Streetbeat News

Earnings

BKU

BankUnited (NYSE:BKU) is scheduled to release its quarterly earnings report on Friday, 2024-01-26, with analysts expecting an EPS of $0.69. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, BankUnited's stock price has been sensitive to earnings performance and guidance. Last quarter, the company missed EPS estimates by $0.09, resulting in a 2.85% share price drop. Over the past year, shares have declined by 17.68%, indicating bearish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 3:00 pm

FTRE

Fortrea Holdings (NASDAQ:FTRE) has been analyzed by 5 analysts over the past three months, with a mix of bullish and somewhat bullish ratings. The average 12-month price target is $38.6, up 16.09% from the previous $33.25. Analysts from Barclays, Jefferies, Citigroup, and Evercore ISI Group have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Fortrea Holdings, a late-stage CRO spun off from LabCorp, has shown revenue growth but faces challenges in market capitalization, net margin, ROE, ROA, and debt management.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 3:00 pm

CMCSA

T

VZ

Comcast Corp (NASDAQ: CMCSA) reported Q4 FY23 revenue of $31.25 billion, a 2.3% increase Y/Y, surpassing consensus estimates. Adjusted EPS was $0.84, beating the consensus of $0.79. Broadband revenue grew by 3.7% Y/Y, but the company saw a decrease in customer relationships and net losses in broadband and video customers. Wireless lines increased by 310,000. Media revenue rose by 3.1% Y/Y, and Studios revenue by 4.3% Y/Y, with Peacock's paid subscribers up nearly 50% Y/Y. Theme Parks' revenue increased by 12.2%. Comcast announced a 6.9% dividend increase and a new $15 billion share repurchase program. CMCSA shares rose by 5.16% to $46.06.

Portfolio Pulse from Anusuya Lahiri

January 25, 2024 | 2:59 pm

V

Visa Inc. (NYSE:V) is anticipated to report Q1 earnings of $2.34 per share, up from $2.18 the previous year, with projected revenue of $8.54 billion. The company has also launched a Web3 Loyalty Engagement Solution. Ahead of the earnings call, analysts have revised their price targets, with the most accurate analysts suggesting an increase. Visa's stock closed up 0.1% at $271.65 recently.

Portfolio Pulse from Avi Kapoor

January 25, 2024 | 2:52 pm

AMSC

American Superconductor (AMSC) shares rose following the report of Q3 financial results that surpassed expectations. Additionally, the company provided Q4 revenue guidance that exceeded analyst estimates, further boosting investor confidence.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 2:52 pm

F

TSLA

Tesla, Inc. (TSLA) has been cleared by Norway's traffic safety regulator of any need for a recall of its S and X Model vehicles over suspension safety concerns. The decision was made after examining customer complaints about suspension component failures, which were deemed not to pose an unacceptable risk. The NPRA will continue to monitor the situation. Meanwhile, Tesla's Q4 revenue missed estimates, and its shares dropped by 9.30%. In contrast, Ford Motor Company (F) recalled 2.24 million vehicles due to trim retention clip issues.

Portfolio Pulse from Nabaparna Bhattacharya

January 25, 2024 | 2:48 pm

CNF

IGIC

OVLY

PGC

SNFCA

Benzinga Insights has identified several value stocks in the financial services sector based on low P/E ratios. Oak Valley (OVLY), Peapack Gladstone Finl (PGC), Security National Finl (SNFCA), CNFinance Hldgs (CNF), and Intl General Insurance (IGIC) are on the list. OVLY and PGC reported a decrease in EPS compared to Q2, while SNFCA and IGIC also saw a decrease in EPS. CNF, however, experienced an increase in EPS. Dividend yields have varied, with OVLY and PGC seeing increases, while IGIC reported a decrease.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 2:47 pm

BPT

GPRK

INSW

PRT

SD

Benzinga Insights has identified five value stocks in the energy sector based on low price-to-earnings (P/E) multiples, indicating potential undervaluation. The stocks are SandRidge Energy (SD), BP Prudhoe Bay (BPT), PermRock Royalty Trust (PRT), GeoPark (GPRK), and International Seaways (INSW). Each company's P/E ratio and recent earnings per share (EPS) changes are highlighted, with some showing increased EPS and others decreased. Dividend yields have also shifted, with some companies experiencing a decrease and others an increase.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 2:39 pm

LCID

RIVN

Shares of Lucid Group Inc (LCID) and Rivian Automotive Inc (RIVN) are trading lower, likely due to Tesla's weak quarterly results which missed analyst estimates and provided a weak outlook for 2024. Tesla's results have raised concerns about the EV industry's current state. Lucid and Rivian are set to report their Q4 financial results in February, with analysts expecting losses for both companies.

Portfolio Pulse from Adam Eckert

January 25, 2024 | 2:35 pm

KRNY

Kearny Financial (NASDAQ:KRNY) reported Q2 earnings with an EPS of $0.11, missing estimates by 8.33% against the expected $0.12. Revenue declined by $8.94 million compared to the same period last year. In the previous quarter, the company beat EPS estimates but the share price fell by 1.15% the following day. Historical earnings data shows a pattern of fluctuating EPS and revenues over the past four quarters.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 2:35 pm