Track market-moving stories before they get noisy

Progressive (PGR - Free Report) came out with quarterly earnings of $4.6 per share, beating the Zacks Consensus Estimate of $4.46 per share. This compares to earnings of $4.05 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +3.14%. A quarter ago, it was expected that this insurer would post earnings of $4.7 per share when it actually produced earnings of $4.85, delivering a surprise of +3.19%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Progressive, which belongs to the Zacks Insurance - Property and Casualty industry, posted revenues of $23.36 billion for the quarter ended September 2026, missing the Zacks Consensus Estimate by 0.22%. This compares to year-ago revenues of $22.22 billion. The company has topped consensus revenue estimates two times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Progressive shares have lost about 2.1% since the beginning of the year versus the S&P 500's gain of 14%.

What's Next for Progressive?While Progressive has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Progressive was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $4.02 on $23.15 billion in revenues for the coming quarter and $18.14 on $92.39 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Insurance - Property and Casualty is currently in the top 26% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, United Fire Group (UFCS - Free Report) , has yet to report results for the quarter ended September 2026.

This property and casualty insurance company is expected to post quarterly earnings of $1.19 per share in its upcoming report, which represents a year-over-year change of -20.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

United Fire Group's revenues are expected to be $388.6 million, up 9.8% from the year-ago quarter.

Key Takeaways Truist's Q3 earnings are expected to rise 12.5% to $1.17 per share, with revenues increasing 2.4% to $5.31B.TFC's NII is projected to rise 1% to $3.67B, aided by loan demand and stabilizing funding costs.Truist's fee income growth may support results, but rising expenses and weakening asset quality pose risks.
Truist Financial (TFC - Free Report) is set to announce third-quarter 2026 results on Oct.16 before the opening bell. The overall decent lending scenario in the quarter is likely to have supported the company’s net interest income (NII).

Per the Fed’s latest data, the demand for commercial and industrial (C&I) loans (accounting for almost 50% of TFC’s total loans and leases held for investment) slightly weakened in the to-be-reported quarter. On the other hand, demand for consumer loans (almost 40% of total loans) remained solid.

The Zacks Consensus Estimate for TFC’s average earning assets for the quarter is pegged at $495.1 billion, indicating a 1.9% rise from the prior-year quarter.

The Federal Reserve increased interest rates by 25 basis points in September and hinted at a hawkish tone. The rate hike is less likely to have affected Truist’s net interest income (NII) and margin in the third quarter. Nonetheless, modest loan demand, decent economic growth and stabilizing funding/deposit costs are expected to have driven Truist’s NII higher.

In mid-September, the company announced its exit from its near-prime auto lending business by selling approximately $5.5 billion in loans originated by Regional Acceptance Corporation, TFC’s indirect auto lending subsidiary. The sale is expected to generate about $5.2 billion in net proceeds, which the company plans to use to repay wholesale borrowings and reposition certain available-for-sale securities. These actions are expected to improve the company’s funding profile and liquidity flexibility.

The consensus estimate for NII is pegged at $3.67 billion, implying a 1% increase. The company anticipates NII to increase roughly 1.5% sequentially.

Other Factors to Influence Truist’s Q3 EarningsNon-Interest Income: Mortgage rates hovered near 7% in the third quarter and, as such, refinancing activities and origination volume were subdued. So, growth in Truist’s mortgage banking income is expected to have been modest. The Zacks Consensus Estimate for the metric of $121.9 million indicates a 3.3% rise from the prior-year quarter.

Higher client activity and volatility in the capital markets, along with industry-wide decent deal-making activities, in the to-be-reported quarter are expected to have supported TFC’s corresponding fee income. The consensus estimate for investment banking and trading income of $361.5 million indicates year-over-year growth of 11.9%.

The decent lending backdrop is likely to have supported Truist’s lending-related fees. The Zacks Consensus Estimate for the same is $113.7 million, indicating a rise of 10.4%. As the U.S. markets witnessed investor rotation amid the changing macro environment, there has been a rise in asset inflows. The consensus estimate for wealth management income of $382.5 million suggests an increase of 2.3%.

The Zacks Consensus Estimate for total non-interest income is pegged at $1.65 billion, which indicates a 5.9% rise from the prior-year quarter. Management expects non-interest income to remain almost stable compared with the second-quarter level.

Expenses: Truist has been witnessing a continued rise in overall non-interest expenses over the past several quarters because of investments in technology, inflationary pressure and expansion efforts. A similar trend is expected to have continued in the third quarter.

Management expects GAAP non-interest expenses to rise 2% from the prior quarter.

Asset Quality: Truist is likely to have set aside a substantial amount for potential loan delinquencies amid changes in the monetary policy stance and persistent inflation. Hence, provision numbers are expected to have risen in the third quarter.

The Zacks Consensus Estimate for total non-accrual loans and leases of $1.83 billion suggests 16.6% year-over-year growth. The consensus estimate for total non-performing assets is $1.89 billion, indicating a 16.1% increase.

Truist’s Q3 Earnings & Sales ExpectationsThe Zacks Consensus Estimate for TFC’s earnings of $1.17 per share has moved 4.5% higher over the past seven days. This indicates growth of 12.5% from the year-ago reported number.
 

The consensus estimate for sales is pegged at $5.31 billion, suggesting a 2.4% rise. The company expects revenues to rise 1% sequentially.

What the Zacks Model Unveils for TFCAccording to our quantitative model, the chances of Truist beating the Zacks Consensus Estimate for earnings this time are high. This is because it has the right combination of the two key ingredients — a positive Earnings ESP and a Zacks Rank #3 (Hold) or better.

You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Earnings ESP: The Earnings ESP for Truist is +2.67%.

Zacks Rank: TFC currently carries a Zacks Rank #3.

TFC’s Peers Worth ConsideringHere are a couple of Truist’s peer bank stocks that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this time:

The Earnings ESP for The PNC Financial Services Group, Inc. (PNC - Free Report) is +0.80%, and it carries a Zacks Rank #3. The company is slated to report third-quarter 2026 numbers tomorrow.

Over the past seven days, the Zacks Consensus Estimate for PNC Financial’s quarterly earnings has been marginally lowered to $4.97.

M&T Bank Corporation (MTB - Free Report) is scheduled to announce third-quarter 2026 results on Oct. 16. The company carries a Zacks Rank #3 and has an Earnings ESP of +0.73% at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Quarterly earnings estimates for M&T Bank have been revised lower to $4.98 over the past week.

Marvell just secured a deal its CEO called a monster number, analysts have zero sell ratings on the stock, and the biggest growth catalyst has barely shown up in the financials yet.

The 24/7 Wall St. price target for Marvell Technology (NASDAQ:MRVL | MRVL Price Prediction) is $311.69 over the next 12 months. Shares traded at $266.89 at noon, which puts the upside at about 16.8%. The model rates the stock a buy with high confidence.

24/7 Wall St. Price Target Summary Metric Value Current Price $266.89 Price Target from 24/7 Wall St. $311.69 Upside/Downside 16.8% Recommendation BUY Confidence Level 90% Today’s 3.05% drop puts the stock below the model’s $275.28 reference price, so shares trade below the level the model used. I have high confidence in the call because growth is speeding up, management keeps raising guidance, and analysts are mostly bullish.

In my view, the biggest piece of the AI story, custom silicon at hyperscale, has only just started to show up in reported results.

A 214% Rally Built on Data Center Momentum Marvell is up 214.58% year to date and 13.59% over the past month. It has slipped 1.96% over the past week. Shares sit about 19% below the 52-week high of $329.73 and far above the low of $70.62.

Second-quarter fiscal 2027 revenue came in at $2.739 billion, up 36.55% and ahead of the $2.707 billion consensus. Non-GAAP EPS of $0.94 beat the $0.9289 estimate. Data Center revenue grew 46% to $2.1715 billion, or 79% of sales.

Guidance for the third quarter calls for $3.150 billion in revenue and $1.10 in non-GAAP EPS. After the company’s October 6 Investor Day, Morningstar raised its valuation, citing bullish long-term guidance (Morningstar).

