Streetbeat News

Earnings

SBCF

Seacoast Banking Corporation (SBCF) reported Q4 adjusted EPS of $0.43, surpassing the consensus estimate of $0.40 by 7.5%. However, the EPS represents a 23.21% decrease from the same quarter last year. Quarterly sales were $128.16M, falling short of the $135.57M estimate by 5.47% and marking a 6.70% decrease from the previous year.

Portfolio Pulse from totan@benzinga.com

January 25, 2024 | 9:05 pm

INTC

Intel has provided guidance for its Q1 non-GAAP earnings per share (EPS) at $0.13, which is significantly below the estimated $0.33. Additionally, the company forecasts revenue to be between $12.2 billion and $13.2 billion, falling short of the expected $14.16 billion.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:04 pm

TMUS

T-Mobile US, Inc. (NASDAQ:TMUS) reported strong fourth quarter and full-year 2023 results, with significant growth in service revenues, profitability, and cash flow. The company expects a positive outlook for FY24, with core adjusted EBITDA projected to grow by approximately 9% at the mid-point. Operating cash flow and adjusted free cash flow are also expected to increase by about 18% and 22% respectively. T-Mobile completed its merger integration and achieved the highest postpaid phone gross additions and the lowest annual churn rate in its history.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:02 pm

INTC

Intel (NASDAQ:INTC) reported Q4 2023 earnings of $0.54 per share, surpassing the consensus estimate of $0.45 by 20%. Quarterly sales were $15.40 billion, exceeding estimates of $15.16 billion by 1.61% and marking a 9.67% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:01 pm

INTC

Intel (NASDAQ:INTC) reported Q4 sales of $15.40 billion, surpassing the analyst consensus estimate of $15.16 billion by 1.61% and marking a 9.67% increase from $14.04 billion in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:01 pm

TMUS

T-Mobile US (NASDAQ:TMUS) reported Q4 earnings per share (EPS) of $1.67, missing the consensus estimate of $1.90 by 12.11%. However, the company saw a 41.53% increase in EPS compared to last year's $1.18. Quarterly sales were $20.48 billion, surpassing the estimate of $19.64 billion by 4.27% and marking a 1.01% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:01 pm

HBAN

Huntington Bancshares (NASDAQ:HBAN) has received mixed analyst ratings over the past three months, with 7 analysts offering views ranging from bullish to indifferent. The average 12-month price target has been raised to $14.57, reflecting an 18.55% increase from the previous target of $12.29. Analysts from firms including Citigroup, Evercore ISI Group, Barclays, Raymond James, RBC Capital, Goldman Sachs, and Morgan Stanley have raised their price targets for HBAN. The company faces challenges with a revenue decline of -8.31% as of December 31, 2023, a below-average net margin of 12.49%, and a low ROE of 1.3% and ROA of 0.11%. Its debt-to-equity ratio of 0.77 is higher than the industry average, indicating a higher financial risk.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 9:00 pm

ASB

Associated Banc (NYSE:ASB) reported a significant decrease in earnings for Q4, with a loss of $(0.62) per share compared to a profit of $0.70 per share in the same quarter of the previous year, marking a 188.57% decline.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 8:33 pm

NOW

ServiceNow, Inc. (NYSE:NOW) surpassed Q4 earnings and sales estimates, reporting earnings of $3.11 per share and quarterly sales of $2.44 billion. This represents a 25.62% increase in sales year-over-year. The company also raised its 2024 subscription revenues and operating margin outlook. Despite the positive report, ServiceNow shares dropped slightly by 0.1%. Analysts from Barclays, Piper Sandler, Goldman Sachs, BMO Capital, RBC Capital, Mizuho, Baird, and UBS have raised their price targets on ServiceNow following the earnings release.

Portfolio Pulse from Avi Kapoor

January 25, 2024 | 8:19 pm

APP

AppLovin Inc. (NASDAQ:APP) stock has risen by 7.46% over the past month and 247.90% over the past year, currently trading at $44.00. The company's P/E ratio of 154.68 is slightly higher than the Software industry's aggregate P/E of 151.0, suggesting that investors may expect better future performance from AppLovin, but also raising concerns that the stock might be overvalued. The P/E ratio is a critical tool for investors but should be used alongside other financial metrics and qualitative analysis for comprehensive investment decisions.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 8:15 pm