Guggenheim Downgrades JOANN to Neutral
Guggenheim analyst Steven Forbes downgrades JOANN (NASDAQ:JOAN) from Buy to Neutral.
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Gainers
BT Brands (NASDAQ:BTBD) shares increased by 29.7% to $2.01 during Friday's after-market session. The company's market cap stands at $12.9 million. The company's, Q4 earnings came out 2 days ago.
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Gainers
Grom Social Enterprises, Inc. (NASDAQ: GROM) jumped 62.4% to $1.5500.
DiDi Global Inc. (NYSE: DIDI) shares climbed 46% to $3.73.
Here’s Why JOANN Shares Are Moving
Joann Inc (NASDAQ: JOAN) shares are trading lower by 7.7% at $11.98 after the company reported worse-than-expected fourth-quarter sales results.
Piper Sandler Downgrades JOANN to Neutral, Lowers Price Target to $11
Piper Sandler analyst Peter Keith downgrades JOANN (NASDAQ:JOAN) from Overweight to Neutral and lowers the price target from $12 to $11.
Recap: JOANN Q4 Earnings
JOANN (NASDAQ:JOAN) reported its Q4 earnings results on Thursday, March 17, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings
JOANN beat estimated earnings by 12.62%, reporting an EPS of $1.16 versus an estimate of $1.03.
Earnings Preview For JOANN
JOANN (NASDAQ:JOAN) is set to give its latest quarterly earnings report on Thursday, 2022-03-17. Here's what investors need to know before the announcement.
Analysts estimate that JOANN will report an earnings per share (EPS) of $1.03.
3 Stocks Insiders Are Buying
When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
JOANN’s Return on Invested Capital Overview
According to Benzinga Pro, during Q3, JOANN (NASDAQ:JOAN) earned $41.60 million, a 13966.67% increase from the preceding quarter. JOANN also posted a total of $611.00 million in sales, a 22.96% increase since Q2.