Streetbeat News

Earnings

BSX

Boston Scientific Inc. (NYSE:BSX) stock has risen by 0.64% in the current session to $55.67, with an 11.37% increase over the past month and a 26.10% increase over the past year. The company's P/E ratio of 67.46 is higher than the industry average of 55.15, which could suggest that the stock is overvalued or expected to perform better than its peers in the Health Care Equipment & Supplies industry.

Portfolio Pulse from Benzinga Insights

November 22, 2023 | 4:00 pm

ADBE

Adobe (NASDAQ:ADBE) is evaluated against its competitors in the software industry. Adobe's P/E ratio is below the industry average, suggesting growth potential, while its P/B and P/S ratios are above average, indicating potential overvaluation. Adobe's ROE, EBITDA, and gross profit are higher than the industry average, showing strong profitability. However, its revenue growth is lower than the industry average, signaling slower growth. Adobe has a low debt-to-equity ratio compared to its top 4 peers, indicating a strong financial position with less reliance on debt.

Portfolio Pulse from Benzinga Insights

November 22, 2023 | 4:00 pm

DY

Dycom Industries Inc (NYSE:DY) reported Q3 results with contract revenue of $1.136 billion, surpassing the consensus of $1.070 billion. EPS was $2.82, beating the $1.78 consensus. Shares rose 2.5% to $104.25. Wells Fargo raised its price target from $105 to $125 and maintained an Overweight rating. B. Riley Securities increased its price target from $94 to $101 with a Neutral rating.

Portfolio Pulse from Lisa Levin

November 22, 2023 | 3:48 pm

DE

During a conference call, an executive from Deere & Company expressed confidence that none of the company's segments are expected to go negative throughout 2024.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 3:47 pm

DKS

Dick's Sporting Goods Inc (NYSE:DKS) reported Q3 FY23 sales of $3.042 billion, surpassing estimates of $2.940 billion, with an adjusted EPS of $2.85 beating the $2.45 consensus. The company raised its full-year adjusted EPS outlook to $12.00-$12.60. Following the earnings report, DKS shares slightly rose, and analysts from Telsey Advisory Group, Morgan Stanley, and Wedbush raised their price targets for DKS, maintaining Outperform, Overweight, and Neutral ratings respectively.

Portfolio Pulse from Lisa Levin

November 22, 2023 | 3:41 pm

NVDA

NVIDIA reported better-than-expected Q3 earnings and provided strong guidance, but shares are trading lower due to anticipated sales decline in China caused by export restrictions.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 3:37 pm

NIO

NIO Inc (NASDAQ:NIO) shares have declined over 6% in the past week but saw a slight boost on Monday after positive management commentary at the Guangzhou auto show. Nio's president dismissed bankruptcy rumors, and the company announced its 2,100th power swap station. Nio is collaborating with Chongqing Changan Automobile Co on battery swapping technology and possibly vehicle development. The company is set to report Q3 financial results on Dec. 5, with over 55,000 vehicles delivered last quarter, a 75.4% increase YoY. NIO shares were down 1.31% at $7.41 at the time of publication.

Portfolio Pulse from Adam Eckert

November 22, 2023 | 3:31 pm

DE

Deere & Company's CFO reported during a conference call that demand in Brazil weakened significantly more than anticipated in the second half of the year.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 3:26 pm

HPQ

HP reported a year-over-year increase in Q4 EPS and provided FY24 EPS guidance that exceeded analyst estimates, causing its shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 3:23 pm

DE

During a conference call, an executive from Deere & Company stated that their pricing has caught up with inflation and that they observed a return to normal supply chain conditions in the fourth quarter.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 3:22 pm