Track market-moving stories before they get noisy

Uber Technologies (UBER - 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.

Shares of this ride-hailing company have returned -0.2% over the past month versus the Zacks S&P 500 composite's +1.5% change. The Zacks Internet - Services industry, to which Uber belongs, has lost 0.2% over this period. Now the key question is: Where could the stock be headed in the near term?

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 RevisionsRather 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.

We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

Uber is expected to post earnings of $0.94 per share for the current quarter, representing a year-over-year change of -69.8%. Over the last 30 days, the Zacks Consensus Estimate has changed -0.1%.

For the current fiscal year, the consensus earnings estimate of $3.2 points to a change of -39.6% from the prior year. Over the last 30 days, this estimate has changed -0.5%.

For the next fiscal year, the consensus earnings estimate of $4.56 indicates a change of +42.6% from what Uber is expected to report a year ago. Over the past month, the estimate has changed -0.7%.

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 #3 (Hold) for Uber.

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 Uber, the consensus sales estimate for the current quarter of $14.74 billion indicates a year-over-year change of +9.4%. For the current and next fiscal years, $57.91 billion and $66.86 billion estimates indicate +11.3% and +15.5% changes, respectively.

Last Reported Results and Surprise HistoryUber reported revenues of $14.19 billion in the last reported quarter, representing a year-over-year change of +12.2%. EPS of $1.17 for the same period compares with $0.63 a year ago.

Compared to the Zacks Consensus Estimate of $14.21 billion, the reported revenues represent a surprise of -0.13%. The EPS surprise was +40.96%.

Over the last four quarters, Uber surpassed consensus EPS estimates three times. The company topped consensus revenue estimates two 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.

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.

Uber 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 Uber. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.

The US Supreme Court declined on Monday to hear a challenge by Alphabet's Google (GOOGL.O) to a US Patent and ​Trademark Office rule that the company argued has insulated older patents from validity reviews and ‌helped fuel a surge in patent litigation.

The justices turned away Google's appeal of a lower court's decision not to force the agency to reconsider, without using its "settled expectations" rule, the company's challenge to the validity of a patent held by software ​company VirtaMove. VirtaMove accused Google of infringing the patent.

Google asked the Supreme Court to review the "settled ​expectations" policy, under which the patent office's Patent Trial and Appeal Board, or PTAB, ⁠became more likely to reject requests to review patents that have been in force for more than six ​years.

Technology companies often use the board's "inter partes review" process to try to cancel patents that they are accused ​of infringing. The three most active board petitioners between 2020 and 2025 were Samsung, Apple and Alphabet, according to a report from IP company Patexia.

The USPTO during President Donald Trump's administration has introduced measures that have decreased the percentage of reviews the board takes up.

That ​figure fell to 37% in 2026 under John Squires, the Trump appointee who heads the patent office, ​compared to 65% under his predecessor Kathi Vidal, who was appointed by former President Joe Biden, according to an April report ‌from ⁠the agency.

The patent office outlined in a memo last year several factors that favor rejecting an inter partes review petition, which the agency has used to deny review for patents that are more than six years old based on the "settled expectations" of the parties.

The patent office cited the "settled expectations" rule in rejecting Google's review petition ​in 2025 concerning the ​VirtaMove patent involving server ⁠software. The US Court of Appeals for the Federal Circuit ruled against Google's appeal of the patent office rejection.

Google told the justices in a filing that the rule exceeds ​the patent office's authority by creating an artificial time limit for board petitions.

"The ​PTO (Patent and ⁠Trademark Office) has no authority to create a limitations period where Congress did not, and it has no authority to expand patent rights beyond what Congress provided," Google said in the filing.

The Trump administration urged the court not ⁠to hear ​Google's appeal.

A group of companies including Google, Apple and Intel has ​filed a separate lawsuit challenging a related patent office policy. The Federal Circuit ruled against the companies in February, and Intel and Google ​have also asked the Supreme Court to hear that case.

