Streetbeat News

Earnings

COIN

MSTR

SPY

YELP

Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin surged amid increased US demand. MicroStrategy's potential S&P 500 inclusion could broaden Bitcoin's reach. Dogecoin's co-creator disclosed minimal Bitcoin holdings. Cathie Wood praised Coinbase's timing and execution after selling shares. Coinbase is named custodian in multiple Ethereum ETF applications, seen as beneficial for the company. Yelp, Roku, and Dropbox stocks moved lower in pre-market trading. S&P 500 hit a record high, reflecting improved investor optimism. Political and economic events also influenced market sentiments.

Portfolio Pulse from Akanksha Bakshi

February 16, 2024 | 2:08 pm

GLOB

Globant S.A. (NYSE:GLOB) exceeded Q4 earnings and sales expectations, reporting adjusted earnings of $1.62 per share and quarterly sales of $580.71 million. Following the results, Piper Sandler and Keybanc raised their price targets for Globant, citing the company's resilience, innovation, and expansion into new markets. Globant's shares rose 2.1% to close at $239.11.

Portfolio Pulse from Avi Kapoor

February 16, 2024 | 2:04 pm

YELP

Yelp's stock price declined following the announcement of Q4 adjusted EPS results that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 2:03 pm

THS

Treehouse Foods' shares dropped following the announcement of disappointing Q4 revenue results and a forecast for FY24 that falls below analyst expectations.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 2:02 pm

GE

GEHC

GE HealthCare Technologies Inc. (NASDAQ:GEHC) shares are falling in premarket trading after announcing a secondary underwritten public offering of 13 million shares at $82.25 each. General Electric Company (NYSE:GE) plans to exchange these shares for indebtedness held by MS Lenders, affiliates of Morgan Stanley. GEHC will not receive proceeds from this offering or the debt-for-equity exchange. Despite a positive forecast from HSBC and a strong Q4 sales report, GEHC shares dropped 2.60% to $83.40 in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

February 16, 2024 | 2:00 pm

RIG

Transocean (NYSE:RIG) is scheduled to release its quarterly earnings report on Monday, 2024-02-19, with analysts expecting an EPS of $-0.24. The company's past earnings performance shows a trend of missing EPS estimates, leading to negative stock price movements the following day. Shares of Transocean have decreased by 26.46% over the last 52 weeks, indicating a bearish sentiment among long-term shareholders ahead of the earnings announcement.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 2:00 pm

JELD

JELD-WEN Holding (NYSE:JELD) is expected to report Q4 earnings on February 19, 2024, with an estimated EPS of $0.27. Analysts and investors will be looking for an earnings beat and positive guidance for future growth. The company's past earnings performance shows a mix of beats and misses, with significant price changes following the announcements. Shares are currently trading at $19.78, up 51.92% over the last year.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 2:00 pm

DOOR

Masonite International (NYSE:DOOR) is scheduled to release its quarterly earnings report on Monday, 2024-02-19, with analysts estimating an EPS of $1.31. The company's past performance includes a miss on EPS by $0.02 last quarter, leading to a 4.22% drop in share price the following day. Shares have risen 54.95% over the last 52 weeks, trading at $129.74 as of February 15. Investors are looking for not just an earnings beat but also positive guidance for the next quarter.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 2:00 pm

BSM

Black Stone Minerals (NYSE:BSM) is scheduled to release its quarterly earnings report on February 19, 2024. Analysts predict an EPS of $0.49. The company's past earnings performance shows mixed results with both misses and beats in previous quarters. Shares were trading at $15.33 as of February 15, with a 0% change over the last 52-week period. Investors are keen on the upcoming earnings and particularly on the company's guidance for future growth.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 2:00 pm

PENN

PENN Entertainment (NASDAQ:PENN) reported Q4 results below expectations with revenue of $1.4 billion against a consensus of $1.53 billion and a loss of $1.75 per share versus an expected loss of 52 cents. The company's shares dropped 13.8% following the announcement. Analysts from Needham and Macquarie adjusted their price targets for PENN, with Needham reducing it from $33 to $32 and maintaining a Buy rating, and Macquarie cutting it from $35 to $33 while keeping an Outperform rating.

Portfolio Pulse from Avi Kapoor

February 16, 2024 | 1:57 pm