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SMART Global Holdings Reports Q2 Beat, Shares Up 3%

2022-04-06 12:50:00

<p><a href='https://financialmodelingprep.com/financial-summary/SGH'>SMART Global Holdings, Inc. (NASDAQ:SGH) </a>shares were trading more than 3% higher Wednesday morning, following the company’s Q2 beat, led by its Memory Solutions (MS) business, while Intelligent Platforms Solutions (IPS) missed its revenue target as its shipment was capped by a recent exacerbation of microelectronics component shortages. </p> <p>Q2 EPS came in at $0.87, better than the consensus estimate of $0.72. The company continues to see a strong demand environment across all of its three business segments and suggested its overall backlog for Q4 and even early 2023 looks very healthy. </p> <p>Despite a tough macro environment, the company continues to execute well with Q2 overall gross margins of 26.0% staying above its long-term target of over 25%. </p> <p>The company expects Q3/22 EPS to range from $0.67 to $0.83, compared to the consensus of $0.71, and revenue to range from $435 million to $475 million, compared to the consensus of $454 million.</p>

NASDAQ:SGH

https://financialmodelingprep.com/market-news/fmp-smart-global-holdings-reports-q2-beat-shares-up-3

Davit Kirakosyan

Financial Modeling Prep

Analog Devices’ Investor Day Takeaways

2022-04-06 12:48:00

<p>Analysts at Oppenheimer provided their key takeaways from <a href='https://financialmodelingprep.com/financial-summary/ADI'>Analog Devices, Inc’s (NASDAQ:ADI) </a>Investor Day. According to the analysts, management’s tone was bullish, as it raised the long-term revenue growth target (midpoint of 5-year CAGR) to 8.5%. Management sees Q2 sales at/above the high end of the original guidance of $2.7 billion - $2.9 billion.</p> <p>ADI/MXIM cost synergies increased to $400 million (from $275 million). Management sees over $1 billion revenue synergies beginning to materialize in 2024. </p> <p>While the company did not fully update guidance for the April quarter, it did say it expects revenues to be near or above the high-end of guidance. </p> <p>Following the Investor Day, the analysts raised their 2022/2023 EPS from $8.97/$9.85 to $9.11/$10.10 and maintained their Outperform rating with a $210 price target.</p>

NASDAQ:ADI

https://financialmodelingprep.com/market-news/fmp-analog-devices’-investor-day-takeaways-

Davit Kirakosyan

Financial Modeling Prep

Takeaways From Equinix’s CFO Visit

2022-04-06 12:43:00

<p>Analysts at RBC Capital provided a review on <a href='https://financialmodelingprep.com/financial-summary/EQIX'>Equinix, Inc. (NASDAQ:EQIX)</a> following their meeting with the company’s CFO Keith Taylor and Director of IR Chip Newcom, who feel even more confident about demand tailwinds than at the time of the company's Analyst Day.</p> <p>Management expects the strong bookings seen in 2021 to continue into 2022, supported by a strong, broad-based pipeline of enterprise demand and lower churn. 2021 revenue growth of 9-10% was driven by volume notably in the Americas, which grew 10%, or roughly double the rate of the previous year, supported by service provider activity. </p> <p>Management views 2022 as a transition year and feels confident of achieving 50% EBITDA margins by 2025 as it reaps the benefits of the efficiency investments from the past few years and investments in areas such as digital services (e.g., bare metal) and xScale.</p>

NASDAQ:EQIX

https://financialmodelingprep.com/market-news/fmp-takeaways-from-equinix’s-cfo-visit

Davit Kirakosyan

Financial Modeling Prep

Valero Energy Corporation’s Review by RBC Capital

2022-04-06 07:01:00

<p>Analysts at RBC Capital provided their views on <a href='https://financialmodelingprep.com/financial-summary/VLO'>Valero Energy Corporation (NYSE:VLO)</a>, increasing their Q1 estimates, despite the fact that refining cracks continue to surge. The company’s refining margin indicator jumped to the $16/bbl range, up $4/bbl from prior quarter levels and more than double year-ago levels. Notably, March levels are above $20/bbl. </p> <p>Given flat-price and derivative product volatility, the analysts do expect some pressure on capture in Q1 but increase their Q1 EPS to $1.58 from $0.76.</p> <p>The analysts believe the company holds the best refining assets in the group, which keeps them constructive amid the current backdrop. Their price target was increased to $108 from $98, while their outperform rating was maintained.</p>

NYSE:VLO

https://financialmodelingprep.com/market-news/fmp-valero-energy-corporation’s-review-by-rbc-capital

Davit Kirakosyan

Financial Modeling Prep

Elon Musk Joins Twitter Board, Promises to Make Improvements, Views Crypto Spam Bots as Single Most Annoying Problem

2022-04-06 06:58:00

<p>Tesla and SpaceX CEO Elon Musk, who has recently joined Twitter, Inc’s (NYSE:TWTR) board of directors, following his acquisition of a 9.2% stake in the company, promised to make significant improvements to the platform. Replying to one of the suggestions on Twitter, Musk, who is now the largest shareholder of Twitter, said that the crypto spam bots are the single most annoying problem on the platform.</p>

NYSE:TWTR

https://financialmodelingprep.com/market-news/fmp-elon-musk-joins-twitter-board-promises-to-make-improvements-views-crypto-spam-bots-as-single-most-annoying-problem

Davit Kirakosyan

Financial Modeling Prep

Acuity Brands Shares Down 10% Despite Strong Q2 Beat

2022-04-05 12:59:00

<p><a href='https://financialmodelingprep.com/financial-summary/AYI'>Acuity Brands, Inc. (NYSE:AYI) </a>shares were trading more than 10% lower Tuesday morning, despite the company’s reported Q2 results coming in better than expected.</p> <p>Q2 EPS was $2.57, better than the Street estimate of $2.37. Quarterly revenue rose 17% year-over-year to $909.1 million, beating the Street estimate of $884.62 million.</p> <p>The gross margin of 41.7% was up 170 bps year-over-year, reflecting significantly higher materials and freight costs partly offset by price, volume, and ongoing product and productivity improvements.</p>

NYSE:AYI

https://financialmodelingprep.com/market-news/fmp-acuity-brands-shares-down-10-despite-strong-q2-beat

Davit Kirakosyan

Financial Modeling Prep

RBC Capital Downgrades Carvana to Sector Perform

2022-04-05 12:55:00

<p><a href='https://financialmodelingprep.com/financial-summary/CVNA'>Carvana Co. (NYSE:CVNA)</a> was downgraded to sector perform from outperform by the analysts at RBC Capital. The price target was lowered to $138 from $155. Shares were trading at $121 (down around 9%) Tuesday afternoon.</p> <p>The analysts said they are no longer able to justify the risk/reward as asymmetrically positive for the company. Acknowledging a significant discount already priced in, the analysts believe (1) the Adesa acquisition raises the downside risk from any perceived demand shortfall, (2) the second derivative on GPU is inevitably negative, while timing is uncertain, and (3) Adesa’s integration in upcoming 2 years+ could be messy.</p>

https://financialmodelingprep.com/market-news/fmp-rbc-capital-downgrades-carvana-to-sector-perform-

Davit Kirakosyan

Financial Modeling Prep

Takeaways From BorgWarner’s Management Meeting

2022-04-05 12:51:00

<p>Analysts at Deutsche Bank provided their takeaways from their meeting with the management of <a href='https://financialmodelingprep.com/financial-summary/BWA'>BorgWarner Inc. (NYSE:BWA)</a>, including CEO Fred Lissalde, CFO Kevin Nowlan, and VP of IR Patrick Nolan. </p> <p>Management discussed near-term operating conditions and commented that while the Ukraine crisis should have a minimal direct impact on its business, it has created additional uncertainty with the supply chain and increased inflationary pressures. </p> <p>At the same time, the analysts mentioned that the company mostly sources components, rather than commodities, and there usually is a lag of several months until input price movements make their way to its P&L. Furthermore, the company has contractual pass through with its customers for 50% of underlying raw material price increases, and is in active discussions with automakers for broader recoveries.</p>

NYSE:BWA

https://financialmodelingprep.com/market-news/fmp-takeaways-from-borgwarner’s-management-meeting

Davit Kirakosyan

Financial Modeling Prep

Walgreens Boots Alliance’s Review Following Q2 Results

2022-04-05 12:48:00

<p>Analysts at Deutsche Bank provided their views on <a href='https://financialmodelingprep.com/financial-summary/WBA'>Walgreens Boots Alliance, Inc. (NASDAQ:WBA) </a>following the reported Q2 results last week, with EPS beat but maintained 2022 guidance.</p> <p>The company’s Q2 adjusted EPS came in at $1.59, beating the Street estimates of $1.37, and revenue at $33.76 billion, slightly above the Street estimate of $33.32 billion. According to analysts at Deutsche Bank, the beat was mostly driven by the strong demand for COVID vaccines and testing amid the Omicron surge. The company administered 11.8 million COVID vaccines and 6.6 million tests during the quarter. </p> <p>Despite the beat, management maintained fiscal 2022-year guidance of low single-digit EPS growth, implying a sharp earnings decline in the second half and likely steep margin compression in the core US business. </p> <p>The company’s stock lost around 9% since the earnings announcement. According to the analysts, this is a result of investors’ concern that the rising wages, inflation, and reimbursement pressure are likely to continue weighing on the business.</p>

NASDAQ:WBA

https://financialmodelingprep.com/market-news/fmp-walgreens-boots-alliance’s-review-following-q2-results

Davit Kirakosyan

Financial Modeling Prep

Conn’s Recent Sales Trends Are Softer

2022-04-05 07:18:00

<p>Analysts at Oppenheimer provided their views on <a href='https://financialmodelingprep.com/financial-summary/CONE'>Conn's, Inc. (NASDAQ:CONE) </a>following their call with the management of the company, including CEO Chandra Holt.</p> <p>The company’s recently reported Q4 results (Jan 2022) came in generally weaker than expected and highlighted softer trends to begin from the start of next year. Adjusted EPS declined 64% to $0.33, coming in below the consensus estimate of $0.46, due to weaker-than-expected total company comps of +6.2% and retail gross margin pressures (down 170 bps, to 35.8%).</p> <p>During the call with Oppenheimer analysts, management pointed out that the underlying fundamental momentum remains intact at the company and weaker topline trends lately reflect primarily difficult, stimulus-fueled comparisons in early-2021. </p> <p>While the analysts are not recommending the company, they mentioned they do recognize the valuation at which shares trade as decidedly depressed. Their Perform rating was maintained.</p>

NASDAQ:CONE

https://financialmodelingprep.com/market-news/fmp-conn’s-recent-sales-trends-are-softer-

Davit Kirakosyan

Financial Modeling Prep

Tesla Shares Up 5% Following Q1 Deliveries Announcement

2022-04-04 20:34:00

<p><a href='https://financialmodelingprep.com/financial-summary/TSLA'>Tesla, Inc. (NASDAQ:TSLA) </a>shares rose more than 5% today following the company’s reported solid Q1/22 deliveries of 310,000 units, in line with Street estimates. Deutsche Bank analysts provided their views on the company, stating that the 310,000 units missed their previewed estimate of 320,000 units likely due to some impact from Covid lockdowns in Shanghai over the critical final week of the quarter. </p> <p>Model 3+Y deliveries came in at 295,324, below Deutsche’s 307,000, while Model S+X deliveries were slightly ahead, at 14,724 units vs. Deutsche’s estimate of 12,659. Total production for the quarter was 305,407 units including 291,000 Model 3+Y and 15,000 Model S+X. This compares with Q4/21 delivery and production of 308,600/305,800 units, as the company continues to face challenging supply-chain conditions, but weathers it considerably better than the rest of the autos industry. </p> <p>The 1.24 million+ unit annualized production achieved in Q1/22 represents a solid start to 2022, and, in the Deutsche analysts’ view, leaves it on track to achieve around 1.5 million units in 2022. Deutsche's modeled 1.5 million units for the year thus remain unchanged but the analysts lowered their Q1 revenue forecast from $16.9 billion to $16.6 billion and maintained their gross margin, leading to EPS of $2.31 vs. prior $2.36.</p>

NASDAQ:TSLA

https://financialmodelingprep.com/market-news/fmp-tesla-shares-up-5-following-q1-deliveries-announcement

Davit Kirakosyan

Financial Modeling Prep

Revenue Weakness at RH Likely Company-Specific

2022-04-04 20:31:00

<p><a href='https://financialmodelingprep.com/financial-summary/RH'>RH (NYSE:RH) </a>shares lost around 14% since the company’s Q4 results announcement last week. While Q4 EPS of $5.66 came in better than the Street estimate of $5.57, the company cautioned investors that sales trends have slowed markedly early in 2022. </p> <p>For a while, the analysts at Oppenheimer have recommended clients remain on the sidelines with the company, upon concerns about the potential lacking operational controls and disciplines. The company performed well through the COVID-19 crisis and CEO Gary Friedman and his team continue to make significant progress in developing the RH brand. In the analysts’ view, recent topline weakness ($902.7 million compared to the consensus of $931.07 million) is likely more specific to the company than indicative of dislocations throughout the home furnishings space, owing to the unique consumer demand dynamics of the chain.</p>

NYSE:RH

https://financialmodelingprep.com/market-news/fmp-revenue-weakness-at-rh-likely-company-specific

Davit Kirakosyan

Financial Modeling Prep

Chubb Limited’s Q1 Preview by RBC Capital

2022-04-04 20:25:00

<p>Analysts at RBC Capital provided their views on <a href='https://financialmodelingprep.com/financial-summary/CB'>Chubb Limited (NYSE:CB)</a> ahead of Q1 results (exp. April 26), updating their estimates and raising the price target to $239 from $230, while reiterating their outperform rating.</p> <p>The analysts lowered their Q1 operating EPS estimate to $3.58 from $3.71. This principally reflects an expectation for higher catastrophe losses in the Overseas General unit as a result of catastrophe losses in Europe and Australia, partly offset by modestly lower US catastrophe assumptions. For the full year, the analysts’ estimate is reduced to $14.57 from $14.70.</p>

