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Boston Beer Company: Hard Mountain Dew Is Still A Catalyst, 3 Analysts Cut Forecasts After Q2 Results

July 26, 2024 author 0

Shares of Boston Beer Company Inc (NYSE:SAM) were climbing in early trading on Friday, after the company reported its second-quarter results. The results came amid an exciting earnings season. Here are some key analyst takeaways. Goldman Sachs analyst Bonnie Herzog reiterated a Sell rating, while reducing the price target from $210 to $230. RBC Capital […]

Downgrades

This Southwest Airlines Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Friday

July 26, 2024 author 0

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page. Deutsche Bank analyst Scott Deuschle downgraded the rating for L3Harris Technologies, Inc. (NYSE:LHX) from Buy to Hold, but increased the price target from $245 […]

Market Musings

Is A Powerful Short Squeeze Brewing With Sirius XM (SIRI) stock?

July 26, 2024 author 0

Shorts on parade in SIRI This summer has been brutally hot. Air conditioners at the office run 24/7 at the Turbo Option Trading office and even then the dry heat of summer 2024 will have you sweating buckets. The heat has been turned up in the markets well, as evident by the tumble the indexes […]

Earnings Miss

TotalEnergies Q2 Earnings and Revenues Lag Estimates

July 25, 2024 author 0

TotalEnergies SE (NYSE: TTE) reported second-quarter 2024 operating earnings of $1.98 (€1.85) per share, missing the Zacks Consensus Estimate of $2.11 by 6.2%. The bottom line declined 0.5% from the year-ago figure of $1.99 (€1.84). The year-over-year decline was due to lower refining margins. Total Revenues Total revenues for the second quarter were $53.7 billion, […]

Earnings Beat

IBM Beats Q2 Earnings on AI Growth: ETFs to Buy

July 25, 2024 author 0

After the closing bell on Jul 24, International Business Machines (NYSE: IBM) reported strong second-quarter 2024 results. It beat estimates for earnings and revenues, citing rising customer demand for new AI projects. IBM shares spiked 4% in aftermarket hours. Investors seeking to tap the strength could consider ETFs having the highest allocation to this tech […]

Earnings Beat

PG&E Q2 Earnings Top Estimates, Revenues Increase Y/Y

July 25, 2024 author 0

PG&E Corporation (NYSE: PCG) reported second-quarter 2024 adjusted earnings per share of 31 cents, which surpassed the Zacks Consensus Estimate of 30 cents by 3.3%. The bottom line also improved 34.8% from the year-ago quarter’s reported figure. The company reported GAAP earnings of 24 cents per share compared with 19 cents in the prior-year quarter. […]

Earnings Beat

CBRE Group Q2 Earnings Beat, 2024 Outlook Raised

July 25, 2024 author 0

CBRE Group Inc. (NYSE: CBRE) reported second-quarter 2024 core earnings per share of 81 cents, ahead of the Zacks Consensus Estimate of 69 cents. However, the reported figure declined 1.2% year over year. Reflecting positive sentiments, shares of CBRE were up more than 9% so far today. Results reflect growth in its resilient lines of […]

Earnings Beat

Ladder Capital Q2 Earnings and Revenues Top Estimates

July 25, 2024 author 0

Ladder Capital (NYSE: LADR) came out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.33 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 3.33%. A quarter ago, it was expected […]

Earnings Beat

SEI Investments Q2 Earnings Beat as Revenues & AUM Rise

July 25, 2024 author 0

SEI Investments Co.‘s (NASDAQ: SEIC) second-quarter 2024 earnings of $1.05 per share surpassed the Zacks Consensus Estimate by a penny. The bottom line reflected a rise of 18% from the prior-year quarter’s level. Results benefited from higher revenues and an increase in the assets under management balance. Higher expenses acted as a headwind. Net income […]

Earnings Beat

Willis Towers Q2 Earnings Beat Estimates, Improve Y/Y

July 25, 2024 author 0

Willis Towers Watson Public Limited Company (NASDAQ: WTW) delivered second-quarter 2024 adjusted earnings of $2.55 per share, which beat the Zacks Consensus Estimate by 11.8%. The bottom line increased 24% year over year. The insurer’s second-quarter results benefited from the strong revenue contribution from the Health, Wealth & Career and Risk & Broking segments, as […]

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