Streetbeat News

Revenues

LOGI

Logitech's CEO anticipates a low single-digit growth in the computer peripherals market for the October-December quarter. The European market is expected to remain flat, while there is higher consumer demand in China. Logitech is investing in R&D and marketing to expand its business in China.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 2:30 pm

CORZ

Core Scientific Inc (NASDAQ:CORZ) shares are trading higher after CoreWeave exercised the final option of a hosting contract, adding $2 billion in projected revenue. This positions Core Scientific to provide 500 MW of IT load for HPC infrastructure by 2026.

Portfolio Pulse from Adam Eckert

October 22, 2024 | 2:19 pm

PII

Polaris Inc. (NYSE:PII) reported disappointing Q3 results, missing earnings and sales estimates, leading to a 5.16% drop in stock price. The company revised its 2024 outlook downward, expecting a 20% sales decline and a 65% drop in EPS compared to 2023.

Portfolio Pulse from Nabaparna Bhattacharya

October 22, 2024 | 2:09 pm

GPC

Genuine Parts Co (NYSE:GPC) reported mixed Q3 earnings with a significant miss on EPS and a lowered annual outlook, leading to an 18.50% drop in stock price. Sales grew slightly, but profit margins contracted due to industrial weakness and challenges in Europe.

Portfolio Pulse from Anusuya Lahiri

October 22, 2024 | 2:06 pm

AMZN

Amazon.com (NASDAQ:AMZN) has significantly outperformed the market over the past 20 years, with an annualized return of 26.52%. A $100 investment in AMZN 20 years ago would be worth $10,941.46 today. This highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

October 22, 2024 | 2:04 pm

MEDP

Medpace Holdings (NASDAQ:MEDP) has significantly outperformed the market over the past 5 years, with an average annual return of 32.96%. A $100 investment in MEDP 5 years ago would now be worth $424.57, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

October 22, 2024 | 2:04 pm

KMB

Kimberly-Clark's shares fell due to disappointing Q3 revenue results and a reduction in FY24 organic net sales guidance, attributed to changes in retail inventory levels.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 2:03 pm

ACVA

Analysts have mixed ratings for ACV Auctions (NASDAQ:ACVA), with recent evaluations showing a bullish trend. The average 12-month price target has increased to $23.2, reflecting a 5.45% rise. Despite positive revenue growth, ACV Auctions faces challenges with profitability and returns.

Portfolio Pulse from Benzinga Insights

October 22, 2024 | 2:01 pm

AMRC

In the past three months, six analysts have provided ratings for Ameresco (NYSE:AMRC), with a mix of bullish and somewhat bullish sentiments. The average 12-month price target has increased by 4.77% to $36.67. Analysts have adjusted their ratings and price targets, reflecting evolving market conditions and company performance. Ameresco has shown significant revenue growth but faces challenges with profitability, asset utilization, and debt management.

Portfolio Pulse from Benzinga Insights

October 22, 2024 | 2:00 pm

CAKE

Analysts have mixed ratings on Cheesecake Factory (NASDAQ:CAKE) with a range of bullish to bearish perspectives. Recent price targets average $43.1, with a high of $51.00 and a low of $35.00. The company's financial performance shows strong net margins and ROE, but a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

October 22, 2024 | 2:00 pm