Streetbeat News

Earnings

HLX

Helix Energy Solutions Group (HLX) reported Q4 adjusted EPS of $0.06, missing the consensus estimate of $0.10 by 40%. However, their quarterly sales of $335.16M exceeded the estimate of $315.60M by 6.20%, marking a 16.45% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 7:04 am

ATSG

Air Transport Services Group (ATSG) projects a decrease in its 2024 Adjusted EBITDA to approximately $506 million, a $56 million drop from 2023. This forecast excludes potential additional earnings from new aircraft leases or flying opportunities. The company anticipates a $410 million capital expenditure in 2024, significantly lower than in 2023. The decline in earnings is attributed to fewer 767-200 freighter leases, lower engine utilization, and changes in their 767-300 freighter fleet.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 7:02 am

ATSG

Air Transport Services Group (ATSG) reported Q4 adjusted EPS of $0.18, missing the $0.28 estimate, and sales of $517.04M, missing the $523.06M estimate. This represents a 66.04% decrease in earnings and a 3.00% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 6:57 am

ZAPP

Zapp Electric Vehicles Group reported a significant increase in its FY 2023 net loss to $222.1 million from $3.6 million in the previous year, primarily due to $213.7 million in expenses related to a business combination completed in April 2023. The company's operating loss also widened to $7.8 million from $3.6 million year-over-year.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 6:56 am

WDS

Woodside Energy Group reported a significant decrease in both earnings per share and sales for the fiscal year, with EPS dropping 79.46% to $0.88 from $4.26 YoY, and sales decreasing 16.79% to $13.99B from $16.82B YoY.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 6:49 am

AJX

Great Ajax (NYSE:AJX) reported a Q4 adjusted loss of $(0.07) per share, missing the $(0.01) estimate by 600%. Net interest income was $3.17M, down from $3.97M YoY, marking a 40% increase in losses from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 6:42 am

CAVA

CAVA Group projects a positive fiscal 2024 outlook with adjusted EBITDA expected to be between $86M-$92M. The company anticipates 3%-5% same restaurant sales growth, 22.7%-23.3% restaurant-level profit margin, and plans to open 48 to 52 new restaurants. Pre-opening costs are estimated to be $11.5M-$12.5M.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 6:33 am

CAVA

Cava Group (NYSE:CAVA) reported a significant improvement in Q4 earnings, posting $0.02 EPS, up from a loss of $(13.72) YoY. Sales reached $177.17M, exceeding the $174.29M estimate and marking a 36.36% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 6:24 am

PAC

Grupo Aeroportuario del (NYSE:PAC) reported Q4 earnings of $2.29 per share, missing the $2.44 estimate, but sales of $520.62M exceeded the $454.94M estimate, marking a 27.73% increase over the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 6:22 am

ADTN

Adtran (NASDAQ:ADTN) reported a significant miss in Q4 adjusted EPS at $(1.09) versus the $(0.11) estimate and a slight miss in sales at $225.48M against the $228.30M estimate. This represents a drastic decrease in earnings and a 37.06% drop in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 6:14 am