Streetbeat News

Earnings

BKKT

Bakkt Holdings shares are trading lower after the company reported worse-than-expected Q2 EPS results and cut its FY24 crypto revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 7:05 pm

IBTA

Ibotta, Inc. (NYSE:IBTA) reported a year-over-year decrease in Q2 adjusted EPS and issued Q3 revenue guidance below estimates. Despite beating Q2 sales estimates, shares dipped 24.6%. Multiple analysts lowered their price targets while maintaining their ratings.

Portfolio Pulse from Avi Kapoor

August 14, 2024 | 7:05 pm

ASTS

AST SpaceMobile Inc. (NASDAQ:ASTS) is set to report its Q2 2024 earnings on August 27, with analysts expecting a loss of 22 cents per share and revenue of $21 million. The company recently transported five BlueBird satellites to Cape Canaveral for a September launch. AST SpaceMobile aims to create the first space-based cellular broadband network accessible by everyday smartphones.

Portfolio Pulse from Dylan Berman

August 14, 2024 | 7:00 pm

XCUR

Exicure shares are trading lower following the company's Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 7:00 pm

DE

Goldman Sachs maintains a positive outlook on Deere & Co (NYSE: DE) ahead of its third-quarter earnings report, despite potential risks in its captive finance business. The company is expected to report EPS of $5.77 on revenue of $10.944 billion. Goldman Sachs highlights the resilience of Deere's finance operations and projects a 12-month price target of $466, maintaining a Buy rating.

Portfolio Pulse from Henry Khederian

August 14, 2024 | 6:58 pm

BEEM

Beam Global shares are trading lower after the company reported worse-than-expected Q2 financial results. B. Riley Securities also lowered its price target on the stock from $11 to $10.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 6:54 pm

OUST

Ouster Inc. (NYSE: OUST) reported weaker-than-expected Q2 sales, leading to a 27.7% drop in its stock price. Despite beating EPS estimates, the company missed revenue expectations and provided lower-than-expected Q3 revenue guidance. Analysts have adjusted their price targets downward.

Portfolio Pulse from Avi Kapoor

August 14, 2024 | 6:54 pm

ELYM

Eliem Therapeutics shares are trading lower after the company reported a year-over-year decrease in Q2 EPS results.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 6:50 pm

KITT

Nauticus Robotics, Inc. (NASDAQ:KITT) shares fell 15.9% after reporting Q2 losses of $2.75 per share on revenue of $501,710, a 55.53% decrease from last year. The company is upgrading its deepwater electronics and expects to expand revenue opportunities with two working vehicles. CEO John Gibson highlighted ongoing support from lenders and progress in a program for a major offshore producer in Brazil.

Portfolio Pulse from Erica Kollmann

August 14, 2024 | 6:47 pm

SE

BofA Securities analyst Sachin Salgaonkar reiterated a Buy rating on Sea Limited (NYSE:SE), raising the price target to $84 from $77. Sea Limited reported a 23% YoY revenue growth for Q2, beating estimates. The company is expected to benefit from e-commerce growth in Southeast Asia and expansion into Brazil. The analyst revised FY24/25 EPS estimates and target multiples for gaming and Shopee, indicating improved business momentum.

Portfolio Pulse from Nabaparna Bhattacharya

August 14, 2024 | 6:35 pm