Streetbeat News

Earnings

PNW

Pinnacle West Capital (PNW) projects its FY24 EPS to be between $4.60 and $4.80, following the conclusion of APS's rate case. This forecast is slightly below the estimated $4.80. The company's 2024 earnings guidance and key factors are detailed in their year-end/fourth-quarter 2023 earnings presentation available on their website.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 1:39 pm

PNW

Pinnacle West Capital (PNW) reported Q4 earnings per share (EPS) of $0.00, an improvement over the estimated $(0.13), but missed sales estimates with $991.57M against the expected $1.12B, marking an 11.47% miss and a 1.76% decrease from last year's $1.01B.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 1:38 pm

ZM

Zoom Video Communications Inc (NASDAQ:ZM) reported better-than-expected Q4 financial results, issued strong guidance, and announced a new $1.5 billion share repurchase program. Q4 revenue rose 2.6% YoY to $1.15 billion, surpassing estimates. Earnings per share were $1.42, beating estimates of $1.15. The company ended the quarter with 220,400 enterprise customers, a 3.5% increase YoY, and introduced Zoom AI Companion. FY24 revenue is expected to be around $4.6 billion, with earnings between $4.85 and $4.88 per share.

Portfolio Pulse from Adam Eckert

February 27, 2024 | 1:35 pm

U

Unity Software Inc (NYSE:U) shares fell after reporting Q4 financial results. Revenue increased 35% YoY to $609 million, beating estimates, but the loss per share of 66 cents missed expectations. The company forecasts Q1 strategic portfolio revenue between $415 million to $420 million and full-year 2024 revenue of $1.76 billion to $1.8 billion. Piper Sandler upgraded Unity from Underweight to Neutral, lowering the price target from $35 to $30. Shares were down 13.3% at $28.65.

Portfolio Pulse from Adam Eckert

February 27, 2024 | 1:33 pm

PUBM

PubMatic shares surged following the announcement of their Q4 financial results, which exceeded expectations. Additionally, the company provided strong future guidance.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 1:31 pm

U

Unity Software's shares dropped following mixed Q4 financial results and the company's future guidance.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 1:31 pm

EVER

EverQuote's stock price increased following the announcement of their Q4 financial results, which exceeded expectations. Additionally, the company provided optimistic future guidance.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 1:31 pm

CARG

CarGurus shares are trading lower following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 1:30 pm

HIMS

Hims & Hers Health's shares surged following the announcement of their Q4 financial results, which exceeded expectations. Additionally, the company provided optimistic future guidance.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 1:30 pm

NVDA

QQQ

The article discusses the potential impact of seasonal weakness on growth stocks, particularly focusing on the Nasdaq 100, represented by QQQ. It outlines four scenarios ranging from very bullish to super bearish for QQQ, influenced by factors like Nvidia's (NVDA) earnings, market conditions, and Federal Reserve actions. Each scenario is assigned a probability by the author, Dave, with the mildly bearish scenario deemed most likely at 45%.

Portfolio Pulse from David Keller

February 27, 2024 | 1:30 pm