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Wall St Engine HERE'S WHAT ANALYSTS ARE SAYING AFTER $SNOW EARNINGS: 1) Goldman Sachs – $230 PT – CONVICTION BUY – Kash Rangan "We reiterate our Buy rating (on CL) and raise our Price Target to $230 (from $205) on the back of strong F1Q results that saw…
et confidence in enterprise data spend in 2025... expect some follow-through in the stock."
13) BofA Securities – $220 PT – NEUTRAL – Brad Sills
"Solid Q1 results... However, with only 3 net new Global 2000 customer adds... We question whether [new workloads] will be material enough to offset slowing growth in the core over time."
14) Morgan Stanley – $200 PT – EQUALWEIGHT – Keith Weiss
"A clean and impressive quarter... At this stage, the main road block is valuation... Raise our PT to $200. We would take advantage of pullbacks to get more constructive."
15) Bernstein (SocGen) – $191 PT – MARKET PERFORM – Mark Moerdler
"CRPO growth (27%), Increase in the guidance... NRR slipping to 124%... growth continues to slow (albeit at a slower rate)... While we like the quarter and near-term outlook... remain on the sidelines."
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13) BofA Securities – $220 PT – NEUTRAL – Brad Sills
"Solid Q1 results... However, with only 3 net new Global 2000 customer adds... We question whether [new workloads] will be material enough to offset slowing growth in the core over time."
14) Morgan Stanley – $200 PT – EQUALWEIGHT – Keith Weiss
"A clean and impressive quarter... At this stage, the main road block is valuation... Raise our PT to $200. We would take advantage of pullbacks to get more constructive."
15) Bernstein (SocGen) – $191 PT – MARKET PERFORM – Mark Moerdler
"CRPO growth (27%), Increase in the guidance... NRR slipping to 124%... growth continues to slow (albeit at a slower rate)... While we like the quarter and near-term outlook... remain on the sidelines."
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Wall St Engine
$BJ | BJ’s Wholesale Club Q1'25 Earnings Highlights
🔹 Revenue: $5.03B (Est. $5.19B) 🔴
🔹 Adjusted EPS: $1.14 (Est. $0.91) 🟢; +34.1% YoY
FY25 Guidance (Reaffirmed):
🔹 Adjusted EPS: $4.10–$4.30 (Est. $4.24) 🟡
🔹 Comparable Sales ex-Gas: +2.0% to +3.5% YoY
Q1 Comparable Sales & Digital Metrics:
🔹 Total Comparable Club Sales: +1.6% YoY
🔹 Comp Sales (ex. Gasoline): +3.9% YoY
🔹 Digitally Enabled Comp Sales: +35% YoY; +56% two-year stacked
Membership & Customer Growth:
🔹 Membership Fee Income: $120.4M; +8.1% YoY
🔸 Driven by growth in high-tier memberships and fee increase (Jan 2025)
Store Expansion:
🔹 5 New Clubs Opened
🔹 4 New Gas Stations Opened
Capital & Shareholder Returns:
🔹 Share Repurchase: 55,000 shares for $6.2M in Q1
🔹 Capex FY25 Guidance: ~$800M
Other Key Metrics:
🔹 Net Income: $149.8M; +34.9% YoY
🔹 Operating Income: $203.6M; +26.7% YoY
🔹 Adjusted EBITDA: $285.8M; +20.9% YoY
🔹 Gross Profit: $969.5M (vs. $883.4M YoY); ↑ merchandise margin +30bps YoY
🔸 Management Commentary:
CEO Bob Eddy:
🔸 "Strong execution, membership gains, and traffic growth drove a solid Q1, reflecting our long-term priorities and value-first model."
CFO Laura Felice:
🔸 "We’re confident in our positioning and reiterate full-year guidance, staying focused on executing our growth strategy."
