Streetbeat News

Earnings

LKFN

Lakeland Financial (NASDAQ:LKFN) reported Q4 earnings of $0.98 per share, surpassing the consensus estimate of $0.89 by 10.11%. However, this represents a 2.97% decrease from the $1.01 per share earned in the same quarter of the previous year.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 1:02 pm

FRME

First Merchants (NASDAQ:FRME) reported Q4 2023 adjusted GAAP EPS of $0.87, which was in line with analyst estimates but represented a 26.89% decrease from the same period last year. Sales for the quarter were $156.51M, falling short of the $165.48M estimate by 5.42% and marking a 9.59% decrease from the previous year's sales.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 1:02 pm

ABT

Analysts have recently provided various updates on Abbott Laboratories (NYSE:ABT), with 4 somewhat bullish ratings in the last three months. The average 12-month price target for ABT has risen to $125.00, up from $117.25. Key analysts from firms like Raymond James and Wells Fargo have raised their price targets, reflecting a positive outlook on the company's performance. Despite a negative revenue trend of -2.56% over the last quarter, Abbott's net margin and ROA are strong, and its debt management is sound. The company is a major player in the healthcare sector, with a diverse product portfolio and significant international sales.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 1:00 pm

UNP

Union Pacific anticipates muted volume growth in FY24 due to the loss of its international intermodal business, decreased demand for coal, and soft economic conditions.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 12:52 pm

IBM

TSLA

IBM shares surged over 7% in pre-market trading after reporting Q4 revenue of $17.38 billion, surpassing estimates of $17.3 billion, driven by hybrid cloud and AI adoption. Adjusted earnings were $3.87 per share, beating the $3.78 estimate. Other stocks showed pre-market movements, with notable gainers including C3is Inc., Charge Enterprises, and Acutus Medical, and losers such as Akoustis Technologies and Tesla, which reported disappointing earnings.

Portfolio Pulse from Avi Kapoor

January 25, 2024 | 12:50 pm

UNP

Union Pacific reported Q4 2023 adjusted earnings per share (EPS) of $2.71, surpassing the estimated $2.57. Sales reached $6.20 billion, also beating the expected $6.05 billion.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 12:48 pm

NEP

NextEra Energy Partners (NEP) maintains its growth projection of 5% to 8% per year in limited partner distributions per unit, aiming for a 6% annual growth target.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 12:47 pm

NEP

NextEra Energy Partners (NEP) reported a Q4 loss of $(0.35) per share from continuing operations, significantly missing the analyst consensus estimate of $0.16 per share. This represents a decline from the $0.31 per share earnings in the same quarter of the previous year. Additionally, NEP's quarterly sales were $232.00 million, falling short of the consensus estimate of $343.45 million by 32.45%.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 12:46 pm

BHLB

Berkshire Hills Bancorp reported non-operating expenses of $3.7 million, mainly due to severance charges from workforce reduction.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 12:42 pm

FROG

JBHT

OSS

VEEV

Insiders at J.B. Hunt Transport, One Stop Systems, Veeva Systems, and JFrog have recently sold shares of their companies. While insider sales can be part of preplanned strategies, they can also suggest concerns about the company's prospects or that the stock may be overvalued. J.B. Hunt reported a 9% Y/Y decline in Q4 revenue but beat consensus estimates. One Stop Systems expanded its relationship with FLYHT for a 5G enabled solution. Veeva Systems received a price target increase from Keybanc, and JFrog had its price target raised by Needham.

Portfolio Pulse from Avi Kapoor

January 25, 2024 | 12:39 pm