Streetbeat News

Earnings

LXFR

Luxfer Holdings (NYSE:LXFR) is set to release its quarterly earnings report on Tuesday, 2023-07-25. Analysts estimate an earnings per share (EPS) of $0.30. The company's past performance shows a trend of share price drops following earnings reports. Shares are currently trading at $13.8 and have seen a 7.1% decrease over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 6:01 pm

RUSHA

Rush Enterprises (NASDAQ:RUSHA) is set to release its latest quarterly earnings report on Tuesday, 2023-07-25. Analysts estimate an earnings per share (EPS) of $1.48. The company's past performance shows a pattern of share price drops following earnings beats. Shares of Rush Enterprises were trading at $62.5 as of July 21, with a 24.47% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 6:01 pm

FFIC

Flushing Financial (NASDAQ:FFIC) is set to release its quarterly earnings report on Tuesday, 2023-07-25. Analysts estimate an EPS of $0.19. The company's past performance shows a trend of missing EPS estimates and subsequent share price drops. The stock is currently trading at $13.46, down 37.38% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 6:01 pm

LOB

Live Oak Bancshares (NASDAQ:LOB) is set to release its quarterly earnings report on Tuesday, 2023-07-25. Analysts estimate an EPS of $0.31. The company's past performance shows a pattern of share price increase following earnings reports, despite missing EPS estimates. The stock is currently trading at $30.27, down 12.59% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 6:01 pm

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DB

GM

Shares of General Motors (GM) are trading over 2% higher ahead of the company's Q2 earnings report. Analysts expect earnings of $1.85 per share on revenues of $42.64 billion. Deutsche Bank and Citigroup are optimistic about GM's ability to beat expectations due to efficient pricing action and strong North American pricing. However, Deutsche Bank also noted potential price pressure risk into the second half of 2023 and 2024. Investors are also interested in updates on GM's all-electric Silverado pickup.

Portfolio Pulse from AJ Fabino

July 24, 2023 | 5:52 pm

EA

Credit Suisse analyst Stephen Ju has maintained an Outperform rating on Electronic Arts Inc (NASDAQ:EA) and raised the price target from $142 to $161. Ju anticipates a value creation cycle for EA with upcoming game releases and rising EPS. He expects EPS to rise from ~$7 for FY24 to over $12 by FY29. In the near term, 1QFY24 will likely be driven primarily by Star Wars Jedi: Survivor.

Portfolio Pulse from Anusuya Lahiri

July 24, 2023 | 5:46 pm

PPG

BMO Capital Markets analyst John P. McNulty reiterated an Outperform rating on PPG Industries, Inc. (NYSE:PPG), raising the price target to $165 from $158. The company recently reported Q2 2023 net sales of $4.87 billion, beating the consensus of $4.84 billion. McNulty expects PPG to deliver double-digit EPS growth in 2H23, 24, and 25. The analyst raised Q3 EPS to $1.91 (from $1.88), reflecting a better top line in Performance Coatings. For FY23, McNulty forecasts EPS of $7.40 (vs. guide of $7.28-7.48) on similar drivers.

Portfolio Pulse from Nabaparna Bhattacharya

July 24, 2023 | 5:44 pm

WMS

KeyBanc Capital Market analyst Jeff Hammond initiated coverage on Advanced Drainage Systems Inc (NYSE:WMS) with an Overweight rating and a price target of $150. Hammond sees WMS as a highly attractive pure-play water management business that consistently delivers above-market returns. He expects the company to deliver +200-300 bps of market outgrowth in the long-term. For FY24, Advanced Drainage expects net sales of $2.60 billion-$2.80 billion and adjusted EBITDA of $725 million- $825 million. KeyBanc thinks WMS has the most attractive ESG story among the stocks in its coverage.

Portfolio Pulse from Lekha Gupta

July 24, 2023 | 5:41 pm

AXP

American Express (AXP) reported 2Q results with slower revenue growth but analysts remain optimistic due to healthy consumer activity. RBC Capital analyst Jon Arfstrom reiterated a Sector Perform rating with a $197.00 price target. Citi analyst Arren Cyganovich reiterated a Sell rating with a price target of $148.00. BMO analyst James Fotheringham had a Market Perform rating with a price target of $194.00. AXP shares are trading lower by 1.31% at $167.99.

Portfolio Pulse from Anusuya Lahiri

July 24, 2023 | 5:39 pm

NFLX

Dan Niles, a prominent investor, expressed his support for Netflix's business model on Twitter. He highlighted Netflix's recent crackdown on password sharing as an effective price increase. Despite this, the company's Q2 subscriber additions of 5.9 million were significantly higher than the expected 2.1 million. However, the stock has fallen 11% since the company reported an earnings per share beat, due to a revenue and average revenue per user miss. Niles indicated he is buying some Netflix stock.

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 5:14 pm