Streetbeat News

Revenues

ATLC

In the last three months, 5 analysts have published ratings on Atlanticus Holdings (NASDAQ:ATLC), with 4 being somewhat bullish and 1 indifferent. The average 12-month price target is $37.4, with a high of $39.00 and a low of $33.00. The company's financials show strong net margin, ROE, and ROA, but a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

May 22, 2024 | 12:00 pm

TGT

Target Corp (NYSE:TGT) shares are plunging after reporting lower-than-expected first-quarter FY24 adjusted EPS. Despite a 3.1% sales decline, the company beat revenue estimates but missed EPS expectations. Comparable sales fell 3.7%, with store sales down 4.8% and digital sales up 1.4%. Gross margin improved, but operating income fell. Target provided a mixed outlook for Q2 and FY24.

Portfolio Pulse from Shivani Kumaresan

May 22, 2024 | 12:00 pm

AWAY

LYFT

OND

UBER

Uber and Lyft drivers in Minnesota will receive higher pay starting January 1, 2025, due to a new law. The legislation, supported by Governor Tim Walz, sets minimum rates and offers protections for drivers. This could increase costs for riders. Uber reported a 15% revenue growth in Q1 2024 but missed analyst expectations. Uber's stock gained over 63% in the last 12 months, while Lyft's stock gained 98%. Investors can gain exposure to these stocks via ProShares On-Demand ETF (OND) and Amplify Travel Tech ETF (AWAY).

Portfolio Pulse from Anusuya Lahiri

May 22, 2024 | 11:48 am

FBTC

GBTC

IBIT

Bitcoin spot ETFs have seen a seventh consecutive day of inflows, totaling $306 million on May 21. BlackRock’s iShares Bitcoin Trust (IBIT) led with a $290 million inflow, while Fidelity Wise Origin Bitcoin Fund (FBTC) saw a $26 million inflow. Grayscale’s Bitcoin Trust (GBTC) had no net inflow. The total net asset value of all Bitcoin spot ETFs reached $58.910 billion, coinciding with Bitcoin prices climbing above $70,000.

Portfolio Pulse from Murtuza Merchant

May 22, 2024 | 11:47 am

SHIBUSD

Shiba Inu (SHIB) has seen a significant increase in its burn rate, with over 8 million coins burned in the past 10 hours and a total of 410.7 trillion coins transferred to dead wallet addresses. Crypto trader Javon Marks predicts a potential 210% price increase for SHIB, targeting $0.000081, with a further 90% increase possible. SHIB has gained 1.6% in the past 24 hours and 8.2% over the past week. The SHIB community has grown by 100,000 members to 1.39 million since 2023, and large transaction volumes have surged by 73.7% to $145.5 million.

Portfolio Pulse from Khyathi Dalal

May 22, 2024 | 11:36 am

TJX

TJX Companies (NYSE:TJX) reported Q1 2025 earnings per share (EPS) of $0.93, surpassing the analyst consensus estimate of $0.87 by 6.9%. The company also reported quarterly sales of $12.479 billion, beating the estimate of $12.463 billion and marking a 5.91% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 11:32 am

CINT

CI&T has announced its expectations for FY24 net revenue growth at constant currency, projecting a range between -2.5% to +2.5% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 11:30 am

CINT

CI&T expects its Q2 net revenue to be at least R$542 million on a reported basis, which represents a 3.5% growth quarter-over-quarter.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 11:29 am

ARBE

Arbe Robotics expects FY24 revenue to be in line with FY23, with growth anticipated in FY25. The company aims to achieve 4 design-ins with automakers and has strengthened its position in RFQ engagements. Adjusted EBITDA for 2024 is projected to be between ($30) million and ($36) million.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 11:29 am

KC

Kingsoft Cloud Holdings (NASDAQ:KC) reported Q1 sales of $245.93 million, missing the analyst consensus estimate of $248.31 million by 0.96%. This represents a 9.41% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 11:18 am