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Verint Systems Likely To Report Lower Q1 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Benzinga· 2025-06-04 08:48
Group 1 - Verint Systems Inc. is set to release its first-quarter earnings results on June 4, with expected earnings of 23 cents per share, a decrease from 59 cents per share in the same period last year [1] - The company is projected to report quarterly revenue of $194.22 million, down from $221.28 million a year earlier [1] - On May 28, Verint announced a $13 million multi-year deal with a leading U.S. insurance company, which contributed to a 3.4% increase in its share price, closing at $17.81 [2] Group 2 - Analyst Daniel Ives from Wedbush maintained an Outperform rating but reduced the price target from $38 to $30 [5] - Evercore ISI Group's Peter Levine kept an In-Line rating and lowered the price target from $34 to $23 [5] - TD Cowen's Shaul Eyal maintained a Buy rating while cutting the price target from $40 to $36 [5]
Signet Jewelers Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Benzinga· 2025-06-02 13:20
Group 1 - Signet Jewelers Limited is set to release its first-quarter earnings results on June 3, with expected earnings of $1.04 per share, a decrease from $1.11 per share in the same period last year [1] - The company anticipates quarterly revenue of $1.52 billion, slightly up from $1.51 billion a year earlier [1] - In the fourth quarter, Signet reported a sales decline of 5.8% year-on-year to $2.35 billion, surpassing the analyst consensus estimate of $2.33 billion [2] Group 2 - Signet Jewelers shares experienced a 0.5% decline, closing at $66.57 [2] - Analyst Dana Telsey from Telsey Advisory Group maintained a Market Perform rating with a price target of $62 [7] - Wells Fargo analyst Ike Boruchow raised the price target from $60 to $70 while maintaining an Equal-Weight rating [7] - B of A Securities analyst Lorraine Hutchinson cut the price target from $95 to $65, maintaining a Neutral rating [7]
These Analysts Slash Their Forecasts On HP Following Downbeat Earnings
Benzinga· 2025-05-29 15:32
Core Viewpoint - HP Inc reported weaker-than-expected earnings for the second quarter, with adjusted earnings per share missing analyst estimates despite revenue slightly exceeding expectations [1][3]. Financial Performance - HP reported second-quarter revenue of $13.22 billion, surpassing analyst estimates of $13.15 billion [1]. - The company reported adjusted earnings of 71 cents per share, falling short of the expected 80 cents per share [1]. Future Outlook - For the third quarter, HP expects adjusted earnings to be between 68 cents and 80 cents per share, compared to analyst estimates of 90 cents per share [3]. - The full-year adjusted earnings outlook has been revised down from a range of $3.45 to $3.75 per share to a new range of $3 to $3.30 per share, while analysts had anticipated full-year adjusted earnings of $3.49 per share [3]. Market Reaction - Following the earnings announcement, HP shares fell by 6.4%, trading at $25.42 [3]. Analyst Ratings - JP Morgan analyst Samik Chatterjee maintained an Overweight rating on HP but lowered the price target from $30 to $27 [8]. - Barclays analyst Tim Long maintained an Equal-Weight rating and cut the price target from $36 to $28 [8].
Costco Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Benzinga· 2025-05-29 12:34
Core Viewpoint - Costco Wholesale Corporation is set to release its third-quarter earnings results, with expectations of increased earnings and revenue compared to the previous year [1]. Financial Performance - Analysts predict Costco will report quarterly earnings of $4.23 per share, an increase from $3.78 per share in the same quarter last year [1]. - Projected quarterly revenue is expected to be $63.1 billion, up from $58.52 billion a year earlier [1]. - The company beat revenue estimates in the second quarter but has only surpassed analyst estimates in four of the last ten quarters overall [2]. Stock Performance - Costco shares experienced a slight decline of 0.5%, closing at $1,013.14 [3]. Analyst Ratings - Telsey Advisory Group analyst Joseph Feldman maintains an Outperform rating with a price target of $1,100 [8]. - Loop Capital analyst Laura Champine has a Buy rating but reduced the price target from $1,150 to $1,045 [8]. - Stifel analyst Mark Astrachan also holds a Buy rating, lowering the price target from $1,075 to $1,035 [8]. - Evercore ISI Group analyst Greg Melich maintains an Outperform rating and raised the price target from $1,050 to $1,070 [8]. - Truist Securities analyst Scot Ciccarelli has a Hold rating and increased the price target from $935 to $995 [8].
