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3 Stocks That Could Benefit as the Robotaxi Race Heats UpMobileye Global NASDAQ: MBLY reported a largely stable second quarter for revenue while profitability improved sharply, as executives pointed to stronger-than-market EyeQ chip volumes, a new Israeli research and development incentive and an expanded push into robotaxis as key themes for the company’s next phase.

On the company’s second-quarter 2026 earnings call, President and Chief Executive Officer Amnon Shashua said Mobileye’s core business “continues to perform very well in 2026,” providing what he called “a strong foundation” for upcoming advanced product launches. For the quarter ended June 27, 2026, EyeQ volume rose 3% year over year, outperforming the production volume of Mobileye’s top 10 customers by more than eight percentage points, Shashua said.

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Netflix, Pulte, and Mobileye Are Buying Their Own Dips—Should You?Revenue was $508 million, which Chief Financial Officer Moran Shemesh said was relatively flat compared with the year-earlier quarter, Mobileye’s highest revenue quarter of 2025. Shemesh said volume totaled 10 million units, above the company’s expectations, driven by higher share within certain automakers, higher ADAS fitment rates in emerging markets and stronger China OEM export volume.

Profitability Boosted by Israeli R&D Incentive Mobileye’s adjusted operating income was $155 million in the second quarter, up 46% from a year earlier, while adjusted operating margin expanded to 31%, up about 10 percentage points from the second quarter of 2025. Shemesh said the increase was more than accounted for by the recognition of $93 million in contra R&D expense tied to a new R&D incentive enacted by the Israeli government during the quarter.

Mobileye's Manic Monday: A Buy Signal in Auto TechAbout half of that benefit related to the second quarter, while the other half reflected the retroactive first-quarter impact, Shemesh said. She added that the new regime became law during the second quarter but is effective from the start of 2026. Mobileye expects the benefit to continue in future years, though Shemesh noted it is subject to potential changes in law and could vary by quarter based on qualifying R&D expenditures, exchange rates and other factors.

Shashua said the first half of the year provides a more representative view of Mobileye’s underlying performance because the second quarter included the first-quarter R&D credit impact. First-half revenue rose 13% year over year, while production volume at the company’s core customers declined 3%, he said. First-half adjusted operating margin was 23%, up six percentage points from a year earlier. Mobileye generated $210 million of operating cash flow in the first half.

Guidance Raised for 2026 Mobileye increased its full-year revenue outlook to a midpoint of $1.995 billion and tightened the range, implying 4% to 7% revenue growth. Shemesh said the midpoint assumes slightly more than 39 million EyeQ units, nearly 1 million more than the company’s prior outlook. The upside is being partially offset by lower expectations in the aftermarket and Moovit businesses and the pushout of some advanced product samples into 2027.

The company also raised its adjusted operating income outlook to a midpoint of $395 million, up from $210 million previously. Mobileye is incorporating $180 million to $200 million of benefit from the R&D incentive in its full-year outlook. Shemesh said this positive impact, along with higher revenue, is being partly offset by increased spending to support early robotaxi expansion activities and a modest rise in operating expenses related primarily to foreign exchange.

For the third quarter, Shemesh said Mobileye expects 9.3 million to 9.5 million EyeQ units and revenue to decline about 5% to 6% year over year. Gross margin is expected to be slightly below second-quarter levels, while operating expenses excluding the R&D incentive are expected to rise slightly from the second quarter due to typical seasonality.

Robotaxi Strategy Expands Beyond Supplying Technology Shashua said Mobileye has decided to establish a “fully vertically integrated robotaxi offering” in which the company will control all aspects of the value chain. The initiative targets a 2027 launch in at least one U.S. city and will proceed in parallel with Mobileye’s existing self-driving system development.

Shashua said Mobileye has gained confidence from the progress of its work with Volkswagen Group company MOIA, including public rider testing with safety drivers in Hamburg, Germany, using vehicles equipped with Mobileye’s self-driving system. He said the company expects additional milestones through 2026 and 2027.

During the question-and-answer portion of the call, Shashua said several factors had changed since Mobileye previously considered whether to operate robotaxi fleets itself. He cited increased availability of level-four-ready base vehicles, more mature compute and sensor stacks, and greater clarity on demand and revenue per robotaxi. He said Mobileye’s calculations indicate revenue of about $125,000 per robotaxi per year, which he called conservative, and a vehicle cost below $100,000 with Mobileye’s sensors and compute.

Shashua said the strategy would give Mobileye flexibility, including operating vehicles in its own service, deploying them on third-party platforms or selling vehicles to robotaxi operators with recurring revenue as vehicles generate rider fares. The company plans to use Moovit, its mobility division, for fleet supply, demand optimization, trip planning and rider engagement. Shashua said Moovit will shift resources away from the B2B side of its business and reduce headcount to focus on the new strategy.

ADAS, China Exports and Advanced Programs Mobileye executives said the company continues to benefit from several secular drivers, including growth in India, exports by Chinese automakers into emerging markets and new customer wins. Shashua said Surround ADAS is expected to drive average selling price growth starting in 2028.

Shashua also discussed recent Stellantis awards, saying Mobileye won a high-volume 2027 program with Cloud-Enhanced ADAS that supports highway hands-free driving in a cost-efficient package. He said a lower-volume, later-timing, higher-risk program was awarded to other suppliers, an outcome he described as consistent with how automakers are allocating risk.

Nimrod Nehushtan, executive vice president of business development and strategy, said the Stellantis program is an upgrade of an existing production project and will introduce REM through Cloud-Enhanced ADAS. He said the implementation is relatively straightforward for the automaker and provides Mobileye with a tailwind in average selling price. Nehushtan said Stellantis intends to adopt the technology broadly across its vehicles beginning in 2027, gradually moving toward standard-fit integration of REM in its fleet.

On China, Nehushtan said Mobileye has benefited from export growth at Chinese automakers including Geely and Chery, with “the vast majority” of those export volumes using Mobileye’s EyeQ system. He said those automakers have also nominated Mobileye for future programs, which he described as a vote of confidence in Mobileye’s system for export markets.

CEO Succession and Long-Term Opportunities Shashua addressed his decision to step down as chief executive once a successor is appointed, saying Mobileye is entering a new phase as SuperVision, Chauffeur and Drive move toward commercialization. He said the board has assembled a search committee and is “casting a wide net” for the company’s next leader.

Following the appointment of a successor, Shashua said he aims to focus on technology strategy, innovation and long-term opportunities. He identified robotaxis and humanoid robotics as major long-term opportunities built on the same “physical AI foundation.”

In response to analyst questions, Shashua said he believes autonomous vehicle technology is “largely solved” from a scientific standpoint for the programs Mobileye has underway, while humanoid robotics remains an area where he wants to spend more time. He said Mobileye is still targeting 2028 for an initial humanoid robot deployment, with a business-to-consumer focus and about 500 units expected to be built that year.

About Mobileye Global (NASDAQ:MBLY)Mobileye Global Inc NASDAQ: MBLY is a leader in the development of advanced driver-assistance systems (ADAS) and autonomous driving technologies. Headquartered in Jerusalem, Israel, the company designs and supplies computer vision-based solutions that enable vehicles to detect and respond to road conditions, obstacles and signage. Mobileye's core offering centers on its proprietary EyeQ system-on-a-chip (SoC) family, which processes video streams from automotive cameras to deliver features such as lane-keeping assist, adaptive cruise control, collision prevention and traffic sign recognition.

