Streetbeat News

Earnings

CPG

Crescent Point Energy Corp (NYSE:CPG) has released a preliminary FY24 outlook and updated 5-year guidance. The company expects annual production of 145,000 to 151,000 boe/d in FY24, with projected development capital expenditures of C$1.05 billion to C$1.15 billion. CPG plans to allocate around 70% of the budget to its Kaybob Duvernay and Alberta Montney plays. The company also sees significant excess cash flow of over C$1.0 billion at $80/bbl WTI and projects net debt of C$1.7 billion. The company expects to return around 60% of excess cash flow to shareholders via dividends and share repurchases.

Portfolio Pulse from Lekha Gupta

September 11, 2023 | 12:17 pm

ENLV

Enlivex Therapeutics has reported an increase in its H1 research and development expenses to $10.2M, up from $8.8M year-on-year.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 12:15 pm

LSCC

MRCY

NVTS

VINE

Insiders at four companies, Navitas Semiconductor Corporation (NVTS), Lattice Semiconductor Corporation (LSCC), Mercury Systems, Inc. (MRCY), and Fresh Vine Wine, Inc. (VINE), have recently sold shares. NVTS and LSCC reported better-than-expected Q2 results, while MRCY reported worse-than-expected Q4 results and issued lower FY24 guidance. VINE is exploring strategic opportunities to maximize shareholder value.

Portfolio Pulse from Lisa Levin

September 11, 2023 | 12:15 pm

SGMA

Sigmatron International reported Q1 earnings of $0.04 per share, a decrease of 81.82% YoY. The company also reported sales of $98.13M, a decrease of 7.05% YoY.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 12:07 pm

RCAT

Red Cat Holdings Inc. (RCAT) has projected its Q2 FY24 revenue to be $3M, which is lower than the consensus estimate of $6M. The company also expects Q3 revenues to be around $5M. This outlook is backed by approximately $6M in signed purchase orders expected to be fulfilled by the end of the fiscal third quarter. Additional purchase orders are anticipated over the next 45 days due to the current seasonally strong period of federal budget activity.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 11:47 am

RCAT

Red Cat Holdings Inc. reported Q1 FY24 revenue of $1.75 million, which was entirely generated from its enterprise division, specifically from its Teal Drones subsidiary.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 11:43 am

FCEL

FuelCell Energy reported a decline of approximately 17.2% in its overall backlog to $1.06 billion as of July 31, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 11:36 am

BOWL

Bowlero (NYSE:BOWL) reported Q4 sales of $239.40 million, missing the analyst consensus estimate of $241.62 million by 0.92 percent. This represents a 10.58 percent decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 11:34 am

FCEL

FuelCell Energy reported Q3 losses of $(0.06) per share, beating the analyst consensus estimate of $(0.08) by 25%. However, the company's quarterly sales of $25.51 million missed the analyst consensus estimate of $27.72 million by 7.97%. This represents a 40.82% decrease over sales of $43.10 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 11:31 am

WELL

Welltower has revised its FY23 Normalized Funds From Operations per share attributable range from $3.48-$3.59 to $3.51-$3.60.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 11:22 am