Five Point Holdings (NYSE:FPH) Stock

Five Point Holdings

Five Point Holdings LLC is an owner and developer of mixed-use, master-planned communities in California. It is engaged in developing new communities that, in addition to homesites, include commercial, retail, educational and recreational elements, as well as civic areas, parks, and open spaces. Its four reportable segments are Valencia, San Francisco, Great Park, and Commercial. It derives the majority of revenue from the Great Park segment which includes Great Park Neighborhoods being developed adjacent to and around the Orange County Great Park, a metropolitan park under construction in Orange County, California.

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Five Point Holdings (FPH) witnesses a meteoric 11% stock surge post-reporting Q4 FY23 results. Led by substantial land sales, the company&#39;s $118.8 million revenues, notably from Valencia and Great Park Venture, showcase a formidable performance. CEO Dan Hedigan highlights a resilient strategy in navigating economic challenges and a housing shortage.

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Five Point Holdings, LLC Class A Common Shares

Five Point Holdings LLC

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BMRN

BioMarin Pharma shares are trading higher after the company reported better-than-expected Q4 financial results.

Reliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RS#NYSE">RS</a>) is looking for Q1 Adj EPS of $3.30-$3.50 vs $3.71 analyst estimate..

Guidance

Reliance Sees Q1 Adj EPS $3.30-$3.50 vs $3.71 Est

Celanese Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CE#NYSE">CE</a>) shares traded lower on Wednesday after the company 2024 fiscal-year fourth-quarter earnings on Tuesday <a href="http://v">after the market closed</a>.
The Details: Celanese reported adjusted earnings per share of $1.45, beating analysts&#8217; estimate of $1.20. In addition, the company reported sales of $2.37 billion, which came inline with analysts&#8217; estimate.
The company broke down its sales further. It reported $1.28 billion in sales from engineered materials, $1.11 billion in sales from acetyl chain and a $21 million reduction from intersegment eliminations. Furthermore, Celanese reported adjusted EBIT of $156 million.
&#8220;The&nbsp;fourth quarter&nbsp;results developed largely as we expected, despite further demand deterioration that gave no sign of easing. With little indication of near-term recovery, it is our job to drive productivity and earnings growth at Celanese even if fundamental demand remains flat or declines further&#8221;, said Scott Richardson, president and CEO.
&#8220;As we move forward, we are focused on three strategic priorities: intensifying cost reduction, driving growth through our AC optionality model and EM pipeline model, and increasing cash flow to deleverage the balance sheet. We continue to take actions to reduce costs and accelerate growth, and we expect to take additional actions to deliver on our priorities based on evolving business conditions.&#8221;
The company issued guidance for the 2025 fiscal-year first-quarter. It sees earnings per share from 25 cents to 50 cents, versus analysts&#8217; estimate of $1.63. Celanese expects its 2025 second-quarter earnings per share to be about $1 higher than in the first quarter.
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CE Price Action: Celanese shares closed 21.4% lower at $54.91 on Wednesday, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro.</a>
Image: This illustration was generated using artificial intelligence via Midjourney.

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What's Going On With Celanese Shares Wednesday?

Mister Car Wash Expects FY25 Net Revenues Of $1.038B - $1.064B (Est $1.076B), Adj EPS Of $0.43 - $0.45 (Est $0.39)

Tanger (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKT#NYSE">SKT</a>) reported quarterly earnings of $0.54 per share which beat the analyst consensus estimate of $0.52 by 3.85 percent. This is a 3.85 percent increase over earnings of $0.52 per share from the same period last year. The company reported quarterly sales of $140.74 million which beat the analyst consensus estimate of $129.29 million by 8.85 percent. This is a 10.40 percent increase over sales of $127.48 million the same period last year.

Earnings Beats

Tanger Q4 Core FFO $0.54 Beats $0.52 Estimate, Sales $140.74M Beat $129.29M Estimate

PRA Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRAA#NASDAQ">PRAA</a>) reported quarterly earnings of $0.47 per share which beat the analyst consensus estimate of $0.44 by 6.82 percent. This is a 313.64 percent increase over losses of $(0.22) per share from the same period last year. The company reported quarterly sales of $293.23 million which beat the analyst consensus estimate of $275.81 million by 6.32 percent. This is a 32.43 percent increase over sales of $221.42 million the same period last year.

