Streetbeat News

Earnings

NFLX

Netflix Inc (NASDAQ:NFLX) has seen a 16% rise in stock price in 2024 and a 64% increase in 2023, despite challenges like subscription fatigue and competition. Disney's decision to license more TV shows to Netflix is a significant boost to its content library. Netflix has been investing heavily in content, with expenditures over $17 billion, and has introduced measures like cost-cutting, addressing password sharing, and ad-supported tiers to improve profitability. The company's debt exceeds $14 billion, but operating margin is expected to increase to 24%. Post-earnings, the stock opened 9% higher, despite Q4 earnings falling short, indicating investor confidence. Netflix's stock closed at $570.42 on January 26, up by 1.52%.

Portfolio Pulse from Zaheer Anwari

January 29, 2024 | 4:17 pm

CL

Colgate-Palmolive Company (NYSE:CL) reported a 7% year-on-year increase in fourth-quarter FY23 sales to $4.95 billion, surpassing analyst estimates. Non-GAAP EPS was 87 cents, beating the consensus of 80 cents. The company plans to increase brand investment in 2024 and expects FY24 net sales growth of 1%-4%. Analysts from Wells Fargo, UBS, and Raymond James have raised their price targets for Colgate-Palmolive, with Raymond James also upgrading the stock to Outperform.

Portfolio Pulse from Avi Kapoor

January 29, 2024 | 4:07 pm

MOD

Modine Manufacturing (NYSE:MOD) is expected to release its quarterly earnings report on January 30, 2024, with an estimated EPS of $0.59. Investors are looking for an earnings beat and positive guidance for future growth. Despite beating EPS estimates in the past quarters, the stock price has shown mixed reactions. Shares are currently trading at $62.83, up 167.39% over the last 52 weeks.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 4:01 pm

FCF

First Commonwealth (NYSE:FCF) is expected to release its quarterly earnings report on January 30, 2024, with an estimated EPS of $0.39. Investors are looking for an earnings beat and positive guidance for the next quarter. The stock's performance after past earnings releases has been mixed, with the last quarter showing a 2.86% drop after missing EPS estimates by $0.01. Shares are currently trading at $14.78, up 1.8% over the last 52 weeks.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 4:01 pm

ASH

Ashland (NYSE:ASH) is expected to release its quarterly earnings report on Tuesday, 2024-01-30, with an estimated EPS of $0.19. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, Ashland's stock price has been sensitive to earnings performance and guidance. Last quarter, Ashland missed EPS estimates by $0.22, resulting in a 4.85% share price drop. Over the past year, Ashland's shares have decreased by 26.38%.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 4:01 pm

APAM

Artisan Partners Asset (NYSE:APAM) is expected to release its quarterly earnings report on January 30, 2024, with an estimated EPS of $0.74. Investors are looking for an earnings beat and positive guidance for future growth. APAM's stock performance has been positive over the last year, with shares up 14.84%. The stock price reacted variably to past earnings results, with the most recent quarter showing a 2.3% increase after meeting EPS estimates.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 4:01 pm

JNPR

Juniper Networks (NYSE:JNPR) is expected to release its quarterly earnings report on January 30, 2024. Analysts predict an EPS of $0.64. Investors are looking for an earnings beat and positive guidance for future growth. Historically, Juniper's stock price has been sensitive to earnings performance and guidance. Last quarter, JNPR beat the EPS estimate by $0.05, leading to a 6.1% stock price increase. Over the past year, JNPR shares have risen by 15.19%, with the current price at $37.2.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 4:01 pm

SWKS

Skyworks Solutions (NASDAQ:SWKS) is expected to release its quarterly earnings report on January 30, 2024, with an estimated EPS of $1.95. Investors are looking for an earnings beat and positive guidance for future growth. Historically, the company's stock price has been sensitive to earnings performance and guidance. Last quarter, SWKS beat the EPS estimate by $0.10, leading to a 1.73% stock price increase the following day. Over the past year, SWKS shares have declined by 3.64%, indicating potential investor dissatisfaction ahead of the earnings release.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 4:01 pm

JBLU

JetBlue Airways (NASDAQ:JBLU) is scheduled to release its quarterly earnings report on January 30, 2024. Analysts predict an EPS of $-0.28. Investors are looking for an earnings beat and positive guidance for future growth. Historically, JetBlue's stock price has been sensitive to earnings performance and guidance. Last quarter, the company missed EPS estimates, resulting in a 1.86% share price drop. Over the past year, JBLU shares have declined by 31.37%.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 4:01 pm

UNM

Unum Gr (NYSE:UNM) is expected to release its quarterly earnings report on January 30, 2024, with an estimated EPS of $1.86. Investors are looking for an earnings beat and positive guidance for the next quarter. Despite beating EPS estimates last quarter, UNM's stock dropped 13.17% the following day. Over the past year, UNM shares have increased by 13.04%, trading at $47.41 as of January 26.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 4:01 pm