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Tempus AI (TEM - Free Report) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 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 July 30, 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 health care technology company is expected to post quarterly loss of $0.12 per share in its upcoming report, which represents a year-over-year change of +45.5%.

Revenues are expected to be $381.58 million, up 21.3% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 3.59% 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 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. 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 Tempus?For Tempus, 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 +21.74%.

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

So, this combination indicates that Tempus 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 Tempus would post a loss of$0.21 per share when it actually produced a loss of -$0.13, delivering a surprise of +38.10%.

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.

Tempus 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.

At a CISO roundtable organized by Anthropic's chief information security officer, Dev Rishi asked a simple question: Did everyone in the room have their AI governance and security policies written down? Every hand went up — about 14 people, by his count.

Shares of Bright Minds Biosciences Inc. (DRUG - Free Report) have gained 14% over the past four weeks to close the last trading session at $75.46, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $156.6 indicates a potential upside of 107.5%.

The average comprises five short-term price targets ranging from a low of $126.00 to a high of $220.00, with a standard deviation of $36.46. While the lowest estimate indicates an increase of 67% from the current price level, the most optimistic estimate points to a 191.6% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.

While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's because the ability and unbiasedness of analysts in setting price targets have long been questionable.

But, for DRUG, an impressive average price target is not the only indicator of a potential upside. Strong agreement among analysts about the company's ability to report better earnings than they predicted earlier strengthens this view. While a positive trend in earnings estimate revisions doesn't gauge how much a stock could gain, it has proven to be powerful in predicting an upside.

Price, Consensus and EPS Surprise

Here's What You Should Know About Analysts' Price TargetsAccording to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.

While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?

They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.

However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.

That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.

Why DRUG Could Witness a Solid UpsideAnalysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason to expect an upside in the stock. That's because empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

For the current year, one estimate has moved higher over the last 30 days compared to no negative revision. As a result, the Zacks Consensus Estimate has increased 0.8%.

Moreover, DRUG currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Therefore, while the consensus price target may not be a reliable indicator of how much DRUG could gain, the direction of price movement it implies does appear to be a good guide.

Key Takeaways GE Vernova reported a $176B backlog as equipment orders more than doubled in Q2.GE Vernova raised 2026 revenues and free cash flow guidance after strong cash generation.GE Vernova signed 20 GW of gas power orders and slot reservation agreements in the quarter. GE Vernova Inc. (GEV - Free Report) used its second-quarter earnings call to press a bigger long-term capacity case, arguing that demand in gas power and electrification is broadening faster than near-term earnings noise would suggest. Scott Strazik and Kenneth Parks centered the discussion on backlog, output expansion and cash generation rather than the quarterly earnings per share (EPS) miss.

Management raised full-year revenues and free cash flow guidance, outlined a path to 30 gigawatts of annual gas output by 2030 and pointed to data center demand as an expanding revenue opportunity across electrification products.

GEV Backlog Keeps Moving Higher

Chief executive officer Scott Strazik said that equipment orders more than doubled in the quarter and service orders rose 15%, pushing the total backlog to $176 billion. Strazik added that backlog was up $13 billion sequentially and remains on track to reach $200 billion in 2027.

Chief financial officer Kenneth Parks said that second-quarter orders reached $24.2 billion, up 88% year over year, with a book-to-bill ratio of more than 2 times. Equipment backlog climbed to $88 billion, while services backlog also reached $88 billion, helped by Power.

GEV reported earnings of $2.47 per share, missing the Zacks Consensus Estimate of $3.17. The company reported revenues of $11.10 billion, which beat the consensus mark of $10.77 billion. The quarter’s central investor message, though, was that backlog growth and cash conversion carried more weight in management’s narrative than the EPS shortfall.

GE Vernova Pushes Gas Capacity Higher

Strazik said that GE Vernova signed 20 gigawatts of gas power orders and slot reservation agreements in the quarter, lifting total gigawatts under contract from 100 to 116 sequentially. He said that the company now expects at least 125 gigawatts under contract by year-end.

Strazik also laid out a more ambitious output plan. After reiterating that GE Vernova is on track for a 20-gigawatt annualized run rate in the third quarter and 24 gigawatts in 2028, the company now sees a capital-efficient path to 30 gigawatts of annual gas output in 2030 using lean improvements, incremental machinery and existing factory space.

In Q&A, Strazik said that most of that 2030 capacity will already be sold this year and more than half of 2031 slots should be under contract by year-end. He also tied today’s equipment build-out to future services demand, noting that the growing HA turbine fleet will create a larger outage and maintenance opportunity later in the next decade.

GEV Lifts 2026 Revenues and Cash View

Parks said that second-quarter free cash flow was $5.1 billion, helped by a $6.4 billion working capital benefit from higher down payments tied to gas slot reservations and stronger electrification orders. Year to date, free cash flow reached roughly $9.9 billion, already more than all of 2025.

That strength drove a sharp guidance increase. GE Vernova now expects 2026 revenues of $45.5 billion to $46.5 billion, up from $44.5 billion to $45.5 billion, and free cash flow of $11.5 billion to $12.5 billion, up from $6.5 billion to $7.5 billion. Adjusted EBITDA margin guidance stayed at 12% to 14%.

Parks said that the company ended the quarter with about $13 billion of cash after returning $2.5 billion to shareholders in the quarter and about $3.9 billion year to date. He also said that GE Vernova remains committed to an investment-grade balance sheet.

GE Vernova Finds a Bigger Data Center Opening

Strazik said that electrification booked $2.7 billion of data center orders in the second quarter, bringing the first-half total above $5 billion, more than double the full-year 2025 level. Parks said that segment orders rose 66% year over year to roughly $6.3 billion, with especially strong demand in substations, switchgear and transformers.

Management also used the call to widen the discussion beyond today’s product set. Strazik said that GE Vernova’s current data center revenue scope of roughly $300 million per gigawatt could expand by two to three times as products such as medium-voltage uninterruptible power supply blocks and solid-state transformers move toward commercialization.

Solid-state transformer orders were framed as a 2027 and beyond story, while medium-voltage UPS products could begin contributing sooner if current customer work advances into orders.

GEV Q&A Reinforces Demand Confidence

Questions from Deutsche Bank, BofA and Wolfe Research pressed management on whether the gas demand cycle is becoming too front-loaded. Strazik answered by emphasizing geographic breadth, citing activity in the United States, Brazil, Qatar, Taiwan, Saudi Arabia and Mexico, while also pointing to continuing discussions for 2032 and beyond.

A Morgan Stanley analyst asked whether 2026 could mark peak gas turbine orders. Strazik declined that framing and instead said GE Vernova sees a clear pathway to continue growing contracted gigawatts through 2027, even as conversion timing will depend on engineering, procurement and construction readiness.

The tone in Q&A was notably firm. Management did not retreat from the demand outlook when pushed on industry capacity, labor ramp or project timing, and Parks added that labor investments had been made early enough to support the move from 15 to 20 gigawatts.

GE Vernova Stays Focused on Execution

The closing message from management was that GE Vernova sees itself operating from a position of strength, with backlog, pricing and customer down payments funding a larger build-out cycle. Strazik repeatedly tied that stance to lean execution, robotics, automation and disciplined capital allocation.

Just as important, the company did not portray the quarter as a one-off spike. The call framed current demand as part of a multiyear electricity investment cycle spanning gas power, grid equipment and service revenue tied to the installed base.

