Streetbeat News

Earnings

GT

The Goodyear Tire & Rubber Company (GT) shares dropped following the announcement of disappointing Q4 revenue results and weaker than expected Q1 guidance.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 5:21 pm

HWM

Howmet Aerospace Inc (NYSE:HWM) shares rose after reporting strong Q4 FY23 results, with a 14% Y/Y revenue increase to $1.73 billion, surpassing the $1.65 billion consensus. Adjusted EPS grew 39% Y/Y to $0.53, beating the $0.47 consensus. The company also highlighted a positive outlook for FY24, expecting revenue between $7.00 billion and $7.20 billion and adjusted EPS of $2.10-$2.20. Howmet's optimistic outlook is supported by strong commercial aerospace demand and record backlogs at aircraft OEMs.

Portfolio Pulse from Lekha Gupta

February 13, 2024 | 5:16 pm

WBA

Walgreens Boots Alliance (NASDAQ:WBA) has seen significant options activity, with a bearish sentiment prevailing among investors. Analysis of 9 trades reveals 33% bullish and 66% bearish positions, with options targeting a price range of $10.0 to $25.0. The stock is currently trading at $22.58, down by -0.22%, with an RSI indicating a neutral position. The company, a major retail pharmacy chain in the U.S., is preparing for its earnings release in 42 days.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 5:15 pm

CAR

Avis Budget Group's shares are trading lower due to the company reporting Q4 revenue results that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 5:15 pm

BDRX

Biodexa Pharmaceuticals Plc (NASDAQ:BDRX) shares surged after a Schedule 13G filing revealed Bigger Capital Fund's 9.9% stake. The company, focusing on brain cancer treatments, showed promising updates from its MAGIC-G1 study on recurrent glioblastoma. Additionally, a new patent for Tolimidone, potentially treating Type 1 Diabetes, was allowed. BDRX shares rose 30% in premarket and 13.80% to $1.65 in the latest trading session.

Portfolio Pulse from Vandana Singh

February 13, 2024 | 5:12 pm

BIOL

BMR

DBGI

FREE

KO

SBFM

SIEN

U.S. stocks traded lower with the Nasdaq Composite down over 1%. Coca-Cola (KO) reported better-than-expected Q4 sales, forecasting 6%-7% organic revenue growth for FY 2024. Beamr Imaging (BMR), Whole Earth Brands (FREE), and Digital Brands Group (DBGI) saw significant stock price increases. Conversely, Sunshine Biopharma (SBFM), BIOLASE (BIOL), and Sientra (SIEN) experienced substantial declines. Gold fell 1.4%, while oil prices rose.

Portfolio Pulse from Avi Kapoor

February 13, 2024 | 5:06 pm

OEC

Orion Engineered Carbons (NYSE:OEC) is expected to report an EPS of $0.33 in its upcoming quarterly earnings on February 14, 2024. Historical data shows positive stock price movements following earnings beats. Last quarter, OEC beat the EPS estimate by $0.03, leading to a 3.4% share price increase. Over the last year, OEC shares have risen by 5.96%, with the stock currently trading at $23.8. Investors are looking for not only an earnings beat but also positive guidance for future growth.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 5:02 pm

PTEN

Patterson-UTI Energy (NASDAQ:PTEN) is scheduled to release its quarterly earnings report on February 14, 2024, with an expected EPS of $0.19. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. Historical data shows mixed reactions to past earnings reports, with the last quarter missing EPS estimates but resulting in a 3.83% share price increase the following day. Over the last year, PTEN shares have declined by 30.03%, indicating potential concern among long-term shareholders.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 5:02 pm

QS

QuantumScape (NYSE:QS) is expected to report an EPS of $-0.34 in its upcoming quarterly earnings on 2024-02-14. Historically, the company's share price has reacted variably to earnings reports, with a notable 6.95% drop after last quarter's beat. Over the last year, QS shares have declined by 34.89%, indicating a bearish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 5:01 pm

RBBN

Ribbon Comms (NASDAQ:RBBN) is expected to report an EPS of $0.13 in its upcoming quarterly earnings on February 14, 2024. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. Ribbon Comms's stock performance has been generally negative over the last year, with a 19.21% decline, making long-term shareholders bearish. The company's past earnings performance shows a mixed impact on its stock price, with both increases and decreases following earnings announcements.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 5:01 pm