Streetbeat News

Earnings

MEI

Methode Electronics (NYSE:MEI) is scheduled to release its quarterly earnings report on March 7, 2024, with analysts estimating an EPS of $0.09. The company's historical earnings performance shows a pattern of not meeting EPS estimates, leading to negative stock price reactions. Shares are currently trading at $20.51, reflecting a 51.92% decline over the last 52 weeks. Investors are looking for positive guidance for the next quarter.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 6:01 pm

AOUT

American Outdoor Brands (NASDAQ:AOUT) is set to release its quarterly earnings report on Thursday, 2024-03-07, with an estimated EPS of $0.05. Investors are looking for an earnings beat and positive guidance for the next quarter. The company's past earnings performance shows mixed results with both beats and misses, leading to varied stock price reactions. Shares are currently trading at $7.96, down 21.15% over the last 52 weeks, indicating potential concern among long-term shareholders.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 6:01 pm

AKA

a.k.a. Brands Holding (NYSE:AKA) is scheduled to release its quarterly earnings report on March 7, 2024, with analysts expecting an EPS of $-0.47. The company's past earnings performance shows a trend of missing EPS estimates, leading to significant share price drops the following day. Shares are currently trading at $12.5, down 28.66% over the last year. Investors are looking for not just an earnings beat but also positive guidance for the next quarter.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 6:00 pm

CME

Five analysts have recently updated their ratings on CME Group (NASDAQ:CME), showing a mix of bullish and bearish sentiments. The average 12-month price target is now $213.4, down 7.35% from the previous $230.33. Analyst actions include ratings from 'Buy' to 'Sell' with price target adjustments reflecting market conditions and company performance. CME Group, a major financial exchange operator, has shown strong financial performance with a notable net margin and ROE, but faces challenges in ROA and revenue growth compared to peers.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 6:00 pm

WBD

Warner Bros. Games, under Warner Bros. Discovery Inc (NASDAQ:WBD), remains committed to live service games despite the underperformance of 'Suicide Squad: Kill the Justice League.' At a Morgan Stanley event, CEO J.B. Perrette highlighted the company's strategy to focus on mobile and multiplatform free-to-play games, leveraging major franchises. The company plans to release more mobile titles this year, with significant impact expected between 2025 and 2027. Warner Bros. aims for consistent revenue through its intellectual properties, including further development within the Harry Potter world.

Portfolio Pulse from Franca Quarneti

March 06, 2024 | 5:58 pm

JPM

Deep-pocketed investors have shown a bearish sentiment towards JPMorgan Chase (NYSE:JPM), with options activity indicating a significant move. Benzinga's tracking revealed 30 unusual options activities, with a bearish majority. The options suggest a price target between $155.0 and $200.0. JPMorgan Chase's current market status shows a slight price increase with a potential overbought signal. An earnings announcement is expected in 37 days.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 5:45 pm

IDGT

SMCI

XMMO

Argus Research analyst Jim Kelleher initiated coverage on Super Micro Computer, Inc (NASDAQ:SMCI) with a Buy rating and a price target of $1,350, highlighting its growth trajectory driven by demand for AI. Super Micro, known for its computer and server solutions, is experiencing significant revenue and earnings growth, particularly in AI applications. The company's revenue growth is outpacing its costs, similar to tech giants like Apple, Amazon, and Nvidia, leading to margin expansion and rapid EPS acceleration. Investors can also gain exposure to SMCI through Invesco S&P MidCap Momentum ETF (NYSE:XMMO) and IShares U.S. Digital Infrastructure And Real Estate ETF (NYSE:IDGT).

Portfolio Pulse from Anusuya Lahiri

March 06, 2024 | 5:45 pm

BF-A

Brown-Forman Corp (NYSE:BF) reported a Q3 FY24 sales decline of 1.1% Y/Y to $1.07 billion, missing estimates. EPS of $0.60 beat estimates. The company expanded its gross and operating margins significantly, but tempered FY24 expectations due to a challenging operating environment, leading to a 9.87% drop in BF-A shares.

Portfolio Pulse from Shivani Kumaresan

March 06, 2024 | 5:42 pm

CRD

HIPO

MRAI

Insurance stocks experienced significant movements in Wednesday's intraday session. Marpai, Hippo Holdings, SelectQuote, GoHealth, Fidelis Insurance Holdings, and Fanhua were among the gainers, with notable increases in their stock prices. On the other hand, Crawford, Huize Holding, Waterdrop, Cheche Group, and Conifer Holdings faced declines. The movements were attributed to various factors including recent Q4 earnings reports for some companies.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 5:40 pm

CRWD

PANW

ZS

CrowdStrike Holdings Inc (NASDAQ:CRWD) shares surged after reporting Q4 earnings that exceeded expectations, with 12 analysts revising their forecasts upwards. The company reported a 34% year-on-year increase in ARR to $3.44 billion, surpassing Street expectations. Analysts highlighted strong net new ARR, platform momentum, and robust guidance as key drivers. The positive outlook contrasts with concerns around competitors like Palo Alto Networks Inc. (NASDAQ:PANW). Additionally, CrowdStrike announced its intent to acquire Flow Security.

Portfolio Pulse from Priya Nigam

March 06, 2024 | 5:35 pm