FlexShares High Yield Value-Scored Bond Index Fund (ARCA: HYGV)

Latest news for FlexShares High Yield Value-Scored Bond Index Fund (ARCA:HYGV)

The index reflects the performance of a broad universe of U.S.-dollar denominated high yield corporate bonds that seeks a higher total return than the overall high yield corporate bond market, as represented by the Northern Trust High Yield US Corporate Bond IndexSM. The fund generally will invest under normal circumstances at least 80% of its total assets (exclusive of collateral held from securities lending) in the securities of its index.

FlexShares High Yield Value-Scored Bond Index Fund

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Finding Value In A New High-Yield ETF

Citigroup analyst Jason Bazinet maintains Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) with a Neutral and raises the price target from $660 to $675.

Price Target

Analyst Ratings

NFLX

Citigroup Maintains Neutral on Netflix, Raises Price Target to $675

SmartFinancial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMBK#NYSE">SMBK</a>) reported quarterly earnings of $0.46 per share which beat the analyst consensus estimate of $0.39 by 17.95 percent. This is a 11.54 percent decrease over earnings of $0.52 per share from the same period last year. The company reported quarterly sales of $40.418 million which beat the analyst consensus estimate of $40.072 million by 0.86 percent. This is a 4.43 percent increase over sales of $38.705 million the same period last year.

Earnings

Earnings Beats

SMBK

SmartFinancial Q2 2024 Adj EPS $0.46 Beats $0.39 Estimate, Sales $40.418M Beat $40.072M Estimate

Medpace Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MEDP#NASDAQ">MEDP</a>) shares are falling in Monday&#8217;s after-hours session after the company reported mixed financial results and <a href="https://www.benzinga.com/pressreleases/24/07/b39893344/medpace-holdings-inc-reports-second-quarter-2024-results">adjusted its forward guidance</a>.
<ul>
<li>Q2 Revenue: $528.1 million, versus <a href="https://www.benzinga.com/calendars/earnings">estimates</a> of $528.44 million</li>
</ul>
<ul>
<li>Q2 EPS: $2.75, versus estimates of $2.54</li>
</ul>
Total revenue was up 14.6% on a year-over-year basis. Medpace said its backlog increased 13.7% year-over-year to $2.925 billion. 
The company generated $116.4 million in cash flow during the quarter. Medpace ended the quarter with $510.9 million in cash and cash equivalents. 
Outlook: Medpace revised its full-year 2024 revenue forecast from a range of $2.15 billion to $2.2 billion to a new range of $2.125 billion to $2.175 billion versus estimates of $2.17 billion. 
In contrast, Medpace raised its full-year 2024 earnings outlook from a range of $10.79 to $11.47 per share to a new range of $11.24 to $11.93 per share versus estimates of $11.25 per share. 
Management will hold a conference call to discuss these results Tuesday morning at 9 a.m. ET.
See Also: <a href="https://www.benzinga.com/news/earnings/24/07/39894221/cadence-design-reports-q2-results-forward-guidance-heres-the-details">Cadence Design Reports Q2 Results, Forward Guidance: Here&#8217;s The Details</a>
MEDP Price Action: <a href="https://www.benzinga.com/quote/MEDP">Medpace shares</a> were down 13.08% at $380 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: 3844328 from Pixabay.

