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BNP Paribas says Oracle is seeing an “impressive inflection” as generative AI drives stronger software spending. Summary

Oracle’s trailing spending score improved unexpectedly in BNP Paribas’ latest reseller survey.

Database and cloud software major Oracle Corp. (ORCL, Financials) has indicators that its drive into AI is turning into higher client demand.

BNP Paribas said its latest software reseller survey revealed a “impressive inflection” for Oracle, with the October findings better than worse readings in July. The major change was generative AI.

GenAI has already eclipsed cybersecurity in terms of demand, according to the report, indicating that firms are moving out of the testing phase and are starting to invest real budget.

Oracle seems to be the immediate beneficiary. Its DB@AWS and DB@Azure solutions leaped into the top three most demanded products, while Oracle Cloud Infrastructure and Fusion also improved.

That important because those products are supporting both sides of the investment case.

OCI helps drive expansion, while database services operating within competitor clouds can assist produce higher-margin software income.

BNP Paribas also cited positive results for AWS, Google Cloud and Microsoft, while Adobe, Zoom and IBM fell behind in areas of the poll.

For Oracle investors the question is whether this more aggressive reseller engagement translates into sustainable revenue growth.

The next thing to look for is if Oracle's impending findings support the survey's indication of improving demand.

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

Click for the complete disclosure

NEW YORK, Oct. 20, 2026 (GLOBE NEWSWIRE) -- SueWallSt notifies institutional investors in Hyliion Holdings Corp. (NYSE: HYLN) that a class action lawsuit has been filed on behalf of shareholders who purchased securities between May 12, 2026 and June 23, 2026. Request an institutional investor loss assessment. You may also contact Joseph E. Levi, Esq. at [email protected] or (888) SueWallSt.

HYLN closed at $7.37 on June 22, 2026 and at $4.92 on June 24, 2026, a two-session decline of $2.45 per share, or 33.24%. With approximately 178.3 million shares of common stock outstanding as of May 7, 2026, that repricing touched index positions, small-cap mandates, and separately managed accounts alike. To be considered for lead plaintiff, investors must file by October 27, 2026.

Notice to Institutional Holders

The pleading asserts that the Company promoted a "new data center partnership" with VFG Holdings, LLC covering deployment of up to 250 KARNO Cores, an opportunity representing roughly $133 million of Hyliion's more than $400 million in disclosed potential revenue from non-binding letters of intent. As averred, material facts concerning the counterparty's operational capabilities, financial resources, and development experience were not disclosed to the market while that pipeline figure was being presented to analysts and shareholders.

ERISA and Fiduciary Considerations

Plan trustees, public retirement systems, and advisers with discretionary authority may have obligations to evaluate and pursue available claims on behalf of beneficiaries. A documented review of Class Period transactions is often the first step in satisfying that obligation.

Fiduciary Obligations and Recovery Options

Investment committees may wish to pull custodial records identifying HYLN purchases between May 12, 2026 and June 23, 2026.Eligibility turns on purchase date and price paid, not on whether the position is still held.Funds with the largest documented losses are generally best positioned for lead plaintiff consideration under the PSLRA.Serving as lead plaintiff does not increase a fund's individual recovery, but it does provide direct oversight of case strategy and counsel.Absent class members may participate in any eventual recovery without filing a lead plaintiff motion.A loss review is provided at no cost and carries no obligation. "Institutional investors play a critical role in securities class actions, and the allegations here concerning the disclosed basis for a partnership representing roughly one-third of a stated pipeline are the kind of issue fiduciaries are expected to examine. A review of Class Period transactions is a straightforward step for any fund that held this position." -- Joseph E. Levi, Esq.

Contact us to learn more about institutional recovery options or call (888) SueWallSt.

WHY SUEWALLST: SueWallSt is powered by Levi & Korsinsky LLP. Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.

Frequently Asked Questions About the HYLN Lawsuit

Q: When did Hyliion Holdings Corp. allegedly mislead investors? A: The Class Period runs from May 12, 2026 to June 23, 2026. The complaint alleges that corrective disclosures revealed information that caused a significant stock decline.

Q: What court was the HYLN class action filed in? A: The case was filed in the United States District Court for the Western District of Texas, Austin Division, governed by the Private Securities Litigation Reform Act of 1995.

Q: Who are the defendants named in the HYLN lawsuit? A: The complaint names Hyliion Holdings Corp. and individual defendants including senior executives who signed SEC filings, made public statements, or certified financial disclosures under Sarbanes-Oxley.

Q: What do HYLN investors need to do right now? A: Investors may gather brokerage records showing purchase dates, share quantities, and prices paid. Submit your information for a no-cost, no-obligation evaluation of your potential recovery. No immediate action is required to remain eligible as an absent class member.

Q: What is a lead plaintiff and why does it matter? A: A lead plaintiff is the investor appointed by the court to represent the entire class. Lead plaintiffs are typically investors with the largest documented losses. Being appointed does not increase individual recovery but gives direct oversight of how the case is run.

Q: What if I already sold my HYLN shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought during the Class Period and sold at a loss may still be eligible to participate.

Q: Do I need to go to court or give testimony? A: No. The overwhelming majority of class members never appear in court or give depositions. If there is a settlement or recovery, eligible class members generally submit a claim form to seek their portion.

Q: What does it cost me to participate? A: There is no upfront cost to submit your information and review whether you may be eligible to recover. Should you choose to participate in the securities class action, they are generally handled on a contingency basis, with any attorneys' fees and expenses subject to court approval.

Q: What if I live outside the United States? A: U.S. securities class actions generally cover purchases on U.S. exchanges regardless of the investor's country of residence.

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

33 Whitehall Street, 27th Floor

New York, NY 10004

[email protected]

Tel: (888) SueWallSt

Fax: (212) 363-7171

Attorney Advertising. Prior results do not guarantee similar outcomes.

Costco (COST - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.

Over the past month, shares of this warehouse club operator have returned +10.8%, compared to the Zacks S&P 500 composite's +0.7% change. During this period, the Zacks Retail - Discount Stores industry, which Costco falls in, has gained 9.9%. The key question now is: What could be the stock's future direction?

While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.

Earnings Estimate RevisionsHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.

Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.

Costco is expected to post earnings of $4.87 per share for the current quarter, representing a year-over-year change of +12.2%. Over the last 30 days, the Zacks Consensus Estimate has changed +0.8%.

For the current fiscal year, the consensus earnings estimate of $22.7 points to a change of +11% from the prior year. Over the last 30 days, this estimate has changed +0.8%.

For the next fiscal year, the consensus earnings estimate of $24.92 indicates a change of +9.8% from what Costco is expected to report a year ago. Over the past month, the estimate has changed +1.7%.

Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Costco is rated Zacks Rank #3 (Hold).

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Revenue Growth ForecastEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.

In the case of Costco, the consensus sales estimate of $74.14 billion for the current quarter points to a year-over-year change of +10.2%. The $328.53 billion and $352.07 billion estimates for the current and next fiscal years indicate changes of +8.4% and +7.2%, respectively.

Last Reported Results and Surprise HistoryCostco reported revenues of $95.72 billion in the last reported quarter, representing a year-over-year change of +11.1%. EPS of $6.6 for the same period compares with $5.87 a year ago.

Compared to the Zacks Consensus Estimate of $94.82 billion, the reported revenues represent a surprise of +0.95%. The EPS surprise was +1.85%.

The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period.

ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.

Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.

The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Costco is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Costco. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.

Key Takeaways ISRG plans to extend EndoWrist instrument life in 2027 to lower costs for select robotic procedures.ISRG's I&A revenues rose 18% to $1.73B in Q2, but longer instrument use could pressure revenue per procedure.ISRG's 42% adjusted operating margin supports its strategy to expand adoption through lower costs. Intuitive Surgical (ISRG - Free Report) is preparing to lower customer costs for selected robotic-assisted procedures through its Extended Use Program (“EUP”), reflecting a strategic trade-off between near-term instrumentation and accessories (I&A) revenues and long-term market expansion.

