Streetbeat News

Earnings

CLW

Clearwater Paper (NYSE:CLW) is scheduled to release its quarterly earnings report on 2024-02-21, with analysts estimating an EPS of $1.42. The company's past earnings performance shows mixed results, with the last quarter beating estimates but resulting in a 3.4% share price drop. Over the last year, CLW shares have decreased by 7.47%, indicating a bearish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 3:01 pm

CWH

Camping World Holdings (NYSE:CWH) is scheduled to release its quarterly earnings report on February 21, 2024, with analysts expecting an EPS of $-0.53. Historical data shows the company's stock price reacts to earnings beats and guidance. Last quarter, CWH beat the EPS estimate, resulting in a 7.7% stock price increase. Over the last year, CWH shares have risen by 7.35%.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 3:00 pm

APTV

EBAY

HIBB

MPX

VIRC

The article highlights notable value stocks in the consumer cyclical sector, focusing on companies with low P/E ratios, indicating potential undervaluation. eBay, Marine Prods, Aptiv, Virco Mfg, and Hibbett are featured for their financial metrics, including earnings per share and dividend yields. The analysis, based on Benzinga Insights, aims to provide investors with deeper insights into the sector.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 2:42 pm

ARW

GEN

HPQ

IMMR

SURG

The article identifies five technology sector stocks considered as value stocks due to their low P/E multiples: Immersion (IMMR), Arrow Electronics (ARW), Surgepays (SURG), Gen Digital (GEN), and HP (HPQ). It provides recent financial performance details for each, including earnings per share and dividend yields, highlighting their potential undervaluation and the inherent risks of investing in value stocks.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 2:40 pm

CMG

HLT

QSR

SPY

Bill Ackman, founder of Pershing Square Capital Management, earned $610 million in 2023, ranking him No. 7 among hedge fund founders. Pershing Square achieved a 26.7% gain with a focused portfolio of eight stocks, slightly outperforming the S&P 500 but trailing the Nasdaq 100. Top holdings include Chipotle (CMG), Restaurant Brands (QSR), and Hilton (HLT), contributing significantly to the portfolio's performance. Other notable hedge fund earners were Millennium's Izzy Englander and Citadel's Ken Griffin.

Portfolio Pulse from Piero Cingari

February 20, 2024 | 2:32 pm

During a conference call, a Home Depot executive stated that the company is preparing for a year of continued moderation, expecting slightly less pressure on comparable sales (comp sales) than what was experienced in fiscal 2023.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 2:30 pm

Home Depot reported a decrease in total company comp sales by 3.2% and U.S. comp sales by 3.5% for the year. In Q4, the gross margin was approximately 33.1%, a decrease of 20 basis points from the previous year. The annual gross margin was around 33.4%, down 15 basis points, aligning with expectations.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 2:26 pm

MDT

Medtronic Plc (NYSE:MDT) reported a 4.7% Y/Y increase in Q3 2024 sales to $8.1 billion, slightly above the consensus of $7.95 billion. The company announced exiting its unprofitable ventilator product line to focus on profitable growth in its newly combined Acute Care and Monitoring unit. Medtronic also raised its FY 2024 sales growth guidance to 4.75%-5% and adjusted EPS guidance to $5.19-$5.21, surpassing previous estimates and consensus. Shares rose 2.82% in premarket trading.

Portfolio Pulse from Vandana Singh

February 20, 2024 | 2:24 pm

VZIO

WMT

Walmart Inc (NYSE:WMT) reported a Q4 FY24 net sales increase of 5.7% Y/Y to $173.39 billion, surpassing consensus estimates. Adjusted EPS was $1.80, also beating expectations. The company announced a dividend hike and an acquisition of VIZIO Holding Corp (NYSE:VZIO) for approximately $2.3 billion. Walmart's U.S. operations saw significant growth, with eCommerce sales up 17%. The company expects Q1 consolidated net sales growth of 4.0% to 5.0% and adjusted EPS of $1.48 - $1.56. FY25 projections include net sales growth of 3.0% to 4.0% and adjusted EPS of $6.70 - $7.12.

Portfolio Pulse from Anusuya Lahiri

February 20, 2024 | 2:21 pm

LZB

La-Z-Boy Incorporated (NYSE:LZB) is set to release its Q3 fiscal 2024 earnings on Feb. 20, 2024, with analysts expecting a decrease in earnings per share from the previous year. The company recently raised its quarterly dividend and has invested in furniture market showrooms. The article also explains how investors can earn a monthly income from La-Z-Boy's dividends, based on the current annual yield of 2.10%.

Portfolio Pulse from Avi Kapoor

February 20, 2024 | 2:21 pm