Streetbeat News

Earnings

BKE

BVH

DKS

GPK

MCFT

The article provides an overview of value stocks in the consumer cyclical sector, highlighting MasterCraft Boat Hldgs (MCFT), Bluegreen Vacations (BVH), Buckle (BKE), Dick's Sporting Goods (DKS), and Graphic Packaging Holding (GPK). It discusses their P/E ratios, recent earnings per share, and dividend yields. The article suggests that these stocks may be undervalued and could rebound, but also notes the risk that this may not happen.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 2:43 pm

CCSI

SCSC

SURG

UMC

The article provides an overview of value stocks in the technology sector, highlighting five companies: ScanSource (SCSC), Consensus Cloud Solutions (CCSI), Surgepays (SURG), United Microelectronics (UMC), and Daqo New Energy (DQ). The companies are considered undervalued based on their low P/E multiples. The article also provides recent earnings per share data and dividend yield for UMC.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 2:41 pm

DPZ

Domino's Pizza, Inc. (NYSE:DPZ) is set to release its Q3 2023 financial results on Oct. 12, 2023. Analysts predict earnings of $3.30 per share, up from $2.79 per share in the same period last year, and revenue of $1.05 billion, slightly down from $1.06 billion last year. The company's shares closed at $350.14 on Monday, up 2.5%. Several analysts have recently revised their ratings and price targets for the company.

Portfolio Pulse from Lisa Levin

October 10, 2023 | 2:25 pm

NEOG

Neogen Corporation reported Q1 FY24 sales of $229 million, missing the consensus of $231.1 million. The company's adjusted EPS of 11 cents also missed the consensus of 12 cents. Despite this, the company continues to anticipate FY24 revenue of $955 million-$985 million. William Blair reiterated the Outperform rating for Neogen, but the company's shares are down 2.36%.

Portfolio Pulse from Vandana Singh

October 10, 2023 | 2:25 pm

MAXN

Maxeon Solar Technologies Ltd (NASDAQ:MAXN) has lowered its Q3 FY23 guidance due to reduced shipments to its largest US customer and a global slowdown in demand. The company also plans to restructure its operations, including a 15% reduction in global headcount and a shift in manufacturing capacity in the Philippines. Despite the news, MAXN shares are up 0.94%.

Portfolio Pulse from Lekha Gupta

October 10, 2023 | 2:16 pm

BMWYY

BMW reported a 5.8% YoY increase in Q3 deliveries for 2023, with 621,699 vehicles delivered. Sales of fully-electric BMW and MINI vehicles rose by 79.6% YoY to 93,931 units. Sales in China fell by 1.8%, while they rose by 7.8% in the U.S. and 12.9% in Europe. The company expects strong delivery growth in FY23, with electric vehicles expected to account for 15% of total vehicle sales. BMWYY shares closed higher by 1.45% at $33.85 on Monday.

Portfolio Pulse from Lekha Gupta

October 10, 2023 | 2:16 pm

AAPL

NVDA

SSNLF

Samsung Electronics is expected to see a nearly 80% drop in Q3 earnings due to challenges in the semiconductor segment. However, the launch of Apple's iPhone 15 series and a potential partnership with Nvidia to supply advanced memory chips for AI applications could boost Samsung's performance.

Portfolio Pulse from Anusuya Lahiri

October 10, 2023 | 2:03 pm

PEP

WMT

Coca-Cola Co (KO) shares are trading higher, possibly due to better-than-expected earnings from PepsiCo Inc (PEP). Despite recent selling pressure due to concerns about weight loss drugs impacting food and snack sales, PepsiCo's positive earnings report and raised full-year earnings growth outlook seem to have boosted Coca-Cola's stock. Coca-Cola is set to report its third-quarter earnings on Oct. 24.

Portfolio Pulse from Adam Eckert

October 10, 2023 | 1:55 pm

AKRO

ATHX

CISO

ETNB

PEP

SMX

SPCB

US stocks traded higher with the Dow Jones gaining more than 50 points. PepsiCo Inc reported better-than-expected earnings for its third quarter, with sales growth of 6.7% year-on-year to $23.45 billion. SMX, SuperCom Ltd, and CISO Global Inc shares rose significantly, while Akero Therapeutics, Athersys, Inc, and 89bio, Inc shares dropped. Oil traded down 0.4% while gold traded up 0.2%.

Portfolio Pulse from Lisa Levin

October 10, 2023 | 1:40 pm

VLRS

Volaris (NYSE: VLRS) has reported its September 2023 preliminary traffic results, showing a 3.1% YoY demand growth and an 84% load factor. The company has also updated its full-year 2023 guidance, raising its revenue guidance from ~$3.2B to $3.2B-$3.4B. The update comes in light of aircraft groundings and higher expected jet fuel prices. The company's CEO mentioned that the growth rate might slow down due to the accelerated inspections of GTF engines requested by RTX Corporation.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 1:40 pm