Streetbeat News

Earnings

TRC

Tejon Ranch anticipates its 2024 farming operations will face higher production costs, including fuel, fertilizer, pest control, and labor. Additionally, higher almond industry inventory levels are expected, which may negatively impact 2024 selling prices.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 2:27 pm

TRC

Tejon Ranch reported a Q4 2023 EPS of $0.06, a decrease from $0.07 YoY. Revenue for the quarter was $16.167M, down from $17.453M YoY.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 2:25 pm

EVGO

EVgo, Inc. (NASDAQ:EVGO) shares surged after reporting Q4 FY23 results with an 83% Y/Y revenue increase to $50.0 million, surpassing analyst expectations. The company saw a 257% Y/Y increase in network throughput and added over 110,000 new customer accounts. Despite an adjusted EBITDA loss of $(14.0) million, the net loss per share of $(0.12) beat forecasts. CEO Badar Khan highlighted the company's profitability at the installed base level and its strong positioning for future growth. EVgo expects FY24 revenue between $220 million and $270 million, with an adjusted EBITDA of $(48) million to $(30) million. Shares rose 13.7% to $3.16 in premarket trading.

Portfolio Pulse from Lekha Gupta

March 06, 2024 | 2:24 pm

ABM

ABM Industries Incorporated (NYSE:ABM) is set to release its Q1 earnings on March 7, 2024, with analysts expecting a decrease in earnings per share from the previous year. The company recently announced a partnership with the Arizona Diamondbacks and Chase Field. ABM offers a dividend yield of 2.18%, equating to a quarterly dividend of 22.5 cents a share. To earn a monthly dividend income of $500, an investor would need to own approximately 6,667 shares, valued around $271,680. The article also explains how dividend yield can fluctuate with stock price and dividend payment changes. ABM's stock fell 1.2% to close at $40.75 recently.

Portfolio Pulse from Avi Kapoor

March 06, 2024 | 2:19 pm

BTCUSD

ETHUSD

SPY

Cryptocurrencies including Bitcoin, Ethereum, and Dogecoin face a downturn with $1.15B in potential liquidations. Veteran traders predict a surprise rally for Bitcoin, while Shiba Inu's developer disputes a misquote. Dogecoin's support from Elon Musk keeps it in the spotlight. Ethereum's co-founder sells $100K of ETH amid a dip. US markets show mixed signals with the Fear & Greed Index entering 'Greed' zone and Dow dropping. Nikki Haley's withdrawal from the 2024 Presidential race could favor Trump. US and global politics, economy updates, and tech and EV sector movements, including Tesla's strategies and Rivian's efficiency improvements, are highlighted.

Portfolio Pulse from Akanksha Bakshi

March 06, 2024 | 2:17 pm

FL

Foot Locker has revised its FY24 adjusted EPS forecast to $1.50-$1.70, down from the estimated $1.93, while expecting comparable sales to increase by 1-3%.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 2:16 pm

NVDA

SMCI

Despite a broader market downturn, Nvidia Corp. (NVDA) and Super Micro Computer, Inc. (SMCI) have shown resilience, with their stocks outperforming major tech companies. This performance raises questions about their potential as safe haven assets amidst economic volatility. Nvidia's leadership in AI technology and Super Micro's high-performance computing solutions are key factors in their success. Analysts suggest the AI revolution could sustain growth for these companies, despite concerns over their overbought levels.

Portfolio Pulse from Shanthi Rexaline

March 06, 2024 | 2:07 pm

AVGO

GOOGL

META

Broadcom Inc (NASDAQ:AVGO) is set to report its Q1 earnings on March 7, with Wall Street expecting $10.26 EPS and $11.71 billion in revenues. The stock, part of the AI5 group, has seen over 112% growth in the past year and over 20% YTD. Technical analysis shows a strongly bullish trend with favorable indicators, despite potential selling pressure risks. Analyst consensus rates AVGO as a Buy, with a price target of $959.67. JPMorgan highlights Broadcom's growth in AI revenues, including collaborations with Google (GOOGL) and Meta (META).

Portfolio Pulse from Surbhi Jain

March 06, 2024 | 2:05 pm

BJ

BJ's Wholesale Club (NYSE:BJ) is anticipated to report a quarterly EPS of $1.06 on March 7, 2024. Analysts and investors are keen on whether BJ will surpass this estimate and provide positive future guidance. Historically, BJ's share price has shown mixed reactions to earnings reports, with minor fluctuations regardless of beating or missing EPS estimates. Currently, BJ's shares are trading at $73.22, marking a 2.97% decline over the last year, indicating investor concern ahead of the earnings release.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 2:02 pm

BURL

Burlington Stores (NYSE:BURL) is scheduled to release its quarterly earnings report on March 7, 2024. Analysts predict an EPS of $3.30. The company's past earnings performance shows a history of beating estimates, with a notable 4.05% share price increase following last quarter's earnings beat. Shares are currently trading at $212.11, with a 2.39% increase over the last 52 weeks. Investors are advised to pay attention to the company's guidance for future growth.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 2:02 pm