Streetbeat News

Earnings

PANW

Palo Alto Networks forecasts its FY24 adjusted EPS to be between $5.45 and $5.55, which is around the consensus estimate of $5.51. However, its projected total revenue of $7.95B to $8B falls short of the expected $8.19B.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 9:15 pm

ESRT

Empire State Realty Trust (ESRT) reported Q4 2023 FFO of $0.25 per share, surpassing the $0.21 estimate. However, its sales of $151.17M fell short of the $186.47M estimate, marking an 18.93% miss but a 3.61% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 9:15 pm

ADEA

Adeia (NASDAQ:ADEA) reported Q4 earnings with an EPS of $0.27, beating estimates by 8.0% but with a revenue decrease of $16.42 million from the previous year. The company has a history of surpassing EPS estimates, which previously led to a share price increase.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 9:15 pm

VNOM

Viper Energy (NASDAQ:VNOM) reported Q4 earnings with an EPS of $0.67, beating estimates by 17.54% and showing a revenue increase of $1.09 million from the previous year. The company has a history of surpassing EPS estimates, leading to share price increases.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 9:15 pm

HD

Home Depot, Inc (NYSE:HD) reported mixed Q4 fiscal 2023 results with an EPS of $2.82, surpassing estimates but with a 2.9% Y/Y decrease in net sales to $34.8 billion. Comparable sales also fell by 3.5% Y/Y. The company's operating margin decreased to 11.9%. For fiscal 2024, Home Depot provided cautious guidance, including a 1.0% sales growth and a 1.0% decline in comparable sales, both below consensus estimates. Goldman Sachs analyst Kate McShane reiterated a Buy rating on HD with a $393 price target, expecting an adverse reaction to the guidance.

Portfolio Pulse from Anusuya Lahiri

February 20, 2024 | 9:14 pm

ADEA

Adeia (NASDAQ:ADEA) reported Q4 2023 earnings of $0.27 per share, surpassing the $0.25 estimate, but its sales of $86.87M fell short of the $88.85M estimate, marking a 15.90% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 9:14 pm

TDOC

Teladoc forecasts its FY24 earnings per share (EPS) to be between ($1.10) and ($0.80), which is an improvement over the estimated $(1.23). However, its revenue projection of $2.635B to $2.735B falls short of the estimated $2.77B.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 9:13 pm

TRUE

TrueCar (NASDAQ:TRUE) reported Q4 2023 earnings with a smaller loss per share of $(0.02) compared to the expected $(0.06), beating estimates by 66.67%. However, their sales of $41.29M fell short of the $41.86M estimate by 1.38%, despite being a 12.61% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 9:12 pm

TDOC

Teladoc forecasts its Q1 earnings per share (EPS) to be between ($0.55) and ($0.45), which is below the estimated $(0.43). The company also projects its revenue to be between $630M and $645M, falling short of the expected $672.87M.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 9:12 pm

ANDE

Andersons (NASDAQ:ANDE) reported Q4 2023 adjusted EPS of $1.59, surpassing the $0.99 estimate by 60.61%, but its sales of $3.21B fell short of the $4.26B estimate by 24.63%, marking a 31.30% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 9:11 pm