Streetbeat News

Earnings

WMT

Walmart's stock is trading higher following the announcement of their Q4 financial results, which surpassed expectations.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 12:35 pm

ESGR

Enstar Group (ESGR) reported a significant increase in its Q4 earnings per share (EPS) to $39.71, up 199.47% from $13.26 YoY. Sales also surged to $482M, marking a 161.96% increase from $184M YoY.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 12:35 pm

ZCAR

Zoomcar Holdings, Inc. (NASDAQ:ZCAR) shares dropped over 7% in premarket trading after announcing a partnership with SPARKCARS to add over 1,000 electric vehicles to its platform in India. Despite a 19% decrease in net revenue to $2.4 million in the third quarter, Zoomcar projects a significant revenue increase for the calendar year ending December 31, 2024, and expects to achieve a positive adjusted EBITDA run rate.

Portfolio Pulse from Nabaparna Bhattacharya

February 20, 2024 | 12:27 pm

CRNT

Ceragon Networks projects its 2024 revenue to be between $385M and $405M, indicating an 11% to 17% growth from 2023, factoring in contributions from its recent acquisition of Siklu in December 2023. The company also targets non-GAAP operating margins of at least 10% and anticipates increased non-GAAP profit along with positive free cash flow for the full year.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 12:21 pm

CRNT

Ceragon Networks (NASDAQ:CRNT) reported Q4 adjusted EPS of $0.04, surpassing the $0.03 estimate, with sales of $90.36M exceeding the $84.78M estimate, marking a 19.63% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 12:19 pm

BCYC

Bicycle Therapeutics reported a Q4 EPS of $(1.16), a decrease from $(1.01) YoY, and sales of $5.33M, missing the $7.14M estimate.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 12:13 pm

WMT

Walmart has provided its Q1 and FY25 adjusted EPS forecasts. For Q1, it expects an adjusted EPS of $1.48-$1.56 on a pre-split basis, aligning with the consensus of $1.48, and $0.52 on a post-split basis. For FY25, Walmart forecasts an adjusted EPS of $6.70-$7.12 pre-split, surpassing the consensus of $6.55, and $2.23-$2.37 post-split.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 12:10 pm

OIS

Oil States International (NYSE:OIS) reported Q4 2023 earnings of $0.09 per share, meeting analyst estimates. However, its quarterly sales of $208.27M fell short of the expected $216.22M, a 3.68% miss, though it represents a 2.88% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 12:10 pm

DAN

Dana Incorporated forecasts its FY24 diluted EPS to be between $0.35 and $0.85, with an Adjusted EBITDA of $875M-$975M, aiming for an 8.5% EBITDA margin at the midpoint of this range.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 12:09 pm

SMMT

Summit Therapeutics reported a Q4 EPS loss of $(0.05), marking a 28.57% improvement from the $(0.07) per share loss reported in the same quarter last year.

Portfolio Pulse from totan@benzinga.com

February 20, 2024 | 12:07 pm