Streetbeat News

Earnings

GWW

Grainger has revised its FY23 net sales forecast to $16.4B-$16.6B, down from the previous $16.4B-$16.8B. The EPS is now expected to be between $36.00-$36.60, up from the previous $35.00-$36.75. The new estimates are in line with the market expectations of $16.57B in net sales and $36.01 in EPS.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 12:13 pm

CARE

Carter Bankshares (NASDAQ:CARE) reported Q3 earnings of $0.20 per share, a 63.64% decrease from the same period last year. The company also reported quarterly sales of $32.66 million, a 23.98% decrease from the same period last year. Both earnings and sales met the analyst consensus estimate.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 12:12 pm

TOWN

Towne Bank reported Q3 earnings of $0.60 per share, beating the analyst consensus estimate of $0.49 by 22.45%. However, this is a 13.04% decrease from the same period last year. The company also reported quarterly sales of $172.86 million, slightly beating the estimate of $172.42 million but showing a 3.56% decrease from last year.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 12:12 pm

PATK

Patrick Industries CEO, Andy Nemeth, anticipates a potential recovery in RV production next year. He expects improving industry wholesale shipments to offset the financial impact of continued restricted production.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 12:10 pm

TRS

TriMas (NASDAQ:TRS) reported Q3 adjusted earnings of $0.57 per share, beating the analyst consensus estimate of $0.55 by 3.64%. However, the company's quarterly sales of $235.34 million missed the analyst consensus estimate of $247.22 million by 4.81%. The earnings represent a 42.5% increase from the same period last year, while the sales represent a 7.69% increase.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 12:09 pm

LBAI

Lakeland Bancorp reported Q3 earnings of $0.34 per share, in line with analyst consensus. However, the company's quarterly sales of $74.32M missed the estimate of $76.58M by 2.95%. This represents a 29.17% decrease in earnings and a 15.08% decrease in sales compared to the same period last year.

Portfolio Pulse from mahesh@benzinga.com

October 26, 2023 | 12:09 pm

SILC

Silicom Ltd has projected Q4 revenues to range between $20 and $21 million, lower than the estimated $31.63 million. The company anticipates a challenging fiscal year 2024 due to customers' continued draw-down of high component inventories and persistent macro-economic headwinds. However, it expects to return to double-digit growth in 2025.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 12:08 pm

CRS

Carpenter Tech (NYSE:CRS) reported Q1 earnings of $0.88 per share, beating the analyst consensus estimate of $0.76 by 15.79%. However, the company's quarterly sales of $651.90 million missed the analyst consensus estimate of $739.15 million by 11.80%. This represents a 728.57% increase in earnings and a 24.67% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 12:07 pm

STX

Seagate Technology (STX) has provided its Q2 guidance, expecting an adjusted EPS between $(0.30) and $0.10, compared to the estimated $(0.01). The company also anticipates revenue to be between $1.4B and $1.7B, versus the estimated $1.61B.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 12:07 pm

ITGR

Integer Holdings has reaffirmed its FY23 sales outlook of $1.575B to $1.595B, which is higher than the consensus of $1.54B. However, the company has lowered its adjusted EPS to $2.66-$2.86 from $4.47-$4.67, which is below the consensus of $4.36.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 12:07 pm