Streetbeat News

Earnings

ASML

ASML Holding (NASDAQ:ASML) is expected to release its quarterly earnings report on Wednesday, 2024-01-24, with analysts predicting an EPS of $5.27. Investors are looking for an earnings beat and positive guidance for future growth. ASML's stock performance has been positive over the last year, with shares up 12.39%. The stock price reacted variably to past earnings results, with the most recent quarter showing a 0.77% increase after beating EPS estimates.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 2:00 pm

LLY

Eli Lilly (NYSE:LLY) has received mixed analyst ratings over the last quarter, with 8 analysts offering varying opinions. The average 12-month price target is $635.88, with a high of $722.00 and a low of $535.00, marking a 2.4% decrease from the previous average target of $651.50. Analysts from Barclays, Daiwa Capital, Truist Securities, Cantor Fitzgerald, Deutsche Bank, and Morgan Stanley have provided updates, with some maintaining and others raising their price targets. Eli Lilly's financial performance shows strong revenue growth but below-average net margin, ROE, and ROA, and a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 2:00 pm

FSR

Fisker Inc. shares have risen following a business update where the company announced its expectation to sell most of its current vehicle inventory before the end of Q1. This positive outlook on sales performance is likely driving investor optimism.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:54 pm

CCBG

Capital City Bank Group (NASDAQ:CCBG) reported Q4 earnings with an EPS of $0.7, missing estimates by 4.11% against the expected $0.73. Revenue decreased by $2.75 million compared to the same period last year. The company's share price dropped 2.11% the day after missing EPS estimates last quarter.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 1:45 pm

LMT

RTX

Lockheed Martin Corp (LMT) and Raytheon Technologies Corporation (RTX) both reported strong Q4 earnings, beating consensus estimates. Lockheed Martin's shares are trading higher with an 8.82% earnings surprise and a 5.03% revenue surprise. Raytheon's shares are also up after a 3.20% EPS surprise and 0.48% revenue surprise. Lockheed Martin has a higher backlog and better net income margin compared to Raytheon. Lockheed also has a more stable dividend yield history. Analyst consensus suggests a higher potential upside for Lockheed. Both companies' valuations are close, but Lockheed's trailing earnings multiple is more favorable, while Raytheon has a slight edge in forward valuations.

Portfolio Pulse from Surbhi Jain

January 23, 2024 | 1:38 pm

GATX

GATX Corporation has projected its FY24 earnings per diluted share to be between $7.30 and $7.70, surpassing the consensus estimate of $7. The company attributes this optimistic forecast to disciplined investments made over the past years and its commitment to generating attractive risk-adjusted returns for shareholders.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:37 pm

SBET

SharpLink Gaming Ltd. (SBET) sold its fantasy sports and sports game development units to RSports Interactive for $22.5 million in cash. The sale allows SharpLink to repay $14.9 million in debt, redeem a senior convertible debenture for $4.5 million, and become free of interest-bearing debt. The transaction is expected to reduce operating expenses, improve cash flow, strengthen the balance sheet, and help SharpLink regain Nasdaq compliance. COO Chris Nicholas resigned following the sale. The deal focuses SharpLink on performance marketing for sports betting and iGaming.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:35 pm

INSE

Inspired Entertainment, Inc. has submitted a plan to regain compliance with Nasdaq's listing requirements. The company intends to file restated financial statements for the year ended December 31, 2022, and amended quarterly reports for the first two quarters of 2023, along with the Q3 report by February 28, 2024. Additionally, Inspired aims to file its annual report for 2023 by the March 2024 deadline.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:33 pm

GATX

GATX Corporation reported Q4 earnings of $1.74 per share, surpassing the consensus estimate of $1.58, and marking a 12.99% increase from the previous year. Sales reached $368.70M, exceeding estimates by 0.90% and showing a 14.25% increase year-over-year.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:33 pm

BA

RYAAY

Ryanair's CEO announced a reduction in expected aircraft deliveries from Boeing, with 50 aircraft now expected by the end of June instead of 57 by April. The delays may result in a loss of 2 to 3 million passengers for Ryanair this year.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 1:32 pm