Streetbeat News

Earnings

HST

Six analysts have recently updated their ratings on Host Hotels & Resorts (NASDAQ:HST), with a mix of bullish and neutral stances. The average 12-month price target is now $21.83, up from the previous $20.00, indicating a positive sentiment. Host Hotels & Resorts has shown strong financial performance with a revenue growth of 2.1%, a net margin of 9.14%, an ROE of 1.6%, and an ROA of 0.9%. The company's debt-to-equity ratio is below the industry average at 0.7. Host has also divested from joint ventures in Europe, Asia, and the US, focusing on its core portfolio of upper-upscale and luxury hotels, primarily under Marriott and Starwood brands.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 4:00 pm

NOK

Nokia (NYSE:NOK) is scheduled to release its quarterly earnings report on January 25, 2024. Analysts predict an EPS of $0.15. Investors are looking for an earnings beat and positive guidance for future growth. Nokia's stock performance has been negative over the past year, with shares down 28.9%. The company's past earnings have shown a mix of misses and beats, with corresponding share price movements.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 4:00 pm

VTLE

Vital Energy (NYSE:VTLE) has been the subject of varying analyst opinions over the past three months, with 11 analysts offering ratings that range from bullish to bearish. The average 12-month price target for VTLE has decreased by 14.86% to $61.55, with a high estimate of $86.00 and a low of $48.00. Analysts have adjusted their ratings and price targets in response to market conditions and company performance, with some lowering their stance and price targets, while others have raised or announced new ratings. Vital Energy's financials show challenges in revenue growth, profitability, and debt management, with revenue declining by -6.16% over a three-month period and net margin and ROE below industry averages.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 4:00 pm

STLD

Steel Dynamics (NASDAQ:STLD) received mixed ratings from 4 financial analysts, with 3 indifferent and 1 somewhat bearish over the last quarter. The average 12-month price target is $111.25, up from $104.67, with a high of $120.00 and a low of $98.00. Analysts from UBS, JP Morgan, and Morgan Stanley have adjusted their price targets and ratings, reflecting changes in market conditions and company performance. Despite a revenue decline of -18.84% for the quarter ending September 30, 2023, Steel Dynamics has a strong net margin of 12.58%, an ROE of 6.56%, an ROA of 3.92%, and a low debt-to-equity ratio of 0.35.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 4:00 pm

NFLX

ROKU

Roku Inc (NASDAQ:ROKU) experienced volatility after Netflix Inc (NASDAQ:NFLX) reported Q4 results. Netflix's revenue beat estimates but earnings per share fell short. Netflix's growth in subscribers and plans to expand its ad-supported tier could benefit Roku, which thrives on advertising trends and partnerships with streaming companies. Roku's stock saw an initial rise but pulled back, with a slight gain by publication time. Roku is set to report Q4 results in early February.

Portfolio Pulse from Adam Eckert

January 24, 2024 | 3:53 pm

EDU

New Oriental Education & Technology Group, Inc. (NYSE:EDU) reported Q2 revenue of $869.60 million, a 36.3% increase year over year, surpassing analyst expectations of $814.07 million. The growth was attributed to new business initiatives and e-commerce. Adjusted net income per ADS was $0.29, matching consensus. Operating income turned positive at $21.3 million, and non-GAAP operating margin improved to 5.9%. The company expanded its number of schools and learning centers and saw strong growth in overseas test preparation and consulting businesses. Operating cash flow was positive at $300.6 million, with cash reserves totaling $4.8 billion. The Q3 revenue outlook is set between $1.071 billion and $1.093 billion, well above the analyst consensus of $935.92 million. EDU shares rose 7.7% to $77.57.

Portfolio Pulse from Nabaparna Bhattacharya

January 24, 2024 | 3:49 pm

MNRO

Monro, Inc. (MNRO) shares have risen following the announcement of their third-quarter financial results. The positive market reaction suggests that the results were better than expected, leading to increased investor confidence in the company's performance.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 3:47 pm

WBS

Webster Financial's stock (WBS) is trading higher after the company reported earnings on Tuesday. The positive movement continued following an upgrade to Overweight by JP Morgan on Wednesday.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 3:46 pm

LMT

Lockheed Martin Corp (LMT) reported Q4 earnings with an 8.82% earnings surprise and a 5.03% revenue surprise, reaching a record backlog of $160.6 billion and sales of $67.6 billion. However, potential delays in F-35 jet deliveries due to software issues caused LMT stock to drop by 3.9%. Despite this, a Golden Cross technical signal suggests bullish sentiment, and analysts from Morgan Stanley, JPMorgan, and Citigroup have set target prices of $510, $481, and $540, respectively.

Portfolio Pulse from Surbhi Jain

January 24, 2024 | 3:46 pm

AAPL

AMD

AMZN

EBAY

GBTC

GOOGL

LMT

NFLX

TSLA

TXN

Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin are in the red, with Grayscale Bitcoin Trust (GBTC) continuing to bleed. Netflix hints at future price hikes. Texas Instruments reported Q4 results alongside other stocks moving lower in pre-market. US and world politics feature Trump and Biden's remarks, Turkey's NATO move, and North Korea's missile tests. China urges hedge funds to limit short selling. Tech companies like eBay, AMD, ASML, SAP, Amazon, Apple, and Alphabet see various developments. Electric vehicle news includes Tesla's upcoming earnings and job openings, Polestar, and Ford's USPS fleet. Netflix may raise prices and is praised for Q4 results. Lockheed Martin and Boeing face challenges in the industrial sector.

Portfolio Pulse from Akanksha Bakshi

January 24, 2024 | 3:32 pm