Streetbeat News

Earnings

HRI

Herc Hldgs (NYSE:HRI) is set to release its quarterly earnings report on Tuesday, 2023-07-25. Analysts estimate an earnings per share (EPS) of $3.14. The company's past performance shows a pattern of share price changes following earnings reports. Shares of Herc Hldgs were trading at $133.1 as of July 21, with a 29.03% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 3:02 pm

TRMK

Trustmark (NASDAQ:TRMK) is set to release its quarterly earnings report on Tuesday, 2023-07-25. Analysts estimate an EPS of $0.59. The company's past performance shows it beat EPS estimates last quarter, leading to a 3.47% increase in share price. However, the stock has been down 22.77% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 3:02 pm

BABA

An option alert has been issued for Alibaba Group Holding (BABA) for Friday $100 calls sweep. The alert indicates 479 contracts traded at a price of $1.044, compared to an open interest of 15053. Alibaba's earnings report is due on 8/7 before market open.

Portfolio Pulse from Charles Gross

July 24, 2023 | 2:56 pm

APLD

Applied Digital Corp (APLD) reported Q4 FY23 revenue of $22 million, up 193% Y/Y, but missed the consensus of $29.57 million. The company launched an AI cloud service and acquired its first and second AI customers. For FY 2024, the company expects revenue within $385 million – $405 million and adjusted EBITDA of $195 million – $205 million. APLD shares are trading higher by 20.3% at $9.29.

Portfolio Pulse from Lekha Gupta

July 24, 2023 | 2:55 pm

XPEV

An option alert has been issued for XPeng (XPEV) for August 18 $17 calls. The sweep is near the ask with 1993 contracts at $0.914 versus an open interest of 1266. XPeng is expected to release its earnings on August 22 before the market opens. The reference price is $15.9.

Portfolio Pulse from Charles Gross

July 24, 2023 | 2:52 pm

GCBC

Greene County Bancorp (NASDAQ:GCBC) reported a 5% decrease in quarterly earnings, with EPS of $0.38, down from $0.40 YoY.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 2:49 pm

SPIKE

TSLA

Tesla, Inc (NASDAQ:TSLA) is showing signs of a potential reversal signal, indicating a bounce back from its recent lows. Despite beating Q2 earnings expectations, the stock has shown weakness compared to the general market. The upcoming deliveries of the highly-anticipated Cybertruck could potentially rally the stock. However, Tesla has reversed its upward trend and could establish a new downward trend. The stock has resistance at $271.71 and $285.83 and support at $254.98 and $234.35.

Portfolio Pulse from Melanie Schaffer

July 24, 2023 | 2:48 pm

APPH

ARMP

BBIG

DPZ

KOD

TUP

XXII

U.S. stocks traded higher with the S&P 500 gaining over 150 points. Domino's Pizza Inc (DPZ) reported better-than-expected earnings for its second quarter, despite a sales decline. Tupperware Brands Corporation (TUP), Vinco Ventures, Inc. (BBIG), and Armata Pharmaceuticals, Inc. (ARMP) saw significant stock increases. AppHarvest, Inc. (APPH), Kodiak Sciences Inc. (KOD), and 22nd Century Group, Inc. (XXII) experienced stock decreases.

Portfolio Pulse from Lisa Levin

July 24, 2023 | 2:46 pm

ALV

Autoliv (NYSE:ALV) reported a 29.33% decrease in earnings from Q1, but a 5.7% increase in sales to $2.63 billion. The company's Return on Invested Capital (ROIC) for Q2 was 2.64%, indicating effective capital allocation. Autoliv's Q2 earnings per share of $1.93 beat analyst predictions of $1.43.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 2:45 pm

LIVE

Live Ventures Inc (NASDAQ:LIVE) has acquired Precision Metal Works for $28 million, comprising $25 million cash and up to $3 million in an earn-out. The acquisition is expected to be immediately accretive to earnings and add $75 million to the annual revenue stream. Live Ventures will retain PMW's existing management team and all its employees.

Portfolio Pulse from Akanksha Bakshi

July 24, 2023 | 2:43 pm