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Revenues

HUM

Humana Inc (NYSE:HUM) reported Q2 earnings that beat expectations but issued a subpar profit outlook, causing its stock to tumble. The company posted adjusted EPS of $6.96, down from $8.94 a year ago, but above the consensus of $5.85. Revenues increased to $29.54 billion, driven by higher Medicare premiums and membership growth. Despite favorable claims development, higher inpatient admissions impacted results. Humana reaffirmed its 2024 adjusted EPS guidance of ~$16.00, below the consensus of $20.31, and expects a 2024 insurance segment benefit ratio of approximately 90%. HUM stock fell 6.32% following the announcement.

Portfolio Pulse from Vandana Singh

July 31, 2024 | 2:01 pm

AKA

Analysts have provided mixed ratings for a.k.a. Brands Holding (NYSE:AKA) over the past quarter, with a majority being bullish. The average 12-month price target has increased to $24.5. Despite revenue challenges and below-average financial metrics, analysts maintain a positive outlook.

Portfolio Pulse from Benzinga Insights

July 31, 2024 | 2:00 pm

SPY

The USA Pending Home Sales Index for June increased to 74.3 from a revised 70.9 in the previous month, indicating a rise in pending home sales.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 2:00 pm

GPK

Over the past three months, four analysts have evaluated Graphic Packaging Holding (NYSE:GPK), with opinions ranging from bullish to bearish. The average 12-month price target has increased by 9.39% to $33.55. Analysts from Baird, Truist Securities, Stifel, and Citigroup have adjusted their ratings and price targets, reflecting a positive shift in sentiment. Despite a recent revenue decline of -7.34%, the company shows strong financial health with high net margins, ROE, and ROA, and a conservative debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

July 31, 2024 | 2:00 pm

SPY

USA Pending Home Sales for June increased by 4.8%, significantly surpassing the estimated 1.4% and showing a strong recovery from the revised -1.9% in May.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 2:00 pm

NCLH

Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) reported strong Q2 fiscal 2024 results with a 7.6% sales growth and a 25.3% increase in operating income. The company raised its 2024 guidance for the third time this year, expecting significant growth in Adjusted EPS and EBITDA. Despite missing sales consensus, NCLH beat EPS expectations and saw high occupancy rates.

Portfolio Pulse from Akanksha Bakshi

July 31, 2024 | 1:58 pm

LFSWF

Lifeist Wellness Inc. reported a 49% YoY drop in Q2 net revenue and plans to move away from its legacy cannabis business. The company is selling its subsidiary CannMart Inc. and shifting focus to Mikra Cellular Sciences to become a leading nutraceutical company.

Portfolio Pulse from Jelena Martinovic

July 31, 2024 | 1:55 pm

SPY

The Chicago Purchasing Managers' Index (PMI) for July came in at 45.3, below the estimated 45 and the prior month's 47.4. This indicates a contraction in business activity in the Chicago area.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 1:47 pm

AMZN

GOOG

GOOGL

META

Barry Sternlicht, CEO of Starwood Capital, expressed skepticism about Federal Reserve Chair Jerome Powell's role in the robust U.S. economy, attributing more credit to companies like Amazon, Meta, and Alphabet. Sternlicht emphasized that many jobs in healthcare, government, and education are not influenced by interest rates.

Portfolio Pulse from Benzinga Neuro

July 31, 2024 | 1:42 pm

GRMN

Garmin has revised its FY24 earnings per share (EPS) estimate to $6.00, up from the previous estimate of $5.75. Additionally, the company has increased its revenue forecast to $5.95 billion, compared to the earlier estimate of $5.88 billion.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 1:40 pm