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MEDP

Medpace Holdings Stock Tumbles On Q2 Earnings: What Investors Need To Know

Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is under scrutiny again due to the intensity of a battery fire and the potential <a href="https://www.benzinga.com/topic/pollution">spread of hazardous materials</a>.
What Happened: A Tesla vehicle burst into flames at a &#8220;Supercharger&#8221; station in Pennsylvania earlier this month.
The car proceeded to melt, resulting in a <a href="https://www.benzinga.com/top-stories/24/06/39274483/elon-musk-alright-sure-to-potential-avoid-highways-navigation-feature">temporary road closure</a>, according to a <a href="https://www.pcmag.com/news/tesla-catches-fire-burns-to-a-crisp-at-supercharging-station">report</a> from PCMag. 
When firefighters arrived, they targeted the fire using a nearby hydrant. After most of the fire was extinguished, first responders began the cooling process of the vehicle&#8217;s battery.
&#8220;These are not easy fires to put out, and the hazmat concerns they pose are difficult to mitigate,&#8221; the Upper Allen Fire Department reportedly said. 
Check This Out: <a href="https://www.benzinga.com/exclusives/24/07/39886192/exclusive-tesla-an-elon-musk-and-a-technology-story-first-ev-story-last-market-strategist-explains-w">EXCLUSIVE: Tesla &#8216;An Elon Musk And A Technology Story First, EV Story Last&#8217; — Market Strategist Explains Why To Buy The Stock</a>
Why It Matters: This isn&#8217;t the first time a Tesla-related fire has been reported. In June, a Tesla charger seemingly malfunctioned and set the home of <a href="https://www.benzinga.com/general/sports/24/06/39536942/tesla-charger-blamed-for-house-fire-by-nfl-players-wife-lucky-to-be-alive">NFL star Randall Cobb ablaze</a>.
In September, a Tesla owner told Business Insider that his Model Y suddenly began shaking and, after pulling over, <a href="https://www.benzinga.com/news/23/05/32539341/model-y-burst-into-flames-on-side-of-the-road-tesla-told-owner-to-bring-fully-burned-vehicle-to-serv">burst into flames</a>.
A similar scenario <a href="https://www.benzinga.com/general/22/05/27348704/watch-tesla-engulfed-in-flames-driver-escapes-through-window-in-time">occurred in 2022</a>. See below. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Passed a stalled <a href="https://twitter.com/Tesla?ref_src=twsrc%5Etfw">@Tesla</a> on the way to work. Well that escalated quickly! <a href="https://twitter.com/elonmusk?ref_src=twsrc%5Etfw">@elonmusk</a> how does this happen?<a href="https://twitter.com/hashtag/fire?src=hash&amp;ref_src=twsrc%5Etfw">#fire</a> <a href="https://twitter.com/hashtag/error?src=hash&amp;ref_src=twsrc%5Etfw">#error</a> <a href="https://twitter.com/hashtag/electricvehicles?src=hash&amp;ref_src=twsrc%5Etfw">#electricvehicles</a> <a href="https://twitter.com/hashtag/Elon?src=hash&amp;ref_src=twsrc%5Etfw">#Elon</a> <a href="https://twitter.com/hashtag/batteries?src=hash&amp;ref_src=twsrc%5Etfw">#batteries</a> <a href="https://t.co/IK8inNB1Ft">pic.twitter.com/IK8inNB1Ft</a>
&mdash; SOV Distillery (@SonsofVancouver) <a href="https://twitter.com/SonsofVancouver/status/1527934071082393601?ref_src=twsrc%5Etfw">May 21, 2022</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
At the time, Tesla found itself under the scanner of the U.S. federal transport regulator — the National Highway Traffic Safety Administration — due to&nbsp;<a href="https://www.benzinga.com/government/22/05/27435318/brand-new-tesla-model-y-that-caught-fire-in-canada-reportedly-receives-nhsta-scrutiny">quality issues with its cars</a>.
In the case of <a href="https://www.benzinga.com/electric-vehicles">EVs</a>, the battery chemistry can cause the vehicle to enter into a phenomenon known as thermal runaway. This is when the battery cells begin self-heating and consume more oxygen, which can cause the flames to reignite repeatedly. 
Battery fires can also reportedly burn up to 1,000 degrees hotter than gas or diesel engine fires.
This latest Tesla fire, however, is particularly concerning given that it took place while the vehicle was charging. 
The exact cause of the fire has not been made public. Images from the scene appear to show that multiple Superchargers were damaged by the flames. 
Contrary to popular belief, EVs are <a href="https://www.topgear.com/car-news/mythbusting-evs/mythbusting-world-evs-are-electric-cars-susceptible-catching-fire">less prone</a> to fires compared to conventional internal combustion engine (ICE) vehicles. 
According to the National Fire Protection Agency, there are about 25 fires per year for every 100,000 electric vehicles. In contrast, there are more than 1,500 fires per year for every 100,000 ICE vehicles. It&#8217;s important to note that this data may be skewed since the average age of EVs is significantly lower than that of ICE vehicles.
TSLA Price Action: Tesla shares were up 5.35% at $252.03 at the time of publication Monday afternoon, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>. 
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39884657/ford-gm-face-profit-decline-as-ev-sales-slow-and-cyber-outages-persist">Ford, GM Face Profit Decline As EV Sales Slow And Cyber Outages Persist</a></li>
<li><a href="https://www.benzinga.com/general/sports/24/06/39536942/tesla-charger-blamed-for-house-fire-by-nfl-players-wife-lucky-to-be-alive"></a></li>
</ul>
This illustration was generated using artificial intelligence via Midjourney.

General

TSLA

Tesla Vehicle Goes Up In Flames At Charging Station: 'These Are Not Easy Fires To Put Out,' First Responder Says

Cathay General (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CATY#NASDAQ">CATY</a>) reported quarterly earnings of $0.96 per share which beat the analyst consensus estimate of $0.94 by 2.13 percent. The company reported quarterly sales of $178.531 million which missed the analyst consensus estimate of $179.184 million by 0.36 percent. This is a 12.76 percent decrease over sales of $204.643 million the same period last year.

Earnings Misses

CATY

Cathay General Q2 2024 Adj EPS $0.96 Beats $0.94 Estimate, Sales $178.531M Miss $179.184M Estimate

This acquisition expands CRH&#39;s Americas Materials Solutions business in the state of Colorado, enhancing its ability to provide integrated solutions to customers in Colorado and surrounding states.

CRH Reports Acquisition Of Colorado-Based Building Materials Solutions Provider Ary Corporation; No Terms Disclosed

