Azek sees FY22 onsolidated Net Sales Growth of 17% to 21% YoY, consensus $1.38B 07:50 AZEK
Azek reports Q1 EPS 18c, consensus 16c 07:49 AZEK Reports Q1 revenue $259.7M, consensus $257.13M.
Biohaven Pharmaceutical's Nurtec shows migraine reduction in published report 07:43 BHVN
Berry Global backs FY22 adjusted EPS $7.20-$7.70, consensus $7.40 07:40 BERY Sees FY22 free cash flow $900M-$1B. Salmon added, "We are pleased with the efforts of our teams and resilience of our business to reaffirm guidance given persistent inflation, supply chain disruptions, and labor constraints. We expect supply chains to improve and inflation to moderate as the year progresses. As referenced on our last call, we remain committed to recovering the significant cost inflation we witnessed in fiscal 2021, and in early fiscal 2022. We anticipate, from both an earnings and volume perspective, a stronger second half of the fiscal year as we continue to recover inflation, experience supply chain improvements and see new business and capital investments ramp up."
Morgan Stanley buyers of dip in Sonos with stock 43% off 52-week high 07:37 SONO Morgan Stanley analyst Katy Huberty lowered the firm's price target on Sonos to $45 from $49, but keeps an Overweight rating on the shares and recommends that investors take "advantage of an asymmetrically skewed positive risk/reward" she now sees with the stock 43% off its 52-week high of $45 in spite of the fact that consensus FY22 EBITDA has been revised 48% higher over the last 12 months. The stock has underperformed peers due to concerns of COVID pull-forward and a below seasonal December quarter as the market appears to be pricing in a greater than 15% cut to FY22 EBITDA, while undervaluing the long term durability of its ecosystem, Huberty tells investors.