Pre-Open Movers: Target, Lowe's Trade in Opposite Directions Post Earnings

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Hill International, Inc. (HIL) 62% HIGHER; entered into a definitive merger agreement with Global Infrastructure Solutions Inc. (GISI), the largest privately owned construction manager in the commercial building, industrial and healthcare markets, and a leading project/construction manager in the environmental and public infrastructure sectors.

Bed Bath & Beyond Inc. (BBBY) 41% HIGHER; adds to recent meme stock gains, including 29% yesterday’s intra-day gain.

Cassava Sciences (NASDAQ:SAVA) 20% HIGHER; Director Stanford Robertson bought $2 million in stock.

Blue Apron (APRN) 18% HIGHER; adds to yesterday’s intra-day gains.

Krispy Kreme (DNUT) 8% LOWER; reported Q2 EPS of $0.08, $0.02 worse than the analyst estimate of $0.10. Revenue for the quarter came in at $375.2 million versus the consensus estimate of $385.32 million. Krispy Kreme sees FY2022 EPS of $0.29-$0.32, versus the consensus of $0.41. Krispy Kreme sees FY2022 revenue of $1.49-1.52 billion, versus the consensus of $1.56 billion.

AerSale Corporation (ASLE) 7% LOWER; announced that certain of its stockholders, including affiliates of Leonard Green & Partners, L.P. (the Selling Stockholders) intend to offer for sale in an underwritten secondary offering 4,250,000 shares of common stock of AerSale pursuant to a shelf registration statement

Agilent Technologies (NYSE:A) 6% HIGHER; reported Q3 EPS of $1.34, $0.14 better than the analyst estimate of $1.20. Revenue for the quarter came in at $1.72 billion versus the consensus estimate of $1.64 billion. Agilent Technologies sees Q4 2022 EPS of $1.38-$1.40, versus the consensus of $129.00. Agilent Technologies sees Q4 2022 revenue of $1.75-1.775 billion, versus the consensus of $1.71 billion.

Option Care Health, Inc. (NASDAQ:OPCH) 5% LOWER; announced today that an affiliate of Walgreens Boots Alliance, Inc. has agreed to sell 11,000,000 shares of the Company’s common stock in an underwritten secondary offering.

Quanterix (NASDAQ:QTRX) 4% HIGHER; The CEO and CFO both bought stock.

Jack Henry (JKHY) 4% LOWER; reported Q4 EPS of $1.10, $0.10 better than the analyst estimate of $1.00. Revenue for the quarter came in at $482.7 million versus the consensus estimate of $480.3 million. Jack Henry sees FY2023 EPS of $5.05-$5.09, versus the consensus of $5.23. Jack Henry sees FY2023 revenue of $2.08-2.09 billion, versus the consensus of $2.08 billion.

Oak Street Health, Inc. (OSH) 4% LOWER; announced the commencement of an underwritten public offering of 7,000,000 shares of its common stock by a selling stockholder.

Lulu’s Fashion Lounge Holdings, Inc. (LVLU) 4% HIGHER; reported Q2 EPS of $0.15, $0.07 worse than the analyst estimate of $0.22. Revenue for the quarter came in at $131.5 million versus the consensus estimate of $133.18 million. Lulu’s Fashion Lounge Holdings, Inc. reaffirms Q3 2022 revenue of $440-480 million.

UNITY Biotechnology, Inc. (Nasdaq: UBX) 4% LOWER; announced that it has commenced a proposed underwritten public offering of $25.0 million of shares of its common stock

Quicklogic Corp (QUIK) 2% HIGHER; reported Q2 EPS of $0.00, $0.03 better than the analyst estimate of ($0.03). Revenue for the quarter came in at $4.5 million versus the consensus estimate of $4.47 million.

Lowe’s (NYSE:LOW) Cos. (LOW) 2% HIGHER; reported Q2 EPS of $4.67, $0.08 better than the analyst estimate of $4.59. Revenue for the quarter came in at $27.5 billion versus the consensus estimate of $28.14 billion. Lowe’s Cos. sees FY2022 EPS of $13.10-$13.60, versus the consensus of $13.39. Lowe’s Cos. sees FY2022 revenue of $97-99 billion, versus the consensus of $97.5 billion.

Target (NYSE:TGT) (TGT) 2% LOWER; reported Q2 EPS of $0.39, $0.41 worse than the analyst estimate of $0.80. Revenue for the quarter came in at $26.04 billion versus the consensus estimate of $26.05 billion. Comparable were up 2.6%.