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Revenues

TSEM

Tower Semiconductor projects its Q1 2024 revenue to be around $325 million, allowing for a 5% variance. This forecast aligns closely with the estimated $325.12 million and aims for significant quarterly growth over the year.

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February 14, 2024 | 12:07 pm

UE

Urban Edge Properties (UE) reported a Q4 adjusted FFO of $0.31 per share, a decrease from $0.33 YoY. Sales were $116.58M, surpassing the $76.34M estimate, marking a 14.75% increase from last year.

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February 14, 2024 | 12:05 pm

KHC

Kraft Heinz projects FY24 organic net sales growth of 0-2%, adjusted operating income growth of 2-4%, and adjusted EPS of $3.01-$3.07, aligning closely with a $3.03 estimate. The company anticipates positive price contributions, volume increases in H2, modest gross profit margin expansion, and an effective tax rate of 20-22%. However, it expects a $45 million unfavorable impact from foreign currency and debt refinancing.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 12:03 pm

GPN

Global Payments (GPN) projects its 2024 adjusted net revenue to be between $9.17B and $9.30B, surpassing the $9.12B estimate, and adjusted EPS to range from $11.54 to $11.70, slightly below the $11.74 estimate. The company anticipates a 6-7% revenue growth and an 11-12% EPS growth over 2023, with an operating margin expansion of up to 50 basis points. This outlook reflects both the company's positive momentum and a cautious approach to the uncertain economic environment.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 12:01 pm

MDB

11 analysts have recently updated their ratings on MongoDB (NASDAQ:MDB), showing a diverse range of perspectives from bullish to bearish. The average 12-month price target is $464.64, indicating a 5.26% increase from the previous target. Analyst actions include raising, maintaining, and lowering ratings and price targets, reflecting their response to MongoDB's market performance and financial indicators. MongoDB's financials show strong market recognition, revenue growth, and effective cost management, with a market capitalization and growth rate surpassing industry averages.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 12:01 pm

CRWD

Analyst ratings for CrowdStrike Holdings (NASDAQ:CRWD) show a mix of bullish and bearish perspectives with 43 analysts providing ratings. The average 12-month price target is $261.33, up 17.65% from the previous target. Analyst actions include a range of 'Maintains' and 'Raises', reflecting updates based on market conditions and company performance. CrowdStrike, a cloud-based cybersecurity company, has shown a positive revenue trend with a growth rate of 35.31% as of October 31, 2023, and a net margin of 3.39%, indicating strong profitability.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 12:00 pm

MGNX

In the last three months, 4 analysts have updated their ratings on Macrogenics (NASDAQ:MGNX), showing a shift towards a more positive outlook with an average 12-month price target of $15.00, up 55.12% from the previous $9.67. The ratings range from neutral to buy, with recent price target adjustments reflecting an optimistic view on the company's future performance. Macrogenics, a biotech firm focused on cancer therapeutics, faces challenges in revenue growth but excels in net margin, ROE, and ROA, indicating strong financial health despite a revenue decline of -75.09% over the last quarter.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 12:00 pm

MLM

Martin Marietta (MLM) provided its FY24 revenue outlook, projecting $6.745B-$7.185B, below the $7.355B estimate. The guidance includes the AFS acquisition and the South Texas cement and related concrete operations divestiture but excludes the BWI Southeast acquisition. Adjusted EBITDA is expected to be $2.37 billion at the midpoint, considering all transactions as if they occurred on January 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 12:00 pm

R

Ryder System, Inc. projects its FY24 comparable EPS to be in the range of $11.50-$12.50, compared to the estimated $11.91. The company also expects a total revenue growth of approximately 13%.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 11:57 am

CRWS

Crown Crafts reported a 30.77% increase in Q3 EPS to $0.17 from $0.13 YoY, and a 25.24% increase in sales to $23.80M from $19.00M YoY.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 11:48 am