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Revenues

DOV

Dover Corp (NYSE:DOV) reported a slight decline in Q4 fiscal 2023 revenue by 1.6% Y/Y to $2.106 billion, missing consensus estimates. However, adjusted EPS increased by 13% Y/Y to $2.45, surpassing expectations. The company saw improvements in gross profit, operating income, and adjusted segment EBITDA. Operating cash flow and free cash flow also saw significant increases. Dover anticipates demand conditions to improve throughout 2024, projecting GAAP EPS of $7.90-$8.10 and adjusted EPS of $8.95-$9.15, with revenue growth expected between 2%-4%. Shares rose 1.63% to $152.22.

Portfolio Pulse from Akanksha Bakshi

February 01, 2024 | 4:45 pm

GOOS

Canada Goose Holdings Inc. (NYSE:GOOS) reported a 6% year-over-year revenue growth for Q3 FY24, with a notable 14% increase in DTC revenue and a 62% revenue surge in Asia Pacific. Despite missing analyst revenue expectations in USD terms, the company saw gross profit grow by 8% and adjusted EPS increase. The company has adjusted its FY24 revenue and EPS guidance upwards, leading to a 2% rise in its stock price.

Portfolio Pulse from Nabaparna Bhattacharya

February 01, 2024 | 4:33 pm

PTON

Peloton Interactive Inc (NASDAQ:PTON) shares plummeted after reporting mixed Q2 financial results and projecting Q3 2024 revenue below expectations. Sales decreased 6% Y/Y to $743.6 million, slightly above consensus, but EPS loss was $(0.54), missing the consensus loss of $(0.53). Membership and app subscriptions declined, while gross profit increased 27% due to connected fitness products. Operating expenses dropped 14%, and adjusted EBITDA loss improved. Peloton's cash position remains strong at $798.1 million. The company anticipates lower FY24 revenue than consensus and expects positive free cash flow in Q4 2024, missing the full-year goal. Shares fell 23.2% to $4.269.

Portfolio Pulse from Lekha Gupta

February 01, 2024 | 4:18 pm

HUBS

HubSpot (NYSE:HUBS) has been evaluated by 13 analysts over the last three months, showing a diverse range of opinions. The recent assessments indicate a shift towards a more bullish sentiment, with an average 12-month price target set at $568.38, reflecting a 4.87% increase from the previous target. Analyst actions include maintaining, raising, and lowering ratings and price targets, reflecting their reaction to HubSpot's market performance and financial indicators. Despite a positive revenue trend with a growth rate of 25.59%, HubSpot's market capitalization, net margin, ROE, and ROA fall below industry benchmarks, presenting challenges in profitability and asset utilization.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 4:01 pm

FTV

Fortive (NYSE:FTV) has received mixed analyst ratings over the past three months, with a recent shift towards a more positive outlook. The average 12-month price target for FTV has been raised to $82.2, up 9.02% from the previous $75.40. Analysts from RBC Capital, Mizuho, JP Morgan, and Wells Fargo have all raised their price targets, reflecting an optimistic view of Fortive's future performance. Fortive, a diversified industrial technology firm, reported a revenue growth of 2.64% for the quarter ending September 30, 2023, and a net margin of 14.59%, despite trailing behind the industry average in ROE and ROA.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 4:00 pm

BKR

Analyst ratings for Baker Hughes (NASDAQ:BKR) show a mix of bullish and bearish perspectives with a recent shift towards a more cautious outlook. The average 12-month price target has been adjusted to $40.25, down from $42.50, reflecting a 5.29% decrease. Analysts from RBC Capital, Barclays, and Citigroup have made adjustments to their ratings and price targets, indicating a nuanced view of the company's future performance. Baker Hughes, a leader in oilfield services and equipment, shows strong market presence but faces challenges in revenue growth, net margin, and ROE compared to industry averages.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 4:00 pm

EQR

Equity Residential (NYSE:EQR) has received mixed ratings from analysts, with a shift towards a more neutral stance in the last 30 days. The average 12-month price target has been adjusted to $60.5, down from $63.20, reflecting a 4.27% decrease. Analysts from RBC Capital, Mizuho, Stifel, and Piper Sandler have updated their ratings and price targets, indicating varied expectations for EQR's performance. Equity Residential, with a portfolio of 304 apartment communities, shows solid financial indicators such as a net margin of 42.74% and ROE of 2.82%, despite a lower revenue growth rate compared to the industry average.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 4:00 pm

NXT

Nextracker Inc. (NASDAQ:NXT) shares surged after reporting Q3 earnings that doubled analyst estimates and raising its full-year 2024 revenue outlook. Earnings per share were 96 cents, surpassing the expected 48 cents. Revenue increased by 38.38% year-over-year to $710.43 million. The company now expects 2024 revenue between $2.425 billion and $2.475 billion. Following the earnings release, analysts from Goldman Sachs, Wells Fargo, and JP Morgan raised their price targets for NXT. The stock hit a 52-week high of $54.95, trading above its 50-day moving average of $43.29.

Portfolio Pulse from Erica Kollmann

February 01, 2024 | 3:49 pm

RCL

Royal Caribbean Cruises Ltd (NYSE:RCL) reported mixed Q4 FY23 results with a 27.8% Y/Y sales growth to $3.33 billion, slightly missing estimates, but an adjusted EPS of $1.25 beating expectations. Despite initial gains, RCL shares dropped 0.85% to $126.42. The company saw increased passenger ticket revenues and operating income, with a notable occupancy rate of 105.4%. Looking ahead, Royal Caribbean provided a positive outlook for Q1 and full-year 2024, expecting significant increases in net yields and adjusted EPS above consensus estimates.

Portfolio Pulse from Anusuya Lahiri

February 01, 2024 | 3:38 pm

TM

Toyota Motor North America reported a significant increase in its U.S. sales for January, with a total of 165,753 vehicles sold, marking a 23.3% rise on a volume basis according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 3:36 pm