Streetbeat News

Earnings

IPAR

Interparfums, Inc. reported record Q3 net sales of $425 million, a 15% increase from the previous year, and reaffirmed its 2024 guidance of $1.45 billion in net sales. The growth was driven by strong performance in both European and US markets, with notable contributions from brands like Jimmy Choo, Montblanc, and GUESS. The company plans to announce its 2025 guidance on November 12, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 8:19 pm

SIGI

Selective Insurance Group reported Q3 sales of $1.24 billion, surpassing the analyst estimate of $1.17 billion and marking a 17.58% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 8:19 pm

HXL

Hexcel Corporation has provided its 2024 financial guidance, projecting sales between $1.90 billion and $1.98 billion, compared to the estimated $1.924 billion. The adjusted EPS is expected to be between $2.02 and $2.18 per share, against the estimated $2.05.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 8:18 pm

BOKF

BOK Financial (NASDAQ:BOKF) reported Q3 2024 earnings per share of $2.18, surpassing the analyst estimate of $1.98 by 10.1%. Sales reached $516.311 million, exceeding the $510.580 million estimate. Both earnings and sales showed year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 8:17 pm

HXL

Hexcel's Q3 2024 earnings per share of $0.47 surpassed expectations, but sales of $456.50 million slightly missed estimates. Sales increased by 8.82% compared to the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 8:16 pm

MEDP

Medpace Holdings reported Q3 2024 earnings per share of $3.01, surpassing the expected $2.78, but sales of $533.3 million fell short of the $540.987 million estimate. Despite the sales miss, revenue increased by 8.28% compared to the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 8:16 pm

BOOM

DMC Global has revised its Q3 financial guidance, lowering expected sales and adjusted EBITDA due to weaker performance in its Arcadia and DynaEnergetics divisions. The company also announced a significant goodwill impairment charge related to its acquisition of Arcadia.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 8:16 pm

TXN

Texas Instruments (NASDAQ:TXN) has seen significant options activity, with a majority of trades being bullish. Analysts have set price targets ranging from $200 to $250, indicating potential upward movement. The stock is currently trading at $195.77, with earnings expected soon.

Portfolio Pulse from Benzinga Insights

October 21, 2024 | 8:15 pm

HTZ

JPMorgan has downgraded Hertz Global Holdings Inc (NASDAQ:HTZ) to 'Underweight', citing challenges such as declining EBITDA, inability to generate positive free cash flow, and a $1 billion loss from its green initiative. Hertz's partnerships and potential earnings growth were overestimated, leading to a scrapped $5 price target for December 2024. The company faces a $272 million bill related to its past bankruptcy, and is not expected to return to normalized earnings until after 2026.

Portfolio Pulse from Anthony Noto

October 21, 2024 | 8:13 pm

FLXS

Flexsteel Industries projects Q2 sales between $103 million and $107 million, surpassing the estimated $101.60 million.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 8:13 pm