Streetbeat News

Earnings

DLTR

Dollar General Corp (NYSE:DG) is anticipated to report Q4 earnings with an expected revenue of $9.78 billion and EPS of $1.75, compared to last year's $10.2 billion and $2.96 respectively. Analysts highlight the potential impact of SNAP benefits changes and inflation on consumer behavior. JPMorgan upgraded DG from Underweight to Neutral with a price target of $158, citing improved store standards and customer service. Goldman Sachs notes DG's prices are about 5% lower than Family Dollar (NASDAQ:DLTR), potentially influencing consumer choice. The company's 'Back to Basics' strategy and its own private fleet development are also focal points.

Portfolio Pulse from Chris Katje

March 12, 2024 | 6:39 pm

NKE

RBC Capital Markets analyst Piral Dadhania has reiterated an Outperform rating on Nike, Inc. (NYSE:NKE) but lowered the price forecast from $120 to $110 ahead of Nike's Q3 fiscal 2024 earnings release on March 21, 2024. The analyst expects low single-digit revenue growth, a gross profit margin of 45%, and diluted EPS of $0.72. The forecast includes stable inventories and a free cash flow of $1.8 billion, with the strongest growth anticipated in APLA and Greater China, while expecting flat or negative growth in North America and EMEA.

Portfolio Pulse from Nabaparna Bhattacharya

March 12, 2024 | 6:21 pm

BLDP

Ballard Power Systems Inc. (NASDAQ:BLDP) reported Q4 sales growth of 132% year-on-year to $46.80 million, surpassing analyst estimates but posted a larger loss per share than expected. The company highlighted its transition to a commercial products company and a record number of fuel cell engines shipped. Following the report, analysts from Wells Fargo, HSBC, Susquehanna, BMO Capital, and TD Securities adjusted their price targets on BLDP, generally lowering them. Ballard Power shares fell 5.2% in response.

Portfolio Pulse from Avi Kapoor

March 12, 2024 | 6:15 pm

ASAN

BCAN

CLRO

RGLS

SPPL

Asana, Inc. (ASAN) shares fell by 11% following soft FY25 revenue guidance, despite beating quarterly earnings and sales estimates. Other stocks showed significant movement, with ClearOne, Inc. (CLRO) and Regulus Therapeutics Inc. (RGLS) among the top gainers, while BYND Cannasoft Enterprises Inc. (BCAN) and Simpple Ltd. (SPPL) led the losers. The market saw a mix of positive and negative financial results, strategic moves, and guidance updates.

Portfolio Pulse from Avi Kapoor

March 12, 2024 | 6:07 pm

LUV

ORCL

SMH

TSM

U.S. stocks experienced gains, led by a tech rally, despite mixed reactions to a higher-than-expected inflation report. The S&P 500 and Nasdaq 100 both rose by 0.9%, with the VanEck Semiconductor ETF (SMH) up 2%. Inflation data showed a 3.2% year-on-year increase, surpassing expectations. Treasury yields rose, and the market anticipates a June rate cut. Notable stock movements included Oracle Corp. (ORCL) up 12%, Taiwan Semiconductor (TSMC) up 3%, and Southwest Airlines (LUV) down 15%.

Portfolio Pulse from Piero Cingari

March 12, 2024 | 6:04 pm

BYDDY

HMC

NSANY

Nissan Motor Co Ltd (OTC:NSANY) and Honda Motor Co Ltd (NYSE:HMC) are considering production cuts in China due to increased competition from electric vehicle manufacturers like BYD Company (OTC:BYDDY). Nissan plans a 30% reduction, about 500,000 cars, and Honda looks at a 20% cut, around 1.2 million vehicles. This decision comes as both companies face declining sales in China, with Nissan's sales dropping 16.1% and Honda's by 10% last year. Nissan is also planning to restructure its production with local partners to focus on exports.

Portfolio Pulse from Shivani Kumaresan

March 12, 2024 | 6:04 pm

RCMT

RCM Technologies (NASDAQ:RCMT) is scheduled to release its quarterly earnings report on March 13, 2024, with an estimated EPS of $0.62. The company's past performance shows a pattern of beating EPS estimates, leading to significant stock price movements. Shares are currently trading at $27.79, reflecting a 129.75% increase over the last 52 weeks. Investors are optimistic, especially considering the company's history of positive post-earnings price changes.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 6:01 pm

Adams Resources & Energy (AMEX:AE) is expected to report a Q4 earnings per share (EPS) of $-0.08 on March 13, 2024. Analysts and investors are keen on whether AE will surpass this estimate and provide positive guidance for the next quarter. The company's past earnings performance shows a trend of not meeting EPS estimates, leading to significant share price drops. Currently, AE shares are trading at $25.42, marking a 48.44% decrease over the last 52 weeks, indicating investor concern ahead of the earnings report.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 6:01 pm

PFIE

Profire Energy (NASDAQ:PFIE) is anticipated to report a quarterly EPS of $0.04 on March 13, 2024. Despite a miss in the last quarter with no change in EPS, the stock rose by 3.39% the following day. Historically, Profire Energy has shown positive price changes post-earnings, with shares currently up 29.73% over the last 52 weeks. Investors are keen on both the earnings outcome and the company's future guidance.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 6:01 pm

PESI

Perma-Fix Envirn Servs (NASDAQ:PESI) is scheduled to release its quarterly earnings report on March 13, 2024, with an estimated EPS of $0.06. Historical data shows mixed reactions to past earnings, with the stock price fluctuating based on earnings performance and guidance. Over the last year, PESI shares have seen a slight increase of 0.65%.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 6:00 pm