Israel has ordered residents in part of Khan Younis, a city in southern Gaza, to evacuate on Monday as it plans to take military action against Hamas.
What Happened: The evacuation order extended into parts of an area that Israel had previously designated a humanitarian zone.
Israel&#8217;s military is now pushing back the zone&#8217;s boundaries because Hamas had used the zone to launch rockets toward Israel, the New York Times <a href="https://www.nytimes.com/live/2024/07/22/world/israel-gaza-war-hamas?partner=slack&amp;smid=sl-share">reported</a>.
Residents were told to move temporarily closer to the coast to the "adjusted Humanitarian Area in Al-Mawasi."
Israeli fighter jets also struck Houthi military installations near Yemen&#8217;s Hodeidah Port on Saturday in response to a Houthi attack on Tel Aviv on Friday, CNN <a href="https://www.cnn.com/2024/07/21/middleeast/israel-strikes-houthi-rebels-explainer-intl/index.html">reported</a>. This marked the first time that Israel has attacked inside Yemen.
Since Hamas began attacking <a href="https://www.benzinga.com/news/23/10/35136071/israel-under-siege-unprecedented-hamas-attack-sparks-intense-clashes-netanyahu-says-we-are-at-war">Israel in early October</a>, the Houthis have been striking merchant vessels in the Red Sea in support of Gaza.
Also Read: <a href="https://www.benzinga.com/markets/asia/24/07/39851210/israeli-forces-intensify-attacks-in-gaza-southern-lebanon-ahead-of-netanyahus-visit-to-us-congress">Israeli Forces Intensify Attacks In Gaza, Southern Lebanon Ahead Of Netanyahu&#8217;s Visit To US Congress</a>
The Houthis said they fired more missiles toward Israel after an attack occurred near Hodeidah Port. Houthis promised a response that would be &#8220;huge and great&#8221; against Israel.
Israel&#8217;s Prime Minister Benjamin Netanyahu said Israel attacked the port because Iran used it to bring arms into Yemen.
"The port we attacked&nbsp;is&nbsp;not&nbsp;an innocent port. It was used for military purposes, it was used as an entry point for deadly weapons supplied to the Houthis&nbsp;by Iran," Netanyahu said in a statement on Saturday.
Houthi spokesperson Mohammed Abdulsalam criticized the attack as "brutal Israeli aggression" against Yemen.
Netanyahu also said the operation, which hit targets 1,118 miles from&nbsp;Israel's borders, showed&nbsp;Israel&nbsp;was&nbsp;serious about responding to threats.
"It makes it clear to our enemies that there is no place that the long arm of the State of Israel will not reach," Netanyahu said.
Why It Matters: The development comes just as Netanyahu prepares for tense meetings in Washington, D.C. to urge the Biden administration and Congress to support Israel&#8217;s war effort.
In March, Israel <a href="https://www.benzinga.com/news/24/03/37951362/israel-pulls-out-of-gaza-truce-negotiations-points-finger-at-hamas-for-escalating-conflict">withdrew</a> from truce discussions. 
Between Oct. 7, 2023, and July 22, 2024, at least 39,006 Palestinians were killed and 89,818 were injured in the war between Israel and Hamas, according to the Ministry of Health in Gaza.
Price Action: Exchange-traded funds with Israel exposure made gains into Monday&#8217;s late-afternoon trading.
<ul>
<li>&nbsp;iShares MSCI Israel ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EIS#NASDAQ">EIS</a>) gained 7.68%.</li>
<li>&nbsp;ARK Israel Innovative Technology ETF (IZRL) edged up 0.86%.</li>
<li>VanEck Israel ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ISRA#NYSE">ISRA</a>) picked up 1.66%.</li>
<li>Amplify BlueStar Israel Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITEQ#NYSE">ITEQ</a>) rose 2.15%.</li>
<li>Invesco Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>) went up 0.63%.</li>
</ul>
Read Now:
<ul>
<li><a href="https://www.benzinga.com/news/24/05/38909656/israel-intensifies-gaza-strikes-killing-at-least-28-palestinians-as-us-envoy-meets-with-netanyahu-to">Israel Intensifies Gaza Strikes, Killing At Least 28 Palestinians, As US Envoy Meets With Netanyahu To Prevent Full-Scale Assault</a></li>
</ul>
Image: Shutterstock

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Israel Orders Residents In Southern Gaza To Evacuate On Heels Of Houthi Drone Attack On Tel Aviv

Analysts' ratings for Reddit (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) over the last quarter vary from bullish to bearish, as provided by 18 analysts.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Reddit, revealing an average target of $64.61, a high estimate of $84.00, and a low estimate of $45.00. This current average has increased by 14.7% from the previous average price target of $56.33. 
<img src="https://www.benzinga.com/files/images/story/2024/1721682074_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
A comprehensive examination of how financial experts perceive Reddit is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Mark Shmulik</td>
<td>Bernstein</td>
<td>Raises</td>
<td>Underperform</td>
<td>$50.00</td>
<td>$45.00</td>
</tr>
<tr>
<td>Andrew Boone</td>
<td>JMP Securities</td>
<td>Raises</td>
<td>Market Outperform</td>
<td>$84.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>Doug Anmuth</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$67.00</td>
<td>$57.00</td>
</tr>
<tr>
<td>Alan Gould</td>
<td>Loop Capital</td>
<td>Maintains</td>
<td>Hold</td>
<td>$75.00</td>
<td>$75.00</td>
</tr>
<tr>
<td>Alan Gould</td>
<td>Loop Capital</td>
<td>Raises</td>
<td>Buy</td>
<td>$75.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Laura Martin</td>
<td>Needham</td>
<td>Raises</td>
<td>Buy</td>
<td>$75.00</td>
<td>$63.00</td>
</tr>
<tr>
<td>Laura Martin</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$63.00</td>
<td>$63.00</td>
</tr>
<tr>
<td>Andrew Boone</td>
<td>JMP Securities</td>
<td>Maintains</td>
<td>Market Outperform</td>
<td>$63.00</td>
<td>$63.00</td>
</tr>
<tr>
<td>Ronald Josey</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$70.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Ben Black</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Buy</td>
<td>$65.00</td>
<td>$62.00</td>
</tr>
<tr>
<td>Eric Sheridan</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Neutral</td>
<td>$55.00</td>
<td>$40.00</td>
</tr>
<tr>
<td>Ronald Josey</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$65.00</td>
<td>$53.00</td>
</tr>
<tr>
<td>Andrew Boone</td>
<td>JMP Securities</td>
<td>Raises</td>
<td>Market Outperform</td>
<td>$63.00</td>
<td>$53.00</td>
</tr>
<tr>
<td>Rohit Kulkarni</td>
<td>Roth MKM</td>
<td>Raises</td>
<td>Buy</td>
<td>$61.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Mark Shmulik</td>
<td>Bernstein</td>
<td>Raises</td>
<td>Underperform</td>
<td>$45.00</td>
<td>$40.00</td>
</tr>
<tr>
<td>Laura Martin</td>
<td>Needham</td>
<td>Raises</td>
<td>Buy</td>
<td>$63.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Colin Sebastian</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$59.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Thomas Champion</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$65.00</td>
<td>$50.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Reddit. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Reddit compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Reddit's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Reddit's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/RDDT/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Reddit analyst ratings.</a>
<h2>All You Need to Know About Reddit</h2>
Reddit Inc is engaged in providing internet content. The company provides online services that include gaming, sports, business, crypto, television and others.
<h3>Understanding the Numbers: Reddit's Finances</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Over the 3 months period, Reddit showcased positive performance, achieving a revenue growth rate of 48.38% as of 31 March, 2024. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Communication Services sector.
Net Margin: Reddit's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive -236.69% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Reddit's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -80.69%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Reddit's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -31.84%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Reddit's debt-to-equity ratio is below the industry average at 0.01, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>What Are Analyst Ratings?</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

