Streetbeat News

Earnings

JRSH

Jerash Holdings (US) (NASDAQ:JRSH) is scheduled to release its quarterly earnings report on Monday, 2023-11-13, with analysts expecting an EPS of $0.07. Investors are looking for an earnings beat and positive guidance for future growth. Historically, the company's stock price has been sensitive to earnings performance and guidance rather than just earnings beats or misses. Last quarter, Jerash Holdings beat EPS estimates but saw a 10.03% drop in share price the following day. Over the last year, the stock has declined by 25.38%.

Portfolio Pulse from Benzinga Insights

November 10, 2023 | 5:02 pm

DMAC

DiaMedica Therapeutics (NASDAQ:DMAC) is expected to release its quarterly earnings report on Monday, 2023-11-13, with analysts predicting an EPS of $-0.13. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, DMAC's stock price has reacted to both earnings outcomes and guidance. Last quarter, DMAC beat the EPS estimate by $0.02, leading to a 4.4% stock price increase the following day. Over the last year, DMAC shares have risen by 101.7%, trading at $2.35 as of November 09.

Portfolio Pulse from Benzinga Insights

November 10, 2023 | 5:02 pm

ICMB

Investcorp Credit (NASDAQ:ICMB) is scheduled to release its quarterly earnings report on Monday, 2023-11-13, with analysts expecting an EPS of $0.14. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, ICMB's stock price has been sensitive to earnings performance and guidance. Last quarter, the company missed EPS estimates by $0.02, resulting in a 6.02% share price drop the following day. Over the last year, ICMB shares have declined by 8.47%, trading at $3.37 as of November 09.

Portfolio Pulse from Benzinga Insights

November 10, 2023 | 5:02 pm

SBIG

SpringBig Holdings (NASDAQ:SBIG) is expected to release its quarterly earnings report on Monday, 2023-11-13, with an estimated EPS of $-0.03. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, SBIG's stock price has shown mixed reactions to past earnings performances. Currently, shares are trading at $0.1655, down 85.76% over the last 52 weeks, indicating a negative sentiment among long-term shareholders ahead of the earnings release.

Portfolio Pulse from Benzinga Insights

November 10, 2023 | 5:01 pm

OCFT

OneConnect Financial Tech (NYSE:OCFT) is scheduled to release its quarterly earnings report on Monday, 2023-11-13, with an estimated EPS of $-0.01. Investors are looking for an earnings beat and positive guidance for the next quarter. The stock's performance has been negative over the last 52 weeks, with a 60.57% decline. Past earnings have shown mixed results with both misses and beats, and varied stock price reactions.

Portfolio Pulse from Benzinga Insights

November 10, 2023 | 5:01 pm

OWLT

Owlet (NYSE:OWLT) is scheduled to release its quarterly earnings report on Monday, 2023-11-13, with an expected EPS of $-0.36. Investors are looking for a beat on this estimate and positive guidance for future growth. Historically, Owlet's stock price has shown mixed reactions to earnings reports, with the last quarter's beat resulting in a 2.42% drop in share price. Over the past year, Owlet's shares have decreased by 66.8%, indicating potential concern among long-term shareholders ahead of the earnings release.

Portfolio Pulse from Benzinga Insights

November 10, 2023 | 5:01 pm

BW

DRCT

MRAI

PLUG

TCON

TWOU

U.S. stocks traded higher with the Nasdaq Composite gaining over 100 points. The University of Michigan consumer sentiment declined to 60.4 in November, the lowest in six months. TRACON Pharmaceuticals, Direct Digital Holdings, and Marpai saw their shares rise after positive financial results or corporate actions. Conversely, Babcock & Wilcox Enterprises, Plug Power, and 2U experienced significant share price drops following disappointing financial results or outlooks. Crude oil prices increased by 2.1%, while gold and silver prices fell.

Portfolio Pulse from Lisa Levin

November 10, 2023 | 5:00 pm

HSBC

HSBC Holdings Inc. (NYSE:HSBC) shares dropped by 0.46% in the current session to $36.80, reflecting a 7.42% decline over the past month but a 30.54% increase over the past year. The article discusses HSBC's price-to-earnings (P/E) ratio in comparison to its industry peers, noting that HSBC's P/E is lower than the Banks industry average of 32.44, which could indicate that the stock is undervalued or that investors have lower growth expectations.

Portfolio Pulse from Benzinga Insights

November 10, 2023 | 5:00 pm

FLGC

Flora Growth Corp (NASDAQ:FLGC) reported its first profitable quarter with a 78% increase in revenue to $17.3 million and a gross profit of $4.9 million, up 6% from the previous year. Despite this, the company experienced a net loss of $47.3 million, which was higher than the previous year's $39.6 million. The adjusted EBITDA showed a loss of $231,000, but the company achieved a positive EBITDA of $0.9 million. CEO Clifford Starke credited strategic cost reductions and a refocused business model for the profitability. Year-to-date revenue is up 154% to $58.1 million, and gross profit increased by 39% to $14.2 million. FLGC's stock price rose 7.32% to $0.805 per share.

Portfolio Pulse from Patricio Liddle

November 10, 2023 | 4:59 pm

VUZI

Vuzix Corporation's stock is trading lower following the release of their third-quarter earnings per share (EPS) results, which fell short of expectations. Additionally, the company's stock was downgraded by BTIG from Buy to Neutral.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 4:59 pm