Streetbeat News

Earnings

AMPS

ENIC

HE

PAM

TAC

The article highlights five value stocks in the utilities sector based on their low price-to-earnings (P/E) multiples, suggesting potential undervaluation. The stocks mentioned are Altus Power (AMPS), Pampa Energia (PAM), TransAlta (TAC), Hawaiian Electric Industries (HE), and Enel Chile (ENIC). Recent earnings per share (EPS) and dividend yield changes are reported for each company, indicating their financial performance and investor returns.

Portfolio Pulse from Benzinga Insights

November 29, 2023 | 2:38 pm

HRL

Hormel Foods Corp (NYSE:HRL) reported a Q4 FY23 sales decline of 2.6% Y/Y to $3.198 billion, missing estimates. Adjusted EPS of $0.42 also missed estimates. Gross margin and operating income fell, while SG&A expenses rose. The company forecasts lower FY24 earnings due to challenges in turkey markets and China business, expecting a decline in H1 earnings. HRL shares dropped 1.10% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

November 29, 2023 | 2:30 pm

FTCH

Farfetch shares are trading lower after the company announced it will not release its Q3 results as previously scheduled.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 2:26 pm

LESL

Leslie's reported mixed Q4 financial results, leading to a decline in its stock price.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 2:25 pm

FL

Foot Locker's stock is trading higher following the release of their Q3 financial results, which surpassed expectations. The company also provided updated guidance.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 2:21 pm

FLNC

Fluence Energy's stock is trading higher following the release of their Q4 financial results and the announcement of their revenue guidance for FY24.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 2:20 pm

VRT

Vertiv Holdings has increased its full-year 2023 adjusted earnings per share (EPS) guidance from the range of $1.69-$1.73 to $1.72-$1.76, which is in line with the analyst estimate of $1.72.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 2:09 pm

VRT

Vertiv Holdings has increased its FY23 revenue forecast from the range of $6.826B-$6.851B to $6.875B-$6.895B, which is above the estimated $6.85B.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 2:08 pm

CRWD

CrowdStrike Holdings Inc (NASDAQ:CRWD) shares rose after reporting Q3 results that exceeded expectations with a 35% year-over-year revenue increase to $786 million, surpassing estimates. Earnings were at 82 cents per share, beating the 74 cents estimate. The company achieved a record $223 million in new ARR, ending the quarter with over $3 billion in ARR. Guidance for Q4 revenue is between $836.6 million to $840 million, and full-year revenue is expected to be $3.047 billion to $3.05 billion, both in line with estimates. Earnings guidance for Q4 is 81 to 82 cents per share, and full-year earnings are projected at $2.95 to $2.96 per share, above estimates. Several analysts raised their price targets for CRWD following the earnings report.

Portfolio Pulse from Adam Eckert

November 29, 2023 | 2:07 pm

DLTH

Duluth Holdings (NASDAQ:DLTH) is scheduled to release its quarterly earnings report on Thursday, 2023-11-30, with an expected EPS of $-0.26. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, DLTH's stock price has been sensitive to earnings performance and guidance. Last quarter, DLTH missed EPS estimates by $0.06, resulting in a 1.42% share price drop the following day. Over the last year, DLTH shares have declined by 27.66%.

Portfolio Pulse from Benzinga Insights

November 29, 2023 | 2:01 pm