Streetbeat News

Earnings

FDV

KMB

SDG

Kimberly-Clark Corporation (NYSE:KMB) announced a transformation strategy aiming for growth through a new operating model, focusing on 12 brands, and investing in technology. The plan includes reorganizing into three segments, expecting to generate over $3 billion in productivity and $500 million in working capital savings. The transition, to be completed by end of 2024, will incur around $1.5 billion in restructuring costs. The company anticipates organic net sales and adjusted operating profit growth in the mid-to-high single digits, with an adjusted EPS growth in the same range, and at least $2 billion in annual FCF generation. The FY24 outlook remains unchanged, expecting a low-to-mid single digit increase in organic net sales.

Portfolio Pulse from Lekha Gupta

March 27, 2024 | 3:47 pm

EA

GME

MSFT

TTW

GameStop Corporation (NYSE:GME) reported a disappointing fourth quarter, missing both revenue and earnings estimates, as the shift to digital downloads and cloud gaming, notably by Microsoft Corporation (NASDAQ:MSFT), continues to impact its business. The company's efforts to cut costs and exit international markets have not yet resulted in a sustainable profitability turnaround. The gaming industry's broader challenges, including competition from e-commerce and reduced consumer spending, also affect other publishers like Take-Two Interactive Software Inc (NASDAQ:TTW) and Electronic Arts Inc (NASDAQ:EA).

Portfolio Pulse from Upwallstreet

March 27, 2024 | 3:19 pm

CEIX

CSX

F

GM

RCL

TSLA

The collapse of the Francis Scott Key Bridge, impacting the Port of Baltimore, has caused Tesla, Ford, and GM to seek alternative shipping routes. Ford anticipates a significant impact, while GM expects minimal disruption. European carmakers and cruise operators also anticipate adjustments, with Carnival Corporation forecasting a $10 million negative impact. Coal exporters and rail freight services face challenges, with Consol Energy and CSX Corporation noting potential operational impacts.

Portfolio Pulse from Neil Dennis

March 27, 2024 | 3:07 pm

TNP

Tsakos Energy Navigation (TNP) reported Q4 earnings of $0.85 per share, missing the $1.71 estimate, and sales of $220.24M, beating the $186.18M estimate. Earnings decreased by 73.19% and sales by 18.51% from the same period last year.

Portfolio Pulse from Happy Mohamed

March 27, 2024 | 3:03 pm

ACHV

Achieve Life Sciences (NASDAQ:ACHV) is expected to report a Q4 earnings per share (EPS) of $-0.31 on March 28, 2024. Analysts and investors will be looking for an earnings beat and positive guidance for future growth. The company's past earnings performance shows a mix of beats and misses, with the share price reacting variably. Currently, shares are trading at $4.66, down 27.85% over the last 52 weeks, indicating a bearish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 3:02 pm

QBTS

D-Wave Quantum (NYSE:QBTS) is scheduled to release its quarterly earnings report on March 28, 2024, with analysts expecting an EPS of $-0.10. The company's past earnings performance shows a mixed impact on its stock price, with the last quarter missing EPS estimates by $0.01 but resulting in a 1.15% share price increase the following day. Over the last year, QBTS shares have surged by 304.08%, indicating a bullish sentiment among long-term investors.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 3:02 pm

XPON

Expion360 (NASDAQ:XPON) is scheduled to release its quarterly earnings report on March 28, 2024, with analysts expecting an EPS of $-0.28. The company's past earnings performance shows a pattern of not meeting EPS estimates, leading to significant stock price drops the following day. Shares are currently trading at $3.34, reflecting a 44.98% decrease over the last year. Investors are looking for positive guidance for the next quarter to potentially boost the stock price.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 3:01 pm

CPTN

Cepton (NASDAQ:CPTN) is scheduled to release its quarterly earnings report on March 28, 2024, with an expected EPS of $-0.74. Analysts and investors will be closely watching for not only an earnings beat but also positive future guidance. Cepton's past earnings performance shows a mixed impact on its stock price, with the last quarter's beat followed by a 4.76% drop. Currently, Cepton's shares are trading at $2.74, marking a 40.9% decrease over the last year, indicating a negative sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 3:01 pm

AWH

Aspira Womens Health (NASDAQ:AWH) is scheduled to release its quarterly earnings report on March 28, 2024, with analysts predicting an EPS of $-0.45. The company's past earnings performance shows a pattern of beating EPS estimates but experiencing a subsequent drop in share price. Over the last year, AWH shares have declined by 39.24%, trading at $3.5 as of March 26. Investors are looking for positive guidance for the next quarter beyond the earnings beat.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 3:01 pm

FORA

Forian (NASDAQ:FORA) is scheduled to release its quarterly earnings report on Thursday, 2024-03-28, with an expected EPS of $-0.03. Analysts and investors are keen on not just the earnings beat or miss but also the company's guidance for future growth. Historically, Forian has had mixed earnings performance, with a notable beat last quarter leading to an 8.33% share price increase. However, over the last year, FORA shares have declined by 10.53%, indicating potential concerns among long-term shareholders.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 3:01 pm