Streetbeat News

Earnings

HLLY

Holley (NYSE:HLLY) reported Q4 sales of $155.71M, surpassing the analyst consensus estimate of $153.37M by 1.52% and marking a 1.00% increase from the previous year's sales of $154.16M.

Portfolio Pulse from saritha@benzinga.com

February 28, 2024 | 12:32 pm

KNSA

Kiniksa Pharmaceuticals, Ltd. (KNSA) projects its 2024 net product revenue for ARCALYST to be between $360M-$380M. Additionally, the company anticipates its current cash, cash equivalents, and short-term investments will sustain its operating plan until at least 2027.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 12:31 pm

TJX

TJX Companies reported Q4 2024 earnings per share of $1.12, meeting analyst expectations, and sales of $16.40 billion, exceeding the $16.21 billion estimate. This represents a 12.95% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 12:31 pm

KNSA

Kiniksa Pharmaceuticals (NASDAQ:KNSA) reported Q4 earnings of $0.35 per share, surpassing the $(0.14) estimate, marking a 350% beat and a 483.33% increase from last year's $0.06. Sales reached $83.39M, exceeding the $72.02M estimate by 15.79% and showing a 34.76% increase from the previous year.

Portfolio Pulse from Happy Mohamed

February 28, 2024 | 12:31 pm

LTH

Life Time Group (LTH) projects its 2024 revenue to be between $2.46B and $2.5B, aligning with the $2.46B consensus. The company also forecasts an adjusted EBITDA of $595M to $610M. These projections represent an approximate 11.9% increase in revenue and a 12.2% increase in adjusted EBITDA from 2023. Additionally, LTH aims to reduce its net debt leverage ratio to 3.0x by the end of 2024, become free cash flow positive in Q2 2024, open 9-10 new centers, and expects to leverage net operating loss carryforwards from the COVID-19 pandemic to offset a significant portion of its 2024 cash taxes.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 12:20 pm

LTH

Life Time Group (LTH) projects Q1 2024 revenue to be between $585M-$595M, surpassing the consensus estimate of $572.86M. The company also expects net income to range from $29M-$32M. These forecasts represent significant increases over the previous year, with revenue, net income, and adjusted EBITDA expected to grow by 15.5%, 10.9%, and 19.9% respectively.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 12:19 pm

PDCO

Patterson Companies' shares dropped following the announcement of Q3 financial results that fell short of expectations, along with a reduction in their forecast for FY24 EPS.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 12:19 pm

GOGO

Gogo Inc. has provided its financial guidance for 2024, expecting total revenue to be between $410M and $425M, which is in line with the consensus estimate of $423.49M. The company anticipates adjusted EBITDA to range from $110M to $125M, incorporating operating expenses for strategic initiatives like Gogo 5G and Gogo Galileo, and legal expenses from the SmartSky litigation. Free cash flow is projected to be between $20M and $40M, including $45M in reimbursements from the FCC Reimbursement Program, with capital expenditures estimated at $45M.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 12:18 pm

TBLA

Taboola.com's shares surged following the announcement of its Q4 earnings, alongside a revenue outlook for Q1 and FY24 that exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 12:17 pm

NOVT

Novanta anticipates Q1 revenue to be between $225M-$230M, surpassing the estimated $219.33M. However, its Q1 adjusted diluted EPS is expected to be $0.55-$0.60, below the $0.63 estimate.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 12:16 pm