Streetbeat News

Revenues

CPT

Camden Property Trust (NYSE:CPT) has received mixed analyst ratings over the past three months, with a majority being indifferent. Recent price targets show an upward trend, with an average target of $124.47, reflecting an 11.19% increase from the previous average. Camden's financials show strong net margins and ROE, but revenue growth lags behind industry peers.

Portfolio Pulse from Benzinga Insights

October 11, 2024 | 12:00 pm

WFC

Wells Fargo reported a Q3 2024 net income of $5.11 billion, down 11.3% year-over-year, with a GAAP EPS of $1.42 beating expectations. Revenue fell 2% to $20.37 billion. Net interest income dropped 11% due to higher funding costs, but noninterest income rose 12% due to higher investment banking fees and other factors. The company expects a 9% decline in net interest income for 2024. WFC stock rose 3% in premarket trading.

Portfolio Pulse from Vandana Singh

October 11, 2024 | 11:47 am

ROCK

Gibraltar Industries reported preliminary Q3 net sales of $359M-$362M, below the estimated $395.47M. Adjusted EPS is expected to be $1.25-$1.28, also below the estimated $1.46. The company anticipates a decline in net sales and EPS compared to last year.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 11:44 am

GLD

SPY

USO

U.S. markets closed lower due to conflicting economic data, with inflation higher than expected and rising jobless claims. This has led to speculation of a potential Federal Reserve rate cut in November. Most S&P 500 sectors saw losses, while energy and materials stocks rose. Asian and European markets showed mixed results, with notable declines in China's indices. Commodities saw a dip in crude oil prices, while gold rose above $2,650.

Portfolio Pulse from Akanksha Bakshi

October 11, 2024 | 11:40 am

PSNY

Polestar anticipates its 2024 revenue to be similar to 2023 and aims for a positive gross profit margin in Q4. The company reaffirms its goal of reaching cash flow break-even by the end of 2025, albeit at a lower volume than previously targeted.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 11:36 am

PSNY

Polestar reported delivering 11,900 cars in Q3 and a total of 32,300 cars year-to-date by the end of September.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 11:35 am

ROCK

Gibraltar Industries has revised its FY24 outlook due to ongoing challenges in the solar industry and a slowdown in the residential market. These headwinds are impacting its renewables business.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 11:31 am

AOS

A. O. Smith reported preliminary Q3 EPS of $0.82, missing the estimated $0.95 and marking a 9% year-over-year decrease. The company anticipates continued softness in the Chinese market through 2024.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 11:00 am

AOS

A. O. Smith reported preliminary Q3 sales of $903 million, missing the estimated $957.73 million and marking a 4% year-over-year decline. The decrease is attributed to lower sales in China and North America water heating.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 10:57 am

JPM

JPMorgan Chase reported a Q3 net revenue of $42.654 billion, surpassing the estimated $41.649 billion.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 10:54 am