Streetbeat News

Earnings

ABNB

Recent options trading activity for Airbnb (NASDAQ:ABNB) shows a bearish sentiment, with 60% of trades being bearish. The trading volume and open interest suggest a price range of $125.0 to $152.5. Airbnb's current market position is strong, with a slight increase in stock price to $149.0 and an upcoming earnings announcement. Analyst ratings are mixed, with a consensus target price of $141.2.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 3:17 pm

APPS

Digital Turbine Inc (NASDAQ:APPS) shares fell after reporting Q3 results below expectations and issuing weak guidance. Q3 revenue was $142.63 million versus estimates of $146.21 million, and EPS was 15 cents, missing the 17 cents estimate. Year-over-year revenue decreased by 12%, with net cash from operating activities at $11.7 million and $14.3 million in adjusted free cash flow. The company forecasts full-year 2024 revenue between $547 million and $553 million, below the $572.46 million estimate, and adjusted EPS of 50 to 54 cents, under the 61 cents estimate. CEO Bill Stone remains optimistic about future growth despite near-term challenges. Roth MKM analyst Darren Aftahi maintained a Neutral rating on APPS but lowered the price target from $5.50 to $4.50.

Portfolio Pulse from Adam Eckert

February 08, 2024 | 3:17 pm

NWS

NWSA

News Corporation shares are trading higher following the announcement of their Q2 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 3:13 pm

CYBR

CyberArk Software Ltd (NASDAQ:CYBR) stock soared after reporting a 32% year-on-year increase in Q4 revenue to $223.1 million, surpassing the consensus of $209.7 million. The company also beat EPS estimates with $0.81 compared to the consensus of $0.47. Subscription revenues grew by 70% Y/Y, and the company saw a 36% increase in Annual Recurring Revenue (ARR) to $774 million. CyberArk ended the quarter with $1.3 billion in cash and equivalents, and provided an optimistic outlook for Q1 and FY24, expecting revenues and EPS above consensus estimates.

Portfolio Pulse from Anusuya Lahiri

February 08, 2024 | 3:10 pm

DT

Dynatrace's stock price is trading lower following the announcement of their Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 3:10 pm

MAS

Masco Corporation's shares surged following the announcement of its Q4 financial results, which exceeded expectations. Additionally, the company provided an optimistic forecast for its FY24 adjusted EPS, surpassing analysts' estimates.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 3:09 pm

MAS

Masco Corporation has revised its FY24 adjusted EPS forecast to $4.00-$4.25, surpassing the previous estimate of $3.97. The company expresses confidence in its ability to deliver long-term shareholder value.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 3:05 pm

DE

TTC

Deere (NYSE:DE) is set to pay a dividend of $1.47 per share on February 08, 2024, with an annualized yield of 1.63%. The dividend payout has been increasing, with the per-share amount rising from $3.04 in 2020 to $5.32 in 2023. Deere's earnings have also grown, from $8.70 per share in 2020 to $34.66 per share in 2023, indicating a strong financial position. Deere leads in dividend yield among its peers, with Toro (NYSE:TTC) having the next highest yield at 1.53%.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 3:05 pm

ECO

KNOP

KNOT Offshore Partners (NYSE:KNOP) announced a dividend payout of $0.03 per share with an annualized yield of 1.73%. This marks a significant decrease from previous years, where dividends were as high as $0.52 per share. The company's earnings per share also declined from $1.97 in 2020 to $0.79 in 2023, indicating potential financial challenges. Okeanis Eco Tankers (NYSE:ECO) is mentioned for comparison, boasting the highest annualized dividend yield at 18.70% among industry peers.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 3:05 pm

BRY

DMLP

Dorchester Minerals (NASDAQ:DMLP) announces a dividend payout of $1.01 per share with an annualized yield of 12.73%, payable on February 8, 2024, to shareholders of record as of January 29, 2024. The company has shown a consistent increase in dividend per share from $1.39 in 2020 to $3.40 in 2023, alongside a growth in earnings per share from $0.79 to $2.65 over the same period. This indicates a healthy financial status and a potential to maintain dividend distributions. Berry Corp (NASDAQ:BRY) is noted for having the highest annualized dividend yield among peers at 15.04%.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 3:05 pm