Streetbeat News

Earnings

RCEL

AVITA Medical anticipates its 2024 revenue to be at the lower end of its previously forecasted range of $78.5M-$84.5M, with estimates around $80.093M. The company will release its Q1 2024 financial results after U.S. markets close on May 13, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 9:17 pm

RCEL

AVITA Medical has reduced its Q1 commercial revenue forecast to $11.0-$11.3 million from the previously expected $14.8-$15.6 million, due to a slower-than-expected conversion rate of new accounts for its expanded label of full-thickness skin defects.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 9:14 pm

AEE

Ameren (NYSE:AEE) has received mixed analyst ratings over the past three months, with a recent shift towards a more bearish outlook. The latest ratings include 1 somewhat bullish, 2 indifferent, and 1 bearish. Analysts have adjusted their 12-month price targets, with an average target of $73.75, reflecting a slight increase from the previous average of $72.67. Ameren's financial performance shows a decline in revenue growth by -20.92% for the last quarter of 2023, with a net margin of 9.77%, ROE of 1.41%, and ROA of 0.39%, indicating potential challenges in profitability and asset utilization.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 9:01 pm

RIOT

14 analysts have recently shared mixed evaluations of Riot Platforms (NASDAQ:RIOT), with a shift towards more bullish sentiments in the past 30 days. The average 12-month price target for RIOT has increased to $18.61, up from $17.80. Analyst actions include both upgrades and downgrades, reflecting a dynamic view on the company's performance and outlook. Riot Platforms, a Bitcoin mining company, has shown significant financial growth, with a revenue increase of 31.03% as of December 31, 2023, and outperforms industry averages in net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 9:00 pm

HUBG

Hub Group (NASDAQ:HUBG) has seen varied analyst opinions over the past three months, with recent ratings ranging from bullish to indifferent. The average 12-month price target is now $43.66, down 18.39% from the previous $53.50. Analyst actions include both upgrades and downgrades, reflecting changing market conditions and company performance. Hub Group's financial performance shows a revenue decline of -23.37% over the last quarter, but it outperforms in net margin, ROE, and ROA, with a low debt-to-equity ratio indicating conservative financial management.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 9:00 pm

BW

Babcock & Wilcox announced that its year-to-date signed contracts and awards have reached approximately $500 million, nearly doubling the value achieved during the same period in 2023. Consequently, the company has raised its full-year 2024 Adjusted EBITDA target to $105 million to $115 million, up from the previous guidance of $100 million to $110 million, excluding BrightLoop and ClimateBright expenses.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 8:46 pm

COST

Costco Wholesale Corporation (NASDAQ:COST) reported a 9.4% year-over-year increase in net sales for March, totaling $23.48 billion, and a 6.4% increase for the first 31 weeks of the year, reaching $146.64 billion. Comparable sales rose by 7.7%, with e-commerce sales surging 28.3%. The company also raised its quarterly dividend from $1.02 to $1.16 per share. Following the news, COST shares saw a slight increase in after-hours trading.

Portfolio Pulse from Adam Eckert

April 10, 2024 | 8:39 pm

EJH

NAAS

RENT

In Wednesday's after-market session, several consumer discretionary stocks showed notable movements. Rent the Runway (RENT) led the gainers with a 53.6% increase following their Q4 earnings release. Other gainers included Naas Technology (NAAS), Kaival Brands Innovations (KAVL), Dogness (DOGZ), Barnes & Noble Education (BNED), and Worksport (WKSP). On the losing side, E-Home Household Service (EJH), Lobo EV Technologies (LOBO), Cricut (CRCT), Allurion Technologies (ALUR), Mister Car Wash (MCW), and PLBY Group (PLBY) saw declines.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 8:31 pm

SNOW

Options market activity for Snowflake (NYSE:SNOW) shows a bullish sentiment among investors, with 58% of trades being bullish and 42% bearish. The trades range between $100.0 to $250.0 strike prices, indicating expectations for stock movement within this range. The largest trades include both bullish and bearish positions, with significant amounts invested in puts and calls. Snowflake, a data warehousing company, is currently trading at $152.5, down by -1.98%, and may be approaching oversold territory according to RSI readings. Its next earnings release is anticipated in 42 days.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 8:31 pm

RENT

Rent the Runway, Inc. (NASDAQ:RENT) reported mixed Q4 results with a larger-than-expected loss per share but higher sales than anticipated. The company's shares soared following the announcement, with significant improvements in customer experience and retention highlighted. Rent the Runway expects to reach free cash flow breakeven in fiscal year 2024, with first-quarter revenue projections slightly below estimates and an anticipated revenue growth of 1% to 6% for the fiscal year.

Portfolio Pulse from Erica Kollmann

April 10, 2024 | 8:29 pm