Zacks Rank and Style Scores Signal

Currently, GEV carries a Zacks Rank #2 (Buy), along with a Growth Score of B, a Momentum Score of B, a Value Score of F and a VGM Score of C. Zacks Rank #1 (Strong Buy) and #2 stocks have the strongest near-term earnings revision profile, while A and B Style Scores point to more attractive characteristics within value, growth or momentum disciplines. You can see the complete list of today’s Zacks #1 Rank stocks here.

That mix points to stronger growth and momentum characteristics than value appeal right now. The VGM Score of C suggests a more balanced, middle-of-the-pack profile when all three style factors are combined, and the Zacks Rank can change as analysts revise estimates after the just-reported results.

NNE appears to hold more promise than SMR, with stronger earnings surprises, a narrower share decline and KRONOS moving into NRC review.

APLD's fiscal Q4 report may highlight booming AI infrastructure growth, but profitability challenges remain in focus.

Key Takeaways Rogers Communications' Q2 earnings beat estimates while revenues rose 7.6% Y/Y.Media revenues surged 53%, driven by MLSE consolidation and higher Blue Jays attendance.Free cash flow rose 6% to C$982 million, while debt leverage improved to 3.8 times. Rogers Communications (RCI - Free Report) reported second-quarter 2026 adjusted earnings of 83 cents per share, beating the Zacks Consensus Estimate by 3.75% and up 1.2% year over year.

In domestic currency (Canadian dollar), adjusted earnings increased 1% year over year to C$1.15 per share.

Revenues of $4.06 billion surpassed the consensus mark by 2.45% and increased 7.6% year over year.

Total revenues increased 7.7% year over year to C$5.62 billion, primarily driven by growth in the Media businesses. Total service revenues increased 8% year over year to C$5.06 billion in the quarter.

Q2 Segmental Details of RCIWireless DetailsWireless revenues were unchanged year over year at C$2.54 billion. Wireless Service revenues were stable at C$1.99 billion, as subscriber growth was offset by lower mobile phone average revenue per user, or ARPU. Equipment revenues increased 2% to C$550 million on a shift toward higher-value devices.

Adjusted EBITDA increased 1% to C$1.31 billion. The margin expanded 70 basis points to 66%. Monthly mobile phone ARPU declined to C$54.25 from C$55.45.

As of June 30, 2026, the prepaid mobile phone subscriber base totaled 1.22 million, an increase of 63K subscribers from the prior-year period. The monthly churn rate was 5.01% compared with 3.23% reported in the year-ago quarter.

As of June 30, 2026, the postpaid wireless subscriber base totaled 11.05 million, representing net additions of 135K subscribers year over year. Postpaid mobile phone churn improved 6 basis points year over year to 0.94%.

Wireless segment operating costs decreased 0.6% year over year to C$1.23 billion.

Cable DetailsCable revenues increased 1% year over year to C$1.98 billion. Service revenues also rose 1% to C$1.97 billion, supported by retail Internet subscriber growth and base management actions, partly offset by declines in Video and Home Phone subscribers.

Cable adjusted EBITDA increased 1% to C$1.16 billion, with the margin improving 10 basis points to 58.4%. Retail Internet net additions totaled 17K, while customer relationship net additions were 9K. Monthly ARPA slipped to C$135.49 from C$135.74 reported in the year-ago quarter.

As of June 30, 2026, the retail Internet subscriber count was nearly 4.521 million, representing a net increase of 75K subscribers year over year.

As of June 30, 2026, total Smart Home Monitoring subscribers reached 158K, indicating an increase of 17K subscribers. The total Home Phone subscriber count was nearly 1.33 million, reflecting a loss of 119K customers in the reported quarter.

Cable segment operating costs increased 0.6% year over year to C$826 million.

Media DetailsMedia revenues surged 53% to C$1.16 billion, reflecting about C$310 million from the consolidation of Maple Leaf Sports & Entertainment beginning in the second half of 2025. Excluding MLSE, organic revenues increased 13%, led by higher Toronto Blue Jays attendance and sponsorships.

Media adjusted EBITDA climbed to C$69 million from C$8 million. Operating costs increased 45% to C$1.09 billion, reflecting roughly C$230 million of added MLSE costs, higher Blue Jays player salaries and game-day expenses, and increased programming costs. Lower advertising revenues remained a headwind.

Consolidated ResultsConsolidated adjusted EBITDA increased 3% to C$2.44 billion, while the adjusted EBITDA margin contracted 180 basis points to 43.5%. Depreciation and amortization increased 1% to C$1.19 billion, while finance costs declined 10% to C$565 million.

Operating costs increased 11.2% to C$3.17 billion. As a percentage of revenues, operating costs expanded 180 bps to 56.5%.

RCI’s Q2 Balance Sheet & Cash Flow DetailsAs of June 30, 2026, Rogers Communications had C$6.1 billion of available liquidity, including C$1.7 billion in cash and cash equivalents and C$4.4 billion available under bank and other credit facilities. In comparison, the company had C$5.9 billion of available liquidity as of Dec. 31, 2025.

Rogers Communications’ debt leverage ratio was 3.8 times as of June 30, 2026, improved from 3.9 times as of Dec. 31, 2025.

Cash provided by operating activities declined 5% to C$1.52 billion due to higher investment in operating assets and liabilities, partly offset by increased adjusted EBITDA. Free cash flow rose 6% to C$982 million, aided by lower capital expenditures and higher adjusted EBITDA.

Rogers Communications paid dividends worth C$270 million and declared a C$0.50 per share dividend on July 21, 2026.

RCI Reaffirms 2026 OutlookFor 2026, RCI maintained its expectations for total service revenue growth of 3%-5% and adjusted EBITDA growth of 1%-3%. Capital expenditures are projected between C$2.5 billion and C$2.7 billion.

Free cash flow is expected in the C$4.1 billion to C$4.3 billion range. The company expects its C$4.35 billion purchase of the remaining 25% interest in MLSE to close in the fourth quarter, subject to league approvals. Rogers Communications then intends to pursue the sale of a minority interest in its consolidated sports, media and entertainment assets.

RCI’s Zacks Rank & Stocks to ConsiderCurrently, RCI carries a Zacks Rank #4 (Sell).

Some better-ranked stocks that investors can consider in the broader Zacks Utilities sector are Ameren Corporation (AEE - Free Report) , Ballard Power Systems (BLDP - Free Report) and Edison International (EIX - Free Report) , each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Ameren shares have returned 12.2% in the year-to-date period. AEE is set to report its second-quarter 2026 results on July 30.

Ballard Power Systems shares have gained 22.1% in the year-to-date period. BLDP is set to report its second-quarter 2026 results on July 31.

Edison International shares have risen 33.9% in the year-to-date period. EIX is set to report its second-quarter 2026 results on July 30.

Navitas Semiconductor heads into second-quarter earnings on strong AI data center momentum, amid near-term revenue transition risks and a rich valuation.