Why Bulls See $356 and Beyond Management expects fiscal 2027 revenue of roughly $12 billion, up about 45%. For fiscal 2028, the outlook is roughly 50% total growth, with custom revenue expected to more than double.

The expanded agreement with Alphabet (NASDAQ:GOOGL) unit Google includes a warrant for Google to buy up to 7% of Marvell’s shares.

On the call, the deal was described as $120 billion in cumulative revenue over six years if every milestone is met. CEO Matt Murphy called it “just a monster number.”

Analyst coverage includes 8 Strong Buys, 32 Buys, and zero Sells, with a consensus target of $337.99. The bull case is $356.05.

Risks That Could Pull Shares Toward $237 A handful of hyperscalers drive most of Marvell’s revenue, and any of them could decide to design more chips in-house. Other risks include tight wafer supply, China trade restrictions, and $4.963 billion in long-term debt. Gross margin also slid to 58.9%.

Bulls would answer that the dip comes from the lower-margin custom ramp, while operating margin rose 180 basis points to 36.6%. Shares have also been volatile, falling from $278.67 in mid-June to $188.30 a month later. The bear case is $237.25.

Marvell Trades at a Steep Premium to Broadcom and NVIDIA Company Forward P/E Quarterly Revenue Growth (YoY) Marvell 62x 36.5% Broadcom (NASDAQ:AVGO) 19x 85.5% NVIDIA (NASDAQ:NVDA) 25x 105.9% Broadcom is Marvell’s most direct rival in custom AI accelerators and Ethernet switching. It is growing faster today at a far lower multiple, and its consensus target is $531.31.

NVIDIA works with Marvell on NVLink Fusion and sets the pace for AI compute. It also trades at a lower multiple while posting higher growth.

Against these two, our target looks full (we reverse-engineered what the biggest tech winners looked like early in a free Next Nvidia Playbook). It still holds up because Marvell’s growth is accelerating toward a 75% year-over-year Data Center increase next quarter, while its peers are growing off much larger bases.

Accelerating Custom Revenue Drives Our Bullish Target The 24/7 Wall St. price target of $311.69 comes with a buy rating and high confidence. For me, the deciding factor is custom silicon: management says that business will more than double in fiscal 2028 and grow even faster in fiscal 2029.

The bull case improves if custom ramps and scale-up optics stay on schedule. It weakens if margins keep shrinking without matching revenue upside. On balance, the growth outlook justifies the premium.

Marvell Price Prediction 2026-2030 Looking further ahead, here is where our model projects Marvell could trade, assuming current growth trends and market conditions hold.

Year Price Target from 24/7 Wall St. 2026 $277.98 2027 $312.55 2028 $341.18 2029 $368.38 2030 $383.48 Marvell would need to keep executing on its hyperscaler roadmap for these projections to hold. Reaching every milestone in the Google agreement could drove results well above these figures. A move by customers to bring chip design in-house might drag results lower.

Contact [email protected] for any questions or corrections.

NorthCrest Asset Manangement LLC lifted its stake in Copart, Inc. (NASDAQ:CPRT – Free Report) by 1,102.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 184,823 shares of the business services provider’s stock after buying an additional 169,449 shares during the period. NorthCrest Asset Manangement LLC’s holdings in Copart were worth $5,042,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the company. Confluence Investment Management LLC increased its stake in Copart by 44.2% in the third quarter. Confluence Investment Management LLC now owns 422,532 shares of the business services provider’s stock valued at $11,527,000 after acquiring an additional 129,591 shares during the period. Janney Montgomery Scott LLC lifted its stake in Copart by 14.0% during the first quarter. Janney Montgomery Scott LLC now owns 333,624 shares of the business services provider’s stock worth $11,076,000 after purchasing an additional 41,060 shares during the period. Handelsbanken Fonder AB lifted its stake in Copart by 6.4% during the second quarter. Handelsbanken Fonder AB now owns 578,452 shares of the business services provider’s stock worth $16,307,000 after purchasing an additional 34,855 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in Copart by 3,034.7% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 200,557 shares of the business services provider’s stock valued at $5,471,000 after purchasing an additional 194,159 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC acquired a new stake in Copart during the second quarter valued at approximately $1,298,000. Institutional investors own 85.78% of the company’s stock.

Analyst Upgrades and Downgrades CPRT has been the topic of several analyst reports. Freedom Capital upgraded Copart to a “strong-buy” rating in a research note on Friday, June 26th. BNP Paribas Exane reiterated an “outperform” rating and issued a $43.00 price target (up from $40.00) on shares of Copart in a research report on Monday, September 28th. JPMorgan Chase & Co. upgraded Copart from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $32.00 to $40.00 in a research note on Thursday, September 3rd. Weiss Ratings reissued a “sell (d+)” rating on shares of Copart in a report on Wednesday, July 29th. Finally, Robert W. Baird cut their price objective on Copart from $42.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, September 11th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Copart currently has a consensus rating of “Moderate Buy” and an average target price of $37.80.

Check Out Our Latest Analysis on Copart Insider Activity at Copart In related news, CEO Jeffrey Liaw sold 27,745 shares of the company’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $30.49, for a total value of $845,945.05. Following the completion of the sale, the chief executive officer owned 99,641 shares in the company, valued at approximately $3,038,054.09. This represents a 21.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 9.60% of the stock is currently owned by company insiders.

Copart Price Performance Shares of NASDAQ CPRT opened at $26.37 on Wednesday. Copart, Inc. has a fifty-two week low of $26.17 and a fifty-two week high of $45.89. The firm has a market capitalization of $24.43 billion, a P/E ratio of 17.01, a P/E/G ratio of 1.30 and a beta of 1.06. The company’s 50 day simple moving average is $30.21 and its 200 day simple moving average is $30.92.

Copart (NASDAQ:CPRT – Get Free Report) last released its earnings results on Thursday, September 10th. The business services provider reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. Copart had a return on equity of 15.93% and a net margin of 31.81%. Copart’s revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.41 EPS. Sell-side analysts expect that Copart, Inc. will post 1.63 EPS for the current fiscal year.

About Copart (Free Report)

Copart, Inc is a global provider of online vehicle auction and remarketing services. The company primarily sells vehicles that have been damaged, totaled, recovered from theft, or otherwise deemed uneconomical to repair. Its customers include insurance companies, automobile dealers, dismantlers, rebuilders, exporters, rental and finance companies, and members of the general public.

Copart conducts auctions through its online VB3 platform, which connects buyers with vehicles listed at the company’s facilities.

Further Reading Five stocks we like better than Copart A Chinese Rival Just Spooked Memory Stocks—How Worried Should Micron Investors Be? Could T-Mobile’s Satellite Competition Fears Create a Buying Opportunity? Surgical Precision, Sustainable Returns: Johnson & Johnson Secures Its Cash Flow Runway Tesla’s Robotaxi Lands in Paris—But Europe’s Real Fight Is Over Cheap EVs

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Copeland Capital Management LLC lowered its position in shares of Quaker Houghton (NYSE:KWR – Free Report) by 2.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 251,649 shares of the specialty chemicals company’s stock after selling 6,419 shares during the quarter. Copeland Capital Management LLC owned about 1.46% of Quaker Houghton worth $39,700,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC acquired a new position in shares of Quaker Houghton during the 2nd quarter valued at $25,000. Allworth Financial LP acquired a new stake in Quaker Houghton in the 2nd quarter valued at $39,000. Public Employees Retirement System of Ohio acquired a new stake in Quaker Houghton in the 2nd quarter valued at $48,000. EverSource Wealth Advisors LLC increased its holdings in Quaker Houghton by 51.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 344 shares of the specialty chemicals company’s stock valued at $43,000 after purchasing an additional 117 shares in the last quarter. Finally, Global Retirement Partners LLC purchased a new position in Quaker Houghton in the second quarter valued at about $66,000. Institutional investors and hedge funds own 77.46% of the company’s stock.

