Streetbeat News

Revenues

OPCH

Option Care Health has updated its FY24 net revenue forecast to $4.65B-$4.8B, an increase from its previous guidance of $4.6B-$4.8B, compared to analysts' expectations of $4.71B.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 11:05 am

R

Ryder has adjusted its full-year 2024 revenue growth forecast from approximately 13% to about 10% and revised its adjusted EPS outlook from $11.50-$12.50 to $11.75-$12.50, with an estimate of $11.70. The CFO, John Diez, mentioned that this adjustment reflects the quarter's outperformance and a more modest rental upturn than expected. Additionally, Ryder is increasing its free cash flow forecast and reducing its rental capital spending forecast by $100 million.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 11:01 am

RTX

RTX has reaffirmed its financial outlook for FY24, projecting revenues between $78 billion and $79 billion, which aligns closely with the $78.78 billion estimate. The company also expects its adjusted EPS to range from $5.25 to $5.40, nearly matching the $5.39 estimate, and anticipates a free cash flow of approximately $5.7 billion.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 10:59 am

JBLU

JetBlue Airways reported Q1 financial results and provided a worse-than-expected revenue outlook for Q2 and FY24, leading to a decline in its share price.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 10:41 am

ZGN

Ermenegildo Zegna reported an 8% year-over-year increase in its Q1 revenue, reaching €463.2 million.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 10:38 am

XRX

Xerox Holdings Corp has reiterated its FY24 revenue guidance, expecting a decline of 3%-5% in constant currency compared to estimates of $6.59B. The company also forecasts an adjusted operating margin of at least 7.5% and a free cash flow of at least $600 million.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 10:35 am

JBLU

JetBlue Airways projects a revenue decline of 10.5% to 6.5% in Q2 and a low single-digit decrease for FY24. ASMs are expected to drop by 5.0% to 2.0% in Q2, with a similar trend for the full year. CASM Ex-Fuel is anticipated to increase by 5.5% to 7.5% in Q2 and by mid-to-high single digits for FY24. Fuel prices are estimated to be between $2.98 and $3.13 per gallon in Q2, with capital expenditures projected at approximately $550 million for Q2 and $1.6 billion for FY24.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 10:35 am

HRI

Herc Holdings has reaffirmed its 2024 performance targets, excluding Cinelease, projecting 7-10% growth in equipment rental revenue and an adjusted EBITDA of $1.55B-$1.60B. The company maintains its guidance for rental capital expenditures.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 10:34 am

GE

GE Aerospace forecasts FY24 adjusted EPS of $3.80-$4.05, compared to the $3.94 estimate, with adjusted revenue growth in the low double digits and free cash flow greater than $5 billion.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 10:27 am

GE

GE reported a consolidated Q1 adjusted total revenue of $15.2 billion, marking a 10% increase. Specifically, GE Aerospace's Q1 adjusted revenue rose by 15% to $8.1 billion.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 10:25 am