Streetbeat News

Earnings

MYRG

MYR Group reported Q4 2023 earnings of $1.43 per share, missing the consensus estimate of $1.49. However, their quarterly sales of $1.00 billion exceeded the estimate of $904.76 million, marking a 16.21% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 9:43 pm

PSNL

Personalis, Inc. anticipates Q1 revenue to be between $18M-$19M, slightly below the estimated $19.10M. For 2024, the revenue forecast is set at $73M-$75M, narrowly missing the $75.007M estimate.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 9:43 pm

ESTA

Establishment Labs Holdings projects its FY24 revenue to be between $174M and $184M, surpassing the estimated $173.691M.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 9:42 pm

FSR

LCID

RIVN

Fisker Inc (NYSE:FSR) is set to report its Q4 financial results, with analysts expecting a significant revenue increase to $310.8 million from last year's $306,000, despite missing revenue estimates for three consecutive quarters. The anticipated loss per share is 27 cents, an improvement from the previous year's 54 cents. Analyst ratings vary, with Goldman Sachs and Barclays having negative outlooks, while Citigroup remains positive. Fisker's shift to a dealer-based sales model and recent dealer partnerships are in focus, alongside its production and delivery numbers for the Fisker Ocean vehicles. The company's stock has fallen 90% over the last year, trading at less than $1.

Portfolio Pulse from Chris Katje

February 28, 2024 | 9:42 pm

FIGS

FIGS reported Q4 2023 adjusted EPS of $0.05, surpassing the $0.02 estimate, but its sales of $144.92M fell short of the expected $149.58M. This represents a slight 0.01% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 9:42 pm

OKTA

Okta, Inc. (NASDAQ:OKTA) reported Q4 earnings surpassing expectations with an EPS of 63 cents against a 51 cents estimate, and revenue of $605 million against a $587.5 million estimate. Subscription backlog and cRPO also saw year-over-year increases. The company provided an upbeat outlook for Q1 and FY 2025, with both EPS and revenue forecasts exceeding analyst expectations. Okta's stock rose 17.8% in after-hours trading.

Portfolio Pulse from Erica Kollmann

February 28, 2024 | 9:41 pm

JRVR

James River Gr Hldgs (JRVR) reported Q4 2023 earnings of $0.33 per share, missing the consensus estimate of $0.44 by 25%. However, their quarterly sales of $181.95M exceeded the estimate of $146.18M by 24.47%, marking a 9.50% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 9:41 pm

ZIMV

ZimVie (NASDAQ:ZIMV) reported Q4 2023 earnings of $0.10 per share, missing the $0.12 estimate, with sales of $113.07M also missing the $213.45M estimate, marking a 50.65% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 9:41 pm

TIPT

Tiptree Inc. (NASDAQ:TIPT) reported a significant increase in its Q4 earnings per share (EPS) to $0.15, up from $0.02 YoY, alongside a 20.80% increase in sales to $446.37M from $369.53M YoY.

Portfolio Pulse from Happy Mohamed

February 28, 2024 | 9:41 pm

RXST

RxSight (NASDAQ:RXST) reported Q4 2023 adjusted EPS of $(0.13), surpassing the $(0.36) estimate, with sales of $28.58M exceeding the $27.43M forecast. This represents a 77.65% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 9:41 pm