Streetbeat News

Earnings

CPA

MMM

UPS

Wall Street's most accurate analysts have provided updates on three high-yielding industrials stocks: 3M Company (MMM), Copa Holdings (CPA), and United Parcel Service (UPS). MMM's price targets were cut by Citigroup and Mizuho due to FY24 EPS guidance below estimates, despite better-than-expected Q4 EPS. CPA's price target was raised by Raymond James and cut by HSBC, following better-than-expected Q4 earnings. UPS saw an upgrade from UBS and a price target cut from Raymond James, after reporting disappointing Q4 sales and FY24 sales guidance.

Portfolio Pulse from Avi Kapoor

February 15, 2024 | 12:24 pm

SHAK

Shake Shack provided its FY24 outlook, projecting revenues of $1.21B-$1.25B, which is slightly below the $1.25B estimate. The company also anticipates an operating margin of 19%-19.50%.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 12:20 pm

EPAM

EPAM Systems' shares surged following the announcement of their fourth-quarter financial results, which exceeded expectations. Additionally, the company provided a revenue guidance for Q1 that surpasses estimates.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 12:20 pm

ALKS

Alkermes projects its fiscal year 2024 revenues to be between $1.5 billion and $1.6 billion, aligning closely with the consensus estimate of $1.52 billion. Additionally, the company anticipates achieving a 30% EBITDA margin in 2024.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 12:19 pm

SHAK

Shake Shack provided its Q1 outlook, projecting revenues between $288.4M and $292.8M, which brackets the analyst estimate of $289.8M. The company also anticipates an operating margin of 19% to 19.5%.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 12:19 pm

ZBRA

Zebra Technologies Corp. (ZBRA) shares are trading higher following the announcement of their fourth-quarter financial results, which exceeded expectations. Additionally, the company provided first-quarter guidance that surpassed estimates.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 12:14 pm

IRWD

Ironwood Pharmaceuticals projects its FY24 sales to range from $435M to $455M, which is below the estimated $462.82M. Additionally, the company anticipates its FY24 adjusted EBITDA to exceed $150M.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 12:13 pm

OTLY

Oatly Group (OTLY) reported Q4 GAAP EPS of $(0.50), missing the $(0.15) estimate by 233.33%, and a 138.1% decrease from last year. However, sales of $204.12M beat the $191.34M estimate by 6.68%, marking a 4.64% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 12:11 pm

EPR

PEAK

SBAC

WPC

The article highlights the top 4 oversold real estate stocks, identified by their low Relative Strength Index (RSI) values, suggesting potential undervaluation. W.P. Carey Inc. (WPC), SBA Communications Corporation (SBAC), Healthpeak Properties, Inc. (PEAK), and EPR Properties (EPR) are mentioned as having RSI values near or below 30, indicating they may be oversold. Recent performance and expectations for each company are briefly discussed.

Portfolio Pulse from Avi Kapoor

February 15, 2024 | 12:10 pm

IRWD

Ironwood Pharmaceuticals (NASDAQ:IRWD) reported Q4 sales of $117.55M, slightly above the $117.48M estimate, marking a 9.66% increase from the previous year. The company also generated $35.8M in cash from operations during Q4.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 12:10 pm