Cemex’s stock took a tumble on Monday after the company reported weaker-than-expected third-quarter financial results, missing both earnings and sales estimates. Analysts responded with adjustments to their price targets, with some downgrading the stock. This news comes as investors are looking for signs of stability in the market.
ON Semiconductor Corp (ON) exceeded analysts’ expectations for the third quarter, reporting a revenue decline of 19.2% year-on-year to $1.76 billion. The company’s adjusted EPS also surpassed estimates. Despite the decline in revenue, ON Semiconductor remains optimistic about its future prospects, driven by rising power demands and the need for greater efficiency in key markets. Analysts have adjusted their price targets for ON Semiconductor following the earnings announcement, with some maintaining a Buy rating while others remain cautious.
Tyler Technologies (TYL) exceeded third-quarter earnings expectations and raised its adjusted earnings per share guidance for fiscal year 2024. The company’s strong performance has spurred analysts to increase their price targets, signaling a positive outlook for the stock.
United Parcel Service (UPS) surprised investors with its first revenue beat in 10 quarters, exceeding analysts’ expectations. Key analysts have offered their insights on the company’s performance and future prospects, with some expressing optimism while others remain cautious. The company’s Fit to Serve program, aimed at cost-cutting and efficiency, is showing positive results, leading to a higher operating margin target for 2024.
Western Digital Corp’s (WDC) stock surged in early trading on Friday after the company reported upbeat fiscal first-quarter earnings. Analysts lauded the company’s performance, particularly strong data center demand and improved margins, with several maintaining Buy ratings and raising price targets.
AT&T’s stock took a dip in early trading on Thursday after the company reported its third-quarter earnings. While some analysts remain optimistic about the company’s future, others highlight challenges in certain segments. This article analyzes key takeaways from prominent analysts, including Oppenheimer, Scotiabank, RBC Capital Markets, and Morgan Stanley.
L3Harris Technologies (LHX) is set to release its third-quarter earnings after the market closes on Thursday, October 24th. Analysts anticipate strong performance, with expectations for earnings per share and revenue growth. The company recently announced a strategic partnership with Palantir, signifying its commitment to advancing technological capabilities. This article analyzes the latest analyst ratings for L3Harris Technologies, providing insights into potential stock movement and investment considerations.
Harley-Davidson is set to release its third-quarter earnings on Thursday, October 24th. Analysts anticipate a decline in both earnings and revenue compared to the previous year. This article examines analyst ratings and price targets for HOG, providing insights into the current market sentiment surrounding the iconic motorcycle manufacturer.
Starbucks shares tumbled after the company issued a dismal preview of its fourth-quarter results, revealing a projected 3% decline in revenue and a 7% drop in global comparable sales. While investors had anticipated a challenging quarter, the severity of the miss caught them off guard. Analysts are now closely scrutinizing the new CEO’s turnaround strategy, ‘Back to Starbucks,’ as the company prepares to unveil more details during its earnings call on October 30th.
Tesla is set to release its third-quarter earnings on Wednesday, October 23rd. Analysts anticipate a slight decline in earnings per share compared to last year, but expect a strong revenue growth. This article dives into the key figures, analyst predictions, and provides insights into how Tesla is performing in the market.
