Consumer Discretionary

Target Likely to Report ‘Mid-Single-Digit Comp Decline’ in Q4 Results, Oppenheimer Says

/ / Consumer Discretionary /

Target (TGT) is likely to report a “mid-single-digit comp decline,” in its upcoming Q4 results, Oppenheimer said in a note in a note to clients Monday. However, EPS is now projected above the midpoint of Q4 guidance, the note said. Target is expected to report earnings this week. For 2024, Oppenheimer says management may introduce conservative guidance bracketing its $8.75 EPS estimate. Additionally, there is a possibility that the management might provide updates on “intermediate-term operating margin targets.” “We continue to see a path to a nearly 6% operating margin and $10+ in earnings by FY25,” Oppenheimer said. “Following a more than 40% rally off the October lows, we would be positioned to take advantage of any weakness with a likely conservative guide,” it added. Oppenheimer raised Target’s price target to $170 from $160 while keeping its outperform rating, citing the company as a top pick.

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Target May Guide Conservatively Following In-Line Fourth-Quarter Earnings, Oppenheimer Says

/ / Consumer Discretionary /

Target (TGT) is on track to report fiscal fourth-quarter earnings largely in line with expectations, while management may guide conservatively next week, Oppenheimer said on Monday. The brokerage raised its price target on the stock to $170 from $160, saying the outperform-rated retail chain continues to be a top pick. “Following a more than 40% rally off the October lows, we would be positioned to take advantage of any weakness with a likely conservative guide,” Oppenheimer analysts including Rupesh Parikh and Erica Eiler wrote. They raised its fourth-quarter earnings per share target to $2.40 — a penny above consensus — from a prior view of $1.90 on a stronger gross margin expansion. Target’s fourth quarter closed at the end of January, with the results due out March 5. Oppenheimer continues to model for a 5% decline in comparable sales, which is worse than the 4.5% drop market view. Grocery stores

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CFRA Keeps Buy Opinion On Shares Of Walmart Inc.

/ / Consumer Discretionary /

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: WMT shares began trading at a 3-for-1 split-adjusted price today. Accordingly, we adjust our 12-month target to $65 from $195, 27x our FY 2025 EPS view (adjusted to $2.41 from $7.23; FY 2026 adjusted to $2.60 from $7.79). Many things are working for WMT right now. In-store sales are strong as consumers are shopping for lower-priced groceries more frequently (store remodels are also lifting traffic). WMT is gaining share with upper-income households, which is helping grow its subscription program (Walmart+). Online sales are strong, as global e-commerce sales exceeded $100 billion in FY 2023, up from $82 billion in FY 2022. The growth in online sales is fueling WMT’s higher-margin ad business (global ad sales were $3.4 billion in FY 2023, up from $2.7 billion a year

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CFRA Lowers Rating To Hold From Buy On Shares Of Warner Bros. Discovery, Inc. (NASDAQ:WBD)

/ / Consumer Discretionary /

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We got this wrong as the transformation of WBD is likely to take longer with progress more visible later this year and into 2025. We are lowering our target by $3 to $11 using a forward TEV/EBITDA of 6.4x, below the direct peer average. We reduce our 2024 LPS estimate to -$0.50 from EPS of $0.10 and start 2025’s EPS at $0.15, forecasting total revenue of $41.6B in 2024 and $42.5B in 2025 compared to $41.2B in 2023. WBD posted a Q4 2023 LPS of -$0.16 and total revenue of $10.3B, both missing consensus estimates. Our EBITDA estimate is $10.5B in 2024 and $10.8B in 2025. Direct to consumer (DTC) reported -$55M adj. EBITDA and +3% revenue growth with 51% higher advertising. DTC net adds were up

CFRA Lowers Rating To Hold From Buy On Shares Of Warner Bros. Discovery, Inc. (NASDAQ:WBD) Read Post »

Domino’s Pizza’s (NYSE:DPZ) Earnings: A Preview

/ / Consumer Discretionary /

Domino’s Pizza (NYSE:DPZ) is set to give its latest quarterly earnings report on Monday, 2024-02-26. Here’s what investors need to know before the announcement. Analysts estimate that Domino’s Pizza will report an earnings per share (EPS) of $4.37. Domino’s Pizza bulls will hope to hear the company announce they’ve not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

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Warner Bros Discovery Inc (NASDAQ:WBD) Q4 2023 Earnings Conference

