Streetbeat News

Earnings

MTB

M&T Bank (NYSE:MTB) is set to release its quarterly earnings report on July 19, 2023. Analysts estimate an EPS of $4.11. The company's past performance shows a pattern of beating EPS estimates, which has sometimes led to a slight increase in share price. However, the stock has been down 19.29% over the last 52 weeks.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 3:02 pm

EFX

Equifax (NYSE:EFX) is set to release its latest quarterly earnings report on July 19, 2023. Analysts estimate an earnings per share (EPS) of $1.67. Last quarter, the company beat EPS by $0.06, resulting in a 3.76% increase in the share price the next day. Shares of Equifax were trading at $237.14 as of July 17, with a 16.5% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 3:02 pm

HAL

Halliburton (NYSE:HAL) is set to release its quarterly earnings report on July 19, 2023. Analysts estimate an earnings per share (EPS) of $0.75. The company's past performance shows a mixed impact on the share price post-earnings release. The stock is currently trading at $37.36 and has seen a 30.14% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 3:02 pm

STLD

Steel Dynamics (NASDAQ:STLD) is set to release its latest quarterly earnings report on Wednesday, 2023-07-19. Analysts estimate an earnings per share (EPS) of $4.82. The company's past performance shows a trend of beating EPS estimates and subsequent increases in share price. Shares of Steel Dynamics were trading at $106.94 as of July 17, with a 59.25% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 3:01 pm

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

T

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

AN

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