Streetbeat News

Earnings

QCOM

QUALCOMM Incorporated (NASDAQ:QCOM) is set to release its Q1 earnings after the market closes on January 31, 2024. Analysts predict earnings of $2.37 per share, matching the previous year's results, and forecast revenue of $9.52 billion. Akash Palkhiwala was recently appointed as CFO and COO. The stock closed down 2.5% at $145.98. Analysts from Canaccord Genuity, Rosenblatt, Keybanc, Citigroup, and Morgan Stanley have provided recent ratings and price target changes, with most maintaining a positive outlook and raising their price targets.

Portfolio Pulse from Avi Kapoor

January 31, 2024 | 4:02 pm

ADP

BA

PLUG

POWL

SYK

Boeing reported a Q4 revenue increase of 10% to $22.02 billion, surpassing estimates and an adjusted loss per share of 47 cents, beating expectations. Shares rose 4.7%. Other stocks also moved higher: Powell Industries surged 49% post strong results and dividend raise; Plug Power jumped 17.8% after an upgrade; DocGo rose 15.8% on a buyback program; Ashland gained 14.5% on mixed results and guidance; and Stryker increased 5.8% after beating Q4 expectations. Various companies like Automatic Data Processing, LendingClub, and Teva Pharmaceutical also saw gains following positive earnings reports or guidance.

Portfolio Pulse from Avi Kapoor

January 31, 2024 | 4:02 pm

PH

Parker Hannifin (NYSE:PH) is expected to release its quarterly earnings report on Thursday, 2024-02-01, with analysts predicting an EPS of $5.26. Investors are looking for an earnings beat and positive guidance for future growth. In the past, earnings beats have not always led to stock price increases. Shares are currently trading at $477.86, up 39.15% over the last year. The company's past earnings performance and stock price changes post-earnings are mixed, with both increases and decreases in share price following earnings reports.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 4:02 pm

CVCO

Cavco Indus (NASDAQ:CVCO) is scheduled to release its quarterly earnings report on Thursday, 2024-02-01, with an estimated EPS of $4.27. Investors are looking for an earnings beat and positive guidance for the next quarter. In the past, CVCO's stock price has been affected more by guidance than by earnings beats or misses. Last quarter, CVCO missed the EPS estimate by $0.51 but saw a 5.65% increase in share price the following day. Over the last 52 weeks, CVCO shares have risen by 20.49%, indicating a bullish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 4:01 pm

ATI

ATI (NYSE:ATI) is expected to release its quarterly earnings report on Thursday, 2024-02-01, with analysts estimating an EPS of $0.62. Investors are looking for an earnings beat and positive guidance for the next quarter. ATI's stock performance has been positive over the last 52 weeks, with shares up 6.72%, and it closed at $41.35 on January 30. Historically, ATI's share price has reacted to earnings beats and misses, as well as guidance provided by the company.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 4:01 pm

SIRI

Sirius XM Holdings (NASDAQ:SIRI) is expected to release its quarterly earnings report on Thursday, 2024-02-01, with analysts estimating an EPS of $0.08. Investors are looking for an earnings beat and positive guidance for future growth. Historically, SIRI's stock price has been sensitive to earnings performance and guidance. Last quarter, SIRI beat the EPS estimate by $0.01, resulting in a 5.14% stock price increase the following day. Over the past year, SIRI shares have declined by 1.89%.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 4:01 pm

GOOS

Canada Goose Holdings (NYSE:GOOS) is expected to release its quarterly earnings report on February 1, 2024. Analysts predict an EPS of $1.01. Investors will be looking for an earnings beat and positive guidance for future growth. Historically, the company's stock price has been responsive to earnings beats and misses as well as guidance. Last quarter, GOOS beat the EPS estimate by $0.28, resulting in a 1.38% stock price increase the following day. Over the past year, the stock has declined by 34.13%, indicating a bearish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 4:01 pm

VIAV

Viavi Solutions (NASDAQ:VIAV) is expected to release its quarterly earnings report on Thursday, 2024-02-01, with analysts predicting an EPS of $0.09. Investors are looking for an earnings beat and positive guidance for the next quarter. In the past, Viavi's stock price has reacted variably to earnings reports, with a 5.99% increase after a miss last quarter. Shares are currently trading at $9.71, down 14.43% over the last 52 weeks, indicating a bearish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 4:01 pm

DXC

DXC Technology (NYSE:DXC) is scheduled to release its quarterly earnings report on Thursday, 2024-02-01, with analysts expecting an EPS of $0.77. Investors are looking for an earnings beat and positive guidance for future growth. Historically, DXC's stock price has reacted to past earnings performances and guidance. Last quarter, DXC beat EPS estimates by $0.03, resulting in a 9.96% stock price increase the following day. However, over the last 52 weeks, DXC shares have declined by 23.69%.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 4:01 pm

LANC

Lancaster Colony (NASDAQ:LANC) is expected to release its quarterly earnings report on Thursday, 2024-02-01, with an estimated EPS of $1.62. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, LANC's stock price has shown varied reactions to earnings performance. The stock was trading at $187.31 as of January 30, with a slight 0.32% increase over the last 52 weeks.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 4:01 pm