Streetbeat News

Revenues

SITE

SiteOne Landscape Supply (NYSE:SITE) has received mixed analyst ratings over the past quarter, with a recent shift towards more bullish sentiments. The average 12-month price target for SITE has been raised to $161.4, indicating a 14.67% increase from the previous target of $140.75. Analysts from Barclays, Truist Securities, and Stifel have updated their ratings and price targets, reflecting changes in market conditions and company performance. Despite challenges in market capitalization, revenue growth, net margin, and ROE, SITE's ROA and conservative debt management are positive indicators.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 2:01 pm

EQIX

Equinix (NASDAQ:EQIX) has received mixed analyst ratings over the past three months, with a shift towards a more positive outlook in recent evaluations. The average 12-month price target for EQIX has increased by 4.32% to $825.2. Analyst actions include both upgrades and downgrades, reflecting dynamic market conditions and company performance. Equinix operates a global network of data centers and has shown notable revenue growth, although it faces challenges in net margin and ROE. Its prudent debt management and strong ROA are highlighted as financial strengths.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 2:01 pm

CRK

Comstock Resources (NYSE:CRK) has received mixed analyst ratings in the last three months, with a shift towards a more indifferent stance in the last 30 days. The average 12-month price target for CRK has been lowered to $9.75 from $11.75, indicating a 17.02% decrease. Analysts from Truist Securities, Piper Sandler, and Stifel have adjusted their price targets and ratings, reflecting changes in market dynamics and company performance. Comstock Resources, an independent energy company, has shown a solid revenue growth rate of 8.98% as of December 31, 2023, but faces challenges in profitability, asset utilization, and debt management.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 2:01 pm

SKX

Analysts have recently updated their ratings and price targets for Skechers USA (NYSE:SKX), showing a positive shift in sentiment. The average 12-month price target has increased to $69.25, up 6.77% from the previous $64.86. Recent actions include both upgrades and downgrades in ratings and adjustments to price targets by analysts from Evercore ISI Group, Raymond James, Stifel, and Wedbush. Skechers USA's financial overview highlights a below-average market capitalization, strong revenue growth of 7.8%, a high net margin of 7.18%, but lower ROE and ROA compared to industry standards, and a conservative debt management approach.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 2:00 pm

AVTR

Avantor (NYSE:AVTR) has received diverse analyst ratings over the last three months, with a shift towards more bullish sentiments. The average 12-month price target for AVTR has increased to $25.88, up from $21.67, indicating a 19.43% rise. Analysts from firms like Barclays, Raymond James, and Deutsche Bank have adjusted their ratings and price targets, reflecting evolving market conditions and Avantor's performance. Despite facing revenue challenges and a high debt-to-equity ratio, Avantor's net margin and ROA outperform industry benchmarks.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 2:00 pm

PCRX

Pacira Biosciences published a study showing that EXPAREL, when used as a sciatic nerve block in the popliteal fossa for patients after bunionectomy, significantly reduces pain and opioid consumption through 96 hours compared to an active comparator. The study also found a significantly greater proportion of patients receiving EXPAREL were opioid-free.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 1:43 pm

SPY

Retail sales in January saw a significant slowdown, contracting by 0.8% month-over-month, while manufacturing indicators from New York and Philadelphia showed signs of recovery. Jobless claims also fell, indicating a stronger labor market. The economic data influenced market expectations, with traders pricing in rate cuts by December 2024. The S&P 500, tracked by SPDR S&P 500 ETF Trust (SPY), experienced a 1% increase in its last session.

Portfolio Pulse from Piero Cingari

February 15, 2024 | 1:42 pm

IDCC

InterDigital forecasts its full-year 2024 revenue to be between $620M-$670M, significantly surpassing the estimated $505.52M. Additionally, the company anticipates its adjusted EPS to range from $7.45-$8.76, well above the estimated $4.51.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 1:38 pm

MGOL

MGO Global has announced a preliminary revenue growth of 400% year-over-year for the fiscal year 2023. This significant increase highlights the company's strong performance and potential for future growth.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 1:35 pm

AHT

Ashford Hospitality Trust, Inc. (AHT) announced preliminary Q4 and FY23 financial results, including a net loss range of $(32.3) million to $(30.3) million for Q4 and $(194.7) million to $(192.7) million for FY23. The company also reported a slight increase in January Comparable RevPAR by 1.5% YoY. Adjusted EBITDAre and Adjusted FFO figures were also provided, with final Q4 results to be released on February 28, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 1:34 pm