Streetbeat News

Revenues

EQR

Equity Residential's stock is trading higher after the company reported higher than expected revenue for the fourth quarter.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 5:20 pm

SBUX

Starbucks Corp (NASDAQ:SBUX) shares fell after reporting Q1 results below expectations, with concerns over China sales and boycott effects. Analysts from Wedbush, Stephens, TD Cowen, William Blair, and KeyBanc Capital Markets provided mixed outlooks, maintaining various ratings and price targets. The company's guidance for the full year remains unchanged despite lower U.S. and China comps, but analysts are skeptical due to the weak Q1 performance and soft January sales.

Portfolio Pulse from Priya Nigam

January 31, 2024 | 5:16 pm

EAT

Brinker International, Inc. (NYSE:EAT) shares rose after the company reported Q2 revenues of $1.074 billion, slightly below consensus, but an adjusted EPS of $0.99, beating estimates. The growth was attributed to effective marketing, pricing strategies, and improved guest traffic. Comparable restaurant sales increased 5.2%, with Chili’s at 5.0% and Maggiano’s at 6.7%. Operating income margin was up to 5.8%, and adjusted restaurant operating margin to 13.1%. Brinker also raised its FY24 adjusted EPS outlook to $3.45 – $3.70 and revised revenue guidance to $4.30 billion-$4.35 billion. EAT shares jumped 8.88% to $44.31.

Portfolio Pulse from Nabaparna Bhattacharya

January 31, 2024 | 5:15 pm

T

Analysts have updated their ratings and price targets for AT&T (NYSE:T), with an average 12-month price target of $21.25, up from the previous $19.00. The ratings range from 'Equal-Weight' to 'Buy', with recent upgrades from Barclays, Deutsche Bank, Oppenheimer, and Wells Fargo. AT&T's financials show strong market position, revenue growth, profitability, and efficient use of assets. The company's wireless business is a major revenue contributor, and it holds a 70% stake in DirecTV.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 5:00 pm

ELS

Equity Lifestyle Props (NYSE:ELS) has been rated by 4 analysts over the last three months, with all maintaining an 'Indifferent' stance. The 12-month price target average has slightly decreased to $71.25. Analysts Brad Heffern of RBC Capital and Anthony Hau of Truist Securities have made recent adjustments to their price targets. ELS is a residential REIT with a strong market presence, impressive revenue growth, and high net margin, but faces challenges with a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 5:00 pm

PCH

Analysts have maintained a neutral stance on PotlatchDeltic (NASDAQ:PCH) with three indifferent ratings over the past quarter. The average 12-month price target is $49.00, down from $50.00, with a high estimate of $51.00 and a low of $48.00. PotlatchDeltic, a REIT managing forestland and producing wood products, faces revenue challenges with a -13.43% decline and has below-average profitability indicators such as ROE and ROA. However, its lower debt-to-equity ratio is a positive sign.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 5:00 pm

EXTR

Extreme Networks, Inc. (EXTR) reported a 6.9% year-over-year decline in Q2 FY24 revenue, with a disappointing outlook for Q3 and Q4. Despite beating revenue consensus, product revenue fell and adjusted EPS missed estimates. The company also repurchased shares but expects lower future revenues and a negative adjusted EPS in Q3, with a recovery anticipated in Q4.

Portfolio Pulse from Nabaparna Bhattacharya

January 31, 2024 | 4:26 pm

BTCUSD

ETHUSD

FTX, a cryptocurrency exchange, has indicated during a court hearing that it expects to pay its crypto customers in full as part of its bankruptcy liquidation process, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 4:06 pm

OSK

Oshkosh (NYSE:OSK) has been evaluated by 4 analysts over the last three months, with mixed opinions ranging from bullish to indifferent. The average 12-month price target for OSK is now $116.5, up 1.6% from the previous $114.67. Analysts from Wells Fargo, Morgan Stanley, Stifel, and Evercore ISI Group have provided recent updates, with price target adjustments reflecting a positive outlook. Oshkosh, a leading manufacturer of access equipment, specialty vehicles, and military trucks, has shown strong revenue growth and net margin but below-average ROE. The company's debt-to-equity ratio is healthy at 0.31.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 4:00 pm

SYK

Stryker (NYSE:SYK) has received mixed analyst ratings over the last three months, with a recent positive shift in the 12-month price target to an average of $331.38, up 9.85% from the previous target. Analysts from firms like Canaccord Genuity, Wells Fargo, and RBC Capital have raised their price targets, reflecting a response to market dynamics and company performance. Stryker is a major player in medical equipment and has shown strong revenue growth and net margin, but its ROE is below industry standards. The company's financial health is solid, with a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 4:00 pm