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What’s in store for Ulta Beauty this earnings season? Analyst predicts lower margins – Ulta Beauty (NASDAQ:ULTA)


What’s in store for Ulta Beauty this earnings season? Analyst predicts lower margins – Ulta Beauty (NASDAQ:ULTA)

JPMorgan Chase & Co. Analyst Christopher Horvers reiterated the “Overweight” rating for Ulta Beauty, Inc. ULTAwhich lowered the price prediction from $544 to $450. The company will report its results tomorrow after the market closes. Horvers lowered the second-quarter revenue forecast to unchanged, as most investors expect a result of -1%. The analyst has lowered […]

“Cisco is probably a safe place to park money if you’re worried about a recession, but not a good place if you’re expecting rate cuts”: Analyst – Cisco Systems (NASDAQ:CSCO)


“Cisco is probably a safe place to park money if you’re worried about a recession, but not a good place if you’re expecting rate cuts”: Analyst – Cisco Systems (NASDAQ:CSCO)

Cisco Systems, Inc CSCO The stock rose in after-hours trading on Wednesday after the company reported positive fourth-quarter results. The share price remained up on Thursday. The results were released during an exciting earnings season. Here are some key insights from the analysts. Cisco reported fourth-quarter revenue of $13.64 billion, beating analysts’ consensus estimate of […]

Walmart analyst calls retail stock a ‘beat-and-raise story’ – Walmart (NYSE:WMT)


Walmart analyst calls retail stock a ‘beat-and-raise story’ – Walmart (NYSE:WMT)

Retail giant Walmart Inc WMT could give analysts and investors a better picture of how inflation is affecting consumer spending and shopping behavior when the company reports second-quarter financial results before the stock market opens on Thursday. Earnings estimates: According to data from Benzinga Pro, analysts expect Walmart to report second-quarter revenue of $168.57 billion. […]

Brokerages are positive on ONGC after government hiked premiums for new gas wells


Brokerages are positive on ONGC after government hiked premiums for new gas wells

The brokerage houses remained positive about Oil and natural gas company (ONGC) after the government announced higher premiums for new gas sources. What happened: ONGC said on Monday that the Ministry of Petroleum and Natural Gas had announced a 20% premium on gas produced from new wells or interventions. Previously, the domestic gas price (APM) […]