Market Signal Briefing

Q3: 2025-10-29 Earnings SummaryEPS of $0.06 beats by $0.03

 |

Revenue of

$1.03B

(8.44% Y/Y)

beats by $16.90M

Transocean Ltd. (RIG) Q3 2025 Earnings Call October 30, 2025 9:00 AM EDT

Company Participants

Alison Johnson - Director of Investor Relations
Keelan Adamson - President, CEO & Director
R. Vayda - Executive VP & CFO
Roddie Mackenzie - Executive VP & Chief Commercial Officer

Conference Call Participants

Edward Kim - Barclays Bank PLC, Research Division
Doug Becker - Capital One Securities, Inc., Research Division
Noel Parks - Tuohy Brothers Investment Research, Inc.

Presentation

Operator

Good day, everyone, and welcome to the Third Quarter 2025 Transocean Earnings Call. [Operator Instructions] Please keep in mind, today's call will be recorded and we will be standing by if you should need any assistance.

It is now my pleasure to turn today's conference over to Director of Investor Relations, Alison Johnson.

Alison Johnson
Director of Investor Relations

Thank you, David. Good morning, and welcome to Transocean's Third Quarter 2025 Earnings Conference Call. A copy of our press release covering financial results, along with supporting statements and schedules, including reconciliations and disclosures regarding non-GAAP financial measures are posted on our website at deepwater.com.

Joining me on this morning's call are Keelan Adamson, President and Chief Executive Officer; Thad Vayda, Executive Vice President and Chief Financial Officer; and Roddie Mackenzie, Executive Vice President and Chief Commercial Officer.

During the course of this call, Transocean management may make certain forward-looking statements regarding various matters related to our business and company that are not historical facts. Such statements are based upon current expectations and certain assumptions and therefore, are subject to certain risks and uncertainties. Many factors could cause actual results to differ materially.

Please refer to our SEC filings for our forward-looking statements and for more information regarding certain risks and uncertainties that could impact our future results. Also, please note that the company undertakes no duty to update or revise

Recommended For You

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP, a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Varonis Systems, Inc. (“Varonis” or the “Company”) (NASDAQ: VRNS) investors concerning the Company's possible violations of the federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON VARONIS SYSTEMS, INC. (VRNS), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS. What Happened? On.

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP, a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of James Hardie Industries plc (“James Hardie” or the “Company”) (NYSE: JHX) investors concerning the Company's possible violations of the federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON JAMES HARDIE INDUSTRIES PLC (JHX), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS. What.

October 30, 2025 14:00 ET

 | Source:

Enerpac Tool Group

MILWAUKEE, Oct. 30, 2025 (GLOBE NEWSWIRE) -- Enerpac Tool Group Corp. (NYSE: EPAC) will present at the Baird Global Industrial Conference on Wednesday, November 12, 2025. Paul Sternlieb, President and Chief Executive Officer, and Darren Kozik, Executive Vice President and Chief Financial Officer are scheduled to present at 2:55 p.m. CT. Accompanying materials will be made available on the company’s website prior to the presentation.

About Enerpac Tool Group

Enerpac Tool Group Corp. is a premier industrial tools, services, technology, and solutions provider serving a broad and diverse set of customers and end markets for mission-critical applications in more than 100 countries. The Company makes complex, often hazardous jobs possible safely and efficiently. Enerpac Tool Group’s businesses are global leaders in high pressure hydraulic tools, controlled force products, and solutions for precise positioning of heavy loads that help customers safely and reliably tackle some of the most challenging jobs around the world. The Company was founded in 1910 and is headquartered in Milwaukee, Wisconsin. Enerpac Tool Group common stock trades on the NYSE under the symbol EPAC. For further information on Enerpac Tool Group and its businesses, visit the Company's website at www.enerpactoolgroup.com.

Contact:
Travis Williams
Senior Director, Investor Relations
+1.262.293.1913

CANADA - 2025/03/10: In this photo illustration, the Teradyne logo is seen displayed on a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images)

SOPA Images/LightRocket via Getty Images

Teradyne (TER)’s stock increased by 51%, driven more by a remarkable increase in investor confidence than by revenue increases and margin declines. Stimulated by demand for AI, consistent earnings surpasses, and an optimistic analyst forecast, the surge suggests confidence that extends well beyond the quarterly figures—let’s explore what is genuinely motivating this increase.

Teradyne

Trefis

So what is occurring here? The stock jumped by 51%, propelled by a slight 3.3% increase in revenue, an 11% decrease in net margin, and a notable 62% rise in the P/E multiple. Let’s investigate what lies behind these changes.

Before we delve into details of events that led to the stock surge, here is what market wisdom indicates: The issue isn’t where TER stock is headed, but rather how your portfolio is positioned. Discover how Trefis High Quality Portfolio and Empirical Asset Management prepare you.

Here Is Why Teradyne Stock Moved

Q3 Beat & Strong Q4: Q3 revenue $769M, EPS $0.85, exceeded estimates. Q4 revenue forecast $920M-$1B, surpassing consensus.AI Demand Boost: Robust demand for System-on-a-Chip solutions for AI applications and memory in Semiconductor Test.Q1 Results & Buyback: Q1 revenue $686M, EPS $0.75 surpassed projections. Board sanctioned a $1B share repurchase program.Positive Analyst View: Several analysts raised price targets, with a consensus “Moderate Buy” rating for TER.Q2 Earnings Beat: Q2 revenue $652M, EPS $0.57, both outperformed estimates. Semiconductor Test performed well.Our Current Assessment Of TER Stock

Opinion: At present, we consider TER stock to be very unattractive. Why is that? Take a closer look at the complete narrative. Read Buy or Sell TER Stock to understand the drivers behind our current stance.

Risk: A useful way to evaluate the risk for TER stock is to observe how significantly it has fallen during past market sell-offs. It plummeted over 82% during the Dot-Com bubble burst and nearly 84% during the Global Financial Crisis. Recent shocks, such as the inflation spike, led to a decline of about 58%. Even less severe pullbacks—like the 2018 correction and the Covid crash—saw drops of approximately 40%. Therefore, regardless of the positives, TER has not been insulated when the broader market suffers a decline.

Consistently selecting winners is a challenging endeavor—especially considering the volatility that comes with individual stocks. Instead, the Trefis High Quality (HQ) Portfolio, composed of 30 stocks, has demonstrated a solid track record of outperforming the S&P 500 over the last four years. Why is this the case? As a collective, HQ Portfolio stocks have yielded better returns with lower risk compared to the benchmark index; presenting a smoother ride, as demonstrated by HQ Portfolio performance metrics.

Key Takeaways Clorox expects Q1 sales of $1.39B, suggesting a 21.2% y/y fall.ERP-related disruptions and retailer inventory drawdowns will drive margin pressure.Strong brand equity and digital transformation aim to fuel recovery in the second half of the year.
The Clorox Company (CLX - Free Report) is slated to report first-quarter fiscal 2026 earnings on Nov. 3, after market close. The company is expected to register year-over-year top and bottom-line declines when it posts the fiscal first-quarter numbers.

The Zacks Consensus Estimate for the fiscal first-quarter revenues is pegged at $1.39 billion, indicating a decline of 21.2% from the prior-year quarter’s actual. The consensus mark for quarterly earnings per share (EPS) has decreased by a penny in the past seven days to 78 cents per share, indicating a decline of 58.1% from the figure reported in the year-ago quarter.

CLX has a trailing four-quarter earnings surprise of 17.2%, on average, including a 28.1% positive surprise in the last reported quarter.

