Wirestock/iStock via Getty Images Summary On the most recent quarterly earnings call, management maintains a robust outlook for concert bookings for the rest of the year. New York City is expected to see a rebound in tourism growth this year partly due to the World Cup, which is expected to bring in $1.8bn in direct spending. This incremental spend will likely be used on sporting events, concerts,...
Wirestock/iStock via Getty Images Summary On the most recent quarterly earnings call, management maintains a robust outlook for concert bookings for the rest of the year. New York City is expected to see a rebound in tourism growth this year partly due to the World Cup, which is expected to bring in $1.8bn in direct spending. This incremental spend will likely be used on sporting events, concerts, and shows, which should support the earnings growth for Madison Square Garden Entertainment ( MSGE ). The stock is trading at a reasonable valuation of 3x forward P/S compared to peers and a PEG ratio of less than 1x. I rate the stock as a BUY. Company background Madison Square Garden Entertainment operates a portfolio of music, theater, and sports performance venues mainly in New York City. Its portfolio includes the self-owned Madison Square Garden (New York), Infosys Theater at Madison Square Garden (New York), and The Chicago Theatre (Chicago). On a lease basis, MSGE operates Music City Radio Hall and the Beacon Theater, both in New York City. Earnings beat in FY3Q26 - costs expected to stabilize Revenue grew by 2% yoy to $246m for the quarter ending March 2026, primarily due to higher suite license fees, a higher number of concerts held at Madison Square Garden coupled with higher sponsorship revenues. The company's primary money-making show, The Christmas Spectacular, carried over into the quarter ending in March. Expenses increased due to a combination of higher employee expenses, higher rent, and higher licensing agreement splits. FY3Q26 operating income fell to $16.1m (-41% yoy), because of higher SG&A, operating expenses, and restructuring charges. The previous year's quarter also had several multi-night residency performances, which have lower costs, and these multi-night events occurred less frequently in the most recent quarter. Management cited that costs are expected to normalize going forward. Both revenue and EPS of $0.25 excluding restructuring costs, bea...
sasacvetkovic33/iStock via Getty Images Comstock Resources ( CRK ) reported outspending the capital budget and then reported a production decline. This left management in a tough situation during the conference call . The market was of course not convinced enough that the stock price dropped about 13% during the day. But the company has a new discovery (as mentioned in the last article ) and a lot...
sasacvetkovic33/iStock via Getty Images Comstock Resources ( CRK ) reported outspending the capital budget and then reported a production decline. This left management in a tough situation during the conference call . The market was of course not convinced enough that the stock price dropped about 13% during the day. But the company has a new discovery (as mentioned in the last article ) and a lot of new acreage. As it goes about delineating that acreage, there is going to be a cost until it knows the acreage. You further have a major shareholder as touched upon in the conference call that controls about two-thirds of the outstanding stock (very roughly). That gives management the ability to lock up a lot of acreage and drill to hold that acreage while learning about the basin in the process. This is not an unlimited free spending situation. But it does take time to accomplish what management wants to do with the new discovery. It did not help that there were a series of events discussed in the conference call that delayed the beginning of production of new wells (really until the second quarter for the most part). So, there was a combination of circumstances that produced those bad numbers. The well delay is going to be resolved in the second quarter. As far as the approved goals for the discovery, here is the complete statement on the situation from the board Chairman: "And finally, number five, which is what most of this conversation has been on, optimize the drilling and completion of our wells in the Western Haynesville. Of the 44 wells we have drilled through the first quarter, many have different vertical designs and they were drilled to various depths with laterals of various lengths, which were drilled and completed with different methods and tools as Dan has gone on and on about. We've also produced the wells by employing different drawdown levels. The well performance has varied, which should be expected in a new shale play. That is the good news as we ar...
Former manager died in September 2025 aged 47 Burnley exit was ‘catalyst for decline in mental health’ A pre-inquest hearing regarding the former Liverpool manager Matt Beard has heard that his family felt he was “bullied” by Burnley before his death. Beard, who won back-to-back Women’s Super League titles in 2013 and 2014 with Liverpool, was in charge at Burnley from June to August 2025 before re...