Nicholas Investment Partners LP purchased a new stake in shares of Microsoft Corporation (NASDAQ:MSFT – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 14,182 shares of the software giant’s stock, valued at approximately $5,290,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in shares of Microsoft by 4.0% in the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 229,490 shares of the software giant’s stock valued at $85,604,000 after purchasing an additional 8,773 shares during the period. D.B. Root & Company LLC bought a new stake in Microsoft during the second quarter worth about $3,652,000. Markel Group Inc. grew its stake in Microsoft by 0.4% during the first quarter. Markel Group Inc. now owns 537,630 shares of the software giant’s stock worth $199,014,000 after buying an additional 1,950 shares during the last quarter. Bessemer Group Inc. increased its holdings in shares of Microsoft by 8.4% during the first quarter. Bessemer Group Inc. now owns 6,921,677 shares of the software giant’s stock worth $2,562,197,000 after buying an additional 537,634 shares in the last quarter. Finally, Taylor Securities Services Inc. acquired a new stake in shares of Microsoft during the fourth quarter worth approximately $2,616,000. Institutional investors own 71.13% of the company’s stock.

Insider Activity In related news, EVP Takeshi Numoto sold 4,810 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $496.48, for a total value of $2,388,068.80. Following the completion of the sale, the executive vice president owned 42,677 shares in the company, valued at $21,188,276.96. This represents a 10.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Judson Althoff sold 10,000 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $487.89, for a total value of $4,878,900.00. Following the sale, the chief executive officer directly owned 100,447 shares in the company, valued at $49,007,086.83. The trade was a 9.05% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 150,314 shares of company stock valued at $75,404,992. 0.03% of the stock is owned by company insiders.

Key Stories Impacting Microsoft Here are the key news stories impacting Microsoft this week: Positive Sentiment: Analysts expect Microsoft to remain the only major hyperscaler with positive free cash flow over the next year despite heavy AI investment. This reinforces confidence that the company can fund data-center expansion without substantial external financing. Microsoft Free Cash Flow Expected to Remain Positive Positive Sentiment: Microsoft signed a 20-year agreement with NiSource for approximately 1,100 megawatts of power for an Indiana data-center campus beginning in 2028. Securing electricity supports future Azure capacity as grid constraints become a bottleneck for AI expansion. Microsoft Signs Power Deal With NiSource Positive Sentiment: Microsoft’s custom Maia AI chips and reports that a new model achieved comparable or better performance than OpenAI’s system using a fraction of the computing power could eventually reduce reliance on expensive third-party GPUs and improve AI economics. Microsoft Wants to Make AI Cheaper Neutral Sentiment: Investors are focused on Azure growth, Copilot adoption, AI monetization and capital expenditures ahead of earnings. Strong demand could support the shares, but the market wants evidence that revenue growth is translating into sustainable margins. Negative Sentiment: The U.K. Competition and Markets Authority is investigating Microsoft’s grip on business software and says Microsoft and Amazon Web Services may need to do more to address cloud-service barriers. Potential remedies could increase compliance costs or weaken customer-lock-in advantages. UK Regulator Targets Microsoft’s Business Software Grip Negative Sentiment: Questions remain over whether custom chips will deliver meaningful savings: AI infrastructure, power and data-center commitments are rising rapidly, while Microsoft is reportedly seeking substantial cost reductions in Azure. That creates concern about near-term free-cash-flow and margin pressure. Wall Street Analysts Forecast Growth A number of research firms have recently issued reports on MSFT. KeyCorp reiterated an “overweight” rating on shares of Microsoft in a research note on Thursday, September 3rd. BMO Capital Markets assumed coverage on shares of Microsoft in a research report on Monday, October 5th. They set an “outperform” rating on the stock. Royal Bank Of Canada reissued an “outperform” rating on shares of Microsoft in a report on Thursday, September 10th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Microsoft in a report on Monday, September 28th. Finally, CLSA restated an “outperform” rating on shares of Microsoft in a research report on Thursday, July 30th. Forty-two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $589.71.

Check Out Our Latest Stock Analysis on Microsoft

Microsoft Stock Performance NASDAQ:MSFT opened at $529.05 on Monday. The company has a current ratio of 1.23, a quick ratio of 1.22 and a debt-to-equity ratio of 0.07. Microsoft Corporation has a 1-year low of $349.20 and a 1-year high of $553.72. The firm has a market capitalization of $3.93 trillion, a price-to-earnings ratio of 29.46, a PEG ratio of 1.70 and a beta of 1.10. The business’s 50-day moving average price is $505.53 and its two-hundred day moving average price is $441.16.

