Track market-moving stories before they get noisy

© JHVEPhoto / iStock Editorial via Getty Images

Meta (NASDAQ: META | META Price Prediction) and Alphabet (NASDAQ: GOOG) have both reported, and the results paint two very different pictures of AI-era Big Tech.

Meta’s Q1 numbers leaned on a one-time tax windfall and aggressive infrastructure spending. Alphabet’s Q2, released July 22, 2026, showcased a cloud business finally hitting hyperscale velocity. Same sector, wildly different setups.

Ad Machines Hum, but Cloud Steals the Show Meta posted EPS of $10.44 against a $6.66 estimate, on revenue of $56.31 billion, up 33.08% year over year. Strip out the $8.03 billion tax benefit tied to CAMT and R&D treatment, and normalized EPS sits closer to $7.31. Still a beat, still real, just less spectacular. Ad impressions rose 19% YoY and average price per ad climbed 12%.

Alphabet’s headline was cleaner where it counts. Revenue reached $119.796 billion, up 24.23%, the 12th consecutive quarter of double-digit growth. Google Cloud jumped to $24.768 billion, an 82% surge, accelerating from Q1’s 63%. Sundar Pichai told investors “nearly 90% of the Fortune 100” now use Gemini Enterprise, and Gemini models process 22 billion API tokens per minute.

One Funds AI With Cash. One Borrows Heavily. Lens Meta Alphabet 2026 Capex Plan $125B to $145B $175B to $185B Free Cash Flow +$12.39B -$5.855B P/E Ratio 23 14 Growth Engine Ad platform + Reality Labs Cloud + Search + Waymo Alphabet raised roughly $70 billion in combined equity and debt, suspended its buyback, and pushed long-term debt from $46.5 billion to $98.2 billion. Interest expense grew nearly 5x year over year.

Meta is spending heavily too, but it self-funds. Reality Labs still bleeds $4.03 billion per quarter, and Zuckerberg said the goal is to “deliver personal superintelligence to billions of people.” Ambitious. Expensive.

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

The Next Test Is Whether Capex Pays Off Both stocks slid last week. Meta fell 7.95%; Alphabet dropped 7.64%. But the year-to-date gap tells the real story: Alphabet is up 9.1% while Meta is down 4.82%.

I will be watching whether Alphabet’s cloud momentum can absorb the interest burden, and whether Meta’s Superintelligence Labs produces something monetizable before Reality Labs losses compound further.

Why I Lean Toward Alphabet on Value Right Now On the cheaper AI infrastructure story, Alphabet screens as the better value on current multiples. A P/E of 14 for a company growing 24% with an 82% cloud engine feels mispriced, even with the debt. The 58 analyst buys and zero sells line up with that read.

I would not fault a Meta bull though. Ad pricing power, a fortress balance sheet, and 25% model-implied upside keep it interesting. A quarter without a tax windfall would offer a cleaner read on the underlying earnings power. If Alphabet’s free cash flow stays negative into Q4, I revisit. For now, the cheaper stock with the faster-growing cloud carries the more defensible setup on the numbers.

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

Contact [email protected] for any questions or corrections.

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay Wolke & Rotter LLP, a leading national shareholder rights law firm, continues its investigation on behalf of Alphabet Inc. (“Alphabet” or the “Company”) (NASDAQ: GOOG) investors concerning the Company's possible violations of the federal securities laws.IF YOU ARE AN INVESTOR WHO LOST MONEY ON ALPHABET INC. (GOOG), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.What Happened?On July 16, 2026, Bloomberg news reported t.

SPCX stock is moving. See the chart and price action here.  Alphabet disclosed this week that it held $94.1 billion of SpaceX shares as of June 30, marking the first time the company has valued its SpaceX stake against public market prices since the company’s June 12 IPO. 

The position remains largely frozen for now. About $80 billion sits under short-term sale restrictions, while the remaining $14.1 billion stays locked up through the third quarter of 2027. 

Google’s $920 Million-A-Month AI Computing DealThe arrangement grants Google access to approximately 110,000 Nvidia graphics processing units along with associated CPUs, memory and infrastructure housed in SpaceX’s data centers. 

Full monthly payments run from October 2026 through June 2029, totaling roughly $30 billion over the contract term and either party can terminate the deal after Dec. 31, 2026 with 90 days’ notice. 

The juxtaposition is striking on paper, but the two arrangements are structurally separate. Alphabet’s equity stake reflects a decade-old strategic investment dating to 2015, when SpaceX carried a $12 billion valuation.

The compute contract, by contrast, functions as a commercial vendor relationship tied to surging AI infrastructure demand across the industry. 

Next Up: Data Centers In Orbit?The orbital approach would sidestep Earth’s power grid constraints, and Google CEO Sundar Pichai had suggested “tiny racks of machines” in satellites could become a normal way to build data centers within a decade.

If SpaceX and Google partner on orbital data centers, the two companies’ financial ties would deepen further, adding a space-based compute layer on top of Alphabet’s $94.1 billion equity stake and its existing $920 million-a-month deal for ground-based AI computing capacity.

Google’s relationship with SpaceX now spans three distinct layers: a $94.1 billion equity stake built over a decade, a $920 million-a-month contract for terrestrial AI computing capacity running through 2029 and early-stage talks over orbital data centers that could extend the partnership into space itself.

Each arrangement carries its own terms and timeline, but together they illustrate how deeply intertwined Alphabet and SpaceX have become across ownership, infrastructure and the broader AI computing race.

As SpaceX settles into life as a public company, investors will likely watch this dual investor-customer dynamic closely for signs of how far the relationship extends.

This image was generated using artificial intelligence via Gemini.

This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

To add Benzinga News as your preferred source on Google, click here.

New York, New York--(Newsfile Corp. - July 24, 2026) - Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against Microsoft Corporation (NASDAQ: MSFT) and certain of its officers.

This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Microsoft securities between May 1, 2025 and January 28, 2026, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: bgandg.com/MSFT.

Microsoft Case Details

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

Microsoft's Copilot family of products had experienced significant brand positioning, user experience, usage, data siloing, computational capacity, organizational, and interoperability problems; Microsoft's flagship proprietary AI model ranked well below competitors on a number of benchmark tests; Microsoft needed to increase by billions of dollars its capital expenditures and divert graphics processing unit ("GPU") and central processing unit ("CPU") capacity away from fulfilling demand for its profitable Azure services in order to improve the competitive positioning of its critical Copilot family of products and increase its AI-related research and development ("R&D"); and as a result of the above, Microsoft had failed to convert a significant percentage of its commercial Microsoft 365 users to paid Copilot subscriptions and Microsoft's Copilot offerings had lost market share to rival products, a trend that was increasing.What's Next for Microsoft Investors?

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm's site: bgandg.com/MSFT, or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in Microsoft you have until August 11, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.

No Cost to Microsoft Investors

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

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

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

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

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

Attorney advertising.
Prior results do not guarantee similar outcomes.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/301533

Source: Bronstein, Gewirtz & Grossman, LLC

Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.

Contact Us

Here at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success.

