Track market-moving stories before they get noisy

Key Takeaways Wynn Resorts' Q2 revenues are projected at $1.84 billion, up 5.9% year over year.Las Vegas strength and premium Macau demand may support gaming, hotel and non-gaming revenues.Higher labor, staffing, renovation and pre-opening costs are likely to weigh on profitability. Wynn Resorts, Limited (WYNN - Free Report) is scheduled to report second-quarter 2026 results on Aug. 4, after the closing bell.

WYNN’s earnings topped the Zacks Consensus Estimate in one of the trailing four quarters, and missed on the remaining three occasions, with an average surprise being negative 9.1%.

Trend in the Estimate Revision of WYNNThe Zacks Consensus Estimate for adjusted earnings per share (EPS) has decreased to $1.01 from $1.08 over the past 30 days. The estimated figure indicates a 7.3% decline from the year-ago EPS of $1.09.

For revenues, the consensus mark is pegged at nearly $1.84 billion, implying a rise of 5.9% from the prior-year quarter’s figure.

Let's look at how things might have shaped up in the quarter.

Factors Likely to Shape Wynn Resorts’ Q2 ResultsWynn Resorts’ second-quarter performance is likely to have benefited from continued strength in Las Vegas, supported by healthy gaming volumes, solid hotel demand and customer spending. Management noted that favorable casino and hotel trends carried into the second quarter, with gaming activity and room rates running above the prior-year levels. The successful openings of Zero Bond and Sartiano's Italian Steakhouse, along with continued premium positioning and the Encore Tower renovation, are likely to have supported visitation, hotel demand and spending during the quarter.

Macau operations are expected to have remained a key growth driver in the to-be-reported quarter. Management highlighted strong mass-market gaming activity and sustained demand from premium customers entering the quarter. Continued momentum at Wynn Palace, supported by high occupancy and the expanded Chairman’s Club, is likely to have aided gaming and non-gaming revenues.

The Gourmet Pavilion at Wynn Palace and ongoing room refurbishments at Wynn Macau are also expected to have supported visitation and customer engagement. The company’s enhanced loyalty program, luxury amenities and “Only at Wynn” offerings are likely to have helped maintain its competitive position in Macau. Encore Boston Harbor is likely to have generated relatively stable revenues, supported by gaming volumes running ahead of the prior-year period at the beginning of the quarter. Continued efforts to expand the property’s customer database beyond its immediate market may also have aided performance.

Our model predicts revenues from Las Vegas to rise 5.3% year over year to $672.5 million and Macau operations to decline 1.1% year over year to $339.9 million in the quarter under review. We expect Encore Boston Harbor’s second-quarter revenues to rise 1.8% year over year to $219.6 million.

Wynn Resorts’ earnings are likely to have declined due to elevated labor costs, increased staffing expenses for new venues and higher spending on property enhancements. Wage pressure at Encore Boston Harbor, cost-of-living adjustments in Macau and pre-opening expenses related to Wynn Al Marjan Island may also have weighed on profitability. Fluctuations in VIP gaming hold could have created additional margin volatility.

Nonetheless, operating leverage from stronger business volumes in Las Vegas and Macau, healthy premium demand, higher hotel rates and disciplined cost management may have partly offset these pressures. Our model predicts second-quarter total operating expenses to increase 8.1% year over year to $1.59 billion.

What Our Model Says About WYNN StockOur proven model does not conclusively predict an earnings beat for Wynn Resorts this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. Unfortunately, this is not the case here, as you will see below.

WYNN’s Earnings ESP: Wynn Resorts has an Earnings ESP of +1.49%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Wynn Resorts’ Zacks Rank: The company has a Zacks Rank #5 (Strong Sell) at present.

Stocks Poised to Beat on EarningsHere are some stocks from the Zacks Consumer Discretionary sector that investors may consider, as our model shows that these have the right combination of elements to post an earnings beat.

Marriott Vacations Worldwide Corporation (VAC - Free Report) currently has an Earnings ESP of +5.26% and a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here.

Marriott Vacations earnings for the to-be-reported quarter are expected to increase 1%. VAC reported better-than-expected earnings in three of the trailing four quarters and missed on one occasion, the average surprise being 0.7%.

Expedia Group, Inc. (EXPE - Free Report) currently has an Earnings ESP of +2.52% and a Zacks Rank of 3.

In the to-be-reported quarter, Expedia’s earnings are expected to surge 28.5%. Expedia’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 13.9%.

Marriott International, Inc. (MAR - Free Report) currently has an Earnings ESP of +1.88% and a Zacks Rank of 3.

MAR’s earnings for the to-be-reported quarter are expected to increase 15.5%. Marriott reported better-than-expected earnings in the trailing three out of four quarters and missed once, the average surprise being 1.5%.

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

The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

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

Zacks Consensus EstimateThis company is expected to post quarterly earnings of $5.24 per share in its upcoming report, which represents a year-over-year change of +1.4%.

Revenues are expected to be $95.3 billion, up 3% 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. 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 Berkshire Hathaway B?For Berkshire Hathaway B, 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 -5.53%.

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

So, this combination makes it difficult to conclusively predict that Berkshire Hathaway B 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 Berkshire Hathaway B would post earnings of $4.82 per share when it actually produced earnings of $5.25, delivering a surprise of +8.92%.

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.

Berkshire Hathaway B 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 PlayerUnited Fire Group (UFCS - Free Report) , another stock in the Zacks Insurance - Property and Casualty industry, is expected to report earnings per share of $0.7 for the quarter ended June 2026. This estimate points to a year-over-year change of -22.2%. Revenues for the quarter are expected to be $375.43 million, up 11.9% from the year-ago quarter.

Over the last 30 days, the consensus EPS estimate for United Fire has remained unchanged. Nevertheless, the company now has an Earnings ESP of -3.60%, reflecting a lower Most Accurate Estimate.

When combined with a Zacks Rank of #3 (Hold), this Earnings ESP makes it difficult to conclusively predict that United Fire 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.

Key Takeaways International Flavors is expected to report Q2 sales of $2.68 billion and EPS of $1.14, both down y/y.IFF's volume growth and productivity efforts may support results despite higher raw material costs.IFF expects growth in Taste, Scent and Health & Biosciences, while Food Ingredients may decline. International Flavors & Fragrances Inc. (IFF - Free Report) is scheduled to report second-quarter 2026 results on Aug. 4, after the closing bell.

The Zacks Consensus Estimate for sales is pegged at $2.68 billion, indicating a 2.9% dip from the year-ago reported figure.

The Zacks Consensus Estimate for earnings is pegged at $1.14 per share, which has been moved down in the past 60 days. The estimate indicates a year-over-year decline of 0.9%.

Image Source: Zacks Investment Research

IFF’s Earnings Surprise HistoryInternational Flavors’ earnings beat the Zacks Consensus Estimates in three of the trailing four quarters and missed in one, the average beat being 4.1%.

Image Source: Zacks Investment Research

What the Zacks Model Unveils for International FlavorsOur model predicts an earnings beat for IFF this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is precisely the case here.

Earnings ESP: IFF has an Earnings ESP of +0.73%. You can uncover the best stocks before they are reported with our Earnings ESP Filter.

Zacks Rank: The company currently carries a Zacks Rank of 3.

Factors Likely to Have Shaped IFF’s Q2 PerformanceThe company has been witnessing volume growth, with broad-based contributions across each of its businesses. IFF’s ongoing efforts to improve productivity and reduce costs are likely to have benefited its margins.

However, International Flavors has been incurring high raw material costs and additional costs related to labor, shipping and cleaning. Despite its pricing actions and focused cost-reduction efforts, these factors are likely to have dented margins in the to-be-reported quarter.

Projections for International Flavors’ Segments in Q2Our model estimates the Taste segment’s second-quarter sales to rise 2.6% year over year to $647 million. The segment’s adjusted operating EBITDA is projected to be $127 million, indicating growth of 1.7% from the year-ago quarter’s reported numbers.

Our model estimates the Food Ingredient segment’s second-quarter sales to dip 5.4% year over year to $804 million. The segment’s adjusted operating EBITDA is estimated to be $126 million, indicating an increase of 1.6% from the year-ago reported figure.

We expect the Scent segment’s sales to increase 3.5% year over year to $624 million. The ongoing momentum in Consumer Fragrance, as well as improvement in Fragrance Ingredients and Fine Fragrance, is likely to have aided its performance. However, the gains might have been partially negated by higher costs. Our estimate for the segment’s quarterly operating EBITDA is $131 million, indicating a year-over-year rise of 0.4%.

The Health & Biosciences segment’s sales are projected to be $601 million, indicating a 4.3% increase from the year-ago quarter’s reported figure. We expect operating EBITDA to increase 2.1% to $154 million.