Dime Community (DCOM - Free Report) reported $126.45 million in revenue for the quarter ended June 2026, representing a year-over-year increase of 15.3%. EPS of $0.79 for the same period compares to $0.64 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $122.02 million, representing a surprise of +3.64%. The company delivered an EPS surprise of +3.95%, with the consensus EPS estimate being $0.76.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Dime Community performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

NCOs / Average loans: 0.4% versus 0.2% estimated by two analysts on average.Net Interest Margin: 3.3% versus the two-analyst average estimate of 3.2%.Average Balance - Total interest-earning assets: $14.09 billion versus the two-analyst average estimate of $14.17 billion.Efficiency Ratio: 51.2% versus 53.1% estimated by two analysts on average.Gain on sale of residential loans: $0.05 million versus $-0.74 million estimated by two analysts on average.Net Interest Income: $115.19 million versus $112.45 million estimated by two analysts on average.BOLI income: $5.04 million versus the two-analyst average estimate of $4.25 million.Loan level derivative income: $0.54 million compared to the $0.74 million average estimate based on two analysts.Non-interest income- Other: $0.74 million versus $0.88 million estimated by two analysts on average.Service charges and other fees: $6.48 million versus $5.27 million estimated by two analysts on average.Total Non-Interest Income: $11.27 million compared to the $9.57 million average estimate based on two analysts.View all Key Company Metrics for Dime Community here>>>

Shares of Dime Community have returned -0.8% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Key Takeaways PUMP to report Q2 results July 29, with consensus estimating a cent per share loss on $300.51M in revenues.PUMP likely benefited from stronger Permian completion activity and disciplined cost management in Q2.PUMP's Q2 revenues are expected to decline year over year as hydraulic fracturing and cementing sales soften. ProPetro Holding Corp. (PUMP - Free Report) is set to release second-quarter 2026 results before the market opens on July 29. The Zacks Consensus Estimate for the to-be-reported quarter is pegged at a loss of one cent per share on revenues of $300.51 million.

Let us delve into the factors that are likely to have influenced the oilfield service provider’s performance in the to-be-reported quarter. But first, it is worth taking a look at PUMP’s performance in the last reported quarter.

Highlights of PUMP’s Q1 Earnings & Surprise HistoryIn the last reported quarter, the Midland, TX-based oil and gas equipment and services company reported an adjusted profit of 3 cents per share, against the Zacks Consensus Estimate of a loss of 12 cents, driven by disciplined cost management. Revenues of $271 million also marginally beat the consensus mark of $270 million.

PUMP’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed in one, delivering an average negative surprise of 17.21%.

This is depicted in the graph below: 

Trend in PUMP’s Estimate RevisionThe Zacks Consensus Estimate for second-quarter 2026 earnings has witnessed three upward and no downward movements in the past 30 days. The consensus estimate indicates year-over-year earnings growth of 85.71%. However, the Zacks Consensus Estimate for revenues implies a 7.86% decline from the year-ago quarter.

Factors to Consider Ahead of PUMP’s Q2 ReleaseProPetro generates revenues by delivering pressure pumping and other well-completion services to exploration and production companies, which pay it to help complete and enhance oil and natural gas wells.

ProPetro's second-quarter results are likely to benefit from improving completion activity in the Permian Basin. The company is expected to have operated approximately 12 active hydraulic fracturing fleets during the quarter, supported by stronger customer demand and improving completion activity. Higher utilization of its FORCE electric fracturing fleets and growing adoption of natural gas-powered equipment are also likely to have supported operating margins by lowering fuel costs and improving efficiency. Additionally, continued cost discipline and progress in the PROPWR business are likely to have provided incremental support to its earnings.

The reduction in PUMP's costs is expected to have improved its bottom line. PUMP's cost of services (excluding depreciation and amortization) is projected to reach $237 million in the second quarter, down 6.4% from the year-ago quarter's $253.2 million. Meanwhile, depreciation and amortization expense is projected to reach $41.9 million in the second quarter, down 3.4% from the year-ago quarter's level.

On the bearish side, PUMP's total revenues are expected to have suffered in the quarter to be reported. The Zacks Consensus Estimate indicates a decrease in second-quarter 2026 revenues from the year-ago quarter’s $326.2 million. Our model predicts revenues from the hydraulic fracturing services to be $210.2 million, down from $245.7 million in the year-ago period.  Meanwhile, our model forecasts revenues from cementing services of $30.5 million, down from $32.4 million in the year-ago period.

What Does Our Model Predict for PUMP?Our proven model predicts an earnings beat for PUMP this time. A stock needs to have a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to beat earnings. This is exactly the case here.

PUMP’s Earnings ESP: Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, for this company is +52.38%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

PUMP’s Zacks Rank: PUMP currently carries a Zacks Rank #2.

Other Stocks to ConsiderHere are some other firms from the energy space that you may want to consider, as these, too, have the right combination of elements to post an earnings beat this reporting cycle.

BP (BP - Free Report) has an Earnings ESP of +3.48% and a Zacks Rank #3. The firm is scheduled to release earnings on Aug. 4. You can see the complete list of today’s Zacks #1 Rank stocks here.

BP is valued at $112 billion. It is a global integrated energy company engaged in oil and natural gas exploration and production, refining, fuel marketing, petrochemicals and renewable energy businesses. BP's earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 22.98%.

Murphy Oil (MUR - Free Report) has an Earnings ESP of +10.92% and a Zacks Rank #3. The firm is scheduled to release earnings on Aug. 5.  Murphy Oil is an independent oil and natural gas exploration and production company with operations in the United States, Canada and offshore international markets, focusing on the development of conventional and unconventional hydrocarbon resources.

The company is valued at $5.35 billion. Murphy Oil's earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 117.54%.

Helmerich & Payne (HP - Free Report) has an Earnings ESP of +9.64% and a Zacks Rank #3. The firm is scheduled to release earnings on Aug. 5.

Helmerich & Payne is valued at $3.46 billion. The company is a leading provider of drilling solutions, offering land and offshore contract drilling services and advanced drilling technologies to oil and natural gas exploration and production companies.

New York, New York--(Newsfile Corp. - July 23, 2026) - Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against Futu Holdings Limited (NASDAQ: FUTU) and certain of its officers.

This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Futu securities between May 24, 2023 and May 27, 2026, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: bgandg.com/FUTU.

Futu Case Details

The Complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements and/or failed to disclose that:

Futu was not in compliance with the requirements of the China Securities Regulatory Commission ("CSRC"), including because Futu continued to conduct securities business, public fund sales business, and futures business in mainland China without obtaining the requisite licenses or approval; as a result, Futu was reasonably likely to face regulatory penalties, including the disgorgement of ill-gotten gains and other penalties; and as a result of the foregoing, Futu's financial results were overstated; and as a result of the foregoing, defendants' positive statements about Futu's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.What's Next for Futu Investors?

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm's site: bgandg.com/FUTU, or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in Futu you have until August 25, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.

No Cost to Futu Investors

We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.

Why Bronstein, Gewirtz & Grossman, LLC for Futu Securities Class Action?

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com

"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.

Follow us for updates on LinkedIn, X, Facebook, or Instagram.

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Prior results do not guarantee similar outcomes.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/303321

Source: Bronstein, Gewirtz & Grossman, LLC

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, /PRNewswire/ -- MAG Capital Partners today announced it has completed the sale of more than 1.37 million square feet of long-term, net-leased industrial assets primarily acquired through its MAGCP Industrial Fund II, LP, in a six-property, ~$89 million transaction with Fundamental Income Properties, a wholly-owned subsidiary of Starwood Property Trust (NYSE: STWD).

Dax T.S. Mitchell, principal and co-founder of MAG Capital Partners, said, "MAG Capital Partners continues to scale its various platforms, all focused on supporting U.S. manufacturers with growth capital needs through industrial real estate and corporate  investment. This transaction is a testament to the strength and quality of the middle market, incredible operators, sponsors and the  important role of manufacturing as a powerful American economic driver.