Abercrombie & Fitch Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Benzinga· 2025-05-28 06:48
Group 1 - Abercrombie & Fitch Co. is set to release its first-quarter earnings results on May 28, with expected earnings of $1.33 per share, a decrease from $2.14 per share in the same period last year [1] - The company anticipates quarterly revenue of $1.06 billion, an increase from $1.02 billion a year earlier [1] - In the fourth quarter, Abercrombie & Fitch reported adjusted earnings per share of $3.57, surpassing the analyst consensus of $3.52, with quarterly sales of $1.585 billion exceeding estimates of $1.563 billion [2] Group 2 - Analyst ratings for Abercrombie & Fitch show varied opinions, with Raymond James maintaining an Outperform rating and lowering the price target from $110 to $90 [7] - JP Morgan also maintained an Overweight rating but cut the price target from $155 to $142 [7] - UBS increased its price target from $115 to $130 while maintaining a Buy rating [7] - Barclays initiated coverage with an Equal-Weight rating and a price target of $71 [7] - Citigroup maintained a Buy rating but lowered the price target from $135 to $98 [7]
Autodesk Analysts Boost Their Forecasts After Better-Than-Expected Q1 Earnings
Benzinga· 2025-05-23 17:10
Core Insights - Autodesk Inc. reported better-than-expected first-quarter financial results, with earnings of $2.29 per share and revenue of $1.63 billion, surpassing analyst estimates [1][2] - The company issued strong guidance for the second quarter, expecting adjusted EPS between $2.44 and $2.48 and revenue between $1.72 billion and $1.73 billion, both above analyst estimates [2] - Autodesk raised its fiscal 2026 adjusted EPS guidance to a range of $9.50 to $9.73 and revenue guidance to between $6.92 billion and $7 billion, also exceeding estimates [3] Analyst Ratings and Price Targets - Rosenblatt analyst maintained a Buy rating and raised the price target from $340 to $345 [8] - DA Davidson maintained a Neutral rating and increased the price target from $265 to $305 [8] - Morgan Stanley maintained an Overweight rating and raised the price target from $330 to $370 [8] - Keybanc maintained an Overweight rating and increased the price target from $323 to $350 [8] - Barclays maintained an Overweight rating and raised the price target from $325 to $355 [8] - Stifel maintained a Buy rating and increased the price target from $310 to $350 [8] - BMO Capital maintained a Market Perform rating and raised the price target from $324 to $333 [8] - Goldman Sachs maintained a Neutral rating and boosted the price target from $270 to $300 [8] - B of A Securities maintained a Neutral rating and raised the price target from $290 to $330 [8]
Palo Alto Networks Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Benzinga· 2025-05-20 12:08
Group 1 - Palo Alto Networks, Inc. is set to release its third-quarter earnings results on May 20, with expected earnings of 77 cents per share, an increase from 66 cents per share in the same period last year [1] - The company is projected to report quarterly revenue of $2.28 billion, up from $1.98 billion a year earlier [1] - On April 28, Palo Alto Networks announced a definitive agreement to acquire Protect AI, which may impact its future growth and market position [2] Group 2 - Analyst Jonathan Ruykhaver from Cantor Fitzgerald reiterated an Overweight rating with a price target of $223 [8] - Jefferies analyst Joseph Gallo maintained a Buy rating and raised the price target from $215 to $225 [8] - Roth Capital analyst Taz Koujalgi initiated coverage with a Neutral rating and a price target of $210 [8] - Morgan Stanley analyst Hamza Fodderwala maintained an Overweight rating but reduced the price target from $230 to $205 [8] - Stephens & Co. analyst Todd Weller initiated coverage with an Equal-Weight rating and a price target of $205 [8]
RBC Bearings Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Benzinga· 2025-05-16 07:01
Group 1 - RBC Bearings is set to release its fourth-quarter earnings results on May 16, with expected earnings of $2.7 per share, an increase from $2.47 per share in the same period last year [1] - The company projects quarterly revenue of $440.26 million, compared to $413.68 million a year earlier [1] - RBC Bearings reported better-than-expected third-quarter financial results and provided fourth-quarter net sales guidance above estimates [2] Group 2 - RBC Bearings shares increased by 0.8%, closing at $367.27 [3] - Analysts have varying ratings on RBC Bearings, with Truist Securities maintaining a Buy rating but lowering the price target from $410 to $375 [8] - Morgan Stanley and Keybanc both maintained Overweight ratings, with Morgan Stanley raising the price target from $360 to $390 and Keybanc increasing it from $375 to $395 [8]
CyberArk Software Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Benzinga· 2025-05-13 07:37
CyberArk Software Ltd. CYBR will release earnings results for the first quarter, before the opening bell on Tuesday, May 13. Analysts expect the Petah Tikva, Israel-based company to report quarterly earnings at 79 cents per share, up from 75 cents per share in the year-ago period. CyberArk Software projects to report quarterly revenue at $305.58 million, compared to $221.55 million a year earlier, according to data from Benzinga Pro. Read This Next: On Feb. 13, CyberArk Software reported fiscal fourth-quart ...
Simon Property Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Benzinga· 2025-05-12 15:23
Earnings Results - Simon Property Group, Inc. is set to release its first-quarter earnings results on May 12, with analysts expecting earnings of $1.36 per share, an increase from $0.84 per share in the same period last year [1] - The company is projected to report quarterly revenue of $1.34 billion, down from $1.44 billion a year earlier [1] Stock Performance - Simon Property shares closed at $163.19, reflecting a gain of 0.1% [2] Analyst Ratings - Deutsche Bank initiated coverage with a Hold rating and a price target of $195 [8] - Evercore ISI upgraded the stock from In-Line to Outperform, raising the price target from $160 to $172 [8] - Stifel downgraded the stock from Buy to Hold, increasing the price target from $157.5 to $159 [8] - Truist Securities maintained a Hold rating and raised the price target from $147 to $158 [8] - Argus Research maintained a Buy rating and increased the price target from $157 to $168 [8] Management Changes - On March 20, Simon Property Group announced the retirement of Independent Director Allan B. Hubbard [1]