NYSE:CB

https://financialmodelingprep.com/market-news/fmp-chubb-limited’s-q1-preview-by-rbc-capital

Davit Kirakosyan

Financial Modeling Prep

WillScot Mobile Mini Holdings’ Review by Berenberg Bank

2022-04-04 20:20:00

<p>Berenberg Bank analysts provided their views on <a href='https://financialmodelingprep.com/financial-summary/WSC'>WillScot Mobile Mini Holdings (NASDAQ:WSC)</a>, viewing the company as undervalued. The analysts increased their price target on the company’s shares to $50 from $46, while maintaining their buy rating.</p> <p>With shares up 71% since January 2021 and no obvious near-term catalysts, the analysts believe many are beginning to question whether there is still further upside in the name. While the stock is optically expensive on traditional valuation metrics, the analysts think the company is still significantly underearning relative to its invested capital base. </p> <p>Since de-SPACing in 2017, the company has enjoyed strong positive earnings momentum, driven by the company’s operational improvements and M&A. The analysts expect this pattern of positive earnings revisions to continue as the company’s 2022 outlook appears conservative. The analysts believe the setup is favorable for the company to beat and raise in its upcoming quarters.</p>

NASDAQ:WSC

https://financialmodelingprep.com/market-news/fmp-willscot-mobile-mini-holdings’-review-by-berenberg-bank

Davit Kirakosyan

Financial Modeling Prep

JPMorgan Expects Limited Upside For Crypto

2022-04-04 09:08:00

<p>JPMorgan Chase & Co. provided its outlook on crypto markets in its note issued last week, expecting limited upside from here. The investment bank views the share of stablecoins in the total crypto market as an indicator of potential gains and losses.</p> <p>Previously, when stablecoins represented around 10% of the total crypto market capitalization, JPMorgan anticipated further upside for crypto, however, now, with this metric standing below 7%, stablecoins’ share no longer looks excessive.</p> <p>JPMorgan highlighted the fact that the sanctions, imposed on Russia by Western countries, had raised expectations of more excessive crypto use in the future in order to circumvent the traditional banking system, and resulted in price gains of Bitcoin and Ethereum in March. However, given the stablecoin share indication, the investment bank sees further rallies from here having limited potential.</p>

BTC-USD

https://financialmodelingprep.com/market-news/fmp-jpmorgan-expects-limited-upside-for-crypto

Davit Kirakosyan

Financial Modeling Prep

General Electric’s Near Term Outlook

2022-04-04 09:04:00

<p>Analysts at Oppenheimer provided their near-term outlook on <a href='https://financialmodelingprep.com/financial-summary/GE'>General Electric Company (NYSE:GE)</a>, lowering their Q1 EPS estimate to $0.20 from $0.41, but keeping their full-year estimates unchanged, in order to better account for comments on Renewables operating loss, skews mainly to H1, particularly to Q1. </p> <p>The expected significant Q1 pressure reflects the specific backlog slated for delivery, with improving layers of pricing and project selection as the year advances and the company delivers from the more current Renewables backlog (plus, ramping operating and cost structure improvements). </p> <p>As the company moves through a mixed near-term operating environment, with prospective enhancement through the year for Healthcare and Renewables, the Military outlook favors very robust H2 growth. This view is un-impacted by the prospective degree of global re-arming, and reflects strong alignment to growth platforms driving around 12–14% CAGR to 2025.</p>

NYSE:GE

https://financialmodelingprep.com/market-news/fmp-general-electric’s-near-term-outlook-

Davit Kirakosyan

Financial Modeling Prep

Walgreens Boots Alliance Reports Q2 Beat, But Guidance Implies Significant Deceleration in H2/22

2022-04-01 21:13:00

<p><a href='https://financialmodelingprep.com/financial-summary/WBA'>Walgreens Boots (NASDAQ:WBA) </a>shares lost around 7% since the company’s reported Q2 results two days ago. While the company beat the Street expectations, the guidance of low-single-digit EPS growth was reiterated, implying a significant deceleration in H2/22 due to labor and Walgreens Health investments.</p> <p>Q2 adjusted EPS came in at $1.59, compared to the estimates of $1.37, and revenue at $33.76 billion, compared to the consensus of $33.32 billion. The company benefited from strong vaccination and testing demand, solid US retail demand, and continued improvement in international markets. </p> <p>Analysts at RBC Capital reiterated their Sector Perform rating but lowered their price target to $46 from $52 as they roll their valuation forward to 2023 to reflect a more normalized post-pandemic operating backdrop.</p>

NASDAQ:WBA

https://financialmodelingprep.com/market-news/fmp-walgreens-boots-alliance-reports-q2-beat-but-guidance-implies-significant-deceleration-in-h222

Davit Kirakosyan

Financial Modeling Prep

Coupa Software’s Review Following Recent Disappointing Q4 Results

2022-04-01 21:10:00

<p><a href='https://financialmodelingprep.com/financial-summary/COUP'>Coupa Software Incorporated (NASDAQ:COUP) </a>reported its Q4 results in mid-March, with adjusted EPS of $0.19, compared to the consensus of $5.50, and revenue of $193.3 million, compared to the consensus of 186.5 million. As a result, the shares dropped around 20% during the next several days, but have recovered since then.</p> <p>The company’s Q1/23 guidance came worse than the analysts’ expectations. The company anticipates EPS in the range of $0.03-$0.06, compared to the consensus of $5.70, and revenue in the range of $189 million-$191 million, compared to the consensus of $196.5 million.</p> <p>Analysts at Berenberg Bank lowered their price target on the company’s shares to $95 from $260 due to weaker guidance. For the full 2023-year, the company expects revenue growth of 16% (vs. the previous consensus of 22%) and for margins to contract to 3%. According to the analysts, this is likely due to management’s pivot to contract out services, cautiousness on the current macro environment, tougher billings comps, and a meaningful ramp-up in sales/R&D investments.</p>

NASDAQ:COUP

https://financialmodelingprep.com/market-news/fmp-coupa-software’s-review-following-recent-disappointing-q4-results

Davit Kirakosyan

Financial Modeling Prep

PVH Corp Reports Q4 Results, Provides Outlook

2022-04-01 21:07:00

<p><a href='https://financialmodelingprep.com/financial-summary/PVH'>PVH Corp. (NYSE:PVH) </a>reported its Q4 results, with EPS of $2.84 coming in better than the consensus estimate of $2.00. Revenue was $2.43 billion, compared to the consensus estimate of $2.37 billion.</p> <p>The beat reflected a continued healthy trend in the company's international businesses, which offsets weakness in North America due to subdued tourism (revenue in the region was down 26% on a two-year basis vs. international up 9%). </p> <p>Despite the headwinds in North America, the company continues to see strong demand from consumers with sustained full-price selling, AUR growth, and a shift in geographic mix driving impressive GPM expansion.</p> <p>For the full 2022-year, the company expects EPS of $10.15, compared to the consensus of $9.92, and revenue growth of 2%-3% (or 6%-7% on a constant currency basis) year-over-year.</p>

NYSE:PVH

https://financialmodelingprep.com/market-news/fmp-pvh-corp-reports-q4-results-provides-outlook

Davit Kirakosyan

Financial Modeling Prep

Farfetch’s Estimates Lowered on Luxury Spending Impact From Russia and Europe

2022-04-01 21:04:00

<p>Analysts at Oppenheimer provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/FTCH'>Farfetch Limited (NYSE:FTCH)</a>, lowering their estimates on consumer luxury spending impacts from Russia’s 6% exposure and Europe’s 34% exposure.</p> <p>Analysts are becoming increasingly concerned that European consumer spending will be impacted by higher commodity pricing as a result of rising energy prices. The analysts mentioned that several economists have lowered European GDP forecasts from 7.5% to 2.0% on higher energy prices. In early March, Allianz Insurance announced a European energy bill forecast of over 30% year-over-year, with Germany and the UK as high as 70%. The analysts lowered their Q1/22 GMV/gross profit by 2%/1% and lowered 2022/2023 GMV/gross profit by 7% each. As a result, the analysts lowered their price target on the company’s shares to $26 from $32.</p>

NYSE:FTCH

https://financialmodelingprep.com/market-news/fmp-farfetch’s-estimates-lowered-on-luxury-spending-impact-from-russia-and-europe

Davit Kirakosyan

Financial Modeling Prep

Sportradar Group Reports Strong Q4 Results

2022-04-01 10:08:00

<p><a href='https://financialmodelingprep.com/financial-summary/SRAD'>Sportradar Group AG (NASDAQ:SRAD)</a> reported its Q4 results, with revenue coming in at €152.4 million ($172.2 million), representing 41% year-over-year growth.</p> <p>For the full 2021-year, the revenue came in at €561.2 million ($634.2 million), up 39% year-over-year, beating the company’s 2021 annual outlook range of €553 - €555 million.</p> <p>Analysts at Deutsche Bank provided their views on the company following the earnings report, stating that the company’s newly initiated 2022 outlook came in better than expected from a revenue perspective and in line from an adjusted EBITDA perspective. </p> <p>The analysts view the results and outlook favorably, as most sports betting peers continue to miss adjusted EBITDA estimates and guide to deeper near-term losses, compared to Sportradar’s continued profitability. They noted that the profitability continues to stem from the mature international betting businesses, which grew adjusted EBITDA by around 58% year-over-year in Q4.</p>

NASDAQ:SRAD

https://financialmodelingprep.com/market-news/fmp-sportradar-group-reports-strong-q4-results

Davit Kirakosyan

Financial Modeling Prep

Tougher Crypto Regulations in Japan Amid Russia/Ukraine Conflict

2022-04-01 10:06:00

<p>The government of Japan plans to introduce more stiff rules for crypto operators as part of efforts to prevent Russian elites to employ crypto in order to circumvent international sanctions. The legislation, expected to be introduced through amendments to Japan’s foreign exchange and trade law, will require platforms to verify if recipients of transactions are subject to financial sanctions related to Russia’s invasion of Ukraine.</p>

https://financialmodelingprep.com/market-news/fmp-tougher-crypto-regulations-in-japan-amid-russiaukraine-conflict

Davit Kirakosyan

Financial Modeling Prep

What to Expect From SMART Global Holdings’ Q2 Results?

2022-03-31 21:16:00

<p>Analysts at Deutsche Bank provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/SGH'>SMART Global Holdings, Inc. (NASDAQ:SGH) </a>ahead of the company’s Q2 earnings results, expecting it to post in line to slightly better than expected results and provide a Q3 guide roughly in line with the Street estimates. </p> <p>Recent data points from OEMs and memory manufacturers depict a solid enterprise and data centers IT spending environment, however, output could still be capped with microelectronics shortages and a tight supply chain representing the biggest risk to the upside in the print. </p> <p>Looking beyond the near term, the potential of slowing consumer demand in Brazil, continuing supply chain headwinds, and margin pressures seen throughout the technology industry, all introduce a level of uncertainty around the business that the analysts believe will lead to a conservative Q3 guide. </p> <p>Despite the short-term headwinds, the analysts continue to like the growth opportunities in its Intelligent Platform Solutions (IPS) and remain positive on the current strategy with its memory and LED businesses.</p>

NASDAQ:SGH

https://financialmodelingprep.com/market-news/fmp-what-to-expect-from-smart-global-holdings’-q2-results?

Davit Kirakosyan

Financial Modeling Prep

Takeaways From Kohl's Corporation Management Meeting

2022-03-31 21:13:00

<p>Analysts at Deutsche Bank provided their takeaways from their meeting with <a href='https://financialmodelingprep.com/financial-summary/KSS'>Kohl's Corporation (NYSE:KSS) </a>CEO Michelle Gass and VP of Investor Relations Mark Rupe. </p> <p>The analysts think management commentary was positive around consumer demand and the company's top-line initiatives and financial framework. The company has laid the groundwork for growth along with improving profitability and is a nimbler company today than it was pre-pandemic. </p> <p>Topics discussed included (1) the Sephora partnership (expected to drive $2 billion in sales), (2) growth in active and casual categories along with steps to reignite growth in women's, (3) puts and takes around the company's 7%-8% operating margin goal, (4) the macro backdrop, cost inflation, and the supply chain, and (5) new initiatives (e.g. the rollout of over 100 small-format stores). </p> <p>The analysts said they walked away with the view that the company's full 2022-year guidance and long-term financial targets may prove to be prudent as management has greatly considered a number of headwinds. The analysts reiterated their Buy rating and $85 price target.</p>

NYSE:KSS

https://financialmodelingprep.com/market-news/fmp-takeaways-from-kohls-corporation-management-meeting

Davit Kirakosyan

Financial Modeling Prep

Jefferies Financial Group Reports Solid Q1 Results

2022-03-31 21:11:00

<p><a href='https://financialmodelingprep.com/financial-summary/JEF'>Jefferies Financial Group Inc. (NYSE:JEF) </a>reported its Q1 results, with EPS of $1.23 coming in better than the Street estimate of $0.97. Revenue was $1.73 billion, above the Street estimate of $1.67 billion.</p> <p>The quarter marked a strong start to a year so far submerged in growing global uncertainty (i.e., the war in Ukraine, volatile commodity prices, inflation, etc.). These results included a tax benefit related to RSU conversions that may recur periodically, which added around $0.15 per share to EPS, and the fiscal quarter also included stronger December results (given the company's fiscal quarter is shifted one month earlier than the calendar equivalent).</p>

NYSE:JEF

https://financialmodelingprep.com/market-news/fmp-jefferies-financial-group-reports-solid-q1-results