The Zacks Premium service makes this easier. It features daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter. All of these can help you quickly identify what stocks to buy, what to sell, and what are today's hottest industries.

The service also includes the Focus List, which is a long-term portfolio of top stocks that boast a winning, market-beating combination of growth and momentum qualities.

Breaking Down the Zacks Focus ListIf you could, wouldn't you jump at the chance for access to a curated list of stocks to kickstart your investing journey?

That's what the Zacks Focus List, a portfolio of 50 stocks, offers investors. Not only does it serve as a starting point for long-term investors, but all stocks included in the list are poised to outperform the market over the next 12 months.

Additionally, each selection is accompanied by a full Zacks Analyst Report, something that makes the Focus List even more valuable. The report explains in detail why each stock was picked and why we believe it's good for the long-term.

The portfolio's past performance only solidifies why investors should consider it as a starting point. For 2020, the Focus List gained 13.85% on an annualized basis compared to the S&P 500's return of 9.38%. Cumulatively, the portfolio has returned 2,519.23% while the S&P returned 854.95%. Returns are for the period of February 1, 1996 to March 31, 2021.

Focus List MethodologyWhen stocks are picked for the Focus List, it reflects our enduring reliance on the power of earnings estimate revisions.

Earnings estimates are expectations of growth and profitability, and are determined by brokerage analysts. Together with company management, these analysts examine every aspect that may affect future earnings, like interest rates, the economy, and sector and industry optimism.

Investors also need to look at what a company will earn down the road. This is why earnings estimate revisions are so important.

Stocks that receive upward earnings estimate revisions are more likely to receive even more upward changes in the future. For example, if an analyst raised their estimates last month, they're more likely to do it again this month, and other analysts are likely to do the same.

Harnessing the power of earnings estimate revisions is where the Zacks Rank comes in. The Zacks Rank, which is a unique, proprietary stock-rating model, employs earnings estimate revisions to make it easier to build a winning portfolio.

Four primary factors make up the Zacks Rank: Agreement, Magnitude, Upside, and Surprise. Each is given a raw score that's recalculated every night and compiled into the Rank, and with this data, stocks are then classified into five groups, ranging from "Strong Buy" to "Strong Sell."

The Focus List is comprised of stocks hand-picked from a long list of #1 (Strong Buy) or #2 (Buy) ranked companies, meaning that each new addition boasts a bullish earnings consensus among analysts.

Since stock prices respond to revisions, it can be very profitable to buy stocks with rising earnings estimates. By buying Focus List stocks, then, you're likely getting into companies whose future earnings estimates will be raised, potentially leading to price momentum.

Focus List Spotlight: Advanced Micro Devices (AMD - Free Report) Advanced Micro Devices has strengthened its position in the semiconductor market on the back of its strong product portfolio. Santa Clara, CA-based AMD generated revenues of $34.64 billion in 2025. The company reports operations under three segments – Data Center, Client and Gaming, and Embedded – which accounted for 48%, 42%, and 10% of revenues, respectively.

Since being added to the Focus List on May 19, 2025 at $117.17 per share, shares of AMD have increased 360.6% to $539.69. The stock is currently a #2 (Buy) on the Zacks Rank.

Five analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.07 to $7.28. AMD also boasts an average earnings surprise of 6.5%.

Additionally, AMD's earnings are expected to grow 74.6% for the current fiscal year.

Reveal Winning StocksUnlock all of our powerful research, tools and analysis, including the Zacks #1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, Premium Screener and more, as part of Zacks Premium. You'll quickly identify which stocks to buy, hold and sell, and target today's hottest industries, to help improve the performance of your portfolio. Gain full access now >>

Key Takeaways Nokia highlighted AI and cloud demand as a key growth driver with Network Infrastructure gains.NOK reported AI and cloud sales more than doubled year over year, with EUR 2.8B order intake.Nokia is expanding optical capacity in the U.S. while investing in AI-related networking growth. Nokia Oyj (NOK - Free Report) used its second-quarter earnings call to highlight accelerating demand tied to artificial intelligence (AI) and cloud infrastructure, while management emphasized investments, restructuring and supply capacity expansion.

The company maintained its outlook and pointed to AI-driven growth in optical and IP networking as a key focus area entering the second half of 2026.

NOK Targets AI Infrastructure GrowthCEO Justin Hotard said Nokia’s strategy is centered on capturing opportunities from the AI supercycle, with early progress reflected in stronger Network Infrastructure results. He highlighted AI and cloud sales growth, broader customer demand and continued investment in differentiated connectivity technologies.

The company reported second-quarter net sales growth of 9% on a constant currency basis, with the comparable operating margin expanding to 9%. Network Infrastructure revenues increased 12%, driven by Optical Networks and IP Networks.

NOK reported adjusted EPS of $0.08, which beat the Zacks Consensus Estimate of $0.07. Revenues of $5.59 billion, however, missed the Zacks Consensus Estimate of $5.61 billion.

Nokia Expands AI Network StrategyNokia said AI and cloud customers remain the strongest growth contributor. Hotard noted that AI and cloud sales more than doubled year over year, while order intake reached EUR 2.8 billion during the quarter.

Management emphasized that order patterns can be uneven, but the company continues to benefit from the demand across optical networks and IP networks. Hotard said roughly half of the AI and cloud orders received during the second quarter are expected to convert into revenues over the next 12 months.

Nokia also highlighted the launch of its AI-RAN platform, which management said provides operators with a software-based path to improving network performance and supports future 6G upgrades.

NOK Addresses Supply ConstraintsSupply availability was a key topic during the analyst discussion. A Raymond James analyst asked about risks involving memory, printed circuit boards and indium phosphide wafers.

Hotard said memory constraints remain the most significant supply issue and that Nokia is working to secure supply, simplify designs and coordinate with customers on longer lead times.

Regarding optical manufacturing, Hotard said Nokia’s capacity investments are designed to support future demand, including expanded indium phosphide manufacturing capabilities. The company is adding capacity in the United States through new facilities and planned expansion projects.

Nokia Details Outlook PrioritiesNokia maintained its full-year 2026 comparable operating profit outlook at EUR 2.1 billion to EUR 2.6 billion after a technical adjustment related to discontinued operations. Management said operational expectations remain unchanged.

CFO Marco Wiren said the company continues to track somewhat above the midpoint of its operating profit guidance range. He added that third-quarter sales are expected to increase sequentially by 3-7%, while operating profit is expected to remain broadly similar to the second quarter before improving in the fourth quarter.

Nokia also expects restructuring charges of approximately EUR 800 million in 2026 as it accelerates efficiency programs and organizational changes.

NOK Builds Optical CapacityOptical Networks remained a central investment area, with second-quarter sales increasing 20% on a constant currency basis. IP Networks revenues rose 16%, supported by AI and cloud demand.

Hotard said Nokia is maintaining investments in optical manufacturing capacity to support long-term demand. The company is advancing its San Jose facility and expanding testing and packaging capacity in Pennsylvania.

NOK also discussed its focus on concentrating resources in areas where it sees stronger differentiation while reducing exposure to lower-priority businesses. The company classified Fixed Wireless Access CPE and Enterprise Campus Edge as discontinued operations.

