Streetbeat News

Earnings

AGESY

Ageas SA reported a 2023 Net Operating Result of €1.166 billion, a decrease from €1.312 billion year-over-year. Net Operating EPS fell to €6.35 from €7.13. Despite the decline, the company saw excellent commercial performance in Non-Life and double-digit growth in Life in China. The cash position improved significantly to €959 million. Ageas proposed a total dividend of €3.25 per share, marking an increase of over 8%, with a final dividend of €1.75 per share.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 8:47 am

ALGT

Allegiant reported a decline in January 2024 traffic, with scheduled service passenger traffic down 2.3% YoY and total system declining 2% YoY. Despite a slight increase in available seat miles and average stage length, load factor decreased by 2.5 points.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 7:20 am

ICL

ICL Group reported its Q4 adjusted earnings per share (EPS) at $0.10, surpassing the estimated $0.07. Sales reached $1.69 billion, also beating the forecast of $1.66 billion.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 7:15 am

GOGL

Golden Ocean Group (NASDAQ:GOGL) reported Q4 adjusted EPS of $0.32, surpassing the $0.27 estimate, and sales of $254.21M, exceeding the $193.12M estimate. This represents a slight decrease in EPS and an increase in sales from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 7:05 am

AAP

CRM

HPQ

M

SJM

TJX

ZM

Investor sentiment improved as indicated by the CNN Money Fear and Greed index, despite mixed U.S. stock market results. The S&P 500 saw modest gains, while the Dow Jones closed lower. Companies like The J.M. Smucker Company, Macy's Inc, and Zoom Video Communications reported their quarterly results, with Zoom also announcing a stock repurchase program. Economic data showed a decline in durable goods orders but an increase in home prices. Sectors like utilities and communication services led gains in the S&P 500, whereas energy and healthcare sectors fell. Investors are looking forward to earnings results from Salesforce, HP Inc, Advance Auto Parts, and The TJX Companies.

Portfolio Pulse from Avi Kapoor

February 28, 2024 | 7:05 am

GLDG

GoldMining reported a fiscal year 2023 earnings per share (EPS) of C$(0.17), which is a decrease from the previous year's EPS of C$(0.09).

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 6:50 am

BYND

CRM

HPQ

SAM

TJX

Ahead of Wednesday's trading, notable movements include TJX Companies expected to report earnings with a slight gain in after-hours trading, Beyond Meat's shares surging on strong sales forecast, Salesforce also anticipated to report earnings with a modest after-hours gain, Boston Beer facing a dip after disappointing results and leadership change, and HP Inc. expected to report earnings with a slight increase in after-hours trading.

Portfolio Pulse from Avi Kapoor

February 28, 2024 | 6:48 am

CLCO

Cool Co (NYSE:CLCO) reported Q4 sales of $97.14M, surpassing the $92.82M estimate, marking a 7.63% increase from last year's $90.25M. However, net income fell to $22.415M from $33.07M YoY.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 6:40 am

DO

Diamond Offshore Drilling (NYSE:DO) reported a Q4 adjusted loss of $(1.42) per share, a significant decrease from $(0.52) per share YoY. However, their quarterly sales of $297.64M exceeded the $291.00M estimate, marking a 33.31% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 6:34 am

TJX

TJX Companies, Inc. (NYSE:TJX) is anticipated to report higher Q4 earnings before the market opens on Feb. 28, 2024, with expected earnings of $1.12 per share, up from 89 cents a year ago, and projected revenue of $16.21 billion, up from $14.52 billion. The company previously reported a 9% year-on-year sales growth for Q3 FY24, with shares closing at $100.52 recently. Analysts from Telsey Advisory Group, Baird, B of A Securities, Wells Fargo, and Evercore ISI Group have provided ratings and price targets, reflecting a generally positive outlook.

Portfolio Pulse from Avi Kapoor

February 28, 2024 | 6:22 am