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Urban Outfitters Reports Q4 Revenue Beat, EPS Misses | 2023-03-01 18:16:00 | <p><a href='https://financialmodelingprep.com/financial-summary/URBN'>Urban Outfitters (NASDAQ:URBN)</a> reported its Q4 results, with EPS of $0.34 coming in worse than the Street estimate of $0.38, while revenue of $1.38 billion beat the Street estimate of $1.37 billion. Revenue growth was driven by solid results at Anthropologie and Free People (up 9% and 15%, respectively), while Urban Outfitters was down 10%. </p>
<p>The brand continues to be negatively impacted by the macro environment in North America along with the supply chain disruption given Urban Outfitters’ reliance on ocean freight. </p>
<p>Moving ahead, management highlighted improvements in the supply chain and the ability to chase, but still expect trends to remain tough in Q1 (comps expected to be similar to Q4) with opportunity for improvement in Q2 and beyond.</p>
| NASDAQ:URBN | https://financialmodelingprep.com/market-news/fmp-urban-outfitters-reports-q4-revenue-beat-eps-misses | Davit Kirakosyan | Financial Modeling Prep |
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Ecovyst Reports Q4 Results, Provides Guidance | 2023-03-01 18:13:00 | <p><a href='https://financialmodelingprep.com/financial-summary/ECVT'>Ecovyst Inc. (NYSE:ECVT)</a> reported its Q4 results on Tuesday, with revenues growing 7.4% year-over-year to $182.8 million.</p>
<p>Net income came in at $21.5 million, representing a 176% period-over-period growth, with a net income margin of 11.8%. Adjusted EBITDA was $69.2 million, growing 9.4% period-over-period.</p>
<p>The company provided its full 2023-year outlook, expecting revenue in the range of $760-$790 million and adjusted EBITDA of $285-$300 million.</p>
<p>According to the analysts at Deutsche Bank, the company’s light Q1 guidance was surprising but understandable as the quarter is being impacted by (1) repair and maintenance costs and volume losses due to Winter Storm Elliott in late December and (2) and timing issues stemming from the delay of certain large Catalyst sales into Q2.</p>
| NYSE:ECVT | https://financialmodelingprep.com/market-news/fmp-ecovyst-reports-q4-results-provides-guidance- | Davit Kirakosyan | Financial Modeling Prep |
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Why eHealth Shares Plunged 16% Yesterday? | 2023-03-01 18:10:00 | <p><a href='https://financialmodelingprep.com/financial-summary/EHTH'>eHealth (NASDAQ:EHTH)</a> shares plunged more than 16% on Tuesday (recovered today - up 9%) despite the company reporting better-than-expected Q4 revenues of $196.3 million (vs. Street’s $179.01 million) and positive outlook. </p>
<p>Q4 adjusted diluted EPS came in at $1.14 came, beating the Street estimate of $0.83 driven by significant margin improvement in Medicare business with ongoing operating cost savings.</p>
<p>Despite the solid earnings beat and positive 2023 guidance, shares plummeted as some commentary around imminent details on a potential capital raise may have struck investors’ attention.</p>
| NASDAQ:EHTH | https://financialmodelingprep.com/market-news/fmp-why-ehealth-shares-plunged-16-yesterday? | Davit Kirakosyan | Financial Modeling Prep |
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TaskUs Shares Plunge 17% on Disappointing Outlook | 2023-03-01 16:19:00 | <p><a href='https://financialmodelingprep.com/financial-summary/TASK'>TaskUs, Inc. (NASDAQ:TASK)</a> shares plummeted 17% on Tuesday after the company reported its Q4 earnings results and provided worse-than-expected guidance.</p>
<p>Q4 EPS came in at $0.33, in line with the Street expectations. Revenue was $242.5 million, compared to the Street estimate of $232.1 million.</p>
<p>For the full 2023 year, the company expects revenue to be in the range of $940-$990 million, below the Street estimate of $999.7 million.</p>
<p>Although Q4 performance was solid, continued cost rationalization from key clients, increasing focus on pivoting to offshore work, delayed sales cycles, and transformational deals taking longer to close all point to a more challenging revenue trajectory for 2023.</p>
| NASDAQ:TASK | https://financialmodelingprep.com/market-news/fmp-taskus-shares-plunge-17-on-disappointing-outlook- | Davit Kirakosyan | Financial Modeling Prep |
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Zoom Reports Q4 Beat & Mixed Guidance | 2023-03-01 16:17:00 | <p><a href='https://financialmodelingprep.com/financial-summary/ZM'>Zoom (NASDAQ:ZM)</a> reported its Q4 earnings results on Monday, with slightly better-than-expected revenues and much stronger-than-expected EPS as management started to realign spending/investment priorities.</p>
<p>EPS came in at $1.22, better than the Street estimate of $0.81. Revenue was $1.12 billion, compared to the Street estimate of $1.1 billion. However, the demand environment remains challenging as seen in muted fiscal 2024 revenue growth guidance (up 1% year-over-year at the mid-point).</p>
<p>Q1/24 EPS is seen at $0.96-$0.98, compared to the Street estimate of $0.84. Revenue is expected in the range of $1.08-1.085 billion, compared to the Street estimate of $1.11 billion.</p>
<p>For fiscal 2024, the company expects EPS of $4.11-$4.18, compared to the Street estimate of $3.65. Full-year revenue is expected to be in the range of $4.435-4.455 billion, compared to the Street estimate of $4.6 billion.</p>
| NASDAQ:ZM | https://financialmodelingprep.com/market-news/fmp-zoom-reports-q4-beat-&-mixed-guidance- | Davit Kirakosyan | Financial Modeling Prep |
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Ameresco Shares Drop 15% Following Worse Than Expected Q4 Results | 2023-03-01 16:15:00 | <p><a href='https://financialmodelingprep.com/financial-summary/AMRC'>Ameresco (NYSE:AMRC)</a> shares plunged more than 15% on Tuesday (partly recovered today) following the company’s reported Q4 results, with EPS of $0.34 missing the Street estimate of $0.38. Revenue was $331.7 million, worse than the Street estimate of $367.2 million.</p>
<p>However, fiscal 2023 EBITDA guidance ($210-$220 million), though back-weighted, was in line with the Street estimates and reflects a line of sight to key projects' mid-year completion.</p>
<p>Revenues and EPS are expected to be $1.45–1.55 billion and $1.80–1.90, compared to the Street estimate of $1.564 billion and $1.84, respectively.</p>
| NYSE:AMRC | https://financialmodelingprep.com/market-news/fmp-ameresco-shares-drop-15-following-worse-than-expected-q4-results | Davit Kirakosyan | Financial Modeling Prep |
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Campbell Soup’s Upcoming Q2 Earnings Preview | 2023-03-01 16:13:00 | <p>Deutsche Bank analysts provided their views on <a href='https://financialmodelingprep.com/financial-summary/CPB'>Campbell Soup Company (NYSE:CPB)</a> ahead of the upcoming Q2 earnings announcement on March 8.</p>
<p>According to the analysts, top-line momentum continues to be supported by favorable consumption trends, supply and retailer inventory recovery, and incremental category trade-in. The analysts anticipate a top-line beat in Q2. However, they noted that private label share gains are worth monitoring and they expect some sequential deceleration in food service demand (even if the recovery in that channel should remain additive to overall growth in the near term). </p>
<p>Below the revenue line, the analysts expect strong pricing and ongoing productivity to be favorable to gross margins, despite likely volume deleverage and lingering inflation.</p>
| NYSE:CPB | https://financialmodelingprep.com/market-news/fmp-campbell-soup’s-upcoming-q2-earnings-preview | Davit Kirakosyan | Financial Modeling Prep |
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MKS Instruments Shares Up 4% on Strong Q4 Results | 2023-03-01 16:10:00 | <p><a href='https://financialmodelingprep.com/financial-summary/MKSI'>MKS Instruments (NASDAQ:MKSI)</a> shares gained more than 5% on Tuesday after the company reported its Q4 results, with EPS of $2.00 coming in better than the Street estimate of $1.34. Revenue was $1.09 billion, beating the Street estimate of $994.01 million.</p>
<p>While the company did not provide much color on the demand dynamics observed through the quarter, management attributed the beat to solid operational execution, with both revenue and profitability exceeding the midpoint of guidance ranges. </p>
<p>By end market, Semis revenue was $503 million, Advanced Electronics revenue was $267 million, and Specialty Industrial revenue was $316 million. </p>
| NASDAQ:MKSI | https://financialmodelingprep.com/market-news/fmp-mks-instruments-shares-up-4-on-strong-q4-results | Davit Kirakosyan | Financial Modeling Prep |
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Workday Reports Q4 Beat, Provides Guidance | 2023-03-01 16:05:00 | <p><a href='https://financialmodelingprep.com/financial-summary/WDAY'>Workday (NASDAQ:WDAY)</a> reported its Q4 results on Monday, winning new large FINS customers, beating the Street on operating margins and margin guidance, and guiding to 21% year-over-year growth for Q1 24-month subscription revenue backlog, one point above consensus.</p>
<p>EPS came in at $0.99, better than the Street estimate of $0.89. Quarterly revenue increased 19.6% year-over-year to $1.65 billion, compared to the Street estimate of $1.63B. </p>
<p>The results support back-office resiliency and good execution by management in an uncertain macro. These positives were offset by a below-consensus Q1 and 2024 guidance on subscription revenue that may prove conservative and increasingly challenging new big deals that are consistent across software.</p>
<p>The company anticipates 2024 subscription revenue to be in the range of $6.525-$6.575 billion and a non-GAAP operating margin to be around 23%.</p>
| NASDAQ:WDAY | https://financialmodelingprep.com/market-news/fmp-workday-reports-q4-beat-provides-guidance- | Davit Kirakosyan | Financial Modeling Prep |
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SpartanNash Shares Plunge 15% on Q4 EPS Miss | 2023-02-28 20:03:00 | <p><a href='https://financialmodelingprep.com/financial-summary/SPTN'>SpartanNash (NASDAQ:SPTN)</a> shares fell more than 15% on Thursday after the company reported its Q4 results, with EPS of $0.28 missing the Street estimate of $0.32, driven by disappointing operating margins, which were down 74% compared to last year. Revenue was $2.3 billion, compared to the Street estimate of $2.24 billion.</p>
<p>For the full 2023 year, the company expects EPS to be in the range of $2.20-$2.35, compared to the Street estimate of $2.59. Revenue is seen at $9.9-$10.2 billion, compared to the Street estimate of $9.93 billion.</p>
<p>Management raised its long-term sales target to $10.5 billion from $10 billion but held the long-term adjusted EBITDA target at $300 million+, leaving investors to question profitability if top-line sales slow, given a rising cost environment.</p>
| NASDAQ:SPTN | https://financialmodelingprep.com/market-news/fmp-spartannash-shares-plunge-15-on-q4-eps-miss | Davit Kirakosyan | Financial Modeling Prep |
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Armstrong World Reports Q4 EPS Miss, While Revenues Beat Estimates | 2023-02-28 20:01:00 | <p><a href='https://financialmodelingprep.com/financial-summary/AWI'>Armstrong World (NYSE:AWI)</a> reported its Q4 results last week, with EPS coming in at $1.08, worse than the Street estimate of $1.12. Revenue was $304.5 million, better than the Street estimate of $299.33 million.</p>
<p>Adjusted EBITDA in the quarter was $91 million, shy of the Street estimate of $95 million and the adjusted EBITDA margin contracted 130bps to 29.9%.</p>
<p>The company provided its fiscal 2023 outlook, expecting EPS in the range of $4.80-$5.05, worse than the Street estimate of $5.25. Full-year revenue is expected to be in the range of $1.26-1.31 billion, compared to the Street estimate of $1.29 billion.</p>
| NYSE:AWI | https://financialmodelingprep.com/market-news/fmp-armstrong-world-reports-q4-eps-miss-while-revenues-beat-estimates- | Davit Kirakosyan | Financial Modeling Prep |
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Teladoc Shares Drop 6% Despite Q4 Beat | 2023-02-28 19:59:00 | <p><a href='https://financialmodelingprep.com/financial-summary/TDOC'>Teladoc (NYSE:TDOC)</a> shares fell more than 6% on Thursday despite the company reporting better-than-expected Q4 results. EPS came in at ($0.23), beating the Street estimate of ($0.25). Revenue was $637.7 million, compared to the Street estimate of $633.4 million.</p>
<p>One of the key takeaways from the results was the company’s pivot from an equity growth story to more of a value/margin expansion story. This represents a pretty dramatic pivot from the messaging at the company’s investor day in late 2021. </p>
<p>While the company’s 2023 targets seem achievable, it is targeting low single-digit membership growth and mid-single to low-double-digit revenue growth in the consolidated business.</p>
| NYSE:TDOC | https://financialmodelingprep.com/market-news/fmp-teladoc-shares-drop-6-despite-q4-beat | Davit Kirakosyan | Financial Modeling Prep |
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Zscaler’s Upcoming Q2 Earnings Preview | 2023-02-28 19:57:00 | <p>RBC Capital analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/ZS'>Zscaler, Inc. (NASDAQ:ZS)</a> ahead of the company’s upcoming Q2/23 earnings announcement on March 2.</p>
<p>The analysts expect a slight upside to results, though less than prior quarters given an uneven macro environment in addition to the incremental risk from their prior sales reorganization and lower job postings. </p>
<p>The analysts look for (1) a slight upside to Q2 revenue vs. guidance of $364-366 million and a Street estimate of $366 million, and (2) a slight upside to billings vs. a Street estimate of $491 million.</p>
<p>The analysts believe guidance is de-risked as it assumed no December budget flush. They believe guidance could move slightly higher through the year in addition to 150-180 bps margin expansion in fiscal 2023.</p>
| NASDAQ:ZS | https://financialmodelingprep.com/market-news/fmp-zscaler’s-upcoming-q2-earnings-preview- | Davit Kirakosyan | Financial Modeling Prep |
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Uniti Group Reports Worse Than Expected Q4 Results | 2023-02-28 19:55:00 | <p><a href='https://financialmodelingprep.com/financial-summary/UNIT'>Uniti Group Inc. (NASDAQ:UNIT)</a> reported its Q4 earnings results on Friday, with EPS of $0.13 coming in worse than the Street estimate of $0.18. Revenue was $283.74 million, missing the Street estimate of $285.54 million.</p>
<p>Management is focused on driving organic growth, and remains disciplined with regard to M&A. It does not expect any transactions in the near term given the macro environment. </p>