IFF Stock’s Price PerformanceIn the past year, International Flavors shares have gained 13.4% compared with the industry’s 6.9% growth.

Image Source: Zacks Investment Research

Other Stocks to ConsiderHere are some Basic Materials stocks, which, according to our model, also have the right combination of elements to post an earnings beat in their upcoming releases.

The Chemours Company (CC - Free Report) , scheduled to release second-quarter 2026 earnings on Aug. 4, has an Earnings ESP of +27.17% and currently sports a Zacks Rank of 1. You can see the complete list of today’s Zacks #1 Rank stocks here.

Chemours’ quarterly earnings are pegged at 43 cents per share, indicating a year-over-year dip of 25%. The company delivered a trailing four-quarter average earnings surprise of 69%.

Avient Corporation (AVNT - Free Report) , scheduled to release second-quarter 2026 earnings on Aug. 6, has an Earnings ESP of +0.87% and a Zacks Rank of 2 at present.

The Zacks Consensus Estimate for earnings for Avient for the second quarter of 2026 is 89 cents per share, indicating an 11.2% year-over-year increase. Avient has a trailing four-quarter average earnings surprise of 2.1%.

Wheaton Precious Metals Corp. (WPM - Free Report) , slated to release second-quarter 2026 earnings on Aug. 6, currently has an Earnings ESP of +3.20% and a Zacks Rank of 3.

Wheaton Precious Metals’ quarterly earnings are pegged at $1.13 per share, indicating a year-over-year jump of 79%. The company delivered a trailing four-quarter average earnings surprise of 14%.

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Leonardo's new CEO told CNBC he expects to pursue further acquisitions to support the company's long-term growth, as Europe's defense spending boom gathers pace.

"The ramping gap in how we fulfil the demand is really the key element to deliver to our customers what they need… both for our European arm and for the U.S. arm," Lorenzo Mariani told CNBC's Carolin Roth in Rome, pointing to M&A, including over the past few days, as an area of opportunity.

Europe's defense industry is scrambling to meet soaring demand for new military equipment, amid Russia's full-scale invasion of Ukraine and increased NATO spending targets.

Alongside investment in factories and hiring, contractors are using acquisitions to add technologies, secure supply chains and expand industrial capabilities more quickly.

"What really matters today is accelerating all our processes," Mariani said.

Defense dealmakingMariani said the company would continue pursuing acquisitions and strategic partnerships to support long-term growth. His comments come as Leonardo has broadened its defense portfolio through acquisitions in land systems, cybersecurity and AI-enabled mission software.

It completed a 1.6-billion-euro ($1.8 billion) acquisition of Iveco Defence Vehicles in March. Its U.S. subsidiary Leonardo DRS this week agreed to buy software company Raft for $450 million to expand its AI and mission software capabilities.

Earlier this year, the group also agreed to acquire British cybersecurity company Becrypt. 

More defense news‘Project Firepower’: Inside Rheinmetall’s gunpowder expansion as Europe races to replenish its ammunitionEurope’s defense boom faces a new test: Can it actually deliver weapons?Ukraine’s drone playbook is wreaking havoc in Russia — and upending where NATO wants to investTank maker KNDS postpones IPO amid market struggles for defenseDefense stocks plummet on reports Germany is scrapping warships; Rheinmetall stock down 18%Why Europe is suddenly betting big on dronesLeonardo's Italian peer Fincantieri recently unveiled what CEO Pierroberto Folgiero described to CNBC as the company's "second M&A wave," announcing major stakes in four underwater technology companies as part of plans to build an international leader in the rapidly expanding underwater defense sector.

Meanwhile, German defense electronics maker Hensoldt this year acquired Dutch optronics specialist Nedinsco to secure supply chains and expand production capacity.

Record order backlogLike most of its peers, Leonardo reported a record order backlog in its earnings on Thursday, rising 30% year-on-year to 59 billion euros by the quarter ended June.

The partly Italian state-owned company hiked its full-year guidance after reporting a 45% rise in new orders in the first six months of the year. It now sees earnings before interest, tax, and amortization of 2.21 billion euros, up from 2.03 billion euros previously.

Leonardo is in a perfect position to benefit from increased European defense spending due to its multi-domain approach and differentiated offering, Mariani told CNBC. 

Defense stocks have been under pressure this year after a years-long boom following Russia's full-scale invasion of Ukraine. 

Defense stocks' performance over the past 12 months.

As government spending translated to soaring order books for defense companies, some investors now question whether valuations have run ahead of the industry's ability to ramp up production.

Leonardo shares are up about 11% year-to-date, similar to the gains of the pan-European blue-chip index Stoxx 600.

In its earnings, Leonardo said it now sees full-year new orders at 28.2 billion euros, up from 25 billion euros previously. 

Leonardo is leaning heavily into defense technologies as wars in Ukraine and Iran exemplify how modern war has changed, with an increasing emphasis on unmanned systems and AI-powered weapons.

Shares of Itron (ITRI -1.04%) jumped as much as 18.7% this week, according to data from S&P Global Market Intelligence. The global utility technology provider posted strong second-quarter earnings and raised its full-year guidance, sending the stock higher.

As of 10:44 AM EST on Friday, July 31, shares of Itron are up 17.4%. Here's why, and whether now is a good time to buy the stock.

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Raised full-year guidance Itron makes utility meters and grid intelligence technology to help manage the electric grid. It helps meters manage electricity demand volatility, a growing need amid the current artificial intelligence (AI) boom.

This quarter, Itron posted non-GAAP earnings per share (EPS) of $1.59, well above analyst expectations of $1.29, and raised its full-year earnings guidance. Management commentary indicates there is significant demand for Itron's products and services for electric grid stability as the AI infrastructure build-out continues.

Image source: Getty Images.

Should you buy Itron stock? After this week's pop, Itron trades at just below $100. Its full-year EPS guidance is for $6.40 at the midpoint, or a forward price-to-earnings ratio (P/E) a touch above 15. For anyone who believes the AI revolution will be a tailwind for Itron, this does not look like an overly expensive stock to buy right now.

Brett Schafer has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Itron. The Motley Fool has a disclosure policy.

Key Takeaways Resmed's Q4 revenues are projected to rise 8.4% to $1.46 billion, with EPS increasing 13.7% to $2.90. Strong mask demand, AirSense availability and NightOwl adoption may support Resmed's quarterly growth. Resmed may gain from VirtuOx and Noctrix, while MEDIFOX helps offset pressure in senior living software. Resmed (RMD - Free Report) is set to release fourth-quarter fiscal 2026 results on Aug. 6, after the closing bell. 

The renowned sleep health device maker posted adjusted earnings per share (EPS) of $2.86 in the last reported quarter, surpassing the Zacks Consensus Estimate by 2.51%. The company topped earnings estimates in each of the trailing four quarters, the average surprise being 3.26%.

RMD’s Q4 EstimatesThe Zacks Consensus Estimate for revenues is pegged at $1.46 billion, indicating an increase of 8.4% from the year-ago reported figure.

The Zacks Consensus Estimate for EPS suggests a 13.7% rise to $2.90.

Estimate Revision Trend Ahead of RMD’s Q4 EarningsEstimates for earnings have remained stable over the past 60 days.

Here’s a brief review of the company’s performance leading up to the announcement.

Factors Likely to Influence RMD’s Q4 ResultsSleep and Breathing Health

Within this segment, Resmed is likely to have benefited from strong demand for its mask portfolio across the United States, Canada and Latin America. Growth might have also accelerated in Europe, Asia and the rest of the world region. Mask and other sales are expected to have witnessed continued growth in resupply and new patient setups, while the VirtuOx acquisition must have contributed to incremental revenues. The company is strategically expanding its mask portfolio with product innovations like AirTouch N30i, F30i Comfort and F30iClear, among others, which should have supported revenues in the fiscal fourth quarter. 

Device sales numbers are likely to reflect the ongoing combined availability of Resmed’s AirSense 10 and AirSense 11 sleep devices, supporting underlying global demand. The company is also expected to have introduced AirSense 11 to additional countries following regulatory clearances. Resmed’s use of ML, AI and generative AI technology in its digital health products might have positively impacted its overall top line. The company must have also gained from the widespread U.S. adoption of NightOwl, its fingertip-sized home sleep apnea test.

In June, Resmed completed its acquisition of Noctrix Health, Inc., a medical device company developing clinically validated wearable therapeutics for chronic neurological disorders. The acquisition expands Resmed’s clinical sleep health portfolio for the treatment of Restless Legs Syndrome (RLS). We expect this acquisition to have had a positive impact on the quarterly top line. 

The Zacks Consensus Estimate for Sleep and Breathing Health revenues implies an 8.8% increase.