Things to Know Ahead of CLX’s Q1 EarningsClorox faced a challenging start to fiscal 2026 as the benefits from early ERP-related shipments in fourth-quarter fiscal 2025 created a significant headwind. Clorox’s first-quarter fiscal 2026 will likely mark a transitional, earnings-challenged period as the company digests ERP-related disruptions and navigates persistent macro and category headwinds.

The company expects the ERP Transition effects to remain the most significant near-term headwind in the fiscal first quarter. Retailers are expected to reduce inventory built up in late fiscal 2025, depressing shipments and earnings. This alone is expected to account for 14-15 points of sales decline and 200 basis points (bps) of margin pressure in first-quarter fiscal 2026.

Although management remains confident that results will improve in the back half of the year, as consumption stabilizes and ERP-related effects subside, these headwinds are expected to hurt results in the to-be-reported quarter.

On the last reported quarter’s earnings call, Clorox anticipated first-quarter fiscal 2026 net sales to decline 17-21% year over year, including the negative impacts of its ERP transition, as retailers draw down inventories built ahead of the system launch. An additional 2% headwind is anticipated from the prior-year divestiture of the Better Health VMS business.

The gross margin is projected between 41% and 42%, below historical levels, largely due to an estimated 200 bps of pressure related to the ERP transition. Moreover, margins are expected to face 100 bps of additional headwinds from expenses tied to storm-related damage at one of Clorox’s manufacturing facilities.

Our model predicts gross profit to decline 27.3% year over year to $586.9 million. The gross margin is expected to contract 380 bps to 42%.

Clorox continues to operate in a challenging macroeconomic environment where consumers face ongoing financial pressures. The company has been contending with increased advertising expenses essential for maintaining brand visibility, which have weighed on its profitability. Clorox faces stiff competition in the consumer goods sector, which further pressures its market share and operational performance. The company is also contending with early impacts of tariffs, and elevated selling, general and administrative (SG&A) costs.

Our model predicts adjusted operating profit to decline 50.1% year over year to $165.5 million. The adjusted operating margin is expected to contract 700 bps to 11.8%.

However, several positives are expected to underpin Clorox’s fiscal first-quarter performance and set the stage for recovery in the second half. The company remains well-positioned, supported by its strong brand equity, disciplined cost management, and ongoing execution of its IGNITE strategy. Clorox continues to emphasize innovation and premiumization through superior product offerings and price-pack architecture designed to meet evolving consumer preferences.

The company’s holistic margin-management program, focused on cost savings, mix optimization and productivity gains, continues to generate fuel for reinvestment in growth initiatives. These efforts have strengthened profitability and provided flexibility to sustain elevated marketing and digital investments even amid near-term headwinds.

Additionally, Clorox is nearing completion of its multi-year digital transformation, including the full-scale rollout of its U.S. ERP system. This modernization, which accounts for about 70% of the company’s $560-$580 million transformation investment, is designed to enhance supply-chain responsiveness, demand planning accuracy and overall operational efficiency. The new ERP platform is expected to improve visibility and agility, enabling faster, data-driven decision-making across the organization.

Together with a robust pipeline of consumer-led innovation and continued investments in brand superiority, these initiatives are expected to lay a stronger foundation for sustainable growth once the temporary ERP-related disruptions subside.

What the Zacks Model Unveils for CLXOur proven model does not conclusively predict an earnings beat for Clorox this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the case here. You can uncover the best stocks before they are reported with our Earnings ESP Filter.

Clorox currently has an Earnings ESP of +1.91% and a Zacks Rank of 5 (Strong Sell).

CLX’s Price Performance & ValuationFrom a valuation perspective, CLX stock is trading at a discount relative to the industry. CLX has a forward 12-month price-to-earnings ratio of 18.08X, below the Consumer Products - Staples industry’s average of 18.92X.

Image Source: Zacks Investment Research

CLX has lost 11.9% in the past three months, underperforming its industry’s decline of 2.6% in the same period.

Image Source: Zacks Investment Research

Stocks With the Favorable CombinationHere are a few companies, which, according to our model, have the right combination of elements to beat on earnings this reporting cycle.

Vital Farms (VITL - Free Report) currently has an Earnings ESP of +8.84% and flaunts a Zacks Rank of 1. VITL is anticipated to register increases in its top and bottom lines when it reports third-quarter 2025 results. The Zacks Consensus Estimate for Vital Farms’ quarterly revenues is pegged at $191 million, indicating growth of 31.7% from the figure reported in the prior-year quarter. You can see the complete list of today’s Zacks #1 Rank stocks here.

The consensus estimate for Vital Farms’ bottom line has been unchanged in the past 30 days at 29 cents per share. This implies a surge of 81.3% from the year-ago quarter’s reported figure. VITL delivered an earnings beat of 35.8%, on average, in the trailing four quarters.

Corteva (CTVA - Free Report) has an Earnings ESP of +4.82% and a Zacks Rank of 3 at present. CTVA is likely to register growth in its top line when it releases third-quarter 2025 results. The Zacks Consensus Estimate for its quarterly revenues is pegged at $2.5 billion, which implies growth of 7% from the figure in the prior-year quarter.

The consensus estimate for Corteva’s bottom line has been unchanged at a loss of 49 cents per share in the past 30 days. The estimate indicates the loss to be in line with the year-ago quarter’s actual. CTVA delivered a negative earnings surprise of 4.4%, on average, in the trailing four quarters.

Monster Beverage (MNST - Free Report) currently has an Earnings ESP of +0.82% and a Zacks Rank of 3. The company is likely to register increases in the top and bottom lines when it reports third-quarter 2025 numbers. The Zacks Consensus Estimate for quarterly earnings per share is pegged at 48 cents, suggesting 20% growth from the year-ago period’s reported number. The consensus mark has been unchanged in the past 30 days.

The consensus estimate for Monster Beverage’s quarterly revenues is pegged at $2.1 billion, which indicates growth of 12.1% from the prior-year quarter’s actual. MNST has a trailing four-quarter earnings surprise of 0.2%, on average.

Key Takeaways Ameriprise posted Q3 adjusted earnings of $9.92 per share, up 12.3% year over year.Revenues rose 6% to $4.61B, driven by record AUM and AUA of $1.66T.The company repurchased 1.4M shares for $687M, while expenses increased 4.8%.
Ameriprise Financial’s (AMP - Free Report) third-quarter 2025 adjusted operating earnings of $9.92 per share handily surpassed the Zacks Consensus Estimate of $9.60. The bottom line reflected a rise of 12.3% from the year-ago quarter.

Results benefited from higher revenues and a solid improvement in assets under management (AUM) and assets under administration (AUA) balances. However, an increase in expenses was a headwind.

After considering significant items, net income (GAAP basis) was $912 million or $9.33 per share, up from $511 million or $5 per share in the prior-year quarter.

AMP’s Adjusted Revenues Increase, Expenses RiseAdjusted operating total net revenues for the reported quarter were $4.61 billion, up 6% year over year. The top line surpassed the Zacks Consensus Estimate. Total GAAP net revenues were $4.8 billion, up 9% year over year.

Adjusted operating expenses totaled $3.47 billion, rising 4.8% year over year. We had projected adjusted expenses of $3.27 billion.

As of Sept. 30, 2025, total AUM and AUA were a record $1.66 trillion, up 7.9% year over year. Our estimate for the metric was $1.55 trillion.

Update on Ameriprise’s Share RepurchasesAmeriprise repurchased 1.4 million shares for $687 million in the reported quarter.

Our Take on Ameriprise StockAmeriprise is well-positioned for impressive top-line growth on the back of its robust AUM balance and business-restructuring initiatives. However, elevated expenses (mainly due to technology upgrades) will likely continue to hurt the bottom line.

