Latest news with #earnings
Forbes
43 minutes ago
- Business
- Forbes
Will CRDO Stock Rise After Earnings?
POLAND - 2025/02/19: In this photo illustration, the Credo Technology company logo is seen displayed ... More on a smartphone screen. (Photo Illustration by Piotr Swat/SOPA Images/LightRocket via Getty Images) Credo Technology (NASDAQ:CRDO), a company specializing in electrical cable and interconnect products, is set to announce its earnings on Monday, June 2, 2025. For traders focused on events, historical data since 2022 indicates that the stock has nearly an equal probability of rising or declining following its earnings announcement. CRDO recorded a positive one-day return in 54% of cases after earnings releases over the past three years. In the instances of positive performance, the median one-day return was quite significant at 23.2%, with a maximum positive one-day return of 47.9%. This underscores the considerable volatility the stock undergoes around earnings announcements. While the actual performance relative to analyst expectations and market forecasts will be crucial, recognizing these historical trends can provide an edge to event-driven traders. There are two primary strategies to consider: Analysts expect Credo Technology to announce earnings of $0.27 per share on revenues of $159.59 million. This marks a notable increase compared to the same quarter last year, when the company reported earnings of $0.07 per share on sales of $60.78 million. From a fundamental perspective, Credo Technology currently has a market capitalization of $10 billion. In the past year, the company generated $328 million in revenue. It reported an operating loss of $3.8 million but achieved a net income of $5.1 million. Therefore, if you are seeking potential gains with lower volatility than individual stocks, the Trefis High Quality portfolio offers an alternative — it has outperformed the S&P 500 and delivered returns exceeding 91% since its inception. Separately, see – What's Behind The 400% Rise In IONQ Stock? View earnings reaction history of all stocks Some insights on one-day (1D) post-earnings returns: Additional data concerning observed 5-Day (5D) and 21-Day (21D) returns following earnings releases are summarized alongside the statistics in the table below. CRDO 1D, 5D, and 21D Post Earnings Returns A relatively lower risk strategy (though ineffective if the correlation is weak) involves understanding the correlation between short-term and medium-term returns after earnings, identifying a pair that demonstrates the highest correlation, and executing the corresponding trade. For instance, if 1D and 5D exhibit the strongest correlation, a trader can position themselves "long" for the next 5 days if the 1D post-earnings return is positive. Below is some correlation data derived from the 5-year and 3-year (more recent) history. Note that the correlation 1D_5D refers to the correlation between 1D post-earnings returns and the subsequent 5D returns. CRDO Correlation Between 1D, 5D and 21D Historical Returns At times, the performance of peers can impact the stock reaction following earnings. In fact, the pricing may start to adjust before the earnings announcements are made. Below is historical data comparing the post-earnings performance of Credo Technology stock with the stock performance of peers that announced earnings just prior to Credo Technology. For an accurate comparison, peer stock returns also reflect post-earnings one-day (1D) returns. CRDO Correlation With Peer Earnings Discover more about Trefis RV strategy which has outperformed its all-cap stocks benchmark (a combination of the S&P 500, S&P mid-cap, and Russell 2000), generating strong returns for investors. Additionally, if you prefer upside with a more stable experience than investing in an individual stock like Credo Technology, consider the High Quality portfolio, which has outperformed the S&P and achieved >91% returns since its inception.
Forbes
an hour ago
- Business
- Forbes
How Will SAIC Stock React To Its Upcoming Earnings?
