Latest news with #Clarus
Yahoo
04-08-2025
- Business
- Yahoo
Topgolf Callaway, Clarus, Frontdoor, and Guess Stocks Trade Up, What You Need To Know
What Happened? A number of stocks jumped in the afternoon session after markets rebounded following a sharp sell-off in the previous trading session as weaker-than-expected U.S. jobs data fueled investor hopes for a potential interest rate cut by the Federal Reserve. The July Nonfarm Payrolls report revealed a gain of only 73,000 jobs, significantly below the 110,000 expected. Compounding the news, prior months' figures were revised downward by over 250,000 jobs. This data, indicating a cooling labor market, has led investors to dramatically increase bets on a September interest rate cut by the Federal Reserve, with the probability jumping to over 80% according to the CME FedWatch Tool. The prospect of lower borrowing costs typically stimulates economic activity and boosts consumer spending on non-essential goods and services, which directly benefits companies in the consumer discretionary space. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Among others, the following stocks were impacted: Leisure Facilities company Topgolf Callaway (NYSE:MODG) jumped 4.8%. Is now the time to buy Topgolf Callaway? Access our full analysis report here, it's free. Leisure Products company Clarus (NASDAQ:CLAR) jumped 3.2%. Is now the time to buy Clarus? Access our full analysis report here, it's free. Specialized Consumer Services company Frontdoor (NASDAQ:FTDR) jumped 3.3%. Is now the time to buy Frontdoor? Access our full analysis report here, it's free. Apparel and Accessories company Guess (NYSE:GES) jumped 3.9%. Is now the time to buy Guess? Access our full analysis report here, it's free. Zooming In On Topgolf Callaway (MODG) Topgolf Callaway's shares are extremely volatile and have had 34 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 6 days ago when the stock dropped 3.1% as the latest U.S. consumer confidence report revealed underlying weakness despite a headline increase, raising concerns about future spending. While the Conference Board's headline Consumer Confidence Index rose to 97.2 in July, the details painted a more cautious picture for investors. The Present Situation Index, a measure of consumers' assessment of current business and labor market conditions, actually fell. More telling for the sector, the report showed a decline in buying intentions for major discretionary items such as homes, cars, and most appliances. This combination of factors signals potential weakness in future consumer spending, casting a shadow over companies that rely on non-essential purchases. Topgolf Callaway is down 4.8% since the beginning of the year, and at $8.57 per share, it is trading 38.8% below its 52-week high of $14 from August 2024. Investors who bought $1,000 worth of Topgolf Callaway's shares 5 years ago would now be looking at an investment worth $433.94. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.
Yahoo
01-08-2025
- Business
- Yahoo
Clarus (NASDAQ:CLAR) Exceeds Q2 Expectations
Outdoor lifestyle and equipment company Clarus (NASDAQ:CLAR) beat Wall Street's revenue expectations in Q2 CY2025, but sales fell by 2.2% year on year to $55.25 million. Its non-GAAP loss of $0.03 per share was $0.02 below analysts' consensus estimates. Is now the time to buy Clarus? Find out in our full research report. Clarus (CLAR) Q2 CY2025 Highlights: Revenue: $55.25 million vs analyst estimates of $53.38 million (2.2% year-on-year decline, 3.5% beat) Adjusted EPS: -$0.03 vs analyst estimates of -$0.01 ($0.02 miss) Adjusted EBITDA: -$2.10 million vs analyst estimates of -$658,600 (-3.8% margin, significant miss) Operating Margin: -19.7%, down from -14.4% in the same quarter last year Market Capitalization: $138.2 million 'Despite continued headwinds across the global outdoor market, we remain focused on operational execution and disciplined investment aligned with our strategic roadmap,' said Warren Kanders, Clarus' Executive Chairman. Company Overview Initially a financial services business, Clarus (NASDAQ:CLAR) designs, manufactures, and distributes outdoor equipment and lifestyle products. Revenue Growth A company's long-term performance is an indicator of its overall quality. Any business can put up a good quarter or two, but many enduring ones grow for years. Unfortunately, Clarus's 4.4% annualized revenue growth over the last five years was sluggish. This fell short of our benchmark for the consumer discretionary sector and is a poor baseline for our analysis. Long-term growth is the most important, but within consumer discretionary, product cycles are short and revenue can be hit-driven due to rapidly changing trends and consumer preferences. Clarus's performance shows it grew in the past but relinquished its gains over the last two years, as its revenue fell by 10.6% annually. This quarter, Clarus's revenue fell by 2.2% year on year to $55.25 million but beat Wall Street's estimates by 3.5%. Looking ahead, sell-side analysts expect revenue to remain flat over the next 12 months. While this projection indicates its newer products and services will catalyze better top-line performance, it is still below the sector average. