Streetbeat News

Earnings

RH (NYSE:RH) reported weaker-than-expected Q4 results with a 4.4% decline in revenues, attributed to severe weather and shipping delays. Despite this, JPMorgan analyst Christopher Horvers is optimistic, maintaining an Overweight rating and raising the price target from $329 to $345. He expects FY24 sales growth to accelerate, emphasizing the importance of RH delivering on sales and margins amid new store openings and European launches.

Portfolio Pulse from Priya Nigam

March 28, 2024 | 4:37 pm

MREO

Mereo BioPharma's shares surged following the announcement of improved FY23 EPS results year-over-year. Additionally, Needham reaffirmed a Buy rating on MREO and increased the price target from $5 to $6.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 4:35 pm

DAPP

HUT

KOMP

Hut 8 Corp (NASDAQ:HUT) reported a significant increase in revenue and EPS for the six months ended December 31, 2023, following its merger with US Bitcoin Corp to form a U.S.-domiciled entity. The company mined 1,244 Bitcoins and reported a substantial increase in adjusted EBITDA. HUT shares surged 21.6% to $11.99. Investors can also gain exposure through VanEck Digital Transformation ETF (NASDAQ:DAPP) and SPDR S&P Kensho New Economies Composite ETF (NYSE:KOMP).

Portfolio Pulse from Anusuya Lahiri

March 28, 2024 | 4:33 pm

CELC

Celcuity Inc. (CELC) shares surged following the announcement of better-than-expected Q4 earnings per share (EPS) results. Additionally, Needham reaffirmed its Buy rating on CELC and increased the price target from $23 to $24.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 4:33 pm

KOD

Kodiak Sciences shares dropped following the announcement of disappointing Q4 earnings per share (EPS) results, falling short of market expectations.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 4:31 pm

HOUR

MULN

PIK

VEEE

In Thursday's intraday session, 12 consumer discretionary stocks saw significant movements. Notable gainers included Kidpik, Mullen Automotive, RH, Fitell, U Power, and Birks Group, with increases ranging from 12.19% to 30.0%. On the losing end, SRIVARU Holding, Twin Vee PowerCats, Hour Loop, Bright Scholar Education, Selina Hospitality, and Jeffs Brands experienced declines between 8.87% and 15.1%. RH's rise followed their Q4 earnings release, as did the declines for Twin Vee PowerCats and Hour Loop.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 4:31 pm

KITT

LICY

PEGY

PMEC

SMXT

TAYD

UGRO

VSTE

In Thursday's intraday session, several industrials stocks experienced significant movements. Vast Renewables, Nauticus Robotics, SolarMax Technology, Li-Cycle Holdings, Taylor Devices, and Pineapple Energy were among the gainers, with notable increases in their stock prices. Conversely, Primech Holdings, Urban-gro, AERWINS Technologies, MillerKnoll, Shimmick, and C3is saw declines in their stock values. Earnings releases played a role in the price movements for some companies.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 4:31 pm

BRZE

DTST

OUST

In Thursday's intraday session, notable movements were observed in the Information Technology sector. Ouster, Strong Global, Meta Materials, Argo Blockchain, Bit Digital, and The9 were among the gainers, with Ouster leading by a 20% increase following its Q4 earnings report. On the downside, Data Storage, Movella Holdings, WeTrade Group, Presto Automation, Braze, and Intellinetics experienced declines, with Data Storage dropping 22.3% after its Q4 earnings report.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 4:31 pm

AVTX

BDRX

DTST

PMEC

UGRO

WBA

XLO

Walgreens Boots Alliance Inc (NASDAQ:WBA) reported better than expected Q2 earnings and tightened FY24 guidance, with sales increasing 6.3% Y/Y to $37.1 billion and adjusted EPS up 3.4% to $1.20. Avalo Therapeutics, Inc. (NASDAQ:AVTX), Xilio Therapeutics, Inc. (NASDAQ:XLO), and Biodexa Pharmaceuticals Plc (NASDAQ:BDRX) saw significant stock price increases due to strategic acquisitions and agreements. Conversely, Primech Holdings Ltd. (NASDAQ:PMEC), urban-gro, Inc. (NASDAQ:UGRO), and Data Storage Corporation (NASDAQ:DTST) experienced notable declines following financial updates and earnings reports.

Portfolio Pulse from Avi Kapoor

March 28, 2024 | 4:30 pm

CTAS

Cintas Corporation (NASDAQ:CTAS) reported better-than-expected Q3 financial results, with earnings of $3.84 per share and quarterly sales of $2.406 billion, surpassing estimates. The company raised its FY24 guidance, leading to a slight increase in its share price. Following the announcement, several analysts raised their price targets on Cintas, reflecting a positive outlook on the stock.

Portfolio Pulse from Avi Kapoor

March 28, 2024 | 4:28 pm