Streetbeat News

Earnings

META

Wealthy investors have taken a bullish stance on Meta Platforms (NASDAQ:META), as observed through 11 uncommon options trades. The sentiment is split between 36% bullish and 36% bearish, with a focus on a price range between $490.0 and $510.0. The next earnings report is scheduled in 8 days.

Portfolio Pulse from Benzinga Insights

July 23, 2024 | 1:47 pm

SMCI

Financial giants have shown a bearish trend in options trading for Super Micro Computer (NASDAQ:SMCI), with 50% of trades being bearish. The stock is currently down 1.73% at $772.68. Analysts have mixed ratings, with price targets ranging from $325 to $930.

Portfolio Pulse from Benzinga Insights

July 23, 2024 | 1:47 pm

HBT

HBT Financial, Inc. (NASDAQ:HBT) reported better-than-expected Q2 earnings of 57 cents per share, beating the consensus estimate of 56 cents per share. However, quarterly sales of $56.64 million missed the estimate of $57.01 million, marking a 3.65% decrease from the same period last year. Analysts have adjusted their price targets for HBT Financial following the results.

Portfolio Pulse from Avi Kapoor

July 23, 2024 | 1:44 pm

AQWA

PIO

PNR

Pentair plc (NYSE:PNR) reported a Q2 2024 earnings beat with net sales rising 2% Y/Y to $1.099 billion, slightly above the consensus. The company saw improvements in operating income and margins, and adjusted EPS rose 18% Y/Y to $1.22, surpassing expectations. Despite economic headwinds, Pentair updated its FY24 outlook and announced a quarterly dividend. Investors can gain exposure via Invesco Global Water ETF (NASDAQ:PIO) and Global X Clean Water ETF (NASDAQ:AQWA).

Portfolio Pulse from Lekha Gupta

July 23, 2024 | 1:42 pm

TFC

Truist Financial Corporation (NYSE:TFC) reported better-than-expected quarterly earnings, with EPS of 91 cents beating the consensus estimate of 82 cents and sales of $5.018 billion surpassing the $4.805 billion estimate. Following the earnings report, several analysts raised their price targets for TFC.

Portfolio Pulse from Avi Kapoor

July 23, 2024 | 1:38 pm

FDX

UPS

FedEx is trading lower in sympathy with UPS, which reported worse-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 1:37 pm

ZION

Zions Bancorp (NASDAQ:ZION) reported better-than-expected quarterly results, with sales of $776 million and GAAP EPS of $1.28. Analysts have raised their price targets for the stock following the positive results.

Portfolio Pulse from Avi Kapoor

July 23, 2024 | 1:31 pm

FAAS

DigiAsia Corp. (NASDAQ:FAAS) reported significant growth for FY23, with 7.85 billion transactions, $3.625 billion in gross transaction value, 1 million total merchants, and a 40% increase in enterprise payment and banking partners.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 1:30 pm

T

AT&T Inc. (NYSE:T) is set to report its Q2 earnings with Wall Street expecting 57 cents in EPS and $30 billion in revenues. The stock has shown a mixed trend with bearish short-term indicators but several bullish signals suggesting potential upside. Analysts have a consensus 'Buy' rating with a price target of $21.98, indicating a 13% upside.

Portfolio Pulse from Surbhi Jain

July 23, 2024 | 1:25 pm

GE

GE Aerospace reported mixed Q2 2024 results with adjusted revenue growth of 4% YoY to $8.22 billion, missing the consensus of $8.462 billion. However, the company raised its full-year profit and cash flow guidance, driven by double-digit growth in orders, operating profit, and free cash flow. Adjusted EPS was $1.20, beating the consensus of $0.99. GE shares are trading higher by 1.77% premarket.

Portfolio Pulse from Akanksha Bakshi

July 23, 2024 | 1:21 pm