Beginning first-half 2027, the company plans to increase the useful life of a subset of EndoWrist instruments compatible with its fourth- and fifth-generation da Vinci platforms. The initiative targets benign, high-volume procedures where affordability can influence adoption, particularly in cost-sensitive geographies and healthcare systems with lower reimbursement rates.

The strategy could put pressure on I&A revenue per procedure as customers extend the use of eligible instruments before replacing them. In the second quarter of 2026, I&A revenues rose 18% year over year to $1.73 billion, while da Vinci I&A revenue per procedure reached approximately $1,830, compared with $1,800 a year earlier.

Management is yet to quantify EUP’s financial impact, with further details expected following its analysis and pricing decisions. The rollout is expected to have a gradual impact throughout 2027 rather than result in an immediate, one-time change.

However, Intuitive Surgical is prioritizing growth and profitability together, and believes lower procedure costs can unlock incremental demand. By lowering the cost of robotic surgery for selected benign procedures, EUP could encourage hospitals and physicians to increase utilization, particularly in markets where cost has limited adoption. Higher utilization and a broader customer base could strengthen the company’s installed ecosystem and support recurring revenue opportunities over time.

The initiative comes as Intuitive Surgical remains profitable, reporting a 42% adjusted operating margin in the second quarter. Its broader strategy is to use engineering innovation, manufacturing scale and cost reductions to extend access without compromising product quality or reliability. The near-term trade-off impact will likely lead to slower I&A revenue growth per procedure while driving the longer-term opportunity for a larger market share and higher system utilization.

Peer UpdatesStryker (SYK - Free Report) is improving operating leverage through tighter spending controls, stronger gross margins and operational execution. In the second quarter of 2026, adjusted gross margin increased 60 basis points year over year to 66%, supported by favorable business mix, cost discipline and a net benefit from tariff-related costs.

Adjusted operating margin expanded 170 basis points to 27.4%. Gross margin improvement was complemented by lower adjusted selling, general and administrative expenses as a percentage of sales. Adjusted EPS rose 17.9% to $3.69, outpacing 9% organic sales growth and demonstrating improved profitability despite ongoing recovery from the cybersecurity incident.

Medtronic (MDT - Free Report) is pursuing structural cost reductions through product portfolio simplification, manufacturing efficiencies and supply-chain improvements while continuing to fund growth initiatives. In the first quarter of fiscal 2027, cost-reduction measures contributed 50 basis points to gross margin, net of inflation, while disciplined pricing added another 30 basis points.

The company rationalized more than 9,000 SKUs to streamline operations and improve supply-chain efficiency. Adjusted operating profit increased 15% to $2.3 billion, and operating margin rose 10 basis points to 23.7%, despite unfavorable business mix and higher selling expenses. Management expects operating profit growth of approximately 10% and 50 basis points of margin expansion for fiscal 2027.

Occidental Petroleum (OXY - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.

Over the past month, shares of this oil and gas exploration and production company have returned +9.6%, compared to the Zacks S&P 500 composite's +0.7% change. During this period, the Zacks Oil and Gas - Integrated - United States industry, which Occidental falls in, has gained 4.9%. The key question now is: What could be the stock's future direction?

Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.

Revisions to Earnings EstimatesRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.

Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.

For the current quarter, Occidental is expected to post earnings of $1.37 per share, indicating a change of +114.1% from the year-ago quarter. The Zacks Consensus Estimate has changed +17.1% over the last 30 days.

The consensus earnings estimate of $6.43 for the current fiscal year indicates a year-over-year change of +191%. This estimate has changed +3.9% over the last 30 days.

For the next fiscal year, the consensus earnings estimate of $4.83 indicates a change of -25% from what Occidental is expected to report a year ago. Over the past month, the estimate has changed +14.7%.

With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. 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 #2 (Buy) for Occidental.

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Revenue Growth ForecastWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.

For Occidental, the consensus sales estimate for the current quarter of $6.66 billion indicates a year-over-year change of -0.9%. For the current and next fiscal years, $27.27 billion and $25.72 billion estimates indicate +7.2% and -5.7% changes, respectively.

Last Reported Results and Surprise HistoryOccidental reported revenues of $8.33 billion in the last reported quarter, representing a year-over-year change of +29%. EPS of $2.4 for the same period compares with $0.39 a year ago.

Compared to the Zacks Consensus Estimate of $7.18 billion, the reported revenues represent a surprise of +16.03%. The EPS surprise was +25%.

The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates just once over this period.

ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.

While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.

The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Occidental is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Occidental. However, its Zacks Rank #2 does suggest that it may outperform the broader market in the near term.

ServiceNow's AI business just crossed a major milestone while the stock still sits nearly 20% below where it traded a year ago, and one analyst on Wall Street sees an opportunity the rest of the market is ignoring.

ServiceNow (NYSE:NOW | NOW Price Prediction) currently trades at $145.33. The average analyst price target is $152.23, which implies 4.7% upside.

ServiceNow sells a cloud platform that automates IT, HR, security and customer workflows, and it now positions itself as the “AI control tower” for large enterprises. Investors are watching because the AI revenue is real: ServiceNow AI crossed $1 billion in annual contract value, and agentic deployments rose 9x in 9 months.

The bigger gap comes from the high end of the Street. Bernstein’s Peter Weed holds an Outperform rating with a $248 target, the highest published. That implies 70.6% upside, a sharp break from where the market prices the stock.

AI Disruption Fears Cut ServiceNow by 58% From Its High
Fear that AI agents would make seat-based software obsolete did most of the damage. Shares fell from a 52-week high of $192.97 to a low of $81.24. That marks a decline of 57.9%. Software stocks entered a bear market in January, and ServiceNow plunged 10% in one session. The sector lost $1 trillion in a week.

ServiceNow added problems of its own. The stock tumbled nearly 15% after management warned that delayed Middle East deals would hit first-quarter subscription growth. Profit also took a hit: second-quarter operating income fell 54.75% to $162M as stock compensation and costs from the Moveworks, Veza and Armis deals piled up. The stock has since climbed 78.9% off its low, yet it is still down 19.58% over the past year.

Bernstein Says the Market Is Underpricing an AI Monetization Engine
Weed’s thesis has three parts. First, Now Assist premium levels expand contract value across existing seats, so AI revenue increases without long new sales cycles. Second, ServiceNow is the default coordination layer for IT, HR and customer workflows. Third, operating leverage should support strong free cash flow margins as subscriptions scale (per Bernstein).

The latest quarter supports that case. Revenue increases 24.0% to $3.987B, and EPS of $0.90 beat the $0.86 consensus, the company’s 4th consecutive beat. Current remaining performance obligations rose 21% to $13.20B, and deals above $1 million increases ~40%. Management’s 2030 targets include $30B+ in subscription revenue and 30% of ACV from AI.

Sentiment is generally positive, but most analysts are far less bullish than Weed. Of 49 analysts, 45 give the stock their top two ratings. Estimates have edged lower: the fiscal 2026 EPS average is at $4.0668, down from $4.1291 90 days ago, while fiscal 2027 stands at $5.0067. A price target is one analyst’s view, and it guarantees nothing.

Software Peers Fell Together, but Recovered Unevenly
The AI disruption trade hit the whole application software group, but each stock has recovered at its own pace.

Salesforce (NYSE:CRM) trades at $242.51. It is up 0.63% over the year but down 7.81% year to date. Its $285.68 consensus target implies 17.8% upside. 38 analysts rate it Buy or better, against 15 Holds.

Workday (NASDAQ:WDAY) trades at $195.20, down 16.67% over the year. Its $207.92 target implies 6.5% upside, and opinion is split: 20 Buy ratings, 19 Holds and 3 Sells.

On consensus targets, Salesforce offers the greatest potential gain among these names. ServiceNow’s case depends on whether Bernstein’s high-end view proves right.

