Streetbeat News

Earnings

COST

In the past three months, 21 analysts have provided diverse ratings for Costco Wholesale (NASDAQ:COST), with a shift towards more bullish views in recent evaluations. The average 12-month price target for COST has increased to $667.05, up 7.14% from $622.59, indicating a positive outlook on the stock. Analysts from firms like Oppenheimer, Tigress Financial, and Truist Securities have raised their price targets, reflecting optimism about Costco's market performance and financial health. Costco's business model, strong market presence, and financial indicators such as revenue growth, net margin, and ROE support the analysts' positive ratings.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 7:00 pm

MCD

McDonald's (NYSE:MCD) is anticipated to report an EPS of $2.82 in its upcoming quarterly earnings on 2024-02-05. Historical data shows a pattern of share price movements post-earnings announcements, with a 0.78% increase after last quarter's beat. Shares are currently at $298.08, marking a 10.51% rise over the last year. Investors are advised to watch for the earnings outcome and particularly the company's guidance for future growth.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 7:00 pm

SHEL

Piper Sandler analyst Ryan M. Todd reaffirmed an Overweight rating on Shell PLC (NYSE:SHEL) with a price target of $75, despite Q4 revenue missing consensus. The quarter saw strong upstream performance offset by downstream and renewables weakness. Shell reported a Q4 revenue of $78.73 billion, missing the $84.71 billion consensus, but adjusted earnings per ADS were $2.22, above the $0.97 consensus. The company also announced a 4% annual dividend increase and a $3.5 billion buyback program.

Portfolio Pulse from Nabaparna Bhattacharya

February 02, 2024 | 6:58 pm

AFRM

Truist analyst Andrew W. Jeffrey reiterated a Buy rating on Affirm Holdings Inc (NASDAQ:AFRM) with a price target of $60, highlighting the recent dip as an opportunity. Despite a 19% year-to-date decline, Jeffrey is optimistic about Affirm's potential, citing expected gains in Enterprise customer share, stable credit trends, better-than-expected RLTC, and strong liquidity. He also sees significant growth potential for BNPL, projecting Affirm could become a nearly $16 billion revenue company.

Portfolio Pulse from Anusuya Lahiri

February 02, 2024 | 6:49 pm

PLTR

Palantir Technologies Inc. (NYSE:PLTR) is set to release its Q4 and fiscal year 2023 financial results, with expectations of 8 cents per share and $602.4 million in revenue. The company announced partnerships with Coles Supermarkets Australia and Carahsoft Canada, aiming to expand its commercial and government solutions. Despite a 3% YTD decline, PLTR shares have gained over 85% in 2023. Analysts predict a significant downside with an average 1-year price target of $7.67, contrasting with the current price of $16.64.

Portfolio Pulse from Erica Kollmann

February 02, 2024 | 6:35 pm

CTVA

Corteva, Inc. (NYSE:CTVA) reported better-than-expected Q4 earnings, with adjusted earnings of 15 cents per share beating estimates of 6 cents. Quarterly sales were $3.71 billion, a 3.08% decrease year-over-year. The company forecasts 2024 net sales between $17.4 billion and $17.7 billion, with adjusted earnings between $2.70 and $2.90 per share, below the $3.01 estimate. Corteva plans to repurchase approximately $1 billion shares in 2024. Following the earnings report, analysts from Barclays, Wells Fargo, Keybanc, RBC Capital, and Oppenheimer raised their price targets on Corteva.

Portfolio Pulse from Avi Kapoor

February 02, 2024 | 6:34 pm

CPT

Camden Property Trust (CPT) reported a Q4 Core Adjusted Funds From Operations (AFFO) of $1.44, with sales amounting to $387.59M, surpassing the estimated $387.32M. This indicates a positive performance against market expectations.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 6:29 pm

META

SNAP

Meta Platforms (NASDAQ:META) reported Q4 earnings surpassing expectations with revenue and EPS ahead of estimates, announcing its first quarterly dividend. Analysts from Goldman Sachs, Guggenheim, Roth MKM, Wedbush, Truist Securities, and Oppenheimer raised their price targets, citing efficiency, advertising strength, and potential for long-term growth. The positive outlook for Meta also led to an upgrade for Snap Inc (NYSE:SNAP) by Guggenheim, highlighting Meta's advertising pricing power as a positive indicator for Snap.

Portfolio Pulse from Chris Katje

February 02, 2024 | 6:26 pm

MTG

MGIC Investment Corporation (NYSE:MTG) reported Q4 earnings surpassing expectations with adjusted earnings of 67 cents per share against estimates of 57 cents. However, sales of $283.96 million fell short of the expected $292.72 million. CEO Tim Mattke highlighted the company's successful year and its readiness for 2024. Following the report, RBC Capital and Roth MKM raised their price targets for MTG, despite a slight 0.4% drop in its shares to $19.90.

Portfolio Pulse from Avi Kapoor

February 02, 2024 | 6:25 pm

CING

DECK

INBS

META

SKX

Skechers U.S.A., Inc. (SKX) shares fell by approximately 7% after reporting mixed Q4 financial results, missing revenue estimates but beating EPS expectations. Other stocks showed significant movement, with notable gainers including Intelligent Bio Solutions Inc. (INBS), Meta Platforms, Inc. (META), and Deckers Outdoor Corporation (DECK), among others. Losers included Cingulate Inc. (CING), MedAvail Holdings, Inc. (MDVL), and Scienjoy Holding Corporation (SJ), with various reasons for their declines.

Portfolio Pulse from Avi Kapoor

February 02, 2024 | 6:18 pm