Streetbeat News

Stock Prices

KBH

KB Home (NYSE:KBH) is expected to release its quarterly earnings report on January 10, 2024. Analysts predict an EPS of $1.70. Investors are looking for an earnings beat and positive guidance for future growth. KB Home's stock performance has been strong, with shares up 74.62% over the last 52 weeks, trading at $62.76 as of January 05. Historical data shows mixed stock price reactions to past earnings performances.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 2:00 pm

BA

DAL

EADSY

Airbus SE has secured a firm order from EVA Air for 18 A350-1000s and 15 A321neos, previously valued at up to $10.1 billion. This comes amid Boeing's quality control issues, with several jets grounded. Airbus is also close to finalizing a deal with Delta Air Lines for additional widebody aircraft, potentially to be announced alongside Delta's Q4 earnings report. Airbus' A350 Family has over 1,000 firm orders, and the new aircraft align with EVA Air's sustainability goals. Airbus shares (EADSY) closed up 3.52% on Monday.

Portfolio Pulse from Nabaparna Bhattacharya

January 09, 2024 | 1:59 pm

TTNP

Trading for TTNP was halted and then resumed at 8:55 AM ET, with an update on news and resumption times provided.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 1:55 pm

CGC

Canopy Growth's stock is trading lower following the announcement of a $30 million private placement, which could dilute existing shareholders' equity.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 1:54 pm

TLRY

Tilray Brands, Inc. reported a 34% YoY revenue increase in Q2 fiscal 2024, reaching $194 million. The growth was driven by a 35% increase in cannabis net revenue, a 117% increase in beverage alcohol net revenue, and a rise in distribution net revenue. Gross profit rose 11% to $47 million, and adjusted EBITDA was positive at $10.1 million. The company reduced its net loss and continued to expand its business, including medical cannabis in Europe and the craft beverage-alcohol market in the U.S. Shares of Tilray traded 5.56% higher at $2.47 in pre-market.

Portfolio Pulse from Jelena Martinovic

January 09, 2024 | 1:54 pm

BAC

C

JPM

KBE

SPY

WFC

Top U.S. banks JPMorgan, Citigroup, Bank of America, and Wells Fargo are set to report Q4 earnings on Friday with mixed expectations. Deloitte's 2024 outlook suggests a challenging year for financial services due to economic slowdown, rate cuts, geopolitical tensions, and assertive regulations. Disruptive technologies and other factors like GenAI and digitization will also impact the industry. Last year, KBE gained 3.2%, while SPY gained 16%. Zacks estimates vary for each bank, with JPM expected to post higher earnings and revenue, C to see a decline in earnings but increased revenue, BAC to have lower earnings and revenue, and WFC to report significant earnings growth with slightly higher revenue. Fitch Ratings maintains a deteriorating outlook for banks in 2024, while S&P Global sees steady outlook based on solid fundamentals, and Moody's holds a negative view due to a sluggish growth environment.

Portfolio Pulse from Neil Dennis

January 09, 2024 | 1:54 pm

AYI

XLI

Acuity Brands, Inc (NYSE:AYI) reported a slight miss in Q1 FY24 net sales at $934.7 million versus the consensus of $935.1 million but exceeded EPS expectations with $3.72 against a consensus of $3.23. The company saw a year-over-year sales decline of 9%, with mixed performance across segments. ABL's revenue decreased by 7.5% while ISG's revenue increased by 13.0%. Adjusted operating margins improved, and the company generated higher operating cash flow and adjusted EBITDA compared to the previous year. Acuity Brands' stock reached a 52-week high, outperforming the industrial sector index SPDR Select Sector Fund - Industrial (NYSE:XLI).

Portfolio Pulse from Anusuya Lahiri

January 09, 2024 | 1:54 pm

AYI

Acuity Brands' stock is trading higher following the announcement of their Q1 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 1:53 pm

NEOG

Neogen Corporation's stock is trading lower following the announcement of disappointing Q2 financial results and a reduction in its sales guidance for FY24, which fell below analyst expectations.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 1:52 pm

GRFS

Grifols shares have declined after Gotham City Research released a report titled 'Grifols SA: Scranton and the Undisclosed Debts,' suggesting the existence of undisclosed debts.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 1:50 pm