-news/fmp-chewy-stock-surge-21-after-q1-beat

Davit Kirakosyan

Financial Modeling Prep

Asana Reports Q1 EPS & Revenue Beat

2023-06-02 11:56:00

<p><a href='https://financialmodelingprep.com/financial-summary/ASAN'>Asana (NYSE:ASAN)</a> reported mixed Q1 results that were marked by the continued deceleration in growth balanced against improving profitability. Most of the earnings call centered on GenAI announcements which were released soon after earnings and led shares up 4% after-hours yesterday.</p> <p>Q1 EPS came in at ($0.09), better than the Street estimate of ($0.18). Revenue was $152.4 million, beating the consensus estimate of $150.58 million.</p> <p>Analysts at RBC Capital said they remain cautious as business fundamentals don't match the current valuation given above-average macro sensitivity and risks associated with the ongoing and dramatic change in financial profile (plus potential disruption from shift to focus on enterprise).</p>

NYSE:ASAN

https://financialmodelingprep.com/market-news/fmp-asana-reports-q1-eps-&-revenue-beat

Davit Kirakosyan

Financial Modeling Prep

Advance Auto Parts Stock Crashes on Weak Q1 Results

2023-06-01 14:58:00

<p><a href='https://financialmodelingprep.com/financial-summary/AAP'>Advance Auto Parts (NYSE:AAP)</a> shares plunged more than 25% yesterday after the company posted very weak Q1 results and revised its 2023 guidance well-below consensus driven by management's expectation for a continued challenging competitive environment.</p> <p>Q1 EPS came in at $0.72, compared to the Street estimate of $2.56. Revenue was $3.4 billion, compared to the Street estimate of $3.43 billion. The company provided its outlook for fiscal 2023, expecting EPS to be in the range of $6.00-$6.50, compared to the Street estimate of $10.64, and revenue in the range of $11.2-11.3 billion, compared to the Street estimate of $11.43 billion.</p>

NYSE:AAP

https://financialmodelingprep.com/market-news/fmp-advance-auto-parts-stock-crashes-on-weak-q1-results

Davit Kirakosyan

Financial Modeling Prep

Okta Stock Plunges 20% Despite Q1 Beat

2023-06-01 14:33:00

<p><a href='https://financialmodelingprep.com/financial-summary/OKTA'>Okta (NASDAQ:OKTA)</a> shares plummeted more than 20% intra-day today despite the company reporting better-than-expected Q1 results. The reason is the deteriorating macros, which worries investors. </p> <p>Q1 EPS was $0.22, better than the Street estimate of $0.12, and revenue of $518 million, compared to the Street estimate of $511.02 million. For Q2/24, the company expects EPS to be in the range of $0.21-$0.22, above the Street estimate of $0.17, and revenue of $533-$535 million, compared to the Street estimate of $527.87 million.</p> <p>For the full 2024 year, the company anticipates EPS of $0.88-$0.93, compared to the Street’s $0.78, and revenue of $2.175-$2.185 billion, compared to the Street’s $2.17 billion.</p>

NASDAQ:OKTA

https://financialmodelingprep.com/market-news/fmp-okta-stock-plunges-20-despite-q1-beat

Davit Kirakosyan

Financial Modeling Prep

Veeva Systems Stock Surges 17% on Q1 Beat

2023-06-01 14:30:00

<p><a href='https://financialmodelingprep.com/financial-summary/VEEV'>Veeva Systems (NYSE:VEEV)</a> shares jumped more than 17% intra-day today after the company reported its Q1 results, with EPS of $0.91 coming in better than the Street estimate of $0.79. Revenue was $526.3 million, beating the Street estimate of $515.86 million.</p> <p>Management reiterated that demand, and underlying KPIs (pipeline, win-rates, collections) remain consistent despite macro uncertainties. Management expects early customers to be live on Vault CRM and the Compass suite by next year.</p> <p>For Q2/24, the company expects EPS to be in the range of $1.12-$1.13, compared to the Street estimate of $1.07, and revenue in the range of $580-$582 million, compared to the Street estimate of $580.31 million.</p> <p>For the full year, the company expects EPS of $4.59, compared to the Street’s $4.32, and revenue of $2.36-$2.37 billion, compared to the Street’s $2.36 billion.</p>

NYSE:VEEV

https://financialmodelingprep.com/market-news/fmp-veeva-systems-stock-surges-17-on-q1-beat

Davit Kirakosyan

Financial Modeling Prep

CrowdStrike Reports Q1 Beat, Provides Solid Outlook

2023-06-01 14:26:00

<p>Despite uneven macros, <a href='https://financialmodelingprep.com/financial-summary/CRWD'>CrowdStrike Holdings Inc. (NASDAQ:CRWD)</a> delivered good results yesterday, with momentum across large deals, partnerships, new products while achieving GAAP profitability.</p> <p>Q1 EPS came in at $0.57, better than the Street estimate of $0.51, and revenue of $692.6 million, beating the Street estimate of $677.39 million.</p> <p>Management expects Q2/24 EPS in the range of $0.54-$0.57, compared to the Street estimate of $0.54, and revenue in the range of $717.2-$727.4 million, compared to the Street’s estimate of $718.9 million.</p> <p>For the full 2024 year, the company expects EPS in the range of $2.32-$2.43, compared to the Street estimate of $2.32, and revenue of $3.0005-$3.0367 billion, compared to the Street estimate of $2.96 billion.</p>

NASDAQ:CRWD

https://financialmodelingprep.com/market-news/fmp-crowdstrike-reports-q1-beat-provides-solid-outlook

Davit Kirakosyan

Financial Modeling Prep

Zscaler’s Upcoming Q3 Earnings Preview

2023-06-01 09:35:00

<p>RBC Capital analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/ZS'>Zscaler (NASDAQ:ZS)</a> ahead of the Q3/23 earnings, scheduled to be announced today after the market close.</p> <p>In early May, the company announced positive preliminary Q3 results noting they expect to come in above the high-end of guidance for both the top-line and profitability with a key being billings acceleration from Q2. Specifically, management increased its 2023 revenue/billings guidance by $28.5 million/$32 million, or more/in line with the preliminary Q3 midpoint beat of $20 million/$31 million, respectively. </p> <p>As such, the focus remains on the competitive landscape, macros, and the ability to consolidate security spend and any thoughts on 2024 expectations. The analysts reiterated their Outperform rating and $155 price target.</p>

NASDAQ:ZS

https://financialmodelingprep.com/market-news/fmp-zscaler’s-upcoming-q3-earnings-preview

Davit Kirakosyan

Financial Modeling Prep

Exxon Mobil Downgraded to Sector Perform at RBC

2023-06-01 09:27:00

<p>RBC Capital analysts downgraded <a href='https://financialmodelingprep.com/financial-summary/XOM'>Exxon Mobil Corporation (NYSE:XOM)</a> to Sector Perform from Outperform, with a price target of $125 on the stock.</p> <p>The company has performed better than most international competitors in the past year, thanks to strong refining margins and a positive change in how its free cash flow is perceived. </p> <p>Moving forward, although analysts expect energy markets to continue being unpredictable, the prospects for oil products and gas markets seem less certain compared to 2022. Considering the current circumstances, the analysts believe the company's earnings momentum and risk-reward are more balanced.</p>

NYSE:XOM

https://financialmodelingprep.com/market-news/fmp-exxon-mobil-downgraded-to-sector-perform-at-rbc

Davit Kirakosyan

Financial Modeling Prep

Ambarella Stock Plummets 17% on Weak Guidance

2023-05-31 12:46:00

<p><a href='https://financialmodelingprep.com/financial-summary/AMBA'>Ambarella (NASDAQ:AMBA)</a> shares plunged more than 17% intra-day today after the company reported its Q1 earnings results, with a loss per share of $0.15, better than the Street estimate of a loss per share of $0.20. Revenue came in at $62.1 million, compared to the Street estimate of $61.99 million. As guided, Q1 sales declined 27% quarter-over-quarter and 31% year-over-year, as customers continue to reduce inventory in IoT as well as automotive segments.</p> <p>Despite the beat, management anticipates Q2/24 revenue to be in the range of $60-$64 million, worse than the Street estimate of $67.17 million. The gross margin is seen at 62.5%-64.5%.</p>

NASDAQ:AMBA

https://financialmodelingprep.com/market-news/fmp-ambarella-stock-plummets-17-on-weak-guidance-

Davit Kirakosyan

Financial Modeling Prep

Bumble President Shaukat Steps Down, Stock Plunges 8%

2023-05-31 12:30:00

<p><a href='https://financialmodelingprep.com/financial-summary/BMBL'>Bumble (NASDAQ:BMBL)</a> shares dropped more than 8% intra-day today following the company's disclosure that President Tariq Shaukat will step down after three years. </p> <p>Shaukat's departure will be effective from September 1, 2023, and he will transition to an advisory role during that period. The resignation, as stated in the SEC filing, is voluntary and not due to any disagreement with the company. </p> <p>Analysts at Evercore ISI reacted to the news, considering it a negative development for Bumble. They believe Shaukat played a crucial role, especially in international market expansion and product launches, making his departure incrementally negative for the company.</p>

NASDAQ:BMBL

https://financialmodelingprep.com/market-news/fmp-bumble-president-shaukat-steps-down-stock-plunges-8--

Davit Kirakosyan

Financial Modeling Prep

What to Expect From Samsara’s Upcoming Q1 Earnings?

2023-05-31 12:28:00

<p>RBC Capital analysts provided their views on <a href='https://financialmodelingprep.com/financial-summary/IOT'>Samsara (NYSE:IOT)</a> ahead of the upcoming Q1 earnings, scheduled to be released on Friday.</p> <p>The analysts expect a slight upside to Q1/24 results and guidance following a favorable Q4/23 including a strong pipeline and building renewal base to enter the year. The analysts said they will be focused on ARR vs. consensus at $839 million, up 38%, and commentary around the macro and fiscal 2024 guidance, which the analysts think has an opportunity to work higher through the year on a stable to improving environment. </p> <p>Overall, the analysts remain positive on the long-term tailwinds around digitizing physical operations and maintained their Outperform rating, increasing their price target on the stock to $24 from $21.</p>

NYSE:IOT

https://financialmodelingprep.com/market-news/fmp-what-to-expect-from-samsara’s-upcoming-q1-earnings?

