Nvidia’s upcoming earnings call is causing a stir in the semiconductor ETF market, with some ETFs mirroring the expected positive impact while others reflect potential downsides. Investor sentiment remains cautious, anticipating a significant market response.
Red Rock Resorts, Inc., a prominent holding company with an interest in Station Casinos, will announce its second quarter 2024 financial results on Tuesday, July 23, 2024. A conference call with prepared remarks and a question-and-answer session will follow.
Manhattan Associates (NASDAQ: MANH) reported strong financial results for the first quarter of 2024, with a robust increase in revenue and adjusted earnings per share. Total revenue rose by 15% to $255 million, while adjusted earnings per share grew by 29% to $1.03.
Tesla’s first-quarter earnings call elicited mixed reactions from analysts, leading to a 13% spike in after-hours trading. Future Fund’s Gary Black praised CEO Elon Musk’s performance, highlighting the confirmation of an accelerated start of production for the next-gen vehicle and reassurances about 2024 volumes. Deepwater Asset Management’s Gene Munster projected a potential future rivalry between Tesla, Uber, and Lyft in the ride-hailing sector, envisioning a fleet in the tens of millions. However, Tesla bear Gordon Johnson of GLJ Research expressed a sharply negative view, criticizing the abandonment of the next-gen platform and record cash burn.
Tesla’s upcoming earnings call has investors on the edge of their seats. The stock has been on a downward spiral, raising concerns about the company’s ability to maintain profitability. Despite the hype surrounding the Model 3 announcement, analysts are divided on the company’s trajectory. Estimates range from a 2x return to a further 50% decline. As competition in the EV space intensifies, Tesla faces a pivotal moment. The earnings call will be closely watched for insights into the company’s strategy and its ability to maintain market dominance.
Evercore ISI has reaffirmed its positive outlook on IBM shares, maintaining an Outperform rating and a price target of $215.00. The firm anticipates IBM’s upcoming quarterly earnings call to highlight the company’s strength in the Hybrid Cloud Platform (HCP) and Artificial Intelligence (AI), which are expected to drive growth. The call may also provide insights into IBM’s strategy and performance in the first quarter. Investors are awaiting further details on the company’s financial performance and strategic initiatives.
2U, Inc. (Nasdaq: ) will report its first quarter 2024 financial and operational results on . , Chief Executive Officer, and , Chief Financial Officer, will hold an audio webcast and conference call at to discuss the results.
ServisFirst Bancshares, Inc. (NYSE: SFBS) kicked off the first quarter of 2024 on a positive note, showcasing significant growth in net loans and a robust loan pipeline. The bank’s Chief Credit Officer, Henry Abbott, reported an improvement in credit quality, while the Chief Financial Officer, Kirk Pressley, noted the highest net interest income since Q1 of 2023 and an optimistic outlook for the year.
Boeing’s upcoming earnings call will be closely watched by investors hoping for strong results to counter recent safety concerns. The company has faced criticism and federal investigations, leading to a 32.5% stock drop since January. Despite this, analysts remain cautious, citing increased expenses and decreased aircraft deliveries as potential negative factors. However, stronger sales in higher-revenue segments could offset these issues. Boeing’s legal troubles and CEO departure have also impacted its image and public trust.
