title
stringlengths 16
122
| date
stringlengths 19
19
| content
stringlengths 255
1.95k
| tickers
stringlengths 0
186
| image
stringlengths 66
66
| link
stringlengths 66
171
| author
stringclasses 1
value | site
stringclasses 1
value |
|---|---|---|---|---|---|---|---|
SMART Global Holdings’ Upcoming Q2 Earnings Preview | 2023-03-27 16:14:00 | <p>Deutsche Bank analysts shared their views on <a href='https://financialmodelingprep.com/financial-summary/SGH'>SMART Global Holdings, Inc. (NASDAQ:SGH)</a> ahead of the upcoming Q2/23 earnings announcement on April 4, highlighting near-term risks.</p>
<p>The analysts expect the company to report in line quarterly results, with strength in Intelligent Platform Solutions (IPS) offsetting weakness in Memory and LED. That said, Q3 guidance could come in below the Street estimates, with risks to all three businesses. </p>
<p>The analysts noted that IT hardware peers have guided conservatively for Q2 citing more cautious budgets and lengthening sales cycles, although AI/HPC is a bright spot which is the company's focus. In addition, memory pricing remains challenging, while slow economic growth could delay inventory depletion in the LED market. </p>
<p>Despite increasing macro headwinds in the near term, analysts expect the company to focus on things it can control, by improving gross margin and increasing the mix of recurring service revenues, especially in the IPS business, and hence its EPS should be more resilient than in past cycles.</p>
| NASDAQ:SGH | https://financialmodelingprep.com/market-news/fmp-smart-global-holdings’-upcoming-q2-earnings-preview- | Davit Kirakosyan | Financial Modeling Prep |
|
Coinbase Downgraded to Perform, Shares Plunge 14% | 2023-03-24 05:28:00 | <p>Oppenheimer has lowered its rating on <a href='https://financialmodelingprep.com/financial-summary/COIN'>Coinbase Global, Inc. (NASDAQ:COIN)</a> from Outperform to Perform because of recent events. These developments consist of the SEC's Wells Notice and the Economic Report of the President's unfavorable assessment of the digital asset sector. As a result, the company’s shares dropped more than 14% yesterday.</p>
<p>The analysts expressed concerns about blockchain development in the US after the failure of three banks and these actions from authorities suggest their negative attitude towards the industry. Despite their support for digital asset development in the US, the analysts are concerned about the fairness of enforcement actions and the limited support from the US banking system in the current regulatory climate. </p>
<p>Coinbase has not received clear information from the SEC regarding which products are being targeted and on what grounds. They believe it may be related to spot market, staking/Earn, Prime, and Wallet. Coinbase has met with the SEC over 30 times in the past nine months, but has not received any feedback on how to register or what changes to make.</p>
| NASDAQ:COIN | https://financialmodelingprep.com/market-news/fmp-coinbase-downgraded-to-perform-shares-plunge-14 | Davit Kirakosyan | Financial Modeling Prep |
|
Tyra Biosciences’ Q4 Review | 2023-03-24 05:26:00 | <p><a href='https://financialmodelingprep.com/financial-summary/TYRA'>Tyra Biosciences, Inc. (NASDAQ:TYRA)</a> reported its Q4/22 results yesterday. According to CEO Alan Fuhrman, the company is starting off 2023 in a very favorable financial position. As of the end of 2022, the company had $251.2 million in cash and cash equivalents, which is more than enough to support its ongoing development plans across its precision medicine platform for over two years.</p>
<p>Last week, analysts at Oppenheimer hosted the company at their healthcare conference, where management shared thoughts about the company’s recent decision to expand TYRA-300's development into achondroplasia—as well as their expectations for the recently initiated SURF301 trial. </p>
<p>The analysts came away with greater conviction in the scope of TYRA-300's potential market opportunity, which they believe is probably underappreciated, given middling sales from pan-FGFR inhibitors (e.g., erdafitinib) in metastatic urothelial carcinoma (mUC). </p>
<p>Unlike erdafitinib, TYRA-300 was designed to dial out off-target toxicities, which the analysts believe could not only translate to better efficacy in mUC—but could also make the case for expansion into earlier lines of treatment and non-oncology indications (e.g., achondroplasia).</p>
| NASDAQ:TYRA | https://financialmodelingprep.com/market-news/fmp-tyra-biosciences’-q4-review | Davit Kirakosyan | Financial Modeling Prep |
|
Chewy Shares Drop 7% Following Q4 Earnings Announcement | 2023-03-23 18:03:00 | <p><a href='https://financialmodelingprep.com/financial-summary/CHWY'>Chewy (NYSE:CHWY)</a> shares plunged more than 7% today after the company reported its Q4 results, with EPS and revenue beat but user declines. Pricing was the main upside driver across the P&L. Q4 EPS was $0.16, beating the Street estimate of ($0.11). Revenue came in at $2.71 billion, better than the Street estimate of $2.64 billion.</p>
<p>Following the results announcement, Deutsche Bank downgraded the stock to Hold from Buy and lowered its price target to $35.00 from $41.00, noting that the user outlook for 2023 indicates that although there will be a shift towards positivity among users this year, the level of growth in users is expected to be modest at most.</p>
<p>While the analysts appreciate that the macro environment remains an overhang to user growth, they believe investors need confidence in the user growth trajectory in order to confidently underwrite upside to either estimates or valuation and this is something that is in short supply for the company at the moment.</p>
| NYSE:CHWY | https://financialmodelingprep.com/market-news/fmp-chewy-shares-drop-7-following-q4-earnings-announcement- | Davit Kirakosyan | Financial Modeling Prep |
|
Petco Health and Wellness Shares Down 20% Since Q4 Earnings Report | 2023-03-23 18:00:00 | <p><a href='https://financialmodelingprep.com/financial-summary/WOOF'>Petco Health and Wellness (NASDAQ:WOOF)</a> shares fell around 20% since the company reported mixed Q4 results and a soft outlook on Wednesday.</p>
<p>Q4 EPS and revenue came in at $0.23 and $1.58 billion (up 4% year-over-year), compared to the Street estimates of $0.24 and $1.57 billion, respectively. </p>
<p>For the full 2024 year, the company expects revenue to be in the range of $6.15-6.28 billion, missing the Street estimate of $6.38 billion.</p>
<p>According to the analysts at RBC Capital, the mix shift to consumables, exposure to variable rate debt, and uncertainty around sponsor ownership remain overhangs. Overall, the analysts remain of the view that Petco is on solid footing fundamentally but it will likely take mix shifting back to discretionary to get the stock working again. They lowered the price target on the stock to $10 from $14, while reiterating their Outperform rating.</p>
| NASDAQ:WOOF | https://financialmodelingprep.com/market-news/fmp-petco-health-and-wellness-shares-down-20-since-q4-earnings-report | Davit Kirakosyan | Financial Modeling Prep |
|
Ollie's Bargain Outlet Shares Surge 10% on Q4 Beat | 2023-03-23 17:57:00 | <p><a href='https://financialmodelingprep.com/financial-summary/OLLI'>Ollie's Bargain Outlet (NASDAQ:OLLI)</a> shares jumped nearly 10% on Wednesday after the company reported its Q4 results, with EPS of $0.84 coming in better than the Street estimate of $0.79. Revenue was $549.8 million, beating the Street estimate of $542.18 million.</p>
<p>The company provided its outlook for fiscal 2023, expecting EPS in the range of $2.49-$2.58, compared to the Street estimate of $2.38, and revenue in the range of $2.036-2.058 billion, compared to the Street estimate of $2 billion.</p>
<p>While RBC Capital analysts believe the team still has more to prove, they believe sequential progress is evidence of the fact that 2021/2022 weakness was not driven by structural changes to the business. Looking forward, the analysts expect more stable top-line trends led by inventory availability, a somewhat less promotional retail environment plus consumer tradedown. The analysts also expect steady gross margin improvement on the back of easing supply chain costs.</p>
| NASDAQ:OLLI | https://financialmodelingprep.com/market-news/fmp-ollies-bargain-outlet-shares-surge-10-on-q4-beat | Davit Kirakosyan | Financial Modeling Prep |
|
Autodesk’s 2023 Investor Day Takeaways | 2023-03-23 17:54:00 | <p>Deutsche Bank analysts provided their key takeaways from <a href='https://financialmodelingprep.com/financial-summary/ADSK'>Autodesk, Inc. (NASDAQ:ADSK)</a> 2023 Investor Day, noting they feel more confident about the company's ability to sustain 10-15% revenue growth with 30- 35% free cash flow margins over the medium-to-long-term. </p>
<p>In addition to secular market trends which remain in their favor, emphasis on the pace of internal innovation at Autodesk should enable the company to maintain and perhaps extends its competitive positioning as they disrupt the industry along with itself. </p>
<p>The focal point around Autodesk Platform Services and Industry Clouds (Forma, Fusion, Flow) highlights management's understanding of where the future is going, though the analysts note the migration from a file-based workflow to data/model-based workflows will likely play out over the next decade with limited near-term financial benefit while requiring ongoing investment.</p>
| NASDAQ:ADSK | https://financialmodelingprep.com/market-news/fmp-autodesk’s-2023-investor-day-takeaways- | Davit Kirakosyan | Financial Modeling Prep |
|
KB Home Reports Q1 Beat, Shares Up 2% | 2023-03-23 06:24:00 | <p>Shares of <a href='https://financialmodelingprep.com/financial-summary/KBH'>KB Home (NYSE:KBH)</a> rose more than 2% pre-market today following the company's Q1 results announcement. The company reported EPS of $1.45, surpassing the Street estimate of $1.15. Additionally, the company's revenue of $1.38 billion, which remained relatively stable year-over-year, exceeded the Street estimate of $1.31 billion. The number of homes delivered decreased by 3% year-over-year to 2,788, but the average selling price rose by 2% to $494,500.</p>
<p>The company also provided its full-year 2023 outlook, expecting housing revenues between $5.20 billion and $5.90 billion, with an average selling price range of $480,000 to $490,000. Moreover, the company announced a new authorization to repurchase up to $500 million of its common stock, replacing a prior authorization with $75 million remaining.</p>
| NYSE:KBH | https://financialmodelingprep.com/market-news/fmp-kb-home-reports-q1-beat-shares-up-2 | Davit Kirakosyan | Financial Modeling Prep |
|
PayPal Holdings' CEO Schulman Notes Improvement in the E-commerce | 2023-03-23 06:22:00 | <p>During an in-person meeting with Deutsche Bank yesterday, <a href='https://financialmodelingprep.com/financial-summary/PYPL'>PayPal Holdings, Inc. (NASDAQ:PYPL)</a> President and CEO, Dan Schulman, stated that he is seeing an improvement in the e-commerce market. </p>
<p>According to the company, the e-commerce sector is showing stronger growth than originally anticipated. Initially, the forecast for fiscal 2023 predicted a small decline or only slight growth. However, the latest projections indicate growth in the mid-single digits to slightly higher than expected.</p>
<p>PayPal aims to maintain its stable branded growth share and gain more unbranded share through Braintree, as the company is confident about achieving margin expansion for several years. </p>
<p>Despite the competitive threat posed by Shop Pay, PayPal regards its association with Shopify as a co-opetition and has faith that Shopify will remain a significant portion of the business.</p>
<p>With regards to Apple, management noted that while Apple Pay has certain advantages on mobile, they believe PayPal is closing the gap in areas such as authentication methodology, which should help in the competitive dynamic over time.</p>
| NASDAQ:PYPL | https://financialmodelingprep.com/market-news/fmp-paypal-holdings-ceo-schulman-notes-improvement-in-the-e-commerce | Davit Kirakosyan | Financial Modeling Prep |
|
Nike Beats Q3 Estimates, But Shares Drop 4% on Margin Pressure Warning | 2023-03-22 19:49:00 | <p><a href='https://financialmodelingprep.com/financial-summary/NKE'>Nike (NYSE:NKE)</a> shares fell more than 4% on Wednesday after the company reported its Q3 results, which beat estimates, but the company has cautioned about the challenges of maintaining margins due to the ongoing effort to clear out excess inventory by offering significant discounts.</p>
<p>Q3 EPS came in at $0.79, better than the Street estimate of $0.55. The company's revenue for the quarter amounted to $12.4 billion, surpassing the Street estimate of $11.47 billion.</p>
<p>As a result of the robust Q3 performance, Nike now predicts that its reported revenue for fiscal 2023 will increase in the high single digits, representing an improvement from the mid-single-digit guidance provided in the previous quarter, despite foreign exchange headwinds of around 600 basis points. This estimate translates into flat to low single-digit revenue growth for Q4.</p>
| NYSE:NKE | https://financialmodelingprep.com/market-news/fmp-nike-beats-q3-estimates-but-shares-drop-4-on-margin-pressure-warning | Davit Kirakosyan | Financial Modeling Prep |
|
Key Takeaways From Adobe Summit | 2023-03-22 19:46:00 | <p>RBC Capital analysts provided their takeaways from <a href='https://financialmodelingprep.com/financial-summary/ADBE'>Adobe Inc. (NASDAQ:ADBE)</a> Summit conference and the corresponding investor Q&A session where management focused on bridging the gap between creative and experience. </p>
<p>The highlight of the event was the introduction of Firefly, Adobe's generative AI model, into beta, as well as partnerships in the space in Nvidia and Microsoft/OpenAI. </p>
<p>According to the analysts, both by reaction during meetings and also in individual discussions with customers, Adobe's tools for streamlining creative solutions into the experience workflow were well-received, particularly allowing marketers and creatives to come together in the new Express for Enterprise as well as tools around composability, allowing users to edit anywhere such as editing a webpage from a word doc.</p>
<p>The analysts raised their price target to $415 from $395 as they continue to view Adobe as well positioned in generative AI which should be a catalyst to investor sentiment.</p>
| NASDAQ:ADBE | https://financialmodelingprep.com/market-news/fmp-key-takeaways-from-adobe-summit- | Davit Kirakosyan | Financial Modeling Prep |
|
AAR Shares Surge 5% on Better Than Expected Q3 Revenues | 2023-03-22 19:43:00 | <p><a href='https://financialmodelingprep.com/financial-summary/AIR'>AAR Corp. (NYSE:AIR)</a> shares gained around 5% on Wednesday after the company reported its Q3 results, with EPS of $0.75 meeting the Street estimates. Revenue grew 15% year-over-year to $521 million, beating the Street estimate of $487.4 million.</p>
