Streetbeat News

Earnings

TREE

LendingTree has revised its FY24 revenue forecast upwards from the previous range of $650M-$690M to a new range of $690M-$720M, surpassing the estimated $670.255M.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 1:01 pm

PVH

16 analysts have recently evaluated PVH Corp (NYSE:PVH), showing a mix of opinions with a slight shift towards a bullish outlook despite a minor decrease in the average 12-month price target to $140.25 from $140.40. The analysis includes various adjustments to ratings and price targets by key analysts from firms like Jefferies, Wedbush, and JP Morgan, reflecting responses to market conditions and PVH's performance. PVH, known for its Calvin Klein and Tommy Hilfiger brands, has shown strong financial performance with notable revenue growth, net margin, ROE, and ROA, outperforming industry averages.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 1:01 pm

RL

Analysts provided mixed ratings for Ralph Lauren (NYSE:RL) with 7 recent evaluations showing a range from bullish to indifferent. The average 12-month price target for RL is now $178.0, up 10.39% from the previous $161.25, with high and low estimates at $195.00 and $151.00 respectively. Recent actions include ratings and target adjustments by analysts from Jefferies, Wells Fargo, Goldman Sachs, Telsey Advisory Group, and UBS. Ralph Lauren's financials show strong market position, revenue growth, profitability, and effective debt management.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 1:00 pm

AEYE

HCP

NISN

PI

Four tech stocks, AudioEye, Inc. (AEYE), Impinj, Inc. (PI), HashiCorp, Inc. (HCP), and Nisun International Enterprise Development Group Co., Ltd (NISN), are considered overbought as of April 30, 2024, based on their RSI values. AEYE and PI reported better-than-expected Q1 results, boosting their stock prices. IBM announced plans to acquire HCP, significantly increasing its stock price. NISN's stock also saw a rise despite a year-over-year decrease in H1 EPS.

Portfolio Pulse from Avi Kapoor

April 30, 2024 | 12:59 pm

KO

Coca-Cola's CFO expressed uncertainty regarding the duration of the impact from the Middle East conflict on the company's operations during a conference call.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 12:57 pm

LSCC

Lattice Semiconductor Corporation (NASDAQ:LSCC) reported Q1 earnings of 29 cents per share, surpassing the consensus estimate of 28 cents but marking a 43.14% decrease from the previous year. Q1 sales were $140.815 million, slightly above estimates but 23.6% lower year-over-year. The company issued a Q2 revenue forecast below analyst expectations. Following the earnings announcement, analysts from Needham, Susquehanna, and Benchmark raised their price targets on LSCC, which saw its shares rise 4%.

Portfolio Pulse from Avi Kapoor

April 30, 2024 | 12:57 pm

ON

ON Semiconductor Corp reported better-than-expected Q1 2024 results with a revenue decline of 5% year-on-year to $1.86 billion, surpassing the consensus of $1.85 billion. Adjusted EPS was $1.08, beating the consensus of $1.04. Revenue from different groups varied, with PSG growing 2%, AMG decreasing 6%, and ISG falling 18%. The company expects Q2 adjusted revenue to be below consensus, leading to a 4.1% rise in shares to close at $70.82. Analysts from Mizuho, Susquehanna, Rosenblatt, Keybanc, Benchmark, and B. Riley Securities adjusted their price targets following the earnings announcement.

Portfolio Pulse from Avi Kapoor

April 30, 2024 | 12:51 pm

AIXI

XIAO-I (NASDAQ:AIXI) reported a significant increase in its quarterly losses to $(1.12) per share from $(0.27) YoY, despite a 22.79% increase in sales to $59.17M from $48.18M YoY.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 12:48 pm

TVE

Tennessee Valley Authority reported a Q2 2024 revenue of $5.919B, a slight decrease from $5.974B in the same quarter the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 12:48 pm

CYCC

GMM

MMM

3M shares surged 8.3% after a Q1 earnings beat. Cyclacel Pharmaceuticals soared 103% following the withdrawal of its Form S-1 registration and announcing an $8 million private placement. Global Mofy Metaverse (GMM) jumped 62% as it collaborates with Heartdub to use NVIDIA Omniverse for developing the GAUSSPEED Generative Video AI Platform.

Portfolio Pulse from ryanfaloona@benzinga.com

April 30, 2024 | 12:45 pm