ServiceNow Trails a Rising S&P 500
At $145.33, ServiceNow sits 4.7% below its $152.23 consensus target, based on 49 ratings. The stock is down 5.13% year to date and 19.58% over the year. Over the same periods, the S&P 500 rose 12.42% and 15.38%.

Strong Buy: 10
Buy: 35
Hold: 2
Sell: 1
Strong Sell: 1

Momentum is improving, with a one-month gain of 7.28%. The forward P/E of 28 is far below the trailing multiple of 89.

Why I Lean Bullish but Doubt the Full $248
ServiceNow deserves a closer look here if AI contract value keeps growing and margins rebound once Armis integration costs fade in FY27. But I’d stay cautious if growth slows faster than the guidance suggests. The third-quarter subscription growth guide of 20.5% already reflects federal revenue pulled forward into the second quarter, along with a $35 million currency drag to remaining performance obligations.

I lean bullish. Growth above 20% at 28 times forward earnings looks reasonable for a business that is winning large customers. Still, the consensus target is a more realistic 12-month marker than the 70% call.

Contact [email protected] for any questions or corrections.

Broadcom just posted AI chip growth that left Wall Street's estimates in the dust, yet the stock sits more than 30% below its 52-week high while its CEO drops warnings that rattled the entire sector. Something about that math deserves…

NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) gets most of the AI headlines. Broadcom (NASDAQ:AVGO) just guided to some of the fastest AI chip growth in the sector.

Based on our proprietary model, the 24/7 Wall St. price target for Broadcom is $419.38 for a 12-month horizon. That is 21.12% above the $346.25 reference price.

24/7 Wall St. Price Target Summary Metric Value Current Price $346.25 24/7 Wall St. Price Target $419.38 Upside/Downside 21.12% Recommendation BUY Confidence Level 90% Our confidence is high. The target stands well below the Wall Street consensus of $527.59, so our model is the conservative one here. Shares traded at $337.81 midday Thursday, down 2.44% on the session, so today’s price stands even further below our target.

Record Quarter Meets a CEO Warning Broadcom has fallen 10.28% over the past week and 1.86% year to date. It stands about 31.5% below its $493.28 52-week high and about 16.9% above its $288.95 low.

On October 12, CEO Hock Tan warned that many AI investors don’t understand what they’re buying, and chip stocks slid on the comment across the sector. He also named capital as the biggest constraint on AI growth.

The business keeps getting stronger. Fiscal third-quarter revenue rose 85.5% to $29.591 billion, ahead of the $29.44 billion consensus. EPS came in at $3.32 against a $3.2382 estimate, and AI semiconductor revenue reached $16.7 billion, up 221%. For the fourth quarter, Broadcom guided to $34.8 billion in revenue.

Why Bulls See $535 Within Reach Management outlined AI revenue of about $115 billion in fiscal 2027 and $230 billion in fiscal 2028. Tan said Broadcom is “very much on target to exceed $30 in earnings per share in fiscal 2028.”

A long-term Google agreement covers “multi-tens of billions of dollars of TPUs annually,” and OpenAI expects to deploy 1.3 gigawatts of its Broadcom-built accelerator in 2027.

The bull case of $535.21 about matches the consensus, which is supported by 7 Strong Buy and 40 Buy ratings against 3 Holds.

Power, Land and Margin Mix Could Slow the AI Ramp A handful of hyperscalers drive XPU demand, which makes customer concentration a real risk. Tan called land, power and data-center shells “a big concern” for deployment timing. Fourth-quarter gross margin is guided to about 73% because memory-heavy chips reduce the mix.

On the other hand, operating margin hit 67.9%, and Amie Thuener told investors to focus there. The bear case stands at $371.58, still above the reference price.

How Broadcom Stacks Up Against NVIDIA and Marvell NVIDIA is the benchmark for AI compute. Its revenue grew 105.85% to $96.22 billion, and its P/E is about 45x, close to Broadcom’s 44x. Both stocks has similar trailing multiples, and Broadcom’s AI growth is accelerating faster (we reverse-engineered what the biggest AI chip winners looked like early in a free playbook you can grab here). So the target looks reasonable.

The closest peer in custom chips and AI networking is Marvell Technology (NASDAQ:MRVL). Revenue rose 36.55%, with a 36.6% non-GAAP operating margin. Broadcom is growing faster at higher margins, so our target looks conservative.

Company Trailing P/E Latest Revenue Growth Broadcom 44x 85.5% NVIDIA 45x 105.85% Marvell N/A 36.55% Broadcom Earns a Buy Rating at $419.38 The 24/7 Wall St. price target of $419.38 has a buy rating and 90% confidence. The key factor is a forward multiple near 19x on AI growth that is still accelerating.

The bull thesis improves if AI revenue keeps tracking toward $115 billion in fiscal 2027. Power and data-center delays that push deployments out would hurt the thesis. At current levels, there is more upside than downside in the model.

These are our base-case targets, assuming current growth trends continue.

Year 24/7 Wall St. Price Target 2026 $419.38 2027 $462.26 2028 $509.53 2029 $561.62 2030 $619.05 Broadcom needs to keep executing on its custom accelerator roadmap for these projections to hold. Prices could land well above or below this path depending on how quickly hyperscalers spend and how fast supply expands.

Contact [email protected] for any questions or corrections.

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

The earnings report, which is expected to be released on October 27, 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 equipment manufacturer for the transportation, power, food and construction industries is expected to post quarterly earnings of $2.99 per share in its upcoming report, which represents a year-over-year change of +6.4%.

Revenues are expected to be $4.26 billion, up 5% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 1.14% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

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

Price, Consensus and EPS Surprise

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

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

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

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

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

How Have the Numbers Shaped Up for Illinois Tool Works?For Illinois Tool Works, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.52%.

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

So, this combination makes it difficult to conclusively predict that Illinois Tool Works 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 Illinois Tool Works would post earnings of $2.8 per share when it actually produced earnings of $2.84, delivering a surprise of +1.43%.

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.

Illinois Tool Works 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 Manufacturing - General Industrial industry, Crane (CR - Free Report) , is soon expected to post earnings of $1.81 per share for the quarter ended September 2026. This estimate indicates a year-over-year change of +10.4%. This quarter's revenue is expected to be $738.09 million, up 25.3% from the year-ago quarter.

Over the last 30 days, the consensus EPS estimate for Crane has been revised 0.1% down to the current level. Nevertheless, the company now has an Earnings ESP of +0.86%, reflecting a higher Most Accurate Estimate.

This Earnings ESP, combined with its Zacks Rank #3 (Hold), suggests that Crane 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.

Key Takeaways CVS Aetna has the fewest services requiring prior authorization, about half as many as its nearest rival.CVS Aetna approves 77% of electronic prior authorizations in real time, targeting more than 80% by year-end.CVS expanded bundled cancer authorizations to all cancer types for eligible Medicaid members on Sept. 1. CVS Health (CVS - Free Report) is working to make health care easier to navigate. The company’s insurance arm, Aetna, has the fewest medical services subject to prior authorization, about half as many as its nearest competitor. More than 95% of all eligible prior authorizations are approved within 24 hours, with many approved instantly. Aetna currently approves 77% of electronic prior authorizations in real time and expects to exceed 80% by year-end.

Administrative burden remains a significant challenge for healthcare providers. In Aetna's latest survey, 74% of respondents identified it as the top challenge facing clinical staff. Prior authorization management alone accounted for the biggest administrative burden for 31% of respondents. By streamlining approvals, Aetna aims to give clinicians more time to focus on patient care.

Aetna introduced bundled prior authorizations last year to cover multiple tests and treatments under a single request. The program started with lung, breast and prostate cancer screenings and interventions. It later expanded to certain musculoskeletal procedures, including X-rays, knee arthroplasty surgical procedures, anti-nausea and non-opioid pain medications, inpatient admission, infection control and durable medical equipment. The insurer has also started bundling authorizations for in vitro fertilization (IVF)-related prescriptions and medical procedures.

