Streetbeat News

Earnings

CTSH

Cognizant Tech Solns (NASDAQ:CTSH) has received mixed analyst ratings over the past quarter, with 12 analysts offering diverse opinions. The average 12-month price target is $74.83, up from the previous $73.00, with a high estimate of $90.00 and a low of $65.00. Analysts from firms like Barclays, Citigroup, and Jefferies have raised their price targets, while others from BMO Capital, JP Morgan, and Morgan Stanley have lowered theirs. Cognizant's financial performance shows a positive revenue trend, an impressive net margin, and strong ROA, but a below-average ROE and a conservative debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 3:00 pm

ALLY

SYF

Synchrony Financial (NYSE:SYF) reported Q4 sales of $4.466 billion, matching consensus estimates, with a net interest income increase of 9% Y/Y. Loan receivables and purchase volume also saw growth. However, provisions for credit losses rose significantly, and net earnings fell to $440 million, with EPS beating consensus. The efficiency ratio improved to 36%, and the company repurchased $250 million in shares. Synchrony expects 6%-8% loan receivable growth and $17.5-$18.5 billion in net interest income for FY24. The company also acquired Ally Financial's point-of-sale financing business. SYF shares dropped 1.19% to $37.32.

Portfolio Pulse from Lekha Gupta

January 23, 2024 | 2:58 pm

MCBS

MetroCity Bankshares (NASDAQ:MCBS) reported Q4 earnings with an EPS of $0.44, missing estimates by 8.33% against the expected $0.48. Revenue increased by $99 thousand compared to the same period last year. The company's share price dropped by 0.76% the day after missing EPS estimates last quarter.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 2:45 pm

DTC

GTIM

MLR

SCVL

TOL

The article provides an overview of notable value stocks in the consumer cyclical sector, focusing on companies with low P/E ratios. Good Times Restaurants (GTIM), Miller Industries (MLR), Shoe Carnival (SCVL), Toll Brothers (TOL), and Solo Brands (DTC) are highlighted as value stocks. The article includes recent earnings per share data and dividend yield changes for these companies, indicating their financial performance and potential attractiveness to value investors. The analysis by Benzinga Insights is based on quantified analysis but is not a final investment decision.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 2:43 pm

NFLX

Netflix, Inc. (NASDAQ:NFLX) is anticipated to report Q4 earnings of $2.22 per share, a significant increase from $0.12 in the previous year. Revenue is expected to be $8.72 billion, up from $7.85 billion. Netflix India saw a 24% revenue increase in FY23. Shares closed up 0.6% at $485.71. Analysts from UBS, Oppenheimer, Goldman Sachs, Wedbush, and Morgan Stanley have updated their price targets for NFLX, with most maintaining positive ratings and higher price targets.

Portfolio Pulse from Avi Kapoor

January 23, 2024 | 2:43 pm

ARW

CLRO

MNDO

SGMA

TSEM

The article provides a list of notable value stocks in the technology sector based on low P/E multiples, indicating potential undervaluation. Companies mentioned include Sigmatron Intl, MIND C.T.I., ClearOne, Tower Semiconductor, and Arrow Electronics. It highlights their recent earnings per share and dividend yield changes, with a caution that value stocks may take time to rebound and there's a risk they may not.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 2:41 pm

IAG

IAMGOLD Corporation reported its Q4 2023 production results, achieving 465,000 ounces of gold, at the top end of its annual guidance. Essakane and Westwood mines exceeded expectations, with Côté Gold commissioning on track for initial production in March 2024. The company will release full financial results on February 15, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 2:40 pm

DTSS

Datasea Inc. (NASDAQ:DTSS) pre-announced an estimated revenue of $18.2M for the first half of FY 2024, marking a significant increase of approximately 1,037.5% YoY. This growth is attributed to the success of their 5G messaging and Acoustic Intelligence businesses. However, these figures are preliminary and subject to change upon completion of standard closing procedures. The final financial statement is scheduled for release on February 14, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 2:36 pm

AAL

American Airlines Group Inc (AAL) stock rose 3.5% to $14.09, likely in response to United Airlines Holdings Inc's positive Q4 financial results, which exceeded analyst expectations. United Airlines reported earnings of $2 per share against a consensus estimate of $1.70, and sales of $13.60 billion, slightly above the $13.54 billion estimate. This positive performance by a peer in the airline industry appears to have had a sympathetic effect on AAL's stock.

Portfolio Pulse from Henry Khederian

January 23, 2024 | 2:28 pm

Verizon Communications Inc (NYSE:VZ) reported Q4 FY23 results with a slight sales decline but beat consensus estimates on both revenue and adjusted EPS. Wireless service revenue grew, driven by TracFone ownership, a premium Unlimited strategy, and pricing actions. The company saw significant postpaid phone and broadband net additions, with the consumer segment showing improved EBITDA margin. Verizon's FY24 outlook projects wireless service revenue growth and an adjusted EPS in line with consensus estimates. VZ shares rose 3.46% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

January 23, 2024 | 2:26 pm