Streetbeat News

Earnings

ULTA

At the JPM Conference, it was reported a slowdown across all segments, contrasting with the previous fiscal year's growth estimate of 4-5%. ULTA may have been mentioned in relation to this news.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 1:39 pm

ULTA

At the JPM Conference, Ulta Beauty provided an update on its Q1 performance, indicating that same-store sales are expected to be at the lower end of its initial low single-digit growth forecast. This update suggests a cautious outlook for the company's near-term revenue growth.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 1:39 pm

TSLA

Tesla Inc (NASDAQ:TSLA) shares are trading lower, continuing a decline after reporting weak vehicle deliveries for Q1, marking the company's first year-over-year decline since 2020. The decrease was attributed to production ramp issues, factory shutdowns due to the Red Sea conflict, and an arson attack at Gigafactory Berlin. Analysts have expressed concerns over Tesla's short-term outlook, with several lowering their price targets. Tesla is set to report Q1 financial results on April 23, with analysts expecting earnings of 60 cents per share on revenue of $24.067 billion.

Portfolio Pulse from Adam Eckert

April 03, 2024 | 1:35 pm

SIG

Signet Jewelers' stock price increased following the company's announcement of raised guidance for fiscal year 2025.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 1:28 pm

F

Ford Motor Co reported an 86.1% increase in Q1 U.S. EV sales, totaling 20,223 units. Overall, Q1 U.S. vehicle sales rose by 6.8% to 508,083 units. The company anticipates continued growth in hybrid sales, particularly with more shipments of the new F-150 Hybrid to dealers.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 1:20 pm

TSLA

Tesla reported an 8.5% year-on-year decline in Q1 deliveries, marking its first quarterly drop in about four years. CEO Elon Musk has been vocal on various topics but mostly silent on Tesla's delivery performance, only criticizing investor Ross Gerber for blaming the company's board. Meanwhile, Tesla's key rival, BYD, saw a 13.4% year-on-year increase in BEV sales, though it experienced a 43% quarter-over-quarter drop. Despite this, Tesla remains the only one of the two to report both a year-on-year and quarter-over-quarter drop in sales.

Portfolio Pulse from Anan Ashraf

April 03, 2024 | 1:14 pm

INVH

PLD

SUI

Wall Street's most accurate analysts recommend three real estate stocks with over 3% dividend yields: Sun Communities, Inc. (SUI), Prologis, Inc. (PLD), and Invitation Homes Inc. (INVH). These stocks are highlighted for their high dividend yields and recent analyst ratings adjustments, with upcoming quarterly results announcements for SUI and PLD, and a recent dividend declaration by INVH.

Portfolio Pulse from Avi Kapoor

April 03, 2024 | 1:12 pm

BSET

Bassett Furniture Industries (BSET) reported a Q1 2024 GAAP EPS of $(0.14), missing the $0.01 estimate, and sales of $86.554M, missing the $90.890M estimate. This represents a 19.63% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 1:09 pm

DFS

Discover Financial Services (NYSE:DFS) has received mixed analyst ratings over the last three months, with a total of 14 evaluations ranging from bullish to bearish. The average 12-month price target for DFS has increased by 5.9% to $128.71. Analysts from firms including JP Morgan, HSBC, and Citigroup have adjusted their ratings and price targets, reflecting a positive shift in sentiment towards the company. Discover Financial has shown strong financial performance with a revenue growth rate of 12.77%, a net margin of 9.2%, and an ROE of 2.86%, indicating a solid market position and effective cost management.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 1:01 pm

SIG

Signet Jewelers Ltd (NYSE:SIG) shares are up in premarket trading after announcing an amendment with Leonard Green & Partners, L.P. to net share settlement and the repurchase of half of its Series A Convertible Preference Shares for approximately $414 million. This transaction will reduce Signet's diluted share count by about 4.1 million shares, or 7.6%, and is funded from $1.4 billion in cash on hand. Following this, Signet raised its FY25 adjusted EPS outlook to $9.90 – $11.52 from $9.08 – $10.48.

Portfolio Pulse from Shivani Kumaresan

April 03, 2024 | 12:55 pm