Streetbeat News

Earnings

RGLD

Royal Gold (NASDAQ:RGLD) is set to release its latest quarterly earnings report on August 2, 2023. Analysts estimate an earnings per share (EPS) of $0.88. The company's past performance shows a mixed trend of beating and missing EPS estimates, which has led to varied stock price changes. The company's shares were trading at $120.14 as of July 31, with a 13.94% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 9:49 am

CAKE

Cheesecake Factory (NASDAQ:CAKE) is set to release its quarterly earnings report on August 2, 2023. Analysts estimate an earnings per share (EPS) of $0.82. The company's past performance shows a pattern of share price drops following earnings beats. The stock was trading at $36.78 as of July 31, with a 52-week return of 16.23%.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 9:49 am

AMD

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) are trading higher by 2.15% to $116.86 in anticipation of the company's Q2 earnings report. Analysts estimate earnings per share of 52 cents, a decrease from last year's $1.05 per share. AMD has outperformed bottom-line expectations in three out of the last four quarters.

Portfolio Pulse from Henry Khederian

August 04, 2023 | 9:47 am

ZI

ZoomInfo Technologies (NASDAQ:ZI) shares are trading lower after the company issued weak guidance and several analysts lowered their price targets. The company reported its Q2 financial results and cut its anticipated fiscal year 2023 revenue to between $1.225 billion and $1.235 billion, down from between $1.275 billion and $1.285 billion. Analysts from Truist Securities, Stifel, RBC Capital, Goldman Sachs, Bank of America Securities, Mizuho, Wells Fargo, Raymond James, Barclays, Needham, Deutsche Bank, and Piper Sandler have all adjusted their price targets for ZI.

Portfolio Pulse from Erica Kollmann

August 04, 2023 | 9:47 am

HWM

Howmet Aerospace Inc (NYSE:HWM) reported Q2 FY23 revenue growth of 18% YoY to $1.65 billion, beating the consensus of $1.61 billion. The revenue increase was driven by growth in the commercial aerospace market of 23%. Adjusted EPS improved to $0.44, beating the consensus of $0.43. The company also raised its FY23 outlook and intends to increase the quarterly dividend from $0.04 to $0.05 per share beginning 4Q23. Despite the positive report, HWM shares are trading lower by 4.7%.

Portfolio Pulse from Akanksha Bakshi

August 04, 2023 | 9:47 am

MAR

Marriott International Inc (NASDAQ:MAR) reported Q2 FY23 sales growth of 14% YoY to $6.08 billion, beating the analyst consensus. The company also raised its FY23 outlook. In Q2, Marriott repurchased 5.2 million shares of common stock for $903 million and returned $2.6 billion to shareholders year-to-date through July 28.

Portfolio Pulse from Shivani Kumaresan

August 04, 2023 | 9:46 am

SPIKE

TSLA

Tesla, Inc (NASDAQ:TSLA) is currently trading in a consolidation pattern, with a triple inside bar pattern indicating a potential continuation move in the direction of the current trend. The stock has been trading sideways ahead of big-tech earnings week, with Advanced Micro Devices, Inc, Apple, Inc, and Amazon.com, Inc set to report. Tesla's moves lower are seen as a sign of bulls taking profits rather than bears regaining control. If Tesla confirms a new downtrend, it could increase volatility in the stock market, which could be traded using MIAX's SPIKES Volatility products.

Portfolio Pulse from Melanie Schaffer

August 04, 2023 | 9:46 am

AAL

Shares of American Airlines Group Inc (NASDAQ:AAL) are trading lower by 3.85% to $16.10 during Tuesday's session. This is in sympathy with JetBlue, which fell after issuing weak guidance. JetBlue's Q2 FY23 results showed a 6.7% YoY growth in operating revenue, reaching $2.61 billion, and a substantial improvement in operating income. AAL has a 52-week high of $19.08 and a 52-week low of $11.65.

Portfolio Pulse from Henry Khederian

August 04, 2023 | 9:46 am

TGTX

TG Therapeutics Inc's shares have dropped over 40% after reporting Q2 FY23 Briumvi net sales of $16 million in the U.S., missing the consensus of $17.45 million. The company also reported a Q2 EPS loss of $(0.34), up from $(0.30) a year ago, missing the consensus of $(0.25). Concurrently, the company announced an agreement with Neuraxpharm for the ex-U.S. commercialization of Briumvi in RMS, which strengthens the balance sheet with a pro-forma cash balance of approximately $285 million.

Portfolio Pulse from Vandana Singh

August 04, 2023 | 9:46 am

UAL

United Airlines Holdings Inc (NASDAQ:UAL) shares are trading lower by 2.89% to $52.74. This is in sympathy with JetBlue, which fell after issuing weak guidance. JetBlue's Q2 FY23 results showed a 6.7% YoY growth in operating revenue, reaching $2.61 billion, and a substantial improvement in operating income. UAL has a 52-week high of $58.23 and a 52-week low of $31.58.

Portfolio Pulse from Henry Khederian

August 04, 2023 | 9:45 am