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TMDX

TransMedics shares surged following the announcement of their Q4 financial results, which exceeded expectations. Additionally, the company provided strong future guidance.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 1:30 pm

TREX

Trex Company, Inc. shares experienced an increase following the announcement of their fourth-quarter financial results, which surpassed expectations.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 1:30 pm

ZM

Zoom's shares surged following the announcement of its Q4 financial results, which exceeded expectations. The company also provided optimistic Q1 and FY25 adjusted EPS guidance and announced a $1.5 billion stock repurchase program.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 1:29 pm

WDAY

Workday's shares dropped following the announcement of its Q4 financial results, the reiteration of its guidance, and the news of its intent to acquire HiredScore.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 1:29 pm

BEAM

Beam Therapeutics (NASDAQ:BEAM) reported Q4 earnings with an EPS of $1.73, surpassing the estimated -$1.01 by 271%. Revenue increased by $296.15 million year-over-year. Despite beating EPS estimates in the past, such outperformance was previously followed by a 3.0% share price drop the next day.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 1:25 pm

NERV

Trading status for NERV was updated at 8:25:00 AM ET, indicating a resumption of quotations, news, and trading times.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 1:25 pm

EVER

EverQuote, Inc. (NASDAQ:EVER) shares surged premarket Tuesday after reporting Q4 FY23 results that exceeded expectations and providing strong guidance. Despite a 37% Y/Y revenue decline to $55.71 million, it beat the $49.81 million consensus. Automotive insurance revenue fell 33% to $45.0 million, while home and renters insurance revenue increased 48% Y/Y to $9.8 million. The company achieved a Variable Marketing Margin of 37% of revenue, improved from 33% the previous year, and reported an adjusted EBITDA loss of $(0.9) million, better than expected. EverQuote anticipates Q1 2024 revenue between $78.0 million and $82.0 million, significantly above the $65.13 million consensus.

Portfolio Pulse from Lekha Gupta

February 27, 2024 | 1:21 pm

PR

SFL

SND

As of Feb. 27, 2024, Smart Sand, Inc. (SND), Permian Resources Corporation (PR), and SFL Corporation Ltd. (SFL) are identified as overbought energy stocks with RSI values above 70, indicating potential short-term performance concerns. SND filed for a mixed shelf of up to $200 million, PR received a price target increase from Truist Securities, and SFL posted upbeat quarterly results.

Portfolio Pulse from Avi Kapoor

February 27, 2024 | 1:21 pm

DPZ

Domino's Pizza Inc (NYSE:DPZ) reported Q4 earnings surpassing expectations with an EPS of $4.48 against a consensus of $4.38, and sales of $1.40 billion. Despite a slight miss on sales consensus, the company announced a 25% dividend increase to $1.51 and a $1 billion stock buyback. Analysts from JP Morgan, Oppenheimer, and Argus Research adjusted their price targets and ratings, reflecting a positive outlook on DPZ's performance.

Portfolio Pulse from Avi Kapoor

February 27, 2024 | 1:20 pm

NVDA

SOUN

SoundHound AI (NASDAQ:SOUN) stock surged over 21% in pre-market trading, with a year-to-date increase of 176%, largely due to Nvidia's (NASDAQ:NVDA) investment and other key catalysts including a SoftBank investment, positive analyst outlooks from Wedbush Securities and Northland Capital, and strategic positioning in the AI market. SoundHound AI specializes in voice-enabled AI and music recognition technology.

Portfolio Pulse from Surbhi Jain

February 27, 2024 | 1:14 pm