Streetbeat News

Earnings

NVDA

NVIDIA Corporation (NASDAQ:NVDA) reported Q2 financial results that beat analysts’ estimates. Analysts from Goldman Sachs, Wedbush, Susquehanna, Morgan Stanley, Bernstein, and KeyBanc reacted positively, raising their price targets. The company saw strong demand for its generative artificial intelligence and improving supply chain. Analysts predict sustained revenue growth through 2024 due to strong demand for its Data Center segment. However, competition from large cloud service providers and other semiconductor companies is expected.

Portfolio Pulse from Chris Katje

August 24, 2023 | 3:30 pm

BBWI

FIVE

LULU

Retail stocks are experiencing a downturn following recent weak earnings reports in the sector.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 3:18 pm

SNOW

Snowflake Inc reported better-than-expected Q2 earnings with a 36% YoY increase in revenue to $674.02 million, beating the consensus estimate of $662.24 million. The company also reported quarterly earnings of 25 cents per share, surpassing analyst estimates of 10 cents per share. Despite the positive results, Snowflake shares fell 5% to trade at $147.80. Post-earnings, several analysts revised their price targets on Snowflake.

Portfolio Pulse from Lisa Levin

August 24, 2023 | 3:16 pm

EGBN

FBMS

First Bancshares (NASDAQ:FBMS) is distributing a dividend of $0.23 per share, leading to an annualized dividend yield of 3.13%. The company has shown a positive financial trend from 2019 to 2022, with an increase in both dividend per share and earnings per share. Eagle Bancorp (NASDAQ:EGBN) has the highest annualized dividend yield at 7.48% among its industry peers.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 3:06 pm

BCBP

BWFG

Bankwell Financial Group (NASDAQ:BWFG) is distributing a dividend of $0.20 per share, translating to an annualized dividend yield of 3.05%. The company has shown a steady increase in dividend per share from $0.52 in 2019 to $0.80 in 2022, and a growth in earnings per share from $2.47 to $4.76 over the same period. BCB Bancorp (NASDAQ:BCBP) has the highest annualized dividend yield in the industry at 5.60%.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 3:06 pm

OPBK

UBFO

OP Bancorp (NASDAQ:OPBK) has announced a dividend payout of $0.12 per share, resulting in an annualized dividend yield of 4.94%. The company's dividend per share has shown a positive trend, increasing from $0.20 in 2019 to $0.44 in 2022. Additionally, OP Bancorp's earnings per share have grown from $0.93 to $2.21 from 2019 to 2022. The company's dividend yield is mid-range compared to its industry peers, with United Security (NASDAQ:UBFO) having the highest annualized dividend yield at 6.84%.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 3:05 pm

SNPS

WFC

Synopsys Inc (SNPS) has entered into an accelerated share repurchase agreement with Wells Fargo Bank (WFC) to buy back shares worth $300 million. The initial share delivery will be about 569,000 shares, with the remainder to be settled by November 22, 2023. Synopsys recently reported Q3 FY23 earnings of $2.88 per share, beating the analyst consensus estimate of $2.74. The company also announced the appointment of Sassine Ghazi as CEO, effective January 1.

Portfolio Pulse from Lekha Gupta

August 24, 2023 | 3:05 pm

PGC

WASH

Peapack Gladstone Finl (NASDAQ:PGC) is set to deliver a dividend payout of $0.05 per share, equating to an annualized dividend yield of 0.68%. The company's dividend yield is lower compared to its industry peers, with Washington Trust Bancorp (NASDAQ:WASH) having a higher annualized dividend yield of 8.14%. Despite no adjustment in the dividend per share from 2019 to 2022, the consistent growth in earnings per share for Peapack Gladstone Finl indicates a sound financial status.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 3:05 pm

WRK

WestRock (NYSE:WRK) is distributing a dividend payout of $0.28 per share, with an annualized dividend yield of 3.39%. The company's dividend per share has decreased from $1.82 in 2019 to $1.02 in 2022, while earnings per share have increased from $3.98 to $4.79. This suggests that WestRock may be focusing on reinvesting profits into business growth rather than prioritizing dividend distributions.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 3:05 pm

BCH

CFG

FBP

OVBC

STT

The article lists five value stocks in the financial services sector: First BanCorp (FBP), Citizens Financial Group (CFG), Banco De Chile (BCH), Ohio Valley Banc (OVBC), and State Street (STT). The companies' P/E ratios and recent earnings per share are provided. The article also notes that value stocks may take time to rebound from their undervalued positions.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 2:48 pm