"The future is bright for net lease industrial," stated Mitchell.

The triple-net-lease portfolio consists of six industrial manufacturing properties across the Midwest. John Dehn and Eric Wood, senior vice presidents of MAG Capital Partners' Phoenix office, worked on the disposition for the seller.

"The opportunity to close this portfolio with Fundamental Income speaks to the quality of our underlying investments," remarked Wood. "We have known the founders for many years and look forward to working with the team again."

About MAG Capital Partners, LLC

Founded in 2015 by Dax T.S. Mitchell and Andrew Gi, Dallas-based MAG Capital Partners invests in net-leased industrial properties and small-mid-cap operating companies in the U.S. Headquartered at Old Parkland, the firm makes acquisitions through its industrial real estate funds, its multi-tenant industrial vehicle, SWORD Industrial Partners, and private equity platform, MAGCP Equity.

SOURCE MAG Capital Partners LLC

It has been about a month since the last earnings report for Cerebras (CBRS - Free Report) . Shares have added about 15.1% in that time frame, outperforming the S&P 500.

Will the recent positive trend continue leading up to its next earnings release, or is Cerebras due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its latest earnings report in order to get a better handle on the important drivers.

Cerebras Q1 Earnings Beat Estimates, Revenues Increase Y/YCerebras reported a first-quarter 2026 loss of 4 cents per share, 71.43% narrower than the Zacks Consensus Estimate of a loss of 14 cents. The GAAP net loss per share narrowed year over year to 22 cents from 46 cents.

Revenues were $193.4 million, up 94% year over year and 13% sequentially, and topped the consensus estimate by 7.04%. Strength was driven by demand for AI infrastructure, with cloud and other services revenues up 178% and a new OpenAI agreement for 750 megawatts of high-speed inference compute. Core revenues, a non-GAAP measure that excludes customer warrant amortization and data center pass-through items, were $191.3 million, up 92% from the year-ago quarter.

The quarter benefited from strength across hardware and cloud-based offerings. Hardware revenues were $110.6 million, rising 59% year over year, while cloud and other services revenues were $82.8 million, reflecting the rapid adoption of Cerebras’ AI infrastructure platform.

Cerebras Gains From Strategic AI DealsThe company announced a multi-year deal with OpenAI valued at more than $20 billion. Under the agreement, OpenAI will deploy 750 megawatts of Cerebras’ high-speed inference compute over the next several years.

Cerebras also co-launched Codex-Spark, a model built for near-instant coding workflows where latency matters. The model delivers more than 1,000 tokens per second, underscoring the company’s focus on faster inference for interactive AI applications.

CBRS Expands Cloud Reach With AWSCerebras began a multi-year partnership with Amazon’s cloud computing platform, Amazon Web Services (AWS), to bring fast inference to a broader base of startups, AI-native companies and enterprises. The partnership expands the company’s distribution reach at a time when demand for low-latency AI infrastructure continues to scale.

The companies plan to launch a disaggregated inference strategy. AWS Trainium 3 chips will perform the prefill stage, while the Cerebras CS-3 will handle high-speed inference for decoding, combining the strengths of both platforms.

Cerebras’ Product Trials Add MomentumThe company launched enterprise customer trials of Kimi K2.6 and Gemma 4 during the quarter. Kimi K2.6 is an open-weight frontier model, and the first trillion-parameter model served on Cerebras.

Kimi K2.6 achieved performance approaching 1,000 tokens per second, as independently measured by Artificial Analysis. Gemma 4 31B, part of Google DeepMind’s open-weight Gemma family, runs an order of magnitude faster on Cerebras based on scores on the Artificial Analysis Intelligence Index.

CBRS’ Q1 Operating DetailsIn the first quarter of 2026, the GAAP gross margin was 45%. Hardware’s gross margin was 41%, while cloud and other services’ gross margin came in at 49%.

The core gross margin was 47%. The core hardware gross margin was 42%, whereas the core cloud and other services gross margin was 53%, showing a stronger profitability profile for the company’s non-GAAP cloud and services operations.

Operating expenses totaled $101.2 million. Research and development expenses were $75.5 million, sales and marketing expenses were $14.7 million, and general and administrative expenses were $11 million, reflecting continued investment in product innovation and market expansion.

The GAAP loss from operations was $15 million compared with $28.5 million in the year-ago quarter. The core operating loss narrowed to $3.5 million from $19.3 million a year earlier.

In the first quarter of 2026, adjusted EBITDA turned positive at $12.7 million from a loss of $15.4 million in the prior year.

CBRS’ Balance SheetThe balance sheet strengthened meaningfully. As of March 31, 2026, cash, cash equivalents, restricted cash, and short-term investments were $3.3 billion.

Net cash provided by operating activities was $12.3 million compared with net cash used in operating activities of $54.9 million.

CBRS’ Outlook Signals Continued ExpansionFor the second quarter of 2026, Cerebras expects core revenues of $194 million, implying 88% year-over-year growth. The core gross margin is expected to be 36-38%.

For 2026, management expects core revenues of $855-$865 million, indicating a 69% year-over-year surge at the midpoint. The core gross margin is projected to be 38-41%.

How Have Estimates Been Moving Since Then?It turns out, fresh estimates have trended upward during the past month.

The consensus estimate has shifted 27.2% due to these changes.

VGM ScoresCurrently, Cerebras has a average Growth Score of C, a score with the same score on the momentum front. Charting a somewhat similar path, the stock has a score of D on the value side, putting it in the bottom 40% for value investors.

Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been trending upward for the stock, and the magnitude of these revisions looks promising. Interestingly, Cerebras has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

SpaceX SPCX shares fell more than 3% on Thursday as investors awaited the company's delayed Starship test flight, a mission widely viewed as a key catalyst for the newly public space and artificial intelligence company.

The stock traded around $111.35 in early trading after tumbling 6.7% on Wednesday, extending a volatile stretch following its record-setting initial public offering.

Broader markets were also weaker, with futures tied to the S&P 500 and Dow Jones Industrial Average down 1.2% and 1.1%, respectively.

Investor attention is centered on SpaceX's 13th Starship test flight, scheduled to lift off from Texas later today.

The launch was originally planned for July 16 but was postponed for a week because of an engine issue.

The mission is expected to be closely watched by investors looking for evidence that the company can continue advancing its launch capabilities as it seeks to justify its premium valuation.

Shares have struggled since their initial surge following the IPO, with valuation concerns weighing on sentiment.

According to the information provided, SpaceX trades at roughly 40 times estimated 2026 sales, a multiple that investors have questioned given the company's size and current financial profile.

Bearish investors have continued to add to their positions as the stock declined below its IPO price.

According to Reuters, citing Ortex Technologies data through Tuesday, short sellers are sitting on an estimated $15.5 billion in paper profits since SpaceX's mid-June listing.

The stock has fallen below its $135 IPO price after reaching a post-listing high of $225.64 and dropped to a record low of $115.26 on Wednesday.

"There is no sign of short sellers taking profits on SpaceX," Ortex co-founder Peter Hillerberg told Reuters.

"If anything they are leaning in harder," Hillerberg added.

According to Ortex, approximately 360 million SpaceX shares, representing about 56% of the free float, were on loan through Tuesday, indicating sustained bearish positioning.

Chief Executive Elon Musk responded earlier this week with a warning aimed at investors betting against the company.