Residential Care Software

The division, which provides business management software-as-a-service to out-of-hospital health providers, remains a key strategic enabler of the core Sleep and Breathing Health business. Resmed is likely to have executed its RCS portfolio management strategy, channeling more investment into the high-growth, higher-margin parts of the portfolio while reducing exposure to lower-growth, lower-margin areas, such as the services businesses.

The fiscal fourth-quarter performance might have been affected by a challenging growth environment for the senior living and long-term care vertical. This must have been offset by strong performance from the MEDIFOX platform. 

The Zacks Consensus Estimate for this segment’s revenues indicates a rise of 6.1%.

What Our Model Unveils for RMDPer our proven model, a stock with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold), along with a positive Earnings ESP, has a higher chance of beating estimates, which is not the case here, as you can see below.

Earnings ESP: Resmed has an Earnings ESP of -1.39%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: The company currently carries a Zacks Rank #3.  You can see the complete list of today’s Zacks #1 Rank stocks here.

Key MedTech PicksHere are some other medical stocks worth considering, as these have the right combination of elements to post an earnings beat this time around.

Hinge Health Inc. (HNGE - Free Report) has an Earnings ESP of +4.24% and a Zacks Rank #1 at present. The company is expected to release second-quarter 2026 results soon.

In the trailing four quarters, HINGE delivered an average earnings surprise of 179.54%. The Zacks Consensus Estimate for second-quarter EPS implies a decrease of 11.9% from the year-ago reported figure.

Neurocrine Biosciences (NBIX - Free Report) has an Earnings ESP of +40.60% and a Zacks Rank #1 at present. The company is expected to release second-quarter 2026 results soon.

NBIX’s earnings surpassed estimates in three of the trailing four quarters and missed in one, the average surprise being 9.08%. The Zacks Consensus Estimate for the company’s second-quarter EPS calls for an increase of 112.3% from the year-ago quarter’s figure.

West Pharmaceutical Services (WST - Free Report) has an Earnings ESP of +1.09% and a Zacks Rank #2 at present. The company is slated to release second-quarter 2026 results on July 23. 

WST’s earnings beat estimates in each of the trailing four quarters, the average surprise being 19.37%. The Zacks Consensus Estimate for WST’s second-quarter EPS implies a rise of 13% from the year-ago reported figure.

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SummaryVertiv is upgraded to 'Buy' as earnings estimates rise despite a recent stock pullback.Q1 results showed strong EPS and margin growth, with a 51% YoY adjusted operating profit increase and a 22.6% margin.Management raised the FY 2026 outlook across all key metrics, projecting $14 billion in net sales and $6.70 EPS.VRT trades at a compelling growth-adjusted valuation, with technicals signaling potential recovery from oversold conditions. onurdongel/iStock via Getty Images

July was not a kind month to the AI trade. Throw a dart at Industrial-Tech names linked to the data center buildout and semiconductor themes, and chances are that you’ll land on red. That goes for shares of Vertiv (

9.51K Followers

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

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

Key Takeaways Blackbaud's AI agents target deeper customer penetration across fundraising and operational workflows.About 90% of contractual recurring revenue is tied to agreements lasting at least three years.Payments rose to $98.9 million, while five AI products are not expected to materially lift 2026 revenue. Blackbaud, Inc. (BLKB - Free Report) combines subscription software, payments and purpose-built workflows for nonprofit, education and social impact customers. That gives the company a large recurring base before its newer artificial intelligence products scale.

The investor question is whether multi-year contracts, embedded payments and cross-selling can move Blackbaud beyond modest near-term revenue growth as AI agents broaden the platform.

Blackbaud's Recurring Base Anchors VisibilityRecurring revenue increased 3.3% to $285.3 million in the second quarter and represented 98.2% of total revenue. That mix gives Blackbaud more visibility than a model that depends heavily on implementation work or other services.

Contractual recurring revenue comes from subscription and maintenance arrangements. Transactional recurring revenue is tied to activity such as payment processing and tuition management, so it can fluctuate more from period to period.

BLKB's Contract Terms Extend Revenue DurabilityBlackbaud’s contract base also supports revenue durability. Approximately 90% of contractual recurring revenue is tied to agreements lasting at least three years, while 25% is linked to terms of four years or longer.

That structure is reflected in deferred revenue of $406.4 million and roughly $1.6 billion of remaining performance obligations. These figures do not remove renewal risk, but they show a meaningful amount of contracted business already lined up for future periods.

Blackbaud's Payments Add Transactional GrowthTransactional recurring revenue increased $2.8 million to $98.9 million in the second quarter. Higher Blackbaud Integrated Payments and Tuition Management volumes added a growth channel alongside the company’s subscription base.

Payments also deepen Blackbaud’s position inside customer workflows because donation, tuition and related transactions connect directly to its software systems. Still, transaction volumes can vary between periods, making this revenue stream less predictable than contractual recurring revenue.

BLKB's AI Pipeline Expands Cross-Sell PotentialBlackbaud’s Development Agent has moved into production, adding supervised donor outreach to its product set. Early engagement results give management a basis to expand the use case across fundraising workflows.

The roadmap includes four additional agents focused on data health, admissions, digital marketing and accounts payable. Management does not expect the five AI products to contribute materially to 2026 revenue, so the near-term case rests more on adoption signals and cross-sell potential than on immediate financial impact.

Salesforce, Inc. (CRM - Free Report) provides a useful comparison because nonprofit organizations often evaluate broad customer relationship management platforms alongside purpose-built fundraising software. Paycom Software, Inc. (PAYC - Free Report) is another relevant software name for investors watching how automated workflows can support recurring application revenue.

BLKB's Neutral Signals Frame the OutlookThe bottom line is that Blackbaud has the ingredients for steadier growth, but the timing remains measured. Recurring revenue visibility, long-term contracts and payment volume growth support the model, while modest revenue expansion and renewal pressure keep the outlook balanced.

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

BLKB has a VGM Score of A. The VGM Score combines value, growth and momentum characteristics, and an A is favorable within the Zacks Style Scores framework.

For investors, the AI pipeline is best viewed as an option on deeper customer penetration. Blackbaud still needs to convert product activity into renewal strength, cross-selling and sustained revenue acceleration before the story moves beyond visibility to faster growth.

Dominion Energy (D - Free Report) came out with quarterly earnings of $0.79 per share, beating the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $0.75 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +8.22%. A quarter ago, it was expected that this energy company would post earnings of $0.89 per share when it actually produced earnings of $0.95, delivering a surprise of +6.74%.

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

Dominion Energy, which belongs to the Zacks Utility - Electric Power industry, posted revenues of $4.48 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 10.33%. This compares to year-ago revenues of $3.81 billion. The company has topped consensus revenue estimates four times over the last four quarters.

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

Dominion Energy shares have added about 19% since the beginning of the year versus the S&P 500's gain of 8.7%.

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

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

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

Ahead of this earnings release, the estimate revisions trend for Dominion Energy was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.19 on $4.95 billion in revenues for the coming quarter and $3.57 on $18.3 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Utility - Electric Power is currently in the bottom 32% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, Otter Tail (OTTR - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on August 3.

This power company and manufacturer is expected to post quarterly earnings of $1.48 per share in its upcoming report, which represents a year-over-year change of -20%. The consensus EPS estimate for the quarter has been revised 8.9% lower over the last 30 days to the current level.

Otter Tail's revenues are expected to be $334.5 million, up 0.4% from the year-ago quarter.

Key Takeaways Cousins Properties beat Q2 FFO estimates as rental revenues and same-property NOI increased.CUZ executed 924,000 square feet of leases, with occupancy and leasing levels reaching multi-year highs.Cousins Properties raised the low end of 2026 FFO guidance following stronger leasing and transactions. Cousins Properties Inc. (CUZ - Free Report) reported second-quarter 2026 funds from operations (FFO) of 75 cents per share, beating the Zacks Consensus Estimate of 74 cents. The metric rose 7.1% from the year-ago quarter.

The results reflected strong leasing momentum, higher rental revenues and solid same-property NOI growth. Cash-basis same-property NOI advanced 5.9%, while the office portfolio ended the quarter 92.8% leased.

Rental property revenues increased 11.8% year over year to $265.7 million and surpassed the consensus mark of $263.6 million.

CUZ's Leasing Activity Supports GrowthCousins executed 924,000 square feet of office leases during the quarter. New and expansion leases accounted for 395,000 square feet, or 43% of total leasing activity.

Pricing remained favorable. Cash-basis second-generation net rent per square foot increased 9.2%, while straight-line second-generation net rent rose 26.8%. Weighted average office occupancy improved to 89.4% from 88.9% in the prior quarter.

