Streetbeat News

Earnings

BTBD

BT Brands reported a Q3 EPS of $0.00, an improvement from $(0.04) in the same quarter last year. However, sales slightly decreased to $4.01M from $4.02M YoY. The company has decided not to provide a financial forecast for fiscal years 2023 and 2024 due to uncertainties related to public health, supply chain constraints, and inflation.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 7:45 pm

HD

Post Q3 FY23 results, analysts have adjusted their price targets and estimates for The Home Depot Inc (NYSE:HD). Despite a sales decline of 3% to $37.71 billion, Home Depot beat the consensus estimate of $35.66 billion with an EPS of $3.81. The company also narrowed its FY23 sales and EPS forecast. Analysts from Goldman Sachs, Truist Securities, Oppenheimer, Guggenheim, RBC Capital Markets, and Telsey Advisory Group have revised their price targets and EPS estimates, with most maintaining positive ratings but adjusting figures to reflect Q3 outcomes and future expectations. HD shares rose by 1.36% to $307.76.

Portfolio Pulse from Lekha Gupta

November 15, 2023 | 7:34 pm

FPAY

FlexShopper's stock price has increased following the release of their Q3 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 7:30 pm

BWAY

BrainsWay's stock is trading higher following the announcement of their third-quarter financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 7:26 pm

AIHS

Seminao Technology's stock is trading higher following the announcement of improved year-over-year earnings per share (EPS) for the second quarter.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 7:21 pm

TSHA

Taysha Gene Therapies' stock price increased following the release of their Q3 financial results. Additionally, Cantor Fitzgerald reaffirmed an Overweight rating and increased the price target for Taysha from $6 to $7.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 7:13 pm

SHPW

Shapeways Holdings, Inc. (SHPW) shares dropped by approximately 20% following the release of disappointing financial results, with an adjusted loss per share and quarterly sales both missing market expectations. Other stocks experienced significant movement in Wednesday's mid-day session, with various companies reporting financial results, FDA designations, and potential acquisition interest.

Portfolio Pulse from Lisa Levin

November 15, 2023 | 7:04 pm

HSY

Hershey Co (NYSE:HSY) experienced a 33% decline in its stock price from May to October 2023, falling from $276 to $183. However, the stock has since rebounded, surging 24% in the three months before May and recently seeing a 7% increase since its October low. Despite a post-earnings drop, Hershey's stock is showing signs of recovery, potentially aided by favorable market conditions and the S&P 500's recent gains.

Portfolio Pulse from Zaheer Anwari

November 15, 2023 | 7:03 pm

GT

Goodyear Tire & Rubber Company (NASDAQ:GT) announced the retirement of Chairman, CEO, and President Richard J. Kramer in 2024 and the initiation of a search for his successor. The company also unveiled the 'Goodyear Forward' plan, targeting a $1 billion annual run-rate benefit by 2025 through cost reductions and portfolio optimization, including the potential sale of its Chemical business, Dunlop brand, and Off-the-Road tire business. The plan aims for $2 billion in gross proceeds and a doubling of segment operating margin to 10% by Q4 2025. Goodyear expects to reduce debt by $1.5 billion, net of restructuring costs. Elliott Investment Management, a major investor, expressed support for the initiatives. GT shares rose 2.86% to $14.05.

Portfolio Pulse from Shivani Kumaresan

November 15, 2023 | 6:59 pm

SDOT

Sadot Group's stock price has declined following the release of their Q3 financial results, which showed a year-over-year decrease.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 6:53 pm