Streetbeat News

Earnings

BB

BlackBerry has announced its expectation to be cashflow and adjusted EBITDA positive for the fiscal year 2025. This forward-looking statement indicates a positive outlook for the company's financial health and operational efficiency in the coming years.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 9:08 pm

LGIH

LGI Homes reported closing 482 homes in March 2024, bringing its first quarter total to 1,083 homes closed. As of March 31, 2024, LGI Homes operates 120 active selling communities.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 9:07 pm

BB

BlackBerry reported Q4 adjusted earnings of $0.03 per share, surpassing the $(0.03) estimate, and sales of $173M, beating the $154.78M estimate. This represents a 250% increase in earnings and a 14.57% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 9:06 pm

META

Recent analyst ratings for Meta Platforms (NASDAQ:META) show a predominantly bullish outlook, with 29 analysts offering insights over the past three months. The average 12-month price target is $506.66, marking a 19.34% increase from the previous target. Analyst actions include various adjustments to ratings and price targets, reflecting a positive sentiment towards Meta's market standing and financial performance. Meta's financials indicate strong growth, profitability, and efficient asset and debt management, with significant revenue growth and above-average net margin and ROE.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 9:00 pm

XOM

Exxon Mobil anticipates a negative impact on Q1 upstream earnings due to changes in gas and liquids prices, with a projected decrease of $0.6B to $0.2B and $0.4B to flat, respectively, compared to Q4. However, changes in industry margins are expected to positively affect Q1 2024 energy products results by $0.5B-$0.7B versus Q4, as per an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 8:57 pm

LEVI

Levi Strauss & Co. (NYSE:LEVI) reported Q1 earnings of 26 cents per share, surpassing the consensus estimate of 21 cents. Quarterly sales were $1.558 billion, slightly above the $1.547 billion estimate but down 7.76% year-over-year. Inventories decreased by 14%, while direct-to-consumer revenues rose by 7%. The company raised its FY24 EPS guidance from $1.15-$1.25 to $1.17-$1.27, against an estimate of $1.21. LEVI shares rose 6.59% after-hours to $19.89.

Portfolio Pulse from Erica Kollmann

April 03, 2024 | 8:51 pm

LOW

Significant bearish options activity has been observed for Lowe's Companies (NYSE:LOW), with a notable split in sentiment among big-money traders: 25% bullish and 75% bearish. The options trades suggest a target price range of $230.0 to $245.0. Despite this, the stock is currently down by -1.53%, trading at $240.7. Market experts have issued mixed ratings, with a consensus target price of $248.2. The next earnings report is expected in 48 days.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 8:45 pm

SLP

Simulations Plus reported better-than-expected Q2 financial results and issued positive guidance, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 8:42 pm

RGP

Resources Connection (RGP) reported Q3 2024 adjusted EPS of $0.17, surpassing the $0.06 estimate, but its sales of $151.300M fell short of the $152.772M forecast, marking an 18.99% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 8:41 pm

GFI

Gold Fields (NYSE:GFI) has commenced production at its Salares Norte mine in Chile, marking a significant milestone with the first gold-silver doré pour. The project, which began over 13 years ago, represents a major investment exceeding $1 billion and is crucial for Gold Fields' goal of producing 2.8 million ounces of gold by 2025. Initial production is expected to be around 250,000 ounces this year, with a target of 580,000 ounces in full-year production next year. The mine is expected to create 900 permanent jobs, contribute nearly $800 million in taxes over its 11-year lifespan, and incorporate innovative technologies and environmental initiatives.

Portfolio Pulse from Stjepan Kalinic

April 03, 2024 | 8:40 pm