Period-end leased space reached its highest level since the first quarter of 2020. Management also highlighted a robust late-stage leasing pipeline as trophy office fundamentals in its Sun Belt markets tightened.

Cousins' Revenue Base ExpandsTotal revenues were $268.5 million, up from $240.1 million a year earlier. Fee income climbed to $2.3 million from $0.5 million, partly supporting the top-line increase.

Rental property operating expenses rose to $84.7 million from $74.2 million. General and administrative expenses increased to $12.1 million from $9.7 million, while interest expense advanced to $47.1 million from $38.5 million.

The operating portfolio comprised 39 properties and 22.27 million rentable square feet at quarter-end.

Cousins Advances Portfolio RecyclingDuring the quarter, Cousins purchased its joint venture partner's 10% interest in 100 Mill, a 287,000-square-foot Phoenix office property, for $18.5 million.

The company also sold Research Park Plaza V, a 173,000-square-foot Austin office asset, for $42.0 million, generating the quarterly gain. After quarter-end, it sold One Eleven Congress in Austin for $208.0 million.

Cousins also acquired a preferred equity interest in the 199,000-square-foot 5th & Walsh office development in Austin after quarter-end. Its $31.5 million funding commitment is expected to be invested in 2027.

CUZ Strengthens Its Financing ProfileCousins closed a new five-year $1.2 billion unsecured credit facility, replacing a $1.0 billion facility scheduled to mature in April 2027. It also extended existing $400 million and $100 million unsecured term loans and reduced borrowing spreads.

As of June 30, 2026, cash and cash equivalents were $6.7 million, up from $6.3 million at prior quarter-end. Net debt to annualized EBITDAre was 5.57, down from 5.66 in the prior quarter, while fixed-charge coverage declined to 3.39 from 3.45.

Cousins Raises 2026 FFO GuidanceCousins raised the lower end of its 2026 FFO guidance to $2.92 per share from $2.90 while maintaining the upper end at $2.98. The midpoint increased to $2.95 from $2.94. Management attributed the revision to leasing activity that exceeded its prior forecast and recent transaction activity. The Zacks Consensus Estimate is pinned at $2.95, in line with the midpoint guidance.

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

Performance of Other Office REITsBXP, Inc. (BXP - Free Report) reported second-quarter 2026 FFO of $1.78 per share, beating the Zacks Consensus Estimate of $1.71. FFO rose 4.1% from the year-ago period. Results reflected higher occupancy and same-property NOI growth, which supported the FFO beat. Total portfolio occupancy climbed 100 basis points sequentially to 88.4%.

SL Green Realty Corp. (SLG - Free Report) delivered second-quarter 2026 FFO of $1.43, which beat the Zacks Consensus Estimate of $1.19 by 20.17%. However, FFO declined 12.3% from $1.63 in the year-ago quarter. The results reflected stronger Manhattan leasing, higher occupancy and growth in same-store cash NOI.

Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.

Ares Management (ARES - Free Report) reported $1.26 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 20.4%. EPS of $1.29 for the same period compares to $1.03 a year ago.

The reported revenue represents a surprise of -4.16% over the Zacks Consensus Estimate of $1.32 billion. With the consensus EPS estimate being $1.29, the company has not delivered EPS surprise.

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

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 Ares Management performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

FPAUM Rollforward - Ending Balance - Total: $409.92 billion versus the four-analyst average estimate of $417.14 billion.AUM Rollforward - Ending Balance - Total: $671.32 billion versus $669.87 billion estimated by four analysts on average.FPAUM Rollforward - Ending Balance - Real Assets Group: $88.61 billion versus the three-analyst average estimate of $90.7 billion.FPAUM Rollforward - Ending Balance - Secondaries Group: $31.47 billion versus $31.48 billion estimated by three analysts on average.Financial Details Segments- Other fees: $91.96 million versus $71.81 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +20.8% change.Financial Details Segments- Fee related performance revenues: $40.53 million compared to the $22.9 million average estimate based on four analysts. The reported number represents a change of +142.7% year over year.Financial Details Segments- Management fees: $1.03 billion versus $1.06 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +14.4% change.Financial Details Segments- Performance income-realized: $140.33 million versus the four-analyst average estimate of $171.57 million. The reported number represents a year-over-year change of +152.6%.Realized Income- Secondaries Group: $59.97 million compared to the $52.51 million average estimate based on two analysts. The reported number represents a change of +23.1% year over year.Realized Income- Real Assets Group: $144.4 million compared to the $121.54 million average estimate based on two analysts. The reported number represents a change of +47.9% year over year.Realized Income- Private Equity Group: $12.15 million versus $18.6 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -5.5% change.Realized Income- Credit Group: $543.81 million compared to the $558.7 million average estimate based on two analysts. The reported number represents a change of +24.9% year over year.View all Key Company Metrics for Ares Management here>>>

Shares of Ares Management have returned +6.2% over the past month versus the Zacks S&P 500 composite's -0.5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

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

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 7. 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 road and highway construction company is expected to post quarterly earnings of $1.06 per share in its upcoming report, which represents a year-over-year change of +30.9%.

Revenues are expected to be $955.5 million, up 22.6% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 1.12% 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 Construction Partners?For Construction Partners, 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 -9.43%.

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

So, this combination makes it difficult to conclusively predict that Construction Partners 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 Construction Partners would post a loss of$0.05 per share when it actually produced earnings of $0.18, delivering a surprise of +460.00%.

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.

Construction Partners 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 ResultsAmrize Ltd (AMRZ - Free Report) , another stock in the Zacks Building Products - Miscellaneous industry, is expected to report earnings per share of $0.92 for the quarter ended June 2026. This estimate points to a year-over-year change of +18%. Revenues for the quarter are expected to be $3.37 billion, up 4.6% from the year-ago quarter.

Over the last 30 days, the consensus EPS estimate for Amrize Ltd has been revised 0.3% down to the current level. Nevertheless, the company now has an Earnings ESP of +6.14%, reflecting a higher Most Accurate Estimate.

This Earnings ESP, combined with its Zacks Rank #4 (Sell), makes it difficult to conclusively predict that Amrize Ltd will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates two times.

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

CBOE Global (CBOE - Free Report) came out with quarterly earnings of $3.56 per share, beating the Zacks Consensus Estimate of $3.45 per share. This compares to earnings of $2.46 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +3.19%. A quarter ago, it was expected that this holding company for the Chicago Board Options Exchange would post earnings of $3.37 per share when it actually produced earnings of $3.7, delivering a surprise of +9.79%.

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

CBOE, which belongs to the Zacks Securities and Exchanges industry, posted revenues of $731.6 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 2.09%. This compares to year-ago revenues of $587.3 million. The company has topped consensus revenue estimates four times over the last four quarters.

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

CBOE shares have added about 18.1% since the beginning of the year versus the S&P 500's gain of 8.7%.

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

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

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

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

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $3.28 on $699.01 million in revenues for the coming quarter and $13.66 on $2.81 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Securities and Exchanges is currently in the bottom 28% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, OTC Markets Group Inc. (OTCM - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on August 5.

This company is expected to post quarterly earnings of $0.70 per share in its upcoming report, which represents a year-over-year change of +16.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

OTC Markets Group Inc.'s revenues are expected to be $32.47 million, up 6.5% from the year-ago quarter.

Imperial Oil (IMO - Free Report) came out with quarterly earnings of $3.27 per share, beating the Zacks Consensus Estimate of $2.99 per share. This compares to earnings of $1.34 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +9.37%. A quarter ago, it was expected that this oil and gas and petroleum products company would post earnings of $1.67 per share when it actually produced earnings of $1.41, delivering a surprise of -15.57%.

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

Imperial Oil, which belongs to the Zacks Oil and Gas - Integrated - Canadian industry, posted revenues of $11.6 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 2.18%. This compares to year-ago revenues of $8.12 billion. The company has not been able to beat consensus revenue estimates over the last four quarters.

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

Imperial Oil shares have added about 49.2% since the beginning of the year versus the S&P 500's gain of 8.7%.

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

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

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

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

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.96 on $13.21 billion in revenues for the coming quarter and $9.60 on $42.04 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Oil and Gas - Integrated - Canadian is currently in the top 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, Suncor Energy (SU - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on August 4.

This energy company is expected to post quarterly earnings of $2.14 per share in its upcoming report, which represents a year-over-year change of +319.6%. The consensus EPS estimate for the quarter has been revised 2.3% lower over the last 30 days to the current level.

Suncor Energy's revenues are expected to be $10.35 billion, up 20.4% from the year-ago quarter.

For the quarter ended June 2026, Brookfield Renewable Energy Partners (BEP - Free Report) reported revenue of $1.02 billion, up 4.5% over the same period last year. EPS came in at -$0.37, compared to -$0.22 in the year-ago quarter.