Former manager died in September 2025 aged 47 Burnley exit was ‘catalyst for decline in mental health’ A pre-inquest hearing regarding the former Liverpool manager Matt Beard has heard that his family felt he was “bullied” by Burnley before his death. Beard, who won back-to-back Women’s Super League titles in 2013 and 2014 with Liverpool, was in charge at Burnley from June to August 2025 before resigning just over three weeks before he died aged 47 on 20 September 2025. Continue reading...
AMZN rides on 28% AWS surge and AI momentum, but soaring capex and weak cash flow cloud outlook-leaving investors weighing whether to hold at premium levels.
AMZN rides on 28% AWS surge and AI momentum, but soaring capex and weak cash flow cloud outlook-leaving investors weighing whether to hold at premium levels.
Strathcona Resources Ltd. press release ( SCR:CA ): Q1 production of 117 Mboe/d (99.7% liquids) was in-line versus the fourth quarter of 2025. Operating earnings of $194 million ($0.91 / share). FCF of $47 million ($0.22 / share). Strathcona's 2026 production guidance of 120 to 130 Mbbls / d and capital budget of $1.0 billion is unchanged, as is its 2026 first half production guidance of 115 to 12...
Strathcona Resources Ltd. press release ( SCR:CA ): Q1 production of 117 Mboe/d (99.7% liquids) was in-line versus the fourth quarter of 2025. Operating earnings of $194 million ($0.91 / share). FCF of $47 million ($0.22 / share). Strathcona's 2026 production guidance of 120 to 130 Mbbls / d and capital budget of $1.0 billion is unchanged, as is its 2026 first half production guidance of 115 to 120 Mbbls / d and year end 2026 exit rate of approximately 135 Mbbls / d (reflecting an approximately 15% exit-to-exit growth rate). More on Strathcona Resources Ltd. Strathcona Resources Ltd. (SCR:CA) Shareholder/Analyst Call Prepared Remarks Transcript Strathcona Resources: Scaling Energy Name With Potential For Outperformance Historical earnings data for Strathcona Resources Ltd. Dividend scorecard for Strathcona Resources Ltd. Financial information for Strathcona Resources Ltd.
Klaus Vedfelt/DigitalVision via Getty Images Truthfully, the last few months have been a disappointing time for shareholders of Brunswick Corporation ( BC ). Back in early February of this year, I decided to downgrade the stock from a "Buy" to a "Hold." I was encouraged by some of its financial performance. Revenue and some profitability metrics had shown signs of growth. Management continued to f...
Klaus Vedfelt/DigitalVision via Getty Images Truthfully, the last few months have been a disappointing time for shareholders of Brunswick Corporation ( BC ). Back in early February of this year, I decided to downgrade the stock from a "Buy" to a "Hold." I was encouraged by some of its financial performance. Revenue and some profitability metrics had shown signs of growth. Management continued to focus on innovation, and promoting premium brands, and it had been experiencing a stabilization in retail demand. Normally, this would have justified a bullish stance. And truly, since I had previously written about the firm, shares had risen 15.7% while the S&P 500 was up 3%. The stock was not particularly pricey at the time that I downgraded it. But I became increasingly worried about economic conditions. That led me to take the more cautious approach. Since then, shares have fallen 13.3%, while the market is up 3.4%. This is even though the most recent fundamental data provided by management is slightly positive. But with the expectation that economic conditions should deteriorate further, I would argue that maintaining it as a "Hold" candidate is the right choice. Taking another cruise on Brunswick Corporation At its core, Brunswick Corporation is an interesting company. It produces and sells recreational marine engines and propulsion systems. Although I don't own a boat, my parents have one. So I definitely know the joys of cruising. Historically, the company has benefited from the love of marine transportation. Take the most recent data provided by management, which covers the first quarter of the 2026 fiscal year and which came out on April 30, as an example. During that quarter, revenue for the firm came in strong at $1.38 billion. That ended up being 12.8% above the $1.22 billion that the company reported a year earlier. Revenue was even $55.5 million above what analysts were hoping to see . Author - SEC EDGAR Data This rise in sales brought with it an increase in s...
