Streetbeat News

Earnings

BBWI

Bath & Body Works, Inc. (NYSE:BBWI) reported Q4 earnings above analyst expectations but provided a FY24 outlook below estimates, leading to a 5.4% drop in shares. The company announced a new $500 million share repurchase program. Analysts from Telsey Advisory Group and Evercore ISI Group raised their price targets on BBWI despite the disappointing outlook.

Portfolio Pulse from Avi Kapoor

March 01, 2024 | 12:18 pm

HPE

Hewlett Packard Enterprise (HPE) reported mixed Q1 results with a 14% Y/Y revenue decline to $6.76 billion, missing consensus estimates. Adjusted EPS was 48 cents, above the 45 cents consensus. The company issued weak Q2 and FY24 guidance, with expected adjusted EPS and revenue below analyst estimates. Despite this, HPE shares rose 2.5% after the announcement. Barclays, Evercore ISI Group, and Wells Fargo adjusted their price targets and ratings on HPE following the results.

Portfolio Pulse from Avi Kapoor

March 01, 2024 | 12:12 pm

CCLP

CSI Compressco forecasts its FY24 capital expenditures to be between $52.0M and $69.0M, with an adjusted EBITDA projection of $135M to $145M.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 12:09 pm

BITF

Bitfarms reported earning 300 BTC in February 2024, resulting in total proceeds of $15.1 million.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 12:07 pm

PLUG

Plug Power's shares are trading lower due to the company reporting worse-than-expected financial results for the fiscal year 2023.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 12:06 pm

CCLP

CSI Compressco (NASDAQ:CCLP) reported a Q4 EPS of $(0.02), improving from $(0.03) YoY, with sales increasing to $98.27M from $93.97M YoY.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 12:05 pm

TUSK

Mammoth Energy Services (NASDAQ:TUSK) reported Q4 losses of $(0.12) per share, missing the $(0.09) estimate by 33.33%, and a 220% decrease from last year's earnings. Sales were $52.78M, missing the $64.45M estimate by 18.10%, and a 48.71% decrease from last year.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 12:04 pm

LI

Li Auto Inc. (NASDAQ:LI) reported a 21.8% year-over-year increase in vehicle deliveries for February 2024, reaching 20,251 vehicles. Cumulative deliveries hit 684,780. The company announced the upcoming launch of new models, aiming for a monthly delivery target of 50,000 vehicles in March. Q4 results showed a 136.4% revenue increase to $5.88 billion with 131,805 vehicles delivered, surpassing estimates. Li Auto forecasts Q1 vehicle deliveries between 100,000 and 103,000, a 90.2% to 95.9% increase year-over-year. The company has expanded its retail and service network. Despite positive performance, LI shares dropped 2.55% to $44.71 in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

March 01, 2024 | 12:04 pm

UTZ

In the past three months, Utz Brands (NYSE:UTZ) received 6 analyst ratings ranging from bullish to indifferent. The average 12-month price target for UTZ is now $19.42, up from $18.00, indicating a 7.89% increase. Analysts from firms like Needham, DA Davidson, Mizuho, Piper Sandler, and RBC Capital have adjusted their ratings and price targets, reflecting a generally positive outlook on UTZ's performance. Despite this, UTZ faces challenges in market capitalization, revenue growth, net margin, ROE, ROA, and debt management compared to industry averages.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 12:00 pm

AMRX

Amneal Pharmaceuticals' shares rose following mixed Q4 earnings report and the issuance of 2024 guidance.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 11:58 am