<p>Commercial sales were up 28% and government sales were down 3%. The company expects similar sales growth results for Q4, driven by a further recovery in commercial, slightly offset by soft government sales. </p>
<p>The company again delivered on margin expansion with adjusted gross margins of 18.1% compared to 17.3% in Q3/22. Management noted that it is submitting a few bids in the hope of generating government contract awards for 2024, but unless something is announced, government is likely to weigh on results in the near term, with flat sales in 2024.</p>
| NYSE:AIR | https://financialmodelingprep.com/market-news/fmp-aar-shares-surge-5-on-better-than-expected-q3-revenues | Davit Kirakosyan | Financial Modeling Prep |
|
Roper Technologies’ First-Ever Analyst Meeting Review | 2023-03-22 19:41:00 | <p>RBC Capital provided its key takeaways from <a href='https://financialmodelingprep.com/financial-summary/ROP'>Roper Technologies, Inc. (NYSE:ROP)</a> first-ever analyst meeting, where the company showcased its business model, leadership team, growth algorithm, and culture.</p>
<p>There was no update to 2023 guidance, but the company did make its case for how its current mid-single-digit organic revenue cadence should be stepping up to mid-to-high-single-digits.</p>
<p>The analysts continue to see the company as well positioned in its pivot to 75% niche software markets with high free cash flow. </p>
<p>According to the analysts, the attractive M&A funnel should help Roper achieve its double-digit total revenue growth goal over the next 5 years. The analysts expect shares to benefit in a risk-off environment and reiterate their Outperform rating and $528 price target.</p>
| NYSE:ROP | https://financialmodelingprep.com/market-news/fmp-roper-technologies’-first-ever-analyst-meeting-review | Davit Kirakosyan | Financial Modeling Prep |
|
GameStop Shares Soar 50% on Better Than Expected Q4 Report | 2023-03-22 15:43:00 | <p><a href='https://financialmodelingprep.com/financial-summary/GME'>GameStop (NYSE:GME)</a> shares jumped more than 50% intra-day today after the company reported its first profitable quarter since January 2021. The company reported a net income of $48.2 million, which stands in stark contrast to the $147.5 million net loss it incurred during the prior year's fourth quarter. </p>
<p>Q4 EPS was $0.16, coming in above the Street estimate of ($0.13). Revenue of $2.23 billion also beat the Street estimate of $2.18 billion. During a post-earnings call with investors on Tuesday, GameStop CEO Matt Furlong attributed the company's profit to cost-cutting measures, adding that it is focused on future profitability and long-term growth. </p>
| NYSE:GME | https://financialmodelingprep.com/market-news/fmp-gamestop-shares-soar-50-on-better-than-expected-q4-report | Davit Kirakosyan | Financial Modeling Prep |
|
Carvana Shares Jump 29% Intra-Day on Bond Exchange Plan | 2023-03-22 15:41:00 | <p><a href='https://financialmodelingprep.com/financial-summary/CVNA'>Carvana (NYSE:CVNA)</a> shares surged more than 29% intra-day today after the troubled online auto dealership revealed a significant debt restructuring plan that increases its chances of avoiding bankruptcy. </p>
<p>The restructuring involves postponing a large bond redemption deadline by three years from 2025 and offering payment-in-kind (PIK) to conserve cash. </p>
<p>Bondholders can exchange bonds with a nominal value of $1 billion for new notes that pay higher interest but don't fall due until 2028, with payment options of 9% annually in cash or 12% on a PIK basis. </p>
<p>The restructuring will include the 5.625% unsecured notes due in 2025 and the 10.25% unsecured notes due in 2030. The debt will be secured by a second-priority claim on assets such as vehicles, and the exchange prices offer will range from $0.6125 to $0.8087 on the dollar, depending on when the notes are submitted. Despite the pandemic boom, Carvana had never been profitable and reported a significant loss of $1.6 billion last year, despite its revenue more than tripling since the last full year before the pandemic.</p>
| NYSE:CVNA | https://financialmodelingprep.com/market-news/fmp-carvana-shares-jump-29-intra-day-on-bond-exchange-plan | Davit Kirakosyan | Financial Modeling Prep |
|
What to Expect From General Mills’ Q3 Earnings Tomorrow? | 2023-03-22 15:38:00 | <p>Analysts at RBC Capital provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/GIS'>General Mills, Inc. (NYSE:GIS)</a> ahead of tomorrow’s Q3 earnings announcement, expecting adjusted EPS of $0.93 (vs Street estimate of $0.92) and organic growth of 11.5% (vs. Street estimate 11.7%). </p>
<p>The analysts expect pricing to continue offsetting comparatively mild volume softness, given the trends in scanner data. According to the analysts, ongoing stabilization in the pet food business should support the modest gross margin expansion that the company expects in 2023. </p>
<p>The company raised its 2023 guidance in late February (after raising the guide on the Q2 call), calling for organic sales growth of 10% (vs. prior 8-9%), and adjusted EPS growth of 7-8% (vs. prior 4-6%). </p>
<p>Given the intra-quarter update, the analysts expect the company to reiterate its outlook for the remainder of the year.</p>
| NYSE:GIS | https://financialmodelingprep.com/market-news/fmp-what-to-expect-from-general-mills’-q3-earnings-tomorrow? | Davit Kirakosyan | Financial Modeling Prep |
|
Amazon to Cut Another 9,000 Jobs | 2023-03-22 06:04:00 | <p><a href='https://financialmodelingprep.com/financial-summary/AMZN'>Amazon (NASDAQ:AMZN)</a> said it plans to reduce its workforce by an additional 9,000 jobs soon. This move is part of a trend of major technology firms laying off employees in response to the current economic slowdown and higher interest rates. </p>
<p>Amazon CEO Andy Jassy announced the job cuts in a memo to staff, stating that the reductions will mainly affect the company's Cloud hosting division, Amazon Web Services, its advertising unit, and its videogame streaming service Twitch. The HR division, now known as PXT, will also experience cuts. </p>
<p>Jassy explained that this was a challenging decision but necessary for the company's long-term success, as Amazon aims to become more efficient. Only two months ago, Amazon confirmed a previous round of 18,000 job cuts. This announcement follows Meta Platforms' recent announcement of another significant round of job cuts.</p>
| NASDAQ:AMZN | https://financialmodelingprep.com/market-news/fmp-amazon-to-cut-another-9000-jobs | Davit Kirakosyan | Financial Modeling Prep |
|
Graphite Bio Shares Down 4% Following Q4 Earnings Announcement | 2023-03-22 06:02:00 | <p><a href='https://financialmodelingprep.com/financial-summary/GRPH'>Graphite Bio, Inc. (NASDAQ:GRPH)</a> shares fell more than 4% yesterday after the company announced recent business progress and Q4 earnings results.</p>
<p>By the end of December 31, 2022, the total amount of cash, cash equivalents, and investments in marketable securities amounted to $283.6 million. Research and development expenses incurred during Q4 amounted to $18.5 million. The net loss for the period was $24.6 million, which translates to a basic and diluted loss of $0.44 per share.</p>
<p>After a voluntary clinical pause in January, the company decided to discontinue the lead program for SCD in February and is seeking strategic alternatives. Recall, the company is also preserving capital by reducing headcount by 50%. With $283.6 million in cash, management indicated all potential options (including reverse merger) are on the table.</p>
| NASDAQ:GRPH | https://financialmodelingprep.com/market-news/fmp-graphite-bio-shares-down-4-following-q4-earnings-announcement- | Davit Kirakosyan | Financial Modeling Prep |
|
Key Takeaways From MSCI’s CTO Meeting | 2023-03-22 05:59:00 | <p>RBC Capital analysts provided their key takeaways from their meeting with <a href='https://financialmodelingprep.com/financial-summary/MSCI'>MSCI Inc. (NYSE:MSCI)</a> CTO Jigar Thakkar to discuss the company's hybrid multi-cloud technology transformation leveraging best-of-breed capabilities from Azure, GCP, and Snowflake. </p>
<p>The company is delivering on its ISaaS strategy with more than a dozen services live on the platform. According to the analysts, the real-time demo of MSCI ONE highlighted the power of the all-weather franchise as it builds on ISaaS and synergistically combines MSCI's next-gen applications and strength in Indices, ESG, Climate, Risk models, and Analytics. </p>
<p>On GenerativeAI, the company is looking at ChatGPT and Bard, and expects solid potential over the mid-term as the technology matures.</p>
| NYSE:MSCI | https://financialmodelingprep.com/market-news/fmp-key-takeaways-from-msci’s-cto-meeting | Davit Kirakosyan | Financial Modeling Prep |
|
Meta Platforms Upgraded at Morgan Stanley on Ongoing Drive to Slash Costs | 2023-03-21 17:03:00 | <p><a href='https://financialmodelingprep.com/financial-summary/META'>Meta Platforms (NASDAQ: META)</a> shares rose more than 2% on Tuesday after Morgan Stanley upgraded the company from Equal Weight to Overweight, citing the company's ongoing drive to slash costs.</p>
<p>The rating change followed Meta’s announcing it would lay off another 10,000 workers as part of an expense reduction campaign that CEO Mark Zuckerberg has dubbed the "Year of Efficiency." Around 5,000 open roles will also be closed.</p>
<p>This represents the second round of job cuts at the company in the last six months. Meta announced 11,000 employees or about 13% of its total workforce cut in November 2022.</p>
<p>Morgan Stanley analysts believe that Zuckerberg's cost-cutting measures will continue beyond 2023 and will lead to a "structural and cultural pivot" towards a leaner organization focused on investor returns. They also hope that Meta's actions will serve as an example for other tech giants like Amazon and Alphabet to adopt more discipline in their operations. </p>
<p>Overall, the analysts expressed bullish sentiment towards Meta due to their newly embraced structural discipline.</p>
| NASDAQ:, META | https://financialmodelingprep.com/market-news/fmp-meta-platforms-upgraded-at-morgan-stanley-on-ongoing-drive-to-slash-costs | Davit Kirakosyan | Financial Modeling Prep |
|
Foot Locker’s Investor Day Review | 2023-03-21 17:00:00 | <p>Deutsche Bank lowered its price target on <a href='https://financialmodelingprep.com/financial-summary/FL'>Foot Locker, Inc. (NYSE:FL)</a> to $36 from $42 after attending the company’s Investor Day, where new CEO Mary Dillon revealed the company’s “Lace Up” plan and provided financial targets through 2026. </p>
<p>The plan consists of four key pillars: (1) expanding sneaker culture, (2) powering up the company’s portfolio, (3) deepening the company’s relationship with customers, and (4) offering a best-in-class omnichannel experience. </p>
<p>As expected, fiscal 2023 is planned to be a transition year as the company resets its Nike penetration, repositions Champs Sports, optimizes its store fleet, absorbs exit costs, and drives cost savings. </p>
<p>In addition, the company will be increasing investments in its loyalty program, global brand platforms, and technology, which have been lagging industry peers. Ultimately, these efforts are anticipated to lead to sustainable growth in the years 2024- 2026 (sales growth targeted up 5-6% annually) with further opportunities beyond for improvement.</p>
| NYSE:FL | https://financialmodelingprep.com/market-news/fmp-foot-locker’s-investor-day-review | Davit Kirakosyan | Financial Modeling Prep |
|
Aveanna Healthcare Shares Down 16% Since Q4 Earnings Release | 2023-03-21 15:00:00 | <p><a href='https://financialmodelingprep.com/financial-summary/AVAH'>Aveanna Healthcare (NASDAQ:AVAH)</a> shares fell around 16% since the company’s reported Q4 earnings results last week, with revenue coming in at $451.1 million, up 9% year-over-year. Gross margin grew 3.5% year-over-year to $128.8 million.</p>
<p>Management provided its fiscal 2023 outlook, expecting revenue of at least $1.84 billion and adjusted EBITDA of at least $130 million. Management notes that demand for the company's PDS services remains very strong, but capacity remains constrained as it needs adequate rate increases from payers in order to recruit and retain nurses.</p>
<p>RBC Capital analysts said they are not surprised to see the company reset expectations given the new CEO and multiple guide-downs during 2022. Demand remains robust and the company appears to be taking the appropriate steps with payers to increase rates and unlock capacity. </p>
| NASDAQ:AVAH | https://financialmodelingprep.com/market-news/fmp-aveanna-healthcare-shares-down-16-since-q4-earnings-release | Davit Kirakosyan | Financial Modeling Prep |
|
Key Takeaways From Aptiv’s CFO Meeting | 2023-03-21 14:58:00 | <p>RBC Capital analysts provided their key takeaways from <a href='https://financialmodelingprep.com/financial-summary/APTV'>Aptiv PLC (NYSE:APTV)</a> meeting with the company’s CFO Joe Massaro. </p>
<p>The company is still calling for a 1% global production decline for 2023 vs IHS Markit's 3.5% level and Volkswagen's 15% volume growth expectation. </p>
<p>The analysts tend to agree with Aptiv as its SPS division is in one out of every three vehicles on the globe and the company gets a 12-week rolling forecast from its OEM customers. Further, the analysts think Volkswagen overshot on its forecast given it only expects a low single-digit decline in price/mix.</p>
<p>The company expects to stay at investment grade and rating agencies understand that much of the leverage has come from recent M&A. Further, $1 billion of debt is prepayable and the company has pushed out maturities. Finally, the company’s 2025 and 2030 forecast is robust and defended by the fact that the company books business 2-3 years out and programs last 5-7 years.</p>
| NYSE:APTV | https://financialmodelingprep.com/market-news/fmp-key-takeaways-from-aptiv’s-cfo-meeting | Davit Kirakosyan | Financial Modeling Prep |
|
Chewy’s Upcoming Q4 Earnings Preview | 2023-03-21 14:54:00 | <p><a href='https://financialmodelingprep.com/financial-summary/CHWY'>Chewy (NYSE:CHWY)</a> is set to report its Q4 results tomorrow. Analysts at Oppenheimer expect Q4 EBITDA of $25 million, in line with the Street estimates. This is predicated on sales growth of 10.8% vs. management’s guidance of 10.0-11.0%. </p>
<p>The analysts expect continued top-line momentum driven by strength in the consumables category to more than offset declines in the company's more discretionary hard goods offering.</p>
<p>On the guidance front, Oppenheimer believes Street 2023 estimates are realistic, but management forecasts likely incorporate conservatism, especially in the hard goods category, amid macro uncertainty similar to guides seen thus far in their retail coverage. </p>
<p>On the margin front, the analysts expect healthy expansion year-over-year in Q4 and believe fiscal 2023 sets up for more gains.</p>
| CHWY | https://financialmodelingprep.com/market-news/fmp-chewy’s-upcoming-q4-earnings-preview- | Davit Kirakosyan | Financial Modeling Prep |