Insiders Place Their Bets In other Quaker Houghton news, Director William Osborne sold 600 shares of Quaker Houghton stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $168.31, for a total transaction of $100,986.00. Following the sale, the director directly owned 616 shares in the company, valued at $103,678.96. The trade was a 49.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is currently owned by company insiders.

Quaker Houghton Stock Performance Shares of KWR stock opened at $160.63 on Wednesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.46 and a quick ratio of 1.70. The company’s fifty day moving average price is $161.88 and its two-hundred day moving average price is $149.96. The firm has a market capitalization of $2.76 billion, a P/E ratio of 28.63, a P/E/G ratio of 1.06 and a beta of 1.40. Quaker Houghton has a 12 month low of $112.18 and a 12 month high of $183.01. Quaker Houghton (NYSE:KWR – Get Free Report) last announced its earnings results on Thursday, July 30th. The specialty chemicals company reported $2.19 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.53. Quaker Houghton had a return on equity of 9.55% and a net margin of 4.94%. The company had revenue of $532.55 million during the quarter, compared to the consensus estimate of $504.63 million. During the same period last year, the firm earned $1.71 earnings per share. The company’s revenue was up 10.2% on a year-over-year basis. On average, research analysts anticipate that Quaker Houghton will post 7.85 earnings per share for the current fiscal year.

Quaker Houghton Increases Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be paid a dividend of $0.53 per share. This is a boost from Quaker Houghton’s previous quarterly dividend of $0.5080. The ex-dividend date is Friday, October 16th. This represents a $2.12 dividend on an annualized basis and a yield of 1.3%. Quaker Houghton’s payout ratio is 36.19%.

Analysts Set New Price Targets A number of research analysts have commented on the company. Zacks Research raised Quaker Houghton from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. Wall Street Zen upgraded Quaker Houghton from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Truist Financial reiterated a “buy” rating and issued a $190.00 target price (up from $172.00) on shares of Quaker Houghton in a research note on Monday, August 3rd. Royal Bank Of Canada raised their target price on Quaker Houghton from $177.00 to $198.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Finally, Weiss Ratings raised Quaker Houghton from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $187.00.

Check Out Our Latest Stock Report on Quaker Houghton

(Free Report)

Quaker Houghton (NYSE:KWR) is a global provider of industrial process fluids and services. The company develops, manufactures and supplies chemical formulations used to improve performance, efficiency, safety and product quality in manufacturing and metalworking operations.

Its product portfolio includes metal-removal and metal-forming fluids, hydraulic and specialty fluids, industrial cleaners, coatings, corrosion preventives and fire-resistant fluids. Quaker Houghton also provides fluid-management programs, technical support, equipment and related services designed to help customers manage industrial processes and maintenance requirements.

The company serves customers in industries including steel, aluminum, automotive, aerospace, mining, machinery and other general manufacturing markets.

Read More Five stocks we like better than Quaker Houghton A Chinese Rival Just Spooked Memory Stocks—How Worried Should Micron Investors Be? Could T-Mobile’s Satellite Competition Fears Create a Buying Opportunity? Surgical Precision, Sustainable Returns: Johnson & Johnson Secures Its Cash Flow Runway Tesla’s Robotaxi Lands in Paris—But Europe’s Real Fight Is Over Cheap EVs Want to see what other hedge funds are holding KWR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Quaker Houghton (NYSE:KWR – Free Report).

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Wall Street expects a year-over-year increase in earnings on higher revenues when Old National Bancorp (ONB - Free Report) reports results for the quarter ended September 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 21. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

Zacks Consensus EstimateThis holding company for Old National Bank is expected to post quarterly earnings of $0.66 per share in its upcoming report, which represents a year-over-year change of +11.9%.

Revenues are expected to be $735.94 million, up 3.2% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.32% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Old National Bancorp?For Old National Bancorp, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.

On the other hand, the stock currently carries a Zacks Rank of #2.

So, this combination makes it difficult to conclusively predict that Old National Bancorp will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Old National Bancorp would post earnings of $0.62 per share when it actually produced earnings of $0.65, delivering a surprise of +4.84%.

Over the last four quarters, the company has beaten consensus EPS estimates four times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Old National Bancorp doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

An Industry Player's Expected ResultsAmong the stocks in the Zacks Banks - Midwest industry, Mercantile Bank (MBWM - Free Report) , is soon expected to post earnings of $1.35 per share for the quarter ended September 2026. This estimate indicates a year-over-year change of -7.5%. This quarter's revenue is expected to be $70.58 million, up 13.1% from the year-ago quarter.

Over the last 30 days, the consensus EPS estimate for Mercantile Bank has been revised 0.1% down to the current level. Nevertheless, the company now has an Earnings ESP of -1.12%, reflecting a lower Most Accurate Estimate.

This Earnings ESP, combined with its Zacks Rank #3 (Hold), makes it difficult to conclusively predict that Mercantile Bank will beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

Hasbro, Inc. (NASDAQ:HAS) will release its third-quarter earnings report before the opening bell on Tuesday, Oct. 20.

Analysts expect the Pawtucket, Rhode Island-based company to report quarterly earnings of $1.86 per share, up from $1.68 per share in the year-ago period. The consensus estimate for Hasbro’s quarterly revenue is $1.48 billion. It reported $1.39 billion last year, according to Benzinga Pro.

On July 21, Hasbro reported better-than-expected second-quarter financial results and raised its FY26 sales guidance.

Hasbro shares fell 2.7% to trade at $93.40 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

Wells Fargo analyst Anthony Bonadio maintained an Equal-Weight rating and raised the price target from $85 to $90 on Aug. 20, 2026. This analyst has an accuracy rate of 64%. Argus Research analyst Christine Dooley maintained a Buy rating and increased the price target from $90 to $105 on July 23, 2026. This analyst has an accuracy rate of 62%. JP Morgan analyst Christopher Horvers maintained an Overweight rating and cut the price target from $125 to $111 on July 22, 2026. This analyst has an accuracy rate of 69%. Jefferies analyst Kylie Cohu maintained a Buy rating and lowered the price target from $120 to $110 on July 16, 2026. This analyst has an accuracy rate of 60%. BNP Paribas analyst Xian Siew maintained an Outperform rating and cut the price target from $117 to $114 on July 15, 2026. This analyst has an accuracy rate of 51%. Considering buying HAS stock? Here’s what analysts think:

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Key Takeaways Avnet's fiscal Q4 2026 sales surged 47.7% to $8.3 billion, while adjusted operating margin reached 3.8%.Electronic Components revenues rose 49% to $7.8B, while Farnell sales increased 29.4% to $500.1 million.Avnet forecasts Q1 fiscal 2027 sales of $9-$9.3 billion and adjusted EPS of $2.80-$2.90.
Avnet (AVT - Free Report) has entered fiscal 2027 with strong momentum, marking the fourth consecutive quarter of margin expansion. In the fourth quarter of fiscal 2026, AVT’s sales surged 47.7% year over year to a record $8.3 billion, while adjusted operating income jumped 122% to $318 million. Avnet’s adjusted operating margin expanded 129 basis points year over year and 73 basis points sequentially to 3.8%.

The improvement in operating profitability is notable because gross-margin expansion was limited. Avnet reported a 10.4% gross margin in the quarter, while SG&A was $548 million. More importantly, SG&A represented 63.3% of gross profit compared with 70.2% in the third quarter and 76% in the year-ago period. This indicates that a greater portion of incremental gross profit is flowing through to operating income as sales volumes recover.

Avnet’s sales environment also provides support for the outlook. Avnet reported year-over-year growth across the Americas, EMEA and Asia. Electronic Components revenues increased 49% to $7.8 billion, while Farnell sales rose 29.4% to $500.1 million. The respective operating margins reached 4.1% and 9%, highlighting continued improvement across both businesses.

AVT is experiencing growth across data center, networking, aerospace and defense, and industrial. AVT’s book-to-bill ratios remained above parity in all regions. The company expects first-quarter sales of $9-$9.3 billion and adjusted diluted EPS of $2.80-$2.90. At the midpoint, the sales forecast represents approximately 10% sequential growth and assumes expansion across all Electronic Components regions and Farnell.

