Weekly Comments – May 8, 2023 – ATSG, BIOX, EGLE, HVT, MBUU, MTW, PRDO, RPAY

ATSG  –  Updated views following report of quarter financial results.  In the final day of trading last week, the first trading session following Air Transport Group’s quarter earnings announcement, the stock gapped lower at the open and gave up more than…

BIOX  –  Preview of quarter report due this week.  This week Thursday before the market open Bioceres Crop Solutions is expected to report financial results for the fiscal third quarter ending March 2023.  A conference call to discuss the details with analysts and…

EGLE  –  Revised outlook on quarter earnings.  Eagle Bulk Shipping reported $0.25 in earnings per share on $105.2 million in revenue for the first quarter ending March 2023.   The results were held up against a consensus earnings target of one dime on $87.4…

HVT  –  Updated views after quarter earnings report.  Havertys Furniture reported a dramatic decline in both sales and earnings compared to the same quarter last year.  Sales totaled $224.8 million and earnings $0.74 per share.  During the earnings…

MBUU  –  New outlook after quarter report, management comments.  Shares of Malibu Boats were sent rocking and rolling last week by the mid-week announcement of fiscal third quarter financial results.  The initial enthusiasm led to the development of a…

MTW  –  Revised views following quarter report.  The Manitowoc Company reported net income of $16.5 million or $0.46 per share on $508.3 million in total sales in the quarter ending March 2023.  During the earnings conference call management indicated the…

PRDO  –  Updated strategy following quarter report, new guidance.  In the final day of trading last week share of Perdoceo Education formed a particularly bearish signal in a candlestick chart called a Bearish Engulfing signal.  This pattern is composed of two…

RPAY  –  Preview of quarter earnings report due this week.  On Wednesday this week after the market close, Repay Holdings is on the calendar to report financial results for the first quarter ending March 2023.  A conference call with management is scheduled…

 

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