Streetbeat News

Earnings

AMD

Advanced Micro Devices (NASDAQ:AMD) is evaluated against competitors in the Semiconductors & Semiconductor Equipment industry. AMD's P/E ratio is significantly higher than the industry average, suggesting a premium valuation. Its P/B ratio is below the industry average, indicating potential undervaluation, while a high P/S ratio might suggest overvaluation based on sales. AMD's ROE is lower than the industry average, hinting at potential inefficiency. The company's EBITDA and gross profit are also below the industry average, and it has a declining revenue growth rate. AMD's lower debt-to-equity ratio compared to top peers suggests a stronger financial position.

Portfolio Pulse from Benzinga Insights

January 02, 2024 | 4:00 pm

CFLT

Confluent Inc (NASDAQ:CFLT) has received mixed analyst ratings over the past three months, with 17 analysts offering diverse perspectives. The average 12-month price target is $26.71, a significant decrease from the previous $38.56. Analysts have adjusted their ratings and price targets, with some raising and others lowering their expectations. Confluent's financials show a revenue growth rate of 31.93% as of September 30, 2023, but it struggles with a net margin of -46.29%, an ROE of -11.95%, an ROA of -3.95%, and a high debt-to-equity ratio of 1.41.

Portfolio Pulse from Benzinga Insights

January 02, 2024 | 4:00 pm

ABNB

The analysis compares Airbnb (ABNB) with competitors in the Hotels, Restaurants & Leisure industry, focusing on financial metrics like P/E, P/B, P/S, ROE, EBITDA, gross profit, and revenue growth. Airbnb shows potential undervaluation with a lower P/E and P/B than the industry average, but a higher P/S ratio suggests overvaluation in sales. The company's high ROE, EBITDA, and gross profit indicate strong profitability, despite lower revenue growth compared to the industry. Airbnb's lower debt-to-equity ratio suggests a stronger financial position with less reliance on debt.

Portfolio Pulse from Benzinga Insights

January 02, 2024 | 4:00 pm

TSLA

Tesla Inc (NASDAQ:TSLA) reported increased production and delivery numbers for Q4, surpassing its internal forecast with 1,845,986 vehicles produced and 1,808,581 delivered in full-year 2023. The company is expected to report Q4 earnings on Jan. 24, with an anticipated EPS of 74 cents and revenue of $25.258 billion. Tesla's stock showed volatility, trading slightly down by 0.21% at $248.05 after the update. The EV market is becoming more competitive, especially in China, with BYD surpassing Tesla in Q4 deliveries.

Portfolio Pulse from Adam Eckert

January 02, 2024 | 3:56 pm

MRNA

Moderna Inc (NASDAQ:MRNA) shares rose after Oppenheimer analyst Hartaj Singh upgraded the stock from Perform to Outperform with a price target of $142. The upgrade follows Moderna's shareholder letter detailing plans for new product launches, clinical trials, and a focus on profitability by 2024-2025. CEO Stéphane Bancel outlined the company's aim to launch up to 15 new products in the next five years and expects to break even in 2026.

Portfolio Pulse from Adam Eckert

January 02, 2024 | 3:44 pm

AAPL

Apple Inc (AAPL) stock is down after Barclays analyst Tim Long downgraded the stock from Equal-Weight to Underweight and lowered the price target from $161 to $160. Long cites weakness in iPhone volumes and mix, lack of recovery in Macs, iPads, and wearables, and worse IP15 data from China. He expects a largely in-line December quarter but has reduced his March quarter estimates below consensus, anticipating a year-over-year revenue decline after a flat December quarter. Long also sees service risks emerging in 2024 and believes the current multiple expansions are unsustainable.

Portfolio Pulse from Anusuya Lahiri

January 02, 2024 | 3:40 pm

MPLX

MPLX Inc. (NYSE:MPLX) stock has seen a slight increase of 0.22% in the current session, trading at $36.80. Over the past month and year, the stock has risen by 0.72% and 11.58%, respectively. The company's P/E ratio is lower than the industry average, which could indicate either potential undervaluation or weaker growth prospects compared to its peers in the Oil, Gas & Consumable Fuels industry.

Portfolio Pulse from Benzinga Insights

January 02, 2024 | 3:30 pm

RIVN

Rivian Automotive Inc (NASDAQ:RIVN) shares dropped approximately 10% following its Q4 and FY23 vehicle production and delivery report. The company produced 17,541 vehicles and delivered 13,972 in Q4, falling short of Q3's 15,564 deliveries and analysts' expectations of 14,430. However, Rivian exceeded its full-year production guidance with 57,232 vehicles produced and 50,122 delivered in 2023. The Q4 results will be announced on February 21. The decline in Rivian's shares comes amidst strong delivery numbers from U.S.-listed Chinese EV makers.

Portfolio Pulse from Lekha Gupta

January 02, 2024 | 3:27 pm

GHI

MBIN

Merchants Bancorp (NASDAQ:MBIN) has announced a dividend payout of $0.08 per share with an annualized yield of 0.99%, payable on January 2, 2024, to shareholders on record as of December 15, 2023. The company has shown a positive trend in dividend growth from $0.21 to $0.32 per share from 2020 to 2023 and an increase in earnings per share from $3.16 to $5.18 over the same period. This consistent performance suggests financial health and the potential for future dividend increases, positioning Merchants Bancorp favorably among income-seeking investors.

Portfolio Pulse from Benzinga Insights

January 02, 2024 | 3:05 pm

MCK

PDCO

McKesson (NYSE:MCK) is set to distribute a dividend of $0.62 per share on January 02, 2024, with an annualized yield of 0.55%. Shareholders as of November 30, 2023, will be eligible. The company has shown a consistent increase in dividends per share from $1.66 in 2020 to $2.32 in 2023, and a significant earnings growth from $15.65 to $27.59 per share over the same period. Despite this, McKesson's dividend yield is lower than industry peer Patterson Cos (NASDAQ:PDCO), which has a yield of 3.65%.

Portfolio Pulse from Benzinga Insights

January 02, 2024 | 3:05 pm