Streetbeat News

Earnings

TRV

Travelers Companies (NYSE:TRV) is set to release its quarterly earnings on October 17, 2024. Analysts expect an EPS of $3.64. Investors are hopeful for an earnings beat and positive guidance, which can significantly impact stock prices. In the last quarter, despite an EPS beat, the stock price remained unchanged.

Portfolio Pulse from Benzinga Insights

October 16, 2024 | 3:00 pm

CRM

The article provides a comprehensive analysis of Salesforce (NYSE:CRM) compared to its competitors in the software industry. It highlights Salesforce's financial metrics, market position, and growth prospects. Key points include Salesforce's lower P/E, P/B, and P/S ratios compared to industry averages, indicating potential undervaluation. However, its ROE is below the industry average, suggesting inefficiency in using equity to generate profits. Salesforce shows strong profitability with high EBITDA and gross profit but has lower revenue growth than the industry average. Its low debt-to-equity ratio indicates a strong financial position.

Portfolio Pulse from Benzinga Insights

October 16, 2024 | 3:00 pm

UNH

UnitedHealth shares are experiencing a rebound after a decline on Tuesday, which followed the release of their Q3 earnings.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 2:52 pm

ASML

AVGO

MRVL

NVDA

ASML Holdings N.V. (NASDAQ:ASML) shares plunged over 16% after cutting its 2025 sales forecast due to weaker demand for its EUV lithography machines. Analysts from Goldman Sachs and Bank of America highlighted challenges in the semiconductor market, including global reshoring efforts and geopolitical tensions. Despite ASML's struggles, Bank of America remains optimistic about AI-related semiconductor companies like NVIDIA, Broadcom, and Marvell Technology.

Portfolio Pulse from Piero Cingari

October 16, 2024 | 2:52 pm

AVTBF

Avant Brands Inc. (OTCQX:AVTBF) reported record quarterly revenue driven by strong international demand, with a 30% increase from the previous year. The company is focusing on international expansion, with significant growth in markets like Australia, Germany, and Israel.

Portfolio Pulse from Nina Zdinjak

October 16, 2024 | 2:51 pm

KRRO

UAL

USB

WVE

United Airlines reported better-than-expected earnings, leading to a 9.3% stock increase. Other stocks like Korro Bio, Wave Life Sciences, and Morgan Stanley also saw significant gains due to positive developments.

Portfolio Pulse from Avi Kapoor

October 16, 2024 | 2:23 pm

ABT

Abbott Laboratories (NYSE:ABT) stock has increased by 2.26% in the current session, 3.30% over the past month, and 24.34% over the past year. Its P/E ratio of 36.61 is lower than the industry average of 272.88, suggesting potential undervaluation or lower growth expectations.

Portfolio Pulse from Benzinga Insights

October 16, 2024 | 2:15 pm

ABT

ATNF

DRUG

STEC

SVCO

ZPTA

US stocks showed mixed performance with the Dow Jones slightly up, while NASDAQ and S&P 500 fell. Abbott Laboratories reported better-than-expected Q3 results, boosting its stock. Several other stocks experienced significant price movements due to various announcements and results.

Portfolio Pulse from Avi Kapoor

October 16, 2024 | 2:03 pm

MAN

ManpowerGroup (NYSE:MAN) is set to announce its quarterly earnings on October 17, 2024. Analysts expect an EPS of $1.29. The market is optimistic about the company surpassing estimates and providing positive guidance, which could impact stock prices. Previously, despite an EPS beat, the stock dropped 2.59%.

Portfolio Pulse from Benzinga Insights

October 16, 2024 | 2:03 pm

MMC

Marsh & McLennan (NYSE:MMC) is set to release its quarterly earnings on October 17, 2024, with analysts estimating an EPS of $1.61. The company's past performance shows mixed stock price reactions to earnings beats. Analysts have a Neutral consensus on MMC with a slight potential upside. The company shows strong financial health with impressive net margins and ROE, but its revenue growth lags behind peers.

Portfolio Pulse from Benzinga Insights

October 16, 2024 | 2:02 pm