Streetbeat News

Earnings

NFLX

Netflix Inc (NASDAQ:NFLX) is set to report its Q2 financial results. Analysts expect the company to report $8.28 billion in revenue and earnings per share of $2.84. The company has beaten analyst estimates for earnings per share in six of the last seven quarters. Netflix ended Q1 with 232.5 million global paid subscribers, up 4.9% YoY. Analysts will be looking at subscriber figures, comments on the ad-supported plan, password-sharing monetization, and the impact of the writers and actors strike. Guggenheim analyst Michael Morris has a Buy rating and a $500 price target on Netflix stock. Wells Fargo analyst Steven Cahall also has a price target of $500 on shares. Wedbush analyst Michael Pachter has a $475 price target on Netflix.

Portfolio Pulse from Chris Katje

July 18, 2023 | 4:25 pm

LMT

Lockheed Martin's shares have dropped following the release of their Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 4:23 pm

BPTS

ICAD

LIXT

MASI

MICS

MS

NMTR

US stocks traded higher with the Dow Jones gaining over 300 points. Morgan Stanley reported better-than-expected Q2 results with EPS of $1.24 and revenues of $13.46 billion. The Singing Machine Company, Biophytis, and iCAD saw their shares rise after various positive announcements. 9 Meters Biopharma, Lixte Biotechnology, and Masimo Corporation saw their shares drop due to various negative developments.

Portfolio Pulse from Lisa Levin

July 18, 2023 | 4:23 pm

SE

A large bullish position has been taken on Sea (NYSE:SE), as noticed by Benzinga's options scanner. The overall sentiment of these big-money traders is split between 76% bullish and 23% bearish. Whales have been targeting a price range from $60.0 to $70.0 for Sea over the last 3 months. The price of SE is currently down -1.85% at $61.58. Next earnings are expected to be released in 28 days.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 4:15 pm

KARO

Karooooo (NASDAQ:KARO) is set to release its latest quarterly earnings report on July 19, 2023. Analysts estimate an earnings per share (EPS) of $0.30. The company's past performance shows a mixed impact on the share price post-earnings release. The stock was trading at $24.25 as of July 17, with a 52-week return of 8.58%.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 4:03 pm

MRTN

Marten Transport (NASDAQ:MRTN) is set to release its latest quarterly earnings report on July 19, 2023. Analysts estimate an earnings per share (EPS) of $0.29. 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 $20.62 and has seen a 6.06% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 4:02 pm

COLB

Columbia Banking System (NASDAQ:COLB) is set to release its quarterly earnings report on July 19, 2023. Analysts estimate an EPS of $0.93. The company's past performance shows a trend of share price increase following earnings reports, even when EPS estimates were missed. The stock was trading at $22.05 as of July 17, with a 27.48% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 4:02 pm

CBSH

Commerce Bancshares (NASDAQ:CBSH) is set to release its latest quarterly earnings report on July 19, 2023. Analysts estimate an earnings per share (EPS) of $0.94. The company's past performance shows a trend of beating EPS estimates. However, the stock price has seen a general decrease, with shares down 21.44% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 4:02 pm

MCRI

Monarch Casino & Resort (NASDAQ:MCRI) is set to release its latest quarterly earnings report on July 19, 2023. Analysts estimate an earnings per share (EPS) of $1.17. The company's past performance shows a correlation between EPS and share price. Last quarter, the company missed EPS by $0.08, resulting in a 4.81% drop in share price. The stock is currently trading at $72.42, up 19.39% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 4:02 pm

PFBC

Preferred Bank (NASDAQ:PFBC) is set to release its quarterly earnings report on July 19, 2023. Analysts estimate an EPS of $2.47. The bank's past performance shows a trend of beating EPS estimates, which has generally led to an increase in share price. However, the bank's shares have seen a 17.1% decrease over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 4:02 pm