Streetbeat News

Earnings

RIVN

XPEV

Shares of electric vehicle (EV) companies are trading lower, potentially in sympathy with Ford Motor's decline following its Q3 earnings report and FY24 guidance.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 6:45 pm

BKYI

GLYC

JBI

PSX

TMDX

WGS

U.S. stocks mostly rose with the Nasdaq gaining over 150 points. Phillips 66 shares fell 5% after Q3 results, despite beating EPS expectations. GlycoMimetics surged 172% on merger news. BIO-key rose 60% on a large order. GeneDx gained 46% on strong earnings. TransMedics and Janus International fell sharply on poor results.

Portfolio Pulse from Avi Kapoor

October 29, 2024 | 6:41 pm

GOOG

GOOGL

Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) is set to release its Q3 earnings on Oct. 29, with expectations of $1.84 EPS and $86.3 billion in revenue. Analysts have revised their forecasts, with several maintaining or increasing their price targets. The company's AI advancements, such as Project Jarvis, are also highlighted.

Portfolio Pulse from Avi Kapoor

October 29, 2024 | 6:40 pm

LEU

Centrus Energy shares rose following the announcement of better-than-expected Q3 revenue results.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 6:18 pm

CRUZ

PEJ

RCL

Royal Caribbean Cruises Ltd. (NYSE:RCL) reported mixed Q3 results with revenue slightly missing expectations but EPS beating estimates. However, Goldman Sachs cautions about rising Q4 costs and lower EPS guidance, partly due to Hurricane Milton and cost shifts. Despite short-term concerns, long-term demand and pricing conditions are improving.

Portfolio Pulse from Lekha Gupta

October 29, 2024 | 6:17 pm

TMDX

TransMedics Group Inc (NASDAQ:TMDX) reported disappointing Q3 results, missing EPS and sales expectations. Despite a 64% sales increase, the stock fell 30.6% due to missed targets and lowered analyst price targets. Analysts maintain positive ratings but adjust price targets downward.

Portfolio Pulse from Vandana Singh

October 29, 2024 | 6:14 pm

VFC

VF Corporation's shares rose after reporting better-than-expected Q2 results, with revenue of $2.8 billion and earnings of 60 cents per share. Despite a 6% YoY revenue decline, analysts raised price targets. The company aims for $300 million in savings by FY 2025 and announced a 9-cent dividend.

Portfolio Pulse from Vaishali Prayag

October 29, 2024 | 6:10 pm

FPI

Farmland Partners (NYSE:FPI) is set to release its quarterly earnings report on October 30, 2024. Analysts expect an EPS of $0.01. Investors are keen on the announcement, hoping for positive guidance. The company's past performance shows mixed results, with a notable 6.87% drop in share price after the last earnings miss.

Portfolio Pulse from Benzinga Insights

October 29, 2024 | 6:02 pm

MISTRAS Group (NYSE:MG) is set to release its quarterly earnings on October 30, 2024. Analysts expect an EPS of $0.27. Investors are keen on not just an earnings beat but also positive future guidance. Historically, MISTRAS has shown positive price changes post-earnings beats.

Portfolio Pulse from Benzinga Insights

October 29, 2024 | 6:02 pm

TDOC

Teladoc Health is set to release its quarterly earnings report on October 30, 2024. Analysts estimate an EPS of $-0.27. The company's past performance has shown a pattern of share price drops following earnings announcements, despite beating EPS estimates. The stock is currently trading at $9.18, down 46.1% over the past year. Analysts have a Neutral rating with a price target of $10.47, indicating a potential 14.05% upside. Teladoc's financial metrics, such as revenue growth and net margin, lag behind industry peers.

Portfolio Pulse from Benzinga Insights

October 29, 2024 | 6:02 pm