Streetbeat News

Earnings

XMTR

Analysts have recently updated their ratings and price targets for Xometry (NASDAQ:XMTR), showing a mix of opinions. The average 12-month price target is now $25.5, down from $35.33, reflecting a 27.82% decline. Analysts from JMP Securities, UBS, RBC Capital, and Goldman Sachs have adjusted their ratings and price targets, indicating a cautious outlook based on Xometry's market performance, revenue growth, and financial metrics. Xometry's revenue growth outpaces industry averages, but profitability and asset utilization lag behind.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 3:01 pm

LRCX

The article provides a detailed comparison of Lam Research (LRCX) against its competitors in the Semiconductors & Semiconductor Equipment industry, focusing on financial metrics, market position, and growth prospects. Lam Research shows strong performance in terms of ROE, EBITDA, and gross profit but lags in revenue growth. The analysis suggests potential undervaluation based on its PE ratio, while its PB and PS ratios indicate overvaluation. The company's balanced financial structure is highlighted by its moderate debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 3:01 pm

MODN

In the latest quarter, 4 analysts provided indifferent ratings for Model N (NYSE:MODN), with all maintaining a neutral stance and setting a unified price target of $30.00, down from a previous target of $37.00. This adjustment reflects a significant decline in the company's perceived value, amidst a backdrop of moderate revenue growth, strong net margin, and challenges in debt management. The company, a provider of cloud revenue management solutions, shows a mixed financial performance with notable strengths and areas of concern.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 3:00 pm

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