Streetbeat News

Earnings

ASTE

Astec Industries shares are trading lower following worse-than-expected Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 3:09 pm

SMCI

Super Micro Computer, Inc. (NASDAQ:SMCI) reported mixed Q3 financial results, with earnings per share of $6.65 beating estimates but quarterly sales of $3.85 billion missing expectations. Despite the earnings beat, shares traded lower. Analysts have a positive outlook, with an average 12-month price target of $1108.62, suggesting potential upside. Rosenblatt and Wedbush analysts maintained positive and neutral ratings, respectively, with adjusted price targets.

Portfolio Pulse from Erica Kollmann

May 01, 2024 | 3:08 pm

SRDX

Surmodics shares surged after the company reported earnings that exceeded expectations for the second quarter.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 3:05 pm

FLEX

SPDW

VGT

Flex Ltd (NASDAQ:FLEX) saw its stock decline by about 9% after reporting a fiscal Q4 2024 net sales decline of 11.7% year-on-year to $6.17 billion, despite beating analyst estimates. The company also provided a weaker than expected outlook for fiscal Q1 2025 and fiscal year 2025. Flex is considered an AI beneficiary, expected to gain from investments by major tech companies and the next Apple product cycle. Its stock has gained 89% in the last 12 months, and exposure to Flex can be gained through ETFs like Vanguard Information Tech ETF (NYSE:VGT) and SPDR Portfolio Developed World Ex-US ETF (NYSE:SPDW).

Portfolio Pulse from Anusuya Lahiri

May 01, 2024 | 3:04 pm

WMT

Financial analysis reveals a balanced mix of bullish and bearish options trading activity on Walmart (NYSE:WMT), with significant trades indicating a predicted price range of $53.33 to $65.00. The largest trades include both calls and puts, reflecting diverse market sentiment. Walmart's current market position shows a slight decrease in stock price to $59.09, with neutral RSI indicators and an upcoming earnings announcement. Analysts, including one from Evercore ISI Group, maintain an Outperform rating with a target price of $66.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 3:02 pm

UGRO

Urban-gro (NASDAQ:UGRO) has received consistent bullish ratings from 4 analysts over the past quarter, with a recent average price target adjustment to $6.81 from $7.00, indicating a slight decrease in expectations. The company, specializing in services and equipment for controlled environment agriculture, faces financial challenges including a -13.4% revenue decline and below-average ROE and ROA, despite a strong net margin and low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 3:01 pm

CCL

CUK

NCLH

RCL

Cruise stocks are trading lower following Norwegian Cruise Line Holdings' announcement of soft FY24 guidance, affecting investor sentiment across the sector.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 3:01 pm

UBER

The article provides a detailed comparison of Uber Technologies (NYSE:UBER) against its competitors in the Ground Transportation industry, focusing on financial metrics like P/E, P/B, P/S ratios, ROE, EBITDA, gross profit, and revenue growth. Uber exhibits a premium valuation with its P/E, P/B, and P/S ratios significantly above the industry average, suggesting potential overvaluation. However, its high ROE, EBITDA, gross profit, and revenue growth indicate strong operational performance and growth prospects. The article also touches on Uber's debt-to-equity ratio, positioning it in the middle among its top 4 peers, suggesting a balanced financial structure.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 3:00 pm

CRM

Salesforce (NYSE:CRM) is analyzed for its financial performance against peers in the Software industry, showing potential undervaluation based on PE, PB, and PS ratios but lower profitability as indicated by its ROE. The company boasts high EBITDA and gross profit, yet its revenue growth lags behind the industry average. Salesforce's lower debt-to-equity ratio suggests a healthier balance sheet compared to top peers.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 3:00 pm

AMD

The article provides a comparative analysis of Advanced Micro Devices (AMD) against its competitors in the Semiconductors & Semiconductor Equipment industry, focusing on financial metrics like P/E, P/B, P/S ratios, ROE, EBITDA, gross profit, and revenue growth. AMD's P/E ratio is significantly higher than the industry average, indicating a premium valuation. Its P/B ratio suggests potential undervaluation, while the P/S ratio indicates possible overvaluation in sales performance. AMD's ROE, EBITDA, and gross profit are below industry averages, but its revenue growth outperforms the sector. The analysis also highlights AMD's strong financial position based on its low debt-to-equity ratio compared to top peers.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 3:00 pm