Streetbeat News

Earnings

LPL

LG Display Co (NYSE:LPL) is scheduled to release its quarterly earnings report on January 24, 2024. Analysts predict an EPS of $-0.06. Investors are looking for an earnings beat and positive guidance for future growth. Historically, LG Display Co's stock price has been sensitive to earnings performance and guidance. The stock is currently trading at $4.95, down 6.31% over the last 52 weeks. Past earnings have shown a mix of negative and positive impacts on the stock price post-announcement.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 4:00 pm

DNA

Ginkgo Bioworks Holdings (NYSE:DNA) has received mixed reviews from financial analysts, with 2 bearish and 2 indifferent ratings in the past quarter. The average 12-month price target is $1.8, up from the previous $1.25, with a high estimate of $2.50 and a low of $1.10. Goldman Sachs analyst Matthew Sykes lowered the price target to $1.10 from $1.25, maintaining a 'Sell' rating, while Raymond James analyst Rahul Sarugaser announced a 'Market Perform' rating with a $2.50 target. Ginkgo Bioworks faces challenges with a -16.52% revenue decline, a net margin of -546.44%, and an ROE of -21.98%, but maintains a low debt-to-equity ratio of 0.32.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 4:00 pm

SEMR

SEMrush Hldgs (NYSE:SEMR) received mixed analyst ratings over the past three months, with 1 bullish and 3 indifferent ratings. The average 12-month price target is $12.75, up from $11.67, with a high of $15.00 and a low of $10.00. Analysts from Goldman Sachs, Piper Sandler, Needham, and Morgan Stanley have updated their ratings and price targets. SEMrush's financials show strong market capitalization, revenue growth, net margin, ROE, ROA, and a low debt-to-equity ratio, indicating solid financial health and market confidence.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 4:00 pm

BA

UAL

United Airlines President revealed during a conference call that the Boeing 737 Max 9 aircraft make up approximately 8% of the airline's capacity in the first quarter.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 3:46 pm

UAL

United Airlines CEO stated in a conference call that the company's revenues will adapt to the new cost reality. The CEO also expressed confidence that United will be able to maintain and grow its earnings per share (EPS) and profit margins.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 3:45 pm

UAL

United Airlines CEO stated in a conference call that the company has managed to offset higher-than-expected costs with higher-than-expected revenue, despite industry-wide cost pressures leading to increased CASM-ex. The CEO also mentioned that supply chain challenges are expected to persist for the foreseeable future.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 3:44 pm

GATX

GATX Corporation (NYSE:GATX) reported Q4 revenues of $368.70 million, surpassing estimates of $365.40 million, and adjusted EPS of $1.74, beating the consensus of $1.58. The company saw significant growth in non-dedicated engine revenue and provided a positive 2024 earnings guidance of $7.30–$7.70 per share, above the expected $7.00. Shares rose by 6.80% to $126.71 following the news.

Portfolio Pulse from Nabaparna Bhattacharya

January 23, 2024 | 3:44 pm

BABA

PG

RTX

VZ

Verizon Communications Inc. (VZ) shares rose 5.7% after reporting Q4 financial results that surpassed expectations with a slight sales decline but higher EPS. Other stocks also moved higher, including RTX Corporation (RTX) after strong Q4 results and a positive FY24 EPS outlook, and The Procter & Gamble Company (PG) following upbeat earnings. Chinese stocks like Alibaba Group Holding Limited (BABA) traded higher amid reports of a potential stock market rescue package in China.

Portfolio Pulse from Avi Kapoor

January 23, 2024 | 3:32 pm

DHI

D.R. Horton, Inc (NYSE:DHI) reported Q1 fiscal 2024 sales growth of 7% Y/Y to $7.73 billion, beating estimates. Net sales orders rose 35% to 18,069 homes, and homes closed increased 12% Y/Y. However, EPS of $2.82 missed the consensus by $0.06. The sales order backlog and inventory of unsold homes decreased, and net cash used in operations was $(153.4) million, a significant drop from the previous year's cash flow. The company declared a quarterly dividend and updated its fiscal 2024 outlook, slightly raising revenue and homes closed projections. Despite positive sales growth, shares dropped by 8.06% due to the EPS miss and concerns over cash flow and inventory levels.

Portfolio Pulse from Akanksha Bakshi

January 23, 2024 | 3:31 pm

PRPO

Precipio, Inc. (NASDAQ:PRPO) reported a significant reduction in its Cash Burn From Operations (CBFO) for Q4-2023, dropping below $100K, a more than 90% decrease from the previous quarter. The company's end-of-quarter cash balance decreased slightly from $1.5M to $1.4M. Despite this progress, management cautions that Q1-2024 may not show similar results due to seasonal declines in the pathology business and insurance payment delays. However, the Q4 results demonstrate Precipio's potential to reach cash flow breakeven and the company's confidence in its business model and market share growth.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 3:06 pm