Streetbeat News

Earnings

STLD

Steel Dynamics forecasts Q1 earnings per share (EPS) of $3.51-$3.55, surpassing the $3.35 estimate. Additionally, the company announced an 8% increase in its Q1 cash dividend to $0.46 per share.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:55 am

DLTR

HFFG

IPAR

SAM

UNFI

The article highlights the top 5 defensive stocks in the consumer staples sector that are currently oversold, presenting a potential buying opportunity. These stocks, identified by their low Relative Strength Index (RSI) values, include HF Foods Group Inc. (HFFG), The Boston Beer Company, Inc. (SAM), Inter Parfums, Inc. (IPAR), Dollar Tree, Inc. (DLTR), and United Natural Foods, Inc. (UNFI). Each company's recent financial performance and stock price action are briefly discussed.

Portfolio Pulse from Avi Kapoor

March 15, 2024 | 11:54 am

SMR

NuScale Power's shares dropped following the announcement of disappointing Q4 financial results, underperforming market expectations.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:53 am

CDLX

Cardlytics shares surged following the announcement of Q4 revenue results surpassing expectations and the issuance of optimistic Q1 revenue guidance. Additionally, Needham reaffirmed a Buy rating on Cardlytics and increased the price target from $12 to $15.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:52 am

PD

PagerDuty's stock trades lower following its Q4 financial results, with Q1 and FY25 guidance falling below expectations. Baird maintained a Neutral rating but reduced the price target from $25 to $22.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:51 am

STCN

Steel Connect reported a decrease in Q2 revenues to $43M from $50.8M year-over-year. The company concluded Q2 with $276.4M in cash and equivalents.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:51 am

CL

Colgate-Palmolive Company (NYSE:CL) announced a 4% increase in its quarterly common stock cash dividend to 50 cents per share, effective in Q2 2024. The dividend will be paid on May 15, 2024, to shareholders of record as of April 22. The annualized dividend rate is now $2.00, up from $1.92. In January, Colgate projected FY24 net sales growth of 1%-4%, including a slight negative impact from foreign exchange, and organic sales growth of 3%-5%. The company also expects non-GAAP gross profit margin expansion, increased advertising investment, and mid to high-single-digit EPS growth. CL shares closed down 0.95% at $88.35 on Thursday.

Portfolio Pulse from Nabaparna Bhattacharya

March 15, 2024 | 11:50 am

RLX

RLX Technology's shares surged following the announcement of their Q4 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:50 am

GRPN

Groupon's stock price increased following the announcement of their Q4 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:50 am

JBL

Jabil Inc. (JBL) reported Q2 adjusted EPS of $1.68, surpassing the $1.66 estimate, but experienced a 10.64% decrease from last year's earnings. Sales reached $6.77B, missing the $6.89B estimate and marking a 16.81% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:46 am