Earnings Movers | DG and BBY: Diverging Paths in Retail Sales

WallStreet_Tiger
08-30

Which stock presents the most volatility after earnings? Is it a buy or sell after the surge or plunge?

1. $Affirm Holdings, Inc.(AFRM)$, the buy-now-pay-later startup, rocketed more than 32% Thursday after the earnings beats and announced a target to achieve GAAP operating profitability by the fiscal fourth quarter of 2025.

  • Loss per share: 14 cents adjusted vs. 51 cents expected

  • Revenue: $659 million vs. $604 million expected

Jason Kupferberg, a Bank of America analyst, boosts his price objective for Affirm to $42 from $36.

2. $Nutanix Inc.(NTNX)$, a cloud computing company that provides enterprise cloud platform solution, jumped 20.31% after beating both top and bottom line.

  • EPS: $0.34, $0.14 better than the analyst estimate of $0.20.

  • Revenue: $548 million versus the consensus estimate of $536.95 million.

  • Guidance: Nutanix sees FY2025 revenue of $2.44-2.47 million.

3. $Best Buy(BBY)$, a leading retailer of consumer electronics, appliances, and related services, jumped over 14.11% on Thursday after the retailer it beat and lifted guidance.

  • Adjusted EPS: $1.34 vs. expectations of $1.16

  • Revenue: $9.29 billion for the latest quarter, surpassing analysts’ estimates of $9.23 billion.

  • Guidance: Best Buy has raised its full-year adjusted earnings forecast to a range of $6.10 to $6.35 per share, up from its previous estimate of $5.75 to $6.20.

4. $Dollar General(DG)$ tanked 32.15% the discount retailer slashed its sales and profit guidance for the full year.

  • EPS: $1.70 vs. $1.79 expected

  • Revenue: $10.21 billion vs. $10.37 billion expected

AFRM Soars 30%! Will You Choose Growth Stocks?
Affirm shares surge 30% after better-than-expected results, strong guidance. With rate cut coming in September, would you look at growth stocks?
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  • KSR
    08-31
    KSR
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