Streetbeat News

Earnings

UPWK

Upwork reported Q4 2023 adjusted earnings per share of $0.20, surpassing the consensus estimate of $0.17 by 17.65%. Quarterly sales reached $183.90 million, exceeding expectations by 3.22% and marking a 13.91% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 9:04 pm

RBBN

Ribbon Comms (RBBN) reported Q4 2023 earnings of $0.12 per share, missing the $0.13 estimate, with sales of $226.40M also missing the $234.76M estimate. This represents a 3.10% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 9:04 pm

MGY

Magnolia Oil & Gas (MGY) reported Q4 2023 adjusted EPS of $0.52, missing the $0.53 estimate, and sales of $322.63M, missing the $325.80M estimate. This represents a 7.57% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 9:03 pm

UPWK

Upwork reported Q4 sales of $183.90M, surpassing the analyst consensus estimate of $178.16M by 3.22% and marking a 13.91% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 9:03 pm

F

GM

STLA

Stellantis NV (NYSE:STLA) shares surged ahead of its full-year results, outperforming rivals Ford Motor Co (NYSE:F) and General Motors Co (NYSE:GM) with a 44% gain over the past year. The company's focus on mass-market models and electric vehicles in Europe has contributed to its success. Full-year earnings per share are expected to be $5.69, with revenues projected at $200 billion. Investors anticipate potential shareholder returns announcements, such as a share buyback program or a special dividend.

Portfolio Pulse from Neil Dennis

February 14, 2024 | 9:02 pm

NMIH

NMI Holdings (NMIH) reported Q4 2023 adjusted EPS of $1.01, surpassing the $0.96 estimate, with sales of $151.38M exceeding the $134.86M forecast. This represents a 13.73% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 9:02 pm

EDRY

EuroDry (NASDAQ:EDRY) is scheduled to release its quarterly earnings report on February 15, 2024, with an estimated EPS of $0.32. Historical data shows positive stock price movements following earnings beats. Shares have increased by 25.13% over the last 52 weeks, indicating a positive trend for long-term shareholders. Investors are advised to watch for the company's performance against the EPS estimate and any forward-looking guidance provided.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 9:01 pm

BE

Bloom Energy (NYSE:BE) is scheduled to release its quarterly earnings report on February 15, 2024, with analysts estimating an EPS of $0.11. The company's past performance shows a mix of earnings beats and misses, with the stock price reacting accordingly. Shares are currently trading at $11.25, down 50.02% over the last 52 weeks. Investors are looking for positive guidance for the next quarter, which could significantly impact the stock price.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 9:00 pm

UPST

Upstart Holdings Inc (NASDAQ:UPST) shares fell after issuing Q1 revenue guidance below estimates, despite beating Q4 consensus with $140.91 million in revenue and a smaller-than-expected loss. Analysts from Piper Sandler, Goldman Sachs, JPMorgan, and Wedbush expressed bearish views, citing macro challenges, delinquency trends, and reliance on third-party funding as concerns. Upstart's loan volumes increased, but loan sizes decreased, with notable progress in product development and lending models.

Portfolio Pulse from Surbhi Jain

February 14, 2024 | 9:00 pm

ARM

Arm shares are experiencing an increase in value due to a broader rebound in technology stocks. This upward trend follows a positive earnings report from the previous week.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 8:51 pm