Streetbeat News

Earnings

PANW

S

SentinelOne, Inc. (NYSE:S) shares dropped following weak guidance from Palo Alto Networks, Inc. (NASDAQ:PANW) despite their own recent positive analyst upgrade. Palo Alto reported a 19% revenue increase in Q2 but projected lower-than-expected earnings for Q3. SentinelOne had been upgraded by B of A Securities from Neutral to Buy, with a price target increase from $26.50 to $35. SentinelOne's stock is down 11.5% at $25.79, but analysts have a positive outlook with an average 12-month price target of $28.18.

Portfolio Pulse from Erica Kollmann

February 21, 2024 | 4:48 pm

LUNR

Intuitive Machines Inc (NASDAQ:LUNR) shares are experiencing volatility due to updates on its Moon landing mission. The company's Nova-C class lunar lander, launched on SpaceX's Falcon 9 rocket, is en route to the Moon and performed a precise lunar orbit insertion. The mission, part of NASA's Commercial Lunar Payload Services, is on track for a landing. High trading volumes and stock halts were noted, with volatility attributed to low float and high short interest. Fourth quarter financial results are anticipated soon, with expectations of a loss and specific revenue figures.

Portfolio Pulse from Adam Eckert

February 21, 2024 | 4:45 pm

BLCO

Bausch & Lomb's stock price increased following the announcement of their Q4 earnings, which exceeded expectations. Additionally, the company provided revenue guidance for 2024 that surpassed analyst estimates.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 4:34 pm

LIVN

LivaNova shares surged following the announcement of their Q4 results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 4:33 pm

MPW

Medical Properties Trust (MPW) reported Q4 FY23 revenues of $336.6 million, surpassing consensus estimates but experienced a decline in NFFO per share to $0.36 from $0.43 a year ago. The company reported a net loss of $(664) million, significantly higher than the previous year's $(140) million. Total assets were $18.3 billion, with a focus on accelerating capital allocation strategy for 2024. Uncertainty around hospitals leased to Steward and liquidity transactions led MPW to withhold FY24 guidance.

Portfolio Pulse from Lekha Gupta

February 21, 2024 | 4:28 pm

AMD

NVDA

AMD shares dropped 1.9% to $162.63, influenced by anticipation of NVIDIA's earnings report. Despite no specific news on AMD, its performance is closely watched in relation to NVIDIA's results, especially in the AI sector. AMD has shown a strong revenue growth of 38.27% annually over the past 5 years, with a forward P/E ratio of 49.51, higher than its peers' average of 30.46.

Portfolio Pulse from Henry Khederian

February 21, 2024 | 4:24 pm

SUI

Sun Communities' shares rose following the announcement of better-than-expected Q4 financial results and positive FY24 Core FFO guidance. The company also announced an increase in its annual distribution.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 4:20 pm

WING

Wingstop Inc. (NASDAQ:WING) reported Q4 fiscal 2023 earnings with adjusted EPS of 64 cents, surpassing Wall Street's estimate of 57 cents. Revenues rose 21.2% to $127.05 million, exceeding expectations. System-wide sales increased 24.5% to $965.9 million. The company announced 115 net new openings, bringing the total to 2,214 Wingstop restaurants. Adjusted EBITDA grew 13.2% to $39.1 million. A quarterly dividend of 22 cents per share will be paid on March 29, 2024. For fiscal 2024, Wingstop anticipates mid-single-digit domestic same-store sales growth and around 270 global net new units. The company expects stock-based compensation expense of about $19 million and depreciation and amortization of $18 million to $19 million. Despite the positive report, WING shares dropped 2.77% to $315.47.

Portfolio Pulse from Nabaparna Bhattacharya

February 21, 2024 | 4:16 pm

CLH

Clean Harbors reported lower-than-expected Q4 revenue results, leading to a decrease in its stock price.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 4:05 pm

MFIN

Medallion Financial's shares dropped following mixed Q4 financial results, indicating a disparity between expected and actual financial performance.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 4:03 pm