Streetbeat News

Earnings

AES

AES shares are trading lower due to the company reporting worse-than-expected Q4 revenue results.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 6:51 pm

HEI

Heico shares are trading lower following the announcement of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 6:50 pm

PARA

PARAA

Paramount Global (NASDAQ:PARA)(NASDAQ:PARAA) is set to report Q4 financial results, with analysts expecting a revenue of $7.85 billion, a decrease from the previous year but the highest of the fiscal year. The company is anticipated to report a loss per share, contrasting with the prior year's profit. Analysts have mixed ratings on Paramount, with concerns over television revenue and potential mergers. Paramount is considering ventures or buyouts with several companies and is expected to undergo layoffs. The company's streaming platform, Paramount+, gained 2.7 million subscribers in Q3. The first quarter included Super Bowl LVIII, which had record viewership and ad revenue potential.

Portfolio Pulse from Chris Katje

February 27, 2024 | 6:46 pm

DRS

Leonardo DRS shares surged following the announcement of their Q4 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 6:40 pm

PRVA

Privia Health Group's shares surged following the announcement of their Q4 adjusted EPS results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 6:32 pm

FSK

FS KKR Capital's shares dropped following the announcement of disappointing Q4 earnings per share (EPS) results, falling short of market expectations.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 6:30 pm

GOOG

GOOGL

MSFT

ZM

Zoom Video Communications Inc (ZM) reported a revenue increase of almost 3% YoY to $1.15 billion for the fiscal fourth quarter, surpassing estimates and showing a net income turnaround from the previous year's loss. Despite competition from Microsoft (MSFT) and Google (GOOG, GOOGL), Zoom's strategic diversification and enhancements like the Zoom AI Companion have helped it maintain growth in a competitive market. The company provided a positive outlook for the upcoming quarter and fiscal year 2025, emphasizing its commitment to democratizing AI access for all customers.

Portfolio Pulse from Upwallstreet

February 27, 2024 | 6:27 pm

TREX

Trex Company, Inc. (NYSE:TREX) exceeded Q4 earnings and sales expectations, reporting adjusted earnings of 20 cents per share and quarterly sales of $195.75 million. The company forecasts FY24 net sales between $1.215 billion and $1.235 billion, significantly above estimates. Following the report, Trex shares dropped by 2.1%. Analysts from Truist Securities, Stifel, DA Davidson, and UBS have raised their price targets on Trex, maintaining Buy and Neutral ratings.

Portfolio Pulse from Avi Kapoor

February 27, 2024 | 6:19 pm

SBAC

SBA Communications shares dropped following a report of disappointing Q4 revenue results. Additionally, BMO Capital kept an outperform rating but reduced the price target from $285 to $265.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 6:10 pm

HIMS

Hims & Hers Health, Inc. (NYSE:HIMS) reported better-than-expected Q4 earnings, beating analyst estimates with earnings of 1 cent per share and quarterly sales of $246.62 million. The company also issued strong guidance for Q1 2024 and FY 2024, expecting to surpass $1 billion in revenue. Following the report, HIMS shares surged 31.9% to $13.52. Analysts from Truist Securities, Piper Sandler, Citigroup, and Guggenheim have subsequently raised their price targets on HIMS.

Portfolio Pulse from Avi Kapoor

February 27, 2024 | 6:10 pm