Streetbeat News

Earnings

ES

Eversource Energy has reaffirmed its long-term EPS growth rate from its core regulated businesses to be solidly in the upper half of 5-7%, using $4.09 earned in 2022 as a base.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 8:45 pm

DRQ

Dril-Quip (NYSE:DRQ) reported Q2 losses of $(0.03) per share, missing the analyst consensus estimate of $0.06 by 150%. The company also reported quarterly sales of $89.61 million, missing the analyst consensus estimate of $98.60 million by 9.12%. This represents a 70% increase in losses and a 4.65% decrease in sales compared to the same period last year.

Portfolio Pulse from bharat@benzinga.com

July 31, 2023 | 8:44 pm

HSII

Heidrick & Struggles International expects Q3 2023 consolidated net revenue of between $245 million and $265 million, reflecting typical summer seasonality and potential impacts from external factors such as foreign exchange and interest rate environments, foreign conflicts, inflation, and macroeconomic constraints on pricing actions. The outlook is based on average currency rates in June 2023 and factors in anticipated volume of new Executive Search confirmations, On-Demand Talent projects, and Heidrick Consulting assignments, consultant productivity, consultant retention, and the seasonality of the business along with the current backlog.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 8:44 pm

ES

Eversource Energy has reiterated its 2023 Non-GAAP EEPS projection of $4.25-$4.43, which is in line with the estimate of $4.36.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 8:43 pm

HSII

Heidrick & Struggles Intl (NASDAQ:HSII) reported Q2 earnings of $0.44 per share, missing the analyst consensus estimate of $0.69 by 36.23%. This is a 63.03% decrease from the same period last year. However, the company reported quarterly sales of $271.23 million, beating the analyst consensus estimate of $265.26 million by 2.25%. This is a 9.20% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 8:43 pm

BHE

Benchmark Electronics has projected its Q3 earnings per share (EPS) to be between $0.51 and $0.59, compared to the estimated $0.55. The company also expects its revenue to range from $680 million to $720 million, against the estimated $715.1 million.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 8:42 pm

HUN

Huntsman Corporation reported Q2 earnings of $0.22 per share, missing the analyst consensus estimate of $0.30 by 26.67%. This is a decrease of 82.81% from the same period last year. The company also reported quarterly sales of $1.60 billion, missing the analyst consensus estimate of $1.70 billion by 6.12%, a decrease of 32.43% from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 8:42 pm

IVT

InvenTrust Properties (NYSE:IVT) reported Q2 earnings of $0.43 per share, a 2.38% increase YoY. The company also reported quarterly sales of $64.69 million, beating the analyst consensus estimate of $62.80 million by 3.00% and marking an 8.00% increase YoY.

Portfolio Pulse from vinayak@benzinga.com

July 31, 2023 | 8:41 pm

AVB

AvalonBay Communities (AVB) has projected its FY23 FFO to be between $10.45 and $10.66.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 8:41 pm

AVB

AvalonBay Communities (AVB) has projected its Q3 FFO to be in the range of $2.55-$2.65.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 8:41 pm