Streetbeat News

Earnings

FDS

BMO Capital Markets analyst Jeffrey M. Silber has reiterated the Market Perform rating on FactSet Research Systems Inc. (FDS) and raised the price target to $436 from $419. The company reported Q4 FY23 sales growth of 7.3% YoY to $535.797 million, slightly beating the consensus. However, adjusted EPS of $2.930 missed the consensus of $3.50. Silber expects FDS to continue gaining market share in the data industry and projects future margin expansion. For FY24 and FY25, the analyst raised revenue expectations.

Portfolio Pulse from Nabaparna Bhattacharya

September 22, 2023 | 6:59 pm

FLUX

LZM

MLGO

MOND

NEPT

Several stocks experienced significant price movements in Friday's mid-day session. MicroAlgo Inc. (MLGO) shares jumped 74% after unveiling a new algorithm to boost research institutions' performance. Lifezone Metals Limited (LZM) reported a H1 loss of $16.77 per share but still gained 27.4%. Mondee Holdings, Inc. (MOND) approved a $30 million share repurchase program, causing its shares to rise by 20%. On the other hand, Neptune Wellness Solutions Inc. (NEPT) shares dipped 45.7% after announcing a $4.5 million public offering. Flux Power Holdings, Inc. (FLUX) fell 15.1% following weaker-than-expected quarterly sales.

Portfolio Pulse from Lisa Levin

September 22, 2023 | 6:22 pm

WTER

Alkaline Water Co reported Q1 2024 sales of $15M, down 8% YoY from $16.89M. However, the company's gross profit margin improved by 733 basis points to 25%, and operating expenses decreased by over $3M. Net cash used in operating activities improved 84% YoY. The company is now current with all SEC filing requirements.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 5:06 pm

AAPL

Analyst Ming-Chi Kuo predicts that Apple's 4Q23 iPhone revenue and profit will surpass expectations and achieve year-on-year growth. This is based on early iPhone 15 sales results, a better product mix, and shipment growth. Kuo maintains his estimate of iPhone 15 shipments in 2H23 at 80 million units. The iPhone 15 Pro Max is expected to be the primary growth driver, with orders revised upward to 35 million units. The iPhone 15 Plus may also see increased orders due to better-than-feared sales results. However, the iPhone 15 and 15 Pro may face order cuts if Apple doesn't reduce their prices.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 4:04 pm

DRI

Darden Restaurants, Inc. (NYSE:DRI) reported an earnings beat for its fiscal first-quarter, driven by better-than-expected same-store sales growth and margin upside. Analysts from Wedbush, Truist Securities, Morgan Stanley, Stifel, and KeyBanc Capital Markets maintained positive ratings on DRI, with price targets ranging from $77 to $190. Despite underwhelming fine dining sales, analysts believe DRI is well-positioned to outperform the industry due to its operational sophistication, latent pricing power, and scale advantages.

Portfolio Pulse from Priya Nigam

September 22, 2023 | 4:03 pm

PEB

Pebblebrook Hotel Trust's Same-Property revenue per available room (RevPAR) decreased by 1% in August due to Tropical Storm Hilary and Hurricane Idalia. The storms caused cancellations, early check-outs, and one-time repair expenses, reducing hotel revenues by $3.5 million and hotel EBITDA by $2.5 million. However, urban markets like Los Angeles, Washington DC, San Francisco, Boston, and Chicago are showing recovery in demand, driving increases in occupancy and RevPAR.

Portfolio Pulse from Nabaparna Bhattacharya

September 22, 2023 | 3:34 pm

DYNT

NTWK

Dynatronics (NASDAQ:DYNT) and NETSOL Technologies (NASDAQ:NTWK) are scheduled to report their quarterly earnings on September 22, 2023. Dynatronics is expected to report a quarterly loss of $0.28 per share on revenue of $7.86 million.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 3:17 pm

FDX

FedEx Corp (NYSE:FDX) reported better-than-expected earnings for its first quarter, while sales missed estimates. The company lowered its full-year revenue guidance, but raised its earnings outlook. FedEx offers an annual dividend yield of 1.92%, which is a quarterly dividend amount of $1.26 a share ($5.04 a year). To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $311,601 or around 1190 shares.

Portfolio Pulse from Priya Nigam

September 22, 2023 | 3:06 pm

TSX:HPS

Hammond Power Solns (TSX:HPS) will distribute a dividend payout of $0.15 per share on September 22, 2023, equating to an annualized dividend yield of 21.13%. The company has shown a positive financial trend from 2020 to 2022, with an increase in both dividend per share and earnings per share. This suggests their capacity to continue distributing profits to shareholders.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 3:05 pm

BP

NTES

NetEase (NASDAQ:NTES) will distribute a dividend of $0.53 per share on September 22, 2023, yielding an annualized dividend of 2.05%. The company has shown a steady increase in dividend per share from $0.93 in 2020 to $1.52 in 2022, and a growth in earnings per share from $3.07 to $5.59 over the same period. BP (NYSE:BP) has the highest annualized dividend yield at 4.17% among industry peers.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 3:05 pm