Davit Kirakosyan

Financial Modeling Prep

Core & Main, Inc Reports Strong Beat

2022-03-31 11:26:00

<p><a href='https://financialmodelingprep.com/financial-summary/CNM'>Core & Main, Inc. (NYSE:CNM) </a>reported its Q4 results, with EPS of $0.28 beating the consensus estimate of $0.22. Revenue was $1.25 billion, compared to the consensus estimate of $1.12 billion.</p> <p>The company unveiled its full 2022-year adjusted EBITDA guidance, which was well ahead of consensus estimates. The company expects Adj. EBITDA to range from $595 million to $635 million with an implied margin contraction of 80–90bp.</p> <p>Analysts at Berenberg Bank said they have limited visibility into how long the current hyperinflationary trends experienced in the company’s commodity-based products can persist and therefore acknowledge there could be an upside risk to their near-term estimates. Nonetheless, it is likely inevitable for these same commodity-based products to begin experiencing equally sharp deflationary pressures, resulting in more normalized margins and, by extension, muted medium-term EBITDA growth. Consequently, the analysts leave their $27 price target and Hold rating unchanged.</p>

NYSE:CNM

https://financialmodelingprep.com/market-news/fmp-core-&-main-inc-reports-strong-beat

Davit Kirakosyan

Financial Modeling Prep

Billionaire Mike Novogratz Anticipates Lawmakers Become Softer on Crypto

2022-03-31 11:23:00

<p>Billionaire Mike Novogratz, CEO of Galaxy Digital, shared his views on crypto, stating that his opinion from six weeks ago has changed and now he is more optimistic about the crypto market.</p> <p>According to Novogratz, the bond sell-offs and increased crypto adoption resulted in a price increase of crypto, particularly bitcoin. Novogratz anticipates lawmakers taking a softer stance on crypto, highlighting Treasury Secretary Janet Yellen’s current much more friendly view on crypto, with her last week’s statement, according to which there are benefits from crypto and she recognizes that the innovation in the payment system can be a healthy thing.</p>

BTC-USD

https://financialmodelingprep.com/market-news/fmp-billionaire-mike-novogratz-anticipates-lawmakers-become-softer-on-crypto

Davit Kirakosyan

Financial Modeling Prep

Chewy Shares Drop 16% Following Q4 Results

2022-03-30 21:55:00

<p><a href='https://financialmodelingprep.com/financial-summary/CHWY'>Chewy, Inc. (NYSE:CHWY) </a>shares dropped more than 16% following the company’s worse than expected Q4 results, with revenue of $2.39 billion (vs. Street’s $2.42 billion) and adjusted EBITDA loss of $28.1 million (vs. an expected loss of $73,000).</p> <p>The reason for a quarterly miss was the incremental supply-chain issues associated with out-of-stock levels weighed on revenues. The company provided its full 2022-year sales guidance, with the high end coming in at $10.4 billion, below the consensus estimate of $10.7 billion. However, with out-of-stock sales headwinds meant to weigh on revenue by $200-300 million for the full year, ex these incremental transitory issues, guidance would have been in line. </p> <p>While partially an input to these transitory out-of-stock headwinds, analysts at Deutsche Bank are incrementally concerned that retention rates in the first half of the year are likely to be weaker than expected. They believe that once these headwinds abate, retention is likely to revert to normalized levels, as evidenced by retention generally running within normalized ranges between Q1 and Q3/21.</p>

NYSE:CHWY

https://financialmodelingprep.com/market-news/fmp-chewy-shares-drop-16-following-q4-results

Davit Kirakosyan

Financial Modeling Prep

Micron Reports Strong Q2 Results

2022-03-30 21:51:00

<p><a href='https://financialmodelingprep.com/financial-summary/MU'>Micron Technology, Inc.(NASDAQ:MU) </a>reported strong Q2 results, with EPS coming in at $2.14, beating the consensus estimate of $1.97. Revenue was $7.79 billion, compared to the consensus of $7.53 billion.</p> <p>Deutsch Bank analysts said they were impressed with the results, guidance and 2022 industry commentary by the company, but believe that the bearish investors heading into earnings will remain concerned about DRAM demand and pricing softening later in 2022. More in line with the company’s commentary, the analysts expect DRAM margins to continue to improve for the remainder of 2022 helped by its strength in server DRAM, which is now the largest revenue contributor in the DRAM business. </p> <p>With their view that supply/demand dynamics for both DRAM/NAND should remain healthy in the near term and secular growth tailwinds (particularly in data center) continuing to drive growth, the analysts like the current set-up and maintain their Buy rating and $100 price target.</p>

NASDAQ:MU

https://financialmodelingprep.com/market-news/fmp-micron-reports-strong-q2-results

Davit Kirakosyan

Financial Modeling Prep

Verint Systems Reports Q4 Beat, Provides Outlook

2022-03-30 21:45:00

<p><a href='https://financialmodelingprep.com/financial-summary/VRNT'>Verint Systems Inc. (NASDAQ:VRNT) </a>reported its Q4 results, with EPS coming in at $0.57, slightly better than the consensus estimate of $0.56. Revenue was $236 million, compared to the consensus estimate of $231.6 million.</p> <p>The quarter was highlighted by cloud revenue growth of 35%, with cloud revenue now expected to grow 30-32% in 2023 vs. 30% previously as demand around automation and the need to close the engagement capacity gap continue to drive results.</p> <p>The company expects EPS for the full 2023-year to be $2.50 at the midpoint, compared to the consensus estimate of $2.49. </p>

NASDAQ:VRNT

https://financialmodelingprep.com/market-news/fmp-verint-systems-reports-q4-beat-provides-outlook

Davit Kirakosyan

Financial Modeling Prep

MillerKnoll Shares Up 7% Following Q3 Results

2022-03-30 06:56:00

<p><a href='https://financialmodelingprep.com/financial-summary/MLKN'>MillerKnoll, Inc. (NASDAQ:MLKN) </a>shares were trading more than 7% higher pre-market following the company’s reported Q3 results, with EPS of $0.28 coming in slightly better than the consensus estimate of $0.27. Revenue was $1.03 billion, in-line with the consensus estimate. </p> <p>Demand trends remained robust with orders growing organically by 20.3% year-over-year, driven by growth across all segments. To little surprise, inflation and supply chain headwinds persisted throughout the quarter, which drove a 640bp year-over-year decline in gross margin. However, management noted that supply chain constraints began to ease during the second half of Q3, and expects pricing actions to continue benefiting margins in the coming quarters. </p> <p>The company provided its Q4/22 outlook, expecting EPS in the range of $0.46-$0.52, compared to the consensus of $0.49, and revenue in the range of $1.075-1.115 billion, compared to the consensus of $1.03 billion.</p> <p>Analysts at Berenberg Bank said they continue to take a positive view on the company, as they expect demand to remain strong and macro headwinds to ease.</p>

NASDAQ:MLKN

https://financialmodelingprep.com/market-news/fmp-millerknoll-shares-up-7-following-q3-results

Davit Kirakosyan

Financial Modeling Prep

Lowering Mastercard’s Estimates on Russia/Ukraine Conflict

2022-03-29 20:17:00

<p>Analysts at RBC Capital lowered their estimates on <a href='https://financialmodelingprep.com/financial-summary/MA'>Mastercard Incorporated (NYSE:MA) </a>to reflect the company’s decision to cease operations in Russia because of the conflict in Ukraine. </p> <p>The analysts lowered their 2022 revenue, EBITDA and EPS estimates to $21.35 billion, $12.97 billion and $9.93 from $22.45 billion/ $13.64 billion/$10.50, respectively. Their new 2023 revenue, EBITDA and EPS estimates are $25.37 billion, $15.79 billion and $12.40, respectively.</p> <p>The analysts maintained their outperform rating and $403 price target on the company’s shares, mentioning they believe the company is a core long-term holding and an “indexed” way to play payments and benefits from three global secular megatrends including global consumption, global digitization of payments, and global innovation, which is creating new payment flows.</p>

NYSE:MA

https://financialmodelingprep.com/market-news/fmp-lowering-mastercard’s-estimates-on-russiaukraine-conflict

Davit Kirakosyan

Financial Modeling Prep

Investors Overreacted to Steelcase’s Q4 Results

2022-03-29 20:14:00

<p>Analysts at Berenberg Bank provided their views on <a href='https://financialmodelingprep.com/financial-summary/SCS'>Steelcase Inc. (NYSE:SCS) </a>following the recently reported Q4 results, with a slight miss on EPS and lower-than-expected Q1 guidance.</p> <p>The analysts believe the stock price decline since March 23 was an overreaction of investors (stock already recovered today, up 4%), as orders continued to grow ahead of management’s expectations and ongoing inflationary headwinds should not have surprised. </p> <p>The analysts believe the company’s investment case remains strong, given robust demand trends and 2023 guidance that suggests considerable margin recovery.</p>

NYSE:SCS

https://financialmodelingprep.com/market-news/fmp-investors-overreacted-to-steelcase’s-q4-results

Davit Kirakosyan

Financial Modeling Prep

Ball Corporation Exits Russia

2022-03-29 20:10:00

<p>Analysts at Deutsche Bank provided their thoughts on <a href='https://financialmodelingprep.com/financial-summary/BLL'>Ball Corporation’s (NYSE:BLL) </a>decision to exit Russia. The stock closed more than 2% lower following the announcement, according to which the company is immediately reducing its operations at its three beverage can plants in Russia and is pursuing a sale of its Russian business. </p> <p>This business represented roughly 4% of total sales in 2021, but 8% of adjusted EBIT which implies margins that are roughly double the company's average. </p> <p>The region also represented approximately 5% of the company’s 112.5 billion global beverage can shipments in 2021. Analysts think it's unclear what impact this could have on 2022 numbers as they aren't certain what "reducing operations immediately" effectively means.</p>

NYSE:BLL

https://financialmodelingprep.com/market-news/fmp-ball-corporation-exits-russia

Davit Kirakosyan

Financial Modeling Prep

Lightning eMotors Reports Disappointing Q4 Results

2022-03-29 20:07:00

<p><a href='https://financialmodelingprep.com/financial-summary/ZEV'>Lightning eMotors, Inc. (NYSE:ZEV) </a>reported disappointing Q4 results, with revenue of $4.2 million coming in worse than the consensus estimate of $5.3 million, impacted by limited chassis availability. It also impacted the Q1 guidance by $7 million.</p> <p>Analysts at Oppenheimer expect the company to benefit from its internal chassis ramp specifically because its purpose-built design optimizes battery location eliminating weight and assembly complexity. </p> <p>The analysts believe this offering will aid volumes along with cost structure and vehicle performance. They are also encouraged by the company’s expanded relationship with Forrest River to offer retrofit buses, which they believe can further aid growth along with its standalone powertrain offering. </p> <p>While revenue ramp has been pushed out due to supply chain headwinds, the analysts believe the company is one of the few companies successfully making medium-duty vehicles, which is expected to be leveraged into a sustainable share position. </p>

NYSE:ZEV

https://financialmodelingprep.com/market-news/fmp-lightning-emotors-reports-disappointing-q4-results

Davit Kirakosyan

Financial Modeling Prep

Poshmark Review by Berenberg Bank

2022-03-29 07:03:00

<p>Analysts at Berenberg Bank provided their views on <a href='https://financialmodelingprep.com/financial-summary/POSH'>Poshmark, Inc. (NASDAQ:POSH)</a>, mentioning that the company continues to outperform its peers on 2- and 3-year revenue CAGRs, despite facing near-term headwinds.</p> <p>The analysts estimate the overall digital resale market has grown to $12 billion in 2021, implying a 33% growth rate. With 27.4% year-over-year GMV growth in 2021, the analysts believe the company generally held share, despite IDFA headwinds in H2/2021.</p> <p>With a permanent CFO now in place, the analysts believe expectations management will also improve, reducing volatility around earnings, which should make the company more appealing to long-term investors.</p>

NASDAQ:POSH

https://financialmodelingprep.com/market-news/fmp-poshmark-review-by-berenberg-bank

Davit Kirakosyan

Financial Modeling Prep

Vietnam is Building a Legal Framework For Cryptocurrency

2022-03-29 06:58:00

<p>Le Minh Khai, Vietnamese Deputy Prime Minister, instructed three ministries (the Ministries of Finance, Justice, and Information & Communications) last week to work with the State Bank of Vietnam and other relevant bodies in order to create a legal framework for cryptocurrencies. The framework will be built according to the prime minister’s Decision 1255, issued on Aug. 21, 2017, which approves a development plan for a legal framework for virtual assets, digital currencies, and virtual currencies.</p> <p>There has been significant growth in crypto ownership in Vietnam in the past several years. Currently, over 5.9 million people (6.1% of the population) own cryptocurrency, according to research by Triple A.</p>

BTC-USD

https://financialmodelingprep.com/market-news/fmp-vietnam-is-building-a-legal-framework-for-cryptocurrency

Davit Kirakosyan

Financial Modeling Prep

Tesla Q1 Deliveries Preview

2022-03-28 20:32:00

<p>Analysts at Deutsche Bank provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/TSLA'>Tesla, Inc. (NASDAQ:TSLA) </a>ahead of the company’s Q1 deliveries report, expected to be announced on Saturday.</p> <p>The analysts lowered their deliveries estimate to 320,000 units (up 73% year-over-year), reflecting a temporary shutdown in the Shanghai factory due to Covid. Their revenue estimate was slightly lowered from $18.9 billion to $18.4 billion on volumes, but automotive gross margin was raised to 27.5% from 26.4% given the late impact of the new factory cost ramp in the quarter, leading to EPS of $2.36 vs. prior $2.33. </p> <p>According to RBC Capital, investors’ focus will likely be on usual financial items (Gross Margin, Cash Flow) and future developments (capacity buildouts, battery tech and progress on 4680 cells, FSD). It is likely to also be a heightened focus on the supply chain as that, along with the pace of capacity buildout is ultimately likely to dictate 2022 production/ deliveries.</p>

NASDAQ:TSLA

https://financialmodelingprep.com/market-news/fmp-tesla-q1-deliveries-preview

Davit Kirakosyan

Financial Modeling Prep

Altria Group Downgraded to Sector Perform, The Stock is Already Up 20%

2022-03-28 20:29:00

<p>Analysts at RBC Capital downgraded <a href='https://financialmodelingprep.com/financial-summary/MO'>Altria Group, Inc. (NYSE:MO)</a> to sector perform from outperform on stock outperformance and trade down risk.</p> <p>The stock is up more than 20% since the beginning of December. The analysts believe the outperformance was driven by strong money flows into staples with a sector rotation towards defensive names given concerns on Fed rate hikes, geopolitical risks, and inflation. The company disproportionately benefited from the rotation given its limited exposure to cost inflation, US-centric business, and pricing power. </p> <p>Post the strong stock performance, the analysts believe there is limited room for further outperformance and, thus, view a Sector Perform rating as more appropriate. The analysts mentioned they are worried about consumer trade down within cigarettes with high gas prices, given exposure to lower-income consumers.</p>

NYSE:MO

https://financialmodelingprep.com/market-news/fmp-altria-group-downgraded-to-sector-perform-the-stock-is-already-up-20

Davit Kirakosyan

Financial Modeling Prep

What to Expect From UiPath’s Q4 Results?

