Streetbeat News

Earnings

DDD

MSTR

TSLA

Bitcoin's surge to $59K led to $71M in short squeezes, boosting meme coins like Dogecoin, Shiba Inu, and Floki, pushing their market cap to $26.5B. MicroStrategy's stock is predicted to hit $990 amid a Bitcoin rally to $125K. In US markets, 3D Systems reported downbeat Q4 results, affecting pre-market session movements. Cox Enterprises is set to acquire OpenGov for $1.8B. Tesla shows premarket gains, while Ford recalls 63K trucks. Viatris partners with Idorsia for heart attack treatments, and PNM Resources and AEP complete a solar venture sale.

Portfolio Pulse from Akanksha Bakshi

February 28, 2024 | 2:46 pm

UWMC

UWM Holdings (UWMC) reported a significant miss in both Q4 adjusted EPS and sales against analyst estimates. The adjusted EPS was $(0.23), missing the $0.05 estimate by 560%, and sales were $(114.58M), missing the $350.73M estimate by 132.67%. This represents a substantial decrease from the previous year's figures.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 2:46 pm

Investors have shown a significant interest in Micron Technology (NASDAQ:MU) options, with a notable lean towards bullish sentiment. Benzinga's options scanner revealed 24 unusual trades, predominantly calls, indicating a potential price target range of $82.5 to $135.0 for MU. The largest trades were bullish calls with expiration dates in 2024. Currently, MU's stock is slightly down at $90.45, with an anticipated earnings release in 21 days. This heightened options activity could suggest insider knowledge or speculation on future price movements.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 2:45 pm

BAER

GRNQ

KODK

RYI

UAL

Benzinga Insights identifies 5 value stocks in the industrials sector with low P/E ratios, suggesting potential undervaluation. The stocks are Eastman Kodak (KODK), Greenpro Capital (GRNQ), Bridger Aerospace Gr (BAER), United Airlines Holdings (UAL), and Ryerson Holding (RYI). Recent earnings reports show mixed results, with some companies reporting decreases in earnings per share.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 2:41 pm

GOGO

Gogo Inc (NASDAQ:GOGO) reported a Q4 fiscal 2023 revenue decline of 10% year-on-year to $97.8 million, surpassing the consensus of $96.5 million. EPS was $0.11, aligning with consensus. Service revenue grew 5% Y/Y, while equipment revenue fell 45% Y/Y. Adjusted EBITDA declined 24% Y/Y to $35.1 million. The company anticipates significant improvements with the launch of Gogo Galileo and Gogo 5G, expecting FY24 revenue of $410 million to $425 million. GOGO shares dropped 0.69% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

February 28, 2024 | 2:41 pm

LODE

Comstock (AMEX:LODE) reported Q4 earnings, beating estimates with an EPS of $0.08 against an expected -$0.04. Revenue increased by $416 thousand year-over-year. Despite beating last quarter's EPS estimate, the share price dropped by 1.0% the following day. Historical performance shows variability in meeting EPS and revenue estimates.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 2:40 pm

RPTX

Repare Therapeutics (NASDAQ:RPTX) reported Q4 earnings with a significant miss on estimated earnings by -46.0%, posting an EPS of $-0.67 against an estimate of $-0.46. Revenue also saw a decrease, down $5.15 million from the same period last year. This contrasts with the previous quarter where the company beat EPS estimates, which was followed by a 5.0% increase in share price the next day.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 2:40 pm

AAP

Advance Auto Parts Inc. (NYSE:AAP) reported Q4 revenues of $2.465 billion, nearly matching Wall Street expectations. However, comparable store sales decreased by 1.4%, and the company experienced a quarterly EPS loss of $(0.59), contrary to the expected $0.23. Gross profit and margin significantly decreased, and the company reported an operating loss of $(48.6) million. Despite these challenges, AAP shares rose by 2.27% to $66.22, following the announcement of cost reduction initiatives and a positive outlook for 2024, projecting higher EPS and net sales.

Portfolio Pulse from Nabaparna Bhattacharya

February 28, 2024 | 2:40 pm

ENIC

ETR

GNE

TAC

Benzinga Insights identifies five value stocks in the utilities sector with low P/E ratios, suggesting potential undervaluation. The stocks include Genie Energy (GNE), Hawaiian Electric Indus (HE), Entergy (ETR), Enel Chile (ENIC), and TransAlta (TAC), each showing varied performance in earnings per share and dividend yields in recent quarters.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 2:38 pm

RXRX

Recursion Pharmaceuticals Inc (NASDAQ:RXRX) shares fell after reporting mixed Q4 results, missing revenue estimates but beating EPS expectations. The company is progressing with clinical programs and integrating AI through a partnership with Tempus. Needham maintained a Buy rating, raising the target price. Nvidia's investment in Recursion was highlighted.

Portfolio Pulse from Adam Eckert

February 28, 2024 | 2:32 pm