Streetbeat News

Stock Prices

EGHT

Craig-Hallum analyst George Sutton has upgraded 8x8 (NASDAQ:EGHT) from Hold to Buy, while maintaining the price target at $4.5.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 11:44 am

FRO

TRMD

TORM plc (TRMD) and Frontline plc (FRO) are identified as overbought stocks in the energy sector, presenting an opportunity to go short. TORM reported better-than-expected Q2 EPS results and its stock gained 3.1% to close at $31.28. Frontline was maintained at Neutral by JP Morgan with a raised price target from $18.2 to $21.1, and its stock gained 2.2% to close at $22.73.

Portfolio Pulse from Lisa Levin

November 02, 2023 | 11:43 am

ROCK

Gibraltar Industries has updated its FY23 sales outlook to a range of $1.37B-$1.40B, a slight narrowing from the previous range of $1.36B-$1.41B. The consensus estimate was $1.39B. The company also raised its adjusted EPS outlook to $4.05-$4.15 from $3.90-$4.10, beating the consensus estimate of $4.03.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 11:43 am

GM

RIVN

TM

TSLA

Battery electric vehicles (BEVs) accounted for 21.5% of new vehicle registrations in California for the first nine months of 2023, nearly three times the national average. Tesla Inc (NASDAQ:TSLA) led the pack with 183,278 registrations, followed by General Motors Co (NYSE:GM) with 15,152. Rivian Automotive Inc (NASDAQ:RIVN) saw the biggest jump in registrations, up 176.8% to 6,740 units. Toyota Motor Corp (NYSE:TM) remains the best-selling automaker overall.

Portfolio Pulse from Anan Ashraf

November 02, 2023 | 11:42 am

ROCK

Gibraltar Industries reported Q3 adjusted earnings of $1.38 per share, beating the analyst consensus estimate of $1.19 by 15.97%. However, the company's quarterly sales of $390.74 million missed the analyst consensus estimate of $391.33 million by 0.15%.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 11:40 am

STGW

Stagwell has revised its 2023 organic net revenue forecast from a growth of 0%-2% to a decline of about 4%. The company also adjusted its EPS from $0.76-$0.85 to $0.73-$0.78.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 11:39 am

INMD

InMode Ltd has provided its financial outlook for FY23, expecting revenue between $500M-$510M and adjusted EPS between $2.53-$2.57. These estimates are lower than the previous ones of $2.62-$2.66 EPS and are also below the estimated revenue of $527.5M.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 11:39 am

PH

Parker Hannifin has revised its FY24 total sales growth outlook to 2.5%-5.5% from 3%-6%. The company also adjusted its EPS to $22.60-$23.40 from $21.90-$22.90, which is in line with the consensus of $22.62.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 11:37 am

PH

Parker Hannifin (NYSE:PH) reported Q1 adjusted earnings of $5.96 per share, beating the analyst consensus estimate of $5.31 by 12.24%. This is a 25.74% increase from the same period last year. However, the company's quarterly sales of $4.85 billion missed the analyst consensus estimate of $4.88 billion by 0.68%, though it's a 14.51% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 11:35 am

AMR

Alpha Metallurgical (NYSE:AMR) reported Q3 earnings of $6.65 per share, beating the analyst consensus estimate of $6.46 by 2.94%. However, this is a 53.2% decrease from the same period last year. The company's quarterly sales of $741.82 million missed the analyst consensus estimate of $745.21 million by 0.45%, marking a 14.71% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 11:34 am