Streetbeat News

Earnings

ADI

Analog Devices (NASDAQ:ADI) is scheduled to release its quarterly earnings report on February 21, 2024. Analysts predict an EPS of $1.71. The company's past earnings performance shows mixed results with slight fluctuations in stock price post-earnings announcement. Shares are currently trading at $188.24, with a 1.85% increase over the last 52 weeks. Investors are looking for positive guidance for the next quarter beyond the EPS beat.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 5:00 pm

ZTS

Four analysts have recently updated their ratings on Zoetis (NYSE:ZTS), showing a mix of bullish and somewhat bullish sentiments. The average 12-month price target for Zoetis is now $234.00, marking a 6.36% increase from the previous target of $220.00. Analysts from Piper Sandler, Barclays, Goldman Sachs, and Jefferies have raised their price targets, reflecting optimism about Zoetis's future performance. The company, a leader in animal health products, has shown strong financial health with a positive revenue trend, high net margin, and exceptional ROE and ROA, despite a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 5:00 pm

KBR

KBR, Inc. (NYSE:KBR) reported Q4 adjusted earnings per share of 69 cents, matching expectations, but missed quarterly sales estimates with $1.73 billion versus the expected $1.787 billion. Year-over-year, revenue rose 8%, and adjusted EBITDA increased by 20%. The company's backlog increased by 10% to $21.7 billion. KBR raised its quarterly dividend by 11% to $0.15 per share and replenished its share repurchase authorization to $500 million. For FY24, KBR forecasts revenue between $7.4 billion and $7.7 billion, slightly below the $7.73 billion estimate, with adjusted EPS of $3.10-$3.30, against an estimate of $3.26. KBR shares rose 4.33% to $57.69.

Portfolio Pulse from Nabaparna Bhattacharya

February 20, 2024 | 4:56 pm

AXSM

Axsome Therapeutics' stock price declined following the announcement of worse-than-expected Q4 earnings per share (EPS) results.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 4:55 pm

BHP

BHP Group shares are trading lower following the release of their 1H earnings report.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 4:50 pm

FLR

Fluor Corp (NYSE:FLR) reported a Q4 fiscal 2023 revenue of $3.82 billion, missing the consensus of $4.11 billion, with a net loss of $21 million compared to net earnings of $9 million a year ago. Despite this, adjusted EPS improved to $0.68, beating the consensus of $0.57. The company saw a total new awards of $7.6 billion, up from $4.6 billion a year ago, and expects improved cash flow conversion in 2024 with adjusted EBITDA of $600 million to $700 million and adjusted EPS of $2.50 to $3.00. FLR shares traded lower by 10.46% at $37.73.

Portfolio Pulse from Akanksha Bakshi

February 20, 2024 | 4:47 pm

SMMT

Summit Therapeutics shares are trading lower following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 4:38 pm

GLD

QQQ

SPY

USO

VZIO

WMT

Walmart Inc's (NYSE:WMT) recent earnings report showed a beat on estimates, with significant e-commerce sales and a dividend increase, but painted a tepid consumer spending picture. The report is contrary to stock market bulls' expectations of continued excess consumer spending. Walmart's stock rise is partly due to its acquisition of Vizio Holding Corp (NYSE:VZIO). Early trade money flows are neutral for Microsoft Corp (NASDAQ:MSFT), negative for several tech giants and ETFs like SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust Series 1 (NASDAQ:QQQ), and positive for gold and oil, with popular ETFs being SPDR Gold Trust (NYSE:GLD) and United States Oil ETF (NYSE:USO).

Portfolio Pulse from The Arora Report

February 20, 2024 | 4:35 pm

AMZN

META

NFLX

The article discusses the performance of leading growth stocks, particularly Meta Platforms (META), Amazon.com (AMZN), and Netflix (NFLX), in the context of the broader market trends. Despite a less bullish market in February compared to the previous months, these stocks have shown resilience by maintaining their gains after a significant price gap in early 2023. The article emphasizes the importance of watching these stocks as indicators of market direction, noting their recent failure to break out of a post-gap price range, which could signal future market movements.

Portfolio Pulse from David Keller

February 20, 2024 | 4:27 pm

LUNR

Intuitive Machines Inc (NASDAQ:LUNR) shares have surged over 90% in the last five trading sessions, driven by progress in its IM-1 mission to the Moon. The company's Nova-C class lunar lander, launched on SpaceX's Falcon 9 rocket, is on track for a lunar landing. The mission's success and high social media attention, alongside a low float and high short interest, have contributed to the stock's rally. Intuitive Machines is expected to report Q4 financial results soon, with analysts predicting a loss and specific revenue figures.

Portfolio Pulse from Adam Eckert

February 20, 2024 | 4:22 pm