/ / Consumer Discretionary /

The following is a summary of the Warner Bros. Discovery, Inc. (WBD) Q4 2023 Earnings Call Transcript: Financial Performance: Warner Bros. Discovery reduced its debt by $5.4 billion in the year to stand at 3.9 times levered, continuing its plan to de-lever in 2024. Generated meaningful free cash flow ending the year at $6.2 billion, exceeding its goal, with improved free cash flow for Q1 compared to the previous year. Achieved a 12% year-on-year growth in EBITDA, despite industry-wide challenges. Total combined merger and transformation savings now stand at $4 billion. The D2C segment generated a positive EBITDA of about $100 million, reflecting a $2.2 billion improvement year-over-year. Focused on continued debt repayment, capital efficiency, and driving shareholder value with a long-term gross leverage target of 2.5x to 3x. Business Progress: Warner Bros. Discovery has been focusing on digital and advanced advertising solutions, noting strong international network performance, particularly in

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Warner Bros Discovery (NASDAQ:WBD) Pulled Off An Impressive Turnaround In The Streaming Arena

/ / Consumer Discretionary /

When it comes to streaming, Warner Bros Discovery Inc (NASDAQ:WBD) reached profitability before its legacy media rivals such as The Walt Disney Corporation (NYSE:DIS), Comcast Corporation (NASDAQ:CMCSA) and Paramount Global (NASDAQ:PARA). However, with a slump in advertising revenue, Warner Bros missed both top and bottom-line estimates with its fourth quarter results. After the report, shares fell 12% in early trading on Friday. Fourth Quarter Highlights For the quarter that ended on December 31st, Warner Bros reported revenue of $10.28 billion that came short of LSEG’s estimate of $10.35 billion. Warner Bros made a fourth-quarter net loss of $400 million, or 16 cents per share, narrowing down its 2023’s comparable quarter loss of $2.1 billion, or 86 cents per share. Adjusted EBITDA dropped 5% YoY to $2.5 billion, with the drop attributed to the underperformance of studio revenue that was the result of the unforseen WGA and SAGAFTR strikes. Studio revenue

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WARNER BROS. DISCOVERY (NASDAQ:WBD) REPORTS FOURTH-QUARTER AND FULL-YEAR 2023 RESULTS

/ / Consumer Discretionary /

WARNER BROS. DISCOVERY REPORTS FOURTH-QUARTER AND FULL-YEAR 2023 RESULTS PR Newswire NEW YORK, Feb. 23, 2024 NEW YORK, Feb. 23, 2024 /PRNewswire/ — Warner Bros. Discovery, Inc. (the “Company”) (Nasdaq: WBD) today reported financial results for the quarter and year ended December 31, 2023. Please visit the “Investor Relations” section of the Company’s website at to view the financial results and other earnings materials. The Company will conduct a conference call today at 8:00 a.m. ET (5:00 a.m. PT) to discuss the results. A link to the live webcast of the conference call will be available in the “Investor Relations” section of the Company’s website at A telephone replay of the call will be available approximately two hours after the completion of the call until March 2, 2024. The replay can be accessed via phone by dialing +1 800-770-2030 or +1 647-362-9199 using playback passcode 1493434. A replay of the

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Warner Bros. Discovery (NASDAQ:WBD) Q4 2023 GAAP EPS $(0.16) Misses $(0.07) Estimate, Sales $10.28B Miss $10.34B Estimate

/ / Consumer Discretionary /

Warner Bros. Discovery (NASDAQ:WBD) reported quarterly losses of $(0.16) per share which missed the analyst consensus estimate of $(0.07) by 128.57 percent. The company reported quarterly sales of $10.28 billion which missed the analyst consensus estimate of $10.34 billion by 0.59 percent.

Warner Bros. Discovery (NASDAQ:WBD) Q4 2023 GAAP EPS $(0.16) Misses $(0.07) Estimate, Sales $10.28B Miss $10.34B Estimate Read Post »

Warner Bros. Discovery (NASDAQ:WBD) Posts Lower 4Q Revenue, Narrows Loss

/ / Consumer Discretionary /

By Will Feuer Warner Bros. Discovery posted lower fourth-quarter revenue, dragged down by lagging results in its studios and cable networks. The media conglomerate, which owns cable networks such as TNT and CNN, as well as film studios and the Max streaming platform, reported a fourth-quarter loss of $400 million, or 16 cents a share, compared with a loss of $2.1 billion, or 86 cents a share, in the same period a year earlier. Analysts surveyed by FactSet had expected a loss of 8 cents a share. Revenue fell 7% to $10.28 billion. Analysts surveyed by FactSet were expecting $10.34 billion. In the studios business, revenue fell 17%, while sales fell 9% in the networks segment. In the direct-to-consumer segment, which includes the company’s streaming platforms, revenue rose 3% to $2.53 billion. Total DTC subscribers in the U.S. and Canada fell to 52 million, from 54.6 million a year earlier.

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