Streetbeat News

Earnings

HBIO

Harvard Bioscience (NASDAQ:HBIO) is scheduled to release its quarterly earnings report on March 7, 2024, with analysts expecting an EPS of $0.05. The company's past earnings performance shows a mixed record of beating and missing EPS estimates, affecting its stock price variably. Shares have risen 60.9% over the last 52 weeks, indicating a positive outlook among long-term shareholders. Investors will be keenly watching for not only the earnings results but also the company's guidance for future growth.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 8:01 pm

NX

Quanex Building Prods (NYSE:NX) is scheduled to release its quarterly earnings report on March 7, 2024, with an estimated EPS of $0.11. Investors are hopeful for a beat on this estimate and positive future guidance. Historically, the company's stock price has shown volatility post-earnings announcements, with significant price changes following both beats and misses. Over the last year, NX shares have increased by 40.06%, indicating a bullish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 8:01 pm

FAT

FAT Brands (NASDAQ:FAT) is scheduled to release its quarterly earnings report on March 7, 2024, with analysts expecting an EPS of $-1.21. The company's past earnings performance shows mixed results, with the last quarter beating estimates but resulting in a 5.26% share price drop the following day. Shares are currently trading at $7.98, up 9.55% over the last year. Investors are looking for positive guidance for the next quarter.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 8:01 pm

ISDR

Issuer Direct (AMEX:ISDR) is anticipated to report a quarterly EPS of $0.26 on March 7, 2024. Analysts and investors are keen on whether the company will surpass this estimate and provide positive future guidance. Historical data shows a mixed performance in beating EPS estimates, with a notable 14.25% share price drop following a miss last quarter. Currently, shares are down 35.29% over the last year, indicating a bearish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 8:01 pm

CHMI

Cherry Hill Mortgage (NYSE:CHMI) is scheduled to release its quarterly earnings report on March 7, 2024, with an estimated EPS of $0.19. Historical performance shows mixed results with the last quarter missing estimates by $0.01 but resulting in an 11.32% share price increase the following day. Over the past year, CHMI shares have declined by 35.34%, indicating a bearish outlook among long-term shareholders.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 8:01 pm

ABM

ABM Industries (NYSE:ABM) is scheduled to release its quarterly earnings report on March 7, 2024, with an expected EPS of $0.71. Historical data shows mixed reactions to past earnings, with a notable 10.21% drop after last quarter's beat. Shares have declined 10.84% over the past year, indicating investor concern ahead of the announcement.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 8:00 pm

CHPT

RBC Capital Markets analyst Christopher Dendrinos downgraded ChargePoint Holdings, Inc. (CHPT) to Sector Perform from Outperform, citing slow EV market growth and emerging cost reduction strategies. The downgrade follows a Q4 sales miss and concerns over sluggish macro demand impacting financial performance. Despite strong network utilization, consumer sentiment remains low, affecting demand for charging infrastructure. However, ChargePoint's partnership with AcBel aims to support cost reduction and is expected to improve gross margins by FY25.

Portfolio Pulse from Nabaparna Bhattacharya

March 06, 2024 | 7:51 pm

COST

Costco Wholesale Corporation (NASDAQ:COST) is set to report its Q2 financial results with expectations of revenue at $59.16 billion and EPS at $3.62. Analysts anticipate a potential membership fee increase and highlight Costco's strong performance, with shares up 45% in 2023. The company has consistently beaten revenue and EPS estimates in recent quarters. Analysts from Oppenheimer, Telsey, Goldman Sachs, and Wells Fargo have provided positive ratings and raised price targets. The upcoming CFO change and international expansion, particularly in China, are also key points of interest.

Portfolio Pulse from Chris Katje

March 06, 2024 | 7:48 pm

GDDY

GoDaddy projects a ~33% normalized EBITDA margin by 2026 and anticipates generating $4.5B or more in cumulative free cash flow over the next three years. The company aims for a capital return strategy that targets a free cash flow per share compounded annual growth rate of over 20%.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 7:47 pm

GDDY

GoDaddy Inc. (NYSE:GDDY) announced at its Investor Day in Tempe, Arizona, its long-term growth strategy, expecting 6%-8% annual revenue growth from 2024 to 2026, primarily driven by its Applications & Commerce segment. The company aims for a 33% normalized EBITDA margin by 2026 and projects over $4.5 billion in cumulative free cash flow through 2026. This growth is supported by innovations like GoDaddy Airo, an AI-powered solution for small businesses. GoDaddy also plans to continue its share buyback program, with $1.4 billion remaining under current authorizations.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 7:46 pm