Streetbeat News

Earnings

UVE

Universal Insurance Holdings (UVE) reported Q1 2024 adjusted EPS of $1.07, surpassing the $1.04 estimate, and sales of $367.959M, exceeding the $336.086M estimate. This represents a 35.44% increase in earnings and a 16.26% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:48 pm

TEX

Terex Corporation projects its FY24 earnings per share (EPS) to be between $6.95 and $7.35, compared to the estimated $7.04. The company also forecasts revenue to be in the range of $5.2 billion to $5.4 billion, surpassing the estimated $5.158 billion.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:47 pm

FE

FirstEnergy (NYSE:FE) reported Q1 2024 earnings of $0.55 per share, missing the consensus estimate of $0.56 by 1.79%. Year-over-year, earnings decreased by 8.33% from $0.60 per share. Quarterly sales were $3.287 billion, exceeding estimates of $3.222 billion by 2.01% and marking a 1.73% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:47 pm

PCB

PCB Bancorp (NASDAQ:PCB) reported Q1 earnings of $0.33 per share, missing the consensus estimate of $0.44 by 25%. This represents a 52.86% decrease from the $0.70 per share earned in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:46 pm

AMC

AMC Entertainment Holdings (NYSE:AMC) has seen a significant options trading activity, indicating a mixed sentiment among big-money traders, with 62% bullish and 37% bearish. The trading volume and open interest suggest a focus on a price band between $2.5 and $9.0. Notable options activity includes a mix of puts and calls, with a major bearish trade priced at $2.0 for a $4.00 strike price, totaling $1.0M. AMC's current market status shows a slight decrease in stock price to $3.26, with neutral RSI indicators and upcoming earnings expected in 12 days. An analyst from Wedbush maintains a Neutral rating with a target price of $4.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 8:46 pm

TEX

Terex Corporation (NYSE:TEX) reported Q1 2024 earnings of $1.60 per share, surpassing the consensus estimate of $1.37 by 16.79%. Quarterly sales reached $1.292 billion, exceeding expectations of $1.235 billion by 4.61% and marking a 4.53% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:45 pm

HUBG

Hub Group (NASDAQ:HUBG) reported Q1 2024 earnings of $0.44 per share, surpassing the $0.40 estimate, but its sales of $999.493M fell short of the $1.050B forecast, marking a 13.24% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:44 pm

KTCC

Key Tronic Corporation (KTCC) anticipates Q4 2024 earnings per share (EPS) to be between $0.00 and $0.10, with revenue projections ranging from $135 million to $145 million. The company's financial estimates for Q3 and Q4 of fiscal 2024 are pending finalization, subject to quarterly close and review procedures. KTCC plans to announce complete Q3 2024 results and host an earnings call on May 7, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:43 pm

KTCC

Key Tronic Corporation (NASDAQ:KTCC) announced preliminary Q3 EPS of $(0.18)-$(0.23) with revenue around $140M, below expectations due to severance costs of ~$3.7M from reducing its workforce by over 450 employees in Mexico. The company cited softening demand and expects annual savings of over $10M from the layoffs. Additionally, production was impacted by severe weather in Mississippi and Arkansas, and expenses increased due to the strengthening of the Mexican Peso.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:43 pm

KLAC

KLA announced its Q4 revenue expectation to be around $2.50 billion, plus or minus $125 million, surpassing the estimated $2.417 billion. Additionally, the adjusted EPS is forecasted to be $6.07, plus or minus $0.60, exceeding the estimated $5.68.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:42 pm