8x8 (EGHT) Q4 Earnings Match Estimates
ZACKS· 2025-05-19 22:21
Group 1: Earnings Performance - 8x8 reported quarterly earnings of $0.08 per share, matching the Zacks Consensus Estimate, and consistent with earnings from the previous year [1] - The company had revenues of $177.04 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 0.56% and down from $179.41 million a year ago [2] - Over the last four quarters, 8x8 has surpassed consensus EPS estimates two times and topped consensus revenue estimates just once [2][3] Group 2: Stock Performance and Outlook - 8x8 shares have declined approximately 32.2% since the beginning of the year, contrasting with the S&P 500's gain of 1.3% [3] - The future performance of 8x8's stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [4][6] - The current consensus EPS estimate for the upcoming quarter is $0.11 on revenues of $177.61 million, and for the current fiscal year, it is $0.37 on revenues of $716.4 million [7] Group 3: Industry Context - The Internet - Software industry, to which 8x8 belongs, is currently ranked in the top 29% of over 250 Zacks industries, indicating a favorable industry outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact 8x8's stock performance [5]
Pegasystems Set to Join S&P MidCap 400
Prnewswire· 2025-05-19 22:17
Core Points - Pegasystems Inc. will replace Nordstrom Inc. in the S&P MidCap 400 effective May 22, 2025 [1] - The acquisition of Nordstrom by the Nordstrom family and El Puerto de Liverpool S.A.B. de C.V. is expected to be completed on May 20, 2025 [1] Summary by Category Index Changes - Pegasystems (PEGA) will be added to the S&P MidCap 400 [1] - Nordstrom (JWN) will be removed from the S&P MidCap 400 [1] Company Information - Pegasystems operates in the Information Technology sector [1] - Nordstrom operates in the Consumer Discretionary sector [1]
Agilysys (AGYS) Q4 Earnings and Revenues Surpass Estimates
ZACKS· 2025-05-19 22:16
Group 1 - Agilysys reported quarterly earnings of $0.54 per share, exceeding the Zacks Consensus Estimate of $0.26 per share, and showing an increase from $0.32 per share a year ago, resulting in an earnings surprise of 107.69% [1] - The company achieved revenues of $74.27 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 4.20%, and up from $62.22 million year-over-year [2] - Agilysys has outperformed consensus EPS estimates in all four of the last quarters [2] Group 2 - The stock has underperformed the market, losing approximately 34.7% since the beginning of the year, while the S&P 500 has gained 1.3% [3] - The current consensus EPS estimate for the upcoming quarter is $0.37 on revenues of $73.98 million, and for the current fiscal year, it is $1.63 on revenues of $317.63 million [7] - The Computer - Integrated Systems industry, to which Agilysys belongs, is currently ranked in the top 39% of over 250 Zacks industries, indicating a favorable industry outlook [8]
TAT Technologies Reports First Quarter 2025 Results
Prnewswire· 2025-05-19 22:16
Core Insights - TAT Technologies Ltd. reported a revenue growth of 23.6% and a net profit increase of 80.7% for Q1 2025 compared to the same period in 2024, demonstrating strong financial performance and market demand [1][3][11]. Financial Performance - Revenue for Q1 2025 reached $42.1 million, up from $34.1 million in Q1 2024 [11]. - Net income increased to $3.8 million in Q1 2025, compared to $2.1 million in Q1 2024 [11]. - Adjusted EBITDA rose by 56.2% to $5.7 million, representing 13.6% of revenue, compared to $3.7 million or 10.8% of revenue in Q1 2024 [11][14]. - Operating income saw an increase of 89.0% to $4.2 million, which is 9.9% of revenue, compared to $2.2 million or 6.5% of revenue in Q1 2024 [11][14]. Strategic Initiatives - The company secured over $52 million in new orders and long-term agreements, increasing its total backlog to $439 million, which provides strong visibility for future growth [3][11]. - TAT Technologies has implemented strategic growth initiatives that have expanded its addressable market and diversified revenue streams, despite facing supply chain challenges [3][11]. Market Position and Operations - TAT operates in the commercial and military aerospace and ground defense industries, providing a range of products and services [1][6]. - The company has a multi-year track record of consistent profitability, achieving double-digit year-over-year growth for the last three years while expanding profit margins [3][11]. Cash Flow and Financial Health - Cash flow from operating activities was negative at $4.9 million in Q1 2025, compared to negative $3.5 million in Q1 2024 [11][16]. - Total assets increased to $170.9 million as of March 31, 2025, compared to $163.4 million at the end of 2024 [13].
