Streetbeat News

Revenues

ADEA

Adeia has projected its FY24 revenue to be in the range of $380M-$420M, which compares to the estimated $405.963M by analysts.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 9:30 pm

ILPT

Industrial Logistics (NASDAQ:ILPT) reported Q4 2023 FFO EPS of $0.12, meeting analyst consensus estimates, but missed sales estimates with $108.89M against the expected $110.56M, a 1.51% miss. Year-over-year, sales increased by 2.40% from $106.34M.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 9:28 pm

IFF

International Flavors & Fragrances (IFF) projects 2024 volume growth of 0%-3% amid macroeconomic uncertainty, with sales forecasted between $10.8B-$11.1B, below the estimated $11.414B. The company anticipates a 2.5% decline in pricing, mainly due to lower input costs and competitive dynamics in Functional and Fragrance Ingredients. However, adjusted operating EBITDA for 2024 is expected to range from $1.9B to $2.1B, with a 3%-11% growth in comparable currency neutral adjusted operating EBITDA, attributed to volume increases and productivity improvements.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 9:26 pm

GFL

GFL Environmental projects its fiscal year 2024 revenue to be approximately C$8 billion.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 9:24 pm

CYH

Community Health Systems (CYH) reported a Q4 2023 adjusted EPS of $(0.41), missing the consensus estimate of $0.06 by 783.33%. However, their quarterly sales of $3.18B exceeded the $3.16B estimate, marking a 1.24% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 9:20 pm

CE

Celanese (NYSE:CE) reported Q4 earnings with an EPS of $2.24, missing estimates by 3.03% against an expected $2.31. Revenue increased by $221M from the previous year. Despite beating EPS estimates in Q3 2023, the share price dropped by 2.88% the following day. For Q1 2024, Celanese forecasts earnings between $1.75 and $2.0 per share.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 9:20 pm

O

Realty Income (NYSE:O) reported its Q4 AFFO per share at $1.01, missing the consensus estimate of $1.04 by 2.88%. However, its quarterly sales of $1.08 billion exceeded expectations by 5.18%, marking a 21.08% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 9:17 pm

ESRT

Empire State Realty Trust (ESRT) reported Q4 2023 FFO of $0.25 per share, surpassing the $0.21 estimate. However, its sales of $151.17M fell short of the $186.47M estimate, marking an 18.93% miss but a 3.61% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 9:15 pm

HD

Home Depot, Inc (NYSE:HD) reported mixed Q4 fiscal 2023 results with an EPS of $2.82, surpassing estimates but with a 2.9% Y/Y decrease in net sales to $34.8 billion. Comparable sales also fell by 3.5% Y/Y. The company's operating margin decreased to 11.9%. For fiscal 2024, Home Depot provided cautious guidance, including a 1.0% sales growth and a 1.0% decline in comparable sales, both below consensus estimates. Goldman Sachs analyst Kate McShane reiterated a Buy rating on HD with a $393 price target, expecting an adverse reaction to the guidance.

Portfolio Pulse from Anusuya Lahiri

February 20, 2024 | 9:14 pm

ADEA

Adeia (NASDAQ:ADEA) reported Q4 2023 earnings of $0.27 per share, surpassing the $0.25 estimate, but its sales of $86.87M fell short of the $88.85M estimate, marking a 15.90% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 9:14 pm