“Survival probability of firms who maintain significant short position in SPCX over time is very low,” Musk wrote in a post on X.

Analysts remain constructiveDespite the recent share price weakness, Wall Street analysts continue to maintain a largely positive outlook on SpaceX.

According to LSEG data, 27 of the 32 analysts covering the stock recommend buying it, while four have Hold-equivalent ratings and one recommends selling.

Supportive analysts argue that the company's Starlink satellite internet business, government launch operations, and Musk's history of attracting investor interest justify a valuation premium despite SpaceX reporting a net loss of nearly $5 billion last year.

Analysts have also identified Thursday's Starship test flight as a potential catalyst, with investors expected to assess the company's execution in its launch business ahead of its upcoming earnings report and the continued expansion of its public float.

Wall Street expects a year-over-year decline in earnings on lower revenues when CNX Resources Corporation. (CNX - Free Report) reports results for the quarter ended June 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 July 30, 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 company is expected to post quarterly earnings of $0.57 per share in its upcoming report, which represents a year-over-year change of -3.4%.

Revenues are expected to be $407.14 million, down 9.5% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 13.08% 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 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 CNX Resources?For CNX Resources, 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 -1.75%.

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

So, this combination makes it difficult to conclusively predict that CNX Resources 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 CNX Resources would post earnings of $0.93 per share when it actually produced earnings of $1.21, delivering a surprise of +30.11%.

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.

CNX Resources 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 ResultsAnother stock from the Zacks Oil and Gas - Exploration and Production - United States industry, Antero Resources (AR - Free Report) , is soon expected to post earnings of $0.77 per share for the quarter ended June 2026. This estimate indicates a year-over-year change of +120%. Revenues for the quarter are expected to be $1.5 billion, up 15.9% from the year-ago quarter.

The consensus EPS estimate for Antero Resources has been revised 12.5% lower over the last 30 days to the current level. However, an equal Most Accurate Estimate has resulted in an Earnings ESP of 0.00%.

This Earnings ESP, combined with its Zacks Rank #3 (Hold), makes it difficult to conclusively predict that Antero Resources will beat the consensus EPS estimate. The company could not beat consensus EPS estimates in any of the last four quarters.

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

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Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Instagram is now banning pickup artists and pranksters who use Meta glasses

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Senior Correspondent covering technology and culture

Mark Zuckerberg is wearing Meta glasses, which have a problem with creepy pickup artists and pranksters using them. Bloomberg/Getty Images Instagram is cracking down on videos shot on Meta glasses that feature harassment of strangers in public places, such as the obnoxious prank videos that Business Insider reported on this spring.

In an Instagram story, Instagram head Adam Mosseri said that such video content would now be banned on the platform.

"If you're posting content that is taking advantage of people and harassing them, like a lot of these pickup line kind of videos that we've heard of and seen, then we're going to take the content down," Mosseri said in response to a question on his Instagram stories last week. "We don't want people to be surreptitiously taking videos of other people and harassing them and then posting them on our platform. So we're trying to fight that every way we can."

I wrote about the proliferation of videos on TikTok and Reels where people film themselves doing pranks on service workers, like cashiers or fast food workers, while wearing Meta glasses. Often, these pranks verge on harassment or are just plain obnoxious behavior, like putting fart spray into a candle at Walmart and then asking employees to smell it.

Another noxious genre is from pick-up artists who use the glasses to film themselves approaching women at gyms or on the street. While these interactions are sometimes positive, there's an awkward moment when the women don't realize they're being filmed at first.

A light glows on a pair of Meta Ray-Bans to signal that its video is active.  Bloomberg/Getty Images It's unclear how many videos have been removed under this new policy. Business Insider found that two large accounts of pickup artists who filmed themselves approaching women in public while wearing the glasses had been deactivated. (Both previously had more than a million followers.) A Meta spokesperson confirmed to Business Insider that these accounts were booted for violating the policy about posting harassing content that had been filmed with the glasses.

Meta did not directly respond to questions about how this new policy is being enforced or what exactly constitutes a violation.

The glasses have an indicator light that turns on when you're recording. In older models, people could tamper with it or hide the light by drilling holes or covering it with tape or film. A new update will now disable the camera if someone tries to tamper with the light, Meta has said.

But even when working, a small light in the corner of glasses isn't necessarily a universally recognized sign that someone is recording you, and can be easily missed, especially outside in bright light. I recently had a conversation with someone wearing the glasses and didn't notice their indicator light was on at all until they brought it to my attention.

This new crackdown may be influenced by Meta's desire not to have its glasses referred to as "pervert glasses" — a nickname that's been gaining steam on social media lately.

Meta glasses may still be controversial, and people are rightfully wary of being recorded in public spaces. But removing videos from people who are profiting from posting content of nasty pranks or sleazy pickup tactics while using the videos is at least a step in the right direction.

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Katie Notopoulos You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.

Katie Notopoulos is a senior correspondent at Business Insider who writes about technology, business, and culture. She covers topics such as internet culture, Big Tech, retail, AI, parenting in the digital age, and personal tech.Previously, Katie was a tech reporter at BuzzFeed News and has written for The Atlantic, The New York Times, Fast Company, and MIT Technology Review. Based in New York, you can reach her by email [email protected] or find her on Twitter. Bluesky, and Threads @katienotopoulos.Some of her stories include:

Google AI said to put glue in pizza — so I made a pizza with glue and ate itThe Zuckermoon is overGen Z doesn't want to say "hello" when answering the phone. I'm concerned. Wait, is Walmart cool now?Mark Zuckerberg has created the saddest place on the internet with Meta AI's public feedHow Instagram got its mojo backAm I the JD Vance of my group chat?We need to talk about whatever's happening with Starbucks' drinksThis chart shows a key reason why millennial parents are miserableIt's not just you. Eggshells really are chipping more. Meta Instagram

The market has spent the past two years rewarding companies tied to artificial intelligence, robotics, and next-generation infrastructure. Investors are increasingly looking beyond a company’s original business and looking more closely at which ecosystem is building it. 

That shift is key because some of today’s biggest winners no longer fit neatly into a single industry. Tesla (NASDAQ:TSLA | TSLA Price Prediction) and SpaceX (NASDAQ::SPCX) are prime examples. Both are evolving into diversified technology platforms, and their future combination is looking more likely in the near future.

The Market Is Punishing Both Stocks, but for Different Reasons Tesla gave investors another reminder that high expectations can be difficult to satisfy. The electric vehicle maker reported second-quarter earnings yesterday that missed Wall Street’s expectations, and shares are down roughly 8% in premarket trading today following the earnings release.

The disappointing reaction reflects more than weaker vehicle sales. Investors increasingly view Tesla as a company whose future extends well beyond automobiles. Electric vehicles remain the foundation of the business, but management continues to devote enormous resources to energy storage, autonomous driving, humanoid robotics, artificial intelligence, and manufacturing automation. Those businesses could eventually represent a larger share of Tesla’s value than EVs themselves.

SpaceX has experienced a different kind of disappointment. After debuting at $135 per share last month, the stock opened at $150, climbed to $225 within days, and has since fallen to about $115. That’s a decline of roughly 49% from its post-IPO peak in just a few weeks.

Sharp drops after hot IPOs aren’t unusual. Early enthusiasm often gives way to more realistic valuations once investors separate excitement from fundamentals.

