Streetbeat News

Earnings

SILK

Silk Road Medical has announced preliminary Q3 revenue results that are below estimates. The company also issued FY23 revenue guidance that is lower than expected.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 3:45 pm

AZZ

SHCR

VOXX

Several US stocks traded higher on Wednesday, with notable gains recorded by Sharecare, Scilex Holding Company, VOXX International Corp, Golden Heaven Group Holdings, American Battery Technology Company, Exscientia, Empire State Realty OP, AZZ Inc., Dada Nexus Limited, Novavax, Harmony Gold Mining Company, HUTCHMED, Sify Technologies Limited, Beneficient, and Groupon. Sharecare's surge followed a preliminary non-binding proposal for acquisition by Claritas Capital. VOXX and AZZ Inc. reported stronger-than-expected sales and results for their second quarter, respectively.

Portfolio Pulse from Lisa Levin

October 11, 2023 | 3:42 pm

DAL

Delta Air Lines, Inc. (NYSE:DAL) is expected to report higher Q3 earnings at $1.94 per share, up from $1.51 per share a year ago. The company's revenue is projected to be $14.54 billion, compared to $12.87 billion in the same period last year. Delta's shares gained 1.6% to close at $35.83 on Tuesday. Several analysts have revised their ratings and price targets for the company ahead of the earnings call.

Portfolio Pulse from Lisa Levin

October 11, 2023 | 3:04 pm

BAER

DAL

EAF

GEO

VRTV

The article discusses notable value stocks in the industrials sector, including Veritiv (VRTV), Bridger Aerospace Gr (BAER), GEO Group (GEO), Delta Air Lines (DAL), and GrafTech International (EAF). These companies are considered undervalued based on their low P/E multiples. The article also provides updates on each company's earnings per share and dividend yield.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 2:41 pm

LXFR

Luxfer Holdings PLC (NYSE:LXFR) shares dropped by around 15% following the company's Q3 FY23 preliminary results. The company expects Q3 net sales of $97 million and adjusted earnings per share of about $0.04, both lower than the street view. The company attributes the lower performance to macroeconomic challenges and supply chain disruptions. LXFR is planning a turnaround strategy, including a headcount reduction program. The company's full-year 2023 results are expected to be significantly lower than previous guidance.

Portfolio Pulse from Lekha Gupta

October 11, 2023 | 2:26 pm

BYRN

Byrna Technologies (NASDAQ:BYRN) is set to release its latest quarterly earnings report on October 12, 2023. Analysts estimate an earnings per share (EPS) of $0.01. The company's past performance shows a pattern of share price drops following earnings beats. The stock is currently trading at $2.7, down 56.59% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 2:01 pm

SOTK

Sono-Tek (NASDAQ:SOTK) is set to release its latest quarterly earnings report on October 12, 2023. Analysts estimate an earnings per share (EPS) of $0.05. The company's stock performance has been generally negative over the last 52-week period, with shares down 25.74%. Last quarter, the company missed EPS by $0.00, resulting in a 2.77% drop in the share price the next day.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 2:01 pm

SGH

SMART Glb Hldgs (NASDAQ:SGH) is set to release its quarterly earnings report on October 12, 2023. Analysts estimate an earnings per share (EPS) of $0.45. The company's past performance shows a trend of beating EPS estimates, which has led to increases in share price. The stock is currently trading at $24.34 and has seen an 84.11% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 2:01 pm

DPZ

Domino's Pizza (NYSE:DPZ) is set to release its latest quarterly earnings report on October 12, 2023. Analysts estimate an earnings per share (EPS) of $3.30. The company's past performance shows a trend of beating EPS estimates, which has generally led to an increase in share price. The stock is currently trading at $355.6, up 6.28% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 2:00 pm

INFY

Infosys (NYSE:INFY) is set to release its latest quarterly earnings report on October 12, 2023. Analysts estimate an earnings per share (EPS) of $0.18. Last quarter, the company missed EPS by $0.01, which led to a 0.49% increase in the share price the next day. Infosys shares were trading at $17.85 as of October 10, and over the last 52-week period, shares are down 2.3%.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 2:00 pm