Streetbeat News

Earnings

RSKD

Riskified Ltd projects its FY24 revenue to be between $323M and $335M, which is below the estimated $338.24M. The company also forecasts an adjusted EBITDA of $10M to $17M for the same period.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 11:49 am

FERG

Ferguson (NYSE:FERG) reported Q2 adjusted EPS of $1.74, missing the $1.84 estimate, and sales of $6.67B, missing the $6.76B estimate. This represents a decrease in both earnings and sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 11:48 am

RSKD

Riskified (NYSE:RSKD) reported Q4 adjusted EPS of $0.07, surpassing the $0.03 estimate, a 133.33% increase year-over-year. Sales reached $84.06M, slightly above the $84.02M estimate, marking a 6.01% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 11:47 am

SEAT

Vivid Seats projects its FY24 revenues to be between $810M-$840M, compared to the market estimate of $822.75M. The company also forecasts its adjusted EBITDA to range from $160M-$170M.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 11:42 am

SEAT

Vivid Seats reported Q4 sales of $198.30M, surpassing the $183.67M estimate, marking a 20.19% increase YoY. Marketplace GOV rose 31% YoY to $1.112.3B, ending the quarter with $125.48M in cash & equivalents.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 11:41 am

TGT

Target Corporation's stock (TGT) is trading higher following the announcement of its Q4 earnings, which surpassed expectations. Additionally, the company has provided an optimistic outlook for the fiscal year 2024.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 11:39 am

AVAV

QQQ

SPY

Nasdaq futures are down due to mega-cap tech weakness, with analysts suggesting profit-taking ahead of key events like Federal Reserve Chair Jerome Powell's testimony. The S&P 500 and Nasdaq Composite retreated from all-time highs, while defensive sectors gained. Louis Navellier remains bullish, comparing 2024 to 1999's market. SPDR S&P 500 ETF Trust and Invesco QQQ ETF saw premarket declines. AeroVironment surged post-earnings, while GitLab, Paymentus, and Stitch Fix showed significant moves. Target and others are set to report earnings.

Portfolio Pulse from Shanthi Rexaline

March 05, 2024 | 11:38 am

TGT

Target has provided its FY24 adjusted EPS outlook, projecting it to be between $8.60 and $9.60, compared to the $9.15 estimate. The company anticipates a modest increase in comparable sales, ranging from 0% to +2%.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 11:36 am

MYE

Myers Industries projects its FY24 adjusted EPS to be between $1.30 and $1.45, surpassing the estimated $1.2.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 11:35 am

TGT

Target forecasts a Q1 adjusted EPS of $1.70 to $2.10, below the $2.09 estimate, and expects comparable sales to decline by 3% to 5%.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 11:34 am