Streetbeat News

Earnings

WING

Wingstop has updated its 2024 financial outlook, now expecting low double-digit growth in domestic same-store sales, up from previous mid-single-digit projections. The company also anticipates opening 275 to 295 new global units, with SG&A expenses around $111 million and stock-based compensation expenses about $20 million. Depreciation and amortization costs are expected to remain between $18 to $19 million.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:09 pm

DRS

Leonardo DRS forecasts its FY24 adjusted EPS to be between $0.74 and $0.82, compared to the estimated $0.80. The company also projects its revenue to range from $2.925 billion to $3.025 billion, against the estimated $3.008 billion.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:09 pm

GTES

Gates Industrial Corp (GTES) reported Q1 2024 earnings of $0.31 per share, missing the consensus estimate of $0.32. Sales were $862.6M, below the $870.272M estimate, marking a 3.91% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:09 pm

LTH

Life Time Group Holdings has increased its FY24 revenue forecast to $2.50B-$2.53B, up from the previous estimate of $2.46B-$2.50B, surpassing the $2.48B analyst estimate. The company also raised its FY24 adjusted EBITDA outlook to $603M-$618M from $595M-$610M.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 11:58 am

NCLH

Norwegian Cruise Lines shares dropped due to a Q1 revenue miss and disappointing FY24 guidance.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 11:57 am

COCO

Vita Coco has increased its FY24 sales outlook to $500M-$510M from the previous $495M-$505M, surpassing the $503.4M estimate. Adjusted EBITDA is now expected to be between $76M and $82M. The revision is based on year-to-date performance and a positive outlook, despite challenges such as decreased private label coconut oil business and adverse effects from increased ocean freight costs.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 11:49 am

MDXH

MDxHealth (NASDAQ:MDXH) reported Q1 2024 earnings with a GAAP EPS of $(0.31), missing the $(0.30) estimate by 3.33%, but sales of $19.834M exceeded the $18.209M estimate by 8.92%, marking a 34.93% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 11:49 am

SXC

SunCoke Energy (SXC) provides its 2024 financial outlook, expecting net income between $67M-$84M, adjusted EBITDA of $240M-$255M, and domestic coke production of approximately 4.1 million tons. Capital expenditures are projected at $95M, with operating cash flow estimated between $75M-$80M.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 11:41 am

SXC

SunCoke Energy (NYSE:SXC) reported Q1 2024 earnings of $0.23 per share, surpassing the $0.21 estimate, and sales of $488.4M, exceeding the $457.85M estimate. This represents a 21.05% increase in earnings and a 0.12% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 11:38 am

RGEN

Repligen has reaffirmed its adjusted EPS guidance for 2024 to be in the range of $1.42-$1.49, aligning closely with the consensus estimate of $1.46.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 11:35 am