Streetbeat News

Earnings

TD

Toronto-Dominion Bank (NYSE:TD) is scheduled to release its quarterly earnings report on Thursday, 2024-02-29, with analysts expecting an EPS of $1.40. The company's past earnings performance shows a mix of hits and misses against estimates, affecting stock prices accordingly. Shares are currently trading at $59.65, reflecting an 8.54% decline over the last year. Investors are looking for positive guidance for the next quarter.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 2:00 pm

VIPS

Vipshop's stock price increased following the announcement of their Q4 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 1:59 pm

PAYO

Payoneer's stock price has declined following the company's announcement of its FY24 revenue guidance, which fell short of market expectations.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 1:58 pm

BUD

DBRG

NVDA

PTVE

SOUN

STZ

Jim Cramer discussed various stocks on CNBC's 'Mad Money Lightning Round,' highlighting DigitalBridge Group's better-than-expected sales, Constellation Brands over Anheuser-Busch for its financials and potential wine business sale, and SoundHound AI as an Nvidia play. He also mentioned not being familiar with Pactiv Evergreen, which is expected to report its Q4 results soon. The article includes recent price actions for these companies.

Portfolio Pulse from Avi Kapoor

February 28, 2024 | 1:57 pm

LTH

Life Time Group's shares surged following the announcement of their Q4 financial results, which exceeded expectations. Additionally, the company provided Q1 revenue guidance that surpassed estimates.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 1:56 pm

ALC

Alcon's stock price increased following the announcement of mixed Q4 financial results and the issuance of future guidance.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 1:55 pm

AMBA

Ambarella, Inc (NASDAQ:AMBA) shares rose in premarket trading after reporting Q4 FY24 results that exceeded expectations. Despite a 38.1% Y/Y revenue decline to $51.62 million, it marginally beat the consensus. The adjusted EPS loss of $(0.24) also surpassed expectations. The company forecasts Q1 FY25 revenue between $52 million and $56 million, with an adjusted gross margin of 61.5%-63.0%. CEO Fermi Wang highlighted the potential for revenue growth in FY25, driven by AI product strength and inventory management strategies.

Portfolio Pulse from Lekha Gupta

February 28, 2024 | 1:53 pm

CIBR

CRWD

PANW

ZS

Palo Alto Networks Inc (PANW) shares are recovering after a drop due to weak earnings guidance and CEO comments on client 'spending fatigue'. Despite this, the cybersecurity sector, including rivals CrowdStrike (CRWD) and Zscaler (ZS), remains a priority for investors, buoyed by regulatory changes and the increasing use of AI in cyber attacks. Analysts and high-profile investors remain bullish on PANW, and the First Trust NASDAQ Cybersecurity ETF (CIBR) continues to perform well.

Portfolio Pulse from Neil Dennis

February 28, 2024 | 1:52 pm

AMC

AMC Entertainment Holdings Inc (NYSE:AMC) is in focus ahead of its Q4 earnings report, expected to post a loss of 70 cents per share with $1.046 billion in revenue. Despite beating estimates in the past five quarters, AMC shares have declined over 90% in the last year. The Q4 results will include earnings from Taylor Swift and Beyonce concert films, which may have boosted ticket prices. Analysts have mixed views, with an average price target of $9, suggesting an 85.95% upside.

Portfolio Pulse from Adam Eckert

February 28, 2024 | 1:50 pm

FSLR

First Solar, Inc. (NASDAQ:FSLR) shares surged over 6% in premarket trading following the release of their Q4 results, which showcased earnings of $3.25 per share, beating analyst estimates. Despite a miss on quarterly sales expectations, the company reported significant year-over-year growth in net income and gross profits. First Solar also provided optimistic guidance for 2024, with expected earnings per share and net sales that align closely with analyst estimates. Additionally, Oppenheimer analyst Colin Rusch upgraded the price target for FSLR from $268 to $269.

Portfolio Pulse from Nabaparna Bhattacharya

February 28, 2024 | 1:44 pm