Streetbeat News

Earnings

VNT

Vontier (NYSE:VNT) reported Q4 adjusted earnings of $0.80 per share, surpassing the consensus estimate of $0.78, and sales of $789.00M, also beating the estimate of $780.30M. However, this represents a decrease from the previous year's earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:32 am

ZBRA

Zebra Technologies (NASDAQ:ZBRA) reported Q4 adjusted EPS of $1.71, surpassing the $1.66 estimate, and sales of $1.01B, exceeding the $999.36M estimate. However, this represents a 64% decrease in earnings and a 32.87% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:31 am

OTIS

Otis has released its medium-term financial outlook, projecting organic sales growth in the low to mid-single digits, average adjusted operating profit growth in the mid-to-high single digits, and an adjusted EPS compound annual growth rate (CAGR) of over 10%. Additionally, Otis anticipates its adjusted free cash flow (FCF) CAGR to increase in the high single digits.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:18 am

PAX

Patria Investments (NASDAQ:PAX) reported Q4 2023 earnings of $0.47 per share, surpassing the $0.37 estimate, a 30.56% increase from last year. Sales reached $111.70M, beating the $83.09M estimate, marking a 22.34% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:17 am

LXP

LXP Industrial Trust projects its 2024 EPS to be between $(0.02) and $0.02, surpassing the $(0.03) estimate. It also forecasts its Adjusted FFO to range from $0.61 to $0.65 per diluted common share, based on current expectations and excluding certain impacts.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:16 am

OTIS

Otis has reaffirmed its 2024 financial outlook, projecting an increase in organic sales by 3%-5%, a rise in adjusted EPS by 7% to 10%, and an expected adjusted free cash flow of approximately $1.6 billion.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:16 am

DE

Deere & Company has projected its net income for fiscal year 2024 to be between $7.50 billion and $7.75 billion.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:15 am

GEO

The GEO Group anticipates Q1 net income of $22M-$24M and revenues of approximately $600M, slightly below the $605.35M estimate. Adjusted EBITDA is expected to be $117M-$122M. The guidance accounts for one fewer day in Q1 2024 compared to Q4 2023 and higher early-year payroll taxes.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:13 am

TRGP

Targa Resources projects its full-year 2024 adjusted EBITDA to be between $3.7B-$3.9B, marking an 8% year-over-year increase. The company also estimates its 2024 net growth capital expenditures to range from $2.3B to $2.5B.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:12 am

DE

Deere (NYSE:DE) reported Q1 earnings of $6.23 per share, surpassing the $5.33 estimate, and sales of $12.19B, exceeding the $10.33B estimate. Despite beating estimates, both earnings and sales saw a decrease compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:11 am