Streetbeat News

Revenues

PLNT

Planet Fitness has increased its revenue growth outlook for FY23 from 12% to 14%.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 11:36 am

FOR

Forestar Group Inc. expects to deliver between 14,500 and 15,500 lots in fiscal year 2024, generating revenue of $1.4 billion to $1.5 billion. This is slightly below the consensus estimate of $1.51 billion. The company plans to leverage its strong balance sheet and ample liquidity to invest in land development opportunities, aiming to gain significant market share in the coming years.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 11:35 am

DHI

D.R. Horton has projected its FY24 consolidated revenues to be around $36B-$37B, which is in line with the consensus estimate of $36.20B.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 11:34 am

DHI

D.R. Horton reported Q4 home sales revenues of $8.8B on 22,928 homes closed. The company also saw a 39% increase in net sales orders to 18,939 homes and a 34% increase in value to $7.3B.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 11:32 am

INFU

InfuSystem has increased its FY23 net revenue growth guidance from above 10% to above 11%.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 11:32 am

IREN

Iris Energy Limited (NASDAQ:IREN) reported $11.2M in mining revenue for October 2023, with a revenue per Bitcoin of $29,673. The company, which operates Bitcoin mining data centers powered by 100% renewable energy, also reported an average operating hashrate of 5,571 PH/s and mined 376 Bitcoins during the month.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 11:26 am

MPLN

MultiPlan Corporation has increased its FY23 revenue guidance to $960M-$970M, up from the previous estimate of $950M-$980M. The company also expects its adjusted EBITDA to be between $615M-$625M, slightly lower than the previous range of $615M-$635M.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 11:17 am

GEO

GEO Group has lowered its Q4 2023 revenue outlook from $595M-$610M to $590M-$600M due to updated expectations regarding the U.S. Department of Homeland Security's Intensive Supervision and Appearance Program (ISAP). The company now assumes a flat to slightly down ISAP participant count for the rest of the year due to budgetary pressures faced by U.S. Immigration and Customs Enforcement (ICE) and uncertainty over the passage of federal appropriations bills for fiscal year 2024.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 11:11 am

ENOV

Enovis has updated its FY23 revenue growth forecast, now expecting an organic growth of 7.4-7.6% year-over-year, up from the previous expectations of 7-7.5% growth.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 11:10 am

SNCE

Science 37 has revised its revenue guidance for the year, now expecting to generate between $58M-$59M. This is a decrease from the previous estimate of approximately $60M, and also falls short of the consensus estimate of $60.01M.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 11:07 am