Streetbeat News

Earnings

INCY

In the past three months, 8 analysts have provided diverse ratings for Incyte (NASDAQ:INCY), with a mix of bullish and indifferent perspectives. The average 12-month price target is $73.12, slightly down from the previous $73.83. Analysts' actions include maintaining, raising, and lowering ratings and price targets, reflecting their response to Incyte's market performance and developments. Incyte's financial performance shows a revenue growth of 9.35% but below industry benchmarks in net margin, ROE, and ROA, indicating challenges in profitability and asset utilization.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 4:00 pm

VRA

Vera Bradley (NASDAQ:VRA) is scheduled to release its quarterly earnings report on March 13, 2024, with analysts expecting an EPS of $0.14. The company's past earnings performance shows a history of beating EPS estimates, which has occasionally led to positive stock price movements. Shares of Vera Bradley have increased by 25.44% over the last 52 weeks, indicating a generally positive outlook from long-term shareholders. Investors will be particularly attentive to the company's guidance for future growth.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 4:00 pm

CHRS

Coherus BioSciences (NASDAQ:CHRS) is scheduled to release its quarterly earnings report on March 13, 2024, with an expected EPS of $-0.12. Historical data shows mixed reactions to past earnings, with significant price changes following the announcements. Shares have declined 63.34% over the last year, indicating investor concern ahead of this release.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 4:00 pm

AMD

The analysis of Advanced Micro Devices (AMD) against its competitors in the Semiconductors & Semiconductor Equipment industry reveals AMD's premium valuation with a high PE ratio, potential undervaluation based on PB ratio, and challenges in profitability and growth. AMD's acquisition of Xilinx aims to diversify its business and enhance opportunities in key markets. The company's financial health is indicated by a lower debt-to-equity ratio compared to its top 4 peers, suggesting less reliance on debt financing.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 4:00 pm

AAPL

This article provides an in-depth analysis of Apple Inc. (AAPL) within the Technology Hardware, Storage & Peripherals industry, comparing it with competitors on key financial metrics. Apple shows potential for growth with a lower PE ratio than the industry average, trades at a premium based on its PB and PS ratios, and demonstrates strong profitability with high ROE, EBITDA, and gross profit. However, its revenue growth is below the industry average, indicating potential challenges in sales volume increase.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 4:00 pm

RERE

ATRenew Inc. (NYSE:RERE) shares rose after reporting a 300% increase in quarterly earnings per share and a 26.23% increase in sales year-over-year. The company also announced a $20 million share repurchase program and provided a positive revenue outlook for Q1 2024, expecting a 23.6% to 27.1% increase year-over-year. Despite a 54.52% decrease over the past year, the stock has gained 28.18% in the last month.

Portfolio Pulse from Erica Kollmann

March 12, 2024 | 3:57 pm

LULU

Investors have shown a bearish stance on Lululemon Athletica (NASDAQ:LULU), with options trading indicating a sentiment split of 38% bullish and 61% bearish. The options market dynamics reveal significant activity, including 13 uncommon trades, with puts totaling $328,019 and calls at $322,980. The price target window observed ranges from $420.0 to $495.0. LULU's current trading volume is 219,586, with a slight price decrease of -0.01%, positioned at $457.7. An earnings announcement is expected in 9 days, and an analyst from Needham has revised its rating to Buy with a price target of $525.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 3:31 pm

SOUN

Financial giants have shown a bullish stance on SoundHound AI (NASDAQ:SOUN), with 80% of traders being bullish based on recent options trading activity. The trading suggests a target price range of $3.0 to $15.0. SoundHound AI's stock is currently up 3.51% at $6.19, with indicators suggesting it may be overbought. The company, known for its conversational intelligence platform, is expected to release its next earnings in 58 days.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 3:30 pm

FPX

MILN

UBER

Uber Freight aims for a tenfold expansion in Europe by 2028, targeting 2 billion euros in freight management. Despite a 25% revenue dip in 2023 due to lower trucking rates, improvements are seen with resolving supply chain issues. Uber Technologies Inc. (UBER) reported a 15% revenue growth in Q4 fiscal 2023, with shares up 0.50% in premarket trading. Investors can also gain exposure to Uber through FPX and MILN ETFs.

Portfolio Pulse from Anusuya Lahiri

March 12, 2024 | 3:28 pm

APO

FNDA

LUMN

RXT

TXSS

Rackspace Technology Inc (RXT) is reportedly close to finalizing a $275M restructuring plan with its creditors, aiming to reduce its debt and reorganize repayment priorities. The deal includes a new cash influx and a debt exchange offer, with favorable terms for creditors involved in prior negotiations. Apollo Global Management Inc (APO), a primary investor, has not commented. The restructuring reflects broader trends among companies facing economic challenges. Rackspace's financial results are awaited on March 12, 2024, with an expected quarterly EPS loss. The company's financial health is underlined by its first-lien notes trading at significantly reduced values. RXT shares saw a 7.1% increase to $2.25 recently. Investors can also gain exposure through TXSS and FNDA ETFs.

Portfolio Pulse from Anusuya Lahiri

March 12, 2024 | 3:25 pm