Streetbeat News

Earnings

GTY

Getty Realty Corp. (NYSE:GTY) reported a record year of investment activity in 2023, with approximately $326 million invested in convenience and automotive retail assets. The company also raised $295 million in new equity and debt capital. Getty announced its 2024 AFFO guidance at $2.29-$2.31 per diluted share, which does not account for future acquisitions, dispositions, or capital market activities. The company's portfolio expanded with acquisitions, development funding, and redevelopments, while also selling nine properties for $12 million.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:26 pm

DAL

FNV

GOOG

HD

On CNBC's 'Halftime Report Final Trades,' analysts provided their insights on several stocks. Josh Brown expects Alphabet Inc. (GOOG, GOOGL) to reach $150, supported by BMO Capital's Outperform rating and $170 price target. Sarat Sethi highlighted Delta Air Lines (DAL) for its pricing and routes, with Q4 earnings expected to be $1.16 per share on $13.52 billion revenue. Amy Raskin chose Franco-Nevada Corporation (FNV), noting its Q3 EPS and sales increase. Stephanie Link selected Home Depot (HD), which launched new smart home devices at CES 2024. Alphabet and Delta shares rose, while Franco-Nevada and Home Depot fell in Tuesday's session.

Portfolio Pulse from Avi Kapoor

January 10, 2024 | 1:24 pm

USAU

U.S. Gold Corp. (NASDAQ:USAU) released a CEO update highlighting recent and upcoming milestones for 2024, focusing on the advancement of its CK Gold Project and exploration assets. The company anticipates permit approval and a finalized feasibility study for the CK Gold Project in H1 2024, with the project becoming shovel ready in H2 2024. The update emphasizes robust economics from copper and gold sales, potential environmental benefits, and contributions to Wyoming's economy. Additionally, U.S. Gold Corp. sees value in its exploration assets in Nevada and Idaho and expects to improve its valuation from a currently low share price, with $4.0 million in treasury.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:24 pm

COMS

COMSovereign Holding Corp. (NASDAQ:COMS) has regained its current filer status by filing its overdue quarterly reports for Q1, Q2, and Q3 of 2023. The company has reduced general and administrative expenses significantly through corporate streamlining, which has also improved its reporting processes. COMSovereign filed its 2022 annual report on December 7, 2023, after appraising goodwill and intangibles across its 16 operating units. The company has been restructuring, including selling off certain assets, to simplify its organization and reduce costs. The CEO, David Knight, emphasizes the company's focus on meeting Nasdaq and SEC requirements and supporting customer and partner needs, aiming for growth in 2024.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:23 pm

BECN

Beacon Roofing Supply (BECN) anticipates low single-digit top line growth in 2024, driven by its Ambition 2025 initiatives, price carryover, and additional selling days, despite potential weather-related demand normalization and a slowdown in certain construction starts. Stable gross margins are expected, with Adjusted EBITDA also projected to grow by low single digits compared to 2023. The company plans to continue its Ambition 2025 strategy, including acquisitions, digital expansion, and productivity improvements, with capital expenditures similar to 2023 levels. Final guidance will be refined after assessing Q4 earnings and macroeconomic conditions.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:18 pm

BECN

Beacon Roofing Supply (BECN) reported preliminary Q4 EPS of $1.42-$1.48, below the $1.64 estimate, but revenue exceeded expectations at $2.3B versus the $2.22B estimate. For FY23, the company expects EPS between $(0.48)-$(0.42) and revenue of $9.1B, slightly above the $9.04B estimate. These results are at the high end of the company's guidance, attributed to higher revenue and strong execution. Final results will be announced around February 27, 2024. The preliminary figures are subject to change upon completion of financial closing procedures.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:16 pm

MTD

Mettler-Toledo International, in its presentation slides, indicated that it expects to recover most of the sales it lost in Q1 by Q1 of 2024.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:15 pm

MDRX

Veradigm, a healthcare information technology solutions unit, has provided its fiscal year 2023 non-GAAP earnings per share (EPS) guidance to be in the range of $0.79 to $0.88.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:15 pm

JPM

JPMorgan Chase & Co. (JPM) is anticipated to release its Q4 earnings on Jan. 12, 2023, with expected earnings of $3.40 per share on revenue of $39.77 billion. Deutsche Bank analyst Matt O'Connor upgraded JPM from Hold to Buy and increased the price target from $140 to $190. CEO Jamie Dimon remains opposed to cryptocurrencies. JPMorgan's current dividend yield is 2.46%, with a quarterly dividend of $1.05 per share. To earn $500 a month in dividends, an investor would need to own 1,429 shares, valued at approximately $243,873. JPM shares fell 0.8% to close at $170.66 on Tuesday.

Portfolio Pulse from Avi Kapoor

January 10, 2024 | 1:15 pm

MDRX

Veradigm, a healthcare information technology solutions provider, has projected its revenue for the fiscal year 2023 to be between $608 million and $622 million.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:14 pm