Davit Kirakosyan

Financial Modeling Prep

Tremor Video Shares Jump 8% Following Q1 Beat

2023-05-31 12:25:00

<p><a href='https://financialmodelingprep.com/financial-summary/TRMR'>Tremor Video (NASDAQ:TRMR)</a> shares surged more than 8% yesterday after the company reported its Q1 earnings results, with EPS of ($0.03) coming in better than the Street estimate of ($0.05). Revenue was $71.74 million, beating the Street estimate of $66.49 million.</p> <p>Management noted an improved Q2 environment and cautious optimism for the year. That said, guidance was maintained, with management now also expecting 90% of fiscal 2023 revenue to be programmatic. </p> <p>According to the analysts at RBC Capital, the heavy lifting is done with the Amobee integration as H2 performance will be driven by sales force execution and CTV momentum.</p>

NASDAQ:TRMR

https://financialmodelingprep.com/market-news/fmp-tremor-video-shares-jump-8-following-q1-beat

Davit Kirakosyan

Financial Modeling Prep

Box Reports Better Than Expected Q1 Earnings

2023-05-31 09:35:00

<p><a href='https://financialmodelingprep.com/financial-summary/BOX'>Box (NYSE:BOX)</a> reported its Q1 earnings results yesterday, with EPS of $0.32 coming in better than the Street estimate of $0.27. Revenue was $252 million, beating the Street estimate of $249.58 million. Management expects Q2/24 EPS to be in the range of $0.34-$0.35, compared to the Street estimate of $0.33, and revenue in the range of $260-$262 million, compared to the Street estimate of $260.3 million.</p> <p>For the full year, the company sees EPS at $1.44-$1.50, compared to the Street’s $1.44, and revenue of $1.045-$1.055 billion, compared to the Street’s $1.06 billion.</p> <p>According to the analysts at RBC Capital, their key takeaways from the print include (1) despite modest Q1 upside, 2024 revenue was guided down on unfavorable FX movements and incremental softness in US commercial and EMEA, (2) a mix of early renewals and duration tailwinds were the main drivers of billings/RPO upside, and (3) otherwise leading indicators were soft.</p>

NYSE:BOX

https://financialmodelingprep.com/market-news/fmp-box-reports-better-than-expected-q1-earnings

Davit Kirakosyan

Financial Modeling Prep

Elastic’s Upcoming Q4 Earnings Preview

2023-05-31 09:28:00

<p>RBC Capital analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/ESTC'>Elastic (NYSE:ESTC)</a> ahead of the company’s upcoming Q4/23 earnings, scheduled tomorrow.</p> <p>The analysts expect a small improvement in revenue, billings, and profitability as the emphasis is placed on stabilizing outcomes and enhancing profitability. While macros will likely continue to pressure cloud growth, the analysts like the preliminary fiscal 2024 guidance which was provided last quarter as they believe it embeds a healthy level of conservatism with upside opportunities.</p> <p>The analysts think estimates bottom in 2024 with a potential for re-acceleration in 2025. The analysts raised their price target to $84 from $71 while maintaining their Outperform rating.</p>

NYSE:ESTC

https://financialmodelingprep.com/market-news/fmp-elastic’s-upcoming-q4-earnings-preview

Davit Kirakosyan

Financial Modeling Prep

Coinbase Upgraded at Atlantic Equities, Shares Gain 6%

2023-05-30 15:18:00

<p>Atlantic Equities analysts upgraded <a href='https://financialmodelingprep.com/financial-summary/COIN'>Coinbase Global Inc. (NASDAQ:COIN)</a> to Overweight from Neutral, with a price target of $70.00 on the stock, noting that the cryptocurrency exchange's results validate management's commitment to restoring sustainable profitability. Shares surged more than 6% intra-day today.</p> <p>The analysts remarked that the company is regaining custody asset share and utilizing its trustworthiness to exert pricing power, essential steps in fortifying the business model. </p> <p>Despite persistent risks stemming from the weak volume, recession, regulation, and market prices, the analysts believe that the company's recent initiatives enable investors to focus on the long-term potential. The analysts revised their revenue estimates upward by 8.2% and 7.4% for 2023 and 2024, respectively, with a slight 3.2% decline for 2025.</p>

NASDAQ:COIN

https://financialmodelingprep.com/market-news/fmp-coinbase-upgraded-at-atlantic-equities-shares-gain-6

Davit Kirakosyan

Financial Modeling Prep

Salesforce’s Q1 Earnings Preview

2023-05-30 15:02:00

<p>Deutsche Bank analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/CRM'>Salesforce, Inc. (NYSE:CRM)</a> ahead of tomorrow’s Q1 earnings announcement.</p> <p>The analysts expect Q1 results to be far less eventful than Salesforce's strong Q4 which included very respectable margin targets and other shareholder-friendly commitments. Since then, the stock is up 29%. With several activist investors having now largely come and gone, the analysts believe the fundamental debate focuses on the next chapters of this story, and in particular the rate at which the company can grow from here.</p> <p>As for the quarter, the analysts’ recent partner checks were unsurprisingly mixed given Q1 seasonality, a tough backdrop, and significant changes at Salesforce, but they think there's enough there for results to be fine.</p>

NYSE:CRM

https://financialmodelingprep.com/market-news/fmp-salesforce’s-q1-earnings-preview

Davit Kirakosyan

Financial Modeling Prep

Microsoft Price Target Raised on AI Monetization

2023-05-30 14:54:00

<p>Wedbush analysts raised their price target on <a href='https://financialmodelingprep.com/financial-summary/MSFT'>Microsoft (NASDAQ:MSFT)</a> to $375.00 from $340.00 while reiterating their Outperform rating due to the strong cloud deal flow and the potential for monetizing AI.</p> <p>According to the analysts, the initial success of Azure/Office 365 sets the stage for Microsoft's expansion into ChatGPT/AI monetization for both consumers and enterprises. This move could contribute an additional $40 to $50 per share to Microsoft's overall valuation. The analysts believe that Nvidia's impressive guidance in the AI sector serves as an indicator of Microsoft's AI opportunities.</p>

NASDAQ:MSFT

https://financialmodelingprep.com/market-news/fmp-microsoft-price-target-raised-on-ai-monetization-

Davit Kirakosyan

Financial Modeling Prep

Okta’s Upcoming Q1 Earnings Preview

2023-05-30 14:45:00

<p>RBC Capital analysts shared their views on <a href='https://financialmodelingprep.com/financial-summary/OKTA'>Okta, Inc. (NASDAQ:OKTA)</a> ahead of the company’s upcoming Q1/24 results tomorrow.</p> <p>Based on checks that point to stabilizing trends, the analysts expect solid results and outperformance in Q1 relative to expectations. While the analysts expect margin improvements to continue, they also think the company's G2M motion has improved as they note an uptick in Okta job postings over the past several weeks. </p> <p>Additional catalysts for 2024 remain stabilizing trends in CIAM through Auth0 integration, an uptick in workforce identity, greater penetration into international markets, and expanded US federal opportunities. </p> <p>The analysts raised their price target to $110 from $100 while reiterating their Outperform rating.</p>

NASDAQ:OKTA

https://financialmodelingprep.com/market-news/fmp-okta’s-upcoming-q1-earnings-preview

Davit Kirakosyan

Financial Modeling Prep

What to Expect From CrowdStrike’s Upcoming Q1 Earnings?

2023-05-30 09:40:00

<p>RBC Capital analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/CRWD'>CrowdStrike Holdings, Inc. (NASDAQ:CRWD)</a> ahead of the upcoming Q1/24 earnings results, scheduled to be announced tomorrow.</p> <p>Following company-specific checks, the analysts look for slight outperformance with Q1 results and a slight upside to full 2024 year guidance that likely works higher through the year.</p> <p>According to the analysts, they will be focused on ARR vs. Street estimate at $2.711 billion, up 41% year-over-year vs. up 48% in Q4/23. Similar to Palo Alto Networks, the analysts believe CrowdStrike is in a good position to consolidate customer spend as they think the big get bigger with cyber-security. The analysts raised their price target on the company to $180 from $170, while reiterating their Outperform rating.</p>

NASDAQ:CRWD

https://financialmodelingprep.com/market-news/fmp-what-to-expect-from-crowdstrike’s-upcoming-q1-earnings?

Davit Kirakosyan

Financial Modeling Prep

IHS Holding Reports Q1 Beat, Reiterates Guidance

2023-05-30 09:32:00

<p><a href='https://financialmodelingprep.com/financial-summary/IHS'>IHS Holding Limited (NYSE:IHS)</a> reported its Q1 earnings results last week, posting revenues and EBITDA higher than the Street estimates.</p> <p>Q1 revenue was $602.5 million, above the Street estimate of $569.85 million. Revenues included a $48 million non-recurring customer payment in Nigeria. EPS came in at $ 0.03, compared to the Street estimate of $0.18. </p> <p>Management reiterated its previously provided 2023 guidance despite the beat, taking a cautious stance in light of expected FX volatility. For 2023, the company expects revenue to be in the range of $2.190-2.220 billion, compared to the Street estimate of $2.207 billion.</p>

NYSE:IHS

https://financialmodelingprep.com/market-news/fmp-ihs-holding-reports-q1-beat-reiterates-guidance-

Davit Kirakosyan

Financial Modeling Prep

Autodesk Reports In Line Q1 Earnings, Provides Outlook

2023-05-29 20:32:00

<p><a href='https://financialmodelingprep.com/financial-summary/ADSK'>Autodesk (NASDAQ:ADSK)</a> delivered its Q1 earnings results on Thursday, with EPS coming in at $1.55, and revenue at $1.27 billion, both in line with the Street estimates.</p> <p>The company delivered higher billings relative to Street's estimate ($1.17 billion vs. Street’s $1.05 billion) and Free Cash Flow ($714 million vs. Street’s $437 million). Billings benefited from some last-minute multi-year activity and early renewals. Free Cash Flow also saw a boost from the timing of tax payments and collections from Q4 billings.</p> <p>Management anticipates Q2/24 EPS to be in the range of $1.70-$1.74, compared to the Street estimate of $1.78, and revenue in the range of $1.315-$1.325 billion, compared to the Street’s $1.33 billion.</p> <p>For the full year, management anticipates EPS to be in the range of $7.07-$7.41, compared to the Street estimate of $7.23, and revenue in the range of $5.355-$5.455 billion, compared to the Street’s $5.41 billion.</p>

NASDAQ:ADSK

https://financialmodelingprep.com/market-news/fmp-autodesk-reports-in-line-q1-earnings-provides-outlook

Davit Kirakosyan

Financial Modeling Prep

Owl Rock Capital’s Investor Day Takeaways

2023-05-29 20:28:00

<p>RBC Capital analysts provided their key takeaways from <a href='https://financialmodelingprep.com/financial-summary/ORCC'>Owl Rock Capital (NYSE:ORCC)</a> BDC Investor Day, coming away with a deeper appreciation of the process and people in the origination, underwriting, and portfolio management teams.</p> <p>Management emphasized focus on capital preservation through credit quality within the portfolio and deliberate, conservative deployment of capital since inception. According to the company, there could be room for ROE (return on equity) improvement to 12.5%-13.0%, and it could generate attractive returns in all rate environments.</p>

NYSE:ORCC

https://financialmodelingprep.com/market-news/fmp-owl-rock-capital’s-investor-day-takeaways

Davit Kirakosyan

Financial Modeling Prep

Fortive’s Analyst Meeting Review

2023-05-29 20:25:00

<p>RBC Capital analysts provided their key takeaways from <a href='https://financialmodelingprep.com/financial-summary/FTV'>Fortive Corporation (NYSE:FTV)</a> Analyst Meeting, where it reaffirmed Q2/23 and full 2023 year guidance and provided achievable 2028 targets. Notably, the company targets double-digit CAGR for EPS and Free Cash Flow. </p> <p>Its five core connected workflow strategies (85% of Fortive’s sales) should also benefit from multiple secular trends, including digitization, electrification, automation, and healthcare. M&A strategy was unchanged, with a bias toward bolt-ons. </p> <p>Overall, the event showcased the company’s deep management bench along with an impressive number of Fortive’s product/services exhibits.</p>

