Streetbeat News

Earnings

NVDA

Nvidia Corp. (NASDAQ:NVDA) reported strong Q3 results with $18.12 billion in revenue, but concerns arose as revenue from Singapore surged 404% year-over-year, now accounting for 15% of total revenue. This significant increase has led to suspicions of fraud among bearish investors. Singapore's growing status as a tech hub, with a robust digital infrastructure, may explain the rise in Nvidia's revenue from the region. Despite the positive results, Nvidia's stock fell 2.46% after the report.

Portfolio Pulse from Shanthi Rexaline

November 24, 2023 | 7:07 am

AGIL

AUID

CYN

IZM

MTC

OBLG

PRST

SASI

SMX

SPI

VISL

WRAP

In Thursday's after-market session, several IT stocks experienced significant movements. MMTEC's shares surged by 46.9% following its H1 earnings report released 4 days ago. Cyngn, Vislink Technologies, Sigma Additive Solutions, SMX, and Presto Automation also saw gains. Conversely, AgileThought's stock plummeted by 26.4%, with AuthID, Oblong, ICZOOM Group, Wrap Technologies, and SPI Energy also recording losses. Presto Automation's Q1 earnings report was released 3 days ago, and SPI Energy's Q3 earnings were announced 2 days ago.

Portfolio Pulse from Benzinga Insights

November 23, 2023 | 9:30 pm

AXP

American Express Inc. (NYSE:AXP) stock has seen a 14.27% increase over the past month and a 6.25% increase over the past year. Currently trading at $163.79, its P/E ratio is lower than the Consumer Finance industry average, which could indicate undervaluation or weaker growth prospects.

Portfolio Pulse from Benzinga Insights

November 23, 2023 | 8:30 pm

Waste Management Inc. (NYSE:WM) stock is currently trading at $171.77, having increased by 5.50% over the past month and 4.44% over the past year. The company's P/E ratio of 30.39 is lower than the industry average of 37.88, which could suggest that the stock is undervalued or that shareholders expect lower future performance.

Portfolio Pulse from Benzinga Insights

November 23, 2023 | 6:30 pm

AMZN

Amazon.com (NASDAQ:AMZN) is evaluated against its competitors in the Broadline Retail industry. Amazon's P/E, P/B, and P/S ratios are above the industry average, indicating a premium valuation. However, its ROE is slightly below the industry average, suggesting potential inefficiency. Amazon's EBITDA and gross profit are significantly higher than the industry average, showing strong profitability, but its revenue growth is marginally lower. Amazon's lower debt-to-equity ratio compared to its top 4 peers suggests a stronger financial position.

Portfolio Pulse from Benzinga Insights

November 23, 2023 | 4:00 pm

AMAT

Applied Materials (AMAT) is analyzed against competitors in the Semiconductors & Semiconductor Equipment industry. AMAT has a lower P/E ratio, suggesting potential value, but a higher P/B ratio, indicating a premium on assets. Its P/S ratio is below the industry average, suggesting undervaluation based on sales. AMAT's ROE, EBITDA, gross profit, and revenue growth are higher than the industry average, indicating strong financial performance. The company's lower debt-to-equity ratio suggests a favorable financial position.

Portfolio Pulse from Benzinga Insights

November 23, 2023 | 4:00 pm

ADSK

Autodesk (NASDAQ:ADSK) is analyzed in comparison to its competitors in the Software industry. The company's financial indicators such as P/E, P/B, P/S, ROE, EBITDA, Gross Profit, and Revenue Growth are evaluated. Autodesk shows a lower P/E ratio than the industry average, suggesting undervaluation, but a higher P/B ratio, indicating potential overvaluation in terms of book value. Its P/S ratio is below the industry average, which might suggest undervaluation based on sales. Autodesk's ROE is significantly above the industry average, indicating efficient equity use, but its EBITDA and gross profit are below the industry average, suggesting potential challenges. Revenue growth is also below the industry average, pointing to a challenging sales environment. The company's debt-to-equity ratio is moderate compared to its top 4 peers.

Portfolio Pulse from Benzinga Insights

November 23, 2023 | 4:00 pm

HMST

OPBK

OP Bancorp (NASDAQ:OPBK) is set to distribute a dividend of $0.12 per share on November 23, 2023, with an annualized yield of 5.73% for shareholders recorded before November 08, 2023. The company has shown a consistent increase in dividends per share from $0.20 in 2019 to $0.44 in 2022, and a rise in earnings per share from $0.93 to $2.21 over the same period. OP Bancorp's financial health and commitment to shareholder value are evident, with its dividend yield being competitive within the industry, as HomeStreet (NASDAQ:HMST) has the highest yield at 6.40%.

Portfolio Pulse from Benzinga Insights

November 23, 2023 | 3:05 pm

BUSE

FUND

GECC

HRTG

SBSI

Benzinga Insights identified five value stocks in the financial services sector based on low P/E ratios. Heritage Insurance Hldgs (HRTG) has a P/E of 7.82 and reported a decrease in EPS from $0.32 to $-0.28, with a rising dividend yield. Sprott Focus Trust (FUND) saw EPS decrease from $0.26 to $0.03, with a slightly reduced dividend yield. Great Elm Capital (GECC) reported a small decrease in EPS and dividend yield. Southside Bancshares (SBSI) experienced a drop in EPS, while First Busey (BUSE) reported an increase in EPS and a higher dividend yield.

Portfolio Pulse from Benzinga Insights

November 23, 2023 | 2:46 pm

OKE

ONEOK Inc. (NYSE:OKE) stock is currently priced at $66.70, experiencing a slight decrease of 0.31%. Despite this, the stock has seen an increase of 0.51% over the past month and 1.90% over the past year. ONEOK's P/E ratio of 12.3 is lower than the industry average of 17.06, which could suggest that the stock is undervalued or that it may have weaker growth prospects compared to its industry peers.

Portfolio Pulse from Benzinga Insights

November 23, 2023 | 2:45 pm