2022-03-28 20:24:00

<p>Analysts at RBC Capital provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/PATH'>UiPath Inc. (NYSE:PATH) </a>ahead of the company’s Q4 results, which will be reported on March 30.</p> <p>The analysts said they will be focused on ARR/net-new ARR, customer expansion and NRR trends, and the initial growth/margin outlook for 2023. They look for an upside to Q4 consensus ARR of $902.5 million, representing a 56% year-over-year and consensus revenue/EPS at $283.0 million/$0.03. The analysts think the quarter should continue to benefit from a robust demand environment, ongoing labor shortages accelerating the need for automation, and a strong pipeline into the fiscal year-end that likely benefits going forward from increasing in-person customer engagement.</p> <p>Overall, the analysts believe the company remains well-positioned as a long-term strategic enterprise automation vendor but reduced their price target on the company’s shares to $37 from $47 on peer multiple compression as sentiment remains muted with the stock down 40% since Q3 results.</p>

NYSE:PATH

https://financialmodelingprep.com/market-news/fmp-what-to-expect-from-uipath’s-q4-results?

Davit Kirakosyan

Financial Modeling Prep

Conservative Demand Outlook For GDS Holdings

2022-03-28 20:19:00

<p>Analysts at Berenberg Bank provided their views on <a href='https://financialmodelingprep.com/financial-summary/GDS'>GDS Holdings Limited (NASDAQ:GDS) </a>following the company’s recently reported Q4 results. The analysts lowered their price target on the company’s shares to $72 from $83 on a more conservative demand outlook. </p> <p>Q4 AFFO per share came in at $0.23, lower than the analysts’ estimate of $0.36, and core NOI was 4.3% below Berenberg’s forecast, driven by a higher cost of sale. Revenue was $343.2 million, compared to the consensus estimate of $338.69 million.</p> <p>While demand remains generally solid, management noted that organic bookings will be down year-over-year. The demand profile is also changing from a large cloud to more enterprise. In regard to pricing, the commentary was less than favorable, with management expecting a mid-single-digit decline that could persist into 2023. Even with near-term headwinds, the analysts mentioned that they are still bullish long term.</p>

NASDAQ:GDS

https://financialmodelingprep.com/market-news/fmp-conservative-demand-outlook-for-gds-holdings

Davit Kirakosyan

Financial Modeling Prep

SmartRent Shares Drop 9% on Q4 Miss & Lowered Guidance

2022-03-25 15:27:00

<p><a href='https://financialmodelingprep.com/financial-summary/SMRT'>SmartRent, Inc. (NYSE:SMRT) </a>shares were trading more than 9% lower Friday afternoon following the company’s reported Q4 results, with EPS coming in at ($0.13), below the consensus estimate of ($0.09). Revenue was $34.7 million, compared to the consensus estimate of $31.4 million.</p> <p>The company lowered its full 2022-year guidance, expecting revenue in the range of $220-$250 million, significantly lower than the consensus estimate of $301 million.</p> <p>While the lowering of 2022 expectations was widely expected by the investors, analysts at Deutsche Bank said they came away from earnings surprised at the magnitude of the cut. According to the analysts, the lower outlook appears to be driven mostly by supply chain delays, but considering the more positive commentary by the company on its inventory positioning earlier in 2022, they did not expect the impact to be this large. </p> <p>On the positive side, the analysts are intrigued by the acquisition of SightPlan and see the potential for revenue synergies from the deal.</p> <p>Additionally, the company continues to see healthy bookings and committed unit growth. The analysts lowered their estimates to reflect the guidance and moved their price target to $10 from $16 as they believe there is increased uncertainty about the long-term targets that the company had previously outlined.</p>

NYSE:SMRT

https://financialmodelingprep.com/market-news/fmp-smartrent-shares-drop-9-on-q4-miss-&-lowered-guidance

Davit Kirakosyan

Financial Modeling Prep

What to Expect From Chewy’s Q4 Results?

2022-03-25 15:23:00

<p>Analysts at RBC Capital provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/CHWY'>Chewy, Inc. (NYSE:CHWY) </a>ahead of the company’s Q4 results, expecting net sales growth of 20% year-over-year to $2.4 billion (in-line with the Street estimates), active customers of 20.9 million (vs. Street’s 20.8 million) and EBITDA of ($6.00)million (vs. Street’s $1.7 million).</p> <p>The analysts expect Q4 to be somewhat noisy, but anticipate management will guide 2022 at least in line with buy-side expectations (net sales growth in high-teens and EBITDA margin around 1.5%).</p>

NYSE:CHWY

https://financialmodelingprep.com/market-news/fmp-what-to-expect-from-chewy’s-q4-results?

Davit Kirakosyan

Financial Modeling Prep

FactSet Reports Q2 Beat, Raises 2022 Guidance

2022-03-25 15:20:00

<p><a href='https://financialmodelingprep.com/financial-summary/FDS'>FactSet Research Systems Inc. (NYSE:FDS) </a>reported its Q2 results, with EPS of $3.27 coming in better than the consensus estimate of $2.97. Revenue came in at $431.1 million, beating the consensus estimate of $426.38 million, driven by higher sales of research and advisory and analytics solutions. Organic revenue growth accelerated from 9.1% year-over-year last quarter to 9.9%.</p> <p>The company raised its guidance for the full 2022-year, now expecting EPS to range from $12.75 to $13.15, above the consensus estimate of $12.55. Revenue is expected to be in the range of $1.8-$1.83 billion, compared to the consensus estimate of $1.74.</p> <p>The company has suspended its buyback until fiscal H2/23 to prioritize the repayment of debt.</p>

NYSE:FDS

https://financialmodelingprep.com/market-news/fmp-factset-reports-q2-beat-raises-2022-guidance

Davit Kirakosyan

Financial Modeling Prep

Key Takeaways From Palo Alto Networks’ Investor Call

2022-03-25 15:18:00

<p>Analysts at RBC Capital provided their key takeaways from the investor call with the management of <a href='https://financialmodelingprep.com/financial-summary/PANW'>Palo Alto Networks, Inc. (NASDAQ;PANW)</a>, noting they came away feeling positive about the demand environment and the company’s positioning.</p> <p>The analysts believe the company remains well-positioned to consolidate security spend with a fast-growing NGS business in addition to a durable FWaaS business. </p> <p>Despite supply chain challenges, management noted a healthy product backlog, as trends could improve further as supply chains normalize. Longer-term, management remains committed to driving a mid-single-digit CAGR target for product revenue through fiscal 2024.</p> <p>Overall, the analysts believe the company has navigated well despite a challenging supply chain environment as they remain impressed with the resiliency of product growth including increased 2022 product revenue guidance to high-teens growth vs. mid-teens previously.</p>

NASDAQ;PANW

https://financialmodelingprep.com/market-news/fmp-key-takeaways-from-palo-alto-networks’-investor-call

Davit Kirakosyan

Financial Modeling Prep

Carnival Corporation Reports Q1 Miss, Recovery is Slower Than Expected

2022-03-25 08:20:00

<p><a href='https://financialmodelingprep.com/financial-summary/CCL'>Carnival Corporation (NYSE:CCL) </a>reported its Q1 results, with EPS of ($1.66) coming in worse than the consensus estimate of ($0.90). Revenue was $1.62 billion, missing the consensus estimate of $2.32 billion. With occupancy lower than Q4, the recovery continues to be more modestly paced than expected. </p> <p>According to the analysts at Berenberg Bank, Q1 was another weak quarter with further meaningful downgrades for 2022, but the rhetoric remains optimistic for summer 2022 and for 2023 to be back to normal. </p> <p>The analysts continue to support the longer-term recovery of the industry but note that 2022 and potentially the start of 2023 will be more transitionary than anticipated.</p>

NYSE:CCL

https://financialmodelingprep.com/market-news/fmp-carnival-corporation-reports-q1-miss-recovery-is-slower-than-expected

Davit Kirakosyan

Financial Modeling Prep

BlackRock CEO Says Russia/Ukraine Conflict Can Impact the Acceleration of Digital Currencies

2022-03-25 08:17:00

<p>Larry Fink, the CEO of the world’s largest asset manager Blackrock, overseeing more than $10 trillion, published his 2022 letter to shareholders. In the section on digital currencies, Fink states that the Russia/Ukraine conflict has put an end to globalization, which has been experienced over the last three decades. He believes that the conflict will prompt countries to re-evaluate their currency dependencies and will have an impact on the acceleration of digital currencies.</p>

https://financialmodelingprep.com/market-news/fmp-blackrock-ceo-says-russiaukraine-conflict-can-impact-the-acceleration-of-digital-currencies

Davit Kirakosyan

Financial Modeling Prep

Ollie's Bargain Outlet Reports EPS Beat, Revenue Miss, Lowers 2022 Guidance, Shares Up 6%

2022-03-24 16:19:00

<p><a href='https://financialmodelingprep.com/financial-summary/OLLI'>Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) </a>shares rose more than 6% Thursday afternoon following the company’s reported Q4 results, with EPS coming in at $0.69, beating the consensus estimate of $0.66. However, the company’s revenue of $501.1 million missed the consensus estimate of $513.13. Furthermore, margins declined due to supply chain costs, and it is expected that these costs will remain elevated in 2022, especially in the first half of the year.</p> <p>The company revised its initial full 2022-year guidance lower, now expecting EPS to range from $2.15 to $2.22, compared to the consensus estimate of $2.36. </p> <p>Analysts at RBC Capital said they are encouraged by the fact that management expects fiscal 2023 to be back on algorithm, but anticipate investors will tread with caution near-term.</p>

NASDAQ:OLLI

https://financialmodelingprep.com/market-news/fmp-ollies-bargain-outlet-reports-eps-beat-revenue-miss-lowers-2022-guidance-shares-up-6

Davit Kirakosyan

Financial Modeling Prep

Mondelez International’s Review by Berenberg Bank

2022-03-24 16:15:00

<p>Berenberg Bank analysts provided a review on <a href='https://financialmodelingprep.com/financial-summary/MDLZ'>Mondelez International, Inc. (NASDAQ:MDLZ)</a>, expecting the company to deliver above 4% organic growth in the mid-term, higher than the 3% official guidance, since its separation from Kraft Foods, given a combination of improved category growth, exceptional market share momentum and portfolio management in recent years.</p> <p>In addition, high-single-digit EPS growth is also supported by a return to operating-leverage-driven margin expansion (once inflationary pressures ease), share buybacks and bolt-on M&A. </p> <p>The analysts anticipate that cost efficiency (including some temporary moderation in advertising and commercial investments) and mix can offset some of the gross margin declines, expecting adjusted operating margins down by 30bp year-over-year to 16.3% in 2022 (vs. Street’s 16.9%), and up by 50bp to 16.8% in 2023 (vs. Street’s 17.3%).</p>

NASDAQ:MDLZ

https://financialmodelingprep.com/market-news/fmp-mondelez-international’s-review-by-berenberg-bank

Davit Kirakosyan

Financial Modeling Prep

General Mills Shares Up 3% on Q3 Beat & Raised Guidance

2022-03-24 16:13:00

<p><a href='https://financialmodelingprep.com/financial-summary/GIS'>General Mills, Inc. (NYSE: GIS) </a>shares were trading more than 3% higher Thursday afternoon following the company’s reported Q3 results, with EPS of $0.84 coming in better than the consensus estimate of $0.79. Revenue was $4.5 billion, slightly lower than the consensus of $4.56. </p> <p>However, more important than the beat was the company's full-year guidance raise (beyond what was expected exiting Q2). Such an upgraded outlook underscores the company’s advantaged momentum, execution, and global positioning versus peers - above and beyond the faster-than-expected supply recovery in the final weeks of Q3.</p> <p>Despite strong results and raised guidance, analysts at Deutsche Bank believe questions about business trajectory and cost inflation into fiscal 2023 will likely persist.</p>

NYSE:, GIS

https://financialmodelingprep.com/market-news/fmp-general-mills-shares-up-3-on-q3-beat-&-raised-guidance

Davit Kirakosyan

Financial Modeling Prep

What to Expect From Lululemon’s Q4 Results?

2022-03-24 16:10:00

<p>Analysts at Deutsche Bank provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/LULU'>Lululemon Athletica Inc. (NASDAQ:LULU) </a>ahead of the company’s Q4 results, expected to be reported on March 29. The analysts expect a slight beat, raising their EPS estimate to $3.31 from $3.28 as they believe sales trends in January improved following the surge in Omicron. </p> <p>With the company having already provided an update on Q4 in early January, investor focus is on Q1 and full 2022-year EPS guidance, which the analysts believe is likely to be below the Street's $1.28 and $9.12, respectively.</p> <p>The analysts lowered their price target on the company’s shares to $410 from $453, while maintaining their buy rating.</p>

NASDAQ:LULU

https://financialmodelingprep.com/market-news/fmp-what-to-expect-from-lululemon’s-q4-results?

