Streetbeat News

Earnings

SHIP

Seanergy Maritime Holdings (NASDAQ:SHIP) reported Q4 earnings, surpassing estimated earnings by 123% with an EPS of $0.58 against an estimate of $0.26. Revenue increased by $10.90 million from the same period last year. The company has a history of beating EPS estimates, which previously led to a 1.0% increase in share price the following day.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 1:05 pm

SHIP

Seanergy Maritime Holdings (SHIP) reported Q4 2023 adjusted EPS of $0.58, surpassing the $0.26 estimate, with sales of $39.4M exceeding the $35.467M forecast. This represents a 38.11% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 1:01 pm

ULTA

Ulta Beauty, Inc. has issued its revenue guidance for the year 2024, projecting revenues to be between $11.7 billion and $11.8 billion. This forecast surpasses the estimated revenues of $11.14 billion by analysts.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 12:59 pm

GIII

G-III Apparel Group Ltd (NASDAQ:GIII) reported mixed Q4 FY24 results with a sales decline of 10.5% year-on-year to $764.78 million, missing estimates, but an adjusted EPS of 76 cents beating expectations. The company sees FY25 sales of $3.20 billion and adjusted EPS of $3.50 - $3.60, below consensus estimates. Shares fell 12.1% following the announcement. Telsey Advisory Group and Wells Fargo adjusted their price targets on G-III Apparel.

Portfolio Pulse from Avi Kapoor

March 15, 2024 | 12:59 pm

BKE

Buckle Inc (NYSE:BKE) reported a Q4 FY23 sales decline of 4.8% year-on-year to $382.4 million, missing analyst estimates. Comparable store sales and online sales also saw declines. Despite this, EPS of $1.59 surpassed expectations. Operating income and gross profit decreased, while operating expenses slightly increased. Buckle held $290.4 million in cash and equivalents by February 3, 2024. BKE shares closed lower by 1.28% at $37.66.

Portfolio Pulse from Shivani Kumaresan

March 15, 2024 | 12:59 pm

DG

Dollar General Corp (NYSE:DG) reported Q4 FY23 earnings surpassing expectations with a 3.4% sales decline to $9.858 billion and an EPS of $1.83. The company declared a quarterly dividend of 59 cents per share. To earn a $500 monthly dividend, an investor would need 2,542 shares, equating to approximately $381,453 investment. The dividend yield is 1.57%. DG's stock fell 5.1% to close at $150.06 following the announcement.

Portfolio Pulse from Avi Kapoor

March 15, 2024 | 12:56 pm

CPRT

GE

GRIN

SMR

TNC

As of March 15, 2024, five industrials sector stocks are considered overbought based on their RSI values, indicating potential short-term performance issues. These include Grindrod Shipping Holdings Ltd. (GRIN), NuScale Power Corporation (SMR), Copart, Inc. (CPRT), General Electric Company (GE), and Tennant Company (TNC), each showing significant price movements and corporate developments.

Portfolio Pulse from Avi Kapoor

March 15, 2024 | 12:50 pm

AVGO

BWA

KHC

WDAY

Insiders at Broadcom, Kraft Heinz, BorgWarner, and Workday have recently sold shares, indicating potential concerns or views of overvaluation. Workday's insider sold shares after upbeat earnings, Broadcom's insider sold following earnings beat, BorgWarner's insider sold after a new VP appointment, and Kraft Heinz's insider sold after reporting weaker-than-expected sales.

Portfolio Pulse from Avi Kapoor

March 15, 2024 | 12:50 pm

SMAR

Smartsheet Inc. (NYSE:SMAR) reported Q4 results surpassing market estimates with adjusted earnings of 34 cents per share and quarterly sales of $256.900 million. However, the company's FY25 revenue forecast fell short of expectations, leading to a 10.4% drop in pre-market trading. Analysts from Keybanc, Barclays, Oppenheimer, Wells Fargo, and Jefferies adjusted their price targets on Smartsheet following the earnings announcement.

Portfolio Pulse from Avi Kapoor

March 15, 2024 | 12:48 pm

AVD

American Vanguard's shares are trading higher following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 12:45 pm