PRAA

PRA Group Q4 EPS $0.47 Beats $0.44 Estimate, Sales $293.23M Beat $275.81M Estimate

KVYO

Klaviyo shares are trading higher after the company reported better-than-expected Q4 financial results and issued Q1 and FY25 revenue guidance above estimates.

Armada Hoffler Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AHH#NYSE">AHH</a>) is looking for FY2025 FFO of $1.00-$1.10 vs $1.12 analyst estimate..

Armada Hoffler Properties Sees FY2025 Normalized FFO per diluted share $1.00-$1.10 vs $1.12 Est

Reliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RS#NYSE">RS</a>) reported quarterly earnings of $2.22 per share which missed the analyst consensus estimate of $2.74 by 18.98 percent. This is a 53.07 percent decrease over earnings of $4.73 per share from the same period last year. The company reported quarterly sales of $3.13 billion which beat the analyst consensus estimate of $3.06 billion by 2.19 percent. This is a 6.29 percent decrease over sales of $3.34 billion the same period last year.

Earnings Misses

Reliance Q4 Adj $2.22 Misses $2.74 Estimate, Sales $3.13B Beat $3.06B Estimate

TrueBlue (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TBI#NYSE">TBI</a>) reported quarterly losses of $(0.02) per share which beat the analyst consensus estimate of $(0.16) by 87.5 percent. This is a 125 percent decrease over earnings of $0.08 per share from the same period last year. The company reported quarterly sales of $385.95 million which beat the analyst consensus estimate of $385.00 million by 0.25 percent. This is a 21.58 percent decrease over sales of $492.17 million the same period last year.

TrueBlue Q4 Adj EPS $(0.02) Beats $(0.16) Estimate, Sales $385.95M Beat $385.00M Estimate

2025 Financial Outlook
The Company is providing the following full-year guidance for 2025:
<figure class="table"> 
<table>
<tbody>
<tr>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td colspan="3">Current Guidance (as of Feb. 19, 2025)</td>
</tr>
<tr>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>BHC</td>
<td>
BHC
(excl. B+L)
</td>
<td>B+L</td>
</tr>
<tr>
<td>Revenues (in Billions)</td>
<td>&nbsp;</td>
<td>$9.900 - $10.150</td>
<td>$4.950 - $5.100</td>
<td>$4.950 - $5.050</td>
</tr>
<tr>
<td>Revenue growth vs. Prior Year</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>2% - 6%</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Adjusted EBITDA1 (in Billions)</td>
<td>&nbsp;</td>
<td>$3.525 - $3.675</td>
<td>$2.625 - $2.725</td>
<td>$0.900 - $0.950</td>
</tr>
<tr>
<td>Adj. EBITDA1 growth vs. Prior Year</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>3% - 7%</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Adjusted Operating Cash Flow1</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>$0.975 - $1.025</td>
<td>&nbsp;</td>
</tr>
</tbody>
</table>
</figure>
Other than with respect to GAAP revenues, the Company only provides guidance on a non-GAAP basis. The Company does not provide a reconciliation of forward-looking Adjusted EBITDA (non-GAAP)1 to GAAP net income (loss), due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation. Because deductions (such as restructuring, gain or loss on extinguishment of debt and litigation and other matters) used to calculate projected net income (loss) vary dramatically based on actual events, the Company is not able to forecast on a GAAP basis with reasonable certainty all deductions needed in order to provide a GAAP calculation of projected net income (loss) at this time. The amount of these deductions may be material and, therefore, could result in projected GAAP net income (loss) being materially less than projected Adjusted EBITDA (non-GAAP)1. These statements represent forward-looking information and may represent a financial outlook, and actual results may vary. Please see the risks and assumptions referred to in the "Forward-looking Statements" section of this news release. The guidance in this news release is only effective as of the date it is given and will not be updated or affirmed unless and until the Company publicly announces updated or affirmed guidance. The rapid recent developments in the evolving landscape of tariffs and responses have resulted in uncertainty regarding these measures and the effects they may have. We continue to assess the direct and indirect impacts on our businesses of such tariffs, retaliatory tariffs and other trade protectionist measures as the situation develops.

Bausch Health Companies Sees FY25 Revenue $9.9B-$10.15B Vs $9.906B Est.; Adj. EBITDA $3.525B-$3.675B

RELY

Remitly Sees Q1 Revenue $345M-$348M Vs $346.078M Est.

