Streetbeat News

Earnings

UP

Wheels Up Experience (NYSE:UP) reported a significant improvement in Q4 EPS to $(0.14) from $(2.70) YoY, but missed sales estimates with $246.38M against the expected $390.10M. Sales also decreased by 39.65% from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:37 pm

TTC

Toro (NYSE:TTC) reported Q1 adjusted EPS of $0.64, missing the $0.66 estimate, and sales of $1.00B, slightly beating the $1.00B estimate. This represents a 34.69% decrease in earnings and a 12.79% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:35 pm

FL

NKE

Foot Locker, Inc. (NYSE:FL) shares are trading lower in the premarket session, following a nearly 15% slump in the past month. Despite beating Q4 FY23 sales and EPS estimates, comparable store sales decreased by 0.7%. The company maintains its long-term earnings potential but expects a two-year delay in achieving its EBIT margin target, now set for 2028. Foot Locker also announced a collaboration with Nike, Inc. (NYSE:NKE) and Jordan Brand on The Clinic program. FY24 sales and EPS forecasts are below consensus estimates.

Portfolio Pulse from Nabaparna Bhattacharya

March 07, 2024 | 1:31 pm

SPY

The Nonfarm Productivity for Q4 showed a 3.2% increase, slightly above the estimated 3.1%. This indicates a higher-than-expected productivity growth in the nonfarm sector of the economy.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:30 pm

MUSQ

SONO

SPOT

Spotify and Sonos reported financial results exceeding expectations, with Spotify adding significantly more users than forecasted and Sonos beating earnings guidance despite a sales drop. Both companies saw their stock prices increase following the announcements. The MUSQ Global Music Industry ETF, which includes Spotify, Sonos, Amazon, and Apple among its holdings, offers investors exposure to the music industry.

Portfolio Pulse from Johnny Rice

March 07, 2024 | 1:30 pm

GOOGL

MORN

SBUX

TXRH

Notable insider sales were reported for Alphabet, Starbucks, Texas Roadhouse, and Morningstar. Alphabet's CEO sold shares amid EU regulatory compliance efforts. Texas Roadhouse's insider sale followed strong Q4 earnings. Starbucks faces layoffs in the Middle East due to boycotts, and Morningstar's executive chairman sold shares after reporting increased Q4 results.

Portfolio Pulse from Avi Kapoor

March 07, 2024 | 1:28 pm

AEYE

AudioEye, Inc. (NASDAQ:AEYE) reported a Q4 profit, surpassing market expectations with adjusted earnings of 11 cents per share against an anticipated loss. Sales were slightly below expectations at $7.870 million. The company highlighted efficiency improvements and provided optimistic guidance for 2024, expecting revenue growth to accelerate. Following the report, AEYE shares rose by 2.8%, and analysts from HC Wainwright & Co. and B. Riley Securities raised their price targets on AEYE to $10.

Portfolio Pulse from Avi Kapoor

March 07, 2024 | 1:28 pm

BJ

BJ's Wholesale Club Holdings Inc (NYSE:BJ) reported Q4 FY23 sales of $5.36 billion, missing analyst expectations of $5.39 billion. Despite a slight decrease in total comparable club sales, membership fee income and digitally enabled sales saw significant increases. The company also reported a rise in gross profit and operating income, with an adjusted EPS of $1.11, beating estimates. BJ's expects FY24 EPS to be between $3.75-$4.00, with comparable club sales growth of 1%-2% excluding gasoline sales. Shares fell 1.59% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

March 07, 2024 | 1:21 pm

MDXH

MDxHealth SA (NASDAQ:MDXH) reported Q4 sales surpassing estimates with $19.398 million against expected $18.136 million. Despite a GAAP loss of 39 cents per share, exceeding the anticipated 15 cents loss, the company's CEO highlighted significant gross margin expansion and a strong position in precision diagnostics. MDxHealth reaffirmed its 2024 revenue guidance of $79 million to $81 million but saw a 1.3% share price drop to $3.73. Analysts from BTIG and Piper Sandler increased their price targets on MDXH following these results.

Portfolio Pulse from Avi Kapoor

March 07, 2024 | 1:20 pm

NXE

NexGen Energy (NYSE:NXE) reported its Q4 earnings on March 7, 2024, missing estimated earnings by -100.0% with an EPS of $-0.06 versus an estimate of $-0.03. Revenue remained unchanged from the same period last year. Following a similar miss last quarter, the share price dropped by 5.0% the next day.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 1:20 pm