The reported revenue represents a surprise of -1.45% over the Zacks Consensus Estimate of $1.03 billion. With the consensus EPS estimate being -$0.35, the EPS surprise was -5.71%.

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 Brookfield Renewable performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Actual Generation - Wind - Total: 2,128.00 GWh versus the nine-analyst average estimate of 2,441.48 GWh.Actual Generation - Hydroelectric - Brazil: 896.00 GWh versus the eight-analyst average estimate of 936.78 GWh.Actual Generation - Hydroelectric - Colombia: 1,434.00 GWh versus 1,426.12 GWh estimated by eight analysts on average.Actual Generation - Hydroelectric - Total: 5,564.00 GWh compared to the 5,724.69 GWh average estimate based on eight analysts.Actual Generation - Distributed energy & storage: 301.00 GWh compared to the 346.55 GWh average estimate based on eight analysts.Actual Generation - Utility-scale solar: 1,385.00 GWh versus 1,540.97 GWh estimated by eight analysts on average.Actual Generation - Hydroelectric - North America: 3,234.00 GWh versus 3,361.79 GWh estimated by eight analysts on average.Operating Revenue- Utility-scale solar: $137 million compared to the $154.98 million average estimate based on 10 analysts. The reported number represents a change of +8.7% year over year.Revenues- Hydroelectric: $543 million compared to the $484.33 million average estimate based on 10 analysts. The reported number represents a change of +18.8% year over year.Revenues- Wind: $141 million compared to the $192.8 million average estimate based on 10 analysts. The reported number represents a change of -3.4% year over year.Operating Revenue- Sustainable solutions: $153 million compared to the $164.48 million average estimate based on five analysts. The reported number represents a change of -14% year over year.Operating Revenue- Distributed energy & storage: $44 million compared to the $57.71 million average estimate based on five analysts. The reported number represents a change of -34.3% year over year.View all Key Company Metrics for Brookfield Renewable here>>>

Shares of Brookfield Renewable have returned -3.6% over the past month versus the Zacks S&P 500 composite's -0.5% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.

The upcoming report from Uber Technologies (UBER - Free Report) is expected to reveal quarterly earnings of $0.83 per share, indicating an increase of 31.8% compared to the year-ago period. Analysts forecast revenues of $14.21 billion, representing an increase of 12.3% year over year.

Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.

Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.

While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.

Bearing this in mind, let's now explore the average estimates of specific Uber metrics that are commonly monitored and projected by Wall Street analysts.

Analysts predict that the 'Revenue- Mobility' will reach $7.62 billion. The estimate indicates a year-over-year change of +4.6%.

Analysts expect 'Revenue- Freight' to come in at $1.32 billion. The estimate indicates a change of +4.3% from the prior-year quarter.

The consensus among analysts is that 'Revenue- Delivery' will reach $5.22 billion. The estimate indicates a year-over-year change of +27.1%.

The average prediction of analysts places 'Geographic Revenue- Latin America' at $978.07 million. The estimate suggests a change of +24% year over year.

Analysts' assessment points toward 'Geographic Revenue- United States and Canada' reaching $7.38 billion. The estimate indicates a year-over-year change of +12.5%.

The combined assessment of analysts suggests that 'Geographic Revenue- Asia Pacific' will likely reach $2.02 billion. The estimate suggests a change of +43.7% year over year.

It is projected by analysts that the 'Geographic Revenue- Europe, Middle East and Africa' will reach $3.89 billion. The estimate suggests a change of -0.3% year over year.

The collective assessment of analysts points to an estimated 'Gross Bookings - Total' of $57.19 billion. Compared to the present estimate, the company reported $46.76 billion in the same quarter last year.

The consensus estimate for 'Monthly Active Platform Consumers (MAPCs)' stands at 206 . The estimate compares to the year-ago value of 180 .

Analysts forecast 'Trips' to reach 3,902 . Compared to the current estimate, the company reported 3,268 in the same quarter of the previous year.

According to the collective judgment of analysts, 'Gross Bookings - Delivery' should come in at $26.93 billion. Compared to the current estimate, the company reported $21.73 billion in the same quarter of the previous year.

Based on the collective assessment of analysts, 'Gross Bookings - Mobility' should arrive at $28.97 billion. The estimate compares to the year-ago value of $23.76 billion.

View all Key Company Metrics for Uber here>>>

Over the past month, Uber shares have recorded returns of -5.5% versus the Zacks S&P 500 composite's -0.5% change. Based on its Zacks Rank #3 (Hold), UBER will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

FN Media Group Presents Oilprice.com Market Commentary

, /PRNewswire/ -- This is where China's rare earth magnet monopoly ends. REalloys (ALOY) has signed a strategic agreement with permanent magnet manufacturer JS Link to develop one of the first fully integrated non-Chinese rare earth magnet platforms, bringing together feedstock, separation, metallization, and permanent magnet manufacturing under a single North American industrial strategy.  Companies mentioned in today's commentary includes:  Realloys Inc. (ALOY), Apple Inc. (NASDAQ: AAPL), Microsoft Corporation (NASDAQ: MSFT), General Motors Company (NYSE: GM), Western Digital Corporation (NASDAQ: WDC), NVIDIA (NASDAQ: NVDA).

Permanent magnets power guided missiles, fighter aircraft, submarines, industrial robots, electric vehicles, AI infrastructure, and wind turbines. China manufactures the overwhelming majority of them, giving Beijing extraordinary leverage over industries now driving military modernization, advanced manufacturing and the global energy transition. The agreement creates a path to manufacturing American rare earth magnets entirely on American soil.

Rebuilding North America's rare earths supply chain is now moving at breakneck speed.  Only weeks ago, REalloys was selected by the U.S. Army for exclusive negotiations to develop heavy rare earth processing facilities at the Tooele Army Depot in Utah, placing the company at the center of Washington's effort to rebuild domestic rare earth processing and ahead of the Department of Defense's January 1, 2027, ban on Chinese-origin rare earth magnets. Today's announcement carries that strategy one step further, extending it beyond processing into finished magnet manufacturing.

The U.S. Army project established the processing backbone. JS Link adds permanent magnet manufacturing. Together, they place every major stage of rare earth production–from feedstock through finished magnets–inside a single American industrial platform.

"In rare earths, strategic advantage belongs to the country that builds the magnets. That's the capability we're building here in the United States," REalloys CEO Lipi Sternheim told Oilprice.com.

Building the Most Important Industrial Base of the Century

The JS Link agreement adds the final manufacturing capability. REalloys had already assembled much of the industrial chain, securing feedstock, rare earth processing, and heavy rare earth metallization before moving into permanent magnet manufacturing.

The center of that buildout is Saskatchewan. REalloys committed approximately $20.6 million to expand the Saskatchewan Research Council's rare earth processing facility, securing preferred rights to up to 80% of its expanded output, including neodymium-praseodymium metal and separated dysprosium and terbium oxides. Commercial production is targeted to begin in early 2027.

Separated oxides are still an intermediate product. Before they can become permanent magnets, they must first be converted into high-purity metals, alloyed, and then manufactured into finished magnets.

REalloys is building that next stage as well. The company is funding a dedicated heavy rare earth metallization facility that will convert dysprosium and terbium oxides into metals, creating what is expected to become the largest heavy rare earth metallization operation outside China.

The first qualification-scale materials are expected in the fourth quarter of 2026. That would place North American-produced dysprosium, terbium and NdPr into customers' hands for evaluation ahead of commercial production, moving the project from industrial construction into the final stage before commercial sales. And feedstock is already secured. REalloys (ALOY) holds a definitive long-term offtake agreement for 15% of Phase 1 production from Critical Metals' Tanbreez project in Greenland, a strategic alliance and offtake commitment tied to the Sheep Creek rare earth deposit in Montana, and a proposed supply framework with Ramaco Resources for coal-hosted rare earth material from the Brook Mine platform in Wyoming.  And the company continues to pursue additional supply from domestic and allied sources.

The Front-Line of Defense for an All-Out Industrial War

American rare earth companies are now operating under the assumption that access to Chinese materials can disappear overnight. Beijing is now trying to police Chinese-origin materials after they leave China. Its latest export controls prohibit foreign companies and individuals worldwide from supplying designated American firms with certain dual-use products, including rare earth producer MP Materials and rare earth magnet manufacturer USA Rare Earth.

This is not simply about blocking exports from Chinese companies. Beijing instructed organizations and individuals worldwide to suspend existing transactions and stop transferring designated Chinese-origin dual-use materials to the targeted American firms.

In effect, the restrictions follow the material itself rather than the exporter, an approach that gives Beijing another layer of influence over global supply chains built around Chinese processing.  China's Commerce Ministry justified the move on national security grounds, describing it as a response necessary to protect China's strategic interests and fulfill its international non-proliferation obligations. That puts pressure on every Western supply chain still dependent on Chinese processing, metallization, or magnet manufacturing.