Nokia Faces Analyst ScrutinyAnalysts focused on the durability of AI infrastructure demand and whether recent order strength can continue. A Morgan Stanley analyst questioned the sustainability of higher-order levels.

Hotard said Nokia is focused on long-term order momentum rather than quarter-to-quarter fluctuations. He emphasized that customer demand remains strong, particularly in data center interconnect and AI-related networking applications.

A Danske Bank analyst also asked about optical supply capacity. Management reiterated that current investments are intended to align manufacturing capabilities with expected market expansion.

NOK Maintains Strategic FocusHotard said Nokia entered the second half of 2026 with momentum driven by AI and cloud demand, while continuing to reshape operations around growth opportunities. Management emphasized technology development, internal productivity improvements and disciplined capital allocation.

The company’s strategy remains focused on scaling businesses tied to AI infrastructure while improving operational efficiency. Nokia’s outlook reflects continued investment alongside cost actions.

Zacks Rank & Style SignalsNOK carries a Zacks Rank #3 (Hold), which indicates that the stock’s current earnings estimate revision trend does not place it among the strongest or weakest Zacks-ranked stocks. The Zacks Rank can change as analysts update earnings estimates following quarterly results. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The stock has a Value Score of C, Growth Score of C, Momentum Score of A and VGM Score of B. Zacks Style Scores rank stocks from A to F, with higher scores representing stronger characteristics for each style category.

Nvidia Corp (NASDAQ:NVDA, XETRA:NVD) CEO Jensen Huang posted on X for the first time on Friday, sharing a multi-company letter that defends open-weight AI models as essential to US technology leadership.

Huang, who joined the platform last month but had not posted until now, used his debut message to promote a letter signed by Nvidia and roughly 20 other organizations, including Meta, Microsoft and Palantir.

The letter argues that open models strengthen safety, accelerate innovation and support national AI sovereignty, and that US leadership should not rest on a single frontier model alone.

For my first post, I’m sharing a letter @NVIDIA signed on why open models matter.

AI will transform every industry, power every company, and be built by every country.

Open models strengthen safety and cybersecurity, accelerate innovation and diffusion, and enable sovereignty.… pic.twitter.com/t02bi51N4C

— Jensen Huang (@JensenHuang) July 24, 2026 The post follows a week of public comments from Huang on the AI policy debate in Washington. Earlier in the week, he told Axios that American companies should be free to use Chinese AI models, and he separately described Chinese models as strong performers that expand demand for Nvidia's chips and data center infrastructure rather than threaten US companies.

Those comments put Huang at odds with Treasury Secretary Scott Bessent, who this week warned that Chinese AI firms could face sanctions over what he called industrial-scale distillation attacks on US intellectual property. The letter Huang shared addresses that concern directly, arguing that unlawful extraction of value from closed models is a legitimate issue but should be handled through targeted legal and commercial measures rather than broad restrictions on open-weight AI.

The letter also frames open-weight models as a way to widen access to AI development, allowing startups, established businesses, universities and public institutions to build on advanced models without training their own from scratch.

Huang had stayed off X while rival chipmaker executives built a presence on the platform for years. His account, registered in June, listed just a handful of followers before Friday's post.

Huang said he is sharing a letter signed by Nvidia on why open models matter. The letter argues open models strengthen safety and cybersecurity, accelerate innovation and diffusion, and enable sovereignty, while saying the world needs both frontier closed models and frontier open models.

Huang Calls Chinese AI Models ‘Excellent’Bessent Warns on ‘Industrial-Scale’ DistillationRead also

Image: Shutterstock

This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

To add Benzinga News as your preferred source on Google, click here.

The battle over artificial intelligence is often framed as a race between OpenAI, Anthropic, Google, Meta Platforms (NASDAQ:META | META Price Prediction), and a growing list of Chinese challengers. Investors naturally focus on which company has the smartest chatbot or the most advanced reasoning model. But that may be asking the wrong question. 

In a recent open letter advocating for open-weight AI models, Nvidia (NASDAQ:NVDA) CEO Jensen Huang offered a different vision for the industry’s future. Read closely, and his comments reveal something more important than a philosophical argument about open source — they expose the business model that has turned Nvidia into the most valuable infrastructure company in AI.

Nvidia Doesn’t Need to Win the AI Race Huang’s central argument is that America’s AI leadership depends on building an open ecosystem rather than concentrating advanced models in the hands of a few companies. In the letter, backed by organizations including Meta, Microsoft (NASDAQ:MSFT), IBM (NASDAQ:IBM), Hugging Face, Mistral, Mozilla, and the Linux Foundation, he argues that open-weight models expand competition, lower costs, improve customer control, and speed AI adoption across industries.

Granted, that sounds like a policy position. It is also remarkably aligned with Nvidia’s financial interests.

Unlike OpenAI or Anthropic, Nvidia doesn’t sell AI models. It sells the computing infrastructure needed to train, fine-tune, and deploy them. Whether a company uses Meta’s Llama, DeepSeek‘s R1, Mistral’s latest release, or OpenAI’s next frontier model, there’s a good chance Nvidia hardware is powering the workload.

Nvidia doesn’t need one company to dominate AI. It benefits most when everyone builds AI.

Open Models Create Winners — And New Rivals Closed AI models concentrate computing demand among a handful of hyperscalers that operate enormous data centers. Open-weight models spread that demand across startups, universities, governments, manufacturers, healthcare providers, and enterprises that want to run models on their own infrastructure. That’s exactly the kind of diffusion Huang champions.

Recent leaked comments from DeepSeek founder Liang Wenfeng reinforce the point. According to the transcript, DeepSeek remains constrained by compute availability despite operating roughly 20,000 H100-equivalent GPUs. Liang also said Huawei’s production capacity remains limited and that DeepSeek expects to receive “large batches” of Nvidia-powered systems in the coming months following the Trump administration’s decision to permit certain Nvidia AI chip sales into China.

Surprisingly, one of China’s most capable open-model developers may still depend on Nvidia hardware for its next phase of growth.

Don't wait: the analyst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.

That also exposes the biggest tension in Huang’s argument. Nvidia benefits when AI spreads as broadly as possible because every new model, whether developed in Silicon Valley or Beijing, creates demand for GPUs. But that isn’t necessarily good news for every American AI company. Giving DeepSeek more computing power could help it build stronger open models that compete directly with OpenAI, Anthropic, and other U.S. developers. What’s good for Nvidia shareholders isn’t always perfectly aligned with the interests of U.S. frontier-model companies — or policymakers focused on preserving America’s technological lead.

That said, investors shouldn’t assume open models will replace proprietary AI. History suggests markets often support both approaches. Linux became the backbone of cloud computing without eliminating Microsoft Windows, while PostgreSQL expanded without replacing Oracle Database. 

AI is likely to follow a similar path, with closed models retaining an edge in frontier reasoning and regulated industries while open models dominate customized deployments, sovereign AI projects, and enterprise fine-tuning. Nvidia is positioned to supply both ecosystems.

