Streetbeat News

Earnings

RGCO

RGC Resources reported an increase in FY23 EPS to $0.10 from $(0.10) year-over-year, but missed revenue estimates with $12.467M compared to the expected $15M.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 1:52 pm

CDIO

CUEN

NEPT

Cuentas (CUEN) reported a significant increase in revenue, with an 861% surge compared to the previous quarter and a 200% year-over-year growth in cash position. Cardio Diagnostics Holdings (CDIO) announced a major advancement in coronary heart disease detection with its PrecisionCHD test, now published in a reputable medical journal. Neptune Wellness (NEPT) disclosed a letter of intent to acquire Datasys, a data-marketing and AI company, for up to $112 million.

Portfolio Pulse from ryanfaloona@benzinga.com

November 20, 2023 | 1:50 pm

RGCO

RGC Resources (NASDAQ:RGCO) reported Q4 earnings with an EPS of $0.1, surpassing the estimated $-0.02 by 600%. However, revenue declined by $1.65 million compared to the same period last year. Despite beating last quarter's EPS estimate, the share price fell by 1.05% the following day. The company's past earnings performance shows mixed results with both beats and misses on EPS and revenue estimates.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 1:50 pm

RATE

SPY

The upcoming release of the FOMC minutes may serve as a reality check for markets that have recently adopted a dovish view on interest rates. Despite slowing inflation, the Fed may maintain a 'higher for longer' interest rate stance. The Global X Interest Rate Hedge ETF (RATE) has seen a decline in value, while the SPDR S&P 500 ETF (SPY) has risen following positive inflation data. Analysts are not expecting major surprises from the minutes but suggest that the market may be overly optimistic about rate cuts.

Portfolio Pulse from Neil Dennis

November 20, 2023 | 1:49 pm

GPS

Gap Inc. (NYSE:GPS) reported Q3 earnings of $0.59 per share, surpassing the consensus estimate of $0.18. Quarterly sales were $3.767 billion, beating expectations but showing a 7% decrease from the previous year. Gap's annual dividend yield is 3.36%, with a quarterly dividend of $0.15 per share. To earn $500 monthly from dividends, an investment of approximately $178,500 is required. Gap's stock price surged 30.6% to close at $17.85 following the earnings report.

Portfolio Pulse from Lisa Levin

November 20, 2023 | 1:48 pm

IVFH

ONDS

VNRX

Insiders at Innovative Food Holdings, Ondas Holdings, and VolitionRx have recently made significant stock purchases. Innovative Food Holdings reported modest GAAP net income, while Ondas Holdings posted a narrower-than-expected quarterly loss. VolitionRx received a price target increase from Cantor Fitzgerald. These insider transactions may signal confidence in the companies' prospects, which could be of interest to investors in penny stocks.

Portfolio Pulse from Lisa Levin

November 20, 2023 | 1:45 pm

LLY

Eli Lilly Inc. (NYSE:LLY) stock has seen a 0.22% increase in the current session, trading at $593.00. Over the past month and year, the stock has risen by 0.10% and 64.32%, respectively. The company's P/E ratio of 107.19 is significantly higher than the Pharmaceuticals industry average of 33.5, which may suggest that investors expect better future performance or that the stock is overvalued.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 1:45 pm

FANH

Fanhua Inc. reported a significant increase in Q3 earnings per share (EPS) to $0.44, up from $0.09 year-over-year (YoY). However, sales saw a slight decline to $86.98M from $87.83M YoY.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 1:44 pm

ACM

IR

TDG

TGH

Four industrial stocks with high RSI values, indicating potential overbought conditions, may face a downturn in Q4. TransDigm Group (TDG) acquired a business for $1.385 billion and reported strong Q4 results. Ingersoll Rand (IR) raised full-year guidance despite lower sales. Textainer Group (TGH) showed resilience in Q3 results despite weak earnings. AECOM (ACM) exceeded earnings guidance and provided strong FY24 EPS guidance. All stocks are near their 52-week highs.

Portfolio Pulse from Lisa Levin

November 20, 2023 | 1:43 pm

CUEN

Cuentas Inc. (NASDAQ:CUEN) reported a narrower Q3 loss of $(0.53) per share compared to $(1.82) per share in the same quarter last year, indicating a 70.88% improvement. However, sales declined by 21.70% to $895.00K from $1.14M year-over-year.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 1:35 pm