Streetbeat News

Earnings

HRI

Herc Holdings Inc (NYSE:HRI) reported mixed Q2 FY24 results with sales growth of 6% year-on-year to $848 million, beating estimates. However, adjusted EPS of $2.60 missed expectations. The company reaffirmed its FY24 guidance despite local market growth deceleration.

Portfolio Pulse from Shivani Kumaresan

July 23, 2024 | 3:26 pm

NBTB

NBT Bancorp shares are trading higher following the company's better-than-expected Q2 sales results and an increase in its quarterly dividend from $0.32 to $0.34 per share.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 3:24 pm

EFSC

Enterprise Financial Services shares are trading higher after the company reported better-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 3:23 pm

TSLA

Guggenheim analyst Ronald Jewsikow reiterated a Sell rating on Tesla (NASDAQ:TSLA) with a $134 price target ahead of its Q2 earnings report. Investors are more focused on future developments, including the delayed robotaxi event, 2024 volume guidance, and market share in China. Jewsikow expects Tesla to beat EPS estimates but miss on automotive gross margins due to discounting actions.

Portfolio Pulse from Chris Katje

July 23, 2024 | 3:22 pm

OMI

Owens & Minor shares are trading higher following the release of preliminary Q2 financial results and FY24 guidance. The company also announced a definitive agreement to acquire Rotech Healthcare Holdings.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 3:19 pm

KREF

KKR Real Estate Finance Trust shares are trading higher after the company reported better-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 3:18 pm

MCO

Moody's Corporation (NYSE:MCO) reported strong Q2 earnings, beating street estimates with an adjusted EPS of $3.28 and sales of $1.817 billion. The company raised its share repurchase guidance to $1.3 billion and increased its FY24 adjusted EPS outlook. Despite the positive results, MCO shares are trading lower.

Portfolio Pulse from Nabaparna Bhattacharya

July 23, 2024 | 3:17 pm

IBM

Investors with significant capital have taken a bearish stance on IBM, as observed through 12 uncommon options trades. The sentiment is split with 41% bullish and 50% bearish. The trades target a price range of $177.5 to $190.0. IBM's stock is currently down 0.36% at $183.5, with the next earnings report expected in 1 day.

Portfolio Pulse from Benzinga Insights

July 23, 2024 | 3:16 pm

TMO

Financial giants have shown a bearish sentiment towards Thermo Fisher Scientific (NYSE:TMO) through options trading. Analysis reveals 40% bearish and 20% bullish trades, with significant activity in puts and calls. The predicted price range is $500 to $660. The stock is currently trading at $556.56, up by 1.86%, with an upcoming earnings report in one day. Analysts have set an average price target of $600.

Portfolio Pulse from Benzinga Insights

July 23, 2024 | 3:16 pm

DGX

Quest Diagnostics shares are trading lower following the release of their Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 3:14 pm