Streetbeat News

Earnings

JELD

JELD-WEN Holding has provided its 2024 revenue guidance, projecting net revenues of $4.0 to $4.3 billion, which is slightly below the consensus of $4.27 billion. The company anticipates Adjusted EBITDA to be between $370 million and $420 million. These projections reflect a challenging macro environment in North America and Europe, with core revenues expected to be flat to down 7% compared to 2023. JELD-WEN plans to invest in capital expenditures, amounting to about 4% of sales, and incur non-recurring cash expenses of around $100 million to improve financial results.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 6:45 am

JELD

JELD-WEN Holding reported Q4 adjusted EPS of $0.37, surpassing the $0.27 estimate, but its sales of $1.02B fell short of the $1.04B estimate. This represents a decrease in both earnings and sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 6:42 am

DOOR

Masonite International (NYSE:DOOR) reported Q4 adjusted EPS of $1.29, missing the $1.31 estimate, and sales of $660.58M, missing the $662.14M estimate. This represents a 25% decrease in earnings and a 2.28% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 6:41 am

AMZN

MDB

META

MSFT

NVDA

PLTR

Ahead of Nvidia's earnings report, Wedbush analyst Daniel Ives highlighted the importance of Nvidia's role in the AI revolution, emphasizing the anticipation for a 'major beat-and-raise' special. Ives pointed out that after Microsoft, Meta, and Amazon signaled increased AI capex, it's Nvidia's turn to showcase its AI monetization progress. The focus is on data-center AI-driven spending, with Ives optimistic about the AI spending boom. Despite concerns over valuations of AI-focused companies like Nvidia, Microsoft, Palantir, and MongoDB, Ives sees value in these stocks, predicting a significant increase in AI spending over the next decade.

Portfolio Pulse from Shanthi Rexaline

February 20, 2024 | 6:39 am

HSTM

HealthStream (NASDAQ:HSTM) reported Q4 earnings of $0.15 per share, surpassing the $0.10 estimate, marking an 87.5% increase from last year. However, their sales of $70.58M fell short of the $71.79M estimate, a 2.98% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 6:33 am

RIG

Transocean (NYSE:RIG) reported Q4 adjusted EPS of $(0.09), surpassing the $(0.23) estimate, marking an 81.63% improvement year-over-year. However, its $741M in sales fell short of the $760.58M estimate, despite a 22.28% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 6:32 am

BHP

BHP Group reported a decrease in H1 adjusted EPS to $1.34 from $2.06 YoY, while sales increased to $27.23B from $25.71B YoY.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 6:30 am

SSRM

SSR Mining Inc. has updated on the Çöpler mine incident in Türkiye, announcing a temporary suspension of search and rescue activities for stabilization efforts. The company is cooperating with government requests and has postponed its Q4 and full-year 2023 financial results to Feb 27, 2024, with a conference call scheduled for 5:00pm EST.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 6:25 am

NVDA

Bank of America analyst Vivek Arya warns of a potential pullback in Nvidia Corp (NASDAQ:NVDA) stock following its Q4 earnings report, citing an 11% implied post-earnings move based on bullish estimates. Despite this, Arya views the decline as temporary, attributing it to supply-side issues, and maintains Nvidia as an attractive investment, especially given its significant role in AI technology development.

Portfolio Pulse from Benzinga Neuro

February 20, 2024 | 4:29 am

JELD

JELD-WEN Holding (NYSE:JELD) reported Q4 earnings with a 37.04% beat on EPS estimates, posting $0.37 versus the expected $0.27. However, revenue decreased by $310.40 million from the same period last year. The company has a history of beating EPS estimates, which previously led to a 17.69% share price increase the day after last quarter's earnings announcement.

Portfolio Pulse from Benzinga Insights

February 19, 2024 | 9:40 pm