<p>The company introduced long-term organic growth targets for its strategic fiber business. Through 2030, management projects strategic fiber revenue/EBITDA midpoints of $850 million/$575 million, equating to CAGRs of approximately 7% and 9%, respectively. </p>
| NASDAQ:UNIT | https://financialmodelingprep.com/market-news/fmp-uniti-group-reports-worse-than-expected-q4-results | Davit Kirakosyan | Financial Modeling Prep |
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What to Expect From The Kroger’s Upcoming Q4 Earnings Announcement? | 2023-02-28 19:53:00 | <p>Oppenheimer analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/KR'>The Kroger Co. (NYSE:KR)</a> ahead of the upcoming Q4 earnings release, scheduled on March 2.</p>
<p>The analysts expect another above-plan delivery and believe management could introduce guidance above the Street estimates. Their conservative full 2023-year EPS forecast of $4.30 remains above the Street estimate of $4.19. </p>
<p>According to the analysts, investor sentiment has waned toward the company lately amidst uncertainty on the approval of the ACI merger, a peaking food inflation cycle, and continued grocery share shifts to value channels.</p>
<p>The key focus of the call will be (1) Q4 results/2023 guide, (2) an update on the pending ACI merger, (3) a new e-commerce forecast amidst a slower shift in 2022, and (4) management’s food inflation expectations.</p>
| NYSE:KR | https://financialmodelingprep.com/market-news/fmp-what-to-expect-from-the-kroger’s-upcoming-q4-earnings-announcement? | Davit Kirakosyan | Financial Modeling Prep |
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Carvana Stock Plunges 20% on Q4 Miss, Warns of Further Sales Drop | 2023-02-27 18:27:00 | <p><a href='https://financialmodelingprep.com/financial-summary/CVNA'>Carvana Co. (NYSE:CVNA)</a> shares plunged 20% on Friday (recovered today - up 11%) after the company reported its Q4 results, with EPS of ($7.61) missing the Street estimate of ($2.12).</p>
<p>Revenue was $2.84 billion, worse than the Street estimate of $3.07 billion, driven by weakening consumer demand amid rising interest rates and limited vehicle affordability, as well as the company’s intentional reduction in advertising and inventory levels.</p>
<p>The company expects a further decline in revenues, noting a sequential reduction in retail units sold in Q1/23.</p>
<p>Deutsch Bank analysts provided their views on the company following the result, lowering their price target to $10 from $16. The analysts anticipate that there will be a natural period of transition lasting a few years as the company concentrates on adjusting its business and reducing expenses before it can redirect its attention toward increasing revenue.</p>
| NYSE:CVNA | https://financialmodelingprep.com/market-news/fmp-carvana-stock-plunges-20-on-q4-miss-warns-of-further-sales-drop | Davit Kirakosyan | Financial Modeling Prep |
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Altice USA Shares Down 14% Since Q4 Miss | 2023-02-27 18:24:00 | <p><a href='https://financialmodelingprep.com/financial-summary/ATUS'>Altice USA (NYSE:ATUS)</a> shares fell more than 14% since the company’s reported Q4 results on Wednesday, with EPS of ($0.43) coming in worse than the Street estimate of $0.21. Revenue was $2.37 billion, missing the Street estimate of $2.4 billion.</p>
<p>There were some positives in the results, namely some underlying improvement in customer losses and customer metrics, and a new senior management team that is bringing a fresh perspective and approach to running the business. </p>
<p>There were also some negatives, including commentary suggesting higher expense growth in 2023 than estimated, and a slower pace of line extension activity in 2023.</p>
| NYSE:ATUS | https://financialmodelingprep.com/market-news/fmp-altice-usa-shares-down-14-since-q4-miss | Davit Kirakosyan | Financial Modeling Prep |
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Block Shares Gain 4% on Better Than Expected Q4 Results | 2023-02-27 18:20:00 | <p><a href='https://financialmodelingprep.com/financial-summary/SQ'>Block (NYSE:SQ)</a> shares rose more than 4% on Friday after the company reported its Q4 results, with revenue of $4.65 billion (up 14% year-over-year) coming in better than the Street estimate of $4.62 billion, boosted by subscription & services revenues, which grew 70% year-over-year. EPS was $0.22, compared to the Street estimate of $0.30. </p>
<p>The company provided better-than-expected profit guidance for the fiscal 2023-year. Adjusted EBITDA is expected to be $1.3 billion, compared to the Street estimate of $1.28 billion.</p>
<p>Additionally, management outlined its long-term investment framework, where both SQ overall and each of its Square/Cash App ecosystems will target gross profit retention (NRR) of more than 100% long-term. The company is also targeting a Rule of 40 where gross profit growth plus adjusted operating margin should exceed 40% over the long term.</p>
| NYSE:SQ | https://financialmodelingprep.com/market-news/fmp-block-shares-gain-4-on-better-than-expected-q4-results | Davit Kirakosyan | Financial Modeling Prep |
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Warner Bros. Discovery Misses Q4 EPS and Revenues | 2023-02-26 18:07:00 | <p><a href='https://financialmodelingprep.com/financial-summary/WBD'>Warner Bros. Discovery (NASDAQ:WBD)</a> reported its Q4 results on Thursday, with EPS coming in at ($0.86), worse than the Street estimate of ($0.29). Revenue was $11.01 billion (down 11.3% year-over-year), missing the Street estimate of $11.23 billion, on lower Studios content and Networks advertising revenue.</p>
<p>Adjusted EBITDA was down 5% year-over-year to $2.60 billion, 1.3% above the Street estimates and reflected meaningfully lower DTC losses somewhat offset by lower contributions at Studios and higher corporate costs.</p>
<p>Notably, DTC losses were significantly narrower than expected in the quarter and management is eyeing roughly break-even in Q1/23 ahead of the upcoming domestic launch of the re-imagined streaming service (unveiling slated for April 12th). Cyclical and secular challenges across the linear ad market are weighing on results and sentiment, though it is expected that some of this pressure will abate throughout the year.</p>
| NASDAQ:WBD | https://financialmodelingprep.com/market-news/fmp-warner-bros-discovery-misses-q4-eps-and-revenues | Davit Kirakosyan | Financial Modeling Prep |
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What to Expect From Target’s Upcoming Q4 Earnings Report? | 2023-02-26 18:04:00 | <p>RBC Capital analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/TGT'>Target Corporation (NYSE:TGT)</a> ahead of the upcoming Q4 earnings, scheduled to be announced on Tuesday.</p>
<p>The analysts expect comp sales to be down 2% and adjusted EPS of $1.41 (both approximately in-line with the Street estimates). </p>
<p>Given lingering inventory headwinds and an uncertain macro backdrop, the analysts think a conservative guide is best for shares over the next 12 months as it somewhat de-risks the margin recovery story (modeling $8.61 vs. Street estimate of $9.23 for fiscal 2023). </p>
<p>The analysts point out that the shares have outperformed the market by approximately 5% since reporting Q3, despite mixed macro signals. The analysts believe the risk to reward skews negatively into the print but they would be buyers in the event of a conservative guide/sell-off.</p>
| NYSE:TGT | https://financialmodelingprep.com/market-news/fmp-what-to-expect-from-target’s-upcoming-q4-earnings-report? | Davit Kirakosyan | Financial Modeling Prep |
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Navitas Semiconductor Reports Q4 Results, Shares Up 6% | 2023-02-26 18:02:00 | <p><a href='https://financialmodelingprep.com/financial-summary/NVTS'>Navitas Semiconductor Corporation (NASDAQ:NVTS)</a> shares surged more than 6% on Friday after the company reported its Q4 results, with EPS of ($0.04) coming in better than the Street estimate of ($0.07). Revenue was $12.35 million, compared to the Street estimate of $13.06 million.</p>
<p>The company issued a slightly lower Q1 guide on the back of continued weakness in China handsets. The company continues to expect its handset-related business to bottom in Q1/23 (a combination of seasonality and macro headwinds), with a mobile rebound expected to begin in Q2/23 and incrementally grow throughout the year. However, more importantly, the company revealed its end market splits and demonstrated how far the business has come in diversifying its growth vectors away from solely mobile/consumer (with a focus on appliance/industrial, solar/storage, and EV).</p>
| NASDAQ:NVTS | https://financialmodelingprep.com/market-news/fmp-navitas-semiconductor-reports-q4-results-shares-up-6 | Davit Kirakosyan | Financial Modeling Prep |
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eBay Shares Down 5% Despite Better Than Expected Q4 Results | 2023-02-26 09:18:00 | <p><a href='https://financialmodelingprep.com/financial-summary/EBAY'>eBay (NASDAQ:EBAY)</a> shares dropped more than 5% on Thursday despite the company posting strong Q4 results.</p>
<p>Q4 EPS came in at $1.07, better than the Street estimate of $1.06. Revenue was $2.5 billion, beating the Street estimate of $2.46 billion, driven by strong holiday season demand, FX headwinds at the low end, continued strong momentum in focus categories (P&A specifically), and impressive growth in the company’s advertising business. </p>
<p>For Q1/23, the company expects EPS to be in the range of $1.05-$1.09, compared to the Street estimate of $1.06. Revenue is expected in the range of $2.46-2.5 billion, beating the Street estimate of $2.37 billion.</p>
<p>The company is continuing to invest in the business, with the rollout of international shipping initiatives, M&A, and other product enhancements and marketing efforts, weighing considerably on margins in 2023. </p>
<p>eBay also increased its quarterly dividend by 13.6% to $0.25 per share.</p>
| NASDAQ:EBAY | https://financialmodelingprep.com/market-news/fmp-ebay-shares-down-5-despite-better-than-expected-q4-results | Davit Kirakosyan | Financial Modeling Prep |
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NetApp Reports Mix Q3 Results & Soft Full-Year Guidance | 2023-02-26 09:15:00 | <p><a href='https://financialmodelingprep.com/financial-summary/NTAP'>NetApp (NASDAQ:NTAP)</a> reported its Q3 results and lighter-than-expected Q4 outlook on Wednesday. </p>
<p>Q3 EPS came in at $1.37, better than the Street estimate of $1.31, while revenue was $1.53 billion, missing the Street estimate of $1.61 billion. The company expects Q4/23 EPS to be in the range of $1.30-$1.40, compared to the Street estimate of $1.43. For the full year, they expect EPS in the range of $5.30-$5.50, compared to the Street estimate of $5.41.</p>
<p>Looking beyond Q4, analysts at Deutsche Bank expect demand weakness to persist, but are encouraged that there could be multiple gross margin tailwinds (FX, component premiums, NAND costs and product mix) in 2024, and believe OPEX will be in check given the recent headcount reduction. </p>
<p>Post results, the analysts lowered their 2023 EPS estimate from $5.60 to $5.40, but maintained 2024 EPS at $6.00. However, they lowered the price target from $74 to $70 as they await the company's key growth driver (i.e. public cloud service) to resume growth.</p>
| NASDAQ:NTAP | https://financialmodelingprep.com/market-news/fmp-netapp-reports-mix-q3-results-&-soft-full-year-guidance- | Davit Kirakosyan | Financial Modeling Prep |
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Wix.com Shares Surge 12% on Q4 Beat/Raise | 2023-02-26 09:13:00 | <p><a href='https://financialmodelingprep.com/financial-summary/WIX'>Wix.com (NASDAQ:WIX)</a> shares jumped more than 12% on Wednesday after the company reported its Q4 results, with EPS of $0.61 beating the Street estimate of $0.07. Revenue came in at $355 million, better than the Street estimate of $351.91 million.</p>
<p>For fiscal 2023, the company expects revenue to be in the range of $1.51-1.54 billion, compared to the Street estimate of $1.51 billion.</p>
According to the RBC Capital analysts, the beat/raise reinforced their view that the Free Cash Flow story is underappreciated. Subscription adds are likely to reaccelerate, the favorable customer mix shift is having a growing/bigger/more durably positive effect on ex-price increases and the probability of the company hitting its 2025 target continues to rise. </p>
<p>According to the analysts, subscription growth, NRR erosion & H2 bookings estimates appear to be primary concerns/risks from here, but they continue to like this sticky model and compelling Fee Cash Flow narrative.</p>
| NASDAQ:WIX | https://financialmodelingprep.com/market-news/fmp-wixcom-shares-surge-12-on-q4-beatraise | Davit Kirakosyan | Financial Modeling Prep |
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Key Points From Maxar Technologies’ Q4 Earnings Report | 2023-02-25 16:46:00 | <p><a href='https://financialmodelingprep.com/financial-summary/MAXR'>Maxar Technologies Inc. (NYSE:MAXR)</a> reported its Q4 earnings results, with revenue of $326 million, representing a 30% year-over-year decline. Adjusted EBITDA was $27 million, with an 8.3% margin.</p>
<p>Total 2022 revenues were $1.6 billion, down $165 million from 2021, of which $92 million was due to the Jupiter 3 contract adjustments. Total 2022 EBITDA margins in the Earth Intelligence segment were 41.3%, and just (5.1%) in the Space Infrastructure segment. The company exited 2022 with a total backlog of $3.2 billion (with an additional $2.1 billion in unfunded contract options).</p>
<p>With the "go shop" period now ended, analysts at RBC Capital believe the company is on track to be acquired by Advent International by mid-year 2023. The analysts currently do not anticipate regulatory pushback of the acquisition by Advent, and reiterated their Sector Perform rating and $53 price target price on the acquisition assumption.</p>
| NYSE:MAXR | https://financialmodelingprep.com/market-news/fmp-key-points-from-maxar-technologies’-q4-earnings-report | Davit Kirakosyan | Financial Modeling Prep |
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Here’s Why Fiverr Shares Jump 18% | 2023-02-25 16:27:00 | <p><a href='https://financialmodelingprep.com/financial-summary/FVRR'>Fiverr International (NYSE:FVRR)</a> shares jumped more than 18% on Wednesday after the company reported its Q4 earnings results, with EPS coming in at $0.29, beating the Street estimate of $0.18. Revenue was $83.1 million, slightly below the Street estimate of $83.44 million.</p>
<p>The print was somewhat mixed but a strong 2023 EBITDA guide-up appeared well-received by investors. 2023 estimates look somewhat de-risked, marketing expense discipline continues to improve and turns out maybe ChatGPT isn't a headwind after all.</p>
