TFI International partcipates in a conference call with JPMorgan
Airfreight & Surface Transportation Analyst Ossenbeck holds a conference call with President & CEO Bedard and CFO Saperstein to be held on April 28 at 10 am hosted by JPMorgan.
Stay Ahead of the Market:
Discover outperforming stocks and invest smarter with Top Smart Score Stocks.
Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Boston Globe
34 minutes ago
- Boston Globe
US companies delay impact reports with DEI, ESG under attack
Nike joins a growing list of companies that includes JPMorgan Chase & Co., Constellation Brands Inc. and Akamai Technologies Inc. that are either canceling or delaying publication of their so-called sustainability or corporate impact reports for shareholders. While companies aren't legally obliged to disclose such information, most S&P 500 members did so in 2024. For more than a decade, this is usually the time period when companies tout the steps they're taking to lower carbon emissions and improve the diversity, equity, and inclusion of their businesses. Opposition to these reports first surfaced about three years ago when GOP lawmakers and activists began pressing companies to scale back such efforts. And some companies have reacted by taking steps such as scrubbing ESG and DEI-related words from public documents. Get Starting Point A guide through the most important stories of the morning, delivered Monday through Friday. Enter Email Sign Up The election of President Donald Trump has further empowered the anti-DEI movement. During his first week in the White House, he signed executive orders ending federal diversity programs and restricting gender definition to two sexes — male and female. None of the companies contacted said Trump's actions changed their planning for releasing sustainability reports. Advertisement 'The consequences of reported information are much greater now than they were a decade ago,' said Martin Whittaker, chief executive officer of JUST Capital, noting that both progressive and conservative activists are searching for evidence of companies' missteps. Advertisement Whittaker estimates that about 25 percent of sustainability-related corporate reporting is behind schedule this year. Here are some of the S&P 500 companies that have yet to publish sustainability reports, according to researchers at DiversIQ. Nike, JPMorgan, Constellation Brands, and Akamai Technologies have different explanations for why their sustainability reports haven't been published this year. Nike said in an email that it still plans to share the work it's doing to create a more inclusive and sustainable world for athletes in other formats and that its commitment to diversity goals for 2025 hasn't changed. In a regulatory filing, JPMorgan said it plans to release a consolidated report on ESG and climate topics later this year. However, the bank added that it will 'monitor the evolving disclosure landscape as we iterate on our approach to disclosure.' JPMorgan published its '2024 Climate Report' in November. At Constellation Brands, a spokesperson said the timing of the publication's release was adjusted after receiving 'stakeholder feedback.' The next report is scheduled to be issued next month, the spokesperson said. Cambridge-based cloud computing and cybersecurity company Akamai said its data-center vendors were partly to blame for a delay in publication until the end of this quarter. The company wasn't more specific. For the past several years, Pfizer Inc. had published an impact report by April. When contacted last week about the delay in publication, a company spokesperson said the timing was adjusted to 'allow for necessary internal processes in preparation for evolving global ESG (environmental, social and governance) reporting requirements.' The company released its report this week. Advertisement The lack of information is a blow, even if temporary, to corporate transparency. Many shareholders rely on the disclosures to gauge how serious companies are about addressing ESG issues, inequities in the workforce and other factors that can impact the short- and long-term value of their investments. Activist investors who've pressed companies to release more data on DEI and climate initiatives have been willing to cut companies some slack this year, given the heightened scrutiny from the Trump administration. Andrew Behar, CEO of As You Sow, which supports social responsibility, said executives have been asking him privately for some flexibility in what information they release this year. 'We told them to not put themselves at risk right now,' Behar said. 'That isn't good for anyone.' And the caution is warranted, said GianCarlo Canaparo, senior legal fellow at the Heritage Foundation, a conservative think tank that has warned against possible discrimination in company DEI programs. Corporate leaders are aware that Trump has asked agency heads to identify nine companies or organizations that should be investigated for possible illegal DEI activities, Canaparo said. So far, the names haven't been made public, but it's clearly on companies' radar, he said. 'If you have been using race preferences, you really want to make sure you don't get caught,' Canaparo said. 'And if you haven't, you want to make sure you aren't dragged into litigation to explore whether you have.' Mathieu Benhamou and Fiona Rutherford contributed to this report.
