Streetbeat News

Earnings

JKHY

Jack Henry & Associates reported a Q2 deconversion revenue of $4.9 million.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 9:12 pm

GM

General Motors Company (NYSE:GM) is set to report Q4 financial results on Jan. 30. Analysts estimate Q4 revenue at $38.97 billion and earnings per share of $1.16. GM has surpassed revenue and earnings estimates for six and five consecutive quarters, respectively. Mizuho Securities upgraded GM from Neutral to Buy with a price target increase from $38 to $42, citing cost reductions and a strategic EV ramp-up. Barclays and Wolfe Research also provided positive ratings, while Redbush Atlantic initiated with a Neutral rating. The UAW strike's impact, cost-saving measures, and EV strategy will be key topics during the earnings call. GM's Bolt was the third bestselling EV in the U.S., with sales up 65.2% year-over-year. GM has opted out of a Super Bowl ad this year, reflecting a cost-saving decision.

Portfolio Pulse from Chris Katje

January 29, 2024 | 9:11 pm

CSWC

Capital Southwest (NASDAQ:CSWC) reported Q3 earnings of $0.70 per share, surpassing the consensus estimate of $0.66, marking a 12.9% increase from the previous year. Sales reached $48.57M, exceeding estimates of $45.13M and showing a 48.22% increase year-over-year.

Portfolio Pulse from mahesh@benzinga.com

January 29, 2024 | 9:10 pm

HITI

High Tide (NASDAQ:HITI) reported Q4 earnings with an EPS of $0.03, surpassing the estimated EPS of $-0.03 by 200%. Revenue increased by $12.25 million compared to the same period last year. Despite missing EPS estimates last quarter and experiencing a subsequent 13.78% share price drop, this quarter's performance shows a significant improvement.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 9:10 pm

HTLF

Heartland Financial USA (NASDAQ:HTLF) reported Q4 earnings with an EPS of $1.06, missing estimates by 3.64% against the expected $1.1. Revenue declined by $10.85 million compared to the same period last year. The company's stock price dropped by 5.19% the day after missing EPS estimates last quarter.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 9:10 pm

SMCI

Super Micro Computer (NASDAQ:SMCI) reported Q2 earnings with an EPS of $5.59, beating estimates by 13.39% and showing a revenue increase of $1.86 billion year-over-year. Despite beating last quarter's EPS estimate, the stock dropped by 2.53% the following day. The company provided Q2 2024 guidance with expected earnings between $5.4 and $5.55 per share.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 9:10 pm

WHR

Whirlpool Corporation (NYSE:WHR) reported Q4 earnings with an EPS of $3.85, surpassing the estimate of $3.56 by 8.15%. Revenue increased by $165 million compared to the same period last year. Despite beating EPS estimates last quarter, WHR's share price fell by 15.83% the following day.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 9:10 pm

FFIV

F5 Networks reported its Q1 2024 adjusted earnings per share (EPS) at $3.43, surpassing the analyst estimate of $3.04. Sales for the quarter were $693 million, also exceeding the expected $685.34 million.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 9:10 pm

HITI

High Tide Inc. (NASDAQ:HITI) reported Q4 earnings of $0.03 per share, surpassing the consensus estimate of $(0.03) by 200%. The earnings represent a significant improvement from a $(0.05) loss per share in the same quarter last year. Quarterly sales reached $93.64 million, slightly exceeding expectations of $92.93 million and marking a 15.05% increase from $81.39 million in the prior year's quarter.

Portfolio Pulse from bharat@benzinga.com

January 29, 2024 | 9:10 pm

CLF

Cleveland-Cliffs anticipates an increase in steel shipment volumes for FY24 to 16.5 million net tons compared to 16.4 million net tons in 2023. The company also expects its Q1 adjusted EBITDA to significantly surpass the previous quarter's performance.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 9:09 pm