Streetbeat News

Revenues

PFGC

Performance Food Group (NYSE:PFGC) reported Q4 2024 adjusted EPS of $1.45, beating the estimate of $1.37. However, sales of $15.189 billion missed the $15.266 billion estimate. Sales increased by 2.18% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 11:02 am

KMDA

Kamada (NASDAQ:KMDA) reported Q2 2024 earnings per share (EPS) of $0.08, beating the analyst estimate of $0.06 by 33.33%. Sales were $42.47 million, surpassing the $39.70 million estimate by 6.99%. Both EPS and sales showed significant year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 11:01 am

EAT

Brinker International projects FY25 revenues of $4.55B-$4.62B, slightly above the $4.53B estimate. Adjusted EPS is expected to be $4.35-$4.75, below the $4.78 estimate. Capital expenditures are projected to be $195M-$215M.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 10:59 am

RSKD

Riskified has revised its FY24 revenue outlook to $320M-$325M from the previous range of $323M-$335M, which is below the $329.41M estimate. The company also adjusted its EBITDA forecast to $13M-$19M from $12M-$18M.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 10:55 am

EAT

Brinker International (NYSE:EAT) reported Q4 earnings of $1.61 per share, missing the $1.65 estimate but beating the $1.56 consensus. Sales were $1.21B, surpassing the $1.15B estimate. Earnings increased by 15.83% YoY, and sales grew by 12.27% YoY.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 10:54 am

RSKD

Riskified (NYSE:RSKD) reported Q2 2024 adjusted EPS of $0.04, beating the estimate of $0.03 by 33.33%. Sales were $78.730M, surpassing the $78.487M estimate and marking an 8.20% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 10:51 am

PFGC

The purchase price represents an adjusted EBITDA multiple of 9.9x, including $50M of run-rate synergies.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 10:49 am

ALL

IAK

KBWP

Allstate Corporation (NYSE:ALL) has agreed to sell its Employer Voluntary Benefits business to StanCorp Financial Group for $2 billion in cash. The sale is expected to generate a $600 million gain and increase deployable capital by $1.6 billion. However, Allstate's adjusted net income return on equity is projected to decrease by approximately 100 basis points. The deal is anticipated to close in the first half of 2025. Additionally, Allstate and StanCorp will form a product distribution partnership. Allstate's stock has gained over 60% in the last 12 months, and investors can gain exposure via Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) and iShares U.S. Insurance ETF (NYSE:IAK).

Portfolio Pulse from Lekha Gupta

August 14, 2024 | 10:44 am

CAH

Cardinal Health has raised its fiscal year 2025 outlook for adjusted EPS to $7.55-$7.70 from the preliminary outlook of at least $7.50, surpassing the consensus of $7.53. The company provided detailed segment revenue and profit projections, along with other financial metrics including share repurchases and capital expenditures.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 10:38 am

CAH

Cardinal Health reported its Q4 2024 results, with adjusted EPS of $1.84 beating the estimate of $1.73, and sales of $59.867 billion surpassing the expected $58.636 billion.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 10:32 am