Macy's (M) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
ZACKS· 2025-08-27 15:01
Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for Macy's due to lower revenues, with a focus on how actual results compare to estimates impacting stock price [1][2] Earnings Expectations - Macy's is expected to report quarterly earnings of $0.19 per share, reflecting a year-over-year decrease of 64.2% [3] - Revenue projections stand at $4.74 billion, which is a 4% decline from the previous year [3] Estimate Revisions - The consensus EPS estimate has been revised 8.62% higher in the last 30 days, indicating a reassessment by analysts [4] - A positive Earnings ESP of +7.53% suggests analysts have recently become more optimistic about Macy's earnings prospects [12] Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive reading is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [10] - Macy's currently holds a Zacks Rank of 3, indicating a likelihood of beating the consensus EPS estimate [12] Historical Performance - In the last reported quarter, Macy's exceeded the expected earnings of $0.14 per share by delivering $0.16, resulting in a surprise of +14.29% [13] - Over the past four quarters, Macy's has beaten consensus EPS estimates three times [14] Conclusion - While Macy's is positioned as a compelling earnings-beat candidate, other factors should also be considered when evaluating the stock ahead of its earnings release [17]
GIGA-42 Signs MoU for Hyperscale AI Data Centre in Iceland
Globenewswire· 2025-08-27 15:01
Group 1 - Global InterConnection Group Limited has formed a joint venture named GIGA-42 Holdings Limited [1] - GIGA-42 has signed a Memorandum of Understanding with Norðurþing Municipality in Iceland [1] - The collaboration aims to develop a large-scale, AI-optimised data centre at Bakki, Húsavík [1]
Boeing CEO Kelly Ortberg to Speak at Morgan Stanley Laguna Conference September 11
Prnewswire· 2025-08-27 15:00
ARLINGTON, Va., Aug. 27, 2025 /PRNewswire/ -- Boeing [NYSE: BA] President and Chief Executive Officer Kelly Ortberg will speak at the Morgan Stanley Laguna Conference on September 11 at 11:30 a.m. PT. The event webcast, as well as a subsequent transcript, can be accessed on the Events and Presentations section of www.boeing.com/investors. Participants are encouraged to verify access to the webcast prior to the start of the event. Contact Investor Relations [email protected] Boeing Media Relations [email pro ...
Token Cat Limited Announces Announces Planned ADS Ratio Change
Globenewswire· 2025-08-27 15:00
Company Overview - Token Cat Limited, formerly known as TuanChe Limited, is a leading automotive marketplace in China, founded in 2010 [5] - The company connects automotive consumers with manufacturers, dealers, and service providers, offering comprehensive marketing and transaction services [5] - Token Cat utilizes an interactive many-to-many model to transform individual car purchases into large-scale group buying experiences [5] - The company is exploring entry into the cryptocurrency sector [5] ADS Ratio Change Announcement - Token Cat plans to change the ratio of its American depositary shares (ADSs) from 1 ADS representing 240 Class A ordinary shares to 1 ADS representing 4,800 Class A ordinary shares, effective on or about August 29, 2025 [1][2] - This change will effectively act as a one-for-twenty reverse ADS split for ADS holders [2] - The exchange of existing ADSs for new ADSs will occur automatically, with no action required from holders [2] Fractional ADSs and Trading - No fractional new ADSs will be issued; instead, fractional entitlements will be aggregated and sold, with net cash proceeds distributed to ADS holders [3] - There will be no change to the Company's Class A ordinary shares, and the ADSs will continue to trade on the Nasdaq Capital Market under the symbol "TC" [4] - The ADS price is expected to increase proportionally as a result of the ADS Ratio Change, although no assurance can be given regarding the price post-change [4]
Power Solutions International and HD Hyundai Infracore Partner to Expand Industrial Engine Offerings in North America
Globenewswire· 2025-08-27 15:00
