Streetbeat News

Earnings

ARKK

TARK

ARK Innovation ETF (ARKK) was trading higher on Monday, following a 5.34% drop last week due to the fund offloading $20.67 million worth of Tesla shares. This comes ahead of Tesla's Q3 earnings report, expected on Wednesday. Analysts predict a decrease in earnings per share but a 10% YoY increase in revenue. ARKK may be forming a triple bottom pattern, indicating a potential reversal to the upside. Traders seeking leveraged long exposure to ARKK can consider the AXS 2x Innovation ETF (TARK), which aims to return 200% of ARKK's daily performance.

Portfolio Pulse from Melanie Schaffer

October 16, 2023 | 4:00 pm

RARE

Ultragenyx Pharmaceuticals has announced interim Phase 2 Data from its Phase 2/3 Orbit study and issued preliminary Q3 revenue. This has led to an increase in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 3:51 pm

BAC

Goldman Sachs Group Inc. (GS) and Bank of America Corp. (BAC) are set to release their Q3 earnings. Analysts predict a 2.5% YoY increase in BAC's EPS and revenue, while GS is expected to see a 35% decline in EPS and a 7% decrease in revenue. BAC's stock has declined by 47% since February 2022, and GS's stock has seen a 26% decline since November 2021.

Portfolio Pulse from Piero Cingari

October 16, 2023 | 3:25 pm

DIS

NFLX

Netflix, Inc. (NASDAQ:NFLX) is expected to have boosted its subscriber count by about 6 million in Q3 due to its crackdown on password-sharing. Analysts predict that the company may increase its prices when it reports earnings. Netflix is also expected to double its ad-supported viewership next year and increase ad frequency. The ad tier is projected to bring in $188.1 million in Q3 revenue with 2.8 million subscriber additions. NFLX shares traded higher by 1.10% at $359.58.

Portfolio Pulse from Anusuya Lahiri

October 16, 2023 | 3:16 pm

OMC

Omnicom Group (NYSE:OMC) is set to release its quarterly earnings report on Tuesday, 2023-10-17. Analysts estimate an earnings per share (EPS) of $1.85. The company's past performance shows a pattern of share price drops following earnings beats. The stock was trading at $74.55 as of October 13, with a 52-week return of 8.96%.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 3:00 pm

PFBC

Preferred Bank (NASDAQ:PFBC) is set to release its quarterly earnings report on October 17, 2023. Analysts estimate an earnings per share (EPS) of $2.56. The bank's past performance shows a trend of beating EPS estimates, which has generally led to an increase in share price. However, the bank's shares have seen a 9.58% decrease over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 3:00 pm

HWC

Hancock Whitney (NASDAQ:HWC) is set to release its quarterly earnings report on Tuesday, 2023-10-17. Analysts estimate an earnings per share (EPS) of $1.04. 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 28.99% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 3:00 pm

ERIC

Telefonaktiebolaget L M (NASDAQ:ERIC) is set to release its quarterly earnings report on October 17, 2023. Analysts estimate an earnings per share (EPS) of $0.07. The company's past performance shows a trend of beating EPS estimates but experiencing a drop in share price. Over the last 52-week period, shares are down 24.31%.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 3:00 pm

AAL

DAL

SAVE

UAL

ULCC

Delta Air Lines reported a nearly 60% profit rise in Q3 due to strong travel demand, but guided for full-year earnings toward the lower end of an earlier estimate due to increased fuel prices. The airline's revenue was $14.55 billion, slightly short of the expected $14.56 billion. Delta expects solid travel demand to continue in Q4, with revenue expected to grow 9% to 12% YoY. However, due to fuel price pressures, Delta's costs are expected to increase by $400 million in H2. The airline has also lowered its full-year earnings forecast and cut its full-year free cash flow estimate from $3 billion to $2 billion.

Portfolio Pulse from Upwallstreet

October 16, 2023 | 2:50 pm

GOGO

GRVY

TZOO

The article discusses value stocks in the communication services sector, highlighting five companies: Travelzoo, Gogo, Weibo, Scienjoy Holding, and GRAVITY Co. These companies are considered undervalued based on their low price-to-earnings (P/E) multiples. The article also provides Q2 earnings per share for each company, showing increases for most compared to Q1.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 2:45 pm