Streetbeat News

Revenues

SNAP

Snap Inc. projects Q2 revenues to be between $1.225B and $1.255B, surpassing the estimated $1.14B. The company anticipates DAU to reach 431 million in Q2, aiming for 15% to 18% year-over-year revenue growth. Adjusted EBITDA is expected to be between $15M and $45M, reflecting Snap's investment plans and efforts to enhance its DR advertising platform for better advertiser outcomes.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:12 pm

TDOC

Teledoc forecasts its Q2 2024 revenue to be between $635M and $660M, falling short of the $662.55M estimate. Additionally, the company projects its FY24 revenue to range from $2.635B to $2.735B, which is below the expected $2.76B.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:11 pm

WDC

Western Digital forecasts Q4 2024 EPS of $0.90-$1.20, surpassing the $0.84 estimate, with revenue expectations of $3.6B-$3.8B against a $3.69B estimate. The company anticipates a gross margin of 31.5%-33.5% on a GAAP basis and 32%-34% on a Non-GAAP basis, with operating expenses between $770M-$800M (GAAP) and $670M-$690M (Non-GAAP). Interest and other expenses are expected to be around $105M, with Non-GAAP income tax expenses projected at $30-$40M.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:11 pm

NRDS

Nerdwallet projects its Q2 2024 revenue to be between $147M and $152M, surpassing the estimated $145.810M.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:09 pm

DXCM

DexCom projects its FY24 revenue to be in the range of $4.20B to $4.35B, which is around the analyst estimate of $4.326B.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:07 pm

NRDS

Nerdwallet (NRDS) reported Q1 2024 earnings of $0.01 per share, meeting analyst estimates, with sales of $161.9M exceeding expectations by 3.12% but marking a 4.54% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:06 pm

TRMK

Trustmark (NASDAQ:TRMK) received mixed analyst ratings with an upward trend in price targets, indicating a positive outlook. Four analysts provided ratings, with a shift towards a more bullish perspective in the last 30 days. The average 12-month price target was raised to $32.25, reflecting an 8.7% increase from the previous target. Analysts from DA Davidson, Keefe, Bruyette & Woods, Truist Securities, and Piper Sandler adjusted their ratings and price targets, showing confidence in Trustmark's performance despite its challenges in market capitalization, revenue growth, net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 8:03 pm

GILD

Gilead Sciences projects its FY24 sales to be between $27.1 billion and $27.5 billion, which is below the expected $27.982 billion.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 8:03 pm

GPS

Gap Inc. (NYSE:GPS) has received mixed analyst ratings over the past three months, with a recent shift towards more bullish perspectives. The average 12-month price target for GPS has been raised to $22.8, reflecting a 15.44% increase from the previous target. Analysts from firms like Goldman Sachs, Wells Fargo, and TD Cowen have adjusted their ratings and price targets, indicating a positive outlook on Gap's financial performance despite challenges in market capitalization, revenue growth compared to peers, and debt management.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 8:02 pm

SLM

Recent analyst insights on SLM (NASDAQ:SLM) show a mix of bullish and indifferent stances, with no bearish views. Over the last three months, the sentiment has shifted positively, with the average 12-month price target for SLM rising to $24.4, a 7.02% increase from the previous $22.80. Analysts from JP Morgan, RBC Capital, Wedbush, and Wells Fargo have raised their price targets, reflecting optimism about SLM's financial performance, including significant revenue growth, high net margin, and strong ROE and ROA, despite a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 8:00 pm