Streetbeat News

Earnings

OPAL

Opal Fuels Inc has confirmed in an SEC filing that its adjusted EBITDA guidance for the full year 2023 remains unchanged.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 2:55 pm

OPAL

Opal Fuels has decided to delay the completion of pending ITC sales transactions, citing the need for clarification on certain issues. As a result of this delay, the company is removing the anticipated ITC proceeds from its fiscal year adjusted EBITDA guidance, according to a recent SEC filing.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 2:55 pm

AGIL

ATHE

EIGR

GES

NOGN

SPRC

U.S. stocks opened higher with the Dow Jones gaining 150 points. Communication services shares led the gains, while energy shares lagged. U.S. initial jobless claims fell sharply to 209,000, beating expectations. AgileThought, Inc. (AGIL), SciSparc Ltd. (SPRC), and Eiger BioPharmaceuticals, Inc. (EIGR) saw significant stock increases. Conversely, Nogin, Inc. (NOGN), Alterity Therapeutics Limited (ATHE), and Guess?, Inc. (GES) experienced notable declines. Oil prices dropped, and gold saw a slight increase.

Portfolio Pulse from Lisa Levin

November 22, 2023 | 2:43 pm

AGCO

BAER

GRIN

USEA

The article provides an overview of notable value stocks in the industrials sector, highlighting five companies with low price-to-earnings (P/E) multiples, suggesting they may be undervalued. Grindrod Shipping Hldgs, AGCO, Bridger Aerospace Gr, Target Hospitality, and United Maritime are identified as value stocks with their respective P/E ratios and recent earnings per share (EPS) data. AGCO also reported a dividend yield increase.

Portfolio Pulse from Benzinga Insights

November 22, 2023 | 2:41 pm

BEPC

ENIC

OPAL

SPH

Benzinga Insights has identified five value stocks in the utilities sector based on low P/E multiples, indicating potential undervaluation. The stocks are Suburban Propane Partners (SPH), Hawaiian Electric Industries (HE), Brookfield Renewable (BEPC), Enel Chile (ENIC), and OPAL Fuels (OPAL). SPH reported a significant decrease in Q4 EPS and a lower dividend yield. HE showed an increase in EPS and a slight increase in dividend yield. BEPC's EPS decreased, but its dividend yield increased. ENIC reported higher EPS and a decrease in dividend yield. OPAL's EPS improved from Q2 to Q3.

Portfolio Pulse from Benzinga Insights

November 22, 2023 | 2:38 pm

FRSX

Foresight Autonomous Holdings reported an improvement in its Q3 2023 financial results with an adjusted EPS of $(0.01), up from $(0.02) in the same quarter the previous year. Revenue also increased to $304K from $203K year-over-year.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 2:18 pm

TFC

Truist Finl Inc. (NYSE:TFC) saw a 0.25% drop in its share price to $31.50 in the current market session, despite a 13.91% increase over the past month. However, the stock has fallen 32.12% over the past year. The company's P/E ratio is lower than the Banks industry average, which could indicate that the stock is undervalued or that it may perform worse than its peers.

Portfolio Pulse from Benzinga Insights

November 22, 2023 | 2:15 pm

JWN

Nordstrom Inc (NASDAQ:JWN) reported Q3 financial results with revenue of $3.32 billion, down from $3.55 billion YOY. Earnings improved to 25 cents per share from 20 cents. Nordstrom Rack sales decreased by 1.8%, while active, beauty, and accessories categories saw growth. CEO Erik Nordstrom highlighted progress in gross margin and earnings despite economic uncertainty. The company forecasts a 4-6% revenue decline for full-year 2023 and adjusted earnings of $1.90 to $2.10 per share. Telsey Advisory Group analyst Dana Telsey maintained a Market Perform rating but lowered the price target from $19 to $17. Nordstrom shares dropped 0.54% to $14.82 following the report.

Portfolio Pulse from Adam Eckert

November 22, 2023 | 2:10 pm

AGRI

AgriFORCE Growing Systems CEO Richard Wong provided a shareholder update, highlighting progress in product development, market penetration, and investments. The company has finalized the first phase of product development, qualifying three types of wheat-based flours, with expectations to begin shipping in the coming weeks. AgriFORCE is also seeing interest in its RCS Hydroxyl pathogen and VOC killing machines, with initial orders and potential growth in the next quarter. The company is in discussions to license its GrowHouse technology and is working on AgTech consulting solutions. Despite challenges in the M&A environment due to high interest rates and capital market difficulties, AgriFORCE remains committed to its acquisition pipeline. The company is focused on commercializing its products and technologies to improve food nutrition and security, with revenue generation expected in 2024.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 2:04 pm

FUTU

Futu Holdings (NASDAQ:FUTU) is scheduled to release its quarterly earnings report on Thursday, 2023-11-23. Analysts predict an EPS of $1.00. Historically, the company's stock price has reacted positively to earnings beats, with increases following the last four quarterly reports. Shares are currently trading at $60.37, up 16.11% over the past 52 weeks. Investors will be closely watching for both the earnings outcome and the company's guidance for future growth.

Portfolio Pulse from Benzinga Insights

November 22, 2023 | 2:00 pm