Streetbeat News

Revenues

Electronic Arts (EA) forecasts Q4 net revenue between $1.625B and $1.925B, with EPS ranging from $0.20 to $0.68. The company anticipates net income to be around $54 million to $183 million.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 9:09 pm

SBUX

Starbucks has reported a 13% increase in its active U.S. Starbucks Rewards membership during Q1, reaching 34.3 million members compared to the previous year.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 9:07 pm

GOOG

GOOGL

Alphabet reported Q4 2023 Google Cloud revenue of $9.192 billion, indicating the performance of its cloud segment.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 9:06 pm

GOOG

GOOGL

Alphabet reported its Q4 2023 Cloud Services Revenue at $76.311 billion, showcasing the performance of its cloud segment.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 9:05 pm

MSFT

Microsoft reported its Q3 earnings with Intelligent Cloud Revenue at $25.9B, Productivity and Business Processes at $19.2B, and More Personal Computing Revenue also at $25.9B.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 9:05 pm

WSC

Analyst ratings for WillScot Mobile Mini (NASDAQ: WSC) have varied over the last quarter, with recent updates showing a mix of bullish and indifferent stances. The average 12-month price target is $52.00, with high and low estimates of $57.00 and $45.00, respectively. Analysts from Deutsche Bank, Oppenheimer, Morgan Stanley, and Stifel have recently adjusted their ratings and price targets. WillScot Mobile Mini specializes in flexible workspace and portable storage solutions, with the majority of its revenue from the US. The company has shown a revenue growth rate of 4.64%, a net margin of 15.13%, an ROE of 6.65%, and an ROA of 1.55%, but carries a high debt-to-equity ratio of 2.84.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 8:00 pm

JKHY

Analysts have varying opinions on Jack Henry & Associates (NASDAQ:JKHY), with 4 recent ratings ranging from bullish to indifferent. The average 12-month price target is $175.00, with a high of $186.00 and a low of $161.00, reflecting a slight increase from the previous average of $174.00. Jack Henry provides services to banks and credit unions and has shown a revenue growth of 7.97% as of September 30, 2023. The company has a strong net margin of 17.8%, an ROE of 6.22%, an ROA of 3.69%, and a low debt-to-equity ratio of 0.15.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 8:00 pm

BMRN

Biomarin Pharmaceutical (NASDAQ:BMRN) received mixed analyst ratings over the past three months, with a recent average price target of $106.00, down from $117.71. Analysts from firms including Baird, Stifel, RBC Capital, BMO Capital, Piper Sandler, Morgan Stanley, Barclays, and Cantor Fitzgerald have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. BioMarin focuses on rare-disease therapies and has seen a revenue growth rate of 15.04% as of September 30, 2023. The company's market capitalization is below the industry average, but it has a strong net margin of 6.95%, an exceptional ROE of 0.83%, and an impressive ROA of 0.61%, with a conservative debt-to-equity ratio of 0.22.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 7:00 pm

AMD

DHR

DIA

GOOGL

LCID

MSCI

MSFT

QQQ

SLB

SPY

UPS

XLF

XLK

US stocks showed mixed performance ahead of key tech earnings and the Fed meeting. The S&P 500 and Nasdaq 100 dipped, while the Dow edged up. Microsoft, Alphabet, and AMD are set to report earnings. Economic data showed higher job openings and home prices, but below expectations. UPS shares fell after a revenue miss and job cuts, while GM surged on strong results and outlook. Danaher, MSCI, and Lucid also rose, but Schlumberger fell with the oil sector. ETFs SPY, DIA, and QQQ moved in line with their indices, and sector funds XLF and XLK reflected financial and tech sector performance.

Portfolio Pulse from Piero Cingari

January 30, 2024 | 6:31 pm

AMZN

DIS

NFLX

Amazon has introduced ads on Prime Video, causing some Prime members to cancel their subscriptions. Despite this, Amazon expects Prime membership growth to continue with high renewal rates. Analysts predict $6.6 to $8.0 billion in incremental revenue from the worldwide launch of the ad-inclusive plan. Amazon's ad revenue in Q3 saw a 26% increase from the previous year. The company believes the ad model will boost advertising and subscription revenue, contrasting with ad-free models from Netflix and Disney+. Bank of America analyst Justin Post expects significant benefits for Amazon from this change. AMZN shares dropped 1.40% to $159.01.

Portfolio Pulse from Anusuya Lahiri

January 30, 2024 | 6:31 pm