Earnings Call Insights: Arrow Electronics (ARW) Q1 2026 Management View “We started 2026 with very strong results in the first quarter.” (Interim President, CEO & Director William Austen) “Book-to-bill ratios improved further, and we currently are at healthy levels sitting well above parity in all 3 operating regions.” (Interim President, CEO & Director Austen) “Backlog continues to build into the...
Earnings Call Insights: Arrow Electronics (ARW) Q1 2026 Management View “We started 2026 with very strong results in the first quarter.” (Interim President, CEO & Director William Austen) “Book-to-bill ratios improved further, and we currently are at healthy levels sitting well above parity in all 3 operating regions.” (Interim President, CEO & Director Austen) “Backlog continues to build into the third and fourth quarters, providing us with confidence that the momentum is sustainable.” (Interim President, CEO & Director Austen) “Value-added services, and particularly supply chain services, saw a meaningful contribution to overall operating income.” (Interim President, CEO & Director Austen) “At our core lies traditional distribution.” (Interim President, CEO & Director Austen) “The Board's search for a permanent CEO is ongoing.” (Interim President, CEO & Director Austen) “Sales for the first quarter increased $2.7 billion year-over-year to $9.5 billion exceeding our guidance range.” (Senior VP & CFO Rajesh Agrawal) Outlook “We expect sales for the second quarter to be between $9.15 billion and $9.75 billion.” (Senior VP & CFO Agrawal) “Our non-GAAP diluted earnings per share is expected to be between $4.32 and $4.52.” (Senior VP & CFO Agrawal) “We expect global component sales to be between $6.8 billion and $7.2 billion.” (Senior VP & CFO Agrawal) “In enterprise computing solutions, we expect to be between $2.35 billion $2.55 billion.” (Senior VP & CFO Agrawal) “Unlike the first quarter where we experienced heavier growth from our customers, Supply Chain Services is expected to return to a more normal profit level in the second quarter.” (Senior VP & CFO Agrawal) “The timing of organizational annual compensation increases will impact operating expenses beginning in the second quarter.” (Senior VP & CFO Agrawal) Compared with the prior call’s “gradual recovery” framing, management now said “the cyclical market recovery accelerated at a pace that exceeded our expecta...
Paul Tudor Jones speaks onstage during the 2024 Robin Hood Benefit at Jacob Javits Center on May 13, 2024 in New York City. Kevin Kane | Getty Images Billionaire hedge fund manager Paul Tudor Jones sent a warning signal on Thursday, arguing that the U.S. is late to the game on artificial intelligence regulation. "We need to do it tomorrow," he told CNBC's " Squawk Box " on Thursday. "We're late al...
Paul Tudor Jones speaks onstage during the 2024 Robin Hood Benefit at Jacob Javits Center on May 13, 2024 in New York City. Kevin Kane | Getty Images Billionaire hedge fund manager Paul Tudor Jones sent a warning signal on Thursday, arguing that the U.S. is late to the game on artificial intelligence regulation. "We need to do it tomorrow," he told CNBC's " Squawk Box " on Thursday. "We're late already. We should have already done it." According to Jones, governments need to watermark AI to distinguish between real content and deepfakes. As he raised these concerns, Jones also told CNBC that he recently bought more AI stocks. Professionals are growing increasingly concerned about the dangers of AI as the technology becomes more sophisticated. At a recent conference with AI experts and model makers, Jones said 80% of participants supported AI regulation, up from around 20% last year. The leader of one of those companies said he was surprised the industry wasn't regulated yet, Jones added. Lawmakers and experts have long advocated for regulations to mitigate the safety, privacy, and security concerns associated with the nascent technology. The European Union passed the AI Act in 2024. Some U.S. states have also passed or introduced their own legislation, many of which have targeted child safety. In March, the White House released a nationwide AI policy framework . At the same time, the U.S. is locked into a heated rivalry with China to produce the best AI models and strategy. The Wall Street Journal reported this week that both countries are considering official discussions about AI at an upcoming meeting between Trump and China's Xi Jinping. "Everyone wants what's best for their people," Jones said, adding that he doesn't believe China wants to "wipe out" the U.S. "We should be having a dialogue with them about AI safety." VIDEO 21:24 21:24 Watch CNBC's full interview with Tudor Investment Corporation founder and CIO Paul Tudor Jones Read more CNBC tech news Nvidia, ...
