Streetbeat News

Earnings

FANG

Diamondback Energy (NASDAQ:FANG) reported Q4 adjusted earnings of $4.74 per share, surpassing the consensus estimate of $4.66. Quarterly sales reached $2.23 billion, exceeding the $2.17 billion estimate and marking a 9.75% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 9:03 pm

HALO

Halozyme Therapeutics (NASDAQ:HALO) reported Q4 adjusted EPS of $0.82, missing the $0.83 estimate, and sales of $230.04M, missing the $233.19M estimate. This represents a 70.83% increase in earnings and a 26.75% increase in sales from the same period last year.

Portfolio Pulse from saritha@benzinga.com

February 20, 2024 | 9:03 pm

CZR

Caesars Entertainment (CZR) reported Q4 2023 GAAP EPS of $(0.34), missing the $(0.07) estimate by 385.71%. Quarterly sales were $2.83 billion, slightly below the $2.85 billion estimate, marking a 0.32% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 9:02 pm

CHK

Chesapeake Energy (CHK) reported Q4 2023 adjusted earnings per share (EPS) of $1.31, surpassing the analyst consensus estimate of $0.73 by 79.45%.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 9:01 pm

CZR

Caesars Entertainment (NASDAQ:CZR) reported Q4 sales of $2.83 billion, missing the analyst consensus estimate of $2.85 billion by 0.68%. This represents a 0.32% increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 9:01 pm

NVDA

Josh Brown of Ritholtz Wealth Management highlighted the critical importance of the market's reaction to Nvidia's upcoming Q4 earnings report. Nvidia, having led market gains in 2023 with a 239% increase due to optimism around AI, faces high expectations. Despite potential strong earnings, Brown warns that an underwhelming market reaction could negatively impact the Nasdaq. He referred to Nvidia as 'the most crowded trade on Earth' and suggested that even a great report resulting in a modest share price increase could psychologically damage tech sector sentiment. Nvidia shares and the Nasdaq have already seen declines since Brown expressed concerns about market tops.

Portfolio Pulse from Adam Eckert

February 20, 2024 | 8:37 pm

MRVL

Recent options trading activity for Marvell Tech (NASDAQ:MRVL) shows a bullish sentiment among investors, with 60% of trades being bullish and 40% bearish. The trading activity suggests a target price range of $42.5 to $77.5 for the next three months. The largest options trades indicate a mix of bullish and bearish sentiments for different expiration dates and strike prices. Marvell Technology, a leading fabless chip designer, currently has its stock price at $65.45, down by -1.27%, with an upcoming earnings report in 16 days. An analyst from Cantor Fitzgerald recently downgraded the stock to Overweight with a target price of $80.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 8:15 pm

ESEA

Euroseas (NASDAQ:ESEA) is scheduled to release its quarterly earnings report on February 21, 2024, with an estimated EPS of $3.50. Historical data shows mixed reactions to past earnings, with the last quarter beating estimates but resulting in a 1.69% share price drop. Shares are currently at $35.73, up 89.57% over the last year. Investors are looking for not just an earnings beat but also positive future guidance.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 8:01 pm

GASS

StealthGas (NASDAQ:GASS) is scheduled to release its quarterly earnings report on February 21, 2024, with analysts estimating an EPS of $0.30. Historical data shows that the company's stock price reacts more significantly to guidance than to earnings beats or misses. Last quarter, StealthGas beat the EPS estimate by $0.01, leading to a 10.76% increase in share price the following day. Over the last year, GASS shares have risen by 146.54%, indicating a bullish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 8:01 pm

SNES

SenesTech (NASDAQ:SNES) is scheduled to release its quarterly earnings report on February 21, 2024, with an expected EPS of $-0.44. The company's past earnings performance shows a history of both beating and missing EPS estimates, with significant share price fluctuations following the announcements. Shares of SenesTech have declined 95.32% over the last 52 weeks, indicating a challenging period for the company. Investors are looking for positive guidance for the next quarter.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 8:01 pm