<h4>Key Takeaways:</h4>
<ul>
<li>Black Sesame&rsquo;s revenue rose about 52% last year, though the growth rate slowed from the first half to the second half</li>
<li>The company&rsquo;s gross margin improved notably in the first half of last year as its products were included in two mass-produced vehicles</li>
</ul>
&nbsp;&nbsp;
By Doug Young
In the race for investor favor among a group of recently listed smart driving tech stocks,&nbsp;Black Sesame International Holding Ltd.&nbsp;(2533.HK) is shaping up as a dark horse. Six months after its trading debut last August, the stock was down about 10% from its IPO price as of Monday, as investors worried about the relatively small size of its customer pool.
Those same investors appeared to receive some encouragement from a company&nbsp;<a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2025/0217/2025021700428.pdf">profit alert</a>&nbsp;issued late Monday, sending Black Sesame&rsquo;s shares up 3.5% in Tuesday morning trade. Among other things, the announcement showed the company continued to post strong double-digit revenue growth in the second half of last year, though at a slower rate than the first half.
And even after the rally, the stock is still down from its IPO price by about 6%. That makes the company the odd horse out in a field of newly listed smart driving technology companies whose shares have nearly all risen since their recent listings. Shares of&nbsp;Horizon Robotics&nbsp;(9660.HK) are up around 80% since their debut in late October, while&nbsp;Minieye&nbsp;(2431.HK) is up nearly 60% from its IPO price last December.
In the U.S., recently listed robotaxi operator&nbsp;WeRide&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wrd#NYSE">WRD</a>) leads the pack with its stock nearly doubling since its debut last October, while&nbsp;Pony AI&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pony#NASDAQ">PONY</a>) is up by nearly 30%.
So, why is Black Sesame a relative laggard in this group, and is that status really deserved? We&rsquo;ll explore that question in more detail shortly, after reviewing the latest profit alert that was breathing some new life into the stock.
Black Sesame said it expects to report revenue of between 450 million yuan ($62 million) and 500 million yuan for all 2024, representing about 52% growth from last year&rsquo;s 313 million yuan at the midpoint of that range. Subtracting previously announced data for the first half of the year shows the company expects to report roughly 43% revenue growth in the final six months of 2024, which is strong but represents a slowdown from 69% growth in the first half.
The company said it also expects to report a net profit of about 100 million yuan for the full year, reversing a loss of 4.86 billion yuan a year earlier. Backing out the first-half data shows the company lost about 1 billion yuan in the second half of the year. But much of the loss appears related to non-cash items, and the company didn&rsquo;t give a forecast excluding those items.
The reasons for the revenue growth are fairly standard, mostly attributed to growing sales of its smart driving products, including automotive chips and systems-on-a-chip (SoC). It also cited increased sales in emerging areas like chips for vehicle-road-cloud integration, noting such sales were being helped by government policies.
Frankly speaking, the revenue gains look quite ordinary, and Black Sesame even calls them &ldquo;expected.&rdquo; So, the jump in the share price could reflect investor confidence that the company is continuing to grow, and perhaps some acknowledgement that its shares are undervalued.
<h4>Rising adoption</h4>
Having reviewed this not-so-unusual profit alert, we&rsquo;ll spend the second half of our review looking at why Black Sesame has earned its status as relative laggard post-IPO. Here, we should start by pointing out that even after its post-IPO slump, the stock still trades at a high price-to-sales (P/S) ratio of 32. That&rsquo;s behind the even higher 41 for Horizon Robotics, but is quite a bit higher than Minieye&rsquo;s 18.
Still, it seems fair to say that investors are less impressed with Black Sesame than some of its peers. A major reason for the hesitation seems to lie in the company&rsquo;s relatively late arrival to the smart driving scene, with the result that its products are a bit behind its rivals in terms of adoption into mass-produced vehicles.
The company&rsquo;s mid-year report released in August showed its products had been incorporated into at least two mass-produced models, including one from Lynk &amp; Co., a high-end carmaker owned by auto giant Geely; and one from state-owned giant Dongfeng. The company said it had 23 design wins with 16 car makers and tier-one suppliers at the middle of last year, though such wins are typically for cars in development whose potential for mass-production is still far from certain.
Horizon Robotics&rsquo; IPO prospectus doesn&rsquo;t say how many mass-produced cars have incorporated its products. But it points out those products are being used by 27 car makers in over 285 models &ndash; far higher than Black Sesame&rsquo;s total design wins. Minieye looks the strongest based on this metric, with 94 mass-produced vehicles using its smart driving and smart cockpit solutions at the middle of last year.
The other key area for comparison is gross margins, which typically indicate how unique and high-tech a company&rsquo;s products are. Horizon leads the group with an enviable gross margin of 79% in the first half of last year. Minieye is last among these three companies, with a figure of just 14%.
Black Sesame was in the middle of the pack with a gross margin of 50% in the first half of 2024. But that figure was quite notable for its big jump, after the figure fell steadily from 36.1% in 2021 to 24.7% in 2023. The company attributed the big rise to the start of mass production for the Lynk &amp; Co. and Dongfeng cars using its products. The gross margin could continue to improve in the second half of the year as more mass orders roll in from those two customers, and possibly from some other newly mass-produced models.
At the end of the day, Black Sesame&rsquo;s dark horse status appears to be mostly due to its relatively late arrival to the smart driving game, with the result that it&rsquo;s still trying to sell customers on its products. The latest profit alert shows its revenue continues to grow at a steady clip, even though the rate slowed in the second half of last year from the first half. That means investors will be looking for signs of a return to accelerating growth when the company reports its final 2024 results next month, and could reward the stock if Black Sesame can show its products are gaining traction among car makers.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