Core Insights - Power Solutions International, Inc. has entered into a cooperative agreement with HD Hyundai Infracore to enhance its engine offerings with advanced Tier 4 and Euro Stage V diesel engines [1][2] - The partnership will enable PSI to market, develop, and distribute HDI's diesel engines across North America, providing integration services and turn-key power units [2][3] - This collaboration aims to broaden PSI's range of high-performance engine solutions for industrial OEMs, enhancing power, performance, and efficiency [3][4] Company Overview - Power Solutions International, Inc. specializes in designing, engineering, and manufacturing advanced, emission-certified engines and power systems [6] - The company offers integrated turnkey solutions to global OEMs and end-users in various markets, including power systems, industrial, and transportation [6][7] - PSI's capabilities include in-house design, prototyping, engineering, and testing, allowing for customization of engines that can operate on multiple fuel types [6][7] Market Position - The partnership with HD Hyundai Infracore is expected to provide a competitive advantage in penetrating large OEMs and end-user markets [4] - PSI's industrial market includes applications such as forklifts, agricultural equipment, and construction machinery, while its transportation market serves specialized vehicles like military and port equipment [7]
Apply Now: Accessibility Improvement Grant Portal Opens for L.A. Interim Housing Providers
Prnewswire· 2025-08-27 15:00
"Delivering housing solutions for people with disabilities has always been at the forefront of our mission," said William F. Pickel, CEO of Brilliant Corners. "Increasing accessibility at interim housing sites is a win-win for our community as a whole. We are helping our interim housing providers—a vital resource for our unsheltered neighbors—serve a population that has historically faced significant challenges in accessing appropriate housing options. And for our unsheltered neighbors with disabilities, th ...
PowerSecure celebrates 25 years of innovation and resilient energy solutions
Prnewswire· 2025-08-27 15:00
Over the past two decades, PowerSecure has deployed more than 2,500 microgrid systems with a 97.9% reliability rating, delivering resilient energy solutions that provide customers with options for returns on investment and meaningful carbon reduction. The company is also a proven provider of multi-measure energy efficiency projects with over $1 billion in engineered, installed and commissioned projects reducing energy and carbon footprint for our customers. DURHAM, N.C., Aug. 27, 2025 /PRNewswire/ -- PowerS ...
Taiwan Semiconductor: Ultra Bullish On Nvidia's (Likely) B30/B30A To China
Seeking Alpha· 2025-08-27 14:58
Small deep value individual investor, with a modest private investment portfolio, split approx. 50%-50% between shares and call options. I have a B.Sc. in aeronautical engineering and over 6 years of experience as an engineering consultant in the aerospace sector. The latter statement is not relevant in any way whatsoever to my investment style, but I thought to add it for self-indulgent purposes. I have a contrarian investment style, highly risky, and often dealing with illiquid options. How illiquid? Well ...
Life Time Foundation Enables Lifetime Skill via Gift of Bikes to 10 Schools
Newsfilter· 2025-08-27 14:56
Each of the Life Time-funded schools will receive teacher training and certification, a comprehensive curriculum, a fleet of 24 Strider balance-to-pedal bikes, pedal conversion kits, helmets, an instructor bike, two rolling storage racks, and access to live support for the life of the program. Over the next decade, approximately 1,000 kindergarteners at each school will develop confidence, independence, and lifelong health benefits of learning to ride a bike as part of their PE curriculum. "All Kids Bike is ...
Wall Street Analysts See a 41.42% Upside in Payoneer Global (PAYO): Can the Stock Really Move This High?
ZACKS· 2025-08-27 14:55
Payoneer Global Inc. (PAYO) closed the last trading session at $6.76, gaining 2.3% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $9.56 indicates a 41.4% upside potential.The mean estimate comprises nine short-term price targets with a standard deviation of $1.67. While the lowest estimate of $7.00 indicates a 3.6% increase from the current price level, the most optimistic analyst ...