Streetbeat News

Earnings

IRDM

Iridium Communications (IRDM) forecasts FY24 service revenue growth of 4%-6% from $584.5M in FY23, with OEBITDA expected between $460M-$470M, compared to $463.1M in FY23. The company also anticipates cash taxes under $10M annually through 2024-2026, aiming for net leverage below 2.5 times OEBITDA between 2026-2029, and under 2.0 by decade's end.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 12:06 pm

WEN

The Wendy's Company has provided guidance for its FY24 adjusted EPS, projecting it to be in the range of $0.98-$1.02, which is below the analyst estimate of $1.11.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 12:05 pm

SLVM

Sylvamo (NYSE:SLVM) reported Q4 2023 adjusted EPS of $1.16, surpassing the $0.84 estimate, with sales of $964M also beating the $903.72M estimate, marking a 3.99% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 12:05 pm

SHAK

Shake Shack reported a 21.4% year-over-year increase in system-wide sales for Q4, reaching $442.1 million.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 12:05 pm

HBI

HanesBrands has issued guidance for 2024, maintaining a cautious outlook on consumer demand. The company's projections reflect ongoing concerns about market conditions and consumer spending habits.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 12:04 pm

APPN

Appian (NASDAQ:APPN) reported Q4 2023 adjusted EPS of $0.06, surpassing the $(0.24) estimate, with sales of $145.30M exceeding the $140.92M forecast. This represents a 15.51% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 12:04 pm

BPMC

Blueprint Medicines (NASDAQ:BPMC) reported Q4 earnings with losses of $(1.82) per share, surpassing the $(2.04) estimate, and sales of $71.96M, exceeding the $66.64M estimate. This represents a significant improvement over the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 12:04 pm

IRDM

Iridium Communications reported a Q4 EPS of $0.30, a significant improvement from the previous year's $(0.01). Sales reached $194.74M, surpassing the $194.03M estimate.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 12:04 pm

SPTN

SpartanNash reported Q4 adjusted EPS of $0.35, missing the $0.38 estimate, and sales of $2.25B, missing the $2.27B estimate. This represents a 25% increase in EPS from last year but a 2.77% decrease in sales.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 12:04 pm

UBER

Uber Technologies Inc (NYSE:UBER) saw its shares jump 14.7% to close at $79.15 following its investor day, where the company's three-year outlook exceeded analyst expectations. Wedbush analysts have raised their price target for Uber from $78 to $85, maintaining an 'outperform' rating. The company anticipates mid-to-high teens CAGR growth in gross bookings and over 90% annual free cash flow generation for the next three years. A $7 billion share buyback program was also announced, highlighting Uber's strong market position and consistent performance.

Portfolio Pulse from Anan Ashraf

February 15, 2024 | 12:03 pm