Track market-moving stories before they get noisy

Key Takeaways Shopify shares surged 55.6% in three months, driven by AI expansion and payments growth.Shopify's AI-driven orders tripled in Q2 2026, while Payments penetration reached 68% of global GMV.SHOP trades at 12.33X forward sales versus the sector's 5.72X.
Shopify (SHOP - Free Report) shares have surged 55.6% in the past three months, outperforming the broader Zacks Computer and Technology sector’s return of 4.9%. This outperformance reflects strong investor enthusiasm surrounding its accelerating e-commerce growth, expanding artificial intelligence (AI) capabilities, increasing payments penetration and improving profitability. The company’s prospects are expected to benefit from AI-driven commerce, strong merchant engagement and an expanding international footprint. So, what should investors do with the stock? Let’s find out.

SHOP’s Growing AI Prowess to Steer Off CompetitionShopify is facing stiff competition from the likes of Amazon (AMZN - Free Report) , Wix.com (WIX - Free Report) and Commerce.com (CMRC - Free Report) . Amazon’s services, such as Buy with Prime, Amazon Multi-Channel Fulfillment and Amazon Pay, enable merchants to sell both on and off Amazon while leveraging its fulfillment network and checkout technology. Wix competes with Shopify by providing an all-in-one platform that combines website creation, online stores, payments, booking, marketing and AI-powered business tools. Commerce.com offers cloud-based software for building online stores, managing product catalogs, processing payments, supporting omnichannel selling and serving both B2C and B2B merchants.

In terms of share price performance, over the past three months, Wix shares have outperformed Shopify, while shares of Commerce.com and Amazon have outperformed. Wix, Commerce.com and Amazon returned 61.3%, 39%, and 12.3%, respectively.

SHOP Stock’s Price Performance
Image Source: Zacks Investment Research

Nevertheless, Shopify’s expanding AI capabilities are expected to help the company steer off competition. The company is positioning itself as an essential infrastructure provider for AI-driven commerce through its Catalog, Universal Commerce Protocol and partnerships with OpenAI, Google, Meta and Microsoft.

The company's Catalog structures data for more than one billion products, enabling AI agents to access accurate product descriptions, pricing and inventory information. AI-driven traffic and orders to Shopify stores tripled year over year in the second quarter of 2026, while new-buyer order rates from AI channels were roughly twice those of other channels. As AI assistants become increasingly important shopping channels, Shopify is expected to benefit from additional merchant discovery, higher conversion rates and increased transaction volumes.

SHOP’s Prospects Ride on Payments PenetrationMeanwhile, Shopify Payments represents one of the company’s most compelling revenue growth catalysts. In the second quarter of 2026, Merchant Solutions revenues rose 37% year over year to $2.78 billion, supported by strong Gross Merchandise Volume (GMV) and higher payments penetration.

Shopify Payments penetration reached 68% of global GMV, increasing three percentage points year over year. The company expanded payment availability to 40 countries, including the United Arab Emirates, while European penetration increased more than 350 basis points. Shop Pay GMV grew 53% year over year, supported by wider availability of local payment methods, improved checkout experiences and financing options.

Increasing payment penetration allows Shopify to monetize a larger proportion of existing merchant transactions, thereby supporting sustained Merchant Solutions revenue growth. Shopify’s GMV advanced 32% year over year to approximately $116 billion in the second quarter, marking its fifth consecutive quarter of growth exceeding 30%. Management highlighted that merchants generating between $2 million and $25 million in annual GMV continue to contribute the largest incremental GMV, primarily as existing merchants scale their businesses.

SHOP’s Q3’26 Earnings Estimates Revisions Are PositiveThe Zacks Consensus Estimate for SHOP’s third-quarter earnings is currently pegged at 45 cents per share, up by a penny over the past 60 days and indicating year-over-year growth of 32.35%. The consensus mark for third-quarter revenues is pegged at $3.74 billion, suggesting 31.33% year-over-year growth.
 

The Zacks Consensus Estimate for SHOP’s 2026 earnings is currently pegged at $1.89 per share, unchanged over the past 60 days and indicating year-over-year growth of 61.54%. The consensus mark for 2026 revenues is pegged at $15.19 billion, suggesting 31.46% year-over-year growth.

SHOP Shares Are Trading at a PremiumShopify shares are trading at a premium, as suggested by a Value Score of F.

In terms of the forward 12-month price/sales (P/S), SHOP is currently trading at 12.33X compared with the broader sector’s 5.72X. Shopify shares are pricey compared with Amazon, Wix.com and Commerce.com. Shares of Amazon, Wix.com and Commerce.com are trading at P/S multiples of 3.05, 1.86 and 0.90, respectively.

SHOP Stock’s Valuation
Image Source: Zacks Investment Research

Conclusion: Is SHOP Stock Still a Buy?Shopify’s expanding AI capabilities, increasing payments penetration and robust GMV growth are expected to sustain its strong growth momentum. The company's expanding international presence and positive earnings estimate revisions further strengthen its prospects. Although stiff competition and premium valuation remain concerns, Shopify's strong fundamentals and growing adoption of AI-powered commerce solutions justify investor optimism. The company's solid growth trajectory makes SHOP an attractive stock for long-term investors despite its recent rally.

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

Key Takeaways GPC's adjusted EBITDA margin held at 8.4% as elevated expenses offset gross margin.The Iran conflict cut third-quarter EBITDA by $16M, while additional costs are expected in the next quarter.GPC's planned 2027 separation could add $350 million in annual corporate costs.
Genuine Parts (GPC - Free Report) continues to face operating challenges following its third-quarter 2026 earnings release, as elevated expenses and uneven automotive demand weigh on profitability. While the company’s Industrial segment remains a growth driver, margin pressures and geopolitical disruptions are limiting its ability to translate sales gains into stronger earnings. The planned separation of its Automotive and Industrial businesses could also introduce high costs and execution risks. 

Shares of GPC are down 6.4% over the past year compared with the industry’s 11.6% fall. 

Image Source: Zacks Investment Research

Let’s examine the key factors weighing on GPC stock. 

GPC Faces Persistent Cost Inflation and Margin PressureGenuine Parts continues to face elevated health care, freight, rent and wage expenses across its markets. Although pricing actions and sourcing efficiencies have helped offset product cost inflation, operating expenses continue to limit profitability. In the third quarter of 2026, adjusted gross margin expanded 70 basis points (bps) to 38.1%, but adjusted EBITDA margin remained flat at 8.4%, indicating that higher expenses absorbed the gross margin improvement. 

The pressure was more evident in the Automotive segment. North America Automotive EBITDA declined 2.9%, while its EBITDA margin contracted 40 bps to 7.6%. Despite restructuring savings, persistent supplier cost increases and elevated freight and fuel expenses could continue to constrain margin expansion through the end of 2026. 

Genuine Parts Faces Geopolitical and Tariff Cost PressuresThe Iran conflict has increased operating expenses and weakened automotive demand across key markets. Management estimated the conflict reduced third-quarter 2026 EBITDA by $16 million, or 9 cents per share, while lowering EBITDA margin by approximately 20 bps. 

The cost burden has continued to accumulate. Fuel and diesel prices increased approximately 30% and 50%, respectively, year over year, while incremental conflict-related operating expenses reached around $35 million in the first nine months of 2026. Management expects an additional $15-$25 million in related costs in the fourth quarter. 

Continued geopolitical uncertainty could further increase energy, freight and supplier expenses while weighing on consumer spending. 

GPC’s Automotive Demand Remains UnevenGPC’s Automotive business faces an uncertain demand environment as consumers remain sensitive to fuel prices and weakening confidence. North America Automotive comparable sales growth slowed to 1.7% in the third quarter of 2026 from 2.6% in the second quarter. U.S. comparable sales increased just 1.8%, while NAPA retail comparable sales declined approximately 3%. 

