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Revenues

AAPL

SSNLF

Apple Inc (AAPL) dominates the 2023 smartphone market with seven of the top 10 models by units shipped, according to Counterpoint Research. The iPhone 14, 14 Pro Max, 14 Pro, 13, 15 Pro Max, 15 Pro, and 15 are among the top sellers, showcasing Apple's strong market presence and potential for high average sale prices with its premium models. Samsung (SSNLF) holds the remaining three spots in the top 10, marking a significant shift as Apple surpasses Samsung in global smartphone shipments. The top 10 smartphones accounted for 20% of the global market share, a new record, with Apple and Samsung being the only companies on Counterpoint's annual list since 2021.

Portfolio Pulse from Chris Katje

February 21, 2024 | 9:14 pm

ETSY

Etsy forecasts a decline in Q1 2024 GMS in the low-single-digit range year-over-year, attributing it to a slow start. The company expects improvement through the quarter with planned product and marketing investments. A failure to improve trends could lead to a mid-single-digit decline. Etsy estimates a Q1 2024 take rate of 21-21.5% and an adjusted EBITDA margin of ~26%.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 9:13 pm

GKOS

Glaukos Corporation has reaffirmed its net sales guidance for the year 2024, projecting sales to be in the range of $350 million to $360 million. This projection aligns closely with the estimated sales figure of $356.29 million.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 9:12 pm

TNDM

Tandem Diabetes Care projects its Q1 2024 revenue to be $175 million, which is below the estimated $186.086 million.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 9:12 pm

TNDM

Tandem Diabetes Care has projected its FY24 revenue to be $850 million, surpassing the estimated $842.487 million. This forecast suggests a positive outlook for the company's financial performance in the upcoming fiscal year.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 9:11 pm

BNL

Broadstone Net Lease (BNL) reported Q4 earnings per share of $0.36, unchanged YoY, with sales of $105.00M missing the $110.23M estimate, a 6.36% decrease from last year's $112.14M.

Portfolio Pulse from Happy Mohamed

February 21, 2024 | 9:11 pm

NOVA

Sunnova Energy International Inc. has initiated its cash generation guidance for 2025, projecting it to be between $200 million and $500 million. Additionally, the company has reaffirmed its forecast for customer additions in 2024, expecting to add between 185,000 and 195,000 customers.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 9:11 pm

EXAS

Exact Sciences projects its 2024 revenue to be between $2.81 billion and $2.85 billion, closely aligning with the estimated $2.83 billion. This forecast includes screening revenue of $2.155-$2.175 billion and precision oncology revenue of $655-$675 million.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 9:09 pm

VC

Visteon (NASDAQ:VC), an automotive supplier, has received mixed analyst ratings over the last three months, with a recent shift towards a somewhat bearish outlook. The average 12-month price target for VC is $142.67, marking a slight increase from the previous target. Despite a -1.17% decline in revenue growth and a market capitalization below industry benchmarks, Visteon showcases strong profitability with a net margin of 6.51%, an ROE of 9.24%, and an ROA of 2.82%. The company's debt-to-equity ratio is also below industry norms, indicating a sound financial structure.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 7:00 pm

INST

Instructure Holdings (NYSE:INST) has received mixed analyst ratings over the past quarter, with a recent consensus showing 3 bullish and 1 somewhat bullish ratings. The 12-month price target averages at $30.00, with a high of $32.00 and a low of $28.00. Analyst actions include adjustments to ratings and price targets by Keybanc, Citigroup, Needham, and Jefferies, reflecting dynamic market conditions and company performance. Instructure Holdings, an education technology company, has shown a revenue growth rate of 10.2% as of September 30, 2023, but faces challenges in ROE and net margin compared to industry averages.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 7:00 pm