Streetbeat News

Earnings

GRMN

Garmin reported better-than-expected Q3 results and raised its FY23 guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 3:00 pm

AAPL

QCOM

Qualcomm Inc (NASDAQ:QCOM) is set to report its Q4 earnings on Nov. 1. Analysts will focus on inventories, orders, shipments, revenues, margins, and the company's revenue diversification initiatives. Investors are positive about the company's latest Snapdragon X Elite and new Snapdragon smartphone chipset. However, challenges faced by Apple Inc (NASDAQ:AAPL), Qualcomm's largest customer, in China may impact Qualcomm. Wall Street analysts expect Qualcomm to report $1.8 in EPS and $8.03 billion in revenue for Q4, and $8.30 in EPS and $35.69 billion in revenue for the fiscal year ending September 2023.

Portfolio Pulse from Surbhi Jain

November 01, 2023 | 3:00 pm

TRMB

Trimble Inc. shares are trading lower after the company missed Q3 revenue estimates and issued weak guidance.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 3:00 pm

SPWR

SunPower Corp (NASDAQ:SPWR) reported a Q3 FY23 revenue decline of 9.3% YoY to $432.00 million, missing the consensus of $453.25 million. The company also reported an adjusted EPS loss of $(0.12), missing the consensus loss of $(0.00). SunPower has reduced its 2023 guidance due to lower-than-expected consumer demand and delayed revenue recognition. The company's stock has lost 75.1% YTD and traded lower by 9.37% at $3.87 on the last check.

Portfolio Pulse from Anusuya Lahiri

November 01, 2023 | 2:59 pm

MTZ

MasTec Inc (MTZ) shares dropped by 21.3% after the company reported Q3 results and reduced its full year 2023 revenue and EPS outlook. The company's Q3 sales were $3.26 billion, falling short of the analyst consensus estimate of $3.76 billion by 13.4%. However, this still represents a 29.61% increase in sales compared to the same period last year. The company's 2023 revenue outlook was revised down from $12.7 billion-$13 billion to $12 billion, and its EPS guidance was lowered from $3.75-$4.19 to $1.75.

Portfolio Pulse from Henry Khederian

November 01, 2023 | 2:57 pm

ABNB

Airbnb Inc (NASDAQ:ABNB) is set to report its Q3 earnings on Nov. 1. The company's revenues have been growing at a rate of over 20% YoY for the last three quarters, and this growth is expected to continue due to efforts in underpenetrated markets in Asia. Analysts expect Airbnb to report $1.96 in EPS and $3.18 billion in revenue for Q3. The stock is currently rated as a Hold by 43 analysts with an average price target of $141.84. The stock has fallen by 13% over the past month.

Portfolio Pulse from Surbhi Jain

November 01, 2023 | 2:55 pm

TRI

Thomson Reuters reported mixed Q3 financial results, issued guidance, and proposed a buyback of up to $1 billion of its shares. This news has led to an increase in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 2:55 pm

TM

Toyota Motor Corporation reported its H1 results, leading to an increase in its share price.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 2:53 pm

DIN

Dine Brands Global, Inc. (NYSE:DIN) reported a Q3 FY23 revenue decline of 13.1% YoY to $202.58 million, missing the consensus of $203.23 million. The decline was primarily due to the refranchising of 69 company-operated Applebee's units and negative same-restaurant sales growth at Applebee's. The company's adjusted EPS of $1.46 beat the analyst consensus of $1.31. The company's shares are trading lower by 5.31%.

Portfolio Pulse from Nabaparna Bhattacharya

November 01, 2023 | 2:46 pm

ASC

CMRE

CTRM

GRIN

HTZ

The article discusses notable value stocks in the industrials sector, including Ardmore Shipping (ASC), Grindrod Shipping Hldgs (GRIN), Castor Maritime (CTRM), Hertz Global Holdings (HTZ), and Costamare (CMRE). The companies' P/E ratios and recent changes in earnings per share and dividend yields are highlighted. The stocks were selected by Benzinga Insights based on quantified analysis.

Portfolio Pulse from Benzinga Insights

November 01, 2023 | 2:41 pm