Streetbeat News

Revenues

CC

Chemours has announced its preliminary financial results for FY23, expecting net sales to be around $6 billion, slightly below the estimated $6.019 billion.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 2:55 pm

AAPL

BABA

JD

Apple Inc.'s iPhone 15 series is being offered at significant discounts in China by resellers on Alibaba Group Holding Ltd.'s Tmall and JD.com Inc.'s platform, amid economic challenges and competition from Huawei. The discounts aim to boost demand as Apple's sales in China saw a 13% drop to $20.8 billion in the quarter ended December. This strategy follows rare price reductions on Apple's website in January and precedes the launch of Huawei's Mate 70 series.

Portfolio Pulse from Rounak Jain

February 29, 2024 | 2:40 pm

CACO

Caravelle reported a significant decrease in total revenues, amounting to $45.1M for the six months ended April 30, which represents a 53.35% decline year-over-year.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 2:08 pm

LVO

LiveOne, previously known as Slacker Radio, projects its FY25 revenue to reach $80 million. This forecast suggests significant growth and optimism about the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 2:07 pm

MIRM

Mirum Pharmaceuticals announced that Hepatology has published six-year data on clinical outcomes for patients with Alagille Syndrome treated with LIVMARLI. This long-term data could be significant for patient treatment and the company's product validation.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 2:03 pm

DAR

Darling Ingredients (NYSE:DAR) has received mixed analyst ratings in the last three months, with a shift towards a more cautious stance in the last 30 days. The average 12-month price target for DAR has decreased by 11.29% to $67.2. Analysts from BMO Capital, Citigroup, Stifel, and Stephens & Co. have adjusted their ratings and price targets, reflecting changes in market dynamics and company performance. Despite a negative revenue trend and challenges in debt management, Darling Ingredients maintains a strong market presence, impressive net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 2:01 pm

PR

Six analysts have recently shared varied opinions on Permian Resources (NYSE:PR), with ratings ranging from bullish to bearish. The average 12-month price target is now $17.00, down from $17.75. Analyst actions include adjustments to ratings and price targets, reflecting changes in market conditions and company performance. Permian Resources, an independent oil and natural gas company, has shown a revenue growth of 37.97% as of September 30, 2023, but faces challenges with profitability, asset utilization, and debt management.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 2:00 pm

KTB

Kontoor Brands (NYSE:KTB) received mixed analyst ratings in the latest quarter, with 2 bullish and 2 somewhat bullish ratings. The average 12-month price target is $72.0, reflecting a 5.11% increase from the previous $68.50. Analyst actions include both raises and lowers in ratings and price targets by firms such as Barclays, UBS, Wells Fargo, and Stifel. Kontoor Brands, known for its Wrangler and Lee brands, 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

February 29, 2024 | 2:00 pm

MGNI

Analyst ratings for Magnite (NASDAQ:MGNI) show varied sentiments, with recent adjustments reflecting a mix of bullish and neutral stances. The average 12-month price target is now $13.75, marking a 10% increase from the previous $12.50 target. Magnite, a leading supply-side platform provider in online advertising, has seen a revenue growth of 2.93% as of September 30, 2023, but struggles with profitability and efficiency metrics compared to industry averages.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 2:00 pm

URBN

Urban Outfitters (NASDAQ:URBN) has been analyzed by 5 analysts, showing a mix of sentiments with 2 somewhat bullish, 3 indifferent, and no bearish ratings. The average 12-month price target is $43.0, reflecting a 17.01% increase from the previous target. Analyst actions include ratings and price target adjustments by BMO Capital, JP Morgan, Telsey Advisory Group, and UBS, indicating varied expectations for the company's performance. Urban Outfitters, a retailer of apparel and home goods, has shown impressive revenue growth and net margin but faces challenges in ROE.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 2:00 pm