Streetbeat News

Earnings

GNRC

Generac Holdings (NYSE:GNRC) is set to release its quarterly earnings on October 31, 2024, with analysts expecting an EPS of $1.94. The company's past performance shows mixed results, with a recent EPS beat leading to a share price drop. Analysts maintain a 'Buy' rating with a price target suggesting a 7.57% upside. Generac faces challenges in revenue growth compared to peers but excels in net margin and return on equity.

Portfolio Pulse from Benzinga Insights

October 30, 2024 | 6:01 pm

MERC

Mercer Intl (NASDAQ:MERC) is set to announce its quarterly earnings on October 31, 2024, with analysts estimating an EPS of $0.08. The company previously missed EPS estimates but saw a share price increase. Analysts rate Mercer Intl as Neutral with a price target suggesting a 25.19% upside. The company faces challenges in revenue growth, profitability, and debt management compared to peers.

Portfolio Pulse from Benzinga Insights

October 30, 2024 | 6:01 pm

BP

BP's stock price targets have been cut by analysts due to weak earnings and rising debt. BP's Q3 revenue fell short, and analysts expect further challenges without an improved macroeconomic environment. RBC and Goldman Sachs have lowered their price targets, citing lower refining earnings and increased debt.

Portfolio Pulse from Lekha Gupta

October 30, 2024 | 5:52 pm

APDN

OMCL

RDDT

SVMH

THAR

VEV

U.S. stocks showed mixed performance with the S&P 500 slightly down. Crude oil inventories fell, contrary to expectations. Tharimmune, Omnicell, and Reddit saw significant stock price increases due to positive news, while SRIVARU Holding, Vicinity Motor, and Applied DNA Sciences experienced sharp declines.

Portfolio Pulse from Avi Kapoor

October 30, 2024 | 5:50 pm

AMD

GOOGL

SMCI

SOXX

Wall Street had a mixed session with AMD shares dropping 10% after disappointing earnings, affecting the semiconductor sector. Alphabet shares rose over 5% on strong earnings. SMCI plummeted 33% due to auditor resignation. Economic data showed strong job growth but slower GDP growth.

Portfolio Pulse from Piero Cingari

October 30, 2024 | 5:35 pm

FLEX

Flex Ltd. reported better-than-expected Q2 results, with EPS of 64 cents beating estimates. The company raised its FY25 EPS guidance but lowered its revenue outlook. Shares rose 3.17% following the news.

Portfolio Pulse from Nabaparna Bhattacharya

October 30, 2024 | 5:33 pm

AMD

QRVO

SMCI

Chip stocks are experiencing a downturn due to disappointing earnings reports and outlooks from AMD and Qorvo, as well as uncertainty caused by SMCI's auditor resignation.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 5:31 pm

AMD

NVDA

AMD is making significant strides in the AI chip market, with CEO Lisa Su predicting a major AI supercycle. Jim Cramer supports AMD's potential, highlighting its partnerships with major tech companies. Despite positive earnings, AMD shares fell 9.54%.

Portfolio Pulse from Adam Eckert

October 30, 2024 | 5:16 pm

RDDT

Reddit, Inc. (NYSE:RDDT) shares surged following a strong Q3 earnings report, with revenue up 68% year-over-year and a significant increase in daily active users. Analysts have raised price targets, citing growth in user engagement and advertising potential.

Portfolio Pulse from Erica Kollmann

October 30, 2024 | 5:14 pm

GOOG

GOOGL

META

NFLX

UBER

Netflix announced a leadership restructuring with the departure of two key executives, Rachel Whetstone and Dean Garfield. The company plans to create a new 'chief global affairs officer' role. Despite these changes, Netflix reported strong Q3 results with a 15% revenue increase and a 14.4% rise in global subscribers. Analysts remain optimistic about Netflix's growth prospects.

Portfolio Pulse from Anusuya Lahiri

October 30, 2024 | 5:09 pm