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SKY

Skyline Champion (NYSE:SKY) reported Q3 adjusted EPS of $0.82, surpassing the $0.64 estimate, with sales of $559.46M also beating the $499.72M estimate. However, this represents a 43.06% decrease in earnings and a 3.93% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 11:06 pm

LYFT

UBER

Uber Technologies Inc (UBER) and Lyft Inc (LYFT) are set to report their Q4 earnings, with analysts at RBC Capital Markets optimistic about both beating market estimates. Uber is expected to report earnings of $0.15 a share, a 48% decrease from last year, but with a 13.2% increase in revenue to $9.75 billion. Lyft is anticipated to report earnings of $0.08 a share, a 111% increase from the previous year, with revenues expected at $1.22 billion, up 3.6%. RBC maintains a Sector Perform rating on Lyft with a $15 price target and an Outperform rating on Uber with a $65 price target, though Uber's current share price of $69.69 suggests it may be overpriced. The sector is viewed as healthy, with demand strong and competition rational.

Portfolio Pulse from Neil Dennis

February 05, 2024 | 10:58 pm

FGBI

First Guaranty Bancshares (NASDAQ:FGBI) reported Q4 earnings of $0.06 per share, missing the $0.09 estimate, and sales of $23.62M, beating the $20.39M estimate. This represents an 85.71% decrease in earnings and an 8.67% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 10:53 pm

COHR

Coherent has updated its FY24 revenue forecast, raising the lower end from $4.5B to $4.55B, with the range now $4.55B-$4.70B, slightly above the estimated $4.59B. Additionally, the company increased its adjusted EPS outlook from $1.00-$1.50 to $1.30-$1.70, surpassing the estimated $1.28. This adjustment reflects a positive shift in Coherent's financial expectations.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 10:49 pm

COHR

Coherent forecasts its Q3 revenue to be between $1.12B and $1.20B, with an estimated consensus of $1.17B. The company also projects its adjusted EPS to range from $0.32 to $0.52, against an estimated $0.38.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 10:44 pm

CAT

DE

KMTUY

UBS predicts a bull market for gold and silver in 2024, driven by potential Federal Reserve interest rate cuts, with gold expected to reach $2,200 per ounce. The global mining equipment market is also forecasted to grow significantly, benefiting companies like Deere & Company, Caterpillar, and Komatsu America Corp. South Africa's President highlights challenges in the mining sector, including energy shortages and illegal activities, impacting the country's attractiveness to investors.

Portfolio Pulse from Austin DeNoce

February 05, 2024 | 10:44 pm

COHR

Coherent (NASDAQ:COHR) reported Q2 adjusted EPS of $0.36, surpassing the $0.26 estimate, and sales of $1.13B, exceeding the $1.12B estimate. This represents a 62.11% decrease in earnings and a 17.45% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 10:39 pm

RGCO

RGC Resources (NASDAQ:RGCO) reported Q1 earnings of $0.50 per share, surpassing the $0.39 estimate, a 51.52% increase from last year. However, sales of $24.42M fell short of the $31.00M estimate, marking a 26.63% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 10:36 pm

DIS

Walt Disney Co (NYSE:DIS) is set to report Q1 financial results on Feb. 7, 2024, with expected revenue of $23.685 billion and EPS of 99 cents. Analysts highlight Disney's cost-cutting and strong cash flow growth guidance, particularly from the Experiences and DTC segments. Disney+ subscriber growth and battles with Elon Musk and Florida Gov. Ron DeSantis are key issues. Disney faces challenges from activist investor Nelson Peltz. DIS shares are down 0.49% to $96.65, with a 7% increase YTD in 2024.

Portfolio Pulse from Chris Katje

February 05, 2024 | 10:36 pm

PED

PEDEVCO Corp. has received approval for its development plan for the Roth 2-11 wells in the D-J Basin, marking a significant step forward in its exploration and production efforts in the region.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 10:24 pm