Streetbeat News

Revenues

WLY

John Wiley & Sons has updated its full-year 2024 financial outlook, expecting adjusted revenue to trend towards the mid-to-high end of the $1.58B-$1.63B range, against analysts' expectations of $1.691B. Additionally, the company has raised its adjusted EPS forecast from $2.05-$2.40 to $2.45-$2.65, surpassing the estimated $2.25.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 12:38 pm

ML

MoneyLion (NYSE:ML) reported Q4 sales of $112.96M, surpassing the consensus estimate of $112.50M by 0.41% and marking an 18.98% increase from the previous year's $94.94M.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 12:31 pm

VITL

Vital Farms projects its FY24 revenue to be $552M, slightly above the estimated $550.6M.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 12:22 pm

FHTX

Foghorn Therapeutics reported a significant increase in its FY23 collaboration revenue, reaching $34.2 million compared to $19.2 million in the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 12:16 pm

LASE

Laser Photonics has received an order from Mine System Solutions for its CleanTech 3000-CTHD Laser Cleaning System and its Markstar Pro Laser Marking and Engraving System. This order could indicate a positive outlook for Laser Photonics' product demand and market presence.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 12:13 pm

BTCUSD

The 'Kimchi premium' phenomenon, indicating a higher price of Bitcoin in South Korea compared to global markets, has resurfaced, offering arbitrage opportunities despite challenges due to strict financial regulations. This resurgence is attributed to high local demand and retail investor participation, amid Bitcoin reaching new all-time highs and the active South Korean cryptocurrency market.

Portfolio Pulse from Benzinga Neuro

March 07, 2024 | 12:11 pm

RSI

Rush Street Interactive's shares surged following the announcement of Q4 financial results that exceeded expectations, along with a 2024 revenue forecast surpassing estimates.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 12:10 pm

OPTN

Optinose reported its fourth quarter and full year 2023 net revenue for Xhance at $19.9 million and $71 million, respectively.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 12:06 pm

NIO

In the past three months, 6 analysts have updated their ratings on NIO (NYSE:NIO), showing a shift towards a more cautious stance with 4 indifferent and 2 somewhat bearish ratings. The average 12-month price target has been lowered to $5.45 from $7.47, indicating a negative outlook. NIO's financial performance shows strong revenue growth and ROA, but concerns over net margin, ROE, and high debt levels. The company has sold over 160,000 EVs in 2023, holding about 2% of China's new energy vehicle market.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 12:00 pm

EPRT

Essential Props Realty (NYSE:EPRT) received mixed analyst ratings over the last three months, with 4 analysts offering evaluations ranging from bullish to bearish. The average 12-month price target for EPRT is $27.75, reflecting a 2.78% increase from the previous target of $27.00. Analyst actions include both upgrades and downgrades, with price targets ranging from $26.00 to $29.00. Essential Props Realty, a real estate investment trust, has shown strong financial performance with a revenue growth of 31.58%, a net margin of 50.13%, and above-industry average returns on equity and assets.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 12:00 pm