NYSE:FTV

https://financialmodelingprep.com/market-news/fmp-fortive’s-analyst-meeting-review

Davit Kirakosyan

Financial Modeling Prep

Ulta Beauty Stock Plummets 13% After Q1 Earnings

2023-05-29 16:20:00

<p><a href='https://financialmodelingprep.com/financial-summary/ULTA'>Ulta Beauty (NASDAQ:ULTA)</a> shares plunged more than 13% on Friday after the company reported its Q1 earnings results, with revenue of $2.6 billion coming in worse than the Street estimate of $2.62 billion. EPS was $6.88, compared to the Street estimate of $6.82. Comparable sales grew 9.3%, compared to an 18% growth in Q1/2022.</p> <p>The company provided its full 2023 year outlook, anticipating revenue in the range of $11-$11.1 billion, compared to the Street estimate of $11.12 billion.</p> <p>According to the analysts at Oppenheimer, the company’s shares have historically struggled on prints, even with substantial beats. Slowing category growth and a more promotional backdrop add more risks in the short-term, but the analysts believe the company remains well positioned to continue gaining share.</p>

NASDAQ:ULTA

https://financialmodelingprep.com/market-news/fmp-ulta-beauty-stock-plummets-13-after-q1-earnings-

Davit Kirakosyan

Financial Modeling Prep

MetLife Shares Surge 5% on $19.2 Billion Reinsurance Transaction

2023-05-29 16:18:00

<p><a href='https://financialmodelingprep.com/financial-summary/MET'>MetLife (NYSE:MET)</a> shares gained more than 5% on Thursday after the company announced a $19.2 billion reinsurance transaction with Global Atlantic and upped share buyback authorization.</p> <p>According to the analysts at RBC Capital, MetLife's sizable reinsurance agreement speeds up the run-off of its MetLife Holdings unit, frees up capital, improves the RBC ratio, and allows for incremental buybacks. </p> <p>The analysts view the announcement positively and consider this an opportunistic way for the company to reduce its closed block exposure while the timing and environment were right (a few other peers have announced reinsurance transactions in recent weeks). </p>

NYSE:MET

https://financialmodelingprep.com/market-news/fmp-metlife-shares-surge-5-on-$192-billion-reinsurance-transaction

Davit Kirakosyan

Financial Modeling Prep

Petco Health and Wellness Stock Plunges 18% After Q1 Earnings

2023-05-29 16:14:00

<p><a href='https://financialmodelingprep.com/financial-summary/WOOF'>Petco Health and Wellness (NASDAQ:WOOF)</a> shares dropped more than 18% on Wednesday after the company reported its Q1 earnings results. While EPS of $0.06 and revenue of $1.56 billion came in better than the Street estimates of $0.05 and $1.5 billion, respectively, the company spooked investors by warning of a deteriorating consumer backdrop.</p> <p>For the full 2024, the company expects EPS to be in the range of $0.40-$0.48, compared to the Street estimate of $0.43, and revenue in the range of $6.15-$6.275 billion, compared to the Street estimate of $6.3 billion.</p> <p>Analysts at RBC Capital said they appreciate management’s prudence but err on the side of top-line guidance perhaps being overly conservative.</p>

NASDAQ:WOOF

https://financialmodelingprep.com/market-news/fmp-petco-health-and-wellness-stock-plunges-18-after-q1-earnings-

Davit Kirakosyan

Financial Modeling Prep

Analog Devices Stock Plunges 7% on Guidance Miss

2023-05-26 08:52:00

<p><a href='https://financialmodelingprep.com/financial-summary/ADI'>Analog Devices (NASDAQ:ADI)</a> shares dropped more than 7% on Wednesday after the company reported its Q2 earnings results. While both EPS of $2.83 and revenue of $3.26 billion came in better than the Street estimates of $2.75 and $3.21 billion, respectively, guidance missed the consensus estimates.</p> <p>The company continued benefiting from rising semiconductor content in Automobile, Communications, and Industrial markets during the quarter.</p> <p>For Q3/23, the company expects EPS to be in the range of $2.42-$2.62, compared to the Street estimate of $2.65, and revenue in the range of $3-$3.2 billion, compared to the Street estimate of $3.16 billion.</p>

NASDAQ:ADI

https://financialmodelingprep.com/market-news/fmp-analog-devices-stock-plunges-7-on-guidance-miss

Davit Kirakosyan

Financial Modeling Prep

EnerSys Surges 14% Following Q4 Beat

2023-05-26 08:50:00

<p><a href='https://financialmodelingprep.com/financial-summary/ENS'>EnerSys (NYSE:ENS)</a> shares jumped more than 14% yesterday after the company reported its Q4 earnings results, with EPS of $1.82 coming in better than the Street estimate of $1.38. Revenue was $990 million, beating the Street estimate of $950.97 million.</p> <p>Energy Systems paced year-over-year organic growth and showed modest sequential improvement in margins, as did Motive. Backlog dipped 7% to $1.3 billion, reflecting some normalization of order trends and improved conversion rates.</p> <p>The company expects Q1/24 non-GAAP EPS to be in the range of $1.77–1.87, compared to the Street estimate of $1.36, and gross margin in the range of 24.5–26.5%, compared to the consensus of 23.1%.</p>

NYSE:ENS

https://financialmodelingprep.com/market-news/fmp-enersys-surges-14-following-q4-beat

Davit Kirakosyan

Financial Modeling Prep

UiPath Reports Q1 Beat But Stock Plummets 10% on Weak Guidance

2023-05-25 13:12:00

<p><a href='https://financialmodelingprep.com/financial-summary/PATH'>UiPath Inc. (NYSE:PATH)</a> shares plunged more than 10% intra-day today after the company reported its Q1 earnings. While EPS of $0.11 and revenue of $289.6 million came in better than the Street estimates of $0.02 and $271.86 million, respectively, guidance was disappointing. </p> <p>ARR was in-line with expectations of 28% growth and didn't see the same level of outperformance as in prior quarters. </p> <p>For Q2/24, the company expects revenue to be in the range of $279-$284 million, compared to the Street estimate of $284.3 million. For the full year, the company expects revenue in the range of $1.267-$1.272 billion, compared to the Street estimate of $1.254 billion.</p>

NYSE:PATH

https://financialmodelingprep.com/market-news/fmp-uipath-reports-q1-beat-but-stock-plummets-10-on-weak-guidance-

Davit Kirakosyan

Financial Modeling Prep

Splunk Posts Better Than Expected Q1 Earnings

2023-05-25 13:09:00

<p><a href='https://financialmodelingprep.com/financial-summary/SPLK'>Splunk (NASDAQ:SPLK)</a> reported its Q1 earnings yesterday, with an EPS of $0.18 coming in better than the Street estimate of ($0.14). Revenue was $752 million, above the Street estimate of $722.99 million.</p> <p>The strong quarterly results were driven by consistent execution as the focus remains on profitable growth. For Q2/24, the company anticipates revenue to be in the range of $880-$895 million, compared to the Street estimate of $868 million. </p> <p>Despite near-term macro uncertainty, analysts at RBC Capital believe the company's R&D and GTM investments as well as overall operational improvements position them well to re-accelerate ARR growth as the economy recovers.</p>

NASDAQ:SPLK

https://financialmodelingprep.com/market-news/fmp-splunk-posts-better-than-expected-q1-earnings-

Davit Kirakosyan

Financial Modeling Prep

PulteGroup’s Investor Meeting Key Takeaways

2023-05-25 13:03:00

<p>RBC Capital analysts provided their views on <a href='https://financialmodelingprep.com/financial-summary/PHM'>PulteGroup, Inc. (NYSE:PHM)</a> after hosting a virtual investor meeting with CFO Bob O’Shaughnessy. The company is continuing to see a broad-based demand recovery though did not provide any post-quarter quantification. </p> <p>According to the analysts, management chalks up more resilient demand and pricing power in part due to share shift given the lack of existing home supply as well as builders’ ability to better incentivize around mortgage rates. </p> <p>The company is currently running a national 4.99% mortgage rate buy-down program, which has been an effective tool to bring buyers in – the exact rate level and cost of this program will vary somewhat depending on prevailing headline rates.</p>

NYSE:PHM

https://financialmodelingprep.com/market-news/fmp-pultegroup’s-investor-meeting-key-takeaways-

Davit Kirakosyan

Financial Modeling Prep

OptimizeRx Reaffirms 2023 Guidance

2023-05-25 13:00:00

<p><a href='https://financialmodelingprep.com/financial-summary/OPRX'>OptimizeRx Corporation (NASDAQ:OPRX)</a> reaffirmed its 2023 over 10% revenue growth outlook, provided a positive update concerning the visibility it now has into achieving that target, and also introduced longer-term goals of reaching $100-120 million revenue and 20% EBITDA margin within the next 18-24 months. </p> <p>Underpinning its confidence in the latter, management cites strong macro tailwinds, expanded offerings and strengthening commercial momentum. </p> <p>Analysts at RBC Capital find all these encouraging but also noted growth thus far has been choppy, and absent M&A, achieving even the low end of the long-term revenue target would require a meaningful multi-year acceleration from 2022 and 2023 levels.</p>

NASDAQ:OPRX

https://financialmodelingprep.com/market-news/fmp-optimizerx-reaffirms-2023-guidance-

Davit Kirakosyan

Financial Modeling Prep

AutoZone Stock Plummets 6% on Weak Comparable Sales Growth

2023-05-25 09:14:00

<p><a href='https://financialmodelingprep.com/financial-summary/AZO'>AutoZone (NYSE:AZO)</a> shares plunged nearly 6% on Tuesday after the company reported a slowdown in comparable sales, mainly because of the weak demand in March.</p> <p>Q3 EPS was $34.12, compared to the Street estimate of $31.41. Revenue came in at $4.09 billion, compared to the Street estimate of $4.12 billion.</p> <p>Domestic comp store sales growth tracked below expectations at 1.9% (vs. Street estimate of 4.1%), reflecting the impacts of weather-related disruptions in March and below-plan commercial sales growth.</p> <p>While the company does not provide formal financial guidance, management maintained its expectations for double-digit growth in its commercial segment, though returning to such levels could take one or two quarters.</p>

NYSE:AZO

https://financialmodelingprep.com/market-news/fmp-autozone-stock-plummets-6-on-weak-comparable-sales-growth-

Davit Kirakosyan

Financial Modeling Prep

Landstar System Updates its Q2 Guidance

2023-05-25 09:10:00

<p><a href='https://financialmodelingprep.com/financial-summary/LSTR'>Landstar System, Inc. (NASDAQ:LSTR)</a> provided a guidance update on Q2/23. Relative to its issued guidance on April 26, the company now anticipates revenue to be in the range of $1.325–1.375 billion (down 33% to 30% year-over-year), vs. $1.400–1.450 billion previously. </p> <p>It now expects Q2 diluted EPS to be $1.75–1.85 (down 43% to 39%) vs. $1.90–2.00 previously. The company’s updated guidance reflects truckload volume currently trending below Q2/22 by 16–18% vs. its previous guidance of a year-over-year decrease of 14–16%.</p>

NASDAQ:LSTR

https://financialmodelingprep.com/market-news/fmp-landstar-system-updates-its-q2-guidance-

Davit Kirakosyan

Financial Modeling Prep

Palo Alto Networks Stock Jumps 8% Following Q3 Results

2023-05-24 13:07:00

<p><a href='https://financialmodelingprep.com/financial-summary/PANW'>Palo Alto Networks (NASDAQ:PANW)</a> shares rose more than 8% intra-day today after the company released its Q3 earnings, with EPS coming in at $1.10, beating the Street estimate of $0.93. However, revenue of $1.7 billion was slightly below the Street estimate of $1.72 billion.</p> <p>Management credited strong execution as they delivered upside to virtually all headline metrics despite a macro environment that got worse during the quarter.</p> <p>The company anticipates Q4/23 EPS to be in the range of $1.26-$1.30, compared to the Street’s $1.20, and revenue in the range of $1.937-$1.967 billion, compared to the Street’s $1.95 billion.</p> <p>Full-year EPS is seen at $4.25-$4.29, compared to the Street’s $4.02, and revenue of $6.88-$6.91 billion, compared to the Street’s $6.89 billion.</p>

NASDAQ:PANW

https://financialmodelingprep.com/market-news/fmp-palo-alto-networks-stock-jumps-8-following-q3-results-

Davit Kirakosyan

Financial Modeling Prep

Netflix Price Target Raised at Oppenheimer on Paid Sharing Launch in U.S.

