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Our Blogs
Jul 26, 2024 2:00 PM - Stuart Mooney
Cullen/Frost Bankers, Inc. (NYSE:CFR) Q2 2024 Financial Performance Review
Cullen/Frost Bankers, Inc. (NYSE:CFR), a prominent financial institution with a rich history dating back to 1868, recently disclosed its financial outcomes for the second quarter of 2024. The bank, headquartered in Texas, specializes in providing a broad spectrum of banking, investment, and insuranc...
Jul 26, 2024 10:11 AM - Danny Green
Morgan Stanley Upgrades Hasbro (NASDAQ:HAS) Price Target
Morgan Stanley's analyst Megan Alexander has recently upgraded the price target for NASDAQ:HAS, setting it at $79 from its current trading price of $62.05. This new target suggests a potential upside of 27.32%, indicating a strong confidence in Hasbro's future performance. The adjustment was announc...
Jul 26, 2024 5:44 AM - Davit Kirakosyan
Dexcom Cuts Guidance After Q2 Revenue Miss; Shares Plummet Over 36%
Dexcom (NASDAQ:DXCM) significantly revised its guidance downward after its second-quarter revenue failed to meet expectations, citing weaker execution of essential strategies. Following this announcement, the company's shares plummeted over 36% in pre-market today. The diabetes management firm adjus...
Jul 26, 2024 5:41 AM - Davit Kirakosyan
Deckers Outdoor Raises Guidance on Strong Q1 Results, Shares Jump 11%
Deckers Outdoor Corporation (NYSE:DECK) raised its guidance after reporting better-than-expected results for the first quarter, driven by strong demand for its Hoka and Ugg brands. Following the announcement, the company's shares jumped 11% in pre-market today. For the quarter, Deckers reported earn...
Jul 26, 2024 5:39 AM - Davit Kirakosyan
Baird Downgrades Huntington Bancshares to Neutral After Recent Stock Surge
Baird analysts downgraded Huntington Bancshares (NASDAQ:HBAN) to Neutral from Outperform, setting a price target of $15 on the stock. The analysts explained the downgrade by pointing out that while Huntington Bancshares is a high-quality bank, the recent surge in the regional banking sector makes it...
Jul 26, 2024 5:37 AM - Davit Kirakosyan
DoorDash Started with Buy Rating at Redburn-Atlantic
Redburn-Atlantic analysts initiated coverage on DoorDash (NASDAQ:DASH) with a Buy rating and set a price target of $170, representing a potential upside of 66% from the current price. The analysis highlights DoorDash's strong position in the market, attributing this to the company's significant inve...
Jul 26, 2024 5:34 AM - Davit Kirakosyan
Morgan Stanley Downgrades WW International to Equalweight, Shares Drop 3%
WW International Inc (NASDAQ:WW) shares fell more than 3% pre-market today after Morgan Stanley analysts downgraded the company to Equalweight from Overweight and significantly reduced the price target to $1.25 from $6.50. The analysts highlighted significant challenges for WW, pointing out broad is...
Jul 26, 2024 5:32 AM - Davit Kirakosyan
American Airlines Slashes Full-Year Guidance Despite Slight Q2 Earnings Beat
American Airlines (NASDAQ:AAL) slashed its full-year earnings guidance, overshadowing a minor beat in second-quarter earnings. The airline reported adjusted earnings of $1.09 per share, slightly surpassing the analyst estimate of $1.07. However, quarterly revenue fell short of expectations, coming i...
Jul 25, 2024 9:05 AM - Davit Kirakosyan
STMicroelectronics Shares Fall 12% After Lowering Full-Year Revenue Outlook
Shares of STMicroelectronics (NYSE:STM) plummeted more than 12% in pre-market today after the semiconductor firm revised its full-year outlook, now projecting revenues between $13.2 billion and $13.7 billion with an approximate gross margin of 40%. The company reported net revenues of $3.23 billion ...
Jul 25, 2024 8:59 AM - Davit Kirakosyan
Royal Caribbean Tops Q2 Earnings Expectations, Raises Full-Year Guidance, But Shares Fall
Royal Caribbean (NYSE:RCL) announced its second-quarter results on Thursday, exceeding analyst expectations with an adjusted EPS of $3.21, higher than the Street estimate of $2.75. The cruise line operator reported revenue of $4.1 billion, surpassing the consensus estimate of $4.04 billion. Despite ...