PONY

Black Sesame emerges as dark horse in driving technology race

Klaviyo Sees FY25 Revenue $1.156B-$1.164B Vs $1.155B Est.

Exact Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXAS#NASDAQ">EXAS</a>) reported quarterly sales of $713.00 million which beat the analyst consensus estimate of $701.30 million by 1.67 percent. This is a 10.22 percent increase over sales of $646.88 million the same period last year.

EXAS

Exact Sciences Q4 Sales $713.00M Beat $701.30M Estimate

Klaviyo Sees Q1 Revenue $265M-$269M Vs $264.66M Est.

Armada Hoffler Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AHH#NYSE">AHH</a>) reported quarterly earnings of $0.27 per share which met the analyst consensus estimate. This is a 12.9 percent decrease over earnings of $0.31 per share from the same period last year. The company reported quarterly sales of $62.95 million which missed the analyst consensus estimate of $66.67 million by 5.58 percent. This is a 5.20 percent increase over sales of $59.84 million the same period last year.

Armada Hoffler Properties Q4 Normalized FFO per diluted share $0.27, Inline, Rental revenues $62.95M Miss $66.67M Estimate

Imax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IMAX#NYSE">IMAX</a>) reported quarterly earnings of $0.27 per share which missed the analyst consensus estimate of $0.30 by 10 percent. This is a 58.82 percent increase over earnings of $0.17 per share from the same period last year. The company reported quarterly sales of $92.67 million which missed the analyst consensus estimate of $104.08 million by 10.96 percent. This is a 7.74 percent increase over sales of $86.02 million the same period last year.

IMAX

Imax Q4 Adj EPS $0.27 Misses $0.30 Estimate, Sales $92.67M Miss $104.08M Estimate

Mister Car Wash (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCW#NYSE">MCW</a>) reported quarterly earnings of $0.09 per share which beat the analyst consensus estimate of $0.07 by 28.57 percent. This is a 28.57 percent increase over earnings of $0.07 per share from the same period last year. The company reported quarterly sales of $251.17 million which beat the analyst consensus estimate of $248.42 million by 1.11 percent. This is a 9.14 percent increase over sales of $230.14 million the same period last year.

Mister Car Wash Q4 2024 Adj EPS $0.09 Beats $0.07 Estimate, Sales $251.17M Beat $248.42M Estimate

Remitly Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELY#NASDAQ">RELY</a>) reported quarterly losses of $(0.03) per share which beat the analyst consensus estimate of $(0.09) by 66.67 percent. This is a 84.21 percent increase over losses of $(0.19) per share from the same period last year. The company reported quarterly sales of $351.900 million which beat the analyst consensus estimate of $343.357 million by 2.49 percent. This is a 32.91 percent increase over sales of $264.758 million the same period last year.

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