|
Nkarta Reports Q4 Results and Reaffirms Guidance | 2023-03-21 14:52:00 | <p><a href='https://financialmodelingprep.com/financial-summary/NKTX'>Nkarta, Inc. (Nasdaq: NKTX)</a>, a biopharmaceutical company focused on developing engineered natural killer (NK) cell therapies for cancer treatment, reported its Q4 earnings, reaffirmed its prior guidance that updated results from NKX101’s Phase 1 trial will be reported in H1/23. </p>
<p>Analysts Oppenheimer believe the readout will be an important indicator of sentiment for the cancer cell therapy field. According to the analysts, NKX101 is one of the first cell therapies to show clear activity in AML. How the stock reacts to the H1/23 update could very well be a signal of things to come from a market perspective, especially if the data are good but not flawless. The analysts continue to believe the program must show promise at treating patients with high-burden diseases.</p>
| Nasdaq:, NKTX | https://financialmodelingprep.com/market-news/fmp-nkarta-reports-q4-results-and-reaffirms-guidance- | Davit Kirakosyan | Financial Modeling Prep |
|
Oatly Shares Gain 18% Since Q4 Earnings Announcement | 2023-03-20 16:44:00 | <p><a href='https://financialmodelingprep.com/financial-summary/OTLY'>Oatly (NASDAQ:OTLY)</a> shares rose nearly 18% since the company’s reported Q4 results last week, with revenue of $195.1 million coming in better than the Street estimate of $180.4 million. EPS was ($0.21), compared to the Street estimate of ($0.14). </p>
<p>A surprisingly strong top-line performance, coupled with margin recovery and $425 million of fresh financing (that is expected to fuel growth until positive free cash flow), sets up the company well into 2023 and beyond. </p>
<p>While weaker pricing in Asia and lagging US growth should both be resolved in the near term, long-term gross margin and EBITDA margin targets were lowered as expected.</p>
<p>For fiscal 2023, the company expects revenue growth in the range of 23%-28% on a constant currency basis.</p>
| NASDAQ:OTLY | https://financialmodelingprep.com/market-news/fmp-oatly-shares-gain-18-since-q4-earnings-announcement- | Davit Kirakosyan | Financial Modeling Prep |
|
Ford’s New Segment Reporting Preview | 2023-03-20 16:42:00 | <p>Deutsche Bank analysts provided a preview of <a href='https://financialmodelingprep.com/financial-summary/F'>Ford Motor Company (NYSE:F)</a> regarding new segment reporting. The company is expected to disclose profits/losses for its three new business units, Ford Blue, Ford Pro, and Model e, and the analysts estimate the respective segment economics and believe that the EV business could report much deeper losses than investors expect, which could make Ford’s target for 8% EV EBIT margin by 2026 particularly difficult to achieve. </p>
<p>Deutsche Bank’s analysis suggests that based on an EV cost disadvantage of $25,000-27,000 per vehicle disclosed by Jim Farley last year, Ford could be incurring gross losses of $9,000 per EV unit, and its Model e segment may report $6 billion in 2022 operating losses after accounting for approximately 65% of the automaker’s R&D investments. </p>
<p>While a potential silver lining from Ford’s new disclosures could be the high profitability of its Ford Pro business, the analysts wonder if this could come under pressure as the segment ramps up vehicles with expensive electric powertrains, potentially offsetting the benefit from higher take-rate of software, telematics, and services.</p>
| NYSE:F | https://financialmodelingprep.com/market-news/fmp-ford’s-new-segment-reporting-preview | Davit Kirakosyan | Financial Modeling Prep |
|
Dollar General Shares Down 4% Since Reporting a Q4 Miss | 2023-03-19 19:53:00 | <p><a href='https://financialmodelingprep.com/financial-summary/DG'>Dollar General (NYSE:DG)</a> shares fell more than 4% since the company’s reported Q4 results on Thursday, with EPS of $2.96 coming in worse than the Street estimate of $2.99. Revenue was $10.2 billion, missing the Street estimate of $10.25 billion.</p>
<p>For fiscal 2023, the company expects net sales growth to be in the range of 5.5%-6% and same-store sales (SSS) growth in the range of 3.0%-3.5%.</p>
<p>According to the analysts at Deutsche Bank, there were few surprises from the earnings release given the Feb 23 pre-announcement with Q4 EPS coming in at the high end of guidance and 2023 SSS and EPS growth reiterated. </p>
<p>That said, 2023 appears to be much more back-end loaded than what the market was anticipating, and the decline in planned buyback activity ($500 million vs. $2.6 billion three-year average) seems to reflect, in part, elevated capital spending. </p>
<p>In addition, investors will likely focus on the continued gross margin pressure, stemming from a higher degree of damages/supply-chain costs that are carrying into Q1, as well as ongoing product mix headwinds and higher shrink.</p>
| NYSE:DG | https://financialmodelingprep.com/market-news/fmp-dollar-general-shares-down-4-since-reporting-a-q4-miss | Davit Kirakosyan | Financial Modeling Prep |
|
DigitalOcean Downgraded to Perform at Oppenheimer | 2023-03-19 19:49:00 | <p>Oppenheimer downgraded <a href='https://financialmodelingprep.com/financial-summary/DOCN'>DigitalOcean Holdings, Inc. (NYSE:DOCN)</a> to Perform from Outperform. Despite organic revenue being essentially flat for three quarters, the company aggressively guided to 23% revenue growth in 2023. The company is indexed to SMBs, which the analysts expect to come under more pressure as funding becomes scarce, and we enter a potential recession. </p>
<p>The company recently extended its $1.0 billion revenue guidance from 2024 to 2025, but analysts now see 2026 as more likely. Positively, Free cash flow is a major focus, guided to 22% for 2023, but cloud is a capital-intensive business and prior stalwarts have rarely sustained 25%- plus fee cash flow margins perpetually.</p>
| NYSE:DOCN | https://financialmodelingprep.com/market-news/fmp-digitalocean-downgraded-to-perform-at-oppenheimer | Davit Kirakosyan | Financial Modeling Prep |
|
Microsoft Unveils AI-powered Copilot 365 | 2023-03-19 19:47:00 | <p>RBC Capital analysts provided their key takeaways from <a href='https://financialmodelingprep.com/financial-summary/MSFT'>Microsoft Corporation (NASDAQ:MSFT)</a> virtual event, where it demoed the new AI-powered Copilot for Microsoft 365, Loop, and Power Platform.
Microsoft 365 Copilot leverages OpenAI's GPT-4 large language model, combined with the Microsoft Graph of data (your emails, documents, presentations, notes, chat logs) to deliver AI virtual assistance.</p>
<p>Microsoft has not yet disclosed any information about the pricing and packaging plans for Copilot, but analysts suggest a few potential paths to generate revenue. One option could be to follow the monetization strategy used for Teams and Power BI, which involves selling Copilot as part of an existing or new higher-priced O365/M365 SKU. Alternatively, Microsoft may eventually introduce a standalone offering similar to Teams Premium.</p>
<p>According to the analysts, it is unlikely that the company would use the GitHub Copilot playbook to sell Copilot as an add-on. RBC Capital analysts believe that this would improve Microsoft 365's value proposition and user retention, regardless of the chosen approach. Microsoft management claims that the average PowerPoint user only utilizes 10% of the software's full functionality.</p>
| NASDAQ:MSFT | https://financialmodelingprep.com/market-news/fmp-microsoft-unveils-ai-powered-copilot-365 | Davit Kirakosyan | Financial Modeling Prep |
|
Arthur J. Gallagher’s Investor Day Review | 2023-03-19 19:44:00 | <p>RBC Capital provided a review of <a href='https://financialmodelingprep.com/financial-summary/AJG'>Arthur J. Gallagher & Co. (NYSE:AJG)</a> quarterly Investor Day, which offered up some data points indicating that organic growth trends have remained favorable to start the year.</p>
<p>Both P&C pricing and the economy aren't showing signs of fading in any meaningful way and remain tailwinds. Gallagher's M&A appetite remains high as evidenced by recent deal activity. Likewise, the company sounded upbeat about 2023 organic growth prospects across both segments. </p>
<p>The analysts said they remain constructive on the company’s shares at current levels and revised their 2023 EPS estimate to $8.70 from $8.75 to reflect higher interest expense from a recent debt offering. Their 2024 EPS forecast of $9.70 is unchanged.</p>
| NYSE:AJG | https://financialmodelingprep.com/market-news/fmp-arthur-j-gallagher’s-investor-day-review | Davit Kirakosyan | Financial Modeling Prep |
|
Williams-Sonoma Reports Q4 Beat, Provides Guidance | 2023-03-17 19:41:00 | <p><a href='https://financialmodelingprep.com/financial-summary/WSM'>Williams-Sonoma (NYSE:WSM)</a> reported its Q4 results on Thursday, with EPS of $5.50 coming in better than the Street estimate of $5.46. Revenue was $2.45 billion, beating the Street estimate of $2.6 billion.</p>
<p>The company hiked its dividend by 15% to $0.90 per share and expanded its stock repurchase capacity to $1 billion. The company expects full 2023-year revenue growth to be in the range of -3%-3%. In the long term, the company sees mid-to-high single-digit annual revenue growth.</p>
<p>According to the analysts at RBC Capital, guidance reflects an uncertain environment. Given the uncertain macro, the analysts think some amount of skepticism is warranted - especially since management expects H1 to be materially tougher than H2 (due to easier H2 comparisons and easing gross margin pressures).</p>
| NYSE:WSM | https://financialmodelingprep.com/market-news/fmp-williams-sonoma-reports-q4-beat-provides-guidance- | Davit Kirakosyan | Financial Modeling Prep |
|
Lennar Reports Better Than Expected Q4 Results | 2023-03-17 19:35:00 | <p><a href='https://financialmodelingprep.com/financial-summary/LEN'>Lennar Corp. (NYSE:LEN)</a> reported its Q4 results on Tuesday, with EPS coming in at $2.12, beating the Street estimate of $1.55. Revenue was $6.49 billion, coming in significantly above the Street estimate of $5.91 billion.</p>
<p>The company anticipates receiving new orders between 16,000 and 17,000, delivering between 15,000 and 16,000 units, and selling at an average price range of $435,000 to $445,000 for Q2/23. Additionally, for the entire year, the company expects deliveries to fall within the 62,000 to 66,000 range.</p>
<p>According to the analysts at RBC Capital, results and guidance were solid, and they believe the company is executing well with a strong cash flow focus, but recent trends and the rapidly evolving current dynamics keep them cautious. The analysts maintained its Underperform though their target moved up to $85 from $76.</p>
| NYSE:LEN | https://financialmodelingprep.com/market-news/fmp-lennar-reports-better-than-expected-q4-results- | Davit Kirakosyan | Financial Modeling Prep |
|
Vacasa Shares Plunge 24% Following Q4 Earnings Release | 2023-03-16 17:53:00 | <p><a href='https://financialmodelingprep.com/financial-summary/VCSA'>Vacasa, Inc. (NASDAQ:VCSA)</a> shares plummeted more than 24% on Wednesday after the company reported its Q4 results, with EPS of ($0.70) coming in worse than the Street estimate of ($0.37). Revenue was $218 million, compared to the Street estimate of $206.24 million.</p>
<p>According to the analysts at Deutsche Bank, the company's disappointing forward guidance for Q1/23 and the full 2023-year, coupled with growing supply challenges, is likely to keep it in the penalty box for quite some time.</p>
<p>Additionally, elevated supply churn will stoke fears that the operational issues that the company has been facing over the last several quarters cannot be resolved without meaningfully impacting the top-line growth algorithm.</p>
| NASDAQ:VCSA | https://financialmodelingprep.com/market-news/fmp-vacasa-shares-plunge-24-following-q4-earnings-release | Davit Kirakosyan | Financial Modeling Prep |
|
EverCommerce Shares Soar 20% Following Q4 Results | 2023-03-16 17:50:00 | <p><a href='https://financialmodelingprep.com/financial-summary/EVCM'>EverCommerce Inc. (NASDAQ:EVCM)</a> shares jumped nearly 20% on Thursday after the company released its Q4 earnings, with revenue of $161.8 million coming in better than the Street estimate of $157.9 million. EPS was ($0.09), compared to the Street estimate of $0.05. </p>
<p>The revenue beat was because the demand environment has started to normalize though still remains a headwind, particularly to the company's Marketing business. Subscription revenue growth along with management commentary suggests the overall health of the company's SMB customer base remains fine, particularly within EverPro and EverHealth, highlighting the mission-critical nature of Evercommerce's core business solutions.</p>
<p>Management expects Q1/23 revenue in the range of $157-$160 million, compared to the Street estimate of $160.4 million. For the full year, the company expects revenue in the range of $680-$700 million, compared to the Street estimate of $689.5 million.</p>
| NASDAQ:EVCM | https://financialmodelingprep.com/market-news/fmp-evercommerce-shares-soar-20-following-q4-results- | Davit Kirakosyan | Financial Modeling Prep |
|
Chesapeake Energy’s Review Post Q1 Earnings | 2023-03-16 17:44:00 | <p>RBC Capital provided their views on <a href='https://financialmodelingprep.com/financial-summary/CHK'>Chesapeake Energy (NASDAQ:CHK)</a> following recently announced Q1 results, with EPS of $4.22 beating the Street estimate of $2.93. The company also announced the sale of a portion of its Eagleford assets.</p>
<p>The analysts believe the company is in a strong position to return free cash flow to shareholders, bolstered by recently announced acquisitions. At strip commodity prices, the fixed plus variable dividends support a 4-5% yield, and the $2.5 billion of sale proceeds likely are used for opportunistic buybacks (once the transactions close). </p>
<p>The analysts think acquisitions are not a high priority at this time given the company's high bar for accretion across several operational and financial metrics. Management has slowed activity given a softer natural gas environment, but the analysts think there is an optionality to add some activity in late 2023 with a supportive macro.</p>
| NASDAQ:CHK | https://financialmodelingprep.com/market-news/fmp-chesapeake-energy’s-review-post-q1-earnings- | Davit Kirakosyan | Financial Modeling Prep |
|
Super Group Reports Q4 Results, Provides Guidance | 2023-03-16 17:38:00 | <p><a href='https://financialmodelingprep.com/financial-summary/SGHC'>Super Group (NYSE:SGHC)</a> reported its Q4 results on Tuesday, with revenue of €329.1 million and full-year revenue of €1.29 billion, exceeding the high end of the guidance range.</p>
<p>The company guided for 2023 core-Revenue/EBITDA (non-US) to 4%/7% year-over-year (8%/9% ahead of Street estimate), implying Canada returning to year-over-year growth, a stable regulatory environment, and higher OPEX/Marketing leverage. </p>