For most of the past three decades, the United States assumed global supply chains would remain open regardless of geopolitical tensions. But now, export controls, procurement rules, sanctions, and investment restrictions are becoming permanent features of the industrial economy.

In that environment, companies capable of producing defense-qualified rare earth materials entirely within North America occupy a different place in the industrial landscape than they would have only a few years ago.  They are no longer simply suppliers. They are becoming part of the infrastructure supporting the next generation of American defense manufacturing.

An integrated American rare earth industry is now taking shape years faster than anyone expected. An industrial base that took China decades to build is now being reconstructed across North America in just a few years, and REalloys is now part of the frontline of defense in the biggest industrial war of our time.

Other companies working on fighting China's rare earth dominance:

Apple (AAPL) has emerged as the clear leader among big tech companies in rare earth magnet recycling, having pioneered the use of recycled rare earth elements in consumer electronics as far back as 2019, when it introduced them in the Taptic Engine of the iPhone 11. Today, nearly all magnets across Apple's device lineup are made with 100% recycled rare earth elements, a milestone the company has nearly achieved across its entire portfolio.

In July 2025, Apple formalized its commitment with a landmark $500 million partnership with MP Materials, the only fully integrated rare earth producer in the United States, to source American-made recycled rare earth magnets for hundreds of millions of Apple devices.

Microsoft (MSFT) has taken a multi-pronged approach to rare earth recycling, targeting the enormous volume of hard disk drives retired from its global Azure data center infrastructure. In April 2025, Microsoft announced a pilot program in collaboration with Western Digital, Critical Materials Recycling, and PedalPoint Recycling that successfully processed approximately 50,000 pounds of shredded end-of-life hard drives, recovering rare earth elements such as neodymium, praseodymium, and dysprosium — along with gold, copper, aluminum, and steel — using an acid-free chemical process.

Beyond its data center recycling efforts, Microsoft has embedded rare earth recycling into its Surface hardware product line, with new Surface Copilot+ PCs now featuring 100% recycled rare earth metals in their magnets. The company operates six global Circular Centers and achieved a 90.9% reuse and recycling rate for its Azure hardware in FY2024, exceeding its 2025 target ahead of schedule.

General Motors (GM) has been one of the earliest and most strategically significant automotive partners in the domestic rare earth magnet supply chain, entering into a long-term agreement with MP Materials in December 2021 to source U.S.-produced rare earth magnets for its Ultium Platform electric vehicle motors. The partnership covers GM's expanding EV lineup — including the GMC HUMMER EV, Cadillac LYRIQ, and Chevrolet Silverado EV.

GM and MP Materials have also committed to exploring novel end-of-life, closed-loop recycling approaches that would eventually allow rare earth materials from retired EV motors to be recovered and reprocessed into new magnets. In addition, GM Ventures has invested in Niron Magnetics, a startup developing a rare-earth-free magnet technology based on iron nitride, as a hedge to further reduce dependence on critical minerals.

Western Digital (WDC), one of the world's largest hard disk drive manufacturers, has taken a leading role in developing scalable rare earth recovery from its own products at end of life. In April 2025, Western Digital announced a successful at-scale pilot program conducted in collaboration with Microsoft, Critical Materials Recycling, and PedalPoint Recycling, in which approximately 50,000 pounds of shredded end-of-life hard drives were processed using an environmentally friendly, non-acid chemical extraction method to recover rare earth oxides alongside gold, copper, aluminum, and steel.

Western Digital views this initiative as a blueprint for transforming the global HDD recycling industry, with the potential to significantly offset U.S. dependence on virgin rare earth mining when scaled worldwide. By partnering with downstream processors and data center operators, Western Digital is helping to establish a feedstock network that feeds recovered rare earths back into the U.S. supply chain for applications in electric vehicles, wind turbines, and advanced electronics.

NVIDIA (NASDAQ: NVDA) is currently less about "using" rare earths and more about "transforming" how they are extracted. At CES 2026, they doubled down on their partnership with Caterpillar, revealing a fleet of autonomous mining machines powered by the NVIDIA Jetson Thor platform. These machines use edge-AI to perform real-time mineral sorting, identifying high-grade rare earth ores at the point of extraction. This reduces the energy-intensive processing of waste rock, making domestic mining more economically viable against lower-cost overseas rivals.

The company's stock remains the absolute heavyweight of the AI era, though early 2026 has seen some "AI fatigue" sell-offs as the market waits for the full rollout of the Vera Rubin architecture. Despite this, NVIDIA's data center revenue continues to defy gravity, largely because their chips are the mandatory "toll booth" for every major AI project. Their software ecosystem, specifically Omniverse, is also being used by mineral refiners to create digital twins of separation facilities, optimizing the complex chemical processes needed to reach 99.9% purity for rare earth oxides.

Beyond the software, NVIDIA's high-performance hardware—like the Blackwell and the upcoming Rubin GPUs—relies on high-speed networking and storage that utilize precision neodymium magnets. However, NVIDIA's real market-moving power is in its "AI Factory" concept. By automating the mining sector, they are effectively providing the brainpower that helps the West rebuild a critical mineral supply chain that was almost entirely lost to international competitors over the last three decades.

By. Charles Kennedy

The AI boom is triggering an unexpected and unprecedented bull run in natural gas and power  stocks. If you aren't paying attention to the energy demands of data centers, you will miss the biggest energy story of the decade. The smart money is already quietly moving into the few companies prepared to power the trillion-dollar AI machine.

Oilprice Intelligence brings you the inside view on where the next gains will come from, breaking down the market's biggest growth driver with analysis from veteran oilmen and experts. Click here to get this crucial intel for free

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Posted by Defense World Staff on Jul 31st, 2026

Bank of America Corp DE grew its holdings in Starbucks Corporation (NASDAQ:SBUX – Free Report) by 9.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,761,355 shares of the coffee company’s stock after buying an additional 1,300,085 shares during the quarter. Bank of America Corp DE owned 1.38% of Starbucks worth $1,412,060,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in Starbucks by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 114,410,675 shares of the coffee company’s stock valued at $9,634,523,000 after acquiring an additional 971,773 shares during the period. Capital World Investors lifted its holdings in shares of Starbucks by 9.0% during the fourth quarter. Capital World Investors now owns 84,727,405 shares of the coffee company’s stock valued at $7,135,228,000 after acquiring an additional 7,007,268 shares during the period. State Street Corp boosted its stake in shares of Starbucks by 0.7% in the 4th quarter. State Street Corp now owns 47,869,056 shares of the coffee company’s stock valued at $4,031,053,000 after purchasing an additional 327,161 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Starbucks by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 26,373,084 shares of the coffee company’s stock valued at $2,212,153,000 after purchasing an additional 225,168 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its holdings in shares of Starbucks by 65.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 19,447,854 shares of the coffee company’s stock worth $1,637,704,000 after purchasing an additional 7,725,547 shares during the last quarter. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Starbucks Stock Performance Shares of SBUX stock opened at $105.85 on Friday. The firm’s 50 day moving average price is $102.19 and its two-hundred day moving average price is $99.04. Starbucks Corporation has a 52-week low of $77.99 and a 52-week high of $109.23. The stock has a market cap of $120.64 billion, a PE ratio of 60.83, a PEG ratio of 2.07 and a beta of 0.98.

Starbucks (NASDAQ:SBUX – Get Free Report) last issued its earnings results on Wednesday, July 29th. The coffee company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.66 by $0.19. The company had revenue of $9.32 billion during the quarter, compared to analysts’ expectations of $9.17 billion. Starbucks had a net margin of 5.17% and a negative return on equity of 33.44%. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. As a group, sell-side analysts predict that Starbucks Corporation will post 2.41 earnings per share for the current fiscal year.

Starbucks Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, August 14th. Starbucks’s dividend payout ratio is currently 187.88%.

Analyst Upgrades and Downgrades SBUX has been the subject of a number of recent analyst reports. Guggenheim reiterated a “neutral” rating and set a $97.00 target price (up from $95.00) on shares of Starbucks in a research report on Wednesday, April 29th. Wells Fargo & Company boosted their price target on shares of Starbucks from $120.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday. Robert W. Baird set a $124.00 price objective on shares of Starbucks in a research note on Thursday. TD Cowen reaffirmed a “buy” rating and set a $120.00 price objective on shares of Starbucks in a report on Thursday. Finally, Piper Sandler reiterated an “overweight” rating and issued a $110.00 target price on shares of Starbucks in a research note on Wednesday, April 29th. Eighteen equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $112.04.

