Streetbeat News

Revenues

HIG

Seven analysts have recently updated their ratings on Hartford Financial Services Group Inc (NYSE:HIG), showing a mix of bullish and somewhat bullish sentiments. The average 12-month price target for HIG has been raised to $101.14 from $92.29, indicating a positive outlook on the stock. Analysts from firms including Keefe, Bruyette & Woods, Piper Sandler, and UBS have raised their price targets, reflecting optimism about HIG's market performance. Despite this, HIG faces challenges in revenue growth, net margin, ROE, and ROA, suggesting areas for improvement.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 12:00 pm

BRLT

Brilliant Earth Group (NASDAQ:BRLT) has been analyzed by 4 analysts, showing a mix of bullish and indifferent sentiments. The average 12-month price target is $3.6, up from $3.45, with targets ranging from $3.00 to $4.00. Analyst actions include maintaining and lowering ratings, reflecting changing market dynamics and company performance. Brilliant Earth Group, known for ethically-sourced jewelry, shows strong financial health with notable revenue growth, net margin, ROE, and ROA, despite a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 12:00 pm

JBL

Jabil has revised its Q3 and FY24 financial outlook downwards. Q3 net revenue is expected to be between $6.2B-$6.8B, below the $7.37B estimate, with adjusted EPS of $1.65-$2.05, under the $2.12 estimate. For FY24, revenue is now projected at $28.5B, down from the prior $30.6B and below the $30.5B estimate, with adjusted EPS at $8.40, down from the prior $9.00 and below the $8.99 estimate.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:56 am

STCN

Steel Connect reported a decrease in Q2 revenues to $43M from $50.8M year-over-year. The company concluded Q2 with $276.4M in cash and equivalents.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:51 am

PRBZF

Premium Brands Holding Corp reported FY23 revenue of CAD6.261B, an increase from CAD6.029B YoY. Cash and equivalents as of Dec. 30 were CAD27.6M.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:31 am

DM

Desktop Metal forecasts its 2024 revenue to be in the range of $175M-$215M, compared to the consensus estimate of $194M. The company also expects its adjusted EBITDA for 2024 to be between $(30)M and $(10)M. Desktop Metal has not provided a reconciliation of its adjusted EBITDA outlook to net income, citing the inability to estimate all reconciling items without unreasonable efforts.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:12 am

KVHI

KVH Industries projects its 2024 revenue to be between $125M-$135M, aligning with an estimated $129.15M. The company also forecasts an adjusted EBITDA ranging from $11M to $17M.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:06 am

META

SNAP

TikTok's US revenues reached $16 billion amid threats from Washington to ban the app. The article suggests that such a ban could impact competitors like META and SNAP, potentially affecting their market positions and financial performance.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 10:55 am

FXI

ORCL

SNAP

Financial Times reported that Bytedance, the parent company of TikTok, had a revenue of $120 billion in 2023, with TikTok generating approximately $16 billion of that revenue in the US.

Portfolio Pulse from Charles Gross

March 15, 2024 | 10:53 am

EH

KOMP

VWO

EHang Holdings Ltd (EH) reported a significant revenue increase of 260.9% Y/Y in Q4 fiscal 2023, reaching RMB56.6 million ($7.97 million), surpassing the consensus of $7.83 million. The company's adjusted loss per ADS improved to $(0.04), beating the consensus loss of $(0.10). Despite a decline in gross margin to 64.7%, EHang's stock price rose post-announcement. The company also reported positive cash flow from operations and expects a 160% Y/Y revenue increase in Q1. EHang is included in SPDR S&P Kensho New Economies Composite ETF (KOMP) and Vanguard FTSE Emerging Markets ETF (VWO).

Portfolio Pulse from Anusuya Lahiri

March 15, 2024 | 10:36 am