Davit Kirakosyan

Financial Modeling Prep

Tougher Times For Criteo, Estimates Reduced

2022-03-24 07:09:00

<p>Analysts at Berenberg Bank provided their views on <a href='https://financialmodelingprep.com/financial-summary/CRTO'>Criteo S.A. (NASDAQ:CRTO)</a>, reducing their price target to $58.50 from $66 given current tough times for the company, while their buy rating was maintained.</p> <p>The analysts reduced their revenue estimates due to the company’s withdrawal from the Russian market, which accounts for less than 2% of contribution excluding traffic acquisition costs (CexTAC), and the evidence of softer e-commerce spend, which the analysts believe will impact e-commerce advertising. </p> <p>The analysts now forecast constant FX growth in fiscal 2022 of 8.8%, below the guidance of 10-12% and their previous forecast of 11.7%. The analysts mentioned that the company remains solidly profitable with robust growth potential even after those challenges.</p>

NASDAQ:CRTO

https://financialmodelingprep.com/market-news/fmp-tougher-times-for-criteo-estimates-reduced

Davit Kirakosyan

Financial Modeling Prep

Billionaire Carl Icahn Predicts a Recession, Highlights Surging Inflation

2022-03-24 07:07:00

<p>Carl Icahn, the founder of Icahn Enterprises, shared his views on the state of the U.S. economy during an interview with CNBC Tuesday, anticipating “a recession or even worse” to be on the horizon.</p> <p>Icahn, whose current net worth is around $17 billion, expects “a lot of trouble ahead”, highlighting the surging inflation, which is a major threat to the economy. Icahn believes the days when cheap goods were coming from the Far East, from China, and even from Russia, are over. He also mentioned that the Russia/Ukraine conflict is causing additional problems to the inflationary picture.</p> <p>Icahn believes there’s no accountability in corporate America, and the system needs fixing. While he acknowledged there are some very fine companies with some very fine CEOs, Icahn mentioned that too many are not up to the task that he believes is going to be necessitated. He also highlighted the current supply chain problems, because the “companies are so badly run.”</p>

https://financialmodelingprep.com/market-news/fmp-billionaire-carl-icahn-predicts-a-recession-highlights-surging-inflation

Davit Kirakosyan

Financial Modeling Prep

Adobe Shares Drop 9% On Weak Outlook, Q1 Results Slightly Above Expectations

2022-03-23 15:39:00

<p><a href='https://financialmodelingprep.com/financial-summary/ADBE'>Adobe Inc. (NASDAQ:ADBE) </a>shares were trading around 9% lower Wednesday afternoon following the company’s reported better-than-expected Q1 results, but slightly lower guidance.</p> <p>Q1 EPS was $3.37, better than the consensus of $3.34, and revenue of $4.26 billion, compared to the consensus of $4.24 billion. The company reported upside to ARR metrics and margins, and strength across the segments. These positives are offset by signs of business deceleration, soft Q2 guidance, and a higher tax rate which suggests the business is becoming more seasonal and makes 2022 more back end loaded than pre-print. The company expects Q2/2022 EPS of $3.30, below the consensus estimate of $3.35. Quarterly revenue is expected to be $4.34 billion, compared to the consensus estimate of $4.41 billion.</p> <p>Management did not comment on the full 2022-year outlook, which is typical for the company to not adjust annual guidance early in the fiscal year, and given the uncertainty related to market factors surrounding geopolitical events. The company expects a negative ARR and total revenue impact of $87 million and $75 million in 2022, respectively, from Russia/Ukraine conflict. </p>

NASDAQ:ADBE

https://financialmodelingprep.com/market-news/fmp-adobe-shares-drop-9-on-weak-outlook-q1-results-slightly-above-expectations

Davit Kirakosyan

Financial Modeling Prep

NVIDIA Investor Day Takeaways

2022-03-23 15:36:00

<p>Analysts at Oppenheimer provided a company update on <a href='https://financialmodelingprep.com/financial-summary/NVDA'>NVIDIA Corporation (NASDAQ:NVDA) </a>following GTC and Investor Day.</p> <p>According to the analysts, management’s tone was bullish as it updated opportunities across DC AI, gaming, and auto. Software was another key highlight as the company expects to monetize myriad applications in enterprise, Omniverse and DRIVE. </p> <p>No financial update was given, but management noted that Q1 is on track. Supply remains tight, most acutely in gaming, but expected to improve materially in the second half of the year.</p> <p>The company anticipates mix-driven gross margin expansion this year with growing software revenues providing a long-term margin tailwind. The analysts see structural growth led by DC AI and gaming, as well as Auto.</p>

NASDAQ:NVDA

https://financialmodelingprep.com/market-news/fmp-nvidia-investor-day-takeaways

Davit Kirakosyan

Financial Modeling Prep

AAR Corp Shares Up 6% on Q3 Beat

2022-03-23 15:34:00

<p><a href='https://financialmodelingprep.com/financial-summary/AIR'>AAR Corp. (NYSE:AIR) </a>shares were trading more than 6% higher Wednesday afternoon following the company’s Q3 results, with EPS of $0.63 coming in better than the consensus estimate of $0.58. Revenue was $452 million, beating the consensus of $432.5 million.</p> <p>Aviation sales were up just under 3% sequentially. The company called out continued growth in the MRO business, but softness early in the quarter in its parts business due to the impact of Omicron. The quarter continued the positive margin narrative, but further margin upside should result from volume growth as sales positively inflect in fiscal 2023-year. </p>

NYSE:AIR

https://financialmodelingprep.com/market-news/fmp-aar-corp-shares-up-6-on-q3-beat

Davit Kirakosyan

Financial Modeling Prep

Absci Corporation Reports 2021 Results, Announces NVIDIA Partnership

2022-03-23 15:32:00

<p>Analysts at Berenberg Bank provided their views on <a href='https://financialmodelingprep.com/financial-summary/ABSI'>Absci Corporation (NASDAQ:ABSI) </a>following the company’s released 2021 results. Given the company is still in the early stages of scaling its portfolio of both discovery and cell line development (CLD) programs, the analysts believe their revenue estimates are conservative in the near term. </p> <p>2021 and early 2022 saw the adoption of the company’s newly commercialized discovery capabilities and the execution of five new active programs in 2021, as previously guided. On the back of early adoption of the company’s discovery applications and its new NVIDIA collaboration to scale its own AI capabilities, the analysts maintain their $28 price target and Buy rating.</p> <p>During NVIDIA’s GTC conference yesterday, the company announced its new partnership with NVIDIA, through which it will leverage NVIDIA’s computational power to scale its own AI models for therapeutic protein design and optimization.</p>

NASDAQ:ABSI

https://financialmodelingprep.com/market-news/fmp-absci-corporation-reports-2021-results-announces-nvidia-partnership

Davit Kirakosyan

Financial Modeling Prep

Poshmark Shares Down 7% Following Q4 Results

2022-03-23 08:10:00

<p><a href='https://financialmodelingprep.com/financial-summary/POSH'>Poshmark, Inc. (NASDAQ:POSH) </a>shares were trading more than 7% lower pre-market following the company’s reported Q4 results, with EPS coming in at ($0.19), compared to the Street estimate of ($0.18).</p> <p>Quarterly revenue increased 22% year-over-year to $84.2 million, beating the Street estimate of $80.59 million. Gross Merchandise Value rose 26.8% year-over-year to $490.8 million.</p> <p>Despite better-than-expected Q4 revenue, the company provided weaker Q1 guidance and no full-year forecast. For Q1, the company anticipates the revenue to range from $86 million to $88 million, below the Street estimate of $90.5 million.</p>

NASDAQ:POSH

https://financialmodelingprep.com/market-news/fmp-poshmark-shares-down-7-following-q4-results

Davit Kirakosyan

Financial Modeling Prep

DBS Bank Group’s CEO Views Crypto as a Gold Alternative

2022-03-23 08:07:00

<p>Piyush Gupta, the CEO of DBS Bank Group, Southeast Asia’s largest bank by assets, shared his views on cryptocurrencies during the recent Economic Times Global Business Summit. </p> <p>According to Gupta, crypto won’t become money as we know it, but it can serve as an alternative to gold. Gupta believes central banks should bring crypto into the regulated space.</p>

BTC-USD

https://financialmodelingprep.com/market-news/fmp-dbs-bank-group’s-ceo-views-crypto-as-a-gold-alternative

Davit Kirakosyan

Financial Modeling Prep

NIKE Reports Q3 Beat, Shares Up 4%

2022-03-22 13:26:00

<p><a href='https://financialmodelingprep.com/financial-summary/NKE'>NIKE, Inc. (NYSE:NKE) </a>shares rose around 4% Tuesday afternoon following the company’s reported Q3 results, with EPS coming in at $0.87, beating the Street estimate of $0.71. Revenue for the quarter increased 5% year-over-year to $10.9 billion, compared to the Street estimate of $10.59 billion.</p> <p>Better than expected results were primarily due to robust sales in EMEA, while China showed sequential improvement and North America came in roughly in line with expectations.</p> <p>Analysts at Oppenheimer provided their views following the results, looking very favorably upon continued sales and profit trends, mentioning that the commentary from senior leadership of the company show clearly that the company is managing well various external headwinds, including ongoing supply chain distributions and geopolitical tensions, across the globe.</p> <p>The analysts are optimistic that money will soon flow back into the company’s shares as the market focuses more upon the superb execution process of the company.</p>

NYSE:NKE

https://financialmodelingprep.com/market-news/fmp-nike-reports-q3-beat-shares-up-4

Davit Kirakosyan

Financial Modeling Prep

ORIC Pharmaceuticals Shares Down 32% on ORIC-101 Discontinuation, Downgraded to Perform

2022-03-22 13:23:00

<p>Analysts at Oppenheimer downgraded <a href='https://financialmodelingprep.com/financial-summary/ORIC'>ORIC Pharmaceuticals, Inc. (NASDAQ:ORIC)</a> to perform from outperform following ORIC-101 discontinuation, which resulted in a share price decline of more than 32% Tuesday afternoon.</p> <p>While the analysts don't view the discontinuation decision as necessarily surprising and previously focused much of their attention on ORIC-114 exon 20 program, with no material news flow until the first half of 2023, the analysts expect shares to trade in line with the broader biotech market for the balance of 2022. </p> <p>Of the company’s three programs (944, 533, and 114), the analysts continue to view the upside/downside of ORIC-114 as particularly attractive based on a well-worn path for CNS penetrant precision oncology compounds against clinically-validated targets.</p> <p>While the analysts believe the company continues to have solid management and a differentiated pipeline of early-stage precision oncology assets, following the discontinuation of ORIC-101 they expect limited news flow for the balance for 2022.</p>

NASDAQ:ORIC

https://financialmodelingprep.com/market-news/fmp-oric-pharmaceuticals-shares-down-32-on-oric-101-discontinuation-downgraded-to-perform

Davit Kirakosyan

Financial Modeling Prep

Anaplan Confirms Thoma Bravo’s Acquisition Rumor, Shares Up 27%

2022-03-22 13:20:00

<p><a href='https://financialmodelingprep.com/financial-summary/PLAN'>Anaplan, Inc. (NYSE:PLAN) </a>shares rose around 27% on Monday following the company’s confirmation regarding the WSJ report of private equity interest, according to which Thoma Bravo agreed to acquire the company for $66 per share. </p> <p>According to the analysts at Berenberg Bank, the company had seen activist investors' interest since reporting Q3 results and were keen to make changes (including nominating a slate of new directors). As such, the analysts can’t definitively rule out that there may be investors to pursue alternatives.</p>

NYSE:PLAN

https://financialmodelingprep.com/market-news/fmp-anaplan-confirms-thoma-bravo’s-acquisition-rumor-shares-up-27-

Davit Kirakosyan

Financial Modeling Prep

HireRight Holdings Corporation Shares Up 20% on Q4 Beat & Outlook

2022-03-22 13:17:00

<p><a href='https://financialmodelingprep.com/financial-summary/HRT'>HireRight Holdings Corporation (NYSE:HRT) </a>shares were trading more than 20% higher Tuesday afternoon following the company’s reported Q4 results, with EPS of $0.32 coming in significantly better than the consensus estimate of $0.07. Revenue was $198.5 million, compared to the consensus estimate of $204.98 million.</p> <p>The company guided full 2022 revenue growth of 10–12%, above its medium-term organic growth algorithm of 8–10%, driven by the single, unified global technology platform integrated with Applicant Tracking Systems, industry-specific proprietary databases, 250+ products portfolio, and an online platform for the self-service market. </p> <p>Analysts at RBC Capital believe technology transformation will fuel above 15% profitability growth beginning in the second half of 2022, and management’s tone on the pipeline was positive given comprehensive screening and unified global platform.</p>

NYSE:HRT

https://financialmodelingprep.com/market-news/fmp-hireright-holdings-corporation-shares-up-20-on-q4-beat-&-outlook

Davit Kirakosyan

Financial Modeling Prep

Why Did Sutro Biopharma Shares Drop 17% Yesterday?

