Latest Stories
Why HEICO (HEI) Shares Are Sliding Today
Shares of aerospace and defense company HEICO (NSYE:HEI) fell 9.8% in the morning session after the company reported weak third-quarter earnings. Its revenue missed, and its adjusted operating income fell short of Wall Street's estimates. Also, the company's debt profile continued to leave little room for error, given the negative net cash position, with management highlighting a total debt-to-net income ratio of 4.34x. In addition, the top-line growth continued to decelerate, with revenue up 8.2% year on year during the quarter, a sharp drop from the double-digit growth recorded in the previous quarters, presenting more reasons for investors to be worried. Overall, this was a weaker quarter.
2 Must-Own Consumer Stocks and 1 to Skip
Consumer staples stocks usually provide protection when markets are frothy and ripe for a correction, but they’re a double-edged sword as they often lag in booming conditions. The industry has recently defied this pattern, however, delivering a six-month return of 10.3%, nearly mirroring the S&P 500.
The Toro Company (NYSE:TTC) Reports Sales Below Analyst Estimates In Q3 Earnings, Stock Drops
Outdoor equipment company Toro (NYSE:TTC) missed Wall Street’s revenue expectations in Q3 CY2024, but sales rose 9.4% year on year to $1.08 billion. Its non-GAAP profit of $0.95 per share was in line with analysts’ consensus estimates.
HEICO (NYSE:HEI) Reports Sales Below Analyst Estimates In Q3 Earnings, Stock Drops
Aerospace and defense company HEICO (NSYE:HEI) fell short of the market’s revenue expectations in Q3 CY2024, but sales rose 8.2% year on year to $1.01 billion. Its GAAP profit of $0.99 per share was 1.3% above analysts’ consensus estimates.
HEICO (NYSE:HEI) Misses Q3 Revenue Estimates, Stock Drops
Aerospace and defense company HEICO (NSYE:HEI) missed Wall Street’s revenue expectations in Q3 CY2024, but sales rose 8.2% year on year to $1.01 billion. Its GAAP profit of $0.99 per share was 1.3% above analysts’ consensus estimates.
General Mills’s (NYSE:GIS) Q4: Beats On Revenue
Packaged foods company General Mills (NYSE:GIS) reported Q4 CY2024 results beating Wall Street’s revenue expectations, with sales up 2% year on year to $5.24 billion. Its non-GAAP profit of $1.40 per share was 15% above analysts’ consensus estimates.
ABM Industries (NYSE:ABM) Reports Bullish Q3
Diversified industrial and facilities services company ABM Industries (NYSE:ABM) beat Wall Street’s revenue expectations in Q3 CY2024, with sales up 4% year on year to $2.18 billion. Its non-GAAP profit of $0.90 per share was 3.3% above analysts’ consensus estimates.
Carriage Services (CSV): Buy, Sell, or Hold Post Q3 Earnings?
What a time it’s been for Carriage Services. In the past six months alone, the company’s stock price has increased by a massive 50.3%, reaching $41.08 per share. This was partly due to its solid quarterly results, and the run-up might have investors contemplating their next move.
Three Reasons to Avoid LCID and One Stock to Buy Instead
Lucid has followed the market’s trajectory closely, rising in tandem with the S&P 500 over the past six months. The stock has climbed by 6.6% to $2.74 per share while the index has gained 10.3%.
Three Reasons Why OPEN is Risky and One Stock to Buy Instead
Opendoor has been treading water for the past six months, recording a small loss of 3% while holding steady at $1.91. The stock also fell short of the S&P 500’s 10.3% gain during that period.