Streetbeat News

Revenues

IPGP

IPG Photonics has provided guidance for Q3 2024, expecting revenue between $210M and $240M, which is below the estimated $258.96M. The company also anticipates EPS in the range of $0.00 to $0.30, compared to the estimated $0.51.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 12:04 pm

CTS

CTS (NYSE:CTS) reported Q2 earnings of $0.54 per share, beating the analyst estimate of $0.53 but showing a decrease from $0.59 per share last year. Sales were $130.16 million, missing the $133.38 million estimate and down from $145.18 million last year.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 12:03 pm

ECL

Ecolab (NYSE:ECL) reported Q2 2024 adjusted EPS of $1.68, beating the estimate of $1.67, but sales of $3.985 billion missed the $4.028 billion estimate. EPS increased by 35.48% year-over-year, while sales grew by 3.45%.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 12:03 pm

ITW

Illinois Tool Works (NYSE:ITW) reported Q2 2024 GAAP EPS of $2.54, beating the estimate of $2.47, but sales of $4.027 billion missed the $4.080 billion estimate.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 12:03 pm

CVRX

Analysts have provided mixed ratings on CVRx (NASDAQ:CVRX) over the past three months, with a recent trend towards lowering price targets. The average 12-month price target has dropped by 21.43% to $13.75. CVRx's financial performance shows strong revenue growth but challenges in profitability and returns.

Portfolio Pulse from Benzinga Insights

July 30, 2024 | 12:01 pm

CORT

Corcept Therapeutics (NASDAQ:CORT) has been analyzed by 8 analysts, showing a range of bullish to somewhat bullish sentiments. The average 12-month price target has increased to $46.5, reflecting a 9.72% rise from the previous target. The company has shown strong financial performance with significant revenue growth, high net margins, and efficient asset management.

Portfolio Pulse from Benzinga Insights

July 30, 2024 | 12:00 pm

LGIH

LGI Homes has updated its fiscal 2024 guidance, lowering its expected home closings to 6,400-7,200 from the prior 7,000-8,000. The company also raised its adjusted gross margin guidance to 25.5%-26.5% from 25%-26%. Other key metrics include an average sales price per home of $360,000-$370,000 and a gross margin of 23.5%-24.5%.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 11:56 am

PYPL

PayPal Holdings Inc (NASDAQ:PYPL) reported strong Q2 earnings, with revenue and EPS beating analyst estimates. The company saw significant growth in payment volumes and transactions, and raised its guidance for the year. Despite a decrease in total active accounts, the stock price gained 5.99% premarket.

Portfolio Pulse from Anusuya Lahiri

July 30, 2024 | 11:53 am

CVLT

Commvault Systems has updated its guidance for fiscal year 2025, expecting total revenues between $915 million and $925 million, slightly higher than previous estimates. The company also anticipates a 15% year-over-year growth in total ARR, with subscription revenue projected between $522 million and $527 million. Subscription ARR is expected to grow between 23% and 25% year-over-year. Non-GAAP operating margin is forecasted to be between 20% and 21%, and free cash flow is expected to be at least $200 million.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 11:49 am

DTM

DT Midstream reaffirms its 2024 guidance, expecting adjusted EBITDA of $930M-$980M and adjusted EPS of $3.43-$3.83, which is below the $3.94 estimate. The company also provides an early outlook for 2025, expecting adjusted EBITDA of $980M-$1.04B.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 11:48 am