As of Sept. 1, Aetna expanded bundled prior authorizations to all cancer types for members in eligible Medicaid states. Nearly 25% of eligible members received a bundled authorization during the initial rollout, allowing services to be approved in advance and helping speed access to care. The bundles combine medical oncology, including chemotherapy and immunotherapy where appropriate, and/or radiation oncology with advanced imaging, such as MRI and CT scans, in a single request submitted through one portal.

Aetna plans to extend the program across all lines of business in 2027, with Medicare and Commercial members expected to become eligible in the first half of the year.

Updates From CVS PeersHumana (HUM - Free Report) has entered into a new joint venture agreement with funds and accounts managed by HPS Investment Partners, part of BlackRock, to manage and operate nearly 150 existing CenterWell Senior Primary Care clinics. The clinics currently operate under joint ventures owned by funds affiliated with WCAS and CenterWell. Under the new arrangement, BlackRock will hold a majority stake, while CenterWell will retain a minority interest. The venture will replace the existing partnerships that helped scale CenterWell into the nation’s largest senior-focused value-based primary care provider over the past seven years. The new structure is expected to give Humana access to additional growth capital and improve its financial flexibility.

The Cigna Group (CI - Free Report) announced a collaboration with OpenAI to enhance outcomes for patients with complex health conditions. The partnership will bring OpenAI’s frontier reasoning capabilities into clinical workflows and customer experiences across The Cigna Group ecosystem to deliver more personalized support. The initial focus will be cancer care, with new capabilities designed to identify emerging patient needs earlier, personalize assistance and strengthen care coordination throughout treatment. The collaboration is expected to expand over time, creating a broader range of health intelligence capabilities for patients with various medical conditions.

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

The earnings report, which is expected to be released on October 27, 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 paint and coatings maker is expected to post quarterly earnings of $2.13 per share in its upcoming report, which represents no change from the year-ago quarter.

Revenues are expected to be $4.28 billion, up 4.7% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.42% 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 PPG Industries?For PPG Industries, 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 -1.71%.

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

So, this combination makes it difficult to conclusively predict that PPG Industries 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 PPG Industries would post earnings of $2.26 per share when it actually produced earnings of $2.23, delivering a surprise of -1.33%.

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

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

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

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

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

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

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 27. 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 mining company is expected to post quarterly earnings of $0.75 per share in its upcoming report, which represents a year-over-year change of +50%.

Revenues are expected to be $7.09 billion, up 1.6% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 4.73% 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 Freeport-McMoRan?For Freeport-McMoRan, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +2.60%.

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

So, this combination indicates that Freeport-McMoRan will most likely beat the consensus EPS estimate.

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

For the last reported quarter, it was expected that Freeport-McMoRan would post earnings of $0.62 per share when it actually produced earnings of $0.74, delivering a surprise of +19.35%.

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.

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

Expected Results of an Industry PlayerFreeport-McMoRan (FCX - Free Report) , another stock in the Zacks Mining - Non Ferrous industry, is expected to report earnings per share of $0.75 for the quarter ended September 2026. This estimate points to a year-over-year change of +50%. Revenues for the quarter are expected to be $7.09 billion, up 1.6% from the year-ago quarter.

The consensus EPS estimate for Freeport-McMoRan has been revised 4.7% higher over the last 30 days to the current level. However, a higher Most Accurate Estimate has resulted in an Earnings ESP of +2.60%.

When combined with a Zacks Rank of #2 (Buy), this Earnings ESP indicates that Freeport-McMoRan 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.

Iridium Communications (IRDM - Free Report) came out with quarterly earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.35 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +31.03%. A quarter ago, it was expected that this satellite phone company would post earnings of $0.26 per share when it actually produced earnings of $0.19, delivering a surprise of -26.92%.

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

Iridium, which belongs to the Zacks Satellite and Communication industry, posted revenues of $245.73 million for the quarter ended September 2026, surpassing the Zacks Consensus Estimate by 2.04%. This compares to year-ago revenues of $226.93 million. The company has topped consensus revenue estimates two 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.

Iridium shares have added about 154.2% since the beginning of the year versus the S&P 500's gain of 12.4%.

What's Next for Iridium?While Iridium 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 Iridium 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 $0.29 on $236.96 million in revenues for the coming quarter and $0.87 on $922.04 million 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, Satellite and Communication is currently in the top 15% 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, Gilat Satellite (GILT - Free Report) , is yet to report results for the quarter ended September 2026. The results are expected to be released on November 10.

This satellite broadband communications company is expected to post quarterly earnings of $0.17 per share in its upcoming report, which represents a year-over-year change of -10.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Gilat Satellite's revenues are expected to be $126.2 million, up 7.2% from the year-ago quarter.

Key Takeaways Fortinet's combined SASE Firewall business grew 34% to more than $2 billion in second-quarter 2026.Unified SASE billings rose 35%, while FortiSASE billings more than doubled, fueling growth momentum.Fortinet raised its 2026 revenue outlook to $8.02-$8.18 billion, with non-GAAP EPS view of $3.41-$3.47.
Fortinet (FTNT - Free Report) is gaining traction with its push to converge firewall and secure access service edge (SASE) technologies, positioning the stock for upside. At its SASE Summit 2026, highlighted on Oct. 8, the company outlined how its Unified SASE platform is evolving to secure AI applications and autonomous agents alongside human users.

Fortinet is addressing sovereignty demands through FortiSASE Outpost, which extends inspection and enforcement to on-premises and colocation sites under centralized cloud management, and FortiSASE Sovereign, a private SASE model that customers or service providers can run on their infrastructure.

This builds on the FortiGate 1200G series launched with FortiSASE Outpost in July, which combines ASIC-powered local enforcement with cloud-delivered security. The strategy is showing up in results. In second-quarter 2026, the combined SASE Firewall business, spanning Secure Networking and Unified SASE, grew 34% to more than $2 billion. Unified SASE billings rose 35%, while FortiSASE billings more than doubled. Billings jumped 33% year over year to $2.37 billion, and revenues climbed 26% to $2.05 billion, exceeding the high end of guidance.

Fundamentals reinforce the outlook. Product revenues surged 52% to $773 million, with management expecting attached services to boost service revenue growth in the second half. Meanwhile, the non-GAAP operating margin hit a second-quarter record of 38%.

Backed by this momentum, Fortinet raised its 2026 outlook and now expects revenues of $8.02-$8.18 billion, implying 19% growth, billings of $9.35-$9.55 billion and service revenues of $5.18-$5.22 billion. Non-GAAP operating margin is projected at 35-37%, with non-GAAP EPS of $3.41-$3.47. For the third quarter, it expects revenues of $2.01-$2.10 billion, billings of $2.25-$2.35 billion and non-GAAP EPS of 83-87 cents.

With SASE emerging as a growth engine and guidance pointing to sustained billings strength, Fortinet appears well placed to extend its momentum, paving the way for the stock to reach new highs.

How Fortinet Stacks Up Against PANW and ZS in SASEFortinet faces competition in SASE from Palo Alto Networks (PANW - Free Report) and Zscaler (ZS - Free Report) . Palo Alto Networks’ Next-Generation Security ARR, which includes SASE, grew 63% to $9.10 billion in fiscal fourth-quarter 2026, while SASE competitive displacements totaled about $450 million for the fiscal year.

Palo Alto Networks expects fiscal 2027 NGS ARR of $11.08-$11.18 billion. Zscaler, a cloud-native zero-trust provider, grew ARR 25% to $3.77 billion in the same quarter and ended with more than 950 Zero Trust Everywhere enterprises. Zscaler projects fiscal 2027 ARR of $4.40-$4.43 billion. Unlike Zscaler’s cloud-delivered approach, Fortinet offers on-premises, hybrid and sovereign SASE deployments.

FTNT’s Share Price Performance, Valuation & EstimatesFortinet shares have gained 116% in the year-to-date period, outperforming the Zacks Security industry and the broader Computer and Technology sector’s growth of 81.8% and 15.8%, respectively.

