Streetbeat News

Earnings

C

Citigroup Inc. (NYSE:C) is expected to release its Q3 earnings on Oct. 13, 2023, with analysts predicting a decrease in earnings per share and revenue compared to the previous year. The bank's dividend yield is currently 5.09%, and the article provides calculations on how much an investor would need to invest in Citigroup to earn a certain amount in dividends each month. The stock price fell 1.5% to close at $40.50 on Monday.

Portfolio Pulse from Priya Nigam

October 03, 2023 | 12:14 pm

EPR

HIW

SPG

The most accurate Wall Street analysts have recommended holding three high-dividend-yielding real estate stocks: Highwoods Properties, Inc. (HIW), EPR Properties (EPR), and Simon Property Group, Inc. (SPG). HIW has a dividend yield of 9.99%, EPR has a yield of 8.04%, and SPG has a yield of 7.3%. Recent news for these companies includes weaker-than-expected sales for HIW, upbeat sales for EPR, and a year-over-year decrease in Q2 EPS for SPG.

Portfolio Pulse from Lisa Levin

October 03, 2023 | 11:42 am

CALM

MKC

NG

Earnings reports are scheduled for October 3, 2023. McCormick & Co (NYSE:MKC) is projected to report quarterly earnings at $0.65 per share on revenue of $1.70 billion. Novagold Resources (AMEX:NG) and Cal-Maine Foods (NASDAQ:CALM) are also expected to report their earnings.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 11:38 am

HNRG

NGS

The article identifies Natural Gas Services Group, Inc. (NYSE:NGS) and Hallador Energy Company (NASDAQ:HNRG) as overbought stocks in the energy sector, suggesting they could negatively impact portfolios this quarter. Both companies recently posted positive Q2 results, but their high Relative Strength Index (RSI) values indicate they may be overvalued.

Portfolio Pulse from Lisa Levin

October 03, 2023 | 11:31 am

SMLP

Summit Midstream Partners (SMLP) expects Q3 adjusted EBITDA of $70M, a 20% increase from Q2. The company also anticipates significant quarterly volume growth across nearly every segment. The Q4 adjusted EBITDA guidance of $75M-$85M is reiterated.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 11:12 am

ODD

ODDITY Tech Ltd's shares are up by 15% following the company's preliminary Q3 FY23 results, which predict revenue growth to surpass its guidance. The company has raised its net revenue growth outlook to 29.0%-31.0% and gross margin to 68.5%. It also expects an adjusted EBITDA margin within 21.0%-21.5%. The company's CEO attributes these strong financial results to the power of their platform and their ability to consistently deliver high growth and profitability.

Portfolio Pulse from Lekha Gupta

October 03, 2023 | 11:06 am

ODD

ODDITY Tech has reported strong preliminary Q3 results, which will enable the company to achieve a net revenue growth of at least 58% in the first three quarters of 2023. As a result, the company's shares are trading higher.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 11:04 am

MKC

McCormick & Company, Incorporated (MKC) has projected a 5% to 7% growth in its sales for the fiscal year 2023 compared to 2022.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 10:35 am

MKC

McCormick has projected its FY23 adjusted EPS to be in the range of $2.62 - $2.67, which is in line with the estimated $2.64.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 10:34 am

MKC

McCormick & Co reported Q3 adjusted earnings of $0.65 per share, in line with analyst consensus. However, the company's quarterly sales of $1.69 billion missed the consensus estimate of $1.70 billion by 0.88 percent. This represents a 5.8 percent decrease in earnings and a 5.58 percent increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 10:32 am