Streetbeat News

Earnings

ABT

The article suggests two stocks for long-term passive income due to their strong track record of earnings growth. These stocks are recommended for buy-and-hold investors.

Portfolio Pulse from

November 08, 2024 | 9:30 am

PCG

PG&E is considered undervalued with a trailing 12-month operating P/E of 14.6, a 23% discount to the sector, and a favorable PEG ratio. Despite wildfire risks and past bankruptcies, PG&E shows positive EPS trends and solid revenue growth projections. Technical analysis indicates an uptrend with a target of $22-$23.

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November 08, 2024 | 9:30 am

EXPI

eXp World Holdings, Inc. (EXPI) held its Q3 2024 earnings call, discussing the company's performance and future outlook. Key participants included executives from eXp Realty and conference call participants.

Portfolio Pulse from

November 08, 2024 | 9:15 am

RKLB

Rocket Lab USA, Inc. is expected to beat Q3 earnings due to its market leadership in small satellite launches and expansion into space systems. The company's Electron rocket dominates the market, and the upcoming Neutron rocket will enhance capabilities. Despite short-term financial challenges, Rocket Lab's strong backlog, government contracts, and vertical integration strategy position it for significant growth.

Portfolio Pulse from

November 08, 2024 | 9:00 am

SONY

Sony reported a significant increase in profit due to strong performance in its game and image-sensor businesses. The company also raised its annual revenue forecast following a second-quarter profit beat.

Portfolio Pulse from

November 08, 2024 | 9:00 am

ABNB

Airbnb's stock fell nearly 5% in after-hours trading as its Q3 earnings slightly missed analyst expectations, despite a 10% revenue increase.

Portfolio Pulse from

November 08, 2024 | 9:00 am

LCID

Lucid Group Inc's stock increased by 5% in after-hours trading following a better-than-expected Q3 performance. The company reported $200 million in revenue, surpassing the forecast of $198 million, and adjusted losses per share of $0.28, better than the expected $0.30.

Portfolio Pulse from

November 08, 2024 | 9:00 am

DKNG

Draftkings Inc (NASDAQ:DKNG) experienced a nearly 6% drop in share price after-hours due to a modest miss in its Q3 earnings, despite an otherwise strong performance.

Portfolio Pulse from

November 08, 2024 | 8:45 am

BVHMF

Vistry Group PLC shares fell over 14% due to higher than expected understated build costs in its South division, impacting profits by an additional £25 million this year, £20 million next year, and £5 million in 2026, totaling £165 million.

Portfolio Pulse from

November 08, 2024 | 8:30 am

NE

Noble Corporation faces challenges with fluctuating revenues, high operating costs for idle rigs, and lack of long-term contracts, despite its strong client base and geographic diversification. The company's future earnings are uncertain due to unpredictable oil prices and delayed contract executions.

Portfolio Pulse from

November 08, 2024 | 8:30 am