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GES

Guess?, Inc. (NYSE:GES) reported Q4 earnings of $2.01 per share, surpassing estimates of $1.56, with sales of $891.05 million beating estimates of $855.54 million. The company announced a special cash dividend of $2.25 per share and expects Q1 revenue to grow 1-2%. Fiscal year 2025 revenue is projected to increase 11.5-13.5%, with earnings of $2.56-$3.00 per share. CEO Carlos Alberini highlighted the integration of rag & bone and the launch of Guess Jeans targeting Generation Z.

Portfolio Pulse from Erica Kollmann

March 20, 2024 | 8:43 pm

KBH

KB Home (NYSE:KBH) reported Q1 financial results with revenue of $1.47 billion and EPS of $1.76, both exceeding estimates. The company saw a 55% increase in net orders and a 58% increase in net order value. Despite a slight decrease in average selling price, inventories rose by 2% year-over-year. KB Home repurchased $50 million of its stock and ended the quarter with $1.75 billion in liquidity. The company anticipates full-year 2024 housing revenues between $6.5 billion and $6.9 billion, with average selling prices ranging from $480,000 to $490,000.

Portfolio Pulse from Adam Eckert

March 20, 2024 | 8:41 pm

CAAP

Corporacion America (NYSE:CAAP) reported Q4 earnings with an EPS of $0.81, surpassing estimates by 170% but with a revenue decrease of $21.40 million from the previous year. The company had previously missed EPS estimates last quarter, leading to a 5% share price drop the following day.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 8:40 pm

SCS

Steelcase reported mixed Q4 financial results and provided Q1 revenue guidance that fell below market expectations, leading to a decline in its share price.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 8:39 pm

AR

EQT

ETRN

JPMorgan analyst Arun Jayaram adjusted ratings for two natural gas stocks, upgrading Antero Resources (AR) to Overweight with a price target of $30, citing its low gas price breakeven and nearly unhedged position in 2024+. EQT Corp (EQT) was downgraded to Neutral with a price target of $37, following its $5.4 billion merger with Equitrans Midstream (ETRN), which includes assuming $7.5 billion of debt. This merger is seen as a move to lower EQT's cost structure amid expected volatility but may delay shareholder returns due to the debt target.

Portfolio Pulse from Priya Nigam

March 20, 2024 | 8:36 pm

BREZ

Breeze Holdings Acquisition Corp. has received approval from the Nasdaq Panel to continue its listing on the exchange. This approval is contingent on the company completing its initial business combination by May 28, 2024. This development is crucial for Breeze Holdings as it seeks to finalize a significant business combination within the given timeframe.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 8:35 pm

EPAC

Enerpac Tool Group (NYSE:EPAC) reported its Q2 earnings, missing estimated earnings by 0.0% with an EPS of $0.36, and a revenue decrease of $3.52 million from the previous year. Last quarter, the company beat EPS estimates which led to a 2.0% share price increase the following day.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 8:35 pm

CHWY

Chewy Inc (NYSE:CHWY) reported Q4 net sales of $2.83 billion, a 4.2% increase year-over-year, surpassing the consensus estimate of $2.79 billion. Adjusted EPS was 18 cents, beating the expected loss of 4 cents per share. Full-year sales were $11.15 billion, up 10.2%. CEO Sumit Singh highlighted market share gains, margin expansion, and accelerated free cash flow. For Q1, revenue is expected between $2.84 billion and $2.86 billion, with fiscal 2024 projections of $11.6 to $11.8 billion, above consensus estimates of $11.12 billion. After the announcement, CHWY shares rose 6% in after-hours trading.

Portfolio Pulse from Chris Katje

March 20, 2024 | 8:33 pm

CAAP

Corporacion America (NYSE:CAAP) reported Q4 earnings of $0.81 per share, surpassing the $0.29 estimate, marking a 912.5% increase from last year. However, its Q4 sales of $365M fell short of the $431.1M estimate, a 5.54% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 8:33 pm

PG

Deep-pocketed investors have shown a bearish trend towards Procter & Gamble (NYSE:PG), with options activity indicating a divided sentiment but leaning more towards bearish with 66% against 33% bullish. Notable options activity includes both puts and calls with a target price range from $155.0 to $175.0. Procter & Gamble, a leading consumer product manufacturer, has seen its stock price slightly increase by 0.1%, reaching $161.99. Market experts have mixed opinions, with a consensus target price of $171.5.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 8:31 pm