Streetbeat News

Earnings

XP

XP Inc. is expected to report higher Q2 earnings with an estimate of 38 cents per share, up from 35 cents per share a year ago. Revenue is projected at $720.6 million, compared to $641.29 million in the same period last year. XP shares fell 1.4% to close at $25.32 on Friday. Analysts from B of A Securities, Banco Bradesco BBI SA, and Citigroup have recently changed their ratings and price targets for the stock.

Portfolio Pulse from Lisa Levin

August 14, 2023 | 12:46 pm

RSSS

Research Solutions has reported preliminary Q4 revenue of $10M, surpassing the estimated $9.67M. The company's FY23 revenue is also higher than expected at $37.7M, compared to the estimated $37.41M.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 12:45 pm

ABL

Abacus Life (NASDAQ:ABL) reported Q2 earnings of $0.13 per share and $11.38 million in sales.

Portfolio Pulse from mahesh@benzinga.com

August 14, 2023 | 12:45 pm

HTCR

HeartCore Enterprises (NASDAQ:HTCR) reported Q2 losses of $(0.04) per share, missing the analyst consensus estimate of $0.11 by 136.36%. However, the company reported quarterly sales of $5.10 million, beating the analyst consensus estimate of $3.20 million by 59.23%.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 12:45 pm

ABL

Abacus Life reported its Q2 revenue of $18.3M, which is an increase from $14.1M year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 12:44 pm

INDP

Indaptus Therapeutics reported Q2 losses of $(0.39) per share, beating the analyst consensus estimate of $(0.58) by 32.76 percent. This represents a 15.22 percent increase over losses from the same period last year.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 12:43 pm

TMC

TSHA

TSLA

Taysha Gene Therapies reported initial clinical data from the first adult Rett Syndrome patient dosed in REVEAL Phase 1/2 trial and provided a corporate update with Q2 2023 financial results. The Metals Company shares traded higher after announcing a registered direct offering at $2/share plus warrants. Tesla shares traded lower after the company cut some Model Y prices in China.

Portfolio Pulse from ryanfaloona@benzinga.com

August 14, 2023 | 12:43 pm

ELOX

Eloxx Pharmaceuticals reported Q2 losses of $1.96 per share, missing the analyst consensus estimate of $1.54 by 27.27%. This represents a 1533.33% increase in losses compared to the same period last year.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 12:43 pm

FNKO

REE

TRNR

UHG

WOOF

The article lists the top 5 oversold stocks in the consumer discretionary sector, which may present an opportunity for investors. The stocks mentioned are United Homes Group, Inc. (UHG), Interactive Strength Inc. (TRNR), REE Automotive Ltd. (REE), Funko, Inc. (FNKO), and Petco Health and Wellness Company, Inc. (WOOF). The companies have reported various financial results and partnerships, and their stocks have been trading near their 52-week lows.

Portfolio Pulse from Lisa Levin

August 14, 2023 | 12:41 pm

REBN

Reborn Coffee (NASDAQ:REBN) reported Q2 sales of $1.50 million, a 90.24% increase from $788.48 thousand in the same period last year. However, the company also reported a net loss of $1.3 million.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 12:40 pm