Streetbeat News

Earnings

WTRG

Essential Utilities (NYSE:WTRG) reported Q1 earnings of $0.97 per share, surpassing the $0.77 estimate, a 34.72% increase from last year. However, sales of $612.07M fell short of the $750.08M estimate, marking an 18.40% miss and a 15.75% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 9:00 pm

SFM

Sprouts Farmers Market (NASDAQ:SFM) received mixed analyst ratings, with a shift towards more bearish views in the last 30 days. The average 12-month price target is $58.12, reflecting a 12.03% increase from the previous target. Financial performance shows positive revenue growth and strong profitability metrics, despite a lower market capitalization compared to industry peers.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 9:00 pm

CHRW

C.H. Robinson Worldwide (NASDAQ:CHRW) was analyzed by 8 analysts, showing a shift towards a more bearish sentiment with 3 indifferent and 5 somewhat bearish ratings recently. The average 12-month price target was adjusted to $74.25, a slight decrease of 0.67%. The company's financial performance indicates challenges with a -16.68% revenue growth decline, yet it maintains strong profitability metrics such as a 0.73% net margin and exceptional ROE and ROA figures. Analyst actions varied, with some raising and others lowering their price targets and ratings.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 9:00 pm

FLEX

Financial analysts have mixed views on Flex (NASDAQ:FLEX), with recent ratings ranging from bullish to indifferent. The average 12-month price target for Flex is now $33.00, up from $29.75, indicating a positive outlook. Analysts from Craig-Hallum, Barclays, JP Morgan, and Goldman Sachs have adjusted their ratings and price targets, reflecting changes in market conditions and Flex's performance. Despite a negative revenue trend of -8.42% over the last 3 months, Flex's financial health appears strong with a high net margin and ROE, and a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 9:00 pm

AAON

AAON shares are trading lower following the announcement of worse-than-expected Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 9:00 pm

TNDM

Tandem Diabetes Care's stock is trading higher following the announcement of their Q1 financial results, which surpassed expectations.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 8:59 pm

CTO

CTO Realty Growth reported Q1 2024 FFO of $0.52 per share, surpassing the $0.39 estimate, marking a 33.33% beat and a 20.93% increase from last year. However, their sales of $28.127M fell short of the $29.914M estimate, a 5.97% miss but still a 13.80% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 8:59 pm

MSB

Mesabi Trust (NYSE:MSB) received a total royalty payment of $5,059,648 from Cleveland-Cliffs Inc. (Cliffs) on April 30, 2024, for iron ore shipments from Silver Bay, Minnesota during Q1 2024. The payment includes base and bonus royalties based on the volume of iron ore shipped, which was 1,006,692 tons, a significant increase from zero tons shipped in Q1 2023. The variations in royalty payments are influenced by multiple factors including Cliffs' operational decisions and general economic conditions.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 8:59 pm

SPT

Sprout Social shares are trading lower following the announcement of Q1 revenue results that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 8:59 pm

OHI

Omega Healthcare Investors, Inc. (OHI) has reaffirmed its adjusted Funds From Operations (FFO) per share outlook for 2024 to be in the range of $2.70-$2.80, aligning closely with the estimated $2.77.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 8:59 pm