Streetbeat News

Earnings

CRH

CRH shares are trading higher following the announcement of increased FY23 revenue results and the issuance of FY24 EPS guidance that surpasses estimates.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:51 pm

ACRE

RC

TWO

Wall Street's most accurate analysts recommend holding three financial stocks with dividend yields over 12%: Two Harbors Investment Corp. (TWO), Ready Capital Corporation (RC), and Ares Commercial Real Estate Corporation (ACRE). These recommendations come amidst market turbulence, with recent financial performances including a wider-than-expected quarterly loss for TWO, downbeat quarterly results for RC, and a fourth-quarter profit for ACRE.

Portfolio Pulse from Avi Kapoor

February 29, 2024 | 12:50 pm

MCS

Marcus Corporation (NYSE:MCS) reported Q4 2023 earnings with a smaller loss per share of $(0.05) compared to the expected $(0.17), and sales of $161.50M, surpassing the forecast of $154.50M. However, this represents a slight decrease of 0.89% in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:49 pm

WHF

WhiteHorse Finance reported its Q4 2023 adjusted earnings per share (EPS) of $0.456, which fell slightly short of the analyst estimate of $0.460.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:47 pm

GXO

GXO Logistics, Inc. (NYSE:GXO) has made a cash offer to acquire UK's Wincanton plc, outbidding CEVA Logistics with an offer representing a 26% premium over CEVA's final bid. The offer is also a 104% premium over Wincanton's share price before the offer period. GXO expects the acquisition to be immediately accretive to earnings per share and anticipates £45 million in annual net run-rate synergies by the end of the third year post-integration. GXO has secured irrevocable commitments for 34% of Wincanton's shares, with the deal enhancing GXO's technological capabilities and global reach.

Portfolio Pulse from Nabaparna Bhattacharya

February 29, 2024 | 12:45 pm

ITRN

Ituran Location & Control (NASDAQ:ITRN) reported Q4 2023 earnings of $0.60 per share, meeting analyst estimates. However, their quarterly sales of $77.81M fell short of the expected $82.80M, a 6.03% miss, though it represents a 3.82% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:42 pm

WHF

WhiteHorse Finance (WHF) reported its Q4 2023 earnings with a GAAP EPS of $0.46, meeting the analyst consensus estimate.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:41 pm

EDAP

EDAP TMS announced preliminary FY2023 revenues of €60.4M ($65.4M), surpassing the consensus estimate of €58.151M. For Q4 FY2023, revenues were €19.6M ($21.3M), also exceeding the consensus of €17.232M.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:41 pm

ABUS

Arbutus Biopharma (NASDAQ:ABUS) reported Q4 earnings with EPS of $(0.12), meeting analyst estimates but with sales of $2.15M, missing the $4.79M estimate. This represents a 14.29% improvement in EPS and a 65.65% decrease in sales year-over-year.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:36 pm

MEG

Montrose Environmental Group has provided its full year 2024 revenue outlook, expecting it to be in the range of $675M-$725M, compared to the $666.87M estimate. The company also anticipates its consolidated Adjusted EBITDA to be between $90M-$95M.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:36 pm