Streetbeat News

Earnings

ZWS

Zurn Elkay Water (NYSE:ZWS) has seen varied analyst ratings over the past three months, with a recent shift towards more bullish perspectives. The average 12-month price target for ZWS is now $36.75, reflecting a slight increase from the previous target. Analysts from Deutsche Bank, Oppenheimer, Exane BNP Paribas, and Mizuho have provided updates, with actions ranging from lowering to announcing new ratings. Zurn Elkay's financials show a positive revenue trend with a growth rate of 4.85% as of December 31, 2023, but it faces challenges in net margin, ROE, and ROA, despite a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 6:00 pm

LRCX

Lam Research Corporation (NASDAQ:LRCX) reported fiscal third quarter results surpassing expectations with revenues of $3.8 billion and earnings of $7.79 per share. Analysts from Mizuho Securities, Raymond James, Needham, and KeyBanc provided positive outlooks, citing good performance, healthy demand from China, and a strong future growth potential, especially in 2025 driven by NAND recovery and technology inflections. The company's shares rose by 2.44% to $906.47 following the announcement.

Portfolio Pulse from Priya Nigam

April 25, 2024 | 5:57 pm

BRFH

CAT

CSSE

EJH

SGBX

Caterpillar Inc. shares fell by 6.6% after missing revenue estimates for Q1 fiscal 2024, despite beating EPS expectations. Other stocks experienced significant movements, with notable gainers including Barfresh Food Group and Safe & Green Holdings, and losers like E-Home Household Service Holdings and Chicken Soup for the Soul Entertainment.

Portfolio Pulse from Avi Kapoor

April 25, 2024 | 5:57 pm

TECK

Teck Resources shares are trading higher despite reporting earnings for Q1 that missed market expectations.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 5:54 pm

NOC

Northrop Grumman's shares surged following the announcement of their Q1 earnings per share (EPS) and sales, which exceeded analysts' expectations.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 5:53 pm

GCOW

QUVU

Unilever PLC (NYSE:UL) shares rose following its Q1 FY24 earnings report, showing a 1.4% Y/Y turnover increase to 15.0 billion euros, with underlying sales growing 4.4%. The company saw strong performance across its Power Brands, Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream segments. Unilever reiterated its FY24 sales growth outlook of 3% to 5%, with a focus on volume growth. Last month, Unilever announced plans to separate its Ice Cream business. UL shares are up 6.22% at $51.06.

Portfolio Pulse from Lekha Gupta

April 25, 2024 | 5:43 pm

GDX

META

NEM

Wall Street faced a downturn due to Meta Platforms Inc.'s weak revenue forecast and concerns of U.S. stagflation, with the S&P 500, Nasdaq 100, and Dow Jones all declining. Gold miners like Newmont Corp. saw gains, while major companies reported mixed earnings results, impacting their stock prices.

Portfolio Pulse from Piero Cingari

April 25, 2024 | 5:30 pm

AVGO

MRVL

NVDA

TSM

Semiconductor stocks are trading higher, potentially in anticipation of Intel's upcoming earnings report, despite a broader weakness in the tech sector.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 5:30 pm

CRPT

MSTR

MVPA

Benchmark analyst Mark Palmer reiterated a Buy rating on MicroStrategy Inc (NASDAQ:MSTR) with a $1875 price target, highlighting its significant share price increase since adopting a bitcoin acquisition strategy in August 2020. Despite facing $2.269 billion in cumulative impairment losses due to FASB rule ASC 350, the new FASB standard ASU 2023-08 allows for fair value measurement of crypto assets, potentially impacting MSTR's earnings positively if adopted early. MSTR's early adoption could increase its 2024 beginning retained earnings balance by ~$3.1 billion. MicroStrategy stock has gained 327% in the last 12 months, and investors can also gain exposure through ETFs like CRPT and MVPA.

Portfolio Pulse from Anusuya Lahiri

April 25, 2024 | 5:29 pm

AMZN

Telsey Advisory Group analyst Joseph Feldman maintains an Outperform rating on Amazon (NASDAQ:AMZN) with a price target of $200, anticipating double-digit sales and profit growth in Q1 2024. Feldman projects a 12.4% sales increase to $143.2 billion and operating income of $11.1 billion, driven by online spending, AWS growth, and high-margin categories like advertising and media. Despite a current 2.66% drop in AMZN shares to $171.90, the outlook is positive due to market share gains, a redesigned distribution network, and solid expense control.

Portfolio Pulse from Nabaparna Bhattacharya

April 25, 2024 | 5:27 pm