Streetbeat News

Revenues

MGOL

MGO Global (NASDAQ:MGOL) reported a significant decline in its Q2 financial performance, with EPS dropping to $(1.33) from $(0.61) YoY and sales decreasing to $1.43M from $1.72M YoY.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 12:37 pm

REBN

Reborn Coffee reported a Q2 EPS of $(1.05), an improvement from $(1.37) year-over-year, while revenue decreased to $1.4M from $1.5M.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 12:36 pm

TLS

Telos Corporation has been awarded a $12.5 billion IDIQ contract for base infrastructure modernization by the Department of the Air Force. The contract will involve modernizing and maintaining network infrastructure globally, with work expected to continue until 2034.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 12:14 pm

SPY

TSLA

Tesla shares are underperforming due to high interest rates, expensive cars, and management issues. Portfolio manager Bill Davis highlights Tesla's absence in the low-end market, price discounting affecting margins, and CEO Elon Musk's management style as key concerns. The upcoming robotaxi launch could impact Tesla's future performance.

Portfolio Pulse from Shanthi Rexaline

August 20, 2024 | 12:07 pm

AVDX

AvidXchange Holdings (NASDAQ:AVDX) has seen a range of analyst ratings over the past three months, with most analysts lowering their price targets. The average price target has decreased from $13.80 to $10.9, reflecting a 21.01% decline. Despite a 15.33% revenue growth, AvidXchange faces challenges with low net margins, ROE, and ROA compared to industry averages.

Portfolio Pulse from Benzinga Insights

August 20, 2024 | 12:01 pm

SAH

Analysts have mixed ratings for Sonic Automotive (NYSE:SAH), with recent evaluations showing a slight bullish trend. The average 12-month price target has increased by 3.57% to $65.25. Sonic Automotive's financial performance shows strong net margin, ROE, and ROA, but a recent revenue decline of 5.47%.

Portfolio Pulse from Benzinga Insights

August 20, 2024 | 12:01 pm

CALX

Calix (NYSE:CALX) has received predominantly bullish ratings from analysts over the past three months, with an average 12-month price target of $45.0, up 11.69% from the previous target. Analysts have raised their price targets, reflecting positive sentiment despite Calix's revenue challenges and below-average ROE.

Portfolio Pulse from Benzinga Insights

August 20, 2024 | 12:01 pm

KRG

Analysts have mixed ratings for Kite Realty Group Trust (NYSE:KRG), with recent upgrades in price targets. The average 12-month price target is $26.25, reflecting a 9.38% increase. Despite positive revenue growth, KRG faces challenges with low net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

August 20, 2024 | 12:00 pm

MYNA

Mynaric's shares are experiencing a decline following the company's decision to lower its fiscal year 2024 guidance.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 12:00 pm

JWN

Nordstrom (NYSE:JWN) has received mixed analyst ratings over the past three months, with most analysts being indifferent or somewhat bearish. The average 12-month price target has increased by 9.48% to $19.86. Nordstrom has shown a positive revenue trend but faces challenges with its net margin, ROE, ROA, and high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

August 20, 2024 | 12:00 pm