Streetbeat News

Earnings

SPWR

SunPower announced a restructuring plan according to an SEC filing, expecting to incur approximately $28M in restructuring charges.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:10 pm

RCI

Rogers Communications reported its Q1 2024 adjusted earnings per share (EPS) at C$0.99, meeting expectations, while its sales of C$4.90 billion fell short of the estimated C$4.92 billion.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:09 pm

CFFN

Capitol Federal Financial (CFFN) reported Q2 earnings of $0.11 per share, meeting analyst consensus estimates and unchanged from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:06 pm

NEGG

Newegg forecasts FY24 revenue between $1.36B-$1.56B, GMV $1.74B-$1.90B, gross profit $154.6M-$171.7M, net loss $42.8M-$51.7M, and adjusted EBITDA $(9.6)M-$0.2M. Annual report for FY23 to be filed on April 24, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:05 pm

NEGG

Newegg reported a decrease in FY23 revenue to $1.5B from $1.72B in FY22, with a net loss increase to $59.0M from $57.4M. The average order value and active customers also declined, alongside a decrease in repeat purchase rate.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:04 pm

CP

Canadian Pacific Railway (NYSE:CP) reported Q1 2024 adjusted EPS of CAD$0.93, missing the CAD$0.94 estimate, and sales of CAD$3.52B, slightly below the CAD$3.54B estimate. Despite the miss, this represents a 110.02% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:03 pm

GES

Analyst ratings for Guess (NYSE:GES) have shown a mix of bullish and bearish sentiments, with a recent trend towards more bullish ratings. Over the last quarter, 11 analysts provided ratings, with a shift from 2 bullish and 1 indifferent rating a month ago to 1 bullish rating in the last 30 days. The 12-month price targets suggest optimism, with an average target of $31.86, marking a 3.88% increase from the previous $30.67 average. Guess's financial performance is strong, with significant revenue growth, high net margin, ROE, and ROA, alongside prudent debt management.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 1:01 pm

KRUS

Kura Sushi USA (NASDAQ:KRUS) has received diverse analyst ratings over the last three months, with a recent shift towards a more neutral stance. The average 12-month price target for KRUS is now $115.14, marking a 27.65% increase from the previous target of $90.20. Analysts from firms like Piper Sandler, Roth MKM, Craig-Hallum, Barclays, Citigroup, and Lake Street have adjusted their ratings and price targets, reflecting a positive outlook on the company's performance despite its below-industry benchmarks in financial metrics such as market capitalization, net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 1:00 pm

FOXF

Fox Factory Holding Corp (NASDAQ:FOXF) has seen a shift in analyst sentiment, with recent evaluations showing a decrease in the average price target by 24.65% to $54.00. The company faces challenges in revenue growth, profitability, and asset utilization, as indicated by a revenue decline of -18.63%, a net margin of 1.22%, and ROA of 0.21%. Despite these challenges, its debt-to-equity ratio of 0.62 suggests a sound financial structure. Analysts from firms like Stifel, B of A Securities, and Truist Securities have adjusted their ratings and price targets, reflecting concerns over the company's performance and market conditions.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 1:00 pm

RSPC

T

XLC

AT&T Inc. reported a slight decline in Q1 2024 operating revenues to $30.03 billion, missing consensus estimates. However, adjusted EPS of $0.55 exceeded expectations, leading to a stock price increase. The company saw declines in Mobility equipment revenues and Business Wireline revenues but reported increases in wireless net adds, AT&T Fiber net adds, and improved churn rates. Adjusted EBITDA rose to $11.0 billion, with significant increases in operating cash flow and free cash flow. AT&T's focus under CEO John Stankey has been on its core communications services, recovering from recent incidents including a network outage and a security breach. The company maintains its FY24 outlook with expected growth in wireless and broadband revenues, and reaffirms its 2025 EPS growth guidance. AT&T stock is accessible through ETFs like RSPC and XLC.

Portfolio Pulse from Anusuya Lahiri

April 24, 2024 | 1:00 pm