Streetbeat News

Earnings

ACNT

MP

MTRN

X

Proxy advisory firms ISS and Glass Lewis recommend U.S. Steel's sale to Nippon Steel, highlighting the deal's premium and all-cash offer. Ascent Industries reports a significant drop in sales and a shift to net loss for Q4 and the full year of 2023. Materion anticipates a 10% decline in Q1 sales but remains hopeful for recovery in 2024. MP Materials receives a $58.5 million grant to build America's first fully-integrated rare earth magnet facility, aiming to reduce dependency on imports and address national security concerns.

Portfolio Pulse from Austin DeNoce

April 01, 2024 | 9:25 pm

GOEV

Canoo anticipates its 2024 annual revenue to be between $50M and $100M, which is below the estimated $152.525M. The company also expects a cash outflow of $45M to $75M per quarter.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 9:22 pm

GOEV

Canoo (NASDAQ:GOEV) reported its Q4 earnings with an adjusted EPS of $(1.73), surpassing the $(1.77) estimate. However, its sales of $367.00K fell short of the expected $703.80K.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 9:20 pm

XBP

XBP Europe Holdings reported a 2023 revenue of $166.6 million, marking a 7.7% decrease compared to the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 9:12 pm

CENN

Cenntro Inc. reported a significant increase in its Q4 2023 net revenue, up 376% to $8.6 million. Despite this revenue growth, the company still reported a net loss of $13.0 million, which is an improvement from the $73.3 million loss reported in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 9:10 pm

MVST

Microvast Holdings (NASDAQ:MVST) reported Q4 adjusted EPS of $(0.04), surpassing the $(0.07) estimate, with sales of $104.58M exceeding the $94.43M forecast. This represents a 20% decrease in losses per share and a 61.39% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 9:05 pm

S

SentinelOne (NYSE:S) has received mixed analyst ratings over the last three months, with a shift towards more bullish sentiments in recent evaluations. The average 12-month price target for SentinelOne has increased to $30.38, up 16.67% from the previous $26.04. Analysts from firms like JMP Securities, Morgan Stanley, and Goldman Sachs have adjusted their ratings and price targets, reflecting a positive outlook on the company's performance. SentinelOne, a cloud-based cybersecurity firm, has shown solid revenue growth of 38.13% as of January 31, 2024, but struggles with profitability and efficiency metrics such as net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 9:01 pm

NGS

Natural Gas Services Gr (NYSE:NGS) reported Q4 earnings with an EPS of $0.14, surpassing the estimate of $0.06 by 133.0%. Revenue increased by $13.70 million from the same period last year. The company had previously beaten EPS estimates last quarter, leading to a 13.0% share price increase the following day. This performance continues a trend of exceeding EPS and revenue estimates over the past year.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 9:00 pm

EAST

Eastside Distilling (NASDAQ:EAST) reported Q4 earnings with a loss of $(1.16) per share, missing the $(0.90) estimate, and sales of $2.08M, missing the $3.68M estimate. This represents a 61.33% improvement in losses and an 11.82% decrease in sales year-over-year.

Portfolio Pulse from dijoy@benzinga.com

April 01, 2024 | 8:59 pm

NGS

Natural Gas Services Gr (NGS) reported Q4 2023 earnings of $0.14 per share, surpassing the $0.06 estimate, with sales of $36.221M exceeding the $30.301M forecast. This represents a 60.84% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 8:59 pm