Streetbeat News

Earnings

BLK

BlackRock has reported its Q3 revenue on a GAAP basis to be $4.522 billion.

Portfolio Pulse from Bill Haddad

October 13, 2023 | 10:18 am

BLK

BlackRock has reported its Q3 adjusted EPS at $10.91, which is significantly higher than the estimated $8.26.

Portfolio Pulse from Bill Haddad

October 13, 2023 | 10:17 am

UNTY

Unity Bancorp (NASDAQ:UNTY) reported Q3 earnings of $0.97 per share, beating the analyst consensus estimate of $0.89 by 8.99%. This is a 4.3% increase from the same period last year. The company also reported quarterly sales of $25.58 million, beating the analyst consensus estimate of $25.32 million by 1.01%. This is a 2.93% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 10:09 am

UNH

UnitedHealth Group has updated its FY23 adjusted EPS forecast to $24.85-$25.00, slightly above the previous estimate of $24.84. The prior outlook was $24.70-$25.00.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 10:08 am

LCID

RIVN

TSLA

Lucid Group, Inc. (NASDAQ:LCID) has not yet released its Q3 delivery report, causing investor anxiety as its stock trades near record lows. The company has faced production issues and lukewarm demand for its higher-priced EVs due to economic uncertainties and aggressive price cuts by Tesla. In Q2, Lucid produced 2,173 EVs, down from 2,314 in Q1, and Q3 deliveries were significantly below forecasts at 1,404 units. The company revised its 2023 production guidance to over 10,000 units due to these challenges.

Portfolio Pulse from Shanthi Rexaline

October 13, 2023 | 10:00 am

UNH

UnitedHealth Group (NYSE:UNH) reported Q3 adjusted earnings of $6.56 per share, beating the analyst consensus estimate of $6.32 by 3.8%. This is a 13.3% increase from the same period last year. The company also reported quarterly sales of $92.36 billion, beating the analyst consensus estimate of $91.37 billion by 1.08%, a 14.18% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 9:59 am

BRK

Berkshire Hathaway's stake in Nu Holdings has seen a 93% increase in value since January, making it the star performer in Berkshire's 2023 portfolio. Despite a 13% slide from its IPO price, Nubank has shown promising operational growth with a 28% increase in customer count and a 61% increase in revenue. Nubank's crypto-friendly approach has attracted attention, despite Warren Buffett's criticism of digital coins.

Portfolio Pulse from Benzinga Neuro

October 13, 2023 | 7:22 am

JPM

SGH

WFC

Citigroup, Dollar General Corporation, JPMorgan Chase & Co., SMART Global Holdings, and Wells Fargo & Company are the stocks to watch heading into Friday. Citigroup and Wells Fargo are expected to report quarterly earnings, while Dollar General has narrowed its outlook for fiscal year 2023 and announced a CEO change. JPMorgan is also set to release its earnings, and SMART Global reported worse-than-expected Q4 results and issued a weak forecast for Q1.

Portfolio Pulse from Lisa Levin

October 13, 2023 | 6:50 am

UNH

UnitedHealth Group Incorporated (NYSE:UNH) is set to release its Q3 financial results on Oct. 13, 2023. Analysts predict earnings of $6.32 per share, up from $5.79 per share in the same period last year, and revenue of $91.37 billion, up from $80.5 billion. The company's shares closed at $525.54 on Thursday. Recent analyst ratings include Jefferies' Hold rating with a price target of $531, Stephens & Co.'s Overweight rating with a price target of $560, and Morgan Stanley's Overweight rating with a price target of $587.

Portfolio Pulse from Lisa Levin

October 13, 2023 | 6:48 am

DAL

JPM

UNH

WBA

WFC

The CNN Money Fear and Greed index showed a slight easing in the fear level but remained in the 'Fear' zone. U.S. stocks settled lower on Thursday, amid rising Treasury yields and steady inflation rate. Walgreens Boots Alliance reported weaker-than-expected earnings for Q4, while Delta Air Lines reported upbeat earnings for Q3. Investors are awaiting earnings results from Citigroup, JPMorgan Chase, UnitedHealth Group, and Wells Fargo.

Portfolio Pulse from Lisa Levin

October 13, 2023 | 6:17 am