Streetbeat News

Earnings

BCAB

BioAtla has announced its plans for the near future, including the submission of an abstract on CAB-AXL-ADC, BA3011, in non-small cell lung cancer to the IASLC 2023 North America Conference on Lung Cancer. A KOL event is planned for December 4, 2023, following the conclusion of the IASLC conference. An R&D day is planned for December 13, 2023, to discuss BA3071 (CAB-CTLA-4) Phase 1/2 basket trial. The company will also host its third quarter 2023 financial results conference call and webcast on November 7, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 11:35 am

PEP

QQQ

RIVN

SPY

U.S. stocks are expected to start cautiously on Tuesday, with modestly higher stock futures and PepsiCo's strong Q3 report boosting expectations for a positive earnings season. Bond yields continue to ease as traders expect a pause at the Federal Reserve's rate-setting meeting. However, upcoming inflation reports could keep sentiment guarded. Stocks advanced on Monday, with all S&P 500 sectors gaining ground. The SPDR S&P 500 ETF Trust and the Invesco QQQ ETF rose in premarket trading on Tuesday.

Portfolio Pulse from Shanthi Rexaline

October 10, 2023 | 11:27 am

ETRN

KMI

The article discusses three high-yielding dividend stocks in the energy sector, as recommended by Wall Street's most accurate analysts. The stocks are Antero Midstream Corporation (AM), Kinder Morgan, Inc. (KMI), and Equitrans Midstream Corporation (ETRN). AM and ETRN posted better-than-expected Q2 earnings, while KMI reported weaker-than-expected Q2 sales.

Portfolio Pulse from Lisa Levin

October 10, 2023 | 11:26 am

NEOG

Neogen has reaffirmed its FY24 revenue guidance of $955M-$985M, in line with the consensus of $968.41M. The company also expects its adjusted EBITDA to be in the range of $235M-$255M and capital expenditures to be around $130M, including $100M for the integration of the former 3M Food Safety Division.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 11:07 am

NEOG

Neogen (NASDAQ:NEOG) reported Q1 earnings of $0.11 per share, missing the analyst consensus estimate of $0.12 by 8.33%. This is a 31.25% decrease from the same period last year. The company also reported quarterly sales of $228.99 million, missing the analyst consensus estimate of $231.10 million by 0.91%. However, this is a 73.02% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 11:04 am

PEP

PepsiCo Inc reported Q3 FY23 sales growth of 6.7% YoY to $23.45 billion, beating the analyst consensus estimate. Net revenue from Frito-Lay North America, Quaker Foods North America, and PepsiCo Beverages North America increased. Latin America sales jumped 21% YoY, and Europe sales scaled 2%. The company raised its FY23 adjusted EPS outlook from $7.47 to $7.54. PEP shares are trading higher by 2.22% in premarket.

Portfolio Pulse from Shivani Kumaresan

October 10, 2023 | 11:02 am

EVER

IDT

SCPL

EverQuote, SciPlay Corporation, and IDT Corporation are considered overbought stocks in the communication services sector, with RSI values above 70, indicating they may be overvalued. EverQuote and SciPlay reported better-than-expected Q2 results, while IDT is expected to report its Q4 and fiscal year 2023 results on Oct. 12, 2023.

Portfolio Pulse from Lisa Levin

October 10, 2023 | 10:54 am

AZZ

ETWO

NEOG

PEP

PRST

VOXX

Earnings reports are scheduled for October 10, 2023. Companies reporting before the bell include Neogen and PepsiCo, while AZZ, VOXX International, Presto Automation, and E2open Parent Holdings will report after the bell.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 10:53 am

HON

Honeywell has announced that its Q3 earnings per share (EPS) are expected to be within or above the previously issued guidance range. The company also expects its full-year results to be within the previously issued guidance ranges.

Portfolio Pulse from Charles Gross

October 10, 2023 | 10:28 am

PEP

PepsiCo reported better-than-expected Q3 earnings and raised its FY23 adjusted EPS outlook, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 10:07 am