Streetbeat News

Earnings

KRNY

Kearny Financial (NASDAQ:KRNY) reported Q1 earnings of $0.16 per share, beating the analyst consensus estimate of $0.13 by 23.08%. However, this is a 36% decrease from the same period last year. The company also reported quarterly sales of $39.16 million, beating the estimate of $37.61 million by 4.12%, but this is a 19.31% decrease from last year.

Portfolio Pulse from mahesh@benzinga.com

October 26, 2023 | 12:35 pm

CBZ

CBIZ has projected an increase in its FY23 adjusted EPS by 11%-13% to $2.36-$2.41, compared to the estimated $2.36.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 12:34 pm

WTBA

West Bancorp reported Q3 earnings of $0.35 per share, beating the analyst consensus estimate of $0.31 by 12.9%. However, this is a 49.28% decrease from the same period last year. The company's quarterly sales of $19.46 million missed the analyst consensus estimate of $19.70 million by 1.24%, marking a 25.97% decrease from the same period last year.

Portfolio Pulse from vinayak@benzinga.com

October 26, 2023 | 12:33 pm

FCFS

FirstCash has reported strong growth in store counts year-to-date, with expectations for Q4 and full-year retail sales to grow in both the U.S. and Latin America. Retail margins are expected to remain strong at 42%-43% in the U.S. and 35%-36% in Latin America. The company's outlook for the remainder of 2023 remains highly positive due to strong Q3 results, recent pawn acquisitions, and continued growth in earning assets. Pawn operations are expected to be the primary earnings driver in 2023, contributing approximately 80% of total segment level pre-tax income for the full year.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 12:29 pm

HYMTF

Hyundai Motor Company reported a 8.7% YoY revenue growth in Q3 FY23, with an operating profit of KRW 3.82 trillion, a 146.3% YoY increase. Net profit also increased by 134% to KRW 3.3 trillion. Sales of electrified models jumped 33.3% to about 169,000 units. The company expects sales momentum to continue due to improved production status, stronger demand for Hyundai, Genesis-branded models, and lower inventory levels.

Portfolio Pulse from Shivani Kumaresan

October 26, 2023 | 12:26 pm

NVNO

enVVeno Medical Corporation (NASDAQ:NVNO) reported Q3 2023 financial results, ending the quarter with $25.7M in cash and investments. The company achieved full enrollment for its VenoValve U.S. pivotal trial and plans to expedite the development of enVVe, a transcatheter replacement venous valve. The company's cash burn for the quarter was $4.1M, in line with previous guidance. The company also closed a $28M private placement, which is expected to fund the company through several significant milestones.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 12:24 pm

HNVR

Hanover Bancorp (NASDAQ:HNVR) reported a 35.14% decrease in quarterly earnings, from $0.74 per share last year to $0.48 per share this year.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 12:22 pm

ACN

KMB

PGR

RBLX

Insiders at Roblox Corporation (RBLX), The Progressive Corporation (PGR), Kimberly-Clark Corporation (KMB), and Accenture plc (ACN) have recently sold shares. The reasons for these sales are not clear, but they could be due to preplanned sales or concerns about the companies' prospects. Roblox is expected to report Q3 2023 financial results soon. Progressive posted upbeat earnings for Q3. Kimberly-Clark reported Q3 sales growth of 2% Y/Y, missing analyst consensus. Accenture recently posted better-than-expected Q2 results and acquired cybersecurity services company MNEMO Mexico.

Portfolio Pulse from Lisa Levin

October 26, 2023 | 12:16 pm

FRME

First Merchants (NASDAQ:FRME) reported Q3 earnings of $0.94 per share, in line with analyst consensus. However, the company's quarterly sales of $161.22M missed the estimate of $167.07M by 3.5%. This represents a 16.07% decrease in earnings and a 5.12% decrease in sales compared to the same period last year.

Portfolio Pulse from vinayak@benzinga.com

October 26, 2023 | 12:15 pm

TRS

TriMas Corporation has reiterated its FY23 adjusted diluted EPS guidance of $1.80-$1.95, which is in line with the $1.90 estimate. The company expects a longer and more gradual recovery within its TriMas Packaging Group.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 12:15 pm