<p>For Q1/23, the company expects revenue in the range of $86.5-88.5 million, compared to the Street estimate of $87.39 million. For the full year, the company expects revenue in the range of $350-365 million, compared to the Street estimate of $365.92 million.</p>
| NYSE:FVRR | https://financialmodelingprep.com/market-news/fmp-here’s-why-fiverr-shares-jump-18 | Davit Kirakosyan | Financial Modeling Prep |
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Aurinia Pharmaceuticals’ Upcoming Q4 Earnings Preview | 2023-02-25 16:25:00 | <p>RBC Capital analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/AUPH'>Aurinia Pharmaceuticals Inc. (NASDAQ:AUPH)</a> ahead of the upcoming Q4 earnings, expected to be released on Tuesday.</p>
<p>The company announced preliminary Q4/22 revenues of $28.4 million that were ahead of Street estimates. Management expects LUPKYNIS net revenue in the range of $120-140 million in 2023 (vs. Street’s estimate of $136.5 million). </p>
<p>The analysts expect the focus to remain on LUPKYNIS growth and ring-fencing opportunities around the dosing patent. The management team holds the belief that the new patent application '140 has the capability to offer extra patent coverage for LUPKYNIS until 2037.</p>
<p>The analyst reiterated their Outperform - Speculative Risk rating on the stock with a price target of $11.</p>
| NASDAQ:AUPH | https://financialmodelingprep.com/market-news/fmp-aurinia-pharmaceuticals’-upcoming-q4-earnings-preview- | Davit Kirakosyan | Financial Modeling Prep |
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Walmart Reports a Q4 EPS & Revenue Beat | 2023-02-23 16:51:00 | <p><a href='https://financialmodelingprep.com/financial-summary/WMT'>Walmart (NYSE:WMT)</a> reported its Q4 results on Tuesday, with EPS coming in at $1.71, beating the Street estimate of $1.52. Revenue was $164 billion, better than the Street estimate of $159.77 billion. U.S. comp sales were up 8.3%.</p>
<p>The company expects Q1/24 EPS in the range of $1.25-$1.30, better than the Street estimate of $1.36. Consolidated net sales growth is expected in the range of 4.5%-5.0% in constant currency.</p>
<p>For the full year, the company expects EPS to be in the range of $5.90-$6.05, compared to the Street estimate of $6.50. Consolidated net sales growth is seen at 2.5%-3.0%.</p>
<p>Following the results, analysts at RBC Capital lowered their price target on the stock to $160 from $163, and cut their 2024/2025 U.S. comp estimates to 2.4%/3.0% and EPS to $6.06/$6.67. </p>
| NYSE:WMT | https://financialmodelingprep.com/market-news/fmp-walmart-reports-a-q4-eps-&-revenue-beat | Davit Kirakosyan | Financial Modeling Prep |
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Q2 Holdings Reports a Q4 Miss & Weak Guidance | 2023-02-23 16:46:00 | <p><a href='https://financialmodelingprep.com/financial-summary/QTWO'>Q2 Holdings (NYSE:QTWO)</a> reported its Q4 earnings results on Tuesday, with EPS of $0.03 coming in worse than the Street estimate of $0.12. Revenue came in at $146.5 million, missing the Street estimate of $149.38 million.</p>
<p>For Q1/23, the company expects revenue to be in the range of $149-152 million, below the Street estimate of $152.41 million. For the full year, the company expects revenue in the range of $632-640 million, compared to the Street estimate of $646.49 million.</p>
<p>On the conference call, management noted that it expects subscription revenue to grow at twice the rate of transaction and services revenues, while the contract termination will help margins. Last quarter, while not providing official guidance for fiscal 2023, management noted its expectations for 2023 revenue growth to be approximately 14% year-over-year.</p>
| NYSE:QTWO | https://financialmodelingprep.com/market-news/fmp-q2-holdings-reports-a-q4-miss-&-weak-guidance- | Davit Kirakosyan | Financial Modeling Prep |
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Medtronic Reports Q3 Beat & Raises Guidance | 2023-02-23 16:43:00 | <p><a href='https://financialmodelingprep.com/financial-summary/MDT'>Medtronic (NYSE:MDT)</a> reported its Q3 results, with both EPS of $1.30 and revenue of $7.7 billion coming in better than the Street estimates of $1.27 and $7.54 billion, respectively. </p>
<p>Better-than-expected revenue was driven by beats across all of its business segments, with headwinds abating in ventilator sales and product availability.</p>
<p>The company raised its 2023 guidance, now expecting FX rates to negatively impact Q4 revenue by $165-215 million and guided to 2023 EPS of $5.28-$5.30 (prior guidance of $5.25-5.30), which includes an $0.21 FX headwind as of current rates. </p>
<p>The company continues to expect expense reductions to help offset headwinds e.g. inflation, interest, FX, and taxes. Additionally, the company noted it expects organic growth of 4.5-5.0% in Q4.</p>
| NYSE:MDT | https://financialmodelingprep.com/market-news/fmp-medtronic-reports-q3-beat-&-raises-guidance- | Davit Kirakosyan | Financial Modeling Prep |
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Dana Shares Plummet 17% Following Q4 Report | 2023-02-22 22:46:00 | <p><a href='https://financialmodelingprep.com/financial-summary/DANA'>Dana Incorporated (NYSE:DAN)</a> shares plunged more than 17% on Tuesday after the company reported its Q4 results, with EPS of ($0.10) coming in worse than the Street estimate of $0.24. Revenue was $2.56 billion, above the Street estimate of $2.51 billion.</p>
<p>The company expects fiscal 2023 EPS to be in the range of $0.25-$0.75, compared to the Street estimate of $0.73. Full-year revenue is expected in the range of $10.35-10.85 billion, versus the Street estimate of $10.11 billion.</p>
<p>According to the analysts at Deutsche Bank, the strong negative reaction to the company’s earnings announcement reflects not only the weaker margin outlook for 2023 but also investors’ realization that net inflationary costs and heightened EV spending could drag on profitability and free cash flow at least until mid-decade. </p>
<p>The company’s newly initiated 2023 guidance and mid-decade target call for an EBITDA margin range of 7.2%-7.8% and approximately 9%, respectively, which are significantly below the previous 12% mid-term margin target issued in 2019.</p>
| NYSE:DAN | https://financialmodelingprep.com/market-news/fmp-dana-shares-plummet-17-following-q4-report | Davit Kirakosyan | Financial Modeling Prep |
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Hostess Brands Shares Surge 8% on Q4 Beat | 2023-02-22 22:43:00 | <p><a href='https://financialmodelingprep.com/financial-summary/TWNK'>Hostess Brands (NASDAQ:TWNK)</a> shares gained nearly 8% on Wednesday after the company reported its Q4 results, with EPS coming in at $0.25, better than the Street estimate of $0.24. Revenue was $339.5 million, beating the Street estimate of $331.31 million.</p>
<p>For fiscal 2023, the company expects EPS to be in the range of $1.08-$1.13, compared to the Street estimate of $1.09. The company's outlook for flat gross margin (due to lingering high-single-digit inflation and Arkadelphia startup costs), while light of expectations, likely embeds a fair degree of conservatism, and implies greater leverage on operating costs to drive above-algorithm EBITDA growth for the year. </p>
<p>Over time, the company expects its productivity and RGM initiatives, alongside normalizing supply chain conditions/commodity inflation, to drive gross margin expansion. </p>
| NASDAQ:TWNK | https://financialmodelingprep.com/market-news/fmp-hostess-brands-shares-surge-8-on-q4-beat | Davit Kirakosyan | Financial Modeling Prep |
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Ambarella’s Upcoming Q4 Earnings Preview | 2023-02-22 22:40:00 | <p>Deutsche Bank analysts provided their views on <a href='https://financialmodelingprep.com/financial-summary/AMBA'>Ambarella, Inc. (NASDAQ:AMBA)</a> ahead of its upcoming Q4 earnings announcement.</p>
<p>After a roughly in-line Q3 was followed by a softer Q4/Q1 guide, the analysts expect an approximately in-line report for Q4 revenues as any incremental gains from easing kitting constraints are offset by weaker macro and industry-specific headwinds which should only pick up steam heading into Q1.</p>
<p>According to the analysts, the company admirably remains committed to its long-term plans, and they believe the company positioned it well for the future with a landmark design win at Continental AG in addition to a win with Kodiak Robotics, their recently re-sized Auto funnel/backlog (now at $2.3 billion) and continued rollout/development of industry-leading tech (CV5 production ramping and CV3 sampling). </p>
<p>Despite admiring management's commitment to the long-term plans, the analysts believe the near-term weakness and lack of clarity surrounding revenue timing lead them to believe that much of the company's growth potential is reflected in the stock.</p>
| NASDAQ:AMBA | https://financialmodelingprep.com/market-news/fmp-ambarella’s-upcoming-q4-earnings-preview- | Davit Kirakosyan | Financial Modeling Prep |
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Nutrien Reports Mixed Q4 Results, 2023 Guidance Disappoints | 2023-02-22 06:12:00 | <p><a href='https://financialmodelingprep.com/financial-summary/NTR'>Nutrien (NYSE:NTR)</a> reported its Q4 results last week, with EPS of $2.02 coming in worse than the Street estimate of $2.57, while revenue of $7.53 billion beat the consensus estimate of $7.49 billion.</p>
<p>For fiscal 2023, the company expects EPS in the range of $8.45-$10.65, missing the consensus estimate of $11.49.</p>
<p>RBC Capital analysts think that the agricultural fundamentals are still robust, and that the company's 2023 guide will aid in setting realistic expectations for a potential rebound in fertilizer demand. </p>
<p>The analysts anticipate that the company will continue to generate substantial operating cash flows, though this will be somewhat offset by the increasing capital expenditures required for maintaining and expanding operations. Nonetheless, the company should be able to generate solid free cash flows, which will be used to continue repurchasing shares and paying dividends.</p>
| NYSE:NTR | https://financialmodelingprep.com/market-news/fmp-nutrien-reports-mixed-q4-results-2023-guidance-disappoints- | Davit Kirakosyan | Financial Modeling Prep |
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What to Expect From Wayfair’s Upcoming Q4 Results? | 2023-02-22 06:09:00 | <p>RBC Capital analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/W'>Wayfair Inc. (NYSE:W)</a> ahead of the company’s Q4 earnings release tomorrow. The analysts expect Q4 net sales of $3.0 billion (in-line with consensus) and EBITDA of -$98 million (vs. consensus of -$72 million). </p>
<p>Between company updates suggesting sequential top-line improvement throughout the quarter and cost savings progress, the analysts think the consensus bar is achievable. And while Q4 results could move the stock, the analysts expect quarter-to-date gross revenue trends and additional cost savings color to be the primary drivers of future share performance. </p>
<p>With shares outperforming the market by around 50% year-to-date and an uncertain rate outlook, the analysts don't like the setup into the print and maintained their Sector Perform rating and $39 price target.</p>
| NYSE:W | https://financialmodelingprep.com/market-news/fmp-what-to-expect-from-wayfair’s-upcoming-q4-results? | Davit Kirakosyan | Financial Modeling Prep |
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DraftKings Shares Surge 15% on Q4 Beat & Raised Outlook | 2023-02-21 18:53:00 | <p><a href='https://financialmodelingprep.com/financial-summary/DKNG'>DraftKings (NASDAQ:DKNG)</a> shares soared more than 15% on Friday after the company posted Q4 EPS of ($0.53), better than the Street estimate of ($0.61). Revenue came in at $855 million (up 81% year-over-year), beating the Street estimate of $798.23 million.</p>
<p>The company raised its fiscal year 2023 revenue guidance to a range of $2.85-$3.05 billion (27-36% year-over-year growth) from $2.8-$3.0 billion (announced on November 4, 2022). The Street estimate stands at $2.95 billion.</p>
<p>The company expects a 5x increase in contribution profit (over $500 million), demonstrating that its brand advantage and vertically integrated tech stack are creating structurally higher gross margins from product improvements in trading, parlays, and promotional intensity.</p>
| NASDAQ:DKNG | https://financialmodelingprep.com/market-news/fmp-draftkings-shares-surge-15-on-q4-beat-&-raised-outlook | Davit Kirakosyan | Financial Modeling Prep |
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What to Expect From NIKE’s Upcoming Q3 Earnings Release? | 2023-02-21 18:51:00 | <p>RBC Capital analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/NKE'>NIKE, Inc. (NYSE:NKE)</a> ahead of the upcoming Q3 earnings announcement, scheduled on March 21.</p>
<p>According to the analysts, sentiment on Nike has turned considerably less negative in recent months, supported by China reopening, progress on excess inventory clearance, and the macro environment holding up better than feared. </p>
<p>The analysts remain positive, flagging strong brand heat, and healthy revenue momentum in the near term, and also see the potential for stronger and faster than market-expected margin recovery in 2024/2025.</p>
<p>The analysts estimate $11.54 billion in revenues, 43.8% gross margin (down 280bps year-over-year), and diluted EPS of $0.54. The analysts see potential upside risk to North America (up 16%) and EMEA (up 11%) revenue growth supported by markdown activity, and potential downside risk to Greater China (up 4%) due to COVID disruption which the market will likely 'look-through'.</p>
<p>The analysts raised their price target on the stock to $145 from $130, while maintaining their Outperform rating.</p>
| NYSE:NKE | https://financialmodelingprep.com/market-news/fmp-what-to-expect-from-nike’s-upcoming-q3-earnings-release? | Davit Kirakosyan | Financial Modeling Prep |
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Corebridge Financial Reports Strong Q4 Beat | 2023-02-21 18:47:00 | <p><a href='https://financialmodelingprep.com/financial-summary/CRBG'>Corebridge Financial, Inc. (NYSE:CRBG)</a> reported its Q4 results on Friday, with EPS of $0.88 coming in better than the Street estimate of $0.69. Revenue was $8.69 billion, beating the Street estimate of $5.26 billion.</p>
<p>Rising new money yields are benefitting the company’s spread-based businesses and it is expected that positive impacts to become increasingly evident in 2023. The cost savings program is coming together and we should see benefits beginning in 2023. </p>
