Streetbeat News

Earnings

CFB

CrossFirst Bankshares (NASDAQ:CFB) reported Q4 2023 adjusted earnings per share (EPS) of $0.39, surpassing the analyst consensus estimate of $0.36 by 8.33%.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 9:08 pm

CBNK

Capital Bancorp (NASDAQ:CBNK) reported Q4 earnings of $0.65 per share, surpassing the consensus estimate of $0.62 by 4.84%. This represents a 4.84% increase from the same quarter last year.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 9:06 pm

TRST

Trustco Bank (NASDAQ:TRST) reported Q4 2023 earnings of $0.52 per share, missing the consensus estimate of $0.66 by 21.21%. Quarterly sales were $43.18 million, falling short of the $44.90 million estimate and representing a 100% decrease from $53.96 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 9:06 pm

AGYS

Agilysys (NASDAQ:AGYS) reported Q3 2024 adjusted EPS of $0.35, surpassing the consensus estimate of $0.26 by 34.62%. Sales reached $60.60M, slightly above the $60.07M estimate and marking a 21.39% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 9:05 pm

AGNC

AGNC Investment (NASDAQ:AGNC) reported Q4 earnings with an EPS of $0.6, beating estimates by 3.45% but with a revenue decline of $51M from the previous year. The company has a history of beating EPS estimates, which in the past has led to a share price increase the following day.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 9:05 pm

AGNC

AGNC Investment Corp. reported Q4 earnings of $0.57 per share, missing the consensus estimate of $0.58 by 1.72%. This represents a 22.97% decrease from the $0.74 per share earned in the same quarter the previous year.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 9:02 pm

UAL

United Airlines reported a 14.7% increase in Q4 capacity year-over-year, while the average fuel price per gallon decreased by 11.6% to $3.13 compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 9:02 pm

MDB

MongoDB (NASDAQ:MDB) received mixed ratings from 12 analysts in the past three months, with an updated 12-month average price target of $460.0, reflecting a 6.56% increase from the previous target. Analysts' actions include maintaining, raising, and lowering ratings and price targets. MongoDB's financials show strong revenue growth and market capitalization, with a solid net margin and ROE, but a negative ROA. The company's debt-to-equity ratio is below industry average.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 9:01 pm

UAL

United Airlines Holdings (UAL) reported Q4 2023 adjusted earnings per share (EPS) of $2.00, surpassing the consensus estimate of $1.70 by 17.65%. Quarterly sales reached $13.60 billion, slightly above the estimate of $13.54 billion, marking a 9.68% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 9:00 pm

DIA

QQQ

SPY

Traders have reduced expectations for a March Fed rate cut, with a 58% chance of rates staying the same, but still anticipate six rate cuts by December 2024. Strong economic data, including job growth and retail sales, have dampened immediate rate cut prospects. However, Fed futures suggest an 85% chance of a cut by May and similar odds for June. U.S. stock ETFs like SPY, DIA, and QQQ are trading at all-time highs, buoyed by these rate cut expectations.

Portfolio Pulse from Piero Cingari

January 22, 2024 | 9:00 pm