Check Out Our Latest Research Report on Starbucks

More Starbucks News Here are the key news stories impacting Starbucks this week:

Positive Sentiment: Starbucks reported adjusted Q3 earnings of $0.85 per share, well above the $0.66 analyst consensus, while revenue of $9.32 billion also exceeded expectations. Adjusted EPS increased sharply from $0.50 a year earlier. Reuters article Positive Sentiment: Global comparable-store sales rose 7.9%, beating the 5.7% expectation, driven primarily by a 4.2% increase in transactions. North American revenue reportedly climbed 7% to $7.4 billion, reinforcing the view that traffic—not merely higher prices—is powering the recovery. Starbucks Q3 results Positive Sentiment: Management raised fiscal 2026 adjusted EPS guidance to $2.55-$2.65, from $2.25-$2.45, and now expects full-year global comparable sales growth of approximately 6%. Expanding margins and faster service are supporting investor confidence in the turnaround. Starbucks turnaround and outlook Positive Sentiment: Analyst reactions were generally supportive: TD Cowen reaffirmed a Buy rating with a $120 target, while Wells Fargo raised its target to $125 and Morgan Stanley lifted its target to $115. Starbucks is also testing carbonated versions of its Refreshers, expanding its non-coffee product lineup for younger consumers. Starbucks carbonated Refreshers Neutral Sentiment: Analyst opinions remain mixed. UBS, Citigroup and DA Davidson raised targets to $112, $112 and $110 while maintaining neutral ratings; Wolfe Research kept a Hold rating. BNP Paribas Exane raised its target to $92 but retained an Underperform rating, citing limited upside. Negative Sentiment: Despite the operational improvement, revenue declined 1.4% year over year, partly reflecting the China joint-venture structure, and the shares trade at a high valuation after their recent rally. That valuation leaves less room for execution missteps or a slowdown in comparable sales growth. Insider Buying and Selling In other Starbucks news, CEO Brady Brewer sold 2,229 shares of the stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $104.00, for a total value of $231,816.00. Following the transaction, the chief executive officer owned 77,364 shares of the company’s stock, valued at approximately $8,045,856. This represents a 2.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 6,687 shares of company stock valued at $679,033 in the last ninety days. Corporate insiders own 0.03% of the company’s stock.

Starbucks Company Profile (Free Report)

Starbucks Corporation is a global coffeehouse chain and roaster that operates, licenses and franchises coffee shops and related retail businesses. Founded in Seattle, Washington in 1971 by Jerry Baldwin, Zev Siegl and Gordon Bowker, the company grew from a single store focused on whole-bean coffee and equipment into a broad consumer-facing brand. Howard Schultz, who joined the company later and served in senior leadership roles, is widely credited with transforming Starbucks into a mass-market specialty coffee retailer and expanding its footprint internationally.

Starbucks’ core activities center on the retail sale of hot and cold specialty beverages, whole-bean and packaged coffees, teas and ready-to-drink products, along with complementary food items and merchandise such as mugs and brewing equipment.

Featured Stories Five stocks we like better than Starbucks Microsoft Just Flipped the AI Spending Narrative Overnight Qualcomm’s Turnaround Is Working, So Why Is Wall Street Selling? Meta’s Earnings Show Why Wall Street Is Losing Patience With AI Spending Can Starbucks Keep This Turnaround Going? The Latest Results Say Yes Want to see what other hedge funds are holding SBUX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Starbucks Corporation (NASDAQ:SBUX – Free Report).

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Colgate-Palmolive (CL - Free Report) came out with quarterly earnings of $0.99 per share, beating the Zacks Consensus Estimate of $0.95 per share. This compares to earnings of $0.92 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +4.21%. A quarter ago, it was expected that this consumer products maker would post earnings of $0.95 per share when it actually produced earnings of $0.97, delivering a surprise of +2.11%.

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

Colgate-Palmolive, which belongs to the Zacks Consumer Products - Staples industry, posted revenues of $5.36 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.20%. This compares to year-ago revenues of $5.11 billion. The company has topped consensus revenue estimates three times over the last four quarters.

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

Colgate-Palmolive shares have added about 15.9% since the beginning of the year versus the S&P 500's gain of 8.7%.

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

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

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

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

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.91 on $5.35 billion in revenues for the coming quarter and $3.81 on $21.39 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Consumer Products - Staples is currently in the bottom 18% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, BBB Foods (TBBB - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on August 12.

This discount retailer is expected to post quarterly loss of $0.18 per share in its upcoming report, which represents a year-over-year change of -38.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

BBB Foods' revenues are expected to be $1.42 billion, up 47.5% from the year-ago quarter.

Caterpillar stock has pulled back substantially, moving from the year-to-date high of $1,073 to the current $809. It has dropped in the past six consecutive weeks, its longest streak in years. This article explores whether the CAT stock will continue its strong downtrend as its earnings loom.

CAT shares have been in a strong freefall in the past few weeks as investors have dumped the top AI winners. 

While Caterpillar is known for its large machines, it has also become a big name in the artificial intelligence industry because of its power generation business, which has become its fastest-growing one. Its generators are used widely across data centers in the United States and other countries.

The most recent results showed that Caterpillar’s power and energy segment made over $7 billion in sales, up by 22% from the same period last year. Its profit jumped to $1.45 billion, while its profit increased $162 million. 

This business will likely continue growing in the foreseeable future as large technology companies have hinted that they will continue spending. Alphabet, the parent company of Google and YouTube, announced that it would spend over $205 billion in spending. 

Microsoft, Oracle, OpenAI, and Tesla are also continuing their spending, which will lead to more demand for power equipment over time. 

The construction segment also grew substantially in the first quarter, hitting $7.2 billion from $5.2 billion in the same period last year. Its segment profit jumped to $1.5 billion. 

The resource segment, which provides equipment used in the mining industry, made $3.8 billion in revenue, while its profit dropped to $378 million. In total, Caterpillar ended the quarter with a record revenue backlog of $63 billion, a 79% annual increase.

Looking ahead, Caterpillar stock will next react to the upcoming earnings, with analysts expecting its revenue growth to continue. The average estimate among analysts is that its revenue grew by 16% in the second quarter to $19.2 billion. For the year, analysts expect the revenue figure to come in at $76.6 billion, up by 13% YoY. Caterpillar’s earnings per share is expected to move from $4.72 last year to $6.2. 

The company faces some major challenges. For one, it is highly overvalued, with the forward price-to-earnings ratio being 32. It has remained above other popular companies like Micron and Nvidia. 

At the same time, there is a risk that the company will struggle as investors start rotating from AI winners to companies that have struggled.

Caterpillar stock chart | Source: TradingView

The daily chart shows that the Caterpillar share price has been in a strong sell-off in the past few weeks, as we predicted. It has dropped from the year-to-date high of $1,073 to the current $840. It remains above the important support level of $765, the 38.2% Fibonacci Retracement level. 

The stock has also found support at the 200-day Exponential Moving Average (EMA), while the Relative Strength Index (RSI) moved to 40. Therefore, the stock will likely be highly volatile after its earnings. The options market suggests that investors are positioning to the upside, with the put/call option of 0.95, suggesting an upside.

Federal Realty Investment Trust (FRT - Free Report) came out with quarterly funds from operations (FFO) of $1.88 per share, beating the Zacks Consensus Estimate of $1.85 per share. This compares to FFO of $1.91 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an FFO surprise of +1.62%. A quarter ago, it was expected that this real estate investment trust would post FFO of $1.82 per share when it actually produced FFO of $1.88, delivering a surprise of +3.3%.

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

Federal Realty Investment Trust, which belongs to the Zacks REIT and Equity Trust - Retail industry, posted revenues of $335.71 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.66%. This compares to year-ago revenues of $311.52 million. The company has topped consensus revenue estimates four times over the last four quarters.

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

Federal Realty Investment Trust shares have added about 23.1% since the beginning of the year versus the S&P 500's gain of 8.7%.

What's Next for Federal Realty Investment Trust?While Federal Realty Investment Trust has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

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

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

Ahead of this earnings release, the estimate revisions trend for Federal Realty Investment Trust was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus FFO estimate is $1.87 on $340.05 million in revenues for the coming quarter and $7.52 on $1.36 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust - Retail is currently in the top 27% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Macerich (MAC - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on August 4.

This shopping center real estate investment trust is expected to post quarterly earnings of $0.33 per share in its upcoming report, which represents a year-over-year change of +3.1%. The consensus EPS estimate for the quarter has been revised 0.3% higher over the last 30 days to the current level.

Macerich's revenues are expected to be $241.87 million, down 3.2% from the year-ago quarter.

