Streetbeat News

Earnings

HBCP

Home Bancorp (NASDAQ:HBCP) reported Q1 2024 earnings of $1.14 per share, surpassing the consensus estimate of $0.97 by 17.53%. Quarterly sales were $28.901M, exceeding estimates of $28.450M by 1.59%, but represented an 8.53% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 9:22 pm

SNV

Synovus Financial Corp. (SNV) reported Q1 2024 adjusted earnings per share (EPS) of $0.79, missing the consensus estimate of $0.99 by 20.2%. Quarterly sales were $537.734 million, below the estimate of $547.634 million by 1.81%, marking a 12.40% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 9:15 pm

OSBC

Old Second Bancorp (OSBC) reported Q1 2024 adjusted EPS of $0.47, meeting analyst estimates, with sales of $70.284M surpassing the $69.799M forecast, a 0.70% beat but a 1.61% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 9:13 pm

FR

First Industrial Realty Trust has revised its 2024 FFO per share outlook from $2.54-$2.64 to $2.53-$2.63, citing ongoing economic uncertainty and cautious leasing decisions by businesses. The adjustment reflects changes in leasing assumptions within its same store portfolio.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 9:08 pm

FR

First Industrial Realty (NYSE:FR) has received mixed ratings from analysts, with recent evaluations ranging from bullish to bearish. The average 12-month price target for FR is $57.8, reflecting a slight increase from the previous target. Analysts from firms like Mizuho, Barclays, JP Morgan, Truist Securities, and RBC Capital have adjusted their ratings and price targets, indicating a dynamic perception of the company's value. First Industrial Realty, a REIT focusing on industrial real estate, has shown strong financial performance with notable revenue growth, high net margin, and effective debt management.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 9:01 pm

FR

First Industrial Realty (NYSE:FR) reported a Q1 FFO per share of $0.60, missing the consensus estimate of $0.61, but saw an 8.60% increase in sales to $162.27M, beating the $161.53M estimate.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 9:00 pm

SLG

SL Green Realty (NYSE:SLG) reported Q1 2024 FFO of $3.07 per share, surpassing the $2.16 estimate by 42.13%. However, their sales of $128.203M fell short of the $152.668M estimate by 16.02%, marking a 26.57% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 9:00 pm

RIG

Transocean has released its quarterly fleet status report, disclosing a total backlog of $8.9 billion as of April 17, 2024. This update provides insight into the company's future revenue potential and operational status.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 8:52 pm

ADTN

ADTRAN announced its decision to close its Greifswald, Germany facility as part of its Business Efficiency Program, expecting to incur costs between $13.5 million to $18.4 million, including severance, lease exit costs, and accelerated depreciation. These charges will be fully incurred in fiscal year 2024, with cash payments extending into 2025.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 8:50 pm

NKE

Caitlin Clark, drafted first overall by the Indiana Fever in the WNBA draft, will earn under $80,000 in her rookie year, sparking discussions on the fairness of WNBA salaries. Despite earning millions from Name Image and Likeness deals and endorsements with brands like Prada and Nike Inc (NYSE:NKE), Clark's WNBA salary is considered low by some. Comparisons to NBA salaries and the gender pay gap in sports have fueled the debate. Clark's popularity and potential for additional earnings through endorsements are noted, alongside the financial disparities between the NBA and WNBA.

Portfolio Pulse from Aaron Bry

April 17, 2024 | 8:47 pm