AMP currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Performance of AMP’s PeersInvesco’s (IVZ - Free Report) third-quarter 2025 adjusted earnings of 61 cents per share surpassed the Zacks Consensus Estimate of 45 cents. The bottom line increased 38.6% from the prior-year quarter.

Invesco’s results were primarily aided by an increase in adjusted revenues. Moreover, growth in the AUM balance to record levels supported the results to an extent. However, an increase in adjusted operating expenses was a headwind.

BlackRock’s (BLK - Free Report) third-quarter 2025 adjusted earnings of $11.55 per share handily surpassed the Zacks Consensus Estimate of $11.25. The figure reflects a marginal rise from the year-ago quarter.

BlackRock’s results benefited from a rise in revenues. The AUM balance witnessed robust growth, reaching a record high of $13.46 trillion, driven by net inflows. However, higher expenses acted as a headwind.

Key Takeaways FMC reported adjusted EPS of $0.89, up from $0.69 last year.Quarterly sales fell 49% to $542M, hit by India-related actions and lower prices.Q4 outlook sees revenue down 4% and adjusted EPS off 30% at the midpoint.
FMC Corporation (FMC - Free Report) reported a loss of $4.52 per share for third-quarter 2025. This compares unfavorably to earnings of 52 cents in the year-ago quarter.

Barring one-time items, adjusted earnings per share were 89 cents, up from 69 cents reported a year ago.

Revenues were $542 million in the quarter, down around 49% from the year-ago quarter’s levels.

Third-quarter revenues decreased primarily due to one-time commercial actions taken in India to position the business for sale. Excluding that, third-quarter revenues still witnessed a decline of 10% from the prior-year quarter due to a 6% decrease in price from the decline linked to price reductions in specific "cost-plus" contracts with certain diamide partners, reflecting lower manufacturing costs and the other half stemmed from competitive pressure. The volumes in the core portfolio also decreased due to increased competition.

FMC’s Regional Sales PerformanceIn North America, sales increased 4% year over year to $244 million in the quarter. Sales in North America increased as a result of price gains in branded products and higher volume, including Adastrio fungicide based on fluindapyr. It topped the consensus estimate of $225 million.

Latin American sales saw an 8% year-over-year decrease to $463 million in the reported quarter. Sales in Latin America suffered from increased pressure from generics, leading to lower volume and price decline of branded products. It missed the consensus estimate of $516 million.

In Asia, excluding India, revenues declined 47% from the previous year to $99 million. Sales declined due to lower pricing, the removal of India and reduced volumes. It missed the consensus estimate of $153 million.

EMEA experienced an 11% year-over-year sales increase to $155 million in the reported quarter. The growth was fueled by significant volume increases, especially in the growth portfolio from branded Cyazypyr offerings. The successful launch of Isoflex in Great Britain also drove sales. It lagged the consensus estimate of $158 million.

FMC’s FinancialsThe company had cash and cash equivalents of $497.7 million at the end of the quarter. Long-term debt was $3,270.5 million.

FMC’s Q4 GuidanceFMC expects fourth-quarter revenues (excluding India) to range between $1.12 billion and $1.22 billion, implying a 4% decline at the midpoint compared to 2024. Adjusted EBITDA is forecasted between $265 million and $305 million, indicating a 16% decline at the midpoint. Adjusted earnings per share are projected to be $1.14 to $1.36, indicating a 30% year-over-year decrease at the midpoint.

FMC’s Price PerformanceFMC’s shares have plunged 53.9% in the past year compared with the industry’s 5.8% decline.

Image Source: Zacks Investment Research

FMC’s Zacks Rank & Key PicksFMC currently carries a Zacks Rank #3 (Hold).

Some better-ranked stocks worth a look in the basic materials space are Royal Gold, Inc. (RGLD - Free Report) , Avino Silver & Gold Mines Ltd. (ASM - Free Report) and Fortuna Mining Corp. (FSM - Free Report) .

Royal Gold is scheduled to report third-quarter results on Nov. 5. The Zacks Consensus Estimate for RGLD’s third-quarter earnings is pegged at $2.30 per share. RGLD’s earnings beat the Zacks Consensus Estimate in each of the last four quarters, with the average surprise being 8.95%. Royal Gold currently flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Avino Silver is slated to report third-quarter results on Nov. 6. The Zacks Consensus Estimate for third-quarter earnings is pegged at 3 cents per share. ASM’s earnings beat the Zacks Consensus Estimate in each of the last four quarters, with the average surprise being 141.67%. Avino Silver carries a Zacks Rank #2 (Buy) at present.

Fortuna Mining is scheduled to report third-quarter results on Nov. 5. FSM carries a Zacks Rank #2 at present. Fortuna Mining’s earnings beat the consensus estimate in one of the last four quarters and missed thrice.

Key Takeaways ITT's Q3 EPS rose 21.1% to $1.78, beating estimates on 12.9% higher revenue of $999.1 million.Industrial Process and Connect & Control Technologies segments led with strong sales and margins.ITT lifted 2025 EPS guidance to $6.62-$6.68, projecting 6-7% revenue growth and $500M free cash flow.
ITT Inc.’s (ITT - Free Report) third-quarter 2025 adjusted earnings of $1.78 per share surpassed the Zacks Consensus Estimate of $1.67. The bottom line jumped 21.1% year over year, aided by an increase in sales across the Connect & Control Technologies and Industrial Process segments.

Total revenues of $999.1 million beat the consensus estimate of $977 million. The top line increased 12.9% year over year. Organic sales increased 6.1% year over year, driven by pump project shipments in the Industrial Process segment, an increase in aerospace and industrial connectors demand in the Connect & Control Technologies segment and share gains in automotive and rail in the Motion Technologies segment.

ITT’s Segmental ResultsRevenues from the Industrial Process segment totaled $383.9 million, up 15% year over year. Strength in pump projects and pricing actions aided the segment’s performance. Organic sales increased 11.3% and adjusted operating income grew 18.7% on a year-over-year basis. Our estimate for segmental revenues was pinned at $371.2 million.

Revenues from the Motion Technologies segment amounted to $355.6 million, implying a year-over-year increase of 3.1%. The higher sales were attributable to solid momentum in Friction original equipment and KONI rail demand, partially offset by the impact of Wolverine divestiture. However, organic revenues increased 0.7% year over year. Adjusted operating income increased 15.4%. Our estimate for segmental revenues was pinned at $351.5 million.

Revenues from the Connect & Control Technologies segment of $259.2 million rose 25.1% year over year on a reported basis and 6.1% organically. Our estimate was $252.7 million. The results were driven by solid demand for commercial aerospace components and connectors and favorable pricing actions. Adjusted operating income increased 20.3% year over year.

ITT’s Margin ProfileITT’s cost of revenues increased 12.9% year over year to $643.9 million. The gross profit jumped 12.9% to $355.2 million.

General and administrative expenses increased 20% year over year to $89.8 million. Sales and marketing expenses rose 13.9% to $57.5 million. Research and development expenses decreased 1.7% year over year to $28.1 million.

Adjusted operating income rose 13.8% year over year to $184.7 million. The margin expanded 20 basis points to 18.5%.

ITT’s Balance Sheet and Cash FlowExiting the third quarter, ITT had cash and cash equivalents of $516.4 million compared with $439.3 million at the end of fourth-quarter 2024. The company’s short-term borrowings were $418 million compared with $427.6 million at the end of December 2024.

