Streetbeat News

Earnings

NTR

Nutrien (NYSE:NTR) is scheduled to release its quarterly earnings report on February 21, 2024, with analysts expecting an EPS of $0.66. The company's past earnings performance shows a mix of misses and beats, with the stock price reacting variably. Shares are currently trading at $51.12, down 34.12% over the last year. Investors are looking for positive guidance for the next quarter.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 2:01 pm

SU

Suncor Energy (NYSE:SU) is scheduled to release its quarterly earnings report on February 21, 2024, with analysts expecting an EPS of $1.06. Historical data shows that Suncor's stock price reacts more significantly to guidance than to earnings beats or misses. Last quarter, Suncor beat the EPS estimate by $0.23, leading to a 3.57% increase in its share price. Over the last year, SU shares have increased by 1.07%, trading at $33.07 as of February 19.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 2:01 pm

EXAS

Exact Sciences (NASDAQ:EXAS) is scheduled to release its quarterly earnings report on February 21, 2024, with analysts estimating an EPS of $-0.46. The company's past earnings performance shows mixed results with both beats and misses compared to estimates, leading to varied stock price reactions. Shares are currently trading at $60.97, down 5.64% over the last 52 weeks, indicating a bearish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 2:00 pm

RIVN

TSLA

Rivian Automotive Inc (NASDAQ:RIVN) is set to report its Q4 earnings on Feb. 21, with Wall Street expecting a negative $1.32 EPS and $1.26 billion in revenues. The stock has faced a 21% decline over the past year and is currently showing a bearish 'Death Cross' technical indicator. Analyst consensus rates RIVN as a Buy with a target price of $23.46, though Barclays downgraded it to Equal Weight with a $16 target. Rivian's rival, Tesla (NASDAQ:TSLA), is also mentioned in the context of the EV industry.

Portfolio Pulse from Surbhi Jain

February 20, 2024 | 2:00 pm

OMI

Owens & Minor's shares surged following the announcement of their Q4 FY23 earnings surpassing expectations, along with the release of their 2024 guidance.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 2:00 pm

TSLA

Tesla, Inc. (TSLA) shares dropped in premarket trading due to rumors of declining electric vehicle demand in China, a crucial market for Tesla. Sales data indicated a decrease in Tesla's EV sales in China, with 8,200 units sold in the week of Feb 5-18, down from 10,600 units the previous week. Analyst Gordon Johnson from GLJ Research highlighted the sales drop and reduced first-quarter delivery estimates by TroyTeslike due to production issues. Johnson remains bearish on Tesla, predicting that EV manufacturing will prove unprofitable by 2024.

Portfolio Pulse from Shanthi Rexaline

February 20, 2024 | 1:59 pm

HD

Home Depot's stock is trading lower following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 1:53 pm

TCMD

Tactile Systems Technologies projects its FY24 revenue to be between $300M-$305M, which is below the estimated $309.197M.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 1:50 pm

BABA

PDD

Alibaba Group Holding Ltd (NYSE:BABA) is focusing on expanding its international e-commerce business, which saw a 44% revenue increase to $4 billion in the December quarter, contrasting with a modest 2% growth in its core businesses, Taobao and Tmall Group. CEO Eddie Wu, succeeding Daniel Zhang, aims to invest in user experiences, public cloud products, and international commerce growth. Alibaba faces competition from PDD Holdings Inc (NASDAQ:PDD) and others. Despite challenges, Alibaba's stock rose close to 3% last week, with notable investments from figures like Michael Burry and institutions such as Renaissance Technologies.

Portfolio Pulse from Anusuya Lahiri

February 20, 2024 | 1:50 pm

CNP

CenterPoint Energy, Inc. (CNP) reported Q4 adjusted earnings per share of 32 cents, aligning with expectations and marking a 14% year-over-year increase. This growth was driven by regulatory recovery and a one-time tax benefit. Additionally, CNP announced the sale of its Louisiana and Mississippi natural gas operations to Bernhard Capital Partners for $1.2 billion, representing less than 4% of its rate base. The sale will fund a $1 billion boost to its capital plan, now totaling $44.5 billion through 2030. CNP reaffirmed its 2024 EPS guidance, indicating an 8% growth.

Portfolio Pulse from Nabaparna Bhattacharya

February 20, 2024 | 1:49 pm