RDDT

Unveiling 18 Analyst Insights On Reddit

In the latest quarter, 6 analysts provided ratings for Lithia Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAD#NYSE">LAD</a>), showcasing a mix of bullish and bearish perspectives.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $286.33, a high estimate of $330.00, and a low estimate of $248.00. This current average has decreased by 6.38% from the previous average price target of $305.83. 
<img src="https://www.benzinga.com/files/images/story/2024/1721682062_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The standing of Lithia Motors among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>John Murphy</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$330.00</td>
<td>$320.00</td>
</tr>
<tr>
<td>Rajat Gupta</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$280.00</td>
<td>$270.00</td>
</tr>
<tr>
<td>Rajat Gupta</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$270.00</td>
<td>$285.00</td>
</tr>
<tr>
<td>Ronald Josey</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$280.00</td>
<td>$320.00</td>
</tr>
<tr>
<td>Ryan Sigdahl</td>
<td>Craig-Hallum</td>
<td>Lowers</td>
<td>Buy</td>
<td>$310.00</td>
<td>$350.00</td>
</tr>
<tr>
<td>Colin Langan</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$248.00</td>
<td>$290.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Lithia Motors. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Lithia Motors compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Lithia Motors's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/LAD/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Lithia Motors analyst ratings.</a>
<h2>All You Need to Know About Lithia Motors</h2>
Lithia Motors is a retailer of new and used vehicles and related services. The company offers about 50 brands of vehicles at nearly 500 stores globally across the US, Canada, and UK. The company has expanded largely through the acquisition of dealerships in smaller regional markets but now seeks to grow in any part of the US and we expect more deals over time in the US and, at times, abroad. Annual revenue in 2023 was $31 billion and we see over $50 billion possible in a few years. The US was 90% of 2023 revenue and the UK second at 6%, the latter should rise significantly with the Pendragon acquisition. In 2023, new-car sales were about 49% of total revenue. Lithia was founded in 1946, went public in 1996, and is the largest US auto dealer. It is based in Medford, Oregon.
<h3>Lithia Motors: Financial Performance Dissected</h3>
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Revenue Growth: Lithia Motors's remarkable performance in 3 months is evident. As of 31 March, 2024, the company achieved an impressive revenue growth rate of 22.77%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Consumer Discretionary sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 1.9%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 2.59%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Lithia Motors's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.78% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Lithia Motors's debt-to-equity ratio is below the industry average at 2.08, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Deep Dive Into Lithia Motors Stock: Analyst Perspectives (6 Ratings)

In the last three months, 6 analysts have published ratings on Calix (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CALX#NYSE">CALX</a>), offering a diverse range of perspectives from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Calix, revealing an average target of $40.83, a high estimate of $45.00, and a low estimate of $30.00. A decline of 8.92% from the prior average price target is evident in the current average. 
<img src="https://www.benzinga.com/files/images/story/2024/1721682054_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The perception of Calix by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Samik Chatterjee</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$41.00</td>
<td>$28.00</td>
</tr>
<tr>
<td>Ryan Koontz</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$45.00</td>
<td>$45.00</td>
</tr>
<tr>
<td>George Notter</td>
<td>Jefferies</td>
<td>Lowers</td>
<td>Hold</td>
<td>$30.00</td>
<td>$48.00</td>
</tr>
<tr>
<td>Christian Schwab</td>
<td>Craig-Hallum</td>
<td>Lowers</td>
<td>Buy</td>
<td>$41.00</td>
<td>$48.00</td>
</tr>
<tr>
<td>Scott Searle</td>
<td>Roth MKM</td>
<td>Lowers</td>
<td>Buy</td>
<td>$43.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Ryan Koontz</td>
<td>Needham</td>
<td>Lowers</td>
<td>Buy</td>
<td>$45.00</td>
<td>$50.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Calix. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Calix compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Calix's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Calix's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/CALX/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Calix analyst ratings.</a>
<h2>Delving into Calix's Background</h2>
Calix Inc develops, market and sell Calix cloud, systems and software platforms to enable service providers of all types and sizes to innovate and transform. The company's customers utilize the real-time data and insights from Calix platforms to simplify their business and deliver experiences that excite their subscribers. The resulting growth in subscriber acquisition, loyalty and revenue creates more value for their businesses and communities. The Company's revenue is principally derived in the United States and it also has its presence in Middle East &amp; Africa, Europe, Asia Pacific and other markets.
<h3>Calix: Delving into Financials</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Challenges: Calix's revenue growth over 3 months faced difficulties. As of 31 March, 2024, the company experienced a decline of approximately -9.48%. This indicates a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Net Margin: Calix's net margin excels beyond industry benchmarks, reaching 0.05%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 0.01%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Calix's ROA excels beyond industry benchmarks, reaching 0.01%. This signifies efficient management of assets and strong financial health.
Debt Management: With a below-average debt-to-equity ratio of 0.02, Calix adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CALX

