Streetbeat News

Earnings

SMSI

Smith Micro Software (NASDAQ:SMSI) is scheduled to release its quarterly earnings report on February 22, 2024. Analysts predict an EPS of $-0.02. The company's past earnings performance shows mixed results with both beats and misses, leading to significant price changes. Shares are currently trading at $0.8052, down 72.78% over the last 52 weeks. Investors are looking for positive guidance for the next quarter.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 8:01 pm

TALK

Talkspace (NASDAQ:TALK) is scheduled to release its quarterly earnings report on February 22, 2024, with an expected EPS of $-0.03. Analysts and investors are keen on not just the earnings beat or miss but also the company's guidance for future growth. Talkspace's past earnings performance shows a mixed impact on its stock price post-earnings announcement. The stock has seen a significant 150.08% increase over the last 52 weeks, trading at $2.47 as of February 20.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 8:01 pm

PLNT

Planet Fitness (NYSE:PLNT) is scheduled to release its quarterly earnings report on February 22, 2024, with analysts expecting an EPS of $0.58. Historical data shows mixed reactions to past earnings, with the stock price sometimes dropping despite beating EPS estimates. Shares are currently trading at $65.49, down 21.2% over the last year, indicating a bearish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 8:01 pm

RIVN

SPRX

Rivian Automotive, Inc (NASDAQ:RIVN) is trading lower ahead of its Q4 earnings, with analysts expecting a loss of $1.32 per share on revenues of $1.262 billion. Barclays downgraded Rivian's stock, and the company's stock performance has been volatile around earnings reports. The Spear Alpha ETF (NASDAQ:SPRX), which includes Rivian among its holdings, offers a diversified investment option. Rivian's technical analysis shows a neutral stance with potential for movement post-earnings.

Portfolio Pulse from Melanie Schaffer

February 21, 2024 | 7:59 pm

NVDA

SPRX

Ahead of Nvidia's Q4 earnings, the stock is experiencing a slight decline. Analysts predict earnings of $4.53 per share on revenues of $20.24 billion. Cantor Fitzgerald and Rosenblatt have reiterated their positive ratings with significant price targets. Nvidia's technical analysis shows neutrality with potential for both bullish and bearish movements post-earnings. The Spear Alpha ETF, which includes Nvidia as a major holding, offers an alternative for diversified investment. Nvidia's recent price movements and technical indicators suggest a possible short-term direction post-earnings.

Portfolio Pulse from Melanie Schaffer

February 21, 2024 | 7:48 pm

FQVLF

First Quantum Minerals reported a Q4 2023 loss of $1.44 billion, largely due to the closure of its Cobre Panama mine, leading to a 28% drop in copper production. Despite this, the company remains optimistic, implementing cost-saving measures, refinancing debt, and exploring strategic investments. The company's full-year net profit was $1.29 billion, down $900 million from 2022. Management is hopeful for the mine's future post-May general elections.

Portfolio Pulse from Stjepan Kalinic

February 21, 2024 | 7:43 pm

CYH

MAX

MOTS

PANW

THRM

UCAR

U.S. stocks traded lower with the Nasdaq Composite down 1.06%. Energy shares rose by 1.7%, while information technology shares fell by 1.7%. FOMC minutes highlighted the Federal Reserve's cautious stance on interest rate reductions. MediaAlpha, Gentherm, and Motus GI Holdings saw significant stock increases following positive financial results and patent news, respectively. Conversely, Palo Alto Networks, U Power, and Community Health Systems experienced notable declines due to disappointing guidance and financial results.

Portfolio Pulse from Avi Kapoor

February 21, 2024 | 7:42 pm

NVDA

NVIDIA shares are trading lower due to market volatility ahead of its Q4 earnings report.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 7:36 pm

NAX

MediaAlpha, Inc. (NYSE:NAX) reported better than expected Q4 results, with a GAAP loss of 5 cents per share against estimates of 18 cents and sales of $117.17 million versus estimates of $111.52 million. The company attributes the success to its Property & Casualty insurance vertical and anticipates Q1 Transaction Value to nearly double sequentially. MediaAlpha forecasts Q1 2024 revenue between $105 million and $115 million, with adjusted EBITDA between $9.5 million and $11.5 million. Following the report, shares surged 22.7% to $19.38. Analysts from Canaccord Genuity and RBC Capital raised their price targets on MediaAlpha.

Portfolio Pulse from Avi Kapoor

February 21, 2024 | 7:31 pm

CAVA

Market whales have shown a bullish stance on Cava Group (NYSE:CAVA), with 62% of recent options trades being bullish and 37% bearish. The trades include 6 puts and 2 calls, with a focus on a price band between $20.0 and $55.0. Cava Group's stock is currently down by -5.41%, trading at $51.25, with an RSI indicating a neutral position. The next earnings report is due in 6 days.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 7:30 pm