<p>Guidance implies gross margins decline of 270bps on higher taxes in Ontario. Additionally, management expects to invest $70 million in US operations following the DGC acquisition, with a similar level in 2024. </p>
<p>Analysts at Oppenheimer expect investors to question the US market strategy given that market share continues to be consolidated among the top-two players, however, management was a decade behind in the UK and is now holding up a profitable business in that market.</p>
| NYSE:SGHC | https://financialmodelingprep.com/market-news/fmp-super-group-reports-q4-results-provides-guidance- | Davit Kirakosyan | Financial Modeling Prep |
|
Smartsheet Shares Surge 17% Following Q4 Earnings Results | 2023-03-16 09:03:00 | <p><a href='https://financialmodelingprep.com/financial-summary/SMAR'>Smartsheet (NYSE:SMAR)</a> shares jumped more than 17% yesterday after the company reported its Q4 results, with EPS coming in at $0.07, better than the Street estimate of ($0.01). Revenue was $212.3 million, beating the Street estimate of $206.25 million.</p>
<p>Despite better-than-expected results, the company provided a carefully measured 2024 revenue outlook, incorporating the potential for a worsening macro environment. This is despite continued solid new customer activity (18,093 >$5K customers, up 19.4% year-over-year) and enterprise strength (1,484 >$100K ACV customers, up 44.6% year-over-year).</p>
<p>The company expects Q1/24 EPS in the range of $0.08-$0.09, compared to the Street estimate of ($0.06), and revenue in the range of $213-$215 million, compared to the Street estimate of $217 million.</p>
<p>For the full year, the company expects EPS to be in the range of $0.31-$0.38, compared to the Street estimate of ($0.09), and revenue in the range of $943-948 million, compared to the Street estimate of $956 million.</p>
| NYSE:SMAR | https://financialmodelingprep.com/market-news/fmp-smartsheet-shares-surge-17-following-q4-earnings-results- | Davit Kirakosyan | Financial Modeling Prep |
|
Netflix Shares Attractive After 22% Drop Post Q4 Highs | 2023-03-16 09:01:00 | <p>Oppenheimer analysts believe <a href='https://financialmodelingprep.com/financial-summary/NFLX'>Netflix, Inc. (NASDAQ:NFLX)</a> shares, being down 22% post-Q4 highs around higher churn from enforcing password sharing and slower ad launch, are attractive at current levels.</p>
<p>However, the analysts believe nothing has changed from their original thesis: advertising increases the TAM, content competition is easing, and paid account sharing will be a long-term tailwind.</p>
<p>While enforcement of account sharing should drive material upside to revenue long term, investors look at this as a headwind to the stock. Depending on the recapture rate, the analysts see a $2–8 billion revenue upside.</p>
<p>Q1 engagement is trending weaker than the previous two quarters but in line with the company's previous 6-quarter average. Meanwhile, competitors appear more focused on profitability, suggesting we are past peak competition, as evidenced by the company's second-highest streaming net adds in Q4, recent increased content spend efficiency and Q4 management comments around lower churn. The analysts also believe account sharing will be meaningfully accretive to EBITDA.</p>
| NASDAQ:NFLX | https://financialmodelingprep.com/market-news/fmp-netflix-shares-attractive-after-22-drop-post-q4-highs | Davit Kirakosyan | Financial Modeling Prep |
|
SentinelOne Shares Surge 7% on Q4 Beat, Guidance Mixed | 2023-03-15 18:29:00 | <p><a href='https://financialmodelingprep.com/financial-summary/S'>SentinelOne, Inc. (NYSE:S)</a> shares gained more than 7% on Wednesday after the company reported its Q4 results, with EPS coming in at ($0.13), above the Street estimate of ($0.16). Revenue was $126.1 million, beating the Street estimate of $124.69 million.</p>
<p>The company expects Q1/24 revenue to be approximately $137 million, better than the Street estimate of $136.85 million. For the full year, the company expects revenue to be in the range of $631-640 million, below the Street estimate of $648.66 million.</p>
<p>2024 was guided slightly below on both ARR and profitability, which management largely attributed to incremental conservatism/uncertainty despite trends within the company’s control remaining stable. </p> | NYSE:S | https://financialmodelingprep.com/market-news/fmp-sentinelone-shares-surge-7-on-q4-beat-guidance-mixed | Davit Kirakosyan | Financial Modeling Prep |
|
Roper Technologies’ Upcoming Analysts Meeting Preview | 2023-03-15 18:26:00 | <p>RBC Capital analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/ROP'>Roper Technologies, Inc. (NYSE:ROP)</a> ahead of the upcoming Analyst Meeting on March 21.</p>
<p>The analysts expect the company to issue updated long-term metrics, likely to target organic sales growth of 7%-8% (vs. 6%-7% today), EBITDA margins of 40%, and free cash flow generation equal to approximately 80% of EBITDA. </p>
<p>The analysts look for Roper to review its repeatable self-funded growth-by-M&A compounder model focused on acquiring niche software/SaaS businesses with high barriers to entry and low capital-intensity/high free cash flow. With over $4 billion in M&A firepower, the analysts like Roper’s near-term prospects to pursue M&A. </p>
| NYSE:ROP | https://financialmodelingprep.com/market-news/fmp-roper-technologies’-upcoming-analysts-meeting-preview | Davit Kirakosyan | Financial Modeling Prep |
|
Westport Fuel Systems Shares Plunge 31% Since Q4 Report | 2023-03-15 18:22:00 | <p><a href='https://financialmodelingprep.com/financial-summary/WPRT'>Westport Fuel Systems (NASDAQ: WPRT)</a> shares dropped more than 31% since the company’s reported Q4 results on Monday, with EPS of ($0.10) coming in worse than the Street estimate of ($0.06). Revenue was $78 million, above the Street estimate of $75 million, but margins were under pressure from higher warranty expenses, lower volumes, and higher input pricing. </p>
<p>The silver lining is in energy price dynamics that continue to improve and could support growth and margin trends, but this could be a late 2023 development, and analysts at RBC Capital think investors will want to see proof of the demand response.</p>
| NASDAQ:, WPRT | https://financialmodelingprep.com/market-news/fmp-westport-fuel-systems-shares-plunge-31-since-q4-report | Davit Kirakosyan | Financial Modeling Prep |
|
SES AI Reports Q4 Results, Shares Volatile | 2023-03-15 18:20:00 | <p><a href='https://financialmodelingprep.com/financial-summary/SES'>SES AI Corporation (NYSE:SES)</a> shares jumped nearly 10% on Tuesday after the company reported its Q4 results, however, it was followed by today’s 7% decline in the share price. </p>
<p>The company reported mixed Q4 results and more importantly provided an operational update as it continues to progress with its A-sample cell production and moving toward its target of reaching B-sample production and delivery by mid-year. Having achieved ready-to-use status for its three Asamplelines ahead of schedule last year, the company believes it is now on track to transition to B-sample development with its OEM partners this year. </p>
<p>The company has made meaningful progress in addressing the various quality issues with its A-sample 100Ah cells, and plans to leverage its learnings to enable a smoother ramp process as it enters B-sample development with improved volume, speed, and quality. Overall, the company is progressing on track thus far, and management also reiterated that the current cash in hand is sufficient to take it to commercialization.</p>
| NYSE:SES | https://financialmodelingprep.com/market-news/fmp-ses-ai-reports-q4-results-shares-volatile- | Davit Kirakosyan | Financial Modeling Prep |
|
What to Expect From Traeger’s Q4 Earnings Tomorrow? | 2023-03-15 05:43:00 | <p>RBC Capital analyst provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/COOK'>Traeger, Inc. (NYSE:COOK)</a> ahead of the company’s upcoming Q4 earnings announcement tomorrow after the market close, noting they still expect fundamental pressure.</p>
<p>The analyst expects Q4 net sales of $120.7 million (vs. Street’s $118.5 million) and EBITDA of -$5.1 million (vs. Street’s -$2.6 million). According to the analysts, the economic environment continues to be difficult for discretionary items, which will continue to impact the company’s sell-in (as retailers destock) and sell-through (as demand remains moderate). </p>
<p>While these pressures are expected to last through H1/23 and delay margin recovery, the outlook for H2/23 is slightly better given that the company will lap retailer destocking efforts and benefit from easing input costs. </p>
<p>Overall, the analysts remain on the sidelines until there is greater clarity regarding retail inventory levels and macro factors impacting the grilling category.</p>
| NYSE:COOK | https://financialmodelingprep.com/market-news/fmp-what-to-expect-from-traeger’s-q4-earnings-tomorrow? | Davit Kirakosyan | Financial Modeling Prep |
|
89bio Shares Up 10% Since Q4 Earnings Announcement | 2023-03-15 05:39:00 | <p><a href='https://financialmodelingprep.com/financial-summary/ETNB'>89bio, Inc. (NASDAQ:ETNB)</a> shares rose more than 10% since the company’s reported Q4 results on Friday. R&D came in at $19.1 million and SG&A was $6.3 million. Cash and equivalents ended the quarter at $188.2 million. The company reiterated the March timeline for key ph.IIb pegoza NASH data. </p>
<p>Analysts at RBC Capital said they expect similar data to AKRO's FGF21 analog and believe this will lead to a meaningful stock upside. According to the analysts, pivotal studies in SHTG, an underappreciated opportunity with a low-risk path, remain on track and provide a high valuation floor. The analysts continue to see an attractive buying opportunity into the upcoming data.</p>
| NASDAQ:ETNB | https://financialmodelingprep.com/market-news/fmp-89bio-shares-up-10-since-q4-earnings-announcement- | Davit Kirakosyan | Financial Modeling Prep |
|
Seagen Shares Jump 14% on Pfizer’s Acquisition Announcement | 2023-03-14 19:06:00 | <p><a href='https://financialmodelingprep.com/financial-summary/SGEN'>Seagen Inc. (Nasdaq:SGEN)</a> shares gained more than 14% on Monday after the company announced it had entered into a definitive merger agreement with Pfizer Inc. (NYSE:PFE), under which Pfizer will acquire Seagen for $229 in cash per Seagen share for a total enterprise value of $43 billion. </p>
<p>According to the analysts at Oppenheimer, the deal a positive for both sides of the proposed transaction and they are encouraged by favorable M&A dynamics which they suspect could lead to additional biopharma deals including (1) drug development synergies enhanced by IRA nuances rewarding full development in parallel upfront as opposed to the staged label expansion in series that previously dominated oncology clinical programs, (2) access to Pfizer's massive medicinal chemistry and machine learning platform to facilitate novel ADC discovery beyond what Seagen could achieve independently, and (3) fully integrated global infrastructure enabling Pfizer to commercialize Seagen’s R&D portfolio no longer required to share across external geographical partners.</p>
| Nasdaq:SGEN | https://financialmodelingprep.com/market-news/fmp-seagen-shares-jump-14-on-pfizer’s-acquisition-announcement- | Davit Kirakosyan | Financial Modeling Prep |
|
Benson Hill Shares Down 26% Since Q4 Earnings Announcement | 2023-03-14 19:04:00 | <p><a href='https://financialmodelingprep.com/financial-summary/BHIL'>Benson Hill, Inc. (NYSE:BHIL)</a> shares fell more than 26% since the company’s reported Q4 results on Monday, with revenue of $99.18 million coming in worse than the Street estimate of $101.99 million.</p>
<p>Embedded in the 2023 outlook is 40–50% growth in proprietary revenue, as the company begins to benefit from its ADM partnership while also managing the elevated commodity environment. Setting a more conservative outlook for 2025 revenue, analysts at Oppenheimer are encouraged by the company’s focus on profitability and improved capital efficiency. The analysts believe the focus on capital stewardship is yielding benefits, as the company outlined plans to recapitalize its existing debt, estimated to reduce borrowing costs by 40%.</p>
| NYSE:BHIL | https://financialmodelingprep.com/market-news/fmp-benson-hill-shares-down-26-since-q4-earnings-announcement- | Davit Kirakosyan | Financial Modeling Prep |
|
BigBear.ai Shares Plunge 18% on Q4 EPS Miss & Weak Guidance | 2023-03-14 19:02:00 | <p><a href='https://financialmodelingprep.com/financial-summary/BBAI'>BigBear.ai (NYSE:BBAI)</a> shares plummeted nearly 18% on Tuesday after the company reported its Q4 results, with EPS coming in at ($0.23), worse than the Street estimate of ($0.08). Revenue was $40.4 million, compared to the Street estimate of $39.8 million.</p>
<p>Management took a fairly conservative view and guided for modest 5% revenue growth next year, giving itself room for potential delays in Federal contracts.</p>
<p>Full 2023-year revenue is expected to be in the range of $155-170 million, worse than the Street estimate of $173 million.</p>
<p>On a positive note, BigBear showed early signs of a turnaround with material OpEx savings, by shoring up near-term liquidity needs, and delivering contract award and performance wins on large Federal contracts. There is also the potential for further margin expansion as revenue shifts to the higher-margin Analytics segment.</p>
| NYSE:BBAI | https://financialmodelingprep.com/market-news/fmp-bigbearai-shares-plunge-18-on-q4-eps-miss-&-weak-guidance- | Davit Kirakosyan | Financial Modeling Prep |
|
Amedisys Appoints Permanent CEO | 2023-03-14 19:00:00 | <p><a href='https://financialmodelingprep.com/financial-summary/AMED'>Amedisys, Inc. (NASDAQ:AMED)</a> appointed a permanent CEO yesterday. Effective April 10, Richard Ashworth will take over as CEO, replacing Chairman and interim CEO Paul Kusserow, who had made it clear he was taking over the role temporarily. </p>
<p>Mr. Ashworth most recently served as CEO at Tivity Health, which was acquired by Stone Point Capital in June 2022. Tivity is best known for its Silver Sneakers program that serves Medicare Advantage plans, as Amedisys and the home health industry continue to look toward the growing role of managed care plans in the delivery of healthcare. </p>
<p>Though the market likes Mr. Kusserow in the seat, the role was temporary and this announcement should remove the uncertainty around this position. Paul Kusserow will remain as Chairman.</p>
| NASDAQ:AMED | https://financialmodelingprep.com/market-news/fmp-amedisys-appoints-permanent-ceo | Davit Kirakosyan | Financial Modeling Prep |
|
What to Expect From Adobe’s Q1 Results Tomorrow? | 2023-03-14 11:21:00 | <p>RBC Capital analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/ADBE'>Adobe Inc. (NASDAQ:ADBE)</a> ahead of the upcoming Q1/23 earnings report on Wednesday after the market close, expecting the company to step over a reasonable bar to start the year as consumer spending has remained durable and non-hyperscaler digital transformation appears resilient. </p>
