Streetbeat News

Revenues

SAND

Sandstorm Gold Royalties (SAND) reported preliminary Q1 2024 total sales, royalties, and income of $42.8M, down from $54.0M in Q1 2023. Attributable gold equivalent ounces sold were 20,300, with a cash operating margin of $1,781 per ounce, compared to 28,368 ounces and a $1,652 margin in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 8:22 pm

HTCR

HeartCore Enterprises, Inc. (HTCR) reported a significant improvement in its full-year 2023 financial results, with EPS improving to $(0.21) from $(0.37) YoY and revenue soaring to $21.85M from $8.82M. The growth was driven by increased revenues from Go IPO consulting services, received warrants from customers, and customized software development and services, particularly from Sigmaways and its subsidiaries. Despite the revenue growth, the company's net loss was $4.9M, an improvement from the previous year's $6.7M loss. Operating expenses rose to $12.2M due to higher general and administrative and R&D expenses. Cash and cash equivalents significantly decreased to $1.0M from $7.2M.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 8:16 pm

NNBR

NN, Inc. (NASDAQ:NNBR) announced $17.2 million in new business awards for Q1 2024, maintaining momentum with over 70% of these awards starting in 2024. The company is on track to meet its 2024 target of $55-$70 million in new business, with wins across North America, South America, Europe, and China. These wins are in strategic areas such as vehicle electrification, fuel efficiency, electrical grid expansion, and orthopedic medical products, contributing to NN's multi-year transformation plan for above-market profitable sales growth.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 8:12 pm

CUE

Cue Biopharma reported Q1 EPS of $(0.28), missing estimates by 3.7%, but saw a 3.45% improvement over last year. Sales of $1.82M exceeded estimates by 61.15%, marking an 873.8% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 8:06 pm

CUBI

Customers Bancorp (NYSE:CUBI) has received mixed analyst ratings, with a recent shift towards a more bullish outlook. The latest ratings from four analysts show three bullish and one somewhat bullish stance. The average 12-month price target for CUBI has been raised to $69.5, indicating a 7.75% increase from the previous target. Analysts from Jefferies, B. Riley Securities, Raymond James, and Wedbush have adjusted their ratings and price targets, reflecting their updated views on the company's performance and market position. Customers Bancorp's financial indicators such as market capitalization, revenue growth, net margin, ROE, ROA, and debt management are also highlighted, showcasing the company's strong market presence and profitability, despite challenges in managing debt levels.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 8:00 pm

SOFI

SoFi Technologies, Inc. (NASDAQ:SOFI) shares have risen nearly 7% over the past five days, following upgrades and positive coverage from analysts. Keefe, Bruyette & Woods upgraded the stock from Underperform to Market Perform with a price target increase from $6.50 to $7.50, citing improved profitability and revenue growth. Needham initiated coverage with a Buy rating and a $10 price target. The company's FY23 revenue growth was 34.63%, influenced by macroeconomic factors and its competitive position. SOFI's performance and future prospects are closely tied to economic conditions, including interest rates and inflation.

Portfolio Pulse from Erica Kollmann

April 08, 2024 | 7:52 pm

SQM

In the past three months, Sociedad Quimica Y Minera (NYSE:SQM) received mixed analyst ratings, with a recent shift towards a more bullish outlook. The average 12-month price target was adjusted to $59.63, a decrease from $63.50. Analyst actions included both upgrades and downgrades, reflecting varied perspectives on SQM's market performance. Despite revenue challenges, SQM exhibits strong profitability indicators such as a high net margin and ROE, but carries a higher financial risk due to its debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 7:01 pm

COTY

Coty (NYSE:COTY) received mixed analyst ratings with a positive shift in the 12-month price target to $15.0, up 7.91% from $13.90. Analyst actions include maintaining and raising ratings, with price targets ranging from $12.00 to $17.50. Coty's financial performance shows strong revenue growth of 13.39%, a net margin of 10.28%, and efficient debt management. The company, known for its fragrance and cosmetics products, has shown robust financial health and market confidence.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 7:01 pm

BOH

Four analysts have recently shared their views on Bank of Hawaii (NYSE:BOH), with ratings ranging from indifferent to somewhat bearish. The average 12-month price target for BOH is now $59.25, down 8.38% from the previous $64.67. Analysts from Jefferies, Barclays, Keefe, Bruyette & Woods, and Piper Sandler have adjusted their ratings and price targets, reflecting a cautious outlook on the bank's performance. Despite revenue challenges and a market capitalization below industry averages, BOH exhibits strong profitability metrics such as an exceptional net margin of 18.17% and above-average ROE and ROA.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 7:00 pm

SPOT

Spotify Technology SA (NYSE:SPOT) introduced a new AI-powered feature for Premium subscribers in the UK and Australia, enabling them to create personalized playlists through text prompts. This tool, accessible via mobile devices, allows users to specify genres, moods, or artists to generate a 30-song playlist. Unlike the AI DJ feature, this offers more user control. The feature's success could lead to broader rollouts and potential subscription price adjustments.

Portfolio Pulse from Franca Quarneti

April 08, 2024 | 6:19 pm