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Pre-Open Stock Movers 04/22: Chindata, Cleveland-Cliffs Gain; Gap, HCA, Verizon Plunge

Apr 22, 2022 09:39AM ET
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Pre-Open Stock Movers:

Gap Inc. (NYSE:GPS) 19% LOWER Old Navy President and CEO Nancy Green is leaving and the company lowered its first-quarter sales guidance.

Chindata Group Holdings Ltd. (NASDAQ:CD) 14% HIGHER; received preliminary takeover interest from other firms in the industry, according to a Bloomberg report.

Corsair Gaming, Inc. (NASDAQ:CRSR) 14% LOWER; Sees first-quarter preliminary unaudited revenue was approximately $380 million, below the consensus of $447 million.

A10 Networks Inc. (NYSE:ATEN) 11% HIGHER; to replace Ferro (NYSE:FOE) in the S&P SmallCap 600.

Globus Medical, Inc. (NYSE:GMED) 11% LOWER; CEO resigns and sees quarter 2022 sales of approximately $230.5 million, below the consensus of $235.9 million.

HCA Holdings (NYSE:HCA) 10% LOWER; posted Q1 earnings of $4.14 per share, $0.15 worse than the analyst estimate of $4.29. Revenue was $14.95 billion versus the consensus estimate of $14.75 billion. The company sees FY2022 EPS of $16.40-$17.60, below the consensus of $18.93. They see FY2022 revenue of $59.5-61.5 billion, versus the consensus of $61.24 billion.

SVB Financial Group (NASDAQ:SIVB) 9% HIGHER; reported Q1 EPS of $7.92, $1.98 better than the analyst estimate of $5.94.

Cleveland-Cliffs (NYSE:CLF) 6% HIGHER; posted Q1 EPS of $1.50, above the consensus of $1.42. Revenue was $6 billion versus the consensus estimate of $5.44 billion.

Kimberly-Clark (NYSE:KMB) 5.5% HIGHER; posted Q1 EPS of $1.35, above the consensus of $1.23. Revenue for the quarter came in at $5.1 billion versus the consensus estimate of $4.89 billion. Kimberly-Clark sees FY2022 EPS of $5.60-$6.00, versus the consensus of $6.18.

Qualtrics International (NASDAQ:XM) 5% HIGHER; posted Q1 EPS of ($0.01), in line with the analyst estimate of ($0.01). Revenue was $335.6 million versus the consensus estimate of $325.6 million. The company sees FY2022 EPS of $0.00-$0.02, versus the consensus of ($0.01) and revenue of $1.428-1.432 billion, versus the consensus of $1.41 billion.

Azek Company (NYSE:AZEK) 3% HIGHER; Citi upgraded to Buy with a price target of $30.

Verizon Communications (NYSE:VZ) 3% LOWER; posted Q1 EPS of $1.35, versus the consensus of $1.34. Revenue was $33.6 million versus the consensus estimate of $33.53 million. The company sees FY2022 EPS at the lower end of $5.40-$5.55 range, versus the consensus of $5.45.

Boston Beer Co. (NYSE:SAM) 3% LOWER; posted Q1 EPS of ($0.16), $2.13 worse than the analyst estimate of $1.97. Revenue for the quarter came in at $430.1 million versus the consensus estimate of $444.77 million. Boston Beer Co. sees FY2022 EPS of $11.00-$16.00, versus the consensus of $13.85.

Snap (NYSE:SNAP) 2% LOWER; posted Q1 EPS of ($0.02), $0.03 worse than the analyst estimate of $0.01. Revenue for the quarter came in at $1.06 billion versus the consensus estimate of $1.07 billion. DAUs were 332 million in Q1 2022, an increase of 52 million, or 18%, year-over-year.

Pre-Open Stock Movers 04/22: Chindata, Cleveland-Cliffs Gain; Gap, HCA, Verizon Plunge
 

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