Key Takeaway In short, Huang’s recent comments shouldn’t be viewed simply as an endorsement of open-source AI. They’re better understood as an explanation of Nvidia’s long-term strategy.

The company’s real competitive advantage isn’t building the best chatbot. It ensures that every company, government, researcher, and startup that wants to build AI needs Nvidia’s hardware to do it.

Granted, that strategy creates an uncomfortable tradeoff. Broader access to Nvidia’s chips can strengthen overseas competitors like DeepSeek even as it expands Nvidia’s addressable market. Investors, AI developers, and policymakers won’t always reach the same conclusion because they’re optimizing for different outcomes.

Ultimately, Nvidia wins if AI becomes ubiquitous. Regardless of whether OpenAI, DeepSeek, Meta, Anthropic, or another lab develops the world’s best model, widespread AI adoption creates more demand for the infrastructure Nvidia sells. For long-term shareholders, that’s the real message hidden inside Huang’s letter.

Don't wait: the analyst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.

Contact [email protected] for any questions or corrections.

Anglo American PLC's (LSE:AAL) interim results next Thursday are expected to show stronger copper profitability offset by weaker iron ore pricing and losses from businesses being prepared for sale.

The miner's second-quarter production update this week was broadly reassuring, with copper and iron ore output around 1% ahead of expectations, according to Deutsche Bank.

UBS, which retained a 'buy' rating and 4,600p price target, warned that first-half EBITDA could undershoot the $3.9 billion consensus. Analyst Myles Allsop forecasts $3.6 billion.

Copper should provide the main bright spot after Anglo cut its unit-cost guidance by around 15% to 145 cents per pound, helped by stronger by-product credits and improved treatment charges.

Production of 173,000 tonnes met expectations, while output guidance remained at 700,000-760,000 tonnes.

Concerns had centred on Collahuasi following the temporary suspension of its desalination plant. However, Deutsche analyst Liam Fitzpatrick said this week's update indicates the mine performed in line with expectations and remained on course for a grade-driven recovery in 2027.

UBS expects lower copper costs to be offset by weaker realised iron ore prices, reflecting higher freight charges and the redirection of cargoes from Bahrain to China.

Steelmaking coal and De Beers are also expected to have been EBITDA-negative during the first half.

Anglo recently agreed to sell its Australian coal operations to Dhilmar for up to $3.88 billion, while discussions over the disposal of De Beers are "progressing".

Investors are also likely to look for confirmation that Anglo's merger with Teck Resources remains on track for completion between September and March.

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.

The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.

Zacks Premium includes access to the Zacks Style Scores as well.

What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.

Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.

The Style Scores are broken down into four categories:

Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.

Growth ScoreGrowth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.

Momentum ScoreMomentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.

VGM ScoreIf you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.

How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.

Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +23.94% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.

But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.

That's where the Style Scores come in.

You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.

Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.

Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: AT&T (T - Free Report) Based in Dallas, TX, AT&T Inc. is the second largest wireless service provider in North America and one of the world’s leading communications service carriers. Through its subsidiaries and affiliates, the company offers a wide range of communication and business solutions that include wireless, local exchange, long-distance, data/broadband and Internet, video, managed networking, wholesale and cloud-based services.

T is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.

Momentum investors should take note of this Computer and Technology stock. T has a Momentum Style Score of B, and shares are up 2.4% over the past four weeks.

Seven analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.01 to $2.33 per share. T boasts an average earnings surprise of +6.3%.

With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, T should be on investors' short list.

Key Takeaways Netflix beat earnings estimates but missed revenue expectations, sending shares lower after its Q2 report.NFLX saw double-digit revenue growth driven by membership, pricing, and increased ad revenues.ETFs like FNGS offer diversified exposure amid shifting streaming investment dynamics. Streaming giant Netflix (NFLX - Free Report) reported mixed second-quarter 2026 results last week. The company narrowly beat its bottom-line estimate but fell slightly short of revenue expectations.

Consequently, NFLX shares pulled back 7.3% on the trading day following the release — a level where the stock has largely hovered since its July 16 announcement — reflecting investor disappointment over the revenue miss and narrowed revenue guidance for 2026.

Meanwhile, Netflix bought back $4.7 billion of its shares in the second quarter — its largest quarterly share repurchases on record — demonstrating strong underlying financial health despite incurring higher cash tax payments tied in part to the Warner Bros. termination fee.

Amid this backdrop, the recent pullback in NFLX’s share price may offer a golden opportunity for exchange-traded fund (ETF) investors seeking diversified exposure to the world’s leading streaming powerhouse. ETFs provide a balanced route to capture Netflix’s long-term growth potential while buffering against the single-stock volatility that often follows quarterly releases.

Before diving into the specific ETFs, let us dig deeper into NFLX’s overall second-quarter performance.

A Brief Analysis of NFLX’s Q2 ResultsNetflix’s second-quarter 2026 earnings beat the Zacks Consensus Estimate by 1.3%. Its revenues missed the consensus mark by 0.1%.

On a year-over-year basis, the company delivered double-digit revenue growth, driven by membership growth, pricing and increased ad revenues. 

In terms of engagement quantity, in the first half of 2026, Netflix members watched more than 97 billion hours, reflecting 2% growth year over year. This was slightly faster than the 1.5% growth in 2025, despite the competitive impact of the Winter Olympics and the World Cup this year. 

To expand the variety of its entertainment offering, NFLX has been launching new types of content like video podcasts, creators like Danny Go! and Salish & Jordan Matter, and cloud TV games, a trend it aims to continue in the near future as well, to boost viewership. 

The company has made notable progress on its cloud-first video game strategy this year, including the addition of several new titles, where the market opportunity is nearly $150 billion in consumer spend, excluding China and Russia. 

Netflix has also been witnessing positive growth in its kids section. Netflix Playground, which is NFLX’s app for kids games, has seen 3X growth in daily players since its launch. As a result, engagement in kids' mobile games has risen 600% year over year.

Netflix remains on track to deliver approximately $3 billion in ad revenues by the end of this year.

The company’s earlier announced partnerships with leading publishers including Condé Nast, Hearst, and People are set to bring their lifestyle content to members in the United States and several other countries beginning in August.

ETFs in SpotlightMicroSectors FANG+ ETN (FNGS - Free Report)   

This fund, with a market cap worth $557.4 million, provides exposure to 10 highly-traded growth stocks of next-generation technology and tech-enabled companies. Of these, Netflix accounts for roughly 9% of the fund’s shares.

FNGS has rallied 10.7% over the past year and charges 58 basis points (bps) in fees. 

Vanguard Communication Services Index Fund ETF Shares (VOX - Free Report)

This fund, with net assets worth $5.7 billion, provides exposure to 112 companies that provide communications services primarily through fixed-line, cellular, wireless, high-bandwidth, and/or fiber-optic cable networks. Of these, Netflix accounts for 4.21% of the fund’s shares.

VOX has risen 3.4% over the past year and charges 9 bps in fees. 

