Streetbeat News

Earnings

ASO

Academy Sports (NASDAQ:ASO) reported Q1 earnings of $1.08 per share, missing the analyst consensus estimate of $1.24 by 12.9%. Sales were $1.36 billion, also missing the estimate of $1.38 billion by 1.16%. Both earnings and sales showed a decline compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 12:01 pm

BTDR

Bitdeer Technologies (NASDAQ:BTDR) has been analyzed by 10 analysts in the last three months, with all ratings being bullish. The average 12-month price target is $15.05, down from $20.00 previously. Analysts have maintained their 'Buy' ratings, with price targets ranging from $10.50 to $20.00. The company has shown strong financial health with significant revenue growth, efficient cost management, and prudent debt management.

Portfolio Pulse from Benzinga Insights

June 11, 2024 | 12:01 pm

PEGA

In the past three months, 8 analysts have provided ratings for Pegasystems (NASDAQ:PEGA), ranging from bullish to bearish. The average 12-month price target is $78.62, with a high of $90.00 and a low of $66.00. Recent analyst actions include maintaining, raising, and lowering ratings and price targets. Pegasystems has shown revenue growth but faces challenges in profitability, return on equity, return on assets, and debt management.

Portfolio Pulse from Benzinga Insights

June 11, 2024 | 12:00 pm

YEXT

Yext shares are trading lower following disappointing Q1 financial results, weak Q2 guidance, and the announcement of acquiring Hearsay Systems.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 11:52 am

APO

DXC

KD

ORCL

QQQ

SPY

YEXT

U.S. stock futures indicate a weak start on Tuesday following Monday's record close. Investors are cautious ahead of the Federal Reserve meeting and May inflation reports. Oracle's earnings are in focus due to its AI exposure. Yext fell 17.5% in premarket trading after quarterly results, while Kyndryl Holdings dropped over 3% on news of a joint bid for DXC Technology with Apollo Global Management. SPDR S&P 500 ETF Trust and Invesco QQQ ETF also saw slight declines in premarket trading.

Portfolio Pulse from Shanthi Rexaline

June 11, 2024 | 11:26 am

ZK

Chinese EV maker ZEEKR (NYSE:ZK) reported a significant increase in Q1 2024 vehicle deliveries and revenue, outperforming analyst expectations. The company saw a 117% Y/Y increase in vehicle deliveries and a 71% Y/Y increase in revenue, beating the consensus estimate. Despite an adjusted EPS loss, it was much better than expected. The vehicle margin and gross margin also improved significantly.

Portfolio Pulse from Anusuya Lahiri

June 11, 2024 | 11:23 am

FTXL

NVDA

SSG

TSM

Taiwan Semiconductor Manufacturing Co (TSMC) has outperformed China's Semiconductor Manufacturing International Corp (SMIC) this year, highlighting China's challenges in advancing its domestic chip industry. Despite China's investment in semiconductor technology, TSMC's advanced capabilities and U.S. export controls have given it a significant edge. TSMC's sales grew by 30% in May, driven by AI demand, and its stock has gained over 57% in the last 12 months. Investors can gain exposure to the semiconductor sector via ETFs like FTXL and SSG.

Portfolio Pulse from Anusuya Lahiri

June 11, 2024 | 11:20 am

CVGW

Calavo Growers shares are trading higher after the company reported Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 11:15 am

ZK

ZEEKR Intelligent Tech shares are trading higher after the company reported better-than-expected Q1 EPS and sales.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 11:12 am

AAPL

DO

LUV

Global markets showed mixed performance with U.S. indices closing higher, while Asian and European markets experienced declines. Key movements included Apple shares falling, Southwest Airlines surging due to Elliott Investment's stake, and Diamond Offshore soaring after Noble's acquisition announcement. The Federal Reserve is expected to maintain the federal funds rate. Commodities and futures showed varied performance, and the U.S. Dollar Index rose.

Portfolio Pulse from Akanksha Bakshi

June 11, 2024 | 10:59 am