Streetbeat News

Earnings

WMT

Ahead of Walmart's 2Q23 earnings report, analysts from KeyBanc and Telsey Advisory Group have reiterated positive ratings on the company, citing its defensive product mix, expansion into advertising and merchant services, and strong market position. KeyBanc analyst Bradley B. Thomas has set a price target of $175.00, while Telsey's Joseph Feldman has a target of $168.00. Feldman also expects Walmart to report inline 2Q23 EPS of $1.69, with total sales growth of 4.0% to ~$159 billion.

Portfolio Pulse from Anusuya Lahiri

August 14, 2023 | 6:11 pm

IHS

IHS Holding (NYSE:IHS) is set to release its quarterly earnings report on August 15, 2023. Analysts estimate an EPS of $0.13. The company's past performance shows a pattern of price changes following earnings reports. The stock is currently trading at $7.85, with a 0.38% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 6:00 pm

ABL

OXBR

Insurance stocks showed mixed performance in Monday's intraday session. Gainers included Abacus Life (ABL), Kingstone Companies (KINS), Fanhua (FANH), Conifer Holdings (CNFR), Kingsway Financial Servs (KFS), and Fidelis Insurance Hldgs (FIHL). Losers included Oxbridge Re Holdings (OXBR), Oscar Health (OSCR), Marpai (MRAI), Vericity (VERY), Reliance Global Group (RELI), and SelectQuote (SLQT). Most of the companies recently released their Q2 earnings reports.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 5:41 pm

NKE

RL

True Classic, a men's apparel brand established in 2019, has overcome a near-collapse due to inventory misjudgment and is now competing with industry giants like Nike Inc and Ralph Lauren Corp. The company, which started with a $3,000 investment, is projected to achieve $250 million in revenue in 2023. The founder, Ryan Bartlett, has learned from past mistakes and now makes more methodical financial decisions.

Portfolio Pulse from Bibhu Pattnaik

August 14, 2023 | 5:39 pm

WMT

Walmart Inc. (NYSE:WMT) is set to report its second-quarter earnings on Thursday. Analysts expect earnings of $1.69 per share and revenues of $159.93 billion. Several analysts have updated their ratings and price targets for WMT, with Stifel, Guggenheim, and Evercore ISI Group all raising their price targets. Walmart shares are currently trading down by 0.71% at $160.05.

Portfolio Pulse from Erica Kollmann

August 14, 2023 | 5:35 pm

BTAI

TSHA

ZYNE

Several healthcare stocks experienced significant price movements during Monday's intraday session. Zynerba Pharmaceuticals, Taysha Gene Therapies, Virios Therapeutics, Humacyte, OKYO Pharma, and Summit Therapeutics were among the gainers, with Zynerba Pharmaceuticals leading with a 283.5% increase. On the other hand, BioXcel Therapeutics, Concord Medical Services, Science 37 Hldgs, Oncology Institute, AcelRx Pharmaceuticals, and Hillstream BioPharma were among the losers, with BioXcel Therapeutics experiencing the largest drop of 38.9%.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 5:31 pm

FATH

SLND

VCIG

WLGS

During Monday's intraday session, several industrials stocks experienced significant movements. Gainers included VCI Global, Southland Holdings, Performance Shipping, Recruiter.Com Group, Capstone Green Energy, and American Superconductor. Losers included Fathom Digital Mfg, WANG & LEE Group, TPI Composites, 1847 Holdings, Li-Cycle Holdings, and iSun. Several companies released their Q2 earnings.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 5:31 pm

NBTB

NBT Bancorp Inc (NASDAQ:NBTB) has completed its merger with Salisbury Bancorp, Inc. and raised its Q3 2023 dividend per share by 6.7% to $0.32. The merger has added 13 banking offices to NBTB's franchise, expanding its footprint to 153 offices across seven states. Richard J. Cantele, Jr., former President and CEO of Salisbury, has been appointed to NBTB's board of directors and will join the Executive Management Team. NBTB's Q2 adjusted EPS was $0.80, beating the consensus of $0.76, but sales of $121.13 million missed the consensus of $126.11 million.

Portfolio Pulse from Lekha Gupta

August 14, 2023 | 5:05 pm

SUNW

Sunworks, Inc (NASDAQ:SUNW) reported a Q2 FY23 revenue decline of 4.8% YoY to $34.64 million, missing the consensus of $43.60 million. The company's EPS loss of $(0.34) also missed the consensus loss of $(0.16). The company's residential solar segment revenue was down by 16.3% YoY, while its commercial solar energy segment revenue was up 91.7% YoY. The company's total backlog stood at $84.1 million, down by 13.1% YoY. The company's gross profit declined from $16.59 million a year ago to $11.44 million. The company's CEO attributed the decline to higher interest rates, less favorable residential solar economics in California, and utility permitting delays.

Portfolio Pulse from Anusuya Lahiri

August 14, 2023 | 5:02 pm

WISA

WiSA Technologies (NASDAQ:WISA) is set to release its latest quarterly earnings report on Tuesday, 2023-08-15. Analysts estimate an earnings per share (EPS) of $-1.62. Last quarter, the company beat EPS by $2.83, followed by a 0.0% drop in the share price. Shares of WiSA Technologies were trading at $1.18 as of August 11, with a 52-week period decline of 98.24%.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 5:01 pm