Streetbeat News

Earnings

LYTS

LSI Industries reported better-than-expected Q4 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 3:34 pm

TRMR

Tremor International reported worse-than-expected Q2 financial results, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 3:22 pm

TGT

Target Corp (NYSE:TGT) shares are trading higher despite missing Q2 revenue estimates of $25.18 billion by reporting $24.77 billion. The company's traffic was down 4.8%, comparable sales fell 4.3% and digital comps decreased 10.5%. However, Target reported Q2 adjusted earnings of $1.80 per share, beating estimates of $1.39 per share. Several analysts have lowered their price targets for Target, but many still have targets set above current levels.

Portfolio Pulse from Adam Eckert

August 17, 2023 | 3:17 pm

BKTI

BK Technologies reported a year-over-year increase in Q2 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 3:17 pm

NVDA

Ahead of Nvidia Corp's (NASDAQ:NVDA) quarterly earnings, Rosenblatt analyst Hans Mosesmann reiterated a Buy rating and raised the price target from $600 to $800. He expects a beat and guidance boost due to severe constraints on H100 Hopper platforms. Oppenheimer analyst Patrick Scholes maintained Nvidia with an Outperform and raised the price target from $420 to $500. He sees gaming returning to >$10 billion/year run-rate in 2Q and auto as NVDA’s third growth pillar long-term.

Portfolio Pulse from Anusuya Lahiri

August 17, 2023 | 3:15 pm

MSGS

Madison Square Garden Sports Corp (NYSE:MSGS) reported a Q4 FY23 revenue decline of 28% YoY to $126.9 million, beating consensus estimates. The decrease was primarily due to fewer Knicks and Rangers games. The company reported an EPS loss of $(0.39), missing consensus estimates. MSGS shares are trading lower by 8.74%.

Portfolio Pulse from Anusuya Lahiri

August 17, 2023 | 3:11 pm

CSCO

Cisco Systems Inc (NASDAQ:CSCO) reported higher-than-expected revenues and earnings for its fiscal fourth quarter, leading to a rise in its share price. Analysts from Morgan Stanley, Needham, Oppenheimer, KeyBanc Capital Markets, and JMP Capital Markets provided their insights on the results. While some analysts raised their price targets and maintained positive ratings, others reiterated their hold ratings, citing concerns about the depletion of backlogs and future growth.

Portfolio Pulse from Priya Nigam

August 17, 2023 | 3:06 pm

AWI

JCI

Armstrong World Indus (NYSE:AWI) will issue a dividend payout of $0.25 per share, resulting in an annualized dividend yield of 1.38%. The company has shown an upward trend in both dividend per share and earnings per share from 2019 to 2022. Johnson Controls Intl (NYSE:JCI) has the highest annualized dividend yield at 2.50% among its industry peers.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 3:05 pm

FELE

SWK

Franklin Electric (NASDAQ:FELE) will distribute a dividend payout of $0.23 per share, translating to an annualized dividend yield of 0.85%. The company has shown an upward trajectory in dividend per share and earnings per share from 2019 to 2022, indicating a healthy financial status. Stanley Black & Decker (NYSE:SWK) has the highest annualized dividend yield at 3.54% among industry peers.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 3:05 pm

SSBI

UBFO

Summit State Bank (NASDAQ:SSBI) is distributing a dividend of $0.12 per share, translating to an annualized dividend yield of 2.77%. The company has shown a notable growth in its dividend per share from $0.44 to $0.48 during 2019 to 2022. The earnings per share also increased from $0.85 in 2019 to $2.40 in 2022. United Security (NASDAQ:UBFO) has the highest annualized dividend yield at 6.74% among its industry peers.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 3:05 pm