Streetbeat News

Revenues

BEEP

Mobile Infrastructure projects its revenues to be between $38M and $40M by 2024, indicating a positive outlook for the company's financial growth.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 8:13 pm

BEEP

Mobile Infrastructure Corporation reported a Q4 total revenue of $7.9M, marking an increase from $6.9M year-over-year.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 8:13 pm

GETY

Getty Images projects its 2024 revenue to be in the range of $928 million to $947 million, closely aligning with the estimated $940.506 million by analysts.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 8:12 pm

ULTA

Ulta Beauty projects FY24 EPS of $26.20-$27.00, surpassing the $25.49 estimate, with revenue expectations of $11.7B-$11.8B, exceeding the $11.14B forecast. The company plans 60-65 new stores, 40-45 remodels/relocations, and anticipates a 14.0%-14.3% operating margin. Share repurchases are expected to be around $1 billion.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 8:07 pm

CLPR

Clipper Realty reported a Q4 FFO of $0.15 per share, up 36.36% from $0.11 YoY, but missed sales estimates with $34.87M against the expected $37.28M. Sales increased 5.63% from last year.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 8:06 pm

ULY

Urgently (NASDAQ:ULY) reported a Q4 EPS of $11.95 with sales reaching $45.05M, marking a 13.31% decrease from $51.97M in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 8:04 pm

NTDOY

TTWO

WBD

Circana analyst Mat Piscatella provided a mixed outlook for the gaming industry, highlighting the significant impact of Take-Two Interactive's upcoming Grand Theft Auto 6 (GTA 6) release. He predicts a potential decline in consumer spending of 2% to 10% due to uncertainties, including the lack of major game releases and hardware schedule disruptions. Piscatella also discussed the industry's shift from physical to digital media and the absence of a new Nintendo hardware release this year. Despite short-term challenges, he remains cautiously optimistic about the industry's return to growth.

Portfolio Pulse from Franca Quarneti

March 14, 2024 | 7:10 pm

ACB

Recent developments in cannabis legislation and market dynamics across Europe include France excluding cannabis flower from its medical marijuana program, the UK grappling with a booming illegal cannabis market estimated at $3.3 billion annually, and Germany facing calls to delay cannabis legalization. Aurora Cannabis (NASDAQ:ACB), a major player in the cannabis industry, has expressed concerns over the uncertainty caused by potential delays in Germany's cannabis legalization, emphasizing the need for legal clarity to ensure investment and planning security.

Portfolio Pulse from Nina Zdinjak

March 14, 2024 | 6:53 pm

PFE

ZLAB

CStone Pharmaceuticals faced a significant stock price drop after being removed from the Stock Connect list, which allows mainland investors to trade Hong Kong stocks. The removal followed its exclusion from the Hang Seng index due to its market value falling below the eligibility level. CEO Jason Yang has shown confidence in the company by increasing his stake. CStone has shifted focus to R&D and licensed out several products, including sugemalimab to Pfizer. Other companies like Brii Biosciences, Jacobio Pharmaceuticals, and Yonghe Medical also suffered stock price declines after being dropped from the Stock Connect list.

Portfolio Pulse from The Bamboo Works

March 14, 2024 | 6:48 pm

CMI

Truist Securities analyst Jamie Cook initiated coverage on Cummins Inc (NYSE:CMI) with a Hold rating and a $303 price target. Cummins, a global diesel engine manufacturer, was recently fined $2 billion for emission issues related to Dodge Ram trucks. The fine impacts its capital allocation, directing free cash towards debt payment from the Meritor acquisition and rebuilding its balance sheet, rather than returning cash to shareholders. Despite this, Cummins is expected to see growth in 2025 and 2026 due to a pre-buy ahead of the 2027 emissions change for trucks. Cummins has also gained share in the medium-duty overseas market, potentially adding at least $2.50 in EPS Power. The $303 price target is based on 9X EV/EBITDA and 16X P/E multiple on 2025 estimates, discounted back. CMI shares dropped 2.66% to $263.07.

Portfolio Pulse from Shivani Kumaresan

March 14, 2024 | 6:39 pm