Streetbeat News

Earnings

SFM

UBER

BofA Securities analyst Robert Ohmes upgraded Sprouts Farmers Market Inc (NASDAQ:SFM) from Underperform to Buy and raised the price target from $30 to $70 following a deal with Uber Eats and strong Q4 results. Sprouts will make over 15,000 products available on Uber Eats, and aims for a store growth rate of around 9%, targeting more than 10% by 2025. The company's unique position in food retail and differentiated product assortment contribute to its competitive edge. Following strong Q4 results, the 2024 earnings estimate for SFM has been raised to $2.90 per share.

Portfolio Pulse from Priya Nigam

February 27, 2024 | 10:08 pm

ICFI

ICF International (NASDAQ:ICFI) reported Q4 2023 adjusted EPS of $1.68, surpassing the $1.63 estimate, marking a 7.69% year-over-year increase. However, its sales of $478.35M fell short of the $480.73M estimate, a slight 0.58% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 10:08 pm

ARKO

ARKO reported Q4 sales of $2.23 billion, missing the analyst consensus estimate of $2.43 billion by 8.10%. This represents a 2.43% increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 10:07 pm

VTYX

Ventyx Biosciences reported a Q4 2023 GAAP EPS of $(0.79), surpassing the analyst consensus estimate of $(0.91) by 13.19%.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 10:07 pm

INGN

Inogen (NASDAQ:INGN) reported Q4 2023 adjusted EPS of $(0.83), missing the $(0.62) estimate, and sales of $75.90M, missing the $76.99M estimate. This represents a 45.61% decrease in EPS and a 13.84% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 10:06 pm

TTI

Tetra Technologies (TTI) reported Q4 2023 adjusted EPS of $0.03, missing the $0.06 estimate, but sales of $153.13M exceeded the $150.05M estimate, marking a 3.85% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 10:05 pm

CDE

HL

STLD

XPL

Coeur Mining Inc. (CDE) announced a private placement of flow-through shares for exploration at Silvertip Property. Solitario Resources Corp. (XPL) discovered high-grade gold at its Golden Crest Project. Hecla Mining Company (HL) appointed Mark P. Board as a Director. Steel Dynamics, Inc. (STLD) increased its quarterly cash dividend by 8%. These developments highlight significant operational and financial activities within the mining and steel sectors.

Portfolio Pulse from Austin DeNoce

February 27, 2024 | 10:04 pm

GNL

GNL projects its 2024 Adjusted Funds From Operations (AFFO) to be in the range of $1.30 to $1.40.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 10:04 pm

ALEC

Alector anticipates collaboration revenue of $60M-$70M for 2024, with total R&D expenses projected to be between $210M-$230M.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 10:04 pm

BCSF

Bain Capital Specialty (BCSF) reported Q4 2023 earnings of $0.54 per share, meeting analyst estimates. Quarterly sales reached $74.95M, surpassing the $64.99M estimate by 15.32%, and marking a 28.43% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 10:03 pm