FINQ FIRST U.S. Large Cap AI-Managed Equity ETF (AIUP - Free Report)

This fund, with assets under management worth $4.08 million, provides exposure to 14-20 U.S. large-cap companies included in the S&P 500 Index. Of these, Netflix accounts for 4.37% of the fund’s shares.

AIUP has rallied 7.8% over the past year and charges 70 bps in fees.

Here at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success.

The Zacks Premium service, which provides daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter, makes these more manageable goals. All of the features can help you identify what stocks to buy, what to sell, and what are today's hottest industries.

It also includes the Focus List, a long-term portfolio of top stocks that have all the elements to beat the market.

Breaking Down the Zacks Focus ListIf you could get access to a curated list of stocks to kickstart your investment portfolio, wouldn't you jump at the chance to take a peek?

That's what the Zacks Focus List offers. It's a portfolio of 50 stocks that serve as a starting point for long-term investors to build their individual portfolios. The stocks included in the list are set to outperform the market over the next 12 months.

What makes the Focus List even more helpful is that each selection is accompanied by a full Zacks Analyst Report, which explains the reasoning behind every stock's selection and why we believe it's a good pick for the long-term.

The portfolio's past performance only solidifies why investors should consider it as a starting point. For 2020, the Focus List gained 13.85% on an annualized basis compared to the S&P 500's return of 9.38%. Cumulatively, the portfolio has returned 2,519.23% while the S&P returned 854.95%. Returns are for the period of February 1, 1996 to March 31, 2021.

Focus List MethodologyWhen stocks are picked for the Focus List, it reflects our enduring reliance on the power of earnings estimate revisions.

Brokerage analysts are in charge of determining a company's growth and profitability expectations, or earnings estimates. These analysts work together with company management to evaluate all factors that may affect future earnings, like interest rates, the economy, and sector and industry optimism.

What a company will earn down the road also needs to be taken into consideration, and this is why earnings estimate revisions are so important.

The stocks that receive positive changes to earnings estimates are more likely to receive even more upward changes in the future. Take this example: if an analyst raised their estimates last month, they'll probably do so again this month, and other analysts will follow.

Utilizing the power of earnings estimate revisions is when the Zacks Rank joins the party. A unique, proprietary stock-rating model, the Zacks Rank uses changes to quarterly earnings expectations to help investors create a winning portfolio.

Four primary factors make up the Zacks Rank: Agreement, Magnitude, Upside, and Surprise. Each is given a raw score that's recalculated every night and compiled into the Rank, and with this data, stocks are then classified into five groups, ranging from "Strong Buy" to "Strong Sell."

The Focus List is comprised of stocks hand-picked from a long list of #1 (Strong Buy) or #2 (Buy) ranked companies, meaning that each new addition boasts a bullish earnings consensus among analysts.

Because stock prices react to revisions, buying stocks with rising earnings estimates can be very profitable. Focus List stocks offer investors a great opportunity to get into companies whose future earnings estimates will be raised, potentially leading to price momentum.

Focus List Spotlight: JPMorgan Chase & Co. (JPM - Free Report) Headquartered in New York, JPMorgan Chase & Co. is one of the biggest global banks with assets worth $5.02 trillion and total stockholders’ equity worth $374.6 billion as of June 30, 2026. With operations in more than 60 countries, the company (incorporated under Delaware law in 1968) is one of the largest financial service firms globally.

Since being added to the Focus List on October 10, 2016 at $68.11 per share, shares of JPM have increased 413.73% to $349.9. The stock is currently a #1 (Strong Buy) on the Zacks Rank.

For fiscal 2026, eight analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $2.07 to $24.39. JPM boasts an average earnings surprise of 7.3%.

Additionally, JPM's earnings are expected to grow 19.9% for the current fiscal year.

Reveal Winning StocksUnlock all of our powerful research, tools and analysis, including the Zacks #1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, Premium Screener and more, as part of Zacks Premium. You'll quickly identify which stocks to buy, hold and sell, and target today's hottest industries, to help improve the performance of your portfolio. Gain full access now >>

In its upcoming report, Procter & Gamble (PG - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $1.41 per share, reflecting a decline of 4.7% compared to the same period last year. Revenues are forecasted to be $21.36 billion, representing a year-over-year increase of 2.3%.

The current level reflects a downward revision of 0.8% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.

Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.

While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.

That said, let's delve into the average estimates of some P&G metrics that Wall Street analysts commonly model and monitor.

It is projected by analysts that the 'Net Sales- Beauty' will reach $3.88 billion. The estimate suggests a change of +4% year over year.

Based on the collective assessment of analysts, 'Net Sales- Grooming' should arrive at $1.71 billion. The estimate indicates a change of +1.6% from the prior-year quarter.

The combined assessment of analysts suggests that 'Net Sales- Corporate' will likely reach $250.59 million. The estimate indicates a year-over-year change of -8.5%.

Analysts' assessment points toward 'Net Sales- Fabric & Home Care' reaching $7.51 billion. The estimate points to a change of +1.7% from the year-ago quarter.

Analysts expect 'Net Sales- Baby, Feminine & Family Care' to come in at $5.12 billion. The estimate indicates a year-over-year change of +0.5%.

Analysts forecast 'Net Sales- Health Care' to reach $2.79 billion. The estimate points to a change of +2.4% from the year-ago quarter.

The collective assessment of analysts points to an estimated 'Earnings before income taxes- Beauty' of $714.12 million. The estimate is in contrast to the year-ago figure of $708.00 million.

According to the collective judgment of analysts, 'Earnings before income taxes- Grooming' should come in at $446.33 million. Compared to the current estimate, the company reported $458.00 million in the same quarter of the previous year.

The consensus among analysts is that 'Earnings before income taxes- Health Care' will reach $477.62 million. The estimate is in contrast to the year-ago figure of $487.00 million.

Analysts predict that the 'Earnings before income taxes- Fabric & Home Care' will reach $1.72 billion. The estimate is in contrast to the year-ago figure of $1.75 billion.

The consensus estimate for 'Earnings before income taxes- Baby, Feminine & Family Care' stands at $1.18 billion. Compared to the present estimate, the company reported $1.22 billion in the same quarter last year.

View all Key Company Metrics for P&G here>>>

Shares of P&G have demonstrated returns of -1% over the past month compared to the Zacks S&P 500 composite's +0.6% change. With a Zacks Rank #4 (Sell), PG is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Key Takeaways Johnson & Johnson's Innovative Medicine sales rose 6.8% operationally to $16.38 billion in Q2 2026.JNJ's growth was led by Darzalex, Tremfya, Erleada and newer drugs despite Stelara's sharp decline.Johnson & Johnson expects key drugs and new launches to support above-market growth through 2026. Johnson & Johnson (JNJ - Free Report) , via its Innovative Medicine segment, markets a broad portfolio of blockbuster therapies across key areas, including neuroscience, cardiovascular and metabolic diseases, immunology, oncology, pulmonary hypertension and infectious diseases.

J&J’s Innovative Medicines/Pharma segment is the company’s primary growth engine, clearly outperforming its MedTech segment, despite the impact of biosimilar and generic competition on sales of some key drugs like Stelara, Remicade and Zytiga.

