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Earnings

BURU

BXC

CNHI

RYI

Benzinga Insights has identified five value stocks in the industrials sector that may be worth watching: Ryder System, Nuburu, Ryerson Holding, CNH Industrial, and BlueLinx Hldgs. These companies have shown changes in their earnings per share and dividend yields in the recent quarter.

Portfolio Pulse from Benzinga Insights

October 04, 2023 | 2:41 pm

ONON

Swiss sportswear brand On Holding AG (NYSE:ONON) has outlined its strategic priorities and financial targets for the next three years and beyond. The company plans to focus on growth in its core areas, expand its distribution and retail presence in China, and establish a training community. It expects to double its net sales to at least CHF 3.55 billion by 2026, reflecting a CAGR of over 26%. The company also aims to exceed a 60% gross profit margin and increase its adjusted EBITDA margin to 18%+ by 2026. Beyond 2026, ONON expects to grow net sales by 20% - 25% annually.

Portfolio Pulse from Lekha Gupta

October 04, 2023 | 2:38 pm

BEPC

ENIC

PAM

PEG

The article provides an overview of value stocks in the utilities sector, highlighting five companies: Brookfield Renewable, Enel Chile, Hawaiian Electric Indus, Public Service Enterprise, and Pampa Energia. The companies are considered undervalued based on their low P/E multiples. The article also provides Q2 earnings per share and dividend yield data for each company.

Portfolio Pulse from Benzinga Insights

October 04, 2023 | 2:38 pm

BTCUSD

MARA

Marathon Digital Holdings Inc (NASDAQ:MARA) reported a 16% increase in Bitcoin production in September, driven by improved uptime and decreased curtailment activity at its Texas facility. The company's U.S. average operational hash rate increased 20% month-over-month. Marathon Digital also reported a higher percentage of total miner rewards available on the Bitcoin network. The company is considering expansion to international locations with low-cost renewable energy and plans to announce specifics in the coming weeks. Marathon sold 800 Bitcoin last month to support operations and held a total of 13,726 unrestricted Bitcoin as of September 30.

Portfolio Pulse from Adam Eckert

October 04, 2023 | 2:29 pm

MKC

McCormick & Company reported Q3 sales of $1.684 billion, missing the analyst consensus estimate of $1.70 billion. The company reaffirmed FY23 revenue growth guidance of 5%-7% and raised FY23 adjusted EPS outlook to $2.62-$2.67 from $2.60-$2.65. Following the earnings announcement, B of A Securities and Stifel lowered their price targets on McCormick. McCormick shares fell 8.5% to close at $68.40 on Tuesday.

Portfolio Pulse from Lisa Levin

October 04, 2023 | 2:26 pm

ONON

On Holding has announced its three-year financial outlook and reiterated its FY23 outlook. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 2:22 pm

AYI

BROG

CDT

FREY

LVOX

RPM

Several US stocks recorded gains in Wednesday's trading session. Conduit Pharmaceuticals Inc. (CDT) surged 39.7% to $6.72. LiveVox Holdings, Inc. (LVOX) climbed 8.1% to $3.61 after NICE announced it will acquire the company. FREYR Battery (FREY) gained 7.5% to $4.9250 after an operational progress update. Acuity Brands, Inc. (AYI) rose 6.6% to $178.48 following better-than-expected quarterly earnings. Brooge Energy Limited (BROG) gained 6.6% to $5.85 after GULFNAV submitted a proposal to acquire all of its businesses and assets. RPM International Inc. (RPM) rose 6.3% to $98.65 after reporting better-than-expected Q1 financial results and issuing guidance.

Portfolio Pulse from Lisa Levin

October 04, 2023 | 2:09 pm

General Motors Co has estimated the cost of the Q3 UAW strike at $200 million, according to Reuters News.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 2:04 pm

AEHR

Aehr Test Systems (NASDAQ:AEHR) is set to release its latest quarterly earnings report on October 5, 2023. Analysts estimate an earnings per share (EPS) of $0.16. The company's past performance shows a trend of beating EPS estimates, which has often led to an increase in share price. The stock is currently trading at $43.18 and has seen a 218.94% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 04, 2023 | 2:01 pm

STZ

Constellation Brands (NYSE:STZ) is set to release its latest quarterly earnings report on October 5, 2023. Analysts estimate an earnings per share (EPS) of $3.36. The company's stock performance has been generally positive over the last 52-week period, with shares up 7.57%. Last quarter, the company beat EPS estimates by $0.08, which was followed by a 0.0% drop in the share price the next day.

Portfolio Pulse from Benzinga Insights

October 04, 2023 | 2:00 pm