<p>The company could initiate its share buyback program beginning in Q2/23 (a dividend was already instated last year). </p>
| NYSE:CRBG | https://financialmodelingprep.com/market-news/fmp-corebridge-financial-reports-strong-q4-beat | Davit Kirakosyan | Financial Modeling Prep |
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Splunk’s Upcoming Q4 Earnings Preview | 2023-02-21 18:46:00 | <p>RBC Capital provided its views on <a href='https://financialmodelingprep.com/financial-summary/SPLK'>Splunk Inc. (NASDAQ:SPLK)</a> ahead of the company’s upcoming Q4 results, expected to be announced on Friday.</p>
<p>The analysts expect essentially in-line results as the focus should be on fiscal 2024 cash flow, versus street expectations of operating cash flow (OCF) growth of 18%.</p>
<p>For Q4, the analysts expect results and the outlook to reflect continued near-term license strength with some headwinds to cloud ARR as they are generally below consensus. (1) ARR vs. consensus at $3.65 billion, up 17% year-over-year, (2) Cloud ARR vs. consensus at $1.782 billion, up 33% year-over-year, (3) revenue vs. guidance at $1.055-1.085 billion and consensus at $1.075 billion, up 19% year-over-year.</p>
<p>The analysts raised their price target on the stock to $120 from $110 while reiterating their Outperform rating. </p>
| NASDAQ:SPLK | https://financialmodelingprep.com/market-news/fmp-splunk’s-upcoming-q4-earnings-preview | Davit Kirakosyan | Financial Modeling Prep |
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Shockwave Medical Shares Up 4% on Q4 Beat | 2023-02-20 07:23:00 | <p><a href='https://financialmodelingprep.com/financial-summary/SWAV'>Shockwave Medical (NASDAQ:SWAV)</a> shares gained more than 4% on Friday after the company reported its Q4 results, with EPS coming in at $3.71, significantly better than the Street estimate of $1.00. </p>
<p>Revenue was $144 million, compared to the Street estimate of $142.66 million.</p>
<p>The company reiterated its full 2023-year outlook, expecting revenue to be in the range of $660-$680 million, assuming that global staffing issues continue to improve through the year. The Street estimate stands at $658.58 million. The company expects full-year OpEx to be the same percentage of revenue as in 2022 (approximately 61%).</p>
| NASDAQ:SWAV | https://financialmodelingprep.com/market-news/fmp-shockwave-medical-shares-up-4-on-q4-beat | Davit Kirakosyan | Financial Modeling Prep |
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R1 RCM Reports Q4 EPS Miss While Revenues Better Than Expected | 2023-02-20 07:20:00 | <p><a href='https://financialmodelingprep.com/financial-summary/RCM'>R1 RCM (NASDAQ:RCM)</a> reported its Q4 results on Thursday, with EPS of ($0.09) coming in worse than the Street estimate of ($0.02), while revenue of $532.8 million beat the Street estimate of $519.18 million.</p>
<p>The company generated $344.4 million of net operating revenue in Q4, up 4% year-over-year, driven by contributions from new end-to-end customers. Incentive fees of $25.9 million dropped 28% year-over-year due to the continued impact of reimbursement elongation, although the delay has improved compared to last quarter as the company dedicated resources to drive better performance on KPI metrics and shorten the claims cycle.</p>
<p>Cloudmed continued to demonstrate solid momentum, contributing $126.5 million to the revenue in Q4.</p>
| NASDAQ:RCM | https://financialmodelingprep.com/market-news/fmp-r1-rcm-reports-q4-eps-miss-while-revenues-better-than-expected | Davit Kirakosyan | Financial Modeling Prep |
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Applied Materials Reports Q1 Beat, Provides Strong Guidance | 2023-02-19 10:14:00 | <p><a href='https://financialmodelingprep.com/financial-summary/AMAT'>Applied Materials (NASDAQ:AMAT)</a> reported its Q1 results on Thursday, with EPS coming in at $2.03, better than the Street estimate of $1.93. Revenue was $6.74 billion, beating the Street estimate of $6.69 billion. The company’s backlog grew again and should help support its revenue, at least through the end of fiscal 2023.</p>
<p>From a segment perspective, the company was particularly bullish on the strength of ICAPS (lagging edge foundry/logic), which more than offset incremental weakness in memory and leading-edge foundry/logic. But even for memory, management suggested that DRAM spending could start to recover by the end of the year.</p>
<p>For Q2/23, the company expects EPS to be in the range of $1.66-$2.02, compared to the Street estimate of $1.75. Revenue is expected in the range of $6-6.8 billion, compared to the Street estimate of $5.86 billion.</p>
| NASDAQ:AMAT | https://financialmodelingprep.com/market-news/fmp-applied-materials-reports-q1-beat-provides-strong-guidance- | Davit Kirakosyan | Financial Modeling Prep |
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Paramount Global Shares Down 4% on Q4 Miss | 2023-02-19 10:11:00 | <p><a href='https://financialmodelingprep.com/financial-summary/PARA'>Paramount Global (NASDAQ:PARA)</a> shares dropped more than 4% on Thursday after the company reported its Q4 results, which came in worse than expected. EPS was $0.08, compared to the Street estimate of $0.24, while revenue of $8.13 billion missed the Street estimate of $8.18 billion. The miss was due to more Pay-TV users canceling their subscriptions and prolonged underperformance in the advertising sector.</p>
<p>The company reiterated that 2023 will be a peak EBITDA loss year for streaming and guided to negative free cash flow (FCF) in 2023, followed by a return to positive FCF in 2024.</p>
| NASDAQ:PARA | https://financialmodelingprep.com/market-news/fmp-paramount-global-shares-down-4-on-q4-miss | Davit Kirakosyan | Financial Modeling Prep |
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Visteon Shares Up 4% on Q4 Revenue Beat & Better Outlook | 2023-02-19 10:08:00 | <p><a href='https://financialmodelingprep.com/financial-summary/VC'>Visteon (NASDAQ:VC)</a> shares gained more than 4% on Thursday after the company reported its Q4 earnings results. Revenue came in at $1.06 billion, better than the Street estimate of $958.1 million, while EPS of $1.32 missed the Street estimate of $1.49. </p>
<p>Q4 EBITDA of $103 million was also much higher than the Street estimate of $92 million, implying a slightly better margin of 9.7%, up about 40bps quarter-over-quarter, driven by continued cost discipline.</p>
<p>The company initiated 2023 guidance for revenue entirely above Street and EBITDA range bracketing expectations, reflecting elevated inflation cost recoveries expected in the year.</p>
<p>Full-year revenue is expected in the range of $3.95-4.15 billion, compared to the Street estimate of $3.93 billion. Adjusted EBITDA is seen at $405-$445 million, and Adjusted Free Cash Flow is in the range of $115-$165 million.</p>
| NASDAQ:VC | https://financialmodelingprep.com/market-news/fmp-visteon-shares-up-4-on-q4-revenue-beat-&-better-outlook- | Davit Kirakosyan | Financial Modeling Prep |
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Palo Alto Networks’ Upcoming Q2 Earnings Preview | 2023-02-19 10:05:00 | <p>RBC Capital provided its outlook on <a href='https://financialmodelingprep.com/financial-summary/PANW'>Palo Alto Networks, Inc. (NASDAQ:PANW)</a>, ahead of the upcoming Q2 earnings announcement, scheduled on Tuesday. </p>
<p>Despite a more challenging selling environment, the analysts expect a slight upside to Q2 results and in-line guidance, driven by several product cycles and security consolidation.</p>
<p>While macros have recently been a more noticeable headwind for security spend, including peer management teams noting extended review cycles and lower budget flush, the analysts believe Palo Alto has done a good job navigating macro pressures through increased engagement with customers early in the quarter and front-load hiring.</p>
<p>The analysts reiterated their Outperform rating and $200 price target on the stock, noting that Palo Alto remains one of their top ideas. </p>
| NASDAQ:PANW | https://financialmodelingprep.com/market-news/fmp-palo-alto-networks’-upcoming-q2-earnings-preview- | Davit Kirakosyan | Financial Modeling Prep |
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Shopify Shares Drop 15% on Disappointing Guidance | 2023-02-17 08:53:00 | <p><a href='https://financialmodelingprep.com/financial-summary/SHOP'>Shopify (NYSE:SHOP)</a> shares plummeted more than 15% yesterday after the company reported its Q4 results, which came in better than expected, but the outlook disappointed investors. Quarterly EPS came in at $0.07, compared to the Street estimate of ($0.01). Revenue was $1.73 billion, beating the Street estimate of $1.65 billion.</p>
<p>For Q1/23, the company expects revenue to grow in the high-teen percentages year-over-year, worse than the Street estimate of a 23% growth.</p>
<p>With investors and analysts looking for a more meaningful inflection in 2023 operating income, management commentary likely fell short of expectations and there were limited takeaways for the bulls on this point away from the strong Q4 performance.</p>
| NYSE:SHOP | https://financialmodelingprep.com/market-news/fmp-shopify-shares-drop-15-on-disappointing-guidance- | Davit Kirakosyan | Financial Modeling Prep |
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SiteOne Landscape Supply Reports Worse Than Expected Q4 Results | 2023-02-17 08:39:00 | <p><a href='https://financialmodelingprep.com/financial-summary/SITE'>SiteOne Landscape Supply (NYSE:SITE)</a> reported its Q4 results on Wednesday, with EPS of ($0.02) coming in significantly worse than the Street estimate of $0.16. Revenue was $890 million, slightly lower than the Street estimate of $892.65 million.</p>
<p>The company issued initial guidance for its fiscal 2023, with organic daily sales expected to be flat to down mid-single-digits, with a return to a more normal seasonal sales pattern, and adjusted EBITDA margins normalizing to approximately 10% as implied by the company's adjusted EBITDA guidance range of $395-425 million. </p>
<p>Deutsche Bank analysts view the guidance as achievable, particularly with respect to assumptions around the new residential end market, and model toward the middle of the company's organic sales range. The analysts raised their price target on the stock to $163 from $126, while reiterating their Hold rating.</p>
| NYSE:SITE | https://financialmodelingprep.com/market-news/fmp-siteone-landscape-supply-reports-worse-than-expected-q4-results | Davit Kirakosyan | Financial Modeling Prep |
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Cisco Systems Shares Up 5% on Better Than Expected Q2 & Guidance | 2023-02-17 08:21:00 | <p><a href='https://financialmodelingprep.com/financial-summary/CSCO'>Cisco Systems (NASDAQ:CSCO)</a> shares gained more than 5% yesterday after the company reported better-than-expected Q2 results and guidance.</p>
<p>Q2 EPS was $0.88, compared to the Street estimate of $0.85. Revenue came in at $13.6 billion, beating the Street estimate of $13.41 billion. The company expects Q3/23 EPS to be in the range of $0.96-$0.98, above the Street estimate of $0.89. Year-over-year revenue growth is seen at 11-13%.</p>
<p>For the full year, the company anticipates EPS in the range of $3.73-$3.78, beating the Street estimate of $3.55. Year-over-year revenue growth is seen at 9%-10.5%.</p>
| NASDAQ:CSCO | https://financialmodelingprep.com/market-news/fmp-cisco-systems-shares-up-5-on-better-than-expected-q2-&-guidance- | Davit Kirakosyan | Financial Modeling Prep |
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Analog Devices Shares Surge 7% on Q1 Beat & Strong Guidance | 2023-02-16 18:03:00 | <p><a href='https://financialmodelingprep.com/financial-summary/ADI'>Analog Devices (NASDAQ:ADI)</a> shares gained more than 7% on Wednesday after the company reported its Q1 results, with EPS of $2.75 coming in better than the Street estimate of $2.61. Revenue of $3.25 billion beat the Street estimate of $3.15 billion. </p>
<p>While lead times have shortened for much of the portfolio and longer-term cancellations have risen, the company cited still-strong demand in its core end markets of Industrial and Automotive and resumed its more bullish tone that it adopted on its November earnings call.</p>
<p>For Q2, the company expects EPS in the range of $2.65-$2.85, compared to the Street estimate of $2.42. Q2 revenue is seen at $3.1-3.3 billion, beating the Street estimate of $3.03 billion, once again bucking the trend of its competitors which almost universally guided below Street expectations this earnings season.</p>
| NASDAQ:ADI | https://financialmodelingprep.com/market-news/fmp-analog-devices-shares-surge-7-on-q1-beat-&-strong-guidance- | Davit Kirakosyan | Financial Modeling Prep |
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Electronic Arts Downgraded to Hold at Deutsche Bank | 2023-02-16 17:58:00 | <p>Deutsche Bank analysts downgraded <a href='https://financialmodelingprep.com/financial-summary/EA'>Electronic Arts Inc. (NASDAQ:EA)</a> to Hold from Buy and lowered their price target on the stock to $125 from $157 amid slower growth and strategic reset.</p>
<p>The downgrade is due to a negative impact on EA's fundamental outlook caused by various factors. These factors include greater macro-related challenges, a reset of EA's mobile strategy, and less new content than previously anticipated for next year. </p>
<p>As a result, the analysts are forecasting lower levels of growth for 2023-2025 compared to previous expectations. EA's initial guidance for 2024 also calls for mid-single-digit topline growth, which is lower than the prior forecast and Street estimate at that time. This implies that EA's net bookings will be around $7.5 billion, which compares to the Street estimate of $8.2 billion. </p>
| NASDAQ:EA | https://financialmodelingprep.com/market-news/fmp-electronic-arts-downgraded-to-hold-at-deutsche-bank- | Davit Kirakosyan | Financial Modeling Prep |
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What to Expect From Walmart’s Upcoming Q4 Earnings? | 2023-02-16 17:55:00 | <p>RBC Capital analysts shared their views on <a href='https://financialmodelingprep.com/financial-summary/WMT'>Walmart Inc. (NYSE:WMT)</a> ahead of the company’s upcoming Q4 earnings announcement, scheduled on Feb 21 before the market opens.</p>
<p>The analysts expect Q4 U.S. comp growth of 3.5% (vs. Street’s 4.0%) and EPS of $1.49 (in line with expectations). The analysts expect a relatively in-line 2024 guide. The company's long-term algorithm calls for 4% top-line growth and modest operating leverage. The analysts don't expect the 2024 guide will stray too far from this. More specifically, they think it's reasonable to expect 3% Walmart U.S. comp growth (vs. Street’s 3.0% estimate) and EPS growth in mid-single to high-single-digits (vs. Street’s 8% estimate).</p>
