Logistics Dev Gr Stock (OTC:ESLGF), Trade Ideas

Logistics Development Group PLC is a logistics and supply chain company in the UK. The company provides transport, warehousing, rail, and freight logistics services to a range of UK and international customers.

LOGISTICS DEVELOPMENT GRP by Logistics Development Group plc

Logistics Development Group PLC

International Business Machines Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) reported first-quarter financial results after the market close on Wednesday. Here&#8217;s a look at the <a href="https://www.benzinga.com/pressreleases/24/04/n38415368/ibm-releases-first-quarter-results">key metrics from the quarter</a>.
Q1 Earnings: IBM&#8217;s first-quarter revenue increased 1% year-over-year to $14.46 billion, which missed the <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">consensus estimate</a> of $14.55 billion, according to <a href="https://benzinga.grsm.io/gxjhpowx7zks" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>. The company reported quarterly adjusted earnings of $1.68 per share, which beat analyst estimates of $1.60 per share.
Software revenue was up 5% year-over-year, consulting revenue was flat and infrastructure revenue was down 1%. 
Cash flow from operations totaled $4.2 billion in the quarter. Free cash flow came in at $1.9 billion. IBM ended the quarter with $19.3 billion in cash and marketable securities, up $5.8 billion from year-end 2023.
&#8220;We began the year with solid revenue and free cash flow growth, reflecting the strength of our hybrid cloud and AI strategy. We continue to capitalize on the excitement and demand for enterprise AI from our clients,&#8221; said Arvind Krishna, chairman and CEO of IBM.
&#8220;Our book of business for watsonx and generative AI again showed strong momentum, growing quarter over quarter, and has now eclipsed one billion dollars since we launched watsonx in mid-2023. As a result, for the full year, we continue to expect revenue performance in line with our mid-single digit model and about $12 billion in free cash flow.&#8221; 
Outlook: IBM expects full-year constant currency revenue growth in the mid-single digit range. The company also reiterated expectations for generating $12 billion in free cash flow in 2024.
In a separate press release, IBM announced that it <a href="https://www.benzinga.com/pressreleases/24/04/n38415334/ibm-to-acquire-hashicorp-inc-creating-a-comprehensive-end-to-end-hybrid-cloud-platform">entered into a definitive agreement</a> to acquire HashiCorp Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCP#NASDAQ">HCP</a>) for $35 per share in cash, representing an enterprise value of $6.4 billion.
The boards of directors of IBM and HashiCorp have both approved the transaction. The acquisition is subject to approval by HashiCorp shareholders. The transaction is expected to close by the end of 2024.
Management will hold a conference call to discuss its quarterly results at 5 p.m. ET.
Check This Out: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38413441/visa-delivers-solid-earnings-beat-6-analysts-provide-key-takeaways-blame-easter-for">Visa Delivers &#8216;Solid&#8217; Earnings Beat, 6 Analysts Provide Key Takeaways: &#8216;Blame Easter For Softer Trends&#8217;</a>
IBM Price Action: <a href="https://www.benzinga.com/quote/IBM" target="_blank" rel="noreferrer noopener">IBM shares</a> were down 4.14% after hours at $176.40 at the time of publication, according to <a href="https://benzinga.grsm.io/gxjhpowx7zks" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
Photo: Shutterstock.

Earnings

News

Movers

IBM Q1 Earnings: Revenue Miss, EPS Beat, HashiCorp Acquisition, AI Strategy Strength And More

Waste Connections (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WCN#NYSE">WCN</a>) reported quarterly earnings of $1.04 per share which beat the analyst consensus estimate of $1.00 by 4 percent. This is a 16.85 percent increase over earnings of $0.89 per share from the same period last year. The company reported quarterly sales of $2.073 billion which beat the analyst consensus estimate of $2.053 billion by 1.00 percent. This is a 9.05 percent increase over sales of $1.901 billion the same period last year.

Earnings Beats

Waste Connections Q1 2024 Adj EPS $1.04 Beats $1.00 Estimate, Sales $2.073B Beat $2.053B Estimate

Community Health Sys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CYH#NYSE">CYH</a>) reported Adj quarterly losses of $(0.14) per share which beat the analyst consensus estimate of $(0.16) by 12.5 percent. The company reported quarterly sales of $3.140 billion which beat the analyst consensus estimate of $3.093 billion by 1.51 percent. This is a 1.03 percent increase over sales of $3.108 billion the same period last year.

Community Health Sys Q1 2024 Adj EPS $(0.14) Beats $(0.16) Estimate, Sales $3.140B Beat $3.093B Estimate

Guidance for 2024 As of April 24, 2024, Tyler Technologies is providing the following guidance for the full year 2024:&nbsp;
• Total revenues are expected to be in the range of $2.110 billion to $2.140 billion.&nbsp;
• GAAP diluted earnings per share are expected to be in the range of $5.27 to $5.47.&nbsp;
• Non-GAAP diluted earnings per share are expected to be in the range of $9.10 to $9.30.&nbsp;
• Free cash flow margin is expected to be in the range of 17% to 19%.&nbsp;
• Research and development expense is expected to be in the range of $125 million to $130 million.&nbsp;
• Capital expenditures are expected to be in the range of $48 million to $50 million, including approximately $30 million of capitalized software development costs.

Guidance

Tyler Technologies Sees FY24 EPS $9.10-$9.30 Vs $9.02	 Est.; Revenue $2.11B-$2.14B Vs 2.12B Est.

United Rentals Sees FY24 Revenue $14.950B-$15.450B Vs $15.036B Est.