J&J’s Innovative Medicine Segment’s Q2 PerformanceJ&J’s Innovative Medicine segment delivered another quarter of healthy operational growth in the second quarter as sales rose 6.8% on an operational basis (excluding the impact of currency) to $16.38 billion.

On an organic basis, sales rose 6.9% despite the loss of exclusivity (“LOE”) of the multi-billion-dollar product, Stelara.

Higher sales of key products such as Darzalex, Tremfya and Erleada due to strong market growth and share gains drove the segment’s growth. New drugs like Carvykti, Tecvayli, Talvey, Rybrevant and Spravato contributed significantly to growth. These gains were partly offset by lower sales of Stelara, Remicade, Imbruvica and Zytiga.

Sales of blockbuster multiple myeloma treatment, Darzalex, rose 18.9% to $4.21 billion in the quarter. Tremfya remained another key growth driver, with sales rising 72.5% to $2.05 billion. Erleada sales increased 9.5% to $995 million.

Stelara’s sales fell 55.2% to $740 million. Stelara’s LOE negatively impacted the Innovative Medicines segment’s growth by 760 basis points and total revenues by 460 basis points in the second quarter.

J&J’s Innovative Medicine Segment’s Outlook for H2J&J expects its Innovative Medicine segment to remain a key growth driver in the second half of 2026. The growth is expected to be driven by its key products, such as Darzalex, Tremfya, Spravato, Carvykti and Erleada, as well as increased contribution from new launches like Icotyde, Rybrevant and Inlexzo, which can offset the ongoing impact of Stelara biosimilar competition. On the second-quarter conference call, J&J said that it is seeing strong launches of all these new drugs, Inlexzo, Icotyde and Imaavy.

However, other than the Stelara LOE impact, J&J expects generic impact for both Simponi and Opsumit to begin in 2026 as the drugs lose patent protection.

Overall, J&J expects continued above-market growth for the Innovative Medicine segment through the remainder of 2026. In fact, Innovative Medicine is expected to remain J&J's primary growth engine for the foreseeable future.

J&J Key CompetitorsImmunology and oncology are J&J’s key areas. Other large drugmakers with a strong presence in the oncology market include Novartis, AstraZeneca (AZN - Free Report) , AbbVie (ABBV - Free Report) , Amgen (AMGN - Free Report) , Merck, Bristol-Myers, Roche and Pfizer. In immunology, AbbVie, Amgen, Sanofi, AstraZeneca and Pfizer hold a strong position.

JNJ’s Price Performance, Valuation and EstimatesJ&J’s shares have outperformed the industry so far this year. The stock has risen 26.7% this year compared with 11.8% appreciation of the industry. 

Image Source: Zacks Investment Research

From a valuation standpoint, J&J is slightly expensive. Going by the price/earnings ratio, the company’s shares currently trade at 21.07 forward earnings, higher than 18.72 for the industry. The stock is also trading above its five-year mean of 15.65.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for 2026 earnings has risen from $11.58 per share to $11.65 per share over the past 30 days, while that for 2027 earnings has gone up from $12.65 per share to $12.80 over the same time frame.

Image Source: Zacks Investment Research

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

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?

Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Walt Disney (DIS - Free Report) .

Disney currently has an average brokerage recommendation (ABR) of 1.48, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 32 brokerage firms. An ABR of 1.48 approximates between Strong Buy and Buy.

Of the 32 recommendations that derive the current ABR, 23 are Strong Buy and four are Buy. Strong Buy and Buy respectively account for 71.9% and 12.5% of all recommendations.

Brokerage Recommendation Trends for DIS

Check price target & stock forecast for Disney here>>>

While the ABR calls for buying Disney, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.

Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations.

This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements.

With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near-term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision.

Zacks Rank Should Not Be Confused With ABRIn spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.

Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.

It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.

On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.

There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices.

Is DIS a Good Investment?In terms of earnings estimate revisions for Disney, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at $6.85.

Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term.

The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Disney. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for Disney.

© public domain / wikimedia commons

Lockheed Martin (NYSE:LMT | LMT Price Prediction) reported Q2 EPS of $7.94 versus $7.199 expected, revenue of $20.06 billion, and a record $230.42 billion backlog.

Shares ripped 10.54% in a single session and are up 18.95% year to date. Can LMT push through to $700 per share by 2027?

What Was Holding Lockheed Back Coming into 2026, LMT was the sick man of large-cap defense. Q1 was a miss, EPS $6.44 versus $6.70 expected, and the stock dropped 4.62% on the report. F-35 deliveries collapsed to 19 from 50 a year earlier, and unfavorable adjustments on Heavy Lift ($65 million) and Seahawk ($50 million) reinforced fixed-price program risk eating margins.

Peers ran ahead. General Dynamics hit an all-time high of $381.18 while LMT sat roughly 12% below its 52-week high of $687.50. Analysts at TD Cowen and Jefferies flagged margin pressure and a sector that had gone “out of favor.” With a beta of just 0.113, LMT grinds rather than bounces hard, capping enthusiasm.

Wall Street Sees 6.7% Upside. I Think That’s Too Cautious The Street consensus target sits at $606.68, with 2 Strong Buys, 4 Buys, 14 Holds, and 1 Sell. Our base case model lands at $619.24, an 8.91% upside, with a bull case of $660.34 and confidence rated 0.9, or high.

Both figures anchor to 29% bullish analyst sentiment and 67% neutral. Morgan Stanley raised the firm’s price target on Lockheed Martin to $690 from $653 and keeps an Equal Weight rating on the shares

Management raised full-year EPS guidance to $29.95 to $30.65 and free cash flow to $7 billion to $7.2 billion. Fourteen Holds today is a stale rating.

The Path to $700 Per Share Reaching $700 from today’s price of $568.59 would require a gain of 23.1%. With forward EPS of $31.39, a price of $700 implies a forward P/E of 22x. Our base case of $619.24 already implies 21x means the bold target requires only 1.3x of additional multiple expansion.

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

That is achievable if guidance keeps moving up. CEO Jim Taiclet said the quarter reflected “a $35 billion multi-year contract with the Missile Defense Agency for THAAD” and raised guidance to “accelerated year-over-year sales growth of approximately 8%, driving 28% higher segment operating profit.”

New wins keep landing: a 12-year logistics deal with U.S. Special Operations Command worth up to $10.5 billion and a $1.6 billion F-35 spares order for the U.S. Navy. The primary risk is renewed fixed-price program charges that reset earnings lower.

Where Lockheed Trades Today Versus Its Earnings Power At $568.59 against forward EPS of $31.39, LMT trades at roughly 18x forward earnings. For a business compounding backlog to $230 billion with $2.9 billion of quarterly free cash flow, that is cheap.

Shares sit between the 52-week low of $401.69 and high of $687.50, and the stock has returned 189.98% over ten years. The valuation reset from the Q1 miss has largely been erased, but the multiple has not caught up to the new earnings power the raised guidance implies.

Is $700 Realistic? $700 by 2027 requires a 23.1% gain and about 1.3x of multiple expansion on top of our base case.