<p>The analysts raised their 2024/2025 EPS estimates to $6.48/$7.45 ($6.47/$7.42 prior) mainly driven by a slightly more favorable FX outlook and updated fuel contribution estimates.</p>
| NYSE:WMT | https://financialmodelingprep.com/market-news/fmp-what-to-expect-from-walmart’s-upcoming-q4-earnings?- | Davit Kirakosyan | Financial Modeling Prep |
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Blue Owl Capital Shares Up 7% Since Q4 Earnings Announcement | 2023-02-16 05:51:00 | <p><a href='https://financialmodelingprep.com/financial-summary/OWL'>Blue Owl Capital (NYSE:OWL)</a> shares rose more than 7% since the company’s reported Q4 results on Monday. EPS came in at $0.15, in line with the Street expectations. Revenue was $395.51 million, beating the Street estimate of $381.77 million.</p>
<p>Management reaffirmed key guidance points around fundraising, fee-related revenues, and distributable earnings, despite the current market dynamics. </p>
<p>While the backdrop for retail fundraising remains pressured, the company does not appear to be facing the same headwinds as some peers in terms of redemption requests and is still generating net inflows in that channel.</p>
| NYSE:OWL | https://financialmodelingprep.com/market-news/fmp-blue-owl-capital-shares-up-7-since-q4-earnings-announcement- | Davit Kirakosyan | Financial Modeling Prep |
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Aptiv PLC’s Investor Day Takeaways | 2023-02-16 05:49:00 | <p>RBC Capital analysts provided their key takeaways from <a href='https://financialmodelingprep.com/financial-summary/APTV'>Aptiv PLC (NYSE:APTV)</a> Investor Day, highlighting that the company’s fully integrated solution set is a point of differentiation and offers a cost savings value proposition. </p>
<p>According to the analysts, the strategy provides exposure to a TAM (Total Addressable Market) that the company expects to grow by 20% to $150 billion in 2025 in core markets with an additional $200 billion long-term TAM upside opportunity in adjacent markets and L4/L5 autonomy.</p>
<p>According to the analysts, the 2025 margin outlook was better than the consensus expectations and importantly appears more derisked. The analysts believe the company’s integrated portfolio of solutions, which enables them to offer a more comprehensive set of solutions than peers and at a lower cost, is supportive of a continuation of the 8-10% gross operating margin target.</p>
<p>For 2025, the company targets revenues of $23-$24 billion, compared to the Street estimate heading into the investor day at $24.6 billion. While the revenue guide is below consensus, operating income is expected to grow to $3.2-$3.5 billion with margins of 14%-14.5%, and above the Street estimates of $3.1 billion and margins of 12.5%.</p>
| NYSE:APTV | https://financialmodelingprep.com/market-news/fmp-aptiv-plc’s-investor-day-takeaways | Davit Kirakosyan | Financial Modeling Prep |
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Victory Capital Shares Up 9% Since Last Weeks’ Q4 Report | 2023-02-16 05:45:00 | <p><a href='https://financialmodelingprep.com/financial-summary/VCTR'>Victory Capital (NASDAQ:VCTR)</a> shares rose more than 9% since the company’s reported Q4 results last week, with EPS coming in at $1.05, better than the Street estimate of $1.04. Revenue was $201.52 million, compared to the Street estimate of $200.16 million.</p>
<p>Positively, management is maintaining their long-term EBITDA margin guidance of 49%, while continuing to re-invest in the business (including technology, distribution, marketing and expanding product set).</p>
<p>Looking out this year, management believes some of the key organic growth opportunities for the company include: WestEnd, the VictoryShares ETF complex, fixed income, and Sycamore, RS Global, Sophus, and Trivalent franchises. VCTR’s first alternatives platform, New Energy Capital, could be another potential area of growth.</p>
| NASDAQ:VCTR | https://financialmodelingprep.com/market-news/fmp-victory-capital-shares-up-9-since-last-weeks’-q4-report | Davit Kirakosyan | Financial Modeling Prep |
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Airbnb Shares Jump 13% as Q4 Results and Guidance Beat Expectations | 2023-02-15 18:04:00 | <p><a href='https://financialmodelingprep.com/financial-summary/ABNB'>Airbnb (NASDAQ:ABNB)</a> shares surged more than 13% today after the company reported its Q4 results, with EPS coming in at $0.48, better than the Street estimate of $0.25. Revenue was $1.9 billion, beating the Street estimate of $1.86 billion. The beat was driven by strength in the company’s nights and experiences bookings (up 20% year-over-year), supporting a 20% increase in gross booking value to $13.5 billion.</p>
<p>The company expressed its excitement at the robust demand they have been experiencing in Q1/23. They were especially pleased to note that European guests are making earlier bookings for summer travel this year, and the company is gaining market share in Latin America. Additionally, they are continuing to witness a recovery within the Asia Pacific region.</p>
<p>For Q1/23, the company expects revenue to be in the range of $1.75-1.82 billion, better than the Street estimate of $1.68 billion.</p>
| NASDAQ:ABNB | https://financialmodelingprep.com/market-news/fmp-airbnb-shares-jump-13-as-q4-results-and-guidance-beat-expectations | Davit Kirakosyan | Financial Modeling Prep |
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WESCO Shares Up 12% Since Q4 Beat Announcement | 2023-02-15 18:02:00 | <p><a href='https://financialmodelingprep.com/financial-summary/WCC'>WESCO Int'l (NYSE:WCC)</a> shares rose more than 12% since the company’s reported Q4 results on Tuesday, with EPS of $4.13, coming in better than the Street estimate of $3.79. Revenue was $5.6 billion, beating the Street estimate of $5.37 billion.</p>
<p>Backlog remains strong, up 44% year-over-year, with real Q4 revenue upside, including supply chain easing and incremental backlog execution (notably at CSS).</p>
<p>The company expects 2023 EPS in the range of $16.80–18.30 (vs. Street’s $16.94 estimate) on sales growth of 6–9%. The company remains committed to a $1 billion share repurchase through 2026, with activity picking up in the second half of 2023.</p>
| NYSE:WCC | https://financialmodelingprep.com/market-news/fmp-wesco-shares-up-12-since-q4-beat-announcement- | Davit Kirakosyan | Financial Modeling Prep |
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Restaurant Brands Report EPS Miss, Revenues Beat Estimates | 2023-02-15 17:59:00 | <p><a href='https://financialmodelingprep.com/financial-summary/QSR'>Restaurant Brands (NYSE:QSR)</a> reported its Q4 results yesterday, with EPS of $0.72 coming in worse than the Street estimate of $0.74. Revenue was $1.69 billion, slightly better than the Street estimate of $1.67 billion.</p>
<p>The company also said that Joshua Kobza will become the new Chief Executive Officer (CEO) of the company starting on March 1, 2023. Mr. Kobza has been a part of the company for the past 11 years, and he has held the position of Chief Operating Officer for the last four years.</p>
<p>According to the analysts at Oppenheimer, the profit flow-through issues this quarter vs consensus appear idiosyncratic to Q4/22. Therefore, the analysts said they are buyers of the modest pullback in shares post-print, particularly into strengthening top-line momentum. </p>
| NYSE:QSR | https://financialmodelingprep.com/market-news/fmp-restaurant-brands-report-eps-miss-revenues-beat-estimates | Davit Kirakosyan | Financial Modeling Prep |
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Teradata Shares Up 18% Since Q4 Results Announcement | 2023-02-15 05:56:00 | <p><a href='https://financialmodelingprep.com/financial-summary/TDC'>Teradata Corp. (NYSE:TDC)</a> shares rose more than 18% since the company’s reported Q4 results on Monday, with EPS of $0.35 coming in better than the Street estimate of $0.30. Revenue was $452 million, beating the Street estimate of $436.36 million.</p>
<p>The strong results were highlighted by accelerating cloud momentum and solid profitability. Total ARR was $1.482 billion, down 1% year-over-year, with public cloud ARR (24% of total ARR) of $357 million, up 77% year-over-year. Results were driven by healthy migrations and expansions in addition to 20% new logo growth in 2022.</p>
<p>For Q1/23, the company expects EPS in the range of $0.60-$0.64, compared to the Street estimate of $0.57. For the full year, the company expects EPS of $1.90-$2.06, compared to the Street estimate of $1.84.</p>
| NYSE:TDC | https://financialmodelingprep.com/market-news/fmp-teradata-shares-up-18-since-q4-results-announcement- | Davit Kirakosyan | Financial Modeling Prep |
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What to Expect From Analog Devices Q1 Earnings Today? | 2023-02-15 05:54:00 | <p>Deutsche Bank analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/ADI'>Analog Devices, Inc. (NASDAQ:ADI)</a> ahead of the company’s upcoming Q1/23 earnings announcement today before the market opens.</p>
<p>The analysts see mixed trends heading into the report. On one hand, macro/business trends have clearly deteriorated over the last 90 days. On the other hand, the company's backlog remains extended even after extensive scrubbing, and Street estimates already contemplate a sub-seasonal decline in the April quarter. </p>
<p>Thus, while the analysts do expect a more cautious tone from the company in general to reflect elevated customer inventories and softer end demand, they still anticipate this quarter’s print/guide to be largely in-line with downward adjustments more likely to occur in out-quarters to yield slightly negative revisions to 2023/2024 estimates as the company’s elevated backlog normalizes.</p>
| NASDAQ:ADI | https://financialmodelingprep.com/market-news/fmp-what-to-expect-from-analog-devices-q1-earnings-today? | Davit Kirakosyan | Financial Modeling Prep |
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Arista Networks Shares Up 4% Following Q4 Beat | 2023-02-15 05:52:00 | <p><a href='https://financialmodelingprep.com/financial-summary/ANET'>Arista Networks (NYSE:ANET)</a> shares gained 4% yesterday after the company reported its Q4 results, with EPS of $1.41 coming in better than the Street estimate of $1.21. Revenue of $1.28 billion beat the Street estimate of $1.2 billion.</p>
<p>Arista Networks Inc. is seeing continued growth despite supply chain challenges and long lead times for components. The company is benefiting from increased Could Titan spend by top cloud customers, including Meta and Microsoft, as well as gaining more enterprise customers. This growth is particularly notable given the current market conditions.</p>
<p>For Q1/23, the company expects revenue to be in the range of $1.275-1.325 billion, compared to the Street estimate of $1.207 billion.</p>
| NYSE:ANET | https://financialmodelingprep.com/market-news/fmp-arista-networks-shares-up-4-following-q4-beat | Davit Kirakosyan | Financial Modeling Prep |
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Palantir Shares Surge 17% on Q4 Beat | 2023-02-14 14:56:00 | <p><a href='https://financialmodelingprep.com/financial-summary/PLTR'>Palantir (NYSE:PLTR)</a> shares jumped more than 17% intra-day today after the company reported its Q4 results, with EPS of $0.04 coming in better than the Street estimate of $0.03. Revenue was $509 million, beating the consensus estimate of $503.13 million.</p>
<p>Q1/23 revenue is expected to be in the range of $503-507 million, compared to the Street estimate of $522.2 million, and adjusted income from operations of $91 - $95 million.</p>
<p>For the full 2023 year, the company expects revenue in the range of $2.18-2.23 billion, compared to the Street estimate of $2.28 billion. According to the analysts at Deutsche Bank, the 2023 outlook may prove optimistic and certainly not without risk calling for 16% growth at the midpoint given macro factors, outsized impact to SPAC investments, and any possible continuing resolution delays in US government spending.</p>
| NYSE:PLTR | https://financialmodelingprep.com/market-news/fmp-palantir-shares-surge-17-on-q4-beat | Davit Kirakosyan | Financial Modeling Prep |
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Check Point Software Technology Reports Q4 Beat, Provides Guidance | 2023-02-14 14:54:00 | <p><a href='https://financialmodelingprep.com/financial-summary/CHKP'>Check Point Software Technology (NASDAQ:CHKP)</a> reported its Q4 results yesterday, with EPS of $2.45 beating the Street estimate of $2.36. Revenue was $638 million, slightly better than the Street estimate of $636.16 million.</p>
<p>While Q4 security subs revenue remained healthy and product more-or-less held up (with the benefit of pricing), billings were only up 2% year-over-year vs. Street estimate of 6%.</p>
<p>The company expects Q1 EPS to be in the range of $1.68-$1.78, compared to the Street estimate of $1.75. Revenue is expected in the range of $545-$585 million, compared to the Street estimate of $572 million.</p>
<p>Full-year EPS is expected to be in the range of $7.70-$8.30, compared to the Street estimate of $8.09.</p>
| NASDAQ:CHKP | https://financialmodelingprep.com/market-news/fmp-check-point-software-technology-reports-q4-beat-provides-guidance- | Davit Kirakosyan | Financial Modeling Prep |
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Nomad Foods’ Upcoming Q4 Earnings Preview | 2023-02-14 14:51:00 | <p>Deutsche Bank analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/NOMD'>Nomad Foods Limited (NYSE:NOMD)</a> ahead of the upcoming Q4 earnings announcement, scheduled on Feb 23.</p>
<p>Although the analysts believe the company is positioned to meet its full-year target of low-single-digits organic growth and EPS of €1.65-€1.71, they believe 2023 will likely remain challenging given (1) a difficult macro backdrop and potentially eroding consumer demand, (2) still elevated cost inflation (further exacerbated by the uncertainty around Russia/Ukraine crisis), along with (3) higher below-the-line pressures (i.e., rising interest rates).</p>
<p>The analysts expect the company to guide above 2-3% organic growth to a price-driven mid-single-digit range, allowing EBITDA to also rise mid-single-digits as pricing catches up with underlying cost inflation despite margin expansion otherwise limited by volume deleverage/reinvestment.</p>
| NYSE:NOMD | https://financialmodelingprep.com/market-news/fmp-nomad-foods’-upcoming-q4-earnings-preview- | Davit Kirakosyan | Financial Modeling Prep |
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Newell Brands Report Q4 EPS Beat, But Outlook Disappoints | 2023-02-14 07:59:00 | <p><a href='https://financialmodelingprep.com/financial-summary/NWL'>Newell Brands (NASDAQ:NWL)</a> reported its Q4 results on Friday, with EPS of $0.16 coming in better than the Street estimate of $0.11. Revenue of $2.3 billion was roughly in line with the Street expectations. </p>