In the first nine months of 2025, ITT generated net cash of $441 million from operating activities compared with $339.4 million in the year-ago period. Capital expenditure totaled $80.9 million in the same period, down 7.5% year over year. Free cash flow was $368 million compared with $251.9 million in the prior-year period.

During the first nine months of 2025, ITT paid out dividends of $83.5 million, up 6.1% year over year. It repurchased shares worth $500.9 million in the period.

Dividend UpdateITT’s board of directors approved a quarterly cash dividend of 35.1 cents per share, payable to shareholders on Dec. 31, 2025, of record as of Dec. 1.

ITT's 2025 OutlookITT has updated its financial outlook for 2025. The company expects adjusted earnings to be in the range of $6.62-$6.68 per share compared with $6.35-$6.55 expected earlier. The guided range indicates an increase of 13-14% from the prior-year reported actual.

Management projects revenue growth to be in the band of 6-7% (3-5% organically). Adjusted operating margin is estimated to be between 18.2% and 18.5%. Free cash flow is predicted to be $500 million. This indicates a free cash flow margin of 13%.

ITT’s Zacks Rank & Other Key PicksThe company currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Some other top-ranked stocks are discussed below:

Trimble Inc. (TRMB - Free Report) presently carries a Zacks Rank of 2. TRMB’s earnings surpassed the consensus estimate in each of the trailing four quarters. The average earnings surprise was 7.5%. In the past 60 days, the Zacks Consensus Estimate for Trimble’s 2025 earnings has been stable.

RBC Bearings Incorporated (RBC - Free Report) currently carries a Zacks Rank of 2. RBC has an impressive earnings surprise history, having outperformed the consensus estimate in each of the preceding four quarters, with an average surprise of 3.8%. In the past 60 days, the Zacks Consensus Estimate for RBC Bearings’ 2025 earnings has increased 0.4%.

Helios Technologies (HLIO - Free Report) currently carries a Zacks Rank of 2. HLIO has an impressive earnings surprise history, having outperformed the consensus estimate in each of the preceding four quarters, with an average surprise of 15.5%.  In the past 60 days, the Zacks Consensus Estimate for Helios’ 2025 earnings has increased 1.6%.

Key Takeaways Huntington Ingalls' Q3 EPS of $3.68 topped estimates, rising from $2.56 a year earlier.Quarterly revenue climbed 16.1% year over year to $3.19B, driven by gains across all segments.HII raised 2025 free cash flow guidance to $550-$650M, reflecting stronger operational momentum.
Huntington Ingalls Industries, Inc.’s (HII - Free Report) third-quarter 2025 earnings of $3.68 per share declined 43.8% from $2.56 in the prior-year quarter. The bottom line also beat the Zacks Consensus Estimate of $3.29 by 11.9%.

The year-over-year growth can be attributed to higher sales and operating income performance in the third quarter of 2025 compared with the third quarter of 2024.

Total RevenuesRevenues for the quarter totaled $3.19 billion, which beat the Zacks Consensus Estimate of $2.94 billion by 8.4%. The top line also improved 16.1% from $2.75 billion in the year-ago quarter, driven by higher sales volume from all three of its major business segments.

Operational PerformanceHuntington Ingalls reported segmental operating income of $179 million compared with $97 million in the third quarter of 2024. The segmental operating margin expanded 208 basis points from the prior-year figure to 5.6%.

The growth in operating income was primarily driven by strong operating performance at all three business segments of the company.

HII received orders worth $2 billion in the third quarter of 2025. As a result, its total backlog reached $55.7 billion as of Sept. 30, 2025, compared with $56.9 billion as of June 30, 2025.

Segmental PerformanceNewport News Shipbuilding: Revenues in this segment totaled $1.62 billion, up 14.5% year over year, primarily driven by higher volumes in submarines and aircraft carriers.

The segment’s operating income of $80 million increased 433.3% year over year, primarily driven by unfavorable cumulative catch-up adjustments in the Virginia-class submarine program and aircraft carriers in 2024.

Ingalls Shipbuilding: Revenues totaled $828 million, up 24.7% year over year. The improvement was driven by higher sales volumes from surface combatants.

The segment reported operating earnings of $65 million, up 32.7% year over year, primarily driven by higher volumes in surface combatants.

Mission Technologies: Revenues in this segment totaled $787 million, up 11% year over year, driven by higher volumes from C5ISR and live, virtual, and constructive training solutions.

The segment reported operating earnings of $34 million, up 3% year over year, primarily driven by higher sales volumes.

Financial UpdateCash and cash equivalents, as of Sept. 30, 2025, totaled $312 million, significantly down from $831 million recorded as of Dec. 31, 2024.

The long-term debt as of June 30, 2025, totaled $2.70 billion, in line with the 2024-end level.

The cash generated by operating activities amounted to $546 million compared with $2 million a year ago.

HII’s free cash flow of $284 million as of June 30, 2025, was much higher than the free cash outflow of $237 million in the prior-year period.

2025 GuidanceThe company now expects its shipbuilding revenues to be in the range of $9.0-$9.1 billion, narrower than its previous guidance of $8.9-$9.1 billion.

For Mission Technologies, HII now expects revenues in the range of $3.0-$3.1 billion, narrower than its previous guidance of $2.9-$3.1 billion.

The company now projects free cash flow to be in the band of $550-$650 million, up from the prior guidance of $500-$600 million.

Zacks RankHuntington Ingalls currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Recent Defense ReleasesTextron Inc. (TXT - Free Report) reported third-quarter 2025 adjusted earnings of $1.55 per share, which beat the Zacks Consensus Estimate of $1.47 by 5.4%. The bottom line also rose 10.7% from $1.40 in the year-ago quarter.

The company reported total revenues of $3.6 billion, which missed the Zacks Consensus Estimate of $3.71 billion by 2.8%. Moreover, revenues increased 4.9% from the year-ago quarter’s level of $3.43 billion.

RTX Corporation’s (RTX - Free Report) third-quarter 2025 adjusted earnings per share of $1.70 beat the Zacks Consensus Estimate of $1.42 by 19.7%. The bottom line also improved 17.2% from the year-ago quarter’s level of $1.45.

 RTX’s third-quarter sales totaled $22.48 billion, which surpassed the Zacks Consensus Estimate of $21.48 billion by 4.6%. The top line also surged a solid 11.9% from $20.09 billion recorded for the third quarter of 2024.

Northrop Grumman Corporation (NOC - Free Report) reported third-quarter 2025 adjusted earnings of $7.67 per share, which beat the Zacks Consensus Estimate of $6.49 by 18.2%. The bottom line also increased 9.6% from $7 registered in the prior-year quarter.

NOC’s total sales of $10.42 billion in the third quarter missed the Zacks Consensus Estimate of $10.72 billion by 2.8%. However, the top line rose 4.3% from $10 billion reported in the year-ago quarter.

Genesis Energy, L.P. Class A Common Units (GEL) Q3 2025 Earnings Call October 30, 2025 10:00 AM EDT

Company Participants

Dwayne Morley - Vice President of Business Development & Investor Relations - Genesis Energy LLC
Grant Sims - Chairman & CEO of Genesis Energy LLC

Conference Call Participants

Wade Suki - Capital One Securities, Inc., Research Division

Presentation

Operator

Greetings, and welcome to the Genesis Energy Third Quarter 2025 Earnings Conference Call. [Operator Instructions]. Please note that this conference is being recorded. I will now turn the conference over to Dwayne Morley. Thank you, Dwayne. You may begin.

