Streetbeat News

Revenues

DRH

Analysts have mixed views on Diamondrock Hospitality (NYSE:DRH), with recent ratings ranging from bullish to bearish. Over the last quarter, 5 analysts provided ratings, with 2 somewhat bullish, 3 indifferent, and none bearish. The average 12-month price target is $9.7, up 5.78% from the previous $9.17, with a high estimate of $11.00 and a low of $9.00. Analyst actions include ratings and price target adjustments, reflecting market conditions and company performance. Diamondrock Hospitality, a REIT owning lodging properties, shows strong financial metrics with a revenue growth of 3.1%, net margin of 8.98%, ROE of 1.52%, ROA of 0.77%, and a debt-to-equity ratio of 0.79.

Portfolio Pulse from Benzinga Insights

January 10, 2024 | 2:00 pm

ATOM

Atomera has announced an increase in its Q4 2023 revenue forecast to approximately $500,000, up from the previously guided range of $300,000 to $350,000. This new estimate surpasses the earlier analyst estimate of $300,000.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:49 pm

ASPI

ASP Isotopes has provided an update on its operations in Pretoria, South Africa. The company, along with its North American commercial partner RC14, began processing feedstock for enriched Carbon-14 in December 2023. ASP Isotopes anticipates generating revenue and cash flow from this product in the first half of 2024. Additionally, the company has started building its third isotope enrichment facility, which will produce Ytterbium-176 and is expected to begin operations in 2025.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:41 pm

LQR

LQR House has received a $1 million purchase order for SWOL Tequila from Cannon Estate Winery. Cannon Estate is developing a high-end lounge in the Fraser Valley, where SWOL will be the featured tequila. The winery plans to use its established relationships with distributors and retail outlets to expand SWOL's presence across Canada, despite the challenges posed by the government-regulated alcohol market. This deal is seen as the beginning of a strategic expansion for SWOL Tequila.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:38 pm

TMST

TimkenSteel (NYSE:TMST) has announced it will change its name to Metallus Inc. and trade under the new ticker symbol 'MTUS' starting February 27, 2024. The rebranding reflects the company's legacy in steel production and its vision for the future, emphasizing profitable growth and leadership in high-performance metals. A new company website will also be launched in conjunction with the name change.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:34 pm

AMZN

DIS

NFLX

Netflix, Inc's (NASDAQ:NFLX) India operations saw a 24% revenue increase in FY23, reaching roughly $266.67 million, with net profit jumping 75% to about $4.21 million. Despite reduced subscription rates and increased user engagement, Netflix faces tough competition in India, holding a 4% market share against Disney+Hotstar's 33% and Amazon Prime Video's 12%. Netflix has partnered with Jio Platforms to integrate its service with Jio's prepaid plans, adapting to the Indian market's preference for pay-as-you-go models.

Portfolio Pulse from Anusuya Lahiri

January 10, 2024 | 1:34 pm

BTBT

NVDA

SMCI

Bit Digital has expanded a customer contract for its AI division, now worth over $50M in annual revenue for 2,048 GPUs. To meet this demand, the company ordered 64 servers from Super Micro Computer, Inc., containing Nvidia HGX H100 GPUs, to be delivered by January 2024 and deployed in Iceland. Additionally, Bit Digital has entered a sale-leaseback agreement for 96 AI servers to finance this growth.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:33 pm

USAU

U.S. Gold Corp. (NASDAQ:USAU) released a CEO update highlighting recent and upcoming milestones for 2024, focusing on the advancement of its CK Gold Project and exploration assets. The company anticipates permit approval and a finalized feasibility study for the CK Gold Project in H1 2024, with the project becoming shovel ready in H2 2024. The update emphasizes robust economics from copper and gold sales, potential environmental benefits, and contributions to Wyoming's economy. Additionally, U.S. Gold Corp. sees value in its exploration assets in Nevada and Idaho and expects to improve its valuation from a currently low share price, with $4.0 million in treasury.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:24 pm

NVDA

Nvidia Corp. (NASDAQ:NVDA) stock continues its rally, closing at record highs for a second consecutive session and rising 1.13% in premarket trading to $537.38. Analysts maintain a 'buy' rating on the stock, with a consensus price target of $662.39, indicating a potential 25% upside. Factors contributing to Nvidia's performance include its best-in-class products, strong management, and low headline risk. The company's growth is also supported by its AI technology and expected year-over-year revenue growth of 230% for the December quarter. Despite concerns over the U.S.-China chip ban, Nvidia is expanding its data center presence in India and remains a key player in the AI revolution.

Portfolio Pulse from Shanthi Rexaline

January 10, 2024 | 1:19 pm

BECN

Beacon Roofing Supply (BECN) anticipates low single-digit top line growth in 2024, driven by its Ambition 2025 initiatives, price carryover, and additional selling days, despite potential weather-related demand normalization and a slowdown in certain construction starts. Stable gross margins are expected, with Adjusted EBITDA also projected to grow by low single digits compared to 2023. The company plans to continue its Ambition 2025 strategy, including acquisitions, digital expansion, and productivity improvements, with capital expenditures similar to 2023 levels. Final guidance will be refined after assessing Q4 earnings and macroeconomic conditions.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:18 pm