2022-03-22 06:59:00

<p><a href='https://financialmodelingprep.com/financial-summary/STRO'>Sutro Biopharma, Inc. (NASDAQ:STRO) </a>shares dropped more than 17% yesterday, which is probably a result of a data presentation from ImmunoGen, Inc. (NASDAQ:IMGN), shares of which fell more than 18% yesterday.</p> <p>Investors were disappointed at the PFS data from the competitor ADC mirvetuximab soravtansine (mirv) and believed this would read negatively for STRO-002. Analysts at Berenberg Bank provided their views on this, stating they disagree with the majority of investors, as they see minimal read-through to the disease biology, and believe IMGN’s data set a low bar for STRO-002, which will likely have better durability. </p> <p>According to the analysts, the next step for Sutro Biopharma is to discuss drug safety, a biomarker enrichment method, and a pivotal trial design with the FDA. Management indicated it is putting together a briefing document to discuss with the agency and they believe the data should warrant the Breakthrough therapy designation (BTD). The analysts expect the regulatory outcome in mid-2022 and data from the expansion cohort in the second half of the year.</p>

NASDAQ:STRO

https://financialmodelingprep.com/market-news/fmp-why-did-sutro-biopharma-shares-drop-17-yesterday?

Davit Kirakosyan

Financial Modeling Prep

Investing Too Late and Too Little Into Bitcoin, Peter Thiel’s Biggest Mistake

2022-03-22 06:56:00

<p>Peter Thiel, the co-founder of PayPal, shared his views on crypto during a panel conversation with the author of the book “The Founders” Jimmy Soni last week. Thiel mentioned that his greatest mistake in the last decade was getting too late and too little into bitcoin.</p> <p>Thiel made similar remarks regarding crypto previously also. During a Miami crypto event in October last year, Thiel said that bitcoin was “the canary in the coal mine”, and it’s the most honest market in the U.S.</p>

BTC-USD

https://financialmodelingprep.com/market-news/fmp-investing-too-late-and-too-little-into-bitcoin-peter-thiel’s-biggest-mistake-

Davit Kirakosyan

Financial Modeling Prep

What to Expect From Adobe’s Q1 Results?

2022-03-21 16:14:00

<p>Analysts at RBC Capital provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/ADBE'>Adobe Inc. (NASDAQ:ADBE) </a>ahead of the company’s Q1/22 report, anticipating positive results with the return of a creative cloud beat and increased emphasis on the strategic outlook. </p> <p>Following product announcements from Adobe Max, commentary may skew towards Experience, but comfort around the demand environment and competitive landscape for creative remains in focus. </p> <p>The analysts reiterated their outperform rating but lowered their price target to $600 from $650 on peer-multiple contraction, as they continue to have a favorable view around the value and durability of profitable growth. </p> <p>According to the analysts, earnings will provide important data points in the wake of declining sentiment with investors focused on net-new digital media ARR following Q4/21 softness when adjusting for the Frame.io benefit.</p>

NASDAQ:ADBE

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

Davit Kirakosyan

Financial Modeling Prep

Cue Biopharma’s Review Following Recent Q4 Results

2022-03-21 16:08:00

<p>Analysts at Oppenheimer provided a review on <a href='https://financialmodelingprep.com/financial-summary/CUE'>Cue Biopharma, Inc. (NASDAQ:CUE)</a> following the company’s recently released Q4 results, with a full 2021-year EPS coming in at $(1.41).</p> <p>Management provided incremental clinical updates from ongoing trials of CUE-101 in HPV+ HNSCC. Notably, a previously unconfirmed PR in the CUE-101 + pembrolizumab combination trial has been confirmed, and the analysts believe trends emerging from the trial’s updated spider plot hint at dose-dependent and durable efficacy. </p> <p>In the second half of the year, management plans to meet with the FDA to define a registrational pathway in late-line HNSCC, and Cue is preparing to advance a second ImmunoSTAT, CUE-102, into the clinic soon. </p> <p>The analysts lowered their price target on the company’s shares to $26 from $32 as they have extended CUE-101’s timeline in their model. Outperform rating was maintained.</p>

NASDAQ:CUE

https://financialmodelingprep.com/market-news/fmp-cue-biopharma’s-review-following-recent-q4-results

Davit Kirakosyan

Financial Modeling Prep

Micron Technology’s Q2 Preview

2022-03-21 16:06:00

<p>Analysts at Deutsche Bank provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/MU'>Micron Technology, Inc. (NASDAQ:MU) </a>ahead of the company’s Q2 earnings report, expecting it to post mostly in-line results and upside to Q3 guidance. </p> <p>Several macro events in recent weeks have led to more uncertainties on both the supply and demand sides. While key semiconductor/semicap equipment companies suggest there is minimal concern regarding availability of key raw materials, there are increasing uncertainties related to the sustainability of demand in smartphone/PC driven by rising inventories and increased macro volatility. In addition, IC supply shortages and higher logistics costs remain headwinds. </p> <p>While the analysts acknowledge the increasing uncertainties, with the company’s shares pulling back around 15% year-to-date despite an improving pricing outlook, they believe the risk-reward is favorable, and they maintain their Buy rating.</p>

NASDAQ:MU

https://financialmodelingprep.com/market-news/fmp-micron-technology’s-q2-preview

Davit Kirakosyan

Financial Modeling Prep

Veeco Instruments’ Review Following Investor Meeting

2022-03-21 16:03:00

<p>Oppenheimer analysts provided their views on <a href='https://financialmodelingprep.com/financial-summary/VECO'>Veeco Instruments Inc. (NASDAQ:VECO) </a>following the company’s investor meetings hosted on Friday with CEO Bill Miller, CFO John Kiernan, and IR Anthony Bencivenga. </p> <p>According to the analysts, demand remains strong with book-to-bill over 1.13 and lead times steady at 6-9 months. The company ended Q4 with a $440 million backlog. Mix favors semi/compound semi at 45%/20% of total backlog, respectively. </p> <p>The analysts believe the company is positioned to capture share in an evolving landscape as IDMs/ foundries increase spending to advance processes and expand capacity. Top foundry TSMC sees 2022 CAPEX at $40-44 billion with 10% allocated for advanced packaging and mask. In the analysts’ view, this bodes well for Veeco AP and EUV tools. The company recently announced orders for AP and IBD with a new EUV Mask entrant. The analysts mentioned they like the company’s broad and accelerating growth outlook led by LSA, EUV Mask, and AP lithography tools.</p>

NASDAQ:VECO

https://financialmodelingprep.com/market-news/fmp-veeco-instruments’-review-following-investor-meeting

Davit Kirakosyan

Financial Modeling Prep

FUBO’s Review Following 50% Stock Price Decline Since the Start of 2022

2022-03-19 15:29:00

<p>Analysts at Berenberg Bank provided their views on <a href='https://financialmodelingprep.com/financial-summary/FUBO'>fuboTV Inc. (NYSE:FUBO)</a>, mentioning the reason for a significant share price decline (down almost 50% year-to-date), including lofty investor expectations for subscribers and the expectation of sportsbook contribution in 2022, as well as the company’s stock being tied into a general risk-off and mean reversion environment. Further, gaming-related stocks have seen negative price action as the market weighs the risk/reward of TAM estimates and promotional costs.</p> <p>The analysts believe management’s subscriber guidance provided during the Q4 earnings call, could prove conservative in 2022 and set the company up for “beat-and-raise” quarters given strength in sports viewership. </p> <p>The analysts maintain the view that the business will benefit from the shift in ad spend from traditional TV to digital, which will be further bolstered by the company’s native digital wagering platform. The analysts lowered their price target to $20 from $50, while maintaining their buy rating.</p>

NYSE:FUBO

https://financialmodelingprep.com/market-news/fmp-fubo’s-review-following-50-stock-price-decline-since-the-start-of-2022

Davit Kirakosyan

Financial Modeling Prep

FedEx Shares Down 4% Following Q4 EPS Miss, Maintains 2022 Outlook

2022-03-18 15:15:00

<p><a href='https://financialmodelingprep.com/financial-summary/FDX'>FedEx Corporation (NYSE:FDX) </a>shares were trading 4% lower Friday afternoon following the company’s reported Q3 results, with EPS coming in at $4.59, missing the Street estimate of $4.65. </p> <p>Total revenue grew 9.80% year-over-year to $23.6 billion, compared to the Street estimate of $23.49 billion. Express segment revenue increased 5% year-over-year, while adjusted operating income increased 27%, mainly via higher yields/net fuel benefit/lower variable compensation. Ground segment revenue increased 10% year-over-year, while adjusted operating income decreased 9% primarily on higher purchased transportation/ wages/expansion-related costs and network inefficiencies. </p> <p>Freight revenue/adjusted operating income increased 23%/183%, respectively, via higher revenue per shipment/increased average daily shipments. With Q3 Omicron/labor challenges less harsh heading into Q4, and the company guiding a lower 2022 tax rate, adjusted EPS guidance for the full 2022-year was maintained at $20.50-21.50, compared to the Street estimates of $20.71.</p>

NYSE:FDX

https://financialmodelingprep.com/market-news/fmp-fedex-shares-down-4-following-q4-eps-miss-maintains-2022-outlook

Davit Kirakosyan

Financial Modeling Prep

Accenture Reports Strong Q4 Results, Provides Guidance

2022-03-18 15:12:00

<p><a href='https://financialmodelingprep.com/financial-summary/ACN'>Accenture plc (NYSE:ACN) </a>released its Q2 results, with revenue coming in at $15.05 billion (up 24% year-over-year), beating the consensus estimate of $14.66 billion. Bookings were $19.6 billion, above the consensus estimate of $17.6 billion, driven by outsized strength in Consulting from digital transformation demand.</p> <p>IT services demand continues to accelerate as companies undergo compressed technology transformation, where the company is best positioned. As a result, the company continues to rapidly add headcount to support demand despite the tight labor market. </p> <p>With a mix of large and small deals, including significant growth in large clients, the company expects strong growth through the back half of the year despite comps becoming more difficult. ACN raised its full 2022-year revenue growth guidance to around 24-26%.</p> <p>The company also increased its 2022 EPS guidance to $10.61-10.81 from $10.32-10.60 even as margin expectations were lowered due primarily to wage inflation. </p>

NYSE:ACN

https://financialmodelingprep.com/market-news/fmp-accenture-reports-strong-q4-results-provides-guidance

Davit Kirakosyan

Financial Modeling Prep

What to Expect From Ollie's Bargain Outlet Holdings’ Q4 Results?

2022-03-18 15:10:00

<p>Analysts at RBC Capital provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/OLLI'>Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) </a>ahead of the company’s Q4 results., expecting comp sales growth of -9% and EPS of $0.67, both in-line with Street estimates. </p> <p>According to the analysts, their intra-quarter reads skew more negative than positive, but expectations already seem to be reflective given high short interest and shares already being down 16% relative to the market since the last reporting. </p> <p>While recent messiness has driven some investors to question whether the company’s long-term algorithm is at risk, the analysts do not believe this to be the case. Looking out to 2023, the analysts expect the company to get back to a more normalized trend of around 50 store openings per year, 1-2% comp sales growth, and around 40% gross margins.</p>

NASDAQ:OLLI

https://financialmodelingprep.com/market-news/fmp-what-to-expect-from-ollies-bargain-outlet-holdings’-q4-results?

Davit Kirakosyan

Financial Modeling Prep

Synlogic Reports Q4 Results, Shares Down 3%

2022-03-18 15:06:00

<p><a href='https://financialmodelingprep.com/financial-summary/SYBX'>Synlogic, Inc. (NASDAQ:SYBX) </a>shares were trading 3% lower Friday afternoon following the company’s Q4 results. </p> <p>The company has several clinical updates on deck for 2022— starting with initial results for SYNB1934 in PKU in the first half of the year—which is expected to inform a product candidate selection for a planned pivotal trial in the second half of the year. </p> <p>With shares trading near cash, analysts at Oppenheimer see an attractive buying opportunity ahead of upcoming readouts.</p>

NASDAQ:SYBX

https://financialmodelingprep.com/market-news/fmp-synlogic-reports-q4-results-shares-down-3

Davit Kirakosyan

Financial Modeling Prep

Williams-Sonoma Shares Up 5% on Q4 EPS Beat, Raises Dividends & Approves $1.5 Billion Share Repurchase

2022-03-18 09:31:00

<p><a href='https://financialmodelingprep.com/financial-summary/WSM'>Williams-Sonoma, Inc. (NYSE:WSM) </a>shares closed more than 5% higher on Thursday following the company’s reported Q4 results, with EPS of $5.42 coming in better than the Street estimate of $4.82. Revenue came in at $2.5 billion, slightly lower than the Street estimate of $2.58 billion.</p> <p>Supply chain hiccups pressured Pottery Barn Kids sales during the quarter more than expected, while the Williams-Sonoma brand comps softened on tough comparisons. Yet, overall demand comps remained strong and the company still posted 10.8% comps for Q4 (vs. Street’s 13%).</p> <p>Analysts at Wedbush provided their views on the company, noting they continue to see rapid growth in the highly accretive B2B segment that could add another 500 bps to comps (after contributing 500 bps in 2021) and add 30-40 bps to operating margins.</p> <p>The company provided its full 2022-year outlook, expecting financial performance to be in line with its long-term guidance of mid-to-high single-digit annual revenue growth. In addition, the board of directors raised the quarterly dividend by 10% to $0.78 per share, and authorized a new stock repurchase program of $1.5 billion.</p> <p>While macro risks are rising, the analysts see strong near- and long-term prospects, leading them to raise estimates, and increase their price target to $200 from $190, while reiterating their outperform rating. </p>

NYSE:WSM

https://financialmodelingprep.com/market-news/fmp-williams-sonoma-shares-up-5-on-q4-eps-beat-raises-dividends-&-approves-$15-billion-share-repurchase

Davit Kirakosyan

Financial Modeling Prep

Co-founder of Bitmex Expects $1 Million Bitcoin & $10,000 Gold

2022-03-18 09:28:00

<p>Arthur Hayes, the co-founder of the cryptocurrency exchange Bitmex, wrote a long and comprehensive blog post, namely “Energy Cancelled,” describing the economics behind the ongoing Russia-Ukraine war.</p> <p>The blog post, published on March 16, discusses the consequences of canceling the world’s largest energy exporter and the end of the monetary system controlled by the “Petro Dollar” and “Euro Dollar.” According to Hayes, removing Russia and the collateral its resources represent from the financial system will have significant consequences.</p> <p>A few days after the International Monetary Fund (IMF) warned the “economic consequences are already very serious”, the U.S. lawmakers introduced a bill to sanction Russia’s gold reserves. According to Anton Siluanov, Russia’s finance minister, half of the country’s gold and foreign reserves of about $300 billion are frozen.</p> <p>According to Hayes, following the “cancellation” of the world's largest energy producer, we have to be ready to see $1 million Bitcoin and $10,000 Gold.</p>

BTC-USD

https://financialmodelingprep.com/market-news/fmp-co-founder-of-bitmex-expects-$1-million-bitcoin-&-$10000-gold

Davit Kirakosyan

Financial Modeling Prep

What to Expect From NIKE’s Upcoming Q3 Earnings?

