Streetbeat News

Revenues

BOF

WMT

BranchOut Food has expanded its contract with Walmart, the nation's largest retailer, by $300,000, bringing the total annualized value to over $8M. BranchOut's dried fruit products are set to enter 1,400 stores in September 2024.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 12:08 pm

SFNC

Simmons First Ntl (NASDAQ:SFNC) reported Q1 adjusted earnings of $0.32 per share, meeting analyst estimates but marking a 13.51% decrease from last year. Quarterly sales of $195.09M missed estimates by 3.59% and fell 12.78% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 12:03 pm

PII

Analysts have diverse opinions on Polaris (NYSE:PII), with recent evaluations showing a mix of bullish to bearish sentiments. The average 12-month price target for PII is $100.57, a slight decrease from previous targets. Polaris, known for its off-road and on-road vehicles, faces a -4.78% revenue decline but maintains strong profitability indicators such as net margin and ROE. However, its high debt-to-equity ratio poses financial management challenges.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 12:01 pm

DGX

Analysts have mixed views on Quest Diagnostics (NYSE:DGX), with ratings ranging from bullish to bearish over the last quarter. The average 12-month price target for DGX is $147.0, slightly up from the previous $146.67. Recent analyst actions include ratings and price target adjustments by Mizuho, Truist Securities, Leerink Partners, and Jefferies, reflecting varied expectations for the company's performance. Quest Diagnostics, a leading diagnostic services provider, shows a negative revenue trend with a -1.93% growth over 3 months, yet maintains strong profitability indicators such as an 8.39% net margin and above-average ROE and ROA.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 12:01 pm

ELV

Analyst ratings for Elevance Health (NYSE:ELV) show a mix of bullish to bearish sentiments among 13 analysts over the last quarter, with a positive shift in the 12-month price targets to an average of $586.0. The company, a leading health insurer in the U.S., has seen a revenue growth rate of 0.96% as of March 31, 2024, and outperforms in net margin and ROE, despite a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 12:01 pm

ABNB

Analyst ratings for Airbnb (NASDAQ:ABNB) over the last three months show diverse opinions, with a recent shift towards more positive evaluations. The average 12-month price target has increased to $153.33 from $136.62, indicating a bullish outlook from some analysts. Airbnb's financial performance shows solid revenue growth but challenges in profitability and asset utilization. The company's market capitalization and growth rate are above industry averages, yet it struggles with net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 12:00 pm

ENVA

Enova International (NYSE:ENVA) received mixed analyst ratings with an updated average 12-month price target of $71.25, reflecting an 8.78% increase from the previous target. Analysts from JMP Securities, Jefferies, and BMO Capital have raised their price targets, indicating a positive outlook on the company's performance. Enova, providing online financial services mainly in the US and UK, has shown remarkable revenue growth of 20.04% and strong financial metrics including a net margin of 5.96%, ROE of 2.78%, and ROA of 0.8%.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 12:00 pm

ALCPF

INTC

TSM

WICOF

Morgan Stanley predicts significant benefits for TSMC, Alchip, and Wistron from Intel's new AI chip, Gaudi 3. TSMC will fabricate the chip, Alchip will provide design services, and Wistron will supply baseboards. The demand for AI chips is expected to drive revenue growth for these companies, with Intel's Gaudi shipments potentially reaching 300-400k units in 2025, generating $2-3bn in revenue. TSMC and Alchip are considered long-term winners in the AI semiconductor market.

Portfolio Pulse from Benzinga Neuro

April 24, 2024 | 11:51 am

SBT

Sterling Bancorp (NASDAQ:SBT) reported Q1 sales of $15.133M, missing the consensus estimate of $15.460M by 2.12%, marking a 15.71% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 11:46 am

PRG

PROG Holdings projects Q2 total revenues to be between $550M-$575M, aligning with an estimate of $565.93M, and adjusted EPS to range from $0.65-$0.75, closely matching the estimated $0.69.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 11:46 am