The Analyst Landscape: 6 Takes On Calix

Ratings for Valneva (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VALN#NASDAQ">VALN</a>) were provided by 8 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Valneva and provided 12-month price targets. The average target is $26.0, accompanied by a high estimate of $26.00 and a low estimate of $26.00. Staying constant with the previous average price target, the current average remains unchanged. 
<img src="https://www.benzinga.com/files/images/story/2024/1721682031_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
The perception of Valneva by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Edward White</td>
<td>HC Wainwright &amp; Co.</td>
<td>Maintains</td>
<td>Buy</td>
<td>$26.00</td>
<td>$26.00</td>
</tr>
<tr>
<td>Edward White</td>
<td>HC Wainwright &amp; Co.</td>
<td>Maintains</td>
<td>Buy</td>
<td>$26.00</td>
<td>$26.00</td>
</tr>
<tr>
<td>Edward White</td>
<td>HC Wainwright &amp; Co.</td>
<td>Maintains</td>
<td>Buy</td>
<td>$26.00</td>
<td>$26.00</td>
</tr>
<tr>
<td>Edward White</td>
<td>HC Wainwright &amp; Co.</td>
<td>Maintains</td>
<td>Buy</td>
<td>$26.00</td>
<td>$26.00</td>
</tr>
<tr>
<td>Edward White</td>
<td>HC Wainwright &amp; Co.</td>
<td>Maintains</td>
<td>Buy</td>
<td>$26.00</td>
<td>$26.00</td>
</tr>
<tr>
<td>Edward White</td>
<td>HC Wainwright &amp; Co.</td>
<td>Maintains</td>
<td>Buy</td>
<td>$26.00</td>
<td>$26.00</td>
</tr>
<tr>
<td>Edward White</td>
<td>HC Wainwright &amp; Co.</td>
<td>Maintains</td>
<td>Buy</td>
<td>$26.00</td>
<td>$26.00</td>
</tr>
<tr>
<td>Edward White</td>
<td>HC Wainwright &amp; Co.</td>
<td>Maintains</td>
<td>Buy</td>
<td>$26.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Valneva. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Valneva compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Valneva's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Capture valuable insights into Valneva's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/VALN/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Valneva analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Delving into Valneva's Background</h2>
Valneva SE is a vaccine company focused on developing life-saving vaccines. Its portfolio includes three vaccines for travelers. The segments of the group are Commercialized vaccines which relate to marketed vaccines, the group's vaccines IXIARO/JESPECT, DUKORAL, IXCHIQ; Covid includes development, manufacturing, &amp; distribution related to the COVID-19 vaccine, Vaccine candidates which relate to research and development programs to generate new approvable products to generate future cash flows from product sales through partnering with pharmaceutical companies; &amp; Technologies and services which relate to services and inventions at a commercialization stage. The company generates the majority of its revenue from product sales.
<h3>Valneva's Financial Performance</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Decline in Revenue: Over the 3 months period, Valneva faced challenges, resulting in a decline of approximately -2.25% in revenue growth as of 31 March, 2024. This signifies a reduction in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Health Care sector.
Net Margin: Valneva's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 179.86% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 37.11%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Valneva's ROA excels beyond industry benchmarks, reaching 12.24%. This signifies efficient management of assets and strong financial health.
Debt Management: Valneva's debt-to-equity ratio is notably higher than the industry average. With a ratio of 1.12, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>What Are Analyst Ratings?</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

VALN

What Analysts Are Saying About Valneva Stock

Skechers USA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKX#NYSE">SKX</a>) underwent analysis by 7 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $80.57, a high estimate of $87.00, and a low estimate of $76.00. Marking an increase of 10.07%, the current average surpasses the previous average price target of $73.20. 
<img src="https://www.benzinga.com/files/images/story/2024/1721682022_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Skechers USA. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>John Kernan</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$79.00</td>
<td>$77.00</td>
</tr>
<tr>
<td>Krisztina Katai</td>
<td>Deutsche Bank</td>
<td>Announces</td>
<td>Buy</td>
<td>$82.00</td>
<td>-</td>
</tr>
<tr>
<td>Andrew Bauch</td>
<td>Wells Fargo</td>
<td>Announces</td>
<td>Overweight</td>
<td>$83.00</td>
<td>-</td>
</tr>
<tr>
<td>Christopher Nardone</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$87.00</td>
<td>$71.00</td>
</tr>
<tr>
<td>Jim Duffy</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$81.00</td>
<td>$74.00</td>
</tr>
<tr>
<td>Tom Nikic</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$76.00</td>
<td>$76.00</td>
</tr>
<tr>
<td>Tom Nikic</td>
<td>Wedbush</td>
<td>Raises</td>
<td>Outperform</td>
<td>$76.00</td>
<td>$68.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Skechers USA. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Skechers USA compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Skechers USA's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Skechers USA's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/SKX/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Skechers USA analyst ratings.</a>
<h2>About Skechers USA</h2>
Skechers USA Inc is a lifestyle footwear company under the Skechers GO brand name. Products offered include various styles of women's shoes, men's shoes, girl's shoes, boy's shoes, performance shoes, and work shoes. Allied products offered are apparel, bags, eyewear, toys, and more. Its products are available for sale at department and specialty stores, athletic and independent retailers, boutiques, and internet retailers. The company's operating segments includes Wholesale and Direct-to-Consumer. It generates maximum revenue from the Wholesale segment.
<h3>Skechers USA: Financial Performance Dissected</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: Skechers USA's revenue growth over a period of 3 months has been noteworthy. As of 31 March, 2024, the company achieved a revenue growth rate of approximately 12.47%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Consumer Discretionary sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Skechers USA's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 9.18%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Skechers USA's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 5.06% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 2.73%, the company showcases effective utilization of assets.
Debt Management: Skechers USA's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.42.
<h2>How Are Analyst Ratings Determined?</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Breaking Down Skechers USA: 7 Analysts Share Their Views

