Streetbeat News

Earnings

NWN

Northwest Natural has projected its earnings per share (EPS) for fiscal year 2024 to be in the range of $2.20 to $2.40, which is below the estimated $2.75.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 11:09 am

LAMR

Lamar Advertising projects its FY24 EPS to be between $5.02 and $5.07, below the estimated $5.19, and its AFFO per share to range from $7.67 to $7.82, closely aligning with the estimated $7.79.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 11:05 am

NWN

Northwest Natural has reaffirmed its long-term EPS growth rate target of 4% to 6% compounded annually from 2022 through 2027, indicating confidence in its financial strategy and growth prospects.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 11:05 am

NWN

Northwest Natural Holding (NWN) reported Q4 earnings of $1.21 per share, missing the $1.27 estimate, and sales of $355.71M, missing the $360.31M estimate. This represents an 11.03% decrease in earnings and a 5.21% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 11:03 am

HBM

Hudbay Minerals (NYSE:HBM) reported Q4 adjusted EPS of $0.20, surpassing the $0.13 estimate, marking a 1900% increase from last year's $0.01. Sales reached $602.19M, exceeding the $542.12M estimate, an 87.48% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 11:02 am

LAMR

Lamar Advertising (NASDAQ:LAMR) reported Q4 earnings of $1.46 per share, surpassing the $1.35 estimate, marking a 124.62% increase from last year. Sales reached $555.91M, exceeding the $547.66M estimate, up 3.81% from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 11:01 am

NKLA

Nikola Corp (NASDAQ:NKLA) aims to deliver at least 100 battery-electric trucks in 2024 after addressing fire issues that led to recalls last year. The company plans to restart deliveries in late Q3 or early Q4 2024, with recalled vehicles returned to customers by end of Q2 or early Q3 after receiving new battery packs. The upgraded trucks will feature improved battery packs and other enhancements. Nikola produced 38 trucks last year, down from 258 in 2022, with a gross loss of $214.1 million, attributed to the recall costs.

Portfolio Pulse from Anan Ashraf

February 23, 2024 | 10:36 am

Block (NYSE:SQ) stock surged nearly 14% in premarket trading following its Q4 2023 earnings report, showing a 22% year-over-year rise in gross profit and robust growth in Square and Cash App revenue. The company raised its adjusted EBITDA forecast and reported significant growth in Cash App's gross profit and monthly transacting actives. The stock's surge is attributed to strategic moves including major layoffs aimed at boosting efficiency.

Portfolio Pulse from Benzinga Neuro

February 23, 2024 | 10:27 am

AAOI

ARDX

BKNG

CAN

CPRT

INDI

MAIN

MELI

MODV

RCEL

Ardelyx, Inc. reported mixed Q4 financial results, missing EPS estimates but beating sales forecasts, leading to a 13.3% pre-market drop. Other stocks like Applied Optoelectronics, indie Semiconductor, ModivCare, Booking Holdings, MercadoLibre, Copart, AVITA Medical, Main Street Capital, and Canaan also saw pre-market declines due to various financial disappointments.

Portfolio Pulse from Avi Kapoor

February 23, 2024 | 9:50 am

CCEP

WBD

Earnings reports for February 23, 2024, include a mix of projected profits and losses across various sectors. Notable companies like Hyatt Hotels, Coca-Cola Europacific, and Warner Bros. Discovery are among those reporting. Expectations range from significant earnings per share to losses, reflecting diverse financial health and market positions.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 9:44 am