Streetbeat News

Revenues

BIGC

Analysts have varied opinions on BigCommerce Holdings (NASDAQ:BIGC), with recent ratings ranging from bullish to indifferent. The average 12-month price target is $14.62, up from $11.25, indicating a positive outlook. Financial performance analysis shows a revenue growth of 7.81% but below-average net margin, ROE, and ROA, alongside a high debt-to-equity ratio. The company's SaaS platform supports online stores and cross-channel connections, primarily generating revenue from the Americas-U.S.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 12:00 pm

ITCI

Intra-Cellular Therapies (NASDAQ:ITCI) has seen diverse analyst ratings over the last three months, with a positive shift in the average 12-month price target to $81.88, up 16.97% from $70. The company, focusing on drugs for central nervous system diseases, has shown a notable revenue growth of 75.05% as of September 30, 2023, but struggles with profitability and efficiency metrics. Analysts from firms like Needham, Mizuho, and Goldman Sachs have updated their ratings and price targets, reflecting optimism and caution.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 12:00 pm

IRTC

Analyst ratings for iRhythm Technologies (NASDAQ:IRTC) show a bullish consensus with all 5 analysts giving positive ratings. The 12-month price target has increased by 9.98% to an average of $126.2. The company, specializing in cardiac arrhythmia diagnosis through wearable technology, has seen a revenue growth of 19.96% as of September 30, 2023, but lags in profitability and efficiency metrics compared to industry averages.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 12:00 pm

H

Hyatt Hotels announced that its comparable system-wide RevPAR (Revenue Per Available Room) increased by 9.1% in Q4 and by 17.0% for the fiscal year 2023, indicating strong performance and recovery in the hospitality sector.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 11:59 am

GTN

Gray Television anticipates Q1 revenue for the period ending March 31, 2024, to be between $810M-$830M, which is below the estimated $874.98M. The forecast includes total core revenue of $365M-$375M, retransmission revenue of $375M-$380M, political revenue of $30M-$33M, and production company revenue of $23M-$24M. Notably, revenue from the Super Bowl broadcast on CBS channels is expected to be $18M, up from $6M from FOX channels in the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 11:52 am

GB

Global Blue Gr Holding (NYSE:GB) reported Q3 earnings of $0.06 per share, meeting analyst estimates. However, their quarterly sales of $117.76M fell short of the expected $119.60M, a miss by 1.54%, but marked a 33.10% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 11:19 am

GENE

Genetic Technologies reported a revenue of AUD3.96M for the period ending Dec. 31, 2023, a decrease from AUD4.15M year-over-year. The company also announced cash receipts of AUD5.6M for the half-year ending December 2023.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 10:09 am

CCEP

KO

Coca-Cola Europacific Partners (CCEP) and Aboitiz Equity Ventures Inc. (AEV) have completed the acquisition of Coca-Cola Beverages Philippines, Inc. (CCBPI) from The Coca-Cola Company (KO) for $1.8 billion. This acquisition, which gives CCEP a 60% ownership and AEV 40%, is expected to be immediately EPS accretive, diversifies CCEP's footprint in the Asia-Pacific region, and aligns with its long-term growth strategy.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 7:22 am

CCEP

Coca-Cola Europacific Partners Plc (CCEP) forecasts a comparable revenue growth of approximately 4% year-over-year for the fiscal year 2024.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 7:19 am

CCEP

Coca-Cola European (CCEP) reported an 11.85% increase in adjusted EPS to $3.99 from $3.57 YoY and a 7.89% increase in sales to $19.70B from $18.26B YoY.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 7:17 am