FTNT’s Price Performance
Image Source: Zacks Investment Research

From a valuation standpoint, FTNT appears overvalued, trading at a forward 12-month price-to-earnings ratio of 45.52, higher than the sector's average of 19.44. The company carries a Value Score of F.

FTNT’s Valuation
Image Source: Zacks Investment Research

The Zacks Consensus Estimate for Fortinet’s earnings is pegged at $3.45 per share for 2026, which implies year-over-year growth of 25%.

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

Devon Energy (DVN - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.

Over the past month, shares of this oil and gas exploration company have returned +7%, compared to the Zacks S&P 500 composite's +0.7% change. During this period, the Zacks Oil and Gas - Exploration and Production - United States industry, which Devon Energy falls in, has gained 5.8%. The key question now is: What could be the stock's future direction?

While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.

Revisions to Earnings EstimatesHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.

Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.

Devon Energy is expected to post earnings of $1.22 per share for the current quarter, representing a year-over-year change of +17.3%. Over the last 30 days, the Zacks Consensus Estimate has changed +5.4%.

For the current fiscal year, the consensus earnings estimate of $5.4 points to a change of +37.8% from the prior year. Over the last 30 days, this estimate has changed +2.3%.

For the next fiscal year, the consensus earnings estimate of $5.28 indicates a change of -2.1% from what Devon Energy is expected to report a year ago. Over the past month, the estimate has changed +4.6%.

Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Devon Energy is rated Zacks Rank #2 (Buy).

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Projected Revenue GrowthWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.

For Devon Energy, the consensus sales estimate for the current quarter of $7.33 billion indicates a year-over-year change of +69.3%. For the current and next fiscal years, $26.02 billion and $28.22 billion estimates indicate +51.4% and +8.5% changes, respectively.

Last Reported Results and Surprise HistoryDevon Energy reported revenues of $7.42 billion in the last reported quarter, representing a year-over-year change of +73.1%. EPS of $1.57 for the same period compares with $0.84 a year ago.

Compared to the Zacks Consensus Estimate of $6.3 billion, the reported revenues represent a surprise of +17.76%. The EPS surprise was +20.77%.

The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period.

ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.

While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.

As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Devon Energy is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Devon Energy. However, its Zacks Rank #2 does suggest that it may outperform the broader market in the near term.

Halliburton Company (NYSE:HAL, XETRA:HAL), the oilfield services provider, expects revenue to grow at a mid-single-digit rate in 2027 and operating margins to reach about 15%, an improvement of roughly 2 percentage points.

Chief executive Jeff Miller said the outlook assumes a flat North American market and does not require a recovery in hydraulic fracturing, the process of extracting oil and gas from underground rock.

Miller expects efforts to restore energy production, rebuild inventories and strengthen energy security to support multi-year demand growth for oilfield services.

The outlook follows third-quarter revenue of $5.7 billion, which was broadly unchanged from the previous quarter, while adjusted earnings per share rose to $0.60 from $0.55.

Net income attributable to Halliburton fell to $417 million from $534 million in the second quarter, while adjusted net income increased to $501 million from $461 million.

Operating income declined to $624 million from $778 million, although adjusted operating income, which excludes impairments and other charges, rose to $731 million from $683 million.

Regional performance highlighted the growing importance of international markets, with Middle East and Asia revenue increasing 8% sequentially to $1.4 billion.

North American revenue fell 5% to $2.2 billion, primarily because of lower pressure pumping activity, while international revenue increased 3% to $3.5 billion.

Halliburton's drilling and evaluation division reported a 4% revenue increase to $2.6 billion and a 16% rise in operating income to $391 million.

Its completion and production division recorded a 4% decline in revenue to $3.1 billion and a 4% fall in operating income to $457 million, reflecting weaker stimulation activity in the Western Hemisphere.

Cash flow from operations reached $368 million during the quarter, while free cash flow totalled $156 million and share repurchases amounted to approximately $250 million.

Halliburton also recognised $107 million in pre-tax charges, primarily related to severance costs from a global workforce restructuring and inventory write-down.

Key Takeaways JBLU is set to report Q3 earnings on Oct. 27 amid elevated fuel costs & persistent operating pressures.JetBlue expects Q3 fuel prices of $3.49 per gallon and CASM ex-fuel growth of 2.5-4.5% year over year.JetBlue's $8.48B debt burden and operational disruptions may further weigh on its Q3 profitability. JetBlue Airways Corporation (JBLU - Free Report) is scheduled to release third-quarter 2026 results on Oct. 27, before the market opens.

The airline exits the September-end quarter amid elevated fuel costs, continued non-fuel expense pressure and operational challenges. Although demand remained resilient, higher fuel prices, labor and maintenance expenses and air-traffic-control constraints are likely to have weighed on profitability.

The Zacks Consensus Estimate for JBLU’s third-quarter 2026 loss per share has widened in the past 60 days to 52 cents from 41 cents. The Zacks Consensus Estimate for JBLU’s third-quarter 2026 revenues is pegged at $2.82 billion, indicating 21.54% growth year over year.

JBLU has a discouraging earnings surprise history, having outperformed the Zacks Consensus Estimate in two of the preceding four quarters, and missing twice in the remaining two, with the average miss being 4.26%.

Factors Likely to Have Influenced JBLU’s Q3 PerformanceElevated Fuel Costs: Higher fuel expenses are likely to have remained a major headwind for JetBlue. The company had expected an average third-quarter fuel price of $3.49 per gallon. Management noted that it had recaptured nearly 50% of higher fuel costs and expected further progress, suggesting that fuel inflation had still not been fully offset during the quarter.

Non-Fuel Cost Pressure: Rising operating expenses are also likely to have hurt the bottom line. JetBlue had guided for third-quarter CASM ex-fuel growth of 2.5-4.5% year over year. Labor, maintenance and other operating expenses are likely to have remained important cost pressures as the airline continues investing in its operations and JetForward initiatives. The company's filings also highlight increased maintenance costs associated with fleet age and higher salaries, wages and benefits as ongoing risks.

Operational Challenges: Operational disruptions may have further pressured results. Management described July as operationally challenging because of weather, air-traffic-control staffing constraints and other disruptions. The company's third-quarter outlook had assumed completion factors would return to historical levels during the balance of the quarter, leaving execution dependent on improved operating conditions.

High Interest Burden: JetBlue’s sizable debt load continues to constrain earnings. As of June 30, 2026, the company had about $8.48 billion of debt and finance lease obligations, while its full-year outlook contemplated approximately $590 million of interest expense. The elevated financing burden is likely to have remained a drag on the bottom line.

What Our Model Says About JBLUOur proven model does not conclusively predict an earnings beat for JetBlue this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the case here.

JetBlue has an Earnings ESP of -6.22% and a Zacks Rank #4 (Sell) at present. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.

JBLU's Q2 HighlightsJetBlue Airways reported a second-quarter 2026 loss of 66 cents per share, narrower than the Zacks Consensus Estimate of a loss of 70 cents. The result marked a 5.7% earnings surprise, though the loss widened from a year ago.

Operating revenues of $2.7 billion beat the consensus estimate by 0.1% and rose 14.5% year over year. Strong demand and commercial execution lifted revenue per available seat mile, or RASM, 10.9%.

Stocks to ConsiderHere are a few stocks from the broader Zacks Transportation sector that investors may consider, as our model shows that they have the right combination of elements to beat on earnings this reporting cycle.

Old Dominion Freight Line (ODFL - Free Report) has an Earnings ESP of +0.25% and a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

ODFL is scheduled to report third-quarter 2026 earnings on Oct. 28. The Zacks Consensus Estimate for third-quarter 2026 earnings has been revised upward by 0.63% over the past 60 days. The company’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, with the average beat being 6.71%.

Kirby Corporation (KEX - Free Report) has an Earnings ESP of +1.87% and a Zacks Rank #3 at present. KEX is scheduled to report third-quarter 2026 earnings on Oct. 28.

