Streetbeat News

Earnings

GM

General Motors (NYSE:GM) has seen a diverse range of analyst ratings over the last three months, with an average 12-month price target of $49.12, reflecting a 2.7% increase from the previous target. Analysts have adjusted their ratings and price targets, indicating changing sentiments towards GM's market performance. Despite facing revenue challenges with a -0.3% decline, GM demonstrates strong profitability with a net margin of 4.83% and exceeds industry averages in ROE and ROA. However, its high debt-to-equity ratio of 1.91 poses financial challenges.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 3:00 pm

CODA

Coda Octopus Group (NASDAQ:CODA) is anticipated to report an EPS of $0.01 in its upcoming quarterly earnings on March 18, 2024. Despite past earnings misses, the company's stock price has shown resilience. Analysts and investors will be keenly watching for not only the earnings outcome but also the future guidance provided by the company. With a 52-week performance showing an 18.61% decline, the upcoming earnings report is crucial for investor sentiment.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 3:00 pm

ALPN

Alpine Immune Sciences (NASDAQ:ALPN) is scheduled to release its quarterly earnings report on March 18, 2024, with an estimated EPS of $-0.34. Historical data shows the company has previously beaten EPS estimates, leading to positive stock price movements. Shares have significantly appreciated over the last year, with a 344.61% increase. Investors are likely focused on both the earnings outcome and the company's future guidance.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 3:00 pm

FTAI

FTAI Aviation (NASDAQ:FTAI) has seen a variety of analyst opinions over the past three months, with recent updates showing a bullish trend. The average 12-month price target has been raised to $69.8, reflecting a 43.18% increase. Analysts from Benchmark, Morgan Stanley, Barclays, and Stifel have raised their price targets, indicating positive sentiment towards FTAI's financial performance and market position. The company has demonstrated strong financial health with a revenue growth rate of 14.02%, a net margin of 35.18%, and an exceptional ROE of 81.63%, despite a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 3:00 pm

XGN

Exagen (NASDAQ:XGN) is scheduled to release its quarterly earnings report on March 18, 2024, with analysts expecting an EPS of $-0.43. The company's past performance shows a pattern of beating EPS estimates, leading to significant share price movements. Shares are currently trading at $1.72, down 25.89% over the last year. Investors are looking for positive guidance for the next quarter, which could influence the stock price more than the earnings beat or miss.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 3:00 pm

NVT

Analysts have mixed opinions on nVent Electric (NYSE:NVT), with recent ratings varying from bullish to bearish. The average 12-month price target for NVT has increased by 16.62% to $74.25, with a high estimate of $83.00 and a low of $65.00. Key analysts from Goldman Sachs and Deutsche Bank have raised their price targets, reflecting a positive outlook on the company's performance. nVent Electric, specializing in electrical connection and protection solutions, shows strong financial metrics with notable revenue growth, high net margin, and efficient asset and equity management.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 3:00 pm

STLD

Steel Dynamics (STLD) shares are trading higher following the company's announcement of Q1 EPS guidance above analyst estimates and an increase in its Q1 cash dividend.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 2:59 pm

CMCSA

CNQ

LAC

RIVN

SOUN

Benzinga's Stock Whisper Index highlights five stocks: Rivian Automotive, Comcast Corp, Lithium Americas Corp, SoundHound AI Inc, and Canadian Natural Resources Ltd. Rivian's new SUVs and production plans, Comcast's Academy Awards success, Lithium Americas' Department of Energy loan, SoundHound's revenue growth and Nvidia investment, and Canadian Natural Resources' financial results and dividend increase are key points of interest.

Portfolio Pulse from Chris Katje

March 15, 2024 | 2:50 pm

QQQ

SPY

XLE

The University of Michigan's consumer sentiment report for March showed a slight decrease in the overall sentiment index to 76.5, with inflation expectations remaining above the Fed's 2% target. Consumer sentiment has been stable since January 2024, with year-ahead inflation expectations at 3% and long-term expectations at 2.9%. The market reacted minimally to the report, with the SPDR S&P 500 ETF Trust (SPY) and the Invesco QQQ Trust (QQQ) both showing declines, while the Energy Select Sector SPDR Fund (XLE) saw an increase.

Portfolio Pulse from Piero Cingari

March 15, 2024 | 2:33 pm

DIS

Recent options activity on Walt Disney (NYSE:DIS) shows a bullish sentiment among high-rolling investors, with 62% bullish and 37% bearish trades. Benzinga's options scanner identified 8 significant trades, including 7 calls and 1 put, aiming for a price range of $50.0 to $115.0 in the next three months. The volume and open interest trends indicate an average open interest of 2763.88 and a total volume of 789.00. Current trading volume for DIS is 2,445,485, with a slight price decrease of -0.44%, reaching $111.57. Analysts have mixed opinions, with an average target price of $135.5, and the next earnings report is due in 54 days.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 2:33 pm