Streetbeat News

Revenues

CAC

Camden National (NASDAQ:CAC) reported Q1 2024 adjusted EPS of $0.86, surpassing the $0.70 estimate, but sales of $41.595M fell short of the $41.886M estimate. This represents an 11.34% decrease in earnings and a 5.78% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 12:13 pm

ETHUSD

PEPEUSD

SHIBUSD

Revolut's customers have significantly increased their holdings in Pepe (PEPE), surpassing Ethereum (ETH) in total holdings. PEPE's price is down 1.3% despite a 309% increase in holdings and a 1,700% increase in dollar value. Shiba Inu (SHIB) also saw growth, with a 23% increase in tokens and a 300% increase in dollar value. Large transaction volumes for PEPE have grown by 11.2%, and 71% of PEPE holders remain in profit despite a 15.5% price drop over the past month. Traders are optimistic about PEPE's potential for a breakout.

Portfolio Pulse from Khyathi Dalal

April 30, 2024 | 12:10 pm

FSS

Federal Signal reaffirmed its full-year net sales outlook of $1.85B-$1.90B, aligning with the estimated $1.879B. The company reports strong demand for its products and aftermarket offerings, with record-setting orders and backlog this quarter.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 12:05 pm

IPGP

IPG Photonics projects Q2 revenue to be between $240M-$270M, below the estimated $273.07M, with EPS ranging from $0.30-$0.60 versus the expected $0.68. The company's book-to-bill ratio was slightly above one, indicating potential stabilization and modest improvement in industrial demand later in the year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 12:05 pm

BGC

BGC Group reported Q1 2024 earnings of $0.25 per share, meeting analyst estimates, but missed sales forecasts with $578.614M versus the expected $585M. This represents an 8.59% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 12:04 pm

TSLA

Tesla Inc's (NASDAQ:TSLA) vehicle registrations in California dropped 8% in Q1, marking a second consecutive quarterly decline. Despite this, Tesla's Model Y remains the best-selling EV in the state. Overall, BEV registrations in California increased by 2.8%, with luxury brands and Rivian Automotive seeing gains. Tesla's market share within the BEV segment decreased to 55.4% from 61.8%. Globally, Tesla's deliveries fell 8.5% year-on-year in Q1, the first quarterly drop in about four years. CEO Elon Musk anticipates higher sales for the year compared to 2023.

Portfolio Pulse from Anan Ashraf

April 30, 2024 | 12:03 pm

BYON

Analyst ratings for Beyond Inc (NYSE:BYON) show a mix of bullish to bearish sentiments, with a notable positive shift in the average 12-month price target to $37.85, up 37.64% from the previous $27.50. Recent analyst actions include maintaining, raising, and lowering ratings and price targets, reflecting changing market conditions and company performance. Beyond Inc, an online retailer, faces revenue challenges with a -5.05% decline over 3 months and struggles in profitability and asset utilization, indicated by low net margin and ROA.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 12:01 pm

SYY

Sysco (NYSE:SYY) reported Q3 adjusted earnings of $0.96 per share, surpassing the $0.95 estimate, marking a 6.67% year-over-year increase. However, its sales of $19.38B fell short of the $19.74B estimate, a 2.67% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 12:01 pm

ESI

Element Solutions (NYSE:ESI) has received mixed evaluations from 5 analysts over the past three months, with recent ratings showing a bullish trend. The average 12-month price target has been raised to $26.4, indicating an 8.2% increase from the previous target. Analysts from firms like Mizuho and Goldman Sachs have adjusted their ratings and price targets, reflecting a positive outlook on ESI's performance. Despite facing revenue decline and a lower market capitalization, ESI demonstrates strong profitability with a high net margin and ROE, and effective asset utilization with a notable ROA.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 12:01 pm

TPX

Tempur Sealy Intl (NYSE:TPX) has seen varied analyst ratings over the last three months, with a recent shift towards a more bullish outlook. The average 12-month price target for TPX has increased by 17.4% to $66.33. Recent analyst actions include maintaining and raising ratings, with price targets ranging from $60.00 to $75.00. Despite facing revenue challenges with a -1.42% decline over 3 months, TPX exhibits strong financial health indicators such as a high net margin of 6.59% and an impressive ROE of 28.69%. However, its debt-to-equity ratio of 10.1 indicates a higher level of debt.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 12:01 pm