The Zacks Consensus Estimate for third-quarter 2026 earnings has been revised upward by 0.51% to $1.96 per share over the past 60 days. KEX’s earnings beat the Zacks Consensus Estimate in three of the preceding four quarters and met the mark on the other occasion. The average beat is 2.86%.  

, /PRNewswire/ -- Toyota Motor North America's Hydrogen Headquarters (H2HQ) division is making steady progress in fueling improvements for heavy-duty fuel cell trucks as it works to bring these advancements to Toyota's commercial fleets in the U.S.

Toyota Achieves Heavy-Duty Hydrogen Truck Milestones

Toyota recently installed two mobile hydrogen fueling devices at North American Parts Center California (NAPCC), its largest parts distribution facility in the U.S. With the tanks and fuel ready, Toyota's commercial logistics fleets plan to use the mobile fuelers to support Toyota operations by fueling heavy-duty fuel cell trucks hauling freight from the Port of Los Angeles to Ontario, and throughout the region. A permanent station is planned to be built on location.

The station will initially fuel heavy-duty trucks commissioned through Hyroad Energy and will later integrate heavy-duty trucks with Toyota's own certified fuel cell powertrain.

Toyota and National Lab of the Rockies Complete Milestone Filling
In a public-private partnership, Toyota is collaborating with the U.S. Department of Energy's National Laboratory of the Rockies (NLR) in Golden, Colorado, to research several initiatives, including 70 MPa high-flow hydrogen fueling for heavy-duty trucks.

High-flow fueling allows trucks to accept hydrogen fuel at speeds up to 300g/s, or about five times faster than the rate of conventional light-duty fueling technology. It allows heavy-duty trucks to carry energy into the vehicle at an equivalent speed of a 20 MW fast charger. Refueling times are comparable to modern diesel-powered, heavy-duty trucks. Unlike a diesel powertrain, however, fuel cells emit only water.  

Toyota and NLR engineers and researchers have performed multiple rounds of testing per SAE J2601-5 standards, successfully demonstrating that Toyota-powered heavy-duty trucks can be refueled in about eight minutes for a range of up to 450 miles.

Production Toyota-powered trucks are expected to hit the open road for commercial operations in 2027.

Building the Next Generation of Hydrogen Fueling
Over the next several months, Toyota aims to upgrade its private fueling infrastructure at its H2HQ to the same high-flow standard for testing heavy-duty vehicles. It also plans to install new equipment for light passenger fuel cell electric vehicles in order to evaluate station hardware and share insights intended to improve operations and reliability.

When the publicly available permanent station at NAPCC goes online, Toyota plans to provide conventional and high-flow hydrogen fueling for heavy-duty trucks, along with a separate area for fueling light-duty vehicles.

Toyota continues to develop and refine fuel cell technologies for heavy-duty vehicles, commercial applications, stationary power generation and light-duty passenger vehicles, including supporting past, current and future vehicle development.

About Toyota Hydrogen Headquarters (H2HQ)
Toyota Hydrogen Headquarters (H2HQ) is the lead office in North America for the development, engineering, commercialization and business operations of Toyota's hydrogen fuel cell technologies. Based in Gardena, California, H2HQ works collaboratively with Toyota's R&D offices in Michigan and Texas, as well as business units in Japan and internationally, to create zero-emissions fuel cell technologies that enable energy independence, innovation and the movement of people, goods, energy and information.

For more information about Toyota, visit Toyota Hydrogen Headquarters (H2HQ) – Toyota USA Newsroom. 

About Toyota
Toyota (NYSE: TM) has been a part of the cultural fabric in North America for nearly 70 years, and is committed to advancing sustainable, next-generation mobility through our Toyota and Lexus brands, plus our more than 1,800 dealerships.

Toyota directly employs nearly 64,000 people in North America who have contributed to the design, engineering, and assembly of over 50 million cars and trucks at our 14 manufacturing plants. In 2025, Toyota's plant in North Carolina began to assemble automotive batteries for electrified vehicles.

For more information about Toyota, visit www.ToyotaNewsroom.com.

Media Contact
Jacob Brown
[email protected]

SOURCE Toyota Motor North America

Crypto traders have been buying and selling on Sunday mornings for more than a decade. Wall Street still keeps banker's hours, with the main trading session ending at 4 p.m. and weekends off.

Nasdaq (NDAQ +1.54%) CEO Adena Friedman wants to change that. Speaking at the TOKEN2049 conference in Singapore this month, she was refreshingly candid about who got there first.

"The retail ecosystem, as we know, has been kind of 10 years ahead," she told CNBC's Joanna Ossinger.

Ten years is a long head start. Nasdaq's catch-up plan begins on Dec. 6, when it starts trading U.S. stocks 23 hours a day, five days a week. The full 24/7 version is a much bigger project, and Friedman made it clear that the exchange itself is the easy part. The hard part is everything that comes after it.

NDAQ Nasdaq$94.64+$1.44 (+1.54%)

NASDAQ · As of 10:58 AM ET 10/20/26

A harbor that never closes Picture a busy harbor that has always shut down overnight. The crews go home, the cranes get serviced, and the paperwork catches up before sunrise. Now imagine ships arriving around the clock. Every crane, tugboat, and customs desk suddenly needs a night shift.

That's roughly what Friedman described. Banks and brokers have relied on closed hours to patch systems, run batch processing, and tidy up risk calculations. In an always-on market, that downtime disappears.

"Everything has to be real-time, all the time," she said, nearly quoting a couple of A24 movie titles.

That includes money. If a trade happens in the middle of Saturday night, the cash has to move at that point, too. Traditional bank wires don't keep those always-on hours.

Image source: Getty Images.

Meet the most boring hero in crypto Tokenization turns real-world assets, from dollars to Treasury bonds, into digital tokens on a blockchain ledger. Those tokens can change hands in seconds, at any hour. Friedman sees a two-step path to making this work at scale: tokenize the money first, then everything else.

In practice, tokenized money means stablecoins. A dollar stablecoin is about as thrilling as a feather pillow. It's supposed to be worth a dollar today, tomorrow, and at 3 a.m. on Saturday. That dullness is the whole job description.

Friedman put it more elegantly: "If we can tokenize money, then we can tokenize the flow of capital."

Step two is tokenizing the collateral banks pledge to back their trades. With stablecoins on one side and tokenized assets on the other, that collateral can move as fast as the trades themselves. Beyond basic cash, think Treasuries, stocks, and money market funds. Friedman said that could free up "tens and tens of billions of dollars of capital" now stuck in collateral pools. That's bank capital getting a second job rather than a crypto windfall, but it's still a lot of money.

She also gave credit to the GENIUS Act for getting the ball rolling. The 2025 stablecoin law set the "rules of the road," as she put it, and big institutions started paying attention.

The law isn't fully in force yet. It takes effect on Jan. 18, 2027, or 120 days after final rules are issued, whichever comes first, and no final rule arrived early enough to beat the January date.

CRCL Circle Internet Group$86.31+$4.94 (+6.07%)

NYSE · As of 10:58 AM ET 10/20/26

Wall Street is trying on crypto's glove Here's the part crypto investors might find less exciting. Friedman doesn't expect traditional finance to adopt the entire crypto playbook. Mainstream markets already have tools like margin and net settlement. Therefore, tokenization "might look a little different than how the crypto ecosystem works today," Friedman said.

In other words, Wall Street is shopping crypto's store for accessories, not a new outfit. Stablecoin settlement and round-the-clock trading might be the glove that fits; the rest can stay on the rack for now.

The legislative side tells a similar story. Friedman mentioned what might happen "if the Clarity Act ever gets approved." That word "ever" is doing some heavy lifting. The broader crypto market-structure bill failed a Senate procedural vote in September amid fights over ethics rules and over whether stablecoin holders should earn interest-like rewards. The GENIUS Act is the law of the land and is in the process of implementation; the Clarity Act is still more of a wish list.

