Streetbeat News

Earnings

PXD

A whale investor has shown bullish stance on Pioneer Natural Resources (NYSE:PXD) with 50% of the investors opening trades with bullish expectations and 50% with bearish. The whale trades have targeted a price range from $160.0 to $215.0 for Pioneer Natural Resources over the last 3 months. The current price of PXD is down -0.2% at $210.71. RSI indicators suggest the stock may be approaching overbought. Next earnings are expected in 13 days.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 7:16 pm

NFLX

Netflix, Inc (NASDAQ:NFLX) is set to release its Q2 earnings report after the market close on Tuesday. The company's stock has been trending higher since March 13, surging about 66%. For Q2, analysts expect Netflix to report earnings per share of $2.85 on revenues of $8.29 billion. The company's stock looks neutral heading into the event, trading in an inside bar pattern but with its relative strength index trending in overbought territory. A negative reaction to their earnings print could increase volatility in the stock market.

Portfolio Pulse from Melanie Schaffer

July 19, 2023 | 7:11 pm

SPIKE

TSLA

Tesla, Inc (NASDAQ:TSLA) is set to kick off the big tech earnings season with its Q2 report. Analysts estimate earnings per share of 82 cents on revenues of $24.48 billion. Ahead of the event, Wells Fargo maintained an Equal-Weight rating on Tesla and raised a price target from $170 to $265. Wedbush analyst Daniel Ives reiterated an Outperform rating and maintained a price target of $300 and Morgan Stanley analyst Adam Jonas reiterated an Equal-Weight rating with a $250 price target. Tesla's stock looks neutral heading into the event, trading in an uptrend but in need of a pullback.

Portfolio Pulse from Melanie Schaffer

July 19, 2023 | 7:08 pm

AMTB

Amerant Bancorp (NASDAQ:AMTB) is set to release its quarterly earnings report on July 20, 2023. Analysts estimate an EPS of $0.20. The company's past performance shows a pattern of share price changes following earnings announcements. Last quarter, the company missed EPS by $0.10, resulting in a 4.39% drop in share price. The company's shares are currently trading at $19.19, down 26.35% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 7:02 pm

BSVN

Bank7 (NASDAQ:BSVN) is set to release its quarterly earnings report on July 20, 2023. Analysts estimate an earnings per share (EPS) of $0.96. 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 $24.09, up 9.22% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 7:01 pm

WBS

Webster Finl (NYSE:WBS) is set to release its quarterly earnings report on July 20, 2023. Analysts estimate an EPS of $1.47. The company's past performance shows a mixed trend of beating and missing EPS estimates, with corresponding changes in share price. The stock is currently trading at $43.13, down 3.18% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 7:01 pm

SIFY

Sify Technologies (NASDAQ:SIFY) is set to release its latest quarterly earnings report on July 20, 2023. Analysts estimate an earnings per share (EPS) of $0.01. The company's past performance shows a pattern of EPS actuals beating estimates, but with varying price changes. The stock was trading at $2.97 as of July 18, with a 52-week return of 26.13%.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 7:01 pm

PM

Philip Morris Intl (NYSE:PM) is set to release its quarterly earnings report on July 20, 2023. Analysts estimate an earnings per share (EPS) of $1.47. The company's past performance shows a trend of beating EPS estimates, which has typically resulted in a share price increase. The stock is currently trading at $98.35, up 5.78% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 7:00 pm

UNB

Union Bankshares (NASDAQ:UNB) reported Q2 earnings of $0.60 per share, a 7.69% decrease YoY. However, the company's sales increased by 2.23% to $12.10 million compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 6:40 pm

GS

JPM

MS

Goldman Sachs Group Inc's Q2 earnings fell short of expectations with a 60% YoY drop, marking its worst quarterly profits since the early stages of the pandemic in 2020. The bank's profit drop was primarily due to its retrenchment from consumer businesses and declining real estate investments. Despite the slump, CEO David Solomon remained optimistic about the bank's strategic decisions and the potential recovery of investment banking and mergers and acquisitions.

Portfolio Pulse from AJ Fabino

July 19, 2023 | 6:33 pm