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Revenues

GSAT

Globalstar (GSAT) reported Q4 earnings with a loss of $(0.01) per share and sales of $52.41M, missing the consensus estimate of $52.87M by 0.87%. This represents a 26.88% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 1:15 pm

NAMS

NewAmsterdam Pharma (NAMS) reported a significant increase in its full-year 2023 net loss to $176.9 million, or $2.15 per share, from $11.5 million, or $1.19 per share in 2022. Revenue plummeted to $14.1 million from $102.7 million YoY, mainly due to a one-time payment from Menarini in 2022. The company's cash position also declined to $340.5 million from $467.7 million, attributed to increased R&D and SG&A expenses, despite a milestone payment from Menarini and cash from warrants and options.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 1:14 pm

QUIK

QuickLogic Corporation has signed a significant seven-figure contract to provide its embedded FPGA (eFPGA) Intellectual Property (IP) for GlobalFoundries' 12LP process. This deal underscores QuickLogic's expertise and the demand for its eFPGA solutions, potentially boosting its financial performance and market position.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 1:12 pm

XHB

ZQ

Zillow Group Inc. (NASDAQ:ZQ) forecasts a 4.2% increase in U.S. home prices from Jan 2024 to Jan 2025, despite economic challenges and high interest rates. The SPDR Homebuilders ETF (NYSE:XHB) has seen a nearly 50% surge since late October 2023. Housing market resilience is attributed to limited supply, with housing starts dropping by 14.8% in January 2024. Zillow's data indicates varied regional performance, with some cities expected to see significant growth and others facing declines.

Portfolio Pulse from Piero Cingari

February 28, 2024 | 1:11 pm

NVAX

Novavax projects its full-year 2024 revenue to be between $800 million and $1 billion, aligning closely with the consensus estimate of $969.56 million. The company also anticipates its combined Research & Development (R&D) and Selling, General & Administrative (SG&A) expenses to range from $700 million to $800 million.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 1:09 pm

FTDR

Frontdoor projects its FY24 revenue to be between $1.81B and $1.84B, which is below the estimated $1.879B.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 1:05 pm

KOP

Koppers Holdings (KOP) reported Q4 adjusted EPS of $0.67, missing the $0.70 estimate, a 38.53% decrease from last year. However, sales of $513.20M exceeded estimates by 6.11%, marking a 6.34% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 1:02 pm

ARRY

Array Technologies (NASDAQ:ARRY) has received mixed analyst ratings over the last quarter, with a total of 7 analysts offering perspectives that range from bullish to indifferent. No changes in ratings occurred in the last 30 days. The average 12-month price target for ARRY is now $19.71, down from $23.67, indicating a 16.73% decrease. Analysts from firms including Truist Securities, Barclays, and Wells Fargo have adjusted their price targets, reflecting changing market dynamics and company performance. Array Technologies, a manufacturer of solar energy ground-mounting systems, has seen a -31.96% decline in revenue growth as of September 30, 2023, but maintains strong profitability metrics such as net margin and ROE.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 1:01 pm

ARVN

Arvinas Inc (NASDAQ:ARVN) received mixed analyst ratings with a positive shift in the 12-month price target to $60.29, up 29.94% from $46.40. The company, focusing on therapies that degrade disease-causing proteins, showed a revenue growth of 4.22% as of September 30, 2023, but lags in profitability and efficiency metrics compared to industry peers. Analysts from firms like Wedbush, Oppenheimer, Citigroup, Goldman Sachs, Wells Fargo, and Jefferies have updated their ratings and price targets, reflecting evolving market conditions and company performance.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 1:01 pm

RSG

Recent analyst evaluations of Republic Services (NYSE:RSG) show a mix of bullish to bearish sentiments, with 6 analysts providing diverse outlooks. The average 12-month price target has been raised to $185.67, indicating a 5.79% increase from the previous target. Analysts from firms like Oppenheimer, Wells Fargo, Citigroup, and Stifel have raised their price targets, reflecting optimism about RSG's market position and financial performance, including revenue growth, net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 1:01 pm