Streetbeat News

Earnings

UNP

Union Pacific (NYSE:UNP) is expected to release its quarterly earnings report on January 25, 2024, with an estimated EPS of $2.57. Investors are looking for an earnings beat and positive guidance for future growth. Historically, Union Pacific's stock price has been sensitive to earnings performance and guidance rather than just meeting or beating estimates. Last quarter, UNP beat the EPS estimate by $0.07, resulting in a 0.48% stock price increase the following day. Over the past year, UNP shares have risen by 21.25%, trading at $243.33 as of January 23.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 5:01 pm

MKC

McCormick & Co (NYSE:MKC) is scheduled to release its quarterly earnings report on January 25, 2024. Analysts predict an EPS of $0.79. Investors are looking for an earnings beat and positive guidance for future growth. McCormick's stock performance has been negative over the past year, with shares down 9.83%. The company's past earnings performance shows a mix of hits and misses, with minor stock price changes following the announcements.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 5:00 pm

TXN

Texas Instruments Inc (NASDAQ:TXN) shares fell in premarket trading after Q4 earnings report. Analysts from Cantor Fitzgerald, Mizuho Securities, Truist Securities, KeyBanc, and Stifel adjusted their ratings and price targets, mostly downward, due to lower revenue guidance and concerns over continued weakness in the Industrial and Automotive sectors. The company's revenue guidance was cut, with expectations of further declines, and free cash flows are under pressure.

Portfolio Pulse from Priya Nigam

January 24, 2024 | 4:49 pm

CFFI

C&F Financial Corporation reported a decrease in Q4 earnings per share from $2.30 last year to $1.50 this year, and a sales decline from $25.98M to $23.94M over the same period.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 4:47 pm

NFLX

TKO

Netflix Inc (NASDAQ:NFLX) reported Q4 results, beating revenue estimates but missing EPS estimates, ending the year with 260.28 million subscribers. Analysts are generally positive, with upgrades and raised price targets. The WWE deal, starting in 2025, is seen as a game-changer for audience growth and ad revenue. Analysts highlight Netflix's ad-supported plan and paid sharing as growth drivers, despite some concerns over higher content costs and free cash flow impact.

Portfolio Pulse from Chris Katje

January 24, 2024 | 4:36 pm

TXT

Textron Inc (NYSE:TXT) shares surged after Q4 results showed a mixed performance with sales missing estimates but adjusted EPS beating expectations. Textron Aviation's revenues declined, while Bell and Industrial segments reported revenue growth. The company announced a restructuring plan expected to save $75 million annually. Textron also provided a positive FY24 outlook with higher revenue and EPS projections than consensus estimates, and shared plans for continued investments in new products and programs. Shares rose 7.97% to $85.65.

Portfolio Pulse from Lekha Gupta

January 24, 2024 | 4:32 pm

HPE

Hewlett Packard Inc. (NYSE:HPE) saw a slight increase in its stock price to $15.64, despite a decline over the past month and year. The article discusses the company's P/E ratio in comparison to the industry average, suggesting that HPE may be undervalued given its lower P/E ratio relative to the Technology Hardware, Storage & Peripherals industry. The P/E ratio is a tool for evaluating a company's market performance, but it should be used alongside other metrics and qualitative analysis for investment decisions.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 4:30 pm

EDVMF

Endeavour Mining (OTC:EDVMF) exceeded its 2023 production guidance with 1.1 million ounces of gold and $266 million in shareholder returns. The company is advancing with its Sabodala-Massawa and Lafigue mines, expecting production starts in Q2 2024 and Q2 2023, respectively. Despite positive developments and high gold prices, Endeavour's stock has fallen -23% YTD amid CEO dismissal over misconduct and a strike at the Houndé mine in Burkina Faso, which may affect 2024's production.

Portfolio Pulse from Stjepan Kalinic

January 24, 2024 | 4:17 pm

ELV

Elevance Health Inc (NYSE:ELV) reported Q4 2023 revenues of $42.45 billion, a 7% increase Y/Y, surpassing consensus estimates. Adjusted EPS was $5.62, slightly missing the $5.64 consensus. Profit declined 1% Y/Y to $856 million. Membership dropped by 570,000, with Medicaid enrollment down by over 1 million. The company increased its quarterly dividend by 10.1% to $1.63 per share and provided a 2024 outlook with flat-to-low-single digit revenue growth and adjusted EPS of over $37.10. ELV shares rose 2.53% to $484.13.

Portfolio Pulse from Vandana Singh

January 24, 2024 | 4:15 pm

AJG

Arthur J. Gallagher (NYSE:AJG) is scheduled to release its quarterly earnings report on January 25, 2024. Analysts predict an EPS of $1.85. Investors will be looking for an earnings beat and positive guidance for future growth. Historically, AJG's stock price has shown minor negative reactions to earnings beats. Shares are currently trading at $239.68, with a 22.01% increase over the last 52 weeks, indicating a bullish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 4:01 pm