Streetbeat News

Earnings

CIVB

Civista Bancshares (NASDAQ:CIVB) reported Q2 earnings of $0.64 per share, missing the analyst consensus estimate of $0.72 by 11.11%. However, the company's quarterly sales of $43.30 million beat the estimate of $42.75 million by 1.29%. This represents a 20.75% increase in earnings and a 44.80% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 12:32 pm

BEN

Franklin Resources (NYSE:BEN) reported Q3 adjusted earnings of $0.63 per share, beating the analyst consensus estimate of $0.60 by 5%. However, this is a 23.17% decrease from the same period last year. The company also reported quarterly sales of $1.97 billion, surpassing the analyst consensus estimate of $1.90 billion by 3.52%, but this is a 3.05% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 12:32 pm

CHCI

FOR

FPH

VNO

Four real estate stocks, Five Point Holdings (FPH), Vornado Realty Trust (VNO), Forestar Group (FOR), and Comstock Holding Companies (CHCI), are considered overbought with RSI values above 70, indicating they may be overvalued. FPH and VNO saw their shares fall, while CHCI's shares rose. FOR's shares fell slightly despite upbeat Q3 results.

Portfolio Pulse from Lisa Levin

July 28, 2023 | 12:31 pm

LUV

Southwest Airlines reported Q2 FY23 operating revenue growth of 4.6% YoY to $7.04 billion, beating consensus of $6.98 billion. However, adjusted EPS was $1.09, missing the consensus of $1.10. Following the results, several analysts including Deutsche Bank, Raymond James, Barclays, and B of A Securities downgraded the stock and lowered their price targets. Southwest shares fell 8.9% to close at $33.02 on Thursday.

Portfolio Pulse from Lisa Levin

July 28, 2023 | 12:23 pm

NMRK

Newmark Group's Q2 adjusted earnings per share of $0.18 missed the analyst consensus estimate of $0.21 by 14.29%, a 60.87% decrease from the same period last year. However, the company's quarterly sales of $585.84 million beat the analyst consensus estimate of $558.87 million by 4.83%, despite a 22.44% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 12:09 pm

CVX

PDCE

Chevron Corp reported Q2 FY23 total revenues of $48.896 billion, beating the consensus of $48.80 billion. However, sales and other operating revenues fell to $47.2 billion from $65.4 billion a year ago, mainly due to lower commodity prices. Adjusted net earnings were $5.78 billion, with Adjusted EPS being $3.08, missing the consensus of $3.28. The company declared a quarterly dividend of $1.51 per share. Chevron also held cash and equivalents of $9.6 billion as of June 30, 2023.

Portfolio Pulse from Lekha Gupta

July 28, 2023 | 12:08 pm

CMLS

Cumulus Media reported Q2 earnings per share of $(0.06), beating the analyst consensus estimate of $(0.37) by 83.78%. This is a 114.29% decrease from the same period last year. The company also reported quarterly sales of $210.14 million, beating the analyst consensus estimate of $208.78 million by 0.65%. This is a 11.24% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 12:04 pm

GNTX

Gentex reported Q2 earnings of $0.47 per share, beating the analyst consensus estimate of $0.41 by 14.63%. The company also reported quarterly sales of $583.47 million, surpassing the analyst consensus estimate of $554.56 million by 5.21%. This represents a 51.61% increase in earnings and a 25.91% increase in sales compared to the same period last year.

Portfolio Pulse from Bill Haddad

July 28, 2023 | 12:03 pm

FHB

First Hawaiian (NASDAQ:FHB) reported Q2 earnings of $0.49 per share, missing the analyst consensus estimate of $0.50 by 2 percent. The company also reported quarterly sales of $207.20 million, missing the analyst consensus estimate of $211.99 million by 2.26 percent. However, both earnings and sales have increased compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 12:03 pm

OPY

Oppenheimer Hldgs (NYSE:OPY) reported Q2 losses of $(0.85) per share, a 165.63% decrease YoY. However, the company's sales increased by 29.08% to $306.20 million.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 12:02 pm