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$BJ | BJ’s Wholesale Club Q1'25 Earnings Highlights
🔹 Revenue: $5.03B (Est. $5.19B) 🔴
🔹 Adjusted EPS: $1.14 (Est. $0.91) 🟢; +34.1% YoY
FY25 Guidance (Reaffirmed):
🔹 Adjusted EPS: $4.10–$4.30 (Est. $4.24) 🟡
🔹 Comparable Sales ex-Gas: +2.0% to +3.5% YoY
Q1 Comparable Sales & Digital Metrics:
🔹 Total Comparable Club Sales: +1.6% YoY
🔹 Comp Sales (ex. Gasoline): +3.9% YoY
🔹 Digitally Enabled Comp Sales: +35% YoY; +56% two-year stacked
Membership & Customer Growth:
🔹 Membership Fee Income: $120.4M; +8.1% YoY
🔸 Driven by growth in high-tier memberships and fee increase (Jan 2025)
Store Expansion:
🔹 5 New Clubs Opened
🔹 4 New Gas Stations Opened
Capital & Shareholder Returns:
🔹 Share Repurchase: 55,000 shares for $6.2M in Q1
🔹 Capex FY25 Guidance: ~$800M
Other Key Metrics:
🔹 Net Income: $149.8M; +34.9% YoY
🔹 Operating Income: $203.6M; +26.7% YoY
🔹 Adjusted EBITDA: $285.8M; +20.9% YoY
🔹 Gross Profit: $969.5M (vs. $883.4M YoY); ↑ merchandise margin +30bps YoY
🔸 Management Commentary:
CEO Bob Eddy:
🔸 "Strong execution, membership gains, and traffic growth drove a solid Q1, reflecting our long-term priorities and value-first model."
CFO Laura Felice:
🔸 "We’re confident in our positioning and reiterate full-year guidance, staying focused on executing our growth strategy."
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Wall St Engine
U.S. HOUSE PASSES REVISED TRUMP TAX BILL, SENDS IT TO SENATE https://t.co/Iya0G9nRBo
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U.S. HOUSE PASSES REVISED TRUMP TAX BILL, SENDS IT TO SENATE https://t.co/Iya0G9nRBo
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Wall St Engine
JPM says the updated House bill is a bigger negative than expected for clean energy. Ending transferability means companies like $FSLR may need to use “direct pay” to claim 45X credits, which delays monetization. While 45X stays intact, weaker demand could trim its full potential. Still, FSLR looks best positioned, with ~60% of its earnings over the next two years tied to 45X.
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JPM says the updated House bill is a bigger negative than expected for clean energy. Ending transferability means companies like $FSLR may need to use “direct pay” to claim 45X credits, which delays monetization. While 45X stays intact, weaker demand could trim its full potential. Still, FSLR looks best positioned, with ~60% of its earnings over the next two years tied to 45X.
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Wall St Engine
Immediate repeal of credit transferability is a big deal for solar industry. JPM notes about half of the ~$40B U.S. tax equity market relies on transfer/hybrid structures. This move could severely disrupt project financing pipelines and delay new deployments, at least in the near term.
Because of the compressed deadlines (60-day safe harbor and YE’28 PIS requirement), JPM expects a short-term spike in orders as developers scramble to qualify projects. This could temporarily benefit manufacturers and EPCs, though it may front-load demand at the cost of medium-term visibility.
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Immediate repeal of credit transferability is a big deal for solar industry. JPM notes about half of the ~$40B U.S. tax equity market relies on transfer/hybrid structures. This move could severely disrupt project financing pipelines and delay new deployments, at least in the near term.
Because of the compressed deadlines (60-day safe harbor and YE’28 PIS requirement), JPM expects a short-term spike in orders as developers scramble to qualify projects. This could temporarily benefit manufacturers and EPCs, though it may front-load demand at the cost of medium-term visibility.
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Wall St Engine
Trump: Great job by Speaker Johnson & the House Leadership & thank you to every Republican who voted YES on this Historic Bill! Now, it’s time for our friends in the United States Senate to get to work, and send this Bill to my desk AS SOON AS POSSIBLE! There is no time to waste. https://t.co/vOundnK1JO
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Trump: Great job by Speaker Johnson & the House Leadership & thank you to every Republican who voted YES on this Historic Bill! Now, it’s time for our friends in the United States Senate to get to work, and send this Bill to my desk AS SOON AS POSSIBLE! There is no time to waste. https://t.co/vOundnK1JO
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