So who wins? Stablecoins won't make anyone rich directly. Popular stablecoin USDC (USDC -0.01%) is worth a dollar today, and if all goes well, it'll be worth a dollar next year, too.

The more interesting question is who owns the pipes. Circle Internet Group (CRCL +6.07%) collects interest on the reserves behind USDC, so more circulation means more income. Visa (V +1.28%) already settles some card payments in stablecoins. And Friedman's Nasdaq does double duty, operating its own markets and licensing its trade infrastructure technology to 135 other market operators and regulators, plus hundreds of brokers and banks.

Meanwhile, I wouldn't count on Wall Street's tokenization push to boost crypto across the board. If Friedman is right, banks will adopt stablecoins and tokenized collateral on their own terms, and the companies running those pipes will collect the fees.

Have you been paying attention to shares of Permian Resources (PR - Free Report) ? Shares have been on the move with the stock up 12.9% over the past month. The stock hit a new 52-week high of $24.92 in the previous session. Permian Resources has gained 76.8% since the start of the year compared to the 40.5% move for the Zacks Oils-Energy sector and the 35.4% return for the Zacks Oil and Gas - Exploration and Production - United States industry.

What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, having beaten the Zacks Consensus Estimate in each of the last four quarters. In its last earnings report on August 5, 2026, Permian Resources reported EPS of $0.69 versus consensus estimate of $0.56.

For the current fiscal year, Permian Resources is expected to post earnings of $2.37 per share on $6.84 in revenues. This represents a 65.73% change in EPS on a 35.12% change in revenues. For the next fiscal year, the company is expected to earn $2.54 per share on $7.05 in revenues. This represents a year-over-year change of 7.4% and 3.04%, respectively.

Valuation MetricsThough Permian Resources has recently hit a 52-week high, what is next for Permian Resources? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.

On this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. Investors should consider the style scores a valuable tool that can help you to pick the most appropriate Zacks Rank stocks based on their individual investment style.

Permian Resources has a Value Score of C. The stock's Growth and Momentum Scores are B and B, respectively, giving the company a VGM Score of B.

In terms of its value breakdown, the stock currently trades at 10.5X current fiscal year EPS estimates, which is a premium to the peer industry average of 9.6X. On a trailing cash flow basis, the stock currently trades at 6.4X versus its peer group's average of 5.2X. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.

Zacks RankWe also need to consider the stock's Zacks Rank, as this supersedes any trend on the style score front. Fortunately, Permian Resources currently has a Zacks Rank of #1 (Strong Buy) thanks to a solid earnings estimate revision trend.

Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Permian Resources meets the list of requirements. Thus, it seems as though Permian Resources shares could have potential in the weeks and months to come.

How Does PR Stack Up to the Competition?Shares of PR have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is Northern Oil and Gas, Inc. (NOG - Free Report) . NOG has a Zacks Rank of #2 (Buy) and a Value Score of A, a Growth Score of D, and a Momentum Score of A.

Earnings were strong last quarter. Northern Oil and Gas, Inc. beat our consensus estimate by 10.78%, and for the current fiscal year, NOG is expected to post earnings of $3.82 per share on revenue of $2.37 billion.

Shares of Northern Oil and Gas, Inc. have gained 16.7% over the past month, and currently trade at a forward P/E of 7.27X and a P/CF of 2.12X.

The Oil and Gas - Exploration and Production - United States industry is in the top 14% of all the industries we have in our universe, so it looks like there are some nice tailwinds for PR and NOG, even beyond their own solid fundamental situation.

1inch adds 450+ Ondo tokenized US stocks and ETFs on Solana, using Fusion RFQ matching for MEV-resistant execution of assets backed 1:1 by regulated custody.

@1inch has added more than 450 tokenized public stocks and ETFs from @OndoFinance to its Solana routing, giving users on the @Solana network access to tokenized equity trading through the 1inch ecosystem. The integration uses 1inch Fusion's RFQ matching protocol and the company's consumer apps to deliver MEV-resistant execution for tokenized assets backed 1:1 by shares held in regulated custody.

How the integration worksOndo's tokens are designed to mirror the underlying securities. According to Ondo's legal documentation, the tokens are fully backed on a 1:1 basis, plus a buffer, by securities held through a regulated custodial broker-dealer, along with cash in transit. Ondo's documentation also states that the structure is a note issued by a bankruptcy-remote special purpose vehicle in the British Virgin Islands.

Holders should note the legal distinction. MetaMask's explainer on Ondo Stocks says the tokens give economic exposure to an asset's price and total return, including reinvested dividends, rather than legal ownership. It adds that equities are held via US-registered broker-dealer Alpaca Markets and verified through independent attestations from Ankura Trust.

Ondo's tokens are aimed at users outside the US. Ondo has said its tokenized stocks are available from anywhere outside the US, subject to jurisdictional and other restrictions, and that mints and redemptions are aligned with market hours while transfers can happen at any time.

Ondo's growth on Solana1inch is not new to the Ondo ecosystem. At the platform's September 2025 launch, The Block reported that 1inch had upgraded its Swap API to give access to the tokenized assets through its dapp, wallet and partner platforms in eligible jurisdictions.

Ondo then expanded to Solana. Ondo said in a post on Solana's website that users could access more than 200 tokenized US stocks and ETFs on the network at launch, including NVDA, AAPL, META, SPY and QQQ. The platform has since been renamed Ondo Stocks. Genfinity reported that the rebrand followed TVL passing $1 billion and the catalog growing above 438 assets.

The 1inch integration brings that catalog into a DEX routing environment. For traders, the pitch is tighter pricing and protection from MEV, the practice of reordering or inserting transactions to extract value, on assets that track traditional equity markets. As with all tokenized securities, access depends on local eligibility rules, and the tokens do not carry the same rights as shares held directly.

Sources:

Ondo Finance: Legal and Regulatory documentationMetaMask: What is Ondo Stocks?Solana: Ondo Global Markets on Solana

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

The earnings report, which is expected to be released on October 27, 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 solar technology company is expected to post quarterly earnings of $0.47 per share in its upcoming report, which represents a year-over-year change of -47.8%.

Revenues are expected to be $303.72 million, down 26% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 10.59% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

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

Price, Consensus and EPS Surprise

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

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

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

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

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

How Have the Numbers Shaped Up for Enphase Energy?For Enphase Energy, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +10.27%.

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

So, this combination makes it difficult to conclusively predict that Enphase Energy 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 Enphase Energy would post earnings of $0.46 per share when it actually produced earnings of $0.46, delivering no surprise.

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

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

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

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

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

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

The earnings report, which is expected to be released on October 27, 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 truck maker is expected to post quarterly earnings of $1.61 per share in its upcoming report, which represents a year-over-year change of +43.8%.

Revenues are expected to be $7.56 billion, up 23.9% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.12% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

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

Price, Consensus and EPS Surprise

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

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

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

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

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

How Have the Numbers Shaped Up for Paccar?For Paccar, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +1.04%.

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

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

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

For the last reported quarter, it was expected that Paccar would post earnings of $1.33 per share when it actually produced earnings of $1.43, delivering a surprise of +7.52%.

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.

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

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

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

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 27. On the other hand, if they miss, the stock may move lower.

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

Zacks Consensus EstimateThis company is expected to post quarterly earnings of $0.38 per share in its upcoming report, which represents a year-over-year change of -26.9%.

Revenues are expected to be $1.75 billion, down 0.1% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 2.22% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

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

Price, Consensus and EPS Surprise

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

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

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

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

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

How Have the Numbers Shaped Up for EQT?For EQT, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.08%.

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

So, this combination makes it difficult to conclusively predict that EQT 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 EQT would post earnings of $0.41 per share when it actually produced earnings of $0.39, delivering a surprise of -4.88%.

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

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

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

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

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

When a stock beaten down to a fraction of its former highs suddenly sees a noticeable jump in options trading, it can mean a structural shift is coming.

EHang Today

$3.62 +0.07 (+1.86%)

As of 11:03 AM Eastern

This is a fair market value price provided by Massive. Learn more.