International markets also recorded modest growth, with comparable sales increasing 1.3% in Canada, 1.1% in Europe and 0.7% in Australasia. However, these gains have not eliminated concerns about the underlying weakness in automotive retail demand. 

The combination of slower sales momentum and mounting operating expenses could further pressure Automotive profitability. Continued weakness in retail sales could make it harder for GPC to achieve a meaningful recovery in its Automotive business. 

Genuine Parts’ Separation Raises Cost RisksGenuine Parts remains on track to separate its Automotive and Industrial businesses in the first quarter of 2027. Although the move is intended to sharpen strategic focus and allow each business to pursue distinct growth strategies, the transition is expected to bring substantial additional costs. 

Following the separation, the Automotive business is expected to absorb roughly $250 million in additional corporate costs and dis-synergies, while Industrial is expected to incur approximately $100 million. Separation-related costs totaled $21 million before taxes in the third quarter of 2026, bringing the nine-month total to roughly $55 million. 

These expenses primarily reflect advisory services, professional fees and other transition activities. The separation will also require distinct corporate functions, technology systems and capital structures, increasing execution requirements. 

Given persistent cost inflation, uneven automotive demand and rising separation expenses, Genuine Parts faces significant challenges to improving profitability. These headwinds, coupled with a narrower earnings outlook, could weigh on future performance, making selling GPC stock the prudent approach. 

Genuine Parts Company Price and ConsensusGPC's Zacks Rank & Key PicksGPC currently carries Zacks Rank #4 (Sell).

Some better-ranked stocks in the Auto space are Honda Motor (HMC - Free Report) , Lucid Group, Inc. (LCID - Free Report) and Toyota (TM - Free Report) . HMC sports a Zacks Rank #1 (Strong Buy), while LCID and TM carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for HMC’s current-year earnings is pegged at $2.29 per share, indicating a 208.5% year-over-year increase. The estimate for earnings has moved northward over the past 60 days.

The Zacks Consensus Estimate for LCID’s current-year loss is pegged at $12.15 per share, 0.5% wider year over year. Its earnings missed the Zacks Consensus Estimate in each of the trailing four quarters, with the average negative earnings surprise being 30.3%.

The Zacks Consensus Estimate for TM’s current fiscal-year earnings is pegged at $20.3 per share, indicating a 3.5% year-over-year increase. The estimate for earnings has moved down over the past 30 days. 

Palantir Taps Aplos Data to Bring Its AI Platforms to More U.S. Businesses

Summary

Palantir has expanded Aplos Data’s role, allowing the partner to bring its data and AI platforms to new U.S. customers

Palantir Technologies PLTR has promoted Aplos Data to the top tier of its partner network, expanding the firm's role from serving existing clients to pursuing new U.S. customers for Palantir software.

The change allows Aplos Data to introduce Foundry, Palantir's data platform, and its Artificial Intelligence Platform, or AIP, to organizations that have not yet adopted the products. Financial terms were not disclosed.

Aplos Data connects information across a client's systems to support operational decisions through Palantir software. Its projects include a fuel-management application for Mansfield Energy that monitors diesel tanks and anticipates replenishment needs. It has also helped develop SurfOS, Surf Air Mobility's digital infrastructure for aviation.

Palantir's business development chief Kevin Kawasaki credited Aplos Data's delivery record. The firm's founding team includes recipients of Palantir's DevCon Fellowship, and its operations span Columbus, Ohio, and Miami.

The expanded role gives the software company another channel to reach prospective customers, while Aplos Data can take on a broader part in introducing its platforms.

Disclosures
I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.

Click for the complete disclosure

Key Takeaways APA plans to maintain Forties Charlie operations despite a threatened strike involving more than 160 workers.Experienced staff will support pipeline flows even if production stops at Apache's five Forties platforms.A pay dispute threatens seven offshore installations, with another 24-hour strike scheduled for Nov. 4.
APA Corporation (APA - Free Report) plans to maintain operations at the strategically important Forties Charlie platform in the U.K. North Sea despite threatened industrial action by workers at its Apache subsidiary. The company's contingency measures are aimed at ensuring the continued transportation of third-party oil production through the Forties Pipeline System, even if its own offshore output is temporarily suspended.

More than 160 offshore workers represented by the Unite union were scheduled to stage a 24-hour strike beginning Oct. 21, 2026, following disagreements over pay and backdated wages. The planned industrial action covers seven offshore installations across the Forties and Beryl fields, raising concerns about potential disruptions to Britain's energy infrastructure.

APA's Contingency Measures to Protect Pipeline OperationsAPA intends to retain experienced personnel at the Forties Charlie platform to support its continued operation during the industrial action. This arrangement is designed to safeguard third-party production flows, even if output from all five of Apache's Forties platforms is temporarily halted.

The company has indicated that any pressure reduction in the Forties pipeline resulting from suspended production would be comparable to conditions experienced during routine maintenance outages. Consequently, APA does not anticipate the labor dispute affecting other operators' ability to transport hydrocarbons through the network.

The operational strategy highlights APA's efforts to contain the impact of the strike within its own production facilities while preserving access to essential infrastructure for other North Sea producers.

Why the Forties Pipeline System MattersThe Forties Pipeline System represents a critical component of the United Kingdom's offshore energy infrastructure. Operated by Ineos, the network receives production from more than 80 offshore oil and gas fields and is connected to the St. Fergus gas processing facility.

The system handles approximately 29% of U.K. oil and 30% of gas, based on figures cited by Unite. Forties crude also contributes to the physical North Sea oil market's pricing benchmark, making the network important beyond Britain's domestic energy requirements.

Unite has warned that a shutdown of the Forties Charlie platform could reduce pipeline pressure sufficiently to interrupt operations throughout the network. Such an event could affect numerous producers that depend on the infrastructure.

However, APA's proposed staffing arrangements and assessment of pipeline pressure conditions suggest that a broader shutdown is not inevitable, even if the planned strike proceeds.

Pay Dispute Raises Further Operational UncertaintyThe threatened industrial action follows the rejection of a compensation proposal by Apache's offshore workforce. Unite maintains that the company's offer would effectively reduce wages in real terms for many employees.

Discussions involving the Advisory, Conciliation and Arbitration Service were scheduled ahead of the walkout in an attempt to resolve the disagreement.

The union has also scheduled another 24-hour strike for Nov. 4 if the dispute remains unresolved. Prolonged negotiations or additional industrial action could therefore create uncertainty surrounding Apache's offshore production schedules.

For APA, the immediate priority remains maintaining safe operations and limiting the potential consequences for third-party producers while navigating the labor dispute.

APA's Financial Position and North Sea ExposureAPA’s strong financial resources provide context for the company's broader ability to manage operational challenges, although the financial impact of the proposed strike has not been quantified.

Any temporary suspension of Apache's production could affect near-term output, depending on the duration and scope of industrial action. Nevertheless, maintaining the Forties Charlie platform would help prevent a localized labor dispute from developing into a more extensive disruption across the North Sea energy network.

The situation also comes amid uncertainty in global oil and refined-product markets associated with the prolonged Middle East conflict, increasing the importance of maintaining reliable European energy supplies.

What Lies Ahead for APA?APA's efforts to keep Forties Charlie operational could help protect third-party production and reduce the likelihood of a wider pipeline interruption. However, the unresolved compensation dispute and possibility of further industrial action remain important operational risks.

The outcome of negotiations and the company's ability to maintain pipeline functionality will be crucial in determining the eventual impact on its North Sea operations. While the available information does not establish that a system-wide shutdown has occurred, APA's contingency planning indicates a focus on operational continuity amid ongoing labor uncertainty.

APA’s Zacks Rank & Other Key PicksHouston, TX-based APA is the parent holding company of Apache and is engaged in the exploration, development and production of natural gas, crude oil and natural gas liquids. Currently, APA carries a Zacks Rank #2 (Buy).