How Competitors Fare Against AVTAVT competes with global component distributors as well as broader IT distributors, including Arrow Electronics (ARW - Free Report) and TD SYNNEX (SNX - Free Report) . However, AVT has created a niche for itself in the electronics distribution space, giving it an edge.

Arrow Electronics competes head-to-head with Avnet in electronic component distribution, semiconductor supply, embedded computing and engineering services. Both Arrow Electronics and Avnet serve OEMs, industrial manufacturers, automotive suppliers, communications equipment vendors and data center customers. Avnet comes to a crossroads with TD SYNNEX as they form part of the AI infrastructure value chain.

AVT’s Price Performance, Valuation and EstimatesAvnet rose 107.1% year to date, outperforming the Zacks Electronics - Parts Distribution industry and Zacks Computer and Technology sector’s return of 75.3% and 22.5%, respectively.

AVT YTD Performance Chart
Image Source: Zacks Investment Research

Despite this outperformance, AVT stock is trading at a price-to-sales multiple of 0.24X, which is below the industry’s P/S multiple of 0.37X. The undervaluation is further substantiated by a Zacks Value Score of B.

AVT Forward 12-Month (P/S) Valuation Chart
Image Source: Zacks Investment Research

For the first quarter of fiscal 2027, Avnet expects adjusted earnings per share between $2.80 and $2.90. The Zacks Consensus Estimate for Avnet’s earnings suggests growth of 241% year over year. Estimates have been revised upward in the past 30 days.

Image Source: Zacks Investment Research

AVT currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Wall Street expects a year-over-year increase in earnings on higher revenues when Packaging Corp. (PKG - Free Report) reports results for the quarter ended September 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The earnings report, which is expected to be released on October 21, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus EstimateThis maker of containerboard and corrugated packaging products is expected to post quarterly earnings of $2.94 per share in its upcoming report, which represents a year-over-year change of +7.7%.

Revenues are expected to be $2.56 billion, up 10.8% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 1.48% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Packaging Corp.?For Packaging Corp., the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +2.21%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination indicates that Packaging Corp. will most likely beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Packaging Corp. would post earnings of $2.31 per share when it actually produced earnings of $2.35, delivering a surprise of +1.73%.

Over the last four quarters, the company has beaten consensus EPS estimates two times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Packaging Corp. appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

Fulton Financial (FULT - Free Report) is expected to deliver flat earnings compared to the year-ago quarter on higher revenues when it reports results for the quarter ended September 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

The earnings report, which is expected to be released on October 21, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

Zacks Consensus EstimateThis financial holding company is expected to post quarterly earnings of $0.55 per share in its upcoming report, which represents no change from the year-ago quarter.

Revenues are expected to be $367.47 million, up 9.8% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.59% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Fulton Financial?For Fulton Financial, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -2.07%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination makes it difficult to conclusively predict that Fulton Financial will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Fulton Financial would post earnings of $0.53 per share when it actually produced earnings of $0.60, delivering a surprise of +13.21%.

Over the last four quarters, the company has beaten consensus EPS estimates four times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Fulton Financial doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Expected Results of an Industry PlayerAmong the stocks in the Zacks Banks - Northeast industry, Atlantic Union (AUB - Free Report) , is soon expected to post earnings of $0.96 per share for the quarter ended September 2026. This estimate indicates a year-over-year change of +14.3%. This quarter's revenue is expected to be $391.81 million, up 4.4% from the year-ago quarter.

Over the last 30 days, the consensus EPS estimate for Atlantic Union has been revised 0.1% down to the current level. Nevertheless, the company now has an Earnings ESP of +1.91%, reflecting a higher Most Accurate Estimate.

When combined with a Zacks Rank of #3 (Hold), this Earnings ESP indicates that Atlantic Union will most likely beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

Wall Street expects a year-over-year increase in earnings on higher revenues when Pinnacle Financial (PNFP - Free Report) reports results for the quarter ended September 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The earnings report, which is expected to be released on October 21, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus EstimateThis regional bank operator is expected to post quarterly earnings of $2.61 per share in its upcoming report, which represents a year-over-year change of +15%.

Revenues are expected to be $1.28 billion, up 135.5% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.57% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Pinnacle Financial?For Pinnacle Financial, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.03%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination indicates that Pinnacle Financial will most likely beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Pinnacle Financial would post earnings of $2.46 per share when it actually produced earnings of $2.50, delivering a surprise of +1.63%.

Over the last four quarters, the company has beaten consensus EPS estimates four times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Pinnacle Financial appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Expected Results of an Industry PlayerAmong the stocks in the Zacks Banks - Southeast industry, SouthState (SSB - Free Report) , is soon expected to post earnings of $2.39 per share for the quarter ended September 2026. This estimate indicates a year-over-year change of -7.4%. This quarter's revenue is expected to be $690.1 million, down 1.2% from the year-ago quarter.

The consensus EPS estimate for SouthState has been revised 0.7% lower over the last 30 days to the current level. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -0.14%.

When combined with a Zacks Rank of #3 (Hold), this Earnings ESP makes it difficult to conclusively predict that SouthState will beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

The market expects Lithia Motors (LAD - Free Report) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.

The earnings report, which is expected to be released on October 21, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus EstimateThis auto dealership chain is expected to post quarterly earnings of $9.73 per share in its upcoming report, which represents a year-over-year change of +2.4%.

Revenues are expected to be $9.69 billion, up 0.2% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 3.44% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Lithia Motors?For Lithia Motors, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.56%.

On the other hand, the stock currently carries a Zacks Rank of #4.

So, this combination makes it difficult to conclusively predict that Lithia Motors will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Lithia Motors would post earnings of $8.67 per share when it actually produced earnings of $10.03, delivering a surprise of +15.69%.

Over the last four quarters, the company has beaten consensus EPS estimates three times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Lithia Motors doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

SoFi Technologies Inc. (NASDAQ:SOFI) shares are under pressure Wednesday after Bank of America reported third-quarter earnings that missed estimates.

SoFi shares are approaching critical lows. What’s behind SOFI weakness? Bank of America Misses on Earnings and Revenue as a $1.2 Billion Settlement WeighsBank of America reported third-quarter adjusted earnings per share of $1.08, missing the consensus estimate of $1.11. It reported revenue of $29.958 billion, missing the consensus estimate of $30.685 billion. Including a $1.2 billion regulatory settlement tied to anti-money-laundering and sanctions failures, earnings were 91 cents a share and net income fell 17% to $6.9 billion. Net interest income rose 8% to about $16.4 billion and loans grew 6%, but trading revenue came in below expectations. Fixed income trading fell 17%, and investment banking revenue dropped 11%. Bank of America shares fell about 7% to 8%. On Tuesday, JPMorgan Chase missed earnings and revenue estimates for the first time in years.

Why SoFi Is Feeling the PressureSoFi holds a national bank charter, so it often trades with bank sentiment, and Wednesday’s bank selloff comes alongside a hot inflation reading that pushed Treasury yields higher. SoFi is especially sensitive to rates. Keefe, Bruyette & Woods analyst Timothy Switzer reiterated an Underperform rating and cut his price target to $15 from $16 on Monday. He said rising rates and SoFi’s growing balance sheet cost the company more than $1 billion in the third quarter, a figure that excludes any relief from hedges, and he raised capital concerns tied to fair value accounting.

SoFi is trading near its 52-week low of $14.88 and is down about 40% this year, according to a CNBC report on a StoneX note. Analysts are split ahead of its third-quarter report. StoneX initiated coverage Tuesday with a Buy rating and a $25 price target, citing attractive valuation. TD Cowen kept a Hold rating on October 6 and trimmed its target to $17.50 from $18.

SoFi Shares Edge LowerSOFI Price Action: At the time of publication, SoFi shares are trading 5.45% lower at $14.42, according to data from Benzinga Pro.