<p>While the conversation still revolves around Figma and growing investor interest in generative, the analysts expect the core creative and experience to deliver solid results against reasonable expectations to start the year. </p>
<p>While RBC expects generative to be a major theme at Adobe Max later this month, new updates around Figma are less likely as the company continues to anticipate the deal to close in H2/23. </p>
<p>The analysts expect a slight upside relative to consensus estimates: (1) Digital new media ARR vs. consensus of $376.1 million and guidance of $375 million, (2) total revenue vs. consensus of $4.623 billion and guidance of $4.62 billion, (3) Digital media revenue vs. consensus of $3.36 billion, (4) EPS vs. consensus of $3.68.</p>
| NASDAQ:ADBE | https://financialmodelingprep.com/market-news/fmp-what-to-expect-from-adobe’s-q1-results-tomorrow? | Davit Kirakosyan | Financial Modeling Prep |
|
Easterly Government Properties Review Post Q4 Earnings Report | 2023-03-14 11:18:00 | <p><a href='https://financialmodelingprep.com/financial-summary/DEA'>Easterly Government Properties (NYSE:DEA)</a> reported its Q4 results two weeks ago, with EPS of $0.18 coming in better than the Street estimate of $0.06. Revenue was $73.5 million, beating the Street estimate of $71.28 million.</p>
<p>Analysts at RBC Capital still expect the earnings run-rate will be reset in 2023 versus 2022. Additionally, they expect earnings will tick lower in 2024 in part due to higher interest expenses. </p>
<p>Encouragingly, the company completed some additional balance sheet work by executing $300 million of new interest rate swaps keeping its variable rate debt balance down. Therefore, the analysts are largely reiterating their earnings estimates. RBC’s estimates imply core earnings will drop 9.2% in 2023 and 4.0% in 2024. The analysts maintained their Sector Perform rating and $15 price target on the company’s shares.</p>
| NYSE:DEA | https://financialmodelingprep.com/market-news/fmp-easterly-government-properties-review-post-q4-earnings-report | Davit Kirakosyan | Financial Modeling Prep |
|
PagerDuty’s Upcoming Q4 Earnings Preview | 2023-03-14 11:15:00 | <p>RBC Capital analysts provided their views on <a href='https://financialmodelingprep.com/financial-summary/PD'>PagerDuty, Inc. (NYSE:PD)</a> ahead of the company’s upcoming Q4/23 earnings announcement on Thursday, expecting durability to continue.</p>
<p>According to the analysts, a slight upside to consensus expectations of 20% billings growth looks achievable given a solid pipeline into Q4, stabilizing job postings and recently re-affirmed guidance. </p>
<p>Additionally, the analysts expect outperformance on profitability including the potential for significant free cash flow improvements in fiscal 2024 aided by a recent 7% RIF. Overall, the analysts would look for consistent execution as secular tailwinds around digital transformations, workflow and AIOps continue. </p>
| NYSE:PD | https://financialmodelingprep.com/market-news/fmp-pagerduty’s-upcoming-q4-earnings-preview | Davit Kirakosyan | Financial Modeling Prep |
|
Why Coinbase Price Target Was Cut to $70 at RBC? | 2023-03-13 18:20:00 | <p>Oppenheimer analysts lowered their price target on <a href='https://financialmodelingprep.com/financial-summary/COIN'>Coinbase Global, Inc. (NASDAQ:COIN)</a> to $70 from $84, highlighting the failures of SVB Financial Group, Silvergate Capital Corporation (SI), and Signature Bank that has rocked the digital assets and Silicon Valley ecosystems. </p>
<p>While the financial system may be stabilized by emergency measures, key infrastructures of the public blockchain/digital assets industry in the US, namely SEN and Signet, have been broken. However, the firm mentioned that exchanges, trading firms, market makers, and investors can use stablecoin, ACH, Customer Banks, and BCB (coming) to facilitate transactions. There could be a reduction in liquidity and trading volume unless someone fills the gap, leading to lingering uncertainty in both USDC and the industry.</p>
<p>Coinbase's revenue share agreement with Circle/USDC is an important pillar for its interest income and diversification effort. The analysts had estimated that interest income will contribute $766 million or 22% of total revenue to Coinbase in 2024. The threat of redemption on USDC leads them to lower their interest income estimate to $686 million.</p>
| NASDAQ:COIN | https://financialmodelingprep.com/market-news/fmp-why-coinbase-price-target-was-cut-to-$70-at-rbc? | Davit Kirakosyan | Financial Modeling Prep |
|
Genius Sports Group Shares Plunge 12% Following Q4 Earnings Results | 2023-03-13 18:16:00 | <p><a href='https://financialmodelingprep.com/financial-summary/GENI'>Genius Sports Group (NYSE:GENI)</a> shares dropped more than 12% on Friday (down 7% today) after the company reported its Q4 results, with EPS of ($0.63) coming in significantly worse than the Street estimate of ($0.11). Revenue was $105.34 million, slightly above the Street estimate of $104.36 million.</p>
<p>The company’s outlook implies consistent 20% growth in Betting Services (65% of revenue) and its Media segment (24% of revenue) reaccelerating to approximately 30% growth in the back half from flat in the first half on easing comps and more client wins. </p>
<p>All in all, this equates to free cash flow inflecting to positive in the second half of the year, and annually in 2024. According to the analysts at Oppenheimer, the quarterly results demonstrate the company's entrenchment in the US sports betting ecosystem and the increasing importance its technology services are serving leagues and broadcasters to generate higher fan engagement, two factors they believe are underappreciated by the market.</p>
| NYSE:GENI | https://financialmodelingprep.com/market-news/fmp-genius-sports-group-shares-plunge-12-following-q4-earnings-results | Davit Kirakosyan | Financial Modeling Prep |
|
Target Hospitality Shares Down 5% on Q4 EPS Miss, Revenues Beat Estimates | 2023-03-13 18:13:00 | <p><a href='https://financialmodelingprep.com/financial-summary/TH'>Target Hospitality (NASDAQ:TH)</a> shares gained more than 5% on Friday after the company reported its Q4 results, with EPS of $0.31 missing the Street estimate of $0.39. Revenue came in at $152.44 million, beating the Street estimate of $148.27 million, primarily driven by its announced extended/expanded West Texas government contract. </p>
<p>However, the biggest news from the company's quarterly release was the announcement of an IDIQ contract posting on USASPENDING.gov associated with its non-profit partner on Target's West Texas Government contract representing an anticipated five-year extension with an additional five-year option. </p>
<p>This development enhances the likelihood, timing, size, and duration of this eagerly-awaited contract extension as the USASPENDING.gov posting is a final step in the government's contract award process.</p>
| NASDAQ:TH | https://financialmodelingprep.com/market-news/fmp-target-hospitality-shares-down-5-on-q4-eps-miss-revenues-beat-estimates | Davit Kirakosyan | Financial Modeling Prep |
|
Analysts See Buying Opportunity at Charles Schwab After 30% Drop | 2023-03-13 15:01:00 | <p>Deutsche Bank analysts said they see buying opportunity in <a href='https://financialmodelingprep.com/financial-summary/SCHW'>The Charles Schwab Corporation (NYSE:SCHW)</a> shares after a sell-off that started on Thursday (stock is down more than 30%). </p>
<p>The analysts view the sell-off as overdone with liquidity risks overblown. The main investor concern of the day was around liquidity risk should client deposit withdrawals accelerate, and the risk that the company would need to sell securities at a loss or raise capital to fund withdrawals. </p>
<p>The analysts view the company's liquidity profile as being quite solid against expected, or even a more severe scenario, of client deposit withdrawals from its balance sheet. </p>
<p>Meanwhile, Citi upgraded Charles Schwab to buy from neutral with a price target of $75.00 (from $83.00). While there may be pressure from client cash sorting, the analysts believe there is a low risk of deposits leaving the company due to the composition of its deposit base and customer protections. Although tapping supplemental funding may hurt earnings in the short term, the company is expected to swap out these funding sources with organic ones as soon as possible.</p>
| NYSE:SCHW | https://financialmodelingprep.com/market-news/fmp-analysts-see-buying-opportunity-at-charles-schwab-after-30-drop | Davit Kirakosyan | Financial Modeling Prep |
|
HashiCorp Reports Better Than Expected Q4 Results | 2023-03-13 14:58:00 | <p><a href='https://financialmodelingprep.com/financial-summary/HCP'>HashiCorp (NASDAQ:HCP)</a> reported its Q4 results on Thursday, with EPS of ($0.07) coming in better than the Street estimate of ($0.22). Revenue was $135.8 million, beating the Street estimate of $124.22 million.</p>
<p>Although the company is seeing greater deal scrutiny and smaller initial deal sizes, growth in revenue from over $100,000 ARR customers remains robust (up 40.7% year-over-year), and Q1 revenue guidance was above expectations (2024 guidance was in line).</p>
<p>Q1/24 EPS is expected in the range of ($0.15)-($0.13), compared to the Street estimate of ($0.19), and revenue of $132-$134 million, compared to the Street estimate of $128.89 million.</p>
<p>Full-year EPS is seen at ($0.40)-($0.38), compared to the Street estimate of ($0.66), and revenue of $591-$595 million, compared to the Street estimate of $593.25 million.</p>
| NASDAQ:HCP | https://financialmodelingprep.com/market-news/fmp-hashicorp-reports-better-than-expected-q4-results | Davit Kirakosyan | Financial Modeling Prep |
|
General Electric’s 2023 Analyst Meeting Review | 2023-03-13 14:55:00 | <p>RBC Capital analysts provided their takeaways from <a href='https://financialmodelingprep.com/financial-summary/GE'>General Electric (NYSE:GE)</a> 2023 Analyst Meeting, where the company’s 2023 guidance was reaffirmed, but the bigger surprise was that management raised its long-term organic growth and free cash flow conversion targets for both GE Aerospace and GE Vernova. </p>
<p>The Aerospace organic growth long-term target was boosted from mid-single-digits to mid-single-to-high-single-digits percentage growth, and free cash flow conversion was raised from 90% to approximately 100%. </p>
<p>At GE Vernova, the long-term organic growth target was raised from low-single-digits to mid-single-digits, and free cash flow conversion was improved from 80%-90% to 90%-110%. Other notable positives in the outlook include Renewables growth of double digits in 2024 (vs. Street estimate of 6.5%).</p>
<p>The analyst raised their price target to $100 from $93 while maintaining their Outperform rating.</p>
| NYSE:GE | https://financialmodelingprep.com/market-news/fmp-general-electric’s-2023-analyst-meeting-review | Davit Kirakosyan | Financial Modeling Prep |
|
VSE Corp Shares Plunge 7% on Q4 Miss | 2023-03-13 14:53:00 | <p><a href='https://financialmodelingprep.com/financial-summary/VSEC'>VSE Corp. (NASDAQ:VSEC)</a> shares dropped nearly 7% on Thursday after the company reported its Q4 results, with EPS coming in at $0.68, worse than the Street estimate of $0.75. Revenue was $234.3 million, missing the Street estimate of $237.8 million.</p>
<p>According to the analysts at RBC Capital, the Fed/Defense business was the primary headwind, while results in the Aviation and Fleet segments were encouraging. </p>
<p>The analysts believe the stock reaction was overdone, but the 2023 free cash flow, leverage and portfolio outlook will limit near-term upside. The analysts think the aviation assets will eventually drive multiple expansions, but they reiterate their Sector Perform rating and $50 price target.</p>
| NASDAQ:VSEC | https://financialmodelingprep.com/market-news/fmp-vse-corp-shares-plunge-7-on-q4-miss | Davit Kirakosyan | Financial Modeling Prep |
|
Coursera’s Analyst Day Takeaways | 2023-03-13 14:50:00 | <p>RBC Capital provided its views on <a href='https://financialmodelingprep.com/financial-summary/COUR'>Coursera, Inc. (NYSE:COUR)</a> following the company’s 2023 Analysts Day, noting they came away incrementally positive on the long-term growth and margin potential, as well as for a rebound in 2024. </p>
<p>Management introduced an encouraging long-term target operating model, calling for 25-30% revenue growth and a conservative 15-20% adjusted EBITDA margin, with a thorough breakdown of the underlying drivers. </p>
<p>In addition, the company set a couple of 2024 targets, including turning profitable and Degrees revenue growth accelerating to over 25%. Coursera noted subscriptions accounted for 95% of 2022 Consumer revenue, up from 82% in 2020, with an average paid learner retention of 3-5 months. The analysts believe supporting the durable growth is this sustained innovation around pricing and packaging, an accelerating pace of content generation (especially professional certificates), and international opportunity.</p>
| NYSE:COUR | https://financialmodelingprep.com/market-news/fmp-coursera’s-analyst-day-takeaways | Davit Kirakosyan | Financial Modeling Prep |
|
Pool Corporation Initiated With Outperform at RBC Capital | 2023-03-13 14:48:00 | <p>RBC Capital initiated coverage on <a href='https://financialmodelingprep.com/financial-summary/POOL'>Pool Corporation (NASDAQ:POOL)</a> with an Outperform rating and a $408 price target.</p>
<p>The analysts said they’re drawn to the company's potential for long-term growth as the leading wholesale distributor in an industry that benefits from migration to warmer climates where there is a higher tendency for pool ownership and backyard living features, as well as spending on technology-enabled pool content. </p>
<p>The company's growth mainly comes from recurring revenue generated by maintenance and minor repair work on a continually increasing number of installed US pools, as well as remodeling and retrofitting work, given that the average US pool is 22 years old. </p>
<p>The company aims to achieve a 6%-9% organic revenue CAGR in the long run, which aligns with its eight-year historical trend (2012-2019), except for the extraordinary growth it experienced in 2020-22 due to the pandemic. The growth drivers include the increase in the overall number of installed pools, favorable pricing and product mix from higher-value technology pool content, gaining market share, opening new sales centers, and expanding the product line.</p>
| NASDAQ:POOL | https://financialmodelingprep.com/market-news/fmp-pool-corporation-initiated-with-outperform-at-rbc-capital | Davit Kirakosyan | Financial Modeling Prep |
|
Brown-Forman Shares Fall 7% Since Q3 Earnings Announcement | 2023-03-12 19:17:00 | <p><a href='https://financialmodelingprep.com/financial-summary/BF-B'>Brown-Forman (NYSE:BF-B)</a> shares fell around 7% since the company’s reported Q3 results on Wednesday. Net sales grew 4% year-over-year to $1.1 billion (up 5% on an organic basis). Diluted EPS decreased 61% to $0.21, driven primarily by the decrease in reported operating income and a $27 million pension settlement charge.</p>