Investors interested in the energy sector may consider some other top-ranked stocks like Canadian Natural Resources Limited (CNQ - Free Report) , Crescent Energy Company (CRGY - Free Report) and Delek US Holdings, Inc. (DK - Free Report) , each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

Calgary-based Canadian Natural Resources is one of the largest independent energy companies in Canada engaged in the exploration, development and production of oil and natural gas. The Zacks Consensus Estimate for CNQ’s 2026 earnings indicates 61.4% year-over-year growth.

Crescent Energy is a U.S. onshore oil and gas producer focused on three major basins: the Eagle Ford in Texas, the Permian in Texas and New Mexico, and the Uinta in Utah. The Zacks Consensus Estimate for CRGY’s 2026 earnings indicates 46.7% year-over-year growth.

Brentwood, TN-based Delek US Holdings is an independent refiner, transporter and marketer of petroleum products. The Zacks Consensus Estimate for DK’s 2026 earnings indicates 169.4% year-over-year growth.

Stryker (SYK - Free Report) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2026. This widely-known consensus outlook 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 stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 29. 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 medical device maker is expected to post quarterly earnings of $3.56 per share in its upcoming report, which represents a year-over-year change of +11.6%.

Revenues are expected to be $6.58 billion, up 8.6% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.8% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

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

Price, Consensus and EPS Surprise

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

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

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

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

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

How Have the Numbers Shaped Up for Stryker?For Stryker, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.44%.

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

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

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

For the last reported quarter, it was expected that Stryker would post earnings of $3.46 per share when it actually produced earnings of $3.69, delivering a surprise of +6.65%.

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.

Stryker 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 Medical - Products industry, Boston Scientific (BSX - Free Report) , is soon expected to post earnings of $0.76 per share for the quarter ended September 2026. This estimate indicates a year-over-year change of +1.3%. Revenues for the quarter are expected to be $5.17 billion, up 2.1% from the year-ago quarter.

The consensus EPS estimate for Boston Scientific has been revised 0.5% lower over the last 30 days to the current level. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -1.44%.

When combined with a Zacks Rank of #4 (Sell), this Earnings ESP makes it difficult to conclusively predict that Boston Scientific will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times.

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

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

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 29. 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 agribusiness and food company is expected to post quarterly earnings of $2.43 per share in its upcoming report, which represents a year-over-year change of +7.1%.

Revenues are expected to be $23.08 billion, up 4.2% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 2.6% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

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

Price, Consensus and EPS Surprise

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

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

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

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

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

How Have the Numbers Shaped Up for Bunge Global?For Bunge Global, 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 -3.09%.

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

So, this combination makes it difficult to conclusively predict that Bunge Global 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 Bunge Global would post earnings of $2.03 per share when it actually produced earnings of $2.00, delivering a surprise of -1.48%.

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.

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

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

There’s not a lot of bullishness in the silver market right now.

After surging to just over $120 per ounce in January, silver corrected and has lost more than half its value.

Given the metal's trajectory over the last 10 months, bearishness is understandable. But as technical analyst Jesse Colombo pointed out in a recent Substack article, many investors delivering silver’s last rites today only started paying attention as silver neared that $120 peak.

“They piled in near the very top, just weeks or even days before silver peaked at $121, only to lose interest when it corrected, as all overheated assets eventually do. Then they simply moved on to what they believe is the latest and greatest hot asset, whether it’s an overvalued and overhyped AI stock, a new cryptocurrency, or whatever else the lemmings are currently piling into.”

Colombo believes these investors have completely missed the big picture.

“Naturally, most of those same investors had practically no interest in silver when I foresaw the bull market beginning in early 2024, when it was still trading in the $20s. Now that silver has cooled off, they are once again nowhere to be found.”

And Colombo thinks they are about to miss out on “the next powerful leg of this bull market.”

“This is the time to be paying close attention and accumulating while it is still quite cheap. The next move is going to take most investors by surprise, and they will only want to pile back in once silver is overheated again and all over the news.”

A cup of SilverColombo said he has been following a “silver bull market roadmap” for the past couple of years. That roadmap is a massive cup-and-handle pattern that's been forming since the 1960s.

A cup-and-handle pattern is an extremely bullish technical indicator.

As Colombo noted, this decades-in-the-making pattern “projects the metal reaching hundreds of dollars per ounce following a breakout.”

That breakout occurred when silver finally surged through $50 last October.

That $50 level served as a firm resistance level for decades. Silver hit that level twice: the first time in the 1980s, and then again nearly two years after the Great Recession. Colombo said that now that silver broke this resistance, history tells us silver is poised for a massive run higher.

“Although silver has since cooled off, the breakout remains very much valid and in play, and I see the next powerful leg higher beginning soon once this necessary cooling-off period is complete.”

After the breakout, Colombo warned that silver was due for a “healthy cooling-off period,” but it would not mark the end of the bull market.

“I continue to stand by that view today.”

Colombo noted that the “relative strength index (RSI)” tracks sentiment in the silver market. The RSI clearly shows that silver became extremely overheated and overbought in late 2025 and early 2026.

Today, the RSI has moderated, revealing that silver is closer to oversold. Colombo said this indicates, “the worst of the correction is behind us and that anyone calling for a sharp crash from here has the odds stacked against them.”

Colombo noted that silver has held the $50 support level throughout the correction.

“This means silver’s breakout remains fully intact and in play as long as it continues to hold above $50, which has now become a key support level.”

Colombo pointed out that silver appears to be forming a “double bottom.” We might see a final flush that pushes silver below $50 before it ultimately bottoms and then off on the next leg higher. But he said this isn’t his “base-case expectation.”

“There is no hard-and-fast rule that says silver must precisely touch the $50 support level before its correction can come to an end.”

The gold-silver ratio is another key technical indicator for silver. This ratio tells you how many ounces of silver it takes to buy an ounce of gold at the current spot price. For instance, a ratio of 70-1 means it takes 70 ounces of silver to buy an ounce of gold.

In the modern era, the gold-silver ratio has averaged between 40-1 and 60-1. When it rises far above that level, it tends to snap back to the mean as silver prices rise and close the gap.

Colombo notes that the gold-silver ratio is currently in a triangle pattern, a common occurrence when asset prices pause and consolidate.

“In technical analysis, triangle patterns often act as continuation patterns, meaning that once the necessary consolidation or cooling-off period has run its course, the original trend resumes in the same direction, setting the stage for a repeat of the prior move.”

Colombo said that when this pattern breaks down, he expects it will kick off the next phase of the bull market. At that point, silver will likely surge back to its record high of $121 and beyond.

Finally, Colombo said that the fact we never saw true silver mania grip the market supports his belief that this is a short-term correction, not a top and a pending multi-year bear market. He noted that iShares Silver Trust reported a “lukewarm” 30 million ounce increase in silver holdings even as the price increased sixfold.

“That kind of lukewarm interest from American investors is simply not what you would expect to see during a true bubble mania immediately before a violent collapse and years of declining prices. My bet, however, is that the real mania still lies ahead of us and will begin to unfold once silver surpasses its January peak of $121, ultimately taking the metal into the hundreds of dollars per ounce.”

Colombo also noted that American Silver Eagle sales “fell off a cliff” during those years.

“To me, this is further confirmation that silver’s long-term bull market did not end in January 2026. There simply was not enough mainstream investor participation to mark a true secular peak.”

Colombo concludes, asserting that “mainstream investors are notoriously fickle, and that seems to be especially true when it comes to silver.”

“They tend to take an interest only after silver is already posting explosive gains, pile in too late just before a correction, and then blame silver when they lose money, claiming that it is a bad investment. The reality is that the problem is not silver or silver miners, but their own poor timing and investing behavior.”

Colombo said that this correction presents a buying opportunity.