Three things need to go right: guidance drifts higher on THAAD, PAC-3, and Precision Strike Missile ramps; F-35 deliveries stabilize and Aeronautics stops absorbing loss adjustments; the pending Ultra Maritime acquisition closes cleanly. A congressional continuing resolution delaying procurement funding would derail it fastest. We’ve outlined the blueprint for how Lockheed Martin could reach $700 in 2027.

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

Contact [email protected] for any questions or corrections.

Ford faces lower Q2 sales and EV weakness, but cost controls, product mix and valuation support its long-term case as investors await clearer guidance.

Verizon Communications Inc (NYSE:VZ, XETRA:BAC) shares rose about 3% on Friday morning after the company reported second quarter results that beat Wall Street expectations for adjusted earnings and raised its full-year outlook, despite revenue coming in below forecasts.

The company reported adjusted earnings per share of $1.30 for the quarter ended June 30, ahead of analyst estimates of $1.27 to $1.28.

Total revenue was $34.25 billion, slightly below expectations of about $35.28 billion.

Verizon reported strong subscriber trends during the quarter, adding 184,000 postpaid phone customers, above analyst expectations of 106,000. The company said this marked its strongest consumer Q2 postpaid phone net additions in five years.

Mobility and broadband service revenue increased 2.8% year over year to approximately $23.4 billion, with Verizon forecasting growth to accelerate to around 4% in the fourth quarter of 2026. The company added more than 550,000 total mobility and broadband connections during the quarter, more than double the level from the first half of 2025.

Broadband net additions totaled 348,000 in the second quarter, including 193,000 fixed wireless access additions and 155,000 fiber broadband additions. Verizon said it now has approximately 17.1 million fixed wireless access and fiber broadband connections.

Following the results, Verizon raised its full-year guidance, now expecting mobility and broadband service revenue growth of 2.5% to 3.0% in 2026.

The company also lifted its adjusted EPS outlook to $4.99 to $5.04, representing year-over-year growth of 6% to 7%, and increased its full-year share buyback target to up to $4.5 billion.

“We’re putting customers at the center of every decision we make,” Verizon CEO Dan Schulman said in a statement.

“With recent updates including our new Simplicity plans, Verizon One converged offerings, and an industry-leading loyalty program, we are gaining subscribers and earning long-term retention based on real value rather than subsidized promotions.”

For the quarter ended June 2026, Verizon Communications (VZ - Free Report) reported revenue of $34.25 billion, down 0.7% over the same period last year. EPS came in at $1.30, compared to $1.22 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $35.31 billion, representing a surprise of -3%. The company delivered an EPS surprise of +2.36%, with the consensus EPS estimate being $1.27.

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

Retail postpaid ARPA: $168.35 versus the three-analyst average estimate of $162.64.Wireless - Retail Prepaid Connections: 19.35 million versus the three-analyst average estimate of 19.34 million.Churn rate - Total Wireless - Postpaid Phone: 0.9% versus 0.9% estimated by three analysts on average.Wireless - Retail postpaid Connections: 126.62 million compared to the 126.72 million average estimate based on three analysts.Operating Revenues- Wireless equipment revenues: $5.02 billion versus $6.16 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -19.7% change.Operating Revenues- Service revenues and other: $29.23 billion versus the four-analyst average estimate of $29.06 billion. The reported number represents a year-over-year change of +3.5%.Total reportable segments operating revenues: $34.25 billion versus the four-analyst average estimate of $34.98 billion.Operating revenues- Consumer: $26.24 billion versus the four-analyst average estimate of $27.38 billion. The reported number represents a year-over-year change of -1.5%.Operating revenues- Business: $7.16 billion versus $7.45 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -1.7% change.Operating revenues- Business- Other: $2.58 billion versus the three-analyst average estimate of $2.77 billion.Operating revenues- Business- Wireless equipment: $846 million versus the three-analyst average estimate of $908.48 million.Operating revenues- Consumer- Mobility and broadband service: $19.64 billion versus the three-analyst average estimate of $19.5 billion.View all Key Company Metrics for Verizon here>>>

Shares of Verizon have returned -4.9% over the past month versus the Zacks S&P 500 composite's +0.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Verizon Communications Inc. (VZ) Q2 2026 Earnings Call July 24, 2026 8:30 AM EDT

Company Participants

Colleen Ostrowski - Senior Vice President of Investor Relations
Daniel Schulman - Director & CEO
Anthony Skiadas - Executive VP & CFO

Conference Call Participants

Sean Diffley - Morgan Stanley, Research Division
Michael Rollins - Citigroup Inc., Research Division
John Hodulik - UBS Investment Bank, Research Division
Michael Ng - Goldman Sachs Group, Inc., Research Division

Presentation

Operator

Good morning, and welcome to Verizon's Second Quarter 2026 Earnings Conference Call. [Operator Instructions] Today's conference is being recorded. If you have any objections, you may disconnect at this time.

I would now like to turn the call over to Colleen Ostrowski, Senior Vice President, Investor Relations.

Colleen Ostrowski
Senior Vice President of Investor Relations

Thanks, Brad. Good morning, and welcome to our second quarter 2026 earnings call. I'm Colleen Ostrowski, and on the call with me this morning are our Chief Executive Officer, Dan Schulman; and Tony Skiadas, our CFO.

Before we begin, I'd like to point you to our safe harbor statement, which can be found in the earnings presentation and on our Investor Relations website. Our comments this morning may include forward-looking statements, which are subject to risks and uncertainties. Factors that may affect future results are discussed in our SEC filings. This presentation also contains non-GAAP financial measures, and you can find reconciliations of these measures in the materials on our website.

As a reminder, on June 29, 2026, we filed an 8-K with the Securities and Exchange Commission, which disclosed our agreement to form a joint venture with BT Group plc to combine our international wireline businesses. As such, the net assets that Verizon will contribute to the JV are now classified as assets and liabilities held for sale and have been moved from Verizon Business Group to Corporate and

In its upcoming report, Starbucks (SBUX - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.66 per share, reflecting an increase of 32% compared to the same period last year. Revenues are forecasted to be $9.44 billion, representing a year-over-year decrease of 0.2%.

The consensus EPS estimate for the quarter has been revised 0.3% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.

Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.

While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.

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

The consensus among analysts is that 'Net Revenues- Company-operated stores' will reach $7.52 billion. The estimate indicates a change of -3.7% from the prior-year quarter.

Analysts forecast 'Net Revenues- Licensed stores' to reach $1.24 billion. The estimate points to a change of +12.3% from the year-ago quarter.

The consensus estimate for 'Net Revenues- Other' stands at $624.43 million. The estimate indicates a change of +16.1% from the prior-year quarter.

Analysts' assessment points toward 'Net Revenues- Channel Development' reaching $558.27 million. The estimate indicates a change of +15.4% from the prior-year quarter.

The combined assessment of analysts suggests that 'Net Revenues- North America' will likely reach $7.29 billion. The estimate indicates a change of +5.3% from the prior-year quarter.

The average prediction of analysts places 'Net Revenues- Company-operated stores- International' at $920.14 million. The estimate points to a change of -39.7% from the year-ago quarter.

