Streetbeat News

Earnings

BILL

BILL Holdings (NYSE:BILL) received mixed reviews from 9 analysts, with 3 bullish, 5 somewhat bullish, and 1 indifferent. The average 12-month price target is now $99.33, down 34.38% from the previous $151.38. Analysts from firms including Wells Fargo, Canaccord Genuity, Oppenheimer, Goldman Sachs, Susquehanna, Needham, and Piper Sandler have lowered their price targets for BILL, reflecting a cautious outlook on the company's financial performance. Despite a strong revenue growth rate of 32.65% for the quarter ending September 30, 2023, BILL's market capitalization is below industry benchmarks, and it has a net margin of -9.14%, an ROE of -0.68%, and an ROA of -0.29%, indicating profitability and asset utilization challenges.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 1:00 pm

ALKT

Eight analysts have recently provided their opinions on Alkami Technology (NASDAQ:ALKT), with sentiments ranging from bullish to indifferent. Over the past three months, the number of bullish and somewhat bullish ratings has decreased, while indifferent ratings have increased. The average 12-month price target for ALKT has been raised to $25.38, up 16.1% from the previous target of $21.86. Analysts from firms like Goldman Sachs, Keybanc, Needham, Barclays, Stephens & Co., JMP Securities, and JP Morgan have raised their price targets, reflecting a positive outlook on the company's performance. Alkami, a provider of cloud-based digital banking solutions, has shown a strong revenue growth rate of 26.76% as of September 30, 2023, but struggles with a net margin of -22.86% and an ROA of -3.24%, although it has an exceptional ROE of -4.8% and a low debt-to-equity ratio of 0.32.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 1:00 pm

UAL

VRM

VTVT

United Airlines Holdings, Inc. (NASDAQ:UAL) shares rose by 6% in pre-market trading after reporting Q4 earnings of $2.00 per share, beating estimates of $1.70, and sales of $13.60 billion, above the expected $13.54 billion. However, the company anticipates a wider-than-expected loss for Q1. Other stocks also moved in pre-market trading, with notable gainers including vTv Therapeutics Inc. (VTVT) and losers such as Vroom, Inc. (VRM), which is discontinuing its ecommerce operations.

Portfolio Pulse from Avi Kapoor

January 23, 2024 | 12:55 pm

FXI

PG

P&G CFO Andre Schulten reported that the recovery in China post-Covid is not linear and faces challenges, with Q2 sales in China declining by 15%.

Portfolio Pulse from Charles Gross

January 23, 2024 | 12:53 pm

VZ

Verizon's stock is trading higher after the company reported Q4 financial results that surpassed expectations.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 12:39 pm

LMT

Lockheed Martin forecasts its 2024 diluted earnings per share (EPS) to be in the range of $25.65 to $26.35, which is below the estimated $26.62.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 12:37 pm

WBS

Webster Financial Corporation (NYSE:WBS) reported Q4 adjusted EPS of $1.46, which was in line with analyst estimates but marked an 8.75% decrease from the previous year. Sales for the quarter were $571.02M, falling short of the expected $602.807M, a 5.32% miss and a 5.21% decrease from the prior year.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 12:34 pm

LMT

Lockheed Martin projects its net sales for 2024 to be between $68.5 billion and $70 billion, which is in line with the estimated $68.65 billion.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 12:32 pm

LMT

Lockheed Martin (NYSE:LMT) reported Q4 2023 earnings of $7.90 per share, surpassing the consensus estimate of $7.26 by 8.82%. Quarterly sales reached $18.90 billion, exceeding estimates of $17.97 billion by 5.20%, despite a slight 0.48% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 12:30 pm

LMT

Lockheed Martin (NYSE:LMT) reported Q4 2023 earnings per share (EPS) of $7.58, surpassing the consensus estimate of $7.28 by 4.12%. Quarterly sales reached $18.90 billion, exceeding estimates of $17.97 billion by 5.20%, although this represents a slight decrease of 0.48% from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 12:29 pm