Streetbeat News

Earnings

BSM

BTU

EURN

MRO

SBOW

Benzinga Insights identifies Peabody Energy (BTU), SilverBow Resources (SBOW), Marathon Oil (MRO), Euronav (EURN), and Black Stone Minerals (BSM) as notable value stocks in the energy sector based on low P/E multiples. Peabody Energy and Euronav reported increases in earnings per share, while SilverBow Resources and Marathon Oil saw decreases. Black Stone Minerals experienced an increase in earnings per share and dividend yield.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 2:39 pm

STVN

Stevanato projects FY24 revenue to be between €1.180B and €1.210B, slightly below the €1.22B estimate. The company also forecasts adjusted EBITDA to range from €314.1M to €329.5M and adjusted EPS to be between €0.62 and €0.66, which is below the €0.67 estimate.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 2:39 pm

YMM

Full Truck Alliance Co Ltd (NYSE:YMM) reported a 25.3% year-over-year increase in Q4 sales to $339.15 million, surpassing expectations. Adjusted operating income and net income per ADS also saw significant increases. The company announced a repurchase of 30.7 million ADSs for about $200 million and authorized a new repurchase program of up to $500 million. Looking ahead, Full Truck Alliance expects a 23.9% to 27.1% year-over-year growth in total net revenues for the next quarter.

Portfolio Pulse from Akanksha Bakshi

March 07, 2024 | 2:36 pm

PSHG

Performance Shipping (NASDAQ:PSHG) reported Q4 2023 earnings of $0.630 per share, missing the consensus estimate of $0.690. However, their sales of $23.800M exceeded the $23.200M estimate, marking a 14.29% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 2:29 pm

BILI

GAMR

HERO

Bilibili Inc (NASDAQ:BILI) reported Q4 fiscal 2023 revenue of $894.3 million, a 3% increase Y/Y, surpassing consensus estimates. Despite beating EPS estimates with a smaller loss than expected, BILI's stock price dropped. The company saw growth in DAUs, mobile games, and VAS revenues, but a significant decline in IP derivatives and e-commerce revenues. Bilibili ended the year with $2.1 billion in cash. Exposure to BILI can be gained through ETFs like HERO and GAMR.

Portfolio Pulse from Anusuya Lahiri

March 07, 2024 | 2:29 pm

CNXA

Connexa Sports Techs (NASDAQ:CNXA) reported a Q3 loss of $(14.29) per share with sales amounting to $2.07 million.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 2:27 pm

BURL

Burlington Stores' shares surged following the announcement of their Q4 financial results, which exceeded expectations. Additionally, the company provided optimistic adjusted EPS guidance for FY24.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 2:26 pm

RAPT

RAPT Therapeutics (NASDAQ:RAPT) reported Q4 earnings, beating estimates with an EPS of $-0.8 against an expected $-0.86, a 7% beat. However, revenue remained unchanged from the previous year. This follows a quarter where the company missed EPS estimates by $0.07, yet saw a 5% share price increase the following day.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 2:25 pm

CYCC

CYCCP

Cyclacel Pharmaceuticals, Inc. announced that preclinical proof-of-concept data for its drug fadraciclib will be presented at the AACR Annual Meeting 2024. The data demonstrates fadraciclib's activity and antitumor effects in various cancers. Fadraciclib, a CDK2/9 inhibitor, has shown promising results in early trials for multiple cancer types. The company is currently conducting a Phase 1/2 trial for fadraciclib in advanced solid tumors and lymphoma.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 2:24 pm

GE

General Electric Company (NYSE:GE) shares rose after the company announced that GE Aerospace reaffirmed its guidance, including a $10 billion operating profit target for 2028. GE Aerospace is set to become an independent public company in 2024. GE plans to return 70-75% of available funds through dividends and share buybacks, with a 30% dividend payout and a $15 billion share buyback plan. The company forecasts low-double-digit revenue growth for FY24 and FY25, with operating profits increasing annually through FY28.

Portfolio Pulse from Nabaparna Bhattacharya

March 07, 2024 | 2:24 pm