Jul 25, 2024 8:54 AM - Davit Kirakosyan
ServiceNow Shares Soar 6% Following Raised Annual Subscription Guidance and Strong Q2 Results
ServiceNow (NYSE:NOW) experienced a notable increase of more than 6% in its share price pre-market today following the announcement of higher annual subscription guidance and impressive fiscal Q2 results. The software company also revealed that COO CJ Desai had left, with Chris Bedi stepping in as i...
Jul 25, 2024 8:46 AM - Davit Kirakosyan
Chipotle Gains 2% on Strong Q2 Earnings and Margins
Chipotle Mexican Grill (NYSE:CMG) saw its shares surge by more than 2% in pre-market today following a strong second-quarter performance that exceeded Wall Street expectations, highlighted by an impressive earnings beat and a notable margin increase. The fast-casual restaurant chain reported an adju...
Jul 25, 2024 8:39 AM - Davit Kirakosyan
Ford Stock Plummets 12% After Q2 Profit Misses Expectations
Ford Motor Company (NYSE:F) reported a disappointing second quarter with an EPS of $0.47, falling short of the analyst estimate of $0.68. The company's revenue for the quarter reached $47.8 billion, below the Street estimate of $48.09 billion. In response to the earnings miss, Ford's stock dropped b...
Jul 25, 2024 8:35 AM - Davit Kirakosyan
Tesla Shares Dip 12% as Q2 Earnings Miss Estimates
Tesla Inc (NASDAQ:TSLA) shares dropped more than 12% yesterday after the company announced mixed results for its second quarter with earnings missing expectations while revenue surpassed forecasts. The electric vehicle manufacturer also confirmed its timeline to begin production of new, cost-effecti...
Jul 25, 2024 1:03 AM - Danny Green
Essential Properties Realty Trust, Inc. (NYSE:EPRT) Earnings Report Highlights
On Wednesday, July 24, 2024, Essential Properties Realty Trust, Inc. (NYSE:EPRT) reported its earnings after the market closed, revealing an earnings per share (EPS) of $0.29, which fell short of the estimated $0.43. However, the company's revenue stood at $109.27 million, surpassing the estimated $...
Jul 25, 2024 1:00 AM - Alex Lavoie
Franklin Resources Inc. (NYSE:BEN) Gears Up for Fiscal Third-Quarter Earnings Release
Franklin Resources Inc. (NYSE:BEN), a key player in the asset management industry, is gearing up to release its fiscal third-quarter earnings report for 2024 on July 26, before the market opens. This report is highly anticipated as it provides insights into the company's financial health and operati...
Jul 25, 2024 12:06 AM - Andrew Wynn
SouthState Corporation (NYSE:SSB) Surpasses Earnings and Revenue Estimates
On Wednesday, July 24, 2024, SouthState Corporation (NYSE:SSB) reported its earnings after the market closed, showcasing an impressive performance that exceeded expectations. The company, a key player in the financial services industry, particularly within the Zacks Financial - Miscellaneous Service...
Jul 25, 2024 12:00 AM - Andrew Wynn
Centene Corporation's Upcoming Earnings Report: A Critical Look
Centene Corporation (NYSE:CNC), a leading health insurer, is gearing up to release its quarterly earnings report on Friday, July 26, 2024, before the market opens. This announcement is highly anticipated by investors and analysts alike, as it provides a snapshot of the company's financial health and...
Jul 24, 2024 11:00 PM - Danny Green
Rollins, Inc. (NYSE:ROL) Q2 2024 Earnings Overview
Rollins, Inc. (NYSE:ROL), a prominent player in the pest and termite control industry, reported its earnings for the second quarter of 2024 on Wednesday, July 24, after the market closed. The company, known for operating Orkin among other brands, revealed an earnings per share (EPS) of $0.2671, slig...
Jul 24, 2024 10:06 PM - Alex Lavoie
RBC Capital Updates Rating on Cadence Bank (NYSE:CADE)
On Wednesday, July 24, 2024, RBC Capital updated its stance on Cadence Bank (NYSE:CADE), moving its rating to "Sector Perform" and maintaining a hold position on the stock. This decision reflects a nuanced view of the bank's current status and future prospects, with the stock priced at $33.12 at the...