2023-05-24 12:56:00

<p>Oppenheimer analysts raised their price target on <a href='https://financialmodelingprep.com/financial-summary/NFLX'>Netflix, Inc. (NASDAQ:NFLX)</a> to $450 from $415 while reiterating their Outperform, given the introduction of Netflix's Paid Sharing feature at $7.99 per additional household stream.</p> <p>Before this announcement, the analysts conducted a survey among 1,800 Netflix consumers in the United States, revealing a strong willingness to pay for usage by "remote" users. Interestingly, some former users expressed a willingness to pay for their own subscription. Around 80% of the respondents currently pay for Netflix, with 48% supporting users outside their household for free. This indicates the potential for approximately 36 million new subscribers.</p>

NASDAQ:NFLX

https://financialmodelingprep.com/market-news/fmp-netflix-price-target-raised-at-oppenheimer-on-paid-sharing-launch-in-us

Davit Kirakosyan

Financial Modeling Prep

New Relic Reports Q4 Results, Shares Plunge

2023-05-24 12:53:00

<p><a href='https://financialmodelingprep.com/financial-summary/NEWR'>New Relic (NYSE:NEWR)</a> reported its Q4 results yesterday, with EPS of $0.42 and revenue of $242.5 million coming in better than the Street estimates of $0.22 and $241.13 million, respectively. Shares plunged more than 5% intra-day today.</p> <p>Analysts at RBC Capital provided their key takeaways from the results, which include: (1) initial 2024 guidance calls for lackluster 10-11% growth, led by cloud optimization and the decision to accelerate migrations to consumption, (2) incremental disclosures do outline a path to 2025 acceleration, highlighted by consumption revenue growing 32%, and (3) 2024 guidance calls for mid-teens margins, well above the preliminary outlook.</p> <p>The company expects Q1/24 revenue in the range of $238-$240 million, compared to the Street estimate of $251.2 million. For the full year, the company expects revenue of $1.020-1.030 billion, compared to the Street’s $924.3 million.</p>

NYSE:NEWR

https://financialmodelingprep.com/market-news/fmp-new-relic-reports-q4-results-shares-plunge-

Davit Kirakosyan

Financial Modeling Prep

Dick's Sporting Goods Reports a Q1 Beat

2023-05-24 12:50:00

<p><a href='https://financialmodelingprep.com/financial-summary/DKS'>Dick's Sporting Goods (NYSE:DKS)</a> reported its Q1 earnings results yesterday, with EPS coming in at $3.40, above the Street estimate of $3.12. Revenue came in at $2.84 billion, compared to the Street estimate of $2.81 billion.</p> <p>The company provided its outlook for fiscal 2024, expecting EPS to be in the range of $12.90-$13.80, compared to the Street estimate of $13.33.</p> <p>Analysts at Oppenheimer look very favorably on recent trends at the company and continue to believe that solid sales and earnings at the chain reflect a now much stronger, better-positioned business model navigating well a more challenged backdrop.</p>

NYSE:DKS

https://financialmodelingprep.com/market-news/fmp-dicks-sporting-goods-reports-a-q1-beat

Davit Kirakosyan

Financial Modeling Prep

Williams-Sonoma Beats Q1 EPS But Revenues Fall Short of Estimates

2023-05-24 09:26:00

<p><a href='https://financialmodelingprep.com/financial-summary/WSM'>Williams-Sonoma (NYSE:WSM)</a> reported its Q1 earnings results yesterday, with EPS coming in at $2.64, beating the Street estimate of $2.38. Revenue was $1.76 billion, coming in worse than the Street estimate of $1.8 billion. </p> <p>The company maintained its full 2023-year and long-term outlook. Net revenue is expected to grow from (3%) to 3%. The operating margin is seen at 14%-15%. Management sees an annual revenue growth rate in the mid-to-high single digits over the long run.</p> <p> With the backlog largely normalized sales now more closely reflect the deteriorating demand environment. Analysts at RBC Capital give management credit for exercising increased cost discipline but recognize additional visibility is needed for investors to meaningfully get behind shares.</p>

NYSE:WSM

https://financialmodelingprep.com/market-news/fmp-williams-sonoma-beats-q1-eps-but-revenues-fall-short-of-estimates-

Davit Kirakosyan

Financial Modeling Prep

Chord Energy Buys Williston Basin Assets from Exxon for $375 million

2023-05-24 09:20:00

<p><a href='https://financialmodelingprep.com/financial-summary/CHRD'>Chord Energy (NASDAQ:CHRD)</a> announced on Monday that it will acquire Williston Basin assets from the subsidiaries of Exxon Mobil for $375 million.</p> <p>The deal will be funded with cash on hand, which stood at $592 million on March 31. The properties include 62,000 net acres around the company's near-term development activity and now produce 6 Mboe/d (62% oil). The transaction is anticipated to close at the end of June.</p> <p>An important aspect of the transaction besides financial/free cash flow accretion is to maintain or improve its drilling inventory. Analysts at RBC Capital think Chord Energy has over 10-year drilling inventory at maintenance levels, but the new properties should add a year to that view.</p>

NASDAQ:CHRD

https://financialmodelingprep.com/market-news/fmp-chord-energy-buys-williston-basin-assets-from-exxon-for-$375-million

Davit Kirakosyan

Financial Modeling Prep

Integra LifeSciences Shares Plummet 17% Following Product Recall Announcement

2023-05-23 13:08:00

<p><a href='https://financialmodelingprep.com/financial-summary/IART'>Integra LifeSciences (NASDAQ:IART)</a> shares experienced a significant drop of over 17% during today's trading as the company declared a voluntary worldwide recall of all its products made in its Boston, Massachusetts facility from March 1, 2018, to May 22, 2023. </p> <p>Management discovered during an internal inquiry that there were "variations in endotoxin testing," which may have led to the potential sale of products exceeding the permissible levels of endotoxins. In response, it is (1) implementing additional detection and quality controls, after which it expects to resume manufacturing, (2) lowering Q2/23 revenue guidance to $372-376 million from $396-400 million and EPS to $0.55-0.59 from $0.75-0.79, and (3) expecting a Q2/23 $22 million inventory charge.</p>

NASDAQ:IART

https://financialmodelingprep.com/market-news/fmp-integra-lifesciences-shares-plummet-17-following-product-recall-announcement-

Davit Kirakosyan

Financial Modeling Prep

Lowe's Shares Gain 2% on Q1 Beat

2023-05-23 13:05:00

<p><a href='https://financialmodelingprep.com/financial-summary/LOW'>Lowe's (NYSE:LOW)</a> shares rose more than 2% intra-day today after the company reported its Q1 earnings results, with EPS of $3.67 coming in better than the Street estimate of $3.46. Revenue was $22.3 billion, beating the Street estimate of $21.66 billion.</p> <p>The company provided its fiscal 2024 outlook, expecting EPS to be in the range of $13.20-$13.60, compared to its prior guidance of $13.60-$14 and the Street estimate of $13.60. </p> <p>Full-year revenue is seen at $87-89 billion, compared to the company’s prior guidance of $88-$90 billion and the Street estimate of $88.45 billion.</p>

NYSE:LOW

https://financialmodelingprep.com/market-news/fmp-lowes-shares-gain-2-on-q1-beat-

Davit Kirakosyan

Financial Modeling Prep

Playa Hotels & Resorts’ Recent Selloff Offers an Attractive Entry Point

2023-05-23 13:02:00

<p>Oppenheimer analysts provided their views on <a href='https://financialmodelingprep.com/financial-summary/PLYA'>Playa Hotels & Resorts (NASDAQ:PLYA)</a>, noting that the current valuation and recent selloff offer an attractive entry point. </p> <p>Despite the challenges posed by currency headwinds, analysts believe that the core operations of the company continue to be robust, as indicated by its recent increase in guidance. The company revised its EBITDA guidance for 2023, raising it by $5 million to reach $275 million at the midpoint. This increase is mainly attributed to higher expectations for ADR.</p> <p>The analysts believe the company also has a superior business model to full-service hotels, which should contribute to higher margins and growth than full-service lodging REITs even in a recessionary environment. The analysts maintained their Outperform rating and $14 price target on the stock.</p>

NASDAQ:PLYA

https://financialmodelingprep.com/market-news/fmp-playa-hotels-&-resorts’-recent-selloff-offers-an-attractive-entry-point

Davit Kirakosyan

Financial Modeling Prep

What to Expect From Workday’s Q1 Earnings?

2023-05-23 12:57:00

<p>Oppenheimer analysts shared their preview on <a href='https://financialmodelingprep.com/financial-summary/WDAY'>Workday (NASDAQ:WDAY)</a> ahead of the upcoming Q1/24 earnings results, scheduled to be announced on Thursday. The analysts estimate Q1 total revenue of approximately $1.67 billion (up 16% year-over-year) and $1.08 in EPS.</p> <p>According to the analysts, Workday is likely to show Q1 results above a low bar, especially for subscription backlog revenue this quarter, and moderating demand trends from some degradation to the business environment. </p> <p>According to the analysts, management did a good job navigating a tough macro in Q1, and though the business will likely show moderating growth, they expect a modest upside to the results and guidance. The analysts reiterated their Outperform rating and $220 price target.</p>

NASDAQ:WDAY

https://financialmodelingprep.com/market-news/fmp-what-to-expect-from-workday’s-q1-earnings?

