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.
Lowe’s Companies, Inc. (LOW) reported strong second-quarter earnings, exceeding analysts’ expectations for adjusted earnings per share. However, revenue fell short of estimates. Despite the revenue miss, analysts remain bullish on the company’s prospects, citing impressive margin performance and ongoing productivity improvements.
Snowflake, a leading data cloud company, is set to release its second-quarter earnings for fiscal year 2024 on Wednesday after the market closes. Analysts predict earnings per share of 16 cents and revenue of $851.16 million. However, recent news surrounding Berkshire Hathaway’s divestment of its Snowflake shares and price target adjustments from several analysts has added intrigue to the upcoming report.
Alibaba’s stock price surged on Friday after multiple analysts raised their price targets following the company’s mixed fiscal first-quarter earnings. While revenue fell short of estimates, adjusted earnings per share exceeded expectations, leading analysts to believe in Alibaba’s continued growth and market share stabilization.
Deere & Co. (DE) reported stronger-than-anticipated third-quarter results, exceeding revenue and earnings estimates. Despite a year-over-year sales decline, the company maintained its 2024 net income outlook and outlined expectations for key business segments. Analysts responded positively to the results, adjusting their price targets for Deere stock.
Madison Square Garden Entertainment Corp. (MSGE) is set to release its fiscal fourth-quarter earnings on Friday, August 16th. Analysts predict a quarterly loss but expect revenue growth compared to the previous year. The company’s recent performance and analyst ratings suggest a mixed outlook for the stock.
