Streetbeat News

Earnings

RBLX

Roblox Corp (NYSE:RBLX) shares rose after JPMorgan upgraded the stock to Overweight from Neutral and increased its price target from $41 to $48. The upgrade was based on consistent bookings growth over the past four quarters, with an expectation of $927 million in bookings for Q1, indicating a 20% year-on-year growth. Additionally, Benchmark and Stifel reiterated their Buy ratings with price targets of $50 and $53, respectively. Roblox is expected to report a Q1 loss of 53 cents per share with revenue of $922.967 million. The stock closed up 5.83% at $36.30.

Portfolio Pulse from Erica Kollmann

April 23, 2024 | 8:37 pm

MTDR

Matador Resources (MTDR) expects to reach the high end of its 2024 guidance for total oil and natural gas equivalent production, as well as for oil and natural gas production specifically.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:36 pm

STLD

Steel Dynamics' stock is trading higher after the company reported a first-quarter earnings per share (EPS) that exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:36 pm

PEB

Pebblebrook Hotel (NYSE:PEB) reported Q1 2024 FFO of $0.21 per share, surpassing the $0.15 estimate, and sales of $314.069M, exceeding the $303.776M forecast. This represents a 90.91% increase in earnings and a 2.73% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:35 pm

TSLA

Tesla Inc (NASDAQ:TSLA) reported Q1 earnings with revenue of $21.0 billion, missing Wall Street's estimate of $22.15 billion, and EPS of 45 cents, below the consensus of 51 cents. Automotive revenue fell 13% YOY, while services revenue rose 25%. Challenges included an arson attack at Gigafactory Berlin and the Red Sea conflict. Tesla announced job cuts and a focus on profitable growth, including investments in AI and a faster launch of new models. Shares rose 5% in after-hours trading.

Portfolio Pulse from Chris Katje

April 23, 2024 | 8:35 pm

EQT

EQT Corporation has updated its Q2 total sales volume forecast to 455-505 Bcfe and its 2024 total sales volume forecast to 2,100-2,200 Bcfe, factoring in 1 Bcf/d of operated production curtailments through May. The company also confirmed its 2024 capital expenditure plans, maintaining maintenance capital expenditures at $1,950-$2,050 million and strategic growth capital expenditures at $200-$300 million, focusing on water, midstream, and other infrastructure and land opportunities.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:34 pm

STLD

Steel Dynamics' Chairman and CEO, Mark Millett, announced the company expects to start benefiting from an additional 1.1 million tons of value-added steel products starting in Q2 of this year, with full benefits realized in 2025.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:33 pm

VLTO

Veralto has updated its financial outlook, projecting Q2 adjusted EPS to be between $0.75 and $0.80, compared to the estimated $0.80. Additionally, the company has raised its full-year 2024 adjusted EPS forecast to a range of $3.25 to $3.34, versus the consensus estimate of $3.29.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:33 pm

MAT

Mattel Inc. (NASDAQ:MAT) reported Q1 financial results with earnings per share (EPS) of losses of 5 cents, beating the analyst consensus estimate of losses of 12 cents per share. However, quarterly sales of $810 million missed the consensus estimate of $831.8 million, a 2.62% miss and a 0.56% decrease year-over-year. The company highlighted a strong start to the year with significant gross margin expansion, positive Adjusted EBITDA, and improvement in free cash flow. Mattel expects to outpace the industry and gain market share in 2024, driven by growth in Vehicles and Action Figures, despite declines in Infant, Toddler, Preschool, and Dolls categories. The company projects full-year adjusted EPS of $1.35 to $1.45, compared to the $1.39 estimate. Mattel shares rose 2.93% after-hours to $19.30.

Portfolio Pulse from Erica Kollmann

April 23, 2024 | 8:32 pm

EQT

EQT Corporation reported its Q1 2024 adjusted earnings per share at $0.82, surpassing the consensus estimate of $0.64 by 28.12%. Adjusted sales reached $1.720 billion, exceeding expectations by 10.31% but marking an 8.90% decrease from the previous year's $1.888 billion.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:32 pm