Dwayne Morley
Vice President of Business Development & Investor Relations - Genesis Energy LLC

Good morning, and welcome to the 2025 Third Quarter Conference Call for Genesis Energy. Genesis Energy has 3 business segments. The Offshore Pipeline Transportation segment is engaged in providing the critical infrastructure to move oil produced from the long-lived low-cost reservoirs in deepwater Gulf of America to onshore refining centers. The Marine Transportation segment is engaged in the maritime transportation of primarily refined petroleum products.

The Onshore Transportation and Services segment is engaged in the transportation, handling, blending, storage and supply of energy products, including crude oil and refined products, primarily around refining centers as well as the processing of sour gas streams to remove sulfur at refining operations. Genesis's operations are primarily located in the Gulf Coast states and the Gulf of America.

During this conference call, management may be making forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. The law provides safe harbor protection to encourage companies to provide forward-looking information. Genesis intends to avail itself of those safe harbor provisions and directs you to its most recently filed and future filings with the Securities and Exchange Commission. We

Recommended For You

The latest Tesla Cybertruck recall issue involves an off-road accessory that could detach.

Omar Gallaga

Tesla and the National Highway Traffic Safety Administration are warning Cybertruck owners that an off-road accessory could be a road hazard.

A recall has been issued because of an off-road light bar accessory that could come loose and fall off the trucks. The NHTSA says it could affect 6,197 vehicles, about 10 percent of all Cybertrucks sold. 

"A detached light bar may fall, creating a road hazard for other vehicles and increasing the risk of a crash," the notice says. 

The recall is the latest of 10 that have been issued for Tesla's Cybertruck since it debuted in late 2023. 

A representative for Tesla did not immediately respond to a request for comment.

Don't miss any of our unbiased tech content and lab-based reviews. Add CNET as a preferred Google source.

The NHTSA said Tesla will inspect the accessory and "install an additional mechanical attachment or replace the light bar using tape to adhere the light bar to the windshield as well as an additional mechanical attachment as necessary, free of charge." 

Owners should receive a mailed notification about the recall sometime after Dec. 26. 

Customers can reach Tesla customer service directly at 1-877-798-3752. The recall number is SB-25-90-001.

The light-bar issue is the second recall on the Cybertruck this month. On Oct. 15, a recall over the Cybertruck's front parking lights being too bright was issued. A free software update was released for that recall.

Key Takeaways L3Harris reported Q3 adjusted EPS of $2.70, topping estimates and rising 9.8% year over year.Revenues rose 6.9% to $5.66 billion, driven by higher volumes and strong international demand.The company raised 2025 guidance, now targeting about $22 billion in sales and higher EPS.
L3Harris Technologies, Inc. (LHX - Free Report) reported third-quarter 2025 adjusted earnings (from continuing operations) of $2.70 per share, which beat the Zacks Consensus Estimate of $2.56 by 5.5%. The bottom line also increased 9.8% from the year-ago quarter’s $2.46.

Including one-time items, the company reported GAAP earnings of $2.46 per share, up from $2.10 in the prior-year period.

The year-over-year improvement in the bottom line can be attributed to higher revenues as well as operating income.

LHX’s Total RevenuesL3Harris’ revenues totaled $5.66 billion, which beat the Zacks Consensus Estimate of $5.53 billion by 2.3%. The top line also improved 6.9% from the year-ago quarter’s $5.29 billion.

The year-over-year increase in the top line was driven by growth across all segments, primarily from higher volumes, new program ramps and increased international demand.

LHX’s Segmental PerformanceIntegrated Mission Systems: The segment recorded net revenues of $1.70 billion, up 5.7% year over year. This was driven by the ramping up of multiple ISR classified programs.

This segment recorded an operating income of $204 million, in line with the third quarter of 2024. The segment’s operating margin contracted 70 basis points (bps) to 12% due to the divestiture of the CAS business.

Space and Airborne Systems: Net revenues from the segment were $1.81 billion, reflecting a year-over-year improvement of 7.5%. The upside was driven by increased FAA volume in its Mission Networks business and higher volume and improved program performance in the Airborne Combat Systems business.

The segment’s operating income improved to $218 million from $195 million in the year-ago quarter. The operating margin expanded 50 bps to 12.1% primarily due to improved performance on classified development programs in the Space Systems business, monetization of legacy end-of-life assets aligned with the company’s transformation and value creation priorities, and LHX NeXt driven cost savings.

Communication Systems: Net revenues from this segment increased 5.8% to $1.46 billion. This improvement was driven by increased international volume for resilient communication and data-link equipment, as well as ramp up in Next Generation Jammer program.

The unit’s operating income improved to $382 million from $359 million in the year-ago quarter. The operating margin expanded 10 bps to 26.1%, primarily due to LHX NeXt-driven cost savings.

Aerojet Rocketdyne: This segment reported revenues of $755 million, which improved 12.9% year over year. This rise was driven by increased production volume across key missile and munitions programs and new program ramp-up.

The unit’s operating income of $96 million improved from $76 million in the third quarter of 2024. The operating margin expanded 130 bps to 12.7% driven by LHX NeXt's cost savings.

Financial Position of LHXAs of Oct. 3, 2025, L3Harris had $339 million in cash and cash equivalents compared with $615 million as of Jan. 3, 2025.

The long-term debt as of the same date was $11 billion compared with $11.08 billion as of Jan. 3, 2025.

The net cash flow from operating activities was $1.14 billion during the first nine months of 2025 compared with $1.43 billion in the prior-year period.

LHX 2025 GuidanceIt now expects to generate approximately $22 billion in revenues, higher than its earlier guidance of $21.75 billion. The Zacks Consensus Estimate for 2025 revenues is pegged at $21.78 billion, which lies much lower than the company’s new guidance.

L3Harris expects adjusted earnings to be in the range of $10.50-$10.70 per share, higher than the prior guidance of $10.40-$10.60. The consensus estimate for adjusted earnings is pegged at $10.52 per share, which lies below the midpoint of the company’s newly guided range.

It still expects adjusted free cash flow to be around $2.65 billion.

LHX’s Zacks RankL3Harris currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Recent Defense ReleasesTextron Inc. (TXT - Free Report) reported third-quarter 2025 adjusted earnings of $1.55 per share, which beat the Zacks Consensus Estimate of $1.47 by 5.4%. The bottom line also rose 10.7% from $1.40 in the year-ago quarter.

The company reported total revenues of $3.6 billion, which missed the Zacks Consensus Estimate of $3.71 billion by 2.8%. Moreover, revenues increased 4.9% from the year-ago quarter’s level of $3.43 billion.

RTX Corporation’s (RTX - Free Report) third-quarter 2025 adjusted earnings per share of $1.70 beat the Zacks Consensus Estimate of $1.42 by 19.7%. The bottom line also improved 17.2% from the year-ago quarter’s level of $1.45.

RTX’s third-quarter sales totaled $22.48 billion, which surpassed the Zacks Consensus Estimate of $21.48 billion by 4.6%. The top line also surged a solid 11.9% from $20.09 billion recorded for the third quarter of 2024.

Northrop Grumman Corporation (NOC - Free Report) reported third-quarter 2025 adjusted earnings of $7.67 per share, which beat the Zacks Consensus Estimate of $6.49 by 18.2%. The bottom line also increased 9.6% from $7 registered in the prior-year quarter.

NOC’s total sales of $10.42 billion in the third quarter missed the Zacks Consensus Estimate of $10.72 billion by 2.8%. However, the top line rose 4.3% from $10 billion reported in the year-ago quarter.

