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Pre-Open Stock Movers 11/12: (PDD) (FOSL) (GRWG) Higher; (FLY) (VRM) (RVLV) Lower (more...)

November 12, 2020 9:17 AM

Today's Pre-Open Stock Movers:

Pinduoduo (NASDAQ: PDD) 22.9% HIGHER; reported Q3 EPS of ($0.05), $0.12 better than the analyst estimate of ($0.17). Revenue for the quarter came in at $2.09 billion versus the consensus estimate of $1.86 billion.

Fossil Group (NASDAQ: FOSL) 20.4% HIGHER; reported Q3 EPS of $0.31, versus ($0.51) reported last year. Revenue for the quarter came in at $435 million, versus $539 million reported last year.

Fly Leasing (NYSE: FLY) 14.5% LOWER; reported Q3 EPS of ($0.30), $0.66 worse than the analyst estimate of $0.36. Revenue for the quarter came in at $60.08 million versus the consensus estimate of $77.9 million.

Vroom (NASDAQ: VRM) 10.8% LOWER; reported Q3 EPS of ($0.31), $0.06 better than the analyst estimate of ($0.37).

Revolve Group (NYSE: RVLV) 9.1% LOWER; reported Q3 EPS of $0.27, $0.13 better than the analyst estimate of $0.14. Revenue for the quarter came in at $151.04 million versus the consensus estimate of $158.2 million.

GrowGeneration Corp. (NASDAQ: GRWG) 8.6% HIGHER; reported Q3 EPS of $0.07, $0.01 better than the analyst estimate of $0.06. Revenue for the quarter came in at $55 million versus the consensus estimate of $47.42 million. GrowGeneration Corp. sees FY2020 revenue of $185-190 million, versus the consensus of $174.5 million. and adjusted EBITDA to $19.0 million-$20.0 million.

SpartanNash (NASDAQ: SPTN) 7.8% LOWER; reported Q3 EPS of $0.70, $0.08 better than the analyst estimate of $0.62. Revenue for the quarter came in at $2.06 billion versus the consensus estimate of $2.14 billion. SpartanNash sees FY2020 EPS of $2.42-$2.50, versus the consensus of $2.55.

GoHealth Inc. (NASDAQ: GOCO) 6.8% LOWER; reported Q3 EPS of ($0.65), $0.64 worse than the analyst estimate of ($0.01). Revenue for the quarter came in at $163.4 million versus the consensus estimate of $169.54 million. GoHealth Inc. sees FY2020 revenue of $850-890 million, versus the consensus of $870.7 million. Full year 2020 adjusted EBITDA of $270 - $290 million, representing year-over-year growth of 58% - 70%.

ACCO Brands (NYSE: ACCO) 6.4% HIGHER; KeyBanc upgraded from Sector Weight to Overweight with a price target of $12.00.

Jaws Acquisition Corp. (NYSE: JWS) 6% HIGHER; Cano Health LLC and Jaws Acquisition Corp. (NYSE: JWS), a special purpose acquisition company, announced today they have entered into a definitive merger agreement that will support Cano Health's vision of becoming America's leader in primary care for seniors. Upon completion of the transaction, the combined company will operate as Cano Health, and will be listed on the New York Stock Exchange (NYSE) under the new ticker symbol "CANO."

International Game Tech (NYSE: IGT) 5.8% HIGHER; reported Q3 EPS of ($0.62), which may not compare to the analyst estimate of ($0.21). Revenue for the quarter came in at $982 million versus the consensus estimate of $807.96 million.

Hillenbrand (NYSE: HI) 5.5% HIGHER; reported Q4 EPS of $0.92, $0.36 better than the analyst estimate of $0.56. Revenue for the quarter came in at $694 million versus the consensus estimate of $620.38 million. Hillenbrand sees Q1 2021 EPS of $0.65-$0.75, versus the consensus of $0.42.

Trupanion, Inc. (NASDAQ: TRUP) 5.3% LOWER; Walmart to offer pet insurance.

QIAGEN (NYSE: QGEN) 3.8% HIGHER; has started commercialization of a portable digital test in the United States that can be used by laboratories to detect SARS-CoV-2 antigens in people with active infections in 2-15 minutes. A point of care (POC) claim will be added and EUA amended later this year.

Chewy, Inc. (NASDAQ: CHWY) 1.5% LOWER; Walmart to offer pet services.

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