Streetbeat News

Earnings

IRBT

iRobot shares are trading lower due to the company providing weak financial guidance for the fiscal year 2024.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 4:33 pm

M

Macy's shares are trading higher following the announcement of their Q4 results.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 4:31 pm

EXPE

Expedia Group, Inc. (NASDAQ:EXPE) announced a workforce reduction of approximately 9%, affecting around 1,500 employees, as part of its organizational and technological transformation. The company anticipates incurring $80 million to $100 million in pre-tax charges and cash expenditures related to restructuring, with charges to be recorded in 2024. This announcement follows Expedia's recent earnings beat and the appointment of Ariane Gorin as the new CEO, effective May 13, 2024. EXPE shares rose 1.37% to $136.80.

Portfolio Pulse from Lekha Gupta

February 27, 2024 | 4:25 pm

IIPR

Innovative Industrial Properties, Inc. (IIPR) reported a 12% increase in 2023 revenue to $309.5 million, with Q4 revenue at $79.2 million. The growth is attributed to tenant reimbursements, acquisitions, leasing of new properties, and rental escalations. Net income for 2023 was $164.2 million, up from $153 million in 2022. Total expenses for the year rose to $135 million. The company's shares saw a 3.48% increase to $92.87 per share.

Portfolio Pulse from Jelena Martinovic

February 27, 2024 | 4:25 pm

COST

Recent analysis of Costco Wholesale's (NASDAQ:COST) options trading reveals a bearish sentiment among financial giants, with 75% of trades showing bearish tendencies. The analysis highlighted unusual trades, including 6 puts and 2 calls, with a focus on a price window from $525.0 to $840.0. Costco's current stock price is $747.22, with an RSI indicating it may be overbought. Analyst ratings in the last month have varied, with an average target price of $736.8. The company's earnings announcement is expected in 9 days.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 4:16 pm

NCLH

Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) reported a 30.8% year-on-year sales growth for Q4 fiscal 2023, with revenues of $1.986 billion slightly above consensus. Adjusted EPS improved but missed expectations. The company saw a significant recovery compared to 2019, with total revenue and per Passenger Cruise Day up by 34% and 21%, respectively. Operating income turned positive, and adjusted EBITDA significantly improved. The company provided a strong outlook for 2024, expecting an Adjusted EPS of ~$1.23 and Adjusted EBITDA of ~$2.2 billion. Shares surged 17.5% to $18.72.

Portfolio Pulse from Akanksha Bakshi

February 27, 2024 | 4:12 pm

STRL

Sterling Infrastructure's shares surged following the announcement of its Q4 financial results, which exceeded expectations. Additionally, the company provided an optimistic adjusted EPS guidance for FY24, surpassing analysts' forecasts.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 4:10 pm

DNLI

Denali Therapeutics announced a $500 million private placement equity financing and reported its Q4 financial results, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 4:03 pm

SBOW

SilverBow Resources (NYSE:SBOW) is anticipated to report an EPS of $2.19 in its upcoming quarterly earnings on 2024-02-28. Analysts and investors are keen on whether SBOW will surpass this estimate and provide positive future guidance. Historically, SBOW has shown a pattern of beating EPS estimates, leading to significant share price movements. The stock, currently trading at $27.64, has seen an 11.08% increase over the last 52 weeks, indicating a positive trend for long-term shareholders.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 4:02 pm

TALO

Talos Energy (NYSE:TALO) is scheduled to release its quarterly earnings report on February 28, 2024, with analysts expecting an EPS of $0.17. The company's past earnings performance shows a mixed impact on its stock price, with the last quarter's beat resulting in a 4.17% drop. Shares are currently trading at $12.96, down 17.28% over the last year, indicating a bearish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 4:02 pm