Streetbeat News

Earnings

SGBX

Safe & Green Holdings Corp (SGBX) announced a delay in filing its 10-K for the year ended Dec. 2023 due to complexities in its audit, including the spin out of Safe & Green Development Corp. The company is finalizing its audit and plans to report its financial results soon.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 1:02 pm

MCBS

MetroCity Bankshares (NASDAQ:MCBS) reported Q1 earnings of $0.57 per share, surpassing the consensus estimate of $0.53 by 7.55%. However, this represents an 8.06% decrease from the $0.62 per share earned in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 1:02 pm

ELV

Elevance Health Inc. (NYSE:ELV) reported Q1 earnings surpassing expectations with a 12.2% increase in profit to $2.2 billion and adjusted EPS of $10.64, beating the consensus. Despite a slight miss in revenue expectations, the company raised its FY23 EPS guidance to over $37.20, exceeding prior forecasts and consensus. Shares rose 3.2% following the announcement. Analysts from Barclays and Jefferies have increased their price targets for ELV, reflecting optimism in its growth prospects.

Portfolio Pulse from Avi Kapoor

April 19, 2024 | 1:02 pm

RSI

Rush Street Interactive (NYSE:RSI) has seen varied analyst ratings over the past three months, with a recent shift towards more bullish perspectives. The average 12-month price target for RSI has been raised to $7.71, indicating a 22.58% increase from the previous target. Analysts from firms like Craig-Hallum, Macquarie, and Wells Fargo have adjusted their ratings and price targets, reflecting optimism about the company's performance and market position. Despite this, RSI's financial indicators such as market capitalization, revenue growth, net margin, ROE, and ROA show mixed results, with some metrics below industry averages.

Portfolio Pulse from Benzinga Insights

April 19, 2024 | 1:01 pm

DAL

IOT

VGSH

Delta Air Lines reported better-than-expected Q1 2024 earnings with an 8% YoY operating revenue growth to $13.748 billion and an adjusted EPS of 45 cents, beating consensus. Vanguard Short-Term Treasury Index Fund ETF Shares (VGSH) was highlighted by SoFi's Liz Young. Samsara Inc. reported Q4 results above expectations and issued FY25 guidance above estimates, with adjusted earnings of 4 cents per share and revenue of $276.3 million. Price action saw Delta Air Lines shares fall 0.1%, VGSH slipped 0.1%, and Samsara shares rose 0.1%.

Portfolio Pulse from Avi Kapoor

April 19, 2024 | 12:58 pm

BEEP

EAF

VUZI

Insiders at Mobile Infrastructure Corp (BEEP), GrafTech International Ltd (EAF), and Vuzix Corporation (VUZI) have recently made significant stock purchases. BEEP's CEO acquired shares worth around $58,170, while EAF saw a $4.1 million purchase by Colonial House Capital Ltd, and VUZI's CEO bought shares for approximately $10,062. These transactions come ahead of their respective earnings releases and in the context of Vuzix's recent sales performance.

Portfolio Pulse from Avi Kapoor

April 19, 2024 | 12:54 pm

LUNA

Luna Innovations shares are trading lower following the announcement of the restatement of financial statements due to accounting errors in revenue recognition.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 12:44 pm

IIPR

Innovative Industrial Properties, Inc (NYSE:IIPR) announced a Q1 2024 dividend of $1.82 per share, following better-than-expected Q4 earnings. Piper Sandler raised the price target from $85 to $103. The company's dividend yield stands at 7.75%. To earn a monthly dividend income of $500, an investor would need to own approximately 824 shares, valued around $77,357.

Portfolio Pulse from Avi Kapoor

April 19, 2024 | 12:40 pm

CNS

NFLX

RWOD

Netflix shares dropped 7% following Q1 financial results. Cohen & Steers shares rose 7% as it's set to join the S&P SmallCap 600. Redwoods Acquisition shares surged 217% after shareholders approved its merger with Anew Medical.

Portfolio Pulse from ryanfaloona@benzinga.com

April 19, 2024 | 12:36 pm

LUNA

Luna Innovations Incorporated (NASDAQ:LUNA) announced the need to restate its financial statements for the fiscal year ended December 31, 2022, and interim periods due to accounting errors in revenue recognition. The company's previously issued financial information for these periods is now considered unreliable. A Special Committee is conducting an independent review to determine the full impact, with no current estimate on when restated financial statements will be filed.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 12:32 pm