Streetbeat News

Earnings

AAPL

The analysis compares Apple (AAPL) with its competitors in the Technology Hardware, Storage & Peripherals industry, focusing on financial metrics like P/E, P/B, P/S ratios, ROE, EBITDA, gross profit, and revenue growth. Apple shows favorable growth potential with a lower P/E ratio than the industry average, high profitability indicators such as ROE, EBITDA, and gross profit, but faces challenges in revenue growth. The company's financial structure is balanced, with a moderate level of debt.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 3:00 pm

HSTM

HealthStream's stock price increased following the announcement of their Q1 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 2:55 pm

LKQ

LKQ Corporation (NASDAQ:LKQ) shares fell over 13% after reporting Q1 earnings that missed analyst expectations. The company posted adjusted EPS of 82 cents against a consensus of 95 cents, and revenue of $3.7 billion, missing the expected $3.765 billion. Year-over-year net income decreased from $270 million to $158 million. Despite a 10.6% revenue increase, LKQ lowered its FY24 organic revenue growth outlook and maintained its adjusted EPS forecast. The company also declared a quarterly dividend of $0.30 per share.

Portfolio Pulse from Nabaparna Bhattacharya

April 23, 2024 | 2:54 pm

TSLA

Tesla, Inc. is set to release its Q1 earnings on April 23, 2024, with analysts forecasting a decrease in earnings per share from 85 cents to 51 cents year-over-year, and a projected revenue of $22.34 billion. The company recently eliminated a marketing team, reversing a move towards traditional advertising. Shares fell 3.4% to $142.05. Analysts have revised their price targets and ratings ahead of the earnings call, with varying outlooks from 'Overweight' to 'Reduce'.

Portfolio Pulse from Avi Kapoor

April 23, 2024 | 2:51 pm

HIBB

HSTM

R

SPOT

HealthStream, Inc. reported first-quarter GAAP earnings of 17 cents per share, surpassing estimates of 11 cents per share, with sales of $72.760 million against expectations of $71.883 million, leading to a 7.4% rise in its shares. Other stocks also saw significant movements, including Hibbett, Inc. being acquired by JD Sports Fashion, and various companies like Spotify Technology S.A. and Ryder System, Inc. reporting strong financial results or receiving positive analyst coverage.

Portfolio Pulse from Avi Kapoor

April 23, 2024 | 2:50 pm

R

Ryder System Inc (NYSE:R) shares surged after reporting Q1 FY24 sales of $3.098 billion, surpassing estimates of $3.062 billion. EPS was $2.14, beating the $1.71 consensus. Despite a decrease in Fleet management solutions revenue, Supply Chain and Dedicated Transportation Solutions saw significant growth. The company raised its FY24 adjusted EPS outlook but cut its total revenue growth forecast. Shares rose 10% to $119.91.

Portfolio Pulse from Shivani Kumaresan

April 23, 2024 | 2:42 pm

ITB

PHM

PKB

PulteGroup, Inc. (NYSE:PHM) shares rose after reporting first-quarter FY24 results with revenue of $3.95 billion, surpassing the consensus of $3.58 billion. Home sale revenues increased by 10% Y/Y to $3.8 billion, driven by an 11% increase in closings. The gross margin for home sales improved to 29.6%, and net new orders grew by 14% Y/Y. GAAP EPS was up 32% Y/Y to $3.10, and adjusted EPS of $2.87 beat the consensus of $2.36. The company also repurchased 2.3 million shares and ended the quarter with a strong cash position and backlog. Investors can also gain exposure to PulteGroup through IShares U.S. Home Construction ETF (BATS:ITB) and Invesco Building & Construction ETF (NYSE:PKB).

Portfolio Pulse from Lekha Gupta

April 23, 2024 | 2:38 pm

TSLA

Tesla Inc (NASDAQ:TSLA) is facing significant attention ahead of its earnings report, with shares hitting new 52-week lows due to concerns over EV demand and potential disappointing results. Analysts have varied views, with some predicting negative free cash flow and others focusing on the need for a clear vision from CEO Elon Musk. Recent price target adjustments reflect a broad range of expectations for the company's financial performance. Tesla's recent actions, including workforce layoffs and price cuts in various markets, have contributed to the stock's decline. The company is expected to report an EPS of 51 cents and revenue of $22.33 billion.

Portfolio Pulse from Adam Eckert

April 23, 2024 | 2:32 pm

AAPL

AMZN

FB

GOOGL

MSFT

NVDA

TSLA

Nicolai Tangen, CEO of the world's largest wealth fund, Norges Bank Investment Management, expressed concerns over the tech sector's frothiness ahead of major U.S. tech companies' earnings reports. The fund, which reported a first-quarter profit of $110 billion, largely from tech stock investments, is closely watching the upcoming earnings for signs of overvaluation. The tech sector's recent performance, including a 5.5% drop in the Nasdaq Composite, has raised questions about potential overvaluation, especially among the 'Magnificent Seven' U.S. tech giants.

Portfolio Pulse from Benzinga Neuro

April 23, 2024 | 2:32 pm

FI

Fiserv, Inc (NYSE:FI) reported a 7% year-over-year increase in Q1 revenue to $4.88 billion, surpassing the $4.57 billion consensus. Adjusted EPS was $1.88, beating the $1.79 consensus and marking a 19% increase from the previous year. The company experienced a 20% organic revenue growth, led by its Merchant Solutions segment. Following these strong results, Fiserv raised its full-year adjusted EPS outlook to $8.60 - $8.75. The stock price rose 5.6% to $157.17 following the announcement.

Portfolio Pulse from Anusuya Lahiri

April 23, 2024 | 2:24 pm