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Revenues

AAPL

HNHPF

Foxconn, a key supplier for Apple Inc, anticipates a revenue decline in Q1 due to lower market demand, following a traditionally slower post-holiday season. Despite a year-on-year revenue drop in Q4, results were above expectations. Apple's stock dipped this week amid iPhone demand concerns. Foxconn will release Q4 earnings and update its outlook on March 14.

Portfolio Pulse from Anusuya Lahiri

January 05, 2024 | 5:31 pm

COST

Costco Wholesale Corp (NASDAQ:COST) reported a 9.9% year-on-year increase in December sales to $26.15 billion, with shares up 47% over the past year. The adjusted headline comp of 5.5% exceeded Telsey Advisory Group's target of 2.0%. Analyst Joseph Feldman maintains an Outperform rating on Costco with a $700 price target, citing strong performance, market share leadership, and solid traffic as consumers seek value. Despite potential short-term challenges, Costco is expected to sustain growth with a forecasted slight decline in January sales due to gas and foreign exchange effects.

Portfolio Pulse from Surbhi Jain

January 05, 2024 | 5:27 pm

GBX

Shares of Greenbrier Companies Inc (NYSE:GBX) rose approximately 8% after reporting Q1 FY24 results with revenue of $808.8 million, surpassing the consensus of $849.9 million. The company's lease fleet utilization was at 98%, and the fleet size grew by 700 units. GBX secured orders for 5,100 new railcars valued at $710 million and delivered 5,700 units. The backlog as of Nov. 30, 2023, was 29,700 units worth $3.8 billion. Adjusted EBITDA was $93.2 million with an 11.5% margin, and adjusted EPS of $0.96 missed the consensus of $0.73. Cash and equivalents were $307.3 million, and a dividend of 30 cents per share is payable on Feb. 15, 2024. The FY24 outlook remains positive with expected revenue of $3.40 billion to $3.70 billion and delivery targets of 22,500 to 25,000 units.

Portfolio Pulse from Lekha Gupta

January 05, 2024 | 4:22 pm

KRUS

Kura Sushi USA, Inc. reported positive Q1 financial results and provided sales guidance for FY24, leading to an increase in its stock price.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 4:19 pm

EGLE

Eagle Bulk Shipping (NYSE:EGLE) has received mixed analyst ratings over the past three months, with 2 bullish and 2 indifferent ratings. The average 12-month price target is now $53.3, down from $64.00, indicating a 16.72% decrease. Analysts from Noble Capital Markets, B. Riley Securities, Jefferies, and Stifel have provided recent evaluations, with some maintaining and others lowering their price targets. Eagle Bulk Shipping's financial health shows challenges, with a -55.42% revenue decline, below-average net margin, ROE, and ROA, and a high debt-to-equity ratio of 0.85.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 4:01 pm

DT

Dynatrace (NYSE:DT) has been analyzed by 6 analysts, showing a positive sentiment with 5 bullish and 1 somewhat bullish ratings. The 12-month price targets have an average of $62.5, with a high of $70 and a low of $58, marking a 13.64% increase from the previous average of $55. Analysts have adjusted their ratings and price targets, reflecting their response to recent developments. Dynatrace's financial health indicators show a lower market cap, high revenue growth of 25.91%, exceptional net margin of 10.18%, but lower ROE and ROA compared to industry benchmarks, and a conservative debt-to-equity ratio of 0.04.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 4:01 pm

NCLH

Analysts have provided mixed reviews on Norwegian Cruise Line (NYSE:NCLH) with 9 different ratings over the last three months. The average 12-month price target is now $18.17, down from $20.50, with a high estimate of $32.00 and a low of $13.50. Several analysts have lowered their price targets and ratings, reflecting a cautious outlook on the company's financial performance, which includes strong revenue growth but concerns over net margin, ROA, and high debt levels. Norwegian Cruise Line's ROE is notably high at 152.4%, indicating efficient use of equity capital.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 4:01 pm

ALLY

Ally Financial (NYSE:ALLY) has received mixed analyst ratings over the past quarter, with 9 analysts offering diverse opinions. The average 12-month price target is $33.67, with a recent decrease of 0.47%. Analysts from firms like Barclays, Goldman Sachs, and Morgan Stanley have updated their ratings and price targets, reflecting changes in market conditions and company performance. Ally Financial's market capitalization is below industry average, and it has seen a revenue decline of -1.41% over the past 3 months. The company's net margin is strong at 12.38%, but ROE and ROA are below industry standards. Ally Financial's debt-to-equity ratio is conservative at 2.08.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 4:00 pm

PR

Analyst ratings for Permian Resources (NYSE:PR) show a mix of opinions, with 3 bullish, 1 somewhat bullish, and 4 indifferent ratings. The 12-month price target averages $16.0, up from $15.83, with a high of $18.00 and a low of $14.00. Recent actions by analysts include both lowered and raised price targets and ratings. Permian Resources is an independent oil and natural gas company with a market cap below industry benchmarks, a revenue growth of 37.97%, but lagging net margin, ROE, and ROA. The company has a lower-than-average debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 4:00 pm

CHDN

Churchill Downs (NASDAQ:CHDN) has been analyzed by 6 analysts, showing a shift from bullish to indifferent sentiment over the last three months. The average 12-month price target is now $142.17, down from $149.33. Analysts from Wells Fargo, Truist Securities, Susquehanna, JMP Securities, and Capital One have provided various ratings and price target adjustments. Churchill Downs operates in gaming, online wagering, and racing, with strong financials including a 49.44% revenue growth rate, a net margin of 10.66%, and an ROE of 7.0%, but a high debt-to-equity ratio of 5.31.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 4:00 pm