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Earnings

APLD

ESPR

JD

KEP

NRIX

TSHA

TVGN

XPEV

Applied Digital Corporation reported disappointing third-quarter financial results, leading to a sharp decline in its pre-market trading shares by 9.1%. The company's quarterly loss widened, and sales fell short of expectations. Other stocks also moved lower in Friday's pre-market session, including Tevogen Bio Holdings, Nurix Therapeutics (after pricing a public offering), XPeng Inc., Taysha Gene Therapies, Korea Electric Power Corporation (following a previous day's drop), Esperion Therapeutics, and JD.com.

Portfolio Pulse from Avi Kapoor

April 12, 2024 | 12:04 pm

BSVN

Bank7 (NASDAQ:BSVN) reported Q1 earnings of $1.21 per share, surpassing the $1.05 estimate, marking a 16.35% year-over-year increase. However, their Q1 sales of $24.02M fell short of the $25.05M estimate, despite being a 16.15% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 12:03 pm

C

Citigroup reported Q1 2024 earnings of $1.58 per share, surpassing the $1.20 estimate, with sales of $21.104 billion also beating estimates but marking a 1.60% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 12:03 pm

KMX

CarMax Inc (NYSE:KMX) reported lower than expected fourth-quarter earnings, with a 1.7% year-on-year sales decline to $5.63 billion, missing analyst estimates. EPS was 32 cents, below the expected 49 cents. The company sold 287,603 units, a 0.9% decrease year-over-year, and opened four new stores. Despite the downturn, CEO Bill Nash highlighted growth in used unit sales and strong gross profit per unit. CarMax anticipates FY25 capital expenditures of $500 million to $550 million and aims to sell over 2 million units annually by FY2030. Following the earnings report, CarMax shares dropped 9.2%. Analysts from Baird, Mizuho, and Needham adjusted their price targets for KMX.

Portfolio Pulse from Avi Kapoor

April 12, 2024 | 12:03 pm

C

Citigroup reported Q1 total revenues of $21.104B, surpassing the analyst consensus estimate of $20.393B by 3.49%. However, this represents a 1.60% decrease from the $21.447B reported in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 12:02 pm

BYON

Beyond (NYSE:BYON) received mixed analyst ratings, with a shift towards bullish sentiment in the last quarter. The average 12-month price target is $36.67, up from $27.67, indicating a 32.53% increase. Analyst actions include maintaining and raising ratings, with price targets ranging from $27.00 to $45.00. Beyond, an online retailer, faces challenges with a revenue decline of -5.05% and below-average profitability metrics, yet it has a low debt-to-equity ratio, suggesting conservative financial management.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 12:01 pm

APLD

Applied Digital Corporation (NASDAQ:APLD) shares fell after reporting Q3 FY24 financial results below expectations. Revenue increased 208% Y/Y to $43.3 million, missing the $51.9 million consensus. Adjusted EBITDA showed a loss of $2.3 million, and adjusted EPS was a loss of $0.24, both underperforming against expectations. The company cited challenges including power outages at datacenter hosting facilities but highlighted progress in Cloud Services and a new 400 MW capacity lease at its Ellendale HPC campus.

Portfolio Pulse from Lekha Gupta

April 12, 2024 | 11:58 am

AUVI

BA

XPON

The article highlights the top 3 industrials stocks considered oversold and poised for growth this quarter, based on their Relative Strength Index (RSI) values. Expion360 Inc. (XPON) reported disappointing Q4 results but saw a slight increase in stock price. Applied UV, Inc. (AUVI) received an analyst update from Barclays, leading to a modest stock price gain despite a significant drop over the past month. The Boeing Company (BA) had its price target adjusted by B of A Securities, experiencing a minor stock price decline.

Portfolio Pulse from Avi Kapoor

April 12, 2024 | 11:56 am

NXPL

NextPlat Corp (NXPL) shares surged following the announcement of a year-over-year increase in its FY23 consolidated revenue results, indicating strong financial performance.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 11:39 am

ACES

QCLN

RIVN

Rivian Automotive, Inc. (NASDAQ:RIVN) shares are trading lower in the premarket session on Friday, having lost over 30% in the past year. Investors can gain exposure to RIVN through ALPS Clean Energy ETF (NYSE:ACES) and First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN). Rivian is expected to report Q1 financial results with losses of $(1.15) per share and revenue of $1.153 billion. The company's production facility adjustments aim to cut material expenses, impacting its yearly production capacity. Rivian targets 57,000 vehicle productions in 2024, focusing on cost efficiency and forecasting an adjusted EBITDA loss of $(2.7) billion.

Portfolio Pulse from Nabaparna Bhattacharya

April 12, 2024 | 11:36 am