Key Takeaways S&P Global's Q3 adjusted EPS of $4.73 rose 21.6% y/y, topping estimates.Revenues grew 8.8% to $3.9B, led by 12% growth in Ratings and solid gains across segments.The company raised its 2025 EPS and revenue growth guidance after a strong quarterly showing.
S&P Global Inc. (SPGI - Free Report) has reported impressive third-quarter 2025 results, wherein earnings and revenues surpassed the Zacks Consensus Estimate.

SPGI’s adjusted earnings per share (EPS) of $4.73 surpassed the Zacks Consensus Estimate by 7.5% and gained 21.6% year over year. Revenues of $3.9 billion beat the consensus estimate by 1.4% and grew 8.8% year over year.

The SPGI stock has declined 5.2% in the past six months compared with the 5% decline of its industry and 25.2% growth of the Zacks S&P 500 Composite.

S&P Global’s Quarterly DetailsRevenues from Marketing Intelligence were $1.2 billion, which increased 6% from the year-ago reported figure and met our estimate. Ratings revenues in the third quarter of 2025 grew 12% to $1.2 billion and surpassed our projection of $1.1 billion.

Revenues from Commodity Insights were $556 million, rising 6% from the year-ago quarter and missing our estimate of $555.4 million.

Revenues from the Mobility and Indices segments saw year-over-year increases of 8% and 11% to $445 million and $462 million, respectively. Mobility revenues missed our projection of $447.4 million, while Indices beat our estimation of $435.1 million.

Adjusted operating profit was $2 billion, increasing 16% on a year-over-year basis. The adjusted operating profit margin was 52%, rising 330 basis points from the year-ago reported figure.

Balance Sheet & Cash Flow of SPGIS&P Global exited the third quarter of 2025 with cash, cash equivalents and restricted cash of $1.7 billion compared with $1.8 billion in the preceding quarter. The long-term debt was $11.4 billion, flat with the second quarter of 2025.

SPGI generated $1.5 billion in cash from operating activities in the quarter. Capital expenditure was $46 million. The free cash flow was $1.4 billion. The company returned $291 million in the form of dividends.

S&P Global’s 2025 OutlookSPGI has raised its adjusted EPS guidance to $17.60-$17.85 from the preceding quarter’s view of $17.00-$17.25. The guided range is higher than the Zacks Consensus Estimate for EPS of $17.29. The revenue growth guidance has been hiked to 7-8% from the 5-7% provided in the preceding quarter. The company’s capital expenditure guidance is $180-$190 million.

S&P Global carries a Zacks Rank #3 (Hold) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Earnings SnapshotVerisk (VRSK - Free Report) posted impressive third-quarter fiscal 2025 results.

VRSK’s adjusted earnings were $1.72 per share, surpassing the Zacks Consensus Estimate by 1.8% and increasing 3% from the year-ago quarter. Total revenues of $768.3 million missed the consensus estimate marginally but increased 5.9% on a year-over-year basis.

TransUnion (TRU - Free Report) reported impressive third-quarter 2025 results.

TRU’s quarterly adjusted earnings (adjusting 61 cents from non-recurring items) of $1.10 per share surpassed the consensus mark by 5.8% and increased by the same margin year over year. Total revenues of $1.2 billion outpaced the consensus mark by 3.1% and increased 7.8% from the year-ago quarter.

Also Earned Distinction as a Top Workplace in Charlotte, NC

, /PRNewswire/ -- First National Bank, the largest subsidiary of F.N.B. Corporation (NYSE: FNB), recently solidified its reputation for providing an exceptional employee experience with three additional Top Workplaces National Culture Excellence honors and a regional Top Workplaces award for Charlotte, NC.

Using employee feedback collected independently by Energage, a nationally recognized third-party research firm, the Top Workplaces program highlights organizations that cultivate environments where employees feel supported, engaged and fulfilled. Survey results are analyzed across multiple categories at both national and regional levels, with only the highest-performing companies earning recognition for their strong workplace culture, inclusive practices and comprehensive employee support systems.

"FNB's recognition from respected third-party workplace awards reflects the strength of our culture and the dedication of our employees," said Vincent J. Delie, Jr., Chairman, President and Chief Executive Officer of F.N.B. Corporation and First National Bank. "Their innovative spirit drives our success and enables us to attract top talent who share our values and vision."

FNB was awarded for Culture Excellence in the following categories:

Professional Development: Organizations that place a special focus on developing their employees' careers and enabling their people to grow professionally.
Employee Appreciation: Organizations that believe in the self-sustaining performance and positivity boost that results from genuine employee appreciation.
Employee Well-Being: Organizations that put employees' health and wellness at the center of their workplace culture.

The Company earned the Professional Development, Employee Appreciation and Employee Well-Being awards for the third consecutive year in 2025.

FNB was also selected for the Charlotte Top Workplaces award by Charlotte Magazine, marking the fourth consecutive year the Company has received the honor. Since establishing its presence in 2017, FNB continues to grow in the region, with 17 branches around the Charlotte metro area and nearly 100 branches in North Carolina overall.

In 2025, FNB has received numerous awards as an employer of choice, including as one of America's Greatest Workplaces and America's Greatest Workplaces for Financial Services by Newsweek, and as a Top Workplace USA by Energage and USA Today. Also, the Company continues to receive external praise for its overall performance and value-adding client experience, actions as a responsible corporate citizen and leadership team — including Delie, who was recently named U.S. CEO of Year by The Digital Banker.

An expanded list of accolades bestowed on the Company is available at fnb-online.com/awards. For opportunities to join one of the country's leading workplaces, visit fnb-online.com/careers.

About F.N.B. Corporation

F.N.B. Corporation (NYSE: FNB), headquartered in Pittsburgh, Pennsylvania, is a diversified financial services company operating in seven states and the District of Columbia. FNB's market coverage spans several major metropolitan areas, including: Pittsburgh, Pennsylvania; Baltimore, Maryland; Cleveland, Ohio; Washington, D.C.; Charlotte, Raleigh, Durham and the Piedmont Triad (Winston-Salem, Greensboro and High Point) in North Carolina; and Charleston, South Carolina. The Company has total assets of $50 billion and approximately 350 banking offices throughout Pennsylvania, Ohio, Maryland, West Virginia, North Carolina, South Carolina, Washington, D.C. and Virginia.

FNB provides a full range of commercial banking, consumer banking and wealth management solutions through its subsidiary network, which is led by its largest affiliate, First National Bank of Pennsylvania, founded in 1864. Commercial banking solutions include corporate banking, small business banking, investment real estate financing, government banking, business credit, capital markets and lease financing. The consumer banking segment provides a full line of consumer banking products and services, including deposit products, mortgage lending, consumer lending and a complete suite of mobile and online banking services. FNB's wealth management services include asset management, private banking and insurance.

The common stock of F.N.B. Corporation trades on the New York Stock Exchange under the symbol "FNB" and is included in Standard & Poor's MidCap 400 Index with the Global Industry Classification Standard (GICS) Regional Banks Sub-Industry Index. Customers, shareholders and investors can learn more about this regional financial institution by visiting the F.N.B. Corporation website at www.fnbcorporation.com.

SOURCE F.N.B. Corporation

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+

Newsrooms &

Influencers

9k+

Digital Media

Outlets

270k+

Journalists

Opted In

Eagle Bancorp Montana, Inc. (EBMT - Free Report) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.

A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.

Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time.

Therefore, the Zacks rating upgrade for Eagle Bancorp Montana basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.

Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.

For Eagle Bancorp Montana, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.

Harnessing the Power of Earnings Estimate RevisionsEmpirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.

The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .

Earnings Estimate Revisions for Eagle Bancorp MontanaFor the fiscal year ending December 2025, this company is expected to earn $1.73 per share, which is unchanged compared with the year-ago reported number.