HCA Healthcare (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCA#NYSE">HCA</a>) has outperformed the market over the past 10 years by 6.55% on an annualized basis producing an average annual return of 17.46%. Currently, HCA Healthcare has a market capitalization of $85.22 billion. 
Buying $1000 In HCA: If an investor had bought $1000 of HCA stock 10 years ago, it would be worth $5,112.02 today based on a price of $325.38 for HCA at the time of writing.
<h3>HCA Healthcare's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721682019_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In HCA Healthcare 10 Years Ago Would Be Worth Today

Abercrombie &amp; Fitch (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANF#NYSE">ANF</a>) has outperformed the market over the past 10 years by 4.37% on an annualized basis producing an average annual return of 15.28%. Currently, Abercrombie &amp; Fitch has a market capitalization of $8.08 billion. 
Buying $100 In ANF: If an investor had bought $100 of ANF stock 10 years ago, it would be worth $411.80 today based on a price of $158.01 for ANF at the time of writing.
<h3>Abercrombie &amp; Fitch's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721682014_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In This Stock 10 Years Ago Would Be Worth $400 Today

15 analysts have expressed a variety of opinions on Fidelity National Info (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIS#NYSE">FIS</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">9</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $82.73, along with a high estimate of $93.00 and a low estimate of $75.00. This current average has increased by 6.25% from the previous average price target of $77.86. 
<img src="https://www.benzinga.com/files/images/story/2024/1721682010_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Fidelity National Info. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>James Faucette</td>
<td>Morgan Stanley</td>
<td>Announces</td>
<td>Equal-Weight</td>
<td>$79.00</td>
<td>-</td>
</tr>
<tr>
<td>James Friedman</td>
<td>Susquehanna</td>
<td>Maintains</td>
<td>Positive</td>
<td>$86.00</td>
<td>$86.00</td>
</tr>
<tr>
<td>Daniel Perlin</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$93.00</td>
<td>$82.00</td>
</tr>
<tr>
<td>Tien-Tsin Huang</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$83.00</td>
<td>$75.00</td>
</tr>
<tr>
<td>Ramsey El-Assal</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$85.00</td>
<td>$83.00</td>
</tr>
<tr>
<td>Dan Dolev</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Buy</td>
<td>$85.00</td>
<td>$76.00</td>
</tr>
<tr>
<td>Moshe Katri</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$75.00</td>
<td>$75.00</td>
</tr>
<tr>
<td>Bryan Bergin</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Hold</td>
<td>$75.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>Sanjay Sakhrani</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Outperform</td>
<td>$85.00</td>
<td>$82.00</td>
</tr>
<tr>
<td>James Friedman</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Positive</td>
<td>$86.00</td>
<td>$81.00</td>
</tr>
<tr>
<td>Charles Nabhan</td>
<td>Stephens &amp; Co.</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$90.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>David Togut</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$80.00</td>
<td>$75.00</td>
</tr>
<tr>
<td>Daniel Perlin</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$82.00</td>
<td>$75.00</td>
</tr>
<tr>
<td>David Koning</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$82.00</td>
<td>$78.00</td>
</tr>
<tr>
<td>David Togut</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$75.00</td>
<td>$62.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Fidelity National Info. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Fidelity National Info compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
For valuable insights into Fidelity National Info's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/FIS/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Fidelity National Info analyst ratings.</a>
<h2>All You Need to Know About Fidelity National Info</h2>
Fidelity National Information Services provides core processing and ancillary services to banks, but its business has expanded over time. By acquiring SunGard in 2015, the company now provides record-keeping and other services to investment firms. With the acquisition of Worldpay in 2019, FIS was providing payment processing services for merchants and holding leading positions in the United States and United Kingdom. But the company sold off a majority interest in Worldpay and now has only a minority stake.
<h3>Fidelity National Info: Financial Performance Dissected</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Fidelity National Info's revenue growth over a period of 3 months has been noteworthy. As of 31 March, 2024, the company achieved a revenue growth rate of approximately 2.92%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Financials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Fidelity National Info's net margin is impressive, surpassing industry averages. With a net margin of 29.35%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Fidelity National Info's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 3.9%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Fidelity National Info's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.59% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.63.
<h2>The Basics of Analyst Ratings</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What 15 Analyst Ratings Have To Say About Fidelity National Info

