Streetbeat News

Revenues

TYL

Tyler Technologies forecasts its 2024 total revenues to be between $2.095 billion and $2.135 billion, with an estimated consensus of $2.128 billion. The company also projects its adjusted EPS to range from $8.90 to $9.10, surpassing the estimated $8.78.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 9:23 pm

IRT

Independence Realty Trust (IRT) reported Q4 2023 earnings of $0.30 per share, meeting analyst consensus estimates. Quarterly sales were $166.73 million, also in line with estimates, marking a 2.61% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 9:18 pm

MCRI

Monarch Casino & Resort (MCRI) reported Q4 2023 earnings of $0.93 per share, missing the consensus estimate of $1.07. However, their quarterly sales of $128.19M exceeded the estimate of $118.67M, marking a 6.35% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 9:14 pm

EQIX

Equinix (EQIX) projects Q1 2024 revenues to be between $2.127B-$2.147B, slightly below the $2.14B estimate, with full-year revenues expected between $8.793B-$8.893B, against an $8.87B estimate. The company anticipates a 1-2% quarterly revenue increase, or flat on a normalized basis, including a $38M foreign currency benefit. Adjusted EBITDA for Q1 is forecasted between $960M-$980M, incorporating a $18M currency benefit and $5M in acquisition integration costs. For 2024, Equinix expects a 7-9% revenue increase year-over-year, with adjusted EBITDA between $4.089B-$4.169B, including a $67M currency benefit. AFFO is projected to grow 9-12%, with per-share figures between $34.58-$35.31. The guidance accounts for significant non-recurring and recurring capital expenditures, including xScale-related investments expected to be reimbursed by current and future xScale JVs.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 9:12 pm

GTY

Getty Realty (NYSE:GTY) reported Q4 2023 earnings of $0.57 per share, surpassing the consensus estimate of $0.56. However, its quarterly sales of $47.64M fell short of the $47.88M estimate, marking a 10.48% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 9:06 pm

WCC

WESCO Intl (NYSE:WCC) has been analyzed by 6 analysts, showing a shift towards a more bullish stance in the last three months with an average 12-month price target of $176.5, down 8.26% from the previous $192.40. The company's financial performance indicates positive revenue growth but challenges in profitability and efficiency metrics compared to industry averages. Analysts' ratings and price targets have been adjusted, reflecting their response to WESCO's market conditions and performance.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 9:00 pm

WTS

Watts Water Technologies (NYSE:WTS) received neutral to hold ratings from 4 analysts over the last three months, with an average 12-month price target of $197.0, reflecting a 4.65% increase from the previous target. The company, specializing in water conservation and safety products, shows positive revenue growth but trails in net margin and ROE compared to industry averages. Its financial health is strong with an exceptional ROA and a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 8:00 pm

BRK

KHC

Kraft Heinz Company (NASDAQ:KHC) reported Q4 2023 sales of $6.86 billion, a 7.1% decrease Y/Y, missing consensus estimates. Organic Net Sales decreased by 0.7%. The company faced challenges from higher input costs, leading to price increases and a decline in volume/mix. Adjusted EPS was $0.78, down 8.2% Y/Y but above consensus. For 2024, Kraft Heinz expects adjusted earnings of $3.01 to $3.07 per share and anticipates organic sales growth between flat to 2%. Shares fell 6.17% to $33.90. Berkshire Hathaway (NYSE:BRK), with Kraft Heinz as its 7th top holding, may also be impacted.

Portfolio Pulse from Vandana Singh

February 14, 2024 | 7:51 pm

RCAT

Red Cat Holdings reported an estimated revenue of approximately $7M for Q4 2024, aligning with the $7M revenue estimate.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 7:36 pm

RCAT

Red Cat Holdings reported a preliminary Q3 2024 revenue of approximately $5.8 million, surpassing the estimated $5.0 million.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 7:35 pm