Streetbeat News

Revenues

BTBD

BT Brands reported a 15.1% increase in total revenues for 2023, reaching $11.1 million.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 8:18 pm

CURV

Torrid Holdings Inc. forecasts Q1 net sales to be between $277M-$282M, falling short of the estimated $296.44M. For FY24, the company expects net sales to range from $1.135B to $1.155B, closely aligning with the $1.14B estimate.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 8:10 pm

SRFM

Surf Air Mobility reported Q4 revenue of $26.8M and pro forma revenue of $27.4M, surpassing the $25.69M estimate. FY23 EPS was $(6.35), compared to $(5.51) year-over-year, with annual revenue reaching $60.5M.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 8:07 pm

FSLY

Fastly (NYSE:FSLY) has seen diverse analyst ratings over the last three months, with a recent shift towards a more bullish outlook. The latest evaluations show an average 12-month price target of $19.00, up from $17.00, indicating a positive sentiment shift. Analysts from B of A Securities, Craig-Hallum, Citigroup, and RBC Capital have updated their ratings and price targets, reflecting changes in market conditions and Fastly's performance. Fastly's financial performance shows strong revenue growth and net margin, with a market capitalization below industry benchmarks.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 8:02 pm

EQIX

In the past three months, 12 analysts have provided diverse ratings for Equinix (NASDAQ:EQIX), with sentiments ranging from bullish to bearish. The average 12-month price target for EQIX has been raised to $816.42, up 7.71% from the previous target. Analyst actions include adjustments to ratings and price targets, reflecting their evolving views on Equinix's market position. Equinix, operating as a REIT, has shown significant revenue growth but faces challenges in profitability and efficiency metrics compared to industry averages.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 8:00 pm

CXM

Sprinklr (NYSE:CXM) has been analyzed by 6 analysts, showing a mix of bullish to indifferent sentiments. The average 12-month price target is $16.5, reflecting a 17.86% increase from the previous target of $14.00. Analyst actions include ratings and price target adjustments, indicating a positive outlook on Sprinklr's performance. The company's financials show strong revenue growth, net margin, ROE, and ROA, with a low debt-to-equity ratio, suggesting efficient management and financial health.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 8:00 pm

COIN

Analysts have provided diverse opinions on Coinbase Global (NASDAQ:COIN) with 22 ratings ranging from bullish to bearish. The average 12-month price target is $187.91, marking a 47.48% increase from the previous target of $127.41. Recent analyst actions include maintaining, raising, and announcing ratings with price targets varying significantly, reflecting changing market conditions and company performance. Coinbase's financial health shows a strong market presence, positive revenue trend, and impressive net margin, despite challenges in ROA and achieving growth rates lower than the average among peers in the Financials sector.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 8:00 pm

FITB

Fifth Third Bancorp (NASDAQ:FITB) has received mixed analyst ratings over the last three months, with a shift towards more positive evaluations in recent weeks. The average 12-month price target for FITB has been raised to $39.89, indicating a 10.81% increase from the previous target. Analysts from firms like Wells Fargo, Evercore ISI Group, and Morgan Stanley have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Despite a negative revenue trend and a lower market capitalization compared to industry peers, FITB's financials show strong net margin, ROE, and ROA, suggesting efficient management and profitability.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 7:01 pm

RRC

Analysts have varied opinions on Range Resources (NYSE:RRC), with recent ratings ranging from bullish to bearish. The average 12-month price target is $34.56, a slight decrease from the previous $35.50. Analyst actions include adjustments to ratings and price targets, reflecting changing market conditions and company performance. Range Resources, focusing on Marcellus Shale, faces revenue challenges with a -44.99% decline but maintains a strong net margin of 47.04%. The company's financial health shows mixed indicators, with a low debt-to-equity ratio but lagging ROE.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 7:01 pm

PGR

In the last three months, 13 analysts have updated their ratings on Progressive (NYSE:PGR), showing a diverse range from bullish to bearish. The average 12-month price target is now $204.38, up 9.34% from the previous $186.92. Analysts from firms like HSBC, Goldman Sachs, and Morgan Stanley have raised their price targets, reflecting a positive outlook on Progressive's performance. The company has shown significant revenue growth of 25.41% as of December 31, 2023, but faces challenges with a below-average net margin of 11.71% and a high debt-to-equity ratio of 0.35.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 7:00 pm