Streetbeat News

Earnings

GNTX

Gentex Corporation reported strong Q3 earnings, beating expectations with EPS of 53 cents and revenues of $608.53 million. Despite a decline in global light vehicle production, Gentex outperformed its primary markets by 12%. However, the company trimmed its 2024 outlook, expecting lower net sales and gross margins than previously forecasted. GNTX shares rose by 4.89% following the report.

Portfolio Pulse from Nabaparna Bhattacharya

October 25, 2024 | 4:00 pm

FSLR

First Solar Inc. (NASDAQ:FSLR) shares rose by 2.03% to $200.01, despite a 21.74% drop over the past month. The stock's P/E ratio of 17.5 is lower than the industry average of 75.38, suggesting potential undervaluation or weak growth prospects. Investors should consider multiple metrics for a comprehensive analysis.

Portfolio Pulse from Benzinga Insights

October 25, 2024 | 3:48 pm

DECK

Deckers Outdoor Corp (NYSE:DECK) reported strong fiscal Q2 earnings, beating consensus estimates. Analysts have mixed ratings but generally see potential for continued growth, particularly in the Hoka and UGG brands. The stock rose 12.21% following the earnings report.

Portfolio Pulse from Priya Nigam

October 25, 2024 | 3:46 pm

FIX

Comfort Systems USA anticipates facing tougher revenue comparisons in the upcoming quarters, with Q4 revenue expected to be comparable to Q3.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2024 | 3:46 pm

AEM

ASTS

QS

SOFI

VICI

Benzinga's Stock Whisper Index highlights five stocks that are gaining attention: SoFi Technologies, AST SpaceMobile, QuantumScape Corporation, Agnico Eagle Mines, and VICI Properties. These stocks are being monitored for their recent developments and potential growth.

Portfolio Pulse from Chris Katje

October 25, 2024 | 3:32 pm

WDC

Western Digital's shares rose despite missing revenue expectations, driven by strong earnings and positive future guidance. Analysts maintained positive ratings and increased price targets, highlighting the company's strong data center performance and upcoming NAND business spin-off.

Portfolio Pulse from Priya Nigam

October 25, 2024 | 3:31 pm

AMAT

MU

NVDA

WDC

Semiconductor and chip stocks are experiencing a rise in share prices, likely influenced by Western Digital's Q1 earnings beat and a decrease in yields.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2024 | 3:29 pm

BA

Goldman Sachs analyst Noah Poponak maintains a bullish outlook on Boeing Co. (NYSE:BA) despite its weak Q3 performance, citing it as a 'long-term deep-value opportunity.' Poponak reaffirms a Buy rating with a $200 price target, highlighting robust aircraft demand, planned capital raises, and new leadership as key factors for recovery. Boeing's Q3 results showed revenue of $17.84 billion and a core EPS loss of $(10.44), with significant losses in the Commercial Airplanes segment due to production setbacks and a machinists' strike. The Defense, Space & Security division also faced challenges, while Global Services showed improved margins. Boeing plans to raise $18 billion to support its balance sheet amid ongoing labor disputes and production challenges.

Portfolio Pulse from Piero Cingari

October 25, 2024 | 3:23 pm

RMD

ResMed Inc (NYSE:RMD) reported strong Q1 results with a 34% increase in EPS and 11% revenue growth, surpassing expectations. The company's fundamentals remain positive, supported by strong demand and operational excellence. Analyst William Blair rates the stock as Outperform.

Portfolio Pulse from Vandana Singh

October 25, 2024 | 3:15 pm

TXRH

Texas Roadhouse shares are trading higher despite missing Q3 earnings expectations. Analysts have responded positively by raising their price targets for the stock.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2024 | 3:12 pm