Streetbeat News

Earnings

BCAN

BLDE

CLRO

NRXP

PACK

RGLS

Nasdaq Composite gained around 1% amid positive U.S. stock market movements. ClearOne, Inc. announced a special cash dividend, causing shares to surge 120%. Regulus Therapeutics and Ranpak Holdings also saw significant gains following positive announcements. Conversely, BYND Cannasoft, Blade Air Mobility, and NRx Pharmaceuticals experienced sharp declines due to various negative developments. The U.S. consumer price index for February 2024 indicated higher-than-expected inflation rates.

Portfolio Pulse from Avi Kapoor

March 12, 2024 | 4:10 pm

BLDE

Blade Air Mobility Inc (NASDAQ:BLDE) reported a 24.5% year-over-year revenue growth for Q4 fiscal 2023, reaching $47.48 million but missing the consensus estimate of $48.4 million. The company's net loss widened to $33.94 million from $15.52 million a year ago. Despite the loss, Flight profit rose 65.7% Y/Y to $9.01 million. The company announced the acquisition of eight Hawker 800 aircraft for $21 million, aiming for revenue of $240-$250 million in 2024 against a consensus of $257.19 million. BLDE shares dropped 28.2% to $2.865.

Portfolio Pulse from Akanksha Bakshi

March 12, 2024 | 4:08 pm

COIN

MSTR

TSLA

The crypto market cap hits $2.5T with Bitcoin, Ethereum, Dogecoin surging as MicroStrategy buys more BTC. Tesla's German factory resumes after an arson attack. MILLI's value increases, outperforming Dogecoin and Shiba Inu. $47M stolen in crypto phishing in February. Bitcoin's volatility expected to decrease, while Ethereum's ETF approval odds drop. Ark Invest sells Coinbase shares despite Bitcoin's new highs. Tesla offers early Cybertruck delivery to long-term shareholders, and Volvo aims to cut EV charging times.

Portfolio Pulse from Akanksha Bakshi

March 12, 2024 | 4:04 pm

HLTH

Cue Health (NASDAQ:HLTH) is scheduled to release its quarterly earnings report on March 13, 2024, with an expected EPS of $-0.44. Analysts and investors will be closely watching for not only an earnings beat but also positive guidance for future growth. Cue Health's past earnings performance shows a mixed impact on its stock price, with the last quarter's beat resulting in a slight drop. The stock has significantly underperformed over the last year, with a 52-week decline of 86.77%.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 4:01 pm

GRWG

GrowGeneration (NASDAQ:GRWG) is expected to report a Q4 earnings per share (EPS) of $-0.13 on March 13, 2024. Analysts and investors will be closely watching if GRWG can beat this estimate and provide positive guidance for the next quarter. Historically, GRWG's share price has been sensitive to earnings performance and guidance, with notable fluctuations following past earnings announcements. Over the last year, GRWG shares have declined by 47.23%, indicating a bearish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 4:01 pm

FTCI

FTC Solar (NASDAQ:FTCI) is scheduled to release its quarterly earnings report on March 13, 2024, with analysts expecting an EPS of $-0.07. The company's past earnings performance shows a mix of misses and beats against estimates, with varying impacts on its stock price. Shares have declined by 80.85% over the last 52 weeks, indicating a challenging period for the company. Investors will be keenly watching for both the earnings outcome and the forward guidance, which could significantly influence the stock's short-term direction.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 4:01 pm

BGSF

BGSF is scheduled to release its quarterly earnings report on March 13, 2024, with analysts expecting an EPS of $0.08. Investors are hopeful for a beat on this estimate and positive guidance for the next quarter. BGSF's past performance shows mixed results with both beats and misses on EPS estimates, leading to varied stock price changes. Currently, BGSF shares are trading at $9.69, down 13.49% over the last 52 weeks, indicating potential concern among long-term shareholders.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 4:01 pm

GORO

Gold Resource (AMEX:GORO) is scheduled to release its quarterly earnings report on March 13, 2024, with analysts expecting an EPS of $-0.09. The company's past earnings performance shows a pattern of not meeting EPS estimates, leading to significant share price movements. Last quarter, GORO missed its EPS estimate by $0.04, resulting in an 18.5% drop in share price. Over the last year, GORO's shares have declined by 57.85%, indicating a bearish outlook from long-term shareholders.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 4:01 pm

LRFC

Logan Ridge Finance (NASDAQ:LRFC) is scheduled to release its quarterly earnings report on March 13, 2024. Analysts predict an EPS of $0.50. Historical data shows the company has previously beaten EPS estimates, leading to positive stock price movements. Shares are currently trading at $22.7199, with a slight increase of 0.18% over the last 52 weeks. Investors are optimistic but will pay close attention to the company's guidance for future growth.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 4:01 pm

VFF

Village Farms Intl (NASDAQ:VFF) is scheduled to release its quarterly earnings report on March 13, 2024, with analysts expecting an EPS of $-0.02. The company's past earnings performance shows a mixed impact on its stock price, with the last quarter's beat leading to a 7.81% drop the following day. Shares are currently trading at $0.729, down 18.07% over the last year, indicating a bearish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 4:01 pm