Streetbeat News

Revenues

SVV

Savers Value Village (SVV) forecasts FY24 total net sales of $1.57B-$1.59B, below the estimated $1.605B. It expects comparable store sales growth of 2%-3%, net income of ~$78M, adjusted net income of ~$123M, adjusted EBITDA of ~$340M, and capital expenditures of $105M-$115M.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 9:30 pm

GPS

Gap Inc anticipates its Q1'FY24 net sales to remain approximately unchanged from the previous year, while expecting a gross margin expansion of at least 100 basis points.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 9:26 pm

GPS

Gap Inc forecasts its fiscal year 2024 net sales to remain approximately unchanged on a 52-week basis, while anticipating a gross margin expansion of at least 50 basis points.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 9:25 pm

DIS

ValueAct Capital Management has identified Disney's theme parks as a key growth business, highlighting the potential for significant revenue and profit expansion in this segment.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 9:24 pm

COST

Costco Wholesale (NASDAQ:COST) reported Q2 earnings of $3.920 per share, beating estimates by 8.59%, but missed revenue estimates with $58.442B against the expected $59.156B, marking a 5.75% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 9:16 pm

MDB

MongoDB has issued its financial guidance for Q1 and the full year of fiscal 2025, projecting lower earnings and revenue than analysts expected. The company anticipates Q1 EPS to be between $0.34 and $0.39, versus the estimated $0.62, and revenue between $436M and $440M, compared to the expected $447.47M. For the full year, MongoDB forecasts EPS between $2.27 and $2.49, against the estimated $3.34, and revenue between $1.9B and $1.93B, lower than the $2.03B estimate. This guidance accounts for over $80 million of FY24 revenue from multi-year term licenses and unused Atlas commitments not expected to be realized in FY25.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 9:11 pm

DOCU

DocuSign forecasts Q1 total revenue to be between $704M-$708M, surpassing the estimated $700.06M. Additionally, the company projects its FY25 total revenue to range from $2.915B to $2.927B, exceeding the $2.9B estimate.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 9:07 pm

PRTS

CarParts.com forecasts its 2024 comparable net sales to range from a decrease of 2% to an increase of 2%, with a gross margin expectation of 30%-32%.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 9:05 pm

KIDS

OrthoPediatrics (NASDAQ:KIDS) received mixed analyst ratings, with a recent shift towards more bullish views. The average 12-month price target is now $38.2, up from $35.33, indicating an 8.12% increase. Analyst actions include ratings adjustments and price target changes, reflecting updated market conditions and company performance. OrthoPediatrics, a medical device company focused on pediatric orthopedic products, showed a revenue growth of 14.37% for the quarter ending September 30, 2023, but its growth rate is below the Health Care sector average. The company has a notable net margin of -11.49% and an ROE of -1.22%, with a debt-to-equity ratio of 0.0.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 9:00 pm

META

SONY

UMGNF

WBD

TikTok is in a licensing dispute with Universal Music Group NV (UMGNF) and is nearing the end of its deal with the National Music Publishers Association (NMPA), leading to the removal of music co-written by UMGNF songwriters. The NMPA advises members to negotiate directly with TikTok or explore enforcement options. TikTok's parent, ByteDance, reported Q3 2023 revenues of $30.9 billion, close to Meta Platforms Inc's (META) $34 billion. The dispute could escalate if other publishers like Sony Group Corp. (SONY) and Warner Bros. Discovery Inc's (WBD) Warner Chappell join, affecting more music on the platform.

Portfolio Pulse from Franca Quarneti

March 07, 2024 | 8:37 pm