The market is savaging Musk's stock prices, but a hidden $200B synergy in AI and robotics suggests the real game has just begun. © 24/7 Wall St. Why A Combination Makes Strategic Sense Reuters reported that Elon Musk has again left open the possibility of some form of combination between Tesla and SpaceX, though he emphasized any decision would ultimately belong to shareholders. 

“I mean, as you can tell from the many collaborations on so many fronts with SpaceX and there’s a lot — there’s more and more overlap…but obviously, we can’t talk about combining companies and that kind of thing on an earnings call. It’s got to be done with the appropriate process.”

Even so, the strategic logic is becoming easier to see. Neither company is defined solely by its legacy business anymore.

Company Legacy Business New Growth Platforms Tesla Electric vehicles Energy storage, Optimus robotics, AI, autonomous driving, manufacturing software SpaceX Rocket launches and satellite deployment Starlink connectivity, AI infrastructure, government services, communications, defense technologies Tesla needs massive computing power, advanced communications, artificial intelligence, and manufacturing expertise. SpaceX continues expanding Starlink while building technologies that increasingly overlap with AI infrastructure and autonomous systems. They have the massive Terafab chipmaking joint venture underway, too.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Tesla didn't make the cut. Grab the names FREE today.

That doesn’t guarantee a merger happens. Antitrust regulators would likely examine any transaction closely, while corporate governance questions would also need answers. The regulatory path could prove long and complicated.

Granted, a full merger isn’t the only possibility. Joint ventures, technology-sharing agreements, or cross-investments could deliver many of the same benefits while avoiding some regulatory hurdles.

Long-Term Investors Should Focus Beyond Today’s Headlines The biggest risk for investors is assuming either company can be valued only on today’s earnings or today’s business.

Tesla’s earnings disappointment overshadowed the fact that management continues investing aggressively in businesses that could reshape transportation, energy, and automation over the next decade. Likewise, SpaceX is becoming more than a launch provider as Starlink, AI infrastructure, and adjacent technologies mature.

Ironically, today’s market weakness may offer patient investors a better entry point than either stock provided just weeks ago. Tesla has pulled back following earnings, while SpaceX trades below its IPO price after one of the quickest post-offering reversals in recent memory.

Key Takeaway In short, betting on a Tesla-SpaceX merger today would be speculative. Regulators could object, shareholders would need to give approval, and management may ultimately pursue a different structure altogether.

Regardless, investors don’t necessarily need a merger for either investment to succeed. The larger story is that both companies are evolving into diversified technology platforms centered on AI, automation, communications, robotics, and energy. Those trends are likely to drive more value over the next decade than electric vehicles or rocket launches alone.

Buying today may not prove to be the absolute bottom. In the end, however, long-term investors willing to tolerate volatility have a compelling case for owning either company — and if some form of combination eventually emerges, it could become one of the most influential technology partnerships of the next decade.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Tesla didn't make the cut. Grab the names FREE today.

Contact [email protected] for any questions or corrections.

Tesla Inc. (NASDAQ:TSLA) spent much of its second-quarter update talking about Cybercab production, Robotaxi expansion and artificial intelligence. But the company's fastest-growing business wasn't any of those.

Tesla stock TSLA plunged 13% on Thursday after the electric vehicle maker reaffirmed plans to sharply increase spending on artificial intelligence infrastructure.

The move overshadowed stronger-than-expected revenue and reinforced investor concerns over rising capital expenditure and weakening cash generation.

The stock extended losses after closing 1.3% lower on Wednesday. The stock's market cap is now near the $1 trillion mark.

Tesla reported adjusted earnings of 33 cents per share, below analysts' expectations of 51 cents, while revenue rose to $28.24 billion from $22.5 billion a year earlier, exceeding consensus estimates of $25.71 billion.

The company also reported negative free cash flow for the quarter as capital expenditure surged 142% year over year to $5.79 billion.

Tesla reaffirmed plans to spend more than $25 billion this year as it expands investments in artificial intelligence infrastructure, autonomous driving, robotics, and computing capacity.

Alphabet shares also fell more than 6% after the Google parent reported negative free cash flow and raised its 2026 capital expenditure forecast to between $195 billion and $205 billion, while warning spending would increase further in 2027.

The declines highlighted growing investor concerns that spending on artificial intelligence is rising faster than cash generation across the technology sector.

Tesla said net income declined 5% year over year to $1.11 billion, or 32 cents per share, from $1.17 billion, or 33 cents per share, a year earlier.

Automotive revenue increased 23% to $20.52 billion, while revenue from the company's energy business, including solar and battery storage systems, rose 13% to $3.14 billion.

Revenue from services and other businesses, including vehicle repairs outside warranty, climbed 50% to $4.58 billion.

Despite stronger automotive revenue, Tesla's gross margin fell to 16.8% from 17.2% a year earlier, missing analysts' expectations of 19.4%, according to StreetAccount.

The company attributed the pressure in part to lower average selling prices after introducing lower-cost versions of its Model 3 and Model Y vehicles following the retirement of the higher-priced Model S and Model X.

AI investment remains priorityTesla said it continues to expand infrastructure supporting its long-term artificial intelligence strategy.

“Capacity build out and ramp related to our multi-year infrastructure initiatives, including AI compute, solar, battery material, and semiconductor manufacturing are underway,” the company said in its shareholder presentation.

Chief Executive Elon Musk defended the company's elevated spending during Wednesday's earnings call.

“This is a massive capex year. I’m confident that all the things that we’re investing in will yield incredible returns. Really, maybe the best capex returns that we’ve ever seen,” Musk said.

Tesla also said it is installing first-generation production lines for Optimus, its humanoid robot, and expects production to begin soon.

Executives told investors that the company's fleet of autonomous Cybercab vehicles has now completed 380,000 unsupervised miles, pointing to continued progress in its autonomous driving program.

Analysts remain positive on long-term outlookDespite the market's negative reaction, several Wall Street firms maintained constructive long-term views while lowering their price targets.

JPMorgan analyst Rajat Gupta lowered his price target on Tesla to $445 from $475 while maintaining a Neutral rating.

Gupta said Tesla shares are "likely to remain range-bound near-term" as forward earnings estimates continue to fall amid rising investment spending.

Mizuho analyst Vijay Rakesh also cut his price target to $450 from $480 while reiterating an Outperform rating.

Rakesh said Tesla remains "well-positioned leading physical AI" through its Cybercab platform, with humanoid robotics offering a longer-term growth opportunity.

He added that favorable regulatory tailwinds should help offset near-term headwinds from European tariffs and the repeal of US EV tax credits, with Tesla likely to face less pressure than its peers.

Piper Sandler maintained its Overweight rating and $500 price target.

Analyst Alexander Potter said the post-earnings selloff was not surprising despite improving long-term indicators.

However, he said Tesla will need to "disprove doubts re: Optimus and Cybercab" before the stock can break out of its current trading range, adding that while he remains optimistic, "catalyst timing is difficult to predict."

Tesla shares had fallen about 11% this month and 17% for the year through Wednesday's close before Thursday's selloff.

The decline has coincided with weakness in SpaceX shares, which have fallen more than 40% from their post-listing peak following the company's June market debut.

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SummaryTesla, Inc. remains fundamentally a two-model car company, with Model 3 and Model Y accounting for over 97% of Q2 deliveries.Despite record energy storage growth, TSLA's margins face pressure from rising input costs and intensifying competition, especially from Chinese suppliers.TSLA's robotaxi and robotics ambitions continue to miss milestones, leaving little tangible progress to justify its ultra-premium valuation.TSLA is valued as a high-growth tech disruptor, but its core automotive business and nascent ventures do not support its current market capitalization. Getty Images

Investor expectations heading into Tesla, Inc.’s (TSLA) Q2 earnings announcement were rather more subdued than usual. Indeed, some of the company’s normally enthusiastic shareholders entered the quarter sounding downright impatient.

