Streetbeat News

Earnings

IBTA

Analysts' ratings for Ibotta (NYSE:IBTA) have varied over the last quarter, with a mix of bullish and somewhat bullish sentiments. The average 12-month price target has decreased by 10.89% to $108.0. Several analysts have lowered their price targets, reflecting a cautious outlook despite Ibotta's strong financial performance, including a 42.7% revenue growth rate and high net margin.

Portfolio Pulse from Benzinga Insights

August 14, 2024 | 5:00 pm

TME

BofA Securities analyst Lei Zhang reiterated a Buy rating on Tencent Music Entertainment Group (NYSE:TME) with a price target of $15, down from $18. Despite missing revenue estimates for Q2 2024, the company met EPS expectations. Zhang highlighted the company's focus on ARPU growth and premium services, which could drive profitability. The price target cut reflects a lowered average fiscal 2025 P/E of 20x amid a weak market.

Portfolio Pulse from Anusuya Lahiri

August 14, 2024 | 4:56 pm

EDBL

Edible Garden AG Inc. (NASDAQ: EDBL) shares are trading higher after the company reported Q2 earnings. The company posted a quarterly loss of $1.21 per share and sales of $4.268 million, slightly below analyst estimates. However, the company saw a 157% increase in gross profit and significant growth in core product segments. The stock is up 12.3% following the report.

Portfolio Pulse from Erica Kollmann

August 14, 2024 | 4:43 pm

APCX

AppTech Payments (NASDAQ:APCX) reported Q2 EPS of $(0.12), missing the $(0.06) estimate. Sales were $76K, down from $134K YoY.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 4:41 pm

ANF

Financial giants have made significant bullish moves on Abercrombie & Fitch (NYSE:ANF), with 69% of traders showing bullish tendencies in recent options trades. The stock is currently trading at $155.44, up by 1.22%, and has a consensus target price of $194.0. JP Morgan has upgraded its rating to Overweight with a revised price target of $194.0.

Portfolio Pulse from Benzinga Insights

August 14, 2024 | 4:30 pm

AAME

Atlantic American reported Q2 2024 revenue of $47.67 million, down from $49.18 million year-over-year. The company posted an EPS of $(0.04), compared to $0.08 in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 4:17 pm

WMT

Walmart Inc (NYSE:WMT) is set to report its Q2 earnings on Thursday, with Wall Street expecting 64 cents in EPS and $168.6 billion in revenues. The stock has shown mixed technical signals, with short-to-medium term indicators being both bullish and bearish. Analysts have a consensus 'Buy' rating with an 8% upside potential.

Portfolio Pulse from Surbhi Jain

August 14, 2024 | 4:13 pm

CAN

Canaan Inc (NASDAQ:CAN) shares are trading lower by 4% to $0.83 ahead of its second-quarter earnings report, expected to show an EPS loss of 2 cents on revenue of $51.9 million. In the first quarter of 2024, Canaan reported a 36.5% year-over-year revenue decline to $35.09 million, surpassing analyst expectations. The company sold 3.4 million Thash/s of computing power and had $54.7 million in cash by the end of March, with Bitcoin holdings exceeding 1,000 for the first time.

Portfolio Pulse from Henry Khederian

August 14, 2024 | 4:13 pm

SNTI

Senti Biosciences shares are trading higher after the company announced a year-over-year increase in Q2 EPS results.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 4:08 pm

TSAT

Telesat Corporation shares are trading higher after the company reported better-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 4:07 pm