Streetbeat News

Earnings

GSBD

Goldman Sachs BDC (GSBD) reported Q4 2023 adjusted EPS of $0.55, missing the consensus estimate of $0.56 by 1.79%. However, their quarterly sales of $115.40M exceeded the estimate of $99.27M by 16.24%, marking an 8.38% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 10:41 pm

ALEX

Alexander & Baldwin (ALEX) projects its 2024 Adjusted Funds From Operations (FFO) per share to be in the range of $0.80-$0.90, which is below the estimated $1.15. The company also announced a shift in its reporting metric from Core FFO to Adjusted FFO starting in 2024.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 10:40 pm

RRGB

Red Robin Gourmet Burgers projects FY24 total revenue to be between $1.250B-$1.275B, slightly below the estimated $1.281B. The company anticipates a low single-digit percentage decline in comparable restaurant revenue, with adjusted EBITDA expected to be between $60 million to $70 million and capital expenditures forecasted at $25 million to $35 million.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 10:36 pm

WHD

Cactus projects Q1'2024 US land activity levels to remain roughly the same as the previous quarter. In its Pressure Control segment, a slight revenue decline is expected due to lower production equipment sales compared to the rig count in Q4. However, in Spoolable Technologies, a modest revenue increase is anticipated due to rising customer demand.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 10:33 pm

WHD

Cactus (NYSE:WHD) reported Q4 adjusted EPS of $0.81, surpassing the $0.69 estimate, and sales of $274.87M, exceeding the $270.06M estimate. This represents a 42.11% increase in earnings and a 46.38% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 10:31 pm

CTKB

Cytek Biosciences projects its 2024 total revenue to be between $203M and $213M, aligning with an estimated $207.12M. The company also anticipates reporting positive net income for the year.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 10:29 pm

FPI

Farmland Partners (NYSE:FPI) reported Q4 2023 FFO of $0.16 per share, missing the $0.17 estimate, and sales of $21.59M, below the $22.29M estimate. This represents a 1.06% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 10:27 pm

SBOW

SilverBow Resources (SBOW) reported Q4 2023 adjusted EPS of $2.21, surpassing the $2.19 estimate. However, its sales of $212.04M fell short of the $229.59M estimate, marking a 6.57% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 10:26 pm

FOUR

Shift4 Payments Inc (NYSE:FOUR) received varied analyst outlooks despite missing Q4 gross revenue guidance due to a large enterprise client delay and a unique conversion challenge. RBC Capital and Mizuho analysts maintained positive ratings, with RBC raising the price target from $80 to $94 and Mizuho from $82 to $85. Piper Sandler also maintained an Overweight rating with a $93 price target. Analysts highlighted underlying growth drivers, a focus on the restaurant vertical, and strong EBITDA margins as reasons for optimism. Shares of FOUR closed up 11.80% at $85.90.

Portfolio Pulse from Anusuya Lahiri

February 28, 2024 | 10:23 pm

TASK

TaskUs projects its Q1 revenue to be between $222.5M and $224.5M, surpassing the estimated $219.04M. For FY24, the company anticipates revenue between $900M and $950M, compared to the estimated $914.46M.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 10:22 pm