Streetbeat News

Analyst Ratings

STC

Stewart Information Servs (NYSE:STC) reported Q2 earnings of $0.69 per share, missing the analyst consensus estimate of $0.71 by 2.82%. This is a 73.26% decrease from the same period last year. The company also reported quarterly sales of $549.15 million, missing the analyst consensus estimate of $588.03 million by 6.61%, a 34.94% decrease from the same period last year.

Portfolio Pulse from mahesh@benzinga.com

July 26, 2023 | 8:44 pm

MYRG

MYR Group reported Q2 earnings of $1.33 per share, beating the analyst consensus estimate of $1.28 by 3.91%. This is a 15.65% increase from the same period last year. The company also reported quarterly sales of $888.60 million, beating the analyst consensus estimate of $781.78 million by 13.66%. This is a 25.49% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 8:43 pm

CBAN

Colony Bankcorp (NASDAQ:CBAN) reported Q2 earnings of $0.33 per share, beating the analyst consensus estimate of $0.29 by 13.79%. However, the company's quarterly sales of $28.13 million missed the analyst consensus estimate of $28.46 million by 1.15%. This represents a 10% increase in earnings but a 3.73% decrease in sales compared to the same period last year.

Portfolio Pulse from saritha@benzinga.com

July 26, 2023 | 8:40 pm

OBK

Origin Bancorp (NYSE:OBK) reported Q2 earnings of $0.69 per share, beating the analyst consensus estimate of $0.67 by 2.99%. However, this is a 23.33% decrease from the same period last year. The company's quarterly sales were $90.93 million, missing the analyst consensus estimate of $91.38 million by 0.50%. This is a 23.34% increase from the same period last year.

Portfolio Pulse from bharat@benzinga.com

July 26, 2023 | 8:39 pm

ATNI

ATN International reported Q2 losses of $(0.03) per share, beating the analyst consensus estimate of $(0.15) by 80%. However, the company's quarterly sales of $186.44 million missed the analyst consensus estimate of $190.15 million by 1.95%. This represents a 72.73% increase in losses and a 3.87% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 8:38 pm

SAN

Banco Santander Inc.'s stock (NYSE:SAN) has seen a 5.17% increase in the current session, trading at $4.07. Over the past month, the stock has increased by 12.78%, and by 65.04% over the past year. The company's P/E ratio is lower than the aggregate P/E of 9.59 of the Banks industry, which could indicate that the stock is undervalued. However, the P/E ratio should not be used in isolation as it has its limitations and other factors can also impact a company's stock price.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 8:30 pm

AM

Antero Midstream (NYSE:AM) reported Q2 earnings of $0.22 per share, beating the analyst consensus estimate of $0.20 by 10%. However, the company's quarterly sales of $258.29 million missed the analyst consensus estimate of $268.63 million by 3.85%. This represents a 10% increase in earnings and a 12.83% increase in sales compared to the same period last year.

Portfolio Pulse from mahesh@benzinga.com

July 26, 2023 | 8:26 pm

EG

Everest Group (NYSE:EG) reported Q2 adjusted earnings of $15.21 per share, beating the analyst consensus estimate of $11.64 by 30.67%. This is a 55.36% increase from the same period last year. However, the company's quarterly sales of $3.25 billion missed the analyst consensus estimate of $3.46 billion by 6.04%, but still represents an 11.49% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 8:21 pm

MRVL

A significant bearish stance has been observed in Marvell Tech's options activity, with 81% of investors opening trades with bearish expectations. Whales have been targeting a price range from $55.0 to $80.0 for Marvell Tech over the last 3 months. The company's stock price is currently down by 0.3% at $63.71. Analysts from Stifel, Barclays, and Keybanc have maintained their positive ratings on Marvell Tech, with price targets of $75 and $80, while Wolfe Research downgraded its action to Outperform with a price target of $80.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 8:16 pm

GGG

Graco (NYSE:GGG) reported Q2 earnings of $0.75 per share, missing the analyst consensus estimate of $0.80 by 6.25%. The company also reported quarterly sales of $559.64 million, missing the analyst consensus estimate of $576.08 million by 2.85%. However, both earnings and sales increased compared to the same period last year.

Portfolio Pulse from bharat@benzinga.com

July 26, 2023 | 8:15 pm