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Revenues

MSGS

PSCU

SIXS

Madison Square Garden Sports Corp (NYSE:MSGS) reported a fiscal third-quarter 2024 revenue of $429.95 million, surpassing Wall Street estimates but fell short on earnings per share at $1.57 against an expected $2.60. Revenue growth of 12% year over year was driven by higher ticket sales, suite revenues, and other related income. Despite this, MSGS shares dropped 1.19% to $184.94. The stock is also part of Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) and ETC 6 Meridian Small Cap Equity ETF (NYSE:SIXS).

Portfolio Pulse from Anusuya Lahiri

May 02, 2024 | 4:18 pm

NYCB

Analysts have diverse opinions on New York Community (NYSE:NYCB), with recent evaluations showing a shift towards a more cautious stance. Over the last three months, 20 analysts have provided ratings, with a significant number being indifferent. The average 12-month price target is now $4.22, marking a 32.15% decline from the previous target. Recent actions by analysts include adjustments to ratings and price targets, reflecting changes in market conditions and company performance. Despite a positive revenue trend, NYCB faces challenges in profitability, asset utilization, and debt management.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 4:01 pm

HII

MISL

SHLD

Huntington Ingalls Industries Inc (NYSE:HII) reported first-quarter FY24 results with a 4.9% Y/Y increase in sales and service revenue to $2.81 billion, surpassing the consensus of $2.79 billion. EPS rose 19.8% Y/Y to $3.87, beating the consensus of $3.49. Operating income grew 9.2% Y/Y to $154 million. The company saw strong growth in Mission Technologies and stable shipbuilding progress, reiterating its FY24 outlook with expected Shipbuilding revenue of $8.8 billion-$9.1 billion and Mission Technologies revenue of $2.70 billion-$2.75 billion. Despite these positive results, HII shares dropped 11.03% to $246.35. Investors can also gain exposure to HII through Global X Funds Global X Defense Tech ETF (NYSE:SHLD) and First Trust Indxx Aerospace & Defense ETF (NYSE:MISL).

Portfolio Pulse from Lekha Gupta

May 02, 2024 | 4:01 pm

CHCT

Community Healthcare (NYSE:CHCT) has received mixed analyst ratings over the past three months, with a shift towards a more neutral stance in the last 30 days. The average 12-month price target has been adjusted downward by 18.06% to $29.5 from $36.00. Analyst actions include adjustments to ratings and price targets by firms such as Piper Sandler and Evercore ISI Group, reflecting dynamic market conditions and company performance. Community Healthcare, a healthcare real estate company, has shown a revenue growth of 7.94% as of March 31, 2024, but faces challenges in market capitalization, ROE, and competition within the Real Estate sector.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 4:00 pm

EQH

Equitable Holdings (NYSE:EQH) has received diverse analyst ratings over the last three months, with 6 analysts offering views ranging from bullish to bearish. Recent updates show an average 12-month price target of $43.83, marking a 7.35% increase from the previous target. Analysts from firms like Truist Securities, Morgan Stanley, and Wells Fargo have raised their price targets, reflecting optimism about the company's performance. Equitable Holdings, a financial services company, has shown strong financial indicators such as revenue growth, net margin, and ROE, despite a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 4:00 pm

SBOW

SilverBow Resources (NYSE:SBOW) received varied analyst ratings, with a consensus leaning towards bullish. The average 12-month price target was slightly adjusted down by 0.35% to $42.6. Analyst actions included ratings and price target adjustments, reflecting dynamic market conditions and company performance. SilverBow's financial indicators show strong revenue growth, net margin, ROE, and ROA, outperforming industry averages, despite a market capitalization below industry averages and a debt-to-equity ratio indicating sound financial structure.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 4:00 pm

NVST

Analysts have provided diverse evaluations of Envista Holdings (NYSE:NVST) over the last three months, with a consensus indicating a neutral to somewhat bearish outlook. The average 12-month price target for NVST has been adjusted to $20.5, a significant decrease from the previous $28.33. This adjustment reflects a downward trend in analyst expectations, influenced by Envista Holdings' recent financial performance, including a revenue decline of -2.3% and a net margin of -33.67%. Despite a strong Return on Equity (ROE) of -5.14%, challenges in revenue growth, net margin, and Return on Assets (ROA) have impacted analysts' views.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 4:00 pm

ALKT

Alkami Technology (NASDAQ:ALKT) has been evaluated by 6 financial analysts over the past three months, showing a mix of bullish to indifferent sentiments. The average 12-month price target for ALKT is now $30.0, marking an 11.11% increase from the previous target of $27.00. Analysts from firms including Needham, JMP Securities, JP Morgan, and Barclays have adjusted their ratings and price targets, reflecting a positive outlook on the company's performance and market position. Alkami Technology, a provider of cloud-based digital banking solutions, has shown a revenue growth rate of 28.5% as of December 31, 2023, but struggles with profitability and efficiency, as indicated by its net margin and ROE/ROA figures.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 4:00 pm

CMI

Cummins Inc (NYSE:CMI) reported a slight decline in Q1 2024 sales by 0.6% YoY to $8.401 billion, missing consensus estimates. International demand weakened, particularly in China and Europe, while North American sales remained flat. Adjusted EPS was $5.10, below the expected $5.13. The company saw a net gain from the Atmus separation but faced restructuring expenses. Despite a decrease in operating income and cash flow, Cummins raised its 2024 revenue and profitability expectations, anticipating a demand slowdown in H2 2024. Shares fell by 1.50% to $279.62.

Portfolio Pulse from Akanksha Bakshi

May 02, 2024 | 3:59 pm

UNVGY

Universal Music Group N.V. (UMG) reported a Q1 2024 revenue of €2.594 billion, marking a 5.8% increase YoY. The growth, attributed to all segments, was stronger in constant currency terms at 7.9%. EBITDA soared by 87.7% YoY to €490 million, with the EBITDA margin reaching 18.9% due to lower non-cash share-based compensation expenses. Adjusted EBITDA was €591 million, up 13.2% YoY, with its margin expanding to 22.8%, reflecting revenue growth, operating leverage, and savings from the equity plan rollout.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 3:47 pm