Yahoo
an hour ago
- Yahoo
ETSY Stock Stages 35% Resurgence With Higher Highs Expected
Etsy's (ETSY) stock has been on a wild ride—skyrocketing during the pandemic before plunging in the years that followed as growth stalled. In that time, sales plateaued, buyer numbers fell, and the business struggled to rediscover its momentum. But beneath the surface, Etsy has quietly transformed into a cash flow machine, generating $685 million in free cash flow over the past 12 months. Combine that with aggressive share buybacks and a hefty 22% short interest—a potential powder keg—and its 35% rally from April lows could be just the beginning of a much larger move. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter At first glance, Etsy's investment case doesn't look particularly compelling. Its latest earnings report paints the picture of a company spinning its wheels. Consolidated gross merchandise sales (GMS) dropped 6.5% year-over-year to $2.8 billion, with the core Etsy Marketplace faring even worse, down 8.9%. On the earnings call, CEO Josh Silverman attributed the weakness to a 'challenging environment,' where cost-conscious consumers are prioritizing essentials over Etsy's unique assortment of handcrafted goods. A newly introduced $29 seller fee, aimed at weeding out lower-quality shops, also led to a trimmed seller base, hardly a catalyst for growth. Meanwhile, shopper engagement is waning. GMS per buyer declined 3.5% to $120, suggesting users aren't sticking around or spending like they used to. It's not that Etsy has lost its appeal—its mobile app now accounts for a record 44.5% of Marketplace GMS—but macroeconomic pressures like inflation and global uncertainty are putting a damper on discretionary spending. Etsy is pushing back with AI-powered personalization to enhance the browsing experience, but for now, that effort feels more like a flicker than a flame. Other e-commerce players such as Wayfair (W) and eBay (EBAY) are navigating similar headwinds, but Etsy's niche focus raises the stakes. Without a breakout product category or a surge in new buyers, Etsy remains on the defensive, leaning heavily on its loyal community of artisans and vintage sellers to carry it through. The big question is whether that's enough to shift the momentum. Etsy isn't just grappling with a tough macro environment—it's also struggling to keep its core metrics from sliding further. The company is leaning heavily into technology, introducing a new 'Discovery Centric Shopping' experience that has nearly doubled engagement on personalized homepages. While promising, these initiatives are still in their infancy, and whether they'll meaningfully move the needle remains uncertain. The recent $105 million sale of Reverb, Etsy's musical instrument marketplace, served as another wake-up call. Though the move helped streamline operations, it came with a steep price: a $102 million non-cash impairment charge that contributed to a painful Q1 EPS miss of -$0.49—well below the $0.47 analysts had expected. The retreat from diversification likely didn't sit well with investors either. Etsy is now fully committed to its core marketplace, but unloading assets like Reverb can feel more like retrenchment than progress. Meanwhile, competitive pressure continues to mount. Goliaths like Amazon (AMZN) and Walmart (WMT), with their vast product ranges and competitive pricing, are encroaching on Etsy's artisanal niche. Etsy's take rate, which climbed to 23.3% in Q1, is healthy on paper—but without a rebound in buyer demand, it's more of a cosmetic win. The company is betting on AI and machine learning to deepen shopper engagement, but with consumers tightening their belts, Etsy's growth engine is sputtering. But here's the plot twist. Despite the growth slump, Etsy has turned into a free cash flow machine. Over the trailing 12 months, the company generated $685 million in FCF, converting an eye-popping 87% of its adjusted EBITDA. In Q1 2025, it pulled in $35 million despite seasonal cash outflows. This wasn't achieved by chance. Etsy's capital-light model, connecting buyers and sellers without the burden of inventory, keeps the cash flowing. CFO Lanny Baker, on the earnings call, called it a 'strong financial foundation,' with Etst also having nearly $1 billion in cash on hand. At this stage, management is not pursuing moonshot acquisitions or risky expansions. Instead, it has honed its mature