Wednesday, 22 May 2024

AutoZone Inc. Q4 Profit Advances, Beats estimates

Renishaw Plc FY Adj. Profit Declines; Revenue Up 3%

Renishaw plc (RSW.L) reported that its fiscal year statutory profit before tax declined to 145.1 million pounds from 145.6 million pounds, previous year. Earnings per share was 159.7 pence compared to 165.4 pence. Adjusted profit before tax was 141.0 million pounds, a decline of 14%. Adjusted earnings per share was 155.1 pence compared to 185.5 pence.

For the year ended 30 June 2023, revenue from continuing operations increased to 688.6 million pounds from 671.1 million pounds.

Looking forward, the Group said it has seen a steady start to fiscal 2024 and order book remains solid.

The Board proposed a final dividend of 59.4 pence per share in respect of the year.

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Ocado Group Q3 Retail Revenue Improves; Reaffirms 2023 Outlook

Ocado Group Plc (OCDO.L), a technology led British retail company, on Tuesday posted a rise in retail revenue for the third-quarter, as demand improved. In addition, for full year 2023, the company has reaffirmed its guidance.

For the three-month period, the company reported retail revenue of 569.6 million pounds, higher than 531.5 million pounds registered for the same period of previous year.

Average orders per week stood at 381, 000 as against last year’s 374, 000.

The number of active customers improved to 961, 000 from 946,000 of 2022.

Average selling price was at 2.76 pounds, higher than previous year’s 2.55 pounds.

Looking ahead, for full year 2023, the company continues to expect to register a marginally positive EBITDA on a projected positive result in the second half, as a return to volume growth supports improved capacity utilization and reduced costs relative to sales.

The Group still projects a mid-single digit annual revenue growth, with an improving trajectory during the year, reflecting a return to volume growth.

Good Energy Group Reports Pretax Profit In H1; Revenue Up 45.6%

Good Energy Group PLC (GOOD.L) reported first-half pre tax profit of 13.1 million pounds compared to a loss of 0.7 million pounds, last year. Profit per share from continuing operations increased to 68.6 pence from 4.2 pence. Revenue increased 45.6% to 156.1 million pounds from 107.6 million pounds.

The Board has declared an interim dividend for 2023 of 1.00 pence per ordinary share. The dividend will be paid on 27 October 2023 to shareholders on the register at the close of business on 29 September 2023.

Looking forward, the Group said its fiscal 2023 expectations remain unchanged.

For more earnings news, earnings calendar, and earnings for stocks, visit

Henry Boot H1 Pre-tax Profit Falls, But Revenue Improves

Henry Boot Plc (BHY.L), a British property development company, on Tuesday posted a decline in pre-tax earnings for the first-half, amidst higher costs and expenses. However, the company registered an improvement in revenue, supported by strong revenues from property development activity and construction work.

For the six-month period to June 30, the company registered a pre-tax profit of 24.959 million pounds, compared with 38.777 million pounds of previous year period.

After tax, profit stood at 19.154 million pounds or 13.7 pence per share as against last year’s 32.706 million pounds or 23.7 pence per share.

Operating earnings were at 25.685 million pounds, compared with 39.125 million pounds a year ago.

Cost of sales stood at 138.909 million pounds, higher than 100.528 million pounds of last year. Administrative expenses rose to 20.831 million pounds from last year’s 18.596 million pounds.

Finance costs surged to 2.495 million pounds from 0.883 million pounds a year ago.

Revenue was 179.756 million pounds, up from last year’s 144.414 million pounds a year ago.

Henry Boot will pay an interim dividend of 2.93 pence per share, which represents a 10 percent increase over last year’s 2.66 pence per share. The interim dividend will be paid on October 13 to shareholders on the register as of September 29.

Looking ahead, the company expects its for full-year performance to remain in line with market consensus of 37.8 million pounds in profit before tax.

Pre-market Movers: SLRN, SGHT, SLE, MLTX, LAW…

The following are some of the stocks making big moves in Tuesday’s pre-market trading (as of 07.50 A.M. ET).

In the Green

MoonLake Immunotherapeutics (MLTX) is up over 18% at $62.49.
Matrix Service Company (MTRX) is up over 11% at $8.91.
ShoulderUp Technology Acquisition Corp. (SUAC) is up over 7% at $11.28.
10X Capital Venture Acquisition Corp. II (VCXA) is up over 5% at $11.00.
Neptune Wellness Solutions Inc. (NEPT) is up over 5% at $6.35.

In the Red

Acelyrin, Inc. (SLRN) is down over 56% at $12.00.
Sight Sciences, Inc. (SGHT) is down over 32% at $4.38.
Super League Enterprise Inc (SLE) is down over 28% at $2.33.
CS Disco, Inc. (LAW) is down over 15% at $8.00.
Nova LifeStyle, Inc. (NVFY) is down over 13% at $2.41.
Oracle Corporation (ORCL) is down over 10% at $113.50.
Courtside Group, Inc. (PODC) is down over 10% at $2.99.
NeurAxis, Inc. (NRXS) is down over 7% at $4.80.

AutoZone Inc. Q4 Profit Advances, Beats estimates

AutoZone Inc. (AZO) announced earnings for its fourth quarter that increased from last year and beat the Street estimates.

The company’s earnings came in at $864.84 million, or $46.46 per share. This compares with $810.04 million, or $40.51 per share, in last year’s fourth quarter.

Analysts on average had expected the company to earn $45.12 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 6.4% to $5.69 billion from $5.35 billion last year.

AutoZone Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $864.84 Mln. vs. $810.04 Mln. last year.
-EPS (Q4): $46.46 vs. $40.51 last year.
-Analyst Estimate: $45.12
-Revenue (Q4): $5.69 Bln vs. $5.35 Bln last year.

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