Streetbeat News

Revenues

BBGI

Beasley Broadcast Group (BBGI) reported Q4 earnings of $0.21 per share with sales of $65.70M, missing the consensus estimate of $66.05M by 0.53%. This represents an 8.78% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 12:03 pm

TRMB

Trimble has provided its financial guidance for FY24, expecting revenue between $3.57B and $3.67B, below the estimated $3.84B. Adjusted EPS is forecasted at $2.60-$2.80, around the $2.72 estimate. For Q1 2024, revenue is expected to be between $905M-$935M, below the $977.07M estimate, with adjusted EPS of $0.57-$0.62, under the $0.67 estimate. Both forecasts assume the closure of a joint venture with AGCO in Q2 2024.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 12:02 pm

INDA

India's Consumer Price Index (CPI) for January reported a year-over-year increase of 5.10%, slightly above the estimated 5.09% and below the prior 5.69%.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 12:02 pm

TEVA

Over the last three months, 8 analysts have provided diverse opinions on Teva Pharmaceutical Industries (NYSE:TEVA), with recent ratings ranging from bullish to bearish. The average 12-month price target for TEVA has been raised to $14.25, marking a 24.67% increase from the previous average of $11.43. Analysts from firms including Piper Sandler, Goldman Sachs, Barclays, Jefferies, HSBC, and UBS have adjusted their ratings and price targets, reflecting a generally positive outlook on the company. Teva, a leading generic drug manufacturer, has shown a positive revenue trend with a growth rate of 15.77% as of December 31, 2023, and has outperformed in net margin and ROE, despite a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 12:01 pm

MHK

Mohawk Industries (NYSE:MHK) received mixed analyst ratings, with a shift towards more positive evaluations in the last quarter. The average 12-month price target for MHK has increased by 22.44% to $114.6. Analysts from Deutsche Bank, Wells Fargo, RBC Capital, Goldman Sachs, and Barclays have adjusted their ratings and price targets, reflecting changes in market dynamics and company performance. Despite a -5.56% decline in revenue growth for the last 3 months of 2023, MHK demonstrates strong profitability and financial health, with impressive net margin, ROE, and ROA, and a conservative debt management approach.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 12:00 pm

ROAD

Four analysts have recently updated their ratings and price targets for Construction Partners (NASDAQ:ROAD), showing a mix of bullish and bearish perspectives. The average 12-month price target is now $48.75, marking an 8.33% increase from the previous $45.00. The company's financial performance is strong, with significant revenue growth, high net margin, and excellent ROE and ROA, outperforming industry averages. Analysts' upgrades reflect positive views on the company's market position and financial health.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 12:00 pm

RIVN

Rivian Automotive (NASDAQ:RIVN) has received mixed analyst ratings over the last three months, with a current average 12-month price target of $20.14, down 19.98% from the previous $25.17. Analysts from firms including Barclays, Goldman Sachs, Needham, Deutsche Bank, and Stifel have adjusted their ratings and price targets, reflecting diverse perspectives on the company's performance and market standing. Rivian's financial indicators show a significant revenue growth rate of 149.44% as of September 30, 2023, but challenges in net margin, ROE, and ROA. The company's market capitalization and debt management are also highlighted.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 12:00 pm

MLM

Martin Marietta Materials (MLM) has agreed to purchase 20 active aggregates operations located in Alabama, South Carolina, South Florida, Tennessee, and Virginia from Blue Water Industries for $2.05 billion in cash. This acquisition, along with the recent purchase of Albert Frei & Sons, Inc. in Colorado, adds about 1 billion tons of high-quality reserves to MLM's portfolio and is expected to generate over $180 million in annualized EBITDA.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 11:58 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) used car prices have dropped significantly, with a 50% decline from a mid-2022 peak, reflecting the impact of the company's recent price cuts and broader market trends. The average used Tesla car price fell to $33,913, with notable declines in Model X and Model S prices. This trend is attributed to higher interest rates, improved new car supply, and price cuts by automakers, especially in the EV sector. Tesla's price reductions, including a recent $1,000 discount on the Model Y, could affect automakers' profits and influence new car purchase decisions due to lower resale values.

Portfolio Pulse from Shanthi Rexaline

February 12, 2024 | 7:40 am

SGAMY

Sega Sammy Holdings Inc - ADR (OTC:SGAMY) issued a financial warning due to disappointing holiday sales in 2023, citing weak sales of new games and losses from inventory write-downs. The company highlighted sluggish sales in Europe and the US, attributing it to economic challenges like inflation. Despite some successful titles, Sega does not expect to offset the lower sales and profits for the financial year. The company is undergoing structural reforms, including project cancellations and management changes.

Portfolio Pulse from Franca Quarneti

February 10, 2024 | 2:04 pm