Streetbeat News

Earnings

DELL

Dell Technologies Inc. (NYSE:DELL) stock has seen a 0.36% increase in the current session, trading at $72.80. Over the past month and year, the stock has risen by 11.67% and 78.21%, respectively. The company's P/E ratio of 27.9 is below the industry average of 29.29, which could suggest undervaluation or potentially weaker growth prospects compared to industry peers.

Portfolio Pulse from Benzinga Insights

November 17, 2023 | 4:00 pm

AES

AES Corp (NYSE:AES) is in talks to sell its majority stake in a large coal-fired power plant in Vietnam, aligning with its strategy to exit coal assets by 2025. The potential buyer is Sev.en Global Investments, owned by billionaire Pavel Tykac. Posco International, holding a 30% stake, may also sell. AES recently sold parts of its Dominican Republic and Panama businesses for $190 million. In Q3 FY23, AES's adjusted EPS was $0.60, surpassing estimates, but revenue fell short at $3.43 billion.

Portfolio Pulse from Lekha Gupta

November 17, 2023 | 3:49 pm

BKE

Buckle Inc (NYSE:BKE) reported Q3 FY23 sales of $303.46 million, an 8.7% decrease YOY, missing estimates of $316.70 million. Comparable store sales fell by 9.2%, and online sales dropped 16.2%. Operating expenses decreased by 3.3%, while gross profit declined by 11%, with a gross margin contraction of 120 basis points to 48.5%. Operating income decreased by 19.3%, but EPS of $1.04 beat the $0.98 estimate. Despite the sales decline, BKE shares rose by 8.65% to $37.93.

Portfolio Pulse from Shivani Kumaresan

November 17, 2023 | 3:38 pm

BKE

Buckle's stock (BKE) is trading higher following the release of their third-quarter earnings per share (EPS) results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 3:24 pm

BZH

Beazer Homes' stock trades lower following a report of a year-over-year decline in Q4 earnings per share (EPS).

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 3:23 pm

AMSWA

American Software's stock price dropped following the announcement of disappointing Q2 financial results and FY24 revenue guidance that fell short of expectations. Additionally, B. Riley Securities reduced their price target for American Software from $17 to $16.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 3:22 pm

TWST

Twist Bioscience's stock is up following the release of their Q4 financial results, which surpassed expectations. Additionally, the company provided Q1 2024 revenue guidance that exceeded analyst estimates.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 3:17 pm

BABA

Alibaba's stock (BABA) is trading lower due to ongoing weakness after its recent earnings report. Additionally, Morgan Stanley has dropped Alibaba from its list of top picks, signaling a bearish outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 3:16 pm

FIBK

WSFS

WSFS Financial (NASDAQ:WSFS) has declared a dividend payout of $0.15 per share with an annualized yield of 1.75%. The ex-dividend date was November 2, 2023, and the dividend is payable on November 17, 2023. The company has shown a positive trend in dividend per share growth from $0.47 in 2019 to $0.56 in 2022, and earnings per share growth from $3.71 to $3.95 over the same period. Despite this, WSFS's dividend yield lags behind industry peer First Interstate BancSys (NASDAQ:FIBK), which has a higher annualized dividend yield of 7.36%.

Portfolio Pulse from Benzinga Insights

November 17, 2023 | 3:05 pm

LAD

MNRO

Lithia Motors (NYSE:LAD) is distributing a $0.50 per share dividend with an annualized yield of 0.80%. Shareholders as of the ex-dividend date, November 09, 2023, are eligible. The company has shown a positive trend in dividend per share growth from $1.19 in 2019 to $1.61 in 2022, and earnings per share growth from $11.35 to $46.61 over the same period. This suggests financial health and potential for continued dividend increases. Monro (NASDAQ:MNRO) has a higher annualized dividend yield of 3.97% among industry peers.

Portfolio Pulse from Benzinga Insights

November 17, 2023 | 3:05 pm