Streetbeat News

Earnings

NGD

New Gold (AMEX:NGD) is scheduled to release its quarterly earnings report on February 13, 2024, with an estimated EPS of $0.02. Analysts and investors are keen on not just the earnings beat but also the company's guidance for future growth. Historically, New Gold's share price has shown varied reactions to its earnings performance, with a 26.14% increase over the last 52 weeks. The company's stock was trading at $1.19 as of February 09.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 9:01 pm

FANG

Diamondback Energy (NASDAQ:FANG) received mixed analyst ratings with a shift towards a more cautious outlook in the last quarter. Despite a slight decrease in the average 12-month price target to $187.25 from $188.00, the company's financial performance remains strong with a notable net margin and ROA. However, challenges such as a -3.85% decline in revenue growth and a below-average ROE were highlighted. The company's market position is solid, with a significant scale and robust market presence.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 9:00 pm

CCL

Recent options trading activity for Carnival (NYSE:CCL) indicates a bearish sentiment among big-money investors, with a notable split between bullish (31%) and bearish (68%) trades. Benzinga's options scanner revealed 19 unusual options trades, with a focus on a price range between $10.0 and $20.0 for CCL. The trading volume and open interest analysis suggest increased investor interest in this range. Carnival, the largest global cruise company, has seen its stock price slightly increase by 0.26% to $15.35, with an upcoming earnings report in 42 days. An analyst from Truist Securities maintains a Hold rating with an $18 price target.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 8:46 pm

KFFB

Kentucky First Federal (NASDAQ:KFFB) reported a significant decrease in its quarterly earnings, posting a loss of $(0.05) per share compared to a gain of $0.04 per share from the same period last year, marking a 225% decrease.

Portfolio Pulse from Happy Mohamed

February 12, 2024 | 8:42 pm

SHOP

Shopify Inc (NYSE:SHOP) is set to report its Q4 earnings on Feb. 13, with Wall Street expecting 31 cents in EPS and $2.08 billion in revenues. The company has seen a robust 2023, focusing on profitability and a return to pre-COVID growth rates. Despite its strong position, analysts express caution due to its high valuation, with a TTM P/E of 197.22 and a forward P/E of 132.87. Analyst consensus rates SHOP as Neutral with a price target of $55.26, while the stock trades at $90.64.

Portfolio Pulse from Surbhi Jain

February 12, 2024 | 8:06 pm

V

Oppenheimer analyst Dominick Gabriele reiterated an Outperform rating on Visa Inc. (NYSE:V) with a price target of $297, highlighting the company's potential to benefit from the shift from paper currency to electronic payments. Visa's value-added-service (VAS) growth is expected to remain robust, with a forecasted adjusted EPS of $2.44 for the second quarter. The company's revenue growth was 11.41% in FY23, and its performance is influenced by macroeconomic factors such as interest rates and inflation. Visa's stock has experienced average annual growth of 9.39%, outperforming its peers.

Portfolio Pulse from Nabaparna Bhattacharya

February 12, 2024 | 8:02 pm

KLAC

KLA (NASDAQ:KLAC) has been analyzed by 16 analysts, showing a diverse range of perspectives with recent evaluations leading to an average 12-month price target of $634.69, an 11.84% increase from the previous target. The company's financial performance indicates challenges in revenue growth with a -16.66% decline, yet it maintains strong profitability metrics such as a net margin of 23.43% and ROE of 19.31%. Concerns are raised over its high debt-to-equity ratio of 2.0.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 8:01 pm

PANW

Palo Alto Networks (NASDAQ:PANW) received mixed ratings from 22 analysts, with a shift towards more bullish sentiments in recent months. The average 12-month price target is $312.82, marking a 9.76% increase from the previous target. Analysts' actions include raising and maintaining ratings, reflecting adjustments to market conditions and company performance. Palo Alto Networks, a cybersecurity vendor, shows strong financial performance with a 20.13% revenue growth rate, a net margin of 10.34%, and an ROE of 9.91%, outperforming industry averages.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 8:01 pm

HOOD

Robinhood Markets (NASDAQ:HOOD) has seen significant options activity, with a bullish sentiment prevailing among financial giants. Analysis revealed 23 unusual trades, with 60% being bullish. The options activity targets a price range of $9.0 to $20.0 for HOOD. Currently, HOOD's stock is up by 1.82%, trading at $11.76, with an RSI suggesting it may be approaching overbought territory. An earnings release is anticipated in 1 day, and Mizuho analyst maintains a Buy rating with a target price of $15.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 8:00 pm

AVGO

Broadcom (NASDAQ:AVGO) received diverse analyst ratings over the past quarter, with a shift towards more bullish sentiments in the last 30 days. The average 12-month price target for AVGO is $1158.33, marking a 17.9% increase from the previous target of $982.50. Analysts from firms like Cantor Fitzgerald, Goldman Sachs, and Citigroup have maintained or raised their ratings, reflecting optimism about Broadcom's performance. Broadcom, a major player in the semiconductor and software industries, shows strong financial indicators such as a high net margin and ROE, despite a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 8:00 pm