Streetbeat News

Revenues

ICFI

ICF has secured a $17 million contract from FEMA to build a data exchange platform aimed at improving disaster response efficiency.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 8:07 pm

WASH

Washington Trust Bancorp (NASDAQ:WASH) reported Q2 2024 earnings per share (EPS) of $0.63, beating the analyst estimate of $0.49 by 28.57%. Quarterly sales were $31.585 million, surpassing the $30.931 million estimate. Despite the beats, both EPS and sales were down compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 8:07 pm

CLF

Cleveland-Cliffs reported Q2 EPS of $0.00, beating the estimate of $(0.02). However, sales were $5.10 billion, missing the $5.20 billion estimate.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 8:07 pm

CDNS

Cadence Design Systems (CDNS) has provided its Q3 and FY24 financial guidance. For Q3, the company expects adjusted EPS between $1.39 and $1.49, below the estimated $1.60, and revenue between $1.165 billion and $1.195 billion, slightly below the estimated $1.19 billion. For FY24, Cadence forecasts adjusted EPS between $5.77 and $5.97, close to the estimated $5.93, and revenue between $4.6 billion and $4.66 billion, in line with the estimated $4.6 billion.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 8:04 pm

CBNK

Capital Bancorp (NASDAQ:CBNK) reported Q2 earnings per share of $0.59, meeting analyst expectations, and sales of $43.95 million, beating estimates by 1.24%. Both EPS and sales showed year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 8:04 pm

CDNS

Cadence Design Systems (NASDAQ: CDNS) reported Q2 2024 adjusted EPS of $1.28, beating the estimate of $1.22. Sales were $1.061 billion, surpassing the $1.043 billion estimate and showing an 8.64% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 8:02 pm

PR

Analysts have provided a range of ratings for Permian Resources (NYSE:PR) over the past three months, with a majority being bullish. The average 12-month price target has been slightly reduced to $20.86. Key financial metrics indicate challenges in profitability and debt management despite strong revenue growth.

Portfolio Pulse from Benzinga Insights

July 22, 2024 | 8:01 pm

AN

Over the past three months, five analysts have shared their insights on AutoNation (NYSE:AN), with opinions ranging from bullish to bearish. The average 12-month price target has increased by 8.81% to $190.2. Analysts from B of A Securities, Evercore ISI Group, Guggenheim, JP Morgan, and Wells Fargo have all raised their price targets for AutoNation. The company has shown strong financial performance with a revenue growth rate of 1.36%, a net margin of 2.93%, and a return on equity of 8.32%.

Portfolio Pulse from Benzinga Insights

July 22, 2024 | 8:01 pm

GWW

W.W. Grainger (NYSE:GWW) has significantly outperformed the market over the past 5 years, delivering an average annual return of 25.94%. A $1000 investment in GWW 5 years ago would be worth $3,165.05 today. The company's current market capitalization is $46.41 billion.

Portfolio Pulse from Benzinga Insights

July 22, 2024 | 8:00 pm

LIN

Linde (NASDAQ:LIN) has outperformed the market over the past 5 years, delivering an average annual return of 17.34%. A $1000 investment in LIN 5 years ago would now be worth $2,236.73. The article highlights the impact of compounded returns on cash growth.

Portfolio Pulse from Benzinga Insights

July 22, 2024 | 8:00 pm