Streetbeat News

Earnings

HWC

Hancock Whitney Corp (HWC) received mixed analyst opinions following its Q2 results. Truist Securities and Stephens & Co. raised the price target to $47, while Raymond James increased it to $46. However, Truist and Stephens lowered the EPS estimates for 2023 and 2024, citing expected lower revenue and higher expenses. Piper Sandler reduced the price target to $46 and downgraded the rating to Neutral.

Portfolio Pulse from Lekha Gupta

July 19, 2023 | 6:11 pm

HOOD

IAI

IBKR

LPLA

MS

RJF

SCHW

TW

Major US brokerage firms are experiencing a favorable market momentum due to a rally in US stocks and strong risk appetite among small investors. The iShares U.S. Broker-Dealer & Securities Exchange ETF (IAI) rose 3.6% on Tuesday. Charles Schwab Corp. (SCHW), Morgan Stanley's E*TRADE (MS), and Interactive Brokers Group, Inc. (IBKR) reported Q2 earnings with SCHW and MS beating expectations while IBKR missed. Raymond James Financial, Inc. (RJF), LPL Financial Holdings Inc. (LPLA), Tradeweb Markets Inc. (TW), and Robinhood Markets, Inc. (HOOD) are yet to report their Q2 earnings.

Portfolio Pulse from Piero Cingari

July 19, 2023 | 6:09 pm

STBA

S&T Bancorp (NASDAQ:STBA) is set to release its quarterly earnings report on July 20, 2023. Analysts estimate an EPS of $0.89. The company's past performance shows a pattern of beating EPS estimates, but this has sometimes been followed by a drop in share price. The stock is currently trading at $30.25, up 4.72% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 6:02 pm

IIIN

Insteel Indus (NYSE:IIIN) is set to release its quarterly earnings report on July 20, 2023. Analysts estimate an EPS of $0.66. The company's past performance shows a pattern of share price drops following earnings misses. The stock is currently trading at $31.6, down 8.82% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 6:02 pm

TCBI

Texas Capital Bancshares (NASDAQ:TCBI) is set to release its latest quarterly earnings report on July 20, 2023. Analysts estimate an earnings per share (EPS) of $0.95. The company's past performance shows a mixed trend of beating and missing EPS estimates, which has led to varying stock price changes. The company's shares were trading at $60.22 as of July 18, with a 10.04% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 6:02 pm

FOR

Forestar Group (NYSE:FOR) is set to release its quarterly earnings report on July 20, 2023. Analysts estimate an EPS of $0.55. The company's past performance shows a pattern of beating EPS estimates, which often leads to an increase in share price. The stock is currently trading at $24.02, up 69.79% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 6:02 pm

ASB

Associated Banc (NYSE:ASB) is set to release its quarterly earnings report on July 20, 2023. Analysts estimate an EPS of $0.59. The company's past performance shows a pattern of share price drops following earnings beats. The stock is currently trading at $18.17, down 3.63% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 6:02 pm

OCFC

OceanFirst Financial (NASDAQ:OCFC) is set to release its quarterly earnings report on July 20, 2023. Analysts estimate an EPS of $0.47. The company's past performance shows a pattern of share price changes following earnings reports. The stock is currently trading at $17.4, down 10.83% over the last 52 weeks.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 6:02 pm

WRB

WR Berkley (NYSE:WRB) is set to release its quarterly earnings report on July 20, 2023. Analysts estimate an earnings per share (EPS) of $1.10. The company's past performance shows a trend of share price drops following earnings reports. The stock is currently trading at $60.56, down 5.5% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 6:01 pm

TFIN

Triumph Financial (NASDAQ:TFIN) is set to release its quarterly earnings report on July 20, 2023. Analysts estimate an earnings per share (EPS) of $0.41. The company's stock performance has been generally positive over the last 52-week period, with shares up 11.34%. Last quarter, the company missed EPS by $0.09, leading to a 1.51% drop in the share price.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 6:01 pm