Streetbeat News

Earnings

TOL

Toll Brothers, Inc. (NYSE:TOL) shares rose in premarket trading on Wednesday after the company reported Q1 2024 earnings and revenue that exceeded analyst expectations. Earnings per share were $2.25, surpassing the consensus of $1.78, with revenues at $1.948 billion against expected $1.859 billion. The company also reported a 42% year-over-year increase in net signed contract value and a 40% increase in contracted homes. Despite a decrease in backlog value and homes, the gross margin on home sales improved. CEO Douglas C. Yearley, Jr. announced an increase in full-year guidance and highlighted the company's strong land position for future growth. TOL shares were up 3.09% to $106.75 in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

February 21, 2024 | 1:12 pm

Philip Morris International Inc. (PMI) reaffirmed its FY24 EPS forecast at the 2024 CAGNY Conference, projecting a 7%-9% currency-neutral growth. The presentation highlighted PMI's transition towards a smoke-free business, integration with Swedish Match, and strong financial performance. The forecast anticipates a reported diluted EPS of $5.90-$6.02 and an adjusted diluted EPS of $6.32-$6.44, aligning with consensus expectations.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 1:09 pm

WING

Wingstop reported Q4 adjusted EPS of $0.64, surpassing the $0.57 estimate, and sales of $127.06M, exceeding the $119.8M estimate. This represents a 6.67% increase in earnings and a 21.16% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 1:07 pm

IVP

MOTS

NEO

TDOC

In Wednesday's pre-market session, several healthcare stocks showed significant movement. Inspire Veterinary, Motus GI Holdings, and Talphera were among the top gainers, with notable increases in their stock prices. Conversely, Avinger, Biofrontera, and Teladoc Health were among the top losers, experiencing significant declines. NeoGenomics and Teladoc Health released their Q4 earnings, impacting their stock prices.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 1:06 pm

ENVX

VCIG

VRT

In Wednesday's pre-market session, several industrials stocks showed significant movement. VCI Global, Energy Focus, and Intuitive Machines were among the top gainers, with increases of 83.0%, 43.41%, and 28.29% respectively. On the losing side, Vertiv Holdings, Staffing 360 Solutions, and Roma Green Finance saw declines of 11.3%, 10.37%, and 7.86%. Notably, Vertiv Holdings and Alight released their Q4 earnings today, while Enovix did so yesterday.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 1:06 pm

AMPL

HOLO

PANW

SEDG

In Wednesday's pre-market session, several Information Technology stocks showed significant movement. Gainers included MicroCloud Hologram, CCSC Technology, Rubicon Technologies, AEye, Intrusion, and Taoping with increases ranging from 5.26% to 22.2%. On the downside, Sequans Communications, Palo Alto Networks, Amplitude, SolarEdge Technologies, Genasys, and Infobird Co saw declines between 11.8% and 24.3%, with some attributing their drops to recent earnings releases.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 1:06 pm

NVDA

NVIDIA Corporation (NASDAQ:NVDA) is anticipated to release its Q4 earnings on Feb. 21, 2024, with expected earnings of $4.64 per share and revenue of $20.62 billion, significantly up from the previous year. Ahead of this, NVDA's stock dropped by 6.7%, potentially due to profit-taking. The article also explores how to generate a monthly income of $500 from Nvidia's dividends, requiring ownership of approximately 37,500 shares.

Portfolio Pulse from Avi Kapoor

February 21, 2024 | 1:05 pm

HLF

NUS

SNAX

UVV

The article highlights four consumer staples sector stocks considered oversold based on their Relative Strength Index (RSI) values being near or below 30. These include Herbalife Ltd. (HLF), Universal Corporation (UVV), Nu Skin Enterprises, Inc. (NUS), and Stryve Foods, Inc. (SNAX), each experiencing significant price drops recently but showing potential for short-term performance improvement.

Portfolio Pulse from Avi Kapoor

February 21, 2024 | 1:04 pm

MPW

Medical Properties Trust reported a decrease in its Q4 normalized FFO to $0.36 from $0.43 year-over-year.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 1:03 pm

ESEA

Euroseas (NASDAQ:ESEA) reported Q4 2023 adjusted EPS of $3.61, surpassing the $3.50 estimate, but its sales of $49.06M fell short of the $49.23M estimate. This represents a 14.39% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 1:01 pm