Streetbeat News

Earnings

GORO

Gold Resource Corporation has announced its preliminary Q3 results, which include the sale of 3,982 ounces of gold and 208,905 ounces of silver, resulting in total gold equivalent ounces of 6,532. The company also sold 2,571 tonnes of zinc, 245 tonnes of copper, and 947 tonnes of lead. In the nine months ending September 30, 2023, the company sold 24,306 AuEq ounces, 8,772 tonnes of zinc, 904 tonnes of copper, and 3,681 tonnes of lead.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 6:38 am

EPAC

Enerpac Tool has provided its fiscal 2024 guidance, expecting net sales to range between $590M-$605M and adjusted EBITDA between $142M-$152M. The company anticipates a core growth of 2-4% and free cash flow of $60M-$70M. The guidance reflects caution due to macroeconomic uncertainties but confidence in Enerpac's growth strategy.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 6:07 am

EPAC

Enerpac Tool Group (NYSE:EPAC) reported a 13.51% increase in quarterly earnings YoY, with EPS of $0.42 compared to $0.37 last year. Sales also increased by 5.78% YoY, reaching $160.61 million from $151.83 million.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 6:04 am

EWU

The U.K. Average Earnings Index +Bonus for August was reported at 8.1%, lower than the estimated 8.3% and the prior figure of 8.5%.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 6:02 am

NFLX

UBS analyst John Hodulik has revised his target price for Netflix Inc. (NASDAQ:NFLX) from $525 to $500, maintaining a Buy rating. Hodulik expects Netflix's growth to accelerate next year due to benefits from the clampdown on password sharing and the introduction of ad-supported streaming. Despite a 21% increase in the stock’s value this year, it has seen a significant drop from over $450 in July due to investors’ disappointment over cautious remarks on margins and subscriber growth.

Portfolio Pulse from Benzinga Neuro

October 17, 2023 | 3:41 am

RIO

Rio Tinto's Q3 Pilbara iron ore shipments have increased by 1% while the production of Pilbara iron ore has declined by 1% year over year.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 9:40 pm

FBK

FB Financial Corp (NYSE:FBK) reported Q3 earnings of 71 cents per share, beating the analyst consensus estimate of 69 cents. However, the company's quarterly sales of $108.97 million missed the analyst consensus estimate of $122.89 million. FB Financial's deposits were $10.64 billion as of Sept. 30, compared to $10.87 billion as of June 30. The company sold $76.6 million of available-for-sale securities and reinvested the proceeds into higher-yielding securities. Shares of FBK were down 4.61% at $26.89 in the after-hours session.

Portfolio Pulse from Ryan Gustafson

October 16, 2023 | 9:09 pm

BAC

Bank of America (NYSE:BAC) is set to release its quarterly earnings report on Tuesday, 2023-10-17, with an estimated EPS of $0.81. The company's past performance shows a trend of beating EPS estimates, which has generally led to an increase in share price. However, the stock has been down 22.62% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 9:00 pm

METC

Ramaco Resources anticipates Q3 adjusted EPS of $0.42-$0.45 and adjusted EBITDA in the $43M-$45M range, representing an increase from Q2 of roughly 160% on net income and earnings per share and 50% on adjusted EBITDA. The company will report its full results after market close on November 7, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 8:55 pm

STAF

Staffing 360 Solutions estimates its FY23 revenue to be in the range of $250 million to $265 million, which is lower than the estimated $282.38 million.

Portfolio Pulse from Happy Mohamed

October 16, 2023 | 8:48 pm