Streetbeat News

Revenues

ONEW

OneWater Marine anticipates an increase in FY24 dealership same-store sales in the low to mid-single digits range. The company also projects its adjusted EBITDA to be between $130M and $155M, with earnings per diluted share expected to range from $3.25 to $3.75.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 12:13 pm

LASE

Laser Photonics announced receiving an order for its MarkStar 20-MSH-Pro Laser Marking System from Liberty Utilities. This order could indicate growing demand for Laser Photonics' products, potentially impacting its financial performance positively.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 12:12 pm

BR

Broadridge Financial Solutions (BR) has reaffirmed its fiscal year 2024 financial guidance, maintaining its projections for recurring revenue growth of 6%-9% YoY, adjusted operating income margin of around 20%, and adjusted EPS growth of 8%-12% YoY versus an estimated $7.73. The company also expects closed sales to be between $280M and $320M, with no changes to its previous forecasts.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 12:10 pm

PBI

Pitney Bowes forecasts its FY24 revenue to be flat or experience a low-single digit decline, with EBIT margins expected to stay relatively unchanged year-over-year.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 12:07 pm

ALGM

Allegro MicroSystems projects Q4 net sales of $230M-$240M, below the $254.75M estimate, and EPS of $0.19-$0.23, under the $0.28 estimate. The company anticipates a gross margin of 53%-54%, operating expenses around 31% of sales.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 12:06 pm

LEE

Lee Enterprises reported a significant increase in its digital-only subscribers, totaling 735,000, marking a 30% year-over-year growth. Additionally, the company's revenue saw a 60% increase year-over-year in Q1 FY24.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 12:06 pm

MO

Altria Group (NYSE:MO) reported Q4 2023 adjusted EPS of $1.18, surpassing the $1.17 estimate. Quarterly sales reached $5.97 billion, exceeding the $5.06 billion estimate by 18.02% and marking a 17.55% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 12:02 pm

MO

Altria Group (NYSE:MO) reported Q4 sales of $5.975B, surpassing the $5.06B estimate, marking an 18.02% beat and a 17.55% increase from the previous year. Revenues net of excise taxes were $5.024B.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 12:01 pm

BSX

Boston Scientific (NYSE:BSX) has received diverse analyst ratings over the last three months, with a total of 10 analysts offering perspectives ranging from bullish to bearish. The recent ratings show an increase in bullish sentiment, with an average 12-month price target set at $64.9, marking a 7.97% increase from the previous average of $60.11. Analysts from firms like Needham, RBC Capital, and Raymond James have adjusted their ratings and price targets, reflecting optimism about the company's future performance. Boston Scientific is known for producing less invasive medical devices, with foreign sales making up nearly half of its total sales. Despite its strong market position and revenue growth, the company faces challenges in ROE and ROA, indicating potential difficulties in efficiently utilizing equity capital and assets.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 12:01 pm

WNC

Wabash anticipates a moderation in its financial performance for 2024 compared to 2023, projecting sales between $2.2B-$2.4B and EPS of $2.00-$2.50, which are below the estimated sales of $2.304B and EPS of $2.74.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 12:01 pm