<p>The company expects an increase in organic net sales growth in the range of 8%-10% for the full year, given the strong demand, the normalization of inventory levels, and the sustained strength of its brand portfolio. The company sees a high-single-digit growth in organic operating income.</p>
| NYSE:BF-B | https://financialmodelingprep.com/market-news/fmp-brown-forman-shares-fall-7-since-q3-earnings-announcement- | Davit Kirakosyan | Financial Modeling Prep |
|
SmartRent Shares Down 16% Since Q4 Miss | 2023-03-12 19:15:00 | <p><a href='https://financialmodelingprep.com/financial-summary/SMRT'>SmartRent (NYSE:SMRT)</a> shares fell more than 16% since the company reported its Q4 results on Wednesday, with revenue coming in at $40.6 million, missing the Street estimate of $46.58 million.</p>
<p>Management expects Q1/23 revenue to be in the range of $55-58 million, compared to the Street estimate of $52.362 million. For the full year, the company expects revenue of $225-250 million, below the Street estimate of $266.2 million.</p>
<p>Despite the weak results, Deutsche Bank analysts said they are encouraged that the company is focusing on driving profitable growth through higher ARPU rather than just unit deployments, and the company reiterated its previous target to reach positive EBITDA sometime in 2023. </p>
<p>The analysts are also encouraged that supply challenges have eased, allowing the company to ship a new generation of hub devices, driving better revenue growth and hardware margins.</p>
| NYSE:SMRT | https://financialmodelingprep.com/market-news/fmp-smartrent-shares-down-16-since-q4-miss | Davit Kirakosyan | Financial Modeling Prep |
|
Dover’s Analysts Meeting Takeaways | 2023-03-12 19:13:00 | <p>RBC Capital analysts provided their key takeaways from <a href='https://financialmodelingprep.com/financial-summary/DOV'>Dover Corporation (NYSE:DOV)</a> Analysts Meeting on March 8, where the company reaffirmed 2023 guidance and set bullish 2025 targets. </p>
<p>The facility tour showcased the highly profitable CPC business that manufactures one-time-use connectors, pumps and flowmeters for biopharma, medical, and industrial applications. The new 2025 targets of 4%-6% organic growth, segment margins, and 25%-35% incrementals were decidedly positive. </p>
<p>According to the analysts, the company looks nicely leveraged to multi-year secular trends, including data centers, EV infrastructure, biopharma production, and clean energy. It remains M&A-focused, targeting higher growth end markets. Divestitures look to be less of a priority. The analysts see risk/reward as balanced and reiterate their Sector Perform rating and $145 price target on the stock.</p>
| NYSE:DOV | https://financialmodelingprep.com/market-news/fmp-dover’s-analysts-meeting-takeaways | Davit Kirakosyan | Financial Modeling Prep |
|
Asana Jumps 18% on Q4 Beat & Buyback Announcement | 2023-03-09 18:02:00 | <p><a href='https://financialmodelingprep.com/financial-summary/ASAN'>Asana, Inc. (NYSE:ASAN)</a> shares jumped more than 18% on Thursday after the company reported better-than-expected Q4 results and the CEO announced plans to buy 30 million shares. EPS was ($0.15), better than the Street estimate of ($0.27). Revenue came in at $150.2 million, beating the Street estimate of $145.08 million.</p>
<p>For Q1/24, the company expects EPS in the range of ($0.19)-($0.18), compared to the Street estimate of ($0.23), and revenue in the range of $150-$151 million, compared to the Street of $149.97 million.</p>
<p>For the full year, the company expects EPS in the range of ($0.59)-($0.55), compared to the Street estimate of ($0.80), and revenue in the range of $638-$648 million, compared to the Street estimate of $645.84 million.</p>
| NYSE:ASAN | https://financialmodelingprep.com/market-news/fmp-asana-jumps-18-on-q4-beat-&-buyback-announcement- | Davit Kirakosyan | Financial Modeling Prep |
|
Campbell Soup Reports Q2 Beat, Provides Guidance | 2023-03-09 18:00:00 | <p><a href='https://financialmodelingprep.com/financial-summary/CPB'>Campbell Soup (NYSE:CPB)</a> reported its Q2 results on Wednesday, overdelivering on the top and bottom line and taking up guidance despite greater headwinds from lower pension incomes.</p>
<p>EPS was $0.80, coming in better than the Street estimate of $0.74. Revenue was $2.49 billion, beating the Street estimate of $2.44 billion. Total organic sales were up 12% year-over-year, compared to the Street estimate of 11.1%, driven by strong pricing growth of 14%, while volumes were down 2%.</p>
<p>The company provided its fiscal 2023 outlook, expecting EPS to be in the range of $2.95-$3.00, compared to the Street estimate of $2.99. Full-year net sales are expected to grow in the range of 8.5%-10%.</p>
| NYSE:CPB | https://financialmodelingprep.com/market-news/fmp-campbell-soup-reports-q2-beat-provides-guidance- | Davit Kirakosyan | Financial Modeling Prep |
|
Life Time Group Shares Fall 6% Following Q4 Results | 2023-03-09 17:59:00 | <p><a href='https://financialmodelingprep.com/financial-summary/LTH'>Life Time Group Holdings, Inc (NYSE:LTH)</a> dropped more than 6% on Wednesday after the company reported its Q4 results, with revenue of $472.7 million coming in slightly lower than the Street estimate of $472.88 million. EPS was $0.07, better than the Street estimate of $0.05. </p>
<p>Adjusted EBITDA came in at $107M million (up 123% year-over-year), driven in part by sales leverage, as well as meaningful cost reductions, both in-center and on the G&A line.</p>
<p>The company expects Q1/23 revenue in the range of $505-510 million, compared to the Street estimate of $509.8 million. For the full year, the company expects revenue of $2.2-2.3 billion, compared to the Street estimate of $2.25 billion.</p>
| NYSE:LTH | https://financialmodelingprep.com/market-news/fmp-life-time-group-shares-fall-6-following-q4-results- | Davit Kirakosyan | Financial Modeling Prep |
|
MongoDB Shares Plunge 9% on Weak 2024 Revenue Guidance | 2023-03-09 15:57:00 | <p><a href='https://financialmodelingprep.com/financial-summary/MDB'>MongoDB (NASDAQ:MDB)</a> shares were trading more than 9% lower intra-day today after the company delivered a decent quarter but a soft 2024 revenue outlook.</p>
<p>Q4 EPS came in at $0.57, better than the Street estimate of $0.07. Revenue was $361.3 million, beating the Street estimate of $339.31 million. </p>
<p>The company expects Q1/24 EPS to be in the range of $0.17-$0.20, compared to the Street estimate of $0.14. Revenue is seen at $344-348 million, compared to the Street estimate of $355.9 million.</p>
<p>For the full year, the company expects EPS in the range of $0.96-$1.10, compared to the Street estimate of $0.61. Revenue is expected to be in the range of $1.48-1.51 billion, worse than the Street estimate of $1.58 billion.</p>
| NASDAQ:MDB | https://financialmodelingprep.com/market-news/fmp-mongodb-shares-plunge-9-on-weak-2024-revenue-guidance | Davit Kirakosyan | Financial Modeling Prep |
|
Squarespace Shares Soar 14% on Q4 Revenue Beat & Strong Guidance | 2023-03-09 15:53:00 | <p><a href='https://financialmodelingprep.com/financial-summary/SQSP'>Squarespace, Inc. (NYSE:SQSP)</a> shares surged more than 14% on Tuesday after the company reported its Q4 results, with revenue of $228.8 million coming in better than the Street estimate of $222.07 million. EPS was ($1.72), significantly worse than the Street estimate of $0.25. </p>
<p>The combination of price increases and stabilizing churn drove meaningful upside to bookings, revenue and free cash flow, which enabled the company to guide 2023 revenue ahead of expectations. Further, the company returned to quarter-over-quarter positive sub adds with the Unfold headwinds starting to abate.</p>
<p>For Q1/23, management expects revenue to be in the range of $232-234 million, compared to the Street estimate of $227.29 million. For the full year, the company expects revenue in the range of $955-970 million, compared to the Street estimate of $949.4 million.</p>
| NYSE:SQSP | https://financialmodelingprep.com/market-news/fmp-squarespace-shares-soar-14-on-q4-revenue-beat-&-strong-guidance- | Davit Kirakosyan | Financial Modeling Prep |
|
Vivid Seats Shares Surge 18% on Better Than Expected Q4 Results | 2023-03-09 15:51:00 | <p><a href='https://financialmodelingprep.com/financial-summary/SEAT'>Vivid Seats Inc. (NASDAQ:SEAT)</a> shares jumped more than 18% on Tuesday after the company reported better-than-expected results across the board, driven by year-over-year growth in AOS and resilient demand, despite elevated competitive dynamics. </p>
<p>Both Q4 EPS of $0.12 and revenue of $165 million came in better than the Street estimates of $0.10 and $154.49 million, respectively. Q4 EBITDA of $33.7 million came in 7% ahead of the Street estimate, with EBITDA margins improving quarter-over-quarter and year-over-year, driven by prudent cost control and the company prioritizing mostly profitable marketing opportunities, along with an encouraging broader improvement in repeat rates.</p>
<p>The company expects full 2023-year revenue to be in the range of $580-610 million, compared to the Street estimate of $615.73 million.</p>
| NASDAQ:SEAT | https://financialmodelingprep.com/market-news/fmp-vivid-seats-shares-surge-18-on-better-than-expected-q4-results- | Davit Kirakosyan | Financial Modeling Prep |
|
Pactiv Evergreen Shares Drop 13% Despite Solid Q4 Results | 2023-03-09 15:48:00 | <p><a href='https://financialmodelingprep.com/financial-summary/PTVE'>Pactiv Evergreen Inc. (NASDAQ:PTVE)</a> shares dropped more than 13% on Tuesday despite strong quarterly results in a challenging backdrop and an outlook that was relatively in line. Q4 revenues came in at $1.476 billion, down 3% year-over-year. Adjusted EBITDA was $167 million, which was 5% above the Street estimate.</p>
<p>The outlook for 2023 was relatively in line on a like-for-like basis as well. Further, the company announced a major restructuring of its Beverage Merchandising segment with the closure of its Canton mill that represents 5.5% of domestic solid bleached sulfate (SBS) capacity, while it explores strategic options for its Pine Bluff mill. </p>
<p>The main negative that may be the reason for a stock sell-off is the lack of deleveraging due to the large cash restructuring costs with leverage at 4.6x, while benefits from the program are limited given the offset from earnings loss associated with the Canton closure. </p>
| NASDAQ:PTVE | https://financialmodelingprep.com/market-news/fmp-pactiv-evergreen-shares-drop-13-despite-solid-q4-results- | Davit Kirakosyan | Financial Modeling Prep |
|
Couchbase Shares Up on Q4 Beat | 2023-03-08 20:05:00 | <p><a href='https://financialmodelingprep.com/financial-summary/BASE'>Couchbase, Inc. (NASDAQ: BASE)</a> shares gained nearly 3% on Wednesday (up more than 4% after-hours) after the company reported its Q4 results, with EPS of ($0.18) beating the Street estimate of ($0.34). Revenue increased 19% year-over-year to $41.6 million, above the Street estimate of $38.25 million. Subscription revenue grew 16% year-over-year to $38.1 million.</p>
<p>Management anticipates Q1/24 revenue to be in the range of $39.5-40.1 million, compared to the Street estimate of $40.63 million. Total ARR is expected to be in the range of $169.2-172.2 million.</p>
<p>For the full 2024 year, the company sees revenue at $171.7-174.7 million, compared to the Street estimate of $176.59 million. Total ARR is expected to be in the range of $190.0-194.0 million.</p>
<p>Full-year guidance reflects increased uncertainty around the macro and includes an elevated degree of conservatism around pipeline conversion, new logos, retention, expansion rates, deal sizes and sales productivity.</p>
| NASDAQ:, BASE | https://financialmodelingprep.com/market-news/fmp-couchbase-shares-up-on-q4-beat | Davit Kirakosyan | Financial Modeling Prep |
|
WW International Shares Jump 79% on Sequence Acquisition Announcement | 2023-03-08 20:03:00 | <p><a href='https://financialmodelingprep.com/financial-summary/WW'>WW International, Inc. (NASDAQ:WW)</a> shares jumped more than 79% on Tuesday (fell 21% the next day) after the company reported its Q4 results, provided guidance for Q1 and most importantly announced plans to acquire Sequence (transaction valued at $132 million), a subscription telehealth platform offering access to healthcare providers specializing in chronic weight management.</p>
<p>Q4 EPS came in at ($0.46), worse than the Street estimate of $0.01. Revenue was $223.92 million, compared to the Street estimate of $224.32 million.</p>
<p>For Q1/23, the company expects revenue of $235 million, compared to the Street estimate of $243.8 million.</p>
<p>Management pointed out that while subscriber counts and growth at the company remain muted, better analytics and more thoughtful marketing are helping the company to attract and signup members, which appear stickier and hence lend to stronger longer-term economics.</p>
| NASDAQ:WW | https://financialmodelingprep.com/market-news/fmp-ww-international-shares-jump-79-on-sequence-acquisition-announcement- | Davit Kirakosyan | Financial Modeling Prep |
|
Verisk Analytics’ Upcoming Investor Day Preview | 2023-03-08 19:42:00 | <p>RBC Capital analysts provided their views on <a href='https://financialmodelingprep.com/financial-summary/VRSK'>Verisk Analytics, Inc. (NASDAQ:VRSK)</a> upcoming Investor Day on March 14, noting that the company could tighten the 2024 margin targets of 53-56% to the high end. In addition, the company will likely provide color on lowering the capital intensity over the midterm. The Investor Day will focus on high-growth initiatives while balancing investment and margin.</p>
<p>The analysts believe the company should provide incremental disclosures to get investors comfortable with the sustainability of the revenue growth. In particular, revenue split up by high-growth businesses (namely Life, Marketing, Auto, International Specialty Insurance, Climate, and Cyber), core businesses (ISO, ClaimsSearch), and offerings growing in line with the company average (Xactware, AIR) will be helpful. Investors are looking for details on the company's plans to expand high-growth businesses as a percentage of overall revenues.</p>
<p>The company released its Q4 results earnings last week, with both EPS of $1.43 and revenue of $630.4 million coming in better than expected.</p>
| NASDAQ:VRSK | https://financialmodelingprep.com/market-news/fmp-verisk-analytics’-upcoming-investor-day-preview | Davit Kirakosyan | Financial Modeling Prep |
|
MFA Financial Reports Better Than Expected Q4 Results | 2023-03-08 19:40:00 | <p><a href='https://financialmodelingprep.com/financial-summary/MFA'>MFA Financial (NYSE:MFA)</a> reported its Q4 results, with EPS of $0.48 coming in better than the Street estimate of $0.25. Book value per share was $14.87, which represents a quarter-over-quarter decline of 2.9%. Management commented that an overwhelming proportion of the book value decline in 2022 has been driven by rising rates rather than a deterioration in credit quality.</p>
