Streetbeat News

Earnings

FIBK

First Interstate BancSys (NASDAQ:FIBK) has been the subject of 5 analyst reviews over the last three months, showing a shift towards a more cautious stance with 4 indifferent ratings recently. Analysts have updated their price targets, indicating a positive outlook with an average target of $28.4, up from $26.33. Despite facing revenue challenges with a -15.9% growth over 3 months, FIBK demonstrates strong financial health with exceptional net margin and ROE, but carries a higher debt-to-equity ratio than industry averages.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 3:01 pm

MARA

High-rolling investors have shown a bearish sentiment on Marathon Digital Holdings (NASDAQ:MARA), with options data revealing a mix of bullish and bearish trades. The significant options activity includes 17 trades, with a notable put for $35,250 and 16 calls totaling $588,404, indicating a price focus between $11.0 and $50.0. The current market status of MARA shows a trading volume of 15,464,089, a price increase of 0.84% to $19.17, and an upcoming earnings announcement in 13 days. Analysts, including one from JP Morgan, have set an average target price of $16.5, with a specific underweight rating and a target price of $16.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 3:01 pm

AMZN

The analysis compares Amazon.com (AMZN) with its competitors in the Broadline Retail industry, highlighting its premium valuation with high P/E, P/B, and P/S ratios, but lower ROE. Amazon's strong EBITDA, gross profit, and revenue growth indicate robust operational performance and market outperformance. The company's lower debt-to-equity ratio suggests a healthier balance between debt and equity compared to its peers.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 3:00 pm

NVDA

NVIDIA (NASDAQ:NVDA) outperforms its competitors in the Semiconductors & Semiconductor Equipment industry across several key financial metrics, including PE, PB, PS ratios, ROE, EBITDA, gross profit, and revenue growth. With a PE ratio lower than the industry average, and significantly higher ROE, EBITDA, and revenue growth, NVIDIA demonstrates strong profitability, efficient equity use, and robust sales performance. Its lower debt-to-equity ratio suggests a healthier balance between debt and equity, positioning NVIDIA as a financially strong company with growth potential.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 3:00 pm

HTZ

Hertz plans to sell an additional 10,000 EVs in 2024 due to significant depreciation losses, totaling 30,000 EV sales. The company faced a $195 million charge to vehicle depreciation, with depreciation costs up $339 per vehicle, $119 of which is attributed to EVs. Despite a 2% revenue increase to $2.1 billion in Q1, Hertz reported $567 million in quarterly losses, largely due to depreciation costs. The sale includes models from Chevrolet, Kia, Mercedes, and Tesla at competitive prices.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 2:53 pm

LYB

LyondellBasell Industries N.V. (NYSE:LYB) reported a mixed Q1 fiscal 2024 performance with revenues of $9.925 billion, slightly down from the previous year but above consensus estimates. Adjusted EBITDA and EPS both declined year-over-year but also beat consensus estimates. The company benefited from lower natural gas costs in North America and faced challenges in Europe due to Red Sea logistics issues. Weak global demand for durable goods impacted polypropylene and propylene oxide volumes and margins. Operating cash flow turned negative due to a build in working capital, but the company maintained strong liquidity. LYB expects seasonal demand improvements in Q2 and plans to operate assets in line with market demand.

Portfolio Pulse from Akanksha Bakshi

April 26, 2024 | 2:53 pm

AN

AutoNation shares are trading higher following the announcement of mixed Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 2:52 pm

AVTR

Avantor Inc (NYSE:AVTR) reported a Q1 net sales decrease of 5.6% YoY to $1.68 billion, with an adjusted EPS of $0.22, surpassing consensus estimates. The company maintained its 2024 revenue guidance of $6.85 billion-$7.06 billion and adjusted EPS forecast of 96 cents to $1.04. Despite a decline in Laboratory Solutions and Bioscience Production sales, Avantor's guidance is deemed conservative and achievable by William Blair, who rates the stock as Market Perform. AVTR shares dropped 3.7% to $24.20.

Portfolio Pulse from Vandana Singh

April 26, 2024 | 2:51 pm

OIS

Oil States International shares are trading lower following the announcement of worse-than-expected Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 2:49 pm

GOOGL

SKX

SLCA

Skechers U.S.A., Inc. reported better-than-expected first-quarter FY24 earnings, leading to a 16% stock price increase. Other companies like Universal Logistics Holdings, Exponent, Inc., and Snap Inc. also reported strong financial results, contributing to their stock gains. Notably, U.S. Silica Holdings is being acquired by Apollo affiliates, and Alphabet Inc. announced a $70 billion share repurchase program and its first-ever quarterly dividend.

Portfolio Pulse from Avi Kapoor

April 26, 2024 | 2:45 pm