Streetbeat News

Earnings

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

NFLX

Netflix (NASDAQ:NFLX) is down 22% from its highs due to the current market environment and the Writers' Strike. The company plans to raise prices after the Actor Strike ends, which is expected to boost Average Revenue per Member (ARM). The company has also modified its pricing tiers, discontinuing its basic ad-free tier in the U.S. JPMorgan believes that paid sharing and advertising will contribute significantly to NFLX revenue over time. The stock is at a critical level of 370, which if held, could present a great risk-reward opportunity to investors.

Portfolio Pulse from Ripster

October 05, 2023 | 2:12 pm

DADA

EURN

IMVT

LOB

ORTX

TAC

UNFI

URG

VEON

Despite a general downturn in the U.S. stock market, several stocks recorded gains. Orchard Therapeutics surged 97.7% after agreeing to be acquired by Kyowa Kirin. SP Plus Corporation jumped 47.5% following the announcement of its acquisition by Metropolis Technologies. Euronav NV climbed 17.3% amid discussions with Frontline and CMB NV. Lamb Weston Holdings gained 12.2% after reporting better-than-expected Q1 results. VEON Ltd. rose 9.6% after its Beeline Uzbekistan opened the Beeline Academy. Other stocks that gained include Immunovant, TransAlta Corporation, Dada Nexus Limited, Live Oak Bancshares, United Natural Foods, and Ur-Energy Inc.

Portfolio Pulse from Lisa Levin

October 05, 2023 | 2:09 pm

Lamb Weston Holdings Inc (NYSE:LW) reported Q1 FY24 sales growth of 48% YoY to $1.67 billion, beating the analyst consensus estimate of $1.62 billion. The company's gross profit increased 82.7% YoY to $499.5 million, and the operating income for the quarter jumped 106% to $323 million. Lamb Weston returned $40.8 million to shareholders through cash dividends and $100.0 million through share repurchases. The company raised the FY24 sales outlook to $6.8 billion - $7 billion from $6.7 billion - $6.9 billion.

Portfolio Pulse from Shivani Kumaresan

October 05, 2023 | 2:04 pm

AMZN

BKE

CAG

CLX

DELL

DIS

DOV

MRK

MSFT

PSNY

STZ

VFS

Disney reduces ticket prices for children due to attendance slump. Amazon discontinues its live-audio app, Amp. US government to stop free distribution of Merck's COVID-19 pill. UK regulators investigate Amazon and Microsoft's dominance in cloud computing. Dell to update its long-term financial framework. Dover acquires FW Murphy for $530M. Constellation Brands reports Q2 net sales growth of 7%. Polestar Automotive reports Q3 delivery growth of 50%. VinFast Auto reports Q3 revenues of $342.66 million. Clorox shares fall after reporting preliminary Q1 FY24 financial results. ConAgra Brands reports flat Q1 FY24 sales. Buckle Inc reports 11.1% drop in comparable store sales for September.

Portfolio Pulse from Vandana Singh

October 05, 2023 | 2:01 pm

RIVN

Rivian Automotive Inc (NASDAQ:RIVN) shares fell after the company announced a $1.5 billion proposed green convertible senior notes offering and provided preliminary third-quarter revenue estimates. The EV maker expects revenue to be in the range of $1.29 billion to $1.33 billion, more than double the revenue from the third quarter of 2022, primarily due to higher deliveries. The company is set to report its third-quarter financial results on Nov. 7.

Portfolio Pulse from Adam Eckert

October 05, 2023 | 1:46 pm

CMBM

NBTX

ORTX

VINO

WNW

U.S. stocks traded lower following the release of economic reports. The Dow, NASDAQ, and S&P 500 all fell. U.S. initial jobless claims rose by 2,000 to 207,000. Orchard Therapeutics, Meiwu Technology, and SP Plus Corporation saw significant stock increases, while Cambium Networks, Gaucho Group Holdings, and Nanobiotix experienced drops. The U.S. trade gap shrank to $58.3 billion in August, the lowest since Sept. 2020.

Portfolio Pulse from Lisa Levin

October 05, 2023 | 1:44 pm