Streetbeat News

Earnings

TSLA

Tesla, Inc. (NASDAQ: TSLA) is expected to report a year-over-year decline in Q1 deliveries, the first since 2020, despite significant price cuts and incentives. Future Fund's Gary Black anticipates a weak number but suggests the stock could rally if deliveries exceed last year's, despite falling short of Wall Street's expectations. Tesla shares have dropped 29% year-to-date but rose 1.10% in premarket trading.

Portfolio Pulse from Shanthi Rexaline

April 01, 2024 | 9:52 am

NIO

NIO Inc. reported a 14.3% year-over-year increase in vehicle deliveries for March 2024, totaling 11,866 vehicles. This contributed to a first quarter total of 30,053 vehicles delivered in 2024. The company also announced the start of deliveries for its 2024 models including the ES8, ES6, EC7, EC6, and ET5T, with plans to begin delivering the ES7, ET7, and ET5 in Q2 2024. Cumulative deliveries reached 479,647 by the end of March 2024.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 9:35 am

ENSV

MNR

NNOX

PVH

SGML

Numerous companies are scheduled to report their quarterly earnings on April 1, 2024, with a mix of projected profits and losses across various sectors. Notable mentions include Mach Natural Resources with expected earnings of $0.92 per share, Sigma Lithium with $0.18 per share, and PVH Corp with a significant $3.53 per share. Conversely, companies like Enservco and Nano X Imaging are anticipating losses. This diverse earnings landscape provides a broad view of the financial health across different industries.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 9:13 am

APLT

BTBT

CIFR

CLSK

DJT

MSTR

OCGN

OXM

Oxford Industries reported disappointing Q4 results and weak Q1 guidance, causing its shares to drop 6% in pre-market trading. Other stocks like Applied Therapeutics, CleanSpark, Trump Media & Technology Group, Ocugen, MicroStrategy, Bit Digital, Toyota Motor, and Cipher Mining also saw pre-market declines due to various factors including FDA review extensions, analyst ratings, and sales performance.

Portfolio Pulse from Avi Kapoor

April 01, 2024 | 9:13 am

XPEV

XPeng Inc. (NYSE:XPEV), a leading Chinese smart electric vehicle company, reported a significant increase in its Smart EV deliveries for March 2024 and the first quarter of the year. In March, XPENG delivered 9,026 Smart EVs, marking a 99% increase from the previous month and a 29% year-over-year increase. The XPENG X9 was the top-selling all-electric MPV in China for the month. For Q1 2024, the company delivered 21,821 Smart EVs, up 20% from the previous year. Additionally, the monthly active user penetration rate of XNGP in urban driving scenarios reached 82%.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 9:02 am

Li Auto Inc. reported a 39.2% year-over-year increase in vehicle deliveries for March 2024, totaling 28,984 units. The company's Q1 deliveries also rose by 52.9% YoY to 80,400 vehicles. This growth establishes Li Auto as the first Chinese new energy automaker to surpass 700,000 cumulative deliveries, reaching 713,764 by the end of March 2024.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 8:33 am

CURV

NGS

OXM

PLSE

PVH

U.S. stock futures are trading higher, with focus on PVH Corp., Oxford Industries, Natural Gas Services Group, Torrid Holdings, and Pulse Biosciences due to earnings reports and financial results. PVH is expected to report earnings of $3.52 per share, Oxford Industries reported disappointing results and weak guidance, Natural Gas Services is anticipated to earn 6 cents per share, Torrid Holdings reported strong Q4 results, and Pulse Biosciences announced a loss and a rights offering.

Portfolio Pulse from Avi Kapoor

April 01, 2024 | 7:33 am

BATL

Battalion Oil reported a significant decrease in its Q4 earnings and sales YoY, with EPS dropping to $(1.01) from $(0.16) and sales falling to $47.24M from $76.80M.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 6:53 am

ELLO

Ellomay Capital reported a significant decrease in EPS to $(0.56) from $0.28 YoY, while sales increased by 5.71% to $9.32M from $8.81M YoY.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 6:23 am

LEG

MTDR

ORLY

WULF

Wall Street's most accurate analysts have made new stock picks for Q1, highlighting potential gains in companies like O'Reilly Automotive, Matador Resources, Leggett & Platt, Worthington Steel, and TeraWulf. These picks come after the S&P 500 and Dow Jones recorded their best first-quarter performances in years, with analysts from firms like Roth MKM, Truist Securities, Wells Fargo, Keybanc, and Cantor Fitzgerald providing their insights.

Portfolio Pulse from Avi Kapoor

April 01, 2024 | 5:14 am