Streetbeat News

Earnings

HCAT

Health Catalyst (HCAT) shares rose following the announcement of preliminary Q4 revenue that exceeded the midpoint of its guidance range of $70.1M-$75.1M.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 4:58 pm

KBH

KB Home (NYSE:KBH) is expected to report Q4 earnings of $1.69 per share, down from $2.47 per share a year ago, with revenue estimated at $1.62 billion versus $1.94 billion in the previous year. The company outperformed analyst expectations in Q3 FY23 with a sales decline of 13.9% year-on-year. KBH shares rose 2.3% to $62.76 recently. Analysts have revised their ratings and price targets, with Barclays and UBS maintaining positive outlooks and raising their targets, while Deutsche Bank and Wedbush downgraded the stock.

Portfolio Pulse from Avi Kapoor

January 09, 2024 | 4:53 pm

OPRX

OptimizeRx shares have seen an increase following the announcement of their preliminary revenue guidance for the fiscal year 2023. The guidance suggests a positive outlook for the company's financial performance in the upcoming year.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 4:53 pm

VCEL

Vericel Corporation's stock is trading higher following the announcement of preliminary revenue for FY23 and Q4 that exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 4:51 pm

ILMN

JNJ

Illumina, Inc. (NASDAQ:ILMN) shares rose after announcing preliminary Q4 and fiscal year 2023 financial results, with revenue of $1.115 billion, exceeding analyst expectations. The company also confirmed a partnership with Janssen Research & Development, a Johnson & Johnson (NYSE:JNJ) unit, to develop a novel molecular residual disease assay. Illumina's stock price increased by 7.26% to $143.38.

Portfolio Pulse from Nabaparna Bhattacharya

January 09, 2024 | 4:51 pm

BARK

BARK shares have seen an uptick following the company's announcement of preliminary Q3 total revenue guidance that surpassed analyst estimates.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 4:47 pm

AL

BA

EADSY

Air Lease Corp (AL) provided an operational and financing update for Q4 FY23, reporting the delivery of 22 new aircraft, including models from Airbus (EADSY) and Boeing (BA). The company invested approximately $1.2 billion in aircraft during the quarter and sold seven aircraft for about $440 million. Air Lease's fleet now includes 463 owned and 78 managed aircraft, with 334 new aircraft on order to be delivered by 2029. The company also increased its senior unsecured revolving credit facility to $7.4 billion. AL plans to announce Q4 FY23 results on February 15, 2024. In November, AL signed a lease agreement with EGYPTAIR for 18 new Boeing 737-8 aircraft. AL's stock is currently trading down by 0.91% at $40.15.

Portfolio Pulse from Lekha Gupta

January 09, 2024 | 4:46 pm

ALAR

Alarum Technologies' shares are up following the company's announcement of FY23 revenue guidance surpassing estimates and a rise in Q4 operating cash flow.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 4:38 pm

JBL

Institutional holdings data from Quiver Quantitative shows hedge funds and asset managers, including Fidelity, Point72, and Whale Rock Capital Management, have increased their positions in Jabil Inc. (NYSE:JBL). Fidelity notably raised its stake by 15.86%. Jabil reported solid Q1 FY24 earnings with $8.4 billion in net revenue and provided guidance for Q2 FY24 with expected softer demand. Jabil is a leading global manufacturing services provider with a competitive edge in the EMS and DMS segments. The company's strategy focuses on growth through diversification, customer expansion, and strategic acquisitions. Jabil's management has been returning value to shareholders through share repurchases and dividends, with a recent authorization for a $2.5 billion share repurchase program. Management's compensation is heavily tied to performance, aligning with shareholder interests. Jabil's financial health is strong, with efficient operations, manageable debt, and significant free cash flow growth. A reverse discounted cash flow analysis suggests Jabil's stock is undervalued, with a 'fair' share price estimated at $157, indicating a potential investment opportunity.

Portfolio Pulse from Quiver Quantitative

January 09, 2024 | 4:36 pm

ACI

Albertsons Companies Inc (NYSE:ACI) reported a 2.2% increase in Q3 FY23 sales to $18.56 billion, surpassing analyst estimates. Identical sales rose by 2.9%, with pharmacy sales contributing significantly. Digital sales jumped by 21%. However, gross margin rate fell slightly to 28%, and operating income dropped by 2.8% to $566.1 million. Adjusted EBITDA was down 4.4% Y/Y, but adjusted EPS of $0.79 beat estimates of $0.65. The company announced a Q4 dividend of $0.12 per share, payable on February 9, 2024. ACI shares traded down by 0.52% at $22.87.

Portfolio Pulse from Shivani Kumaresan

January 09, 2024 | 4:33 pm