Streetbeat News

Earnings

AAPL

A comparative study evaluates Apple (AAPL) against its competitors in the Technology Hardware, Storage & Peripherals industry. Apple's financial metrics show a lower P/E ratio than the industry average, suggesting growth potential, but higher P/B and P/S ratios indicate a premium on its assets and sales. Apple's ROE, EBITDA, and gross profit are significantly above the industry average, reflecting strong profitability. However, Apple's revenue growth is below the industry average, indicating a sales expansion slowdown.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 4:00 pm

KRP

Analysts have provided mixed reviews on Kimbell Royalty Partners (NYSE:KRP) over the past three months, with a recent negative shift in sentiment as the average 12-month price target was decreased by 4.25% to $20.75. The company faces challenges in revenue growth, net margin, ROE, and ROA, but has a sound debt-to-equity ratio. Analysts from Truist Securities, Raymond James, Keybanc, and Stifel have adjusted their ratings and price targets, reflecting their latest views on the company's performance and market conditions.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 4:00 pm

F

GM

Ford Motor Co (NYSE:F) shares are trading higher, likely in response to General Motors Co's (NYSE:GM) strong quarterly results. GM reported Q4 revenue of $43 billion and adjusted earnings of $1.24 per share, surpassing estimates. GM's positive guidance for 2024 also contributed to its stock surge. Ford is expected to report its Q4 results on Feb. 6 with an anticipated EPS of 13 cents on $40.142 billion revenue. Analysts rate Ford as Neutral, and its stock has risen 17.47% over the past three months.

Portfolio Pulse from Adam Eckert

January 30, 2024 | 3:57 pm

PII

Polaris Inc. (NYSE:PII) reported Q4 FY23 sales of $2.289 billion, slightly above estimates but with a 5% year-on-year decline. Adjusted EPS of $1.98 missed estimates of $2.57. The company experienced lower volume, higher promotional spending, and higher finance interest, leading to a 287 basis point decrease in adjusted gross profit margin. Operating expenses increased, and the company anticipates a 5%-7% sales decline and a 10%-15% drop in adjusted EPS for 2024. PII shares fell by 3.14% after the earnings release.

Portfolio Pulse from Nabaparna Bhattacharya

January 30, 2024 | 3:54 pm

ITRM

Iterum Therapeutics PLC (NASDAQ:ITRM) shares are trending after announcing positive topline results from its Phase 3 Reassure trial, meeting the primary endpoint of non-inferiority to Augmentin. The company plans to resubmit its NDA for oral sulopenem in Q2 2024 and is exploring strategic options to maximize stakeholder value. The stock is experiencing heavy trading volume, significantly above its 100-day average.

Portfolio Pulse from Erica Kollmann

January 30, 2024 | 3:47 pm

INTC

QCOM

TXN

Qualcomm Inc (NASDAQ:QCOM) is set to report Q1 earnings on Jan. 31 with expectations of $2.37 EPS and $9.51 billion in revenues. Analysts are focusing on Qualcomm's growth in the automotive sector, AI capabilities, and stock valuation. The company's Snapdragon 8 Gen 3 chips and Oryon series for laptops show its competitive edge. Qualcomm's automotive business grew 23% sequentially in fiscal Q4, and its AI technology is expected to drive demand for semiconductor chips. Despite a forward P/E of 14.21, lower than peers Intel (NASDAQ:INTC) and Texas Instruments (NASDAQ:TXN), Qualcomm is seen as undervalued. Analysts maintain a Buy rating with a price target of $135.97, with recent targets up to $175. Qualcomm's stock closed at $150.44 on Jan. 29.

Portfolio Pulse from Surbhi Jain

January 30, 2024 | 3:20 pm

GLW

Corning Incorporated's stock (GLW) is trading higher despite the company reporting mixed results for the fourth quarter. The earnings report showed a combination of positive and negative financial outcomes, but the market reaction suggests that investors may be focusing on the positive aspects or have expectations of future growth.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 3:18 pm

DHR

Danaher Corporation's stock is trading higher after the company reported better-than-expected financial results for the fourth quarter.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 3:15 pm

FDX

UPS

FedEx (FDX) shares are trading lower due to negative sentiment following UPS's report of disappointing Q4 sales and FY24 sales guidance below expectations.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 3:11 pm

CVLT

GM

HCA

KURA

SANM

General Motors Company (GM) reported Q4 FY23 sales of $42.98 billion, slightly down by 0.3% YoY but surpassing estimates of $38.97 billion. Adjusted EPS of $1.24 also beat the consensus of $1.16, leading to a 7.6% rise in GM shares. Other companies like Sanmina Corporation (SANM), Kura Oncology (KURA), Commvault Systems (CVLT), and HCA Healthcare (HCA) also saw stock gains after reporting strong financial results or receiving positive analyst coverage.

Portfolio Pulse from Avi Kapoor

January 30, 2024 | 3:10 pm