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Revenues

HTZ

In the past three months, 8 analysts have provided diverse ratings for Hertz Global Holdings (NASDAQ:HTZ), with a shift towards a more bearish outlook in the last 30 days. The average 12-month price target has been lowered to $10.5 from $14.29, indicating a 26.52% decrease. Analysts from firms like Goldman Sachs, B of A Securities, and Morgan Stanley have adjusted their ratings and price targets, reflecting concerns over Hertz's market position and financial health despite its solid revenue growth and efficient cost management.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 1:00 pm

VLY

Valley National Bancorp (NASDAQ:VLY) received mixed analyst ratings over the past three months, with a shift towards a more cautious stance in the last 30 days. The average 12-month price target for VLY is now $9.58, down 15.22% from the previous average, reflecting lowered expectations from analysts at JP Morgan, Citigroup, Barclays, Morgan Stanley, Keefe, Bruyette & Woods, and Wedbush. Valley Ntl's financial performance shows challenges in revenue growth, net margin, ROE, and ROA, though it maintains a prudent debt management strategy.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 1:00 pm

NNDM

Nano Dimension Ltd. (NNDM) announced preliminary Q1 2024 revenues of $13.2M, demonstrating strong sales and a significant 75% reduction in cash burn compared to Q1 2023. The company attributes these results to its Reshaping Nano Initiative aimed at improving operational efficiency and reducing expenses. Despite a slight disappointment in revenue being below budget, the focus on financial discipline and bottom-line growth is emphasized as key to becoming an industry leader.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:00 pm

HTCR

HeartCore Enterprises, Inc. (NASDAQ:HTCR) has established a new division focused on developing AI software solutions, leveraging its U.S.-based subsidiary Sigmaways. This move aims to meet the growing demand for AI technologies in the U.S. and Japan. The division, staffed with newly recruited engineers and seasoned professionals, is working on an AI solution prototype to evaluate startup investment readiness. HeartCore's CEO, Sumitaka Kanno Yamamoto, highlights the strategic importance of AI in the company's expansion and anticipates revenue growth and technology expansion through this initiative.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:58 pm

MUSQ

SONO

SONY

SPOT

The 2024 iHeartRadio Music Awards featured performances from a wide array of artists, with Beyonce receiving the Innovator Award and Cher the Icon Award. Taylor Swift won Artist of the Year among her six trophies. The music industry's revenue rose to $28.6 billion last year, with streaming services like Spotify adding 31 million premium users despite a 10% price increase. The MUSQ Global Music Industry ETF, which includes Spotify, Apple, Sonos, Universal Music Group, and Sony, offers exposure to the growing music industry.

Portfolio Pulse from Johnny Rice

April 04, 2024 | 12:51 pm

LW

Lamb Weston projects Q4 net sales to be between $1.69B-$1.75B, below the estimated $1.841B. The company anticipates Adjusted EBITDA of $350M-$375M, with earnings growth driven by higher net sales and Adjusted Gross Profit, despite Adjusted SG&A costs of $190M-$195M.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:50 pm

SPY

Exports for April increased to $263 billion from $257.2 billion in the previous month, indicating a positive trend in trade.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:31 pm

SPY

The USA trade balance for February reported a deficit of $68.90 billion, exceeding the estimated deficit of $66.90 billion and the previous month's deficit of $67.60 billion.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:30 pm

PAPL

Pineapple Financial Inc. (NYSE:PAPL) announced the launch of PineappleONE, a comprehensive deal management system for mortgage brokers. This system streamlines the entire mortgage deal process, from origination to submission, by automating tasks, reducing errors, and ensuring accuracy and efficiency. PineappleONE's advanced features, including lender-specific notes generation and document merging, are expected to significantly increase the company's gross revenue and net profit margin over the next twelve months. The technology, developed by Pineapple's award-winning team, positions Pineapple at the forefront of innovation in the Canadian mortgage industry and is anticipated to enhance agent recruitment as the company expands in 2024.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:27 pm

GRRR

Gorilla Technology Gr (NASDAQ:GRRR) reported a significant increase in sales, reaching $64.69 million this quarter, up 188.70% from $22.41 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:23 pm