Streetbeat News

Earnings

General Motors Co reported Q3 sales of 674,336 vehicles in the U.S., up 21% from the previous quarter. The company also saw a 28% increase in EV sales compared to Q2. At the end of the quarter, GM had 442,586 vehicles in inventory.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 4:01 pm

TSLA

Tesla's Q3 delivery numbers fell short of expectations, sparking concerns among analysts from Truist Securities, Bernstein, and GLJ Research. The company produced 430,488 vehicles, down from 479,700 in Q2, and delivered 435,059 vehicles, down from 466,140 in Q2. Analysts expressed concerns over pricing strategies, factory upgrades, and doubts over real demand for Tesla vehicles. Despite the lower numbers, Tesla maintains its full-year 2023 volume target of around 1.8 million vehicles.

Portfolio Pulse from AJ Fabino

October 03, 2023 | 3:29 pm

MDC

PHM

PulteGroup (NYSE:PHM) is set to reward its shareholders with a dividend payout of $0.16 per share, demonstrating an annualized dividend yield of 0.82%. The company has shown an upward trend in earnings and dividends per share from 2019 to 2022. However, its dividend yield is lower compared to its industry peer, M.D.C. Holdings (NYSE:MDC), which has a higher annualized dividend yield of 5.00%.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 3:05 pm

AAP

DBGI

JACK

KFS

PENN

Benzinga Insights has identified five value stocks in the consumer cyclical sector that may be worth watching: Jack In The Box (JACK), PENN Entertainment (PENN), Digital Brands Group (DBGI), Kingsway Financial Servs (KFS), and Advance Auto Parts (AAP). The selection is based on the price-to-earnings (P/E) multiple, a common indicator of undervalued stocks. The companies' recent earnings per share and dividend yields were also reported.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 2:43 pm

AMKR

ARW

CCSI

CLRO

OCC

The article discusses value stocks in the technology sector, highlighting five companies: Arrow Electronics, Consensus Cloud Solutions, Amkor Tech, ClearOne, and Optical Cable. These companies are considered undervalued based on their low P/E multiples. The article also provides updates on each company's earnings per share and dividend yield.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 2:41 pm

RIVN

TSLA

VFS

Shares of VinFast Auto Ltd. (NASDAQ:VFS) are trading lower as EV stocks are down following Tesla (NASDAQ:TSLA) and Rivian (NASDAQ:RIVN) announcing their Q3 production and delivery figures. Tesla's production and deliveries were down from Q2, while Rivian's were in line with expectations. VFS shares have fallen nearly 70% over the last month.

Portfolio Pulse from Erica Kollmann

October 03, 2023 | 2:38 pm

SMLP

Summit Midstream Partners LP (SMLP) shares rose by 14% after the company announced that it is exploring strategic alternatives to maximize unitholder value, including asset sale. The company also reported expected Q3 adjusted EBITDA of $70 million, up 20% Q/Q, and reaffirmed Q4 guidance at $75 million-$85 million. SMLP also reported significant Q3 volume growth in almost every segment.

Portfolio Pulse from Lekha Gupta

October 03, 2023 | 2:38 pm

PRPO

Precipio's Q3 cash burn from unaudited operations has declined by 59% YoY, from $2.5M to approximately $1M.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 2:06 pm

ANGO

AngioDynamics (NASDAQ:ANGO) is set to release its latest quarterly earnings report on October 4, 2023. Analysts estimate an earnings per share (EPS) of $-0.13. The company's past performance shows a mixed trend of meeting or missing EPS estimates, which has led to varying stock price changes. The company's shares are currently trading at $7.44 and have seen a 65.75% decrease over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 2:01 pm

ACCD

Accolade (NASDAQ:ACCD) is set to release its latest quarterly earnings report on October 4, 2023. Analysts estimate an earnings per share (EPS) of $-0.54. The company's past performance shows a pattern of share price changes following earnings reports. Shares of Accolade were trading at $10.47 as of October 2, with a 52-week decrease of 17.79%.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 2:01 pm