Streetbeat News

Earnings

HXL

Hexcel's Q3 2024 earnings per share of $0.47 surpassed expectations, but sales of $456.50 million slightly missed estimates. Sales increased by 8.82% compared to the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 8:16 pm

MEDP

Medpace Holdings reported Q3 2024 earnings per share of $3.01, surpassing the expected $2.78, but sales of $533.3 million fell short of the $540.987 million estimate. Despite the sales miss, revenue increased by 8.28% compared to the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 8:16 pm

BOOM

DMC Global has revised its Q3 financial guidance, lowering expected sales and adjusted EBITDA due to weaker performance in its Arcadia and DynaEnergetics divisions. The company also announced a significant goodwill impairment charge related to its acquisition of Arcadia.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 8:16 pm

TXN

Texas Instruments (NASDAQ:TXN) has seen significant options activity, with a majority of trades being bullish. Analysts have set price targets ranging from $200 to $250, indicating potential upward movement. The stock is currently trading at $195.77, with earnings expected soon.

Portfolio Pulse from Benzinga Insights

October 21, 2024 | 8:15 pm

HTZ

JPMorgan has downgraded Hertz Global Holdings Inc (NASDAQ:HTZ) to 'Underweight', citing challenges such as declining EBITDA, inability to generate positive free cash flow, and a $1 billion loss from its green initiative. Hertz's partnerships and potential earnings growth were overestimated, leading to a scrapped $5 price target for December 2024. The company faces a $272 million bill related to its past bankruptcy, and is not expected to return to normalized earnings until after 2026.

Portfolio Pulse from Anthony Noto

October 21, 2024 | 8:13 pm

FLXS

Flexsteel Industries projects Q2 sales between $103 million and $107 million, surpassing the estimated $101.60 million.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 8:13 pm

ZION

Zions Bancorporation shares rose following the release of their Q3 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 8:13 pm

WRB

WR Berkley reported Q3 2024 earnings per share of $0.93, slightly beating the estimate of $0.92. However, sales of $3.400 billion missed the expected $3.444 billion, despite a 12.19% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 8:12 pm

RLI

RLI Corporation reported strong Q3 2024 results, with adjusted EPS of $1.31 beating estimates by 33.67% and sales of $401.544M surpassing expectations by 3.10%. This marks significant growth compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 8:12 pm

SFBS

Servisfirst Bancshares reported Q3 2024 earnings per share of $1.10, surpassing the analyst estimate of $0.97. The company's sales were $123.67 million, exceeding the expected $120.56 million and marking a 14.69% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 8:12 pm