Streetbeat News

Earnings

HD

Home Depot Inc (NYSE:HD) reported FY23 sales of $37.71 billion, surpassing analyst estimates of $35.66 billion, despite a 3% year-on-year decline. Customer transactions decreased by 2.4%, and comparable sales fell by 3.1% overall, with a 3.5% drop in the U.S. Gross profit decreased by 3.7% to $12.7 billion, and operating income fell 12.1% to $5.4 billion. Operating expenses rose by 3.6% to $7.3 billion. EPS of $3.81 beat the consensus of $3.58. The company revised its sales and comparable sales forecast to a decline of 3%-4% and expects an EPS decline of 9%-11% for FY23. Home Depot's stock rose by 6.12% to $305.70.

Portfolio Pulse from Shivani Kumaresan

November 14, 2023 | 3:30 pm

HD

LOW

Lowe's shares are trading higher following Home Depot's better-than-expected Q3 results, indicating positive market sentiment towards home improvement retailers.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 3:07 pm

HD

Home Depot's stock is trading higher following the release of their third-quarter results, which surpassed expectations.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 3:07 pm

NWBI

WSBC

Northwest Bancshares (NASDAQ:NWBI) is distributing a dividend of $0.20 per share today, with an annualized yield of 8.15%. The company has shown an increase in dividend per share from $0.72 in 2019 to $0.80 in 2022, but a decrease in earnings per share from $1.07 in 2019 to $1.03 in 2022. Northwest Bancshares leads its industry peers in dividend yield, with Wesbanco (NASDAQ:WSBC) having the next highest yield at 5.54%.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 3:05 pm

OKE

TRMD

ONEOK (NYSE:OKE) is distributing a dividend of $0.95 per share with an annualized yield of 5.50%. The dividend payout has decreased from $6.28 in 2019 to $3.74 in 2022, while earnings per share have increased from $3.00 to $3.60 in the same period. TORM (NASDAQ:TRMD) leads the industry with a 19.16% dividend yield. ONEOK's strategy suggests a focus on business growth over dividend distribution.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 3:05 pm

CCLP

SOI

CSI Compressco (NASDAQ:CCLP) is distributing a dividend of $0.01 per share today, with an annualized yield of 3.08%. The dividend went ex-dividend on October 27, 2023. The company has maintained a consistent dividend per share of $0.04 annually from 2019 to 2022, and has shown positive earnings growth, from $-0.50 in 2019 to $-0.25 in 2022. Solaris Oilfield Infra (NYSE:SOI) has the highest annualized dividend yield in the industry at 5.39%.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 3:05 pm

ETRN

TRMD

Equitrans Midstream (NYSE:ETRN) is set to distribute a dividend of $0.15 per share, with an annualized yield of 6.80%. The dividend is for shareholders on record before November 2, 2023. The company's dividend per share has decreased from $1.76 in 2019 to $0.60 in 2022, and earnings per share have also declined from $2.58 to $0.27 over the same period. This trend indicates potential financial challenges and may impact future dividend sustainability. Equitrans Midstream's dividend yield is moderate compared to its industry peers, with TORM (NASDAQ:TRMD) having the highest yield at 19.16%.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 3:05 pm

AROC

KGS

Archrock (NYSE:AROC) maintains its commitment to investors by issuing a dividend payout of $0.15 per share, with an annualized yield of 4.85%. Despite a positive trend in dividend per share growth from 2019 to 2022, Archrock's earnings per share have decreased, raising concerns about future dividend sustainability. Kodiak Gas Services (NYSE:KGS) has the highest annualized dividend yield in the industry at 8.56%.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 3:05 pm

RSKD

Riskified (NYSE:RSKD) is expected to release its quarterly earnings report on Wednesday, 2023-11-15, with an estimated EPS of $-0.06. Investors are looking for an earnings beat and positive guidance for the next quarter. Riskified's stock performance has been negative over the last 52 weeks, with shares down 22.35%. The company's past earnings performance shows mixed results with both beats and misses, and varied stock price reactions.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 3:01 pm

MAXN

Maxeon Solar Technologies (NASDAQ:MAXN) is scheduled to release its quarterly earnings report on Wednesday, 2023-11-15, with an expected EPS of $-0.93. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, the company's stock price has been volatile post-earnings, with significant drops and gains following their last four quarterly reports. Shares are currently trading at $5.48, down 72.9% over the last 52 weeks, indicating a negative sentiment among long-term shareholders ahead of the earnings release.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 3:01 pm