Silicon Valley continues pushing the boundaries of mental health treatment, with Google (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) co-founder Sergey Brin now financing the development of a hallucinogen <a href="https://www.benzinga.com/markets/cannabis/22/04/25315203/what-is-iboga-and-how-does-it-compare-to-cannabis-exactly">derived from a West African shrub.</a>
<h3 class="wp-block-heading">Brin's Non-Profit Investment In Psychedelics</h3>
Brin is leveraging part of the profits from his 2021 Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) stake sale to fund Catalyst4, a non-profit investment vehicle dedicated to innovative treatments and technologies. Catalyst4 has pledged approximately $15 million of a $25 million funding round for the psychedelic start-up Soneira, <a href="https://www.ft.com/content/5ed7daee-3d03-45d1-876b-52d81f0e2b68">reported</a> Financial Times citing sources familiar with the issue. Soneira is launching clinical trials to explore <a href="https://www.benzinga.com/topic/ibogaine">ibogaine</a>, a substance present in an African shrub, as a potential treatment for traumatic brain injury (TBI).
<h3 class="wp-block-heading">Ibogaine's Historical And Modern Significance</h3>
Ibogaine, traditionally used in spiritual rituals by tribes in Gabon, recently garnered interest from western mental health researchers and psychedelic advocates for its mind-altering effects. Earlier this year, a <a href="https://med.stanford.edu/news/all-news/2024/01/ibogaine-ptsd.html">Stanford University study</a> funded by Brin's charitable foundation reported that ibogaine therapy <a href="https://www.benzinga.com/general/biotech/24/01/36504333/breaking-ibogaine-therapy-show-promising-outcomes-for-veterans-with-trauma-brain-injury">improved mental health and cognitive function</a> in 30 U.S. military veterans with TBI. Stanford psychiatrist Nolan Williams, involved in the study, is now advising Soneira.
<h3 class="wp-block-heading">Mitigating Risks And Developing Synthetic Versions</h3>
Soneira is focusing on combining ibogaine with heart medications to reduce the risk of fatal cardiac arrhythmia, a known side effect of the plant. The biotech company is also developing a synthetic version of the compound, aiming to launch early-stage clinical trials with the new funding.
<h3 class="wp-block-heading">Silicon Valley&#8217;s Psychedelic Investment Surge</h3>
Brin's Catalyst4 represents the latest example of <a href="https://www.benzinga.com/markets/cannabis/24/04/38362918/psychedelic-productivity-peer-pressure-or-good-career-advice">Silicon Valley's growing interest in psychedelics</a>, both for personal use and as lucrative investments. Catalyst4 was funded by the $366 million from Brin's sale of his entire Tesla stake. Notably, Tesla founder Elon Musk has <a href="https://www.benzinga.com/markets/cannabis/22/10/29228362/elon-musks-exploratory-journeys-and-charts-explaining-benefits-of-psychedelics-over-alcohol">openly discussed using ketamine for depression</a>, while tech investor Peter Thiel was an early supporter of Atai Life Sciences, which is also <a href="https://www.benzinga.com/markets/cannabis/23/08/33721310/atais-q2-2023-plus-clinical-data-on-ibogaine-opioid-study-pipelines-psilocybin-dmt-ketamine-mdma">researching ibogaine</a> for opioid-use disorder treatment. Venture capitalists have invested nearly $180 million in psychedelic biotechs this year alone, with a record $528 million raised in 2021.
<h3 class="wp-block-heading">Brin's Commitment to Neurological Research</h3>
Through the Sergey Brin Family Foundation, Brin has invested hundreds of millions into research on neurodegenerative and psychological conditions. The Google co-founder, who discovered a genetic mutation heightening his risk of Parkinson's disease, uses Catalyst4 to fund breakthrough treatments for neurological disorders and climate change technologies. Catalyst4 had total assets of $430 million at the end of 2022.
<h3 class="wp-block-heading">Expanding Investment Interest</h3>
Around half a dozen parties have shown interest in investing in Soneira, including Helena Special Investments and LifeForce Capital. Helena Special Investments is behind Lykos Therapeutics, which awaits regulatory approval for MDMA as a treatment for PTSD. Soneira's funding round is expected to close after the summer.
Cover image made with AI

Cannabis

Psychedelics

GOOG

Google Co-Founder Sergey Brin Pledges $15M To Psychedelics Research Start-Up

Nucor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>) shares are climbing after the company reported its second-quarter financial results Monday. Here's a look at the key <a href="https://www.benzinga.com/pressreleases/24/07/n39893908/nucor-reports-results-for-the-second-quarter-of-2024">figures from the report. </a>
The Details: Nucor reported quarterly earnings of $2.68 per share which beat the analyst consensus estimate of $2.35 by 14.04%. Quarterly sales came in at $8.08 billion, which beat the analyst consensus estimate of $7.69 billion by 5.13%.
A total of approximately 6.289 million tons were shipped to outside customers in the second quarter of 2024, a 1% increase compared with the first quarter of 2024 and a 5% decrease compared with the second quarter of 2023. 
Total steel mill shipments in the second quarter of 2024 were comparable to the first quarter of 2024 and decreased 2% as compared to the second quarter of 2023. Downstream steel product shipments to outside customers in the second quarter of 2024 increased 11% compared with the first quarter of 2024. 
Read Also: <a href="https://www.benzinga.com/news/24/07/39891006/sunpower-stock-attempts-to-bounce-back-whats-going-on">SunPower Stock Attempts To Bounce Back: What&#8217;s Going On?</a>
&#8220;While market conditions have softened compared to recent record-setting years, Nucor remains focused on its long-term growth strategy and has returned more than $1.7 billion to investors through June,&#8221; said Leon Topalian, Nucor&#8217;s CEO. 
&#8220;Nucor&#8217;s strategy to grow our core steelmaking operations and expand into steel-adjacent downstream markets positions the company to create attractive shareholder value and improve the company&#8217;s through-cycle earnings profile. I am incredibly proud of the 32,000 men and women of Nucor who are executing this growth plan while achieving the safest start to any year in Nucor&#8217;s history.&#8221;
Nucor will host a conference call Tuesday at 10 a.m. ET to discuss the results.
Outlook: Nucor said it expects earnings in the third quarter of 2024 to decrease compared to the second quarter of 2024. The largest driver for the expected decrease in earnings in the third quarter of 2024 is the expected decrease in earnings of the steel mills segment, primarily due to lower average selling prices.
NUE Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Nucor shares are up 1.02% after-hours at $165.01 at the time of publication Monday.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39891755/whats-going-on-with-coinbase-shares-today">What&#8217;s Going On With Coinbase Shares Today?</a></li>
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Image: Courtesy of Nucor Corporation

