Streetbeat News

Revenues

HOOD

Robinhood Gold's subscribers increased to 1.42 million as of December 31, 2023, marking a 25% growth year-over-year. Additionally, their FDIC-insured cash sweep balances surged over 200% YoY, exceeding $15 billion, with an average of more than $10K per subscriber.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 9:09 pm

ADC

Agree Realty (NYSE:ADC) reported Q4 2023 earnings per share of $1.00, meeting analyst consensus estimates. Quarterly sales reached $144.16 million, exceeding estimates by 3.31% and marking a 23.71% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 9:09 pm

LYFT

Lyft projects its Q1 gross bookings to be between $3.5 billion and $3.6 billion.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 9:07 pm

LYFT

Lyft reported its Q4 sales at $1.22 billion, meeting analyst consensus estimates and marking a 4.22% increase from $1.18 billion in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 9:06 pm

AKAM

Akamai Technologies projects Q1 EPS to be between $1.59 and $1.64, aligning with the lower end of the $1.59 estimate. Revenue is expected to range from $980M to $1B, slightly below the $993.43M estimate. The company anticipates a non-GAAP operating margin of 29-30%, a non-GAAP tax rate of 18.5-19%, and capital expenditures to represent 15% of revenue.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 9:04 pm

NMTC

NeuroOne Medical Technologies Corporation (NMTC) reported Q1 2024 GAAP EPS of $(0.14), meeting analyst consensus. Quarterly sales reached $977.65K, surpassing the $852K estimate, marking a 753.25% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 9:04 pm

SUM

Summit Materials (NYSE:SUM) received mixed analyst ratings in the last quarter, with a shift towards a more cautious stance in the last 30 days. The average 12-month price target was adjusted to $41.5 from $43.00, indicating a 3.49% decrease. The company's financial performance shows strong profitability with a notable net margin of 28.94% and ROE of 10.57%, despite a high debt-to-equity ratio of 0.67. Revenue growth was 5.59% for the last quarter, slightly lagging behind industry peers.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 9:00 pm

BBY

CRMT

HD

Shares of retail and apparel companies including BBY, BIRK, CRMT, CVNA, EXPR, FND, HD, KMX, PLCE, RH, SNBR, TBLT, VFC, VSCO, and W are trading lower following January CPI data indicating a higher-than-expected inflation rise.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 8:50 pm

F

Ford Motor (NYSE:F) received mixed analyst ratings with 7 analysts offering their perspectives, showing a shift towards a more cautious outlook over the past 30 days. The average 12-month price target for Ford is now $13.19, down 10.09% from the previous $14.67. Analysts from firms like Morgan Stanley and Citigroup have adjusted their price targets and ratings, reflecting varied expectations for Ford's stock performance. Ford's market position is analyzed, noting its market share, revenue growth, and financial metrics such as net margin and debt management.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 8:00 pm

ABCB

BAC

Bank stocks including ABCB, ASB, AUB, BAC, and others traded lower after January's CPI data indicated a higher-than-expected inflation rise, casting doubt on future rate cuts.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 7:16 pm