Streetbeat News

Revenues

CSGS

CSG Systems has confirmed its financial guidance for 2024, projecting revenues of $1.20B-$1.24B, surpassing the estimated $1.175B. The company also forecasts an adjusted EPS of $3.85-$4.15, aligning closely with the estimated $4.00.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 8:34 pm

PTC

PTC has revised its Q3 and FY24 earnings and revenue guidance below analyst estimates, citing a challenging selling environment and FX impact. The company reported solid Q2'24 ARR and free cash flow results, driven by its subscription business model and operational discipline. PTC aims to de-lever rapidly, with a debt to EBITDA ratio of 2.3x at Q2'24 end. The updated guidance includes lower EPS and revenue forecasts for Q3 and FY24, with a focus on maintaining free cash flow guidance and narrowing the ARR guidance range.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 8:33 pm

AWK

American Water Works (AWK) reported Q1 2024 earnings of $0.95 per share, missing the consensus estimate of $0.99. However, their sales of $1.011 billion exceeded the estimate of $981.750 million, marking a 7.78% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 8:31 pm

PCOR

Procore Technologies projects its Q2 revenue to be between $274M-$276M, slightly below the estimated $274.9M. For FY24, the company forecasts revenue to be between $1.14B-$1.144B, aligning closely with the $1.14B estimate.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 8:29 pm

NTGR

Netgear projects its Q2 2024 net revenue to be between $125M and $140M.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 8:24 pm

PAYC

Paycom Software projects FY24 total revenues to be between $1.86B and $1.885B, aligning with an estimated $1.872B. The company also forecasts adjusted EBITDA to range from $720 million to $730 million.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 8:24 pm

MAA

Mid-America Apartment (NYSE:MAA) reported Q1 FFO of $2.22 per share, meeting analyst estimates, and sales of $543.62M, slightly above the $542.72M estimate. This represents a 2.63% decrease in earnings per share and a 2.76% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 8:23 pm

FSLY

Fastly provided its Q2 and full year 2024 financial guidance, projecting lower than expected earnings per share (EPS) and revenue. For Q2, EPS is expected to be between $(0.10) and $(0.06), compared to an estimate of $(0.02), and revenue is forecasted to be between $130M and $134M, versus an estimate of $140.16M. For the full year, EPS is anticipated to be between $(0.12) and $(0.06), against an estimate of $(0.03), with revenue projected between $555M and $565M, compared to an estimate of $584.59M.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 8:22 pm

PAYC

Paycom Software projects its Q2 total revenues to be between $434M-$438M, falling short of the estimated $442.133M. The company also forecasts its adjusted EBITDA to range from $151M to $155M.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 8:21 pm

VICI

VICI Props reported Q1 2024 earnings of $0.56 per share, meeting analyst estimates, with sales of $951.50M surpassing the $936.67M forecast, marking an 8.41% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 8:21 pm