Streetbeat News

Earnings

HGV

Hilton Grand Vacations (HGV) reported Q4 adjusted EPS of $1.01, surpassing the $0.95 estimate, while sales of $1.02B slightly missed the $1.02B estimate, marking a 2.72% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:31 pm

GECC

Great Elm Capital (NASDAQ:GECC) reported a Q4 Net Investment Income of $0.43 per share, missing the consensus estimate of $0.45 by 4.44%. This represents a 43.33% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:27 pm

DFH

Dream Finders Homes (NASDAQ:DFH) reported Q4 earnings of $1.00 per share, surpassing the $0.71 estimate, marking a 40.85% beat and a 28.21% increase from last year. Sales reached $1.14B, exceeding the $898.68M estimate by 26.63% and showing a 3.55% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:26 pm

HYFM

Hydrofarm Holdings Group forecasts a decrease in FY24 net sales in the low to teens percentage range, with planned capital expenditures of approximately $4M-$5M.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:26 pm

CIO

ONL

OPI

The article highlights the top 3 oversold real estate stocks, which are Office Properties Income Trust (OPI), Orion Office REIT Inc. (ONL), and City Office REIT, Inc. (CIO), based on their RSI values indicating potential undervaluation. OPI reported positive quarterly sales but saw a significant price drop. ONL faced a decline after posting worse-than-expected financial results and a disappointing FY24 Core FFO guidance. CIO also experienced a decrease in stock price following downbeat quarterly sales, despite positive leasing activity momentum.

Portfolio Pulse from Avi Kapoor

February 29, 2024 | 12:26 pm

HYFM

Hydrofarm Holdings Group (HYFM) reported Q4 2023 GAAP EPS of $(0.33) and sales of $47.18M, missing the analyst consensus estimate of $51.43M by 8.26%. This represents a 23.23% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:24 pm

HAYW

Hayward Holdings projects FY24 net sales to be between $1.010B and $1.060B, marking a 2%-7% year-over-year increase. This guidance is based on solid execution, positive price realization, and continued technology adoption. The company expresses confidence in its long-term profitable growth and robust cash flow generation.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:24 pm

DAVA

Endava forecasts a decrease in constant currency revenue for both Q3 and the full fiscal year 2024, with Q3 revenue expected between £174M-£176M, and full-year revenue projected at £722M-£735M. Adjusted EPS for Q3 is anticipated to be £0.17-£0.19, while the full-year adjusted EPS is expected to range from £1.09 to £1.22.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:21 pm

GHRS

GH Research reported a fiscal year 2023 net loss of $35.6 million, or a loss of $0.68 per share, compared to a net loss of $22.5 million, or $0.43 per share, in the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:19 pm

DIA

QQQ

SPY

On February 28th, U.S. stock markets closed lower, with the Dow Jones, S&P 500, and Nasdaq experiencing declines amid anticipation of an inflation update influencing Federal Reserve rate cut predictions. Economic data revealed a slowdown in U.S. annual growth rate and a drop in wholesale inventories. Market expectations for the Fed's rate cut shifted from March to June due to persistent inflation and a strong economy. Asian and European markets mostly saw gains, while commodities like crude oil, gold, and natural gas showed mixed performance. U.S. futures and the forex market also indicated varied movements.

Portfolio Pulse from Akanksha Bakshi

February 29, 2024 | 12:18 pm