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Cash Out Of Sphere Entertainment, Profitability Outlook 'Underwhelming,' Says Bearish Analyst
Tuesday, September 3, 2024 - 12:39pm | 325Sphere Entertainment Co (NYSE:SPHR), the company behind the Las Vegas Sphere, has high production costs and scalability issues. Despite the company’s penchant for novelty events, like last month’s “Wizard of Oz” screening, the profitability outlook is "underwhelming,"...
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FanDuel's 'Best US Performance' In Q2 Pressures DraftKings To Scrap Surcharge Plan
Wednesday, August 14, 2024 - 11:30am | 1100A decision by DraftKings Inc (NASDAQ:DKNG) to place a winning bet surcharge in high-tax states was met with backlash and shares fell further Monday night after rival Flutter Entertainment (NYSE:FLUT) announced it would not be enacting the same charge. Analysts examine Flutter's Q2 earnings and a...
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Expedia's Q2 Triumph: Analysts Highlight Vrbo As 'Bright Spot,' Praise Growth In Business Partnerships
Friday, August 9, 2024 - 11:15am | 1062Shares of Expedia Group Inc (NASDAQ:EXPE) skyrocketed in early trading on Friday, after the company reported upbeat second-quarter earnings. The results came amid an exciting earnings season. Here are some key analyst takeaways. Goldman Sachs On Expedia Group Analyst Eric Sheridan maintained a Buy...
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Airbnb Invests 'For Growth While Consumer Slows'; 6 Analysts Cut Forecasts After Q2 Results
Wednesday, August 7, 2024 - 12:24pm | 1178Airbnb Inc (NASDAQ:ABNB) shares tanked in early trading on Wednesday, after the company reported downbeat second-quarter earnings. The results came amid an exciting earnings season. Here are some key analyst takeaways. JPMorgan analyst Doug Anmuth reiterated a Neutral rating, while reducing the...
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AMC Stock To 'Remain Volatile' After Q2 Results: Analysts Praise Market Share Gains, Caution On Balance Sheet
Monday, August 5, 2024 - 11:50am | 832Movie theater company AMC Entertainment Holdings (NYSE:AMC) is drawing praise from analysts for market share gains and a strong end to the second quarter, but balance sheet concerns remain after reporting quarterly results. The AMC Analysts: Wedbush analyst Alicia Reese maintains a Neutral rating...
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Block Inc. Earns Analyst Praise: Q2 Results Showcase Cash App Growth, Strategic Innovations
Friday, August 2, 2024 - 2:09pm | 792Shares of Block Inc (NYSE:SQ) were trading flat on Friday, after the company reporting its second-quarter results. The results came amid an exciting earnings season. Here are some key analyst takeaways. JPMorgan On Block Analyst Tien-tsin Huang reaffirmed an Overweight rating, while raising the...
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DraftKings Reports Q2 Miss, Analysts Wonder If Surcharges On Winnings Are A 'Gamble'
Friday, August 2, 2024 - 12:43pm | 660Shares of DraftKings Inc (NASDAQ:DKNG) tanked in early trading on Friday, after the company reported its second-quarter results. The results came amid an exciting earnings season. Here are some key analyst takeaways. Benchmark analyst Mike Hickey reaffirmed a Buy rating, while cutting the price...
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10 Amazon Analysts Assess Q2 Earnings: Strong AWS Growth, Retail Challenges
Friday, August 2, 2024 - 12:00pm | 1442Shares of Amazon.com Inc (NASDAQ:AMZN) tanked in early trading on Friday, after the company reporting mixed second-quarter results. The results came amid an exciting earnings season. Here are some key analyst takeaways. Piper Sandler On Amazon Analyst Thomas Champion reiterated an Overweight rating...
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Pinterest Shares Plunge Despite Upbeat Q2 Results: 6 Analysts On Guidance, Future Growth
Wednesday, July 31, 2024 - 12:29pm | 912Shares of Pinterest Inc (NYSE:PINS) tanked in early trading on Wednesday, despite the company reporting upbeat second-quarter results. The results came amid an exciting earnings season. Here are some key analyst takeaways. Wedbush On Pinterest Analyst Scott Devitt reiterated a Neutral rating, while...
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ON Semiconductor Manages Profitability Against Odds, 5 Analysts Raise Forecasts As 'Inventory Health Slowly Improves'
Tuesday, July 30, 2024 - 11:36am | 723Shares of ON Semiconductor Corp (NASDAQ:ON) tanked in early trading on Tuesday, despite the company reporting upbeat second-quarter earnings. The results came amid an exciting earnings season. Here are some key analyst takeaways. Goldman Sachs analyst Toshiya Hari reiterated a Buy rating, while...
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Movano Evie Ring Could Soon Get FDA Clearance, Analyst Says: 'A Validated Wearable Device Truly Opens The Market'
Tuesday, July 30, 2024 - 10:28am | 309Shares of Movano Inc (NASDAQ:MOVE) have tanked more than 50% year to date. The FDA clearance of the company's Evie ring is expected this quarter, with a full commercial launch likely later this year, according to Benchmark. Analyst Bruce Jackson initiated coverage of with a Speculative Buy rating...
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Halliburton Lowers 2024 Outlook, Analysts Forecast 'More Muted' 2025
Monday, July 22, 2024 - 10:40am | 525Shares of Halliburton Company (NYSE:HAL) were tanking in early trading on Monday, after the company reported its second-quarter results. The results came amid an exciting earnings season. Here are some key analyst takeaways. RBC Capital Markets analyst Keith Mackey reiterated an Outperform rating...
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Netflix Q2 Earnings Preview: Can Ad-Supported Growth, New Releases Sustain Investor Hype?
Wednesday, July 17, 2024 - 12:51pm | 1068Investors and analysts could focus on upcoming content and growth of the ad-supported plan when streaming giant Netflix Inc (NASDAQ:NFLX) reports second-quarter financial results on Thursday, July 18 after market close. Here are the earnings estimates, what analysts are saying and key items to...
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Netflix 'Continues To Enhance Monetization': Analysts Highlight Ad-Supported Growth, Future Revenue Opportunity
Tuesday, July 16, 2024 - 4:06pm | 606A second-quarter earnings update from Netflix Inc (NASDAQ:NFLX) could be all about ad-supported plan growth and future monetization, analysts say ahead of the company's July 17 report. The Netflix Analysts: Benchmark analyst Matthew Harrigan maintained a Sell rating on Netflix and raised the price...
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Paramount Analyst On Risk-Reward After Skydance Merger: 'We Think Shares Are Worth A Shot At The Current Price'
Tuesday, July 9, 2024 - 4:14pm | 562A leading analyst sizes up the impact on the future growth of Paramount Global (NASDAQ:PARA) (NASDAQ:PARAA) after the media company announced a merger with Skydance. The Paramount Analyst: Benchmark analyst Daniel Kurnos has a Buy rating on Paramount and a $19 price target. The Analyst Takeaways:...