Microsoft (NASDAQ:MSFT – Get Free Report) last posted its earnings results on Wednesday, July 29th. The software giant reported $4.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.24 by $0.50. The company had revenue of $90.01 billion during the quarter, compared to analyst estimates of $87.62 billion. Microsoft had a return on equity of 31.98% and a net margin of 40.31%. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period in the previous year, the company earned $3.65 EPS. On average, equities analysts expect that Microsoft Corporation will post 19.65 earnings per share for the current year.

Microsoft Increases Dividend The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Thursday, November 19th will be issued a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 0.7%. This is a boost from Microsoft’s previous quarterly dividend of $0.91. The ex-dividend date is Thursday, November 19th. Microsoft’s dividend payout ratio (DPR) is 20.27%.

About Microsoft (Free Report)

Microsoft Corporation (NASDAQ:MSFT) is a global technology company that develops software, cloud services, devices and digital platforms. Its products and services are used by consumers, businesses, governments and educational institutions worldwide.

The company’s principal offerings include the Windows operating system; Microsoft 365 productivity applications such as Word, Excel, Teams and Outlook; Azure cloud computing and infrastructure services; Dynamics business applications; and enterprise security solutions.

See Also Five stocks we like better than Microsoft These 3 Green Stocks Have a Growth Story That Goes Far Beyond Washington Meta Claims Frontier-Class AI Status With New Muse Wonder Models Berkshire Just Backed This Little-Known Stock—Should You Chase It? Broadcom’s CEO Sees Years of AI Demand But Warns of a Bigger Threat to the Boom Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Corporation (NASDAQ:MSFT – Free Report).

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.

Front Street Capital Management Inc. bought a new stake in Microsoft Corporation (NASDAQ:MSFT – Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 9,485 shares of the software giant’s stock, valued at approximately $3,587,000.

Several other hedge funds have also modified their holdings of the stock. Auto Owners Insurance Co raised its stake in shares of Microsoft by 56,160.8% during the fourth quarter. Auto Owners Insurance Co now owns 60,116,384 shares of the software giant’s stock valued at $29,073,486,000 after purchasing an additional 60,009,531 shares during the period. Amundi increased its stake in Microsoft by 30.8% during the 1st quarter. Amundi now owns 41,675,076 shares of the software giant’s stock worth $15,426,862,000 after buying an additional 9,814,598 shares during the period. Dimensional Fund Advisors LP increased its stake in Microsoft by 10.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 29,323,744 shares of the software giant’s stock worth $10,852,884,000 after buying an additional 2,784,809 shares during the period. Hsbc Holdings PLC increased its stake in Microsoft by 7.8% during the 4th quarter. Hsbc Holdings PLC now owns 22,138,798 shares of the software giant’s stock worth $10,715,379,000 after buying an additional 1,599,412 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Microsoft by 64.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 24,264,779 shares of the software giant’s stock worth $8,982,083,000 after buying an additional 9,493,778 shares in the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth MSFT has been the subject of several recent analyst reports. Morgan Stanley downgraded Microsoft from an “overweight” rating to a “negative” rating in a research note on Monday, October 5th. Piper Sandler increased their price target on Microsoft from $550.00 to $610.00 and gave the company an “overweight” rating in a report on Wednesday, September 30th. Wolfe Research lowered Microsoft from an “outperform” rating to a “hold” rating in a research note on Wednesday, September 23rd. Benchmark restated a “buy” rating on shares of Microsoft in a report on Friday, July 24th. Finally, Tigress Financial upped their target price on Microsoft from $680.00 to $690.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Forty-two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $589.71.

View Our Latest Stock Report on MSFT Insider Transactions at Microsoft In other news, EVP Takeshi Numoto sold 4,810 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $496.48, for a total value of $2,388,068.80. Following the completion of the sale, the executive vice president directly owned 42,677 shares in the company, valued at approximately $21,188,276.96. The trade was a 10.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Judson Althoff sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $487.89, for a total value of $4,878,900.00. Following the sale, the chief executive officer directly owned 100,447 shares in the company, valued at approximately $49,007,086.83. This represents a 9.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 150,314 shares of company stock worth $75,404,992 in the last quarter. Insiders own 0.03% of the company’s stock.