$3.49▼

$19.01$6.70

EHang Holdings Limited NASDAQ: EH has absorbed a steep year-to-date decline, and its market capitalization now sits around $270 million. Yet, a recent 160% jump in unusual call options activity suggests smart money is quietly positioning for a pivot.

With a large portion of the float locked up by institutions, and short sellers trapped by an outsized days-to-cover ratio, the stock is tightly coiled and primed for a sharp move. And now, a string of international regulatory developments could provide the spark needed to ignite a surge in volatility.

Get EHang alerts:

Rerouting the Flight Path to Sovereign SandboxesAutonomous aircraft are navigating a complicated transition from a regulatory purgatory to commercial viability. For EHang, delays from Chinese regulators forced it to pull its 2026 revenue forecast. The market reacted harshly to this uncertainty, stripping away the premium valuation EHang once commanded. Management has responded by aggressively pivoting toward international commercialization, aiming to turn a local setback into a global operation.

Recent deployments highlight the speed of this shift. EHang launched its Global Fast Track Program in Vietnam, partnering with Hanoi authorities to develop a test zone for low-altitude flight. Around the same time, its EH216-S aircraft completed its first public flight in Hong Kong as part of a special regulatory program. That move effectively sidesteps mainland red tape and opens the door to a major Asian financial hub. Additional pilotless air taxi certifications and export agreements are moving forward in countries like Sri Lanka.

These international pilot programs are far more than publicity stunts. They form the foundation for future fleet orders and faster regulatory approvals outside mainland China. Establishing an operational proof-of-concept in sovereign sandboxes allows EHang to build a revenue pipeline that doesn't hinge on a single regulator.

In the aerospace sector, flight data from multiple countries is a strong competitive advantage. Collecting flight hours in varied conditions improves the self-flying software and provides safety data that other countries can rely upon when granting their own flight certifications.

A Combustible Cargo: Float Lockups and Call OptionsThe true intrigue lies in how the market is positioned against this offshore progress. Institutions hold roughly 94% of outstanding EHang shares, which severely restricts the actionable public float. When supply is that constrained, any sudden influx of buying pressure can trigger outsized price moves.

Short interest currently sits at about 10.83 million shares, representing nearly 24% of the public float. Because average daily trading volume is depressed, the days-to-cover ratio stands at an extreme 19.5 days. This metric matters because it means short sellers would need almost a full month of trading days at average volume to exit their positions cleanly.

Against this illiquid backdrop, unusual options activity materialized in mid-October. Traders bought a large number of call options, echoing a similar burst of activity recorded in late September. This sudden appetite for upside exposure suggests large investors may be front-running an impending commercial catalyst.

When call buying spikes, market makers often buy the underlying stock to hedge their exposure. In a tightly held float with nearly 20 days to cover, that buying can easily force panicked short sellers to buy shares to cover their positions, creating a rapid feedback loop of upward price pressure. EHang has the classic setup for a short squeeze.

Asymmetric Altitude: Deep Value at the TarmacFrom a fundamental perspective, EHang's valuation looks mispriced. Balance sheet data indicates the company holds approximately $37 million in cash. With a market capitalization of about $270 million and approximately $135 million in cash and investments, EHang holds liquid assets equivalent to roughly half its market value.

Given EHang generated around $72 million in trailing 12-month revenue, the market is pricing its core operations, intellectual property, and international pipeline at a fairly low multiple. Recent operational efficiency is also visible, with EHang posting a narrow earnings beat in the second quarter, reporting a loss of 12 cents per share against a 13-cent loss consensus estimate.

Part of this drag comes from surface-level legal noise. A steady string of class-action investigations initiated by law firms throughout the fall has weighed on EHang. This steady drumbeat of legal headlines has masked EHang's offshore progress and fueled the heavy short-interest buildup.

More broadly, speculative capital has fled flying-taxi stocks this year. Sector peers have felt the pain, with competitor Joby Aviation NYSE: JOBY absorbing a steep year-to-date decline of about 65%.

Joby Aviation, Inc. (JOBY) Price Chart for Tuesday, October, 20, 2026

Yet, the unusual options flows suggest a stealth rotation into EHang. The likely reasons are its insulated cash reserves and a first-mover advantage in winning government-backed test zones. While competitors burn cash waiting for domestic approvals, EHang is making progress towards commercialization in new international markets.

Tracking EHang's Imminent Commercial AscentThe August 2026 guidance withdrawal flushed out retail capital and reset expectations, leaving EHang's stock price at a deep-value floor. The recent, unusual call option volume suggests smart money is actively establishing early long positions ahead of mainstream market recognition. Derivative markets are pricing in an imminent operational breakthrough, whether that takes the form of a definitive overseas fleet order or a final commercial certification in a new jurisdiction.

With the stock heavily shorted and the float dominated by institutional holders, the mechanics for a rapid repricing are in place. Investors might want to monitor the options chain and upcoming regulatory announcements, as EHang appears poised to capitalize on its accelerated overseas pivot. The structural shift from a pure domestic play to a global infrastructure provider is well underway, and the options market strongly suggests a repricing is on the horizon.

Should You Invest $1,000 in EHang Right Now?Before you consider EHang, you'll want to hear this.

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Evernorth, the XRP treasury company backed by Ripple, has hinted at a special announcement at Ripple Swell 2026, taking place in New York City from October 27 to 29.

In a post on X, Evernorth said, “Something special is planned for Ripple Swell 2026,” but did not reveal any details.

The teaser comes ahead of Ripple’s annual conference, where financial institutions, payment companies, regulators, and crypto industry leaders gather to discuss blockchain and digital finance.

Evernorth Joins Ripple Swell 2026 as an Official Partner
Evernorth is an official partner of Ripple Swell 2026, alongside Ondo, RedotPay, SALT Conference, Water, the XRP Ledger Foundation, XRPL Commons, and ZILO. 

The conference will take place at The Shed in Hudson Yards, New York City. This year, Ripple Swell, XRPL Apex, and UBRI Connect will be held together, bringing financial institutions, blockchain developers, and academic researchers under one roof.

Notably, Evernorth went public on Nasdaq this month under the ticker XRPN. The company focuses on holding XRP as a publicly traded treasury firm and is backed by Ripple.

Former Ripple exec Asheesh Birla is Evernorth’s CEO. Ripple CEO Brad Garlinghouse and XRP Ledger co-creator David Schwartz are among its advisors.

What Will Evernorth Announce?
Evernorth has not revealed what it plans to announce at Ripple Swell 2026. It could be a new product, a partnership, or an update to its XRP treasury operations.

Given its focus on XRP and its connection to Ripple, the announcement could involve institutional XRP investments or the wider XRP Ledger ecosystem. 

As the conference approaches, Evernorth’s teaser has added to the excitement around an event focused on traditional finance, digital assets, and blockchain technology.

Something special is planned for @RippleSwell 2026. 🐻

Not investment advice or an offer of securities. Contains forward-looking statements; actual results may differ materially. Risk factors: https://t.co/nmW9NrOrGY pic.twitter.com/H97kPMKM70

— evernorthxrp (@evernorthxrp) October 19, 2026

Ripple Swell Agenda Focuses on XRP Ledger Developments
Meanwhile, Ripple Swell 2026 will cover institutional adoption, tokenization, stablecoins, digital asset management, and the future of the XRP Ledger (XRPL).

One key session, titled “Building What’s Next for XRPL,” will feature David Schwartz and Ripple engineering director Ayo Akinyele on October 28 at 4:30 p.m. ET.

The session will discuss new developments in privacy, artificial intelligence, decentralized finance, scalability, and technology for financial institutions.

Other sessions will explore how AI could automate payments, how real-world assets can be tokenized, and how financial institutions can use blockchain technology.

Ripple will also present updates on payments, stablecoins, treasury management, and the use of XRP.

Speakers from Robinhood, BNY, CME Group, Coinbase Institutional, and other financial and technology companies are also expected to attend.