Streetbeat News

Earnings

HAYW

Hayward Holdings has issued weak FY23 guidance, leading to a decrease in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 5:15 pm

ZI

ZoomInfo Technologies Inc. (NASDAQ:ZI) reported Q3 earnings per share of 26 cents, in line with estimates, and revenue of $313.8 million, beating the consensus estimate of $311.751 million. However, several analysts lowered their price targets on the company, leading to a drop in the stock price. The stock is down 14.4% at $13.28.

Portfolio Pulse from Erica Kollmann

October 31, 2023 | 5:13 pm

FMC

FMC Corporation has lowered its FY23 adjusted EPS guidance, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 5:12 pm

AAPL

Apple Inc's 'Scary Fast' event, which showcased new products and company announcements, has received mixed reactions from analysts. Goldman Sachs analyst Michael Ng maintains a Buy rating and a price target of $213, citing the attractive price points of the new products and potential for growth in the PC industry. However, Oppenheimer’s Martin Yang found the event underwhelming and was disappointed by the lack of information on Apple's plans for mainstream gaming. Needham analyst Laura Martin expressed concern about the timing of the event, just three days before earnings, suggesting weak laptop and iMac sales in Q3.

Portfolio Pulse from Chris Katje

October 31, 2023 | 5:12 pm

OTTR

Otter Tail Corporation has increased its 2023 guidance range, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 5:08 pm

CEIX

CONSOL Energy reported worse-than-expected Q3 results, leading to a drop in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 5:07 pm

ARKF

SOFI

SoFi Technologies reported better-than-expected Q3 results, beating analyst consensus estimates for both losses per share and sales. The company also raised its fiscal year 2023 adjusted net revenue guidance. Ark Invest purchased 473,225 shares of SoFi Technologies, and Morgan Stanley upgraded the company from Underweight to Equal-Weight with a $7 price target. SoFi Technologies shares are trading higher.

Portfolio Pulse from Erica Kollmann

October 31, 2023 | 5:05 pm

ABEV

Ambev SA reported a 1.3% YoY sales decline in Q3 FY23, with a 2.0% volume decline. However, the company benefited from FX and commodities tailwinds, and increased efficiencies in distribution and administrative expenses. Adjusted EPS increased 26% YoY, and organic net revenue increased 19.3%. Gross profit increased 1.6% to R$10.1 billion, and the profit margin expanded to 49.7%. Adjusted operating income climbed 20.5% to R$4.9 billion, and adjusted EBITDA jumped 17.6% to R$6.6 billion. Total consolidated debt as of September 30, 2023, totaled R$3.72 billion. Operating cash flow grew 29.7% to R$7.92 billion. ABEV shares are trading higher by 3.50% at $2.52.

Portfolio Pulse from Shivani Kumaresan

October 31, 2023 | 5:05 pm

DORM

Dorman Products has reduced its financial outlook for FY23, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 5:03 pm

AXS

Axis Capital Holdings (NYSE:AXS) is set to release its latest quarterly earnings report on November 1, 2023. Analysts estimate an earnings per share (EPS) of $1.97. The company's past performance shows a pattern of beating EPS estimates, which has often led to an increase in share price. The stock is currently trading at $56.23 and has seen a 5.14% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 5:02 pm