business to run lean and mean, while returning all of its free cash flow back to shareholders in the form of share buybacks. In particular, with growth on hold, Etsy is doubling down on returning cash to shareholders. Over the past 12 months, it has plowed $820 million into stock buybacks, which, for context, accounts for over 13% of today's market cap, even after the 35% rally over the past month. In Q1 alone, $189 million was spent on buying back shares, a clear signal that management believes the stock is undervalued at current prices. Now factor in the 22% short interest, and you've got the makings of a high-stakes setup. The recent surge in Etsy's share price has put pressure on bearish positions, and if the company continues generating strong cash flow while aggressively reducing its share count, those short bets could unwind quickly, setting the stage for a potential short squeeze. With momentum already building, this rally might just be getting started. Wall Street remains relatively skeptical about Etsy's prospects. ETSY stock features a Hold consensus rating, with eight analysts currently bullish, 13 neutral, and four bearish. ETSY's average stock price target of $48.17 indicates ~22% downside potential over the coming twelve months. Etsy presents a bit of a paradox. It's a company facing sluggish growth, yet it's churning out solid cash flow and buying back shares at an aggressive pace. That 35% rally over the past month isn't just market noise—it's underpinned by strong free cash flow and buybacks that signal real confidence in the stock's intrinsic value. With 22% of the float sold short, the conditions for a short squeeze are hard to ignore. Growth may be elusive for now, but Etsy's financial strength and strategic capital returns could continue to drive the stock higher, making it a name worth watching closely. Disclaimer & DisclosureReport an Issue
Yahoo
2 hours ago
- Yahoo
Broadcom Gets Mixed Reactions As Modest Earnings Beat Sparks Profit-Taking
Wall Street analysts rerated Broadcom Inc (NASDAQ: AVGO) after it reported second-quarter financial results on Thursday. The company reported second-quarter revenue of $15 billion, up 20%, beating analyst estimates of $14.99 billion, driven by continued momentum in AI semiconductor solutions and VMware. The semiconductor company reported second-quarter adjusted earnings of $1.58 per share, beating analyst estimates of $1.56. The second-quarter AI revenue grew 46% to over $4.4 billion, driven by robust demand for AI networking. Broadcom Tomahawk 6 Flexes AI Muscle, Hyperscalers Are Buying In Broadcom expects third-quarter revenue of approximately $15.8 billion, versus estimates of $15.79 billion. JP Morgan analyst Harlan Sur maintained Broadcom with an Overweight and raised the price target from $250 to $325. Truist Securities analyst William Stein reiterated Broadcom with a Buy and raised the price target from $267 to $295. Rosenblatt analyst Kevin Cassidy maintained Broadcom with a Buy and raised the price target from $223 to $340. Cantor Fitzgerald analyst Matthew Prisco reiterated Broadcom with an Overweight and a $300 price target. Benchmark analyst Cody Acree maintained Broadcom with a Buy and raised the price target from $255 to $315. JP Morgan analyst Sur is encouraged by the Broadcom team's strong line of sight to fiscal 2026 AI revenue profile driven by strong cloud/hyperscaler capex spending trends with continued focus on AI training combined with accelerating AI inference workloads, continued ramp of Alphabet Inc (NASDAQ:GOOGL) Google's next-gen TPU v6/v7 3nm AI accelerator ASICs, ramp up of Meta Platforms (NASDAQ:META) 3nm, and continued strong adoption of ethernet networking. The continued substantial AI revenues underscore Broadcom's strong design win pipeline and confirm Sur's belief that internally developed custom ASIC silicon programs offer opportunities for differentiation, efficiency gains, and improved silicon economics. The analyst said that the fundamentals of cyclical semiconductor businesses are stabilizing across most areas. He stressed that Broadcom continues successfully converting and upselling to its VCF full-stack solution in the infrastructure software business. Even during macro volatility, the team drives a solid revenue growth profile. Sur estimated that Free Cash Flow generation will be $26 billion this year, up 34% year over year, implying a substantial dividend