Streetbeat News

Earnings

BEST

BEST Inc. reported a Q3 adjusted loss per ADS from continuing operations of $(1.21) and sales of $305.20 million.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 10:04 pm

AAPL

MSFT

Microsoft Corp. (MSFT) reached a new all-time high of $377 per share, with a year-to-date gain of 57%. The company's market cap is at $2.8 trillion, just behind Apple Inc. (AAPL). Microsoft's success is attributed to its leadership in AI, cloud computing, and strong financial performance, with Q3 2023 revenue of $56.5 billion and EPS of $2.99. However, its forward P/E ratio of 33x and bearish RSI divergence signal caution among investors. Goldman Sachs sees MSFT as a compelling investment, with a 1-year target of $406.

Portfolio Pulse from Piero Cingari

November 22, 2023 | 10:01 pm

XYF

X Financial reported its Q3 adjusted earnings per ADS at $1.04 and sales of $191.50 million.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 9:53 pm

ZM

Zoom Video Communications, Inc. (NASDAQ:ZM) shares fell after reporting Q3 earnings. Despite beating revenue and EPS estimates and issuing strong guidance, the stock experienced volatility, dropping over 3% on Wednesday. Barclays and Piper Sandler analysts lowered their price targets for ZM following the earnings release.

Portfolio Pulse from Ryan Gustafson

November 22, 2023 | 8:53 pm

GSK

GSK Inc. (NYSE:GSK) shares are trading at $35.23, down 0.44% in the current session. Over the past month, the stock has decreased by 2.29%, but it has increased by 3.63% over the past year. GSK's P/E ratio of 9.55 is lower than the Pharmaceuticals industry average of 38.89, which could suggest it is undervalued or that shareholders have lower growth expectations. Investors are advised to consider the P/E ratio alongside other financial metrics and qualitative analysis for a comprehensive investment decision.

Portfolio Pulse from Benzinga Insights

November 22, 2023 | 8:45 pm

LEN

Lennar Inc. (NYSE:LEN) stock has seen a 23.12% increase over the past month and a 46.91% increase over the past year. Currently trading at $126.90, its P/E ratio of 9.41 is higher than the Household Durables industry average of 9.01, which could suggest that the stock is overvalued or expected to perform better than its peers.

Portfolio Pulse from Benzinga Insights

November 22, 2023 | 8:30 pm

BURL

BMO Capital Markets analyst Simeon Siegel maintains an Outperform rating on Burlington Stores, Inc. (BURL) with a $175 price target. Siegel highlights BURL's consistent sales growth, expansion plans, and strong third-quarter performance. Despite a slight reduction in FY23 EPS estimates, the analyst sees strong growth potential for BURL, supported by a thematic push to off-price shopping and efficient operations. BURL shares rose by over 4% on Wednesday.

Portfolio Pulse from Nabaparna Bhattacharya

November 22, 2023 | 8:12 pm

SAIA

BMO Capital Markets analyst Fadi Chamoun initiated coverage on Saia Inc (NASDAQ:SAIA) with a Market Perform rating and a price target of $450. Chamoun highlights SAIA's strong management and execution track record, and the company's ability to drive service levels with its 194 terminals. The analyst projects a FY23-FY28 EPS CAGR of 16.3% and expects revenue and EPS to grow over the next few years, with figures slightly differing from consensus estimates. SAIA recently reported Q3 FY23 revenue growth of 6.2% YOY, surpassing consensus estimates.

Portfolio Pulse from Lekha Gupta

November 22, 2023 | 8:02 pm

AMZN

BBY

COST

KSS

M

TGT

WMT

A Goldman Sachs survey indicates that 61% of consumers will spend the same or more during the 2023 holiday season, with a focus on discounts and sales. Amazon (AMZN) and Walmart (WMT) are expected to be top destinations for shoppers. Department stores like Macy's (M) and Kohl's (KSS) may see weaker performance. The survey also suggests that gift cards, toys, games, and apparel will be popular gift items. E-commerce is projected to grow at twice the rate of total retail, with Amazon particularly well-positioned due to its fulfillment capacity and fast delivery options. The timing of Christmas Eve could further benefit Amazon's last-minute delivery advantage.

Portfolio Pulse from Chris Katje

November 22, 2023 | 7:40 pm

COST

Oppenheimer analyst Rupesh Parikh maintains an Outperform rating on Costco Wholesale Corporation (NASDAQ:COST) with a price target of $630, citing steady growth potential into 2024. November sales and Q1 earnings dates are announced. A modest November U.S. comp forecast of +3% is expected, with a four-year adjusted trend moderating to +30.9% from October's +36.4%. Potential catalysts include a membership fee increase and a special dividend, though their likelihood by end of 2023 is uncertain. Investors are advised to buy on weakness. COST shares recently traded higher by 1.01% at $590.21.

Portfolio Pulse from Shivani Kumaresan

November 22, 2023 | 7:35 pm