Streetbeat News

Earnings

ENTG

Entegris has revised its Q1 FY2024 sales forecast to $755M-$775M, down from the previous guidance of $770M-$790M and below the consensus estimate of $787.03M.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 12:16 pm

BMR

Beamr (NASDAQ:BMR), a leader in video optimization technology, announced the launch of Beamr Cloud, a SaaS solution for high-quality video processing. In its annual shareholder letter, CEO Sharon Carmel highlighted the company's 2023 achievements, including financial results and the recent launch of Beamr Cloud in February 2024. Beamr raised $13.8 million in February 2024 to expand its video cloud services, focusing on User-Generated Content, Generative AI, IoT, and Streaming markets. The company plans to integrate AI workflows into Beamr Cloud and participate in the NVIDIA-led GTC conference on March 17th to discuss its AI integration plans.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 12:11 pm

TSLA

Tesla, Inc. (NASDAQ:TSLA) shares are down over 1% in premarket trading due to disappointing sales figures in China for February. The company sold 60,365 electric vehicles, marking a 15.51% sequential drop and an 18.9% year-over-year decline. This underperformance is attributed partly to the timing of the Chinese New Year holidays. Comparatively, Chinese EV startups Li Auto, Nio, XPeng, and BYD also reported declines, with Tesla's drop being less steep. Concerns are raised about Tesla's Q1 sales, with challenges noted in the U.S., China, and Europe.

Portfolio Pulse from Shanthi Rexaline

March 04, 2024 | 12:06 pm

LNSR

LENSAR (NASDAQ:LNSR) reported Q4 earnings with a per-share loss of $(0.35), missing the $(0.22) estimate, and sales of $12.11M, slightly above the $12.00M estimate. This represents a decrease in earnings and an increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 12:02 pm

AMD

Advanced Micro Devices (NASDAQ:AMD) received mixed analyst ratings over the past three months, with a total of 38 analysts providing insights. The sentiment has shifted slightly bullish with an increase in the average 12-month price target to $192.26, indicating a 22.18% rise from the previous target. Analyst actions include a mix of raised, maintained, and lowered ratings, reflecting varying perspectives on AMD's market position and financial performance. Despite positive revenue growth, AMD's net margin, ROE, and ROA are below industry averages, suggesting challenges in profitability and asset utilization.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 12:00 pm

GIII

In the last three months, 7 analysts have provided diverse ratings on G-III Apparel Group (NASDAQ:GIII), ranging from bullish to bearish. The average 12-month price target is $28.29, indicating a 10.94% increase from the previous target. Analyst actions include both upgrades and downgrades, with price targets adjusted accordingly. G-III Apparel Group, a textile company with a portfolio including DKNY and Calvin Klein, shows a negative revenue trend but impressive net margin and ROE. Its market capitalization is below industry averages, and it has a balanced debt approach.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 12:00 pm

COST

Costco Wholesale (NASDAQ:COST) has been evaluated by 21 analysts over the last three months, showing a diverse range of opinions. The average 12-month price target for COST has increased by 8.92% to $698.24. Analysts have frequently updated their ratings, with many raising their price targets, reflecting a positive outlook on the company's performance. Costco's financials indicate strong market position, revenue growth, profitability, and efficient use of equity and assets, with a low dependency on debt financing.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 12:00 pm

GMS

LSEA

NTAP

PAYO

ZS

Wall Street's most accurate analysts have made new stock picks, highlighting potential upsides and downsides. Keith Hughes from Truist Securities sees a 3% downside in GMS Inc. Josh Siegler of Cantor Fitzgerald predicts a 44% upside in Payoneer Global Inc. Shrenik Kothari from Baird anticipates over 21% upside in Zscaler, Inc. Jay McCanless of Wedbush expects a 22% surge in Landsea Homes Corporation. Matt Bryson, also from Wedbush, sees a 5% downside in NetApp, Inc.

Portfolio Pulse from Avi Kapoor

March 04, 2024 | 11:55 am

MDV

Modiv reported a Q4 AFFO of $0.40 per share, down 41.18% from $0.68 YoY, with sales of $12.29M missing the $12.44M estimate, a 14.50% decrease from last year.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 11:45 am

SE

Sea shares surged following the announcement of Q4 revenue surpassing estimates and a positive adjusted EBITDA outlook for the second half of 2024.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 11:38 am