Streetbeat News

Earnings

UNB

Union Bankshares reported Q3 earnings of $0.56 per share, a 33.33% decrease from $0.84 per share in the same period last year.

Portfolio Pulse from Happy Mohamed

October 18, 2023 | 7:41 pm

NFLX

Netflix shares are trading lower ahead of the company's earnings report after the close.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 7:34 pm

CAT

JBHT

Caterpillar, Inc. (NYSE:CAT) shares are trading lower due to rising Treasury yields and weak Q3 financial results from J.B. Hunt Transport Services (NASDAQ:JBHT). The rise in 30-year yields over 5% following President Joe Biden's announcement of a support package for Israel and the weak earnings report from J.B. Hunt have negatively impacted the industrial sector.

Portfolio Pulse from Ryan Gustafson

October 18, 2023 | 7:21 pm

NFLX

Netflix, Inc (NASDAQ:NFLX) is set to announce its Q3 earnings on Wednesday. The company's stock has been trending lower since September 5, declining about 20%. For Q3, analysts expect Netflix to report earnings per share of $3.46 on revenues of $8.532 billion. The company guided for earnings per share of $3.52 on revenues of $8.52 billion. From a technical analysis perspective, Netflix's stock looks neutral heading into the event.

Portfolio Pulse from Melanie Schaffer

October 18, 2023 | 7:16 pm

CGC

DHBUF

Delivra Health Brands Inc. reported a 20% increase in net revenue and a 119% improvement in adjusted EBITDA for fiscal 2023. The growth was attributed to higher sales in the USA, a stronger gross margin, and overall expense reduction. The company also announced a strategic licensing agreement with a subsidiary of Canopy Growth Corporation to manufacture, distribute, and sell LivRelief brand-infused topical products in Canada.

Portfolio Pulse from Joana Scopel

October 18, 2023 | 7:04 pm

ARKK

TARK

TSLA

Tesla, Inc (NASDAQ:TSLA) is expected to report Q3 earnings with analysts estimating earnings per share of 73 cents on revenues of $24.38 billion. The company's stock is trading lower ahead of the earnings report. Two analysts have weighed in on Tesla stock with Piper Sander maintaining an Overweight rating and lowering the price target from $300 to $290, while Wedbush analyst Daniel Ives reiterated an Outperform rating and maintained a price target of $350. Investors looking for diversification may consider the AXS 2X Innovation ETF (NASDAQ:TARK), which aims to return 200% of the daily performance of ARK Innovation ETF (NYSE:ARKK), holding a 9.97% weighting of Tesla.

Portfolio Pulse from Melanie Schaffer

October 18, 2023 | 7:03 pm

JBHT

BMO Capital Markets analyst Fadi Chamoun has reiterated the Market Perform rating on J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT), raising the price target to $200 from $190. Despite a decrease in quarterly earnings, the company's core intermodal business saw higher volumes. The analyst expects sustained volume growth in the coming quarters due to strong rail service and customer emphasis on cost savings. However, the Brokerage and Truckload sectors are expected to remain under pressure into 2024 due to ongoing market challenges.

Portfolio Pulse from Nabaparna Bhattacharya

October 18, 2023 | 6:50 pm

GS

Goldman Sachs Group (NYSE:GS) reported Q3 EPS of $5.47, down from $8.25 a year ago, beating the consensus of $5.31. BMO Capital Markets analyst James Fotheringham reiterated an Outperform rating on GS, with a price target of $421. However, due to higher compensation and credit costs, the analyst lowered out-year estimates by -2%. Regulatory uncertainty related to Basel 3 End-game proposals also dampens GS's outlook for 4Q23 share repurchases. GS shares are trading lower by 2.08% to $302.91.

Portfolio Pulse from Nabaparna Bhattacharya

October 18, 2023 | 6:43 pm

NVVE

SFT

TGL

The article lists the stocks that have gained and lost the most in Wednesday's mid-day session. Notable gainers include Shift Technologies, Treasure Global, and SeaStar Medical Holding, while significant losers include Nuvve Holding, NuZee, and Color Star Technology. Factors influencing these changes range from bankruptcy filings and FDA approvals to public offerings and earnings reports.

Portfolio Pulse from Lisa Levin

October 18, 2023 | 6:15 pm

TSLA

Tesla shares are trading lower ahead of the company's Q3 earnings report, which is due to be released after the close today.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 5:50 pm