Streetbeat News

Earnings

INTC

Intel has introduced a new financial reporting structure aligned with its Foundry operating model for 2024 and beyond. The company provided recast financial results for 2023, 2022, and 2021, outlining a path for long-term growth and profitability of Intel Foundry. The new structure aims at improving financial performance and increasing shareholder value.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 8:06 pm

CALM

Cal-Maine Foods (NASDAQ:CALM) reported Q3 earnings of $3.00 per share, surpassing the $2.46 estimate, and sales of $703.08M, exceeding the $692.35M estimate. However, this represents a 54.68% decrease in earnings and a 29.52% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 8:06 pm

PLAY

Dave & Buster's (NASDAQ:PLAY) reported Q4 2024 adjusted EPS of $1.03, missing the $1.10 estimate, and sales of $599.1M, below the $602.609M estimate.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 8:06 pm

LENZ

LENZ Therapeutics, Inc. (NASDAQ:LENZ), a late clinical-stage biopharmaceutical company, announced a conference call and webcast to discuss Phase 3 CLARITY study results for its presbyopia treatments, LNZ100 and LNZ101, on April 3, 2024. The study focuses on the efficacy and safety of these aceclidine-based eye drops.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 8:03 pm

TT

Trane Technologies (NYSE:TT) has been evaluated by 4 analysts over the last three months, showing a shift towards a more bullish stance with an average 12-month price target of $284.5, marking a 13.23% increase from the previous target. The company, known for its HVAC and refrigeration solutions, has shown positive financial performance with a revenue growth rate of 8.6% and a net margin of 11.4%, despite a below-average ROE of 7.37%. Analysts from Barclays, Stephens & Co., Goldman Sachs, and RBC Capital have raised their price targets, reflecting optimism about the company's future.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 8:00 pm

BX

Over the last three months, 11 analysts have provided diverse opinions on Blackstone (NYSE:BX), with recent ratings showing a shift towards neutrality. The average 12-month price target for BX has increased to $126.91, up 3.85% from $122.20. Analyst actions include both upgrades and downgrades, reflecting changing market dynamics and Blackstone's performance. Despite the mixed analyst outlook, Blackstone faces financial challenges, including a -27.18% decline in revenue growth and below-average profitability metrics as of December 31, 2023. The company, the world's largest alternative-asset manager, has a significant market presence but struggles with high debt levels and efficiency in asset and equity utilization.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 8:00 pm

BTCUSD

Bitcoin has seen significant growth, rallying over 55% since the year's start and nearly 135% over the past year, driven by the approval of spot Bitcoin ETFs and anticipation of the upcoming halving event. Anthony Pompliano of Pomp Investments highlighted Bitcoin's recent milestones and predicted a potential 300% rally post-halving, attributing the surge to a combination of demand shock and upcoming supply shock. He also discussed Bitcoin as an inflation hedge and a forward-looking asset, especially in the context of rising inflation and the asset's performance against the US dollar.

Portfolio Pulse from Adam Eckert

April 02, 2024 | 7:39 pm

TSLA

Tesla, Inc. (NASDAQ:TSLA) reported a decline in Q1 deliveries to 386,810 vehicles from 422,875 a year earlier, with production also dropping. The company cited production challenges, the Red Sea conflict, and an arson attack at Gigafactory Berlin as reasons. Tesla's stock has fallen 14.52% over the past year and 33% year-to-date, with technical indicators showing bearish signals. The stock is trading below key moving averages, and indicators like MACD and Bollinger Bands suggest a bearish outlook, despite the RSI indicating oversold conditions.

Portfolio Pulse from Surbhi Jain

April 02, 2024 | 7:23 pm

ETN

Eaton Corp (NYSE:ETN) has received updated ratings from 10 analysts, showing a shift towards more bullish perspectives. The average 12-month price target is now $309.8, up from $261.00, indicating an 18.7% increase. Analysts from firms like Barclays, Mizuho, and Goldman Sachs have raised their price targets, reflecting positive sentiment towards Eaton's financial performance, including revenue growth, net margin, and ROE. Eaton's diversified operations and strong market presence are highlighted as key strengths.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 7:01 pm

MA

Recent options trading activity for Mastercard (NYSE:MA) shows a bullish sentiment among investors, with 70% of trades being bullish. The trades indicate a price target range of $450.0 to $540.0. Mastercard, a leading payment processor, has seen its stock price slightly increase to $479.3. Analyst ratings remain positive, with a consensus target price of $523.75. The company is approaching its earnings release in 23 days.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 7:01 pm