<p>RBC Capital provided its views on the company following the results, maintaining its 2023 EPS of $1.42, and adjusting its 2024 EPS to $1.46 from $1.54. The brokerage reiterated its Sector Perform and $11 price target on the company’s shares.</p>
| NYSE:MFA | https://financialmodelingprep.com/market-news/fmp-mfa-financial-reports-better-than-expected-q4-results | Davit Kirakosyan | Financial Modeling Prep |
|
Cogent Communication Price Target Raised at RBC Capital following Q4 Report | 2023-03-08 19:37:00 | <p>RBC Capital analysts raised their price target on <a href='https://financialmodelingprep.com/financial-summary/CCOI'>Cogent Communication (NASDAQ:CCOI)</a> to $66 from $61 following the company’s reported Q4 results, with revenues slightly better than expectations and EBITDA slightly below.</p>
<p>Q4 EPS came in at $0.02, worse than the Street estimate of $0.18. Revenue was $152 million, compared to the Street estimate of $151 million. Management has received all material approvals from regulatory agencies globally, which should allow the Sprint transaction to close in the middle of Q2/23, in management's view.</p>
<p>The Board increased the quarterly dividend by $0.01/share to $0.925/share, in line with the pace of the dividend increase in Q3.</p>
| NASDAQ:CCOI | https://financialmodelingprep.com/market-news/fmp-cogent-communication-price-target-raised-at-rbc-capital-following-q4-report | Davit Kirakosyan | Financial Modeling Prep |
|
Nutanix Shares Drop 7% Despite Q2 Preliminary Results Beat Estimates | 2023-03-07 16:00:00 | <p><a href='https://financialmodelingprep.com/financial-summary/NTNX'>Nutanix (NASDAQ:NTNX)</a> shares fell more than 7% intra-day today despite the company posting above the Street Q2 preliminary results.</p>
<p>Revenue increased 18% year-over-year to $486.5 million, beating the Street estimate of $464.97M. ACV billings grew 23% year-over-year to $267.6 million.</p>
<p>For Q3/23, management anticipates revenue to be in the range of $430-440 million, above the Street estimate of $425.38 million. ACV billings are expected to be in the range of $220-$225 million.</p>
<p>For the full 2023-year, management sees revenue in the range of $1.8-1.81 billion, above the Street estimate of $1.78B. ACV billings are seen at $905 - $915 million.</p>
<p>Management noted that it recently discovered that the software they were using from a third-party provider that was intended to be used only for evaluation purposes was being used by Nutanix for interoperability testing, validation, and customer POCs over a multi-year period. The audit committee has started an investigation and there are likely to be additional costs. As a result, Nutanix will reschedule its investor day to the summer of 2023. Management believes the investigation will not have an impact on topline metrics and remains comfortable with its FCF guide after factoring in a potential impact from the investigation. </p>
| NASDAQ:NTNX | https://financialmodelingprep.com/market-news/fmp-nutanix-shares-drop-7-despite-q2-preliminary-results-beat-estimates- | Davit Kirakosyan | Financial Modeling Prep |
|
Lordstown Motors Shares Plummet 9% on Q4 Miss | 2023-03-07 15:58:00 | <p><a href='https://financialmodelingprep.com/financial-summary/RIDE'>Lordstown Motors (NASDAQ:RIDE)</a> shares plunged nearly 9% on Monday after the company reported its Q4 results, with EPS of ($0.45) coming in worse than the Street estimate of ($0.32). </p>
<p>The company provided an operational update as it recently announced a production and delivery halt on its debut Endurance electric pickup to address performance and quality issues within the vehicles. The company confirmed that it began deliveries of the Endurance in Q4, successfully delivering just 3 units and a total of 6 units through February before it voluntarily recalled the vehicles, leading to net sales of $0.2 million. </p>
<p>From a liquidity standpoint, the company exited the year with about $221.7 million in cash and short-term investments, $52 million of which was provided by Foxconn in the quarter as part of its previously announced equity agreement. </p>
<p>Looking ahead, management provided some initial guidance for Q1/23, calling for OPEX to decline slightly quarter-over-quarter as a large decline in SG&A will offset higher R&D spending.</p>
| NASDAQ:RIDE | https://financialmodelingprep.com/market-news/fmp-lordstown-motors-shares-plummet-9-on-q4-miss | Davit Kirakosyan | Financial Modeling Prep |
|
GoodRx Reports Better Than Expected Q4 Results | 2023-03-07 15:54:00 | <p><a href='https://financialmodelingprep.com/financial-summary/GDRX'>GoodRx Holdings, Inc. (NASDAQ:GDRX)</a> reported its Q4 earnings results last week, with EPS of $0.07 coming in better than the Street estimate of $0.05. Revenue was $184.1 million, beating the Street estimate of $178.67 million.</p>
<p>Management provided the initial 2023 guidance, estimating revenue to be in the range of $780-$790 million with a mid-20s adjusted EBITDA margin. The Street expected the company to generate $778 million in revenue with approximately a 24% margin.</p>
<p>For Q1, the company expects revenue in the range of $181-$183 million with a mid-20s margin, mostly in line with the Street estimates.</p>
<p>Management highlighted the new collaboration with Express Scripts which builds in GoodRx discount prices in the pharmacy benefits for all participating Cigna Health Plans with over 10 million lives.</p>
| NASDAQ:GDRX | https://financialmodelingprep.com/market-news/fmp-goodrx-reports-better-than-expected-q4-results- | Davit Kirakosyan | Financial Modeling Prep |
|
eHealth Shares Up 30% Since Q4 Earnings Announcement | 2023-03-07 06:58:00 | <p><a href='https://financialmodelingprep.com/financial-summary/EHTH'>eHealth (NASDAQ:EHTH)</a> share gained more than 30% since the company’s reported Q4 results last week, with revenue of $196.3 million beating the Street estimate of $179.01 million. EPS came in at $0.41, compared to the Street estimate of $0.56. </p>
<p>According to the analysts at RBC Capital, the company posted a strong finish to 2022, having demonstrated solid execution on quality enhancement initiatives launched in the second half of 2021, which principally involved the overhaul of sales and marketing practices, as well as attention to improvement in lead quality. </p>
<p>The analysts expect momentum to continue given member retention initiatives and diversification efforts. The analysts maintained their Sector Perform rating, but cut their price target to $13 from $16.</p>
| NASDAQ:EHTH | https://financialmodelingprep.com/market-news/fmp-ehealth-shares-up-30-since-q4-earnings-announcement- | Davit Kirakosyan | Financial Modeling Prep |
|
CrowdStrike’s Upcoming Q4 Earnings Preview | 2023-03-07 06:56:00 | <p>RBC Capital analysts shared their views on <a href='https://financialmodelingprep.com/financial-summary/CRWD'>CrowdStrike Holdings, Inc. (NASDAQ:CRWD)</a> ahead of the upcoming Q4/23 earnings release on Thursday.</p>
<p>Despite challenging macros, the analysts expect a slight upside compared to a pragmatic Q4 guide as the company’s checks have slowed like most, but remain strong relative to peers. </p>
<p>Consensus ARR stands at $2.517 billion, up 45% year-over-year, which implies $178.5 million of net-new ARR, down 18% year-over-year.</p>
<p>The analysts expect full 2024-year guidance to remain conservative relative to the preliminary look last quarter. The analysts reiterated their Outperform rating and $150 price target.</p>
| NASDAQ:CRWD | https://financialmodelingprep.com/market-news/fmp-crowdstrike’s-upcoming-q4-earnings-preview- | Davit Kirakosyan | Financial Modeling Prep |
|
Dine Brands Global Reports Q4 EPS Beat While Revenues Miss | 2023-03-06 18:14:00 | <p><a href='https://financialmodelingprep.com/financial-summary/DIN'>Dine Brands Global (NYSE:DIN)</a> reported its Q4 results last week, with EPS of $1.34 coming in better than the Street estimate of $1.26. Revenue was $208 million, missing the Street estimate of $214.4 million.</p>
<p>Inventors’ attention was firmly focused on the company’s full 2023-year guidance, which left a bit to be desired, on a couple of fronts. The initial adjusted EBITDA guidance range of $243-$255 million might have seemed solid, considering the Street estimate of approximately $250 million. </p>
<p>However, underneath the surface, items that investors likely took issue with were as follows: (1) the company completed its acquisition of Fuzzy's Taco's, which was not contemplated in pre-print Street estimates, but which is contemplated in the guidance, and (2) G&A and Capex were above expectations, and net unit growth was below.</p>
| NYSE:DIN | https://financialmodelingprep.com/market-news/fmp-dine-brands-global-reports-q4-eps-beat-while-revenues-miss | Davit Kirakosyan | Financial Modeling Prep |
|
Big Lots Reports Q4 EPS Beat, Revenues Roughly In-Line | 2023-03-06 18:12:00 | <p><a href='https://financialmodelingprep.com/financial-summary/BIG'>Big Lots (NYSE:BIG)</a> reported its Q4 results on Thursday, with EPS of ($0.28) coming in better than the Street estimate of ($0.74). Revenue was $1.54 billion, slightly below the Street estimate of $1.55 billion. Given the uncertain consumer environment, the company did not provide formal guidance for 2023. </p>
<p>Analysts at Deutsche Bank expect the sales environment will remain challenged in the first half of the year, particularly as furniture shortages don’t ease until April which coincides with new merchandise planned for stores under its new Chief Merchandising Officer. </p>
<p>Management noted improvements in both freight costs and shrink as well as plans to remove an additional $70 million in structural costs from the business in 2023. Still, challenges remain, including outsized exposure to an out of favor corner of retail and the Q4 closure of a key supplier impacting deliveries through H1.</p>
| NYSE:BIG | https://financialmodelingprep.com/market-news/fmp-big-lots-reports-q4-eps-beat-revenues-roughly-in-line | Davit Kirakosyan | Financial Modeling Prep |
|
GitLab’s Upcoming Q4 Earnings Preview | 2023-03-06 18:10:00 | <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 Q4/23 earnings announcement next week.</p>
<p>Given challenging macros, the analysts expect limited upside to the results. Q4 job postings were down 19% quarter-over-quarter while thus far in Q1, postings are down 79% quarter-over-quarter.</p>
<p>The analysts said the focus of earnings includes headwinds to the business, an RIF, a Premium-tier price increase, thoughts on Al/GitHub Copilot, and fiscal 2024 guidance. </p>
<p>While the analysts previously reduced their revenue estimates following the RIF, they are now increasing them slightly as they think the price increase likely points to an approximately 40% revenue growth in 2024. </p>
<p>Overall, the analysts remain bullish on the company's long-term opportunity to consolidate DevSecOps spending. RBC Capital reiterated its Outperform rating but raised its price target to $60 from $50 on higher estimates.</p>
| NASDAQ:GTLB | https://financialmodelingprep.com/market-news/fmp-gitlab’s-upcoming-q4-earnings-preview- | Davit Kirakosyan | Financial Modeling Prep |
|
The Toronto-Dominion Bank Reports Better Than Expected Q1 Results | 2023-03-06 18:07:00 | <p><a href='https://financialmodelingprep.com/financial-summary/TD'>The Toronto-Dominion Bank (NASDAQ:TD)</a> reported its Q1 results on Thursday, with adjusted EPS of $2.23 coming in better than the Street estimate of $2.19. </p>
<p>According to the analysts at RBC Capital, the company had good results with continued NIM expansion and strong earnings in Canada and U.S. P&C. With no visibility on the timing of the First Horizon (FHN) acquisition, the analysts revised their assumption to reflect the acquisition closing in Q1/24 (was Q2/23) and this affects their earnings expectations considerably for 2023 and less for 2024. RBC’s core EPS estimate moved to $8.73 from $9.62 in 2023 and to $10.25 from $10.48 in 2024. </p>
| NASDAQ:TD | https://financialmodelingprep.com/market-news/fmp-the-toronto-dominion-bank-reports-better-than-expected-q1-results- | Davit Kirakosyan | Financial Modeling Prep |
|
C3.ai Shares Jump 33% on Q3 Beat & Strong Outlook | 2023-03-06 06:32:00 | <p><a href='https://financialmodelingprep.com/financial-summary/AI'>C3.ai (NYSE:AI)</a> shares surged more than 33% on Friday after the company reported a Q3 beat and a better-than-expected outlook.</p>
<p>Q3 EPS came in at ($0.06), better than the Street estimate of ($0.22). Revenue was $66.7 million, beating the Street estimate of $64.22 million, with the help of increased Services revenue contribution from related party Baker Hughes, and on operating margin as the company took steps to prudently manage OpEx spending (down 8% year-over-year).</p>
<p>The company provided its fiscal 2023 outlook, expecting revenue to be in the range of $264-266 million, compared to the Street estimate of $261 million.</p>
<p>Looking forward, the company didn’t provide formal revenue guidance for 2024 but reiterated that it is tracking in line to slightly better than the initial plan laid out two quarters ago that called for revenue growth of 30% year-over-year in 2024.</p>
| NYSE:AI | https://financialmodelingprep.com/market-news/fmp-c3ai-shares-jump-33-on-q3-beat-&-strong-outlook | Davit Kirakosyan | Financial Modeling Prep |
|
Sprouts Farmers Market Shares Surge 13% Following Q4 Report | 2023-03-06 06:30:00 | <p><a href='https://financialmodelingprep.com/financial-summary/SFM'>Sprouts Farmers Market, Inc. (NASDAQ:SFM)</a> shares jumped nearly 13% on Thursday after the company reported its Q4 results, with net sales of $1.6 billion, growing 6% year-over-year. Comparable store sales increased 2.9% year-over-year. </p>
<p>The gross profit margin was well managed despite inflationary pressures, which together resulted in an EPS beat. Diluted EPS came in at $0.42.</p>
<p>For Q1/23, the company expects comparable store sales growth in the range of 1.5%-2.5% and adjusted diluted EPS in the range of $0.83-$0.87. For the full year, net sales growth is seen at 4%-6%, and comparable store sales growth is expected in the low-single-digits rate. Adjusted EBIT is expected to be in the range of $355-$370 million and adjusted diluted EPS in the range of $2.41-$2.53.</p>
| NASDAQ:SFM | https://financialmodelingprep.com/market-news/fmp-sprouts-farmers-market-shares-surge-13-following-q4-report | Davit Kirakosyan | Financial Modeling Prep |
|
Tremor International’s Upcoming Q4 Earnings Preview | 2023-03-06 06:28:00 | <p>RBC Capital analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/TRMR'>Tremor International Ltd (NASDAQ:TRMR)</a> ahead of the upcoming Q4 earnings release, scheduled on March 7.</p>
<p>Aligned with peer results, the analysts expect Tremor to see headwinds to results from a challenging December but would note their 87% video mix makes them more defensible to the impact in display. </p>
