Streetbeat News

Earnings

ADM

Shares of Archer-Daniels-Midland Company (NYSE:ADM) fell after the company placed its CFO on administrative leave and revised its FY23 outlook. The move follows an investigation into accounting practices in its nutrition segment, prompted by a request from the SEC. ADM is cooperating with the SEC and has appointed Ismael Roig as interim CFO. The company now expects adjusted EPS above $6.90, below the consensus of $7.28, and has withdrawn its nutrition segment outlook. ADM will also delay its Q4 earnings release and Form 10-K filing. ADM shares dropped 20.2% to $54.44.

Portfolio Pulse from Lekha Gupta

January 22, 2024 | 4:24 pm

NFLX

Netflix Inc (NASDAQ:NFLX) is set to report Q4 earnings on Jan. 23 with expectations of $2.22 EPS and $8.71 billion in revenues. Analysts will focus on the impact of reduced per-member revenue and higher costs, as well as the effectiveness of 2023 strategies like password sharing crackdown and ad-based subscriptions. The stock is currently rated a Buy with a target price of $452.11, and it was trading at $488.25.

Portfolio Pulse from Surbhi Jain

January 22, 2024 | 4:08 pm

LRN

Stride (NYSE:LRN) is expected to report an EPS of $1.31 in its upcoming quarterly earnings on Tuesday, 2024-01-23. Investors are looking for a beat on this estimate and positive guidance for future growth. Historically, Stride has seen significant share price movements following earnings beats, with last quarter's beat resulting in an 18.02% share price increase. Over the past year, Stride's shares have risen by 95.72%, indicating a bullish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 4:01 pm

CNI

Canadian National Railway (NYSE:CNI) is expected to release its quarterly earnings report on January 23, 2024. Analysts predict an EPS of $1.46. Investors are looking for an earnings beat and positive guidance for future growth. Historically, CNI's stock price has shown sensitivity to earnings performance and guidance rather than just earnings beats or misses. Last quarter, CNI beat the EPS estimate by $0.01, resulting in a 0.54% stock price increase the following day. Over the past year, CNI shares have risen by 1.39%, with the stock currently trading at $126.15.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 4:01 pm

STLD

Steel Dynamics (NASDAQ:STLD) is scheduled to release its quarterly earnings report on Tuesday, 2024-01-23, with analysts estimating an EPS of $2.66. Investors are looking for an earnings beat and positive guidance for future growth. Historically, the company's stock price has been sensitive to earnings performance and guidance. Last quarter, STLD missed EPS estimates by $0.01, resulting in a 4.07% share price drop the following day. Over the last 52 weeks, STLD shares have increased by 5.67%, trading at $112.86 as of January 19.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 4:01 pm

F

The article provides a performance comparison of Ford Motor Co (NYSE:F) against its competitors in the Automobiles industry. It highlights Ford's lower-than-average financial metrics such as P/E, P/B, P/S ratios, ROE, EBITDA, gross profit, and revenue growth. Ford's market share is expected to increase post-chip shortage, and it operates its combustion engine and BEV businesses separately. The company's high debt-to-equity ratio is noted as a potential risk. The analysis suggests Ford may be undervalued but faces challenges in profitability and growth.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 4:01 pm

ISRG

Intuitive Surgical (NASDAQ:ISRG) is expected to release its quarterly earnings report on January 23, 2024, with an estimated EPS of $1.48. Investors are looking for an earnings beat and positive guidance for future growth. Historically, the company's stock price has been sensitive to earnings performance and guidance rather than just meeting or beating estimates. Last quarter, ISRG beat the EPS estimate but saw a 2.39% drop in share price the following day. Over the past year, ISRG shares have increased by 46.58%, with the stock trading at $374.82 as of January 19.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 4:01 pm

RTX

Raytheon Technologies (NYSE:RTX) is scheduled to release its quarterly earnings report on January 23, 2024. Analysts predict an EPS of $1.25. Investors are looking for an earnings beat and positive guidance for future growth. Historically, RTX's stock price has shown modest reactions to earnings beats or misses. The stock is currently trading at $85.53, down 13.56% over the last year. The upcoming earnings report could influence the stock's performance, especially if the company's financial results and guidance differ from market expectations.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 4:01 pm

HAL

Halliburton (NYSE:HAL) is expected to release its quarterly earnings report on Tuesday, 2024-01-23, with analysts estimating an EPS of $0.80. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, Halliburton's stock price has shown modest reactions to earnings beats and misses. The stock is currently trading at $33.97, down 13.87% over the last 52 weeks, indicating a bearish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 4:01 pm

PFE

The analysis compares Pfizer (NYSE:PFE) to its competitors in the Pharmaceuticals industry, focusing on financial metrics like P/E, P/B, P/S ratios, ROE, EBITDA, gross profit, and revenue growth. Pfizer's metrics suggest potential undervaluation and lower profitability compared to the industry average. The company's low debt-to-equity ratio indicates a stronger financial position relative to its top 4 peers.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 4:01 pm