“The time to pay close attention and accumulate is when silver seems boring, and investors are giving up on it, because that is when it is setting up for its next leg higher. I sincerely believe that is where we are today. The 2026 correction has tested investors’ patience, but those who stayed the course will be richly rewarded when silver’s next powerful leg higher begins.”

Spotify confirmed the reports of its crackdown on Family Plan sharing during its third-quarter call with investors, calling its new method “a routine improvement” to its existing verification tools.

Over the past several days, reports had surfaced indicating that Spotify was rolling out a “QR code verification” method, where the app would prompt members on its Family Plan to verify they lived with the plan manager by scanning a QR code. This code appears on the plan manager’s phone, which the plan member then needs to scan with their own phone, according to Spotify’s support documentation.

Plan members have seven days to complete the QR code after getting a notification, which means they could be out of luck if they live outside the home and aren’t planning a return visit anytime soon. If the verification window is missed, they won’t be able to join another Family or Duo plan for 12 months, but would instead have to shift to an individual plan that they pay for themselves.

The move is meant to boost subscriptions to Spotify’s profitable Premium plans, rather than allowing adult children or friends who live apart from gaming the system to get a cheaper plan by splitting a Family Plan subscription.

During the earnings call, an investor asked a question about the crackdown and what it means, but Spotify co-CEO Alex Norström downplayed the change, calling it a “routine improvement,” not a “crackdown.”

“Family Plan has existed for a long while. It has been around for, I think it is now close to 12, 13 years in Spotify history, and it makes up a pretty significant proportion of our subscriber base,” said Norström. “As such, it is important for us to just make sure over time that we improve the verification methods that we have. There are certainly ways, over time, to find holes around it. As that happens, we figure out how to improve it over time,” he added.

The executive said that the company’s attempt to better verify its users is not something that would have an end date or would ever be complete, but would be considered an ongoing routine improvement.

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Sarah has worked as a reporter for TechCrunch since August 2011. She joined the company after having previously spent over three years at ReadWriteWeb. Prior to her work as a reporter, Sarah worked in I.T. across a number of industries, including banking, retail and software.

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Sirius XM (SIRI - Free Report) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended September 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

The earnings report, which is expected to be released on October 29, 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 satellite radio company is expected to post quarterly earnings of $0.76 per share in its upcoming report, which represents a year-over-year change of -9.5%.

Revenues are expected to be $2.16 billion, down 0% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.51% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

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

Price, Consensus and EPS Surprise

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

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

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

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

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

How Have the Numbers Shaped Up for Sirius XM?For Sirius XM, 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 +7.66%.

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

So, this combination indicates that Sirius XM 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 Sirius XM would post earnings of $0.78 per share when it actually produced earnings of $0.70, delivering a surprise of -10.26%.

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.

Sirius XM 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.

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

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 29. On the other hand, if they miss, the stock may move lower.

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

Zacks Consensus EstimateThis maker of Oreo cookies, Cadbury chocolate and Trident gum is expected to post quarterly earnings of $0.72 per share in its upcoming report, which represents a year-over-year change of -1.4%.

Revenues are expected to be $9.98 billion, up 2.4% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.77% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

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

Price, Consensus and EPS Surprise

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

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

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

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

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

How Have the Numbers Shaped Up for Mondelez?For Mondelez, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.71%.

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

So, this combination makes it difficult to conclusively predict that Mondelez 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 Mondelez would post earnings of $0.67 per share when it actually produced earnings of $0.73, delivering a surprise of +8.96%.

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.

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

Expected Results of an Industry PlayerAmong the stocks in the Zacks Food - Miscellaneous industry, Chefs' Warehouse (CHEF - Free Report) , is soon expected to post earnings of $0.59 per share for the quarter ended September 2026. This estimate indicates a year-over-year change of +18%. This quarter's revenue is expected to be $1.13 billion, up 10.4% from the year-ago quarter.

The consensus EPS estimate for Chefs' Warehouse has been revised 0.6% higher over the last 30 days to the current level. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -1.70%.

When combined with a Zacks Rank of #2 (Buy), this Earnings ESP makes it difficult to conclusively predict that Chefs' Warehouse will beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.

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

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

The earnings report, which is expected to be released on October 29, 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 a manufacturer of motor vehicles and passenger cars is expected to post quarterly loss of $0.67 per share in its upcoming report, which represents a year-over-year change of +4.3%.

Revenues are expected to be $2.02 billion, up 29.7% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 1.03% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

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

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. 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 Rivian Automotive?For Rivian Automotive, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -2.55%.

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

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

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

For the last reported quarter, it was expected that Rivian Automotive would post a loss of$0.65 per share when it actually produced a loss of -$0.47, delivering a surprise of +27.69%.

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.

Rivian Automotive 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 ResultsRivian Automotive (RIVN - Free Report) , another stock in the Zacks Automotive - Domestic industry, is expected to report loss per share of $0.67 for the quarter ended September 2026. This estimate points to a year-over-year change of +4.3%. Revenues for the quarter are expected to be $2.02 billion, up 29.7% from the year-ago quarter.

Over the last 30 days, the consensus EPS estimate for Rivian Automotive has been revised 1% up to the current level. Nevertheless, the company now has an Earnings ESP of -2.55%, reflecting a lower Most Accurate Estimate.

This Earnings ESP, combined with its Zacks Rank #2 (Buy), makes it difficult to conclusively predict that Rivian Automotive will beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.

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

Robinhood's crypto revenue has been sliding for three straight quarters, but a surge in trading activity toward the end of Q3 hints that a turnaround may be closer than analysts expected. The question is whether it will be enough to…

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In Q2 2026, Robinhood’s (NASDAQ:HOOD | HOOD Price Prediction) crypto revenue fell 38% year over year to $100 million. This marks the company’s third consecutive quarter of decline. Robinhood is projected to release its third-quarter results after the market closes on October 27, though the exact date is not yet confirmed.

Despite the downturn, crypto trading activity picked up in August and September. Did this increase help reverse the decline in Robinhood’s crypto revenue?

Robinhood’s Crypto Revenue Fell While Equities and Event Contracts Grew

Crypto revenue accounted for just 7.6% of Robinhood’s $1.31 billion in total revenue in Q2. A year prior, crypto played a much larger role in the company’s earnings. In Q3 2025, crypto revenue soared over 300% to $268 million, accounting for 21% of total sales.

Robinhood’s crypto revenue depends on trading activity and cryptocurrency prices, as the company primarily earns from customer trades. After the crypto boom peaked, crypto revenue fell to $221 million in Q4 2025, $134 million in Q1, and $100 million in Q2.

However, other business segments continued to expand. In Q2, revenue from equities surged by 95%, and event contracts—financial products tied to specific events—generated $156 million, surpassing the company’s crypto earnings for the same quarter.

Analysts Expect Higher Q3 Revenue but Lower Earnings Per Share

Analysts are optimistic about Q3, predicting earnings per share (EPS) of $0.54, up from $0.46 three months ago. They anticipate total revenue to reach around $1.41 billion.

Metric
Consensus
Year Ago
YoY Change

Q3 2026 EPS
$0.54
$0.61
Down 11.0%

Q3 2026 Revenue
$1.41 billion
$1.27 billion
Up 11.0%

FY2026 EPS
$2.15
$2.05
Up 4.9%

FY2026 Revenue
$5.28 billion
$4.47 billion
Up 18.1%

Of the 29 analysts covering the stock, 6 recommend a strong buy, 18 a buy, 3 a hold, 1 a sell, and 1 a strong sell. Their average price target of $135 is roughly 38% above the stock’s premarket price.

Even with this optimism, Robinhood’s shares have struggled. The stock is trading around $98 premarket, down 4.1%, and has lost 20.7% over the past month amid a broader tech sell-off.