Key Headlines Impacting Microsoft Here are the key news stories impacting Microsoft this week:

Positive Sentiment: Analysts expect Microsoft to remain the only major hyperscaler with positive free cash flow over the next year despite heavy AI investment. This reinforces confidence that the company can fund data-center expansion without substantial external financing. Microsoft Free Cash Flow Expected to Remain Positive Positive Sentiment: Microsoft signed a 20-year agreement with NiSource for approximately 1,100 megawatts of power for an Indiana data-center campus beginning in 2028. Securing electricity supports future Azure capacity as grid constraints become a bottleneck for AI expansion. Microsoft Signs Power Deal With NiSource Positive Sentiment: Microsoft’s custom Maia AI chips and reports that a new model achieved comparable or better performance than OpenAI’s system using a fraction of the computing power could eventually reduce reliance on expensive third-party GPUs and improve AI economics. Microsoft Wants to Make AI Cheaper Neutral Sentiment: Investors are focused on Azure growth, Copilot adoption, AI monetization and capital expenditures ahead of earnings. Strong demand could support the shares, but the market wants evidence that revenue growth is translating into sustainable margins. Negative Sentiment: The U.K. Competition and Markets Authority is investigating Microsoft’s grip on business software and says Microsoft and Amazon Web Services may need to do more to address cloud-service barriers. Potential remedies could increase compliance costs or weaken customer-lock-in advantages. UK Regulator Targets Microsoft’s Business Software Grip Negative Sentiment: Questions remain over whether custom chips will deliver meaningful savings: AI infrastructure, power and data-center commitments are rising rapidly, while Microsoft is reportedly seeking substantial cost reductions in Azure. That creates concern about near-term free-cash-flow and margin pressure. Microsoft Stock Performance Shares of Microsoft stock opened at $529.05 on Monday. The firm has a market cap of $3.93 trillion, a PE ratio of 29.46, a price-to-earnings-growth ratio of 1.70 and a beta of 1.10. The firm’s 50-day simple moving average is $505.53 and its 200-day simple moving average is $441.16. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.22 and a current ratio of 1.23. Microsoft Corporation has a 1 year low of $349.20 and a 1 year high of $553.72.

Microsoft (NASDAQ:MSFT – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The software giant reported $4.74 EPS for the quarter, topping the consensus estimate of $4.24 by $0.50. The business had revenue of $90.01 billion for the quarter, compared to analysts’ expectations of $87.62 billion. Microsoft had a net margin of 40.31% and a return on equity of 31.98%. The company’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter last year, the company posted $3.65 earnings per share. Equities analysts forecast that Microsoft Corporation will post 19.65 earnings per share for the current fiscal year.

Microsoft Increases Dividend The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 19th will be given a $0.98 dividend. This represents a $3.92 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, November 19th. This is a positive change from Microsoft’s previous quarterly dividend of $0.91. Microsoft’s payout ratio is 20.27%.

About Microsoft (Free Report)

Microsoft Corporation (NASDAQ:MSFT) is a global technology company that develops software, cloud services, devices and digital platforms. Its products and services are used by consumers, businesses, governments and educational institutions worldwide.

The company’s principal offerings include the Windows operating system; Microsoft 365 productivity applications such as Word, Excel, Teams and Outlook; Azure cloud computing and infrastructure services; Dynamics business applications; and enterprise security solutions.

See Also Five stocks we like better than Microsoft These 3 Green Stocks Have a Growth Story That Goes Far Beyond Washington Meta Claims Frontier-Class AI Status With New Muse Wonder Models Berkshire Just Backed This Little-Known Stock—Should You Chase It? Broadcom’s CEO Sees Years of AI Demand But Warns of a Bigger Threat to the Boom Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Corporation (NASDAQ:MSFT – Free Report).

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.

Advanced Micro Devices (AMD - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.

Over the past month, shares of this chipmaker have returned -5.6%, compared to the Zacks S&P 500 composite's +1.5% change. During this period, the Zacks Computer - Integrated Systems industry, which Advanced Micro falls in, has lost 3%. 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 RevisionsRather 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, Advanced Micro is expected to post earnings of $1.93 per share, indicating a change of +60.8% from the year-ago quarter. The Zacks Consensus Estimate has changed -0.2% over the last 30 days.

The consensus earnings estimate of $7.55 for the current fiscal year indicates a year-over-year change of +81.1%. This estimate has remained unchanged over the last 30 days.

For the next fiscal year, the consensus earnings estimate of $15.2 indicates a change of +101.4% from what Advanced Micro is expected to report a year ago. Over the past month, the estimate has changed +1.5%.

