Streetbeat News

Earnings

MRK

MRNA

Merck & Company (NYSE:MRK) is set to report its Q2 financial results, with analysts expecting a revenue of $14.387 billion and a loss of $2.17 per share. The company's Keytruda cancer immunotherapy is in focus, with recent trial results suggesting further applications and increased revenue possibilities. Merck has also reported data from two late-stage studies for its pneumococcal conjugate vaccine and results from a midstage trial for a cancer vaccine being developed with Moderna Inc (NASDAQ:MRNA).

Portfolio Pulse from Chris Katje

July 31, 2023 | 4:34 pm

ACHR

AMC

GDRX

NEWR

NKLA

SOFI

SYM

Several US stocks recorded gains on Monday, with Archer Aviation, GoodRx Holdings, Fifth Wall Acquisition Corp., Xiao-I Corporation, Symbotic, SoFi Technologies, Nikola Corporation, Innoviz Technologies, Aurora Acquisition Corp., Canoo, 2U, Faraday Future Intelligent Electric, New Relic, Palantir Technologies, AMC Entertainment Holdings, BlackBerry, and Roku all seeing significant increases. Notable events include Archer Aviation's contracts with the US Air Force, GoodRx's upgrade by TD Cowen, Symbotic and SoFi's better-than-expected results, Nikola's agreement with J.B. Hunt Transport, New Relic's acquisition by Francisco Partners and TPG, and AMC's record admissions revenue.

Portfolio Pulse from Lisa Levin

July 31, 2023 | 4:13 pm

META

Meta Platforms Inc's shares are trading lower by 0.99% following the company's recent earnings report. The company reported Q2 revenue of $32 billion, surpassing the Street consensus estimate of $31.12 billion, and earnings per share of $2.98, beating the estimate of $2.91. User engagement also increased, with family daily active people reaching 3.07 billion and family monthly active people reaching 3.88 billion.

Portfolio Pulse from Henry Khederian

July 31, 2023 | 4:04 pm

HWM

Howmet Aerospace (NYSE:HWM) is set to release its latest quarterly earnings report on August 1, 2023. Analysts estimate an earnings per share (EPS) of $0.43. The company's past performance shows a mixed impact on the share price post-earnings announcement. The stock is currently trading at $50.43 and has seen a 36.88% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 4:03 pm

ARES

Ares Management (NYSE:ARES) is set to release its latest quarterly earnings report on Tuesday, 2023-08-01. Analysts estimate an earnings per share (EPS) of $0.84. The company's past performance shows a mixed record of beating and missing EPS estimates. The stock price has risen 37.03% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 4:03 pm

IT

Gartner (NYSE:IT) is set to release its latest quarterly earnings report on August 1, 2023. Analysts estimate an earnings per share (EPS) of $2.48. The company's past performance shows it beat EPS estimates last quarter, resulting in a 1.28% increase in share price the next day. Gartner's shares were trading at $350.86 as of July 28, with a 52-week increase of 21.75%.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 4:03 pm

IQV

IQVIA Hldgs (NYSE:IQV) is set to release its latest quarterly earnings report on August 1, 2023. Analysts estimate an earnings per share (EPS) of $2.37. The company's past performance shows a trend of beating EPS estimates, which has generally led to an increase in share price. However, the stock has seen a 3.85% decrease over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 4:03 pm

AME

AMETEK (AME) is set to release its quarterly earnings report on August 1, 2023. Analysts estimate an EPS of $1.52. The company's past performance shows a mixed impact on the share price post-earnings announcement. AMETEK's shares were trading at $158.25 as of July 28, with a 26.86% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 4:02 pm

LUV

Southwest Airlines Co (NYSE:LUV) shares are trading higher by 2.08% to $34.40 after reporting mixed Q2 results. The company missed the analyst consensus estimate for earnings per share by 0.91%, but surpassed the sales estimate by 0.82%. CEO Bob Jordan stated that the company is making changes to align with the current business environment and adapt to post-pandemic shifts in customer travel patterns.

Portfolio Pulse from Henry Khederian

July 31, 2023 | 4:02 pm

EHC

Encompass Health (NYSE:EHC) is set to release its latest quarterly earnings report on August 1, 2023. Analysts estimate an earnings per share (EPS) of $0.74. The company's past performance shows a trend of beating EPS estimates, which has generally led to an increase in share price. The company's shares were trading at $66.07 as of July 28, with a 52-week increase of 28.94%.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 4:02 pm