Streetbeat News

Revenues

API

Agora anticipates its Q1 2024 revenue to be in the range of $32M-$34M, based on current market and operational conditions, which may change.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 4:54 pm

CBRL

Cracker Barrel Old Country Store Inc (NASDAQ:CBRL) reported a slight increase in Q2 fiscal 2024 revenues to $935.4 million, up 0.2% Y/Y, surpassing consensus estimates. Comparable store restaurant sales rose by 1.2%, while retail sales dropped by 5.3%. Adjusted operating income and EPS both saw declines due to higher labor costs, but the company remains optimistic, raising its FY24 revenue outlook to $3.5 billion - $3.6 billion. Shares fell by 0.89% to $71.68.

Portfolio Pulse from Anusuya Lahiri

February 27, 2024 | 4:53 pm

SPY

U.S. President Biden emphasized the urgency of finding a solution to fund the government and support Ukraine, stating the situation is dire. During a meeting with Congress leaders, he highlighted that a government shutdown would significantly damage the economy.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 4:47 pm

IIPR

Innovative Industrial Properties, Inc. (IIPR) reported a 12% increase in 2023 revenue to $309.5 million, with Q4 revenue at $79.2 million. The growth is attributed to tenant reimbursements, acquisitions, leasing of new properties, and rental escalations. Net income for 2023 was $164.2 million, up from $153 million in 2022. Total expenses for the year rose to $135 million. The company's shares saw a 3.48% increase to $92.87 per share.

Portfolio Pulse from Jelena Martinovic

February 27, 2024 | 4:25 pm

NCLH

Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) reported a 30.8% year-on-year sales growth for Q4 fiscal 2023, with revenues of $1.986 billion slightly above consensus. Adjusted EPS improved but missed expectations. The company saw a significant recovery compared to 2019, with total revenue and per Passenger Cruise Day up by 34% and 21%, respectively. Operating income turned positive, and adjusted EBITDA significantly improved. The company provided a strong outlook for 2024, expecting an Adjusted EPS of ~$1.23 and Adjusted EBITDA of ~$2.2 billion. Shares surged 17.5% to $18.72.

Portfolio Pulse from Akanksha Bakshi

February 27, 2024 | 4:12 pm

FTAI

FTAI Aviation (NASDAQ:FTAI) received mixed analyst ratings with an average 12-month price target of $62.25, marking a 24.5% increase from the previous target. Analysts from Morgan Stanley, Barclays, and Stifel have raised their price targets, reflecting a positive outlook on the company's financial health, including a notable revenue growth of 7.43%, a net margin of 35.18%, and an ROE of 81.63%. However, the company's debt-to-equity ratio of 14.37 indicates a higher financial risk.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 4:00 pm

AXSM

Axsome Therapeutics (NASDAQ:AXSM) has been evaluated by 14 analysts over the last three months, showing a shift towards more bullish sentiments. The average 12-month price target for AXSM has risen to $123.57, marking a 16.58% increase from the previous target. Analysts' actions, including rating adjustments and price target changes, reflect their evolving views on the company's performance and market conditions. Axsome Therapeutics, a clinical-stage biopharmaceutical company, focuses on developing therapies for CNS disorders. Despite its positive revenue growth rate of 193.5%, the company's financial indicators such as net margin, ROE, and ROA remain below industry averages.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 4:00 pm

PEG

Public Service Enterprise (NYSE:PEG) received mixed analyst ratings over the past quarter, with recent evaluations showing a shift towards a more cautious stance. The average 12-month price target was adjusted to $64.75, down from $65.33, reflecting a slight decline in optimism. Analysts from BMO Capital, Guggenheim, Barclays, and JP Morgan have updated their ratings and price targets, indicating varied expectations for the company's performance. Public Service Enterprise, a holding company for regulated utilities and clean energy projects, reported an 8.1% revenue growth for the quarter ending September 30, 2023, but faces challenges in profitability and asset utilization.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 4:00 pm

SPY

The Texas Services Sector Outlook for February improved to -3.9 from -9.3 in the previous month, indicating a less negative outlook.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 3:30 pm

SPY

The Dallas Federal Reserve reported that services revenues for February stood at 5.2, showing a significant improvement from the previous -3.6.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 3:30 pm