CANADA - 2025/03/05: In this photo illustration, the Saic (Science Applications International ... More Corporation) logo is seen displayed on a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images) Science Applications International (NASDAQ:SAIC), a technology and engineering firm that mainly provides services to the U.S. government, is set to announce its earnings on Monday, June 2, 2025. For traders driven by events, historical data indicates a tendency for a favorable one-day return in the stock after its earnings release. In the past five years, SAIC's stock has seen a positive one-day return in 63% of cases following earnings announcements. The median positive one-day return was 3.7%, with a maximum ability to yield a one-day return of 13.4%. While actual results compared to consensus estimates and overall expectations will be critical, being aware of these historical trends may provide an advantage for traders. There are two main strategies to utilize this information: Analysts estimate SAIC will report earnings of $2.12 per share on revenue of $1.87 billion. This is compared to the earnings of $1.92 per share on sales of $1.85 billion from the same quarter last year. From a fundamental standpoint, SAIC currently holds a market capitalization of $5.6 billion. In the past twelve months, the firm generated $7.5 billion in revenue, with operating profits of $561 million and net income of $362 million. That said, if you're looking for potential gains with reduced volatility compared to individual stocks, the Trefis High Quality portfolio offers an alternative, having outperformed the S&P 500 and achieving returns of over 91% since its launch. See earnings reaction history of all stocks Here are some insights regarding one-day (1D) post-earnings returns: Further data regarding the observed 5-Day (5D) and 21-Day (21D) returns post-earnings are compiled along with the respective statistics in the table below. SAIC 1D, 5D, and 21D Post Earnings Return A relatively lower-risk strategy (though it may not be useful if the correlation is minimal) is to comprehend the correlation between short-term and medium-term returns post earnings, pinpoint a pair that shows the strongest correlation, and execute the correct trade. For instance, if 1D and 5D demonstrate the highest correlation, a trader can position themselves "long" for the following 5 days if the 1D post-earnings return is favorable. Here is some correlation information based on the 5-year and more recent 3-year history. Note that the 1D_5D correlation refers to the relationship between 1D post-earnings returns and the subsequent 5D returns. SAIC Correlation Between 1D, 5D and 21D Historical Returns Discover more about Trefis RV strategy that has outperformed its all-cap stocks benchmark (which combines all 3 — the S&P 500, S&P mid-cap, and Russell 2000), delivering robust returns for investors. Separately, if you're looking for potential gains with a steadier experience than an individual stock like Science Applications International, consider the High Quality portfolio, which has outperformed the S&P and achieved returns exceeding 91% since its inception.
Yahoo
an hour ago
- Business
- Yahoo
US insurers' profits double as price rises exceed extreme weather claims
US property and casualty insurers nearly doubled their earnings between 2023 and last year despite costly extreme-weather events, according
Yahoo
an hour ago
- Business
- Yahoo
PagerDuty price target lowered to $17 from $18 at TD Cowen
TD Cowen analyst Derrick Wood lowered the firm's price target on PagerDuty (PD) to $17 from $18 and keeps a Hold rating on the shares. The firm said revenues were at high end of guide but weaker ARR/bookings and FY26 guide was lowered to 5-7%. Enterprise downgrades and SMB churn were the culprits hurting gross retention, which management believes is an anomaly. 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 Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on PD: Disclaimer & DisclosureReport an Issue PagerDuty price target lowered to $20 from $22 at RBC Capital Cautious Outlook for PagerDuty Amid Execution Risks and Revenue Challenges PagerDuty's Strong Operating Margins and Customer Growth Highlight Potential Amid Execution Challenges PagerDuty Reports Strong Q1 Fiscal 2026 Results Closing Bell Movers: Gap down 15%, Elastic off by 11% on earnings
Yahoo
an hour ago
- Business
- Yahoo
Best Buy price target lowered to $70 from $75 at Wedbush
Wedbush lowered the firm's price target on Best Buy (BBY) to $70 from $75 and keeps a Neutral rating on the shares. The firm notes the company reported mixed Q1 results that missed buy-side expectations looking for upside to consensus estimates on the top line, while delivering upside vs. consensus on the bottom line that was partially driven by a favorable tax settlement. As expected, the company revised its full year outlook lower after incorporating tariff impacts, but to a lesser degree than what was implied coming out of Q4 earnings with the company and its supplier base partially mitigating tariff headwinds in the interim months, Wedbush adds. 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 Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on BBY: Disclaimer & DisclosureReport an Issue Best Buy price target lowered to $90 from $95 at UBS Best Buy price target lowered to $80 from $90 at Loop Capital Best Buy Co: Hold Rating Amid Growth Potential and Tariff Challenges Best Buy price target lowered to $82 from $92 at Piper Sandler Best Buy price target lowered to $63 from $75 at BofA 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
