Streetbeat News

Earnings

JCI

Johnson Controls International Plc (NYSE:JCI) reported Q2 earnings with an EPS of 78 cents, surpassing expectations of 75 cents, but missed revenue forecasts with $6.699 billion against an expected $6.72 billion. Sales remained flat compared to the previous year, with a slight organic increase of 1%. The company took a $750 million pre-tax charge for a settlement related to its subsidiary's product. Organic orders grew by 12% year-over-year, and the Building Solutions North America segment saw a margin increase. The Q3 EPS outlook is slightly below estimates, but full-year EPS expectations are maintained. JCI shares dropped 6.65% to $60.73.

Portfolio Pulse from Nabaparna Bhattacharya

May 01, 2024 | 4:05 pm

TRMB

Trimble (NASDAQ:TRMB) received mixed analyst ratings in the latest quarter, with 7 somewhat bullish, 2 indifferent, and no bearish ratings. The average 12-month price target for TRMB is now $68.00, up from $60.00, indicating a 13.33% increase. Analysts from firms like JP Morgan, Piper Sandler, Oppenheimer, and Baird have adjusted their ratings and price targets, reflecting changing market dynamics and Trimble's performance. Trimble's financial health is strong, with positive revenue growth, above-average net margin, and ROE, despite a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 4:00 pm

COIN

Coinbase Global Inc (NASDAQ:COIN) is set to report its Q1 earnings with expectations of $1.00 EPS and $1.34 billion in revenues. Despite a 300% stock increase over the past year, technical indicators suggest a bearish trend ahead of the earnings report. The stock is trading below key moving averages and has a bearish MACD indicator, although it remains above the 200-day SMA. Analysts have a consensus Buy rating on COIN with a price target suggesting a 34% upside.

Portfolio Pulse from Surbhi Jain

May 01, 2024 | 3:59 pm

HYLN

Hyliion Holdings shares surged following the announcement of better-than-expected Q1 GAAP EPS results.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 3:58 pm

UFPT

UFP Technologies, Inc. (UFPT) shares are trading higher following the announcement of their first-quarter financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 3:57 pm

MDXG

MiMedx Group's shares surged following the announcement of their Q1 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 3:55 pm

ILPT

Industrial Logistics Properties Trust (ILPT) shares surged following the announcement of their Q1 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 3:55 pm

CTMX

CytomX Therapeutics shares are trading higher following the announcement that it will report its Q1 2024 results and provide an update on the initial CX-904 Phase 1a dose escalation on May 8, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 3:54 pm

STGW

Stagwell's stock price increased following the announcement of their Q1 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 3:35 pm

MDB

Financial analysis reveals a bearish sentiment in MongoDB's (NASDAQ:MDB) options activity, with 62% of trades showing bearish tendencies. Significant options trades indicate a targeted price range of $320.0 to $430.0. MongoDB's current stock price is up by 1.77% at $371.64, with an anticipated earnings release in 29 days. Analysts have given mixed reviews, with an average price target of $446.25. The analysis of options suggests that investors are preparing for potential price movements within the specified range.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 3:16 pm