Management raised free cash flow guidance to roughly $150 million from $100 million, a fifth straight EPS beat built on expense discipline. Comparable sales fell 1.2% but turned positive in the final four weeks, and revenue missed estimates.
Latest Activity
Seven straight quarters of EPS beats go on the line before the open, with consensus at $0.78 on $2.04 billion in revenue. Last quarter the stock dropped 21% because revenue missed even as earnings beat, so the top line is what decides this one.
AAP Coverage
Here Are Monday’s Top Wall Street Analyst Research Calls: Block, Boise Cascade, Equifax, FirstEnergy, Lockheed Martin, Lumentum Holdings, NetApp, Roper Technologies, Spotify, Technology, and More
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Monday’s Top Analyst Upgrades and Downgrades: AbbVie, Adobe, Advance Auto Parts, Anheuser-Busch, Bumble, Fortinet, Nike, Palo Alto Networks and More
Monday's top analyst upgrades and downgrades included AbbVie, Adobe, Advance Auto Parts, Anheuser-Busch InBev, Bumble, Fortinet, Nike and Palo Alto Networks.
Tuesday Top Analysts Upgrades and Downgrades: Advance Auto Parts, Blackrock, Bristol-Myers Squibb Company, CAVA Group, Charles Schwab, First Solar, Fox Corporation, Invesco, Northern Trust, Shockwave Medical, Tesla and More
These are the top analyst upgrades, downgrades, and initiations seen before markets opened on Tuesday, July 11, 2023.
Tuesday’s Top Analyst Upgrades and Downgrades: Advance Auto Parts, Alphabet, Micron Technology, Ross Stores, Tesla and More
Tuesday's top analyst upgrades and downgrades included Advance Auto Parts, Alphabet, Biogen, Cheesecake Factory, Chesapeake Energy, Micron Technology, MongoDB, Ross Stores, Tesla and TG Therapeutics.