Latest news with #stockprice
Bloomberg
27-05-2025
- Business
- Bloomberg
Sell Your Crypto on the Stock Exchange
Last Tuesday, SharpLink Gaming Inc. was an online marketing company for sports betting with a stock price of about $2.91 per share and an equity market capitalization of about $2 million. It was listed on the Nasdaq, but only barely; a few weeks ago it had to do a reverse stock split to stay above Nasdaq's $1 minimum stock price, and it also didn't meet Nasdaq's minimum $2.5 million shareholders' equity requirement. So on Tuesday it announced a stock offering, raising $4.5 million at $2.94 per share, with a use of proceeds of 'regaining compliance with Nasdaq's minimum requirement for total stockholders' equity.' Though it added: 'We may elect to use a portion of the proceeds to acquire crypto currencies in connection with execution of the potential treasury strategy we currently have under consideration.' And why wouldn't it? SharpLink was only in the very most technical sense a US public company: It had a public listing, but with a $2 million market capitalization it did not really meet the requirements for a public listing, and its business — with revenue in the mid seven figures — did not really justify the expense and complexity of being a public company. In the past, that would be bad.
Yahoo
26-05-2025
- Business
- Yahoo
SAIC (SAIC) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
Wall Street expects a year-over-year increase in earnings on higher revenues when SAIC (SAIC) reports results for the quarter ended April 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on June 2, 2025, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. This information technology company is expected to post quarterly earnings of $2.14 per share in its upcoming report, which represents a year-over-year change of +11.5%. Revenues are expected to be $1.86 billion, up 0.9% from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For SAIC, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -5.46%. On the other hand, the stock currently carries a Zacks Rank of #3. So, this combination makes it difficult to conclusively predict that SAIC will beat the consensus EPS estimate. Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that SAIC would post earnings of $2 per share when it actually produced earnings of $2.57, delivering a surprise of +28.50%. Over the last four quarters, the company has beaten consensus EPS estimates three times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. SAIC doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Another stock from the Zacks Computers - IT Services industry, Nutanix (NTNX), is soon expected to post earnings of $0.38 per share for the quarter ended April 2025. This estimate indicates a year-over-year change of +35.7%. Revenues for the quarter are expected to be $626.12 million, up 19.4% from the year-ago quarter. The consensus EPS estimate for Nutanix has remained unchanged over the last 30 days. However, a higher Most Accurate Estimate has resulted in an Earnings ESP of 5.26%. This Earnings ESP, combined with its Zacks Rank #3 (Hold), suggests that Nutanix will most likely beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Science Applications International Corporation (SAIC) : Free Stock Analysis Report Nutanix (NTNX) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
26-05-2025
- Business
- Yahoo
Earnings Preview: Campbell's (CPB) Q3 Earnings Expected to Decline
Campbell's (CPB) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended April 2025. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on June 2, 2025, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. This maker of canned soup, Pepperidge Farm cookies and V8 juice is expected to post quarterly earnings of $0.65 per share in its upcoming report, which represents a year-over-year change of -13.3%. Revenues are expected to be $2.44 billion, up 2.9% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 0.49% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Campbell, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.30%. On the other hand, the stock currently carries a Zacks Rank of #3. So, this combination makes it difficult to conclusively predict that Campbell will beat the consensus EPS estimate. While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Campbell would post earnings of $0.73 per share when it actually produced earnings of $0.74, delivering a surprise of +1.37%. Over the last four quarters, the company has beaten consensus EPS estimates four times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Campbell doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Campbell's Company (CPB) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research 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
22-05-2025
- Business
- Yahoo
APA (NasdaqGS:APA) Announces Regular Dividend Of US$0.25 Per Share
APA Corporation, after declaring a dividend of 25 cents per share with a payment date set for August, saw a 7.81% increase in its stock price last month. This move aligns with the company's affirmation of steady financial health, mirrored by a robust earnings report showing substantial growth in both revenue and net income. Despite broader market declines, APA's encouraging production results and confirmed corporate guidance likely supported this positive performance, counterbalancing any market hesitations due to fluctuating bond yields and ongoing fiscal policy discussions. APA's consistent dividend payments reflect its ongoing commitment to shareholder value. Be aware that APA is showing 2 warning signs in our investment analysis. The end of cancer? These 23 emerging AI stocks are developing tech that will allow early identification of life changing diseases like cancer and Alzheimer's. The recent dividend declaration by APA Corporation and its resulting share price increase of 7.81% has the potential to enhance confidence in its financial strategy, emphasizing dividend sustainability amidst broader market uncertainties. Given the company's strategic focus on production advancements in Egypt and Suriname, these moves could positively influence medium-term revenue and earnings projections, potentially improving net margins through cost efficiencies and enhanced asset integration efforts. This aligns with the narrative suggesting production growth and operational improvements as key catalysts for future performance. Over a five-year period, APA's total shareholder return, including dividends, reached 48.62%. This return highlights a significant long-term growth trajectory, providing a stark contrast to its recent one-year underperformance relative to the US Oil and Gas industry and broader US market. The industry's decline of 7.4% and the US market's growth of 9.1% over the past year positions APA's recent results within a broader underperformance context, emphasizing the importance of continued operational and strategic execution. The share price movement, currently at US$15.73, shows a significant discount compared to the analyst consensus price target of US$22.70. The anticipation of achieving cost reductions and production efficiencies could narrow this gap over time, assuming successful execution on key projects such as Suriname's GranMorgu field, which intends to increase production capacity significantly by 2028. However, execution risks in cost-saving initiatives and geopolitical factors remain potential hurdles for achieving the projected revenue of US$8.4 billion and earnings of US$977.4 million by 2028. Therefore, maintaining a focus on operational efficiency and strategic growth is imperative for meeting these forecasts. Learn about APA's historical performance here. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqGS:APA. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Bloomberg
20-05-2025
- Business
- Bloomberg
Kraft Heinz Mulls Deals After Berkshire Hathaway Exits Board
By Kraft Heinz Co. said it is evaluating potential 'strategic transactions' in an effort to boost its stock price, and announced that Berkshire Hathaway Inc. is giving up its seats on the board. The beleaguered owner of the Heinz and Oscar Mayer brands cut its annual sales and profit outlook earlier this month after posting its sixth straight quarter of revenue declines. Inflation, recession fears, mounting competition and the threat of tariffs have been weighing on consumer confidence and the company's performance.