Have you voted yet? If you’re one of the millions of Brits with the chance to elect new councillors, mayors or assembly members today, you still have a few hours until the polls close. Here in the newsroom, we sit in that eerie quiet-before-the-storm period with little to do but wonder: will the Labour party leadership breeze through the coming days, or will the results deliver a Westminster tempe...
Have you voted yet? If you’re one of the millions of Brits with the chance to elect new councillors, mayors or assembly members today, you still have a few hours until the polls close. Here in the newsroom, we sit in that eerie quiet-before-the-storm period with little to do but wonder: will the Labour party leadership breeze through the coming days, or will the results deliver a Westminster tempest? Either way, it’s ill-advised to discuss politics at dinner time so, as evening approaches, I’ll simply leave you with a hat-trick of our contextual pre-election articles as a reminder of how we got here: How Local UK Elections Could Decide Starmer’s Fate UK Elections May Put Vulnerable Pound on Same Path as Gilts The Labour Contenders Who Could Replace a Weakened Starmer Economics, unlike politics or indeed religion, is of course fair game at the dinner table, which is fortunate as my colleague Tom Rees published a story today that warrants further attention. It concerns Britain’s rate of growth and its peculiar habit of storming ahead in the early stages of each year before sputtering to a halt in the second half. Can this really be accurate, many of us have been asking ourselves for a while now? Does Britain inexplicably shine between New Year and the Spring bank holidays, only to collapse into an unproductive slump thereafter? Judging from the weather cycle and the length of daylight hours, you’d think it was the other way around. Economists suspect there could be something amiss with the data. “One plausible explanation is that the seasonality in spending patterns has changed, which is creating gyrations in the quarterly figures,” said Dan Hanson, who heads up the UK desk at Bloomberg Economics, while Oxford Economics thinks it could be due to trends in business investment. The phenomenon, whatever is causing it, has largely emerged since the end of the pandemic, suggesting that annual habits in post-Covid Britain are not being sufficiently ironed out by the Office ...
Owning energy stocks usually means accepting volatility. Drillers live by spot crude prices, integrated majors face refining margin swings, and oilfield services firms get cut first when capex tightens. The whole sector behaves like a leveraged commodity bet you cannot control, which is why income-focused investors often avoid it. The Pacer American Energy Independence ETF ... If You Want Income F...
Owning energy stocks usually means accepting volatility. Drillers live by spot crude prices, integrated majors face refining margin swings, and oilfield services firms get cut first when capex tightens. The whole sector behaves like a leveraged commodity bet you cannot control, which is why income-focused investors often avoid it. The Pacer American Energy Independence ETF ... If You Want Income From Energy Without The Headaches, This Fund Deserves A Look
United States Natural Gas Fund (NYSE:UNG) is the most accessible way for retail investors to bet on natural gas prices without opening a futures account. The fund holds front-month NYMEX Henry Hub natural gas futures and rolls them monthly, aiming to track daily percentage changes in the spot commodity. Traders use it for short-term views ... The Roll Yield Trap That Turned $108 Into $11 Over a De...
