Streetbeat News

Earnings

SCS

Steelcase reported better-than-expected Q1 financial results and issued Q2 2024 adjusted EPS guidance, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 3:22 pm

SCS

Steelcase has issued its Q2 guidance, providing investors with an outlook for the upcoming quarter.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 3:20 pm

CMC

Commercial Metals Co (NYSE:CMC) reported Q3 FY23 sales of $2.34 billion, beating the consensus of $2.24 billion. Adjusted EPS of $2.02 also beat the consensus of $1.76. The company declared a quarterly dividend of $0.16 per share. CMC shares are trading higher by 5.30% at $50.15.

Portfolio Pulse from Lekha Gupta

June 22, 2023 | 2:48 pm

AMPY

KRP

NINE

SJT

YPF

Benzinga Insights has identified five value stocks in the energy sector based on quantified analysis. These stocks include YPF, Amplify Energy, San Juan Basin Royalty, Kimbell Royalty Partners, and Nine Energy Service.

Portfolio Pulse from Benzinga Insights

June 22, 2023 | 2:48 pm

CDMO

Avid Bioservices (NASDAQ:CDMO) reported Q4 sales of $39.80 million and a loss of $309 thousand. The company posted a Return on Invested Capital (ROIC) of 0.83%, indicating effective capital allocation. Avid Bioservices' Q4 earnings per share were $0.05, beating analyst predictions of $0.0.

Portfolio Pulse from Benzinga Insights

June 22, 2023 | 2:46 pm

ET

Energy Transfer (NYSE:ET) reported Q1 earnings of $1.45 billion, a 0.7% increase from Q4, while sales dropped 7.35% to $19 billion. The company posted a return on capital employed (ROCE) of 0.04%, indicating effective capital allocation. However, Q1 earnings per share of $0.32 missed analyst predictions of $0.38.

Portfolio Pulse from Benzinga Insights

June 22, 2023 | 2:45 pm

PDCO

Patterson Cos (NASDAQ:PDCO) reported Q4 earnings of $74.84 million, a 38.99% increase from Q3, and sales of $1.72 billion, a 7.5% increase since Q3. The company posted a return on invested capital (ROIC) of 4.3%, indicating effective capital allocation. Q4 earnings per share were $0.84, beating analyst predictions of $0.7.

Portfolio Pulse from Benzinga Insights

June 22, 2023 | 2:45 pm

RIVN

Rivian Automotive (RIVN) has an option alert for July 21 $17.5 calls at the ask price of $0.56 with 500 contracts, compared to an open interest of 86,906. Earnings are scheduled for August 10.

Portfolio Pulse from Charles Gross

June 22, 2023 | 2:27 pm

COIN

Coinbase Global (COIN) sees an option alert for August 18th $80 calls at the ask price of $2.32 with 1,050 contracts, compared to 7,039 open interest. Earnings are expected on August 8th after the market close.

Portfolio Pulse from Charles Gross

June 22, 2023 | 2:26 pm

ACGL

FTV

MAR

CNBC's 'Halftime Report Final Trades' featured recommendations for Marriott International, Fortive Corporation, and Arch Capital Group. Marriott is expected to benefit from a rebound in cross-border travel and its deal with Hiap Hoe Limited. Fortive reported 6.1% YoY sales growth in Q1, beating estimates. Arch Capital Group has been growing at 34% over the last four quarters and received an Overweight rating from Morgan Stanley.

Portfolio Pulse from Lisa Levin

June 22, 2023 | 2:26 pm