Streetbeat News

Earnings

CENT

Central Garden & Pet reported Q4 2023 adjusted earnings per share (EPS) of $0.10, surpassing the estimated $0.07. Revenue for the quarter was $750.147 million, also exceeding the forecast of $735.075 million.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 9:05 pm

CENT

Central Garden & Pet (NASDAQ:CENT) reported Q4 earnings with an EPS of $0.1, surpassing the estimate of $0.07 by 42.86%. Revenue increased by $42.70 million compared to the same period last year. The company had previously beaten EPS estimates last quarter, which resulted in a 15.22% share price increase the following day. Historical earnings performance shows mixed results over the past four quarters.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 9:05 pm

ENTA

Enanta Pharmaceuticals reported a Q4 EPS loss of $(1.33), a 4.72% increase in loss compared to $(1.27) last year. However, their sales of $18.93M exceeded the $17.50M estimate, despite being a 6.83% decrease from the previous year's $20.32M.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 9:03 pm

SYM

Symbotic (NASDAQ:SYM) reported Q4 earnings with a loss of $(0.08) per share, surpassing the consensus estimate of $(0.12) by 33.33%. Year-over-year, this reflects a 20% improvement in earnings. The company's quarterly sales reached $392.00M, exceeding expectations by 27.73% and marking a 60.38% increase from the previous year's $244.41M.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 9:01 pm

BX

Investors have shown a bearish sentiment towards Blackstone (NYSE:BX) with 80% of significant options activity being bearish. Benzinga's options scanner detected 10 unusual options activities, with 4 puts and 6 calls. The expected price range for BX is $60 to $120 over the next three months. The largest options trades include bullish calls with a strike price of $100 and bearish puts with strike prices of $85 and $105. Blackstone, with $1.001 trillion AUM, is currently trading at $106.5, up by 1.47%, and may be approaching overbought territory. Earnings release is expected in 66 days.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 8:16 pm

BHP

BHP Group (NYSE:BHP) has seen significant options activity, with a bullish sentiment from financial giants. Analysis of 14 unusual trades shows 64% bullish and 35% bearish tendencies. Notable trades include puts and calls with strike prices ranging from $32.5 to $90.0. BHP Group is a global diversified miner, recently acquiring Oz Minerals and entering the potash market. The stock is currently trading at $61.67, with a potential overbought RSI indicator. Earnings are expected in 94 days.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 8:01 pm

NVDA

NVIDIA shares are experiencing heightened trading activity due to the overall volatility in AI stocks and in anticipation of the company's upcoming Q3 financial results, which are set to be released after the market closes tomorrow.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 7:51 pm

ACRDF

AYRWF

CNTMF

CURLF

GTBIF

The Viridian Chart of the Week analyzes the balance between valuation and credit risk in cannabis stocks post Q3 earnings. It uses EV/2024 Consensus EBITDA estimates and a proprietary Credit Risk Score to assess attractiveness. Green Thumb (GTBIF) ranks most attractive, while Cansortium (CNTMF) and AYR (AYRWF) offer a balance of low valuation and credit risk. Curaleaf (CURLF) and Acreage (ACRDF) appear less attractive due to high valuation multiples and poor credit scores, respectively. The Viridian Cannabis Deal Tracker monitors industry capital raises and M&A activity.

Portfolio Pulse from Viridian Capital Advisors

November 20, 2023 | 7:33 pm

KBH

Wedbush analyst Jay McCanless downgraded KB Home (NYSE:KBH) to Neutral from Outperform, maintaining a price target of $55. The downgrade reflects increased competition and a higher percentage of builders cutting home prices, as reported by the NAHB. Despite maintaining FY23 and FY24 volume estimates for KBH, McCanless sees more downside risk and has lowered EPS estimates for both years, citing competitive discounting and mortgage rate buydowns. KBH's Q3 FY23 sales outperformed consensus, but shares are down 1.15%.

Portfolio Pulse from Lekha Gupta

November 20, 2023 | 7:33 pm

AI

MSFT

C3.ai, Inc. (NYSE:AI) stock is trading higher as interest in AI companies grows due to leadership changes at Microsoft Corporation (NASDAQ:MSFT) and OpenAI. OpenAI's board removed CEO Sam Altman, who is joining Microsoft's new AI team, along with former OpenAI president Greg Brockman. OpenAI has appointed former Twitch CEO Emmett Shear as interim-CEO. C3.ai is set to report Q2 financial results on Dec. 6. The stock is popular among retail investors and has a high short interest of 39.64%.

Portfolio Pulse from Erica Kollmann

November 20, 2023 | 7:11 pm