LyondellBasell (LYB - Free Report) came out with quarterly earnings of $4.3 per share, beating the Zacks Consensus Estimate of $3.56 per share. This compares to earnings of $0.62 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +20.79%. A quarter ago, it was expected that this oil refiner and chemical company would post earnings of $0.31 per share when it actually produced earnings of $0.49, delivering a surprise of +58.06%.

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

LyondellBasell, which belongs to the Zacks Chemical - Diversified industry, posted revenues of $9.18 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 3.11%. This compares to year-ago revenues of $7.66 billion. The company has topped consensus revenue estimates three times over the last four quarters.

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

LyondellBasell shares have added about 39.6% since the beginning of the year versus the S&P 500's gain of 8.7%.

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

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

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

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

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.65 on $8.8 billion in revenues for the coming quarter and $8.57 on $32.5 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Chemical - Diversified is currently in the bottom 43% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, Chemours (CC - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on August 4.

This chemical company is expected to post quarterly earnings of $0.43 per share in its upcoming report, which represents a year-over-year change of -25.9%. The consensus EPS estimate for the quarter has been revised 4.4% lower over the last 30 days to the current level.

Chemours' revenues are expected to be $1.67 billion, up 3.7% from the year-ago quarter.

Posted by Defense World Staff on Jul 31st, 2026

Amundi grew its position in shares of Philip Morris International Inc. (NYSE:PM – Free Report) by 10.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 995,120 shares of the company’s stock after acquiring an additional 94,649 shares during the quarter. Amundi owned about 0.06% of Philip Morris International worth $164,533,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Capital International Investors increased its position in shares of Philip Morris International by 13.7% in the fourth quarter. Capital International Investors now owns 101,377,875 shares of the company’s stock worth $16,262,967,000 after acquiring an additional 12,227,004 shares in the last quarter. Capital Research Global Investors lifted its holdings in shares of Philip Morris International by 25.3% during the 4th quarter. Capital Research Global Investors now owns 54,559,706 shares of the company’s stock valued at $8,751,407,000 after acquiring an additional 11,013,173 shares in the last quarter. Capital World Investors lifted its holdings in shares of Philip Morris International by 2.8% during the 4th quarter. Capital World Investors now owns 132,355,726 shares of the company’s stock valued at $21,230,315,000 after acquiring an additional 3,579,399 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Philip Morris International by 36.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 9,301,112 shares of the company’s stock worth $1,491,898,000 after purchasing an additional 2,475,204 shares during the period. Finally, Vanguard Group Inc. increased its holdings in Philip Morris International by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 145,262,397 shares of the company’s stock valued at $23,300,088,000 after purchasing an additional 1,793,949 shares in the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In PM has been the topic of a number of recent research reports. Barclays boosted their price objective on Philip Morris International from $205.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday. BTIG Research set a $221.00 target price on Philip Morris International and gave the company a “buy” rating in a report on Friday, July 24th. Citigroup boosted their price target on Philip Morris International from $210.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday. Stifel Nicolaus upped their price target on Philip Morris International from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Finally, Needham & Company LLC increased their price objective on shares of Philip Morris International from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $205.89.

Get Our Latest Stock Report on PM

Philip Morris International Stock Performance NYSE:PM opened at $192.12 on Friday. The stock has a market cap of $299.44 billion, a price-to-earnings ratio of 27.60, a price-to-earnings-growth ratio of 2.40 and a beta of 0.38. Philip Morris International Inc. has a one year low of $142.11 and a one year high of $207.76. The business’s 50-day simple moving average is $183.34 and its 200 day simple moving average is $176.67.

Philip Morris International (NYSE:PM – Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $2.05 by $0.15. The firm had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.60 billion. Philip Morris International had a negative return on equity of 163.41% and a net margin of 11.06%.Philip Morris International’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.89 EPS. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. On average, equities research analysts predict that Philip Morris International Inc. will post 8.33 EPS for the current year.

Philip Morris International Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Thursday, June 25th were paid a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Thursday, June 25th. Philip Morris International’s dividend payout ratio is 84.48%.

Philip Morris International Company Profile (Free Report)

Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.

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Contract strengthens global F135 support and advances readiness

, /PRNewswire/ -- Pratt & Whitney, an RTX (NYSE: RTX) business, has been awarded a nearly $1.3 billion undefinitized contract for F135 engine spare parts. The F135 powers all three variants of the F-35 Lightning II, the world's most advanced fighter aircraft.

The Indefinite Delivery, Indefinite Quantity (IDIQ) contract will fund fiscal year 2026 F135 initial spare parts requirements, deployable spare packages, depot lay-ins and associated support equipment in support of U.S. and international F-35 customers.

"Ensuring the F135 remains mission-ready is critical to the success of the F-35 enterprise," said Chris Johnson, vice president of Pratt & Whitney's F135 Program. "This contract will help strengthen our global sustainment network to ensure operators around the world can continue to rely on the F135's unmatched performance."

The F135 sustainment enterprise maintains a robust global network that includes multiple depot facilities and support for 42 bases and 13 ships worldwide. Through its extensive maintenance, logistics and technical capabilities distributed across the globe, Pratt & Whitney continues to advance the F135 enterprise to provide enhanced agility and mission-critical support wherever the F-35 fleet operates.

Pratt & Whitney has delivered more than 1,500 F135 production engines to a worldwide customer base spanning 20 allied nations. The forthcoming F135 Engine Core Upgrade, the selected propulsion modernization solution for the F-35, will leverage the established F135 sustainment network to provide global F-35 operators with proven, cost-effective sustainment. This modernization solution enhances fleet readiness and provides seamless, long-term capability for decades to come.

About Pratt & Whitney 
Pratt & Whitney, an RTX business, is a world leader in the design, manufacture and service of aircraft engines and auxiliary power units for military, commercial and civil aviation customers. Since 1925, our engineers have pioneered the development of revolutionary aircraft propulsion technologies, and today we support more than 90,000 in-service engines through our global network of maintenance, repair and overhaul facilities.

About RTX
With more than 180,000 global employees, we push the limits of technology and science to redefine how we connect and protect our world. With industry-leading capabilities, we advance aviation, engineer integrated defense systems for operational success, and develop next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2025 sales of more than $88 billion, is headquartered in Arlington, Virginia.

For questions or to schedule an interview, please contact [email protected].

SOURCE RTX

Item 1 of 2 A smartphone with displayed Coinbase logo and representation of cryptocurrencies are placed on a keyboard in this illustration taken, June 8, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

[1/2]A smartphone with displayed Coinbase logo and representation of cryptocurrencies are placed on a keyboard in this illustration taken, June 8, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights, opens new tab

SummaryCompaniesAnalysts long-term support from stablecoins, retail derivatives Coinbase shares have lost nearly 28% YTDBusiness mix keeps improving, analyst saysJuly 31 (Reuters) - Shares of Coinbase Global (COIN.O), opens new tab slipped 5.6% ​in premarket trading on Friday after a third straight quarterly loss, though analysts ‌expect strong fundamentals and business diversity to cushion it from a crypto cycle downturn.

The cryptocurrency market lost significant value in recent sessions, with bitcoin falling, as expectations that the U.S. Federal Reserve ​will cut interest rates faded and investors pulled money from spot exchange-traded ​funds.

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Bitcoin, the world's largest cryptocurrency, has lost a little over 27% ⁠value so far in 2026. Shares of Coinbase, often tied to the crypto cycle, ​have matched that with a nearly 28% decline.

The fall came after higher-than-expected inflation data ​reinforced expectations that the central bank would keep rates elevated for longer, weighing on risk-sensitive assets such as cryptocurrencies.

"Overall, crypto trading conditions remain challenging, and with limited visibility into when/if trading volumes will ​recover," analysts at Raymond James said.

GAINING GROUND ON SHAKY SOILAnalysts pegged the quarterly ​loss to the crypto cycle, believing that its business fundamentals remain good and Coinbase would be at ‌the ⁠center of any possible crypto market recovery.

"The company posted its third consecutive quarter of record crypto trading market share at 10.3%, proving it continues to take share even in a softer crypto environment," said David Bartosiak, Stock Strategist at Zacks Investment Research.

"More ​importantly, the business mix ​keeps improving."

The company ⁠has diversified its revenue stream and moved away from spot Bitcoin trading to guard against such downturns. It is actively rowing ​the shores of stablecoins and retail derivatives, which could support its ​business long-term.

Coinbase ⁠and prediction markets platform Kalshi said in May that they were introducing perpetual crypto futures, marking the debut of such instruments to U.S. investors through domestic, regulated exchanges.

"We are ⁠encouraged ​that Coinbase is diversifying its business and think investors ​will applaud derivatives-driven share gains," William Blair said in a note. Its analysts believe that now is ​the time to buy Coinbase shares.

Reporting by Pritam Biswas in Bengaluru; Editing by Joyjeet Das

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