Streetbeat News

Earnings

SGML

Sigma Lithium's stock price increased following the announcement of its Q4 results and the Final Investment Decision to double the production of its Quintuple Zero Green Lithium.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 6:47 pm

CURV

Torrid Holdings Inc. (NYSE:CURV) reported Q4 financial results surpassing expectations with a GAAP loss of 4 cents per share against an expected 7 cents loss and sales of $293.5 million against estimates of $274.827 million. CEO Lisa Harper highlighted improvements in business fundamentals and positive customer response to new merchandise collections. Despite exceeding guidance, Torrid's shares fell 3.7% after projecting Q1 and FY24 sales below market estimates. Telsey Advisory Group and Goldman Sachs raised their price targets on Torrid following the earnings announcement.

Portfolio Pulse from Avi Kapoor

April 01, 2024 | 6:44 pm

DJT

Trump Media & Technology Group Corp (NASDAQ:DJT) shares fell after disclosing a $58.19 million net loss for 2023 and warning of continued losses. Despite a successful merger with Digital World and a market cap of nearly $7 billion, the company's financial struggles include a significant interest expense and a decrease in cash reserves. Trump Media anticipates ongoing operating losses as it aims to grow its user base and attract more advertisers, relying on the appeal of the Truth Social Platform. Trump owns 57.3% of the shares, a significant portion of his net worth, with potential to receive more shares if stock targets are met.

Portfolio Pulse from Adam Eckert

April 01, 2024 | 6:33 pm

CXAI

EIGR

NVVE

VSTE

ZPTA

Nuvve Holding Corp. shares plummeted by approximately 30% after reporting Q4 financial results significantly below market expectations. Other stocks experienced notable movements, with Vast Renewables and CXApp Inc. leading the gainers, while Eiger BioPharmaceuticals and Andretti Acquisition Corp. were among the biggest losers.

Portfolio Pulse from Avi Kapoor

April 01, 2024 | 6:31 pm

TSM

A significant number of investors have shown interest in Taiwan Semiconductor (NYSE:TSM) options, with a mix of bearish and bullish sentiments. Benzinga's options scanner revealed 74 unusual trades, indicating a split sentiment with 48% bullish and 51% bearish. The trades include 21 puts and 53 calls, with a focus on a price range of $90.0 to $200.0 for TSM. The largest trades include both calls and puts with varying sentiments and strike prices. Taiwan Semiconductor, a leading chip foundry with a substantial market share, has seen its stock price increase by 3.23% to $140.44. The company is approaching its next earnings report in 17 days, with an analyst from Bernstein maintaining an Outperform rating and a target price of $150.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 6:31 pm

NDRA

ENDRA Life Sciences shares are trading lower following the company's report of its Q4 financial results last week.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 6:08 pm

VEV

Vicinity Motor (NASDAQ:VEV) is scheduled to release its quarterly earnings report on April 2, 2024, with an anticipated EPS of $-0.06. The company's past earnings performance shows a mix of misses and minor share price fluctuations post-earnings announcements. Shares are currently trading at $0.76, reflecting a 5.53% increase over the last 52 weeks. Investors are keen on both the earnings outcome and the future guidance provided by the company.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 6:05 pm

AIM

AIM ImmunoTech (AMEX:AIM) is set to release its quarterly earnings report on April 2, 2024, with analysts expecting an EPS of $-0.15. The company's past performance shows a mix of missed and surpassed EPS estimates, leading to varied share price reactions. As of March 29, AIM shares were trading at $0.471, marking a 5.57% increase over the last 52 weeks. Investors are hopeful for positive news that could surpass estimates and provide optimistic guidance for the future.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 6:05 pm

PLAY

Dave & Buster's Enter (NASDAQ:PLAY) is set to release its quarterly earnings on 2024-04-02, with analysts expecting an EPS of $1.10. The company's past performance shows mixed results with both hits and misses in EPS estimates, leading to varied stock price reactions. Shares are currently up 84.37% over the last 52 weeks, indicating bullish long-term shareholder sentiment. Analysts hold a Buy consensus on PLAY, with a one-year price target suggesting a 13.42% upside. Peer analysis with Life Time Group Hldgs, RCI Hospitality Hldgs, and Vail Resorts reveals Dave & Buster's lagging in revenue growth and gross profit but leading in ROE. Financial challenges include negative revenue growth, below-average ROE and ROA, and a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 6:05 pm

CALM

Cal-Maine Foods (NASDAQ:CALM) is set to announce its quarterly earnings on 2024-04-02, with analysts expecting an EPS of $2.46. The company's past performance shows a mix of misses and beats against EPS estimates, influencing stock price movements. Shares are currently trading at $58.85, up 3.66% over the last 52 weeks. Investors are hopeful for positive news and guidance.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 6:05 pm