Image via Shutterstock

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Sax Wealth Advisors LLC lifted its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR – Free Report) by 547.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,355 shares of the business services provider’s stock after purchasing an additional 7,910 shares during the quarter. Sax Wealth Advisors LLC’s holdings in Broadridge Financial Solutions were worth $1,507,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Fragasso Financial Advisors Inc grew its position in Broadridge Financial Solutions by 14.2% during the third quarter. Fragasso Financial Advisors Inc now owns 1,836 shares of the business services provider’s stock valued at $304,000 after buying an additional 228 shares during the period. NorthCrest Asset Manangement LLC purchased a new position in Broadridge Financial Solutions in the third quarter valued at $2,474,000. Tilia Fiduciary Partners Inc. increased its holdings in Broadridge Financial Solutions by 8.7% in the third quarter. Tilia Fiduciary Partners Inc. now owns 15,089 shares of the business services provider’s stock valued at $2,431,000 after buying an additional 1,205 shares in the last quarter. Valley Wealth Managers Inc. raised its position in shares of Broadridge Financial Solutions by 230.8% in the third quarter. Valley Wealth Managers Inc. now owns 172 shares of the business services provider’s stock worth $28,000 after acquiring an additional 120 shares during the period. Finally, Atlas Brown Inc. acquired a new position in shares of Broadridge Financial Solutions in the third quarter worth about $219,000. 90.03% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Broadridge Financial Solutions In other Broadridge Financial Solutions news, VP Thomas Carey sold 2,501 shares of the stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $159.76, for a total transaction of $399,559.76. Following the transaction, the vice president directly owned 8,800 shares of the company’s stock, valued at $1,405,888. This trade represents a 22.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.00% of the stock is currently owned by insiders.

Broadridge Financial Solutions Trading Up 1.2% Shares of BR stock opened at $168.42 on Wednesday. Broadridge Financial Solutions, Inc. has a 1-year low of $133.83 and a 1-year high of $236.02. The company has a market cap of $19.01 billion, a price-to-earnings ratio of 17.51 and a beta of 0.92. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a 50 day simple moving average of $169.71 and a 200-day simple moving average of $157.60. Broadridge Financial Solutions (NYSE:BR – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The business services provider reported $3.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.76 by $0.06. Broadridge Financial Solutions had a net margin of 15.04% and a return on equity of 40.25%. The firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter last year, the company earned $3.55 EPS. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. On average, equities research analysts expect that Broadridge Financial Solutions, Inc. will post 10.54 EPS for the current fiscal year.

Broadridge Financial Solutions Increases Dividend The business also recently disclosed a quarterly dividend, which was paid on Monday, October 5th. Shareholders of record on Thursday, September 3rd were issued a dividend of $1.09 per share. The ex-dividend date of this dividend was Thursday, September 3rd. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.9750. This represents a $4.36 annualized dividend and a yield of 2.6%. Broadridge Financial Solutions’s payout ratio is 45.32%.

Analyst Upgrades and Downgrades Several equities research analysts have recently issued reports on BR shares. Morgan Stanley increased their target price on shares of Broadridge Financial Solutions from $169.00 to $176.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 6th. Royal Bank Of Canada raised their target price on Broadridge Financial Solutions from $225.00 to $226.00 and gave the company an “outperform” rating in a research report on Monday, August 31st. Weiss Ratings upgraded Broadridge Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $180.00 price target on shares of Broadridge Financial Solutions in a report on Monday, August 17th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Broadridge Financial Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $216.00.

Get Our Latest Analysis on BR

Broadridge Financial Solutions Company Profile (Free Report)

Broadridge Financial Solutions, Inc is a financial technology and services company that provides communications, technology and data solutions to financial institutions, public companies and other organizations. Its platforms support critical business processes across investor communications, capital markets, wealth management and corporate governance.

The company’s services include proxy and regulatory communications, shareholder and customer communications, securities processing, trading and operations technology, portfolio and wealth management tools, and governance solutions.

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The market expects Hexcel (HXL - Free Report) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 21. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

Zacks Consensus EstimateThis maker of lightweight composite materials is expected to post quarterly earnings of $0.48 per share in its upcoming report, which represents a year-over-year change of +29.7%.

Revenues are expected to be $502.33 million, up 10.1% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.33% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Hexcel?For Hexcel, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.79%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination makes it difficult to conclusively predict that Hexcel will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Hexcel would post earnings of $0.56 per share when it actually produced earnings of $0.66, delivering a surprise of +17.86%.

Over the last four quarters, the company has beaten consensus EPS estimates three times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Hexcel doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

Over the past three years, NuScale Power's (SMR -6.55%) stock price has ranged from $2 to $53 per share. Today, it sits at a little under $8. Owning it has been a roller-coaster ride, with five drawdowns of 50% or more over that span. The current drawdown is the worst of them, at roughly 85%. That said, there's a clear event that could prompt investors to rethink their views of NuScale Power.

What happened to NuScale Power's stock?
The interesting thing about NuScale Power's huge price swings is that they aren't really driven by its business. That 85% decline didn't happen because of some terrible corporate disaster; it happened because investors got overly enthusiastic about nuclear power stocks, and then moved on to other things. NuScale Power, a nuclear power start-up at the leading edge of nuclear technology, simply went along for the ride.

Image source: Getty Images.

The technology NuScale Power is working on is small modular nuclear reactors (SMRs). It could be a game changer for the nuclear industry, as factory-built SMRs could be less costly, safer, and easier to place near where they are needed than current large-scale reactors. But the hard truth is that NuScale Power hasn't even built its first commercial SMR yet. It has an approved reactor design, which is a very big deal, but it still needs to find the first customer willing to sign on the dotted line.

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To the company's credit, it is working hard to ink that first sale. It has been working with the Romanian power company RoPower for quite some time and is seeing material success. RoPower has approved a project that would use six NuScale Power SMRs. But RoPower still needs to nail down project financing, so there's no agreement yet. NuScale Power is also working closely with ENTRA1 Energy and the Tennessee Valley Authority in hopes of being part of what could be "the largest nuclear power deployment program in U.S. history." But, like RoPower, there is still no deal yet.

NuScale Power needs to sell an SMR
So, what the market is likely waiting for is NuScale Power's first SMR sale. That could be the event that pushes the stock back toward $20. However, it is important to remember that a signed contract is really just the start of the next stage of the company's development. Once it has that contract, it still needs to prove it can build an SMR and that the SMRs it builds are reliable and safe. In other words, NuScale Power is a high-risk start-up, and that isn't likely to change for quite some time.

CoreWeave Inc. (NASDAQ:CRWV) shares are trading lower Wednesday amid renewed investor attention on OpenAI’s revenue run rate.

CoreWeave stock is feeling bearish pressure. Why is CRWV stock dropping? OpenAI’s $50B Run Rate Is $18B to $20B Below the Figure Investors Had HeardOn Oct. 8, the Financial Times reported, and CNBC confirmed, that OpenAI told investors it hit roughly $50 billion in annualized revenue at the end of September. That is lower than the $68 billion figure widely reported late last month. A person familiar with the matter told CNBC the $68 billion included gross revenue from OpenAI’s partners, which allows a more direct comparison with Anthropic. Much of the gap appears to reflect how revenue is counted and not a drop in sales. OpenAI also told investors its run rate grew 77% in the third quarter, with enterprise up 107%. CFO Sarah Friar told CNBC the company remains "very well capitalized." CoreWeave shares fell nearly 8% that day, while Nvidia fell 3% and Oracle nearly 6%.

Why OpenAI’s Revenue Matters for CoreWeaveOpenAI is one of CoreWeave’s largest customers. It has signed three contracts worth up to about $22.4 billion in total: up to $11.9 billion through October 2030, up to $4 billion through April 2029, and up to about $6.5 billion through May 2031. OpenAI also holds CoreWeave stock issued under its master services agreement. CoreWeave has financed its buildout with debt facilities secured by its data center assets, including a $2.6 billion facility designed to speed delivery of services for OpenAI. That makes OpenAI’s ability to keep paying for compute central to CoreWeave’s revenue and its ability to service its debt. A run rate that is growing but lower than expected raises questions about how comfortably OpenAI can fund its large compute commitments, even though it closed a $122 billion funding round in March.

