Streetbeat News

Earnings

CINT

CI&T expects Q1 2024 net revenue of at least $104M, below the $106.78M estimate, and forecasts FY24 net revenue growth between -2.5% and 2.5%, compared to the $461.08M estimate. The company also anticipates an Adjusted EBITDA margin of 17% to 19% for FY24.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 11:55 am

CINT

CI&T reported its unaudited fourth quarter 2023 results, with net revenue of R$ 522.6 million, down from R$ 611.8 million in 4Q22. Adjusted EBITDA fell to R$ 103.6 million from R$ 127.4 million in 4Q22, with an EBITDA margin of 19.8%. The company's employee count stood at 6,111, remaining stable compared to the previous quarter.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 11:52 am

BKE

Buckle reported a decrease in February comparable store net sales by 11.5%. The net sales for the 4-week fiscal month ended March 2, 2024, decreased by 5.2% to $78.2 million compared to $82.5 million for the same period in the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 11:52 am

BURL

Burlington Stores has expressed confidence in its future, specifically for the year 2024, regarding its comparable store sales and margin assumptions that were previously shared in November. This forward-looking statement indicates a positive outlook on the company's financial health and operational efficiency.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 11:50 am

BJ

BJ's Wholesale Club projects its FY24 adjusted EPS to be between $3.75 and $4.00, slightly below the $3.98 estimate. The company expects comparable club sales, excluding gasoline, to grow 1% to 2% year-over-year, and merchandise gross margins to improve by about 20 basis points. Capital expenditures are anticipated to be around $500 million.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 11:49 am

BURL

Burlington Stores has provided its FY24 outlook, projecting an adjusted EPS of $7.00-$7.60, which is around the estimated $7.08. This forecast does not include $0.11, net of tax, of expected expenses related to the acquired Bed Bath & Beyond leases, with an assumption of a fully diluted share count of approximately 64 million shares.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 11:49 am

CI

Cigna has increased its long-term average annual adjusted EPS growth target to 10%-14% and has reaffirmed its 2024 adjusted EPS guidance of at least $28.25, compared to the estimated $28.42.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 11:49 am

STVN

Stevanato Gr (NYSE:STVN) reported Q4 2023 adjusted EPS of $0.194, surpassing the $0.190 estimate, with sales of $345.091M exceeding the $326.434M forecast. This represents a 15.75% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 11:48 am

BJ

BJ's Wholesale Club reported a modest increase in Q4 comparable club sales (excluding gasoline) of 0.5% Y/Y, driven by accelerating traffic. Membership fee income saw a significant rise of 6.5% Y/Y to $108.4M, maintaining a strong tenured member renewal rate of 90% during fiscal 2023. Additionally, digitally-enabled comparable sales surged by 28% Y/Y, highlighting the company's growing digital presence.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 11:47 am

BURL

Burlington Stores (NYSE:BURL) reported Q4 adjusted earnings of $3.66 per share, surpassing the $3.30 estimate, and sales of $3.13B, exceeding the $3.07B estimate. This represents a 23.65% increase in earnings and a 13.92% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 11:46 am