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Earnings

KRE

NYCB

New York Community Bancorp Inc (NYSE:NYCB) shares plummeted after reporting Q4 revenue of $740 million, missing estimates of $811.07 million, and an adjusted loss of 27 cents per share versus expected earnings of 28 cents per share. The company also cut its quarterly dividend to 5 cents per share and recorded a $552 million provision for loan losses. CEO Thomas Cangemi stated the measures were to align with the demands of being a large bank, following the acquisition of assets from the collapsed Signature Bank. The SPDR S&P Regional Banking ETF (NYSE:KRE) also fell by 3.52%.

Portfolio Pulse from Adam Eckert

January 31, 2024 | 6:52 pm

NAVI

Navient Corporation (NASDAQ:NAVI) reported Q4 FY23 adjusted revenues of $193 million, missing consensus estimates of $201.17 million, and adjusted earnings of $0.21 per share, below the expected $0.75. The company's net interest income fell due to rising interest rates and loan portfolio paydowns. Navient announced plans to outsource student loan servicing, explore strategic options for its business processing division, and streamline its infrastructure. Shares fell by 1.06% to $17.76.

Portfolio Pulse from Nabaparna Bhattacharya

January 31, 2024 | 6:26 pm

ODFL

Old Dominion Freight Line Inc (NASDAQ:ODFL) reported Q4 FY23 results with a marginal revenue increase of 0.3% Y/Y to $1.496 billion, slightly missing consensus estimates. The company saw a 3.0% rise in LTL revenue per hundredweight but a 2.0% decrease in LTL tons per day. Operating income fell 2.1% Y/Y, and EPS of $2.94 beat estimates. The board raised the quarterly dividend by 30% to $0.52 per share. Despite a weak economy, ODFL's investments in employees, service centers, equipment, and technology position it well for future demand increases. Shares rose 1.03% to $399.94.

Portfolio Pulse from Lekha Gupta

January 31, 2024 | 6:20 pm

AMD

CNXA

MINM

NVVE

NYCB

POWL

Advanced Micro Devices, Inc. (AMD) shares fell 3.8% to $165.49 post Q4 earnings report, with non-GAAP EPS of $0.77 on $6.17 billion revenue. Other stocks showed significant movement: Connexa Sports Technologies Inc. (CNXA) regained Nasdaq compliance, surging 204%; Minim, Inc. (MINM) rose 76.4% after a stake disclosure; Powell Industries, Inc. (POWL) gained 49% on strong Q1 results and dividend raise. Notable losers included Nuvve Holding Corp. (NVVE) dropping 65.8% after a public offering announcement, and New York Community Bancorp, Inc. (NYCB) falling 34.5% on disappointing Q4 results and dividend cut.

Portfolio Pulse from Avi Kapoor

January 31, 2024 | 6:18 pm

NISTF

NUE

X

United States Steel Corp (NYSE:X) is set to report Q4 earnings with expectations of 26 cents EPS and $3.76 billion in revenues. The stock has risen 70% over the past year. U.S. Steel's proposed acquisition by Nippon Steel Corp (OTCPK: NISTF) for $14.1 billion is under scrutiny, with Biden's advisors suggesting increased support for labor and an investigation into the fairness of the $55 per share offer. Analysts hold a Neutral rating on U.S. Steel with a price target of $27.95, while JP Morgan has a Neutral rating with a $52 target. U.S. Steel trades at $48.30, and analysts are focused on the company's plans regarding the Nippon deal.

Portfolio Pulse from Surbhi Jain

January 31, 2024 | 6:16 pm

DLB

Dolby Laboratories (NYSE:DLB) is expected to release its quarterly earnings report on February 1, 2024. Analysts predict an EPS of $0.86. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, DLB's stock price has shown mixed reactions to past earnings performances. Shares are currently trading at $84.66, with a slight increase of 1.46% over the last year.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 6:02 pm

MATW

Matthews International (NASDAQ:MATW) is expected to release its quarterly earnings report on Thursday, 2024-02-01, with analysts estimating an EPS of $0.37. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, MATW's stock price has shown volatility post-earnings, with a mix of positive and negative reactions. Shares are currently trading at $34.23, down 11.84% over the last 52 weeks. The company's past earnings performance has not consistently correlated with the stock's price movement the following day.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 6:01 pm

EXPO

Exponent (NASDAQ:EXPO) is scheduled to release its quarterly earnings report on February 1, 2024. Analysts predict an EPS of $0.44. Investors are looking for an earnings beat and positive guidance for future growth. Exponent's stock price has historically reacted to earnings performance and guidance, with a 14.37% drop after missing EPS last quarter. Over the past year, EXPO shares have declined by 14.16%, and long-term shareholders may be concerned ahead of the earnings release.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 6:01 pm

SKYW

SkyWest (NASDAQ:SKYW) is expected to report Q4 earnings on February 1, 2024, with an EPS estimate of $0.15. Investors are looking for an earnings beat and positive guidance for future growth. Historically, SkyWest's stock price has been sensitive to earnings performance and guidance. Last quarter, the company beat the EPS estimate by $0.15, resulting in an 11.62% stock price increase the following day. Over the past year, SKYW shares have risen 150.39%, indicating a bullish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 6:01 pm

HLI

Houlihan Lokey (NYSE:HLI) is scheduled to release its quarterly earnings report on February 1, 2024. Analysts predict an EPS of $1.14. Investors will be looking for an earnings beat and positive guidance for future growth. Historically, HLI's stock price has shown varied reactions to past earnings performances, with both increases and decreases following earnings releases. Shares are currently trading at $122.91, up 22.85% over the last 52 weeks, indicating a bullish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 6:01 pm