Streetbeat News

Earnings

GDEN

GRBK

KBH

LEGH

TMHC

The article provides an overview of value stocks in the consumer cyclical sector, highlighting companies with low P/E multiples, indicating potential undervaluation. Notable stocks mentioned include Green Brick Partners (GRBK), KB Home (KBH), Golden Entertainment (GDEN), Taylor Morrison Home (TMHC), and Legacy Housing (LEGH). The article details recent changes in earnings per share and dividend yields for these companies, suggesting that while they may be undervalued, there is a risk that they may not rebound as expected.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 2:43 pm

AVT

CLRO

TSEM

UMC

YALA

The article identifies five value stocks in the technology sector based on their low price-to-earnings (P/E) multiples, suggesting they may be undervalued. United Microelectronics (UMC), ClearOne (CLRO), Yalla Group (YALA), Avnet (AVT), and Tower Semiconductor (TSEM) are listed with their respective P/E ratios. The article also provides recent earnings per share (EPS) data and dividend yield information for these companies, noting changes from previous quarters.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 2:41 pm

CCB

Coastal Financial Corporation (NASDAQ:CCB) reported Q4 earnings with an EPS of $0.66, missing the estimate of $0.73 by 9.59%. Revenue increased by $28.10 million compared to the same period last year. The company had previously missed EPS estimates last quarter, resulting in a 4.52% share price drop the following day.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 2:40 pm

MPC

MPLX

Marathon Petroleum Corp (MPC) reported Q4 FY23 results with revenue of $36.82 billion, surpassing the $35.25 billion consensus. Adjusted EBITDA was $3.53 billion, down from $5.80 billion in the prior year. Adjusted EPS was $3.98, above the $2.20 consensus. MPC returned $2.5 billion to shareholders through buybacks and dividends and has $5.9 billion left for repurchases. MPLX LP (MPLX), partly owned by MPC, beat earnings and sales estimates. MPC expects Q1 refining costs of $5.85 per barrel and throughputs of 2,685 mbpd. MPC shares rose 0.49% to $160.91.

Portfolio Pulse from Lekha Gupta

January 30, 2024 | 2:36 pm

GILD

META

SMCI

TSLA

Cryptocurrencies Bitcoin, Ethereum, and Dogecoin are rising as short sellers face liquidations. Meta Platforms receives a 22% price target boost before Q4 results, with optimism for ad market recovery and Reels. Invesco and Galaxy Asset Management reduce Bitcoin ETF fees to compete. Super Micro Computer shares are up over 10% premarket. Investors await earnings from Microsoft and Alphabet, with caution advised for a pivotal trading week. Meta tightens child safety measures and receives a price target boost. Tesla's Model Y becomes the first EV to top global car sales, and the company sees potential for a better stock performance after a significant January loss. Gilead Sciences increases its stake in Arcus Biosciences.

Portfolio Pulse from Akanksha Bakshi

January 30, 2024 | 2:32 pm

CCB

Coastal Financial Corp. (NASDAQ: CCB) reported Q4 2023 adjusted earnings per share (EPS) of $0.66, which fell short of the consensus analyst estimate of $0.73 by 9.59%.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 2:28 pm

Block Inc (NYSE:SQ) saw its shares rise in premarket trading after an upgrade from Wedbush analyst Moshe Katri, who changed the rating from Neutral to Outperform and increased the price target from $70 to $90. Katri highlighted Block's focus on financial discipline, internal efficiencies, and GAAP earnings, including initiatives such as capping employee headcount, reducing corporate overhead, and terminating unprofitable businesses. Management's efforts are expected to lead to Block's strongest year of profitability in 2024, with significant margin expansion and a substantial increase in adjusted operating income and EBITDA.

Portfolio Pulse from Priya Nigam

January 30, 2024 | 2:27 pm

ITRM

Iterum Therapeutics' stock is up following the announcement that its Phase 3 REASSURE trial for a drug met the primary endpoint of non-inferiority to Augmentin.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 2:25 pm

SSBI

Summit State Bank reported a decrease in earnings per share (EPS) for Q4 to $0.28, down from $0.68 year-over-year (YoY). Revenue also declined to $15.333 million from $16.320 million YoY.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 2:23 pm

CCL

CUK

Carnival Corporation expects an adjusted EPS impact of $0.07-$0.08 for 2024 due to rerouting in the Red Sea, primarily affecting Q2. The company reports no impact on booking trends from the Red Sea situation and has no further Red Sea transits planned until November 2024.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 2:18 pm