Streetbeat News

Earnings

LEG

Leggett & Platt has lowered its FY23 guidance, with expected EPS of $1.45-$1.65, down from the estimated $1.63, and revenue of $4.75B-$4.95B, down from the estimated $4.94B. The decrease is primarily due to lower expected volume in residential end markets. The company also expects a gain from net insurance proceeds from tornado damage of ~$0.05 per share.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 8:38 pm

NCSM

NCS Multistage Holdings reported Q2 losses of $(2.50) per share, a 19.62% decrease YoY. The company also reported a 7.55% decrease in sales to $25.39 million YoY.

Portfolio Pulse from totan@benzinga.com

July 31, 2023 | 8:38 pm

ES

Eversource Energy reported Q2 adjusted earnings of $1.00 per share, beating the analyst consensus estimate of $0.92 by 8.7%. This is a 16.28% increase from the same period last year. However, the company's quarterly sales of $2.63 billion missed the analyst consensus estimate of $2.88 billion by 8.59%, a 2.18% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 8:37 pm

HTLF

Heartland Financial USA (NASDAQ:HTLF) reported Q2 earnings of $1.11 per share, missing the analyst consensus estimate of $1.15 by 3.48%. This is a 5.13% decrease from the same period last year. The company also reported quarterly sales of $179.63 million, missing the analyst consensus estimate of $181.53 million by 1.05%. This is a 1.48% increase from the same period last year.

Portfolio Pulse from vinayak@benzinga.com

July 31, 2023 | 8:37 pm

RRX

Regal Rexnord has projected its FY23 adjusted EPS to be between $10.20 and $10.60, which is slightly below the estimated $10.63.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 8:36 pm

AVB

AvalonBay Communities (NYSE:AVB) reported Q2 earnings of $2.66 per share, a 9.47% increase from $2.43 per share in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 8:36 pm

RRX

Regal Rexnord (NYSE:RRX) reported Q2 earnings of $2.56 per share, beating the analyst consensus estimate of $2.44 by 4.92%. However, this is a 7.25% decrease from the same period last year. The company also reported quarterly sales of $1.77 billion, beating the analyst consensus estimate of $1.62 billion by 9.06%, and marking a 31.10% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 8:36 pm

LEG

Leggett & Platt reported Q2 earnings of $0.40 per share, beating the analyst consensus estimate of $0.39 by 2.56%. However, this is a 42.86% decrease from the same period last year. The company's quarterly sales of $1.22 billion missed the analyst consensus estimate of $1.24 billion by 1.61%, marking an 8.47% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 8:35 pm

DV

DoubleVerify Hldgs (NYSE:DV) reported Q2 earnings of $0.07 per share, beating the analyst consensus estimate of $0.06 by 16.67%. The company also reported quarterly sales of $133.74 million, beating the estimate of $133.33 million by 0.31%. This represents a 16.67% increase in earnings and a 21.80% increase in sales compared to the same period last year.

Portfolio Pulse from sunil@benzinga.com

July 31, 2023 | 8:34 pm

RSG

Republic Services has raised its FY23 guidance, with EPS expected to be $5.33-$5.38, up from the estimated $5.26. Revenue is projected to be $14.775B-$14.85B, slightly lower than the estimated $14.9B. The company's financial guidance is based on current economic conditions and does not anticipate any significant changes in the overall economy in 2023.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 8:33 pm