These large-cap stocks were the best performers in the last week amid earnings season. Are they in your portfolio?
- Carvana Co. CVNA shares escalated 39.1% after it reported Q1 revenue of $3.061 billion, which beat the consensus estimate of $2.673 billion. Several analysts raised their forecasts.
- NIO Inc. NIO shares jumped 21.5% after the company's April vehicle deliveries increased 134.6% year-over-year.
- Paramount Global PARAA shares surged 21.5% after it reported first-quarter revenue of $7.685 billion, which missed the consensus estimate of $7.732 billion. The company said CEO Bob Bakish is stepping down from the studio. Paramount reportedly got a $26 billion acquisition offer from Sony Group Corporation SONY and Apollo Global Management, Inc. APO.
- Tenet Healthcare Corporation THC shares rose 20.0% after it reported first-quarter sales of $5.37 billion — beating the consensus of $5.15 billion — and also raised the FY24 outlook. Multiple firms raised their respective price targets on the stock.
- Pinterest, Inc. PINS shares increased 19.9% after the company reported first-quarter revenue of $740 million, which beat the consensus estimate of $699.872 million and a loss per share of $0.04, which beat analyst estimates for a loss of $0.09 per share. Several analysts raise forecasts on the stock.
- Bio-Techne Corp TECH increased 17.2% following upbeat Q3 quarterly results and the announcement of a distribution agreement with Thermo Fisher Scientific.
- Howmet Aerospace Inc. HWM shares were up 14.9% after the company reported better-than-expected Q1 revenue of $1.82 billion, beating the consensus of $1.736 billion, and adjusted EPS stood at $0.57, beating the consensus of $0.52. Few analysts raised the price target on the stock.
- Garmin Ltd. GRMN shares grew 13.9% after it reported first-quarter FY24 revenue of $1.38 billion, beating the consensus of $1.25 billion and proforma EPS of $1.42 beat the consensus of $1.01. Some analysts raised the price target on the stock.
- Moderna, Inc. MRNA shares are up 12.5% after it reported sales of $167 million, beating the consensus of $97.5 million, and reported smaller-than-expected Q1 losses.
- Snap Inc. SNAP shares are up 12.5%. The company reported better-than-expected first-quarter results last Thursday.
- Woodward, Inc. WWD shares increased 11.2% after the company reported better-than-expected Q2 financial results and raised FY24 guidance.
- KE Holdings Inc. BEKE shares are up 9.7%.
- JD.Com, Inc. JD shares grew 9.2%.
- Amcor Plc AMCR shares gained 9.1%.
- Mobileye Global Inc. MBLY shares rose 8.9%.
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