The Stock Is Down 18% in a Month as Strong Growth Meets Heavy Funding NeedsCoreWeave shares are down about 18% over the past month and about 46% below their 52-week high of $153.20, though they remain up for the year, according to Yahoo Finance. The business itself has been growing quickly. Second-quarter revenue rose 112% to $2.575 billion, ahead of estimates. Operating cash flow turned positive at $679 million, and the company has a revenue backlog of about $104 billion. The other side of the story is funding. In September, CoreWeave announced plans to raise $3.0 billion through convertible senior notes and an at-the-market program of up to 35 million shares. Given how much capital the buildout requires, any doubt about a major customer’s ability to pay draws extra scrutiny.

Read Next

CoreWeave Shares DipCRWV Price Action: At the time of publication, CoreWeave shares are trading 6.31% lower at $72.90, according to data from Benzinga Pro.

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MILWAUKEE, Oct. 14, 2026 (GLOBE NEWSWIRE) -- Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial technology, today announced that it has surpassed five million Clover® devices shipped worldwide, marking continued adoption for its all-in-one business management platform.

The milestone reflects the value Fiserv delivers to businesses around the world by combining payment acceptance, software, hardware and value-added services on a single platform. Clover helps businesses manage critical operations, create stronger customer experiences and access capabilities that support growth in an increasingly connected commerce ecosystem. By helping businesses operate more efficiently, and serve customers more effectively, Clover enables the seamless, personalized experiences consumers increasingly expect.

Since reaching 1 million devices shipped worldwide in 2018, Fiserv has continued to expand the scale and reach of Clover:

1 million devices shipped worldwide as of 20182 million devices shipped worldwide as of 20213 million devices shipped worldwide as of 20234 million devices shipped worldwide as of 20255 million devices shipped worldwide as of 2026
“This milestone starts with our clients and the millions of businesses they serve,” said Takis Georgakopoulos, Chief Executive Officer, Fiserv. “Every Clover device connects a business to the broader capabilities of Fiserv, helping it accept payments, simplify operations and create better experiences for customers. Reaching 5 million devices shipped reflects the trust our clients place in Fiserv and strengthens our commitment to delivering the innovation, reliability, and scale they need to compete, grow, and succeed as commerce evolves.”

Clover gives businesses the flexibility to bring together payment acceptance, business management and customer engagement capabilities through an integrated platform. Its hardware, software and services can support a range of operational needs and commerce experiences, helping businesses manage more of their operations in one place.

For more information about Clover, visit www.clover.com.

About Fiserv

Fiserv, Inc. (NASDAQ: FISV), a Fortune 500 company, is a global leader uniting commerce and finance. The company powers sustained growth and innovation at scale for financial institutions and businesses worldwide across payments, account processing, digital banking, merchant acquiring, network services, e-commerce, and Clover®, the all-in-one business management platform. Fiserv is a member of the S&P 500® Index and one of FORTUNE® America’s Most Innovative Companies. Visit fiserv.com and follow on social media for more information and the latest company news.

Media Relations:

Melissa Moritz
Vice President, External Communications
[email protected]

Modine (MOD - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.

Over the past month, shares of this heating and cooling products maker have returned -3.5%, compared to the Zacks S&P 500 composite's +2.1% change. During this period, the Zacks Automotive - Original Equipment industry, which Modine falls in, has lost 7.4%. The key question now is: What could be the stock's future direction?

Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.

Revisions to Earnings EstimatesRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.

Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.

Modine is expected to post earnings of $1.47 per share for the current quarter, representing a year-over-year change of +38.7%. Over the last 30 days, the Zacks Consensus Estimate has changed -1.7%.

For the current fiscal year, the consensus earnings estimate of $7.68 points to a change of +53% from the prior year. Over the last 30 days, this estimate has changed +0.4%.

For the next fiscal year, the consensus earnings estimate of $10.75 indicates a change of +40% from what Modine is expected to report a year ago. Over the past month, the estimate has changed +0.1%.

Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Modine is rated Zacks Rank #2 (Buy).

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Revenue Growth ForecastWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.

For Modine, the consensus sales estimate for the current quarter of $964.62 million indicates a year-over-year change of +30.6%. For the current and next fiscal years, $4.04 billion and $4.9 billion estimates indicate +27% and +21.4% changes, respectively.

Last Reported Results and Surprise HistoryModine reported revenues of $874.1 million in the last reported quarter, representing a year-over-year change of +28%. EPS of $1.53 for the same period compares with $1.06 a year ago.

Compared to the Zacks Consensus Estimate of $875.57 million, the reported revenues represent a surprise of -0.17%. The EPS surprise was +20.47%.

The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period.

ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.

While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.

The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Modine is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Modine. However, its Zacks Rank #2 does suggest that it may outperform the broader market in the near term.

Trump's promise of massive Greenland mineral exploration sent one rare earth stock surging while leaving its closest peers behind, and the reason the gap opened up comes down to a single project on the island that no other U.S.-listed company…

Critical Metals (NASDAQ:CRML) stock is at $6.80, up 4% in morning trading, after President Donald Trump said massive exploration for oil, gas and minerals is preparing to begin in Greenland. The gain lands on the only one of three closely followed U.S.-listed rare earth names with a project on the island. Even with the jump, Critical Metals shares remain down 1% year to date.

Meanwhile, MP Materials (NYSE:MP) stock is down 2% to $41.71; it’s sitting out the rally that’s raising Critical Metals shares, and it’s down 16% year to date. Both companies sit inside the same U.S. push for rare earth supply chains outside China, which makes the gap between their stocks stand out.

Sector-wide, the VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) is down 1% to $56.96. Broader equities are a touch stronger, with the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) only down 0.35% to $775.30. That range of price moves frames the session as a trade focused on CRML stock rather than a revaluation of the broader rare-earth sector.

Trump’s Greenland Post Puts Tanbreez in Focus Trump made the comments in a social media post, describing Greenland as potentially holding some of the world’s largest easily accessible oil reserves. He named no projects, no operators and no timetable for the work, and for now the announcement reaches the market as a statement of intent, with no permit, contract or award attached.

Critical Metals is progressing its Tanbreez project in southern Greenland, which the company says contains 19 critical elements used across several industries. The company secured government approval for its mining plans there earlier this month, and it holds the only exploitation permit for rare earths in Greenland. Last month, the U.S., Denmark and Greenland reached an agreement to expand the American military presence on the island. The exploration post follows that deal.

Greenland Exposure Splits the Rare Earth Group As a development-stage business, Critical Metals holds purchase term sheets for its Greenland project, reports no operating revenue and has disclosed substantial going concern doubt. That profile ties its value almost entirely to the Tanbreez asset itself. Separately, the company is seeking Greenland government approval to raise its ownership stake in the project, which could compound that concentration.

MP Materials operates a producing mine at Mountain Pass in California, along with a magnet facility in Fort Worth, Texas. Peer USA Rare Earth (NASDAQ:USAR), with its Round Top project in Texas and a magnet plant in Stillwater, Oklahoma, is also domestic. Both sit entirely in the U.S., away from Greenland. USAR stock is down 3% to $10.95.

Tanbreez Still Needs a Place in the Plan Critical Metals now faces one open question: whether the exploration push Trump described becomes a specific program naming Tanbreez. Nothing announced so far does. Until that changes, the gain rests on a broad policy signal tied to the island as a whole.

Investors should consider keeping their position sizes modest until the Greenland exploration plans name specific projects, and any named role for Tanbreez in a formal program could mark the point where Trump’s announcement reaches Critical Metals directly. That step could also show whether Washington’s interest turns into easier financing for the project.

Contact [email protected] for any questions or corrections.

The European Commission said on Wednesday ​it was "in dialogue with Google" (GOOGL.O) over actions the company ‌may take in response to the $1 billion fines imposed by the EU in July and required changes to its app store and its ​search engine.

The Commission has fined Alphabet's Google €460 million ($511.43 ​million) and €430 million respectively for favouring its own services ⁠in shopping, hotels, transport and sports search results and for ​the restrictions for app developers on its app store Google ​Play.