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Operating Margin Clarus's operating margin has shrunk over the last 12 months and averaged negative 18.8% over the last two years. Unprofitable consumer discretionary companies with falling margins deserve extra scrutiny because they're spending loads of money to stay relevant, an unsustainable practice. Clarus's operating margin was negative 19.7% this quarter. The company's consistent lack of profits raise a flag. Earnings Per Share We track the long-term change in earnings per share (EPS) for the same reason as long-term revenue growth. Compared to revenue, however, EPS highlights whether a company's growth is profitable. Sadly for Clarus, its EPS declined by 16.8% annually over the last five years while its revenue grew by 4.4%. This tells us the company became less profitable on a per-share basis as it expanded. In Q2, Clarus reported adjusted EPS at negative $0.03, in line with the same quarter last year. This print missed analysts' estimates. Over the next 12 months, Wall Street is optimistic. Analysts forecast Clarus's full-year EPS of negative $0.08 will reach break even. Key Takeaways from Clarus's Q2 Results It was good to see Clarus beat analysts' revenue expectations this quarter. On the other hand, its EBITDA and EPS fell short of Wall Street's estimates. Overall, this was a weaker quarter. The stock remained flat at $3.57 immediately following the results. Clarus's latest earnings report disappointed. One quarter doesn't define a company's quality, so let's explore whether the stock is a buy at the current price. The latest quarter does matter, but not nearly as much as longer-term fundamentals and valuation, when deciding if the stock is a buy. We cover that in our actionable full research report which you can read here, it's free. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-07-2025
- Business
- Yahoo
Earnings To Watch: Clarus (CLAR) Reports Q2 Results Tomorrow
Outdoor lifestyle and equipment company Clarus (NASDAQ:CLAR) will be announcing earnings results this Thursday afternoon. Here's what to expect. Clarus beat analysts' revenue expectations by 7.5% last quarter, reporting revenues of $60.43 million, down 12.8% year on year. It was a softer quarter for the company, with a significant miss of analysts' adjusted operating income estimates and a significant miss of analysts' EBITDA estimates. Is Clarus a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Clarus's revenue to decline 5.5% year on year to $53.38 million, a further deceleration from the 2.5% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.01 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Clarus has missed Wall Street's revenue estimates five times over the last two years. Looking at Clarus's peers in the consumer discretionary segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Polaris's revenues decreased 5.6% year on year, beating analysts' expectations by 9.2%, and Brunswick reported flat revenue, topping estimates by 16.4%. Polaris traded up 17% following the results while Brunswick was down 6%. Read our full analysis of Polaris's results here and Brunswick's results here. There has been positive sentiment among investors in the consumer discretionary segment, with share prices up 7.5% on average over the last month. Clarus is up 9.2% during the same time and is heading into earnings with an average analyst price target of $4.36 (compared to the current share price of $3.79). Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Hamilton Spectator
22-07-2025
- Business
- Hamilton Spectator
Adyton Resources Announces C$10 Million Private Placement of Units
Not for distribution to U.S. news wire services or dissemination in the United States BRISBANE, Australia, July 22, 2025 (GLOBE NEWSWIRE) — Adyton Resources Corp. (TSXV: ADY) (FSE: 701GR) ('Adyton' or the 'Company') is pleased to announce it has entered into an agreement with Clarus Securities Inc. ('Clarus') and PowerOne Capital Markets Limited ('PowerOne' and, together with Clarus the 'Lead Agents') pursuant to which the Lead Agents will act on behalf of the Company, on a 'best-efforts' agency basis in connection with a brokered private placement (the 'Offering') of up to 25,000,000 units of the Company (each a 'Unit'), at a price per Unit of $0.40, for aggregate gross proceeds of up to $10,000,000. The Company will also grant the Co-Lead Agents an option (the 'Over-Allotment Option') to offer an additional 5,000,000 Units (the 'Additional Units') at the Offering Price (as defined below), exercisable in whole or in part, at any time up to 48 hours prior to the closing of the Offering. Assuming the full exercise of the Over-Allotment Option, the aggregate gross proceeds of the Offering are expected to be approximately C$12,000,000. Each Unit shall consist of one common share of the Company (each a 'Share') and one-half of one common share purchase warrant (each whole warrant a 'Warrant'). Each Warrant shall entitle the holder to purchase one Share at a price of $0.60 for a period of 24 months following the Closing Date. The net proceeds raised from the Offering will be used for the continued exploration and advancement of the Company's exploration program on its mineral properties and for general working capital and corporate purposes. The Units to be issued under the Offering will be offered pursuant to applicable exemptions from the prospectus requirements under applicable securities laws. Closing of the Offering is