Streetbeat News

Revenues

SWI

SolarWinds Corp projects Q1 2024 revenue of $187M-$192M, slightly below the $191.8M estimate, and adjusted EPS of $0.20-$0.22, against a $0.22 estimate. For FY24, it expects revenue of $771M-$786M, around the $779.74M estimate, with adjusted EPS of $0.95-$1.00, in line with the $0.95 estimate. The company anticipates growth in revenue and adjusted EBITDA for both periods.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 12:35 pm

BAX

Baxter International Inc. has provided its financial forecast for FY24, projecting an adjusted EPS of $2.85-$2.95, which is in line with the consensus estimate of $2.94. The company also expects sales growth of about 2% for the year, both on a reported and constant currency basis.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 12:20 pm

BAX

Baxter International Inc. has provided its Q1 FY24 earnings forecast, expecting adjusted EPS to range between $0.59 and $0.62, which is slightly below the consensus estimate of $0.63. The company also anticipates sales growth of about 1% on a reported basis and between 1% and 2% on a constant currency basis.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 12:19 pm

ABG

Asbury Automotive Gr (ABG) reported Q4 2023 earnings of $7.12 per share, missing the $7.67 estimate. However, their sales of $3.81B exceeded the $3.67B estimate, marking a 2.86% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 12:15 pm

CYBR

CyberArk has projected its FY24 total revenue to be between $920M-$930M, surpassing the estimated $915.82M. Additionally, the company anticipates its adjusted EPS to range from $1.63 to $1.81, with the consensus estimate at $1.72.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 12:11 pm

BCE

BCE Inc. projects its FY24 revenue to grow between 0% and 4%, compared to an estimated $18.62 billion, and anticipates its adjusted EPS to range from a decrease of 7% to a decrease of 2%, against an estimated $2.37.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 12:06 pm

KVUE

Kenvue projects its 2024 net sales growth to be between 1.0%-3.0% and organic growth between 2.0%-4.0%. The company anticipates an adjusted EPS of $1.10-$1.20, which is below the estimated $1.26. CFO Paul Ruh highlighted the guidance accounts for potential macroeconomic challenges and uncertainties in seasonal businesses.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 12:06 pm

ACB

Aurora Cannabis (NASDAQ:ACB) reported Q3 sales of $64.60 million, surpassing the analyst consensus estimate of $63.39 million by 1.92% and marking a 36.45% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 12:02 pm

PM

Philip Morris Intl (PM) reported Q4 2023 earnings of $1.36 per share, missing the consensus estimate of $1.45 by 6.21%. However, their quarterly sales of $9.05B exceeded the $9.01B estimate by 0.43%, marking a 10.98% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 12:01 pm

SLAB

Four analysts have recently updated their ratings on Silicon Laboratories (NASDAQ:SLAB), showing a mix of bullish and somewhat bullish sentiments. The average 12-month price target for SLAB has been raised to $146.25, indicating a 21.54% increase from the previous target. Analysts from JP Morgan, Barclays, and Stifel have raised their price targets, reflecting optimism about the company's future performance despite a -24.48% decline in revenue growth and a market capitalization below industry benchmarks. SLAB's net margin and ROE outperform industry standards, suggesting efficient cost management and financial health.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 12:00 pm