Streetbeat News

Earnings

AMC

AMC Entertainment Holdings Inc has announced that its Q2 box office results are expected to continue being negatively impacted by the ongoing Hollywood strikes throughout 2023. This statement suggests potential challenges in revenue generation for the company during this period.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 8:21 pm

AMC

AMC Entertainment Holdings, Inc. (NYSE:AMC) released its Q1 2024 preliminary results, showing a net loss of $(163.5) million, an improvement from the previous year's $(235.5) million. Revenue was $951.4 million, exceeding estimates of $861.06 million. The diluted loss per share was $(0.62), better than the estimated $(0.79). The company also launched an ATM equity program, selling 12.8 million shares and raising $41.8 million. Despite the impact of the 2023 Hollywood strikes, AMC outperformed consensus estimates for Revenue, Adjusted EBITDA, Net Income, and Diluted EPS.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 8:17 pm

NWL

Newell Brands Inc is undergoing a restructuring and organizational realignment plan, with estimated charges between $75M-$90M, expected to be substantially incurred by the end of 2024, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 8:07 pm

BLUE

Bluebird Bio, Inc. (NASDAQ:BLUE) received a notice from Nasdaq for not filing its Annual Report on Form 10-K for 2023, violating Nasdaq Listing Rule 5250(c)(1). The company has until June 24, 2024, to submit a compliance plan. The delay is due to the need to restate financial statements for 2022 and unaudited financial information for 2023 and 2022, related to embedded leases and non-lease components in lease agreements. Bluebird Bio is working to complete the filing as soon as possible and does not anticipate an impact on its cash position or revenue from the restatements.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 8:06 pm

KIND

Nextdoor Holdings, Inc. announced its Q1 revenue is expected to exceed and its adjusted EBITDA loss to be narrower than previously reported. These are preliminary estimates, subject to financial closing procedures and adjustments. Final results will be discussed in a Q&A webcast on May 7, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 8:04 pm

CMG

Chipotle Mexican Grill, Inc. (NYSE:CMG) stock reached a new all-time high of $3,199.99, driven by stellar Q1 earnings that surpassed EPS and revenue estimates, leading to an over 8% increase since the report. The stock has shown significant growth, up over 75% in the past six months and over 39% YTD. Analysts have raised price targets, and technical indicators suggest further bullish momentum, despite an overbought RSI. Jim Cramer praised Chipotle's strategy on CNBC.

Portfolio Pulse from Surbhi Jain

April 26, 2024 | 8:02 pm

HTZ

Analyst sentiment towards Hertz Global Holdings (NASDAQ:HTZ) has shifted negatively, with recent ratings showing a decrease in the average price target by 30.21% to $6.86. Over the last three months, 7 analysts have published ratings, with the latest assessments indicating a more bearish outlook. The company's financial overview reveals a market capitalization below industry average, a revenue growth rate of 7.32%, and a net margin of -15.93%. Despite this, Hertz demonstrates strong financial performance with an impressive ROE of -10.74% and an efficient management of assets with an ROA of -1.39%.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 8:01 pm

ON

ON Semiconductor has seen significant options trading activity, with a bearish sentiment prevailing among investors. Analysis of 30 trades shows 40% bullish and 56% bearish positions, with puts outnumbering calls. The trading focuses on a price range of $55.0 to $110.0. The company, a leading supplier of power semiconductors and sensors, is currently trading up 2.49% at $68.03, with neutral RSI readings and an earnings release expected in 3 days. Analysts have mixed views, with target prices ranging from $55 to $104.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 8:01 pm

RVLV

Analysts have diverse opinions on Revolve Group (NYSE:RVLV), with recent evaluations showing a mix of bullish to bearish sentiments. The average 12-month price target is $20.59, indicating a 17.66% increase from the previous target. Analysts from firms like Stifel, UBS, and BTIG have raised their price targets, reflecting optimism. However, Revolve's financials show challenges, including a slight revenue decline and below-average profitability metrics. Despite this, its unique market position and growth in digital retail could offer potential.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 8:00 pm

DB

Deutsche Bank anticipates a legal provision in Q2 2024 due to a court's statements on the Postbank takeover litigation, impacting its Q2 and FY profitability and capital ratios.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 7:56 pm