Streetbeat News

Earnings

WDFC

WD-40 reported Q2 2024 earnings of $1.14 per share, slightly above the $1.13 estimate, but sales of $139.1M fell short of the $140.508M estimate, marking a 6.84% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 8:07 pm

ILMN

Illumina has appointed Ankur Dhingra as its new Chief Financial Officer. The company also reaffirmed its financial guidance for Q1 and the year 2024, indicating confidence in its financial outlook.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 8:05 pm

PSMT

Pricesmart (NASDAQ:PSMT) reported Q2 adjusted earnings of $1.31 per share, surpassing the consensus estimate of $1.25, and sales of $1.29 billion, also beating the estimate of $1.28 billion. This represents a 4.8% increase in earnings and a 13.05% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 8:03 pm

PSX

High-rolling investors have shown a bearish sentiment on Phillips 66 (NYSE:PSX), with options data revealing a significant move towards bearish positions. Benzinga's tracking identified 13 options trades, all indicating a bearish outlook with a focus on a price band between $155.0 and $170.0. Despite the bearish options activity, analysts have given PSX an average target price of $175.6, with ratings ranging from Neutral to Overweight. The company's next earnings report is due in 17 days, and its current stock price is down by -2.15%, trading at $164.93.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 8:01 pm

BYD

Recent analyst ratings for Boyd Gaming (NYSE:BYD) show a mix of perspectives, with the latest 12-month price target averaging $75.22, up 1.48% from the previous $74.12. Analyst actions include various adjustments to ratings and price targets, reflecting changing market dynamics and company performance. Boyd Gaming's financials indicate strong market recognition, revenue growth, and profitability, with a notable ROE and ROA surpassing industry standards.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 8:01 pm

YS

YS Biopharma Co Ltd (NASDAQ:YS) announced interim Phase 3 trial results for its PIKA Rabies Vaccine, showing non-inferior immunogenicity to an approved competitor and potential to meet WHO's goal for a one-week rabies vaccine regimen. The vaccine, granted orphan drug designation by the FDA, demonstrated a quicker onset of protection, with a seroconversion rate twice that of the comparator by Day 7. Despite the positive trial results, YS shares dropped 2.27% to $0.86.

Portfolio Pulse from Vandana Singh

April 09, 2024 | 7:30 pm

BA

EADSF

EADSY

LMT

Boeing Co (NYSE:BA) faces challenges as Q1 deliveries drop to 97 planes, causing the stock to fall by 1.87% and over 30% YTD. Issues include a mid-air incident, CEO compensation concerns, and production slowdowns. Technical analysis shows a bearish trend, and Boeing's valuation is high compared to Airbus (OTCPK:EADSF, OTCPK:EADSY) and Lockheed Martin (NYSE:LMT).

Portfolio Pulse from Surbhi Jain

April 09, 2024 | 7:10 pm

TSLA

Goldman Sachs analyst Mark Delaney maintains a Neutral rating on Tesla (TSLA) but lowers the price target from $190 to $175, citing disappointing first-quarter production and delivery figures. Deliveries were down 20% quarter-over-quarter and 9% year-over-year. Delaney highlights concerns over volume growth, pricing, gross margins, and the impact of potential delays in Tesla's low-cost vehicle. Despite these challenges, Delaney sees Tesla as a leader in AI and software technology in the auto space, with long-term growth potential.

Portfolio Pulse from Chris Katje

April 09, 2024 | 7:04 pm

CPT

Recent analyst ratings for Camden Prop Trust (NYSE:CPT) show a mix of opinions, with a trend towards a lower 12-month price target, now averaging $106.1, down 7.74% from the previous $115.00. Analyst actions include both upgrades and downgrades, reflecting varied market conditions and company performance. Camden Property Trust, a real estate investment trust, has shown strong financial indicators such as a positive revenue trend, exceptional net margin, and above-average ROE and ROA, despite facing challenges in growth rate compared to peers in the Real Estate sector.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 7:01 pm

HD

Deep-pocketed investors have shown a significant interest in Home Depot's (NYSE:HD) options, with a balanced sentiment of 50% bullish and 50% bearish. Benzinga's tracking revealed 10 extraordinary options activities, indicating a potential big move. The focus is on a price band between $145.0 and $385.0. Home Depot, the world's largest home improvement retailer, has seen its trading volume at 1,552,944 with a slight price decrease of -0.36%, and its RSI indicators suggest a neutral position. An earnings announcement is expected in 35 days.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 7:00 pm