Streetbeat News

Earnings

AMWD

American Woodmark (NASDAQ:AMWD) is anticipated to release its quarterly earnings report on Thursday, 2024-02-29, with an expected EPS of $1.29. Historical data shows the company has previously surpassed EPS estimates, leading to significant share price increases. Shares are currently trading at $99.69, marking an 80.09% increase over the last 52 weeks. Investors are keenly awaiting the report and guidance for future growth.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 5:00 pm

IXHL

Incannex Healthcare Inc. (NASDAQ:IXHL) shares surged after announcing its Psi-GAD1 trial for psilocybin in generalized anxiety disorder met its primary endpoint, demonstrating significant clinical effect over placebo. The company plans to proceed with a Phase 2B trial, PsiGAD2, in collaboration with Clerkenwell Health across the US and UK.

Portfolio Pulse from Erica Kollmann

February 28, 2024 | 4:58 pm

IMAX

IMAX shares are trading higher following the announcement of their Q4 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 4:58 pm

TJX

TJX Companies, Inc. (NYSE:TJX) reported Q4 FY24 sales of $16.41 billion, surpassing analyst expectations and marking a 13% year-over-year increase. The company achieved a milestone with over $50 billion in annual sales. Adjusted EPS was $1.12, in line with forecasts. Net income for the quarter was $1.4 billion, with a 37% increase in diluted EPS compared to the previous year. Comparable store sales rose by 5%, and the gross profit margin increased by 370 basis points. TJX announced a stock repurchase plan of $2.0 to $2.5 billion and a 13% dividend increase. The company's FY25 EPS outlook is slightly below estimates.

Portfolio Pulse from Nabaparna Bhattacharya

February 28, 2024 | 4:55 pm

UNVGY

Universal Music Group N.V. (UMG) reported a FY23 EPS of €0.87, up from €0.80 YoY, with Q4 revenue rising 9% YoY to €3.208 billion. This growth was driven by strong performance across all segments, particularly in recorded music subscription revenue, which grew 8.9% YoY. However, streaming revenue saw a slight decline of 1.3% YoY. Adjusted EBITDA increased by 9.2% YoY to €677 million, with the EBITDA margin remaining stable at 21.1%. Top sellers included Taylor Swift and The Rolling Stones.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 4:53 pm

VTEX

VTEX shares surged following the announcement of their Q4 financial results, which exceeded expectations. Additionally, the company provided positive guidance for Q1 and FY24. Piper Sandler reaffirmed an Overweight rating on VTEX and increased the price target from $9 to $10.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 4:51 pm

UNVGY

Universal Music Group N.V. (UMG) reported a Q4 EPS of €0.87, up from €0.80 YoY, with revenue increasing 9% YoY to €3.208 billion. Growth was driven by strong performance across all segments, particularly in recorded music subscription revenue, which grew 8.9% YoY. However, streaming revenue saw a slight decline of 1.3% YoY. Adjusted EBITDA rose 9.2% YoY to €677 million, with the margin steady at 21.1%. Top artists contributing to the success included Taylor Swift and The Rolling Stones.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 4:49 pm

BMBL

Bumble's shares dropped following disappointing Q4 financial results and Q1 revenue guidance below expectations. Additionally, several firms have reduced their price targets for BMBL.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 4:47 pm

SNOW

Snowflake Inc (NYSE:SNOW) is in focus as it prepares to report Q4 earnings, with expectations of 18 cents per share on $759.25 million revenue. The company has a history of beating estimates and has seen multiple analysts raise price targets ahead of the earnings. Snowflake's FY23 revenue growth was 69.41%, influenced by various factors including the macroeconomic environment. Economic conditions such as interest rates, inflation, and labor market strength could impact Snowflake's performance in the coming year.

Portfolio Pulse from Adam Eckert

February 28, 2024 | 4:44 pm

FSLR

First Solar Inc (NASDAQ:FSLR) shares rose after reporting higher-than-expected Q4 earnings, with analysts providing positive outlooks despite subdued bookings. Analysts highlighted strong pricing, a robust backlog, and favorable guidance for 2024. Price targets were adjusted, reflecting confidence in the company's performance amidst a challenging solar market.

Portfolio Pulse from Priya Nigam

February 28, 2024 | 4:43 pm