Analysts have been steadily raising their estimates for Eagle Bancorp Montana. Over the past three months, the Zacks Consensus Estimate for the company has increased 0.3%.

Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.

You can learn more about the Zacks Rank here >>>

The upgrade of Eagle Bancorp Montana to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.

Investors might want to bet on Arcutis Biotherapeutics, Inc. (ARQT - Free Report) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.

The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.

The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time.

Therefore, the Zacks rating upgrade for Arcutis Biotherapeutics basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.

Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.

For Arcutis Biotherapeutics, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.

Harnessing the Power of Earnings Estimate RevisionsAs empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.

The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .

Earnings Estimate Revisions for Arcutis BiotherapeuticsThis company is expected to earn -$0.44 per share for the fiscal year ending December 2025, which represents no year-over-year change.

Analysts have been steadily raising their estimates for Arcutis Biotherapeutics. Over the past three months, the Zacks Consensus Estimate for the company has increased 19.9%.

Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.

You can learn more about the Zacks Rank here >>>

The upgrade of Arcutis Biotherapeutics to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.

Chain Bridge Bancorp, Inc. (CBNA - Free Report) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.

A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.

Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.

As such, the Zacks rating upgrade for Chain Bridge Bancorp, Inc. is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.

Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.

Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Chain Bridge Bancorp, Inc. imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.

Harnessing the Power of Earnings Estimate RevisionsAs empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.

The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .

Earnings Estimate Revisions for Chain Bridge Bancorp, Inc.This company is expected to earn $3.13 per share for the fiscal year ending December 2025, which represents no year-over-year change.

Analysts have been steadily raising their estimates for Chain Bridge Bancorp, Inc.. Over the past three months, the Zacks Consensus Estimate for the company has increased 11.6%.

Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.

You can learn more about the Zacks Rank here >>>

The upgrade of Chain Bridge Bancorp, Inc. to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.

Corning (GLW - Free Report) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.

The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.

The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time.

Therefore, the Zacks rating upgrade for Corning basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.

Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.

For Corning, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.

Harnessing the Power of Earnings Estimate RevisionsAs empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.

The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .

Earnings Estimate Revisions for CorningThis specialty glass maker is expected to earn $2.50 per share for the fiscal year ending December 2025, which represents no year-over-year change.

Analysts have been steadily raising their estimates for Corning. Over the past three months, the Zacks Consensus Estimate for the company has increased 3%.

Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.

You can learn more about the Zacks Rank here >>>

The upgrade of Corning to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.

Investors might want to bet on Sensata (ST - Free Report) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.

The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.

Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time.

Therefore, the Zacks rating upgrade for Sensata basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.

Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.

For Sensata, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.

Harnessing the Power of Earnings Estimate RevisionsAs empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.

The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .

Earnings Estimate Revisions for SensataFor the fiscal year ending December 2025, this maker of sensing, electrical protection, control and power management products is expected to earn $3.37 per share, which is unchanged compared with the year-ago reported number.

Analysts have been steadily raising their estimates for Sensata. Over the past three months, the Zacks Consensus Estimate for the company has increased 2.3%.

Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.

You can learn more about the Zacks Rank here >>>

The upgrade of Sensata to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In "long context," investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.

While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.

Below, we take a look at Impinj (PI - Free Report) , which currently has a Momentum Style Score of B. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions.

It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Impinj currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period.

You can see the current list of Zacks #1 Rank Stocks here >>>

Set to Beat the Market?Let's discuss some of the components of the Momentum Style Score for PI that show why this provider of radio frequency identification products shows promise as a solid momentum pick.

A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area.

For PI, shares are up 17.08% over the past week while the Zacks Electronics - Semiconductors industry is up 2.52% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 35.99% compares favorably with the industry's 7.32% performance as well.

While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Shares of Impinj have increased 51.22% over the past quarter, and have gained 26.18% in the last year. In comparison, the S&P 500 has only moved 8.51% and 19.49%, respectively.

Investors should also pay attention to PI's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. PI is currently averaging 515,783 shares for the last 20 days.

Earnings OutlookThe Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with PI.

Over the past two months, 1 earnings estimate moved higher compared to none lower for the full year. This revision helped boost PI's consensus estimate, increasing from $1.94 to $1.98 in the past 60 days. Looking at the next fiscal year, 1 estimate has moved upwards while there have been no downward revisions in the same time period.

Bottom LineGiven these factors, it shouldn't be surprising that PI is a #2 (Buy) stock and boasts a Momentum Score of B. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep Impinj on your short list.

By

Aaron Rennie

A former Senior Publishing Editor on the Dow Jones Newswires team at The Wall Street Journal, Aaron earned a Bachelor's degree in Economics from the University of Michigan and a Master's in Journalism from Columbia University.

Published October 30, 2025

12:45 PM EDT

Chipotle Mexican Grill shares sank Thursday, a day after it reported weaker-than-expected third-quarter revenue.
Smith Collection / Gado / Getty Images

Key Takeaways
Major U.S. equities indexes were mixed Thursday afternoon as President Donald Trump met with Chinese leader Xi Jinping on trade issues and investors digested several big tech earnings reports. Chipotle Mexican Grill shares dropped after the fast-casual chain cut its comparable-restaurant sales outlook. Shares of Google parent Alphabet surged as the tech giant's quarterly results topped analysts' expectations.

Major U.S. equities indexes were mixed Thursday afternoon as President Donald Trump met with Chinese leader Xi Jinping on trade issues and investors digested several big tech earnings reports. The Dow Jones Industrial Average rose but the S&P 500 and Nasdaq were lower.

Chipotle Mexican Grill (CMG) shares sank after the fast-casual chain cut its comparable-restaurant sales outlook as it said customers are making fewer visits.

Shares of Meta Platforms (META) were down sharply after the tech giant posted earnings that missed analysts' estimates by a wide margin, citing tax changes.

Sprouts Farmers Market (SFM) stock plummeted as the supermarket chain issued a weak outlook following soft same-store sales.

Shares of Google parent Alphabet (GOOGL) surged as the tech giant's results topped analysts' expectations, with the company surpassing $100 billion in quarterly revenue for the first time.

Eli Lilly (LLY) stock jumped after the maker of popular weight-loss drugs Zepbound and Mounjaro lifted its full-year outlook following stronger-than-expected third-quarter results.

Shares of ServiceNow (NOW) advanced after the enterprise software firm's results topped estimates and its board authorized a 5-for-1 stock split. 

Gold futures rose modestly. Oil futures and the yield on the 10-year Treasury note were little changed. The U.S. dollar was up against the euro, pound, and yen. Prices for most major cryptocurrencies were lower.