According to the collective judgment of analysts, 'Net Revenues- Licensed stores- International' should come in at $535.29 million. The estimate indicates a year-over-year change of +15.1%.

Analysts predict that the 'Net Revenues- Licensed stores- North America' will reach $649.92 million. The estimate points to a change of +1.5% from the year-ago quarter.

It is projected by analysts that the 'Total Stores' will reach 39,717 . The estimate is in contrast to the year-ago figure of 41,097 .

Based on the collective assessment of analysts, 'Total Stores - International' should arrive at 22,912 . Compared to the current estimate, the company reported 22,363 in the same quarter of the previous year.

The collective assessment of analysts points to an estimated 'Total Company-operated stores EOP' of 15,643 . Compared to the present estimate, the company reported 21,730 in the same quarter last year.

Analysts expect 'Total Licensed stores EOP' to come in at 23,660 . Compared to the present estimate, the company reported 19,367 in the same quarter last year.

View all Key Company Metrics for Starbucks here>>>

Over the past month, shares of Starbucks have returned +0.1% versus the Zacks S&P 500 composite's +0.6% change. Currently, SBUX carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

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

The earnings report, which is expected to be released on July 31, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

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

Zacks Consensus EstimateThis consumer products maker is expected to post quarterly earnings of $0.95 per share in its upcoming report, which represents a year-over-year change of +3.3%.

Revenues are expected to be $5.35 billion, up 4.7% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.04% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

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

Price, Consensus and EPS Surprise

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

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

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

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

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

How Have the Numbers Shaped Up for Colgate-Palmolive?For Colgate-Palmolive, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -1.78%.

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

So, this combination makes it difficult to conclusively predict that Colgate-Palmolive 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 Colgate-Palmolive 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 beaten consensus EPS estimates four times.

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

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

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

Expected Results of an Industry PlayerAmong the stocks in the Zacks Consumer Products - Staples industry, Procter & Gamble (PG - Free Report) , is soon expected to post earnings of $1.41 per share for the quarter ended June 2026. This estimate indicates a year-over-year change of -4.7%. This quarter's revenue is expected to be $21.36 billion, up 2.3% from the year-ago quarter.

Over the last 30 days, the consensus EPS estimate for P&G has been revised 0.8% down to the current level. Nevertheless, the company now has an Earnings ESP of -0.23%, reflecting a lower Most Accurate Estimate.

This Earnings ESP, combined with its Zacks Rank #4 (Sell), makes it difficult to conclusively predict that P&G 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.

For most of the AI boom, investors have sorted semiconductor companies into neat categories.

NVIDIA Corp. (NASDAQ:NVDA) dominated AI accelerators.

Qualcomm Inc. (NASDAQ:QCOM) stayed trapped in the “smartphone chipmaker” bucket.

Citrini Research argues that classification may soon become outdated. The business underneath Qualcomm is turning into something else.

• Qualcomm stock is showing weakness. Why is QCOM stock trading lower?

Qualcomm Is Trying To Attack AI’s “Memory Wall”In the latest edition of its Citrini Semis Substack, Citrini Research highlighted that Qualcomm’s transformation extends far beyond smartphones.

The firm said the company is making a credible push into AI infrastructure — a market many investors still aren’t pricing in.

Instead, it’s attempting to solve one of artificial intelligence’s biggest bottlenecks: the exploding cost of moving data between memory and processors.

The investment thesis doesn’t revolve around another AI accelerator.

It revolves around architecture.

Citrini argues that today’s AI infrastructure faces a growing “memory wall,” where processors have become dramatically faster while memory bandwidth struggles to keep up.

High-bandwidth memory has become the industry’s preferred solution, but soaring costs are creating incentives to pursue alternative architectures.

“HBM isn’t an immutable requirement, it’s just the industry’s current answer to the cost of moving enormous amounts of data back and forth between memory and the accelerator,” Citrini wrote.

The firm believes Qualcomm’s newly introduced High Bandwidth Compute (HBC) architecture could become one of those alternatives.

Instead of relying on traditional HBM packaging, Qualcomm places compute directly beneath LPDDR memory, reducing data movement while avoiding expensive advanced packaging technologies.

According to Qualcomm executive Tony Pialis, the architecture delivers significantly higher bandwidth efficiency while reducing power consumption.

If successful, Qualcomm wouldn’t simply be selling another AI chip.

It would be attacking one of AI infrastructure’s largest cost centers.

Why Investors Should Focus On 2029, Not Next QuarterSkeptics argue that Qualcomm’s data center business remains years away from contributing meaningful revenue.

Citrini acknowledges that point but says investors are focusing on the wrong timeline.

Citrini acknowledges that production timelines remain early, with AI200 systems arriving this year and larger hyperscaler deployments expected later this decade.

Semiconductor stocks are routinely valued years ahead of realized earnings, and the firm said 2028 and 2029 are “precisely the year we are putting multiples on this.”

Qualcomm does not need billions in AI revenue today. It needs investors to believe those revenues are becoming credible.

The pieces have been bought rather than built.

Qualcomm closed a $2.3 billion acquisition of Alphawave in December and agreed in June to buy AI software firm Modular for roughly $3.9 billion.

Where Does Wall Street Stand?According to Benzinga Analyst Ratings, the consensus on Qualcomm is Neutral, with an average price target of $207.93. That implies roughly 22% upside from the July 22 close of $171.11, with targets running from $100 to a Street-high $300.

Qualcomm reports fiscal third-quarter results on July 29.

Photo: Shutterstock

Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

To add Benzinga News as your preferred source on Google, click here.

The market expects Moderna (MRNA - Free Report) to deliver a year-over-year increase in earnings on lower 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 stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 31. On the other hand, if they miss, the stock may move lower.

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

Zacks Consensus EstimateThis biotechnology company is expected to post quarterly loss of $1.97 per share in its upcoming report, which represents a year-over-year change of +7.5%.

Revenues are expected to be $126.65 million, down 10.8% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 16.85% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

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

Price, Consensus and EPS Surprise

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

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

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

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

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

How Have the Numbers Shaped Up for Moderna?For Moderna, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -2.41%.

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

So, this combination makes it difficult to conclusively predict that Moderna 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 Moderna would post a loss of$3.02 per share when it actually produced a loss of -$1.18, delivering a surprise of +60.93%.

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

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

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

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

An Industry Player's Expected ResultsAmong the stocks in the Zacks Medical - Biomedical and Genetics industry, Bristol Myers Squibb (BMY - Free Report) , is soon expected to post earnings of $1.59 per share for the quarter ended June 2026. This estimate indicates a year-over-year change of +8.9%. This quarter's revenue is expected to be $11.67 billion, down 4.9% from the year-ago quarter.

Over the last 30 days, the consensus EPS estimate for Bristol Myers has been revised 1.1% up to the current level. Nevertheless, the company now has an Earnings ESP of +0.51%, reflecting a higher Most Accurate Estimate.

When combined with a Zacks Rank of #3 (Hold), this Earnings ESP indicates that Bristol Myers will most likely 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.