Davit Kirakosyan

Financial Modeling Prep

Zoom Stock Plummets 6% Following Q1 Earnings

2023-05-23 10:41:00

<p><a href='https://financialmodelingprep.com/financial-summary/ZM'>Zoom (NASDAQ:ZM)</a> shares plunge more than 6% intra-day today after the company reported its Q1 earnings, with Online driving a solid beat, offsetting Enterprise weakness.</p> <p>EPS came in at $1.16, above the Street estimate of $0.99. Revenue of $1.1 billion was slightly better than the Street estimate of $1.08 billion. The company expects Q2/24 EPS of $1.04-$1.06, compared to the Street’s $1.05, and revenue of $1.11-$1.115 billion, compared to the Street’s $1.11 billion.</p> <p>For 2024, the company anticipates EPS of $4.25-$4.31, compared to the Street’s $4.22, and revenue of $4.465-$4.485 billion, compared to the Street’s $4.45 billion.</p> <p>While noting they are encouraged by Online stabilizing ahead of schedule, analysts at RBC Capital said they would prefer to see more resiliency out of the Enterprise business, where the 2024 growth outlook was revised down to just 6% (vs. low-double-digits prior), which management attributed to temporary disruption from the RIF/restructuring.</p>

NASDAQ:ZM

https://financialmodelingprep.com/market-news/fmp-zoom-stock-plummets-6-following-q1-earnings-

Davit Kirakosyan

Financial Modeling Prep

JPMorgan’s 2023 Investor Day Review

2023-05-23 10:38:00

<p>RBC Capital analysts provided their takeaways from <a href='https://financialmodelingprep.com/financial-summary/JPM'>JPMorgan Chase & Co. (NYSE:JPM)</a> Investor Day 2023, where the company outlined its businesses' strategies with a keen focus on executing the detailed strategic plans that should enable it to outperform its peer group over the next 3–5 years. The company once again showed its strength and stability through the recent First Republic transaction during the regional banking turmoil.</p> <p>The company maintained its ROTCE target of approximately 17%. It expects 2023 NII (Net Interest Income) excluding Markets to increase to around $84 billion, up from its Q1/23 outlook of $81 billion. </p> <p>The analysts believe the company is a well-managed, diversified global bank that will continue to see strong growth. The analysts note, however, that there are potential economic storm clouds on the horizon that could prove disruptive to the profitability targets set out by JPMorgan.</p>

NYSE:JPM

https://financialmodelingprep.com/market-news/fmp-jpmorgan’s-2023-investor-day-review

Davit Kirakosyan

Financial Modeling Prep

Foot Locker Downgraded After Disappointing Q1, Shares Plunge

2023-05-22 15:06:00

<p>Citi analyst downgraded <a href='https://financialmodelingprep.com/financial-summary/FL'>Foot Locker (NYSE:FL)</a> to Neutral from Buy and lowered their price target to $30.00 from $48.00 after the company reported disappointing Q1 results and revised down its full-year guidance. As a result, shares dropped more than 27% on Friday and are trading more than 5% lower intra-day today.</p> <p>Q1 EPS was $0.70, worse than the Street estimate of $0.78. Revenue came in at $1.93 billion, missing the Street estimate of $1.99 billion. For fiscal 2023, the company anticipates EPS in the range of $2.00-$2.25, compared to the Street estimate of $3.46. Sales are expected to be down 6.5-8%, compared to the prior guidance of a 3.5-5.5% decline.</p>

NYSE:FL

https://financialmodelingprep.com/market-news/fmp-foot-locker-downgraded-after-disappointing-q1-shares-plunge

Davit Kirakosyan

Financial Modeling Prep

Palo Alto Networks’ Upcoming Q3 Earnings Preview

2023-05-22 15:04:00

<p>RBC Capital analysts shared their outlook on <a href='https://financialmodelingprep.com/financial-summary/PANW'>Palo Alto Networks (NASDAQ:PANW)</a> ahead of tomorrow’s Q3/23 earnings announcement.</p> <p>Following mixed on-quarter security reports from peers, the analysts look for a slight upside to results and expect the company to maintain a conservative posture towards the outlook given macro uncertainty. As such, the analysts expect follow-through from last quarter’s momentum as the company continues to execute in a challenging environment and remains in a position to consolidate security spend at the platform level.</p> <p>The analysts continue to like the company’s role in security consolidation, multiple growth drivers and the potential for meaningful long-term margin expansion.</p>

NASDAQ:PANW

https://financialmodelingprep.com/market-news/fmp-palo-alto-networks’-upcoming-q3-earnings-preview-

Davit Kirakosyan

Financial Modeling Prep

Cintas’ CFO Meeting Takeaways

2023-05-22 14:58:00

<p>RBC Capital analysts provided their key takeaways from <a href='https://financialmodelingprep.com/financial-summary/CTAS'>Cintas Corporation (NASDAQ:CTAS)</a> CFO meeting, where he highlighted strong momentum in the business driven by an increased propensity to outsource, targeting a large addressable market, including recession-resilient end markets with a broad set of offerings and robust retention. </p> <p>CFO Mike Hansen highlighted Scale, Innovation, and Technology as the key competitive advantage driving accelerated growth while expanding margins. </p> <p>With an under-levered balance sheet, the analysts expect a greater focus on M&A. Lastly, the facility tour helped them appreciate the benefits of automation and SAP implementation. The analysts reiterated their Outperform rating and $525 price target.</p>

NASDAQ:CTAS

https://financialmodelingprep.com/market-news/fmp-cintas’-cfo-meeting-takeaways

Davit Kirakosyan

Financial Modeling Prep

What to Expect From UiPath’s Upcoming Q1 Earnings?

2023-05-22 14:56:00

<p>RBC Capital analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/PATH'>UiPath Inc. (NYSE:PATH)</a> ahead of the upcoming Q1/24 earnings, expected to be reported on Wednesday.</p> <p>The analysts expect a slight upside to Q1 results vs. consensus ARR/revenue of $1.247 billion/$271 million or 28%/11% growth which is in line with guidance. </p> <p>As for guidance, the fiscal 2024 ARR midpoint is $1.427.5 billion or 18.6% growth, which points to a net new ARR of $224 million or down 20% year-over-year. Additionally, 2024 midpoint revenue was guided to $1.255.5 billion, or up 18.6%, similar to 2023 revenue growth.</p>

NYSE:PATH

https://financialmodelingprep.com/market-news/fmp-what-to-expect-from-uipath’s-upcoming-q1-earnings?

Davit Kirakosyan

Financial Modeling Prep

Autodesk’s Upcoming Q1 Earnings Preview

2023-05-22 11:25:00

<p>RBC Capital analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/ADSK'>Autodesk (NASDAQ:ADSK)</a> ahead of the upcoming Q1/24 earnings results, which are expected to be reported on May 25.</p> <p>Amidst uneven macros, the analysts look for essentially in-line results showing stabilization in estimates following a better quarter of execution while the fiscal 2024 guide is likely maintained. While the double-digit CAGR target for 2026 free cash flow no longer seems likely, the analysts like the increased clarity in the long-term vision as they still find value in a ratable revenue and free cash flow growth post the trough. </p> <p>The analysts maintained their Outperform rating and $250 price target on the company as they think Autodesk could become a good large-cap compounder as estimates stabilize and work higher.</p>

NASDAQ:ADSK

https://financialmodelingprep.com/market-news/fmp-autodesk’s-upcoming-q1-earnings-preview-

Davit Kirakosyan

Financial Modeling Prep

Cogent Communications’ Review Following 10% Drop Since Q1

2023-05-22 11:23:00

<p><a href='https://financialmodelingprep.com/financial-summary/CCOI'>Cogent Communications (NASDAQ:CCOI)</a> shares fell more than 10% since the company reported Q1/23 earnings earlier this month. Revenues came in at $116.1 million, compared to the Street estimate of $116.6 million and adjusted EBITDA of $56.5 million, compared to the Street estimate of $58.2 million.</p> <p>On-net ARPU (average revenue per user) increased 0.6% quarter-over-quarter to $467 and Off-net ARPU declined to 0.5% quarter-over-quarter to $910. Churn rates for On-net and Off-net connections were relatively stable quarter-over-quarter at 1.0% each.</p> <p>The acquisition of the Sprint wireline business closed on May 1, earlier than management’s expectations. RBC Capital analysts said they are cautiously optimistic, based on the potential for cost savings and revenue synergies, and earlier track record of integration. </p>

NASDAQ:CCOI

https://financialmodelingprep.com/market-news/fmp-cogent-communications’-review-following-10-drop-since-q1

Davit Kirakosyan

Financial Modeling Prep

Chord Energy’s Review Following Q1 Earnings

2023-05-20 16:39:00

<p><a href='https://financialmodelingprep.com/financial-summary/CHRD'>Chord Energy Corporation (NASDAQ:CHRD)</a> shares rose around 11% since the company’s reported Q1 results earlier this month, with revenue of $943.9 million coming in significantly above the Street estimate of $714.49 million. EPS was ($0.24), compared to the Street estimate of $4.30. </p> <p>According to the analysts at RBC Capital, the company’s leading free cash flow profile and cash position should provide strong return along with the ability to compete for accretive M&A opportunities. </p> <p>The analysts believe shareholder returns could start to be more balanced with buybacks, but a leading dividend likely remains the case as well. The analysts see a nice path during H2/23 where capital spending tapers as production ramps higher.</p>

NASDAQ:CHRD

https://financialmodelingprep.com/market-news/fmp-chord-energy’s-review-following-q1-earnings

Davit Kirakosyan

Financial Modeling Prep

Marvell Technology’s Upcoming Q1 Earnings Preview

2023-05-20 16:35:00

<p>Oppenheimer analysts provided their views on <a href='https://financialmodelingprep.com/financial-summary/MRVL'>Marvell Technology, Inc. (NASDAQ:MRVL)</a> ahead of the upcoming Q1 earnings, scheduled to be reported on May 25, anticipating in-line results and Q2 guidance. The analysts see the company as a top beneficiary of increased AI spending as optics/connectivity scale with processing power. </p> <p>The company sees 5G RAN and auto leading the growth in Q1 and in fiscal 2023. Gross margin is expected to be 60% in Q1, down 350bps quarter-over-quarter. </p> <p>Management sees H2 revenue growth and gross margin expansion as cloud and storage inventory normalize and new products ramp. </p>

NASDAQ:MRVL

https://financialmodelingprep.com/market-news/fmp-marvell-technology’s-upcoming-q1-earnings-preview-

Davit Kirakosyan

Financial Modeling Prep

Autodesk’s Price Target Cut at Stifel After Partner Checks

2023-05-20 16:33:00

<p>Stifel analysts lowered their estimates and the price target on <a href='https://financialmodelingprep.com/financial-summary/ADSK'>Autodesk (NASDAQ:ADSK)</a> to $240.00 from $245.00 while reiterating their Buy rating.</p> <p>After speaking with four Autodesk platinum-level channel partners, the analysts noted that results were disappointing, with missed quarterly expectations and expressed caution for the year due to a softening macro backdrop and demand pull-forward. The uncertain macro is seen as the cause, not competition. Despite this, Autodesk Construction Cloud remains strong. </p> <p>While noting that uncertain macro may have a negative near-term impact on the results, the analysts continue to believe the company will sustain double-digit growth and expand margins and cash flow. </p>

NASDAQ:ADSK

https://financialmodelingprep.com/market-news/fmp-autodesk’s-price-target-cut-at-stifel-after-partner-checks

Davit Kirakosyan

Financial Modeling Prep

What to Expect From Ulta Beauty’s Upcoming Q1 Earnings?

