Streetbeat News

Earnings

SPOK

Spok Holdings (NASDAQ:SPOK) is scheduled to release its quarterly earnings report on February 21, 2024, with analysts expecting an EPS of $0.13. The company's past performance shows a history of beating EPS estimates, which has positively impacted its share price. Shares of Spok Holdings have seen a 70.11% increase over the last 52 weeks, indicating a bullish sentiment among long-term shareholders. Investors will be keenly watching for not only the earnings results but also the company's guidance for future growth.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 8:01 pm

DINO

HF Sinclair (NYSE:DINO) is scheduled to release its quarterly earnings report on February 21, 2024, with analysts expecting an EPS of $0.72. The company's past earnings performance shows a mixed impact on its stock price following earnings announcements. Shares of HF Sinclair have increased by 11.73% over the last 52 weeks, indicating a generally positive sentiment among long-term shareholders ahead of the earnings release.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 8:01 pm

MD

Pediatrix Medical's shares are trading lower following the announcement of their Q4 financial results, which did not meet expectations.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 7:43 pm

BFRI

FLR

MEDS

MNPR

RAPT

SMMT

U.S. stocks traded lower with the Nasdaq Composite down over 200 points. Consumer staples shares rose by 1.2%, while information technology shares fell by 1.8%. The Conference Board's Leading Economic Index fell 0.4% for January. Monopar Therapeutics, Biofrontera, and TRxADE HEALTH saw significant stock increases due to positive company news. Conversely, RAPT Therapeutics, Summit Therapeutics, and Fluor Corporation experienced notable declines following negative developments.

Portfolio Pulse from Avi Kapoor

February 20, 2024 | 7:33 pm

SQ

J.P.Morgan analyst Tien-tsin Huang maintains an Overweight rating on Block, Inc. (NYSE:SQ) with a $90 target. Block's Q4 earnings are anticipated on February 22, 2024. The focus is on CEO Jack Dorsey's efforts to boost Square's GPV growth and management's commitment to cost management. Huang expects Block to set Rule of 40 targets by 2026, earlier than consensus. U.S. network volumes are expected to decelerate ~1ppt sequentially in Q4, aligning with the forecast. Severe weather in January may affect Q1 outlook, with Square GPV growth projected in the low-double digits for 2024. SQ shares dropped 0.91% to $65.04.

Portfolio Pulse from Nabaparna Bhattacharya

February 20, 2024 | 7:29 pm

NVDA

Nvidia experienced a significant downturn from November 2021 to October 2022 with a 68% decline but rebounded with a 529% increase due to demand in AI and gaming. Its market cap reached $1.8 trillion, establishing it as a major global player. The anticipated Q4 earnings are $4.53 per share, up from last year's $0.88, reflecting investor confidence in Nvidia's future. The stock surged 47% this year, adding to a 234% increase in 2023, and closed at $726.13 after the latest trading session.

Portfolio Pulse from Zaheer Anwari

February 20, 2024 | 7:20 pm

RIVN

Rivian Automotive, Inc. (NASDAQ:RIVN) shares are trading lower ahead of its Q4 earnings report. The company announced expansion into Europe and the unveiling of a new SUV, the R2. Barclays analyst Dan Levy downgraded Rivian's stock from Overweight to Equal-Weight with a price target reduction from $25 to $16, citing a slowdown in the EV market. Rivian is expected to report a loss of $1.32 per share and revenue of $1.262 billion. Analysts have mixed ratings on RIVN, with an average 12-month price target of $20.14.

Portfolio Pulse from Erica Kollmann

February 20, 2024 | 7:12 pm

AIG

CRBG

BofA Securities analyst Joshua Shanker downgraded American International Group Inc (AIG) to Neutral from Buy, despite strong Q4 results, due to anticipated difficulties in 2024 including the impact of selling the Validus reinsurance business to RenaissanceRe and a divestiture plan by Corebridge Financial Inc (CRBG) affecting AIG's EPS. Shanker raised AIG's price target to $77 from $75 but expects a slower trend toward higher investment yields and lower EPS forecasts for the coming years.

Portfolio Pulse from Lekha Gupta

February 20, 2024 | 7:11 pm

USFD

Piper Sandler analyst Brian Mullan upgraded US Foods Holding Corp (USFD) to Overweight from Neutral and raised the price target to $59 from $45, citing potential for the stock to reach high $50s/low $60s in the next 12 months. US Foods reported Q4 revenue of $8.936 billion, surpassing estimates, but missed EPS expectations. Despite potential industry slowdowns due to a recession, USFD is expected to outperform its peers. Mullan also revised revenue and EPS estimates for 2024 and 2025 upwards.

Portfolio Pulse from Lekha Gupta

February 20, 2024 | 7:10 pm

ALK

JBLU

LUV

Deutsche Bank analyst Michael Linenberg upgraded Alaska Air Group Inc (ALK), JetBlue Airways Corp (JBLU), and Southwest Airlines Co (LUV) to Buy, citing a more balanced domestic supply backdrop and various company-specific factors. Linenberg increased price targets for ALK to $51, JBLU to $9, and LUV to $42. The upgrades were based on expectations of benefits from seasonal shaping initiatives for ALK, management changes and activist involvement for JBLU, and network restructuring for LUV. The overall domestic airline industry is expected to see moderate growth in 2024.

Portfolio Pulse from Lekha Gupta

February 20, 2024 | 7:06 pm