Lifeway Foods (LWAY) Misses Q3 Earnings and Revenue Estimates

U.S. stock futures were higher this morning, with the Dow futures gaining around 150 points on Monday.

Shares of Sapiens International Corporation N.V. fell sharply in today's pre-market trading after the company reported worse-than-expected third-quarter financial results.

Sapiens Intl posted third-quarter adjusted earnings of 37 cents per share, missing market estimates of 38 cents per share. The company's quarterly sales came in at $137.03 million versus expectations of $140.07 million.

Sapiens International shares dipped 21.5% to $30.98 in the pre-market trading session.

Here are some other stocks moving lower in pre-market trading.

• Sky Harbour Group Corporation shares fell 9% to $10.55 in pre-market trading. Sky Harbour will report its third-quarter financial results on Tuesday, Nov. 12.
• NuScale Power Corporation shares dipped 5.7% to $23.05 in pre-market trading after gaining 13% on Friday.
• Tempus AI, Inc fell 5.2% to $69.85 in pre-market trading after jumping 30% on Friday.
• Xeris Biopharma Holdings, Inc. dipped 4.9% to $3.30 in pre-market trading. Xeris Biopharma Holdings posted upbeat quarterly results on Friday.
• Gold Fields Limited declined 4.7% to $15.06 in pre-market trading.
• Lifeway Foods, Inc. declined 4.2% to $22.10 in pre-market trading after falling 8% on Friday.
• Butterfly Network, Inc. fell 3.4% to $2.53 in pre-market trading.

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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Shares of Revelation Biosciences, Inc. rose sharply in today's pre-market trading after the company reported better-than-expected third-quarter EPS results.

Revelation Biosciences a reported quarterly loss of 84 cents per share compared to market estimates of a loss of $2.84 per share.

Revelation Biosciences shares surged 48.8% to $1.22 in the pre-market trading session.

Here are some other stocks moving in pre-market trading.

Gainers

• New Horizon Aircraft Ltd. gained 68.2% to $0.4879 in pre-market trading.
• Signing Day Sports, Inc. rose 61.1% to $0.2980 in pre-market trading after gaining around 10% on Friday.
• Destiny Tech100 Inc. gained 27.1% to $46.01 in pre-market trading after jumping 64% on Friday.
• UTime Limited shares rose 18.8% to $0.3791 in pre-market trading.
• FOXO Technologies Inc. climbed 17.4% to $0.5824 in pre-market trading after jumping around 35% on Friday.
• Autolus Therapeutics plc gained 17.1% to $4.37 in pre-market trading after the company reported the FDA approval of AUCATZYL® (obecabtagene autoleucel – obe-cel) for adults with relapsed/refractory B-cell acute lymphoblastic leukemia (r/r B-A.
• Prestige Wealth Inc. gained 16.5% to $0.98 in pre-market trading. Prestige Wealth announced the acquisitions of InnoSphere Tech and closing of acquisition of Wealth AI.
• Coinbase Global, Inc. rose 16% to $314.06 in pre-market trading amid strength in Bitcoin.
• MARA Holdings, Inc. gained 15.3% to $22.25 in pre-market trading amid strength in Bitcoin.

Losers

• Dogwood Therapeutics, Inc. D shares tumbled 29.7% to $2.98 in pre-market trading.
• Jet.AI Inc. shares fell 13% to $0.0374 in pre-market trading. Jet.AI shares dipped 25% on Friday after the company announced a 1-for-225 reverse stock split.
• Heramba Electric plc shares fell 12.3% to $1.07 in pre-market trading.
• Li-Cycle Holdings Corp. declined 12.1% to $2.9000 in pre-market trading. Li-Cycle shares fell around 9% on Friday after the company reported third-quarter financial results.
• Fresh2 Group Limited dipped 11.8% to $1.1200 in pre-market trading.
• Conduit Pharmaceuticals Inc. fell 9.7% to $0.0980 in pre-market trading after surging over 13% on Friday.
• FutureFuel Corp. shares dipped 9.5% to $5.51 in pre-market trading after the company posted a loss for the third quarter.
• Simpple Ltd. fell 9% to $0.9100 in today's pre-market trading after surging around 14% on Friday.
• Lifeway Foods, Inc. fell 8.8% to $21.01 in pre-market trading. Lifeway Foods will report financial results for the third quarter ended Sept. 30, 2024 on Nov. 14, before the opening bell.
• Tempus AI, Inc fell 7.1% to $68.50 in pre-market trading after jumping 30% on Friday.

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• Dow, S&P 500 Notch Best Week Of Year As Tesla Surges Post Trump Win: Investor Sentiment Improves, Fear & Greed Index Remains In ‘Neutral’ Zone

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

RH (RH) closed the latest trading day at $333.13, indicating a -0.01% change from the previous session's end. The stock trailed the S&P 500, which registered a daily gain of 0.38%. Meanwhile, the Dow gained 0.59%, and the Nasdaq, a tech-heavy index, added 0.09%.

The furniture and housewares company's stock has climbed by 4.71% in the past month, exceeding the Consumer Staples sector's loss of 1.86% and lagging the S&P 500's gain of 4.9%.

The investment community will be paying close attention to the earnings performance of RH in its upcoming release. The company is predicted to post an EPS of $2.68, indicating a 738.1% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $811.9 million, indicating an 8.08% increase compared to the same quarter of the previous year.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $5.67 per share and a revenue of $3.16 billion, representing changes of -17.47% and +4.26%, respectively, from the prior year.

Additionally, investors should keep an eye on any recent revisions to analyst forecasts for RH. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.14% increase. RH is currently sporting a Zacks Rank of #3 (Hold).

In the context of valuation, RH is at present trading with a Forward P/E ratio of 58.72. This denotes a premium relative to the industry's average Forward P/E of 19.31.

Meanwhile, RH's PEG ratio is currently 1.88. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Consumer Products - Staples industry had an average PEG ratio of 2.

The Consumer Products - Staples industry is part of the Consumer Staples sector. At present, this industry carries a Zacks Industry Rank of 183, placing it within the bottom 28% of over 250 industries.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

Zacks Investment Research

Village Farms (VFF) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to loss of $0.01 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 66.67%. A quarter ago, it was expected that this greenhouse operator would post a loss of $0.03 per share when it actually produced a loss of $0.10, delivering a surprise of -233.33%.

Over the last four quarters, the company has surpassed consensus EPS estimates just once.

Village Farms, which belongs to the Zacks Consumer Products - Staples industry, posted revenues of $83.37 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 2.65%. This compares to year-ago revenues of $69.51 million. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Village Farms shares have added about 5.1% since the beginning of the year versus the S&P 500's gain of 24.3%.

What's Next for Village Farms?

While Village Farms has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Village Farms: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.03 on $81.84 million in revenues for the coming quarter and -$0.29 on $333.34 million in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Consumer Products - Staples is currently in the bottom 20% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

RH (RH), another stock in the same industry, has yet to report results for the quarter ended October 2024.

This furniture and housewares company is expected to post quarterly earnings of $2.68 per share in its upcoming report, which represents a year-over-year change of +738.1%. The consensus EPS estimate for the quarter has been revised 4.8% higher over the last 30 days to the current level.

RH's revenues are expected to be $811.9 million, up 8.1% from the year-ago quarter.

Zacks Investment Research