Streetbeat News

Earnings

ED

Consolidated Edison (NYSE:ED) is scheduled to release its quarterly earnings report on February 15, 2024, with an expected EPS of $0.96. Analysts and investors are particularly interested in the company's guidance for future growth. The company's past earnings performance shows a mix of hits and misses against EPS estimates, with minor share price fluctuations following the announcements. Currently, shares are trading at $86.67, marking a 5.19% decline over the last year. This performance trend and the upcoming earnings report are critical for investors.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 8:01 pm

MERC

Mercer Intl (NASDAQ:MERC) is scheduled to release its quarterly earnings report on February 15, 2024, with analysts expecting an EPS of $-0.54. The company's past performance shows a mix of earnings beats and misses, with significant share price movements following the announcements. Shares are currently trading at $7.6, down 34.24% over the last year. Investors are looking for positive guidance for the next quarter.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 8:01 pm

MYTE

MYT Netherlands Parent (NYSE:MYTE) is scheduled to release its quarterly earnings report on February 15, 2024, with an estimated EPS of $0.00. The company's past earnings performance shows a mixed record of beating EPS estimates but generally negative stock price reactions post-earnings. Shares are currently trading at $2.68, reflecting a 73.87% decline over the last 52 weeks. Investors are looking for positive guidance for the next quarter.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 8:01 pm

TROX

Tronox Holdings (NYSE:TROX) is scheduled to release its quarterly earnings report on February 15, 2024, with analysts expecting an EPS of $0.00. The company's past earnings performance shows mixed results, with a notable miss last quarter but a subsequent 4.6% increase in share price. Over the last year, TROX shares have declined by 16.51%, indicating a bearish sentiment among long-term shareholders. Investors will be keenly watching for not only the earnings results but also the company's guidance for future growth.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 8:01 pm

ASC

Ardmore Shipping (NYSE:ASC) is expected to report an EPS of $0.62 for its latest quarterly earnings on February 15, 2024. Historical data shows a pattern of share price movement post-earnings announcement, with a mix of positive and negative reactions. The company's past performance includes beating EPS estimates in previous quarters. Shares are currently trading at $16.41, reflecting a 13.11% decrease over the last 52 weeks. Investors are looking for positive guidance for the next quarter.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 8:01 pm

ACN

Analyst ratings for Accenture (NYSE:ACN) over the last quarter show a mix of bullish to bearish sentiments among 7 analysts, with a shift towards more neutral positions in the last 30 days. The average 12-month price target for ACN is now $385.71, marking a 10.68% increase from the previous target of $348.50. Recent analyst actions include ratings and price target adjustments by firms such as Baird, Mizuho, UBS, Morgan Stanley, BMO Capital, and Wedbush, reflecting changes in market conditions and company performance. Accenture's financial indicators, such as market capitalization, revenue growth, net margin, ROE, and ROA, suggest strong market presence and financial health.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 8:00 pm

BRK

KHC

Kraft Heinz Company (NASDAQ:KHC) reported Q4 2023 sales of $6.86 billion, a 7.1% decrease Y/Y, missing consensus estimates. Organic Net Sales decreased by 0.7%. The company faced challenges from higher input costs, leading to price increases and a decline in volume/mix. Adjusted EPS was $0.78, down 8.2% Y/Y but above consensus. For 2024, Kraft Heinz expects adjusted earnings of $3.01 to $3.07 per share and anticipates organic sales growth between flat to 2%. Shares fell 6.17% to $33.90. Berkshire Hathaway (NYSE:BRK), with Kraft Heinz as its 7th top holding, may also be impacted.

Portfolio Pulse from Vandana Singh

February 14, 2024 | 7:51 pm

DIS

Nelson Peltz, CEO of Trian Partners and Disney's largest shareholder, criticizes Disney's management and recent announcements, claiming they lack substance. Despite Disney's efforts to improve shareholder value through dividends and a share repurchase program, Peltz remains unimpressed, highlighting the company's underperformance compared to the S&P 500 and questioning the long-term viability of their financial strategies. Peltz has nominated two directors for Disney's 2024 annual meeting as part of an ongoing proxy battle, advocating for a refreshed board and strategic changes to enhance shareholder value.

Portfolio Pulse from Adam Eckert

February 14, 2024 | 7:37 pm

RCAT

Red Cat Holdings reported an estimated revenue of approximately $7M for Q4 2024, aligning with the $7M revenue estimate.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 7:36 pm

RCAT

Red Cat Holdings reported a preliminary Q3 2024 revenue of approximately $5.8 million, surpassing the estimated $5.0 million.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 7:35 pm