2023-05-20 16:31:00

<p>Oppenheimer analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/ULTA'>Ulta Beauty, Inc. (NASDAQ:ULTA)</a> ahead of the upcoming Q1 earnings report, scheduled on May 25, expecting another strong top-line delivery, but seeing more subdued bottom-line growth. </p> <p>Unlike previous quarters, the analysts believe that there is not much room for improvement in earnings per share (EPS) due to an ambitious investment plan, a slightly more competitive beauty market, and a declining retail industry for non-essential items. They anticipate Q1 EPS of $6.57, compared to the Street estimate of $6.82.</p> <p>On the guidance front, the analysts expect management to only reiterate full-year guidance vs. flowing through any potential beat amidst ongoing macro uncertainty and the conservative nature of the management team.</p>

NASDAQ:ULTA

https://financialmodelingprep.com/market-news/fmp-what-to-expect-from-ulta-beauty’s-upcoming-q1-earnings?

Davit Kirakosyan

Financial Modeling Prep

Walmart Reports Better Than Expected Q1 Earnings Results

2023-05-19 12:38:00

<p><a href='https://financialmodelingprep.com/financial-summary/WMT'>Walmart (NYSE:WMT)</a> reported its Q1 earnings results yesterday, with EPS of $1.47 coming in better than the Street estimate of $1.30. Revenue was $152.3 billion, beating the Street estimate of $148.5 billion. The company provided its fiscal 2024 outlook, expecting EPS to be in the range of $6.10-$6.20, compared to the Street estimate of $6.14.</p> <p>According to the analysts at RBC Capital, consistent delivery amid an increasingly uncertain consumer backdrop should continue to support a relatively premium multiple. The analysts adjusted their 2024/2025 consolidated net sales growth estimates to 3.5%/3.2% (from 3.0%/3.5%) and EPS estimates to $6.28/$6.83 (from $6.06/$6.67).</p>

NYSE:WMT

https://financialmodelingprep.com/market-news/fmp-walmart-reports-better-than-expected-q1-earnings-results

Davit Kirakosyan

Financial Modeling Prep

APA Corporation’s Review Post Q1 Beat

2023-05-19 12:35:00

<p>Analysts at RBC Capital provided their views on <a href='https://financialmodelingprep.com/financial-summary/APA'>APA Corporation (NASDAQ:APA)</a> following recently announced Q1 earnings, with EPS of $1.19 coming in better than the Street estimate of $1.07. Revenue was $2.01 billion, beating the Street estimate of $1.89 billion.</p> <p>The company reduced its fiscal 2023 budget by $100 million to $2.0-$2.1 billion but maintained the 404-408 Mboe/d production guidance and adjusted oil production of 159 Mb/d. Production guidance excludes potential gas production curtailments, which the analysts think is likely, although should not impact the company's overall volume outlook.</p> <p>The analysts expect the company to remain near its 60% minimum free cash flow shareholder payout strategy to focus remaining liquidity on reducing its outstanding revolver balance which was at $983 million in Q1/23.</p>

NASDAQ:APA

https://financialmodelingprep.com/market-news/fmp-apa-corporation’s-review-post-q1-beat

Davit Kirakosyan

Financial Modeling Prep

Target Reports In Line Q1 Revenues & EPS Beat

2023-05-18 15:46:00

<p><a href='https://financialmodelingprep.com/financial-summary/TGT'>Target (NYSE:TGT)</a> reported its Q1 earnings results yesterday, with revenue of $25.32 billion coming in roughly in line with the Street estimate of $25.37 billion. EPS was $2.05, beating the Street estimate of $1.79. This positive, however, was somewhat offset by the fact that comp decelerated throughout the quarter and the implied H2 EPS weighting.</p> <p>For Q2/24, the company expects EPS in the range of $1.30-$1.70, compared to the Street estimate of $1.93. For the full year, management sees EPS at $7.75-$8.75, compared to the Street estimate of $8.44.</p>

NYSE:TGT

https://financialmodelingprep.com/market-news/fmp-target-reports-in-line-q1-revenues-&-eps-beat

Davit Kirakosyan

Financial Modeling Prep

IBEX Shares Gain 3% Following Q2 Results

2023-05-18 15:42:00

<p><a href='https://financialmodelingprep.com/financial-summary/IBEX'>IBEX Limited (NASDAQ:IBEX)</a> shares were trading more than 3% higher intra-day today after the company reported its Q2 earnings, with EPS of $0.59 beating the Street estimate of $0.39. However, revenue came in at $131.6 million, worse than the Street estimate of $141.59 million, due to macro pressures, leading management to reduce its 2023 revenue guidance. </p> <p>On the other hand, the results highlight continued adjusted EBITDA margin expansion of 390bps year-over-year, which management views as the new normal for the company, with an expectation for further improvement. </p>

NASDAQ:IBEX

https://financialmodelingprep.com/market-news/fmp-ibex-shares-gain-3-following-q2-results-

Davit Kirakosyan

Financial Modeling Prep

Dynatrace Reports Better Than Expected Q4 Earnings

2023-05-18 15:40:00

<p><a href='https://financialmodelingprep.com/financial-summary/DT'>Dynatrace Inc. (NYSE:DT)</a> reported its Q4 earnings results yesterday, with EPS of $0.31 coming in better than the Street estimate of $0.22. Revenue was $314 million, compared to the Street estimate of $304.9 million.</p> <p>Strong outperformance across the board was highlighted by 28% ARR growth with continued execution and strong profitability. For Q1/24, the company expects revenue of $326.5 million, better than the Street estimate of $321.6 million. For the full year, the company sees revenue at $1.40 billion, beating the Street estimate of $1.37 billion.</p>

NYSE:DT

https://financialmodelingprep.com/market-news/fmp-dynatrace-reports-better-than-expected-q4-earnings

Davit Kirakosyan

Financial Modeling Prep

FedEx’s Price Target Raised to $282 From $240

2023-05-18 15:37:00

<p>Deutsche Bank analysts raised their price target on <a href='https://financialmodelingprep.com/financial-summary/FDX'>FedEx Corporation (NYSE:FDX)</a> to $282 from $240 while reiterating their Buy rating as they believe upcoming results next month can be a meaningful positive catalyst for shares. </p> <p>The analysts are optimistic about the current quarter and believe there is minimal risk involved. They have a positive outlook on the earnings and guidance for 2024 compared to what is generally expected. According to their projections, the earnings per share for fiscal 2024 are estimated to be $20.15, which is 11% higher than the current consensus.</p> <p>The analysts assume about $500 million of structural cost reduction in each of the Express and Ground segments, partially offset by an estimated $500 million in incremental incentive compensation expense.</p>

NYSE:FDX

https://financialmodelingprep.com/market-news/fmp-fedex’s-price-target-raised-to-$282-from-$240

Davit Kirakosyan

Financial Modeling Prep

Keysight Technologies Shares Jump 7% Following Q2 Earnings

2023-05-18 09:22:00

<p><a href='https://financialmodelingprep.com/financial-summary/KEYS'>Keysight Technologies (NYSE:KEYS)</a> shares surged more than 7% yesterday after the company reported its Q2 earnings, with EPS of $2.12 coming in better than the Street estimate of $1.95. Revenue was $1.39 billion, beating the Street estimate of $1.38B.</p> <p>For Q3, the company expects revenue in the range of $1.34-$1.39B, compared to the Street estimate of $1.38B, and EPS in the range of $2.00-$2.06, compared to the Street estimate of $1.96.</p> <p>According to the analysts at Deutsche Bank, investor sentiment has been leaning incrementally negative in recent months, despite a more positive Analyst Day in March where management laid out better than expected multi-year targets. </p>

NYSE:KEYS

https://financialmodelingprep.com/market-news/fmp-keysight-technologies-shares-jump-7-following-q2-earnings-

Davit Kirakosyan

Financial Modeling Prep

TransUnion’s Investor Meeting Takeaways

2023-05-18 09:14:00

<p>RBC Capital analysts provided their key takeaways from <a href='https://financialmodelingprep.com/financial-summary/TRU'>TransUnion (NYSE:TRU)</a> investor meeting with CFO Todd Cello, where he highlighted a portfolio approach with mortgage pricing tailwinds and International strength which should help navigate the tightening lending environment in the US. </p> <p>Separately, Neustar remains on track to deliver high-single-digit growth for 2023, driven by easy comparisons and strong bookings. Lastly, robust margin expansion in the second half of 2023 will be driven by revenue recovery, Neustar synergies, and expense control. Overall, the analysts believe Q2/23 guidance is set for a beat, which could help de-risk 2023 guidance.</p>

NYSE:TRU

https://financialmodelingprep.com/market-news/fmp-transunion’s-investor-meeting-takeaways-

Davit Kirakosyan

Financial Modeling Prep

DigitalBridge’s Q1 Earnings Review

2023-05-17 15:36:00

<p><a href='https://financialmodelingprep.com/financial-summary/DBRG'>DigitalBridge Group, Inc. (NYSE:DBRG)</a> recently reported its Q1 earnings, with Digital IM segment revenues of $62 million increasing 37% year-over-year and 31% sequentially.</p> <p>Total Assets under management (AUM) increased by $16.3 billion sequentially to $67.6 billion at the end of March 2023. Total Fee earnings equity under management (FEEUM) increased by $5.5 billion sequentially to $27.7 billion at the end of March 2023. The company raised new capital totaling $0.7 billion in Q1/23.</p> <p>Management had earlier indicated that its 2023 fundraising will be weighted towards H2/23. Management maintained its 2023 and 2025 guidance.</p>

NYSE:DBRG

https://financialmodelingprep.com/market-news/fmp-digitalbridge’s-q1-earnings-review--

Davit Kirakosyan

Financial Modeling Prep

PTC’s Investor Day Takeaways

2023-05-17 15:30:00

<p>RBC Capital analysts provided their key takeaways from <a href='https://financialmodelingprep.com/financial-summary/PTC'>PTC Inc. (NASDAQ:PTC)</a> Investor Day, noting they came away incrementally bullish around the company's product strategy and competitive differentiation, which likely benefits from the launch of Creo+ in addition to Windchill +, ServiceMax cross-sell, sustainability initiatives and an expanding Ansys partnership. As such, the analysts believe the company remains in a good position to sustain above-peer growth and margin expansion despite an uneven macro environment. </p> <p>The analysts believe recent investments around cloud-based products, the ServiceMax acquisition, expanding partnerships and sustainability initiatives are all helping drive better competitive differentiation vs. peers. The analysts reiterated their Outperform rating and $158 price target on the stock.</p>

NASDAQ:PTC

https://financialmodelingprep.com/market-news/fmp-ptc’s-investor-day-takeaways-

Davit Kirakosyan

Financial Modeling Prep

SAP’s Analysts Day Review

2023-05-17 15:28:00

<p>Oppenheimer shared its key takeaways from <a href='https://financialmodelingprep.com/financial-summary/SAP'>SAP SE (NYSE:SAP)</a> Financial Analyst Day, where management provided an upbeat strategy and financials presentation, consistent messaging around process automation, and an AI-focused innovation path. </p> <p>Highlights included (1) revising the 2025 financial targets which removed a potential reset overhang, (2) deepening partnerships with Microsoft, Google and IBM on generative AI, and (3) announcing a €5 billion share repurchase program. </p> <p>The analysts found that the information shared during the analyst day was more of a small step forward rather than significant, but they still feel optimistic about the company's strategy, the roadmap for generative AI, and the development of their product lineup.</p>

