Lekha Gupta

Lekha Gupta

Benzinga Editor

Norfolk Southern's Operational Turnaround To Drive Over 20% EPS Growth Through 2027, Analyst Says
Upgraded to Outperform with $270 price target by RBC analyst due to expected improvement in operating ratio and EPS growth, making NSC an attractive investment opportunity.
Why UK's National Grid Shares Are Diving Today
National Grid plc's shares down after reporting lower FY24 revenue, with 32% increase in EPS. Plans to invest $75 billion in US and UK over 5 years.
Why Software Company Cellebrite Shares Are Up Today
Cellebrite DI reported strong Q1 FY24 results with revenue up 26% YoY, ARR at $331.8 million, and EPS beating consensus. Outlook remains positive with expected revenue of $90M-$94M in Q2 and $370M-$380M for FY24.
Kinder Morgan Acquires West Texas Oilfield To Leverage Carbon Capture Incentives: Report
Kinder Morgan reportedly acquires oil and gas assets in West Texas and plans to use carbon capture incentives to increase output. Stock exposure via MDST and TPYP.
Why Is Aerospace Company Triumph Stock Tumbling Today?
Triumph Group reported strong Q4 FY24 results with sales of $358.6M (+11% Y/Y) and adjusted EPS of $0.31, beating estimates. The backlog increased by 22% and the company expects improvement in financial metrics.
Mastercard Teams Up With Synchrony And Virgin Red For New Travel Rewards Credit Card: Details
Mastercard has signed a deal with Synchrony and Virgin Red for a new credit card program. Virgin Red Rewards Mastercard to launch in 2024.
BHP To Hold Firm On Latest Takeover Proposal For Anglo American: Report
BHP Group firm on takeover bid for Anglo American, deadline extended to May 29. Stock can be accessed through ETFs CRIT and COAL. Shares up 0.65%.
Exxon Wins Round One in Lawsuit Against Climate Activist Investor: Report
US judge allows Exxon's lawsuit against activist shareholder group seeking to bar climate resolution, raising concerns about stifling debate.
Aon Faces Challenges With Integration Risks And Slow Growth: BofA Downgrades Stock
BofA Securities analyst downgrades Aon plc to Underperform, citing underperformance, integration risk, and management changes. $306 price target.
Why Is Garmin Stock Falling Today?
Garmin stock downgraded to Underperform by B of A analyst due to concerns about growth momentum and valuation. Q1 results beat estimates.
Shell's LNG Gambit: Aussie LNG To Reportedly Quench Asia's Thirst
Shell expects Australian LNG to meet demand in Asia. Cecile Wake sees Philippines, Thailand, Vietnam, & Bangladesh as key growth markets.
Exxon's Texas LNG Project Faces Major Setback As Lead Contractor Files For Bankruptcy
Exxon Mobil and Qatar's contractor for Texas LNG plant files for bankruptcy due to cost challenges. Project expected to expand exports in 2025.
PropertyGuru Takeover On The Horizon? KKR And TPG Reportedly Explore Buyout
KKR and TPG are reportedly exploring options to buyout PropertyGuru, a Southeast Asian online real estate platform. KKR also acquired minority stakes in Infinx and Perpetual.
Why Is Dycom Industries Stock Surging Premarket Wednesday?
Dycom Industries' Contract revenue increased 9.3% Y/Y to $1.142 billion, beating the consensus of $1.093 billion. EPS of $2.12 surpassed the street view of $1.51. 
Oil Giant Dives Deep in Angola: TotalEnergies Greenlights Kaminho FPSO Unit
TotalEnergies SE and partners disclosed FID for the Kaminho project in Angola. The project plans to develop fields and reduce methane emissions.
PropertyGuru's Q1 Stumbles: Singapore Shines, But Growth Elsewhere Sputters
PropertyGuru Group reported lower Q1 FY24 results with revenue of S$36.5M, missing consensus. Adjusted EBITDA rose to S$4M and EPS loss of S$(0.04). Outlook: revenue of S$165M-S$180M and adjusted EBITDA of S$22M-S$26M.
Why Is ZIM Integrated Shipping Stock Falling Today?
ZIM's first quarter FY24 sales up 14%, EPS at $0.75. Adjusted EBITDA rose 14%, net leverage ratio at 2.8x. Dividend of $0.23 declared. Raised outlook.
KKR Injects Cash And Expertise Into Healthcare Tech Company Infinx
KKR to acquire minority stake in Infinx, leveraging its expertise in healthcare and technology to drive growth and expand network.
Advanced Energy Discloses New Offer To Acquire XP Power; Is The Latest Proposal Enticing Enough?
AEIS proposes to acquire XP Power for £19.50 per share in cash, which is a 68% premium to XP Power's closing share price on May 20, 2024. AEIS's CEO believes the deal will benefit both shareholders and customers.
Pipeline Power Play: Phillips 66 Makes $550M Gas Grab In The Permian Basin
Phillips 66 to acquire Pinnacle Midstream for $550 million, expanding natural gas footprint in Midland Basin. CEO aims for operational synergy.