Streetbeat News

Earnings

TSLA

Tesla, Inc. (NASDAQ:TSLA) is facing a sell-off, with its stock set to open at 15-month lows due to recent price cuts across its U.S. and international electric-vehicle lineups, excluding the refreshed Model 3 and Cybertruck. The price reduction strategy, including a significant cut in its full self-driving software price, is seen as margin-eroding ahead of its Q1 earnings report. Analysts, including Future Fund's Gary Black, anticipate these moves could lead to a $2.7 billion annual revenue loss and a 60 cents per share earnings reduction, prompting a negative outlook and potential further price target adjustments by Wall Street.

Portfolio Pulse from Shanthi Rexaline

April 22, 2024 | 11:24 am

AMD

ATMU

BECN

DHI

HPE

Wall Street's most accurate analysts have made new stock picks, highlighting potential upsides in stocks like AMD, D.R. Horton, Beacon Roofing Supply, Hewlett Packard Enterprise, and Atmus Filtration Technologies. These picks come amidst mixed U.S. stock market performances, with the S&P 500 recording its worst weekly performance since March 2023. Analysts from firms such as Wedbush, Benchmark, and Wells Fargo have provided ratings with significant accuracy, offering insights into potential market movements.

Portfolio Pulse from Avi Kapoor

April 22, 2024 | 11:21 am

GBDC

Golub Capital BDC announced its preliminary adjusted EPS for Q2 2024 to be between $0.53 and $0.57, surpassing the consensus estimate of $0.51.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 11:16 am

HBT

HBT Financial Inc. (HBT) reported Q1 2024 adjusted EPS of $0.57, surpassing the $0.55 estimate, but its sales of $52.314M fell short of the $56.631M forecast, marking a 3.61% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 11:12 am

VZ

Verizon shares are trading higher after the company reported mixed financial results for the first quarter.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 11:04 am

VZ

Verizon projects its adjusted earnings per share (EPS) for FY24 to be in the range of $4.50-$4.70, compared to the estimated $4.58. Additionally, the company anticipates its adjusted EBITDA to grow by 1-3%.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 11:04 am

VZ

Verizon reported a Q1 cash flow from operations of $7.1 billion, down from $8.3 billion year-over-year. However, its free cash flow increased to $2.7 billion from $2.3 billion in the same period.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 11:02 am

VZ

Verizon reported a total of 389,000 broadband net additions in Q1, indicating a significant growth in its broadband segment.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 11:01 am

VZ

Verizon Communications reported Q1 2024 adjusted EPS of $1.15, surpassing the $1.12 estimate, but its sales of $33.000B fell short of the $33.239B estimate. This represents a slight 0.27% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 11:00 am

PSTV

Plus Therapeutics Inc (NASDAQ:PSTV) is set to receive a $3 million funding recommendation from the Department of Defense for expanding its pediatric brain cancer clinical trial. The funding, expected to start in Q3 2024, will support the trial's expansion and extend the company's cash runway into the second half of 2025. Plus Therapeutics is focusing on a novel therapeutic, Rhenium (186Re) Obisbemeda, for treating pediatric high-grade glioma and ependymoma, with patient enrollment anticipated in the second half of 2024.

Portfolio Pulse from Vandana Singh

April 22, 2024 | 11:00 am