Streetbeat News

Revenues

GKOS

Glaukos Corporation projects its FY24 net sales to be between $357 million and $365 million, slightly above the estimated $356.669 million.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 8:20 pm

KMPR

Kemper (NYSE:KMPR) reported Q1 earnings of $1.07 per share, missing the consensus estimate of $1.09, but showed a significant improvement over last year's loss of $(1.02) per share. Sales reached $1.14 billion, exceeding expectations of $988.37 million, despite a decrease from last year's $1.29 billion.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 8:13 pm

NSA

National Storage (NYSE:NSA) reported Q1 2024 earnings of $0.60 per share, meeting analyst estimates, but missed revenue expectations with $173.87M against a forecast of $191.02M, marking a 16.41% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 8:06 pm

CTSH

Cognizant Technology Solution projects its Q2 2024 revenue to be between $4.75B and $4.82B, which is slightly below the estimated $4.821B.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 8:04 pm

FSLR

First Solar has reaffirmed its 2024 financial guidance, projecting earnings per share (EPS) between $13 and $14, and revenue forecasts ranging from $4.4 billion to $4.6 billion.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 8:03 pm

PTC

PTC provided its Q2 earnings forecast with EPS ranging from $1.10 to $1.30, compared to the $1.21 estimate, and revenue projections between $560M to $590M, against the $584.42M estimate. The company highlighted year-over-year growth in key financial metrics including a 11% increase in ARR, 19% increase in both operating and free cash flow, and significant improvements in operating and non-GAAP operating margins. However, total cash and equivalents saw a 22% decrease, while gross debt decreased by 21%.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 8:03 pm

USB

U.S. Bancorp (NYSE:USB) has been analyzed by 13 analysts, showing a mix of bullish to bearish sentiments with a recent shift towards more cautious ratings. The average 12-month price target is now $48.65, a decrease from the previous $49.54. Analysts have adjusted their ratings and price targets, reflecting concerns over U.S. Bancorp's market position, revenue decline, and below-average financial metrics compared to the industry.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 8:02 pm

LEA

Seven analysts have recently updated their ratings on Lear Corporation (NYSE:LEA), showing a mix of neutral and bullish outlooks. The average 12-month price target has been raised to $151.43, indicating a slight optimism in the stock's future performance. Analyst actions include both upgrades and downgrades, with price targets ranging from $134.00 to $179.00. Lear's financial performance shows strong revenue growth and ROE, but challenges in net margin and ROA. The company is a major player in automotive seating and electrical systems, with GM and North America being its largest customer and market.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 8:01 pm

RIOT

Recent analyst reviews on Riot Platforms (NASDAQ:RIOT) show a mix of bullish and somewhat bullish ratings, with an average 12-month price target of $18.47, reflecting a positive shift from the previous $18.17. The company, a vertically integrated Bitcoin mining firm, has shown remarkable revenue growth of 31.03% as of December 31, 2023, with a net margin of 100.53%, and outperforms industry averages in ROE and ROA. Its market capitalization is below the industry average, indicating it's smaller compared to peers.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 8:00 pm

LOVFF

Cannara Biotech Inc. reported a 51% YoY revenue increase in Q2 2024, with a wider net loss. The company saw a 68% revenue increase for the first half of fiscal 2024, highlighting its growing influence in the Canadian cannabis market. Despite the revenue growth, the company's net loss widened, but it maintained a positive adjusted EBITDA for the twelfth consecutive quarter. Cannara aims to become a leader in the global cannabis market.

Portfolio Pulse from Jelena Martinovic

May 01, 2024 | 7:45 pm