Streetbeat News

Earnings

LIVN

LivaNova shares surged following the announcement of their Q4 results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 4:33 pm

MPW

Medical Properties Trust (MPW) reported Q4 FY23 revenues of $336.6 million, surpassing consensus estimates but experienced a decline in NFFO per share to $0.36 from $0.43 a year ago. The company reported a net loss of $(664) million, significantly higher than the previous year's $(140) million. Total assets were $18.3 billion, with a focus on accelerating capital allocation strategy for 2024. Uncertainty around hospitals leased to Steward and liquidity transactions led MPW to withhold FY24 guidance.

Portfolio Pulse from Lekha Gupta

February 21, 2024 | 4:28 pm

AMD

NVDA

AMD shares dropped 1.9% to $162.63, influenced by anticipation of NVIDIA's earnings report. Despite no specific news on AMD, its performance is closely watched in relation to NVIDIA's results, especially in the AI sector. AMD has shown a strong revenue growth of 38.27% annually over the past 5 years, with a forward P/E ratio of 49.51, higher than its peers' average of 30.46.

Portfolio Pulse from Henry Khederian

February 21, 2024 | 4:24 pm

SUI

Sun Communities' shares rose following the announcement of better-than-expected Q4 financial results and positive FY24 Core FFO guidance. The company also announced an increase in its annual distribution.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 4:20 pm

WING

Wingstop Inc. (NASDAQ:WING) reported Q4 fiscal 2023 earnings with adjusted EPS of 64 cents, surpassing Wall Street's estimate of 57 cents. Revenues rose 21.2% to $127.05 million, exceeding expectations. System-wide sales increased 24.5% to $965.9 million. The company announced 115 net new openings, bringing the total to 2,214 Wingstop restaurants. Adjusted EBITDA grew 13.2% to $39.1 million. A quarterly dividend of 22 cents per share will be paid on March 29, 2024. For fiscal 2024, Wingstop anticipates mid-single-digit domestic same-store sales growth and around 270 global net new units. The company expects stock-based compensation expense of about $19 million and depreciation and amortization of $18 million to $19 million. Despite the positive report, WING shares dropped 2.77% to $315.47.

Portfolio Pulse from Nabaparna Bhattacharya

February 21, 2024 | 4:16 pm

CLH

Clean Harbors reported lower-than-expected Q4 revenue results, leading to a decrease in its stock price.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 4:05 pm

MFIN

Medallion Financial's shares dropped following mixed Q4 financial results, indicating a disparity between expected and actual financial performance.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 4:03 pm

UVE

Universal Insurance Holdings (NYSE:UVE) is scheduled to release its quarterly earnings report on February 22, 2024. Analysts predict an EPS of $0.25. The company's past earnings performance shows a mix of beats and misses, with the stock price reacting variably. Shares are currently trading at $17.41, up 38.08% over the last year. Investors are looking for positive guidance for the next quarter.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 4:02 pm

VICR

Vicor (NASDAQ:VICR) is scheduled to release its quarterly earnings report on February 22, 2024, with analysts expecting an EPS of $0.32. The company's past earnings performance shows a mixed impact on its stock price, with significant fluctuations following earnings announcements. Vicor's stock has been trading at $47.18 as of February 20, reflecting a 16.92% decline over the last 52 weeks. Investors are looking for positive guidance for the next quarter beyond the earnings beat.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 4:02 pm

ZEUS

Olympic Steel (NASDAQ:ZEUS) is scheduled to release its quarterly earnings report on February 22, 2024. Analysts predict an EPS of $0.30. The company's past earnings performance shows a mix of beats and misses, with the stock price reacting accordingly. Shares are currently trading at $69.47, up 50.51% over the last 52 weeks. Investors are looking for not just an earnings beat but also positive guidance for future growth.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 4:02 pm