Streetbeat News

Earnings

HZO

Island Capital Group has raised concerns about MarineMax's operating strategy, highlighting excessive senior management compensation exceeding $10 million per year. This has cost shareholders $50M-$100M in value, while the company's EBITDA run rate has dropped by over $100M and the stock price has fallen by more than 40% in the past three years.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:47 pm

PII

Polaris Inc. (NYSE:PII) reported disappointing Q2 results, missing both earnings and sales estimates. The company also significantly cut its 2024 guidance, leading to a 4.8% drop in its stock price. Analysts from BMO Capital and B of A Securities lowered their price targets for Polaris.

Portfolio Pulse from Avi Kapoor

July 24, 2024 | 12:43 pm

HTBI

HomeTrust Bancshares (NASDAQ:HTBI) reported Q2 2025 adjusted earnings per share (EPS) of $0.73, surpassing the analyst consensus estimate of $0.71 by 2.82%.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:42 pm

HOTH

PRG

TSLA

Market-Moving News for July 24th: Tesla (TSLA) shares drop 8.8% following mixed Q2 earnings and lower 2024 vehicle volume growth expectations. Hoth Therapeutics (HOTH) surges 95% after signing an agreement with LTS Therapy Systems for Alzheimer's treatment development. PROG Holdings (PRG) rises 14% on better-than-expected Q2 results and raised FY24 guidance.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:34 pm

LW

Lamb Weston has provided its financial outlook for FY25, projecting revenue between $6.6 billion and $6.8 billion, which is slightly below the estimated $6.8 billion. The company also expects EPS to be in the range of $4.35 to $4.85, significantly lower than the estimated $6.1.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:34 pm

ACHR

CHPT

ENVX

ICLN

JOBY

PLUG

QCLN

As Q2 earnings season approaches, clean tech stocks like Enovix Corp (NASDAQ:ENVX) and ChargePoint Holdings Inc (NYSE:CHPT) are in focus. Despite recent gains, the sector remains volatile. Analyst Bill Peterson highlights cautious investor sentiment and elevated short interest. Enovix has announced new commercial agreements and plans to scale production, leading to a raised price target. ChargePoint is expected to see sequential improvement but faces mixed demand. Archer Aviation Inc (NYSE:ACHR) and Joby Aviation Inc (NYSE:JOBY) have surged but may not align with fundamentals. Plug Power Inc (NASDAQ:PLUG) faces policy uncertainty affecting growth. The sector faces political and economic risks, with upcoming earnings likely to address these issues.

Portfolio Pulse from Surbhi Jain

July 24, 2024 | 12:33 pm

TMO

Thermo Fisher Scientific Inc. (NYSE: TMO) reported a slight dip in Q2 revenue but beat earnings expectations. The company completed the acquisition of Olink and raised its annual profit outlook. Despite a premarket stock dip, the outlook remains positive.

Portfolio Pulse from Vandana Singh

July 24, 2024 | 12:32 pm

LW

Lamb Weston Holdings (NYSE:LW) reported Q4 earnings of $0.78 per share, missing the analyst estimate of $1.26 by 38.1%. Sales were $1.61 billion, also below the $1.70 billion estimate. Both earnings and sales decreased compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:32 pm

PROG

PROG shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY24 guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:27 pm

TSEM

Tower Semiconductor Ltd (NASDAQ:TSEM) reported a 1.7% decline in Q2 2024 revenue to $351.2 million, beating analyst estimates. Adjusted EPS of $0.53 also surpassed expectations. Despite the revenue decline, gross profit and operating profit increased. The company expects Q3 revenue of $370 million. Shares fell 2.46% premarket.

Portfolio Pulse from Anusuya Lahiri

July 24, 2024 | 12:24 pm