2022-03-17 15:57:00

<p>Analysts at Deutsche Bank provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/NIKE'>NIKE, Inc. (NYSE:NKE) </a>ahead of the company’s Q3 earnings results, which are expected to be reported on March 21. The analysts expect Q3 EPS to slightly beat the consensus estimate of $0.72, driven by gross profit margin upside and better-than-expected sales in North America.</p> <p>On the flip side, the analysts are lowering their already below-consensus forecast for China (now $1.89 billion vs. the Street’s $2.10 billion) as they are concerned around COVID-related lockdowns as well as local brand demand outpacing international brands. That said, the analysts do see consumer sentiment moving in the right direction but believe it could be a couple of quarters before they get a clear picture of the top-line trajectory in the region.</p> <p>The analysts lowered their Q4 and full 2023-year EPS estimates to $0.80 from prior $0.96 and $4.36 from prior $4.61, respectively. The analysts lowered their price target on the company’s shares to $173 from $199, while maintaining their buy rating.</p>

NYSE:NKE

https://financialmodelingprep.com/market-news/fmp-what-to-expect-from-nike’s-upcoming-q3-earnings?

Davit Kirakosyan

Financial Modeling Prep

Cisco Systems’ Investor Meeting Takeaways

2022-03-17 15:55:00

<p>Analysts at Oppenheimer provided their views on <a href='https://financialmodelingprep.com/financial-summary/CSCO'>Cisco Systems, Inc. (NASDAQ:CSCO) </a>following the company's Investor Meeting. Among the key takeaways the analysts mentioned (1) increasing Webscale demand for Silicon One and 8000-series routers, (2) prioritizing R&D investment in full-stack observability and security to capitalize on a large TAM, (3) a “wait-and-see” approach for the Collaboration portfolio, which is seeing strength in UCaaS and cloud calling offset by Webex, and (4) a shift in investment strategy prioritizing long-term revenue growth instead of incremental margin expansion. </p> <p>Overall, the analysts came away positive and believe the company can sustain above-average order growth near-term and transition the portfolio to subscription/SaaS. The analysts view management's target hardware growth of 2–4% as conservative given the strong Webscale demand. </p>

NASDAQ:CSCO

https://financialmodelingprep.com/market-news/fmp-cisco-systems’-investor-meeting-takeaways

Davit Kirakosyan

Financial Modeling Prep

Semtech Corporation Shares Up 4% Following Q4 Results

2022-03-17 15:50:00

<p><a href='https://financialmodelingprep.com/financial-summary/SMTC'>Semtech Corporation (NASDAQ:SMTC) </a>shares were trading more than 4% higher Thursday afternoon following the company’s reported Q4 results, with EPS of $0.70 coming in slightly better than the consensus estimate of $0.69. Revenue was $190.6 million, compared to the consensus estimate of $189.35 million.</p> <p>The company provided its Q1/23 outlook, expecting revenue to range from $195 million to $205 million, above the consensus estimate of $192.3 million. LoRa found the next growth gear, accelerating to $41.7 million in Q4 finishing the year up 53% ($134 million), compared to the 40% target. LoRa revenue funnel is $950 million today, expected at $1.3 billion by the end of the year; 40-50% of funnel converts to revenue within 24 months. Picocell gateways grew 190% in 2022 reflecting smart home/campus network deployments led by Amazon and Helium. </p> <p>Gross margin increased 70bps quarter-over-quarter to 64.5% and is expected to trend higher through 2023 on the favorable mix. </p>

NASDAQ:SMTC

https://financialmodelingprep.com/market-news/fmp-semtech-corporation-shares-up-4-following-q4-results

Davit Kirakosyan

Financial Modeling Prep

ThredUp Inc’s Review Following Recent Q4 Results

2022-03-17 15:47:00

Analysts at Berenberg Bank provided their views on <a href='https://financialmodelingprep.com/financial-summary/TDUP'>ThredUp Inc. (NASDAQ:TDUP)</a> following the company’s Q4 results reported on March 7.</p> <p>The analysts believe underwhelming progress on margins coupled with in-line 2022 revenue guidance has not been enough to pique investor interest since the earning release.</p> <p>Given its technology angle, year-to-date underperformance in tech stocks also hasn’t helped the stock, as investors appear to be rotating out of unproven consumer-tech names. </p> <p>While the analysts expect the company to leverage proprietary technology to participate in a structurally growing resale market, their optimism is offset to some degree by concerns around potential take rate pressures impacting its path to profitability. The analysts lowered their price target to $8 from $21, while maintaining their hold rating.</p>

NASDAQ:TDUP

https://financialmodelingprep.com/market-news/fmp-thredup-inc’s-review-following-recent-q4-results

Davit Kirakosyan

Financial Modeling Prep

CarLotz Reports Q4 Results, Appoints New CEO

2022-03-17 06:57:00

<p><a href='https://financialmodelingprep.com/financial-summary/LOTZ'>CarLotz, Inc. (NASDAQ:LOTZ) </a>reported its Q4 results, with EPS of ($0.12) coming in better than the consensus estimate of ($0.15). Revenue was $83.1 million, compared to the consensus estimate of $72.95 million.</p> <p>According to the analysts at Deutsche Bank, the quarterly results reflected the ongoing difficult environment for the company’s consignment model, as wholesale used car prices remain at an elevated level and automotive production still impacted by supply chain constraints. </p> <p>Amid deep challenges, the company’s short-term focus will now be on preserving cash through pausing real estate growth as well as cutting G&A expenses, which the analysts view as the prudent strategy in the current vehicle sourcing landscape. </p> <p>The company also announced its co-Founder and CEO Michael Bor will be leaving and replaced by Lev Peker, an executive with deep industry experience.</p>

NASDAQ:LOTZ

https://financialmodelingprep.com/market-news/fmp-carlotz-reports-q4-results-appoints-new-ceo

Davit Kirakosyan

Financial Modeling Prep

Smartsheet Shares Up 6% Following Q4 Results

2022-03-16 14:04:00

<p><a href='https://financialmodelingprep.com/financial-summary/SMAR'>Smartsheet Inc. (NYSE:SMAR) </a>shares were trading more than 6% higher Wednesday afternoon following the company’s reported Q4 results, with EPS of ($0.12) coming in better than the Street estimate of ($0.15). Quarterly revenue increased 43% year-over-year to $157.4 million, better than the Street estimate of $151.66 million. The company expects full 2023-year EPS to range from ($0.70) to ($0.62), worse than the consensus estimate of ($0.27). Revenue is expected to be $750-755 million, compared to the consensus estimate of $730.11 million.</p> <p>Despite strong results, the company announced a ramp-up in sales and marketing spend that would contract margins by 5pp this year. Similar to the view on peers Asana and monday.com, analysts at Berenberg Bank believe the investments are needed for Smartsheet to capture share in a relatively unpenetrated market, and that they are further supported by strong sales efficiency metrics. </p>

NYSE:SMAR

https://financialmodelingprep.com/market-news/fmp-smartsheet-shares-up-6-following-q4-results

Davit Kirakosyan

Financial Modeling Prep

Zebra Technologies Intends to Acquire Matrox Imaging For $875 Million

2022-03-16 14:01:00

<p><a href='https://financialmodelingprep.com/financial-summary/ZBRA'>Zebra Technologies Corporation (NASDAQ:ZBRA) </a>made an announcement today, according to which it intends to acquire Matrox Imaging, a machine vision company, for $875 million using both cash and financing under its credit facility. Matrox manufactures higher-end machine vision cameras, systems and related software. The company generates around $100 million in annual sales, implying a valuation of 8.8x on EV/sales. </p> <p>Zebra Technologies Corporation expects the deal to be immediately accretive to earnings given that Matrox’s gross margins are meaningfully higher than that of Zebra’s.</p> <p>Analysts at Berenberg Bank believe Matrox will add around 1% to Zebra’s sales in both 2022 and 2023 with the closing of the deal expected in 2022. While Matrox will only add modestly to near-term growth, the analysts believe it creates a larger platform for Zebra to add further acquisitions and accelerate its expertise in the area.</p>

NASDAQ:ZBRA

https://financialmodelingprep.com/market-news/fmp-zebra-technologies-intends-to-acquire-matrox-imaging-for-$875-million

Davit Kirakosyan

Financial Modeling Prep

TransUnion Shares Up 4% Following Investor Day

2022-03-16 13:58:00

<p><a href='https://financialmodelingprep.com/financial-summary/TRU'>TransUnion (NYSE:TRU) </a>shares were trading more than 4% higher Wednesday afternoon following the company’s investor day. The company unveiled robust mid-term targets of 8-10% OCC revenue growth, around 100bps of annual margin expansion, and around 15% EPS growth as well as over $3 billion in cumulative FCF with 90% conversion (of ANI) by 2025. </p> <p>Importantly, the company’s internal plans are higher than the mid-term targets and it expects to come in at the upper end of the range, which sets up for beat-and-raise going forward. Digital transformation, differentiated data assets as well as expansion in high growth verticals of Marketing (around 17% CAGR), Fraud (around 11% CAGR), Credit/Risk (around 8% CAGR) bodes well for growth.</p>

NYSE:TRU

https://financialmodelingprep.com/market-news/fmp-transunion-shares-up-4-following-investor-day

Davit Kirakosyan

Financial Modeling Prep

Near Term Headwinds For Estée Lauder

2022-03-16 13:56:00

<p><a href='https://financialmodelingprep.com/financial-summary/EL'>The Estée Lauder Companies Inc. (NYSE:EL) </a>shares lost around 30% since the start of the year, which, according to analysts at Oppenheimer, is attributable both geopolitical pressures and, more recently, China COVID-19 headwinds.</p> <p>The analysts expect the China lockdowns to impact the company more materially near term. As a result, the analysts adjusted their estimates to reflect potential headwinds in Mainland China/travel retail related to COVID-19, a modest adverse impact related to Ukraine/Russia, and a stronger US dollar. The analyst lowered their price target on the company’s shares to $300 from $350. </p> <p>The analysts view current levels as an attractive entry point for longer-term players but find it harder to call a bottom given greater modeling risks and valuation above trough levels.</p>

NYSE:EL

https://financialmodelingprep.com/market-news/fmp-near-term-headwinds-for-estée-lauder

Davit Kirakosyan

Financial Modeling Prep

What to Expect From Dollar General’s Q4 Results?

2022-03-16 07:05:00

<p>Analysts at Oppenheimer provided their views on <a href='https://financialmodelingprep.com/financial-summary/DG'>Dollar General Corporation (NYSE: DG) </a>ahead of the company’s Q4 earnings results, expected to be reported on March 17.</p> <p>The analysts believe Street estimates remain aggressive. Fundamental pressures have intensified from more severe cost headwinds to less favorable stimulus tailwinds. As a result, the analysts lowered their forecasts to primarily reflect greater gross margin contraction. </p> <p>The analysts believe the company could introduce full 2022-year EPS guidance in the range of $10.20-10.30, compared to the Street estimate of $11.11. The analysts lowered their price target on the company’s shares to $240 from $270, while maintaining their outperform rating.</p> <p>Historically, the company’s shares have struggled on the print, declining on seven of the past eight earnings reports. The analysts suggest taking advantage of any weakness in the print.</p>

NYSE:, DG

https://financialmodelingprep.com/market-news/fmp-what-to-expect-from-dollar-general’s-q4-results?

