Streetbeat News

Earnings

GVA

Granite Construction projects its 2024 revenue to be between $3.8 billion and $4.0 billion, aligning closely with the consensus estimate of $3.85 billion. The company anticipates an adjusted EBITDA margin of 9.0% to 11.0%, SG&A expenses to be 7.5% to 8.0% of revenue, a mid-20s effective tax rate for adjusted net income, and capital expenditures of $130 million to $150 million.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:58 am

PWR

Quanta Services projects its FY24 adjusted EPS to be between $8.00 and $8.50, compared to the estimated $8.36. The company also forecasts revenues to range from $22.25 billion to $22.75 billion, surpassing the estimated $22.08 billion.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:58 am

TRN

Trinity Industries (NYSE:TRN) reported Q4 earnings of $0.82 per share, surpassing the $0.64 estimate by 28.12%, and a 86.36% increase from last year's $0.44. Sales reached $797.90M, beating the $759.60M estimate by 5.04%, marking a 34.96% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:57 am

PWR

Quanta Services (NYSE:PWR) reported Q4 2023 adjusted EPS of $2.04, surpassing the $1.98 estimate, with sales of $5.78B exceeding the $5.18B forecast. This represents a 30.86% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:56 am

STWD

Starwood Prop Trust (STWD) reported Q4 adjusted earnings of $0.58 per share, surpassing the consensus estimate of $0.48 by 20.83%. However, their quarterly sales of $522.28 million fell short of the expected $534.67 million by 2.32%.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:55 am

ETR

Entergy has initiated its 2024 adjusted EPS guidance range of $7.05 to $7.35, compared to the consensus of $7.2. The company provided this guidance as a non-GAAP measure of adjusted earnings per share.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:55 am

GLT

Glatfelter (NYSE:GLT) reported a Q4 EPS of $(0.04), improving from $(0.16) YoY. However, sales decreased to $320.38M from $373.90M YoY, marking a 14.31% decline.

Portfolio Pulse from mahesh@benzinga.com

February 22, 2024 | 11:55 am

PHVS

Pharvaris announced positive results from its CHAPTER-1 Phase 2 study of Deucrictibant for the prophylactic treatment of Hereditary Angioedema (HAE) attacks, which will be presented at the AAAAI 2024 Annual Meeting.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:54 am

DRVN

Driven Brands projects its FY24 revenues to be in the range of $2.35B-$2.45B, which is below the estimated $2.52B. The company also forecasts its adjusted EPS to be between $0.88 and $1.00, lower than the $1.12 estimate.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:52 am

FTI

TechnipFMC forecasts its FY24 Subsea revenue to be between $7.2B-$7.6B and Surface Technologies revenue between $1.2B-$1.35B, with an expected free cash flow of $350M-$500M.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:50 am