Additionally, CEO Vlad Tenev sold approximately $72.8 million in stock on September 22 and October 5. However, these sales followed a scheduled Rule 10b5-1 trading plan established on September 5, 2025, as indicated in his Form 4 filings.

Robinhood’s Crypto Trading Picked Up After a Slow Start to Q3

During the July 29 earnings call, management expressed caution about the crypto segment. Chief Financial Officer Shiv Verma noted that crypto was “probably a little slower than Q2 so far,” while trading volumes in equities, options, and event contracts remained steady compared to Q2.

However, crypto trading rebounded as the quarter progressed. August saw crypto trading volume rise 61% to $17.5 billion, with late-September trading running 25% above the August average. Analysts at BTIG reported that September’s figures point to a generally strong Q3.

That said, even a strong finish may not turn the tide significantly. Robinhood hasn’t released complete crypto trading volume for the quarter yet, making a direct comparison with Q2 difficult. Moreover, while Bitcoin (CRYPTO:BTC) has gained 31.4% over the past 90 days, it still trades 21.8% below its price a year ago, making last year’s $268 million in crypto revenue a high bar to clear.

Event Contracts and Trump Accounts Could Shape Robinhood’s Q3 Report

Another focal point will be event contracts. Rothera, Robinhood’s exchange for event contracts, has quickly become one of the top three U.S.-designated contract markets, federally regulated exchanges for futures and event contracts.

Additionally, the launch of Trump Accounts—investment accounts for children—on July 4 has attracted over 7 million sign-ups and nearly $1.5 billion in deposits. The Q3 report will likely show how much these accounts contribute to Robinhood’s new-customer deposits.

Competitors are also chasing Robinhood’s customers. For instance, Interactive Brokers lets clients stake Ethereum directly on its platform.

Can Robinhood’s Crypto Revenue Recover in Q3?
Given the strong trading volumes in August and September, Robinhood’s crypto revenue could exceed Q2’s $100 million. However, surpassing last year’s $268 million figure seems unlikely while Bitcoin remains over 21% below its value from a year ago. Since crypto accounted for only 7.6% of total sales in Q2, performance in options, equities, event contracts, and interest income may better reflect the quarter’s overall results.

Ultimately, even if crypto revenue rebounds, it may not significantly affect the stock price. Historically, Robinhood shares have fallen on earnings day after each of the last four reports, even though three of those reports beat estimates. Thus, a successful Q3 might not drive gains unless management provides positive updates on October trading activity, a crucial month when Bitcoin began to show volatility.

Contact [email protected] for any questions or corrections.

Key Takeaways Zscaler is expanding its data security platform as AI adoption raises risks of sensitive information leaks.Data Security ARR tops $500M in Q3 and the solution was in about 70% of Security for AI deals in Q4.A seven-figure Zscaler expansion deal lifted an asset manager's annual spending nearly 40% to over $5M.
Zscaler, Inc. (ZS - Free Report) is strengthening its data security business as companies adopt artificial intelligence (AI) and face growing risks of sensitive information leaks. Its integrated security platform could help enterprises simplify data protection while creating opportunities to win larger deals and expand existing customer relationships.

Data Security has become an important growth driver for Zscaler. In the third quarter of fiscal 2026, its Data Security annual recurring revenues (ARR) crossed $500 million, growing more than 30% year over year. The company offers tools for data discovery, classification, data loss prevention and data security posture management. These capabilities help businesses identify sensitive information and control how it is accessed and shared across cloud applications and endpoints.

Customer demand is also encouraging. In the fourth quarter of fiscal 2026, about 70% of Zscaler’s Security for AI deals included its Data Security solution. This highlights the connection between AI adoption and the need to protect confidential business information. Zscaler also won a seven-figure expansion deal with a global asset management firm that selected its data security posture management solution over a private competitor. The customer’s annual spending increased nearly 40%, reaching more than $5 million in ARR.

The company reported fiscal 2026 revenues of $3.35 billion, up 25% year over year. If data security adoption continues to expand, cross-selling could support future growth and strengthen Zscaler’s position in the AI security market. The Zacks Consensus Estimate for Zscaler’s fiscal 2027 revenues is currently pegged at $3.93 billion, indicating a 17.2% year-over-year increase.

How Do Rivals Fare Against ZS in Data Security Space?Zscaler competes with several cybersecurity players, including Palo Alto Networks, Inc. (PANW - Free Report) and Rubrik, Inc. (RBRK - Free Report) , that are enhancing capabilities in the data security space.

Palo Alto Networks competes with Zscaler through its cloud security and AI-powered security platforms, which help businesses protect applications and sensitive information. In the fourth quarter of fiscal 2026, its revenues grew 34% year over year to $3.41 billion, while Next-Generation Security ARR increased 63% to $9.1 billion. Palo Alto Networks’ broad platform gives customers more options for consolidating security tools.

Rubrik focuses on protecting business data, recovering information after cyberattacks and reducing data-related risks. In the second quarter of fiscal 2027, revenues increased 38% year over year to $427.3 million, while subscription ARR rose 33% to $1.66 billion. Its Rubrik Security Cloud platform also incorporates AI-driven capabilities to strengthen data protection and cyber recovery.

Zscaler’s Price Performance, Valuation & EstimatesZS shares have risen 2.9% year to date, while the Zacks Security industry has surged 82.6%.

Zscaler YTD Price Return Performance
Image Source: Zacks Investment Research

From a valuation standpoint, ZS trades at a forward price-to-sales ratio of 9.27, significantly below the industry’s average of 17.84.

Zscaler Forward 12-Month P/S Ratio
Image Source: Zacks Investment Research

The Zacks Consensus Estimate for Zscaler’s fiscal 2027 and 2028 earnings implies a year-over-year increase of 16.6% and 13.3%, respectively. Estimates for fiscal 2027 and 2028 have been revised upward over the past 30 days.

Image Source: Zacks Investment Research

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

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

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 29. 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 utility is expected to post quarterly earnings of $1.35 per share in its upcoming report, which represents a year-over-year change of +8.9%.

Revenues are expected to be $4.13 billion, up 5.6% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 2.86% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

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

Price, Consensus and EPS Surprise

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

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

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

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

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

How Have the Numbers Shaped Up for Xcel?For Xcel, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +2.96%.

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

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

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

For the last reported quarter, it was expected that Xcel would post earnings of $0.79 per share when it actually produced earnings of $0.93, delivering a surprise of +17.72%.

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

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.

Xcel 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.

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

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 29. 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 freight management company is expected to post quarterly earnings of $1.56 per share in its upcoming report, which represents a year-over-year change of +45.8%.

Revenues are expected to be $2.38 billion, up 12.9% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 2.38% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

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

Price, Consensus and EPS Surprise

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

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

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

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

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

How Have the Numbers Shaped Up for XPO?For XPO, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.67%.

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

So, this combination indicates that XPO 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 XPO would post earnings of $1.49 per share when it actually produced earnings of $1.70, delivering a surprise of +14.09%.

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.

XPO 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.

An Industry Player's Expected ResultsAmong the stocks in the Zacks Transportation - Truck industry, Werner Enterprises (WERN - Free Report) , is soon expected to post earnings of $0.16 per share for the quarter ended September 2026. This estimate indicates a year-over-year change of +633.3%. This quarter's revenue is expected to be $952.82 million, up 23.5% from the year-ago quarter.

The consensus EPS estimate for Werner has been revised 7.9% 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%.

When combined with a Zacks Rank of #4 (Sell), this Earnings ESP makes it difficult to conclusively predict that Werner will beat the consensus EPS estimate. Over the last four quarters, the company surpassed EPS estimates just once.

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

Snap-On (SNA - Free Report) reported $1.18 billion in revenue for the quarter ended September 2026, representing a year-over-year decline of 0.6%. EPS of $4.64 for the same period compares to $4.71 a year ago.

