Streetbeat News

Earnings

SEVN

Seven Hills Realty Trust (NASDAQ:SEVN) is set to release its quarterly earnings report on July 31, 2023. Analysts estimate an earnings per share (EPS) of $0.34. The company's past performance shows a trend of beating EPS estimates, which has typically resulted in a slight increase in share price. However, the stock has been down 6.57% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 7:01 pm

LSCC

Lattice Semiconductor (NASDAQ:LSCC) is set to release its latest quarterly earnings report on July 31, 2023. Analysts estimate an earnings per share (EPS) of $0.51. The company's past performance shows a trend of beating EPS estimates, which has typically resulted in a share price increase. The company's shares were trading at $89.25 as of July 27, with a 52-week increase of 45.63%.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 7:01 pm

CMG

MCD

NTDOY

McDonald's Corporation (MCD) has announced a new restaurant concept, CosMc's, based on a character from the company's past advertising campaigns. The announcement came as the company reported Q2 financial results that beat analyst estimates, with sales of $6.5 billion, up 14% YoY. The new restaurant concept will be tested in a limited geography from early 2024. The move follows the successful revival of the Grimace character, which contributed to strong Q2 sales growth.

Portfolio Pulse from Chris Katje

July 28, 2023 | 7:01 pm

COUR

Needham analyst Ryan MacDonald reiterated a Buy rating on Coursera Inc (NYSE:COUR) with a price target of $19. Coursera reported a stronger-than-expected 2Q23, with revenue growing 23.2% y/y. The company added 5.7 million registered learners in 2Q23, ending the quarter with 129 million on the platform. Despite economic pressures, the enterprise segment remained resilient. Strength in other segments led to raised FY23 revenue and adjusted EBITDA guidance. COUR shares are trading higher by 14.4% at $14.89.

Portfolio Pulse from Shivani Kumaresan

July 28, 2023 | 7:00 pm

WPC

W. P. Carey reported its Q2 financial results, which led to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 6:51 pm

KLAC

KLA Corp's shares are trading higher by around 5% after the company reported strong Q4 FY23 results, beating consensus on both revenues and adjusted EPS. The company also provided a positive outlook for Q1 FY24. Several analysts, including those from Wells Fargo, JP Morgan, Barclays, Stifel, TD Cowen, and Susquehanna, raised the price target for KLAC.

Portfolio Pulse from Lekha Gupta

July 28, 2023 | 6:51 pm

MA

V

Analysts from Raymond James, Wells Fargo, BMO Capital, and Baird have maintained an Outperform rating on Mastercard Inc (NYSE:MA) and raised their price targets, following the company's solid 2Q results. The company's outlook for the year and 3Q guide were also reiterated. Mastercard's stock is currently trading at a discount to its historical relative P/E, making it a favorable bet according to analysts.

Portfolio Pulse from Anusuya Lahiri

July 28, 2023 | 6:31 pm

BFST

CL

EOSE

RETA

ROKU

SNBR

TNXP

U.S. stocks traded higher with the Nasdaq Composite gaining around 250 points. Colgate-Palmolive Company reported better-than-expected Q2 earnings with a sales growth of 7.5% YoY to $4.82 billion. Business First Bancshares, Reata Pharmaceuticals, and Roku also reported upbeat quarterly results. However, Tonix Pharmaceuticals, Sleep Number Corporation, and Eos Energy Enterprises saw a drop in their shares.

Portfolio Pulse from Lisa Levin

July 28, 2023 | 6:30 pm

BJRI

Wedbush analyst Nick Setyan has reiterated an Outperform rating on BJ's Restaurants, Inc. (NASDAQ:BJRI), raising the price target to $42 from $38. The company's Q2 results showed a 6.1% increase in total revenues to $349.7 million. Setyan believes BJRI can recapture pre-COVID unit economics and annual growth rates. The analyst also increased the 2023 and 2024 EPS estimates to $0.99 and $1.43 respectively.

Portfolio Pulse from Nabaparna Bhattacharya

July 28, 2023 | 6:25 pm

PLXS

Needham analyst James Ricchiuti has reiterated a Buy rating on Plexus Corp (NASDAQ:PLXS), raising the price target to $107 from $105. Despite mixed demand in its Industrial and Healthcare Life Science market verticals, Plexus' strength in commercial aerospace is expected to outweigh these issues. The company's Q4 revenue guidance is flat sequentially and down 9% Y/Y. Ricchiuti has trimmed Q4 GAAP EPS estimate to $1.26 from $1.39, with revenue now forecast at $1.020 billion.

Portfolio Pulse from Nabaparna Bhattacharya

July 28, 2023 | 6:21 pm