Streetbeat News

Earnings

PSA

Public Storage (NYSE:PSA) reported Q4 2023 earnings of $4.20 per share, surpassing the $4.14 estimate. However, its sales of $1.09B fell short of the $1.15B estimate, marking a 6.23% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 9:47 pm

MTDR

Matador Resources (NYSE:MTDR) reported Q4 earnings of $1.99 per share, surpassing the $1.78 estimate, and sales of $836.13M, exceeding the $800.91M estimate. This represents a 4.33% decrease in earnings per share but an 18.19% increase in sales compared to the same period last year.

Portfolio Pulse from Happy Mohamed

February 20, 2024 | 9:46 pm

BKD

Brookdale Senior Living (NYSE:BKD) reported Q4 2023 GAAP EPS of $(0.40), missing the $(0.21) estimate by 90.48%, and a 207.69% decrease from last year. Sales of $754.48M beat the $753.67M estimate, a 7.69% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 9:46 pm

IFF

IFF shares are trading lower following the announcement of mixed Q4 financial results and a significant reduction in its expected quarterly dividend, which has been cut by approximately 50% to $0.40 per share.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 9:46 pm

AROC

Archrock (NYSE:AROC) reported its Q4 earnings on February 20, 2024, with an EPS of $0.21, matching estimates. Revenue increased by $40.72 million year-over-year. The company had previously beaten EPS estimates in Q3 2023, leading to a 4.55% share price increase the following day.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 9:45 pm

IDYA

IDEAYA Biosciences (NASDAQ:IDYA) reported Q4 earnings with an EPS of $-0.52, missing estimates by 10.64% compared to the expected $-0.47. Revenue decreased by $99 thousand from the same period last year. In the previous quarter, the company beat EPS estimates which led to a 5.67% increase in share price the following day.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 9:45 pm

TX

Ternium (NYSE:TX) reported Q4 earnings with an EPS of $2.11, surpassing the estimate of $1.01 by 108.91%. Revenue increased by $1.39 billion from the same period last year. Despite missing EPS estimates last quarter and experiencing a 2.96% share price drop the following day, Ternium has shown significant improvement in its latest earnings report.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 9:45 pm

MAX

MediaAlpha projects Q1 revenue to be between $105M-$115M, indicating a 1% year-over-year decline at the midpoint. The expected Q1 transaction value is forecasted to be $175m-$190m, showing a 6% decrease year-over-year at the midpoint. However, adjusted EBITDA is anticipated to be between $9.5 million and $11.5 million, marking a 45% increase year-over-year at the midpoint of the guidance range.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 9:44 pm

ENVX

Enovix Corp (NASDAQ:ENVX) reported Q4 revenue of $7.38 million, surpassing estimates of $3.37 million but had an adjusted loss of 28 cents per share, missing the expected loss of 27 cents. The company attributes its strong performance to Routejade and U.S. Army shipments. Enovix ended the quarter with $306.8 million in cash and investments, and aims to become a scale supplier with significant revenue and margins. For Q1, Enovix forecasts revenue between $3.5 million and $4.5 million, below estimates, and anticipates a larger loss per share than expected. Shares rose 5.94% after hours to $12.48.

Portfolio Pulse from Adam Eckert

February 20, 2024 | 9:43 pm

MED

MEDIFAST INC projects its Q1 2024 earnings per share (EPS) to be between $0.25 and $0.95, significantly below the estimated $1.50. The company also forecasts revenue to range from $155 million to $175 million, which is lower than the expected $205.786 million.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 9:42 pm