Streetbeat News

Earnings

BLD

TopBuild's shares dropped following the announcement of Q4 revenue results that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 2:59 pm

SAM

Boston Beer Company, Inc. (NYSE:SAM) shares dropped after reporting Q4 FY23 results below expectations with a 12.0% Y/Y decrease in net revenue to $393.7 million and a significant EPS loss of $(1.49). The company also announced the retirement of CEO Dave Burwick and the appointment of Michael Spillane as the new CEO effective April 1, 2024. FY24 outlook anticipates Depletions and Shipments to vary from a low single-digit decrease to a low single-digit increase, with an EPS forecast of $7.00 to $11.00.

Portfolio Pulse from Lekha Gupta

February 28, 2024 | 2:56 pm

EME

EMCOR Group's shares surged following the announcement of their Q4 financial results, which exceeded expectations. Additionally, the company provided an optimistic FY24 guidance that surpassed estimates and announced an increase in its quarterly dividend.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 2:55 pm

AAPL

Analyst Ming-Chi Kuo reports a significant slowdown in U.S. market demand for Apple's Vision Pro, with shipping times improved to 3-5 days indicating decreased demand. Despite this, U.S. shipments are expected to exceed Apple's original estimates. Global release is dependent on regulatory compliance, with a potential launch in more countries before WWDC. Supply chain production has expanded slightly, but Vision Pro remains a niche product. The return rate is under 1%, with some returns due to setup issues. Apple is predicted to focus on production efficiency rather than spec changes for the next Vision Pro model, with significant spec changes not expected until 2027. Vision Pro's impact on Apple and supplier share prices is considered limited, with its transition to a mass-market product dependent on applications, price, and comfort improvements.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 2:52 pm

QURE

uniQure (NASDAQ:QURE) reported Q4 earnings with an EPS of $-1.53, missing estimates by -6.0% and showing a significant revenue decline from the previous year. The company's past earnings performance indicates volatility in EPS and revenue figures, with a notable drop in share price following last quarter's earnings miss.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 2:50 pm

NTIOF

National Bank of Canada (OTC:NTIOF) reported Q1 earnings, beating estimates with an EPS of $1.9 against the expected $1.75 and seeing a revenue increase of $75M from the previous year. The company has a history of surpassing EPS estimates, which previously led to a 6% share price increase the following day.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 2:50 pm

DDD

F

MSTR

TSLA

Bitcoin's surge to $59K led to $71M in short squeezes, boosting meme coins like Dogecoin, Shiba Inu, and Floki, pushing their market cap to $26.5B. MicroStrategy's stock is predicted to hit $990 amid a Bitcoin rally to $125K. In US markets, 3D Systems reported downbeat Q4 results, affecting pre-market session movements. Cox Enterprises is set to acquire OpenGov for $1.8B. Tesla shows premarket gains, while Ford recalls 63K trucks. Viatris partners with Idorsia for heart attack treatments, and PNM Resources and AEP complete a solar venture sale.

Portfolio Pulse from Akanksha Bakshi

February 28, 2024 | 2:46 pm

UWMC

UWM Holdings (UWMC) reported a significant miss in both Q4 adjusted EPS and sales against analyst estimates. The adjusted EPS was $(0.23), missing the $0.05 estimate by 560%, and sales were $(114.58M), missing the $350.73M estimate by 132.67%. This represents a substantial decrease from the previous year's figures.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 2:46 pm

MU

Investors have shown a significant interest in Micron Technology (NASDAQ:MU) options, with a notable lean towards bullish sentiment. Benzinga's options scanner revealed 24 unusual trades, predominantly calls, indicating a potential price target range of $82.5 to $135.0 for MU. The largest trades were bullish calls with expiration dates in 2024. Currently, MU's stock is slightly down at $90.45, with an anticipated earnings release in 21 days. This heightened options activity could suggest insider knowledge or speculation on future price movements.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 2:45 pm

BAER

GRNQ

KODK

RYI

UAL

Benzinga Insights identifies 5 value stocks in the industrials sector with low P/E ratios, suggesting potential undervaluation. The stocks are Eastman Kodak (KODK), Greenpro Capital (GRNQ), Bridger Aerospace Gr (BAER), United Airlines Holdings (UAL), and Ryerson Holding (RYI). Recent earnings reports show mixed results, with some companies reporting decreases in earnings per share.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 2:41 pm