The reported revenue represents a surprise of -3.59% over the Zacks Consensus Estimate of $1.23 billion. With the consensus EPS estimate being $4.91, the EPS surprise was -5.5%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

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

Net Sales- Financial Services Revenue: $98.6 million versus $102.03 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -2.5% change.Net Sales- Intersegment eliminations: $-146.8 million compared to the $-153.73 million average estimate based on three analysts. The reported number represents a change of -0.6% year over year.Net Sales- Repair Systems & Information Group: $454.7 million versus the three-analyst average estimate of $478.61 million. The reported number represents a year-over-year change of -2.2%.Net Sales- Snap-on Tools Group: $471.5 million versus the three-analyst average estimate of $514.35 million. The reported number represents a year-over-year change of -6.8%.Net Sales- Commercial & Industrial Group: $404.3 million versus $390.24 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +10% change.Operating earnings / (losses)- Financial services: $68.3 million compared to the $69.61 million average estimate based on three analysts.Operating earnings / (losses)- Commercial & Industrial Group: $74.7 million versus $63.49 million estimated by two analysts on average.Operating earnings / (losses)- Corporate: $-27.5 million compared to the $-27.92 million average estimate based on two analysts.Operating earnings / (losses)- Snap-on Tools Group: $84.8 million compared to the $109.58 million average estimate based on two analysts.Operating earnings / (losses)- Repair Systems & Information Group: $116.1 million compared to the $121.38 million average estimate based on two analysts.View all Key Company Metrics for Snap-On here>>>

Shares of Snap-On have returned -0.4% over the past month versus the Zacks S&P 500 composite's no change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

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

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 29. 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 farm equipment maker is expected to post quarterly earnings of $0.88 per share in its upcoming report, which represents a year-over-year change of -34.8%.

Revenues are expected to be $2.31 billion, down 6.5% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.17% 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 Agco?For Agco, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.98%.

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

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

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

For the last reported quarter, it was expected that Agco would post earnings of $1.54 per share when it actually produced earnings of $1.43, delivering a surprise of -7.14%.

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.

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

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

Key Takeaways Vicor shares gained 4.5% as Q3 earnings jumped 111.1% and revenues surged 78.5%.
VICR's royalty revenues soared 206.6% to $66.6 million, boosting margins.
Vicor expects Q4 product revenues to grow 10% sequentially, driven by Advanced Products.

Vicor Corporation (VICR - Free Report) shares have gained 4.5% since it reported third-quarter 2026 results on Oct. 20. The uptick can be attributed to strong AI-driven demand and rising recurring royalty revenues, which lifted sales, margins and profitability.

 The company reported third-quarter 2026 earnings of $1.33 per share, missing the Zacks Consensus Estimate by 4.32%. The figure increased 111.1% year over year.

Revenues surged 78.5% year over year to $197.11 million and surpassed the consensus estimate by 5.4%. Strong Advanced Products sales and higher royalty income supported growth. The company’s order backlog increased 166% year over year to $406 million, reflecting robust demand.

VICR's Advanced Products Revenues AccelerateAdvanced Products revenues, including royalties, increased 47.5% sequentially to $138.9 million. The business accounted for 70.4% of total revenues, up from 65.7% in the preceding quarter.

Brick Products revenues increased 18.4% sequentially to $58.3 million and represented 29.6% of total revenues.

Shipments to stocking distributors increased 24.8% sequentially and 16.2% year over year. Exports accounted for approximately 36.1% of revenues, down from 46% in the second quarter of 2026.

Vicor Benefits From Expanding Royalty IncomeProduct revenues totaled $130.5 million, up 47.1% year over year. Royalty revenues surged 206.6% year over year to $66.6 million from $21.7 million. Sequentially, royalty revenues increased 119.1%, supported by licensing agreements.

The company granted its first vertical power delivery (VPD) license to a leading artificial intelligence (AI) original equipment manufacturer at Stage 2-unit royalty rates. Management noted that part of the quarterly royalty contribution reflected initial payments, while the underlying licensing arrangements provide recurring income.

Vicor also received inquiries from hyperscalers regarding broader licensing agreements. Management expects royalty income to grow as additional customers adopt its intellectual property, although the timing of payments and new agreements could create quarterly fluctuations.

VICR's Backlog Reflects Strong Market DemandThe book-to-bill ratio remained above 1, while backlog increased 7% sequentially to $380 million. Management highlighted approximately $100 million in bookings during the first two weeks of the fourth quarter, including a substantial order for second-generation VPD modules.

Demand remained strong across AI computing, automatic test equipment (ATE), industrial, aerospace and defense markets. The company's ATE business, which serves semiconductor and memory testing applications, now generates more than $100 million in annual revenues.

Management highlighted growing customer interest in second-generation VPD technology following demonstrations at Open Compute. The technology aims to address increasing power density and efficiency requirements for advanced AI processors.

Vicor’s Margins Expand Despite Rising ExpensesGross profit increased sequentially to $134.7 million from $83.1 million. Gross margin expanded 1,030 basis points to 68.3%, benefiting from higher royalty revenues, improved product mix, manufacturing efficiencies and increased volumes.

Operating expenses increased 29.6% sequentially to $62.5 million. Legal expenses, a substantial portion of which are linked to royalty revenues, increased approximately $11.1 million to $16.1 million. Management expects legal expenses to average approximately 20% of royalty revenues in the near term.

Operating income surged 245.1% year over year to $72.1 million from $20.9 million in the year-ago quarter.

VICR Strengthens Cash Position and Expands CapacityAs of Sept. 30, 2026, cash and cash equivalents totaled $513.1 million compared with $453.6 million in the previous quarter.

Operating activities generated $69.7 million in cash compared with $34 million in the second quarter.

Vicor acquired two additional manufacturing sites within 30 miles of its existing Andover facility. The planned Fab-2 and Fab-3 facilities could increase manufacturing capacity nearly fivefold relative to Fab-1.

Management expects initial equipment deployment at Fab-2 in the second quarter of 2027. The expansion will initially target capacity-constrained manufacturing processes. The company expects to fund its expansion plans without raising additional capital.

Vicor Expects Further Product Revenue GrowthVicor expects fourth-quarter 2026 product revenues to increase approximately 10% sequentially. The outlook assumes another double-digit sequential increase in Advanced Products hardware revenues.

Management also expects at least $43 million in fourth-quarter royalty revenues, assuming no additional licensing agreements. Existing arrangements could generate incremental royalties beyond this baseline.

The company anticipates further margin expansion as revenues increase and manufacturing utilization improves. However, near-term capacity constraints at Fab-1 remain a consideration as Vicor works to expand production capabilities and meet growing customer demand.

Zacks Rank & Upcoming Earnings to WatchVicor currently sports a Zacks Rank #1 (Strong Buy).

Alkami Technology (ALKT - Free Report) , ASE Technology (ASX - Free Report) , and Entegris (ENTG - Free Report) are some other top-ranked stocks in the broader Zacks Computer and Technology sector. While ASE Technology sports a Zacks Rank #1, Alkami Technology and Entegris carry a Zacks Rank #2 (Buy) each at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

Alkami Technology, ASE Technology and Entegris are expected to report their quarterly results on Oct. 28, Oct. 29 and Oct. 29, respectively. While Shares of ASE Technology and Entegris have surged 163.5% and 75.3%, respectively, Alkami Technology shares have plunged 34.5% in the year-to-date period.

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

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 29. 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 trucking company is expected to post quarterly earnings of $0.29 per share in its upcoming report, which represents a year-over-year change of +141.7%.

Revenues are expected to be $1.58 billion, up 9.1% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

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

Price, Consensus and EPS Surprise

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

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

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

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

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

How Have the Numbers Shaped Up for Schneider National?For Schneider National, 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 +3.58%.

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

So, this combination indicates that Schneider National will most likely beat the consensus EPS estimate.

