Streetbeat News

Earnings

FLNG

Flex LNG (NYSE:FLNG) is scheduled to release its quarterly earnings report on February 7, 2024. Analysts predict an EPS of $0.67. Investors are hopeful for an earnings beat and positive guidance for the next quarter. Flex LNG's past performance shows mixed results with slight price changes post-earnings. Currently, shares are trading at $28.48, marking a 7.72% decrease over the last 52 weeks. This performance indicates general dissatisfaction among long-term shareholders.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 7:01 pm

MSGE

Madison Square Garden (NYSE:MSGE) is scheduled to release its quarterly earnings report on February 7, 2024. Analysts predict an EPS of $1.91. Despite missing the EPS estimate by $0.25 last quarter, MSGE's stock price increased by 2.25% the following day. Shares are currently trading at $33.65, with an 11.97% increase over the last year. Investors are optimistic but will be closely watching the company's guidance for future growth.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 7:01 pm

VNDA

Vanda Pharma (NASDAQ:VNDA) is scheduled to release its quarterly earnings report on February 7, 2024, with analysts expecting an EPS of $-0.09. The company's past earnings performance shows a mixed impact on its stock price, with the last quarter's beat leading to a 21.94% drop. Shares are currently trading at $3.47, down 47.48% over the last year. Investors are looking for positive guidance for the next quarter.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 7:01 pm

VRTX

Vertex Pharmaceuticals (VRTX) shares dropped after the company announced its Q4 financial results and provided future guidance. Additionally, Evercore ISI downgraded VRTX from Outperform to In-Line, contributing to the negative sentiment.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 7:01 pm

FTNT

Recent options trading activity in Fortinet (NASDAQ:FTNT) has shown a bearish trend among big-money investors, with a split sentiment of 47% bullish and 52% bearish. Benzinga's options scanner identified 17 unusual options trades, with a focus on a price band between $25.0 and $75.0. The trading activity includes both puts and calls, with significant trades highlighted in the article. Fortinet, a cybersecurity vendor, is currently trading at $66.41, with a neutral RSI and an anticipated earnings release imminent.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 7:00 pm

BABA

Alibaba Group Holding (NYSE:BABA) is scheduled to release its quarterly earnings report on February 7, 2024. Analysts predict an EPS of $2.73. The focus will be on whether Alibaba beats this estimate and provides positive guidance for the next quarter. Historically, Alibaba's share price has reacted negatively to past earnings reports, despite beating EPS estimates. Shares are currently trading at $74.63, down 26.1% over the last year, indicating investor concern ahead of the earnings release.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 7:00 pm

PLUG

Over the last three months, 25 financial analysts have provided diverse opinions on Plug Power (NASDAQ:PLUG), with recent ratings showing a shift towards a more cautious stance. The average 12-month price target has been adjusted to $5.14, significantly lower than the previous $8.04, indicating a downward trend in expectations. Analysts' actions, ranging from maintaining to lowering ratings and price targets, reflect changing market conditions and company performance. Plug Power's financials show a mix of positive revenue growth but challenges in net margin, ROE, and ROA, with a sound debt management position.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 7:00 pm

TELL

Tellurian Inc. (TELL) is exploring the sale of its Haynesville upstream assets, including natural gas assets and drilling locations, to reduce debt and support the development of Driftwood LNG. The company produced 19.5 Bcf of natural gas in Q3 2023 and aims to leverage alternative gas supply strategies, deeming the ownership of upstream assets unnecessary at this stage. The sale is expected to reduce general and administrative expenses and provide additional cash, avoiding equity issuance for 2024 development activities.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 6:52 pm

WAT

Waters Corporation (NYSE:WAT) reported Q4 full-year 2023 sales of $819.47 million, surpassing analyst expectations. Despite a quarterly revenue decline of 4.5%, the company beat the Wall Street earnings estimate with an adjusted EPS of $3.62. Gross and adjusted operating margins improved, while sales varied by region, with significant declines in China. The company provided a cautious outlook for 2024, expecting slight organic constant currency sales growth and projecting a decrease in Q1 sales.

Portfolio Pulse from Nabaparna Bhattacharya

February 06, 2024 | 6:34 pm

ZENV

Zenvia's stock price increased following the announcement of agreements to address its funding gap and the introduction of EBITDA guidance for 2024.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 6:30 pm