Streetbeat News

Earnings

AWI

Armstrong World Industries' shares surged following the announcement of their Q4 financial results, which exceeded expectations. Additionally, the company provided FY24 revenue guidance that surpassed estimates.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 5:20 pm

AMD

NVDA

SOXL

SOXS

Nvidia (NVDA) and Direxion Daily Semiconductor Bull 3X Shares (SOXL) experienced significant drops ahead of Nvidia's Q4 earnings report, with NVDA falling about 6% and SOXL over 7%. The semiconductor sector's recent bull cycle, highlighted by Nvidia's performance and interest in AI, faces a potential shift as the S&P 500 shows signs of a local top. SOXL, which includes stocks like AMD and NVDA, is in a critical technical position, potentially indicating a broader sector pullback. Nvidia's upcoming earnings could influence the direction of tech stocks in the short term.

Portfolio Pulse from Melanie Schaffer

February 20, 2024 | 5:15 pm

FLR

Fluor Corporation's shares dropped following the announcement of their Q4 revenue results, which fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 5:11 pm

EXPD

Expeditors International of Washington, Inc. (EXPD) reported a significant decline in Q4 fiscal 2023 results with a 34% Y/Y revenue drop to $2.28 billion, missing the consensus of $2.31 billion. EPS fell 22% YoY to $1.09, below the consensus of $1.23. The company also saw a decrease in airfreight and ocean container volumes, alongside a 40% drop in operating income to $199.39 million. Despite these challenges, EXPD repurchased shares and amended its Discretionary Stock Repurchase Plan. The company cited market uncertainty, including the impact of the Covid-19 pandemic and conflicts in the Middle East, as factors affecting its performance.

Portfolio Pulse from Akanksha Bakshi

February 20, 2024 | 5:10 pm

AGRI

FLR

MEDS

MNPR

RAPT

SMMT

U.S. stocks traded lower with the Dow, Nasdaq, and S&P 500 all experiencing declines. The Conference Board's Leading Economic Index fell 0.4% for January. Monopar Therapeutics, AgriFORCE Growing Systems, and TRxADE HEALTH saw significant stock price increases due to positive company developments. Conversely, RAPT Therapeutics, Summit Therapeutics, and Fluor Corporation faced notable declines following negative news or earnings reports.

Portfolio Pulse from Avi Kapoor

February 20, 2024 | 5:09 pm

ROG

Rogers (NYSE:ROG) is scheduled to release its quarterly earnings report on February 21, 2024, with analysts expecting an EPS of $1.00. The company's past performance shows a history of beating EPS estimates, which has occasionally led to positive stock price movements the following day. However, shares have declined by 18.89% over the last 52 weeks, indicating potential concern 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 | 5:02 pm

VMEO

Vimeo (NASDAQ:VMEO) is scheduled to release its quarterly earnings report on February 21, 2024. Analysts predict an EPS of $-0.01. The company's past earnings performance shows a trend of beating EPS estimates, leading to positive stock price movements. Shares are currently trading at $3.92, with a 1.3% increase over the last 52 weeks. Investors are looking forward to not only the earnings results but also the company's future guidance.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 5:02 pm

ECPG

Encore Capital Gr (NASDAQ:ECPG) is scheduled to release its quarterly earnings report on February 21, 2024, with an expected EPS of $1.23. Despite past earnings misses, the company's stock price increased by 10.42% following the last quarterly report. Over the past year, ECPG shares have declined by 7.65%. Investors are looking for a beat on the EPS estimate and positive guidance for future growth.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 5:02 pm

ERII

Energy Recovery (NASDAQ:ERII) is anticipated to report a quarterly earnings per share (EPS) of $0.38 on Wednesday, 2024-02-21. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. Historical data shows that Energy Recovery's stock price reacts significantly to earnings performance and guidance. Last quarter, the company exceeded EPS estimates by $0.16, leading to a 22.9% stock price increase the following day. However, over the last 52 weeks, ERII shares have declined by 24.46%, indicating a bearish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 5:01 pm

ORA

Ormat Technologies (NYSE:ORA) is scheduled to release its quarterly earnings report on February 21, 2024, with analysts expecting an EPS of $0.58. The company's past earnings performance shows a mix of beats and misses, with the last quarter beating estimates by $0.09, leading to a 0.19% increase in share price the following day. However, shares have declined 25.03% over the last 52 weeks, indicating a bearish 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 | 5:01 pm