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

For the last reported quarter, it was expected that Schneider National would post earnings of $0.22 per share when it actually produced earnings of $0.29, delivering a surprise of +31.82%.

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

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

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

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

Expected Results of an Industry PlayerAnother stock from the Zacks Transportation - Services industry, C.H. Robinson Worldwide (CHRW - Free Report) , is soon expected to post earnings of $1.72 per share for the quarter ended September 2026. This estimate indicates a year-over-year change of +22.9%. Revenues for the quarter are expected to be $4.96 billion, up 19.8% from the year-ago quarter.

The consensus EPS estimate for C.H. Robinson has been revised 1.3% higher over the last 30 days to the current level. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -0.58%.

When combined with a Zacks Rank of #2 (Buy), this Earnings ESP makes it difficult to conclusively predict that C.H. Robinson will beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.

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

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

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 29. 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 RNA interference drug developer is expected to post quarterly earnings of $2.19 per share in its upcoming report, which represents a year-over-year change of -24.5%.

Revenues are expected to be $1.45 billion, up 16% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 1.29% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

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

Price, Consensus and EPS Surprise

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

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

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

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

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

How Have the Numbers Shaped Up for Alnylam?For Alnylam, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.84%.

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

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

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

For the last reported quarter, it was expected that Alnylam would post earnings of $2.05 per share when it actually produced earnings of $1.84, delivering a surprise of -10.24%.

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.

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

Expected Results of an Industry PlayerGSK (GSK - Free Report) , another stock in the Zacks Medical - Biomedical and Genetics industry, is expected to report earnings per share of $1.4 for the quarter ended September 2026. This estimate points to a year-over-year change of -5.4%. Revenues for the quarter are expected to be $11.8 billion, up 2.4% from the year-ago quarter.

Over the last 30 days, the consensus EPS estimate for Glaxo has been revised 1.6% up to the current level. Nevertheless, the company now has an Earnings ESP of -4.56%, reflecting a lower Most Accurate Estimate.

This Earnings ESP, combined with its Zacks Rank #4 (Sell), makes it difficult to conclusively predict that Glaxo will beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.

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

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.

Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.

One company value investors might notice is Concentrix (CNXC - Free Report) . CNXC is currently sporting a Zacks Rank #2 (Buy) and an A for Value.

CNXC is also sporting a PEG ratio of 0.65. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. CNXC's industry currently sports an average PEG of 1.52. Over the last 12 months, CNXC's PEG has been as high as 0.71 and as low as 0.44, with a median of 0.57.

Finally, investors should note that CNXC has a P/CF ratio of 4.05. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 10.46. CNXC's P/CF has been as high as 4.50 and as low as 2.60, with a median of 3.31, all within the past year.

These are just a handful of the figures considered in Concentrix's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that CNXC is an impressive value stock right now.

A month has gone by since the last earnings report for Thor Industries (THO - Free Report) . Shares have lost about 8.1% in that time frame, underperforming the S&P 500.

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

THOR Q4 Earnings Miss ExpectationsTHOR posted adjusted earnings of 78 cents per share for the fourth quarter of fiscal 2026, missing the Zacks Consensus Estimate of 93 cents by 16.1%. The bottom line fell 66.9% year over year as North American margins came under pressure from lower volumes, promotions and higher costs.

Quarterly revenues of $2.31 billion topped the Zacks Consensus Estimate of $2.15 billion by 7.4% but declined 8.4% year over year. Global independent dealer inventories fell 11.5% from a year earlier, while European growth partly offset weaker North American results.

Margins Contract as Profitability WeakensGross profit declined 23% year over year to $285.6 million, while gross margin narrowed 230 basis points to 12.4%. Net income attributable to THOR fell 67.5% to $40.8 million.

Selling, general and administrative expenses decreased to $206.4 million from $237.9 million. Adjusted EBITDA dropped 37.1% to $131.7 million. Management said THOR absorbed a meaningful portion of supplier cost increases to protect retail affordability rather than pass the full burden to dealers and customers.

Towable Sales Slide Amid Dealer CautionNorth American Towable net sales fell 22.7% year over year to $687.3 million as unit shipments declined 19.7% to 20,616. Fifth-wheel unit shipments dropped 34.7%.

Gross profit decreased 38.9% to $72.4 million, while gross margin contracted 280 basis points to 10.5% on lower sales, unfavorable mix, promotions and higher material costs. Pretax income fell 77.2% to $17 million. Backlog rose 74.6% to $916.6 million, while dealer inventory fell 16% to 53,330 units and declined 20.6% sequentially.

Motorized Segment Faces Sharper Margin PressureNorth American Motorized net sales declined 10.4% to $499.3 million as unit shipments fell 13.1% to 3,806. A 2.7% increase in overall net price per unit partly offset lower volumes. Class C unit shipments declined 19.1% in the quarter.

Gross margin dropped 600 basis points to 5.3% as material, overhead and warranty cost percentages increased. The segment posted a pretax loss of $5.2 million, while backlog decreased 27.5% to $728.2 million and dealer inventory increased 9.2% to 10,639 units.

THOR Europe Delivers Resilient Top-Line GrowthEuropean RV net sales increased 5% year over year to $969.2 million, supported by a 3.9% rise in unit shipments to 13,370 and a 1.1% increase in overall net price per unit. Favorable currency movements contributed 0.1% to the pricing increase. Sales also benefited from lower promotional activity and a shift toward higher-priced motorized products.

Gross profit rose 3.3% to $148.7 million, while gross margin edged down 30 basis points to 15.3%. Pretax income increased 5.9% to $55 million. European backlog grew 8.4% to $1.65 billion, while dealer inventory declined 7.7% to 20,520 units.

Liquidity Supports Capital DeploymentTHOR ended fiscal 2026 with $482 million in cash and cash equivalents and total liquidity of $1.30 billion. Gross debt stood at $875.8 million, while cash from operations for the full fiscal year totaled $321.2 million, down from $577.9 million a year earlier.

During fiscal 2026, THO reduced debt by $59.7 million and repurchased $115.1 million of shares, including $34.3 million in the fourth quarter. Capital expenditures totaled $152.4 million, while the regular quarterly dividend stood at 52 cents per share. The remaining repurchase authorization was $264.2 million as of July 31.

THOR Defers Fiscal 2027 Guidance as Cost Actions AdvanceManagement expects the fiscal 2027 retail environment to remain relatively flat with fiscal 2026 and held off on issuing annual guidance until it gathers feedback from key September industry events. The company expects current Towable pressures to persist to some degree into the first half of fiscal 2027 and plans to provide full-year guidance later this calendar year.

THOR expects strategic initiatives and restructuring activities to improve its annual earnings profile by more than $100 million once fully implemented. The company has unified its North American RV operations under one group to expand purchasing leverage, standardize operations, align brands and integrate data systems.

How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a downward trend in fresh estimates.

The consensus estimate has shifted -62.15% due to these changes.

VGM ScoresCurrently, Thor Industries has a average Growth Score of C, though it is lagging a lot on the Momentum Score front with an F. However, the stock was allocated a grade of A on the value side, putting it in the top 20% for value investors.

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

OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. It's no surprise Thor Industries has a Zacks Rank #4 (Sell). We expect a below average return from the stock in the next few months.

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

The earnings report, which is expected to be released on October 29, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

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

Zacks Consensus EstimateThis maker of medical products for respiratory disorders is expected to post quarterly earnings of $2.67 per share in its upcoming report, which represents a year-over-year change of +4.7%.

Revenues are expected to be $1.39 billion, up 4% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.83% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

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

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. 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 ResMed?For ResMed, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.60%.

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

So, this combination makes it difficult to conclusively predict that ResMed 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 ResMed would post earnings of $2.9 per share when it actually produced earnings of $2.95, delivering a surprise of +1.72%.

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.