CACI

CACI Raises FY24 Adj. EPS Guidance From $19.91-$20.58 To $20.13-$20.58 vs $20.31 Est., Raises Revenue Guidance From $7.3B-$7.5B To $7.5B-$7.6B vs $7.4B Est.

Western Union (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WU#NYSE">WU</a>) reported quarterly earnings of $0.45 per share which beat the analyst consensus estimate of $0.41 by 9.76 percent. The company reported quarterly sales of $1.05 billion which beat the analyst consensus estimate of $1.01 billion by 3.90 percent. This is a 1.16 percent increase over sales of $1.04 billion the same period last year.

Western Union Q1 2024 Adj EPS $0.45 Beats $0.41 Estimate, Sales $1.05B Beat $1.01B Estimate

Plexus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLXS#NASDAQ">PLXS</a>) reported quarterly Adj earnings of $0.58 per share which missed the analyst consensus estimate of $0.87 by 33.33 percent. The company reported quarterly sales of $967.000 million which beat the analyst consensus estimate of $950.832 million by 1.70 percent. This is a 9.71 percent decrease over sales of $1.071 billion the same period last year.

PLXS

Plexus Q2 2024 Adj EPS $0.58 Misses $0.87 Estimate, Sales $967.000M Beat $950.832M Estimate

Tyler Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TYL#NYSE">TYL</a>) reported quarterly earnings of $2.20 per share which beat the analyst consensus estimate of $2.04 by 7.84 percent. This is a 25 percent increase over earnings of $1.76 per share from the same period last year. The company reported quarterly sales of $512.36 million which beat the analyst consensus estimate of $507.15 million by 1.03 percent. This is a 8.58 percent increase over sales of $471.85 million the same period last year.

Tyler Technologies Q1 EPS $2.20 Beats $2.04 Estimate, Sales $512.36M Beat $507.15M Estimate

Chemed (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHE#NYSE">CHE</a>) reported quarterly earnings of $5.20 per share which missed the analyst consensus estimate of $5.48 by 5.11 percent. This is a 7.88 percent increase over earnings of $4.82 per share from the same period last year. The company reported quarterly sales of $589.23 million which missed the analyst consensus estimate of $591.46 million by 0.38 percent. This is a 5.19 percent increase over sales of $560.16 million the same period last year.

Earnings Misses

Chemed Q1 Adj $5.20 Misses $5.48 Estimate, Sales $589.23M Miss $591.46M Estimate

ServiceNow Sees Q2 2024 Adj. Subscription Revenue Growth 22%

WIIM

GOOG

GOOGL

Alphabet shares are trading lower in sympathy with Meta Platforms, which reported Q1 financial results.

Encompass Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EHC#NYSE">EHC</a>) reported quarterly earnings of $1.12 per share which beat the analyst consensus estimate of $0.94 by 19.15 percent. The company reported quarterly sales of $1.316 billion which beat the analyst consensus estimate of $1.273 billion by 3.39 percent. This is a 13.45 percent increase over sales of $1.160 billion the same period last year.

Encompass Health Q1 2024 Adj EPS $1.12 Beats $0.94 Estimate, Sales $1.316B Beat $1.273B Estimate

Impinj (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PI#NASDAQ">PI</a>) reported quarterly earnings of $0.21 per share which beat the analyst consensus estimate of $0.11 by 90.91 percent. This is a 30 percent decrease over earnings of $0.30 per share from the same period last year. The company reported quarterly sales of $76.83 million which beat the analyst consensus estimate of $73.57 million by 4.42 percent. This is a 10.56 percent decrease over sales of $85.90 million the same period last year.

Impinj Q1 Adj $0.21 Beats $0.11 Estimate, Sales $76.83M Beat $73.57M Estimate

CHDN

Churchill Downs shares are trading higher after the company reported better-than-expected Q1 financial results.

Goosehead Insurance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSHD#NASDAQ">GSHD</a>) reported quarterly earnings of $0.28 per share which beat the analyst consensus estimate of $0.21 by 33.33 percent. This is a 64.71 percent increase over earnings of $0.17 per share from the same period last year. The company reported quarterly sales of $64.460 million which missed the analyst consensus estimate of $65.299 million by 1.29 percent. This is a 11.22 percent increase over sales of $57.955 million the same period last year.

GSHD

Goosehead Insurance Q1 2024 Adj EPS $0.28 Beats $0.21 Estimate, Sales $64.460M Miss $65.299M Estimate

Helmerich &amp; Payne (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HP#NYSE">HP</a>) reported quarterly earnings of $0.84 per share which missed the analyst consensus estimate of $0.85 by 1.18 percent. The company reported quarterly sales of $687.943 million which beat the analyst consensus estimate of $680.677 million by 1.07 percent. This is a 10.57 percent decrease over sales of $769.222 million the same period last year.

Helmerich & Payne Q2 2024 Adj EPS $0.84 Misses $0.85 Estimate, Sales $687.943M Beat $680.677M Estimate

First Interstate BancSys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIBK#NASDAQ">FIBK</a>) reported quarterly earnings of $0.57 per share which beat the analyst consensus estimate of $0.49 by 16.33 percent.

FIBK

First Interstate BancSys Q1 2024 GAAP EPS $0.57 Beats $0.49 Estimate

Universal Health Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UHS#NYSE">UHS</a>) reported quarterly earnings of $3.70 per share which beat the analyst consensus estimate of $3.16 by 17.09 percent. The company reported quarterly sales of $3.844 billion which beat the analyst consensus estimate of $3.775 billion by 1.84 percent. This is a 10.84 percent increase over sales of $3.468 billion the same period last year.