Streetbeat News

Revenues

GES

Analysts' ratings for Guess (NYSE:GES) over the last quarter show a mix of bullish and indifferent sentiments. The average 12-month price target is $34.11, slightly down from the previous $34.44. Key analysts have maintained or adjusted their ratings and price targets, reflecting varied expectations for the company's future performance. Guess faces challenges in revenue growth, net margin, ROE, ROA, and debt management.

Portfolio Pulse from Benzinga Insights

June 26, 2024 | 1:02 pm

FN

Fabrinet (NYSE:FN) has received diverse analyst ratings over the past three months, with a mix of bullish, indifferent, and neutral perspectives. Analysts have set a 12-month average price target of $208.25, reflecting a 3.61% increase from the previous target. Key analysts from firms like Jefferies, Needham, B. Riley Securities, and JP Morgan have provided updated ratings and price targets. Fabrinet has shown strong financial performance with notable revenue growth, net margin, ROE, and ROA, and maintains a balanced debt approach.

Portfolio Pulse from Benzinga Insights

June 26, 2024 | 1:01 pm

PAYX

Paychex has updated its business outlook for fiscal year 2025, expecting revenue growth of 4.0%-5.5% and adjusted EPS growth of 5%-7%. Management Solutions revenue is expected to grow 3.0%-4.0%, while PEO and Insurance Solutions revenue is anticipated to grow 7.0%-9.0%. The operating margin is projected to be 42%-43%, with other income, net expected to be $35 million-$40 million.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 12:57 pm

AAPL

GOOG

GOOGL

SPOT

WMG

YouTube is negotiating with record labels to develop new AI music tools. This move aims to enhance user experience and create new revenue streams. The development could impact companies like Alphabet (GOOG, GOOGL), Apple (AAPL), Spotify (SPOT), and Warner Music Group (WMG).

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 12:53 pm

GM

TSLA

General Motors' autonomous driving unit, Cruise, has appointed Marc Whitten as its new CEO, effective June 16, as it seeks to resume its robotaxi operations. The company had suspended operations following an accident but has resumed manual driving in Phoenix and Dallas. GM is investing $850 million to cover Cruise's operating costs and is seeking external financing. Tesla is also preparing to unveil its robotaxi offering on August 8.

Portfolio Pulse from Anan Ashraf

June 26, 2024 | 12:41 pm

PAYX

Paychex has updated its business outlook for fiscal year 2025, expecting total revenue growth of 4.0%-5.5% and adjusted EPS growth of 5%-7%. This is a slight downgrade from previous estimates. The company also provided detailed guidance on various revenue streams and financial metrics.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 12:35 pm

BTCUSD

ETHE

ETHUSD

Bitwise CIO Matt Hougan predicts that spot Ethereum ETPs could attract $15 billion in net inflows within the first 18 months. This projection is based on the market capitalizations of Bitcoin and Ethereum, and the expected conversion of the Grayscale Ethereum Trust to an ETP. VanEck plans to be highly competitive in the Ethereum ETF space, potentially accelerating adoption.

Portfolio Pulse from Murtuza Merchant

June 26, 2024 | 12:35 pm

CLIR

ClearSign Technologies has announced the order of its largest burner to date, with delivery expected in Q3.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 12:33 pm

BOF

BranchOut Food Inc. (NASDAQ: BOF) has shipped the first production of new dried vegetable products to the nation's largest retailer, initiating the second of three existing contracts totaling $8 million in annualized revenue. The nationwide launch is set for July 2024.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 12:32 pm

SPY

Building permits for the latest period came in at 1.399 million, slightly above the estimated 1.386 million. This indicates a marginally stronger housing market than expected.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 12:31 pm