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MSGS

Madison Square Garden Sports Corp. (NYSE:MSGS) shares rose after reporting Q2 fiscal 2024 revenue of $326.89 million, surpassing Wall Street's estimate of $325.72 million, despite an 8% year-over-year decline. The decrease in revenue was partially offset by higher local media rights fees and league distributions, even as the Knicks and Rangers played nine fewer home games. Earnings per share were $0.59, above the $0.55 estimate, but adjusted operating income fell 43% year over year. The company ended the quarter with $41.23 million in cash and equivalents. MSGS shares increased by 4.65% to $190.28.

Portfolio Pulse from Nabaparna Bhattacharya

February 06, 2024 | 6:11 pm

LYSCF

MP

The merger discussions between Australia's Lynas Rare Earths Ltd (LYSCF) and U.S.-based MP Materials Corp (MP) have been officially terminated. This decision ends speculation about the creation of a rare earths leader, which could have challenged China's dominance in the market. China controls approximately 87% of the global refining capacity for rare earths, a market where both companies are significant players outside of China. Despite the potential benefits of consolidating supply and strengthening Western supply chains, concerns about the strategic value and regulatory hurdles led to the termination of talks.

Portfolio Pulse from Stjepan Kalinic

February 06, 2024 | 6:04 pm

GFF

Griffon Corporation (NYSE:GFF) is scheduled to release its quarterly earnings report on February 7, 2024. Analysts predict an EPS of $0.75. The company's past performance shows a history of beating EPS estimates, which has sometimes led to positive stock price movements the following day. Shares of Griffon have increased by 49.11% over the last 52 weeks, indicating a bullish sentiment among long-term shareholders. Investors will be particularly attentive to the company's guidance for future growth.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 6:02 pm

ENTA

Enanta Pharma (NASDAQ:ENTA) is scheduled to release its quarterly earnings report on February 7, 2024, with analysts expecting an EPS of $-1.19. Historical data shows that the company's stock price reacts more significantly to guidance than to earnings beats or misses. Last quarter, ENTA beat the EPS estimate, resulting in an 11.52% stock price increase the following day. However, over the last year, ENTA's shares have declined by 75.66%, indicating potential investor concern ahead of the earnings announcement.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 6:02 pm

STE

Steris (NYSE:STE) is scheduled to release its quarterly earnings report on February 7, 2024, with analysts expecting an EPS of $2.17. The company's past earnings performance shows a mixed impact on its stock price, with the last quarter's EPS beat resulting in a 5.46% drop in share price the following day. Shares of Steris were trading at $219.9 as of February 5, with a 4.46% increase over the last 52 weeks. Investors are looking forward to not only the earnings results but also the company's guidance for future growth.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 6:02 pm

MKSI

MKS Instruments (NASDAQ:MKSI) is anticipated to report a quarterly EPS of $0.84 on February 7, 2024. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. MKS Instruments has a history of beating EPS estimates, which has sometimes led to an increase in share price. The stock has seen a 3.72% increase over the last 52 weeks, trading at $109.59 as of February 5.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 6:02 pm

CMP

Compass Minerals Intl (NYSE:CMP) is scheduled to release its quarterly earnings report on February 7, 2024, with an estimated EPS of $0.26. Analysts and investors are keen on whether CMP will surpass this estimate and provide positive guidance for the next quarter. Historical data shows a mixed earnings performance with occasional price drops following earnings misses. CMP's stock has declined 41.23% over the last year, indicating a bearish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 6:01 pm

AAPL

DIS

The CNBC Halftime Report featured final trade recommendations, highlighting The Walt Disney Company (DIS) and Apple (AAPL) as notable picks.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 6:01 pm

RDN

Radian Group (NYSE:RDN) is scheduled to release its quarterly earnings report on February 7, 2024, with analysts expecting an EPS of $0.86. Historical data shows Radian Group has consistently beaten EPS estimates, leading to positive stock price movements. Shares are currently trading at $28.36, marking a 29.66% increase over the last year. Investors are optimistic but will focus on the company's guidance for future growth.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 6:01 pm

MMS

Maximus (NYSE:MMS) is set to release its quarterly earnings report on February 7, 2024, with an estimated EPS of $1.01. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. Historically, Maximus has had a mixed performance in beating EPS estimates, with share price reactions varying accordingly. The company's shares are currently trading at $78.63, marking a 4.29% increase over the last 52 weeks.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 6:01 pm