[ad_1] © Reuters. Greif (GEF) Inventory Rallies After Crushing Estimates, Analyst Cautious By Senad Karaahmetovic Shares of Greif (NYSE:) are up greater than 4% in premarket buying and selling Thursday after the corporate reported second-quarter earnings and web gross sales that beat consensus estimates. Greif Q2 adjusted EPS of $2.41, up from $1.13 within the year-ago interval and above the analyst consensus of $1.71 per share. Internet gross sales got here in at $1.67 billion, up 24% YoY and above the consensus projection of $1.51 billion. Greif reported an adjusted EBITDA of $251 million within the interval, up 42% YoY…
Author: Investing.com
[ad_1] © Reuters. ‘Promote Now, Purchase Later’: Wedbush Begins BNPL Inventory Affirm (AFRM) at Underperform By Senad Karaahmetovic Wedbush analyst David Chiaverini began analysis protection on Affirm (NASDAQ:) at Underperform with a $15.00 per share value goal. The analyst sees an almost 40% draw back threat in Affirm shares because of slowing progress and rising charges. Furthermore, Chiaverini is worried “about Affirm’s path to GAAP profitability, growing competitors within the purchase now, pay later (BNPL) house, business forecasts calling for slowing e-commerce gross sales (which drive Affirm’s gross merchandise quantity, or GMV), and its capacity to cowl its price of…
[ad_1] © Reuters Ulta Magnificence (ULTA) Inventory Rises After Smashing Consensus and Mountain climbing Outlook, Jefferies Upgrades to Purchase By Senad Karaahmetovic Shares of Ulta Magnificence (NASDAQ:) are up greater than 9% in premarket buying and selling Friday after the corporate hiked its EPS and income steerage for the complete 12 months, topping the analyst estimates. ULTA a Q1 EPS of $6.30, in comparison with $4.10 within the year-ago interval and crushing the consensus estimates of $4.45 per share. Internet gross sales stood at $2.35 billion, up 21% YoY and above the consensus projection of $2.12 billion. Comparable gross sales…
[ad_1] © Reuters. Illinois Software Works Earnings inline, Income Beats In Q1 Investing.com – Illinois Software Works (NYSE:) reported on Tuesday first quarter that matched analysts’ forecasts and income that topped expectations. Illinois Software Works introduced earnings per share of $2.06 on income of $3.94B. Analysts polled by Investing.com anticipated EPS of $2.06 on income of $3.75B. Illinois Software Works shares are down 18% from the start of the yr, nonetheless down 19.94% from its 52 week excessive of $249.81 set on January 5. They’re under-performing the S&P 500 which is down 12.82% from the beginning of the yr. Illinois…
[ad_1] © Reuters. By Gina Lee Investing.com – Gold was down on Thursday morning in Asia. Traders retreated from the safe-haven yellow steel as U.S. Treasury yields rose and oil fell after ). edged down 0.11% to $1,986.10 by 11:42 PM ET (4:42 AM GMT), after falling 1% earlier within the session. The yellow steel pulled again about 3% within the earlier session, the worst every day decline since January 2021, and halted a rally that took it close to a file excessive hit in August 2020. The benchmark rose for a 3rd consecutive day on Wednesday, with inflation remaining…