Streetbeat News

Earnings

BDRBF

Bombardier (OTC:BDRBF) is set to release its quarterly earnings report on November 2, 2023. Analysts estimate an earnings per share (EPS) of $0.44. The company's past performance shows a pattern of beating EPS estimates but experiencing a drop in share price the following day. The stock is currently trading at $32.06 and has seen a 7.69% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

November 01, 2023 | 4:01 pm

PXD

Pioneer Natural Resources (NYSE:PXD) is set to release its latest quarterly earnings report on November 2, 2023. Analysts estimate an earnings per share (EPS) of $5.51. The company's past performance shows a pattern of beating EPS estimates, which often leads to a share price increase. However, the stock has been down 6.0% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

November 01, 2023 | 4:00 pm

LPX

Louisiana-Pacific Corp (NYSE:LPX) reported Q3 FY23 net sales of $728 million, beating the consensus of $727.17 million, but marking a 14.6% YoY decline. Siding net sales and Oriented Strand Board (OSB) net sales decreased by 13% and 14% respectively. Adjusted EPS was $1.62, down from $1.72 in 3Q22, but beating the consensus of $1.53. The company expects OSB's net sales to decline sequentially by ~30% in 4Q23 and adjusted EBITDA to be between $60 million and $80 million. LPX shares were trading 4.1% higher at $53.39.

Portfolio Pulse from Akanksha Bakshi

November 01, 2023 | 3:58 pm

TGTX

TG Therapeutics reported its Q3 earnings, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 3:58 pm

SLAB

Silicon Laboratories Inc (NASDAQ:SLAB) reported Q3 FY23 sales of $203.76 million, down 24.5% Y/Y, beating the consensus of $200.24 million. However, the company's CEO, Matt Johnson, stated that the current demand environment remains weak. The company's outlook for Q4 FY23 revenue is $70 million-$100 million, significantly lower than the consensus of $204.93 million. The stock is down 37% YTD and was trading 9.9% lower at $83.14 at last check Wednesday.

Portfolio Pulse from Anusuya Lahiri

November 01, 2023 | 3:44 pm

EAT

Brinker International Inc (EAT) reported Q1 FY24 revenues of $1.012 billion, slightly above the consensus of $1.010 billion. Comparable sales increased by 5.8% Y/Y due to higher menu pricing and favorable item mix. The company also reported an operating margin of 2.4% and adjusted EBITDA of $72.4 million. EAT reaffirmed its FY24 sales outlook of $4.27 billion-$4.35 billion and raised its adjusted EPS to $3.35-$3.65.

Portfolio Pulse from Lekha Gupta

November 01, 2023 | 3:42 pm

SPR

An executive at Spirit AeroSystems has stated that the company expects 2024 to be a positive cash flow year.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 3:34 pm

TEL

TE Connectivity Ltd (NYSE:TEL) reported Q4 FY23 net sales of $4.035 billion, beating the consensus of $4.009 billion, but lower by 7.4% YoY. The adjusted EPS of $1.78 beat the consensus of $1.76. Orders were $3.9 billion, with growth in the Transportation and Communications segments. The company generated $945 million in free cash flow and held $1.66 billion in cash and equivalents. TEL sees Q1 net sales of $3.85 billion, vs. the consensus of $3.94 billion, and adjusted EPS of $1.70, vs the consensus of $1.70.

Portfolio Pulse from Anusuya Lahiri

November 01, 2023 | 3:29 pm

MLM

Martin Marietta Materials, Inc. (NYSE:MLM) reported a 10.1% YoY revenue growth in Q3 FY23, slightly missing the consensus. The EPS from continuing operations was $6.94, beating the consensus of $6.06. The company's gross profit was $676 million, up 38.6% YoY. The company also returned $278.2 million to shareholders through dividends and share repurchases. The company has revised its FY23 total revenue and adjusted EBITDA guidance.

Portfolio Pulse from Akanksha Bakshi

November 01, 2023 | 3:29 pm

BA

SPR

During an investor call, a Spirit Aero executive stated that the company needs to address indirect costs such as enforcement of contracts with suppliers and organizational inefficiencies. The company also plans to deliver 37-42 narrowbody 737 fuselages per month in Q4.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 3:22 pm