Streetbeat News

Earnings

MMC

Marsh & McLennan (NYSE:MMC) reported better-than-expected Q3 earnings, with EPS of $1.63 beating the consensus of $1.57. The company also announced the acquisition of McGriff Insurance Services. Analysts raised their price targets for MMC following the earnings report.

Portfolio Pulse from Avi Kapoor

October 18, 2024 | 4:22 pm

ISRG

Intuitive Surgical (NASDAQ:ISRG) reported strong Q3 earnings, surpassing expectations with a 12% earnings beat and 17% revenue growth. Analysts have raised price targets, citing robust procedure volume growth and the successful uptake of the da Vinci 5 system. The company is well-positioned for continued growth, with plans for a broad launch of the DV5 in mid-2025.

Portfolio Pulse from Priya Nigam

October 18, 2024 | 4:19 pm

MTB

M&T Bank Corporation (NYSE:MTB) reported better-than-expected third-quarter earnings, with EPS of $4.08 beating the consensus estimate of $3.64. Sales also surpassed expectations at $2.332 billion. Following the earnings report, analysts from RBC Capital, Barclays, and Goldman Sachs raised their price targets for MTB. Despite the positive earnings, MTB shares fell 0.5% to $197.98.

Portfolio Pulse from Avi Kapoor

October 18, 2024 | 4:14 pm

NOK

Nokia shares are rebounding after a decline due to disappointing Q3 results. The company plans to cut jobs in China and Europe.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 4:11 pm

CVS

ELV

UNH

Elevance Health, CVS Health, and UnitedHealth Group are facing increased medical costs due to the end of a COVID-19 policy that maintained continuous Medicaid enrollment. This has led to lowered profit forecasts and earnings outlooks for these companies.

Portfolio Pulse from Erica Kollmann

October 18, 2024 | 4:09 pm

BX

Blackstone shares are experiencing an upward trend as several analysts have increased their price targets following the company's positive Q3 earnings report.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 4:05 pm

CVS

Health insurance stocks are experiencing a decline due to weak earnings and guidance from several companies in the sector. CVS shares fell further due to a CEO change and weak guidance.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 4:03 pm

SASR

Sandy Spring Bancorp (NASDAQ:SASR) is set to release its quarterly earnings report on October 21, 2024. Analysts expect an EPS of $0.46. Despite past earnings beats, the stock has seen price declines post-announcement. Shares are up 66.74% over the past year, indicating bullish sentiment among long-term investors.

Portfolio Pulse from Benzinga Insights

October 18, 2024 | 4:02 pm

FLXS

Flexsteel Industries (NASDAQ:FLXS) is set to release its quarterly earnings report on October 21, 2024. Analysts expect an EPS of $0.62. Investors are keen on the earnings performance and future guidance, as past earnings have shown mixed impacts on stock prices.

Portfolio Pulse from Benzinga Insights

October 18, 2024 | 4:02 pm

RBB

RBB Bancorp is set to release its quarterly earnings report on October 21, 2024. Analysts expect an EPS of $0.38. Investors are keen on both the earnings results and the guidance for the next quarter, as past performance shows mixed market reactions despite EPS beats.

Portfolio Pulse from Benzinga Insights

October 18, 2024 | 4:02 pm