Streetbeat News

Earnings

CRBP

Corbus Pharmaceuticals Holdings' shares surged following the announcement of their Q4 earnings per share (EPS) results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 2:52 pm

RBLX

Investors have shown increased interest in Roblox (NYSE:RBLX) options, with a mix of bullish and bearish sentiments. Benzinga's options scanner revealed 9 significant trades, indicating a price target range of $30.0 to $45.0 for RBLX. The trading volume and open interest in Roblox's options have fluctuated, reflecting investor interest in specific strike prices. Roblox, an online video game platform, is currently trading at $40.88, with its stock down by -2.76% and an earnings announcement expected in 57 days.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 2:45 pm

WKHS

Workhorse Group Inc (NASDAQ:WKHS) shares dropped after reporting Q4 FY23 results with sales of $4.4 million, surpassing consensus but with an EPS loss of $(0.19), missing expectations. The company highlighted increased vehicle sales and contributions from Stables by Workhorse and DaaS, but faced higher SG&A expenses due to legal and professional fees. Despite a challenging liquidity situation, Workhorse is focusing on production, delivery capabilities, and financial discipline for 2024.

Portfolio Pulse from Lekha Gupta

March 12, 2024 | 2:45 pm

APTV

CAAS

GES

HMC

JAKK

Benzinga Insights identifies 5 value stocks in the consumer cyclical sector based on low P/E ratios, indicating potential undervaluation. The stocks include China Automotive Systems (CAAS), Jakks Pacific (JAKK), Aptiv (APTV), Honda Motor Co (HMC), and Guess (GES), each showing varied performance in earnings per share and dividend yields.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 2:43 pm

CLRO

DAKT

HPQ

IBEX

The article highlights five technology sector stocks considered as value stocks due to their low P/E ratios, indicating potential undervaluation. These stocks are ClearOne (CLRO), IBEX (IBEX), Daktronics (DAKT), Daqo New Energy (DQ), and HP (HPQ). The article provides recent earnings per share data and dividend yields for these companies, suggesting that while they may be undervalued, investing in value stocks carries the risk that they may not rebound.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 2:41 pm

GLD

QQQ

SPY

TLT

XLP

XLU

Following a CPI report indicating higher-than-expected inflation in February 2024, U.S. stocks maintained gains, while bonds and precious metals fell. The report showed a 3.2% year-over-year increase in CPI, with core CPI at 3.8%. Despite this, market expectations for a June rate cut remained at 70%. ETFs like TLT and GLD fell, while SPY, QQQ, and sector-specific ETFs like XLP and XLU showed mixed performance. Notably, ORCL and NVDA stocks surged, while LUV faced a significant drop.

Portfolio Pulse from Piero Cingari

March 12, 2024 | 2:38 pm

BODI

BVS

ORCL

PACK

Bioventus Inc. reported better-than-expected quarterly financial results, leading to a 10.8% surge in its shares. Other companies like Ranpak Holdings, The Beachbody Company, and Oracle Corporation also reported positive financial outcomes or guidance, contributing to significant stock price increases. Notably, Ranpak Holdings saw a 40.1% jump after exceeding fourth-quarter revenue expectations and receiving a price target increase from Baird.

Portfolio Pulse from Avi Kapoor

March 12, 2024 | 2:37 pm

HSAI

Hesai Group's shares declined following the announcement of disappointing Q4 financial results and lower than expected Q1 net revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 2:28 pm

BWMN

Bowman Consulting Group's shares surged following the announcement of their Q4 financial results, which exceeded expectations. Additionally, the company provided optimistic net service billing guidance for FY24.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 2:25 pm

IGT

International Game Technology PLC (NYSE:IGT) reported Q4 fiscal 2023 revenue of $1.13 billion, a 3% increase Y/Y, surpassing consensus estimates of $1.11 billion. Adjusted EPS was $0.56, beating the consensus of $0.41. Revenue from Global Lottery rose 7% Y/Y, while PlayDigital fell 10%. Adjusted EBITDA increased 9% Y/Y to $454 million. The company declared a quarterly dividend of $0.20 per share. CEO Vince Sadusky announced plans to split the business into separate lottery and gaming companies. IGT forecasts fiscal 2024 revenue between $4.30 billion and $4.40 billion, with shares falling 4.59% to $24.00.

Portfolio Pulse from Anusuya Lahiri

March 12, 2024 | 2:23 pm