Streetbeat News

Revenues

T

VZ

AT&T Inc (NYSE:T) reported Q4 2023 operating revenues of $32.02 billion, surpassing consensus estimates but with an adjusted EPS of $0.54, missing the expected $0.56. The company saw growth in Mobility, Mexico, and Consumer Wireline revenues, but a decline in Business Wireline revenues. AT&T's adjusted EBITDA increased, and it generated $6.4 billion in free cash flow. The company provided FY24 outlook with lower than consensus adjusted EPS expectations, projecting growth in wireless service and broadband revenues. AT&T shares dropped 2.73% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

January 24, 2024 | 2:18 pm

HWH

HWH International Inc. (NASDAQ:HWH) provided an update on its business operations since becoming a public company. The update highlighted the stability and growth of its food and beverage division, particularly the Hapi Cafe brand, with outlets across Asia. HWH plans to expand its presence, launch membership sales with exclusive benefits, and seek collaborations for nutritious meal prep services. The Executive Chairman, Mr. Chan Heng Fai, expressed excitement for the future and upcoming promotions and events.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 2:11 pm

MNY

MoneyHero Group Singapore reported a significant increase in revenue, with a jump of over 100% to $6.3 million in Q4. Additionally, the company saw a surge in approved applications, which rose by over 80%.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 2:10 pm

BBY

Best Buy Co (NYSE:BBY) was analyzed by 10 analysts, showing a consensus towards an 'Indifferent' rating with 9 out of 10 analysts giving such a rating in the last 30 days. The average 12-month price target is $73.8, down from $77.78, with a high estimate of $89.00 and a low of $65.00. Recent analyst actions include both raised and lowered price targets and ratings, reflecting mixed perceptions of Best Buy's current state. Best Buy reported $46.3 billion in fiscal 2023 sales and has seen a revenue decline of -7.85% as of October 31, 2023. The company's financial health is strong with a net margin of 2.7%, ROE of 9.31%, and ROA of 1.63%, and a debt-to-equity ratio of 1.43.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 2:00 pm

VZ

Verizon Communications (NYSE:VZ) has been the subject of diverse analyst opinions, with 9 analysts offering ratings ranging from bullish to bearish over the last three months. The average 12-month price target is $44.44, with a recent decrease of 1.68%. Analysts have adjusted their ratings and price targets, with some raising their targets and one lowering. Verizon's financials show a revenue decline of -2.64% for the quarter ending September 30, 2023, but strong net margin and ROE figures. The company's market cap is above industry average, indicating investor confidence.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 2:00 pm

DECK

Deckers Outdoor (NYSE:DECK) has been evaluated by 11 analysts in the past three months, with mixed sentiments. The average 12-month price target for DECK has risen 10.86% to $706.27. Analysts from firms including Piper Sandler, Wells Fargo, and Stifel have raised their price targets, reflecting positive views on the company's performance. Deckers Outdoor, known for brands like UGG and Teva, has shown strong financials with a 24.7% revenue growth rate, a net margin of 16.35%, and an ROE of 9.93%. The company's market capitalization is below the industry average, and it has a conservative debt-to-equity ratio of 0.14.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 2:00 pm

APA

In the last three months, 13 analysts have published diverse ratings on APA Corp (NASDAQ:APA), with an average 12-month price target of $44.08, down from $50.36. Analysts' actions include lowering and raising price targets and maintaining ratings. APA's financials show a revenue decline of -20.06% over 3 months, a high net margin of 19.89%, an ROE of 51.37%, and an ROA of 3.43%, but a high debt-to-equity ratio of 5.28.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 2:00 pm

EWBC

East West Bancorp (NASDAQ:EWBC) received mixed ratings from 7 analysts, with an average 12-month price target of $73.71, up from the previous $60.60. Analysts from Wedbush, Truist Securities, Morgan Stanley, Citigroup, and UBS have provided updates, with several raising their price targets. The company, a commercial bank with U.S. and China operations, has seen revenue growth of 2.47% and a high net margin of 45.24%. However, its debt-to-equity ratio of 0.72 indicates higher debt levels.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 2:00 pm

CCL

CUK

Holland America Line, a division of Carnival Corp, set a new single-day sales record on January 16, 2024, surpassing the previous record by 18%. This achievement occurred during the cruise industry's high booking 'wave' season. A significant portion of the bookings were for Alaska cruises, and many reservations were made for 2025 or later. The record bookings coincide with Holland America's 'Time of Your Life' sale, offering various incentives to customers, including a free stateroom upgrade and onboard credit.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 1:56 pm

NFLX

Netflix Inc (NASDAQ:NFLX) stock is rising after reporting Q4 financial results. Revenue increased 12.5% YoY to $8.83 billion, surpassing estimates of $8.72 billion. Earnings per share were $2.11, missing the $2.21 estimate. Paid net adds were 13.12 million, with total subscribers at 260.28 million, a 12.8% increase YoY. Netflix plans to expand its ad-supported tier and expects Q1 revenue of $9.24 billion and earnings of $4.49 per share, with a full-year 2024 operating margin target of 24%. Keybanc and Wedbush raised their price targets, while Deutsche Bank downgraded the stock but increased its price target.

Portfolio Pulse from Adam Eckert

January 24, 2024 | 1:51 pm