Stocks making the biggest moves premarket: Beyond Meat, Accenture, Target, Rite Aid & more

Finance

Check out the companies making headlines before the bell:

Beyond MeatMcDonald’s is testing a new “PLT” – a plant, lettuce, and tomato sandwich – that uses Beyond Meat’s plant-based patties. The tests will take place in 28 restaurants in Canada.

Accenture – The consulting firm earned $1.74 per share for its fiscal fourth quarter, 3 cents a share above estimates. Earnings growth was helped by improvement in digital and cloud services. Revenue was slightly shy of analysts’ forecasts, however, and Accenture gave a current-quarter revenue forecast below estimates due to a stronger dollar.

Conagra Brands – The food producer reported adjusted quarterly profit of 43 cents per share, 4 cents a share above estimates. Revenue was below Wall Street forecasts, with organic net sales falling 1.7%.

FactSet – The financial information provider earned an adjusted $2.61 per share for its latest quarter, beating the consensus estimate of $2.47 a share. Revenue was also above Wall Street forecasts, but the company gave a fiscal 2020 earnings forecast that is below current consensus.

Target – The retailer’s stock was raised to the No. 1 position on Cowen’s “Conviction List,” based on strong recent results and an improved profit margin outlook.

Rite Aid – The pharmacy chain operator earned an adjusted 12 cents per share for its latest quarter, 5 cents a share above estimates. Revenue missed forecasts, however, as did comparable-store sales.

KB Home – KB Home reported quarterly profit of 73 cents per share, 7 cents a share above estimates. The home builder’s revenue was below Wall Street forecasts. KB Home saw a 24% rise in net orders during the quarter.

Peloton – Peloton priced its initial public offering at $29 per share, at the high end of the expected range. The offering values the fitness bicycle maker at $8.1 billion, nearly double its most recent valuation.

Articles You May Like

Polestar becomes latest electric vehicle maker to go public via SPAC merger
Transitioning Into Retirement: Your Plan A And Plan B
A Federal Gas Tax Holiday Is A Terrible Idea
Tax Information Reporting On Digital Assets Steps Into The Spotlight
Stashing cash finally pays off as savings interest rates rise from rock bottom in wake of Fed hikes

Leave a Reply

Your email address will not be published.