<p>However, the outlook was significantly lower than anticipated due to ongoing reductions in retailer inventory, decreased consumer spending on non-essential items, and expectations of an economic downturn.</p>
<p>For Q1/23, the company expects EPS in the range of ($0.06)-($0.03), compared to the Street estimate of $0.23, and revenue in the range of $1.79-1.84 billion, compared to the Street estimate of $2.04 billion.</p>
<p>For the full year, the company anticipates EPS in the range of $0.95-$1.08, compared to the Street estimate of $1.42, and revenue in the range of $8.4-8.6 billion, compared to the Street estimate of $9.08 billion.</p>
| NASDAQ:NWL | https://financialmodelingprep.com/market-news/fmp-newell-brands-report-q4-eps-beat-but-outlook-disappoints- | Davit Kirakosyan | Financial Modeling Prep |
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Under Armour Shares Down 12% Despite Q3 Beat | 2023-02-14 07:48:00 | <p><a href='https://financialmodelingprep.com/financial-summary/UAA'>Under Armour Inc (NYSE:UAA)</a> reported better-than-expected Q3 results on Wednesday. Despite the beat, shares fell more than 12% since then. </p>
<p>Q3 EPS was $0.16, better than the Street estimate of $0.09. Revenue came in at $1.58 billion, compared to the Street estimate of $1.55 billion. The company provided its fiscal 2023 outlook, expecting EPS in the range of $0.52-$0.56, compared to the Street estimate of $0.46.</p>
<p>Analysts at Oppenheimer view the results and updated guidance as solid but still suggestive of a recovering brand, struggling amid stepped-up macro and sector pressures. Their positive call on the company is generally longer term in focus and reflective of the potential for new management to eventually expand the power and reach of Under Armour, off a now more streamlined and cost-effective operating model.</p>
| NYSE:UAA | https://financialmodelingprep.com/market-news/fmp-under-armour-shares-down-12-despite-q3-beat | Davit Kirakosyan | Financial Modeling Prep |
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Fox Corporation Shares Up 4% Since Q2 Results Announcement | 2023-02-13 17:02:00 | <p><a href='https://financialmodelingprep.com/financial-summary/FOXA'>Fox Corporation (NASDAQ:FOXA)</a> shares gained more than 4% since the company’s reported Q2 results on Wednesday, with revenue of $4.61 billion (up 3.7% year-over-year) coming in better than the Street estimate of $4.58 billion, driven by higher contributions at TV and other revenue, partially offset by softer cable affiliate fees.</p>
<p>EPS was $0.48, in line with the Street estimates. Somewhat mixed financials were overshadowed by Fox’s long-awaited decision to flex its balance sheet strength via buybacks, which will take shape in the form of a $1 billion ASR (accelerated share repurchase) that takes 2023 buybacks to approximately $2.0 billion vs. Street expectations of $1.0 billion.</p>
| NASDAQ:FOXA | https://financialmodelingprep.com/market-news/fmp-fox-corporation-shares-up-4-since-q2-results-announcement- | Davit Kirakosyan | Financial Modeling Prep |
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Dell Technologies’ Upcoming Q4 Earnings Preview | 2023-02-13 17:00:00 | <p>Analysts at Deutsche Bank provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/DELL'>Dell Technologies Inc. (NYSE:DELL)</a> ahead of the upcoming Q4 earnings announcement, noting they still see risks to their Q4 estimates as third-party data suggests the company's PC shipments declined more severely than expected. </p>
<p>Looking forward, the analysts believe risks are to the downside for Q1 (vs. Street estimate of Q1 revenue decline of 16% year-over-year) and full year 2023/2024 (vs. DELL's previous outlook of down 10-11% year-over-year) given the company's workforce reduction announced on Feb 6, although cost savings associated with the restructuring and favorable FX could provide a partial offset. </p>
<p>The analysts noted that the company's current 2024 revenue outlook is already worse than its peers, but believe that is driven by the lack of a large backlog heading into the year, and think DELL is maintaining its market share on an order basis.
| NYSE:DELL | https://financialmodelingprep.com/market-news/fmp-dell-technologies’-upcoming-q4-earnings-preview | Davit Kirakosyan | Financial Modeling Prep |
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Yum! Brands Posts a Q4 Beat | 2023-02-13 16:57:00 | <p><a href='https://financialmodelingprep.com/financial-summary/YUM'>Yum! Brands (NYSE:YUM)</a> reported its Q4 earnings last week, with EPS of $1.31 coming in better than the Street estimate of $1.26. Revenue was $2.02 billion, beating the Street estimate of $1.92 billion.</p>
<p>Following the company’s December 2022 Analyst Day, investors have been given a clear roadmap for what to expect from a growth perspective in the coming years, and management's creditability around execution remains quite high. </p>
<p>Exiting the quarter, the analysts at Deutsche Bank don't expect to see much in the way of changes to the debate or to the broader discussion around the story. The analysts believe YUM continues to screen as one of the best-positioned names for this environment and over the long-term, and they continue to like the "defense + offense" combination that it offers to investors.</p>
| NYSE:YUM | https://financialmodelingprep.com/market-news/fmp-yum!-brands-posts-a-q4-beat | Davit Kirakosyan | Financial Modeling Prep |
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What to Expect From NetApp’s Upcoming Q3 Earnings Report? | 2023-02-13 16:55:00 | <p>Deutsche Bank provided its outlook on <a href='https://financialmodelingprep.com/financial-summary/NTAP'>NetApp, Inc. (NASDAQ:NTAP)</a> ahead of the company’s upcoming Q3 earnings announcement on Feb 22.</p>
<p>The analysts expect Q3 results to be in line with or slightly below the mid-point of guidance but turned more cautious on the revenue outlook for 2023 given the company's headcount reduction announced on Jan 31. </p>
<p>While the analysts had expected storage demand to be resilient, large-scale layoffs in recent weeks by technology companies suggest that the macro environment is expected to remain challenging. Deutsche Bank now believes the company's storage hardware could see a correction for 4-6 quarters, and its Public Cloud business could also see slower growth due to shrinking IT budgets. Therefore, the analysts lowered their 2023/2024 growth rates from -2%/+7% to -5%/+3%.</p>
| NASDAQ:NTAP | https://financialmodelingprep.com/market-news/fmp-what-to-expect-from-netapp’s-upcoming-q3-earnings-report? | Davit Kirakosyan | Financial Modeling Prep |
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PayPal Shares Up 3% Following Q4 Beat | 2023-02-13 06:40:00 | <p><a href='https://financialmodelingprep.com/financial-summary/PYPL'>PayPal (NASDAQ:PYPL)</a> shares gained around 3% on Friday after the company reported its Q4 earnings results, with EPS of $1.24 and revenue of $7.4 billion coming in better than the Street estimates.</p>
<p>The company provided its outlook for Q1/23, expecting a 7.5% net revenue growth and adjusted EPS in the range of $1.08-$1.10, compared to the Street estimate of $1.07. Full-year adjusted EPS is expected to be approximately $4.87, better than the Street estimate of $4.75.</p>
<p>CEO Dan Schulman announced that he will be retiring at the end of the year and the company will be hosting an investment community meeting (not a formal investor day) towards the end of Q2/23 to provide an update on the company’s strategic initiatives. </p>
| NASDAQ:PYPL | https://financialmodelingprep.com/market-news/fmp-paypal-shares-up-3-following-q4-beat- | Davit Kirakosyan | Financial Modeling Prep |
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Ralph Lauren Reports Better Than Expected Q3 Results | 2023-02-13 06:30:00 | <p><a href='https://financialmodelingprep.com/financial-summary/RL'>Ralph Lauren (NYSE:RL)</a> reported its Q3 results on Thursday, with EPS of $3.35 coming in better than the Street estimate of $2.92. Revenue was $1.83 billion, beating the consensus estimate of $1.76 billion, as there was continued demand for their high-end clothing and accessories. This came as a surprise amid expectations of wealthy customers reducing their spending on luxury items.</p>
<p>On the margin front, the gross profit margin was roughly in line with Street forecasts and was down 80 bps year-over-year as FX pressure offset better pricing, product mix elevation, and lower air freight expenses.</p>
| NYSE:RL | https://financialmodelingprep.com/market-news/fmp-ralph-lauren-reports-better-than-expected-q3-results | Davit Kirakosyan | Financial Modeling Prep |
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indie Semiconductor’s Upcoming Q4 Earnings Preview | 2023-02-13 06:14:00 | <p>Deutsche Bank analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/INDI'>indie Semiconductor, Inc. (NASDAQ:INDI)</a> ahead of the company’s upcoming Q4 earnings, scheduled on Feb 16.</p>
<p>The analysts expect the company to have a typically strong report (6 consecutive beats), but more importantly, a strong quarterly guide into Q1 (up 15% quarter-over-quarter, up 73% year-over-year), as a combination of secular drivers (Automotive demand strength) and company-specific execution enable it to continue to grow despite industry and macro-economic headwinds. </p>
<p>Importantly, the analysts also see margins expanding to 52.0% in Q1/23 as, despite the aforementioned headwinds, the company continues its path toward achieving profitability in the second half of 2023 (increasing the importance of solid execution over the next few quarters).</p>
| NASDAQ:INDI | https://financialmodelingprep.com/market-news/fmp-indie-semiconductor’s-upcoming-q4-earnings-preview | Davit Kirakosyan | Financial Modeling Prep |
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Lyft Shares Take a 36% Hit on Missed Q4 Earnings and Disappointing Outlook | 2023-02-12 09:53:00 | <p><a href='https://financialmodelingprep.com/financial-summary/LYFT'>Lyft (NASDAQ:LYFT)</a> shares plunged more than 36% on Friday after the company reported a surprise Q4 miss and worse-than-expected outlook. Q4 adjusted EPS was ($0.74), compared to the Street estimate of $0.15. Revenue came in at $1.18 billion, compared to the Street estimate of $1.15 billion. For Q1/23, the company anticipates revenue of $975 million, worse than the Street estimate of 1.09 billion.</p>
<p>Despite supply levels meaningfully improving quarter-over-quarter, there appears to be currently insufficient demand to offset lower trending prime time (pricing). It also appears that the company's decision to offset insurance cost inflation with a service fee increase has resulted in increased share losses to Uber. Moreover, the resulting removal of the fee increase is impacting EBITDA and will likely remain a drag for the foreseeable future. </p>
<p>Given the current challenges, the company is also re-evaluating its fiscal 2024 EBITDA and Free Cash Flow guidance and is currently further reviewing adjustments to the business, including additional cost-cutting measures.</p>
| NASDAQ:LYFT | https://financialmodelingprep.com/market-news/fmp-lyft-shares-take-a-36-hit-on-missed-q4-earnings-and-disappointing-outlook | Davit Kirakosyan | Financial Modeling Prep |
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Expedia Group Misses Q4 Estimates, Shares Plunge 8% | 2023-02-12 09:50:00 | <p><a href='https://financialmodelingprep.com/financial-summary/EXPE'>Expedia (NASDAQ:EXPE)</a> shares plummeted more than 8% on Friday after reporting its Q4 earnings results, with EPS coming in at $1.26, missing the Street estimate of $1.69. Revenue was $2.62 billion, coming in worse than the Street estimate of $2.69 billion.</p>
<p>Analysts at Deutsche believe that Hurricane Ian in October and a rash of weather-related cancellations late in December served as the primary factors behind the miss.</p>
<p>More importantly, 2023 is off to an extremely strong start, with January lodging gross bookings up 20% relative to 2019 levels versus up mid-single-digits in Q4. This strength reflects the robust demand environment in the leisure travel market as well as Expedia driving a return on longer-dated investments in loyalty, product experience, direct traffic, app engagement, etc.</p>
| NASDAQ:EXPE | https://financialmodelingprep.com/market-news/fmp-expedia-group-misses-q4-estimates-shares-plunge-8 | Davit Kirakosyan | Financial Modeling Prep |
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Applied Materials’ Upcoming Q1 Earnings Preview | 2023-02-12 09:48:00 | <p>Ahead of the release of its first-quarter earnings, analysts at Deutsche Bank have given their predictions regarding Applied Materials, Inc. <a href='https://financialmodelingprep.com/financial-summary/CHWY'>(NASDAQ:AMAT)</a>.</p>
<p>The analysts expect the quarterly results to be slightly ahead of guidance, as the company should have continued to benefit from easing supply conditions and solid backlog levels. However, commentary by semicap/sub-systems peers reflects sharp demand reductions across segments that the analysts believe are likely to exacerbate the company's revenue correction into the second half of the year.</p>
<p>Furthermore, the analysts expect the company to suggest backlog drawdown occurring faster vs. management's prior outlook of 2-4 quarters (to "normalized" levels of approximately $5 billion). The analysts lowered their 2023 EPS from $6.40 to $6.15 on the deeper revenue reset, but leave their 2024 EPS of $7.25 unchanged. </p>
| NASDAQ:AMAT | https://financialmodelingprep.com/market-news/fmp-applied-materials’-upcoming-q1-earnings-preview | Davit Kirakosyan | Financial Modeling Prep |
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Informatica Reports Q4 EPS Beat, But Guidance Disappoints | 2023-02-10 05:58:00 | <p><a href='https://financialmodelingprep.com/financial-summary/INFA'>Informatica (NYSE:INFA)</a> reported its Q4 results on Wednesday, with EPS of $0.24 coming in better than the Street estimate of $0.22. Revenue was $398.8 million, missing the Street estimate of $404.17 million.</p>
<p>The fiscal 2023 guidance was a bit disappointing with a total ARR guidance of $1.60 billion missing the Street estimate of $1.66 billion, as the metric decelerates to 5% year-over-year from 11.5% in 2022. The company expects 2023 revenue to be in the range of $1.57-1.59 billion, worse than the Street estimate of $1.61 billion.</p>
