Streetbeat News

Revenues

STVN

Stevanato has revised its 2024 guidance downwards, attributing the change to a more significant impact from industry-wide destocking in Q1 and a slower recovery in vials demand. Additionally, the postponement of expected orders from a key customer has contributed to this updated outlook.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 10:30 am

FA

First Advantage has reaffirmed its full-year 2024 guidance, projecting revenues between $750M-$800M, which aligns with the consensus estimate of $779.932M. The company also expects adjusted EPS to range from $0.88 to $0.98, closely matching the consensus estimate of $0.95. Additionally, First Advantage anticipates adjusted EBITDA between $228M-$248M and adjusted net income of $127M-$142M.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 10:26 am

EPAM

EPAM Systems has revised its FY24 revenue forecast to $4.575B-$4.675B, down from the previous $4.74B-$4.88B, against a $4.81B estimate. The adjusted EPS forecast is now $10.00-$10.30, slightly adjusted from $10.00-$10.40, compared to a $10.18 estimate. This revision reflects a year-over-year revenue decline of 1.4% at the midpoint, with an organic constant currency basis decline of about 2.0%, excluding the impact from exiting Russia. The company also adjusted its GAAP and non-GAAP income from operations and expects a GAAP effective tax rate of 20% and a non-GAAP rate of 24%. GAAP diluted EPS is expected to be $7.34-$7.64, with non-GAAP diluted EPS at $10.00-$10.30.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 10:14 am

GGR

Gogoro reaffirmed its FY24 revenue forecast of $385M-$420M, despite lower first quarter revenue compared to previous years. The company's optimism is based on expected seasonal volume increases, a backlog of orders for JEGO, and preorders for Pulse.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 10:11 am

EPAM

EPAM Systems projects Q2 revenue of $1.135B-$1.145B, below the $1.18B estimate, and adjusted EPS of $2.21-$2.29, under the $2.44 estimate. The company anticipates a year-over-year revenue decline of 2.6% and a 3.0% decline excluding Russia's impact. EPAM expects GAAP income from operations to be 9.0%-10.0% of revenues, with a GAAP effective tax rate of about 25% and non-GAAP effective tax rate of 24%. GAAP diluted EPS is forecasted to be $1.52-$1.60, with non-GAAP diluted EPS at $2.21-$2.29.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 10:09 am

CCO

Clear Channel Outdoor forecasts Q2 revenue to be between $547M and $572M, compared to the estimated $559.52M.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 10:07 am

AHH

Armada Hoffler Properties (NYSE:AHH) reported a Q1 adjusted FFO of $0.33 per share, surpassing the $0.31 estimate, and a rental income of $61.88M, beating the $60.74M estimate. Both figures represent a significant increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 10:05 am

CSIQ

Canadian Solar projects its Q2 total revenue to be between $1.5B and $1.7B, falling short of the estimated $2.09B. For FY24, the company anticipates total revenue to range from $7.3B to $8.3B, also below the expected $8.71B.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 10:04 am

TSQ

Townsquare Media (NYSE:TSQ) reported Q1 2024 earnings of $0.03 per share, missing the consensus estimate of $0.05 by 40%. However, their quarterly sales of $99.633M exceeded the estimate of $98.638M by 1.01%, despite being a 3.37% decrease from the previous year's $103.110M.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 10:01 am

DM

Desktop Metal has reaffirmed its fiscal year 2024 revenue guidance, projecting revenues to be in the range of $175 million to $215 million.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 10:01 am