raise at the end of this fiscal year. Broadcom remains his top pick in semiconductors. Broadcom delivered only a modest upside to calendar first-quarter results and the calendar second-quarter guide. Still, Truist Securities analyst Stein noted investors were expecting a more significant beat, considering results from Nvidia Corp (NASDAQ:NVDA) and capex outlooks from hyperscale companies. Stein stated Broadcom's long-term position in AI is stable or potentially improving, with significant customer additions (3 current and 4 potential additions) suggesting meaningful potential upside. He also anticipated long-term upside at VMWare. Broadcom's non-AI semi-sales in the calendar first quarter aligned with Stein's estimate. Still, management guided to flat quarter-on-quarter growth, implying $4 billion in the calendar second quarter and a ~5% miss compared to his model (not surprising to him, considering that he noted excess channel inventory). AI computes (custom accelerators) made up ~60% of total AI sales in the calendar first quarter, implying ~$2.6 billion (14% below his estimate of $3.1 billion). However, Stein remarked that AI networking delivered $1.8 billion in sales, up 170% Y/Y and 33% above his estimate of $1.3 billion. He said that Broadcom expects to shift back to 70/30 compute/networking going forward, implying a double-digit quarter-over-quarter decline in AI networking revenue and an acceleration in custom silicon. Rosenblatt analyst Cassidy writes in the analyst note that Broadcom reported a mostly inline quarter with AI revenue up 46% Q/Q and guided to 60% Y/Y growth. The analyst said that based on good visibility from its three XPU customers, management believes this growth rate can continue into 2026. He was interested in adopting Broadcom's Ethernet products to scale up connectivity and scaling out. Scale-up unit volumes are 5x to 10x higher than scale-out, Cassidy said. The analyst noted that the applications are for both LLM training and inference. He said that with three hyper-scale customers ramping up production, management discussed the other four XPU prospects. Cassidy continued recommending the stock for its strong custom ASIC capabilities. While the second-quarter results and third-quarter guide may be viewed as only a 'skinny beat,' underneath the covers was a very bullish outlook from Broadcom management, Cantor analyst Prisco stated. Broadcom remains Prisco's top pick. AI Semi revenues were guided at +16% Q/Q and 60% Y/Y for the third quarter, with management then suggesting improved visibility today that gives them confidence that the AI semiconductor business can grow at this ~60% rate for all of fiscal 2025 and 2026, the analyst said. He said that AI semiconductor revenues are projected to reach $20 billion+ in fiscal 2025 and $30 billion+ in fiscal 2026, delivering meaningful upside to consensus into calendar 2026. Prisco remarked that non-AI Semiconductor revenues continue to bounce along the bottom while the cash cow Infrastructure Software grows modestly. On a relatively modest beat and raise, Broadcom's shares are off about 4% after hours as investors grapple with results that were closer to the small upside that pummelled Marvell's shares last week versus the stronger outperformance delivered by Nvidia when adjusting for their Chinese exposure, analyst Acree stated. The analyst writes that he understands investors taking profits, particularly considering the company's $120-plus run since its recent early April lows of about $139. He continues to believe Broadcom represents an attractive opportunity as the number two provider of advanced accelerated compute and networking solutions to the AI industry, with direct leverage to the steadily increasing capex budgets of a growing number of the market's largest hyperscale investors. Price Action: AVGO stock is trading lower by 5.25% to $243.28 at the last check Friday. Read Next:Photo by Ken Wolter via Shutterstock Date Firm Action From To Mar 2022 Truist Securities Maintains Buy Mar 2022 JP Morgan Maintains Overweight Mar 2022 Morgan Stanley Maintains Overweight View More Analyst Ratings for AVGO View the Latest Analyst Ratings UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? BROADCOM (AVGO): Free Stock Analysis Report This article Broadcom Gets Mixed Reactions As Modest Earnings Beat Sparks Profit-Taking originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
