Streetbeat News

Revenues

LBRT

Liberty Energy anticipates a low double-digit sequential growth in Q2 revenue and maintains its expectation for strong cash flow generation in 2024. This outlook reflects the company's positive performance and strategic financial planning.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 8:38 pm

BDN

Brandywine Realty Trust (BDN) reported Q1 2024 FFO EPS of $0.24, meeting analyst estimates, but missed sales forecasts with $126.484M against the expected $126.949M, marking a 2.12% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 8:37 pm

TSLA

U.S. Secretary of Transportation Pete Buttigieg emphasized the importance of EV adoption in the U.S., comparing skeptics to those who doubted the transition from landlines to cell phones. Despite recent job cuts at Tesla, Buttigieg highlighted the increasing competition in the EV market, including from Chinese companies, and reiterated the growth in EV sales each year in the U.S. He stressed the need for the U.S. to not fall behind China in EV production and mentioned government support for EV affordability through tax credits. EV sales in the U.S. reached 1.2 million units in 2023, a 46.3% increase from the previous year, with Tesla leading the market.

Portfolio Pulse from Chris Katje

April 17, 2024 | 8:28 pm

TKO

TKO Group Holdings (NYSE:TKO) announced UFC 300 as one of the most successful events in UFC history, with a gate of $16.5M and attendance of 20,067, setting records in viewership, merchandise sales, and sponsorship sales. The event marked UFC's sixth consecutive sellout in 2024 and eleventh straight since October 2023, achieving the highest-grossing sponsorship sales and merchandise sales for a UFC arena event. Viewership on ESPN platforms reached all-time highs, with significant growth in key demographics.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 8:27 pm

WTFC

Wintrust Financial (WTFC) reported Q1 earnings of $2.89 per share, surpassing the $2.42 estimate, and sales of $604.77M, exceeding the $577.79M estimate. This represents a year-over-year earnings increase of 3.21% and a sales increase of 6.90%.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 8:24 pm

KMI

Kinder Morgan (NYSE:KMI) reported Q1 adjusted EPS of $0.34, meeting analyst estimates, but missed revenue expectations with $3.842B against a forecast of $4.355B, a 1.18% decrease from last year.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 8:06 pm

PACB

Recent analyst ratings for Pacific Biosciences (NASDAQ:PACB) show a mix of bullish and indifferent sentiments, with a notable decrease in the average 12-month price target from $10.38 to $6.12, a 41.04% drop. Analysts from TD Cowen, Barclays, Goldman Sachs, and UBS have lowered their price targets, reflecting adjustments based on market conditions and company performance. Despite challenges in market capitalization, revenue growth, net margin, ROE, ROA, and debt management, Pacific Biosciences has shown a significant revenue growth rate of 113.35% as of December 31, 2023.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 8:00 pm

MSOS

Adam Wilks, from Carma, stated that the company is not seeking to raise capital as it is cashflow positive. The announcement was made in the context of the Cannabis Capital Conference, which is available live for existing subscribers and offers instant access for new users.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 7:52 pm

MSOS

Carma HoldCo's President, Co-Founder & CEO Adam Wilks announced at Benzinga's Cannabis Capital Conference the opening of a second retail outlet in Barcelona, expansion plans in the U.S., Indonesia, and a second location in Amsterdam. The conference also offers live access for existing and new subscribers.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 7:28 pm

PNC

Analysts have mixed views on PNC Financial Services Group (NYSE:PNC), with recent ratings ranging from bullish to bearish. Over the last three months, 9 analysts have updated their ratings, showing a shift towards a more cautious stance in the last 30 days. The average 12-month price target has been raised to $167.67, up from $160.44, indicating a 4.51% increase in expectations. Despite this, PNC faces challenges such as a decline in revenue growth (-6.51%), below-average net margin (13.77%), and lower than industry standard ROE (1.47%) and ROA (0.13%), suggesting potential difficulties ahead.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 7:02 pm