Streetbeat News

Revenues

JBLU

JetBlue's CEO expressed confidence in achieving full-year operating profitability by 2025, citing a positive supply and demand backdrop. However, significant work remains to reach this goal.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 2:13 pm

SYY

Sysco Corporation's Q1 sales exceeded expectations, leading to a rise in share price despite lower-than-expected earnings. The company reported a 4.4% increase in sales and a modest rise in operating income. Sysco reiterated its FY25 outlook, projecting sales growth of 4%-5% and adjusted EPS growth of 6%-7%.

Portfolio Pulse from Nabaparna Bhattacharya

October 29, 2024 | 2:13 pm

UBER

Uber Technologies Inc is set to release its Q3 earnings report, with expectations of continued growth in its Mobility and Delivery segments. The company reported strong Q2 results, with a 16% revenue increase and significant EPS outperformance. Investors are keen to see if Uber can maintain its growth trajectory amid macroeconomic pressures and increased competition.

Portfolio Pulse from Henry Khederian

October 29, 2024 | 2:12 pm

JBLU

JetBlue Airways reported a Q3 adjusted loss per share of $0.16, beating expectations, with revenue slightly up at $2.365 billion. Despite improved operational performance, the company anticipates a Q4 revenue decline and a decrease in available seat miles. JetBlue aims to return to operating profitability, with strategic initiatives and sustainable fuel agreements in place.

Portfolio Pulse from Akanksha Bakshi

October 29, 2024 | 2:07 pm

MLM

Analysts have mixed ratings for Martin Marietta Materials (NYSE:MLM), with recent price target adjustments reflecting varied sentiments. The average 12-month price target is $624.12, slightly down from the previous $631.62. Despite a decline in revenue growth, the company maintains strong net margins and balanced debt management.

Portfolio Pulse from Benzinga Insights

October 29, 2024 | 2:01 pm

ROST

Ross Stores (NASDAQ:ROST) has received mixed evaluations from 12 analysts over the past three months, with a positive shift in average price targets. Analysts have raised their price targets, reflecting optimism about the company's financial health, including strong revenue growth, net margin, and return on equity. Ross Stores operates over 1,750 stores, primarily targeting middle-income consumers.

Portfolio Pulse from Benzinga Insights

October 29, 2024 | 2:01 pm

BOH

Analysts have provided mixed reviews on Bank of Hawaii (NYSE:BOH) over the past three months, with a recent increase in the average 12-month price target. Despite challenges in revenue growth and net margin, the company shows strong return on equity. Analysts have adjusted their ratings and price targets, reflecting their evolving perceptions of the company's market standing.

Portfolio Pulse from Benzinga Insights

October 29, 2024 | 2:01 pm

SPY

The USA CB Consumer Confidence index for October rose to 108.7, significantly surpassing the estimated 99.5 and the revised prior figure of 99.2. This indicates a stronger consumer sentiment than anticipated.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 2:01 pm

SSTK

Shutterstock (NYSE:SSTK) has received mixed analyst ratings over the past three months, with a majority being bullish. The average 12-month price target has decreased by 7.41% to $56.25. Financially, Shutterstock shows strong net margins and ROE, but faces challenges in revenue growth compared to peers.

Portfolio Pulse from Benzinga Insights

October 29, 2024 | 2:01 pm

DBCCF

Decibel Cannabis Company Inc. has acquired AgMedica Bioscience Ltd. through a $6.3 million unsecured convertible debenture. The acquisition is expected to expand Decibel's international footprint and contribute significantly to its revenue and EBITDA in 2025. Decibel also announced a private placement and provided Q3 2024 financial guidance.

Portfolio Pulse from Nina Zdinjak

October 29, 2024 | 2:00 pm