Streetbeat News

Earnings

TRI

Thomson Reuters reported mixed Q3 financial results, issued guidance, and proposed a buyback of up to $1 billion of its shares. This news has led to an increase in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 2:55 pm

TM

Toyota Motor Corporation reported its H1 results, leading to an increase in its share price.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 2:53 pm

DIN

Dine Brands Global, Inc. (NYSE:DIN) reported a Q3 FY23 revenue decline of 13.1% YoY to $202.58 million, missing the consensus of $203.23 million. The decline was primarily due to the refranchising of 69 company-operated Applebee's units and negative same-restaurant sales growth at Applebee's. The company's adjusted EPS of $1.46 beat the analyst consensus of $1.31. The company's shares are trading lower by 5.31%.

Portfolio Pulse from Nabaparna Bhattacharya

November 01, 2023 | 2:46 pm

ASC

CMRE

CTRM

GRIN

HTZ

The article discusses notable value stocks in the industrials sector, including Ardmore Shipping (ASC), Grindrod Shipping Hldgs (GRIN), Castor Maritime (CTRM), Hertz Global Holdings (HTZ), and Costamare (CMRE). The companies' P/E ratios and recent changes in earnings per share and dividend yields are highlighted. The stocks were selected by Benzinga Insights based on quantified analysis.

Portfolio Pulse from Benzinga Insights

November 01, 2023 | 2:41 pm

COIN

Coinbase Global, Inc (NASDAQ:COIN) is making crypto futures more accessible to retail traders in the U.S. through its Coinbase Advanced platform. The company has sized futures contracts for retail traders at 1/100th of a Bitcoin and 1/10th of an Ethereum. However, Coinbase is expected to report another quarter of losses due to lower trading volumes and is currently facing a lawsuit with the U.S. SEC for allegedly operating an unregistered exchange.

Portfolio Pulse from Anusuya Lahiri

November 01, 2023 | 2:39 pm

BEPC

ENIC

GNE

PAM

VST

Benzinga Insights has identified several value stocks in the utilities sector that may be worth watching, including Enel Chile (ENIC), Pampa Energia (PAM), Brookfield Renewable (BEPC), Genie Energy (GNE), and Vistra (VST). These companies have low P/E multiples, indicating potential undervaluation. However, recent earnings reports show mixed results, with some companies experiencing decreases in earnings per share and dividend yields.

Portfolio Pulse from Benzinga Insights

November 01, 2023 | 2:38 pm

GOOS

Canada Goose Holdings Inc (NYSE:GOOS) reported Q2 FY2024 sales growth of 1% YoY to C$281.1 million, missing the consensus of $279.86 million. Gross profit rose 8% YoY, but operating income fell due to higher SG&A costs. The company also announced changes in its executive team and cut its FY24 revenue guidance. Following the announcement, GOOS shares traded lower by 9.91%.

Portfolio Pulse from Shivani Kumaresan

November 01, 2023 | 2:29 pm

TT

Trane Technologies PLC (NYSE:TT) shares surged by around 9% following the company's Q3 FY23 results. The company reported a 12% Y/Y revenue growth to $4.88 billion, beating the consensus of $4.80 billion. Bookings rose 10% Y/Y to $4.95 billion, led by Americas Commercial HVAC. The company also reported strong volume growth, positive price realization, and improved productivity. Trane Technologies raised its adjusted EPS outlook for 2023 and revised its reported revenue growth. The company returned $172 million in dividends and deployed $250 million for share repurchases in Q3.

Portfolio Pulse from Lekha Gupta

November 01, 2023 | 2:02 pm

CPG

Crescent Point Energy (NYSE:CPG) is set to release its quarterly earnings report on November 2, 2023. Analysts estimate an EPS of $0.33. The company's stock price has historically been affected by its earnings performance and guidance. Last quarter, the company missed EPS by $0.03, resulting in a 4.55% drop in share price. The stock is currently trading at $8.01, up 1.13% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

November 01, 2023 | 2:02 pm

BAX

Baxter Intl (NYSE:BAX) is set to release its latest quarterly earnings report on November 2, 2023. Analysts estimate an earnings per share (EPS) of $0.68. The company's past performance shows a trend of beating EPS estimates, which has typically resulted in a share price increase. However, the stock has been down 35.86% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

November 01, 2023 | 2:02 pm