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Revenues

EMN

SON

TROX

Wall Street's most accurate analysts have recommended three high-dividend yielding stocks in the materials sector: Sonoco Products Company (SON), Eastman Chemical Company (EMN), and Tronox Holdings plc (TROX). SON plans to sell its protective solutions packaging business for $80 million. EMN posted better-than-expected Q4 earnings. TROX reported a 26% decrease in Q3 revenue compared to the previous year.

Portfolio Pulse from Avi Kapoor

February 02, 2024 | 1:42 pm

AAPL

Apple's stock is trading lower following a report of a year-over-year decrease in Q1 sales in Greater China.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 1:41 pm

INBS

Intelligent Bio Solutions (INBS) reported preliminary Q2 revenue of $0.76 million, which is below the estimated $1.008 million.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 1:34 pm

SPY

The January Nonfarm Payrolls report showed an addition of 353,000 jobs, significantly surpassing the estimated 187,000. This indicates a stronger than expected labor market.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 1:30 pm

GWW

Grainger has provided its financial outlook for FY24, expecting net sales to range between $17.2 billion and $17.7 billion, compared to analysts' expectations of $17.5 billion. The company also forecasts earnings per share (EPS) to be between $38.00 and $40.50, versus the estimated $38.65.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 1:17 pm

WNS

WNS Holdings Ltd. announced that one of its top five customers by revenue contribution in the HCLS SBU has issued a termination notice effective July 1, 2024. This customer accounted for a significant portion of WNS's revenue over the past three fiscal years. Despite the termination, WNS stated it will not impact their fiscal 2024 revenue and discussions are ongoing regarding the transition of services.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 1:08 pm

COLL

Analyst evaluations of Collegium Pharmaceutical (NASDAQ:COLL) over the last three months show diverse outlooks, with a recent shift towards a more bullish sentiment. The average 12-month price target has increased to $38.5, up from $32.33, indicating a 19.08% rise. Analysts from Needham, Truist Securities, and Jefferies have adjusted their ratings and price targets, reflecting optimism about the company's future performance. Collegium Pharmaceutical's financial indicators such as revenue growth, net margin, ROE, and ROA outperform industry averages, despite a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 1:00 pm

CLFD

Clearfield (NASDAQ:CLFD) has received mixed analyst ratings over the past three months, with a recent negative shift in sentiment as evidenced by a decrease in the average price target by 8.78% to $40.75. The company faces challenges in revenue growth, with a significant decline of -47.72% as of September 30, 2023, but shows strong profitability with a net margin of 5.43%. Its debt management is solid, with a low debt-to-equity ratio of 0.07, although it has a below-average ROE of 0.86%.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 1:00 pm

CMS

CMS Energy (NYSE:CMS) received mixed analyst ratings with an updated average 12-month price target of $63.17, indicating a 5.28% increase from the previous target. Analysts from firms like Guggenheim, Barclays, and JP Morgan adjusted their ratings and price targets, reflecting a generally positive outlook. Despite facing revenue challenges with a -17.34% decline over 3 months, CMS Energy showcases strong profitability with notable net margin and ROE figures. However, its high debt-to-equity ratio raises financial leverage concerns.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 1:00 pm

AAPL

The iPhone 15 Pro, a premium variant of Apple Inc.'s latest smartphone series, is facing lower customer satisfaction ratings despite its advanced features. Issues such as overheating, battery life, minor upgrades, and design concerns have been highlighted. This contrasts with CEO Tim Cook's claim of a 99% satisfaction rate for the iPhone 15 series, which also reported a 6% sales increase over the iPhone 14 series and helped Apple secure a 64% US market share in Q4 2023.

Portfolio Pulse from Rounak Jain

February 02, 2024 | 12:45 pm