Streetbeat News

Earnings

GTN

Gray Television's stock is trading lower following the announcement of a year-over-year decline in Q4 financial results and the issuance of Q1 revenue guidance that falls below analyst estimates.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 4:00 pm

SSTK

Shutterstock (NYSE:SSTK) has received mixed analyst ratings over the past quarter, with a shift towards a more bullish stance in the last 30 days. The average 12-month price target for SSTK has been adjusted to $61.25, down from $85.00, indicating a 27.94% decrease. Analysts from Needham, Truist Securities, and Morgan Stanley have provided updates, with price targets ranging from $55.00 to $70.00. Shutterstock's financial performance shows challenges, including a -6.87% revenue decline and below-industry averages in net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 4:00 pm

LLY

Eli Lilly and Co (NYSE:LLY) is evaluated against its competitors in the Pharmaceuticals industry, showing a mixed performance. While its PE, PB, and PS ratios suggest the stock might be overvalued, its high ROE and revenue growth indicate strong profitability and market share gain. However, concerns arise from its lower EBITDA and gross profit, alongside a higher debt-to-equity ratio compared to peers, signaling potential financial risks.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 4:00 pm

MODV

ModivCare's stock trades lower following its Q4 financial results and Q1 revenue guidance, which fell below estimates. The company faced downgrades and reduced price targets from multiple firms.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 3:58 pm

PDD

PDD Holdings (NASDAQ:PDD) has seen significant options activity, with a mix of bullish and bearish sentiments among investors. Analysis of 11 trades reveals a slight preference for bullish positions, with notable activity in both puts and calls within a price window of $105.0 to $180.0. The company, a multinational commerce group, has its stock currently priced at $133.11, showing a 1.12% increase, with neutral RSI indicators and earnings expected in 24 days.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 3:45 pm

MARA

Marathon Digital Holdings (NASDAQ:MARA) has seen a surge in options activity, with an equal split between bullish and bearish sentiments among investors. The options trades range from $12.5 to $35.0 strike prices, indicating varied expectations for the stock's future price. The company, which focuses on mining digital assets, has experienced a recent price decrease of -3.58%, with its next earnings report due in 5 days. The significant options activity could suggest investor speculation ahead of the earnings announcement.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 3:45 pm

FIX

Comfort Systems shares are trading higher following the announcement of their Q4 results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 3:36 pm

GLPG

Galapagos shares have experienced a decline following the announcement of their fiscal year 2023 earnings.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 3:35 pm

GH

Guardant Health's shares dropped following the company's announcement of its 2024 revenue guidance, which has a midpoint below market estimates.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 3:33 pm

EGO

Eldorado Gold's stock price has decreased following the release of their Q4 earnings report.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 3:31 pm