NYSE:SAP

https://financialmodelingprep.com/market-news/fmp-sap’s-analysts-day-review-

Davit Kirakosyan

Financial Modeling Prep

P10 Shares Jump 7% Following Q1 Results

2023-05-17 15:25:00

<p><a href='https://financialmodelingprep.com/financial-summary/PX'>P10, Inc. (NYSE:PX)</a> shares rose nearly 7% yesterday after the company reported its Q1 financial results, with revenue growing 32% year-over-year to $57.3 million. Fee Paying Assets Under Management rose 23% year-over-year to $21.6 billion. Furthermore, the company hiked its annual dividend by 8% to $0.13 per share.</p> <p>The big-picture takeaway from the print is that P10's operating business model is doing what it was designed to do—generate stable operating earnings that grow in line with upwardly trending AUM with relatively little volatility.</p>

NYSE:PX

https://financialmodelingprep.com/market-news/fmp-p10-shares-jump-7-following-q1-results-

Davit Kirakosyan

Financial Modeling Prep

Analog Devices’ Upcoming Q2 Earnings Preview

2023-05-17 11:48:00

<p>RBC Capital analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/ADI'>Analog Devices (NASDAQ:ADI)</a> ahead of the upcoming Q2 earnings, scheduled on May 24.</p> <p>The analysts see an in-line setup to Q2 Street sales/EPS estimates of $3.2 billion/$2.75 but stand cautious on Q3 as semi correction progresses. </p> <p>Counter to peers, management posted beat/raise results led by auto/industrial. Industrial (52% of total revenue) was up 26% year-over-year in Q1 led by automation, sustainable energy, instrumentation, and test. Auto (22% of total revenues) up 30% year-over-year in Q1. According to the analysts, Q2 is expected up slightly.</p>

NASDAQ:ADI

https://financialmodelingprep.com/market-news/fmp-analog-devices’-upcoming-q2-earnings-preview-

Davit Kirakosyan

Financial Modeling Prep

Chimera Investment’s Review Following Q1 Earnings

2023-05-17 11:46:00

<p>RBC Capital analysts updated their estimates on <a href='https://financialmodelingprep.com/financial-summary/CIM'>Chimera Investment (NYSE:CIM)</a> following the recent Q1 earnings results, with EPS of $0.17 coming in better than the Street estimate of $0.16.</p> <p>According to the analysts, the highlight of the quarterly results is a relatively stable BVPS of $7.41, which was close to their estimate and was only a slight 1% quarter-over-quarter decline, in a challenging quarter with market volatility. Consequently, the company generated a 2% economic return in the quarter.</p> <p>According to the analysts, Q1 EAD (earnings available for distribution) less than the common dividend level may raise questions but management indicated the portfolio is still strong and their sense is the earnings power may be relatively unchanged. The analysts reiterated their Outperform rating on the stock but slightly lowered their price target to $6 from $7.</p>

NYSE:CIM

https://financialmodelingprep.com/market-news/fmp-chimera-investment’s-review-following-q1-earnings

Davit Kirakosyan

Financial Modeling Prep

monday.com Shares Jump 16% Following Q1 Beat

2023-05-16 15:06:00

<p><a href='https://financialmodelingprep.com/financial-summary/MNDY'>monday.com Ltd. (NASDAQ:MNDY)</a> shares surged more than 16% yesterday after the company reported its Q1 results, with EPS of $0.14 coming in better than the Street estimate of ($0.28). Revenue was $162.3 million, beating the Street estimate of $155.33 million. The beat was due to fast-paced enterprise gains (1,683 accounts, up 75.3% year-over-year) and healthy new customer activity helped offset ongoing NDR pressure.</p> <p>For Q2/23, the company expects revenue to be in the range of $168-$170 million, compared to the Street estimate of $165.3 million. For the full year, the company sees revenue at $702-$706 million, compared to the Street estimate of $690.7 million.</p>

NASDAQ:MNDY

https://financialmodelingprep.com/market-news/fmp-mondaycom-shares-jump-16-following-q1-beat-

Davit Kirakosyan

Financial Modeling Prep

Home Depot Reports Q1 Beat

2023-05-16 14:58:00

<p><a href='https://financialmodelingprep.com/financial-summary/HD'>Home Depot (NYSE:HD)</a> reported its Q1 results, with EPS of $3.82 coming in worse than the Street estimate of $3.87. Revenue was $37.3 billion, missing the Street estimate of $38.6 billion.</p> <p>While certain more transitory factors likely weighed upon topline trends at HD lately, namely unfavorable weather and still moderating lumber prices, comments from management suggest that underlying demand at the company and within the broader space are likely turning softer as well.</p> <p>The company provided its outlook for fiscal 2023, expecting sales and comparable sales to decline between 2% and 5% year-over-year. </p>

NYSE:HD

https://financialmodelingprep.com/market-news/fmp-home-depot-reports-q1-beat

Davit Kirakosyan

Financial Modeling Prep

Jack Henry & Associates’ Investor Day Key Takeaways

2023-05-16 14:51:00

<p><a href='https://financialmodelingprep.com/financial-summary/JKHY'>Jack Henry & Associates (NASDAQ:JKHY)</a> hosted an upbeat Investor Day that showcased (1) the vision of a cloud-based, open-API banking ecosystem, (2) a financial update, reiterating its 2023 guidance, (3) the company's next-gen solutions, inclusive of its FedNow offering, and (4) the state of the demand environment. </p> <p>While reiterating its 2023 guidance, the company’s CFO provided an updated view on the drivers of the company’s normalized non-GAAP revenue growth profile, which management forecasts to be approximately 7%–8% year-over-year, factoring in conservatism due to expected softening of the consumer impacting the Payments segment (around 20%–25% of segment revenues are tied to consumer sentiment).</p>

NASDAQ:JKHY

https://financialmodelingprep.com/market-news/fmp-jack-henry-&-associates’-investor-day-key-takeaways-

Davit Kirakosyan

Financial Modeling Prep

Welltower’s Review Following Q1 Results

2023-05-16 14:48:00

<p>Analysts at RBC Capital slightly adjusted their 2023 and 2024 FFO/share estimates for <a href='https://financialmodelingprep.com/financial-summary/WELL'>Welltower (NYSE:WELL)</a> and introduced their 2025 estimate of $4.67/share following the Q1 earnings results earlier this month. Q1 EPS was $0.05, worse than the Street estimate of $0.13, while revenue of $1.56 came in above the Street estimate of $1.52 billion.</p> <p>The analysts’ updated outlook is driven by solid SHOP growth and improving investment trends. SHOP growth is picking up as expected, with the same-store portfolio delivering 23.4% NOI growth in Q1/23, and management raised its full-year forecast to 17–24% from 15–24%.</p>

NYSE:WELL

https://financialmodelingprep.com/market-news/fmp-welltower’s-review-following-q1-results

Davit Kirakosyan

Financial Modeling Prep

Custom Truck One Source Reports Q1 Beat

2023-05-16 11:29:00

<p><a href='https://financialmodelingprep.com/financial-summary/CTOS'>Custom Truck One Source, Inc. (NYSE:CTOS)</a> reported its Q1 earnings result, with EPS of $0.06 coming in better than the Street estimate of $0.03. Revenue was $452.2 million, beating the Street estimate of $393.41 million.</p> <p>The company highlighted demand remains strong and alluded to meaningful continuing improvements in the supply chain.</p> <p>Q1/23 Equipment Rental Solutions (ERS) segment revenue grew 25% year-over-year as utilization/equipment on rent/rental yield all improved via strong demand. Q1 Truck and Equipment Sales (TES) segment revenue grew 25% year-over-year as supply chain constraints waned and backlog increased 46% year-over-year.</p>

NYSE:CTOS

https://financialmodelingprep.com/market-news/fmp-custom-truck-one-source-reports-q1-beat

Davit Kirakosyan

Financial Modeling Prep

SelectQuote Reports Better Than Expected Q3 Earnings

2023-05-16 11:27:00

<p><a href='https://financialmodelingprep.com/financial-summary/SLQT'>SelectQuote, Inc. (NYSE:SLQT)</a> reported its Q3 earnings results last week, which came in well above the Street estimates driven by improved operating efficiency from management’s strategic redesign. </p> <p>Revenue came in at $299.4 million, beating the Street estimate of $260.7 million, driven by better-than-expected volume with approved MA policies of 165,000. Improved close rates from longer-tenured agents using higher quality, targeted leads led to a 17% improvement in marketing expense per approved policy. </p> <p>The company continues to gain solid adoption with SelectRx, with membership growing 14.5% sequentially to around 45,000.</p>

NYSE:SLQT

https://financialmodelingprep.com/market-news/fmp-selectquote-reports-better-than-expected-q3-earnings-

Davit Kirakosyan

Financial Modeling Prep

Enviva is Not a Buy Even After 60% Stock Drop

2023-05-15 12:19:00

<p><a href='https://financialmodelingprep.com/financial-summary/EVA'>Enviva Inc (NYSE:EVA)</a> had a rough start to the year with a Q1/23 miss coupled with a guidance reduction and dividend elimination. The company lowered its 2023 adjusted EBITDA guidance to $200-250 million from the $305-$335 million it had affirmed at its investor day on April 3. </p> <p>Although the stock is down around 61% since the earnings release on May 3, analysts at RBC Capital said they will remain on the sidelines until having more visibility into costs and contracted cash flow and see a material improvement in execution. The analyst cut their price target on the stock to $10 from $32 while reiterating their Sector Perform rating.</p>

NYSE:EVA

https://financialmodelingprep.com/market-news/fmp-enviva-is-not-a-buy-even-after-60-stock-drop

Davit Kirakosyan

Financial Modeling Prep

Owl Rock Capital Reports Better Than Expected Q1 Earnings

2023-05-15 12:12:00

<p><a href='https://financialmodelingprep.com/financial-summary/ORCC'>Owl Rock Capital (NYSE:ORCC)</a> reported its Q1 earnings results, with NII (net interest income) of $0.45 beating the Street estimate of $0.43. Total Investment Income was $377.62 million, better than the Street estimate of $364.74 million.</p> <p>The company continues to return capital to shareholders under its new capital return framework. It repurchased a total of $49 million of shares through May 10, under its previously announced $150 million program.</p> <p>According to the analysts at RBC Capital, the company could be on track to deliver over 12% ROE this year. Credit performance in the portfolio is still solid. The analysts expect to gain further insight into the company’s investment approach and potential return profile through cycles at the upcoming investor day.</p>

NYSE:ORCC

https://financialmodelingprep.com/market-news/fmp-owl-rock-capital-reports-better-than-expected-q1-earnings

Davit Kirakosyan

Financial Modeling Prep

Aveanna Healthcare Shares Gain 4% on Q1 Beat

2023-05-15 12:09:00

<p><a href='https://financialmodelingprep.com/financial-summary/AVAH'>Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH)</a> shares rose nearly 4% on Thursday after the company reported its Q1 earnings results, with EPS of ($0.05) coming in better than the Street estimate of ($0.06). Revenue was $466.4 million, beating the Street estimate of $452.58 million.</p> <p>The demand remains strong, and the company seems to be actively working with payers to raise rates and expand capacity. Though the company exceeded Q1 revenue and EBITDA goals, management maintained 2023 guidance, citing the current inflation environment and expected rate adjustments that have yet to be finalized. Management plans to revisit guidance considerations in the back half of the year.</p>

NASDAQ:AVAH

https://financialmodelingprep.com/market-news/fmp-aveanna-healthcare-shares-gain-4-on-q1-beat

Davit Kirakosyan

Financial Modeling Prep

What to Expect From ServiceNow’s Upcoming Analyst Day?