"We are currently in dialogue with Google, so I'll not prejudge the outcome of this dialogue, but I can guarantee you that the ​Commission services are currently in dialogue with Google precisely on ​this issue," spokesperson Thomas Regnier said during a daily EU press briefing.

The ‌Commission ⁠ordered Google to comply with recommendations to treat rivals in a fair and non-discriminatory manner and allow app developers to steer users away from its app store within 60 days.

The Commission ​is aware that ​Google has ⁠already started implementing changes to its search engine results and has announced and implemented some ​changes to the service fees for app developers ​on ⁠Google Play, the spokesperson's office said in a statement.

"The Commission will carry out a thorough assessment of the measures. As part ⁠of ​this assessment, the Commission will seek the ​views of market operators and third parties," the statement said.

($1 = 0.8994 euros)

by Todd Bishop on

Microsoft CEO Satya Nadella gives the company’s founding mission an AI update at Build in June, a preview of the “Windows Hybrid Intelligence” initiative that the company unveiled last week. (Photo by Dan DeLong for Microsoft)
In less than four months, Microsoft has added roughly half an Amazon to its market value.

The tech giant’s stock has gained about $1.4 trillion in value since early summer, rising from $352.83 on June 25, its lowest close in more than a year, to a record close of $543.45 on Tuesday, giving it a market value just above $4 trillion. The increase over that period is nearly as much as Tesla is worth.

As stock turnarounds go, it’s extraordinary. In January, Microsoft lost $357 billion in a single day, the biggest one-day drop in its history, as investors worried about the company’s AI spending and its reliance on OpenAI. By midsummer, Microsoft was the worst performer this year among the big tech stocks known as the “Magnificent Seven,” according to Morningstar.

The rebound accelerated in late July, when Microsoft reported that Azure, its cloud platform, grew 43% and topped $100 billion in annual revenue. The stock jumped 15.5% the next day. It has mostly kept climbing since, as Microsoft rolled out a revamped Copilot app, a new AI push for Windows and new AI chips.

Microsoft isn’t rising alone. The broader stock market has also been hitting record highs, led by AI stocks. The S&P 500 closed above 7,800 for the first time last week, even as the benchmark 10-year Treasury yield reached its highest level since 2002.

Microsoft CEO Satya Nadella has been making a broader pitch along the way. In an essay posted on X in July, he warned that companies relying on outside AI labs “pay for intelligence twice, once with money, and again with something even more valuable,” meaning their own knowledge.

He urged businesses to keep control of that knowledge and avoid tying themselves to any one AI model. Microsoft sells access to models from OpenAI, Anthropic and others, along with its own.

Last weekend, he took up a related theme, calling on X for an “emergency brake” on advanced AI models. That means “separating the model from the harness that orchestrates its work,” he wrote. “We must assume a model is compromised and contain it from the start.”

The message also fits Microsoft’s business interests. As companies use AI models from multiple providers, the advantage could shift to companies like Microsoft that run the cloud and workplace software where businesses keep their data.

Microsoft reports its next quarterly results Oct. 28.

Bank of America Corp (NYSE:BAC), the US banking group, reported third-quarter net income of $6.9 billion after booking a $1.2 billion regulatory penalty, although rising interest income and wealth management fees supported stronger underlying performance.

Net income fell from $8.3 billion a year earlier, while earnings per share dropped to 91 cents from $1.04, reflecting the cost of the settlement.

Excluding the charge, adjusted net income reached $8.1 billion and adjusted earnings per share rose to $1.08, above the $1.04 reported in the same quarter last year.

Revenue increased 3% year-on-year to $30 billion, supported by an 8% rise in net interest income to $16.4 billion as loan and deposit balances grew and fixed-rate assets repriced at higher rates.

The regulatory charge followed consent orders announced on 13 October by US banking and financial crime authorities concerning aspects of the bank’s anti-money laundering, Bank Secrecy Act and economic sanctions compliance programmes.

Expenses rose to $19.7 billion from $17.3 billion, including the settlement charge, while the adjusted efficiency ratio improved the picture at 62%, compared with 60% a year earlier.

Wealth and investment management was a particular source of strength, with revenue rising 13% to $7.1 billion as asset management fees increased 16% to $4.5 billion.

Consumer banking revenue grew 4% to $11.6 billion, while combined credit and debit card spending rose 8% to $266 billion, indicating continued activity among retail customers.

However, investment banking fees across the group fell 11% to $1.8 billion, while sales and trading revenue declined 5% to $5.1 billion, including a 17% drop in fixed-income, currencies and commodities revenue.

Credit quality improved modestly, with net charge-offs falling to $1.3 billion from $1.4 billion in the previous quarter and the same quarter last year, while the provision for credit losses remained broadly stable at $1.3 billion.

The bank returned $8.3 billion to shareholders during the quarter through $2.2 billion in common stock dividends and $6 billion in share repurchases, while its standardised common equity tier 1 capital ratio stood at 10.9% at the end of September.

Shares of BAC dropped nearly 8% at Wednesday's open.

Travellers can discover Europe year-round with new winter adventures to the Canary Islands, Madeira and Morocco, summer adventures across Scandinavia and the Greek Isles, and visits to Royal Beach Club Santorini

, /PRNewswire/ -- Royal Caribbean is expanding its 2028-29 Europe lineup with the brand's boldest year-round season, offering more ways to explore the Mediterranean, Northern Europe and the Canary Islands across seven ships. For the first time, holidaymakers can explore Europe any time of year on Rhapsody of the Seas, from summer adventures with overnight stays in Egypt to winter getaways to the Canary Islands. Across the season, travellers can discover sought-after destinations throughout Greece, Turkey, Portugal, Spain and Northern Europe – including Royal Caribbean's return to Copenhagen and Stockholm – on 7-to 12-night holidays with experiences for all ages on board. Bookings for the European 2028-29 season are now open for Crown & Anchor Society loyalty members on Royal Caribbean's website ahead of the official opening on Thursday, Oct. 15.

Rhapsody of the Seas features a lineup of ways to relax and adventure, from rock climbing to dining on fresh sushi and Asian-inspired fare at Izumi, to taking in original entertainment and enjoying quality time under the sun or stars with the poolside movie screen.

Vacationers can experience the Ultimate Santorini Day with a full-day excursion of the Greek island’s must-see landmarks, headlined by Royal Beach Club Santorini. The beach club combines breathtaking volcanic beaches and views with Royal Caribbean’s signature service as part of a day of exploring the gems of the island at Oia and Fira. Holidaymakers exploring the Greek Isles can experience the Ultimate Santorini Day, a full-day excursion combining visits to Oia and Fira with access to Royal Beach Club Santorini, featuring a stunning beach, authentic local cuisine and more. At the beach club, guests can explore an open-air market showcasing a rotating selection from local businesses, including produce from Nomikos Estate; ouzo, tsikoudia and aged tsikoudia from Santorini distillery Canava Lyngos; and wine from Santo Wines. Select getaways with later evening stays give guests even more time to take in the island's scenery and experiences.

