12/31/2023 0 Comments Zendesk stock forecast![]() The platform faces increased competition while demand for streaming entertainment keeps falling. Cash and equivalents ended the quarter at $6 billion. Diluted earnings came in at $3.53 per share, down from $3.75 per share a year ago. Revenue increased 9.8% YOY to $7.9 billion. The streaming giant issued Q1 financials on April 19. Netflix (NASDAQ: NFLX) offers subscription-based entertainment services worldwide in 190 countries. However, we should note that the dip in the stock price has lifted the dividend yield to an attractive 4.9%. So far in 2022, BBY stock has dropped over 30% to trade at 2-year lows. In recent days, Best Buy got a downgrade from Bank of America (NYSE: BAC). ![]() Management forecasts comparable store sales to decline between 3% to 6% through 2022. Moreover, same-store sales fell 8% YOY, while inventories grew 9%, putting more pressure on the bottom line. Wall Street was not pleased revenue declined for the second straight quarter due to increased promotional activity and rising supply chain expenses. Cash and equivalents ended the period at $960 million. Non-GAAP earnings came in at $1.57 per diluted share, compared to $2.23 per diluted share a year ago. ![]() Revenue decreased 8.5% year-over-year (YOY) to $10.65 billion. The retailer announced first-quarter FY23 results on May 24. BBYīest Buy (NYSE: BBY) is the largest pure-play consumer electronics retailer in the U.S., with $51.8 billion in fiscal 2022 sales. With that information, here are seven stocks to sell before they plunge further into the abyss. Last month, the chief economist at Moody’s (NYSE: MCO) also noted that recession risks have become “uncomfortably high.”Īgainst this backdrop of an imminent recession, we have selected stocks recently downgraded by analysts forecasting restrained demand in their businesses. David Folkerts-Landau, the chief economist at Deutsche Bank (NYSE: DB), forecasts a severe recession in the U.S. Department of Commerce recently announced the f irst-quarter gross domestic product (GDP) declined at a 1.5% annual pace. Meanwhile, the sell-off in growth stocks led to a 30% decline in the Nasdaq 100 index so far in 2022. The benchmark S&P 500 index is down around % year-to-date (YTD). Investors are wary of further declines to come in this bear market. Selecting stocks to sell has become an urgent priority for those investors who want to cash out before the expected recession hits hard.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |