Streetbeat News

Earnings

INTU

Financial analysis reveals a bearish sentiment in the options market for Intuit (NASDAQ:INTU), with 68% of trades showing bearish tendencies. Significant options trades indicate a targeted price range of $400.0 to $740.0. Intuit's current trading volume is 845,268, with a slight price decrease of -0.05%, standing at $644.09. The RSI indicates a neutral position. Earnings are expected in 42 days, with analysts from BMO Capital and Keybanc giving an average target price of $710.0.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 8:31 pm

SGH

Smart Global Holdings, Inc. (NASDAQ:SGH) reported Q2 earnings of 27 cents per share, surpassing estimates by 8%. Sales were $284.8 million, slightly above estimates but down 33.64% year-over-year. Non-GAAP gross margin decreased to 31.5% from 33.3%. The company provided Q3 guidance with earnings of 30 cents per share and revenue of $300 million, both below analyst expectations. SGH shares dropped 11.57% in after-hours trading.

Portfolio Pulse from Erica Kollmann

April 09, 2024 | 8:28 pm

VOYA

Voya Financial has disclosed in an SEC filing that for Q1, its alternative investment income and prepayment fees are estimated to be around $35M-$45M.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 8:24 pm

CVX

MPC

NRG

USO

VLO

XLE

XOM

Three energy stocks, Marathon Petroleum Corporation (MPC), NRG Energy, Inc. (NRG), and Valero Energy Corporation (VLO), are among the S&P 500's top 10 performers in 2024, driven by a 20% increase in oil prices tracked by the United States Oil Fund (USO) and a forecasted average Brent crude oil spot price of $89 per barrel. The Energy Select Sector SPDR Fund (XLE) has also seen a significant 16% increase year-to-date. Several large-cap U.S. energy companies, including Exxon Mobil Corp. (XOM), Chevron Corp. (CVX), and others, are set to report their Q1 2024 earnings by the end of April.

Portfolio Pulse from Piero Cingari

April 09, 2024 | 8:18 pm

SGH

SMART Global Holdings' shares are trading lower following the announcement of their Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 8:17 pm

BKNG

Big money investors have shown a bearish stance on Booking Holdings (NASDAQ:BKNG), as evidenced by unusual options trading activity. Benzinga's options scanner revealed 21 uncommon trades, with a sentiment split between 42% bullish and 57% bearish. The trades include 7 puts and 14 calls, aiming for a price range of $2000 to $4200 for BKNG over the next three months. The current trading volume and RSI values suggest BKNG may be approaching overbought territory, with its next earnings report due in 23 days.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 8:15 pm

SGH

SMART Global Holdings projects its Q3 2024 non-GAAP EPS to be $0.30 ± $0.15, slightly above the $0.28 estimate. Revenue is expected to be $300M ± $25M, slightly below the $307.864M estimate.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 8:15 pm

RICK

RCI Hospitality reported a 4.2% year-over-year increase in Q2 sales for its nightclubs, while its Bombshells restaurant segment experienced a 10.4% decline in sales.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 8:14 pm

HXL

Hexcel Corporation has reaffirmed its financial guidance for 2024 and the mid-term, indicating confidence in its future financial performance.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 8:13 pm

AEHR

Aehr Test Systems (AEHR) reported Q3 2024 adjusted EPS of $(0.03), beating the $(0.04) estimate, but missed sales estimates with $7.600M versus the expected $7.609M. This represents a 55.83% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 8:13 pm