Draftkings Inc (NASDAQ:DKNG) is facing a high bar when it comes to Wall Street's expectations for its third quarter earnings but analysts at the Bank of America (BoA) think the company can deliver and raise its full-year guidance.
The digital sports entertainment and gaming company will report its latest financial results after the market close on Thursday, November 2.
Logitech International SA (USA) (NASDAQ:LOGI)'s shares have rebounded on its fiscal second quarter financial results despite the mouse maker reporting an 8% decline in revenue year-over-year.
“Logitech’s results continue to be negatively impacted by macroeconomic headwinds at both the consumer and enterprise level,” Wedbush analysts wrote in a note to clients following the company's 2Q earnings.
Microsoft Corporation (NASDAQ:MSFT) could guide to double-digit reported revenue growth for the year as cloud consumption shows signs of accelerating, according to Jefferies analysts.
In an update to clients, they boosted their target price on Microsoft stock by 20% to $400 per share, while maintaining a ‘Buy’ rating, attributing the recent share-price decline primarily to multiple compression.
Teck Resources Ltd (TSX:TECK.B) reported a year-over-year decline in revenues and profits for the third quarter of 2023 but analysts at Jefferies remain positive on the miner at its current stock price.
For the quarter, the company reported revenue of C$3.56 billion, compared to C$4.26 billion in the year-ago quarter and below the Street estimate of C$3.6 billion.
AG Barr PLC (LSE:BAG) the owner of Irn Bru, is underpinning its current strategic plan with the purchase of Rio, paving the way for a higher growth phase over the medium to long term, analysts reckon.
Having purchased Rio Tropical Limited for £12.3 million, the Scottish beverage manufacturer will add the drink brand to a portfolio which includes juice drink firm Rubicon, MOMA, the oat milk producer, and Funkin, the cocktail maker.
Pets at Home Group PLC (LSE:PETS) could be set to miss full-year profit guidance after it suffered operational issues at its distribution centre, adding to fears surrounding the stock.
During the second quarter, the FTSE 250 company suffered “operational hiccups related to the implementation of its new distribution centre.”
Kingfisher PLC (LSE:KGF) could be hit by slowing consumer demand in France while the prospect of a new entrant to the market also poses a threat.
Shares in the owner of B&Q, Castorama, Brico Dépôt, Screwfix, and TradePoint were 1.9% after the comments from investment bank, JPMorgan.
Shares of Plus500 Ltd (LSE:PLUS) rose 7% in early trade on Tuesday after the fintech firm announced it is trading in line with recently upgraded market expectations for fiscal year 2023.
The company, which specialises in trading platforms, reported a 5% increase in revenue for the third quarter ending 30 September, reaching US$168.1 million. This includes trading income of US$153.7 million and interest income of US$14.4 million.