Streetbeat News

Earnings

CMI

Cummins (NYSE:CMI) is scheduled to release its quarterly earnings report on February 6, 2024, with an estimated EPS of $4.48. The company's past earnings performance shows mixed results, with a slight beat last quarter leading to a 3.64% increase in share price. However, over the last 52 weeks, Cummins shares have declined by 3.28%. 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 05, 2024 | 3:00 pm

TSN

Tyson Foods Inc (NYSE:TSN) shares surged after reporting first-quarter FY24 results with sales slightly up by 0.4% Y/Y to $13.32 billion, surpassing analyst expectations. Despite a decrease in gross profit and adjusted operating income, adjusted EPS of $0.69 beat the consensus of $0.41. The company reaffirmed its FY24 outlook, expecting sales to be relatively flat Y/Y. Tyson's stock price increased by 7.2% to $60.43.

Portfolio Pulse from Lekha Gupta

February 05, 2024 | 2:54 pm

GDC

JFIN

SOGP

SPHR

TGNA

The article highlights notable value stocks in the communication services sector, focusing on companies with low P/E multiples, indicating potential undervaluation. Tegna, Jiayin Gr, Sound Group, GD Culture Group, and Sphere Entertainment are featured for their financial metrics and recent earnings performance. Tegna's Q3 earnings per share decreased by 11.36% from Q2, while its dividend yield increased. Jiayin Gr, Sound Group, GD Culture Group, and Sphere Entertainment also reported changes in their earnings per share, with significant decreases highlighted for GD Culture Group and Sphere Entertainment.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 2:45 pm

KPRX

PROC

QNRX

SLDB

VYGR

The article highlights five healthcare sector stocks considered as value stocks due to their low P/E multiples, indicating potential undervaluation. These include Kiora Pharmaceuticals (KPRX), Voyager Therapeutics (VYGR), Quoin Pharmaceuticals (QNRX), Procaps Gr (PROC), and Solid Biosciences (SLDB). The article also provides recent earnings per share data for these companies, suggesting a mixed financial performance.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 2:44 pm

CKPT

NTRA

PINS

TDUP

Insiders at Pinterest, Checkpoint Therapeutics, ThredUp, and Natera have recently sold shares. Pinterest's stock was positively reviewed by Keybanc, Checkpoint announced a $14 million offering, ThredUp reported disappointing Q3 results, and Natera acquired assets from Invitae.

Portfolio Pulse from Avi Kapoor

February 05, 2024 | 2:42 pm

ARL

PMT

SQFT

TCI

The article highlights notable value stocks in the real estate sector, focusing on companies with low P/E ratios, indicating potential undervaluation. PennyMac Mortgage, Presidio Property Trust, Ready Capital, Transcontinental Realty, and American Realty Investors are discussed, with details on their earnings per share and dividend yields. The changes in these financial metrics suggest varying company performances and potential investment risks.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 2:39 pm

FWRD

Forward Air Corporation (NASDAQ:FWRD) reported positive operational statistics for January 2024, with significant increases in weight per shipment (9.8%), pounds per day (9.2%), and revenue per ton mile (1.9%, excluding fuel). The company attributes these improvements to operational synergies, including the integration of Omni linehaul into the Forward Air network, which resulted in a more than 20% year-over-year increase in pounds per day for the most recent week. Forward Air plans to release a comprehensive plan and key milestones soon.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 2:39 pm

BOWL

Bowlero has projected its Q3 2024 revenue to be between $335 million and $350 million, which is below the estimated $350.928 million.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 2:33 pm

BOWL

Bowlero has reiterated its fiscal year 2024 revenue guidance, projecting an increase of 10%-15%. This reaffirmation underscores the company's confidence in its growth trajectory and operational strategy.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 2:32 pm

CAT

Caterpillar's CFO announced during a conference call that the company's price increases for the year will surpass its manufacturing costs. This strategic financial maneuver is aimed at enhancing profitability and shareholder value amidst varying cost pressures.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 2:29 pm