Streetbeat News

Revenues

GSHD

Goosehead Insurance shares rose after reporting better-than-expected Q3 adjusted EPS and raising FY24 revenue guidance. RBC Capital also increased its price target from $95 to $109.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 4:06 pm

RF

Regions Financial (NYSE:RF) has received a range of analyst ratings from bullish to bearish over the past three months. The average 12-month price target has increased by 9.36% to $26.75. Despite a negative revenue trend, the company shows strong ROE and ROA, indicating efficient management.

Portfolio Pulse from Benzinga Insights

October 24, 2024 | 4:01 pm

PKG

Analysts have varied ratings for Packaging Corp of America (NYSE:PKG), with recent upgrades in price targets. The average 12-month price target increased by 8.38% to $240.6. The company shows strong revenue growth but faces challenges in profitability and asset utilization.

Portfolio Pulse from Benzinga Insights

October 24, 2024 | 4:00 pm

GTX

Garrett Motion Inc. (NASDAQ:GTX) reported a 14% decline in Q3 sales, missing expectations, and lowered its FY24 sales guidance due to weak vehicle demand and industry challenges. The company's shares fell 7.58% following the announcement.

Portfolio Pulse from Lekha Gupta

October 24, 2024 | 3:46 pm

COIN

Kraken is set to launch its own blockchain, 'Ink', in early 2025, focusing on decentralized finance (DeFi) applications. This move marks a significant shift for Kraken as it expands beyond its centralized exchange roots. Ink aims to simplify DeFi processes and will integrate DeFi tools into Kraken's Wallet app. Kraken will act as Ink's sequencer, generating revenue from this role, similar to strategies by Binance and Coinbase.

Portfolio Pulse from Murtuza Merchant

October 24, 2024 | 3:40 pm

INTU

Intuit (NASDAQ:INTU) has delivered an impressive annualized return of 18.51% over the past 5 years, outperforming the market by 4.7%. A $100 investment in Intuit 5 years ago would now be worth $233.67, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

October 24, 2024 | 3:30 pm

FN

Fabrinet (NYSE:FN) has significantly outperformed the market over the past decade, with an annualized return of 30.57%. A $100 investment in Fabrinet 10 years ago would now be worth $1,428.23, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

October 24, 2024 | 3:30 pm

DKNG

FOX

FOXA

The 2024 World Series between the Los Angeles Dodgers and New York Yankees could benefit Fox Corporation due to high viewership potential. The series, airing exclusively on Fox, features the two most valuable MLB teams, which could lead to increased ratings and advertising revenue for Fox. DraftKings provides betting odds favoring the Dodgers.

Portfolio Pulse from Chris Katje

October 24, 2024 | 3:14 pm

VZ

Verizon Communications Inc. (NYSE:VZ) shares fell 2.66% to $41.72 after reporting mixed Q3 results. Revenue was flat at $33.33 billion, missing expectations, but EPS slightly beat estimates. Wireless service revenue grew by 2.7%, and broadband subscribers increased by 16%. However, net income dropped due to severance costs.

Portfolio Pulse from Henry Khederian

October 24, 2024 | 3:10 pm

TR

Tootsie Roll Industries reported a decrease in Q3 earnings per share to $0.46 from $0.48 year-over-year, and a decline in sales to $223.89 million from $248.34 million.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 3:08 pm