Stocks trending in after-hours: Guess, Lennar, Freshpet, First Republic

Photo of author

Estimate (GES,

Shares are expected after the clothing brand and retailer posted lower than expected 2024 profit guidance. The company sees adjusted earnings per share of $2.45 to $2.80 versus Wall Street estimates of $3.5.

Assumption CEO Carlos Alberini said in the company’s press release, “For fiscal 2024, we are taking a prudent approach our outlook and expect low single-digit revenue growth, a solid profit performance and strong cash flow.” Have been.”

Estimates’ latest quarterly adjusted earnings came in at $1.74 versus expectations of $1.31. Net revenue of $817.8 million came in above Wall Street’s estimate of $772 million.

ST.PETERSBURG, RUSSIA – .03.12: The Guess store is seen in the Saint-Petersburg center. (Photo by Maxim Konstantinov / SOPA Images / Lightrocket via Getty Images)

Only two analysts cover gasses. The stock has a Buy and a Hold recommendation. The overall retail sector has witnessed a slowdown, as inflation is eating into consumers’ wallets.

freshpet (FRPT,

Freshpet shares declined after the pet food company announced an offering of $350 million of convertible senior notes.

The stock is 5% year--date. Over the past year, the stock is off about 34%.

The company projects a 40% increase in sales in 2022, nearly quadrupling the business from $152 million to $575 million in revenue over the past five years.

Lenor Corporation (lane,

Lennar posted a beat on the top and bottom line for its latest quarter, Adjusted earnings per share of $2.12 came in above expectations of $1.55. Revenue of $6.49 billion also came in above estimates of $5.99 billion.

See also  'The only people who are going to save us are us': Suze Orman one of many experts to warn Social Security is in trouble — here's what you can do to take control of your retirement

“In December, interest rates and sticker shock continued inhibit sales activity, while low interest rates in January and early February boosted sales,” Stuart Miller, Lennar’s executive chairman, said in the company’s earnings release.

Home-builder shares have rallied in the past few sessions after the 10-year Treasury yield fell below US regulators’ measures boost confidence in the banking system.

Lower Treasury yields translate into declining mortgage rates, which is bullish for the market. The industry is in a recovery zone since the rapid increase in rates last year.

First Republic Bank (FRC,

Shares of First Republic rose 10% a day after the profit. The San Francisco-based bank returned 28% on Tuesday — its biggest daily jump on record. The session was marred by Monday’s heavy selloff following the collapse of Silicon Valley Bank.

Investors saw a buying opportunity on Tuesday after losses in the sector in the previous session despite US regulatory measures boosting confidence in the banking industry.

On Monday, the FRC was down a record 62%.

Ines is a Senior Business Reporter for Yahoo Finance. follow him on twitter @ines_ferre

Click here for the latest stock market news and in-depth analysis, including events that move stocks

Read the latest financial and business news from Yahoo Finance