Streetbeat News

Revenues

ULTA

Ulta Beauty, Inc. has issued its revenue guidance for the year 2024, projecting revenues to be between $11.7 billion and $11.8 billion. This forecast surpasses the estimated revenues of $11.14 billion by analysts.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 12:59 pm

GCT

GigaCloud Marketplace reported a Gross Merchandise Value (GMV) of $794.4M for 2023, marking a 53.3% increase YoY. The platform saw growth in active 3P sellers to 815 (up 45.5%) and active buyers to 5,010 (up 20.5%). Spend per active buyer also rose by 27.2% to $158,569. The 3P seller GMV was $426.3M, accounting for 53.7% of the total GMV.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 12:09 pm

TLS

Telos Corp projects its Q1 revenue to be between $28M-$29M, which is below the estimated $33.06M. The company also anticipates a year-over-year revenue decline of 18% to 21% and expects its adjusted EBITDA to range from -$5.5M to -$5.0M.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 12:05 pm

JSPR

Jasper Therapeutics announced new data on briquilimab conditioning in patients with Fanconi Anemia, showing full donor engraftment and blood count recovery in all six patients treated. Briquilimab was well tolerated.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 12:04 pm

GCT

GigaCloud Technology projects its Q1 2024 revenue to be between $230M-$240M, surpassing the estimated $210.2M. This outlook is based on current market and operational conditions, which are subject to change.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 12:04 pm

EGIO

Edgio, Inc. has announced its preliminary revenue expectations for Q4 2023, projecting revenues to be in the range of $93 million to $95 million.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 12:04 pm

PATH

Analyst ratings for UiPath (NYSE:PATH) have varied over the last quarter, with a recent positive shift in sentiment. The average 12-month price target has risen by 14.6% to $26.93. Recent analyst actions include upgrades in ratings and price targets by several firms, reflecting an optimistic outlook on the company's performance. UiPath has shown a solid revenue growth rate of 24.05% as of October 31, 2023, but struggles with profitability and efficiency, as indicated by its below-industry-average net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 12:02 pm

DINO

HF Sinclair (NYSE:DINO) received mixed analyst ratings in the latest quarter, with an updated average 12-month price target of $69.00, reflecting a 3.76% increase from the previous target. Analysts from B of A Securities, Piper Sandler, Barclays, Wells Fargo, and UBS have adjusted their ratings and price targets, indicating varied expectations for the company's performance. HF Sinclair, an integrated petroleum refiner, faces challenges in revenue growth and efficiency metrics but maintains a strong net margin and a balanced debt approach.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 12:01 pm

VLO

Valero Energy (NYSE:VLO) received varied analyst ratings in the last quarter, with a recent shift towards more bullish views. The average 12-month price target for VLO has been raised to $168.75, indicating a 10.47% increase from the previous target. Analysts from B of A Securities, Piper Sandler, Barclays, and Raymond James have all raised their price targets, reflecting optimism about Valero's market position, despite a -15.17% revenue decline in the last 3 months. Valero's strong financial indicators, such as net margin, ROE, and ROA, alongside a prudent debt management strategy, suggest a robust financial health.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 12:01 pm

CPE

Analysts have a neutral outlook on Callon Petroleum (NYSE:CPE), with all four recent ratings being indifferent. The 12-month price target averages $36.25, down from $40.67, indicating a 10.87% decrease. Analysts from Mizuho and Stifel have adjusted their price targets and ratings, reflecting concerns over Callon's financial performance, including a -14.61% revenue decline, below-average net margin, ROE, and ROA, but a healthier debt-to-equity ratio compared to the industry.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 12:01 pm