Streetbeat News

Earnings

PLD

Prologis, Inc. (NYSE:PLD) reported Q2 rental and other revenues of $1.65 billion, up 50.7% YoY, but missed estimates of $1.69 billion. The company's core funds from operations per diluted share was $1.83 for Q2, higher than $1.11 a year ago. The company raised FY23 guidance and expects core FFO attributable to common stockholders to be in the range of $5.56 to $5.60. PLD shares are trading higher by 1.07% to $129.35 in the premarket.

Portfolio Pulse from Nabaparna Bhattacharya

July 18, 2023 | 3:00 pm

AT&T Inc (NYSE:T) shares are trading higher after a significant drop due to a downgrade from Citigroup. The downgrade was due to potential risks related to lead sheathed cables. Despite this, options traders are making bullish bets on AT&T ahead of its upcoming earnings report. The company is set to report second-quarter financial results on July 26.

Portfolio Pulse from Adam Eckert

July 18, 2023 | 2:50 pm

WFC

Wells Fargo & Co (NYSE:WFC) shares are trading higher by 1.2% to $45.28 on Tuesday morning, following better-than-expected Q2 results last week. The stock is also gaining amid positive earnings results from peer banks, including Bank of America, which reported a 19% YoY net income growth for Q2 of FY23.

Portfolio Pulse from Henry Khederian

July 18, 2023 | 2:49 pm

AVNT

Avient (NYSE:AVNT) reported a loss in earnings of $20.40 million in Q1, compared to earnings of $544.90 million in Q4. However, sales increased by 7.0% to $845.70 million in Q1. The company posted a Return on Capital Employed (ROCE) of 0.01% in Q1, indicating effective capital allocation. Avient's Q1 earnings per share of $0.63 beat analyst predictions of $0.55.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 2:45 pm

NEPT

Neptune Wellness Solns (NASDAQ:NEPT) reported Q4 sales of $12.15 million, a decrease from Q3's $12.21 million. Earnings fell to a loss of $44.51 million, a significant decrease from Q3's loss of $497 thousand. The company posted a Return on Capital Employed (ROCE) of 1.62%, suggesting effective capital allocation. However, Q4 earnings per share of $-2.23 did not meet analyst predictions of $-0.33.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 2:45 pm

CURV

DBGI

LEN

MHO

The article lists five value stocks in the consumer cyclical sector that may be undervalued. These include Torrid Holdings (NYSE:CURV), AutoNation (NYSE:AN), M/I Homes (NYSE:MHO), Lennar (NYSE:LEN), and Digital Brands Group (NASDAQ:DBGI). The companies' earnings per share for Q1 have been reported, with some experiencing increases and others decreases compared to Q4.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 2:43 pm

ARW

CSIQ

MKTW

MNDO

NOK

The article identifies five value stocks in the technology sector, namely Nokia (NOK), MIND C.T.I. (MNDO), Marketwise (MKTW), Canadian Solar (CSIQ), and Arrow Electronics (ARW). These stocks are considered undervalued based on their low price-to-earnings (P/E) multiples. The article also provides Q1 earnings per share and dividend yield data for each company.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 2:41 pm

ATUS

BAC

QBTS

SCHW

Several US stocks traded higher on Tuesday, with the Dow Jones gaining over 200 points. Notable gainers include D-Wave Quantum Inc., Altice USA, Inc., Astronics Corporation, Eos Energy Enterprises, Inc., The Charles Schwab Corporation, PacWest Bancorp, Telephone and Data Systems, Inc., Microvast Holdings, Inc., Amarin Corporation plc, Mercantile Bank Corporation, Transocean Ltd., Nikola Corporation, XPO, Inc., Precigen, Inc., DISH Network Corporation, Morgan Stanley, and Bank of America Corporation. Many of these gains were driven by positive quarterly results, new contracts, and leadership changes.

Portfolio Pulse from Lisa Levin

July 18, 2023 | 2:22 pm

CFG

Citizens Financial Group (NYSE:CFG) is set to release its quarterly earnings report on July 19, 2023. Analysts estimate an EPS of $1.01. The company's past performance shows a trend of share price drops following earnings reports. The stock was trading at $28.08 as of July 17, with a 52-week decline of 23.45%.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 2:03 pm

IBM

IBM (NYSE:IBM) is set to release its latest quarterly earnings report on Wednesday, 2023-07-19. Analysts estimate an earnings per share (EPS) of $2.01. Last quarter, IBM beat EPS by $0.10, resulting in a 0.03% increase in the share price the next day. Shares of IBM were trading at $134.24 as of July 17, with a 52-week increase of 4.53%.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 2:03 pm