Streetbeat News

Revenues

CCB

Coastal Financial (NASDAQ:CCB) reported Q3 2024 earnings per share of $0.97, surpassing the analyst estimate of $0.95. However, their sales of $152.255 million fell short of the expected $154.262 million.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 1:30 pm

APA

FANG

KOS

LBRT

MRO

OIH

PUMP

USO

VTLE

XLE

XOP

Crude oil prices dropped over 6% following Israeli airstrikes in Iran, impacting U.S. energy stocks and sector ETFs. The United States Oil Fund (USO) saw a significant decline, and major energy ETFs like XLE, XOP, and OIH also experienced losses. Analysts predict oil prices will remain under pressure due to geopolitical tensions, China's declining demand, and potential OPEC+ production increases.

Portfolio Pulse from Piero Cingari

October 28, 2024 | 1:27 pm

CPAY

Corpay, Inc. (NYSE:CPAY) announced its preliminary Q3 2024 financial results, reporting adjusted EPS of $5.00, beating estimates of $4.96, and revenue of $1.29 billion, surpassing the $1.03 billion estimate. The company reiterated its full-year adjusted EPS guidance of $19.00.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 1:18 pm

FMX

Fomento Economico (NYSE:FMX) reported Q3 2024 earnings per share of $0.84, missing the consensus estimate of $1.06 by 20.75%. However, sales were $10.402 billion, surpassing the $10.143 billion estimate, despite a 5.64% decrease from last year's $11.024 billion.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 1:07 pm

SJW

SJW Group reported Q3 earnings of $1.18 per share, surpassing the $1.17 estimate, and sales of $225.06M, exceeding the $213.50M estimate. This marks a 4.42% increase in earnings and a 9.87% increase in sales compared to the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 1:03 pm

TSCO

Tractor Supply (NASDAQ:TSCO) has received diverse analyst ratings over the past three months, with a mix of bullish and neutral sentiments. The average 12-month price target has increased by 5.37% to $299.42. Analysts have adjusted their ratings and price targets, reflecting their perceptions of the company's current state. Despite a recent decline in revenue growth, Tractor Supply shows strong profitability, effective cost management, and financial health.

Portfolio Pulse from Benzinga Insights

October 28, 2024 | 1:01 pm

NIO

In the past three months, four analysts have provided ratings for NIO, ranging from bullish to bearish. The average 12-month price target for NIO has increased by 7.18% to $6.72. Analysts have adjusted their ratings and price targets based on market conditions and company performance. NIO, a leading electric vehicle maker, has shown significant revenue growth but faces challenges with its ROE, ROA, and high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

October 28, 2024 | 1:01 pm

PRCH

Porch Group, Inc. has received approval from the Texas Department of Insurance to form and license Porch Insurance Reciprocal Exchange (PIRE), a new homeowners insurance reciprocal exchange. This move is part of Porch's strategy to increase profitability and stabilize earnings by reducing exposure to claims and weather risks. Porch will contribute $10 million to capitalize PIRE and plans to sell Homeowners of America Insurance Company to PIRE by January 2025. Porch will manage PIRE's operations and earn commissions and fees.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 12:37 pm

PRCT

PROCEPT BioRobotics shares rose following the announcement of better-than-expected Q3 financial results and an increase in FY24 revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 12:36 pm

REAL

The RealReal has increased its FY24 revenue guidance to $595M-$602M, up from the previous range of $580M-$595M, surpassing the estimated $585.204M.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 12:35 pm