Streetbeat News

Earnings

GIS

General Mills, Inc. (NYSE:GIS) is anticipated to release its Q3 earnings on March 20, 2024, with expected earnings of $1.05 per share and projected revenue of $4.96 billion. The company recently announced the retirement of Shawn O'Grady, Group President, North America Foodservice. General Mills offers a dividend yield of 3.48%, equating to a quarterly dividend of 59 cents a share. To earn a monthly dividend income of $500, an investor would need to own approximately 2,542 shares, valued around $172,195. The article also explains how dividend yield can fluctuate with stock price and dividend payment changes. GIS shares rose 1.5% to close at $67.74 recently.

Portfolio Pulse from Avi Kapoor

March 19, 2024 | 12:03 pm

ZM

Analysts have mixed views on Zoom Video Communications (ZM), with recent ratings showing a shift towards a more cautious stance. The average 12-month price target has been adjusted to $75.33, down from $83.00, reflecting a 9.24% decline. The company's financial performance shows strong net margin and ROA, but its ROE and revenue growth compared to peers are areas of concern. Analyst actions include both downgrades and maintenance of previous ratings, indicating varied expectations for the company's future performance.

Portfolio Pulse from Benzinga Insights

March 19, 2024 | 12:01 pm

MOTS

Motus GI Holdings' shares dropped following the announcement of disappointing Q4 financial results, missing market expectations.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 12:00 pm

AWRE

LPSN

RNAC

Insiders at Cartesian Therapeutics, Aware, and LivePerson have recently made significant stock purchases, signaling potential confidence in their companies' futures. Cartesian Therapeutics saw a large buy from Director Timothy A Springer, with HC Wainwright & Co. maintaining a $2 price target. Aware's CEO and President Robert A Eckel also made a notable purchase, despite a year-over-year decrease in Q4 EPS results. LivePerson's Director Vanessa Pegueros bought shares after the company reported mixed Q4 results and lower than expected 2024 revenue guidance.

Portfolio Pulse from Avi Kapoor

March 19, 2024 | 11:55 am

AUGX

Augmedix shares surged following the announcement of their Q4 financial results, which exceeded expectations. Additionally, the company provided optimistic revenue guidance for FY24.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 11:50 am

TME

VWO

VXUS

Tencent Music Entertainment Group (TME) reported a Q4 revenue decline of 7.2% Y/Y to $971 million, surpassing consensus estimates. Despite a decrease in MAUs, paying subscribers surged by 20.6% Y/Y to 106.7 million. The company saw a significant increase in online music service revenues by 41.1% Y/Y and a 45.3% increase in music subscription revenues. However, social entertainment services revenue declined by 51.6% Y/Y. The gross margin improved to 38.3%, and operating profit increased by 23.5% Y/Y. TME shares rose 0.67% in premarket trading. Investors can also gain exposure through VXUS and VWO ETFs.

Portfolio Pulse from Anusuya Lahiri

March 19, 2024 | 11:44 am

AMD

COIN

FUSN

NVDA

SNPS

US stock futures indicate a lower opening due to Fed meeting concerns and the Bank of Japan's policy shift. Tech stocks like Nvidia and Apple had previously boosted the market, but pre-Fed jitters and a lack of major catalysts are dampening sentiment. Nvidia, AMD, and Synopsys saw notable premarket movements, while Coinbase and Robinhood dropped with Bitcoin. Fusion Pharmaceuticals surged on an AstraZeneca buyout deal. Oil paused its rally, and global markets showed mixed responses.

Portfolio Pulse from Shanthi Rexaline

March 19, 2024 | 11:41 am

CNM

Core & Main (CNM) projects its fiscal 2024 net sales to be between $7.4B and $7.6B, surpassing the consensus of $7.15B. The company also forecasts its adjusted EBITDA to be in the range of $925M to $975M. These expectations are based on improved end market volumes, contributions from mergers and acquisitions, and initiatives in product, customer, and geographic expansion. Core & Main anticipates a stable price contribution and a slight gross margin improvement.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 11:34 am

CNM

Core & Main (NYSE:CNM) reported Q4 earnings of $0.34 per share, missing the consensus estimate of $0.35 by 2.86%. However, their quarterly sales of $1.44B exceeded the estimate of $1.43B by 0.70%, marking a 4.80% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 11:31 am

TME

Tencent Music Entertainment Group's shares saw an increase following the announcement of their Q4 revenues, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 11:24 am