anticipated to occur on or about August 13, 2025 or such other date as may be agreed to by the Company and Clarus (the 'Closing Date'). The securities issued pursuant to the Offering will be subject to a statutory hold period of four months plus one day from the Closing Date in accordance with applicable securities legislation. This proposed Offering is subject to receipt of all required regulatory approvals, including the approval of the TSX Venture Exchange. About Adyton Resources Corp. Adyton Resources Corporation is focused on the development of gold and copper resources in world class mineral jurisdictions. It currently has a portfolio of highly prospective mineral exploration projects in Papua New Guinea on which it is exploring to expand its identified gold Inferred and Indicated Mineral Resources and expand on its recent significant copper drill intercepts on the 100% owned Feni Island project. The Company's mineral exploration projects are located on the Pacific Ring of Fire on easy to access island locations which hosts several globally significant copper and gold deposits including the Lihir gold mine and Panguna copper/gold mine on Bougainville Island, both neighboring projects to the Company's Feni Island project. Adyton has a total Mineral Resource Estimate inventory within its PNG portfolio of projects comprising indicated resources of 173,000 ounces gold and inferred resources of 2,000,000 ounces gold. The Feni Island Project currently has a mineral resource prepared in accordance with NI 43-101 dated October 14, 2021, which has outlined an initial inferred mineral resource of 60.4 million tonnes at an average grade of 0.75 g/t Au, for contained gold of 1,460,000 ounces, assuming a cut-off grade of 0.5 g/t Au. See the NI 43-101 technical report entitled 'NI 43-101 Technical Report on the Feni Gold-Copper Property, New Ireland Province, Papua New Guinea prepared for Adyton Resources by Mark Berry (MAIG), Simon Tear (MIGI PGeo), Matthew White (MAIG) and Andy Thomas (MAIG), each an independent mining consultant and 'qualified person' as defined in NI 43-101,available under Adyton's profile on SEDAR+ at . Mineral resources are not mineral reserves and have not demonstrated economic viability. The Fergusson Island Project currently has a mineral resource prepared in accordance with NI 43-101 dated October 14, 2021, which outlined an indicated mineral resource of 4.0 million tonnes at an average grade of 1.33 g/t Au for contained gold of 173,000 ounces and an inferred mineral resource of 16.3 million tonnes at an average grade of 1.02 g/t Au for contained gold of 540,000 ounces. See the technical report entitled 'NI 43-101 Technical Report on the Fergusson Gold Property, Milne Bay Province, Papua New Guinea' prepared for Adyton Resources by Mark Berry (MAIG), Simon Tear (MIGI PGeo), Matthew White (MAIG) and Andy Thomas (MAIG), each an independent mining consultant and 'qualified person' as defined in NI 43-101,available under the Company's profile on SEDAR+ at . Mineral resources are not mineral reserves and have not demonstrated economic viability. For more information about Adyton and its projects, visit or contact info@ . Forward-Looking Statements This press release contains certain forward-looking statements as well as historical information. Readers should not rely on information in this summary for any purpose other than for gaining general knowledge of the Company. Forward-looking statements include, but are not limited to, the closing of the Offering and the use of proceeds. The words 'expected', 'will' and similar expressions are intended to be among the statements that identify forward-looking statements. Although the Company believes that its expectations as reflected in any forward-looking statements, are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward- looking statements. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates, opinions or other factors should change. This press release is not and is not to be construed in any way as, an offer to buy or sell securities in the United States. The distribution of Adyton securities in connection with the transactions described herein will not be registered under the United States Securities Act of 1933 (the 'U.S. Securities Act') and Adyton securities may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy Adyton securities, nor shall there be any offer or sale of Adyton securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The TSX Venture Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release
Toronto Star
22-07-2025
- Business
- Toronto Star
Adyton Resources Announces C$10 Million Private Placement of Units
Not for distribution to U.S. news wire services or dissemination in the United States BRISBANE, Australia, July 22, 2025 (GLOBE NEWSWIRE) — Adyton Resources Corp. (TSXV: ADY) (FSE: 701GR) ('Adyton' or the 'Company') is pleased to announce it has entered into an agreement with Clarus Securities Inc. ('Clarus') and PowerOne Capital Markets Limited ('PowerOne' and, together with Clarus the 'Lead Agents') pursuant to which the Lead Agents will act on behalf of the Company, on a 'best-efforts' agency basis in connection with a brokered private placement (the 'Offering') of up to 25,000,000 units of the Company (each a 'Unit'), at a price per Unit of $0.40, for aggregate gross proceeds of up to $10,000,000.
