Deutsche Bank: Moderna (NASDAQ:MRNA) has an uncertain outlook for sustainable earnings and lowered its price target to $200.
Deutsche Bank: lowered Moderna (NASDAQ:MRNA) price target to $200 Read Post »
Feb. 28, 2023 – HP Inc. (NYSE:HPQ) Reports Fiscal 2023 First Quarter Results. HP Inc. (NYSE:HPQ) reported fiscal Q1 diluted net earnings of $0.75 per share, Analysts polled by Capital IQ expected $0.75. Revenue for the quarter was $13.83 billion, Analysts surveyed by Capital IQ expected $14.17 billion. For fiscal Q2, the company expects non-GAAP EPS of $0.73 to $0.83. Analysts polled by Capital IQ project $0.76. For fiscal 2023, the company continues to expect non-GAAP EPS of $3.20 to $3.60. Analysts surveyed by Capital IQ are looking for $3.29. First quarter GAAP diluted net earnings per share (“EPS”) of $0.49, within the previously provided outlook of $0.47 to $0.57 per share. First quarter non-GAAP diluted net EPS of $0.75, within the previously provided outlook of $0.70 to $0.80 per share. First quarter returned $0.4 billion to shareholders in the form of share repurchases and dividends. HP Inc.’s fiscal 2023
HP Inc. (NYSE:HPQ) Q1 2023 net revenue of $13.8 billion,down 18.8% year-over-year Read Post »
Rivian Automotive (NASDAQ:RIVN) expects to produce 50,000 units in fiscal 2023.
Rivian Automotive (NASDAQ:RIVN) expects to produce 50,000 units in fiscal 2023 Read Post »
Rivian Automotive (NASDAQ:RIVN) Q4 2022 Loss Narrows as Revenue Rises. adjusted Q4 loss to $1.73 per diluted share from a loss of $2.43 a year earlier as the shares outstanding were 923 million, Analysts polled by Capital IQ forecast a per-share normalized loss of $1.95. Revenue for the quarter ended Dec. 31 was $663 million, Analysts surveyed by Capital IQ projected $729.5 million. The electric vehicle company said it expects to produce 50,000 units in fiscal 2023 and report an adjusted Ebitda loss of $4.3 billion.
Rivian Automotive (NASDAQ:RIVN) Q4 2022 Loss Narrows as Revenue Rises Read Post »
February 28, 2023 – Target Corporation (NYSE: TGT) today announced its fourth-quarter and full-year 2022 results. The Company reported fourth-quarter GAAP earnings per share (EPS) of $1.89, compared with $3.21 in 2021, and $5.98 for full-year 2022, compared with $14.10 in 2021. Adjusted EPS1 was $1.89 for the fourth quarter, compared with $3.19 in 2021, and $6.02 for the full-year, compared with $13.56 in 2021. Full-year 2021 GAAP EPS included a $335 million pretax gain on the sale of Dermstore, which was excluded from Adjusted EPS. Target Corporation (NYSE: TGT) reported fiscal Q4 adjusted earnings Tuesday of $1.89 per share, Analysts polled by Capital IQ forecast $1.40. Revenue for the quarter ended Jan. 28 was $31.40 billion, Analysts surveyed by Capital IQ projected $30.73 billion. The retailer’s fiscal Q4 comparable sales grew 0.7%. Analysts polled by Capital IQ expected a decrease of 1.5%. Target said it expects fiscal Q1 adjusted EPS of
Target (NYSE:TGT) total revenue of $31.4 billion in Q4 2022, up 1.3% year-over-year Read Post »
Target (NYSE:TGT) plans to open 20 new stores and upgrade 175 existing stores, which is expected to invest $4-5 billion this year.
Target (NYSE:TGT) plans to open 20 new stores and upgrade 175 existing stores Read Post »
Chevron (NYSE:CVX) said Tuesday it has increased its share-repurchase guidance to $10 billion to $20 billion per year and will raise its annual share repurchase rate to $17.5 billion beginning in Q2.