Davit Kirakosyan

Financial Modeling Prep

Abra CEO Expects Ethereum to Reach $40,000

2022-03-16 07:02:00

<p>Bill Barhydt, the CEO of crypto trading platform Abra, shared his views on cryptocurrencies during an interview with CNBC Friday, mentioning that he is more bullish on Ethereum than Bitcoin.</p> <p>Barhydt expects Ethereum price to reach $40,000, noting that its use cases “are through the roof”. He believes the network effects for Ethereum, which are based on this idea that it could become the world’s computers, are more bullish in the short-term given the use cases that are just starting to play out.</p> <p>Barhydt expects a massive influx of people who want to hold Ethereum with the staking coming. If the gas/transaction fees decrease, which is the promise of the proof-of-stake, all of the obstacles of those network effects are eliminated.</p>

ETH-USD

https://financialmodelingprep.com/market-news/fmp-abra-ceo-expects-ethereum-to-reach-$40000-

Davit Kirakosyan

Financial Modeling Prep

Coupa Software Shares Down 19% on Worse Than Expected Outlook

2022-03-15 12:51:00

<p><a href='https://financialmodelingprep.com/financial-summary/COUP'>Coupa Software Incorporated (NASDAQ:COUP) </a>shares plunged more than 19% Tuesday afternoon following the company’s reported worse-than-expected outlook for 2023, while Q4 results came in better than expected. EPS was $0.19, compared to the consensus estimate of $0.05, and revenue was $193.3 million, compared to the consensus estimate of $185.68 million. </p> <p>Analysts at Oppenheimer provided their views on the company following the earnings report. While the analysts think there is a lot to like with the company, they mentioned that the story and business have many moving parts and more exposure to Europe than other Smid-Cap SaaS names, and this is leading to significant organic growth deceleration and margin contraction as reminded with the 2023 guidance. </p> <p>The analysts caution investors on getting involved in bottom fishing the company’s shares in the hopes for outsized returns because the bull case or return to 30% growth anytime soon now looks off the table, they see risk to management's medium-term mid-twenty's organic growth guidance, and few near-term catalysts.</p>

NASDAQ:COUP

https://financialmodelingprep.com/market-news/fmp-coupa-software-shares-down-19-on-worse-than-expected-outlook

Davit Kirakosyan

Financial Modeling Prep

Vail Resorts Shares Up 5% Following Q2 Results, Raises Guidance

2022-03-15 12:47:00

<p><a href='https://financialmodelingprep.com/financial-summary/MTN'>Vail Resorts, Inc. (NYSE:MTN) </a>shares rose around 5% Tuesday morning despite the company’s reported Q2 results, which came in worse than the consensus estimates. Quarterly EPS and revenue were $5.47 and $906.5 million, compared to the consensus estimates of $5.70 and $960.24 million, respectively. </p> <p>Full 2022 guidance was increased despite the quarterly miss, as $33 million of lift ticket revenue shifts into the April quarter due to the timing of early-season openings. Management also provided clarity on the major topic of labor costs, outlining a comprehensive plan to restore on-mountain staffing to desired levels while also increasing hourly wages and bolstering the company's HR organization. </p> <p>The total cost in 2023, which is estimated to be $175 million above budgeted 2022 levels, likely caught many investors by surprise. Management noted, however, that the entirety of this increase would be expected to be offset by a return to fully normalized/recovered visitation and ancillary spend, pro forma for the Seven Springs acquisition.</p>

NYSE:MTN

https://financialmodelingprep.com/market-news/fmp-vail-resorts-shares-up-5-following-q2-results-raises-guidance

Davit Kirakosyan

Financial Modeling Prep

Affirm Holdings’ Shares Up 4%, Updates Q3 & 2022 Guidance

2022-03-15 12:43:00

<p><a href='https://financialmodelingprep.com/financial-summary/AFRM'>Affirm Holdings, Inc. (NASDAQ:AFRM) </a>shares were trading more than 4% higher Tuesday morning following the company’s pre-announced updated Q3/22 and full 2022-year guidance.</p> <p>For Q3, the company is now expecting GMV of at least $3.71 billion vs. prior guidance of $3.61-$3.71 billion, and revenue of at least $335 million vs. prior guidance of $325-$335 million.</p> <p>For the full 2022-year, GMV is expected to be at least $14.78 billion vs. prior guidance of $14.58-$14.78 billion, and revenue of at least $1.31 billion vs. prior guidance of $1.29-$1.3 billion.</p>

NASDAQ:AFRM

https://financialmodelingprep.com/market-news/fmp-affirm-holdings’-shares-up-4-updates-q3-&-2022-guidance

Davit Kirakosyan

Financial Modeling Prep

Wix.com’s Growth Opportunity is Not Priced In

2022-03-15 12:36:00

<p>Analysts at Berenberg Bank provided their views on <a href='https://financialmodelingprep.com/financial-summary/WIX'>Wix.com Ltd. (NASDAQ:WIX)</a>, seeing the company as well-positioned for the long term, benefiting from multiple trends, such as a broader shift in commerce (offline to online), increased digital penetration, and shift toward no-code platforms.</p> <p>According to the analysts, the company’s growth opportunity (revenue reacceleration or margin uplift prospects) is not priced in the stock price, which is down more than 30% since Q4 results. Q4 earnings and Q1 outlook trailed Street expectations and the Russia/Ukraine conflict has also added to investors’ concerns. </p> <p>Regarding Ukraine, the analysts think the company should be able to manage its operations without much disruption as it relies on a global talent pool. Accounting for softer-than-expected Q4 results and Q1 guidance, the analysts have lowered their estimates and price target to $185 from $269, while maintaining their bullish long-term view and reiterating their buy rating.</p>

NASDAQ:WIX

https://financialmodelingprep.com/market-news/fmp-wixcom’s-growth-opportunity-is-not-priced-in

Davit Kirakosyan

Financial Modeling Prep

What to Expect From Accenture’s Q2 Results?

2022-03-15 07:02:00

<p>Analysts at RBC Capital provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/ACN'>Accenture plc (NYSE:ACN) </a>ahead of the company’s Q2 earnings result, expected to be reported on March 17.</p> <p>The analysts expect the company to report EPS of $2.55, above the Street estimate of $2.37, with macro conditions and any changes to 2022 guidance being of primary interest to investors. </p> <p>Management’s current full 2022-year guidance calls for net revenue growth of 19%– 22% in local currency, 300bps of FX headwinds, 10bps–30bps of year-over-year margin expansion to 15.2%–15.4%, and GAAP EPS of $10.32–$10.60.</p> <p>According to the analysts, the key areas of focus this quarter are (1) macro conditions, especially any changes in IT demand, (2) attrition & other labor costs, (3) bookings growth, and (4) expectations for further M&A.</p>

NYSE:ACN

https://financialmodelingprep.com/market-news/fmp-what-to-expect-from-accenture’s-q2-results?

Davit Kirakosyan

Financial Modeling Prep

ECON Rejects Proof-of-Work Ban

2022-03-15 06:59:00

<p>The Committee on Economic and Monetary Affairs (ECON) voted against the proposed de-facto ban on proof-of-work (POW) based assets for companies in the European Union. Instead, the alternative proposal by European Parliament member Stefan Berger receives support.</p> <p>According to Patrick Hansen, head of strategy at Unstoppable Finance, the rejection of the ban is a big relief and political success for the crypto community in the European Union. </p>

BTC-USD

https://financialmodelingprep.com/market-news/fmp-econ-rejects-proof-of-work-ban

Davit Kirakosyan

Financial Modeling Prep

Coinbase Global Review. There is a Hidden Value in Coinbase Ventures

2022-03-14 16:18:00

<p>Analysts at Oppenheimer provided their views on <a href='https://financialmodelingprep.com/financial-summary/COIN'>Coinbase Global, Inc. (NASDAQ:COIN)</a>, focusing on the hidden value of Coinbase Ventures. With the pressure from rising rates and geopolitical tensions, as well as high correlation with the bitcoin price, the company’s shares appear to be largely driven by macro factors instead of fundamentals. </p> <p>While the analysts believe this phenomenon could persist in the near term, this correlation could break longer term when the company diversifies away from transaction revenue and generates more recurring revenue. The analysts have identified a hidden value in Coinbase Ventures that the market may not have fully appreciated. Based on their analysis, the market value of this portfolio could reach $6.6 billion (or $19/share) vs. the cost basis of $352 million (per Q4/21 balance sheet).</p> <p>While not a financial contributor at this point, Coinbase Ventures’ investments are strategically important to the company to: (1) support the crypto ecosystem allowing for greater adoption, (2) gain insights into emerging technologies, (3) provide a strong pipeline for M&A, and (4) generate attractive ROIC longer term.</p>

NASDAQ:COIN

https://financialmodelingprep.com/market-news/fmp-coinbase-global-review-there-is-a-hidden-value-in-coinbase-ventures

Davit Kirakosyan

Financial Modeling Prep

AT&T Inc’s Investor Day Takeaways

2022-03-14 16:15:00

<p>Analysts at Oppenheimer provided their views on <a href='https://financialmodelingprep.com/financial-summary/T'>AT&T Inc. (NYSE:T) </a>following the company’s investor day. The focus was on network and FCF guidance with minimal discussion on the new competition's tidal wave and technologies. </p> <p>The company gave guidance for 2023 for $44 billion in EBITDA and $20 billion in FCF. Acquiring 120 MHz of Mid-Band spectrum and building 4M new fiber homes per year is the correct strategy, but will likely take longer and be more expensive to upgrade than expected. </p> <p>The company hopes to raise prices and lower expenses. Still, the analysts are skeptical, as they expect major new disruptive competition and expense pressures—cash taxes, interest rates, Capex and Opex inflation, etc.</p>

NYSE:T

https://financialmodelingprep.com/market-news/fmp-at&t-inc’s-investor-day-takeaways

Davit Kirakosyan

Financial Modeling Prep

Docebo Shares Down 5% Following Q4 Results

2022-03-14 16:12:00

<p><a href='https://financialmodelingprep.com/financial-summary/DCBO'>Docebo Inc. (NASDAQ:DCBO) </a>shares closed more than 5% lower on Monday following the company’s Q4 results, with management’s commentary on profitability implying a tough growth backdrop. Quarterly results were solid, with EPS of ($0.04) and revenue of $29.8 million.</p> <p>The company ended the year with $118 million of ARR (59% growth) and a significantly improved NRR of 113% (versus 108% in 2021). While the newly released learning suite remains unproven (management’s commentary indicates only a small contribution to top-line results), analysts at Berenberg Bank believe the company’s continued focus on enterprise customers offers sustainable up-sell opportunities. </p> <p>Major focal points from management’s Q4 call included (1) net new ARR of $14 million in Q4, (2) a meaningful improvement in NRR to 113% due to seat expansions, (3) continued efficiency in the business model, and (4) transition to profitability in the back half of 2022.</p>

NASDAQ:DCBO

https://financialmodelingprep.com/market-news/fmp-docebo-shares-down-5-following-q4-results

Davit Kirakosyan

Financial Modeling Prep

Activision Blizzard Review by Berenberg Bank

2022-03-14 16:10:00

<p>Analysts at Berenberg Bank provided their views on <a href='https://financialmodelingprep.com/financial-summary/ATVI'>Activision Blizzard, Inc. (NASDAQ:ATVI) </a>following the disappointment of the Call of Duty: Vanguard launch in November.</p> <p>The company’s Q4/21 results were particularly disappointing, with net bookings of $2.9 billion, falling 12% short of Street estimates and adjusted EPS of $1.25 coming in 4.6% short of expectations. Given the acquisition process that is underway with Microsoft, no guidance was given for the full 2022-year. </p> <p>The company’s management has taken the decision not to release a new Call of Duty in 2023 – the first year since 2005 that a new iteration of the franchise has not been released. The plan is to give this year’s planned Modern Warfare release a longer tail, driving more in-game revenue while ensuring Warzone engagement is not cannibalizing unit sales for a new release. </p>

NASDAQ:ATVI

https://financialmodelingprep.com/market-news/fmp-activision-blizzard-review-by-berenberg-bank

Davit Kirakosyan

Financial Modeling Prep

Rivian Automotive Shares Drop 7% on Q4 Results & Disappointing Outlook

2022-03-12 11:42:00

<p><a href='https://financialmodelingprep.com/financial-summary/RIVN'>Rivian Automotive, Inc. (NASDAQ:RIVN) </a>shares closed more than 7% lower on Friday following the company’s reported Q4 results and a weak outlook. Quarterly EPS came in at ($2.43), worse than the Street estimate of ($1.64). Revenue was $54 million, compared to the Street estimate of $61.18 million.</p> <p>The disappointing 2022 outlook reflects largely predictable delays ramping up vehicle production amid challenges from its supply chain, but also steep cost pressures from input costs in the current inflationary environment, which it cannot offset with pricing following the backlash around its proposed price increase. </p> <p>The company is now expecting 2022 production to be only 25,000 units, which would still require meaningful improvement in supply availability and production cadence.</p> <p>Analysts at Deutsche Bank expect larger margin headwinds to persist well into next year, reflecting limited ability to offset higher input costs and higher investment expenses, and now forecast EBITDA losses of $4.98 billion/$3.48 billion for 2022 and 2023, respectively. </p>

NASDAQ:RIVN

https://financialmodelingprep.com/market-news/fmp-rivian-automotive-shares-drop-7-on-q4-results-&-disappointing-outlook

Davit Kirakosyan

Financial Modeling Prep

What to Expect From Semtech Corporation’s Q4 Results?

2022-03-12 11:36:00

<p>Analysts at Oppenheimer provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/SMTC'>Semtech Corporation (NASDAQ:SMTC) </a>ahead of the company’s Q4 earnings results, which are expected to be reported on March 16.</p> <p>The analysts expect upside to consensus Q4 revenue/EPS of $189 million/$0.69 and Q1 of $192 million/$0.70. The analysts expect 2021 LoRa sales up 50% to $130 million with a revenue funnel approaching $1 billion. Management expects 40% of the LoRa funnel will convert to sales over the next two years. The analysts believe LoRa is booked for 40% growth this year as backlog grows and supply improves. </p> <p>Sidewalk Bridge, from lead customer Amazon, extends LoRa reach to smart city/campus networks. Cloud geolocation services are also ramping at Tencent. DC and BTS benefit in the first half of the year from accelerated hyperscaler and carrier spend. The analysts see LoRa, DC, and 5G supporting a $1 billion revenue run-rate by 2024.</p>

NASDAQ:SMTC

https://financialmodelingprep.com/market-news/fmp-what-to-expect-from-semtech-corporation’s-q4-results?

Davit Kirakosyan

Financial Modeling Prep

General Electric’s Review Following 2022 Outlook Meeting

2022-03-12 11:33:00

<p>Analysts RBC Capital provided their views on <a href='https://financialmodelingprep.com/financial-summary/GE'>General Electric Company (NYSE:GE)</a> following the company’s hosted in-person 2022 Outlook meeting on March 10.</p> <p>Among the key takeaways, the analysts mentioned that the three-way separation is on track, 2022 guidance was reaffirmed, and the manufacturing tour showcased significant Lean Manufacturing productivity success that the company is realizing under chairman/CEO Larry Culp’s sweeping transformation. </p> <p>According to the analysts, the majority of the company’s new 2022 and 2023 segment framework was mostly as expected. There were no stock-moving new disclosures. The analysts continue to believe there is upside ahead on faster breakup timing and potential for value-creating divestitures vs. the base case three-way split.</p>

NYSE:GE

https://financialmodelingprep.com/market-news/fmp-general-electric’s-review-following-2022-outlook-meeting

Davit Kirakosyan

Financial Modeling Prep