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Industrial Packaging Stocks Q3 In Review: Packaging Corporation of America (NYSE:PKG) Vs Peers
Looking back on industrial packaging stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Packaging Corporation of America (NYSE:PKG) and its peers.
Insteel (IIIN) Reports Q4: Everything You Need To Know Ahead Of Earnings
Steel wire manufacturer Insteel (NYSE:IIIN) will be reporting earnings tomorrow before the bell. Here’s what investors should know.
Calavo (NASDAQ:CVGW) Exceeds Q3 Expectations But Stock Drops
Fresh produce company Calavo Growers (NASDAQ:CVGW) reported Q3 CY2024 results exceeding the market’s revenue expectations, but sales fell by 29.5% year on year to $170 million. Its non-GAAP profit of $0.05 per share was 83.1% below analysts’ consensus estimates.
Angi (ANGI) Stock Trades Up, Here Is Why
Shares of home services online marketplace ANGI (NASDAQ: ANGI) jumped 9% in the afternoon session after IAC's board approved a plan to fully spin off its stake in Angi. As part of the move, Joey Levin will step down as IAC CEO to become Executive Chairman of Angi. The spin-off is expected to give IAC shareholders direct ownership of Angi, fully separating the two companies. It will also eliminate Angi's dual-class structure, streamlining its governance. This simplified structure is expected to support Angi's growth by providing more flexibility to make acquisitions, raise capital, and attract talent.
KB Home (KBH) Shares Skyrocket, What You Need To Know
Shares of homebuilder KB Home (NYSE:KBH) jumped 5% in the morning session after the company reported strong fourth-quarter results that exceeded analysts' backlog expectations. This figure is a leading indicator of revenue and a major focus of the markets. Its revenue also narrowly outperformed Wall Street's estimates. Management made constructive comments about the macro, noting that "Net orders rose roughly 40% year over year, as buyers continued to demonstrate a desire for homeownership and housing market conditions improved relative to last year". On the other hand, its EBITDA missed and its full-year revenue guidance fell slightly short of Wall Street's estimates. Zooming out, we think this was a mixed quarter. The market seemed to focus on the top-line strength, and the stock traded up.
Why Are H&E Equipment Services (HEES) Shares Soaring Today
Shares of machinery provider H&E (NASDAQ:HEES) jumped 107% in the pre-market session after the company agreed to a $4.8 billion takeover by United Rentals, with shareholders receiving $92 per share in cash. This valuation includes about $1.4 billion in net debt. This acquisition value represents more than a 100% premium over HEES's trading price a day before news of the deal was announced.
Why Is ThredUp (TDUP) Stock Soaring Today
Shares of online fashion resale marketplace ThredUp (NASDAQ:TDUP) jumped 44.2% in the afternoon session after the company reported stronger-than-expected preliminary fourth-quarter results, signaling a return to growth. ThredUp anticipates Q4 2024 revenue for the US market between $66.7 million and $67.2 million, marking a 9% year-on-year increase, a sharp turnaround from its earlier forecast of a 6% to 2% sales decline. Gross margin is also expected to improve to between 80.2% and 80.4%. The improved sales and gross profits are expected to drive an Adjusted EBITDA margin of 6.4% to 6.9% (vs. previous guidance of 0.0% to 2.0%).
Why Robinhood (HOOD) Stock Is Up Today
Shares of financial services company Robinhood (NASDAQ:HOOD) jumped 8.8% in the morning session after Bernstein analyst Gautam Chhugani named the stock a Top Idea for 2025, highlighting its strong position in the crypto space.
NN (NNBR) Stock Trades Up, Here Is Why
Shares of industrial components supplier NN (NASDAQ:NNBR) jumped 20.2% in the morning session after the company reported impressive preliminary guidance, with full-year 2024 new business wins expected to exceed the high end of its previous forecast. Management added, "We will continue this pace of new business acquisition into 2025 and 2026 and have a $720 million pipeline to support it. 2025 is off to a great start with the simultaneous launch of fifty [50] new programs during the first quarter."
United Rentals (URI) Shares Skyrocket, What You Need To Know
Shares of equipment rental company United Rentals (NYSE:URI) jumped 5.3% in the pre-market session after the company announced it would acquire H&E Equipment Services (HEES) for $92 per share in cash, valuing the deal at approximately $4.8 billion, including $1.4 billion in net debt.