Questions submitted for the earnings call focused

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Buried in Tesla’s earnings report’s cash flow statement is a $1.005 billion pretax unrealized gain on its SpaceX investment, equal to $763 million after tax.

While Tesla didn’t receive any cash or sell any shares, the after-tax gain accounted for roughly 68.5% of the company’s $1.114 billion GAAP net income. The revaluation of Tesla’s SpaceX investment is one of the quarter’s biggest contributors to the EV maker’s bottom line.

Even though Tesla didn’t sell a single SpaceX share or receive any cash from the investment.

SpaceX Bounty: Paper Gain, Not Cash ProfitThe gain resulted from an increase in the estimated value of its SpaceX investment, which it purchased earlier this year for $2.002 billion. The company owns less than 1% of SpaceX and does not control the aerospace company.

Tesla recorded a pre-tax $1.005 billion gain on the investment. Because the gain was non-cash, the company removed it when reconciling net income to operating cash flow and also excluded it from its non-GAAP earnings presentation.

The numbers put the investment into perspective. The pre-tax paper gain alone was more than two-and-a-half times Tesla’s operating profit (which was $398 million).

Tesla’s automotive, energy storage and services businesses collectively produced just $398 million of operating profit, while the accounting gain on its SpaceX investment added more than $1 billion before taxes.

So, nearly 70% of Tesla’s GAAP earnings came from a non-cash increase in the estimated value of its SpaceX stake—not from manufacturing or selling products.

Why Tesla’s GAAP And Adjusted Earnings Tell Different StoriesThe SpaceX gain was included in Tesla’s official GAAP earnings under accounting rules governing equity investments, even though the company did not monetize its stake.

The SpaceX gain also helps explain why Tesla reported different GAAP and adjusted earnings.

Tesla reported GAAP net income of $1.114 billion, which included the after-tax SpaceX gain. It also reported non-GAAP net income of $1.153 billion, excluding the $763 million after-tax SpaceX gain along with several other items, including $989 million of stock-based compensation expense, an $87 million digital-asset loss and certain tax adjustments.

Although Tesla removed the $763 million after-tax SpaceX gain, it added back an even larger $989 million stock-based compensation expense, along with other adjustments, resulting in slightly higher adjusted earnings.

Why Investors Should Watch ItThe disclosure doesn’t mean Tesla’s automotive business suddenly became less important, nor does it suggest the company generated an extra $763 million in cash.

Instead, it underscores how investments outside Tesla’s core operations can materially influence reported earnings under GAAP accounting. If SpaceX’s valuation continues to rise—or falls in future quarters—that stake could create meaningful swings in Tesla’s reported profit even if vehicle deliveries, energy storage deployments and operating performance remain largely unchanged.

For investors, the quarter served as a reminder that one of the biggest drivers of Tesla’s headline earnings wasn’t what happened inside its factories. It was the changing value of a minority stake in another Elon Musk company.

Photo courtesy: Rokas Tenys on Shutterstock.com

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Business has been a little bumpy for Tesla (TSLA -13.23%) over the past couple of years. In fact, after delivering a record 1.8 million vehicles in 2023, its deliveries promptly dropped for two consecutive years. Last year was filled with speed bumps that extended beyond vehicle deliveries.

Then something intriguing happened: Tesla's second-quarter deliveries soared far above Wall Street's average estimates. Investors might be overlooking the most impressive part of the data -- that Tesla held its own in a brutal Chinese market while a number of domestic automakers did not.

Numbers jump unexpectedly On paper, the Q2 numbers were exactly the blowout delivery numbers Tesla needed after many months of bad news. Tesla delivered just over 480,000 vehicles globally during the second quarter. This was a solid 25% year-over-year gain and easily topped Wall Street analysts' estimates of about 406,000 vehicles. That result was the best Q2 of deliveries in Tesla's history.

Most investors keyed in on Tesla's results in Europe, and it's true that the region played a big role in the blowout Q2. While Tesla doesn't break out its delivery numbers by region, we can get a solid sense of the growth trend from the European Automobile Manufacturers' Association, which tracks registration data. That data from January through May this year showed a 77% year-over-year growth in Tesla registrations.

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Don't overlook the China result Despite Europe likely driving much of the Q2 surprise result, Tesla's decline of only 2% in China amid a softening economy, reduced electric vehicle (EV) incentives, and a brutal price war might actually be the more impressive feat.

Even BYD, China's juggernaut EV maker that's expanding rapidly around the globe, posted a 40% decline in domestic Chinese deliveries through the first half of the year, though this figure includes battery-electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs). BYD has turned its focus to exports to offset this weakness.

For Tesla, despite the slight Q2 decline, it was still a nearly 12% gain over the first quarter. If you consider Tesla's wholesale deliveries in China (which includes exports), that figure was up nearly 33% compared to the prior year.

Image source: Tesla.

Here's just one example of how competitive China's automotive market is right now. Competitors in China have been forced to churn out new vehicles and/or refreshes more rapidly to lure in consumers on factors other than price. Simply put, new vehicles sell faster and with fewer incentives, and in a price war, refreshing the lineup is important. Because of that push, Chinese automakers have released around 650 new models since January. That's staggering.

To be fair, that 650 figure includes facelifts, refreshes, and all-new models. If we narrow it down to only all-new models, which are vehicles that don't have a previous version in China, automakers are still pushing out 30 all-new models each month since January. In contrast, the U.S. does roughly 30 all-new models annually.

What it all means BYD's Executive Vice President, He Zhiqi, called the 650 figure "completely insane" on social media, before continuing to say that the Chinese auto market is "not just fierce, but brutal."

Tesla holding its own in China while some large domestic competitors such as BYD spiral, along with months of growing momentum in Europe, were exactly what Tesla needed during the second quarter. The question remains, however: Is this rebound sustainable?

There's a sound argument that the Iran conflict, which has affected oil prices in Europe, has given a boost to EV sales in the region, and it's uncertain how that trend will change in the near term. It's also fair to wonder if Tesla's thin and aging vehicle lineup can sustain this type of rebound through even the second half of 2026.

Either way, after two years of mostly bad delivery news, this might be the first Tesla delivery data that could inspire confidence -- and holding its own in China was more impressive than it's getting credit for.

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SummaryTesla, Inc. reported Q2 revenue growth but missed EPS, with operating margin collapsing to 1.4% and negative free cash flow.TSLA's ambitious projects—Optimus, Cybercab, and Megapod—are capital-intensive, with no clear path to profitability or detailed execution plans.FSD attach rates now exceed 55%, providing a competitive advantage, yet margin compression and rising capex overshadow these positives.I remain bearish on TSLA stock, as its valuation demands sustained execution while the company burns cash in a highly competitive, capital-intensive landscape.This idea was discussed in more depth with members of my private investing community, The Pragmatic Investor. Learn More » ankarb/iStock via Getty Images

Thesis Summary Tesla, Inc.'s (TSLA) beat revenues in Q2 but missed on EPS, and the stock is down over 4%, which I don’t find surprising.

Operating margin has collapsed to 1.4%, free cash flow was negative, and

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.