Streetbeat News

Earnings

MCD

McDonald's Corp (NYSE:MCD) reported a slight decline in Q2 FY24 sales and missed analyst expectations. Global comparable sales decreased, with U.S. sales slipping 0.7%. Operating income and margins also declined. Despite these challenges, McDonald's remains focused on strategic growth drivers and expects positive contributions from net restaurant unit expansion in 2024.

Portfolio Pulse from Shivani Kumaresan

July 29, 2024 | 12:04 pm

ON

ON Semiconductor has released its Q3 2024 outlook, projecting revenue between $1.7 billion and $1.8 billion, slightly above the $1.73 billion estimate. Adjusted EPS is expected to be between $0.91 and $1.03, compared to the $0.92 estimate.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 12:03 pm

AVTR

In the last three months, 5 analysts have published ratings on Avantor (NYSE:AVTR), with a mix of bullish and bearish perspectives. The average 12-month price target is now $26.6, down from $28.40. Analysts have adjusted their ratings and price targets in response to market dynamics and company performance. Avantor has faced a 5.65% decline in revenue over the past three months but maintains strong net margins, ROE, and ROA. However, it struggles with a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

July 29, 2024 | 12:01 pm

ON

ON Semiconductor reported Q2 2024 adjusted EPS of $0.96, beating the estimate of $0.92. Sales were $1.735 billion, also surpassing the estimate of $1.729 billion.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 12:01 pm

PHG

Philips (NYSE: PHG) reported higher Q2 2024 earnings, with sales reaching €4.46 billion, beating expectations. Despite a decline in China, the company saw growth across all segments and regions. Adjusted EPS rose to €0.30, and the company reaffirmed its annual guidance. Philips' stock is up 10.1% in premarket trading.

Portfolio Pulse from Vandana Singh

July 29, 2024 | 11:46 am

AAPL

ABT

AMZN

COIN

MCD

META

MSFT

ON

PHG

QQQ

SPY

US stocks are poised to extend gains ahead of key tech earnings and the FOMC meeting. Major tech companies like Microsoft, Apple, Amazon, and Meta are set to report earnings, which could set the market's tempo. Index futures show cautious optimism, and small-cap stocks continue to rally due to attractive valuations and rate-cut expectations. Key economic data and earnings reports from companies like McDonald's, ON Semiconductor, and others are also in focus.

Portfolio Pulse from Shanthi Rexaline

July 29, 2024 | 11:43 am

CIVB

Civista Bancshares (NASDAQ:CIVB) reported Q2 2024 earnings per share (EPS) of $0.45, beating the analyst estimate of $0.39. Sales were $38.294 million, also surpassing the $37.068 million estimate. However, both EPS and sales were down compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 11:43 am

PRKS

United Parks & Resorts reported preliminary Q1 attendance of approximately 6.2 million guests, up from 6.1 million year-over-year. The company expects total revenues to be between $495 million and $500 million, compared to the estimated $506.22 million.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 11:33 am

BPT

CHK

EQT

INDO

The article highlights four oversold energy stocks with potential for significant gains in Q3. These stocks include Chesapeake Energy Corp (CHK), EQT Corp (EQT), Indonesia Energy Corp Ltd (INDO), and BP Prudhoe Bay Royalty Trust (BPT). Each company has experienced recent declines in stock price and has an RSI value near or below 30, indicating they may be undervalued.

Portfolio Pulse from Avi Kapoor

July 29, 2024 | 11:25 am

TSLA

Tesla faced a challenging week with weaker-than-expected Q2 earnings and the lowest profit margins in five years. Despite these setbacks, Morgan Stanley analyst Adam Jonas defended Tesla's stock, emphasizing the potential of its non-automotive divisions like energy, AI, and robotics. Jonas maintained a $310 price target, highlighting the record deployment of energy storage products. Other analysts had mixed reactions, with some criticizing Tesla's strategy and margins.

Portfolio Pulse from Navdeep Yadav

July 29, 2024 | 11:13 am