Streetbeat News

Earnings

CVNA

Financial giants have shown a bearish stance on Carvana (NYSE:CVNA), with options trading revealing 71% bearish and 28% bullish sentiments. The analysis of unusual trades highlighted a price target range of $40.0 to $90.0. The largest trades included both bullish and bearish calls and puts, with significant open interest and volume in these options. Carvana, an e-commerce platform for buying and selling used cars, saw its stock price down -2.14% at $78.7, with indicators suggesting it may be overbought. The next earnings report is expected in 64 days.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 3:01 pm

LKNCY

SBUX

Baicha Baidao Industrial Co. Ltd., operating as Chabaidao, has filed for an IPO in Hong Kong, aiming to capitalize on its rapid growth in China's premium tea market. With a 34.8% revenue increase in 2023 to 5.7 billion yuan and a consistent profit over the past three years, Chabaidao plans to expand by targeting lower-tier cities, moving overseas, and diversifying into coffee. The company, a top-three player in China's tea market, faces stiff competition in a saturating market but has outlined strategies for continued growth.

Portfolio Pulse from The Bamboo Works

February 28, 2024 | 3:01 pm

VRRM

Verra Mobility (NASDAQ:VRRM) is scheduled to release its quarterly earnings report on Thursday, 2024-02-29, with an expected EPS of $0.26. Historically, the company has surpassed EPS estimates, leading to positive stock price movements. Shares are currently trading at $21.55, reflecting a 21.13% increase over the last year. Investors are optimistic, particularly looking for positive future guidance.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 3:01 pm

FSR

Fisker (NYSE:FSR) is scheduled to release its quarterly earnings report on Thursday, 2024-02-29, with an expected EPS of $-0.27. Investors are hopeful for a beat on this estimate and positive guidance for the next quarter. Fisker's stock performance has been negative over the last year, with a 90.4% decline. The company's past earnings have shown a pattern of not meeting EPS estimates, leading to significant price drops.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 3:01 pm

COO

Cooper Companies (NYSE:COO) is scheduled to release its quarterly earnings report on Thursday, 2024-02-29, with an estimated EPS of $0.78. Analysts and investors are particularly interested in the company's guidance for future growth. The stock's past performance shows a mixed reaction to earnings reports, with the last quarter missing EPS estimates by $0.01, leading to a 2.88% drop in share price. Over the last year, COO shares have increased by 14.26%, trading at $93.74 as of February 27.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 3:00 pm

BEAM

Beam Therapeutics (NASDAQ:BEAM) has been analyzed by 4 analysts, showing a shift towards a more cautious stance with 3 indifferent ratings in the last 30 days. The average 12-month price target has been adjusted to $35.00, down from $46.67, indicating a 25.01% decrease. Financial indicators reveal a positive revenue trend with an 8.82% growth rate as of September 30, 2023, but a high net margin of -558.88% and an impressive ROE of -12.08%. The company's debt-to-equity ratio stands at 0.22, showcasing a sound financial structure.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 3:00 pm

BLD

TopBuild's shares dropped following the announcement of Q4 revenue results that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 2:59 pm

SAM

Boston Beer Company, Inc. (NYSE:SAM) shares dropped after reporting Q4 FY23 results below expectations with a 12.0% Y/Y decrease in net revenue to $393.7 million and a significant EPS loss of $(1.49). The company also announced the retirement of CEO Dave Burwick and the appointment of Michael Spillane as the new CEO effective April 1, 2024. FY24 outlook anticipates Depletions and Shipments to vary from a low single-digit decrease to a low single-digit increase, with an EPS forecast of $7.00 to $11.00.

Portfolio Pulse from Lekha Gupta

February 28, 2024 | 2:56 pm

EME

EMCOR Group's shares surged following the announcement of their Q4 financial results, which exceeded expectations. Additionally, the company provided an optimistic FY24 guidance that surpassed estimates and announced an increase in its quarterly dividend.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 2:55 pm

AAPL

Analyst Ming-Chi Kuo reports a significant slowdown in U.S. market demand for Apple's Vision Pro, with shipping times improved to 3-5 days indicating decreased demand. Despite this, U.S. shipments are expected to exceed Apple's original estimates. Global release is dependent on regulatory compliance, with a potential launch in more countries before WWDC. Supply chain production has expanded slightly, but Vision Pro remains a niche product. The return rate is under 1%, with some returns due to setup issues. Apple is predicted to focus on production efficiency rather than spec changes for the next Vision Pro model, with significant spec changes not expected until 2027. Vision Pro's impact on Apple and supplier share prices is considered limited, with its transition to a mass-market product dependent on applications, price, and comfort improvements.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 2:52 pm