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Earnings

DOOR

OC

Stifel analyst Stanley S. Elliott downgraded Masonite International Corporation (NYSE:DOOR) to Hold from Buy, raising the price target to $133 from $119, following mixed Q4 results with revenue and EPS below consensus. The downgrade reflects gains in North America offset by struggles in Europe and Architectural. Additionally, Owens Corning Inc (NYSE:OC) is set to acquire Masonite for $133 per share, a deal expected to close by mid-2024 without anticipated regulatory hurdles. The acquisition aligns with the ongoing consolidation in the building products industry. Masonite's 'Doors That Do More' strategy is expected to drive consistent revenue and margin performance.

Portfolio Pulse from Lekha Gupta

February 21, 2024 | 6:11 pm

NVDA

Truist analyst William Stein reiterated a Buy rating on Nvidia Corp (NASDAQ:NVDA) with a price target of $691, ahead of its Q4 2023 results due on February 21, 2024. Stein anticipates Nvidia to surpass its performance expectations, continuing its trend of exceeding revenue and EPS forecasts. Nvidia has guided for $20 billion in sales and $4.47 in EPS for Q4 2024. The company's strong demand in its supply chain and innovative product pipeline, including the Grace CPU and H200 GPU, support a bullish outlook despite industry cyclicality concerns. Nvidia's significant sales in AI-related products and services highlight its solid market position. NVDA shares traded lower by 3.43% at $670.55 recently.

Portfolio Pulse from Anusuya Lahiri

February 21, 2024 | 6:05 pm

BUG

DIA

NVDA

PANW

QQQ

SPY

Wall Street experienced a downturn ahead of the Federal Reserve meeting minutes and Nvidia's earnings report. Cybersecurity stocks, notably Palo Alto Networks, faced significant losses, impacting the Global X Cybersecurity ETF. Energy stocks outperformed due to a rise in natural gas prices. Major indices and ETFs like SPY, DIA, and QQQ saw declines, while specific stocks reacted to earnings reports or anticipated earnings.

Portfolio Pulse from Piero Cingari

February 21, 2024 | 6:04 pm

PLYA

Playa Hotels & Resorts (NASDAQ:PLYA) is scheduled to release its quarterly earnings report on February 22, 2024, with an estimated EPS of $0.02. Analysts and investors are keen on whether PLYA will surpass this estimate and provide positive guidance for the next quarter. Historical data shows mixed reactions in stock price to past earnings performances. Shares are currently trading at $8.75, reflecting a 10.05% increase over the last 52 weeks.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 6:02 pm

POOL

Pool Corporation (NASDAQ:POOL) is scheduled to release its quarterly earnings report on February 22, 2024. Analysts predict an EPS of $1.25. Investors are keen on both the earnings outcome and the company's future guidance. Historical data shows mixed reactions to past earnings, with slight fluctuations in stock price post-earnings announcement. Pool's stock has seen a 7.12% increase over the last 52 weeks, indicating a positive outlook from long-term shareholders.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 6:02 pm

PRM

Perimeter Solutions (NYSE:PRM) is scheduled to release its quarterly earnings report on February 22, 2024, with analysts expecting an EPS of $-0.12. The company's past earnings performance shows mixed results, with a notable miss last quarter but a subsequent share price increase. Over the last year, PRM shares have declined by 36.12%, indicating potential investor concern ahead of the earnings announcement. Investors will be keenly watching for not only the earnings results but also the company's future guidance.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 6:02 pm

RCEL

AVITA Medical (NASDAQ:RCEL) is scheduled to release its quarterly earnings report on February 22, 2024. Analysts predict an EPS of $-0.37. The company's past earnings performance shows a mixed impact on its stock price, with significant fluctuations following earnings announcements. Shares of AVITA Medical have increased by 87.97% over the last 52 weeks, trading at $17.58 as of February 20. Investors are looking for a beat on the estimated EPS and positive guidance for future growth.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 6:02 pm

RMAX

RE/MAX Holdings (NYSE:RMAX) is scheduled to release its quarterly earnings report on February 22, 2024. Analysts predict an EPS of $0.29. The company's past earnings performance shows a mix of beats and misses, with the stock price reacting accordingly. Shares are currently trading at $9.15, down 53.86% over the last year. Investors are looking for positive guidance for the next quarter.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 6:01 pm

RLAY

Relay Therapeutics (NASDAQ:RLAY) is scheduled to release its quarterly earnings report on February 22, 2024, with an estimated EPS of $-0.73. Analysts and investors will be looking for the company to beat this estimate and provide positive guidance for future growth. Relay Therapeutics has a history of beating EPS estimates, which has sometimes led to an increase in share price. However, the stock has seen a 41.42% decline over the last 52 weeks, indicating long-term shareholders might be concerned. The upcoming earnings report and guidance will be critical for the stock's short-term performance.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 6:01 pm

SHYF

Shyft Group (NASDAQ:SHYF) is expected to report a quarterly EPS of $-0.03 on February 22, 2024. Analysts and investors are looking for an earnings beat and positive guidance for the next quarter. Historically, Shyft Group's share price has reacted variably to earnings reports, with a 3.57% drop after last quarter's beat. Over the last year, SHYF shares have declined by 57.64%, indicating potential investor concern ahead of this earnings release.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 6:01 pm