Streetbeat News

Earnings

CSSE

Chicken Soup For The Soul Entertainment (CSSE) reported worse-than-expected Q2 revenue results, leading to a drop in its share price. Multiple firms also downgraded the stock and lowered their price targets.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 3:21 pm

BLNK

Blink Charging Co (NASDAQ:BLNK) is expanding its presence in Latin America, planning to launch region-specific products. The company has sold or deployed over 2,100 EV chargers across eight countries since entering the region in 2020. Blink plans to launch DCFC, commercial and residential Level 2 chargers fitted with GB/T plugs in the next few months. The company also plans to enter Brazil, Argentina, and Peru markets. Blink reported a Q2 EPS loss of $(0.44), beating the consensus of $(0.49), and sales of $32.84 million, beating the analyst consensus estimate of $23.76 million.

Portfolio Pulse from Lekha Gupta

August 15, 2023 | 3:20 pm

AAPL

AMZN

BRK-B

GOOG

HD

JPM

META

MSFT

NVDA

QQQ

SPY

TSLA

USB

The U.S. economy, which is 70% consumer-based, continues to see strong retail sales, with July retail sales coming in at 0.7% vs. 0.4% consensus. However, this has led to concerns that the Federal Reserve may maintain high interest rates for longer. Fitch has warned that it may downgrade the credit ratings of several U.S. banks, including JPMorgan Chase & Co. and U.S. Bancorp. Home Depot Inc. has guided FY23 revenue down 2-5% and earnings down 7-13%. Berkshire Hathaway Inc. is buying three home builder stocks: Lennar Corp, DR Horton Inc, and NVR Inc. Saudi Arabia and U.A.E. are buying billions of dollars worth of NVIDIA Corp chips. Money flows are negative in Amazon.com, Inc., Microsoft Corp, Alphabet Inc Class C, Meta Platforms Inc, Tesla Inc, Apple Inc, SPDR S&P 500 ETF Trust, and Invesco QQQ Trust Series 1.

Portfolio Pulse from The Arora Report

August 15, 2023 | 3:19 pm

RSKD

Riskified Ltd. (NYSE:RSKD) reported a 21% YoY revenue growth in Q2 FY23, beating consensus estimates. The company also reported a breakeven adjusted EPS, beating the expected loss. The company's gross merchandise volume grew by 21.9% YoY. Riskified also authorized a share repurchase of up to $75 million. The company tightened its FY23 revenue guidance to $298 million-$303 million.

Portfolio Pulse from Nabaparna Bhattacharya

August 15, 2023 | 3:08 pm

BLX

Banco Latinoamericano (NYSE:BLX) will distribute a dividend payout of $0.25 per share on August 15, 2023, equating to an annualized dividend yield of 4.47%. The company's dividend per share has decreased from $1.54 in 2019 to $1.00 in 2022, while earnings per share have increased from $2.14 to $2.22 over the same period. This suggests a strategic shift towards retaining more earnings for reinvestment purposes rather than distributing them as dividends.

Portfolio Pulse from Benzinga Insights

August 15, 2023 | 3:05 pm

PCTI

PCTEL (NASDAQ:PCTI) is set to pay a dividend of $0.06 per share on August 15, 2023, with an annualized dividend yield of 4.42%. The company has maintained a stable dividend per share of $0.22 from 2019 to 2022, indicating a consistent dividend policy. Additionally, PCTEL's earnings per share have increased from $0.34 to $0.38 over the same period, suggesting potential for further cash dividend increases.

Portfolio Pulse from Benzinga Insights

August 15, 2023 | 3:05 pm

BFIN

TBNK

BankFinancial (NASDAQ:BFIN) has announced a dividend payout of $0.10 per share, resulting in an annualized dividend yield of 4.48%. The company has consistently maintained a dividend per share of $0.40 from 2019 to 2022. However, there has been a decline in BankFinancial's earnings per share, decreasing from $0.91 in 2019 to $0.72 in 2022, raising concerns about the company's financial stability and its ability to sustain the distribution of profits to shareholders.

Portfolio Pulse from Benzinga Insights

August 15, 2023 | 3:05 pm

NRIM

ORRF

Orrstown Finl Servs (NASDAQ:ORRF) is distributing a dividend payout of $0.20 per share, with an annualized dividend yield of 3.65%. The company has shown a steady increase in dividend per share from 2019 to 2022, and an upward trend in earnings per share. Northrim BanCorp (NASDAQ:NRIM) has the highest annualized dividend yield in the industry at 5.09%.

Portfolio Pulse from Benzinga Insights

August 15, 2023 | 3:05 pm

AROC

USAC

Archrock (NYSE:AROC) is set to pay a dividend of $0.15 per share on August 15, 2023, with an annualized dividend yield of 5.57%. The company's dividend yield is mid-range compared to its industry peers, with USA Compression Partners (NYSE:USAC) having the highest annualized dividend yield at 10.43%. Despite a decrease in earnings per share from $0.50 in 2019 to $0.26 in 2022, Archrock has increased its dividend per share from $0.55 to $0.58 over the same period.

Portfolio Pulse from Benzinga Insights

August 15, 2023 | 3:05 pm

OCFT

OneConnect Financial Tech (NYSE:OCFT) is set to release its latest quarterly earnings report on August 16, 2023. Analysts estimate an earnings per share (EPS) of $-0.30. The company's past performance shows a pattern of share price changes following earnings reports. The stock is currently trading at $3.6, down 70% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 15, 2023 | 3:01 pm