Streetbeat News

Earnings

PPG

PPG Indus (NYSE:PPG) is set to release its quarterly earnings report on July 20, 2023. Analysts estimate an EPS of $2.13. 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 $151.37, up 21.77% over the last 52 weeks.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 4:01 pm

SFBS

Servisfirst Bancshares (NYSE:SFBS) 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 share price drops following earnings beats. The stock is currently trading at $46.78, down 42.1% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 4:00 pm

FITB

Fifth Third Bancorp (NASDAQ:FITB) is set to release its quarterly earnings report on July 20, 2023. Analysts estimate an EPS of $0.83. The company's past performance shows a mixed impact on the share price post-earnings release. The stock is currently trading at $27.93, down 17.26% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 4:00 pm

AMRN

Amarin Corporation announced a restructuring plan to reduce operating costs by $40 million annually, focusing on maintaining Vascepa as a cost-effective option, redesigning its commercial infrastructure in Europe, and exploring additional partnerships. The company also reported preliminary Q2 earnings with product revenue of $65 million, below the consensus of $80.36 million. Amarin appointed Patrick Holt as President and CFO. The company's shares are down 21.7% in premarket trading.

Portfolio Pulse from Vandana Singh

July 19, 2023 | 3:39 pm

MS

Morgan Stanley's shares rose after reporting strong quarterly results. Analysts from UBS and Oppenheimer maintained positive ratings, with price targets of $105 and $110 respectively. The bank's revenue beat was spread across investment banking, trading and other lines, and was further helped by a lower effective tax rate. Net new assets grew by a strong 8%, despite a challenging environment.

Portfolio Pulse from Priya Nigam

July 19, 2023 | 3:34 pm

WINA

Winmark reported Q2 earnings of $2.85 per share, a 12.2% increase YoY, and sales of $20.36M, a 6.77% increase YoY.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 3:28 pm

HUM

Shares of Humana Inc (HUM) are trading higher by 2.37% following Elevance Health's better-than-expected Q2 financial results and raised guidance. The strong performance and optimistic outlook for Elevance Health have led to a more favorable perception of the overall healthcare sector, including Humana. Elevance Health's Q2 EPS was $9.04, a 13.4% YoY increase, and revenue grew by 13% to $43.67 billion.

Portfolio Pulse from Henry Khederian

July 19, 2023 | 3:24 pm

RVYL

Ryvyl's shares are trading lower following the release of the company's preliminary Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 3:18 pm

AAPL

Apple Inc's shares remained under pressure despite gaining market share in Q2. BofA Securities anticipates lower iPhone sales due to weak demand and potential delay in the launch of iPhone 15A. Analyst Wamsi Mohan maintains a Neutral rating but raises the price objective from $190 to $210 based on 2024 earnings projections. BofA models Apple's Q3 revenues at $80.7 billion, a 3% YoY decline.

Portfolio Pulse from Priya Nigam

July 19, 2023 | 3:16 pm

ALLY

Ally Financial Inc reported Q2 adjusted revenues of $2.066 billion, missing the consensus of $2.090 billion. However, adjusted EPS of $0.96 beat the consensus of $0.92. Deposits increased to $154.3 billion from $140 billion a year ago. The company now expects a net interest margin of 3.4% in 2023. ALLY shares are trading higher by 3.25% at $29.06.

Portfolio Pulse from Lekha Gupta

July 19, 2023 | 3:07 pm