Streetbeat News

Earnings

FTI

TechnipFMC forecasts its FY24 Subsea revenue to be between $7.2B-$7.6B and Surface Technologies revenue between $1.2B-$1.35B, with an expected free cash flow of $350M-$500M.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:50 am

GVA

Granite Construction (NYSE:GVA) reported Q4 adjusted EPS of $0.82, missing the $0.88 estimate, but sales of $933.70M exceeded the $838.89M estimate. This represents a 46.43% increase in earnings and an 18.31% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:50 am

DRVN

Driven Brands Hldgs (DRVN) reported Q4 adjusted EPS of $0.19, meeting analyst estimates but marking a 24% decrease from last year. Quarterly sales of $553.68M missed estimates by 3.23%, though they represent a 2.60% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:49 am

ETR

Entergy (NYSE:ETR) reported its Q4 earnings at $0.52 per share, meeting the analyst consensus estimate and marking a 1.96% increase from the previous year's earnings of $0.51 per share.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:48 am

IRM

Iron Mountain (IRM) reported Q4 2023 adjusted EPS of $0.52, surpassing the $0.45 estimate, but its sales of $1.42B fell short of the $1.45B estimate. This represents an 11.02% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:46 am

FTI

TechnipFMC (NYSE:FTI) reported Q4 adjusted EPS of $0.14, surpassing the $0.12 estimate, and sales of $2.08B, exceeding the $1.90B estimate. This represents a 380% increase in EPS and a 22.67% increase in sales year-over-year.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:46 am

BP

BP P.L.C. (NYSE:BP) plans to restart its largest U.S. Midwest refinery in Whiting, Indiana, to full production in March after a power outage caused by a transformer failure earlier this month. The refinery, with a capacity of 435,000 barrels per day, was evacuated due to the outage. BP is currently assessing potential damage and the cause of the power loss. Despite missing revenue expectations with $52.14 billion against a consensus of $62.34 billion, BP's underlying RC profit per ADS beat expectations at $1.07 versus $0.15. The company anticipates higher upstream production compared to Q4 FY23 and expects a slight year-over-year increase in FY24, with capital expenditures projected at around $16 billion.

Portfolio Pulse from Lekha Gupta

February 22, 2024 | 11:44 am

PRMW

Primo Water Corp (PRMW) projects Q1 revenue to be between $435M-$445M, below the estimated $512.67M, and forecasts FY24 revenue of $1.84B-$1.88B, under the $2.07B expectation. The company also provided guidance on adjusted EBITDA, cash taxes, cash interest, capital expenditures, and adjusted free cash flow for FY 2024.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:38 am

IMUX

Immunic (IMUX) reported a Q4 EPS of $(0.48), surpassing the $(0.51) estimate, marking a 70.37% improvement from last year's $(1.62) per share loss. Cash and equivalents stood at $46.7M as of December 31, 2023.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:37 am

PLNT

Planet Fitness anticipates a revenue increase of 6%-7% and an adjusted EPS growth of 10%-11% for 2024. The company plans to place new equipment in approximately 120 to 130 franchisee-owned locations and expects system-wide same store sales to be in the high single-digit percentage range.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:35 am