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 #3 (Hold) for Advanced Micro.

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

12 Month EPS

Projected Revenue GrowthEven 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.

For Advanced Micro, the consensus sales estimate for the current quarter of $13.11 billion indicates a year-over-year change of +41.8%. For the current and next fiscal years, $50.61 billion and $85.28 billion estimates indicate +46.1% and +68.5% changes, respectively.

Last Reported Results and Surprise HistoryAdvanced Micro reported revenues of $11.54 billion in the last reported quarter, representing a year-over-year change of +50.1%. EPS of $1.66 for the same period compares with $0.48 a year ago.

Compared to the Zacks Consensus Estimate of $11.32 billion, the reported revenues represent a surprise of +1.87%. The EPS surprise was +3.11%.

The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each time 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.

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.

Advanced Micro is graded F 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.

ConclusionThe 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 Advanced Micro. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.

Syon Capital LLC grew its stake in shares of NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 5.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 341,321 shares of the computer hardware maker’s stock after acquiring an additional 16,768 shares during the period. NVIDIA comprises approximately 3.0% of Syon Capital LLC’s investment portfolio, making the stock its 4th biggest holding. Syon Capital LLC’s holdings in NVIDIA were worth $68,295,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Bank of America Corp DE raised its position in NVIDIA by 2.2% during the 2nd quarter. Bank of America Corp DE now owns 195,366,864 shares of the computer hardware maker’s stock valued at $39,090,956,000 after purchasing an additional 4,165,875 shares in the last quarter. Amundi lifted its holdings in shares of NVIDIA by 10.4% in the 1st quarter. Amundi now owns 133,768,018 shares of the computer hardware maker’s stock worth $23,329,141,000 after buying an additional 12,575,177 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of NVIDIA by 0.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 94,521,253 shares of the computer hardware maker’s stock worth $16,479,126,000 after buying an additional 555,221 shares during the period. Deutsche Bank AG lifted its holdings in shares of NVIDIA by 2.3% in the 2nd quarter. Deutsche Bank AG now owns 91,954,159 shares of the computer hardware maker’s stock worth $18,399,108,000 after buying an additional 2,045,101 shares during the period. Finally, Jupiter Topco LLC bought a new position in shares of NVIDIA during the 2nd quarter worth $16,156,076,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Analysts Set New Price Targets Several equities analysts have recently commented on NVDA shares. BMO Capital Markets set a $340.00 price target on NVIDIA and gave the company an “outperform” rating in a research note on Thursday, August 20th. TD Cowen reaffirmed a “buy” rating on shares of NVIDIA in a research note on Tuesday, August 18th. Citigroup reiterated a “buy” rating and set a $315.00 target price (up from $300.00) on shares of NVIDIA in a report on Thursday, August 27th. Truist Financial boosted their price target on shares of NVIDIA from $307.00 to $346.00 and gave the company a “buy” rating in a report on Thursday, August 27th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of NVIDIA in a report on Thursday, September 10th. Five analysts have rated the stock with a Strong Buy rating, forty-nine have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, NVIDIA presently has an average rating of “Buy” and a consensus target price of $321.89.

Get Our Latest Analysis on NVDA Insiders Place Their Bets In other NVIDIA news, CFO Colette Kress sold 34,918 shares of the stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $219.05, for a total transaction of $7,648,787.90. Following the completion of the sale, the chief financial officer directly owned 765,103 shares of the company’s stock, valued at approximately $167,595,812.15. This represents a 4.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Timothy Teter sold 30,460 shares of the stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $222.80, for a total transaction of $6,786,488.00. Following the sale, the executive vice president directly owned 2,687,660 shares of the company’s stock, valued at approximately $598,810,648. The trade was a 1.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 1,766,118 shares of company stock worth $399,450,353. 3.94% of the stock is owned by corporate insiders.

NVIDIA Stock Performance NVDA opened at $214.13 on Monday. The firm has a market cap of $5.16 trillion, a price-to-earnings ratio of 27.07, a PEG ratio of 1.65 and a beta of 2.22. The company has a current ratio of 4.59, a quick ratio of 3.85 and a debt-to-equity ratio of 0.14. NVIDIA Corporation has a 12 month low of $164.27 and a 12 month high of $243.37. The stock has a fifty day moving average price of $223.20 and a 200-day moving average price of $211.42.

