This week saw a surge in performance for several large-cap stocks, driven by strong earnings reports, positive guidance, and analyst upgrades. Learn which companies saw the biggest gains and why.
Results for: Analysts
Sportsman’s Warehouse Holdings, Inc. (SPWH) is set to release its second-quarter earnings before the market opens on Tuesday, September 3. Analysts predict a quarterly loss, but revenue is expected to grow. The company recently secured a $45 million loan to bolster its financial position. We take a look at recent analyst ratings and their predictions for the stock.
Best Buy Co., Inc. (BBY) saw its stock price target boosted by several analysts following the company’s strong second-quarter earnings report. The results exceeded expectations, with the company noting growth in key areas like computing and tablets. Despite a slight slowdown in certain categories, analysts are optimistic about Best Buy’s long-term prospects, citing its strong leadership, omnichannel capabilities, and focus on innovation.
Elastic N.V. (ESTC) exceeded earnings expectations in the first quarter but issued a weaker-than-expected revenue forecast for the second quarter. While the company reported strong adoption of its generative AI offerings, segmentation changes are impacting customer commitments and slowing revenue growth. Despite the revised forecast, analysts downgraded the stock, and shares closed slightly higher.
Five Below, Inc. (FIVE) released its second-quarter earnings, leading to varied responses from analysts. While Goldman Sachs remains bullish, Truist Securities maintains a hold rating, and JP Morgan stays neutral.
NetApp exceeded analysts’ expectations for both earnings and revenue in the first quarter, driven by strong execution and a focus on its intelligent data infrastructure platform. Despite the positive results, the company’s stock fell 8% following the announcement as analysts adjusted their price targets.
CrowdStrike Holdings Inc. (CRWD) exceeded revenue and earnings per share estimates in the second quarter, impressing analysts despite the recent Microsoft outage. While the outage did impact the company’s performance, the impact was less severe than initially anticipated. Analysts remain optimistic about CrowdStrike’s future, citing strong customer engagement, a path to recovery, and attractive valuation.
PVH Corp., the parent company of iconic brands like Tommy Hilfiger and Calvin Klein, is set to release its second-quarter earnings on Tuesday, August 27th. Analysts anticipate strong results, projecting earnings per share of $2.29 and revenue of $2.07 billion. Several analysts have recently weighed in on PVH, with ratings ranging from Outperform to Market Perform.
Intuit Inc. (INTU) shares fell despite a strong earnings report, prompting analysts to provide their insights. While several analysts remain optimistic about the company’s future, concerns around long-term growth and free cash flow margin have emerged.
Peloton Interactive reported better-than-expected second-quarter financial results, leading to a significant surge in share prices. The company’s losses narrowed while sales increased, exceeding analyst forecasts. However, analysts remain cautious, with some maintaining hold ratings and others downgrading the stock.