Streetbeat News

Earnings

NUE

Nucor Corporation has issued a soft Q3 outlook, expecting earnings for its steel mills segment to decline sequentially due to lower pricing and volumes. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 3:59 pm

HYW

LITB

QSG

LightInTheBox Holding (NYSE:LITB), QuantaSing Group (NASDAQ:QSG), and Hywin Holdings (NASDAQ:HYW) are scheduled to report their earnings on September 15, 2023. LITB will report its Q2 earnings, QSG its Q4 earnings, and HYW its FY 2023 earnings.

Portfolio Pulse from Benzinga Insights

September 15, 2023 | 3:51 pm

LEN

Lennar Corporation (NYSE:LEN) reported Q3 earnings of $3.91 per share, beating the analyst consensus estimate of $3.51. Quarterly sales of $8.73 billion also beat the analyst consensus estimate of $8.45 billion but fell 2.28% YoY. New orders increased 37% to 19,666 homes, and the new orders dollar value increased 30% to $8.6 billion. However, the company ended the quarter with a unit backlog down 18% YoY. LEN shares are down 3.62% at $113.44.

Portfolio Pulse from Vandana Singh

September 15, 2023 | 3:45 pm

HOLO

IDAI

MYTE

RCKT

Benzinga's Stock Whisper Index has identified five stocks that warrant attention for the week of Sept. 15, 2023. These include MicroCloud Hologram (NASDAQ:HOLO), Rocket Pharmaceuticals (NASDAQ:RCKT), T Stamp Inc (NASDAQ:IDAI), Wheels Up Experience (NYSE:UP), and MYT Netherlands AD (NYSE:MYTE). The stocks have been highlighted due to various factors such as new product development, FDA alignment, patent acquisition, CEO appointment, and strong financial results.

Portfolio Pulse from Chris Katje

September 15, 2023 | 3:19 pm

ADBE

Adobe Inc (NASDAQ:ADBE) reported its fiscal third quarter earnings, exceeding Wall Street estimates. However, shares fell 3.4% due to muted guidance and the indication that AI price increases may take longer to impact the bottom line. Revenue rose 10% YoY to $4.89 billion, with earnings boosted by the successful launch of Adobe’s Firefly suite of tools and raised subscription prices. Adobe's CFO Dan Durn emphasized the company's strong position to capture the opportunities of the upcoming AI era.

Portfolio Pulse from Upwallstreet

September 15, 2023 | 3:15 pm

ARLP

NACCO Industries (NYSE:NC) is set to deliver a dividend payout of $0.22 per share, equating to an annualized dividend yield of 2.73%. The company has shown a positive dividend growth pattern from 2019 to 2022, with the dividend per share rising from $0.74 to $0.82. Additionally, NACCO Industries experienced a growth in earnings per share, with an increase from $6.33 to $9.81 from 2019 to 2022. This indicates the company's potential to enhance their cash dividend payout.

Portfolio Pulse from Benzinga Insights

September 15, 2023 | 3:05 pm

BCBP

NRIM

Northrim BanCorp (NASDAQ:NRIM) is set to deliver a dividend payout of $0.60 per share, equating to an annualized dividend yield of 5.62%. The company has shown a steady increase in dividend per share from 2019 to 2022, and an increase in earnings per share, indicating a strong financial position. Northrim BanCorp leads in terms of dividend yield compared to its industry peers, with BCB Bancorp (NASDAQ:BCBP) having the highest annualized dividend yield at 5.33%.

Portfolio Pulse from Benzinga Insights

September 15, 2023 | 3:05 pm

KMT

TNC

Tennant (NYSE:TNC) is set to distribute a dividend payout of $0.27 per share on September 15, 2023, equating to an annualized dividend yield of 1.32%. The company has shown a steady increase in its dividend per share from $0.88 to $1.02 between 2019 and 2022. Tennant's earnings per share also increased from $2.79 to $3.35 during the same period. The company's dividend yield is mid-range compared to its industry peers, with Kennametal (NYSE:KMT) having the highest annualized dividend yield at 3.13%.

Portfolio Pulse from Benzinga Insights

September 15, 2023 | 3:05 pm

CHPT

ChargePoint Holdings Inc (NASDAQ:CHPT) shares are trading lower by 3.19% to $2.73, despite no company-specific news. The company reported worse-than-expected Q2 results last week, with a net loss of 24 cents per share, missing the analyst consensus estimate of a loss of 15 cents. Quarterly sales were $150.49 million, slightly below the analyst consensus estimate of $153.24 million by 1.79 percent.

Portfolio Pulse from Henry Khederian

September 15, 2023 | 2:54 pm

CRKN

OLN

SXC

VALE

Benzinga Insights has identified several value stocks in the basic materials sector that may be worth watching, including Vale, Olin, Crown ElectroKinetics, United States Steel, and SunCoke Energy. These companies have shown various changes in their earnings per share and dividend yields in the recent quarter.

Portfolio Pulse from Benzinga Insights

September 15, 2023 | 2:39 pm