Streetbeat News

Revenues

REXR

Rexford Industrial Realty, Inc. (REXR) announced $81M in recent transactions, including two acquisitions for $69.5M and one disposition for $11.3M, bringing its full year 2023 investments to $1.5B in Southern California. The company acquired properties in Anaheim and South El Monte, with plans for redevelopment into Class A industrial buildings, and sold a fully occupied multi-tenant building in Santa Ana. The transactions were funded through equity settlements, cash, and 1031 proceeds, with a pipeline of $75M in new investments.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 9:21 pm

TPET

Trio Petroleum Corp (NYSE:TPET) announced the restart of the McCool Ranch Oil Field, with production from six previously producing wells. The San Ardo Water Disposal Well WD-1 has been refurbished, and on-site facilities are being tested and repaired. The field, idle since 2015 due to low oil prices, is expected to provide significant cash flow for the company with current oil prices and approved permits. The field has the potential for additional drilling, and the restart is seen as a positive step towards increasing shareholder value.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 9:17 pm

COST

Costco Wholesale Corporation (NASDAQ:COST) reported a 9.9% increase in net sales for December 2023, totaling $26.15 billion, and a 5.9% increase for the seventeen weeks ended December 31, 2023, with sales of $82.86 billion. Comparable sales also saw increases across various regions, with e-commerce showing significant growth. The fiscal calendar shift negatively impacted sales by up to 1%. An extra shopping day in December contributed approximately 3% to the sales growth.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 9:16 pm

ALLO

Allogene Therapeutics announced a refined approach of the 2024 Platform Vision, which includes a streamlined trial footprint and focused pipeline prioritization. This strategy will lead to a planned restructuring of resources in Q1 2024, aimed at reducing cash burn and extending the financial runway into 2026. The company will provide full 2024 guidance in its Q4/YE 2023 quarterly call.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 9:12 pm

KRUS

Kura Sushi USA projects its total sales for 2024 to be between $239 million and $244 million, which is in line with the estimated $240.39 million.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 9:10 pm

SCPH

ScPharmaceuticals projects preliminary FY23 FUROSCIX revenue to be between $13.4M and $13.6M, surpassing the estimated $12.82M.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 9:09 pm

SPWR

Analyst ratings for SunPower (NASDAQ:SPWR) show a mix of opinions, with recent evaluations leading to a decrease in the average 12-month price target from $7.43 to $4.88, a 34.32% drop. Analysts from firms like Mizuho, Goldman Sachs, and Barclays have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. SunPower's financials indicate challenges with a revenue decline of -9.59%, a net margin of -8.68%, and a high debt-to-equity ratio of 0.86, suggesting potential financial strain.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 9:01 pm

ADC

Agree Realty (NYSE:ADC) has received mixed analyst ratings over the past quarter, with 1 bullish, 2 somewhat bullish, and 2 indifferent. The average 12-month price target is now $63.4, down from $70.25, with a high estimate of $67 and a low of $61. Analysts from RBC Capital, Exane BNP Paribas, Mizuho, and Truist Securities have adjusted their price targets and ratings, reflecting changes in market dynamics and company performance. Agree Realty, a real estate investment trust, has shown a positive revenue trend with a 24.3% growth rate and a net margin of 28.92%, but its ROE of 0.8% is below industry averages. Its ROA of 0.53% and a debt-to-equity ratio of 0.44 indicate strong financial health and sound financial structure.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 9:00 pm

PCH

PotlatchDeltic (NASDAQ:PCH) was analyzed by 4 analysts, with all maintaining an 'Indifferent' rating. The average 12-month price target is now $49.25, down from $52.33, indicating a 5.89% decrease. Analysts from Truist Securities and RBC Capital adjusted their price targets, with Truist raising their target to $51.00 from $50.00 and then lowering it to $50.00 from $55.00, while RBC Capital lowered their target to $48.00 from $52.00. PotlatchDeltic is a REIT with segments in timberlands, wood products, and real estate, facing revenue challenges and below-average profitability metrics.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 9:00 pm

JHG

Analysts have provided mixed reviews on Janus Henderson Group (NYSE:JHG) with 3 indifferent and 1 somewhat bearish rating. The 12-month price target average has decreased to $26.07 from $26.90. Analysts from TD Cowen, Deutsche Bank, JP Morgan, and Citigroup have adjusted their price targets and ratings, reflecting market conditions and company performance. Janus Henderson Group, an investment management service provider, has shown a revenue growth of 1.58% as of September 30, 2023, but lags behind industry peers and exhibits lower profitability and efficiency metrics.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 9:00 pm