Innovator U.S. Equity Accelerated Plus ETF - April (BATS: XTAP)

Innovator U.S. Equity Accelerated Plus ETF - April (BATS:XTAP), Trade Ideas

Innovator U.S. Equity Accelerated Plus ETF - April

WIIM

SNAP

Snap shares are trading higher after the company reported better-than-expected Q1 financial results and issued Q2 revenue guidance above estimates. Also, the company reported a year-over-year increase in Q1 daily active users.

Olin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OLN#NYSE">OLN</a>) reported quarterly earnings of $0.40 per share which beat the analyst consensus estimate of $0.37 by 8.11 percent. The company reported quarterly sales of $1.635 billion which missed the analyst consensus estimate of $1.650 billion by 0.89 percent. This is a 11.33 percent decrease over sales of $1.844 billion the same period last year.

Earnings

Earnings Beats

Earnings Misses

News

Olin Q1 2024 GAAP EPS $0.40 Beats $0.37 Estimate, Sales $1.635B Miss $1.650B Estimate

Guidance

L3Harris Technologies Sees FY24 Adj. EPS $12.40-$12.80 Vs $14.08 Estimate, $12.70-$13.05 Prior

As we enter Q2, we anticipate continued growth of our global community, and as a result, our Q2 guidance is built on the assumption that DAU will be approximately 431 million in Q2. We are focused on executing against our roadmap to deliver improvements to our DR advertising platform to drive improved results for our advertising partners and accelerate topline growth. Our Q2 guidance range for revenue is $1,225 million to $1,255 million, implying year-over-year revenue growth of 15% to 18%. Given the revenue range above, and our investment plans for the quarter ahead, we estimate that Adjusted EBITDA will be between $15 million and $45 million in Q2.
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Snap Sees Q2 Revenues $1.225B-$1.255B vs $1.14B Est.

BayFirst Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BAFN#NASDAQ">BAFN</a>) reported quarterly earnings of $0.11 per share. This is a 15.38 percent decrease over earnings of $0.13 per share from the same period last year.

BAFN

BayFirst Financial Q1 EPS $0.11 Down From $0.13 YoY

Skechers Expects Q2 Sales Of $2.175B-$2.225B (Est $2.202B), EPS Of $0.85-$0.90 (Est $1.09)

DXCM

DexCom shares are trading lower. The company reported Q1 financial results.

L3Harris Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LHX#NYSE">LHX</a>) reported quarterly earnings of $3.06 per share which beat the analyst consensus estimate of $2.90 by 5.52 percent. The company reported quarterly sales of $5.20 billion which beat the analyst consensus estimate of $5.11 billion by 1.84 percent. This is a 16.31 percent increase over sales of $4.47 billion the same period last year.

L3Harris Technologies Q1 2024 Adj EPS $3.06 Beats $2.90 Estimate, Sales $5.20B Beat $5.11B Estimate

Snap Q1 DAUs Increased 10% YoY

TDOC

Teledoc Sees Q2 2024 Revenue $635M-$660M Vs $662.55M Estimate; Sees FY24 Revenue $2.635B-$2.735B Vs $2.76B Estimate

Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TBBK#NASDAQ">TBBK</a>) reported quarterly earnings of $1.06 per share which met the analyst consensus estimate. This is a 20.45 percent increase over earnings of $0.88 per share from the same period last year. The company reported quarterly sales of $94.418 million which missed the analyst consensus estimate of $116.507 million by 18.96 percent. This is a 10.02 percent increase over sales of $85.816 million the same period last year.

TBBK

Bancorp Q1 2024 GAAP EPS $1.06, Inline, Sales $94.418M Miss $116.507M Estimate

Snap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) reported quarterly earnings of $0.03 per share which beat the analyst consensus estimate of $(0.05) by 160 percent. The company reported quarterly sales of $1.195 billion which beat the analyst consensus estimate of $1.120 billion by 6.74 percent. This is a 20.88 percent increase over sales of $988.608 million the same period last year.

Snap Q1 2024 Adj EPS $0.03 Beats $(0.05) Estimate, Sales $1.195B Beat $1.120B Estimate

