Streetbeat News

Analyst Ratings

IOVA

Iovance Biotherapeutics reported Q2 losses of $(0.47) per share, beating the analyst consensus estimate of $(0.80) by 41.25%. However, the company's quarterly sales of $238.00K missed the analyst consensus estimate of $3.58M by 93.35%.

Portfolio Pulse from vinayak@benzinga.com

August 08, 2023 | 8:13 pm

AAPL

QRVO

SWKS

Analysts have mixed views on Skyworks Solutions, Inc (NASDAQ:SWKS) after the company reported 3Q results in line with guidance and provided 4Q23 guidance in line with expectations. Needham analyst N. Quinn Bolton reiterated a Hold rating, expecting Skyworks to underperform its closest peer, Qorvo, Inc (NASDAQ:QRVO), due to flat or modestly declining content in the Apple Inc (NASDAQ:AAPL) iPhone 15. Rosenblatt analyst Kevin Cassidy reiterated a Buy rating with a $150 price target, while Susquehanna analyst Christopher Rolland maintained a Positive rating and raised the price target from $125 to $130. Raymond James analyst Srini Pajjuri maintained a Market Perform rating, citing limited near-term catalysts.

Portfolio Pulse from Anusuya Lahiri

August 08, 2023 | 8:12 pm

DIOD

Diodes (NASDAQ:DIOD) reported Q2 earnings of $1.59 per share, beating the analyst consensus estimate of $1.57 by 1.27%. However, this is a 16.32% decrease from the same period last year. The company also reported quarterly sales of $467.15 million, slightly beating the estimate of $467.12 million by 0.01%, but this is a 6.75% decrease from last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 8:11 pm

TWNK

Hostess Brands reported Q2 earnings of $0.24 per share, missing the analyst consensus estimate of $0.26 by 7.69%. The company also reported quarterly sales of $352.36 million, missing the analyst consensus estimate of $359.07 million by 1.87%. However, both earnings and sales increased compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 8:09 pm

SAGE

TD Cowen analyst Ritu Baral maintains an Outperform rating on Sage Therapeutics (NASDAQ:SAGE) but lowers the price target from $105 to $28.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 8:08 pm

SPWR

Piper Sandler analyst Kashy Harrison maintains a Neutral rating on SunPower (NASDAQ:SPWR) and lowers the price target from $8 to $7.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 8:06 pm

CCSI

Consensus Cloud Solutions (NASDAQ:CCSI) reported Q2 earnings of $1.36 per share, beating the analyst consensus estimate of $1.25 by 8.8%. However, the company's quarterly sales of $92.79 million missed the analyst consensus estimate of $94.10 million by 1.39%. Compared to the same period last year, earnings decreased by 6.21% and sales decreased by 0.40%.

Portfolio Pulse from vinayak@benzinga.com

August 08, 2023 | 8:06 pm

AAPL

DIS

The Walt Disney Company (NYSE:DIS) is set to report its Q3 financial results. Analysts expect Disney to report revenue of $21.82 billion and earnings per share of 97 cents. Key items to watch include Disney's direct-to-consumer segment, box office performance, and potential asset sales. Some analysts have lowered their price targets for Disney shares due to weakness in television advertising, direct-to-consumer declines, soft Parks trends, and the impact of the Hollywood strike. There is also speculation that Apple Inc (NASDAQ:AAPL) could potentially acquire Disney or a portion of the company.

Portfolio Pulse from Chris Katje

August 08, 2023 | 8:04 pm

TFII

TD Cowen analyst Jason Seidl maintains an Outperform rating on TFI International (NYSE:TFII) and raises the price target from $158 to $163.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 8:03 pm

KKR

Piper Sandler analyst Sumeet Mody maintains an Overweight rating on KKR & Co (NYSE:KKR) and raises the price target from $59 to $70.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 8:02 pm