Streetbeat News

Earnings

SFBS

Servisfirst Bancshares (NYSE:SFBS) is set to release its latest quarterly earnings report on October 16, 2023. Analysts estimate an earnings per share (EPS) of $0.95. The company's past performance shows a pattern of beating EPS estimates, which has led to significant share price increases. However, the stock has been on a downward trend, with a 39.23% decrease over the last 52 weeks.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 2:00 pm

HDB

HDFC Bank (NYSE:HDB) is set to release its quarterly earnings report on Monday, 2023-10-16, with analysts estimating an EPS of $0.45. The bank's stock performance has been generally negative over the last 52-week period, with shares down 2.35%. Investors will be looking for not only an earnings beat but also positive guidance for the next quarter.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 2:00 pm

DPZ

Domino's Pizza Inc (NYSE:DPZ) reported Q3 FY23 sales decline of 3.9% YoY to $1.03 billion, missing the analyst consensus of $1.05 billion. However, EPS of $4.18 beat the analyst consensus estimate of $3.30. The company expects FY23 global retail sales growth to trend modestly below the mid-point of its 4% to 8% two-to-three-year outlook. Following the earnings announcement, several analysts adjusted their price targets on Domino's Pizza.

Portfolio Pulse from Lisa Levin

October 13, 2023 | 1:55 pm

TSNDF

TerrAscend Corp. has raised its guidance for net revenue and adjusted EBITDA for the full year 2023 to at least $317 million and $63 million, respectively. This represents a 28% YoY growth in net revenue and 62% in Adjusted EBITDA. The company also expects gross margin to exceed 50% and positive free cash flow in the second half of the year. TerrAscend is hosting an investor day at the Toronto Stock Exchange on October 13.

Portfolio Pulse from Nina Zdinjak

October 13, 2023 | 1:55 pm

HUM

UNH

Shares of healthcare providers are trading higher in sympathy with UnitedHealth, which reported strong Q3 results and raised the bottom end of its 2023 EPS guidance.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 1:54 pm

UNH

UnitedHealth's shares are trading higher following the company's Q3 results, which exceeded expectations.

Portfolio Pulse from Bill Haddad

October 13, 2023 | 1:53 pm

KFFB

Kentucky First Federal Bancorp (NASDAQ:KFFB) announced a quarterly cash dividend of $0.10 per share, payable on November 20, 2023. However, the company expects future dividends to be reduced due to a decline in the banks' earnings. The company is implementing strategies to emphasize core deposit relationships and shift more of the loan portfolio towards higher-earning loans. The board expects that if quarterly dividends continue in 2024, they will be limited to no more than five cents per share.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 1:52 pm

BLPH

BPTH

JPM

SASI

SECO

US stocks traded higher with the Dow Jones gaining over 200 points. JPMorgan Chase & Co reported better-than-expected earnings for Q3, with net revenue of $40.7 billion, up 21% Y/Y. Sigma Additive Solutions, Bio-Path Holdings, and Versus Systems saw significant stock increases. Outset Medical, Bellerophon Therapeutics, and Secoo Holding saw significant stock decreases.

Portfolio Pulse from Lisa Levin

October 13, 2023 | 1:48 pm

BLK

DRPRF

GOOG

JPM

MSFT

NFLX

SAVA

TSM

UNH

WFC

The UK's Competition and Markets Authority has approved Microsoft's $69B acquisition of Activision Blizzard. Google is testing generative AI functionalities for its search tool. Cassava Sciences faces controversy over scientific misconduct allegations. Ford is struggling with UAW negotiations. EHang shares are trading higher after obtaining a certificate for its EH216-S UAV system. OpenAI is valued at $90B and is close to selling shares. TSMC is seeking permanent US approval for chip supplies. Netflix plans to launch 'Netflix House' experiences. The Kroger-Albertsons deal faces potential legal challenges. Boeing and Spirit AeroSystems are inspecting 737 Max aircraft defects. Wells Fargo, JPMorgan, Citigroup, BlackRock, and UnitedHealth reported Q3 earnings. Porsche records a 10% surge in deliveries for the first three quarters.

Portfolio Pulse from Vandana Singh

October 13, 2023 | 1:48 pm

JPM

JPMorgan Chase reported strong Q3 earnings, leading to a rise in its share prices.

Portfolio Pulse from Bill Haddad

October 13, 2023 | 1:44 pm