Streetbeat News

Earnings

BNTX

INVA

OGN

PROC

TXMD

The article highlights five healthcare sector stocks considered to be value stocks due to their low price-to-earnings (P/E) multiples, suggesting they may be undervalued. These stocks are Organon (OGN), BioNTech (BNTX), TherapeuticsMD (TXMD), Innoviva (INVA), and Procaps Gr (PROC), each with specific P/E values and recent earnings per share data. The piece emphasizes the potential for value stocks to rebound but also notes the risk that the expected emergence may not occur.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 2:44 pm

UNH

UnitedHealth Group Incorporated (NYSE:UNH) reported a 15% year-over-year revenue growth for 2023, reaching $371.6 billion, driven by its Optum and UnitedHealthcare divisions. Despite a slight decrease in net margin, earnings from operations grew by 14% to $32.4 billion. The company also showcased strong cash flows and a 27% return on equity, returning $14.8 billion to shareholders through dividends and repurchases. UnitedHealth Group reaffirmed its 2024 performance objectives, excluding impacts from the sale of its Brazil operations.

Portfolio Pulse from Tornado

March 04, 2024 | 2:44 pm

ASTR

BIVI

FUFU

JAGX

JOAN

QNRX

U.S. stocks traded lower with the Dow Jones falling over 100 points. Sea Limited reported better-than-expected sales for Q4, while shares of BitFuFu, Quoin Pharmaceuticals, and Jaguar Health surged. Conversely, BioVie, Astra Space, and JOANN Inc. saw significant drops. Oil and gold prices increased slightly.

Portfolio Pulse from Avi Kapoor

March 04, 2024 | 2:44 pm

Visa Inc. (NYSE:V) reported strong fiscal Q1 2024 results, with an 8% increase in payments volume and a 16% rise in cross-border volume. GAAP EPS rose by 20%, and non-GAAP EPS by 11%. The company expanded its acceptance locations by 17% and network tokens by 55%. Despite challenges like Regulation II impact and weather-related slowdowns, Visa remains optimistic about its future, bolstered by strategic partnerships and a commitment to innovation.

Portfolio Pulse from Tornado

March 04, 2024 | 2:43 pm

ABR

FBRT

LFT

VTMX

Benzinga Insights identifies Arbor Realty Trust (ABR), Corporacion Inmobiliaria (VTMX), Franklin BSP Realty Trust (FBRT), Ready Capital (RC), and Lument Finance Trust (LFT) as notable value stocks in the real estate sector based on low P/E multiples. ABR, FBRT, RC, and LFT experienced changes in earnings per share and dividend yields, indicating varied financial performance in the recent quarter.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 2:39 pm

AMD

DELL

LNVGF

LNVGY

NVDA

Lenovo's Q3 fiscal results showed a 23% year-on-year profit drop to $340 million, despite sequential revenue growth. The company's future growth is pinned on AI PC models, amidst analyst skepticism and a bearish outlook on its server business. Lenovo plans significant R&D investment in AI, with two AI PC models launching soon. However, the global PC market's slow growth and potential U.S. restrictions on chip sales to China pose challenges. Competitors like Dell, Nvidia, and AMD could benefit from the AI PC trend.

Portfolio Pulse from The Bamboo Works

March 04, 2024 | 2:39 pm

AMD

DELL

NVDA

Dell Technologies Inc (NYSE:DELL) reported fiscal 2024 Q4 results, surpassing analyst expectations with a nearly 20% share price increase, driven by strategic AI partnerships with Nvidia Corporation (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD). Despite an 11% YoY revenue drop to $25.04 billion, net income soared 89% YoY to $1.16 billion. Dell's AI-optimized servers and storage revenue showed significant growth. The company expects to return to growth in fiscal 2025, supported by AI investments and has increased its annual dividend by 20%.

Portfolio Pulse from Upwallstreet

March 04, 2024 | 2:37 pm

NWGL

Nature Wood Group Limited (NWGL) anticipates a 75% revenue growth in FY24, expecting to reach $45M, up from $25.4M in FY23. This growth is attributed to new EU regulations favoring sustainably sourced wood, a market where NWGL, with its focus on FSC certified operations, holds a competitive advantage. The company also plans to expand its carbon credit projects globally, leveraging high-margin opportunities while supporting sustainability.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 2:32 pm

BOIL

EQT

UNG

USO

Natural gas prices surged after EQT Corporation announced a production cut, leading to a 5.6% increase in U.S. natural gas futures. The United States Natural Gas Fund and the ProShares Ultra Bloomberg Natural Gas also saw significant increases. EQT's shares rose slightly in pre-market trading. Meanwhile, oil prices dipped as OPEC+ extended production curbs, affecting the United States Oil Fund. The decision came despite a recent increase in oil production by some OPEC+ members.

Portfolio Pulse from Neil Dennis

March 04, 2024 | 2:03 pm

OOMA

Ooma (NYSE:OOMA) is scheduled to release its quarterly earnings report on 2024-03-05, with analysts expecting an EPS of $0.12. Investors are hopeful for a beat on this estimate and positive guidance for the next quarter. Ooma's past earnings performance shows a mixed impact on its stock price, with the last quarter missing EPS estimates by $0.00 and leading to a 9.28% drop in share price. Over the last year, OOMA shares have declined by 22.47%, indicating potential concern among long-term shareholders ahead of this earnings release.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 2:02 pm