Streetbeat News

Earnings

WIX

Wix.com Ltd. (NASDAQ:WIX) reported Q4 financial results surpassing expectations with a 14% Y/Y revenue increase to $403.8 million and an adjusted EPS of $1.22. The company forecasts Q1 revenue between $415 million to $419 million and fiscal 2024 revenue between $1.73 billion to $1.76 billion. Wix.com shares rose 5.9% following the announcement. Analysts from Piper Sandler and Needham raised their price targets on Wix.com, citing strong performance and future growth prospects.

Portfolio Pulse from Avi Kapoor

February 22, 2024 | 12:12 pm

NABL

N-able projects Q1 2024 revenue to be between $111M and $111.5M, surpassing the $110.975M estimate, with adjusted EBITDA expected between $37.5M and $38M, about 34% of total revenue. This indicates a year-over-year growth of 11% to 12%.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 12:12 pm

MNPR

Monopar Therapeutics Inc. announced promising preclinical data for its MNPR-101 radiopharmaceutical program, showing increased tumor uptake and minimized healthy tissue uptake. This program targets cancers expressing the uPAR, including triple-negative breast, colorectal, and pancreatic cancers.

Portfolio Pulse from Charles Gross

February 22, 2024 | 12:12 pm

BRC

Brady (NYSE:BRC) reported Q2 2024 earnings of $0.93 per share, meeting analyst estimates, with a 14.81% increase over the previous year. However, sales of $322.62M missed estimates by 4.96%, marking a 1.11% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 12:10 pm

POOL

Pool Corporation has provided its adjusted diluted EPS forecast for 2024, expecting it to be in the range of $13-$14, which is below the analyst estimate of $14.1.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 12:10 pm

WPP

WPP reported its preliminary financial results for the fiscal year 2023, announcing a revenue of £14.85 billion, which represents a 2.9% increase year-over-year. Additionally, the company reported earnings per share (EPS) of 93.8 pence.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 12:10 pm

BLDR

Builders FirstSource projects its FY24 capital expenditures to be between $400M-$500M, closely aligning with the estimated $401.96M.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 12:09 pm

BLDR

Builders FirstSource projects FY24 gross profit margin of 30%-33%, adjusted EBITDA of $2.4B-$2.8B, net sales of $17.5B-$18.5B, adjusted EBITDA margin of 14.0%-15.0%, and free cash flow of $1.0B-$1.2B, assuming average commodity prices of $400-$440 per mbf.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 12:08 pm

NABL

N-able (NYSE:NABL) reported Q4 2023 adjusted EPS of $0.11, surpassing the $0.08 estimate, with sales of $108.42M also beating the $106.86M estimate. This represents a 10% increase in earnings and a 13.22% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 12:07 pm

BLDR

Builders FirstSource projects its FY24 revenue to be between $17.5 billion and $18.5 billion, which is around the current analyst estimate of $17.72 billion.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 12:07 pm