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FNV

Franco-Nevada (NYSE:FNV) is scheduled to release its quarterly earnings report on March 5, 2024, with an expected EPS of $0.84. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. Historical data shows mixed reactions in stock price to past earnings reports, with a slight overall decline in share price following earnings announcements. Currently, FNV shares are trading at $106.99, marking a 17.17% decrease over the last 52 weeks, indicating potential investor concern ahead of the earnings release.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 2:01 pm

FNV

Franco-Nevada (NYSE:FNV) is scheduled to release its quarterly earnings report on March 5, 2024, with analysts expecting an EPS of $0.84. The company's past earnings performance shows a mix of beats and misses, with minor price changes following the announcements. Shares are currently trading at $106.99, down 17.17% over the last year. Investors are looking for positive guidance for the next quarter.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 2:01 pm

EMR

Emerson Electric (NYSE:EMR) received mixed analyst ratings with a positive shift in the 12-month price target to $119.71, up 9.65% from $109.17. Analysts from B of A Securities, Barclays, Mizuho, RBC Capital, Keybanc, and Wells Fargo raised their price targets, reflecting optimism about the company's performance and market position. Emerson Electric, known for its automation equipment and services, reported a revenue growth of 22.06% and strong financial metrics, including a net margin of 3.45% and ROE of 0.69%.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 2:00 pm

META

Meta Platforms (NASDAQ:META) has delivered an average annual return of 24.34% over the past 5 years, outperforming the market by 11.04%. A $1000 investment in META 5 years ago would now be worth $2,979.72. The company currently has a market capitalization of $1.28 trillion.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 2:00 pm

OC

Owens-Corning (NYSE:OC) has significantly outperformed the market with an average annual return of 23.6% over the past 15 years, turning a $100 investment into $2,840.26 today. The company currently has a market capitalization of $13.20 billion.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 2:00 pm

WIX

Wix.com Ltd (NASDAQ:WIX) has launched an AI Website Builder, enabling users to create professional websites through a conversational AI chat. This tool allows for the creation of customized sites with various business solutions, optimized with Wix's infrastructure for security, performance, marketing, SEO, CRM, and analytics. The introduction of this tool is expected to enhance user experience, increase efficiencies, and lead to higher conversions. WIX shares saw a slight increase of 0.16% to $139.50 in premarket trading.

Portfolio Pulse from Anusuya Lahiri

March 04, 2024 | 2:00 pm

JBLU

SAVE

JetBlue Airways Corp (JBLU) and Spirit Airlines Inc (SAVE) announced the termination of their July 2022 merger agreement, citing unlikely fulfillment of all conditions by the deadline. JetBlue's shares rose following the announcement, while Spirit's shares fell after trading was temporarily halted. JetBlue will pay Spirit $69 million as part of the termination agreement and has outlined revenue and cost-saving initiatives for 2024, including an Investor Day on May 30 to detail its long-term strategy.

Portfolio Pulse from Adam Eckert

March 04, 2024 | 2:00 pm

ENCP

Energem Corp (NASDAQ:ENCP) shareholders approved a merger with Graphjet Technology, a Malaysian company planning to accelerate its manufacturing plant timeline in Malaysia for graphite production. The plant, expected to be operational by Q2 2024, aims to supply graphite to Toyoda and generate revenues in 2024. The merger, valuing Graphjet at approximately $1.49 billion, is anticipated to close by March 6, 2024. ENCP shares rose 18.1% in premarket trading following the announcement.

Portfolio Pulse from Vandana Singh

March 04, 2024 | 1:59 pm

IFBD

Trading status for IFBD was updated at 8:55:00 AM ET, indicating a resumption of quotations, news, and trading times.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 1:55 pm

NSC

Norfolk Southern Corporation (NYSE:NSC) addresses false claims about its safety record and management compensation, emphasizing its commitment to safety and shareholder alignment. The company corrected misrepresentations following a derailment in Lower Saucon Township, PA, highlighting a 42% reduction in its mainline accident rate in 2023 and its comprehensive safety initiatives. It also clarified CEO Alan Shaw's compensation adjustments, countering claims of a 37% pay raise and detailing the performance-based nature of executive compensations. Norfolk Southern is engaging with Ancora to avoid a proxy contest, defending its board and management strategy to protect shareholder value.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 1:54 pm