Streetbeat News

Earnings

LLY

Eli Lilly and Co (NYSE:LLY) has received mixed analyst ratings over the past three months, with a notable shift towards more bullish sentiments in recent evaluations. The average 12-month price target for LLY has been raised to $799.0, indicating a 12.89% increase from the previous target. Analysts from firms including Cantor Fitzgerald, Truist Securities, JP Morgan, and others have maintained or raised their ratings, with price targets ranging up to $1000.00. Eli Lilly's financial performance has been strong, with significant revenue growth, high net margin, and exceptional ROE and ROA, although its debt-to-equity ratio indicates a higher level of debt.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 1:00 pm

CNM

CVX

KLAC

LDOS

PFE

SFL

Jim Cramer discussed several companies on CNBC's 'Mad Money Lightning Round,' highlighting their recent performances and analyst ratings. Core & Main reported upbeat sales but missed earnings estimates slightly. KLA Corporation received a Buy rating from Stifel. Chevron is performing well with a 4% yield and a new MOU for CCS development. Pfizer, after acquiring Seagen, was downgraded by Argus Research. Leidos Holdings received a price target increase from B of A Securities. SFL Corporation posted better-than-expected results, but Cramer warned about overstaying in the stock.

Portfolio Pulse from Avi Kapoor

April 01, 2024 | 1:00 pm

DOMA

SGRP

UPS

Doma shares surged 40% following a merger announcement with TRG, going private at $6.29/share. SPAR Group's Q4 EPS rose to $0.11 from $0.08 YoY, with sales of $65.10M surpassing estimates. UPS shares increased by 2.28% after securing an air cargo contract with the United States Postal Service.

Portfolio Pulse from ryanfaloona@benzinga.com

April 01, 2024 | 12:55 pm

PVH

PVH Corp. (NYSE:PVH), the parent company of Calvin Klein and Tommy Hilfiger, is expected to report Q4 earnings of $3.52 per share, up from $2.38 the previous year, with revenue projected at $2.42 billion. The company declared a quarterly cash dividend of 3.75 cents per share, payable on March 27, 2024. To earn $500 monthly from dividends, an investment of approximately $5,624,400 or around 40,000 shares is needed. PVH shares gained 0.9% to close at $140.61 recently.

Portfolio Pulse from Avi Kapoor

April 01, 2024 | 12:53 pm

J

Jacobs Solutions Inc. (NYSE:J) announced Kevin Berryman as the interim CFO, succeeding Claudia Jaramillo. Berryman, a former CFO and current Special Advisor, takes over as Jaramillo departs to pursue other opportunities. The company is searching for a permanent CFO with an executive search firm's help. Jacobs reaffirmed its FY24 outlook, excluding costs from the separation of its CMS and Cyber & Intelligence businesses. The company will discuss FY24 updates and Q2 results on its May 7, 2024, earnings call.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 12:53 pm

BITF

Bitfarms Ltd (NASDAQ:BITF) shares are trading higher after the company released a production and operations update for March, reporting it mined 286 bitcoin, a decrease from previous months, but increased its total bitcoin holdings to 806. The company also announced the purchase of additional miners to reach a target of 21 EH/s by year-end, aiming for greater operating efficiency.

Portfolio Pulse from Adam Eckert

April 01, 2024 | 12:51 pm

CLSK

CleanSpark Inc (NASDAQ:CLSK) reported a 24% increase in bitcoin mined in March, totaling 806, and now holds 5,021 bitcoins. The company sold 3.37 bitcoins at an average price of $58,800 each. Construction of its Dalton acquisition is nearly complete, with 15 megawatts of power expected to be activated soon, potentially increasing its operating hashrate to over 17 EH/s. CEO Zach Bradford stated the company is fully funded for its S21 miner payments and is prepared for aggressive acquisitions post-bitcoin halving. CleanSpark shares were down 9.34% at $19.20.

Portfolio Pulse from Adam Eckert

April 01, 2024 | 12:50 pm

LMFA

LM Funding America (LMFA) reported a significant improvement in its Q4 earnings with a loss of $(0.67) per share, up from a loss of $(8.82) per share YoY. Sales also increased to $4.06M from $1.12M YoY, marking a 261.77% increase.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 12:47 pm

JAGX

Jaguar Health (NASDAQ:JAGX) reported a decrease in Q4 EPS to $0.42 from $0.57 YoY, but sales surged to $2.30B, significantly beating the $2.61M estimate and marking a 70.45K percent increase from last year's $3.26M.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 12:46 pm

ONDS

Ondas Holdings (NASDAQ:ONDS) reported Q4 losses of $(0.17) per share, missing the $(0.14) estimate, but saw sales of $4.96M, beating the $4.27M estimate. This represents a significant improvement over the previous year, with losses decreasing by 61.36% and sales increasing by 935.89%.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 12:44 pm