Streetbeat News

Earnings

1839.HK

2039.HK

BABA

BYDDY

NIO

XPEV

China International Marine Containers (CIMC) reported worse-than-expected H1 2023 earnings due to macroeconomic pressures, with revenue down 16% YoY. However, its EV subsidiary, CIMC Vehicles, saw a 20% increase in revenue. The overall poor performance of CIMC impacted its stock, while the success of CIMC Vehicles boosted its shares. Other exporter-related shares and energy-efficient vehicle stocks showed mixed results.

Portfolio Pulse from Daniel Harrison

October 05, 2023 | 4:18 pm

CMBM

MXCT

ORTX

RIVN

STZ

US stocks traded lower with the Dow Jones index falling over 100 points. Constellation Brands Inc (STZ) reported better-than-expected Q2 earnings and raised its FY24 EPS outlook. Orchard Therapeutics (ORTX) shares rose after agreeing to be acquired by Kyowa Kirin. Lamb Weston Holdings (LW) and SP Plus Corporation (SP) shares also rose after positive financial results and acquisition news respectively. Cambium Networks Corporation (CMBM), Rivian Automotive (RIVN), and MaxCyte (MXCT) shares fell due to disappointing financial forecasts.

Portfolio Pulse from Lisa Levin

October 05, 2023 | 4:10 pm

CAL

Footwear company Caleres Inc (NYSE:CAL) has issued its three-year strategic and financial plan ahead of its Investor Day on Oct. 5. The company expects double-digit operating margin in 2023 and beyond, with about 50% of revenue to be derived from the Brand Portfolio segment by 2026. Caleres expects net sales to grow at a three-year CAGR of 3% - 5% and diluted adjusted EPS to increase at a three-year CAGR of 11% - 13% to reach $6.00 at the mid-point of the range. However, due to challenging consumer demand in September, Caleres expects sales to be at the low-end of the range for both the third quarter and fiscal year 2023.

Portfolio Pulse from Shivani Kumaresan

October 05, 2023 | 3:47 pm

ACCD

Accolade's shares are trading lower following the release of its Q2 financial results and Q3 guidance. Additionally, Raymond James and Truist Securities have reduced their price targets for the stock.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 3:43 pm

AULT

Ault Alliance's subsidiary, Giga-tronics, reported a quarter-over-quarter increase of 52% in Q3 orders, leading to a rise in Ault Alliance's share prices.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 3:11 pm

AEHR

CAG

CAMP

EVI

LEVI

PKE

STZ

Earnings reports are scheduled for October 5, 2023 for several companies including Constellation Brands, Conagra Brands, Lamb Weston Hldgs, EVI Industries, Park Aerospace, Aehr Test Systems, CalAmp, and Levi Strauss. The reports will be released before and after the bell.

Portfolio Pulse from Benzinga Insights

October 05, 2023 | 2:51 pm

AMAL

MAIN

PFIS

SFBC

WAFD

Benzinga Insights has identified five value stocks in the financial services sector based on quantified analysis. These include Main Street Capital (P/E: 8.94), WaFd (P/E: 6.18), Peoples Financial Servs (P/E: 7.96), Sound Financial Bancorp (P/E: 9.16), and Amalgamated Financial (P/E: 5.71). The report also provides recent earnings per share and dividend yield data for each company.

Portfolio Pulse from Benzinga Insights

October 05, 2023 | 2:50 pm

RGP

Resources Connection Inc (NASDAQ:RGP) shares fell by around 8% after the company reported Q1 FY24 results. The company reported revenue of $170.2 million, slightly beating the consensus of $170.14 million, but lower than the prior year's $204.1 million. The gross margin of 39.4% was below last year's 40.9% due to a higher pay/bill ratio and a decrease in leverage on cost of service. Adjusted EPS of $0.20 missed the street view of $0.23.

Portfolio Pulse from Lekha Gupta

October 05, 2023 | 2:41 pm

OSG

PBA

PBR

The article provides an overview of value stocks in the energy sector, highlighting Petrobras Brasileiro (PBR), SandRidge Energy (SD), Antero Resources (AR), Pembina Pipeline (PBA), and Overseas Shipholding Gr (OSG) as notable examples. The companies' P/E ratios and recent earnings per share are discussed, with some experiencing decreases and others remaining stable or increasing.

Portfolio Pulse from Benzinga Insights

October 05, 2023 | 2:39 pm

LEVI

Levi Strauss & Co. (NYSE:LEVI) is set to release its Q3 financial results on Oct. 5, 2023. Analysts predict a decrease in earnings per share and revenue compared to the same period last year. The company's shares gained 1.7% to close at $13.43 on Wednesday. Several analysts have maintained their ratings but cut their price targets for the company.

Portfolio Pulse from Lisa Levin

October 05, 2023 | 2:31 pm