Chevron (NYSE:CVX) Raises Annual Share-Repurchase Guidance to $10 billion to $20 billion Read Post »
February 27, 2023 – Occidental Petroleum (NYSE:OXY) today announced net income attributable to common stockholders for the fourth quarter of 2022 of $1.7 billion, or $1.74 per diluted share, and adjusted income attributable to common stockholders of $1.6 billion, or $1.61 per diluted share. Occidental Petroleum (NYSE:OXY) reported late Monday Q4 adjusted earnings of $1.61 per diluted share, up from $1.48 a year earlier. Analysts polled by Capital IQ expected $1.83. Revenue for the quarter was $8.33 billion, up from $3.35 billion a year earlier. Analysts surveyed by Capital IQ expected $8.21 billion. Worldwide year-end proved reserves of 3.8 billion BOE, with reserves replacement of 172% and finding and development costs of $6.60 per BOE。 Completed $3.0 billion share repurchase program with $562 million of repurchases in the fourth quarter, bringing total year repurchases to 47.7 million shares。 Announced enhanced shareholder return framework including a new $3.0 billion share repurchase
Occidental Petroleum (NYSE:OXY) Q4 2022 revenue of $8.33 billion,up 97.6% Read Post »
February 27, 2023 – Zoom Video Communications, Inc. (NASDAQ: ZM), a leading provider of video-first unified communications, update Financial Outlook The video-conferencing company said it expects fiscal Q1 adjusted EPS of $0.96 to $0.98 on revenue of $1.08 billion to $1.09 billion. Analysts polled by Capital IQ are looking for adjusted EPS of $0.86 and revenue of $1.11 billion. For fiscal 2024, the company expects adjusted EPS of $4.11 to $4.18 on revenue of $4.44 billion to $4.46 billion. Analysts surveyed by Capital IQ are expecting adjusted EPS and revenue of $3.67 and $4.63 billion, respectively. Financial Outlook: Zoom is providing the following guidance for its first quarter of fiscal year 2024 and its full fiscal year 2024. First Quarter Fiscal Year 2024: Total revenue is expected to be between $1.080 billion and $1.085 billion and revenue in constant currency is expected to be between $1.097 billion and $1.102 billion. Non-GAAP
Zoom(NASDAQ:ZM) Q1 2024 business outlook Read Post »
February 27, 2023 – Zoom Video Communications, Inc. (NASDAQ:ZM), a leading provider of video-first unified communications, today announced financial results for the fourth quarter and fiscal year ended January 31, 2023. Zoom Video Communications (ZM) reported fiscal Q4 adjusted earnings late Monday of $1.22, down from $1.29 a year earlier. Analysts polled by Capital IQ forecast $0.82. Revenue for the quarter ended Jan. 31 was $1.12 billion, up from $1.07 billion a year earlier. Analysts surveyed by Capital IQ projected $1.10 billion. The video-conferencing company said it expects fiscal Q1 adjusted EPS of $0.96 to $0.98 on revenue of $1.08 billion to $1.09 billion. Analysts polled by Capital IQ are looking for adjusted EPS of $0.86 and revenue of $1.11 billion. For fiscal 2024, the company expects adjusted EPS of $4.11 to $4.18 on revenue of $4.44 billion to $4.46 billion. Analysts surveyed by Capital IQ are expecting adjusted EPS
Zoom(NASDAQ:ZM) Q4 2023 total revenue of $1,117.8 million, up 4% year over year Read Post »
Deutsche Bank Adjusts Carvana (NYSE:CVNA) Price Target to $10 From $16, Maintains Hold Rating
Deutsche Bank Adjusts Carvana (NYSE:CVNA) Price Target to $10 From $16 Read Post »
Piper Sandler raised its price target on Unity Software (NYSE:U) to $43 from $33 and maintained its overweight rating on the stock. The analyst told investors in a research note that tight cost controls coupled with the merger with ironSource helped the company turn a profit for the first time in the fourth quarter. The analyst said Unity’s proposed outlook for 2023 would be 53 percent growth, meaning there aren’t too many issues and even if standalone Unity business declines year-over-year, the median revenue of $2.125 billion seems achievable.