Streetbeat News

Stock Prices

LH

Labcorp has projected its 2024 adjusted earnings per share (EPS) to be in the range of $14.30 to $15.40, which compares to the consensus estimate of $14.49. This forecast suggests that Labcorp is optimistic about its financial performance in the upcoming year.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 12:00 pm

CMCSA

Comcast (NASDAQ:CMCSA) has been analyzed by 4 analysts in the last three months, showing a mix of opinions with 1 bullish and 3 indifferent ratings. The average 12-month price target is $48.25, indicating a slight upward trend. Comcast's financial health is strong, with a market capitalization above industry averages, a revenue growth rate of 2.29%, a net margin of 10.43%, an ROE of 3.94%, an ROA of 1.24%, and a debt-to-equity ratio of 1.17. The company's diverse operations include its core cable business, NBCUniversal, and Sky.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 12:00 pm

BHP

SSLZY

WDS

Woodside Energy Group Ltd (NYSE:WDS) announced a $1.2 billion impairment charge related to assets from its merger with BHP Group Ltd (NYSE:BHP), impacting its Shenzi asset. The total non-cash post-tax asset impairments for 2023 are expected to be about $1.5 billion, including other charges like a $300 million impairment for Wheatstone. Despite this, Woodside reported significant reserve additions in 2023, with a proven reserves life of 12.2 years. The company also ended acquisition talks with Santos Ltd (OTC:SSLZY) due to a lack of identified benefits. WDS shares dropped 1.25% in premarket trading.

Portfolio Pulse from Lekha Gupta

February 15, 2024 | 12:00 pm

RS

Reliance Steel & Aluminum anticipates an increase in tons sold by 9% to 11% and an average selling price per ton to rise by 1.0% to 3.0% for Q1 on a quarter-over-quarter basis.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:59 am

LH

Laboratory Corp (NYSE:LH) reported Q4 adjusted EPS of $3.30, surpassing the $3.28 estimate, and sales of $3.03B, exceeding the $3.01B estimate. This represents an 8.2% increase in earnings and a 3.53% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:59 am

RS

Reliance anticipates sustained healthy demand trends into Q1 2024, despite ongoing macroeconomic uncertainties and geopolitical issues.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:58 am

DC

LUMN

ORGS

Insiders at Dakota Gold, Lumen Technologies, and Orgenesis have recently made significant stock purchases. Lumen Technologies reported better-than-expected Q4 results. Dakota Gold's stock has fallen about 33% in the past six months, while Orgenesis has entered into an agreement to acquire a stake in Octomera.

Portfolio Pulse from Avi Kapoor

February 15, 2024 | 11:57 am

GPC

Genuine Parts (NYSE:GPC) reported Q4 adjusted EPS of $2.26, surpassing the $2.19 estimate, marking a 10.24% year-over-year increase. However, their sales of $5.58B fell short of the $5.64B estimate, a slight 1.10% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:56 am

RS

Reliance Steel & Aluminum (RS) reported Q4 adjusted EPS of $4.73, surpassing the $3.92 estimate, with sales of $3.34B also beating the $3.30B estimate. However, this represents a decrease from the previous year's earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:54 am

YETI

YETI shares are trading lower following the release of their Q4 financial results, which fell short of estimates. Additionally, the company's guidance for FY24 earnings is below the consensus expectations.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:53 am