2023-05-15 12:06:00

<p>RBC Capital analysts provided their views on <a href='https://financialmodelingprep.com/financial-summary/NOW'>ServiceNow, Inc. (NYSE:NOW)</a> ahead of the company’s Analyst Day this week.</p> <p>The analysts believe the focus remains on the long-term product roadmap with a heavy dose of generative AI, workflow, and platform spend consolidation. </p> <p>At the 2022 analyst day, subscription revenue guidance moved higher to $11 billion or more in 2024 and $16 billion or more in 2026. Additionally, operating margin guidance moved higher to 27% in 2024 vs. 26.5% at the 2021 analyst day while free cash flow margin was maintained at 33%. </p> <p>Given incremental macro pressure as well as FX headwinds over the past year, the analysts believe most investors think the 2024 revenue guide will move back down to $10 billion for 2024 with free cash flow margins likely in the 31-32% range.</p>

NYSE:NOW

https://financialmodelingprep.com/market-news/fmp-what-to-expect-from-servicenow’s-upcoming-analyst-day?

Davit Kirakosyan

Financial Modeling Prep

KE Holdings’ Upcoming Q1 Earnings Preview

2023-05-14 18:06:00

<p>Citi raised its price target for <a href='https://financialmodelingprep.com/financial-summary/BEKE'>KE Holdings (NYSE:BEKE)</a> to $25.20 from $24.50, while reiterating its Buy rating ahead of the company’s upcoming Q1/23 earnings, scheduled to be released on May 17.</p> <p>The analysts expect the company's earnings to be revised upward due to several factors: successful execution of their strategy, changes in the housing market that favor existing home listings, and being well-positioned in the property agency services sector. </p> <p>The analysts highlighted the growth in new homes and existing homes, with the latter showing significant year-on-year growth. Additionally, they expect revenue from renovation and refurnishing services to contribute positively. The company's adjusted net profit margin is expected to be strong due to reduced operating expenses. </p>

NYSE:BEKE

https://financialmodelingprep.com/market-news/fmp-ke-holdings’-upcoming-q1-earnings-preview-

Davit Kirakosyan

Financial Modeling Prep

Manulife Financial Reports Better Than Expected Q1 Results

2023-05-14 18:03:00

<p><a href='https://financialmodelingprep.com/financial-summary/MFC'>Manulife Financial (NYSE:MFC)</a> reported its Q1 earnings results on Thursday, with EPS of $0.79 coming in better than the Street estimate of $0.59.</p> <p>The company disclosed a Q1 contractual service margin of $14.9 billion, of which $9.7 billion relates to Asia. Core earnings in Asia decreased approximately 1% quarter-over-quarter to $489 million while insurance sales increased 5% quarter-over-quarter, perhaps a start of stronger sales growth ahead.</p> <p>Following the results, analysts at RBC Capital adjusted their EPS estimates to $3.23 (from $3.34) in 2023, $3.53 in 2024, and $3.80 in 2025. Their BVPS (Book value per share) estimate moved to $23.35 (from $22.78) in 2023, $25.37 in 2024, and $27.66 in 2025.</p>

NYSE:MFC

https://financialmodelingprep.com/market-news/fmp-manulife-financial-reports-better-than-expected-q1-results-

Davit Kirakosyan

Financial Modeling Prep

Uniti Shares Up 12% Since Q1 Earnings Announcement

2023-05-12 12:51:00

<p><a href='https://financialmodelingprep.com/financial-summary/UNIT'>Uniti Group (NASDAQ:UNIT)</a> shares rose nearly 12% since the company’s reported Q1 results last week, with revenue of $289.82 million coming in better than the Street estimate of $286.99 million. EPS was ($0.08), compared to the Street estimate of $0.03. </p> <p>Management maintained guidance for revenue and EBITDA and updated FFO and AFFO guidance to reflect business unit level revisions and the impact from recent debt financings and transactions to date.</p> <p>For fiscal 2023, the company expects revenue to be in the range of $1.154-$1.174 billion, compared to the Street estimate of $1.163 billion.</p>

NASDAQ:UNIT

https://financialmodelingprep.com/market-news/fmp-uniti-shares-up-12-since-q1-earnings-announcement-

Davit Kirakosyan

Financial Modeling Prep

Genesis HealthCare Plunge 7% Despite Q1 Beat

2023-05-12 12:49:00

<p><a href='https://financialmodelingprep.com/financial-summary/GEN'>Genesis HealthCare (NASDAQ:GEN)</a> shares fell more than 7% intra-day today despite the company reporting its Q1 earnings results, with EPS of $0.46 coming in better than the Street estimate of $0.44. Revenue was $948 million, compared to the Street estimate of $940 million.</p> <p>According to the analysts at RBC Capital, though the macro and net adds remain a challenge, management remains bullish towards long-term targets as they try to control what they can. As such, management's posture was confident around expanding ARPU and improving retention over the next several quarters.</p> <p>Cost synergies around Avast are being recognized at an accelerated pace with 2/3 of the $300 million targeted to exit 2024 achieved at this point and any additional savings slated to be reinvested to drive growth.</p>

NASDAQ:GEN

https://financialmodelingprep.com/market-news/fmp-genesis-healthcare-plunge-7-despite-q1-beat

Davit Kirakosyan

Financial Modeling Prep

NICE Shares Drop 5% Following Q1 Results

2023-05-12 12:46:00

<p><a href='https://financialmodelingprep.com/financial-summary/NICE'>NICE (NASDAQ:NICE)</a> shares fell more than 5% yesterday after the company reported its Q1 results. While Q1 EPS of $2.03 and revenue of $571.9 million came in better than the Street estimates of $1.98 and $564.02 million, respectively, 2023 guidance missed the Street estimates.</p> <p>2023 EPS is expected to be in the range of $8.32-$8.52, compared to the Street estimate of $8.39, and revenue of $2.35-$2.37 billion, compared to the Street estimate of $2.36 billion.</p> <p>According to the analysts at RBC Capital, they came away with increased confidence in fiscal cloud growth guidance, driven by accelerated cloud migration, improvement in retention/expansion rates, and no signs of disruption from regional bank failures.</p>

NASDAQ:NICE

https://financialmodelingprep.com/market-news/fmp-nice-shares-drop-5-following-q1-results-

Davit Kirakosyan

Financial Modeling Prep

CyberArk Software Shares Gain 4% Following Q1 Earnings

2023-05-12 12:43:00

<p><a href='https://financialmodelingprep.com/financial-summary/CYBR'>CyberArk Software (NASDAQ:CYBR)</a> shares rose nearly 4% yesterday following the company’s reported Q1 results, with EPS of ($0.17) coming in better than the Street estimate of ($0.26). Revenue was $161.7 million, compared to the Street estimate of $162.47 million.</p> <p>The results reflect strong subscription ARR (up 84% year-over-year) and SaaS revenue (up 94% year-over-year) growth balanced by a tougher macro environment, which impacted sales cycles and deal sizes. </p> <p>For Q2/23, the company expects EPS of ($0.19)-($0.09), compared to the Street estimate of ($0.12), and revenue of $170-$175 million, compared to the Street estimate of $175.3 million.</p> <p>For the full year, the company anticipates EPS of $0.16-$0.38, compared to the Street’s $0.16, and revenue of $724-$736 million, compared to the Street’s $730.17 million.</p>

NASDAQ:CYBR

https://financialmodelingprep.com/market-news/fmp-cyberark-software-shares-gain-4-following-q1-earnings-

Davit Kirakosyan

Financial Modeling Prep

JELD-WEN Surges 14% on Solid Q1 Beat

2023-05-12 09:10:00

<p><a href='https://financialmodelingprep.com/financial-summary/JELD'>JELD-WEN Holding, Inc. (NYSE:JELD)</a> gained more than 14% on Tuesday after the company delivered a healthy Q1 beat and raise quarter with solid margins and an increased focus on profitability from new management. </p> <p>Q1 EPS came in at $0.35, better than the Street estimate of $0.06. Revenue was $1.22 billion, beating the Street estimate of $1.1 billion. The company has underperformed operationally for some time and there is significant work left on both profitability and the balance sheet, with proof of sustained improvement needed for investors to become incrementally positive, according to the analysts at RBC Capital.</p>

NYSE:JELD

https://financialmodelingprep.com/market-news/fmp-jeld-wen-surges-14-on-solid-q1-beat

Davit Kirakosyan

Financial Modeling Prep

Traeger Shares Gain 18% Following Q1 Results

2023-05-12 09:08:00

<p><a href='https://financialmodelingprep.com/financial-summary/COOK'>Traeger, Inc. (NYSE:COOK)</a> shares surged more than 18% yesterday after the company reported its Q1 results, with EPS of $0.04 coming in better than the Street estimate of $0.02. Revenue was $153.2 million, in line with the Street expectations.</p> <p>The company's start to 2023 went largely as expected with the business impacted by retailer inventory rightsizing, which will continue into Q2. Management's assumptions for the balance of the year remain intact and led to the full-year guidance being reiterated.</p> <p>The company provided its outlook for the fiscal 2023 year, expecting revenue to be in the range of $560-$590 million, compared to the Street estimate of $578.6 million.</p>

NYSE:COOK

https://financialmodelingprep.com/market-news/fmp-traeger-shares-gain-18-following-q1-results-

Davit Kirakosyan

Financial Modeling Prep

Akamai Stock Jumps 8% on Solid Beat & Raise

2023-05-12 09:04:00

<p><a href='https://financialmodelingprep.com/financial-summary/AKAM'>Akamai Technologies (NASDAQ:AKAM)</a> shares jumped more than 8% on Wednesday after the company reported its Q1 earnings results, with EPS of $1.40 coming in better than the Street estimate of $1.32. Revenue was $916 million, beating the Street estimate of $910.51 million, driven by the Delivery upside, mostly offset by another Security miss.</p> <p>For Q2/23, the company expects EPS in the range of $1.38-$1.42, compared to the Street estimate of $1.35, and revenue in the range of $923-$937 million, compared to the Street estimate of $919 million.</p> <p>For the full year, the company anticipates EPS of $5.69-$5.84, compared to the Street’s $5.48, and revenue of $3.74-3.785 billion, compared to the Street’s $3.73 billion.</p>

NASDAQ:AKAM

https://financialmodelingprep.com/market-news/fmp-akamai-stock-jumps-8-on-solid-beat-&-raise

Davit Kirakosyan

Financial Modeling Prep