Streetbeat News

Earnings

AEYE

AudioEye projects its Q2 2024 adjusted EPS to be between $0.12 and $0.13, significantly surpassing the estimated $(0.06).

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 9:15 pm

WFRD

Weatherford International's stock is trading higher following the announcement of their Q1 financial results, which surpassed expectations.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 9:12 pm

ENPH

NOVA

RUN

SEDG

Shares of Sunrun Inc (RUN), SolarEdge Technologies Inc (SEDG), and Sunnova Energy International Inc (NOVA) dropped in after-hours trading, following Enphase Energy Inc's (ENPH) report of lower-than-expected quarterly results. Enphase's Q1 revenue and EPS fell short of estimates, with a significant year-over-year revenue decline in the U.S. and weak guidance for Q2. RUN, SEDG, and NOVA are anticipated to report their quarterly results in early May, with analysts expecting losses for each.

Portfolio Pulse from Adam Eckert

April 23, 2024 | 9:12 pm

WFG

West Fraser Timber (NYSE:WFG) reported Q1 2024 earnings of $0.42 per share, missing the consensus estimate of $0.46 by 8.7%. However, their quarterly sales of $1.627 billion exceeded the estimate of $1.465 billion by 11.03%, aligning with the performance from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 9:11 pm

EGP

EastGroup Properties forecasts its Q2 2024 FFO to be in the range of $1.99 to $2.07, which is below the estimated $2.06.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 9:09 pm

EGP

EastGroup Properties projects its full-year 2024 Funds From Operations (FFO) to be in the range of $8.17 to $8.37, compared to the estimated $8.32.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 9:09 pm

BKR

Baker Hughes has reported a positive start to 2024, indicating that strong Q1 results are aligning the company with its full-year guidance goals.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 9:09 pm

ADC

Agree Realty has projected its FY24 adjusted funds from operations (AFFO) to be in the range of $4.10 to $4.13, surpassing the estimated $4.07.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 9:07 pm

ACN

IBM

IBM is expected to report impressive first-quarter earnings, influenced by strong AI initiatives. Analyst Wamsi Mohan from BofA Securities maintains a Buy rating on IBM with a $220 price target, indicating a 20.9% upside. IBM's stock has seen significant growth, attributed to its AI focus, product deployment, and robust cash flows. Despite industry challenges, IBM's consulting segment is expected to perform well, with continued revenue growth and free cash flow improvement anticipated.

Portfolio Pulse from Surbhi Jain

April 23, 2024 | 9:06 pm

BKR

Baker Hughes (NASDAQ:BKR) reported Q1 2024 adjusted earnings of $0.43 per share, surpassing the consensus estimate of $0.40, and sales of $6.418B, exceeding the $6.368B estimate. This represents a 12.28% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 9:01 pm