Streetbeat News

Earnings

MSFT

Piper Sandler analyst Brent Bracelin has reiterated an Overweight rating on Microsoft (NASDAQ: MSFT) and increased the price target from $465 to $485, suggesting a 10% upside potential. Bracelin expects Microsoft's Cloud revenue to double to $200 billion by fiscal year 2026, driven by AI and data center investments. The analyst also raised his calendar year 2025 earnings per share estimate and P/E multiple due to strong cloud momentum.

Portfolio Pulse from Shanthi Rexaline

July 23, 2024 | 7:16 am

TSLA

Venture capitalist Naval Ravikant praised Tesla CEO Elon Musk as the 'real winner' following President Joe Biden's announcement to drop out of the 2024 election. Ravikant also commented on Trump's continued use of Truth Social, suggesting it is detrimental to him. The news comes amid Tesla's earnings report and Musk's endorsement of Trump.

Portfolio Pulse from Kaustubh Bagalkote

July 23, 2024 | 7:04 am

HMNF

HMN Financial (NASDAQ:HMNF) reported a Q2 EPS of $0.22, down 31.25% from $0.32 YoY, with sales of $9.702M, a slight increase from $9.70M YoY.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 6:14 am

GM

GOOG

GOOGL

KO

LOGI

TSLA

U.S. stock futures are trading lower this morning. Key stocks to watch include Alphabet, Tesla, Logitech, Coca-Cola, and General Motors, all of which are expected to report earnings today.

Portfolio Pulse from Avi Kapoor

July 23, 2024 | 6:12 am

VLRS

Volaris has updated its 2024 guidance, anticipating a YoY ASM growth of about -14% and an EBITDAR margin of 32%-34%. The CAPEX remains at $400 million, while the average USD/MXN rate is adjusted to Ps.17.80 to 18.00.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 6:00 am

VLRS

Volaris has provided its Q3 2024 guidance, expecting a YoY ASM decrease of about 14%, TRASM of approximately $9.3 cents, CASM excluding fuel of around $5.6 cents, and an EBITDAR margin of about 33%.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 5:59 am

VLRS

Controladora Vuela (NYSE:VLRS) reported Q2 2024 GAAP EPS of $0.09, beating the $0.05 estimate by 80%. However, sales of $726M missed the $741.97M estimate by 2.15%, and were down 7.16% from last year.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 5:52 am

CPAC

Cementos Pacasmayo reported its Q2 earnings with an EPS of S/0.09, down from S/0.10 year-over-year. However, sales increased to S/457.1M from S/442M YoY.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 5:50 am

PAC

Grupo Aeroportuario del Pacífico (PAC) has revised its 2024 guidance, expecting total revenue growth of 2%-4% and a decline in passenger traffic of 3%-5%. Aeronautical revenues are projected to decrease by 2%-4%, while non-aeronautical revenues are expected to grow by 20%-22%. EBITDA is forecasted to range from a 1% decline to a 1% increase.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 5:35 am

PAC

Grupo Aeroportuario del (NYSE:PAC) reported Q2 2024 earnings per share of $3.46, beating the analyst estimate of $3.01 by 14.92%. However, sales of $421.466 million missed the $454.752 million estimate by 7.32%. EPS increased by 45.95% year-over-year, while sales decreased by 10.85%.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 5:32 am