Streetbeat News

Earnings

BCDA

CLSD

EXFY

Insiders at BioCardia, Expensify, and Clearside Biomedical have recently made significant stock purchases, signaling confidence in their companies' prospects. BioCardia's CEO acquired shares following a narrower-than-expected quarterly loss. Expensify's major owner bought shares after reporting strong Q4 earnings. Clearside Biomedical's director made purchases after a new executive joined its board.

Portfolio Pulse from Avi Kapoor

April 22, 2024 | 11:38 am

TROX

Tronox shares surged following the announcement of stronger-than-expected preliminary Q1 revenue guidance and an anticipated adjusted EBITDA above its previous forecasts.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 11:37 am

ATER

Aterian, Inc. (NASDAQ:ATER) has updated its Q1 2024 revenue forecast to $20.0M-$21.0M, up from the prior $18.0M-$21.0M, and improved its Adjusted EBITDA loss estimate to ($2.4)M-($2.9)M from ($2.5)M-($3.5)M. Final results are expected in early May 2024.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 11:36 am

TROX

Tronox reported preliminary Q1 revenue of $774M, surpassing the estimated $744.15M, and adjusted EBITDA of $131M, exceeding the prior forecast range of $100M-$120M.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 11:33 am

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