Streetbeat News

Earnings

BLDR

Builders FirstSource (NYSE:BLDR) has been the subject of 10 analyst reviews in the past three months, with a mix of bullish and somewhat bullish ratings, and no bearish sentiments. The average 12-month price target is $166.2, down from $170.00, with a high estimate of $200.00 and a low of $143.00. Recent actions by analysts include both raised and lowered price targets and ratings. The company faces challenges with a revenue decline of -21.3% over 3 months, a below-average net margin of 9.96%, and an ROE of 10.12%, but it has a strong ROA of 4.21% and a healthy debt-to-equity ratio of 0.85.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 6:00 pm

BJ's Wholesale Club (NYSE:BJ) has been rated by 6 analysts over the past three months, all maintaining an 'Indifferent' stance. The average 12-month price target is $68.83, with recent adjustments showing a decrease of 6.99%. Analysts from Wells Fargo, Citigroup, Roth MKM, Evercore ISI Group, Deutsche Bank, and Goldman Sachs have provided ratings and adjusted price targets. BJ's financials show a market cap below industry benchmarks, a revenue growth of 2.91%, a net margin of 2.65%, an ROE of 10.09%, an ROA of 1.94%, and a high debt-to-equity ratio of 2.29.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 6:00 pm

BLK

Morgan Stanley analyst Michael Cyprys projects positive earnings for BlackRock, Inc (NYSE:BLK) with a slight increase in revenues but expects a decrease in adjusted operating income and EPS for Q4 2023. Cyprys is interested in BlackRock's insights on various key areas and has raised his price target from $897 to $952, maintaining an Overweight rating and selecting it as his Top Pick. BlackRock's diversified business and Aladdin technology platform are seen as strengths. BLK shares are up by 0.59% at $788.78.

Portfolio Pulse from Anusuya Lahiri

January 04, 2024 | 5:38 pm

ALLY

AMZN

AXP

COF

MSFT

NKE

VCR

Online spending during the 2023 holiday season reached a record $222.1 billion, up 4.9% from the previous year, driven by deep discounts and 'buy now, pay later' deals. The Vanguard Consumer Discretionary ETF (VCR) saw a 22.8% gain during this period but has since dropped 3.5% in early 2024. Electronics, apparel, and furniture were top categories, with Microsoft's Xbox and sports apparel like sneakers being popular items. 'Buy now, pay later' contributed $16.6 billion in holiday spend, but credit card delinquencies are rising, with Goldman Sachs predicting normalization by 2025. American Express, Capital One, and Ally Financial were highlighted as top picks in the consumer finance sector.

Portfolio Pulse from Neil Dennis

January 04, 2024 | 5:29 pm

Lamb Weston Holdings, Inc. (NYSE:LW) shares rose after reporting Q2 sales of $1.732 billion, surpassing the $1.70 billion analyst consensus. Adjusted EPS of $1.45 also beat the $1.41 consensus. The company cited pricing actions, mix improvements, and supply chain savings as drivers, despite a $71 million charge for excess raw potatoes. Gross profit and adjusted income from operations increased, and adjusted EBITDA rose 15% to $376.9 million. LW repurchased $50 million in stock and paid $41 million in dividends, announcing a 29% dividend increase to $0.36 per share. The FY24 net sales target was reaffirmed at $6.8-$7.0 billion, and the diluted EPS target was raised to $5.70-$6.15. LW shares were up 0.27% to $105.21.

Portfolio Pulse from Nabaparna Bhattacharya

January 04, 2024 | 5:26 pm

DIS

ESPN and the NCAA have entered into a $920 million, eight-year media rights agreement for NCAA championships, starting Sept. 1, 2024. The deal covers 40 championships, including the Division I men's basketball tournament. ESPN Chairman Jimmy Pitaro expressed excitement over the continuation of their long-standing partnership. The Walt Disney Company (NYSE:DIS), ESPN's parent company, saw its stock trend on WallStreetBets and is set to report Q1 financial results on Feb. 7, with expected earnings of $1.04 per share and revenue of $23.84 billion. DIS shares were down 1.2% at the time of the article's publication.

Portfolio Pulse from Erica Kollmann

January 04, 2024 | 5:17 pm

AIR

AAR Corp (NYSE:AIR) has signed a multi-year agreement with Ontic to distribute military products to the U.S. government. AAR already supports Ontic's facilities in the U.K. and North Carolina. The company reported Q2 FY24 sales of $545.4 million, a 16% increase year-over-year, but slightly below estimates. Adjusted EPS was 81 cents, surpassing the estimate by 1 cent. AAR shares saw a modest increase of 0.51% to $62.48.

Portfolio Pulse from Shivani Kumaresan

January 04, 2024 | 5:12 pm

RIVN

Rivian Automotive (NASDAQ:RIVN) has received mixed evaluations from 8 analysts in the past three months, with an average 12-month price target of $24.62, down from the previous $27.50. Recent actions include lowered price targets by Goldman Sachs, Cantor Fitzgerald, Wells Fargo, and Wedbush, while Stifel, Cantor Fitzgerald, Needham, and UBS have given positive ratings. Rivian's financials show strong revenue growth but a high net margin loss, below-average ROE and ROA, and a conservative debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 5:00 pm

PKG

Packaging Corp of America (NYSE:PKG) received diverse analyst ratings over the last three months, with a recent shift towards a more bullish outlook. The average 12-month price target for PKG has increased to $161.6, up 6.74% from the previous target. Analysts from Truist Securities, Wells Fargo, Citigroup, and Jefferies have adjusted their price targets and ratings, reflecting changes in market conditions and company performance. PKG's financials show a negative revenue trend with a -8.93% decline, but strong profitability with a high net margin of 9.39% and above-average ROE and ROA. The company's debt-to-equity ratio is conservative at 0.71.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 5:00 pm

ATXI

DYN

MBLY

OMGA

OPK

SLS

U.S. stocks saw gains with the Dow Jones rising by 200 points. Financial shares led the gains, while energy shares declined. The S&P Global US Services PMI was revised slightly higher for December. Dyne Therapeutics announced a public offering, Omega Therapeutics surged after a collaboration with Novo Nordisk, and Avenue Therapeutics rose on FDA agreement news. Conversely, SELLAS Life Sciences, Mobileye Global, and OPKO Health fell sharply due to a public offering, preliminary financial results, and a private offering of notes, respectively.

Portfolio Pulse from Avi Kapoor

January 04, 2024 | 5:00 pm