Streetbeat News

Revenues

GMGI

Golden Matrix's subsidiary, Meridianbet, achieved record-breaking results in August 2024, with a 13% growth in online casino revenue and a 9% increase in online sports betting. Additionally, revenue from the Americas surged 72% above the 2024 monthly average.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 12:03 pm

ALK

ARKF

IPO

Alaska Air Group (NYSE:ALK) has raised its Q3 earnings forecast significantly, projecting adjusted EPS between $2.15 and $2.25, surpassing the analyst consensus of $1.60. This is attributed to strong summer travel demand and lower fuel costs. ALK shares rose 4.33% premarket.

Portfolio Pulse from Nabaparna Bhattacharya

September 12, 2024 | 12:02 pm

KR

Kroger reported a 1.2% increase in identical sales excluding fuel for Q2. This indicates a modest growth in the company's core retail operations.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 12:02 pm

KR

Kroger's Q2 2024 earnings per share (EPS) of $0.93 surpassed analyst expectations of $0.91, despite a year-over-year decrease. However, sales of $33.912 billion fell short of the $34.090 billion estimate, showing a slight increase from last year.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 12:02 pm

FEMY

Femasys (NASDAQ:FEMY) has been analyzed by 4 analysts, showing a range of perspectives from bullish to bearish. The average 12-month price target is $11.75, down from $12.50. Analysts have maintained or lowered their 'Buy' ratings, reflecting changing market conditions. Femasys faces revenue challenges with a -30.9% decline and a net margin of -2115.08%, but maintains a balanced debt approach.

Portfolio Pulse from Benzinga Insights

September 12, 2024 | 12:01 pm

AMT

Analysts have provided mixed ratings for American Tower (NYSE:AMT) with a general trend towards bullishness. Recent price targets have increased, reflecting positive sentiment. American Tower's financials show strong revenue growth, profitability, and asset management, but high debt levels are a concern.

Portfolio Pulse from Benzinga Insights

September 12, 2024 | 12:01 pm

SPG

Over the past three months, analysts have shared varied opinions on Simon Property Group (NYSE:SPG), with most ratings being indifferent. The average 12-month price target has increased by 2.46% to $161.44. SPG has shown strong financial performance with a high net margin and ROE, but concerns arise due to its high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

September 12, 2024 | 12:00 pm

WKSP

Worksport Ltd (NASDAQ:WKSP) reported a significant increase in sales for August 2024, reaching $1.21 million, which boosts their Annual Recurring Revenue to $14.56 million. The company is on track to exceed its 2024 revenue guidance and aims for cash flow positivity by 2025. Worksport's CEO highlights the company's undervaluation and potential for growth, especially with upcoming product lines like AL4, SOLIS, and COR. Despite positive news, WKSP stock closed 3.34% lower at $0.4926.

Portfolio Pulse from Anusuya Lahiri

September 12, 2024 | 12:00 pm

SLP

Simulations Plus (NASDAQ:SLP) has received mixed analyst ratings, with one 'Overweight' and one 'Buy' rating. The average 12-month price target has decreased by 8.04% to $51.5. Despite this, the company shows strong financial performance with a 14.23% revenue growth, a net margin of 16.92%, and a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

September 12, 2024 | 12:00 pm

WKSP

Worksport has reported a significant increase in net sales, reaching approximately $1.22 million for August. The management is focusing on expanding operations to support cash flow positivity.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 12:00 pm