Streetbeat News

Earnings

IDYA

IDEAYA Biosciences (NASDAQ:IDYA) has seen varied analyst opinions over the past quarter, with recent updates showing a shift towards more bullish stances. The average 12-month price target has increased to $46.5, up from $37.20, indicating a positive outlook on the company's future. Analysts from firms like RBC Capital and Goldman Sachs have raised their price targets, reflecting optimism about IDEAYA's market position and its oncology-focused precision medicine developments. Despite a significant revenue decline of -72.94% as of September 30, 2023, the company's strong net margin and ROE suggest effective cost control and equity capital utilization.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 4:01 pm

SPXC

SPX Techs (NYSE:SPXC) is scheduled to release its quarterly earnings report on February 22, 2024. Analysts predict an EPS of $1.26. The company's past earnings performance shows a mix of beats and misses, with the stock price reacting variably. Shares are currently trading at $108.51, up 48.14% over the last year. Investors are looking for positive guidance for the next quarter.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 4:01 pm

PLTR

The article provides a detailed comparison of Palantir Technologies (PLTR) against its competitors in the Software industry, focusing on key financial metrics such as P/E, P/B, P/S ratios, ROE, EBITDA, gross profit, and revenue growth. Palantir's P/E ratio is significantly higher than the industry average, suggesting overvaluation, while its P/B ratio indicates potential undervaluation. The company's P/S ratio is also high, implying overvaluation in terms of sales performance. Palantir shows lower profitability and growth potential compared to its peers, with a lower ROE, EBITDA, gross profit, and revenue growth rate. Additionally, Palantir has a lower debt-to-equity ratio compared to its top 4 peers, indicating a stronger financial position.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 4:00 pm

CRM

The analysis compares Salesforce (CRM) with its competitors in the Software industry, focusing on financial metrics like P/E, P/B, P/S ratios, ROE, EBITDA, gross profit, and revenue growth. Salesforce shows potential undervaluation with lower P/E, P/B, and P/S ratios compared to the industry average. However, its ROE is below the industry average, suggesting inefficiency in utilizing equity. Despite this, Salesforce's high EBITDA and gross profit indicate strong operational performance, though its revenue growth is slightly below the industry average.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 4:00 pm

AAPL

NOK

NVDA

SSNLF

Nokia Corp (NYSE:NOK) and Nvidia Corp (NASDAQ:NVDA) have announced a partnership to develop AI-driven radio access network (RAN) solutions, aiming to transform telecommunications with advanced AI services. This collaboration will leverage Nvidia's Grace CPU Superchip and Nokia's Cloud RAN software and technology to enhance telco networks. Additionally, Nokia reported a 23% decline in Q4 2023 net sales but highlighted significant deals with Apple Inc (NASDAQ:AAPL), Samsung Electronics (OTC:SSNLF), and OPPO.

Portfolio Pulse from Anusuya Lahiri

February 21, 2024 | 3:57 pm

VRSK

Verisk Analytics' shares dropped following a report of disappointing Q4 adjusted EPS results and a forecast for FY24 adjusted EPS that falls below expectations.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 3:55 pm

PHIN

PHINIA shares have seen an increase in trading volume and price following the announcement of their Q4 financial results and future guidance.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 3:54 pm

ROCK

Gibraltar Industries' shares dropped following a Q4 revenue miss, indicating weaker financial performance than expected.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 3:53 pm

GLBE

SHOP

Global-E Online Ltd. (NASDAQ:GLBE) reported a Q4 fiscal 2023 sales growth of 32.6% year-over-year to $185.40 million, surpassing expectations. The company's Gross Merchandise Value (GMV) increased by 42% Y/Y to $1.19 billion, and adjusted gross profit rose by 37% Y/Y to $79.12 million. Despite these positive results, GLBE's shares fell by 12% due to a lower-than-expected Q1 revenue forecast of $138.5 million-$145 million, below the consensus of $150.48 million. The company also renewed its strategic partnership with Shopify Inc. (NYSE:SHOP).

Portfolio Pulse from Akanksha Bakshi

February 21, 2024 | 3:53 pm

SHEN

Shenandoah Telecommunications (SHEN) shares surged following the announcement of Q4 financial results that exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 3:53 pm