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ALB

FSI

MGIH

PACK

The article lists four materials stocks that are considered oversold and may present buying opportunities in Q4. These include Millennium Group International Holdings Limited (NASDAQ:MGIH), Flexible Solutions International, Inc. (NYSE:FSI), Albemarle Corporation (NYSE:ALB), and Ranpak Holdings Corp. (NYSE:PACK). The companies have been identified as oversold based on their Relative Strength Index (RSI) values, which are all near or below 30.

Portfolio Pulse from Lisa Levin

November 08, 2023 | 12:11 pm

REYN

Reynolds Consumer Products has revised its FY23 net revenues outlook from +/-1% to -2%, and its EPS outlook from $1.34-$1.41 to $1.37-$1.41.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:10 pm

SPTN

SpartanNash has revised its FY23 revenue outlook downwards from $9.650B - $9.950B to $9.650B - $9.850B, against an estimate of $9.85B.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:09 pm

SHOO

Steven Madden has revised its FY23 adjusted diluted EPS forecast to $2.40, down from the previous estimate of $2.45. The company also expects its FY23 revenue to decrease by 7% YoY.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:08 pm

PFGC

Performance Food Gr (NYSE:PFGC) reported Q1 adjusted earnings of $1.15 per share, beating the analyst consensus estimate of $1.09 by 5.5%. This is a 6.48% increase from the same period last year. However, the company's quarterly sales of $14.94 billion missed the analyst consensus estimate of $14.95 billion by 0.07%. This is a 1.49% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:05 pm

REYN

Reynolds Consumer Prods (NASDAQ:REYN) reported Q3 adjusted earnings of $0.37 per share, in line with analyst consensus. This is a 54.17% increase from the same period last year. The company's quarterly sales of $935.00 million beat the analyst consensus estimate of $932.44 million by 0.27%, but it's a 3.31% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:04 pm

BKSY

BlackSky Technology has revised its FY23 revenue outlook to $84M-$90M, down from the previous range of $84M-$96M. The new forecast is in line with the consensus estimate of $87.33M. The company also stated it is on track to achieve positive adjusted EBITDA in Q4.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:04 pm

MIDD

Middleby Corporation (NASDAQ:MIDD) reported Q3 earnings of $2.35 per share, beating the analyst consensus estimate of $2.33 by 0.86 percent. This is a 7.8 percent increase from the same period last year. However, the company's quarterly sales of $980.65 million missed the analyst consensus estimate of $1.02 billion by 3.86 percent, marking a 1.23 percent decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:03 pm

BIIB

Biogen has revised its FY23 revenue forecast, now expecting a low-single digit percentage decline compared to FY22, as opposed to the previously anticipated mid-single digit percentage decline.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:03 pm

FOUR

Shift4 Payments, Inc. (FOUR) has projected its Q4 gross revenue to be between $741M and $766M, which is lower than the estimated $778.28M.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:03 pm