Europe 2028-29 Highlights

Rhapsody of the Seas – From Athens (Piraeus); Barcelona; and Lisbon, Portugal
Rhapsody will kick off Royal Caribbean's year-round Europe season with 7- to 12-night holidays from Athens (Piraeus), Barcelona and Lisbon. From May to October 2028, holidaymakers can explore the history and culture of Turkey and Egypt on 7-night getaways with overnight stays in Alexandria, Egypt and Istanbul or take in the sun-soaked destinations of Greece, including the Ultimate Santorini Day to spots around the island and Royal Beach Club Santorini. Starting November 2028, Rhapsody will deliver 9- to 12-night getaways visiting destinations across the Canary Islands, Portugal, Morocco, Cyprus, Malta and Greece. Holidaymakers can discover Tenerife's natural saltwater pools and Gran Canaria's Maspalomas Dunes, explore the vibrant cities of Casablanca and Tangier, Morocco, or experience overnight stays in Alexandria. The season also marks Royal Caribbean's return to Heraklion, Greece, and Cagliari, Sardinia, Italy for the first time in more than a decade. Between adventures, guests can relax by the outdoor pool or fully climatized Solarium, enjoy live entertainment, and dive into global cuisines from sushi at Izumi to premium steaks at Chops Grille. Explorer of the Seas – From Ravenna (Venice)
From May to October 2028, Explorer will deliver 7-night Mediterranean holidays to the Greek Isles and Croatia, with every holiday including later stays in Santorini for more time to soak up the island's iconic caldera views, whitewashed villages and spectacular sunsets, along with Royal Beach Club Santorini. Select getaways also feature visits to Kotor, Montenegro, where holidaymakers can enjoy a hike and a picnic in Lovcen National Park or walk through Kotor's Old Town. On deck, Royal Caribbean's signature experiences include the FlowRider surf simulator, The Perfect Storm waterslides, and the adults-only Solarium. Freedom of the Seas – From Southampton, England 
Adventurers on Freedom can choose from a range of 3- to 9-night holidays across Northern and Southern Europe from May to October 2028. Across the Norwegian fjords, the cityscapes of Copenhagen, Denmark, and Bruges (Zeebrugge), Belgium, and the coastlines of Bilbao, Spain, Paris (Le Havre), and Lisbon, holidaymakers can discover a variety of European experiences departing from Southampton. Freedom pairs European exploration with Royal Caribbean favourites, including The Perfect Storm waterslides, FlowRider surf simulator and glow-in-the-dark laser tag. Jewel of the Seas – From Copenhagen and Stockholm
Returning to Copenhagen, Stockholm and the Baltic, Jewel will sail from May to August 2028 on 7- to 11-night adventures visiting incredible destinations across Helsinki; Visby, Sweden; Gdansk (Gdynia), Poland, and Klaipeda, Lithuania, with itineraries highlighting Scandinavia's striking coastlines and centuries of Nordic history and culture. On Jewel, holidaymakers can enjoy a range of fan-favourite experiences, including the rock-climbing wall, adults-only Solarium and award-winning Broadway-style entertainment. Liberty of the Seas – From Barcelona, Athens (Piraeus), and Rome (Civitavecchia)
From May to October 2028, Liberty will take holidaymakers on 7- and 8-night getaways to the Greek Isles, plus adventures to the Mediterranean visiting Provence (Marseille), France, Sicily (Palermo), Italy, and Cagliari, Sardinia. Holidaymakers visiting Greece will enjoy later evening stays in Santorini, alongside the option to experience Royal Beach Club Santorini or choose from a variety of new excursions showcasing the prehistoric settlement of Akrotiri, visiting Fira or taking in the black sand beach of Perivolos. On the newly amplified Liberty, adventurers can kick back at the pool deck with the Lime & Coconut tropical tiki bar, take on the Royal Escape Room or enjoy hibachi at Izumi Teppanyaki. Mariner of the Seas – From Barcelona, Lisbon, Athens (Piraeus), and Ravenna (Venice)
Returning to the Mediterranean, Mariner will deliver 7-night holidays exploring some of the region's most sought-after destinations including Palma de Mallorca, Spain; Porto (Leixoes), Portugal, and Dubrovnik, Croatia. Between adventures ashore, holidaymakers sailing on Mariner can enjoy the ship's lineup of unrivalled attractions, from the FlowRider surf simulator and The Perfect Storm waterslides to popular dining venues including Jamie's Italian and Izumi. Odyssey of the Seas – From Rome (Civitavecchia)
From April to October 2028, Odyssey will return to Rome (Civitavecchia) for 7-night adventures through the Greek Isles, including visits to destinations like Ephesus, Turkey, and Mykonos, Greece. Holidaymakers can explore the islands with extended evenings in Santorini, with the option to spend the day at the Royal Beach Club Santorini, as part of their Ultimate Santorini Day. On Odyssey, travellers can make the most of sea days with the RipCord by iFLY skydiving simulator, the North Star observation capsule and SeaPlex, the largest indoor activity space at sea. Holidaymakers can learn more about new and upcoming European adventures by visiting Royal Caribbean's website.

About Royal Caribbean
Royal Caribbean, part of Royal Caribbean Group (NYSE: RCL), has delivered memorable vacations for more than 50 years. The cruise line's game-changing ships and exclusive destinations revolutionize vacations with industry-leading innovations and an all-encompassing combination of experiences, from thrills and ways to chill, to dining and entertainment, for every type of family and vacationer. Voted "Best Cruise Line Overall" for 23 consecutive years in the Travel Weekly Readers Choice Awards, Royal Caribbean makes memories with adventurers across more than 300 destinations in 80 countries on all seven continents, including Perfect Day CocoCay in The Bahamas and Royal Beach Clubs in Paradise Island and Santorini, plus Royal Beach Club Lelepa coming soon.

Media can stay up to date by following @RoyalCaribPR on X and visit www.RoyalCaribbeanPressCenter.com. For additional information or to book, vacationers can visit www.RoyalCaribbean.com, call (800) ROYAL-CARIBBEAN or contact their travel advisor.

SOURCE Royal Caribbean International

Take-Two Interactive Software Inc. (NASDAQ:TTWO) shares are in the spotlight, with recent analyst activity, anticipation for the Nov. 19 launch of Grand Theft Auto VI and earnings on the calendar all drawing attention.

Take-Two shares are trending higher. What’s driving TTWO shares up? Wells Fargo Cuts Near-Term Estimates but Keeps Its $300 Target for Take-TwoIn a recent note, Wells Fargo kept an Overweight rating and a $300 price target on Take-Two while cutting its near-term numbers. It lowered its quarterly bookings estimate by 2% and its adjusted EBITDA estimate by 4%, citing weaker NBA 2K unit assumptions, softer recurrent consumer spending and pressure in mobile. Its adjusted EBITDA range of $876 million to $900 million sits below the consensus of $926 million, according to Investing.com. Shares fell about 4% Tuesday and are down more than 20% this year.

The bullish case rests on GTA VI. Wells Fargo models about 50 million units at an average gross price of $90, well above the roughly 33 million units at $80 implied by Take-Two’s outlook, and it doesn’t expect any quantitative pre-order data before launch.

Raymond James and BofA Stay Bullish as GTA VI Leak Concerns SurfaceRaymond James reiterated a Strong Buy rating and a $300 price target Wednesday, addressing concerns about the GTA VI launch after recent leaks of unreleased footage. The firm said it sees limited impact. The vast majority of players are casual and unlikely to ever see the leaks, it said, and console players aren’t affected because the issues are confined to the PC platform. BofA Securities reaffirmed a Buy rating and a $368 price target, the high end of the Street range, amid the same leak concerns. MarketBeat shows a Moderate Buy consensus from 21 analysts with an average target of about $299, in a range of $170 to $368.

GTA VI Arrives Nov. 19, and Take-Two’s Fiscal 2027 Outlook Depends on ItGrand Theft Auto VI launches Nov. 19 on PlayStation 5 and Xbox Series X|S, after two prior delays, and pre-orders are live. Take-Two reiterated its fiscal 2027 net bookings outlook of $8.0 billion to $8.2 billion in August. CFO Lainie Goldstein said in May that this represents about 20% growth from fiscal 2026, driven mainly by the launch. That makes the strength of the rest of the portfolio the bridge to the release, which is why Wells Fargo’s NBA 2K and mobile concerns drew attention.

Take-Two Reports Q2 Results Nov. 9, 10 Days Before LaunchTake-Two announced Tuesday that it will report second-quarter results after the market closes on Monday, Nov. 9, with a call at 4:30 p.m. ET. In its fiscal first quarter, net bookings fell 3% to $1.39 billion, above guidance, and net revenue was $1.53 billion. Investors will watch for any change to the $8.0 billion to $8.2 billion outlook and for commentary on NBA 2K and mobile.

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Take-Two Shares Edge HigherTTWO Price Action: At the time of publication, Take-Two shares are trading 1.19% higher at $202.71, according to data from Benzinga Pro.

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