DNUT Shareholder Alert: Robbins LLP Informs Investors of the Krispy Kreme, Inc. Class Action Lawsuit
Prnewswire· 2025-05-19 22:16
Group 1 - A class action has been filed against Krispy Kreme, Inc. for allegedly misleading investors regarding its partnership with McDonald's [1] - The complaint claims that demand for Krispy Kreme products at McDonald's locations declined significantly after the initial marketing launch, impacting average sales [1] - Krispy Kreme reported a net revenue of $375.2 million for Q1 2025, a decline of 15.3%, and a net loss of $33.4 million compared to a net loss of $6.7 million in the prior year [2] Group 2 - The company announced it is reassessing its deployment schedule with McDonald's and has withdrawn its prior full-year outlook due to uncertainty around the partnership [2] - Following the financial results announcement, Krispy Kreme's share price fell by nearly 25%, negatively affecting investors [2] - Shareholders interested in participating in the class action must file their papers by July 15, 2025, to serve as lead plaintiff [3]
Transcat, Inc. (TRNS) Lags Q4 Earnings Estimates
ZACKS· 2025-05-19 22:11
Core Insights - Transcat, Inc. reported quarterly earnings of $0.64 per share, missing the Zacks Consensus Estimate of $0.66 per share, and down from $0.77 per share a year ago, representing an earnings surprise of -3.03% [1] - The company posted revenues of $77.13 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 0.44%, compared to year-ago revenues of $70.91 million [2] - Transcat shares have declined approximately 23.2% since the beginning of the year, contrasting with the S&P 500's gain of 1.3% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.64 on revenues of $73.8 million, and for the current fiscal year, it is $2.63 on revenues of $306.01 million [7] - The estimate revisions trend for Transcat is mixed, leading to a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market in the near future [6] Industry Context - The Instruments - Control industry, to which Transcat belongs, is currently in the top 39% of over 250 Zacks industries, suggesting that stocks in the top 50% outperform those in the bottom 50% by more than 2 to 1 [8] - Another company in the same industry, Thermon Group, is expected to report quarterly earnings of $0.50 per share, reflecting a year-over-year change of +47.1%, with revenues anticipated to be $133.56 million, up 4.6% from the previous year [9][10]
After Nearly Dumping His Entire Portfolio and Buying Puts on Nvidia, Did Famed Investor Michael Burry Just Pull Off Another "Big Short?" It Certainly Looks That Way.
The Motley Fool· 2025-05-19 22:05
Core Insights - Michael Burry, known for his successful bet against the housing market during the Great Recession, has sold nearly all stocks in his fund Scion Asset Management and purchased put options, indicating a potential bearish outlook [2][6][10] Group 1: Burry's Investment Strategy - Burry typically maintains a small portfolio, holding around a dozen stocks, and has recently sold large positions in Chinese companies like Alibaba and JD.Com while also buying put options on these stocks [3][9] - The decision to sell coincided with rising trade tensions between the U.S. and China, suggesting Burry anticipated a market downturn due to tariffs [6][11] - Burry's remaining long position is in Estée Lauder, which has seen a significant decline, and he doubled his investment in the company during the first quarter [9][10] Group 2: Market Context and Reactions - The market experienced a sharp decline in early April, falling nearly 20% from February highs, which aligns with Burry's timing of selling stocks [6][10] - Nvidia, a company heavily impacted by trade tensions and export restrictions, saw its stock price drop significantly but has since recovered following a pause in tariff increases [7][8] - Burry's past behavior indicates he may be short-term bearish while potentially preparing to buy back into the market after a dip, as seen in previous trading patterns [10][11]
PPTA Deadline: PPTA Investors Have Opportunity to Lead Perpetua Resources Corp. Securities Fraud Lawsuit
Prnewswire· 2025-05-19 22:03
Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities of Perpetua Resources Corp. during the specified Class Period of the upcoming lead plaintiff deadline on May 20, 2025, for a class action lawsuit [1][2]. Group 1: Class Action Details - Investors who bought Perpetua securities between April 17, 2024, and February 13, 2025, may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by May 20, 2025 [2]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting its own achievements, including the largest securities class action settlement against a Chinese company at the time [3]. - The firm has been ranked No. 1 for the number of securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions of dollars for investors [3]. Group 3: Case Specifics - The lawsuit alleges that during the Class Period, Perpetua's management provided misleading information regarding the expected initial capital expenditure for the Stibnite Gold Project, downplaying the impact of inflation and other cost factors [4]. - The misleading statements led investors to purchase Perpetua's securities at artificially inflated prices, resulting in damages when the true costs were revealed [4].
Why GitLab Stock Slumped by Nearly 5% on Monday
The Motley Fool· 2025-05-19 22:02
A bearish note in an otherwise bullish industry research report led to a bit of an investor sell-off in GitLab (GTLB -4.99%) stock on Monday. The specialized tech company's shares took a nearly 5% hit as a result, on a day when the S&P 500 index basically traded sideways.Sold on softwareThat report, published in the morning and authored by RBC Capital analyst Matthew Hedberg, was an update of notable software stocks in advance of scheduled quarterly earnings reports from companies in the segment. According ...
Trip.com Group Limited Reports Unaudited First Quarter of 2025 Financial Results
Prnewswire· 2025-05-19 22:00
SINGAPORE, May 19, 2025 /PRNewswire/ -- Trip.com Group Limited (Nasdaq: TCOM; HKEX: 9961) ("Trip.com Group" or the "Company"), a leading global one-stop travel service provider of accommodation reservation, transportation ticketing, packaged tours, and corporate travel management, today announced its unaudited financial results for the first quarter of 2025.Key Highlights for the First Quarter of 2025 International businesses continued to demonstrate robust growth across all segments in the first quarter of ...