United States Natural Gas Fund (NYSE:UNG) is the most accessible way for retail investors to bet on natural gas prices without opening a futures account. The fund holds front-month NYMEX Henry Hub natural gas futures and rolls them monthly, aiming to track daily percentage changes in the spot commodity. Traders use it for short-term views ... The Roll Yield Trap That Turned $108 Into $11 Over a Decade
Likanaris/iStock via Getty Images Coherent's ( COHR ) third-quarter fiscal 2026 results proved the company is continuing to take advantage of its AI-related opportunities. However, the stock was down about 5% during Thursday market trading. Although Coherent continues to improve its gross margin, Morgan Stanley said the growth is slower than its peers, which is challenging the stock, especially si...
Likanaris/iStock via Getty Images Coherent's ( COHR ) third-quarter fiscal 2026 results proved the company is continuing to take advantage of its AI-related opportunities. However, the stock was down about 5% during Thursday market trading. Although Coherent continues to improve its gross margin, Morgan Stanley said the growth is slower than its peers, which is challenging the stock, especially since shares have surged more than 50% over the past three months. "We were more cautious heading into the print, highlighting that expectations had largely run ahead of margins the company was likely to put up since it was still buying a lot of external lasers where pricing has gone up meaningfully," said Morgan Stanley analysts Meta Marshall and Antonio Jaramillo in a Thursday investor note. "That is largely what played out in the quarter, with revenue coming in ahead of expectations, as sequential revenue growth accelerated (even despite Industrial segment underperforming), with datacenter & communications business growing 41% Y/Y, but gross margins largely being as expected (up 60bps Q/Q, but largely in-line with guidance)." Morgan Stanley retained its Equal-weight rating and increased its price target to $330 from $290. They noted they would be buyers of the stock if today's sell-off reached double digits. Coherent CFO Sherri Luther explained her company's strategy to strengthen its gross margin during the earnings call . "Our Q3 non-GAAP gross margin was 39.6%, a 57 basis point improvement compared to the prior quarter and a 105 basis point improvement as compared to the year-ago quarter," Luther said. "We continue to execute on our gross margin expansion strategy, where we generated sequential and year-over-year increases in gross margin, primarily in the Datacenter & Communications segment. These improvements were driven by reductions in product input costs, yield improvements from 6-inch indium phosphide, as well as significant benefits from pricing optimization." Mo...
On May 6, 2026, Lisanti Capital Growth reported a complete exit from Huron Consulting Group (NASDAQ:HURN) , selling 45,590 shares for an estimated $6.85 million based on average quarterly pricing. According to a May 6, 2026, SEC filing , Lisanti Capital Growth sold all 45,590 shares of Huron Consulting Group in the first quarter of 2026. The estimated value of this transaction was $6.85 million, c...
On May 6, 2026, Lisanti Capital Growth reported a complete exit from Huron Consulting Group (NASDAQ:HURN) , selling 45,590 shares for an estimated $6.85 million based on average quarterly pricing. According to a May 6, 2026, SEC filing , Lisanti Capital Growth sold all 45,590 shares of Huron Consulting Group in the first quarter of 2026. The estimated value of this transaction was $6.85 million, calculated using the average closing price for the quarter. The exit resulted in a quarter-end net position change of $7.88 million, reflecting both the sale and movement in Huron Consulting Group’s share price during the period. Huron Consulting Group is a global professional services company with a diversified client base across healthcare, education, and business sectors. It leverages domain expertise and technology-driven solutions to address complex operational, financial, and organizational challenges for its clients. The company’s scale and integrated service offerings position it as a strategic partner for organizations seeking transformation and sustained performance improvement. Continue reading
Gladstone Investment (NASDAQ:GAIN) is the income-focused business development company that pays shareholders a $0.08 monthly distribution plus periodic supplemental payouts tied to portfolio exits. Income investors lean on GAIN for that monthly check, so the Q3 FY26 earnings miss reported February 3, 2026, where adjusted EPS came in at $0.21 against a $0.2275 estimate, raised ... Inside the $17 in...
