Streetbeat News

Earnings

EQR

Equity Residential projects its Q2 2024 Normalized Funds From Operations (FFO) to be in the range of $0.92-$0.96, which is below the estimated $0.96.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:17 pm

MTDR

Matador Resources (MTDR) reported Q1 2024 adjusted earnings of $1.71 per share, surpassing the $1.50 estimate, with sales of $787.693M also beating the $741.223M estimate, marking a 40.59% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:17 pm

EWBC

East West Bancorp (EWBC) reported Q1 2024 adjusted EPS of $2.08, surpassing the $2.00 estimate, but its sales of $565.139M fell short of the $581.099M forecast, marking a 5.79% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:17 pm

EQR

Equity Residential (EQR) reported Q1 2024 FFO of $0.93 per share, surpassing the $0.91 estimate, with sales of $730.818M exceeding the $726.227M forecast. This represents a 3.65% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:16 pm

VBTX

Veritex Holdings (NASDAQ:VBTX) reported Q1 2024 adjusted EPS of $0.53, missing the $0.56 estimate, and sales of $99.468M, missing the $108.905M estimate. This represents a 19.7% decrease in EPS and a 14.93% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:16 pm

MANH

Manhattan Associates (NASDAQ:MANH) reported Q1 2024 earnings of $1.03 per share, surpassing the $0.87 estimate, a 71.67% increase from last year. Sales reached $254.552M, beating the $243.413M estimate, marking a 15.18% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:15 pm

ADC

Agree Realty (NYSE:ADC) reported Q1 2024 FFO of $1.03 per share, surpassing the $1.01 estimate, with sales of $149.453M exceeding the $146.462M forecast, marking an 18.03% year-over-year increase.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:14 pm

FCBC

First Community Corporation (FCBC) reported Q1 2024 adjusted earnings per share (EPS) of $0.71, surpassing the analyst consensus estimate of $0.60 by 18.33%.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:14 pm

TSLA

Wall Street shifts focus to tech earnings, particularly Tesla's, after geopolitical tensions in the Middle East subside. Tesla's stock has suffered due to layoffs and price cuts, indicating a demand slowdown and increased competition. However, Tesla's unique position in self-driving data could influence its earnings outcome. The Nasdaq index faces volatility but remains in an upward trend, with potential for recovery if Tesla's earnings meet expectations.

Portfolio Pulse from Naeem Aslam

April 23, 2024 | 8:14 pm

EGP

EastGroup Props (NYSE:EGP) reported Q1 2024 FFO of $1.98 per share, missing the $2.01 estimate, but saw sales of $154.224M, beating the $152.108M estimate. This represents a 7.61% increase in earnings and a 14.22% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:14 pm