Streetbeat News

Earnings

DKNG

DraftKings CEO Jason Robins appeared live on CNBC to discuss the company's earnings report. The discussion likely covered financial performance, future outlook, and possibly strategic initiatives following the earnings announcement.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 4:22 pm

PRLD

Prelude Therapeutics shares surged following the announcement of an increase in their FY23 EPS results compared to the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 4:12 pm

PCOR

Procore Technologies, Inc. (NASDAQ:PCOR) exceeded Q4 earnings and sales expectations, with adjusted earnings of 17 cents per share against an estimate of 7 cents, and sales of $260.04 million versus the expected $248.27 million. The company also highlighted its achievement of surpassing $1B in total annual recurring revenue and its status as a top workplace in technology. Following the report, Piper Sandler and Keybanc raised their price targets for PCOR, with shares increasing by 0.8% to $75.18.

Portfolio Pulse from Avi Kapoor

February 16, 2024 | 4:06 pm

YETI

Analysts have provided mixed ratings for YETI Holdings (NYSE:YETI) with a recent shift towards a more cautious stance. Over the past three months, 5 analysts have offered ratings, with a current average price target of $43.6, down from $44. This reflects a slight decrease in optimism, as evidenced by adjustments in ratings and price targets by key analysts. YETI Holdings, known for its premium outdoor and recreation products, has shown strong financial performance with a notable market capitalization, revenue growth, and profitability metrics such as net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 4:00 pm

META

The analysis compares Meta Platforms (NASDAQ:META) against competitors in the Interactive Media & Services industry, highlighting its financial metrics, market position, and growth prospects. Meta shows a low PE ratio, suggesting undervaluation, but high PB and PS ratios indicate its stock might be overvalued based on book value and sales. With a high ROE, EBITDA, gross profit, and revenue growth, Meta outperforms industry averages, showcasing strong financial health and performance.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 4:00 pm

NVDA

NVIDIA (NASDAQ:NVDA) is analyzed in comparison to its competitors in the Semiconductors & Semiconductor Equipment industry, focusing on financial indicators and market standing. NVIDIA shows strong financial performance with a high ROE, EBITDA, gross profit, and exceptional revenue growth. However, its P/E ratio suggests it might be undervalued, while high P/B and P/S ratios indicate potential overvaluation relative to book value and sales. NVIDIA's lower debt-to-equity ratio compared to top peers suggests a strong financial position.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 4:00 pm

ATHM

BIDU

CANG

CVNA

KXIN

Autohome Inc. (ATHM) reported a 4% increase in net profit to 1.88 billion yuan for the last year, with sales of new energy vehicles (NEVs) soaring by nearly 82%. The company's collaboration with Baidu (BIDU) on artificial intelligence and big data aims to enhance its service offerings. Despite rising costs, Autohome's strategic investments and focus on NEVs and the used car market are positioning it for growth. Its P/S ratio significantly exceeds that of peers Cango (CANG), Kaixin Auto (KXIN), and Carvana (CVNA), indicating strong investor confidence.

Portfolio Pulse from The Bamboo Works

February 16, 2024 | 3:51 pm

DTM

DT Midstream, Inc. (NYSE:DTM) reported Q4 fiscal 2023 operating earnings of $121 million, surpassing the previous quarter's $91 million. Adjusted EPS rose to $1.24 from $0.94, beating consensus estimates of $0.92. The company also announced a 7% dividend increase to $0.735 per share and provided positive guidance for 2024 and an early outlook for 2025. DTM shares rose 4.04% to $54.55.

Portfolio Pulse from Akanksha Bakshi

February 16, 2024 | 3:50 pm

MRVL

Recent options trading activity for Marvell Tech (NASDAQ:MRVL) shows a bearish sentiment among investors, with 58% of trades being bearish and 42% bullish. The trading volume and open interest suggest a price target range of $30.0 to $95.0. Notable options activity includes both bullish and bearish positions, with significant trades for both puts and calls. Marvell Technology, a leading fabless chip designer, currently has its stock price slightly down at $67.29, with analysts giving an average target price of $79.0. The company is approaching its next earnings release in 20 days.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 3:46 pm

JNJ

Recent options market activity indicates a bearish sentiment towards Johnson & Johnson (JNJ), with 75% of trades being bearish. The options trading suggests a price range of $155.0 to $165.0 for JNJ in the next three months. Analysts have mixed views, with an average price target of $199.0, but recent downgrades suggest caution. JNJ's current market price is $156.51, with a slight decrease of -0.14% and an RSI indicating potential oversold conditions. The company is preparing to divest its consumer group under the name Kenvue in 2023.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 3:46 pm