Streetbeat News

Earnings

BBY

Best Buy has observed that consumer demand has become more uneven and difficult to predict in the current macro environment. This statement suggests potential challenges for the company in forecasting sales and adjusting inventory levels, which could impact its financial performance.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 12:27 pm

TAC

TransAlta Corporation has announced an investment plan of $3.5 billion to achieve a growth target of 1.75 GW by 2028, aiming for an annual EBITDA of $350 million. The company will focus on customer-centered renewables and storage, expanding its development pipeline to 10 GW. Additionally, TransAlta's Board has approved a 9% dividend increase. A joint development agreement with Hancock Prospecting has been announced to develop clean energy solutions. The company forecasts an adjusted EBITDA of $1.15 to $1.3 billion and FCF of $450 to $600 million for 2024.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 12:21 pm

MNSO

MINISO Group Holding Limited (NYSE:MNSO) reported a 36.7% increase in Q1 FY24 revenue, reaching RMB3.79 billion. Revenue from China rose 34.7% Y/Y to RMB2.49 billion. Gross profit surged 60.2% Y/Y with a gross margin of 41.8%. Operating income and adjusted EBITDA also saw significant increases of 54.7% and 52.8%, respectively. MINISO surpassed 6,000 stores, totaling 6,115, and beat earnings per ADS estimates at $0.28. The company has $875 million in cash and expects continued sales growth and margin optimization.

Portfolio Pulse from Shivani Kumaresan

November 21, 2023 | 12:20 pm

ADI

BBY

BURL

GOGL

HPQ

LOW

NVDA

Numerous companies are scheduled to report their earnings on November 21, 2023, both before the opening bell and after the closing bell. The list includes a variety of sectors, with companies such as Golden Ocean Group, Burlington Stores, Analog Devices, Best Buy, Lowe's Companies, NVIDIA, and HP among others. The earnings reports will provide investors with insights into each company's financial health and performance for the respective quarters.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 12:12 pm

AIRE

CSCO

EGIO

The article highlights three oversold tech stocks with RSI values near or below 30, suggesting they may be undervalued: reAlpha Tech Corp. (AIRE), Cisco Systems, Inc. (CSCO), and Edgio, Inc. (EGIO). AIRE recently filed a prospectus for a common units offering, CSCO cut FY24 guidance and issued lower-than-expected Q2 guidance, and EGIO posted better-than-expected Q3 sales.

Portfolio Pulse from Lisa Levin

November 21, 2023 | 12:11 pm

BIDU

NVDA

QQQ

SPY

Ahead of Nvidia's earnings, Nasdaq and S&P 500 futures indicate a modestly lower open. Analysts suggest a potential pause after recent gains but remain optimistic for a seasonal rally into year-end. Traders are watching the December Fed meeting minutes and bond yields. U.S. stocks had a strong performance on Monday, with technology stocks leading. Futures for SPDR S&P 500 ETF Trust and Invesco QQQ ETF are slightly down in premarket trading. Several companies, including Agilent Technologies and Baidu, reported earnings, with more companies scheduled to release their results.

Portfolio Pulse from Shanthi Rexaline

November 21, 2023 | 12:11 pm

DKS

Dick's Sporting Goods (NYSE:DKS) reported Q3 earnings with an EPS of $2.85, beating estimates by 16.33% and showing a revenue increase of $83 million from the same period last year. Despite missing EPS estimates last quarter, which led to a slight share price drop, the current earnings beat could positively influence investor sentiment.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 12:10 pm

KSS

Kohl's Corporation (NYSE:KSS) reported Q3 earnings with an EPS of $0.53, surpassing the estimate of $0.33 by 60.61%. However, revenue declined by $434 million compared to the same period last year. Despite beating the EPS estimate last quarter, KSS's share price fell by 5.07% the following day. Historical data shows mixed past earnings performance with both beats and misses on EPS and revenue estimates.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 12:10 pm

BBY

Best Buy Co (NYSE:BBY) reported Q3 earnings with an EPS of $1.29, beating estimates by 8.4% but with a revenue decrease of $831 million from the same period last year. The company's past earnings performance shows a mixed track record, with both beats and misses on EPS and revenue estimates.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 12:10 pm

NJR

New Jersey Resources (NYSE:NJR) reported Q4 earnings with an EPS of $0.3, missing estimates by 6.25% against an expected $0.32. Revenue decreased by $434.16 million compared to the same period last year. In the previous quarter, NJR beat EPS estimates which led to a 0.59% share price increase the following day.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 12:10 pm