Streetbeat News

Revenues

SPY

Federal Reserve Chairman Jerome Powell attributed much of the current economic growth to improvements in the labor market and the resolution of supply chain issues. He indicated that the economy is experiencing a post-pandemic healing process.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 7:53 pm

PFE

Pfizer (NYSE:PFE) has received mixed analyst ratings over the past three months, with 8 analysts offering varied opinions. The average 12-month price target is $41.25, up 12.49% from the previous $36.67. Analysts from firms including Cantor Fitzgerald, TD Cowen, Truist Securities, UBS, and Barclays have maintained or lowered their price targets, with ratings ranging from 'Overweight' to 'Neutral'. Pfizer's financials show a revenue decline of -41.55% as of September 30, 2023, a net margin of -18.0%, ROE of -2.43%, ROA of -1.09%, and a debt-to-equity ratio of 0.66.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 7:00 pm

ENVA

Enova International (NYSE:ENVA) has received mixed analyst ratings over the past three months, with 2 somewhat bullish and 2 indifferent ratings. The average 12-month price target for ENVA is $62.75, up from the previous $59.00, with a high estimate of $73.00 and a low of $57.00. Analysts from JMP Securities and BMO Capital have raised their price targets, reflecting a positive outlook on the company's performance. Enova provides online financial services and has shown a revenue growth rate of 20.86% as of September 30, 2023. However, it has a below-industry-average net margin of 7.49% and ROE of 3.29%, but an exceptional ROA of 1.03% and a conservative debt-to-equity ratio of 1.96.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 7:00 pm

MBUU

Analyst ratings for Malibu Boats (NASDAQ:MBUU) show a mix of bullish and somewhat bullish sentiments, with recent price target adjustments reflecting a lower average target of $53.00, down from $57.33. The ratings and targets come from analysts at Raymond James, Keybanc, Baird, and Truist Securities, with actions ranging from maintaining to raising and lowering targets. Malibu Boats is a leading boat manufacturer with a strong market position, but it has faced a revenue decline of -15.35% over the last quarter. Despite this, the company has a high net margin and ROE, indicating strong profitability and financial management.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 7:00 pm

NAVI

Navient Corporation (NASDAQ:NAVI) reported Q4 FY23 adjusted revenues of $193 million, missing consensus estimates of $201.17 million, and adjusted earnings of $0.21 per share, below the expected $0.75. The company's net interest income fell due to rising interest rates and loan portfolio paydowns. Navient announced plans to outsource student loan servicing, explore strategic options for its business processing division, and streamline its infrastructure. Shares fell by 1.06% to $17.76.

Portfolio Pulse from Nabaparna Bhattacharya

January 31, 2024 | 6:26 pm

NVO

Novo Nordisk has indicated that demand for its obesity drug Wegovy will continue to outstrip supply, leading to potential difficulties for patients in filling prescriptions.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 6:06 pm

PNR

Seven analysts have recently updated their ratings on Pentair (NYSE:PNR), with an average 12-month price target of $80.57, reflecting a 3.83% increase from the previous target. The ratings range from 'Outperform' to 'Neutral', with price targets adjusted both upwards and downwards. Pentair, a global water treatment leader, reported a revenue decline of -4.39% for the quarter ending September 30, 2023, but maintains a strong net margin of 13.09%. The company's ROE and ROA are below industry averages, and it has a higher debt-to-equity ratio of 0.69.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 6:00 pm

SWKS

Skyworks Solutions (NASDAQ:SWKS) received mixed analyst ratings over the past three months, with an average 12-month price target of $112.78, down 8.2% from the previous $122.86. Analysts' actions include both upgrades and downgrades, reflecting changing market dynamics and company performance. Skyworks Solutions, a semiconductor producer for wireless connectivity, has seen a revenue decline of -13.37% and exhibits financial metrics below industry averages, including net margin and ROE.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 6:00 pm

TRIB

Trinity Biotech reported its Q3 2023 earnings with a loss per ADS of $(0.18), an improvement from $(0.24) YoY. However, revenue decreased to $14.677M from $15.704M YoY.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 5:52 pm

AMD

BA

GOOGL

KRE

NYCB

TLT

Ahead of the FOMC meeting, the Nasdaq 100 and S&P 500 fell due to disappointing earnings from tech companies like Alphabet and AMD. The ADP National Employment Report showed slower job growth, and the VIX rose. Treasury yields fell, boosting the iShares 20+ Year Treasury Bond ETF. The SPDR S&P Regional Banking ETF dropped after New York Community Bancorp reported a loss. Other stocks moved on earnings reports, with Boeing rallying on strong results.

Portfolio Pulse from Piero Cingari

January 31, 2024 | 5:45 pm