Streetbeat News

Earnings

MNRO

Monro (NASDAQ:MNRO) reported Q2 adjusted earnings of $0.41 per share, beating the analyst consensus estimate of $0.40 by 2.5%. However, the company's quarterly sales of $322.10 million missed the analyst consensus estimate of $331.01 million by 2.69%. This represents a 2.34% decrease over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 11:31 am

ABAT

CC

IONR

PLL

The article lists four materials stocks that are currently oversold and could potentially rise in Q4. These include The Chemours Company (CC), American Battery Technology Company (ABAT), ioneer Ltd (IONR), and Piedmont Lithium Inc. (PLL). The companies have recently reported positive developments such as better-than-expected earnings, start of operations at a new facility, and strategic investments.

Portfolio Pulse from Lisa Levin

October 25, 2023 | 11:24 am

VICR

Vicor Corp's shares have dropped by around 15% following the release of their Q3 FY23 results. Despite revenues rising 4.6% Y/Y to $107.8 million and EPS of $0.37 exceeding the consensus of $0.31, the company's backlog decreased by 53.0% Y/Y. The company's gross margin increased and operating cash flow stood at $23.8 million.

Portfolio Pulse from Lekha Gupta

October 25, 2023 | 11:22 am

ADP

Automatic Data Processing (ADP) has reiterated its FY24 revenue growth forecast of 6%-7%, which is in line with the estimated $19.18B. The company also expects its adjusted EPS growth to be 10%-12%, compared to the estimated $9.15.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 11:10 am

PAG

Penske Automotive Group (NYSE:PAG) reported Q3 earnings of $3.92 per share, missing the analyst consensus estimate of $4.04 by 2.97%. This is a 14.97% decrease from the same period last year. However, the company's quarterly sales of $7.45 billion beat the analyst consensus estimate of $7.26 billion by 2.59%, marking a 7.62% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 11:09 am

ALKS

Alkermes reported Q3 adjusted earnings of $0.64 per share, beating the analyst consensus estimate of $0.43 by 48.84%. This is a 3100% increase from the same period last year. The company also reported quarterly sales of $380.94 million, beating the analyst consensus estimate of $362.15 million by 5.19%. This is a 50.95% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 11:09 am

ROP

Roper Technologies has projected its Q4 adjusted EPS to be between $4.28 and $4.32, which aligns with the estimated $4.28.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 11:08 am

COOP

Mr. Cooper Gr (NASDAQ:COOP) reported Q3 sales of $574.00 million, beating the analyst consensus estimate of $449.31 million by 27.75 percent. This represents a 12.55 percent increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 11:07 am

GOOGL

META

MSFT

QQQ

SPY

Mixed earnings have led to a dampened risk appetite in the market, with Microsoft's positive report contrasting Alphabet's underwhelming cloud revenue growth. The focus now shifts to Meta Platforms, which is due to report after the close. Analysts stress the importance of robust corporate profit growth to sustain valuations, especially with rising bond yields. The S&P 500 Index broke a five-session losing streak, while the Nasdaq Composite recorded gains for the second consecutive session. In premarket trading, the SPDR S&P 500 ETF Trust slipped 0.34% and the Invesco QQQ ETF fell 0.55%.

Portfolio Pulse from Shanthi Rexaline

October 25, 2023 | 11:07 am

ROP

Roper Technologies has increased its 2023 adjusted EPS outlook from $16.36-$16.50 to $16.62-$16.66, which is higher than the estimated $16.52.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 11:07 am