Streetbeat News

Earnings

LOW

A Lowe's executive reported record online sales for Black Friday and Cyber Monday, along with improved holiday sell-through and margins during a conference call.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 2:12 pm

LOW

During a conference call, a Lowe's executive reported that the company saw improved trends in November and December compared to Q3. However, there was a sharp drop in traffic during periods of extreme weather in January.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 2:10 pm

EBAY

eBay Inc. is set to release its fiscal fourth quarter earnings after the market closes on Feb. 27, 2024, with analysts expecting a slight decrease in earnings per share from $1.07 to $1.03, and revenue projected to remain stable at $2.51 billion. The company recently appointed Zane Rowe to its Board of Directors. Ahead of the earnings call, analysts have revised their forecasts and price targets for eBay, with adjustments reflecting a cautious but generally stable outlook on the company's financial performance.

Portfolio Pulse from Avi Kapoor

February 27, 2024 | 2:10 pm

M

Macy's Inc (NYSE:M) reported Q4 earnings with an adjusted EPS of $2.45, surpassing analyst expectations but missing revenue forecasts with $8.12 billion. Sales declined by 1.7% YoY, with digital sales down 4% and comparable sales also falling. The company announced a strategy to close 150 stores by 2026, aiming to focus on growth areas like Bloomingdale's and Bluemercury. Macy's expects FY24 adjusted EPS of $2.45-$2.85 and net sales of $22.20 billion-$22.90 billion, both below analyst estimates.

Portfolio Pulse from Nabaparna Bhattacharya

February 27, 2024 | 2:09 pm

AGBA

AGBA Group Holding Limited, a leading financial supermarket in Hong Kong, is poised for growth in 2024, leveraging Hong Kong's recovering macro environment. The company has refined its business model, implemented cost-cutting measures, and secured funds through equity private placement. Despite a significant share price decline since its Nasdaq listing in 2022, AGBA sees a disconnect between its share price and business value, indicating potential upside for shareholders. Strategic partnerships and expansion plans, including to Singapore, are expected to bolster AGBA's market position.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 2:09 pm

AMN

CVNA

HUBS

NET

PSA

VST

Jim Cramer discussed several stocks on CNBC's 'Mad Money Lightning Round,' recommending Carvana (CVNA) for buying on pullbacks, advising against AMN Healthcare Services (AMN) due to its battle-like status, endorsing Public Storage (PSA) for its smart operations, withholding recommendation on Vistra Corp. (VST) pending further study, dismissing HubSpot (HUBS) in favor of Salesforce (CRM), and highlighting Cloudflare (NET) as an 'absolute stock' to hold and buy more if it dips. Financial results and stock price movements for these companies were also mentioned.

Portfolio Pulse from Avi Kapoor

February 27, 2024 | 2:03 pm

RVNC

Revance Therapeutics (NASDAQ:RVNC) is scheduled to release its quarterly earnings report on February 28, 2024, with an expected EPS of $-0.72. Historical data shows mixed reactions to past earnings, with the last quarter beating estimates but followed by a 17.05% drop in share price. Over the last year, RVNC shares have declined by 82.36%, indicating potential concern among long-term investors ahead of this earnings announcement.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 2:02 pm

NTRA

Natera (NASDAQ:NTRA) is scheduled to release its quarterly earnings report on February 28, 2024, with an expected EPS of $-0.73. Analysts and investors are keen on whether Natera will surpass this estimate and provide positive guidance for the next quarter. Historical data shows Natera's stock price reacts significantly to earnings performance and guidance. Last quarter, Natera met its EPS estimate, resulting in a 9.8% stock price increase the following day. Over the past year, NTRA shares have risen by 36.68%, indicating a bullish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 2:02 pm

APG

APi Gr (NYSE:APG) is scheduled to release its quarterly earnings report on February 28, 2024, with analysts expecting an EPS of $0.43. The company's past performance shows a pattern of beating EPS estimates, which has occasionally led to positive stock price movements the following day. Shares of APi Gr have seen a 51.27% increase over the last 52 weeks, trading at $35.79 as of February 23. Investors are looking forward to not only the earnings results but also the company's guidance for future growth.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 2:01 pm

CCCS

CCC Intelligent Solutions (NASDAQ:CCCS) is scheduled to release its quarterly earnings report on February 28, 2024. Analysts predict an EPS of $0.08. The company's historical performance shows a pattern of beating EPS estimates, which has previously led to significant share price movements. Shares are currently trading at $11.58, with a 52-week increase of 29.82%. Investors are optimistic but will be closely watching the guidance for future growth.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 2:01 pm