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Revenues

ANF

Abercrombie & Fitch projects FY24 revenue between $4.47B and $4.56B, surpassing the $4.43B estimate. The company anticipates 4% to 6% sales growth from $4.3B in FY23, despite a $50M impact from an extra reporting week. Abercrombie brands are expected to outperform Hollister, with stronger growth in the Americas and the first half of the year. Operating margin is projected at 12%, up from 11.4%, with capital expenditures at $170M. The effective tax rate is expected in the mid-to-high 20s.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 4:17 pm

SPY

Fed Chair Powell attributed last year's strong economic growth to increases in immigration and labor force participation, highlighting their significant contributions to the economy.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 4:14 pm

CRC

California Resources (NYSE:CRC) has seen varied analyst ratings over the last three months, with a recent shift towards more bullish sentiments. The average 12-month price target for CRC has been raised to $67.00, indicating a positive outlook from analysts. Despite facing revenue challenges with a -25.43% decline, CRC boasts a high net margin of 30.97% and effective asset utilization, as evidenced by a 4.73% ROA. The company's financial strategy is marked by a low debt-to-equity ratio of 0.27, suggesting prudent debt management.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 4:01 pm

MA

Mastercard (NYSE:MA) received mixed analyst ratings over the past three months, with a shift towards more bullish perspectives in the last 30 days. The average 12-month price target for MA has increased to $492.67, reflecting a 9.51% rise from the previous target. Analysts from firms like Wells Fargo, RBC Capital, and Goldman Sachs have raised their price targets, indicating a positive outlook on Mastercard's performance. Despite lagging behind industry peers in revenue growth, Mastercard's strong market position, efficient cost management, and financial health are highlighted by its market capitalization, net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 4:00 pm

NOG

In the past three months, 10 analysts have provided ratings for Northern Oil & Gas (NOG), showing a mix of bullish to bearish sentiments. The recent assessments reveal a shift towards a more cautious outlook, with a decrease in the average 12-month price target to $44.6, down 9.59% from the previous target. Analyst actions include maintaining, lowering, and announcing ratings, reflecting dynamic market conditions and company performance. Northern Oil & Gas, an independent energy company, has shown strong financial performance with significant revenue growth, high net margin, and ROE, but faces challenges in debt management.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 4:00 pm

V

Analyst ratings for Visa (NYSE:V) have varied over the last quarter, with a recent trend towards bullishness as evidenced by raised price targets and ratings from several analysts. The average 12-month price target is now $305.42, up 6.11% from the previous $287.83. Visa's financial performance remains strong, with significant market capitalization, a positive revenue trend, exceptional net margin, ROE, and ROA, alongside efficient debt management.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 4:00 pm

SRE

In the last three months, 6 analysts have updated their ratings on Sempra (NYSE:SRE), showing a mix of bullish and somewhat bullish perspectives. The average 12-month price target for Sempra has increased to $81.58, up from $78.25, indicating a positive outlook on the company's financial performance. Sempra's market position is strong, with a market capitalization above industry averages, a revenue growth rate of 1.04%, and exceptional net margin and ROE figures. The company's debt management is also highlighted as positive, with a debt-to-equity ratio below industry averages.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 4:00 pm

SG

Sweetgreen (NYSE:SG) has received mixed analyst ratings over the past three months, with a recent shift towards more positive evaluations. The average 12-month price target for SG has been raised to $15.62, indicating a 17.53% increase from the previous target. Analysts from firms like JP Morgan, RBC Capital, and Morgan Stanley have adjusted their ratings and price targets, reflecting an optimistic outlook on Sweetgreen's market performance. Despite this, Sweetgreen faces challenges in profitability and operational efficiency, as indicated by its net margin and ROE.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 4:00 pm

BF.A

BF.B

Brown Forman's shares dropped following the announcement of disappointing Q3 revenue guidance and expectations of flat FY24 organic net sales.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 3:23 pm

WDC

In the last three months, 11 analysts have updated their ratings on Western Digital (NASDAQ:WDC), showing a shift towards a more bullish stance. The average 12-month price target has been raised to $66.00, indicating a 20.0% increase from the previous target. Analysts from firms like Rosenblatt, Goldman Sachs, and Barclays have adjusted their price targets and ratings, reflecting optimism about the company's future performance. Despite a recent decline in revenue and challenges in market capitalization, Western Digital's net margin outperforms industry standards, although it faces hurdles in ROE, ROA, and debt management.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 3:01 pm