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Revenues

CCL

Carnival Corp announced during a conference call that nearly two-thirds of their business for 2024 is already booked, and these bookings are at significantly higher prices than previous years.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 3:15 pm

CRSR

EA

HEAR

OTGLY

RBLX

TTWO

UBSFF

Stifel Financial Corp.'s 2024 gaming report suggests a weaker lineup compared to 2023, with potential challenges in sales performance. The report forecasts a decline in consumer spending on new console and PC games, but identifies Take-Two Interactive (TTWO) and Electronic Arts (EA) as favorable prospects. Take-Two's GTA VI is expected to be a growth catalyst, while EA's live services contribute to net bookings. The report is neutral on CD PROJEKT (OTGLY) and Ubisoft (UBSFF), and sees opportunities in Corsair Gaming (CRSR), Turtle Beach (HEAR), and Roblox (RBLX) due to their market segments. The industry's software development costs and developer headcount show positive trends, but their impact may not be immediate.

Portfolio Pulse from Franca Quarneti

December 21, 2023 | 3:11 pm

EXPD

Analysts have provided varying ratings for Expeditors Intl (NYSE:EXPD) over the last quarter, with a recent shift towards a more bearish stance. The average 12-month price target is $99.2, down from $100.60, with a high estimate of $111.00 and a low of $84.00. Expeditors Intl is a non-asset-based logistics provider facing revenue challenges, with a -49.8% decline over 3 months as of September 30, 2023, but it has strong profitability indicators such as a net margin of 7.82% and an ROE of 6.79%.

Portfolio Pulse from Benzinga Insights

December 21, 2023 | 3:00 pm

WBS

Webster Financial Corp (NYSE:WBS) has received varied analyst ratings over the past three months, with a recent upward trend in price targets, now averaging $52.00. The company shows strong revenue growth and net margin, but lags in ROE. It operates primarily in the Northeastern U.S., offering a range of financial services. Analysts from firms like Keefe, Bruyette & Woods and Piper Sandler have raised their price targets, while others from Raymond James and Wells Fargo have lowered theirs.

Portfolio Pulse from Benzinga Insights

December 21, 2023 | 3:00 pm

HUBG

Hub Group (NASDAQ:HUBG) has been the subject of diverse analyst ratings over the past three months, with 7 analysts offering opinions ranging from bullish to bearish. The average 12-month price target for HUBG is $89.14, with a high estimate of $110.00 and a low estimate of $75.00, marking a 7.43% decrease in the average target. Analysts from firms including JP Morgan, Benchmark, Barclays, Susquehanna, and Morgan Stanley have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Hub Group's financials show a -24.39% decline in revenue growth as of September 30, 2023, but strong profitability with a net margin of 2.97% and efficient use of equity and assets, as indicated by ROE of 1.88% and ROA of 1.07%. The company has a low debt-to-equity ratio of 0.34.

Portfolio Pulse from Benzinga Insights

December 21, 2023 | 3:00 pm

BXMT

Muddy Waters Research, a notable short-selling firm, is targeting Blackstone Mortgage Trust Inc. (NYSE:BXMT) for a potential short-sell opportunity in 2024. Blackstone Inc.'s private REIT and BXMT have faced challenges in 2023, with the former limiting shareholder redemptions and the latter struggling with high interest rates and share price volatility. BXMT's focus on commercial real estate financing is risky due to high vacancy rates and potential defaults. Muddy Waters predicts a dividend cut and liquidity crisis for BXMT in 2024, which could lead to significant losses and insolvency risks.

Portfolio Pulse from Eric McConnell

December 21, 2023 | 3:00 pm

LUNA

Luna Innovations has acquired Silixa, expecting to generate approximately $30M in revenue for 2023, which indicates an annual growth of around 15%. The acquisition deal includes an upfront cash payment of $21.5M and up to $16.5M in additional payments contingent on achieving certain milestones by 2025. This acquisition enhances Luna's distributed fiber optic sensing solutions portfolio, opens up new growth markets and applications, and broadens its global presence.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 2:35 pm

TLRY

Tilray Brands, Inc. (NASDAQ:TLRY) has expanded its cannabis portfolio with new edible products from its Chowie Wowie brand, including Soft Caramel and Crunchy Praline chocolates, available across Canada. Additionally, its wellness brand Solei released new cannabis-infused tea blends. The article also mentions past gains from other cannabis stocks and promotes Benzinga PotProfits for cannabis investment insights.

Portfolio Pulse from Jelena Martinovic

December 21, 2023 | 2:25 pm

CCL

Carnival Corp anticipates a 4.6% increase in capacity for Q1 compared to the previous year and expects a 5.4% capacity growth for the full year of 2024 compared to the prior year.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 2:19 pm

CPG

Crescent Point Energy projects its FY24 capital expenditures to be between $1.4B and $1.5B. The company anticipates this program will generate excess cash flow ranging from $750M to $950M.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 2:09 pm