Streetbeat News

Earnings

ORN

Orion Group shares are trading lower after the company reported worse-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 1:09 pm

PRPO

Precipio, Inc. (NASDAQ:PRPO) reported $0.3M cash generated from operations in Q2 2024, partly due to delayed cash collections from Q1. The company has $1.3M in cash reserves and is optimistic about reaching breakeven by year-end.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 1:09 pm

GCAD

HON

PPA

Honeywell International Inc. (NASDAQ: HON) reported strong Q2 earnings driven by aerospace growth but lowered its FY24 EPS outlook. Revenue grew 5% Y/Y to $9.58 billion, beating expectations. Adjusted EPS was $2.49, also beating estimates. Despite positive growth in three of its four segments, the company lowered its FY24 EPS guidance and segment margin outlook. Honeywell shares are down 4.52% premarket. Investors can gain exposure via Gabelli Commercial Aerospace And Defense ETF (NYSE: GCAD) and Invesco Aerospace & Defense ETF (NYSE: PPA).

Portfolio Pulse from Lekha Gupta

July 25, 2024 | 1:07 pm

CFR

Cullen/Frost Bankers reported Q2 2024 GAAP EPS of $2.21, beating the estimate of $2.07. Sales were $528.811 million, surpassing the $515.357 million estimate.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 1:03 pm

EW

MXL

POAI

Market-Moving News for July 25th: Edwards Lifesciences (EW) shares drop 24% after poor Q2 sales and weak Q3 guidance, despite acquiring JenaValve and Endotronix. MaxLinear (MXL) shares fall 27% following disappointing Q2 results. Predictive Oncology (POAI) shares surge 117% after entering the biomarker discovery market with successful ovarian cancer study results.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 1:01 pm

ALLE

Allegion (NYSE:ALLE) has been analyzed by four analysts, revealing mixed sentiments ranging from indifferent to somewhat bearish. The average 12-month price target has declined to $117.5 from $122.75. Key financial indicators show a decline in revenue growth but strong net margin, ROE, and ROA. However, the company's debt-to-equity ratio is notably high.

Portfolio Pulse from Benzinga Insights

July 25, 2024 | 1:01 pm

ADEA

AVAV

AVGO

HL

JMIA

Jim Cramer discussed several stocks on CNBC's 'Mad Money Lightning Round.' He expressed concerns about Jumia Technologies AG (NYSE:JMIA) not making a lot of money, despite a Buy rating from Benchmark analyst Fawne Jiang. Cramer recommended buying Trade Desk (TTD) over Adeia Inc. (NASDAQ:ADEA), which will report earnings on Aug. 6. He praised Broadcom Inc. (NASDAQ:AVGO) as 'absolutely terrific' and mentioned Hecla Mining Company (NYSE:HL) positively. Cramer also recommended AeroVironment, Inc. (NASDAQ:AVAV).

Portfolio Pulse from Avi Kapoor

July 25, 2024 | 1:01 pm

CONN

LEVI

The article highlights two oversold consumer discretionary stocks, Conn’s Inc (NASDAQ:CONN) and Levi Strauss & Co (NYSE:LEVI), which present potential buying opportunities. Conn’s Inc has faced significant stock price decline and received a delinquency notification from Nasdaq, while Levi Strauss reported better-than-expected quarterly earnings but also saw a stock price drop.

Portfolio Pulse from Avi Kapoor

July 25, 2024 | 1:01 pm

UTHR

United Therapeutics (NASDAQ: UTHR) received mixed analyst ratings over the last quarter, with a majority being bullish. The average 12-month price target increased to $336.78, with a high of $400.00 and a low of $240.00. The company showed strong financial performance with significant revenue growth, high net margins, and effective debt management.

Portfolio Pulse from Benzinga Insights

July 25, 2024 | 1:00 pm

LULU

Lululemon Athletica Inc. (NASDAQ:LULU) has paused sales of its Breezethrough collection due to design flaws, leading JPMorgan to lower its 2024 earnings estimates and remove the stock from its Analyst Focus List. The company's stock faces a revised price target of $338.00 for December 2025, down from $457.00. This setback is expected to impact Lululemon's revenue growth and operating margins.

Portfolio Pulse from Surbhi Jain

July 25, 2024 | 12:59 pm