Streetbeat News

Earnings

CARS

Cars.com reported a Q4 EPS of $0.12, down from $0.15 year-over-year, while sales of $179.61M exceeded the $178.40M estimate.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 12:31 pm

IBP

Installed Building Prods (IBP) reported Q4 adjusted EPS of $2.72, surpassing the $2.45 estimate, and sales of $720.70M, exceeding the $682.48M estimate. This represents an 11.93% increase in earnings and a 4.98% increase in sales over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 12:31 pm

HLMN

Hillman Solutions (NASDAQ:HLMN) reported Q4 2023 adjusted EPS of $0.10, surpassing the $0.08 estimate, with sales of $347.81M also beating the $344.76M estimate. However, this represents a 0.81% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 12:31 pm

LYG

Lloyds Banking Group (LYG) reported a Q4 adjusted EPS of $0.08, up 33.33% from $0.06 YoY. However, sales decreased by 32.57% to $3.96B from $5.87B YoY.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 12:30 pm

NVDA

Jim Cramer, host of CNBC's 'Mad Money', highlighted Nvidia Corporation's (NASDAQ:NVDA) record stock performance, questioning critics amid its all-time high. Cramer's comments followed Nvidia's anticipated Q4 revenue of $20.62 billion, a significant increase from the previous year's $7.19 billion. Despite a 6.7% drop in Nvidia's shares just before the earnings report, Cramer saw it as an investment opportunity, suggesting it as a market entry point for new investors.

Portfolio Pulse from Benzinga Neuro

February 22, 2024 | 12:27 pm

LAUR

Laureate Education, Inc. (LAUR) provided its fiscal year 2024 outlook, projecting revenue between $1.553 billion and $1.568 billion, total enrollments between 467,000 and 473,000, and adjusted EBITDA between $441 million and $451 million. The company anticipates stronger growth in Mexico due to a positive macroeconomic environment, while expecting more muted growth in Peru due to the current economic downturn, with recovery anticipated in the second half of the year.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 12:25 pm

ACRE

MRBK

NYCB

OPHC

The article highlights the top 4 financial stocks considered oversold based on their Relative Strength Index (RSI) values, suggesting potential undervaluation. New York Community Bancorp, Ares Commercial Real Estate Corporation, Meridian Corporation, and OptimumBank Holdings are featured for their recent financial performances and stock price actions, with RSI values below 30 indicating they may be poised for a rebound.

Portfolio Pulse from Avi Kapoor

February 22, 2024 | 12:24 pm

NERV

Minerva Neurosciences (NASDAQ:NERV) reported a Q4 EPS loss of $1.19, missing the consensus estimate of $0.88 by 35.23%. This represents a slight improvement over the previous year's loss of $1.26 per share. The company also reported having approximately $41M in cash, cash equivalents, and restricted cash.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 12:24 pm

BHRB

BX

NWE

Insiders have made notable purchases in shares of Blackstone Inc. (BX), NorthWestern Energy Group, Inc. (NWE), and Burke & Herbert Financial Services Corp. (BHRB). These purchases indicate insider confidence in the companies' prospects. Blackstone's insider bought shares at an average price of $125.63, NorthWestern's at $48.80, and Burke & Herbert's at $55.35. Blackstone reported mixed Q4 results, NorthWestern posted upbeat earnings, and Burke & Herbert announced Q4 results and a dividend.

Portfolio Pulse from Avi Kapoor

February 22, 2024 | 12:24 pm

NVDA

QQQ

SPY

Nvidia's impressive earnings report has sparked optimism in the market, leading to a jump in Nasdaq and S&P 500 futures. Investors are now focused on upcoming economic data, including jobless claims and Fed speeches, to gauge the market's direction. Other stocks mentioned include Five9, Lucid Group, Rivian Automotive, Sunnova Energy, and Sunrun, which moved on their earnings reports. Additionally, several companies are set to report their quarterly results.

Portfolio Pulse from Shanthi Rexaline

February 22, 2024 | 12:23 pm