Gladstone Investment (NASDAQ:GAIN) is the income-focused business development company that pays shareholders a $0.08 monthly distribution plus periodic supplemental payouts tied to portfolio exits. Income investors lean on GAIN for that monthly check, so the Q3 FY26 earnings miss reported February 3, 2026, where adjusted EPS came in at $0.21 against a $0.2275 estimate, raised ... Inside the $17 income play paying 5.7% yield after its biggest earnings disappointment
Allient (NASDAQ:ALNT) reported fiscal first-quarter 2026 results showing year-over-year growth in revenue, profit, and earnings, alongside a pickup in orders that management said supports a constructive outlook for the rest of the year. Chairman, President and CEO Dick Warzala sa
Allient (NASDAQ:ALNT) reported fiscal first-quarter 2026 results showing year-over-year growth in revenue, profit, and earnings, alongside a pickup in orders that management said supports a constructive outlook for the rest of the year. Chairman, President and CEO Dick Warzala sa
Earnings Call Insights: Celsius Holdings (CELH) Q1 2026 Management View "We delivered a record first quarter revenue of $783 million" (CEO & Chairman John Fieldly), and "in Circana tracked channels, our combined portfolio continued to expand its share position over the course of the quarter" (CEO & Chairman Fieldly), adding that "portfolio dollar share reach[ed] 20.9% in the 4 weeks ending April 1...
Earnings Call Insights: Celsius Holdings (CELH) Q1 2026 Management View "We delivered a record first quarter revenue of $783 million" (CEO & Chairman John Fieldly), and "in Circana tracked channels, our combined portfolio continued to expand its share position over the course of the quarter" (CEO & Chairman Fieldly), adding that "portfolio dollar share reach[ed] 20.9% in the 4 weeks ending April 12" (CEO & Chairman Fieldly). "We have 2 billion-dollar brands" (CEO & Chairman Fieldly), and "our combined portfolio represents approximately 1/5 of the U.S. energy drink market in tracked channels" (CEO & Chairman Fieldly), including: "CELSIUS continues to perform," "Alani Nu is expanding our reach," and "Rockstar gives us another point of participation" (CEO & Chairman Fieldly). "We completed the integration, and we have captured approximately $50 million in synergies" at Alani Nu (CEO & Chairman Fieldly), while "with Rockstar, the integration remains on track for completion in the first half of 2026" (CEO & Chairman Fieldly) and "we view 2026 as a stabilization year for Rockstar" (CEO & Chairman Fieldly). "We are proud to announce a multiyear global partnership with Aston Martin Aramco Formula One Team" (CEO & Chairman Fieldly) and said CELSIUS launched "Electric Vibe, a limited edition flavor inspired by soccer culture" (CEO & Chairman Fieldly), while the company also announced "a new partnership with 23XI Racing and Tyler Reddick" for Rockstar (CEO & Chairman Fieldly). "We delivered record first quarter revenue of $783 million" (CFO Jarrod Langhans) and reported brand results of "net sales of $348 million" for CELSIUS, "net sales of $368 million" for Alani Nu, and "net sales...$67 million" for Rockstar (CFO Langhans). Outlook "With Rockstar, the integration remains on track for completion in the first half of 2026" (CEO & Chairman Fieldly), and the company reiterated the margin algorithm while cautioning on inputs: "if the elevated costs remain across the year, we will...
imaginima/iStock via Getty Images Argan, Inc. ( AGX ) reported the best year in its history , with revenue of $944.6M, a backlog of $2.9B, and cash that now stands at around $888M. This is something that, without a doubt, the share price has reflected, with a YTD increase that already reaches +120%. That said, there is one detail in the quarter that has to do with the guidance management has given...
