Streetbeat News

Earnings

PFSI

PennyMac Financial Services reported Q2 2024 adjusted EPS of $2.67, surpassing the estimated $2.58.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 8:40 pm

PGC

Peapack Gladstone Finl (NASDAQ:PGC) reported Q2 earnings of $0.42 per share, beating the analyst estimate of $0.35. Sales were $56.60M, also surpassing the $54.36M estimate. However, both earnings and sales were down compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 8:40 pm

RNST

Renasant (NYSE:RNST) reported Q2 2024 adjusted EPS of $0.69, beating the analyst estimate of $0.66. However, sales of $163.788 million missed the estimate of $166.019 million. Sales increased by 11.09% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 8:38 pm

FSBW

FS Bancorp (NASDAQ:FSBW) reported Q2 earnings per share (EPS) of $1.13, surpassing the analyst consensus estimate of $1.02 by 10.78%. However, this represents a 9.6% decrease from the $1.25 EPS reported in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 8:37 pm

PKG

Packaging Corporation Of America (PKG) expects Q3 EPS of $2.45, with strengthening shipments-per-day and higher containerboard volume. Paper volume will be slightly lower due to the timing of back-to-school business received in Q2.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 8:36 pm

ENPH

Enphase Energy Inc (NASDAQ:ENPH) reported Q2 earnings with revenue of $303.46 million, missing estimates. Adjusted earnings were 43 cents per share, also missing expectations. U.S. revenue increased by 32% QoQ, while European revenue remained flat. Gross margin was 47.1%, and the company generated $117.4 million in free cash flow. Enphase ended the quarter with $1.65 billion in cash and marketable securities. The company shipped 120.2 MWh of IQ Batteries in Q2 2024 and expects Q3 revenue between $370 million and $410 million. ENPH shares rose 5.39% after hours.

Portfolio Pulse from Adam Eckert

July 23, 2024 | 8:35 pm

ASR

Southeast Airport Group reported Q2 sales of $429.30 million, missing the estimated $451.34 million.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 8:34 pm

SPOT

Spotify's Q2 2024 results showed strong margin gains, record free cash flow, and robust subscriber growth, leading JP Morgan analyst Doug Anmuth to maintain an Overweight rating. Despite missing revenue estimates, Spotify's EPS beat expectations, and its guidance for Q3 gross margin and operating income exceeded consensus. Shares closed 12% higher.

Portfolio Pulse from Anusuya Lahiri

July 23, 2024 | 8:34 pm

USNA

Usana Health Sciences shares are trading lower after the company reported worse-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 8:33 pm

MANH

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

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 8:33 pm