Streetbeat News

Revenues

VERX

Vertex forecasts its Q1 revenue to be between $152M-$156M, surpassing the estimated $150.09M. The company also projects its adjusted EBITDA to range from $29M-$31M.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:08 pm

OPRA

Opera projects its FY24 revenue to be between $450M and $465M, which is around the current analyst estimate of $455.3M.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:03 pm

PZZA

Papa John's International reported a slight increase in Q4 comparable sales growth by 0.1%, with a notable 11% rise in global system-wide restaurant sales growth. The report highlights a mixed performance across different segments, with domestic company-owned restaurants showing a 2.2% increase in comparable sales and international restaurants experiencing a 5.5% decline. The year-end figures also reflect a varied performance, with a slight overall decline in comparable sales but a significant improvement in system-wide sales growth.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:03 pm

MEG

Montrose Environmental Gr (MEG) reported Q4 2023 GAAP EPS of $0.27, up from $0.25 YoY, with sales of $165.74M beating the $160.47M estimate, marking an 18.80% increase over the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:02 pm

XHR

In the past three months, Xenia Hotels & Resorts (NYSE:XHR) received 4 analyst ratings, showing a shift towards a more bullish outlook with a recent rating upgrade and an increased average price target of $15.25 from $14.25. Analysts from Jefferies, Wells Fargo, and Keybanc adjusted their price targets and ratings, reflecting changes in market conditions and company performance. Xenia, a REIT focusing on upscale hotels, has shown a revenue growth of 9.2% as of December 31, 2023, but struggles with below-average net margin, ROE, and ROA, despite a sound debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 12:00 pm

BECN

Beacon Roofing Supply (NASDAQ:BECN) has been analyzed by 4 financial analysts, showing a mix of bullish to bearish sentiments. Recent ratings include 1 bullish, 3 somewhat bullish, and an average 12-month price target of $108.5, up 7.69% from the previous target. Analyst actions from firms like Baird, JP Morgan, and Stifel indicate adjustments in ratings and price targets, reflecting evolving market conditions and company performance. Despite the positive analyst outlook, Beacon Roofing Supply faces challenges such as below-industry average market capitalization, revenue growth, net margin, ROE, and ROA, but maintains a healthier debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 12:00 pm

CRM

Analyst ratings for Salesforce (CRM) have shown a mix of sentiments, with recent updates indicating a positive shift in price targets. The average 12-month price target has risen by 9.21% to $307.0, with analysts from firms like Piper Sandler, Citigroup, and Morgan Stanley adjusting their ratings and targets. Salesforce's financial performance shows a revenue growth of 11.27% but faces challenges with net margin, ROE, and ROA below industry averages. The company's market capitalization and balanced debt approach indicate strong confidence and market prominence.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 12:00 pm

LPRO

Open Lending (NASDAQ:LPRO) has received mixed analyst ratings over the last quarter, with a shift towards a more cautious stance in the last 30 days. The average 12-month price target for LPRO has increased to $7.88, up 43.27% from the previous $5.50. Analysts from Canaccord Genuity, Needham, Morgan Stanley, and JMP Securities have updated their ratings and price targets, reflecting changes in market conditions and company performance. Open Lending's financial performance shows a significant revenue decline of -48.67% over the past 3 months, with below-industry benchmarks in market capitalization, net margin, ROE, ROA, and a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 12:00 pm

ANIP

ANI Pharmaceuticals projects its 2024 revenues from Purified Cortrophin Gel to be between $170M and $180M, marking an increase of 52% to 61%.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 11:56 am

INSW

International Seaways (NYSE:INSW) reported Q4 2023 earnings of $2.68 per share, surpassing the $2.09 estimate, with total shipping revenues of $250.70M beating the $237.95M estimate. This represents a 25.86% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 11:46 am