Nucor Shares Climb Following Q2 Results: What To Know

Based on the Company&#39;s closing stock price on July 22, 2024, the program, if fully completed, would encompass 257,095 shares, or approximately&nbsp;$6.0 million&nbsp;of shares currently outstanding.
The repurchase program will terminate on July 25, 2025, regardless of whether all shares have been purchased.

Buybacks

CBFV

CB Financial Services Plans To Repurchase Up To 5% Of Its Outstanding Shares Of Common Stock

An analyst says sports betting company DraftKings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>) could have a challenging second quarter report, but remains optimistic ahead of the <a href="https://www.benzinga.com/topic/nfl">2024 NFL season.</a>
The DraftKings Analyst: Bank of America analyst Shaun C. Kelley reiterated a Buy rating on DraftKings and lowered the price target from $54 to $50.
Read Also: <a href="https://www.benzinga.com/general/gaming/24/07/39799526/college-football-championship-betting-odds-can-new-ea-sports-video-game-predict-a-winner">College Football Championship Betting Odds: Can New EA Sports Video Game Predict A Winner?</a>
The Analyst Takeaways: Near-term pressure and a potential second-quarter earnings miss could prove difficult for DraftKings, Kelley said.
The analyst lowers Q2 EBITDA estimates to $130 million, compared to guidance of $150 million from the company.
"We think a 2Q miss is expected by investors, and think focus will be on the 2024 guide and outlook for customer acquisition," Kelley said.
DraftKings reports second quarter financial results after market close on Aug. 1.
The analyst said key questions ahead of the earnings report include customer acquisition, gross margins in the sports betting sector and any changes to forward EBITDA guidance.
Another key concern ahead of the earnings report is DraftKings' competitor FanDuel, which is a unit of Flutter Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLUT#NYSE">FLUT</a>). The report shows a Q2 online sports betting market share of 33% for DraftKings versus FanDuel's 45%. In the first quarter, DraftKings trailed FanDuel 36% to 44%.
Conservative guidance of 30% EBITDA flow-through is cited as a reason the analyst is cautious on DraftKings going forward. However, the analyst believes DraftKings can have higher flow-through than its competitors.
Kelley believes FanDuel could have improved in the second quarter with strength tied to NBA betting. For DraftKings, its strong presence in the NFL betting segment could help power the second half of the fiscal year.
"We think DKNG is still well-positioned to execute during 2H and NFL season where it tends to excel, and see both easier hold comps ahead and strong handle share growth in Q2 as positive signs."
DKNG Price Action: DraftKings shares were down 0.24% to $36.84 on Monday, versus a 52-week trading range of $25.41 to $49.57. DraftKings shares are up 19.3% over the last year.
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Photo: Shutterstock

Analyst Color

Sports Betting

Reiteration

DKNG

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DraftKings Analyst Cautious On Q2, But Optimistic About NFL Season: 'Well-Positioned To Execute' In Second Half Of Year

NXP Semiconductors N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) reported second-quarter financial results after the bell on Monday. Here&#8217;s a <a href="https://www.benzinga.com/pressreleases/24/07/g39893177/nxp-semiconductors-reports-second-quarter-2024-results">rundown of the report</a>.
Q2 Earnings: NXP said second-quarter revenue decreased 5% year-over-year to $3.127 billion, beating analyst estimates of $3.125 billion. The company reported adjusted earnings of $3.20 per share, narrowly missing estimates of $3.21 per share, per <a href="http://pro.benzinga.com">Benzinga Pro</a>.
The earnings miss appears to be weighing on shares, especially considering that NXP has a strong history of earnings beats. The company had met or exceeded analyst estimates in 15 of the last 16 quarters heading into Monday&#8217;s print, according to data from <a href="http://pro.benzinga.com">Benzinga Pro</a>.
NXP said cash flow from operations came in at $761 million. The company also generated $577 million of free cash flow during the quarter. 
&#8220;NXP delivered quarterly revenue of&nbsp;$3.13 billion, consistent with our&nbsp;guidance, with all our focus end-markets performing in-line with our expectations,&#8221; said Kurt Sievers, president and CEO of NXP.
&#8220;With our second-quarter results and guidance for the third quarter, NXP has successfully navigated the cyclical trough in our businesses and we expect to resume sequential growth. We continue to manage what is in our control enabling NXP to drive resilient profitability and earnings in a challenging demand environment.&#8221;
Outlook: NXP expects third-quarter revenue to be in the range of $3.15 billion to $3.35 billion versus estimates of $3.35 billion. The company sees third-quarter adjusted earnings in the range of $3.21 to $3.63 per share versus estimates of $3.56 per share. 
Management will hold a conference call to discuss these results Tuesday morning at 8 a.m. ET.
NXPI Price Action: <a href="https://www.benzinga.com/quote/NXPI">NXP Semiconductors shares</a> were down 8.21% at $260.50 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
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NXP Semiconductors Q2 Earnings: Revenue Beat, EPS Miss — 'NXP Has Successfully Navigated The Cyclical Trough ... And We Expect To Resume Sequential Growth'

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