<p>Management’s expectation for strong overall renewal rates to continue also reflects the mission-critical nature of Informatica's products, which when combined with its large existing installed base and recent cost actions should allow for meaningful operating leverage to flow through in 2023, along with improved free cash flow generation.</p>
| NYSE:INFA | https://financialmodelingprep.com/market-news/fmp-informatica-reports-q4-eps-beat-but-guidance-disappoints- | Davit Kirakosyan | Financial Modeling Prep |
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Coherent Reports Q1 EPS Beat, Revenues In Line | 2023-02-10 05:56:00 | <p><a href='https://financialmodelingprep.com/financial-summary/COHR'>Coherent, Inc. (NASDAQ:COHR)</a> reported its Q1 results, with EPS coming in at $0.95, better than the Street estimate of $0.93. Revenue was $1.37 billion, in line with expectations.</p>
<p>Analysts at Deutsche Bank view the company's commentary on demand trends as reassuring, with management reaffirming double-digit growth in fiscal 2023.</p>
<p>The most incremental data point from the call, in the analysts’ view, was management's indication of incremental weaknesses impacting parts of its Industrial end-market. </p>
<p>Overall, the analysts view the company’s continued focus on deleveraging ($133 million in debt paydown in Q2) as of key importance, especially in a raising interest rates environment.</p>
| NASDAQ:COHR | https://financialmodelingprep.com/market-news/fmp-coherent-reports-q1-eps-beat-revenues-in-line | Davit Kirakosyan | Financial Modeling Prep |
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Affirm Holdings Shares Plunge 17% Following Q2 Miss | 2023-02-09 17:44:00 | <p>Today, shares of <a href='https://financialmodelingprep.com/financial-summary/AFRM'>Affirm Holdings, Inc. (NASDAQ:AFRM)</a> experienced a significant drop of over 17% due to the company announcing plans to lay off 19% of its employees and the release of quarterly results that did not meet expectations. </p>
<p>The company reported a Q2 loss per share of ($1.10), which was worse than the predicted ($1.00), and revenue of $400 million, falling short of the estimated $416.49 million. </p>
<p>For Q3/2023, the company anticipates revenue to be in the range of $360-380 million, compared to the expected $418 million, with full-year revenue projections being $1.475-1.55 billion, compared to the estimated $1.64 billion.</p>
<p>The company is now signaling a willingness to compromise on GMV growth to protect credit quality. Profitability was impacted by delayed execution of merchant pricing increases, higher funding costs, and higher provisioning from retaining loans which resulted in RLTC coming below expectations. However, management is addressing challenges by executing a headcount reduction, increasing emphasis on interest-bearing loans, higher loan retention and benefits from pricing initiatives.</p>
| NASDAQ:AFRM | https://financialmodelingprep.com/market-news/fmp-affirm-holdings-shares-plunge-17-following-q2-miss | Davit Kirakosyan | Financial Modeling Prep |
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CME Group Shares Up 5% on Q4 EPS Beat, Revenues In Line | 2023-02-09 17:41:00 | <p><a href='https://financialmodelingprep.com/financial-summary/CME'>CME Group (NASDAQ:CME)</a> shares gained more than 5% on Wednesday after the company reported its Q4 results, with EPS coming in at $1.92, beating the Street estimate of $1.88. The beat was due to global increases in prices, the growth of interest rates, and concerns about a recession, which led to greater utilization of the risk management tools provided by the futures exchange operator.</p>
<p>Revenue came in at $1.2 billion, roughly in line with the Street estimate of $1.21 billion.</p>
<p>The company is demonstrating pricing power via raising futures/options RPC this year, effectively a 4-5% revenue increase, along with an approximately 4% market data pricing increase.</p>
| NASDAQ:CME | https://financialmodelingprep.com/market-news/fmp-cme-group-shares-up-5-on-q4-eps-beat-revenues-in-line | Davit Kirakosyan | Financial Modeling Prep |
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Robinhood Shares Down 3% on Q4 Revenues Miss | 2023-02-09 17:39:00 | <p><a href='https://financialmodelingprep.com/financial-summary/HOOD'>Robinhood Markets, Inc. (NASDAQ:HOOD)</a> shares closed more than 3% lower today after the company reported its Q4 results, with revenue growing 5% quarter-over-quarter to $380 million, coming in worse than the Street estimate of $394.33 million. EPS was ($0.11), beating the Street estimate of ($0.15).</p>
<p>Transaction-generated income amounted to $186 million, which was a decrease of 11% compared to the previous quarter. This includes options income of $124 million, which remained unchanged, cryptocurrency income of $39 million, which decreased by 24%, and equity income of $21 million, which decreased by 32%. The number of monthly active users in the fourth quarter decreased to 11.4 million, down from 12.2 million in the previous quarter, as customers are still dealing with the unpredictable economic climate.</p>
| NASDAQ:HOOD | https://financialmodelingprep.com/market-news/fmp-robinhood-shares-down-3-on-q4-revenues-miss | Davit Kirakosyan | Financial Modeling Prep |
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Rapid7 Beats Q4 Estimates, But Revenue Guidance Disappoints | 2023-02-09 17:36:00 | <p><a href='https://financialmodelingprep.com/financial-summary/RPD'>Rapid7, Inc. (NASDAQ:RPD)</a> reported its Q4 results on Wednesday, with EPS of $0.35 coming in better than the Street estimate of $0.18. Revenue was $184.48 million, compared to the Street estimate of $179.46 million.</p>
<p>Q1/23 EPS is expected to be in the range of $0.07-$0.10, compared to the Street estimate of $0.07, while revenue is expected in the range of $180-182 million, worse than the Street estimate of $185.7 million.</p>
<p>For the full 2023 year, the company expects EPS of $0.81-$0.88, compared to the Street estimate of $0.49. Revenue is seen at $771-778 million, worse than the Street estimate of $789.82 million.</p>
| NASDAQ:RPD | https://financialmodelingprep.com/market-news/fmp-rapid7-beats-q4-estimates-but-revenue-guidance-disappoints- | Davit Kirakosyan | Financial Modeling Prep |
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Fiserv Shares Surge 8% Following Q4 Results | 2023-02-09 05:35:00 | <p><a href='https://financialmodelingprep.com/financial-summary/FISV'>Fiserv Inc (NASDAQ:FISV)</a> shares gained more than 8% yesterday after the company reported its Q4 results, with EPS of $1.91, in-line with expectations, and revenue of $4.36 billion, slightly better than the consensus estimate of $4.35 billion.</p>
<p>The company provided its fiscal 2023 outlook, expecting EPS to be in the range of $7.25-$7.40, compared to the consensus estimate of $7.28.</p>
<p>According to the analysts at Deutsche Bank, much of the credit for the robust quarter, past 18-month results and solid 2023 guidance needs to be given to CEO Frank Bisignano for changing the organic revenue growth of the company to sustainable higher levels. </p>
<p>Given solid continued execution and the expectation for a 38th consecutive year of double-digit EPS growth, the analysts believe the company is deserving of the premium it trades at vs peers. Based on the updated outlook, the analysts raised their 2023/2024 EPS by $0.16/$0.24 to $7.29/$8.10 and introduced a 2025 EPS of $8.99.</p>
| NASDAQ:FISV | https://financialmodelingprep.com/market-news/fmp-fiserv-shares-surge-8-following-q4-results | Davit Kirakosyan | Financial Modeling Prep |
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What to Expect From GLOBALFOUNDRIES Upcoming Q4 Results? | 2023-02-09 05:33:00 | <p>Deutsche Bank provided its outlook on <a href='https://financialmodelingprep.com/financial-summary/GFS'>GLOBALFOUNDRIES Inc. (NASDAQ:GFS)</a> ahead of the upcoming Q4/22 results announcement. </p>
<p>Despite rising demand weakness/macro headwinds, the analysts believe the company should deliver a solid, approximately in-line Q4, benefitting from a fully booked 2022, backed by fixed/favorably priced long-term agreements.</p>
<p>Looking into fiscal 2023, analysts anticipate that the company should reach its cyclical bottom at some point in the first half of the year, reflecting the trough of the handset market. Taking the year as a whole, the analysts expect the company to be fairly resilient, despite expected weakness in its handset and PC-oriented segments as higher pricing in H2/23 and secure long-term agreements should enable the company to endure the tough macro environment.</p>
| NASDAQ:GFS | https://financialmodelingprep.com/market-news/fmp-what-to-expect-from-globalfoundries-upcoming-q4-results? | Davit Kirakosyan | Financial Modeling Prep |
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Royal Caribbean Reports Q4 Beat, Shares Soar 7% | 2023-02-08 17:39:00 | <p><a href='https://financialmodelingprep.com/financial-summary/RCL'>Royal Caribbean (NYSE:RCL)</a> reported its Q4 results on Tuesday, with EPS coming in at ($1.12), compared to the Street estimate of ($1.31). Revenue was $2.6 billion, roughly in line with the Street estimate of $2.61 billion. Following the earnings announcement, shares surged more than 7% on Tuesday.</p>
<p>The company and cruise peers are benefiting from strong demand and general price insensitivity across the broader travel vertical. It’s pretty clear that the company is operating at an extraordinarily high level right now, in terms of controlling costs while striking an optimal balance of pricing and volume growth.</p>
<p>The company expects Q1/23 EPS to be in the range of ($0.65)-($0.85), compared to the Street estimate of ($0.80). For fiscal 2023, the company expects EPS in the range of $3.00-$3.60, compared to the Street estimate of $3.25.</p>
| NYSE:RCL | https://financialmodelingprep.com/market-news/fmp-royal-caribbean-reports-q4-beat-shares-soar-7 | Davit Kirakosyan | Financial Modeling Prep |
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Graphic Packaging Drop 6% Despite Better-Than-Expected Q4 Results | 2023-02-08 17:37:00 | <p><a href='https://financialmodelingprep.com/financial-summary/GPK'>Graphic Packaging (NYSE:GPK)</a> shares fell more than 6% on Tuesday despite the company reporting better-than-expected Q4 results. EPS came in at $0.59, compared to the Street estimate of $0.58. Revenue was $2.39 billion, better than the street estimate of $2.33 billion.</p>
<p>According to the analysts at Deutsche Bank, Graphic Packaging continues to beat expectations on underlying performance, but the market clearly did not appreciate the company's decision to increase CAPEX in order to construct a greenfield CRB mill that will add a net 200,000 tons of capacity in 2026. </p>
<p>The company's 2023 EBITDA target of $1.7-$1.9 billion was also above the Street estimate of $1.746 billion.</p>
| NYSE:GPK | https://financialmodelingprep.com/market-news/fmp-graphic-packaging-drop-6-despite-better-than-expected-q4-results | Davit Kirakosyan | Financial Modeling Prep |
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KKR & Co Shares Up 5% on Q4 Revenue Beat | 2023-02-08 17:34:00 | <p><a href='https://financialmodelingprep.com/financial-summary/KKR'>KKR & Co. (NYSE:KKR) </a> gained more than 5% on Tuesday after the company beat Q4 revenue expectations in tough conditions. Revenue came in at $2.53 billion, significantly better than the Street estimate of $1.44 billion. EPS was $0.09, missing the Street estimate of $0.85. </p>
<p>The insurance operations are performing better than anticipated (and could generate elevated earnings in the near term), while FRE continues to be solid.</p>
<p>Analysts at Deutsche Bank expect a mid-teens CAGR for FRE growth over the next 3 years. They remain optimistic about the company's private wealth buildout over the long term (though it remains a work in progress and requires investment). </p>
<p>The analysts also see the company as especially well positioned within the alternative manager sector to deploy capital across their asset classes at favorable valuations. </p>
| NYSE:KKR | https://financialmodelingprep.com/market-news/fmp-kkr-&-co-shares-up-5-on-q4-revenue-beat | Davit Kirakosyan | Financial Modeling Prep |
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The Trade Desk’s Upcoming Q4 Earnings Preview | 2023-02-08 17:32:00 | <p>RBC Capital shared its outlook on <a href='https://financialmodelingprep.com/financial-summary/TTD'>The Trade Desk, Inc. (NASDAQ:TTD)</a> ahead of the company’s upcoming Q4 results, which are scheduled to be released on Feb 15.</p>
<p>According to the analysts, the company has shown macro resiliency and the durability of its model throughout the year and should continue to enjoy the resulting market share gains in 2023. The analysts expect the company to deliver solid results, but with a smaller beat vs. Street revenue/adjusted EBITDA estimates of $491 million/$230 million, which implies year-over-year revenue growth of 24%.</p>
<p>The analysts continue to see a number of reasons for optimism and potential drivers for company-specific upside in 2023 outside of a macro recovery. These include: (1) growing exposure to CTV and the potential for more TAM (total addressable market) to move to decisioned programmatic as supply increases, (2) growth and durability of retail media, (3) disruption of walled gardens, particularly regulatory challenges around Google, and (4) expanded use of third-party data through Solimar.</p>
| NASDAQ:TTD | https://financialmodelingprep.com/market-news/fmp-the-trade-desk’s-upcoming-q4-earnings-preview- | Davit Kirakosyan | Financial Modeling Prep |
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Pinterest Shares Plunge 5% on Revenue Forecast Miss | 2023-02-08 06:00:00 | <p><a href='https://financialmodelingprep.com/financial-summary/PINS'>Pinterest (NYSE:PINS)</a> shares dropped more than 5% yesterday after the company reported its Q4 results, with EPS coming in at $0.29, better than the Street estimate of $0.27. Revenue increased 4% to $877 million, compared to the Street estimate of $887.01 million. </p>
<p>Despite the beat, the company said it expects Q1/23 revenue to increase low-single-digits on a year-over-year percentage basis, weaker than the analysts’ estimates.</p>
<p>The company's engagement metrics finally stabilized in the U.S. (flat year-over-year) for the first time since pre-pandemic with management increasingly emphasizing 14% global mobile MAU (monthly active user) growth.</p>
<p>DAU/MAU was at an all-time high at 61% and seems at least partially driven by increasing viewership of short-form video which is now driving 30% of the business.</p>
<p>The company also announced a share repurchase program of up to $500 million over 12 months.</p>
| NYSE:PINS | https://financialmodelingprep.com/market-news/fmp-pinterest-shares-plunge-5-on-revenue-forecast-miss | Davit Kirakosyan | Financial Modeling Prep |