<p>According to the analysts, macros remain at the top of mind particularly for 2023 sentiment as management teams have seemed cautiously optimistic on a December/January trough, while Q1 guidance will likely be influenced by when trends start to improve. </p>
<p>Outside of headline numbers and macro, the analysts look for progress on company-specific initiatives including the partnership with VIDAA around ACR data as well as traction from the company's ad server in Spearad. </p>
<p>The analysts expect investors will be focused on the progress around the acquisition of Amobee where cost synergies have already started but will also look for incremental data around revenue synergies and consolidation of more Amobee spend on the end-to-end platform.</p>
| NASDAQ:TRMR | https://financialmodelingprep.com/market-news/fmp-tremor-international’s-upcoming-q4-earnings-preview | Davit Kirakosyan | Financial Modeling Prep |
|
Broadcom Shares Soar 5% on Q1 Beat & Better Than Expected Guidance | 2023-03-05 10:31:00 | <p><a href='https://financialmodelingprep.com/financial-summary/AVGO'>Broadcom (NASDAQ:AVGO)</a> shares surged more than 5% on Friday after the company reported its Q1 results, with EPS of $10.33 coming in better than the Street estimate of $10.18. Revenue was $8.92 billion, slightly above the Street estimate of $8.9 billion.</p>
<p>For Q2/23, the company expects revenue to be approximately $8.7 billion, better than the Street estimate of $8.58 billion. Adjusted EBITDA is expected to be approximately 64.5% of projected revenue.</p>
<p>According to the analysts at Deutsche Bank, consistency and stability continue to set the company apart from its peers during a fairly tumultuous time for the semiconductor industry (and the economy as a whole). Notably, management indicated that they expect growth to "moderate" heading into Q2, but believe they can achieve a "soft landing" while still seeing year-over-year growth in H2/23 (due primarily to high-quality revenue mix and aggressive backlog scrubbing).</p>
| NASDAQ:AVGO | https://financialmodelingprep.com/market-news/fmp-broadcom-shares-soar-5-on-q1-beat-&-better-than-expected-guidance- | Davit Kirakosyan | Financial Modeling Prep |
|
Marvell Technology Shares Drop 4% on Weak Guidance | 2023-03-05 10:29:00 | <p><a href='https://financialmodelingprep.com/financial-summary/MRVL'>Marvell Technology (NASDAQ:MRVL)</a> shares fell more than 4% on Friday after the company reported solid Q4 results, but missed Q1/24 estimates. Q4 EPS came in at $0.46, in line with the Street estimate. Revenue was $1.42 billion, slightly above the Street estimate of $1.4 billion.</p>
<p>For Q1/2024, the company expects EPS to be in the range of $0.24-$0.34, worse than the Street estimate of $0.41. Revenue is seen at $1.3 billion, missing the Street estimate of $1.38 billion.</p>
<p>Importantly, the company expects a revenue recovery to occur in the second half of the year (Storage rebound from a 50% drop in the current downturn, bolstered by company-specific cloud ramps), a theme echoed by many Data-Center exposed semi-peers, albeit with the formerly “immune” company-specific Cloud-optimized revenues likely to contribute only half of the former goal (ramp timing pushed out).</p>
| NASDAQ:MRVL | https://financialmodelingprep.com/market-news/fmp-marvell-technology-shares-drop-4-on-weak-guidance- | Davit Kirakosyan | Financial Modeling Prep |
|
FactSet Research Systems’ Upcoming Q2 Earnings Preview | 2023-03-05 10:24:00 | <p>RBC Capital analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/FDS'>FactSet Research Systems Inc. (NYSE:FDS)</a> ahead of the company’s upcoming Q2/23 earnings announcement, scheduled on March 23.</p>
<p>The analysts expect a Q2 ASV (Annual Subscription Value) of $2.05 billion, in line with the Street estimate, revenues of $513 million, compared to the Street estimate of $515 million, and EBITDA of $182 million, above the Street estimate of $179 million.</p>
<p>The analysts believe higher inflation and content, product, and technology investments could potentially help deliver greater price increases in Q2/23 and estimate $25-30 million in incremental ASV given greater pricing discipline evidenced by the deal desk with a greater emphasis on proprietary data given rising third-party data costs. As a reminder, the company will roll out international price increases in Q3/22.</p>
| NYSE:FDS | https://financialmodelingprep.com/market-news/fmp-factset-research-systems’-upcoming-q2-earnings-preview- | Davit Kirakosyan | Financial Modeling Prep |
|
Box Shares Plummet 12% on Weak Revenue Outlook | 2023-03-03 05:55:00 | <p><a href='https://financialmodelingprep.com/financial-summary/BOX'>Box (NYSE:BOX)</a> shares plunged more than 12% yesterday after the company reported its Q4 results, highlighted by a weak revenue outlook. Q4 EPS came in at $0.37, better than the Street estimate of $0.34. Revenue was $256.5 million, in line with expectations. </p>
<p>For the full 2024 year, the company expects EPS in the range of $1.42-$1.48, compared to the Street estimate of $1.47. Revenue is seen at $1.05-1.06 billion, missing the Street estimate of $1.1 billion.</p>
<p>According to the analysts at RBC Capital, the key takeaways from the print were (1) leading indicators were mixed, with a notable billings deceleration and further NRR contraction, (2) 2024 revenue/billings guidance missed expectations, (3) macro commentary was downbeat, as reflected in the numbers, although management referred to guidance as prudent, and (4) margin upside was not enough to offset the lackluster top-line outlook.</p>
| NYSE:BOX | https://financialmodelingprep.com/market-news/fmp-box-shares-plummet-12-on-weak-revenue-outlook- | Davit Kirakosyan | Financial Modeling Prep |
|
Wendy's Reports Better Than Expected Q4 Results, Provides Guidance | 2023-03-03 05:52:00 | <p><a href='https://financialmodelingprep.com/financial-summary/WEN'>Wendy's (NASDAQ:WEN)</a> reported its Q4 results on Wednesday, with EPS of $0.22 coming in better than the Street estimate of $0.20. Revenue was $536.5 million, beating the Street estimate of $533.79 million.</p>
<p>The company provided its full 2023-year outlook, expecting EPS to be in the range of $0.95-$1.00, compared to the Street estimate of $1.00. Global systemwide sales growth is expected to grow in the range of 6-8%.</p>
<p>There were no major earnings surprises in the report, as the company preannounced its Q4 top-line and certain 2023 outlook items in mid-January. The key headline, however, was a reinstatement of long-term targets, including mid-single-digit system-wide sales growth and high-single-digit to low-double-digit free cash flow growth (both 2024 and 2025), along with increased visibility into the long-term development outlook.</p>
| NASDAQ:WEN | https://financialmodelingprep.com/market-news/fmp-wendys-reports-better-than-expected-q4-results-provides-guidance- | Davit Kirakosyan | Financial Modeling Prep |
|
Salesforce Shares Surge 11% on Better Than Expected Q4 & Outlook | 2023-03-02 19:38:00 | <p><a href='https://financialmodelingprep.com/financial-summary/CRM'>Salesforce (NYSE:CRM)</a> shares soared more than 11% today after the company reported its Q4 results, with EPS of $1.68 beating the Street estimate of $1.36. Revenue of $8.38 billion also came in better than the Street estimate of $8 billion.</p>
<p>The company anticipates Q1/24 EPS to be in the range of $1.60-$1.61, compared to the Street estimate of $1.32, and revenue in the range of $8.16-8.18 billion, compared to the Street estimate of $8.05 billion.</p>
<p>For the full 2024 year, the company expects EPS of $7.12-$7.14, compared to the Street estimate of $5.84, and revenue of $34.5-34.7 billion, compared to the Street estimate of $34.03 billion.</p>
| NYSE:CRM | https://financialmodelingprep.com/market-news/fmp-salesforce-shares-surge-11-on-better-than-expected-q4-&-outlook | Davit Kirakosyan | Financial Modeling Prep |
|
Okta Shares Soar 13% on Q4 Beat & Strong Outlook | 2023-03-02 18:47:00 | <p><a href='https://financialmodelingprep.com/financial-summary/OKTA'>Okta, Inc. (NASDAQ:OKTA)</a> shares jumped more than 13% on Thursday after the company reported its Q4 results, with EPS of $0.30 coming in better than the Street estimate of $0.09. Revenue of $510 million was also above the Street estimate of $489.79 million, highlighting continued improvement in sales execution, stable attrition, and strong upsell activity in a challenging macro backdrop.</p>
<p>For Q1/24, management sees EPS in the range of $0.11-$0.12, compared to the Street estimate of $0.00, and revenue in the range of $509-$511 million, compared to the Street estimate of $497.9 million.</p>
<p>For the full 2024 year, management anticipates EPS to be in the range of $0.74-$0.79, compared to the Street estimate of $0.32, and revenue in the range of $2.155-2.17 billion, compared to the Street estimate of $2.16 billion.</p>
| NASDAQ:OKTA | https://financialmodelingprep.com/market-news/fmp-okta-shares-soar-13-on-q4-beat-&-strong-outlook | Davit Kirakosyan | Financial Modeling Prep |
|
AvidXchange Shares Plummet 10% Following Q4 Earnings Announcement | 2023-03-02 18:45:00 | <p><a href='https://financialmodelingprep.com/financial-summary/AVDX'>AvidXchange Holdings (NASDAQ:AVDX)</a> shares dropped nearly 10% on Wednesday following the company’s reported Q4 results, with EPS of ($0.13) coming in worse than the Street estimate of ($0.09). Revenue was $86.18 million, compared to the Street estimate of $85.29 million.</p>
<p>Positively, the ramp in float revenues has allowed the company to pull forward its adjusted EBITDA breakeven to this year from 2024. However, management highlighted broad-based caution among mid-market buyers which has resulted in sales cycles elongating by 5-10 days along with a pullback discretionary spending across advertising, marketing, and professional services. </p>
<p>The company provided its fiscal 2023 revenue guidance of $359-$366 million (13.5-15.7% year-over-year), which is below the Street estimate.</p>
| NASDAQ:AVDX | https://financialmodelingprep.com/market-news/fmp-avidxchange-shares-plummet-10-following-q4-earnings-announcement- | Davit Kirakosyan | Financial Modeling Prep |
|
Pure Storage Plunges 15% on Disappointing Outlook | 2023-03-02 18:43:00 | <p><a href='https://financialmodelingprep.com/financial-summary/PSTG'>Pure Storage, Inc. (NYSE:PSTG)</a> plunged more than 15% on Thursday after the company issued a disappointing outlook, despite beating Q4 EPS estimates.</p>
<p>Q4 EPS came in at $0.53, compared to the Street estimate of $0.38. Revenue was $810.2 million, slightly lower than the Street estimate of $811.73 million.</p>
<p>For the full 2024 year, the company expects revenue to grow mid to high-single-digits year-over-year, which is lower than its preliminary outlook of over 10% growth.</p>
<p>While new opportunities were solid, the close rate has slowed due to longer diligence/approval periods and tightening budgets. For Q1, management expects revenue to be down 10% year-over-year, but that implies very strong sequential growth for the remainder of the year to hit the full-year target. </p>
<p>On the positive side, subscription ARR growth and margins remain strong, while there is a slight uptick in the fiscal 2024 operating margin target despite lower revenue expectations.</p>
<p>The company also approved an additional $250 million stock repurchase program.</p>
| NYSE:PSTG | https://financialmodelingprep.com/market-news/fmp-pure-storage-plunges-15-on-disappointing-outlook | Davit Kirakosyan | Financial Modeling Prep |
|
Hims & Hers Health Shares Surge 19% on Q4 Beat & Strong Guidance | 2023-03-02 06:23:00 | <p><a href='https://financialmodelingprep.com/financial-summary/HIMS'>Hims & Hers Health, Inc. (NYSE:HIMS)</a> shares rose more than 19% since the company’s reported Q4 results on Monday, with EPS of ($0.05) coming in better than the Street estimate of ($0.06). Revenue was $167.2 million, beating the Street estimate of $160.8 million.</p>
<p>The company expects Q1/23 revenue to be in the range of $175-180 million, better than the Street estimate of $163 million. For the full year, the company expects revenue to be in the range of $735-755 million, above the Street estimate of $727 million.</p>
<p>The company provided its 2025 expectations, calling for revenue of at least $1.2 billion and adjusted EBITDA of at least $100 million, both figures trending ahead of the Street estimates. The revenue outlook is consistent with management’s prior commentary of at least a 30% growth rate in the next several years.</p>
| NYSE:HIMS | https://financialmodelingprep.com/market-news/fmp-hims-&-hers-health-shares-surge-19-on-q4-beat-&-strong-guidance- | Davit Kirakosyan | Financial Modeling Prep |
|
HP Reports EPS Beat, While Revenues Miss | 2023-03-02 06:21:00 | <p><a href='https://financialmodelingprep.com/financial-summary/HPQ'>HP Inc. (NYSE:HPQ)</a> reported its Q1 results on Tuesday, with EPS coming in at $0.75, better than the Street estimate of $0.74, while the revenue of $13.8 billion missed the Street estimate of $14.15 billion.</p>
<p>The company expects Q2/23 EPS to be in the range of $0.73-$0.83, compared to the Street estimate of $0.76.</p>
<p>The company maintained its full-year EPS guidance of $3.20-$3.60 (vs. Street’s $3.29) despite much weaker enterprise demand, as it expects the stronger margin (for both PS and Print) to continue in 2023.</p>
<p>With regards to end demand, management highlighted tightening corporate budgets began to affect large enterprise demand, and therefore it lowered its PC unit TAM forecast for 2023 from down 10% to down high-teens percent, while it also expects channel inventory drawdown to push out by a quarter.</p>
| NYSE:HPQ | https://financialmodelingprep.com/market-news/fmp-hp-reports-eps-beat-while-revenues-miss | Davit Kirakosyan | Financial Modeling Prep |
|
Advance Auto Parts Reports Q4 Beat & Better Than Expected Guidance | 2023-03-02 06:09:00 | <p><a href='https://financialmodelingprep.com/financial-summary/AAP'>Advance Auto Parts (NYSE:AAP)</a> reported its Q4 results, with EPS of $2.88 beating the Street estimate of $2.43. Revenue was $2.5 billion, above the Street estimate of $2.42 billion.</p>
<p>The company provided its full 2023 year outlook, expecting revenue in the range of $11.4-11.6 billion, compared to the Street estimate of $11.33 billion.</p>
<p>According to the analysts at RBC Capital, visibility into the company's forward margin trajectory remains limited, feeding into the current valuation gap vs. peers. With an unclear margin outlook and uncertainty around where new leadership may be focused, the analysts believe shares are likely to trade sideways near-term. The analysts maintained their Sector Perform rating and $158 price target on the company’s shares.</p>
| NYSE:AAP | https://financialmodelingprep.com/market-news/fmp-advance-auto-parts-reports-q4-beat-&-better-than-expected-guidance- | Davit Kirakosyan | Financial Modeling Prep |
Subsets and Splits