Streetbeat News

Earnings

PG

During the Cagny Conference, P&G's CFO announced expectations of continued market pressure in Greater China and a softening of underlying market trends in some European enterprises. This indicates potential challenges ahead for P&G in these regions.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 2:14 pm

DIS

F

LUNR

SMCI

U

ZS

Jim Cramer discussed various companies on CNBC's 'Mad Money Lightning Round,' highlighting Zscaler as a good buy and expressing concerns about Unity Software. Super Micro Computer announced a $1.5 billion convertible notes offering. Disney reported strong earnings and a new share repurchase program. Intuitive Machines launched a lunar lander. Unity Software plans a significant workforce reduction. Ford reduced prices for its Mustang Mach-E in Canada.

Portfolio Pulse from Avi Kapoor

February 22, 2024 | 2:13 pm

LOW

RUN

Sunrun Inc (NASDAQ:RUN) reported Q4 financial results with revenue of $516.59 million, missing estimates of $530.37 million, and a loss of $1.33 per share, below the expected loss of 29 cents per share. The company announced a partnership with Lowe's Companies Inc (NYSE:LOW) and proposed a $475 million convertible senior notes offering. Despite initial gains, Sunrun shares fell 7.57% to $14.40. Sunrun expects lower net subscriber value in Q1 but reiterates positive cash generation guidance for 2023-2024.

Portfolio Pulse from Adam Eckert

February 22, 2024 | 2:13 pm

RUN

Sunrun's stock price declined following the announcement of disappointing Q4 financial results and a proposed private offering of $475 million in convertible senior notes.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 2:13 pm

TNC

Tennant (NYSE:TNC) reported Q4 earnings with an EPS of $1.92, surpassing the estimate of $1.25 by 53.6%. Revenue increased by $20.40 million from the previous year. Historically, beating EPS estimates has led to a share price increase, as seen last quarter with a 6.99% rise following an earnings beat.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 2:05 pm

CHRD

ERF

Enerplus Corporation (NYSE:ERF) shares surged premarket after announcing a merger with Chord Energy Corporation (NASDAQ:CHRD) in an $11 billion deal. The transaction includes 90% stock and 10% cash, with Chord shareholders owning 67% and Enerplus 33% of the combined entity. The merger aims to create a leading Williston Basin operator with significant synergies and a projected $1.2 billion free cash flow in 2024. Enerplus and Chord reported Q4 EPS above consensus, influencing their stock movements.

Portfolio Pulse from Lekha Gupta

February 22, 2024 | 2:02 pm

NWN

Northwest Natural Hldg (NYSE:NWN) is scheduled to release its quarterly earnings report on February 23, 2024, with an estimated EPS of $1.27. Analysts and investors are looking for an earnings beat and positive guidance for future growth. The company's past earnings performance shows mixed results with minor EPS beats and subsequent varied stock price reactions. Currently, NWN shares are trading at $38.87, marking an 18.31% decline over the last year, indicating a bearish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 2:01 pm

DCBO

Docebo (NASDAQ:DCBO) is scheduled to release its quarterly earnings report on February 23, 2024, with an estimated EPS of $0.08. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. Docebo's past earnings performance shows a mixed impact on its stock price, with the last quarter's beat resulting in a 1.85% increase. Shares are currently trading at $45.94, up 37.98% over the last 52 weeks, indicating a positive outlook from long-term shareholders.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 2:01 pm

LAMR

Lamar Advertising (NASDAQ:LAMR) is scheduled to release its quarterly earnings report on February 23, 2024, with an estimated EPS of $1.35. Analysts and investors will be closely watching for not only an earnings beat but also positive guidance for future growth. Historical data shows mixed reactions to past earnings reports, with the stock price fluctuating based on performance relative to expectations. Shares are currently trading at $107.71, reflecting a 5.73% increase over the last 52 weeks.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 2:01 pm

H

Hyatt Hotels (NYSE:H) is scheduled to release its quarterly earnings report on February 23, 2024, with analysts estimating an EPS of $0.39. The company's past performance shows a history of beating EPS estimates, which has sometimes led to positive stock price movements. Shares are currently trading at $133.55, up 15.49% over the last 52 weeks. Investors are looking for not only an earnings beat but also positive guidance for future growth.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 2:01 pm