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Energizer Holdings Shares Fall 5% on Q1 Miss | 2023-02-08 05:57:00 | <p><a href='https://financialmodelingprep.com/financial-summary/ENR'>Energizer Holdings (NYSE:ENR)</a> shares plunged nearly 5% yesterday after the company reported its Q1 results, with EPS coming in at $0.72, missing the Street estimate of $0.77. Revenue was $765.1 million, worse than the Street estimate of $789.38 million.</p>
<p>Organic growth was (5.4%), missing the Street expectations of (1.8%). Auto Care posted organic growth of (10.2%), notably below the Street estimate of (2.9%).</p>
<p>Despite a softer-than-expected topline, gross margin performance was strong, growing 150 bps year-over-year and coming in 150 bps ahead of consensus expectations. The expansion was driven by pricing initiatives, $6.5 million in savings from Project Momentum, and an accretive impact from exiting a lower margin business, but was offset by higher material and ocean freight costs and FX impact.</p>
| NYSE:ENR | https://financialmodelingprep.com/market-news/fmp-energizer-holdings-shares-fall-5-on-q1-miss | Davit Kirakosyan | Financial Modeling Prep |
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Affiliated Managers Group Shares Plunge 3% Following Q4 Results | 2023-02-07 17:49:00 | <p><a href='https://financialmodelingprep.com/financial-summary/AMG'>Affiliated Managers Group (NYSE:AMG)</a> shares fell more than 3% on Monday after the company reported its Q4 results, with revenue of $539.6 million coming in worse than the Street estimate of $605.95 million. EPS was $7.28, compared to the Street estimate of $7.09. </p>
<p>Management conservatively expects performance fees to be lower in 2023 (to $125-$175 million vs. $227 million in 2022), which combined with any major equity market downturn in coming months could prohibit positive EPS growth in 2023.</p>
<p>Analysts at Deutsche Bank raised their price target on the company to $92 from $187, noting that with the stock being pressured on the lower performance fee outlook, they would use this as a buying opportunity.</p>
| NYSE:AMG | https://financialmodelingprep.com/market-news/fmp-affiliated-managers-group-shares-plunge-3-following-q4-results | Davit Kirakosyan | Financial Modeling Prep |
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Power Integrations Reports Q4 Revenue Miss, Guidance Disappoints | 2023-02-07 17:46:00 | <p><a href='https://financialmodelingprep.com/financial-summary/POWI'>Power Integrations (NASDAQ:POWI)</a> shares were down more than 2% today following the company’s reported Q4 results, with revenue of $124.8 million missing the Street estimate of $125.55 million. EPS of $0.48 came in better than the Street estimate of $0.46. </p>
<p>The company expects Q1/23 revenue to be in the range of $100-110 million, compared to the consensus of $127 million.</p>
<p>Despite a rather dire near-term outlook, the company reiterated its belief that it expects Q1 to represent the bottom of the cyclical downturn as it sees a significant amount of inventory digestion in Q1 and the ability to ship much closer to true end demand thereafter. </p>
<p>Additionally, management expects a combination of lessening inventory burn, share gains and its typical FIFO cyclical behavior to lead to a strong rebound in sequential growth from the Q1 bottom.</p>
| NASDAQ:POWI | https://financialmodelingprep.com/market-news/fmp-power-integrations-reports-q4-revenue-miss-guidance-disappoints- | Davit Kirakosyan | Financial Modeling Prep |
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Spirit Airlines Reports Q4 Beat, Revenues In Line | 2023-02-07 17:44:00 | <p><a href='https://financialmodelingprep.com/financial-summary/SAVE'>Spirit Airlines (NYSE:SAVE)</a> reported its Q4 results on Monday, with EPS of $0.12 beating the Street estimate of $0.03, driven by strong demand for air travel despite economic challenges. Revenue was $1.39 billion, in line with expectations.</p>
<p>Aircraft utilization was 10.8 hours in Q4, down 7.7% from 11.7 hours in Q4/19. Spirit has been building back its fleet utilization to the best of its ability in light of unexpected setbacks from Geared Turbo Fan (GTF) engine availability issues and stressed industry infrastructure. However, given these issues combined with Airbus aircraft delivery delays, the company has decided to take a more measured approach to capacity planning for 2023. The company forecasts Q1/23 capacity to be up 13.2% year-over-year and full-year capacity up 19% - 22%. </p>
| NYSE:SAVE | https://financialmodelingprep.com/market-news/fmp-spirit-airlines-reports-q4-beat-revenues-in-line | Davit Kirakosyan | Financial Modeling Prep |
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Invitation Homes’ Upcoming Q4 Results Preview | 2023-02-07 17:42:00 | <p>Oppenheimer analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/INVH'>Invitation Homes Inc. (NYSE:INVH)</a> ahead of the upcoming Q4 results, scheduled to be announced on Feb 15.</p>
<p>The analysts view 2023 guidance as the key factor to watch when the company reports. They believe 2023 consensus estimates are too high and believe it's possible the midpoint of company guidance could come in below the Street.</p>
<p>That said, sentiment toward the stock has deteriorated since the summer, buy-side expectations are reasonable, and valuations for the shares are below long-term averages. These factors could limit the downside if guidance is worse than expected.</p>
<p>The analysts expect a 6.5% average monthly rent growth in 2023, a deceleration from 9% in 2022. This is driven by a softer macro environment, less robust demand, difficult comps, more SFR supply, and the company’s exposure to California.</p>
| NYSE:INVH | https://financialmodelingprep.com/market-news/fmp-invitation-homes’-upcoming-q4-results-preview | Davit Kirakosyan | Financial Modeling Prep |
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Selective Insurance Group Shares Up 7% Since Q4 Earnings Release | 2023-02-07 05:33:00 | <p><a href='https://financialmodelingprep.com/financial-summary/SIGI'>Selective Insurance Group (NASDAQ:SIGI)</a> shares gained more than 7% since the company’s reported Q4 results on Thursday, with EPS of $1.46 coming in better than the Street estimate of $1.45 and in line with the recently pre-announced figure. Revenue was $952.2 million, beating the Street estimate of $820.32 million. </p>
<p>Better-than-anticipated Personal Lines and E&S results were offset by weaker-than-anticipated Commercial Lines results.</p>
<p>Other positives from the results include Double-digit premium growth in all units, rising new money yields and strong NIl guidance for 2023, and a sizable uptick in reserve release vs. recent run rates.</p>
| NASDAQ:SIGI | https://financialmodelingprep.com/market-news/fmp-selective-insurance-group-shares-up-7-since-q4-earnings-release | Davit Kirakosyan | Financial Modeling Prep |
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The Walt Disney’s Upcoming Q1 Earnings Preview | 2023-02-07 05:31:00 | <p>Analysts at RBC Capital provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/CHWY'>The Walt Disney Company (NASDAQ:DIS)</a> ahead of the company’s Q1 results, scheduled to be released tomorrow.</p>
<p>The analysts expect results will take a backseat to management’s updated strategic and operational visions following the recent leadership change and ongoing proxy battle with an activist. Analysts believe that since Bob Iger's re-appointment as CEO was only a few months ago, the details of the new plan are still being developed and it may take longer to communicate it clearly to investors. </p>
<p>That said, the analysts still see scope for the bull thesis to be reinvigorated with constructive detail around the path to DTC profitability (e.g., Disney+ meeting or beating its target of achieving profitability in 2024), company-wide cost transformation initiatives (mitigating topline pressures, particularly at Linear Networks, and driving a re-acceleration in operating income growth after 2023), and efforts to improve the guest experience at the Parks (providing more value and flexibility could sustain attendance trends and preserve the brand). </p>
| NASDAQ:DIS | https://financialmodelingprep.com/market-news/fmp-the-walt-disney’s-upcoming-q1-earnings-preview- | Davit Kirakosyan | Financial Modeling Prep |
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Advanced Drainage Systems Shares Drop 17% on Q3 Miss | 2023-02-06 16:36:00 | <p><a href='https://financialmodelingprep.com/financial-summary/WMS'>Advanced Drainage Systems (NYSE:WMS)</a> shares plunged nearly 17% on Thursday after the company reported its Q3 results, with EPS of $0.99 coming in worse than the Street estimate of $1.19. Revenue was $655.2 million, missing the Street estimate of $713.57 million.</p>
<p>ADS (pipe) was impacted by weaker non-residential and retail sales, and Infiltrator (on-site septic) saw continued destocking into October as expected, but experienced a further slowdown in residential sell-through demand as well. </p>
<p>The overall top-line slowdown has forced a reduction in guidance with just one quarter remaining in the fiscal year, with sales growth now expected to be in the range of 7-10% (vs. prior 12-16%) and adjusted EBITDA expected to be $850-890 million (vs. prior $900-940 million).</p>
<p>Full-year revenue is expected to be in the range of $2.975-3.05 billion, compared to the Street estimate of $3.05 billion.</p>
| NYSE:WMS | https://financialmodelingprep.com/market-news/fmp-advanced-drainage-systems-shares-drop-17-on-q3-miss | Davit Kirakosyan | Financial Modeling Prep |
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Cboe Global Markets Gains 4% Since Q4 Earnings Announcement | 2023-02-06 16:34:00 | <p><a href='https://financialmodelingprep.com/financial-summary/CBOE'>Cboe Global Markets (NYSE:CBOE)</a> shares gained more than 4% since the company’s reported Q4 results on Friday, with EPS of $1.80 coming in better than the Street estimate of $1.77. Revenue was $457.1 million, compared to the Street estimate of $458.66 million.</p>
<p>Following the results, analysts at Deutsche Bank cut their price target to $140 from $142 while maintaining their Buy rating. While the analysts viewed Q4 results as being mixed (slightly lower than expected revenue only partially offset by slightly lower expenses), they believe the main investor focus for the stock is the company's continued elevated pace of spending to fund a very long list of growth initiatives. </p>
<p>With 2023 expense guidance that implies 18% total growth vs. consensus expectations of 11%, the analysts see a lengthier investor debate emerging this year on the merits of the investment spend that comes with the increasingly wide range of growth opportunities synonymous with the much more vastly global exchange that CBOE has built over the past few years.</p>
| NYSE:CBOE | https://financialmodelingprep.com/market-news/fmp-cboe-global-markets-gains-4-since-q4-earnings-announcement- | Davit Kirakosyan | Financial Modeling Prep |
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Waste Management Reports Worse Than Expected Q4 Results | 2023-02-06 16:31:00 | <p><a href='https://financialmodelingprep.com/financial-summary/WM'>Waste Management (NYSE:WM)</a> reported its Q4 results last week, with EPS of $1.30 coming in worse than the Street estimate of $1.41. Revenue was $4.94 billion, missing the Street estimate of $4.97 billion.</p>
<p>Volumes and average yield were below target, but this was partially offset by lower operating expenses that drove margin expansion above estimates. This appears to be the same story for 2023 with the company providing an outlook where top-line volumes and yield were below expectations, but EBITDA guidance of $5.825 - $5.975 billion was roughly in line due to margin expansion. </p>
<p>The company provided an update to its strategy on renewable energy and recycling investments with 2023 to see the highest spend for these projects which will weigh on free cash flow. While these projects look to have high returns, investors may not appreciate the volatility of earnings that this could potentially bring to a predictable solid waste business and the valuation to ascribe to this is something to consider.</p>
| NYSE:WM | https://financialmodelingprep.com/market-news/fmp-waste-management-reports-worse-than-expected-q4-results | Davit Kirakosyan | Financial Modeling Prep |
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Coherent’s Upcoming Q2 Results Preview | 2023-02-06 16:29:00 | <p>Deutsche Bank analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/COHR'>Coherent Corp. (NASDAQ:COHR)</a> ahead of the company’s upcoming Q2 results on Wednesday. </p>
<p>The analysts expect the quarterly results to be generally in line with Street estimates as the company should have continued to benefit from an eased supply chain through the quarter. </p>
<p>The analysts expect similar dynamics to extend into 2023, and view the company’s extensive backlog (approximately $3.1 billion exiting Q1) as providing some revenue support in the occurrence of order pushouts/cancellations, hence making Q3 guidance relatively safe. </p>
<p>While the analysts acknowledge increasing macro pressure across segments, most notably in Comms, they believe management's guidance for double-digit growth in the segment to have already built in some level of conservatism. </p>
| NASDAQ:COHR | https://financialmodelingprep.com/market-news/fmp-coherent’s-upcoming-q2-results-preview | Davit Kirakosyan | Financial Modeling Prep |
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Amazon Shares Drop 8% Following Q4 Report | 2023-02-06 04:31:00 | <p><a href='https://financialmodelingprep.com/financial-summary/AMZN'>Amazon (NASDAQ:AMZN)</a> shares plunged more than 8% on Friday after the company reported its Q4 results, with EPS of $0.03 coming in worse than the Street estimate of $0.17. Revenue was $149.2 billion, compared to the Street estimate of $145.64 billion.</p>
<p>The company provided muted guidance for Q1/23, expecting revenue to be in the range of $121-126 billion, compared to the Street estimate of $125.1 billion.</p>
<p>Analysts at RBC Capital think there is a heavy focus on improving retail margins through this year where it believes strong execution is maximizing demand capture. Less positively, AWS missed revenues and margins and guided Q1 down with acceleration not starting until Q3 and no assurances on margin stabilization. </p>
<p>The analysts believe the company likely needs margins to surprise on both cloud and retail amidst reacceleration in the back half before the stock is likely to work again.</p>
| NASDAQ:AMZN | https://financialmodelingprep.com/market-news/fmp-amazon-shares-drop-8-following-q4-report | Davit Kirakosyan | Financial Modeling Prep |