Streetbeat News

Earnings

JBHT

JB Hunt Transport Servs (NASDAQ:JBHT) reported Q2 earnings of $1.81 per share, missing the analyst consensus estimate of $1.92 by 5.73 percent. This is a 25.21 percent decrease from the same period last year. The company also reported quarterly sales of $3.13 billion, missing the analyst consensus estimate of $3.31 billion by 5.44 percent, a decrease of 18.45 percent from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 8:06 pm

AIR

AAR (NYSE:AIR) reported Q4 adjusted earnings of $0.83 per share, beating the analyst consensus estimate of $0.77 by 7.79%. This is a 15.28% increase over earnings of $0.72 per share from the same period last year. The company also reported quarterly sales of $553.30 million, beating the analyst consensus estimate of $529.17 million by 4.56%. This is a 16.22% increase over sales of $476.10 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 8:06 pm

HROW

Harrow (NASDAQ:HROW), a U.S. eyecare pharmaceutical company, has provided preliminary Q2 2023 financial guidance. The company expects revenues to exceed $31 million, compared to $23.3 million in Q2 2022. Adjusted EBITDA is also expected to exceed $9.3 million. Full financial results will be released on August 9, 2023.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 8:06 pm

OMC

Omnicom Group's Q2 earnings per share (EPS) of $1.82 beat the analyst consensus estimate of $1.80 by 1.11%, an 8.33% increase from the same period last year. However, its quarterly sales of $3.61 billion missed the analyst consensus estimate of $3.67 billion by 1.64%, though it's a 1.20% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 8:03 pm

IBKR

Interactive Brokers (NASDAQ:IBKR) reported Q2 adjusted earnings of $1.32 per share, missing the analyst consensus estimate of $1.42 by 7.04%. The company also reported quarterly sales of $1.00 billion, missing the analyst consensus estimate of $1.05 billion by 4.76%. However, both earnings and sales have increased compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 8:02 pm

HWC

Hancock Whitney reported Q2 earnings of $1.35 per share, beating the analyst consensus estimate of $1.34 by 0.75 percent. However, this represents a 2.17 percent decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 8:01 pm

CMA

Comerica Incorporated (CMA) shares are trading higher by 3.5% amid positive earnings results from several banks. The company's second-quarter earnings report is expected on Friday, with an anticipated EPS of $1.86 on revenue of $902.75 million. Bank of America, a peer bank, reported a 19% YoY net income growth for Q2 FY23.

Portfolio Pulse from Henry Khederian

July 18, 2023 | 7:57 pm

GRPN

Groupon (GRPN) has seen a significant option alert for August 18 $7 calls. A total of 1857 contracts were traded at $1.15, compared to an open interest of 3994 contracts. The company is expected to announce its earnings on August 7 after the market closes. The reference price is $6.76.

Portfolio Pulse from Charles Gross

July 18, 2023 | 7:56 pm

ABCB

CFG

CVBF

FHB

GNTY

HMST

OZK

SFBS

TCBI

TFC

UMBF

WTFC

Financial services stocks are trading higher following strong bank earnings.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 7:53 pm

ECL

RBC Capital Markets analyst Ashish Sabadra has reiterated an Outperform rating on Ecolab Inc. (ECL) with a price target of $213. Sabadra expects Ecolab to return to pre-pandemic levels by FY25 with double-digit EPS growth and margin recovery. The analyst anticipates a 9.4% y/y revenue growth in 2Q23, above the consensus of 7.3%, driven by pricing gains and volume growth in all segments. However, concerns about raw material inflation persist. ECL shares are currently trading higher by 0.43% to $188.34.

Portfolio Pulse from Nabaparna Bhattacharya

July 18, 2023 | 7:33 pm