Streetbeat News

Earnings

GLCNF

Glencore PLC has reported a decrease in its own sourced copper, zinc, and nickel production for the nine months ended FY23. The company has also cut its FY23 nickel production outlook and Ferrochrome outlook. Despite these reductions, Glencore expects its full-year 2023 Adjusted EBIT outcome to be above the top end of its long-term guidance range. The company's shares traded higher by 1.87% at $5.45 on Friday.

Portfolio Pulse from Lekha Gupta

October 30, 2023 | 5:16 pm

BYDDY

F

LI

NIO

TSLA

XPEV

Ford Motor (NYSE:F) reported Q3 profit of $1.2 billion, up from a loss of $827 million YoY, with revenue increasing 11% to $44 billion. However, its EV unit lost $1.3 billion, double the loss from the previous year. Ford also reached an agreement with the UAW, which will cost the company $8.1 billion in new plant investments and other economic costs. This has led Ford to withdraw its 2023 guidance and postpone $12 billion in EV investment. The company's position is further weakened against Tesla (NASDAQ:TSLA), which also faces challenges from Chinese competitors BYD (OTC:BYDDY), Xpeng (NYSE:XPEV), Li Auto (NASDAQ:LI), and Nio (NYSE:NIO).

Portfolio Pulse from Upwallstreet

October 30, 2023 | 5:11 pm

MAC

Macerich (NYSE:MAC) is set to release its latest quarterly earnings report on October 31, 2023. Analysts estimate an earnings per share (EPS) of $0.44. The company's past performance shows a mixed trend in price changes post-earnings release. The stock was trading at $9.71 as of October 27, with a 52-week return of -17.15%.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 5:02 pm

DEI

Douglas Emmett (NYSE:DEI) is set to release its quarterly earnings report on October 31, 2023. Analysts estimate an earnings per share (EPS) of $0.44. The company's past performance shows a general negative trend in stock price changes post-earnings release. Over the last 52-week period, shares are down 36.98%.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 5:02 pm

ABEV

Ambev (NYSE:ABEV) is set to release its latest quarterly earnings report on October 31, 2023. Analysts estimate an earnings per share (EPS) of $0.04. The company's past performance shows a mixed trend of meeting or exceeding EPS estimates. The share price has seen minor fluctuations post-earnings announcements. The stock is currently trading at $2.44, down 20.75% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 5:01 pm

APAM

Artisan Partners Asset (NYSE:APAM) is set to release its latest quarterly earnings report on October 31, 2023. Analysts estimate an earnings per share (EPS) of $0.75. The company's past performance shows a pattern of share price changes following earnings reports. The stock is currently trading at $32.23 and has seen an 11.74% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 5:01 pm

HUN

Huntsman (NYSE:HUN) is set to release its quarterly earnings report on October 31, 2023. Analysts estimate an EPS of $0.19. The company's past performance shows a pattern of share price changes following earnings reports. Last quarter, the company missed EPS by $0.08, resulting in a 3.22% drop in share price. The stock is currently trading at $23.09, down 14.37% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 5:01 pm

OKE

ONEOK (NYSE:OKE) is set to release its latest quarterly earnings report on October 31, 2023. Analysts estimate an earnings per share (EPS) of $1.08. The company's past performance shows a pattern of share price drops following earnings beats. Shares of ONEOK were trading at $65.44 as of October 27, with an 8.52% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 5:01 pm

PECO

Phillips Edison (NASDAQ:PECO) is set to release its quarterly earnings report on October 31, 2023. Analysts estimate an EPS of $0.11. The company's past performance shows a trend of beating EPS estimates, which has generally led to an increase in share price. The stock is currently trading at $33.55, up 11.88% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 5:01 pm

LTHM

Livent (NYSE:LTHM) is set to release its quarterly earnings report on October 31, 2023. Analysts estimate an earnings per share (EPS) of $0.46. The company's past performance shows a trend of beating EPS estimates, which has often led to an increase in share price. However, the stock has been on a downward trend over the last 52 weeks, with shares down 53.51%.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 5:01 pm