Business Outlook for Fiscal Fourth Quarter of 2024
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="3" rowspan="1">Three Months Ending</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="3" rowspan="1">June 28, 2024</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">GAAP(1)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Non-GAAP(1)</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Revenue ($B)</td>
<td colspan="1" rowspan="1">$3.60 - $3.80</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$3.60 - $3.80</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Gross margin</td>
<td colspan="1" rowspan="1">31.5% - 33.5%</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">32.0% - 34.0%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Operating expenses ($M)</td>
<td colspan="1" rowspan="1">$770 - $800</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$670 - $690</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Interest and other expense, net ($M)</td>
<td colspan="1" rowspan="1">~ $105</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">~ $105</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Income tax expense ($M)(2)</td>
<td colspan="1" rowspan="1">N/A</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$30 - $40</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Diluted earnings per share</td>
<td colspan="1" rowspan="1">N/A</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$0.90 - $1.20</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Diluted shares outstanding (in millions)</td>
<td colspan="1" rowspan="1">~342</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">~342</td>
</tr>
</tbody>
</table>
</figure>
__________
(1) Non-GAAP gross margin guidance excludes amortization of acquired intangible assets and stock-based compensation expense of approximately $10 million to $15 million. The company's Non-GAAP operating expenses guidance excludes stock-based compensation expense, and expenses related to business separation costs, totaling approximately $100 million to $110 million. In the aggregate, Non-GAAP diluted earnings per share guidance excludes these items totaling approximately $110 million to $125 million. The timing and amount of these charges excluded from Non-GAAP gross margin, Non-GAAP operating expenses, and Non-GAAP diluted earnings per share cannot be further allocated or quantified with certainty. The timing and amount of additional charges the company excludes from its Non-GAAP income tax expense and Non-GAAP diluted earnings per share are dependent on the timing and determination of certain actions and cannot be reasonably predicted. Accordingly, full reconciliations of Non-GAAP gross margin, Non-GAAP operating expenses, Non-GAAP income tax expense and Non-GAAP diluted earnings per share to the most directly comparable GAAP financial measures (GAAP gross profit, GAAP operating expenses, income tax expense and diluted earnings per share, respectively) are not available without unreasonable effort.
(2) Non-GAAP income tax expense is determined based on a percentage of Non-GAAP pre-tax income or loss. Our estimated Non-GAAP tax dollars may differ from our GAAP tax dollars (i) due to differences in the tax treatment of items excluded from our Non-GAAP net income or loss; (ii) the fact that our GAAP income tax expense or benefit recorded in any interim period is based on an estimated forecasted GAAP tax rate for the full year, excluding loss jurisdictions; and (iii) because our GAAP taxes recorded in any interim period are dependent on the timing and determination of certain GAAP operating expenses.

Western Digital Sees Q4 2024 EPS $0.90-$1.20 Vs $0.84 Est.; Revenue $3.6B-$3.8B Vs $3.69B Est.

Mohawk Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MHK#NYSE">MHK</a>) reported quarterly earnings of $1.86 per share which beat the analyst consensus estimate of $1.68 by 10.71 percent. The company reported quarterly sales of $2.679 billion which beat the analyst consensus estimate of $2.646 billion by 1.24 percent. This is a 4.53 percent decrease over sales of $2.806 billion the same period last year.

Mohawk Industries Q1 2024 Adj EPS $1.86 Beats $1.68 Estimate, Sales $2.679B Beat $2.646B Estimate

<ul>
<li>Core Adjusted EBITDA, which is Adjusted EBITDA less lease revenues, is expected to be between&nbsp;$31.4 billion&nbsp;and&nbsp;$31.9 billion, an increase from prior&nbsp;guidance&nbsp;of&nbsp;$31.3 billion&nbsp;to&nbsp;$31.9 billion.</li>
<li>&nbsp;</li>
</ul>

TMUS

T-Mobile Sees FY24 Postpaid Net Customer Additions To 5.2M-5.6M, An Increase From Prior Guidance Of 5.0M-5.5M

Carlisle Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSL#NYSE">CSL</a>) reported quarterly earnings of $3.72 per share which beat the analyst consensus estimate of $2.82 by 31.91 percent. The company reported quarterly sales of $1.097 billion which beat the analyst consensus estimate of $996.126 million by 10.13 percent. This is a 22.90 percent increase over sales of $892.600 million the same period last year.

Carlisle Companies Q1 2024 Adj EPS $3.72 Beats $2.82 Estimate, Sales $1.097B Beat $996.126M Estimate

NRDS

Nerdwallet Sees Q2 2024 Revenue $147M-$152M Vs $145.810M Est.

ROKU

Roku Q1 Streaming Households 81.6M, Up 14% YoY

Western Digital Q3 EPS $0.63 May Not Compare To $0.20 Estimate, Sales $3.46B Beat $3.36B Estimate

Getty Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTY#NYSE">GTY</a>) reported quarterly earnings of $0.57 per share which beat the analyst consensus estimate of $0.56 by 1.79 percent. This is a 1.79 percent increase over earnings of $0.56 per share from the same period last year. The company reported quarterly sales of $48.970 million which beat the analyst consensus estimate of $46.234 million by 5.92 percent. This is a 13.83 percent increase over sales of $43.020 million the same period last year.