Do you have a news tip for Investopedia reporters? Please email us at

[email protected]

Partner Links

Dow Jones Today: Stocks Are Mixed After Trump-Xi Trade Meeting, Big Tech Results; Apple, Amazon Earnings on Tap

Markets News, Oct. 28, 2025: Stock Indexes Close at Fresh Records; Nvidia Stock Jumps to New All-Time High

Markets News, Oct. 29, 2025: Stocks End Mixed After Powell Says Another Rate Cut in December 'Not a Foregone Conclusion'; Nvidia Hits $5 Trillion Market Cap

Top Stock Movers Now: GM, Warner Bros. Discovery, 3M, and More

Top Stock Movers Now: PayPal, UPS, F5, and More

Top Stock Movers Now: IBM, Tesla, Molina Healthcare, and More

Top Stock Movers Now: Salesforce, J.B. Hunt, Hewlett Packard Enterprise, and More

Markets News, Oct. 27, 2025: Major Stock Indexes Close at Record Highs on US-China Trade Optimism; Qualcomm Soars on New Chips for AI Data Centers

Markets News, October 23, 2025: Stocks Gain as Investors Monitor China Trade News, Earnings Results; Oil Futures Surge

Markets News, Oct. 24, 2025: Stocks Close at Record Highs After Tame CPI Inflation Reading; Dow Ends Above 47000 for First Time

Markets News, Oct. 22, 2025: Major Stock Indexes End Lower as Investors Digest Earnings Reports, US-China Trade Tensions

Markets News, Oct. 21, 2025: Stocks End Mixed on Busy Earnings Day; Dow Closes at Record; Gold Dives After Setting New High

Markets News, Oct. 20, 2025: Stocks End Sharply Higher to Begin Week; Apple Hits All-Time High; Gold Recovers as US Government Shutdown Drags On

Markets News, Oct. 17, 2025: Stocks Close Higher to Conclude Volatile Week; Gold Pulls Back After Hitting Fresh Record

Markets News, Oct. 16, 2025: Stocks Close Lower as Regional Bank Shares Plummet; Gold Sets Fresh Record; Bond Yields Fall to Lowest Level Since April

Markets News, Oct. 15, 2025: Stock Indexes End Volatile Session Mostly Higher; Bank of America, Morgan Stanley Continue Run of Strong Bank Results

Microsoft Corp (NASDAQ:MSFT) drew praise from analysts at Wedbush and Jefferies following its fiscal first quarter 2026 earnings report, with both firms highlighting AI-driven growth, robust cloud adoption, and operational strength as key drivers for investor confidence.’

Wedbush maintained an ‘Outperform’ rating with a 12-month price target of $625, emphasizing that Microsoft’s results mark the next stage of AI adoption.

The firm said this was a “robust quarter with strength in Azure front and center; AI revolution hits next gear.”

The analysts highlighted 39% year-over-year growth in Azure and $49.1 billion in Microsoft Cloud revenue, noting that “customers [are] continuously innovating across the tech stack, including more customers building AI apps and agents on its Azure infrastructure.”

Wedbush also flagged strong commercial bookings and backlog, writing that over 150 million monthly users are now engaging with Microsoft’s Copilot products.

On capex, the firm noted that “spend came in at $34.9 billion…with Microsoft fully committed to the AI buildout,” reflecting plans to aggressively expand data center capacity.

“This was another solid quarter by [Microsoft CEO] Nadella & Co putting the company well on its way to join the $5 trillion club over the next 18 months with the AI Revolution still in the early innings of playing out with Microsoft hitting its next phase of monetization on the AI front.”

Microsoft shares traded down 3% at about $525 in the early afternoon on Thursday on investor concern about the company’s plans to accelerate spending this financial year.  

“Any knee-jerk reactions represent strong buying opportunities,” Wedbush concluded.

Jefferies also expressed optimism about Microsoft’s operational momentum and backlog growth.

The analysts highlighted Microsoft’s “soaring RPO,” with commercial RPO accelerating to 51% or $392 billion. They noted that “despite mega investments, operating margin came in at 48.9%, beating consensus and high end of guide at 46.8%.”

Free cash flow of $25.6 billion came in 33% ahead of expectations.

The firm also noted areas to watch, including capacity constraints for Azure, slowing M365 Commercial Cloud growth, and Copilot adoption, with investors watching for when this will drive a meaningful inflection in M365 revenue.

ToplineRoughly $25 billion was cut from Mark Zuckerberg’s net worth as Meta shares dropped by more than 10% on Thursday, pacing what would be the company’s largest single-day loss this year after a tax charge lowered Meta’s quarterly earnings well below Wall Street’s forecasts.

Earnings fell significantly below Wall Street’s expectations, though Meta said it would have exceeded projections before the tax charge.

Zuffa LLC via Getty Images

Key FactsShares of Meta fell 12.3% to around $658.50 after the bell rang Thursday morning, the largest intraday loss for the stock since a 24.5% decline in October 2022.

Meta on Wednesday reported third-quarter earnings per share of $1.05, 84% below economists’ projections of $6.72, according to FactSet, despite revenue of $51.2 billion, above estimates of $49.5 billion.

The 83% dip in EPS over the previous year ($6.03) was marked by a one-time tax charge of $15.9 billion because of President Donald Trump’s One Big Beautiful Bill Act, Meta said, noting it expects a “significant reduction” in its U.S. federal cash tax payments for the rest of 2025 and future years.

Without the tax charge, Meta said earnings per share would have been $7.25.

The company raised its guidance for capital expenditures from between $66 billion and $72 billion to between $70 billion and $72 billion, as CEO Mark Zuckerberg said the company is “aggressively” preparing for the arrival of superintelligence, which Zuckerberg said Meta would be “ideally positioned for a generational paradigm shift in many large opportunities.”

Meta’s Reality Labs unit, responsible for developing the company’s VR headsets and AI smart glasses with Ray-Ban and Oakley, recorded an operating loss of $4.4 billion after generating $470 million in sales, just ahead of Wall Street's expectations that the division would lose $5.1 billion on $316 million in revenue.

Forbes ValautionZuckerberg ranks the world’s fifth-richest person with a net worth estimated at $232.6 billion. He ranked No. 3 behind Oracle’s Larry Ellison ($314.7 billion) and Elon Musk ($490.8 billion) before Meta’s stock slide, as Amazon’s Jeff Bezos ($238.3 billion) and Google’s Larry Page ($236.3 billion) now rank ahead of him, respectively.

Microsoft Stumbles After Reporting Earnings—while Alphabet RisesMicrosoft shares decreased 2.2% to around $529.40 after reporting better-than-expected quarterly results on Wednesday. Microsoft posted earnings per share of $4.13 and revenues totaling $77.6 billion, surpassing forecasts of $3.67 and $75.4 billion, according to FactSet. Microsoft also reported a jump in cloud revenue, rising 28% year-over-year to $30.9 billion. A stock decline for Microsoft appeared to be linked to the company reporting a $3.1 billion hit to net income through the quarter because of its investment in OpenAI, which equated to a loss of $0.41 per share. Alphabet, unlike its “Magnificent Seven” partners, rose 2.7% after its earnings report Wednesday. The quarterly report was headlined by Alphabet’s revenues crossing $100 billion for the first time, hitting $102.3 billion while above estimates of $99.9 billion.

What To Watch ForApple and Amazon will report earnings after market close Thursday. Apple is projected to report earnings per share of $1.78 and $102.2 billion in revenues, while Amazon is expected to post EPS of $1.57 and $177.9 billion in revenues. Nvidia will be the last of the “Magnificent Seven” to post earnings, with a quarterly report scheduled for Nov. 19.

Key BackgroundMeta, whose shares are up 10% this year despite Thursday’s slide, has spent billions in recent years as more companies shift to meet growing demand for AI. Meta invested $14.3 billion in the AI startup Scale AI earlier this year and hired its CEO, Alexandr Wang, to lead Meta’s AI initiative, Superintelligence Labs. The company has also reached several cloud deals in recent weeks to build its AI infrastructure, including a six-year, $10 billion deal inked with Google in August.

Further ReadingForbesApple Passes $4 Trillion Market Value—Joining Microsoft And NvidiaForbesTesla Shares Stumble 5% After Third Quarter Profit SinksBy Ty Roush

ForbesSenate Passes Trump’s Megabill: Here’s What’s In And OutBy Sara Dorn

Analyst’s Disclosure:I/we have a beneficial long position in the shares of HOV either through stock ownership, options, or other derivatives. 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.