imaginima/iStock via Getty Images Argan, Inc. ( AGX ) reported the best year in its history , with revenue of $944.6M, a backlog of $2.9B, and cash that now stands at around $888M. This is something that, without a doubt, the share price has reflected, with a YTD increase that already reaches +120%. That said, there is one detail in the quarter that has to do with the guidance management has given for FY27, and that is that they expect revenue of between $415M and $440M, which would imply a 54% decline compared to the year they have just closed. It may be surprising, but it is not a profit warning if we take into account how an EPC works, meaning revenues are recognized according to the construction phases, and between the end of one cycle and the productive start of the next, there is usually a valley. So? There is no problem as such, but when a market is paying 64x the operating EBITDA of the last twelve months, at the very least, we need to review what has happened in similar situations. For example, in FY18 and FY20 , AGX went from $892M to $239M, with one of the main drivers being the completion of large projects without that immediate replacement, just as it seems may happen now. So I consider this a good moment, just as management has described in its guidance, to try to project whether the current price reflects this valley. Data by YCharts What Lies On The Other Side Of The Valley To put into context why I think this 54% decline does not necessarily have to be bad news, AGX currently has four combined-cycle gas projects signed in the United States with Full Notice to Proceed (FNTP): Sandow Lakes , with 1.2GW in Texas; CPV Basin Ranch , with 1.35GW also in Texas; an 860MW project in ERCOT; and a fourth 700MW project. So, when added together, we have more than 4GW under active contract, with estimated completions between 2028 and 2029. In other words, if we also add the international projects in Ireland of around 470MW, with FNTP also signed, the company’s $2...
In this article SHAK Follow your favorite stocks CREATE FREE ACCOUNT A sign hangs outside of a Shake Shack location on Feb. 21, 2025 in Chicago, Illinois. Scott Olson | Getty Images Shake Shack stock tumbled 30% in morning trading on Thursday after the burger chain reported an operating loss of $2.6 million. The company's earnings and revenue also fell short of Wall Street's expectations, based on...
In this article SHAK Follow your favorite stocks CREATE FREE ACCOUNT A sign hangs outside of a Shake Shack location on Feb. 21, 2025 in Chicago, Illinois. Scott Olson | Getty Images Shake Shack stock tumbled 30% in morning trading on Thursday after the burger chain reported an operating loss of $2.6 million. The company's earnings and revenue also fell short of Wall Street's expectations, based on a survey of analysts by LSEG. Shake Shack said its earnings per share broke even, well below Wall Street estimates of 12 cents per share. The chain also reported quarterly revenue of $367 million, missing estimates of $372 million. On the company's earnings conference call, Shake Shack CEO Rob Lynch said that winter storms and an increase to its projections for store openings this year weighed on the company's quarterly earnings before interest, taxes, depreciation and amortization. The burger chain has also dealt with higher beef costs, although prices aren't rising as fast as they were a year ago. For the full year, the company broadened its outlook for EBITDA to a range of $230 million to $245 million. It reiterated its revenue forecast of $1.6 billion to $1.7 billion. Shake Shack also expects the war in the Middle East will weigh on its results this year. The chain has several dozen licensed locations in the region. "The conflict has led to business disruptions ranging from temporary closures to reduced operating hours and delivery-only operations for periods of time," Lynch said. "Beyond these impacts, inbound tourism has slowed substantially, which has further pressured sales, particularly at high-traffic locations." Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
The 24/7 Wall St. price target for Joby Aviation (NYSE:JOBY) is $12.43, which implies 18.12% upside from the current $10.52 share price. Our proprietary model rates Joby a buy with moderate (50%) confidence, reflecting genuine certification momentum balanced against heavy cash burn and a 2.61 beta that amplifies every macro headline. 24/7 Wall St. Price ... Joby Price Prediction: How Much Higher C...
The 24/7 Wall St. price target for Joby Aviation (NYSE:JOBY) is $12.43, which implies 18.12% upside from the current $10.52 share price. Our proprietary model rates Joby a buy with moderate (50%) confidence, reflecting genuine certification momentum balanced against heavy cash burn and a 2.61 beta that amplifies every macro headline. 24/7 Wall St. Price ... Joby Price Prediction: How Much Higher Can The Stock Go This Year?