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Prestige Consumer Q4 Earnings Miss, Operating Margin Falls

May 16, 2024 author

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

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 […]

Earnings Miss

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

May 16, 2024 author

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

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 […]

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

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 […]

Earnings Beat

Fear & Greed Index In ‘Greed’ Zone; S&P 500 Hits Record High After April Inflation Report

May 16, 2024 author

The CNN Money Fear and Greed index showed further improvement in overall market sentiment, while the index remained in the “Greed” zone on Wednesday. U.S. stocks settled higher on Wednesday, with the S&P 500 surging to a record high level during the session. On the economic data front, U.S. consumer prices rose 0.3% month-over-month in […]

Earnings Miss

Lifeway Foods Q1 Earnings Miss, Sales Beat Estimates

May 15, 2024 author

Lifeway Foods, Inc. (NASDAQ: LWAY) posted first-quarter 2024 results, wherein the top line beat the Zacks Consensus Estimate, while the bottom line missed the same. Both net sales and earnings experienced a year-over-year increase. Amid macro headwinds, LWAY has notably achieved a significant boost in net sales, particularly driven by strategic sales and marketing investments. […]

Earnings Miss

Bitfarms Ltd. Reports Q1 Loss, Lags Revenue Estimates

May 15, 2024 author

Bitfarms Ltd. (NASDAQ: BITF) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to loss of $0.01 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 33.33%. A quarter ago, it […]

Earnings Miss

DHT Holdings Q1 Earnings and Revenues Lag Estimates

May 15, 2024 author

DHT Holdings (NYSE: DHT) came out with quarterly earnings of $0.29 per share, missing the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.23 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -6.45%. A quarter ago, it was expected […]

Earnings Miss

Will Home Depot Continue To Weather Macro Challenges? ‘Continued Softness In Discretionary Projects,’ But ‘Compelling Recovery Opportunity’ Say Analysts

May 15, 2024 author

Home Depot Inc (NYSE:HD) shares were climbing in early trading on Wednesday, despite the company reporting disappointing first-quarter sales. The results came amid an exciting earnings season. Here are some key analyst takeaways. Truist Securities On Home Depot Analyst Scot Ciccarelli reiterated a Buy rating while cutting the price target from $417 to $406. Home […]

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