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Prestige Consumer Q4 Earnings Miss, Operating Margin Falls

May 16, 2024 author 0

Prestige Consumer Healthcare Inc. (NYSE: PBH) delivered fourth-quarter fiscal 2024 earnings per share of $1.02, a 4.7% decline from the year-ago period’s figure. The metric also missed the Zacks Consensus Estimate by 10.5%. GAAP EPS for the quarter was 98 cents, a significant improvement from the year-ago loss of $4.78 per share. For the full year, […]

Earnings Beat

The Bank of New York Mellon Up 8% Since Last Earnings Report: Can It Continue?

May 16, 2024 author 0

A month has gone by since the last earnings report for The Bank of New York Mellon Corporation (NYSE: BK). Shares have added about 8% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is The Bank of New York Mellon due […]

Upgrades

All You Need to Know About Carrols Restaurant Rating Upgrade to Buy

May 16, 2024 author 0

Carrols Restaurant Group (NASDAQ: TAST) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates — one of the most powerful forces impacting stock prices — has triggered this rating change. A company’s changing earnings picture is at the core of […]

Upgrades

Palmer Square Capital BDC Inc. Upgraded to Strong Buy: What Does It Mean for the Stock?

May 16, 2024 author 0

Palmer Square Capital BDC Inc. (NYSE: PSBD) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates — one of the most powerful forces impacting stock prices. A company’s changing earnings picture is at the core […]

Upgrades

Milestone Pharmaceuticals Upgraded to Buy: Here’s What You Should Know

May 16, 2024 author 0

Milestone Pharmaceuticals (NASDAQ: MIST) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates — one of the most powerful forces impacting stock prices. A company’s changing earnings picture is at the core of the Zacks rating. […]

Upgrades

Camtek Moves to Strong Buy: Rationale Behind the Upgrade

May 16, 2024 author 0

Investors might want to bet on Camtek (NASDAQ: CAMT), as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates — one of the most powerful forces impacting stock prices. The Zacks rating relies solely on a company’s changing earnings […]

Earnings Miss

What Drove Hut 8 Earnings Beat? 4 Analysts Provide Their Q1 Takeaways

May 16, 2024 author 0

Hut 8 Corp (NASDAQ:HUT) reported financial results Wednesday after merging with U.S. Bitcoin Corporation (USBTC) in November 2023. The results came amid an exciting earnings season. Here are some key analyst takeaways. Needham analyst John Todaro maintained a Buy rating, while raising the price target from $12 to $13. H.C. Wainwright analyst Mike Colonnese reiterated […]

Earnings Miss

How Cisco Systems Performed Ex-Splunk, 8 Analysts Weigh In On Q3 Earnings: Here’s Where ‘Upside Primarily Came From’

May 16, 2024 author 0

Shares of Cisco Systems Inc (NASDAQ:CSCO) declined in early trading on Thursday, even after the company reported stronger-than-expected results for its fiscal third quarter. The results came amid an exciting earnings season. Here are some key analyst takeaways. Goldman Sachs analyst Michael Ng maintained a Neutral rating, while reducing the price target from $50 to […]

Downgrades

Occidental Petroleum Could Offer ‘Minimal Shareholder Return’: Analyst

May 16, 2024 author 0

Shares of Occidental Petroleum Corp (NYSE:OXY) have been in focus due to the delay in the CrownRock deal. The Houston-based oil and gas company is likely to have “solid” production upside in the back half of the year, “driven by organic and external Permian activity as the company ramps activity, according to Truist Securities. The […]

Earnings Miss

Cannabis-Focused Software Co. Springbig Sees Slight Q1 Revenue Decline But Improves Net Loss, Keeps Full Year Financial Guidance

May 16, 2024 author 0

Florida-based software and cannabis marketing company Springbig Holdings, Inc. (OTCQX:SBIG) released its first quarter 2024 financial figures and announced the appointment to the board of Mark Silver, president of Optus Capital Corporation and a key player in the company’s January debt refinancing. Paul Sykes, CFO, remarked on achieving a positive adjusted EBITDA for the first […]

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