Streetbeat News

Revenues

RBLX

Roblox projects its FY24 revenue to be between $3.3 billion and $3.4 billion, with bookings estimated to range from $4.14 billion to $4.28 billion.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 1:03 pm

TWIN

Twin Disc reported a decrease in Q2 EPS to $0.07 from $0.08 YoY, but sales increased to $72.99M, beating the $68.90M estimate, a 15.22% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 1:03 pm

SONO

Analysts have updated their ratings and price targets for Sonos (NASDAQ:SONO), showing a mix of bullish and somewhat bullish opinions. The average 12-month price target has been raised to $20.25, indicating a positive sentiment shift. Sonos's financials reveal challenges, with a -3.52% revenue decline and below-industry-standard profitability metrics. Despite this, the updated analyst ratings and higher price targets suggest a cautiously optimistic outlook for the stock.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 1:01 pm

ALTM

Arcadium Lithium (NYSE:ALTM) has received mixed analyst ratings over the past quarter, with a significant drop in the average 12-month price target from $19.00 to $6.97. Analysts from firms like Piper Sandler, JP Morgan, and Raymond James have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Arcadium Lithium, emerging from the Allkem-Livent merger, is a key player in the lithium market, crucial for EV batteries. Despite facing revenue growth challenges, the company exhibits strong financial health indicators such as high net margin and ROE.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 1:01 pm

BJ

Analyst ratings for BJ's Wholesale Club (NYSE:BJ) over the past three months have been consistently indifferent, with all five analysts giving a neutral stance. The average 12-month price target has been adjusted to $67.8, down from $71.00, indicating a 4.51% decline. The company's financial performance shows positive revenue growth and strong profitability metrics, despite a high debt-to-equity ratio. Analysts from firms including Gordon Haskett, Wells Fargo, Citigroup, Roth MKM, and Evercore ISI Group have provided recent evaluations, with price targets ranging from $63.00 to $72.00.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 1:00 pm

OESX

Orion (OESX) forecasts FY 2024 revenue growth of 16%-23%, aiming for $90M-$95M, below the $97.5M estimate. Q4 revenue is expected to be $26M-$31M, under the $32.31M estimate. Growth is anticipated from LED lighting projects, EV charging solutions, with a slight decrease in maintenance services. FY 2025 targets 10-15% growth, considering the completion of a large DOD project and challenges in the maintenance business.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 12:51 pm

VSTS

Vestis (NYSE:VSTS) reported Q1 2024 earnings of $0.22 per share, meeting analyst estimates, but missed sales forecasts with $717.90M versus the expected $724.72M. This represents a 2.45% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 12:35 pm

NYT

The New York Times Company (NYT) projects an increase in digital-only subscription revenues by 11-14%, total subscription revenues by 7-9%, and digital advertising revenues by low-to-high-single-digits for Q1 2024. However, total advertising revenues are expected to decrease by mid-single-digits, while other revenues may see a mid-single-digit increase. Adjusted operating costs are anticipated to rise by 5-7%.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 12:18 pm

NYT

The New York Times Company forecasts for Q1 2024 include an 11-14% increase in digital-only subscription revenues, a 7-9% rise in total subscription revenues, a low-to-high single-digit increase in digital advertising revenues, a mid-single-digit decrease in total advertising revenues, a mid-single-digit increase in other revenues, and a 5-7% increase in adjusted operating costs.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 12:16 pm

NYT

The New York Times (NYT) reported a significant increase in its digital-only subscribers, adding 300,000 net new subscribers in the fourth quarter. This growth highlights the company's successful expansion in its digital audience amidst a rapidly evolving media landscape.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 12:11 pm