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Analysts May Need To Revise Cannabis Stock Projections For 2024: 10 Companies Surpass EBITDA Estimates By $37M

May 14, 2024 author

Cannabis equity analysts may need to revise their 2024 earnings estimates after first-quarter results from major multi-state operators (MSOs). According to a recent report by Viridian Capital Advisors, 10 MSOs surpassed EBITDA estimates by $37 million in the first quarter of 2024, indicating that initial projections may have been too conservative. Q1 Results The report highlights […]

Earnings Beat

Bitdeer Technologies Group Q1 Earnings Meet Estimates

May 13, 2024 author

Bitdeer Technologies Group (NASDAQ: BTDR) came out with quarterly earnings of $0.08 per share, in line with the Zacks Consensus Estimate. This compares to break-even earnings per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this company would post earnings of $0.11 per share when […]

Earnings Beat

Adient Q2 Earnings Beat Estimates, Guidance Revised

May 13, 2024 author

Adient (NYSE: ADNT) reported adjusted earnings per share (ETF:EPS) of 54 cents for the second quarter of fiscal 2024. Earnings rose from 32 cents recorded in the year-ago period and outpaced the Zacks Consensus Estimate of 39 cents. The company generated net sales of $3.75 billion, which decreased 4.1% year over year and missed the […]

Earnings Beat

Canadian Solar Q1 Earnings Beat, Revenues Fall Y/Y

May 11, 2024 author

Canadian Solar, Inc. (NASDAQ: CSIQ) reported first-quarter 2024 earnings of 19 cents per share, which surpassed the Zacks Consensus Estimate of a loss of 34 cents. However, the bottom line declined 84% from the first-quarter 2023 reported figure of $1.19 per share. Revenues Canadian Solar reported revenues of $1.33 billion in the first quarter, which […]

Earnings Beat

Synaptics Q3 Earnings and Revenues Beat Estimates

May 11, 2024 author

Synaptics (NASDAQ: SYNA) came out with quarterly earnings of $0.53 per share, beating the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $1.89 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 6%. A quarter ago, it was expected that […]

Earnings Beat

Stocks Surge On Healthy Earnings Season, Rising Jobless Claims: This Week In The Markets

May 10, 2024 author

It’s been a quiet week in the markets, marked by a dearth of major economic news and a consistent flow of positive indicators from the first-quarter earnings season. As of May 7, 424 companies in the S&P 500 have disclosed their earnings, with 78% surpassing earnings expectations and 61% exceeding revenue forecasts. The S&P 500 […]

Earnings Beat

Stocks Pause On Dismal Consumer Confidence; Yields, Dollar Rise As Inflation Expectations Kick Higher, Bitcoin Sinks: What’s Driving Markets Friday? (CORRECTED)

May 10, 2024 author

Editor’s note: This story has been updated to correct an error in the price action of Charter Communications stock. A worse-than-expected University of Michigan May consumer report halted stock gains on Friday, sparking worries about a potential decline in consumer health amid perceived rising price pressures. The report disclosed that both near-term and long-term inflation […]

Earnings Beat

Cheesecake Factory Q1 Earnings Beat Estimates, Rise Y/Y

May 10, 2024 author

The Cheesecake Factory Incorporated (NASDAQ: CAKE) reported impressive first-quarter fiscal 2024 results, with earnings and revenues beating the Zacks Consensus Estimate. The top and the bottom line increased from the prior-year quarter’s figure. Earnings & Revenue Discussion In the quarter under review, the company reported adjusted earnings per share of 73 cents, beating the Zacks Consensus […]

Earnings Beat

Groupon Beats Q1 Earnings and Revenue Estimates

May 10, 2024 author

Groupon (NASDAQ: GRPN) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of a loss of $0.18 per share. This compares to loss of $0.65 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 133.33%. A quarter ago, it […]

Earnings Beat

Kronos Worldwide Q1 Earnings and Revenues Beat Estimates

May 9, 2024 author

Kronos Worldwide (NYSE: KRO) came out with quarterly earnings of $0.07 per share, beating the Zacks Consensus Estimate of $0.04 per share. This compares to loss of $0.13 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 75%. A quarter ago, it was expected […]

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