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

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

, /PRNewswire/ -- Leidos (NYSE: LDOS) will deploy artificial intelligence automation to streamline and accelerate the Pentagon asset management system that more than 50 agencies use to manage over 80 million items of government property valued at more than $140 billion.

Under a new, $95 million five-year contract from the Defense Logistics Agency, Leidos will extend its two decades of support for the Enterprise Logistics Management System (ELMS). Improving that system's performance is expected to have direct benefits for military readiness.

The big picture: ELMS helps the Department of War manage and account for assets throughout their lifecycle, supporting the logistics enterprise that keeps warfighters equipped and ready. Through this award, Leidos is advancing its NorthStar 2030 strategy by bringing mission-ready defense technology to a critical logistics system.

What Leidos will do: Leidos will apply AI-driven automation, cloud, and modern software development practices to accelerate software delivery, streamline processes, and support secure, reliable ELMS operations.

By the numbers:

$95 million: Total potential contract value 5 years: Base year plus four option years, through August 2031 21+ years: Leidos' support to ELMS and its predecessor, the Defense Property Accountability System Expert perspective: "Logistics wins wars and accurate, reliable asset visibility is a cornerstone of military readiness," said Jason McCarthy, Leidos senior vice president, Airborne & Mission Solutions. "This is Leidos defense tech in action, applying modern tools to help DLA strengthen the digital backbone of defense logistics."

About Leidos

Leidos is an industry and technology leader serving government and commercial customers with smarter, more efficient digital and mission innovations. Headquartered in Reston, Virginia, with approximately 50,000 global employees, Leidos reported annual revenues of approximately $17.2 billion for the fiscal year ended January 2, 2026. For more information, visit www.leidos.com.

Certain statements in this announcement constitute "forward-looking statements" within the meaning of the rules and regulations of the U.S. Securities and Exchange Commission (SEC). These statements are based on management's current beliefs and expectations and are subject to significant risks and uncertainties. These statements are not guarantees of future results or occurrences. A number of factors could cause our actual results, performance, achievements, or industry results to be different from the results, performance, or achievements expressed or implied by such forward-looking statements. These factors include, but are not limited to, the "Risk Factors" set forth in Leidos' Annual Report on Form 10-K for the fiscal year ended January 2, 2026, and other such filings that Leidos makes with the SEC from time to time. Readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. Leidos does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements were made.

Media contact:

Philip Carder
(571) 926-6698
[email protected] 

SOURCE Leidos Holdings, Inc.

Company targets expansion from approximately 9,700 to 20,000 miners, supported by self-generated power strategy targeting a 75% lower electricity rate

CONROE, TX / ACCESS Newswire / October 22, 2026 / Olenox Industries Inc. (NASDAQ:OLOX) ("Olenox" or the "Company"), an integrated energy and infrastructure company, today outlined the next planned phase of its gas-to-power-to-compute strategy: establishing lower-cost electricity, potentially relocating existing Bitcoin miners to that power supply and looking at opportunities to expand its mining fleet.

Olenox is targeting an expansion from approximately 9,700 to 20,000 miners -- more than doubling its fleet -- supported by its strategy to develop lower-cost, self-generated power. Expansion remains subject to its ability to raise substantial financing, power availability, equipment procurement and project execution.

Building on its recent acquisitions, Olenox is evaluating its Wildboy natural-gas platform in British Columbia and its Pecos-area energy platform in Texas as potential locations for self-generated power and mining deployments. If feasible, the plan would connect the Company's expanding energy platform with its established mining business, creating a path to capture more value from both.

Olenox is targeting an electricity rate of approximately $0.015 per kilowatt-hour ("kWh"), compared with approximately $0.06 per kWh under its current operating arrangements. If achieved on a comparable, all-in delivered-cost basis, the target would represent a 75% reduction in the electricity rate -- a potential operating advantage the Company intends to pursue across its existing fleet and future deployments.

"Our strategy has been to bring energy resources, power generation and computing together within Olenox. This plan outlines how we intend to put those capabilities to work," said Mike McLaren, Chairman and Chief Executive Officer of Olenox. "Our first priority is to establish lower-cost power, then potentially relocate existing miners to that power supply and look to build on that foundation to expand the fleet. That connection between our energy business and our computing operations is central to the long-term value we are working to create."

The Company's plan is structured in three phases. The first focuses on establishing access to lower-cost, self-generated electricity through Olenox's energy platforms. The Company is evaluating generation equipment, fuel supply, infrastructure requirements and site readiness to determine the most attractive deployment locations and validate the complete cost of delivering power to its mining operations.

The second phase involves possibly relocating eligible mining equipment currently operating in Texas to sites supplied by that lower-cost power. The objective is to apply the targeted power-cost advantage to Olenox's existing fleet, strengthening the operating foundation for future growth. Relocation decisions will depend on power availability, infrastructure readiness, relocation expenses and overall operating economics.

The third phase focuses on expanding the fleet toward 20,000 miners, building on the power infrastructure established in the earlier phases. The Company intends to deploy additional machines where Company-controlled energy resources can support competitive operating costs.

The Company's ability to execute on any of the three phases is contingent upon a variety of factors, including, but not limited to, raising substantial funds, determining power availability, the ability to purchase the necessary equipment, and successfully implementing each step necessary to achieve the desired result.

Generating electricity at or near the mining site, commonly referred to as "behind-the-meter" generation, could reduce exposure to certain grid-related charges and provide greater control over power supply. For Olenox, the approach would also create an additional use for its natural-gas resources, connecting energy production directly with computing demand.

The contemplated mining power capacity is not being represented as currently operational or available. In order to generate the contemplated mining power capacity, the Company needs to add and deploy enough generators to increase total capacity to 75 MW. There is no guarantee the Company will be able to achieve any or all of these prerequisites. The $0.015-per-kWh electricity rate and 20,000-machine fleet are targets, not achieved operating results. The targeted 75% reduction applies to the electricity rate and does not represent a corresponding increase in profitability. Actual economics will depend on fuel costs, generation efficiency, equipment and infrastructure investment, maintenance, relocation expenses, uptime and other operating requirements.

About Olenox Industries Inc.

Olenox Industries Inc. (NASDAQ:OLOX) is an integrated energy and infrastructure company focused on acquiring, developing and operating assets across the oil and natural gas, energy services, power generation, modular infrastructure and digital-compute sectors. Through its subsidiaries, Olenox is building a vertically integrated platform designed to connect energy resources with power-intensive infrastructure while delivering engineered and modular solutions across industrial markets.

Forward-Looking Statements

Certain statements contained in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend," "potential" or similar expressions generally identify forward-looking statements.

These forward-looking statements include, without limitation, statements concerning the implementation and sequencing of the Company's three-phase strategy; targeted electricity rates and potential cost reductions; the relocation of mining equipment; expansion toward a fleet of 20,000 miners; the development and availability of behind-the-meter power generation; the anticipated benefits and integration of acquired assets; the development of gas-powered digital infrastructure; and the Company's future business, operations and financial performance.

Forward-looking statements are based on current estimates, expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. These risks include, among others, volatility in Bitcoin prices and network difficulty; changes in mining economics; the availability, cost and reliability of natural gas and electrical power; generation efficiency; equipment performance and fleet utilization; infrastructure and relocation costs; permitting and construction requirements; the availability and terms of financing; the Company's ability to integrate acquired assets and execute its growth strategy; regulatory developments; the Company's ability to maintain compliance with Nasdaq listing requirements; and other risks described in the Company's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent reports filed with the SEC.

Readers are cautioned not to place undue reliance on forward-looking statements. The information in this release is provided only as of its date, and Olenox undertakes no obligation to update any forward-looking statement except as required by law.

Contacts

Investor Relations
[email protected]

Media Contact
Rona Menashe
Guttman Associates PR & Marketing
[email protected]

SOURCE: Olenox Industries Inc.