Streetbeat News

Earnings

PEB

Pebblebrook Hotel Trust reported that their December operating results surpassed expectations, with a 7.1% year-over-year increase in same-property Hotel RevPAR and a 9.7% rise in non-room revenue.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 12:09 pm

KIRK

Kirkland's reported a 3.1% increase in comparable sales for the first two months of fiscal Q4 ending December 30, 2023. This reflects a 1.5% rise in November and a 4.8% increase in December, year-over-year. The growth was attributed to robust in-store performance, with higher traffic and conversion rates.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 12:04 pm

HUN

Huntsman Corporation has reduced its Q4 adjusted EBITDA forecast to $40M-$45M, down from the previously guided range of $65M-$90M. The revision is attributed to ongoing challenges in the Polyurethanes segment.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 12:02 pm

ACCD

Accolade (NASDAQ:ACCD) has received mixed ratings from 7 analysts over the last quarter, with recent sentiment showing 1 bullish rating in the last 30 days compared to 2 bullish and 2 somewhat bullish ratings 1 month ago. The 12-month price target average has increased to $14.71, up 8.96% from the previous $13.50, with a high estimate of $17.00 and a low of $12.00. Analysts from firms including Needham, Truist Securities, Piper Sandler, Wells Fargo, Raymond James, and Stifel have updated their ratings and price targets, reflecting their views on Accolade's market performance and financials. Accolade's financial indicators show a positive revenue trend with a growth rate of 9.26% as of November 30, 2023, but it has a net margin of -21.2% and ROE of -4.83%, indicating potential profitability and efficiency challenges.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 12:01 pm

TRV

Travelers Companies (NYSE:TRV) reported Q4 2023 earnings of $7.01 per share, surpassing the analyst consensus estimate of $5.09 by 37.72%. Net premiums written for the quarter were $9.994B.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 11:59 am

SAVE

Spirit Airlines anticipates Q4 2023 total revenue to be at the high end of its initial guidance, with operating expenses estimated to be better than expected. The consensus revenue estimate was $1.31 billion.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 11:57 am

SLB

SLB (NYSE:SLB) reported Q4 adjusted earnings of $0.86 per share, surpassing the consensus estimate of $0.84, and marking a 21.13% increase from the previous year. Quarterly sales reached $8.99B, slightly beating the $8.96B estimate and showing a 14.10% increase year-over-year.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 11:53 am

CMA

Comerica (NYSE:CMA) reported Q4 adjusted earnings per share (EPS) of $1.46, surpassing the analyst estimate of $1.36 by 7.35%. However, this represents a 43.41% decrease from the $2.58 EPS reported in the same quarter last year. Quarterly sales were $782 million, falling short of the $839.36 million estimate by 6.83% and marking a 23.33% decline from the $1.02 billion reported in the previous year's corresponding period.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 11:46 am

FITB

Fifth Third Bancorp (NASDAQ:FITB) exceeded analyst expectations for Q4 with an adjusted EPS of $0.99, surpassing the $0.85 estimate, and reported sales of $2.17B, slightly beating the $2.16B estimate. However, this reflects a decrease from the previous year with earnings down 1.98% and sales down 6.47%.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 11:41 am

HBAN

Huntington Bancshares (NASDAQ:HBAN) reported Q4 adjusted EPS of $0.27, meeting analyst estimates but marking a 37.21% decrease from the previous year. Quarterly sales were $1.73B, falling short of the expected $1.77B and down 11.68% from the previous year.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 11:35 am