Check out some of the largest moving companies on the pre-market:
Dick’s Sporting Goods (DKS) – The sporting goods retailer earned $ 3.41 per share in the first quarter, tripling its consensus estimate of $ 1.12. Sales also exceeded forecasts on comparable sales, which more than doubled. Dick’s also gave a full year outlook that beats the current Wall Street consensus. Shares rose 7% prior to going public.
Urban Outfitters (URBN) – Urban Outfitters stock rose 10% in premarket trading after the company more than tripled a consensus estimate of 17 cents per share with quarterly earnings of 54 cents per share. The clothing retailer’s sales also beat forecast, and sales in like-for-like stores rose 51% as more shoppers returned to stores after vaccination.
Nordstrom (JWN) – Nordstrom lost $ 1.05 per share in the first quarter, more than analysts’ anticipated stock drop of 57 cents. The department store operator’s revenues exceeded consensus estimates. The overall result was influenced by discounts that were required to reduce the overstocking of vacation holidays. The Nordstrom share fell 7.2% in the pre-market.
Capri Holdings (CPRI) – The company behind brands like Michael Kors, Jimmy Choo and Versace reported quarterly earnings of 38 cents per share, well above the consensus estimate of 2 cents per share. Income also exceeded forecasts. Capri also issued a better-than-expected full-year revenue outlook, as well as a projected profit margin well above Street projections. The Capri share gained 2.9% in premarket trading.
Abercrombie & Fitch (ANF) – The clothing retailer earned 67 cents per share in the first quarter, compared to analysts’ forecasts of 38 cents per share. Revenue also beat estimates, aided by an increase in digital revenue and higher profit margins. Abercrombie shares rose 3.8% in the pre-market.
Toll Brothers (TOL) – Toll Brothers beat estimates by 21 cents per share with quarterly earnings of $ 1.01 per share. The luxury home builder’s revenues also exceeded Wall Street’s forecasts. Relatively low mortgage rates and a limited supply of homes for sale helped boost corporate results. The shares gained 1% in premarket trading.
Zscaler (ZS) – Zscaler gained 10.6% in the pre-market after more than doubling the consensus estimate of 7 cents per share with quarterly earnings of 15 cents per share. The cybersecurity company’s revenue also exceeded estimates. In light of the increased demand for cybersecurity products and services, Zscaler also issued an optimistic outlook for the full year.
Tesla (TSLA) – Tesla plans to eliminate radar sensors for its Model 3 and Model Y automobiles in favor of a fully camera-based system for its autopilot functionality.
Huntington Bancshares (HBAN) – Huntington Bancshares received regulatory approval for its proposed merger with regional bank TCF Financial (TCF) after banks agreed to sell 13 Michigan branches to address antitrust concerns.
Royal Caribbean (RCL) – Royal Caribbean has received approval from the Centers for Disease Control and Prevention to begin test voyages from the Port of Miami. This made Royal Caribbean the first cruise line to receive such a permit. The CDC has stated that cruise ships can resume full passenger sailing once 98% of crew members and 95% of passengers are fully vaccinated. Royal Caribbean grew 1.7% before entering the market.
Intuit (INTU) – Intuit reported quarterly earnings of $ 6.07 per share, missing the consensus estimate of $ 6.47 per share. The company’s financial management software sales also fell short of estimates. However, the maker of TurboTax and QuickBooks raised its guidance for the full year in light of continued improvement in demand for its products and services. Their shares rose 1.4% in premarket trading.
Agilent Technologies (A) – Agilent reported better-than-expected earnings and sales for the last quarter, and the life sciences company also raised its full-year forecast for broad-based growth in its businesses. Agilent gained 2.8% in the pre-market.