NVIDIA (NASDAQ:NVDA – Get Free Report) last issued its quarterly earnings data on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.13. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%. The firm had revenue of $96.22 billion during the quarter, compared to analysts’ expectations of $92.27 billion. During the same period in the prior year, the business posted $1.05 EPS. The firm’s quarterly revenue was up 105.9% on a year-over-year basis. As a group, equities research analysts anticipate that NVIDIA Corporation will post 9.30 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th were issued a $0.25 dividend. The ex-dividend date was Thursday, September 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. NVIDIA’s payout ratio is currently 12.64%.

NVIDIA announced that its Board of Directors has authorized a stock buyback plan on Monday, September 28th that permits the company to repurchase $150.00 billion in shares. This repurchase authorization permits the computer hardware maker to buy up to 2.8% of its shares through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

NVIDIA News Roundup Here are the key news stories impacting NVIDIA this week:

Positive Sentiment: New RTX Spark laptops expand NVIDIA’s addressable market. Systems from ASUS, Dell, HP, Lenovo, Microsoft and MSI are now available starting at $2,599, combining Blackwell graphics, up to 128GB of memory and local AI capabilities. The launch could create a new consumer and developer revenue stream beyond data centers. NVIDIA RTX Spark PCs Available Today Positive Sentiment: Automotive and enterprise adoption continues. Volvo expanded its partnership with NVIDIA for automated-driving systems, while Adobe is integrating NVIDIA technology across Photoshop, Premiere and other creative tools. These agreements support longer-term demand for NVIDIA hardware and software. Volvo Cars expands automated driving partnership Positive Sentiment: Supply-chain investment and customer deployments remain strong. Taiwan is reportedly considering as much as $4 billion for Texas industrial parks serving NVIDIA suppliers, and customers continue deploying Blackwell systems. The developments reinforce demand, although they may take time to affect revenue. Taiwan Texas industrial parks Neutral Sentiment: NVIDIA is broadening its software and AI-model ecosystem. Paid offerings such as AI Enterprise and Mission Control, along with Nemotron open models and partnerships with AI startups, could make earnings less dependent on hardware. However, the articles provide no near-term financial contribution. Negative Sentiment: AI financing concerns are the main pressure. CoreWeave’s debt has reportedly traded at distressed yields, raising questions about whether highly leveraged customers can continue funding data-center expansion. Higher Treasury yields and inflation concerns are also making large AI projects more expensive. CoreWeave financing worries Negative Sentiment: Investors are questioning AI growth expectations. OpenAI’s reported $50 billion revenue run rate was below the roughly $68 billion previously anticipated, prompting concern that AI demand may mature more slowly. Microsoft’s development of custom Maia chips also highlights the risk of customers developing alternatives to NVIDIA GPUs. OpenAI revenue expectations Negative Sentiment: Reported insider selling adds a sentiment overhang. Recent data showed NVIDIA insiders made numerous sales and no open-market purchases over the past six months, though such transactions may reflect planned diversification rather than a change in business outlook. About NVIDIA (Free Report)

NVIDIA Corporation (NASDAQ: NVDA) is a technology company that designs graphics processing units (GPUs), accelerated computing platforms, networking products and related software. Its technologies support artificial intelligence, machine learning, scientific computing, data analytics, professional visualization and computer graphics.

The company’s products include GeForce GPUs for gaming and personal computing, data center GPUs and systems for AI and high-performance computing, and networking solutions used to connect and manage large-scale computing infrastructure.

Further Reading Five stocks we like better than NVIDIA These 3 Green Stocks Have a Growth Story That Goes Far Beyond Washington Meta Claims Frontier-Class AI Status With New Muse Wonder Models Berkshire Just Backed This Little-Known Stock—Should You Chase It? Broadcom’s CEO Sees Years of AI Demand But Warns of a Bigger Threat to the Boom Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA – Free Report).

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Premier Path Wealth Partners LLC increased its position in shares of NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 2.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 166,901 shares of the computer hardware maker’s stock after buying an additional 4,044 shares during the period. NVIDIA accounts for 3.9% of Premier Path Wealth Partners LLC’s holdings, making the stock its 3rd biggest holding. Premier Path Wealth Partners LLC’s holdings in NVIDIA were worth $33,395,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of America Corp DE lifted its stake in shares of NVIDIA by 2.2% in the 2nd quarter. Bank of America Corp DE now owns 195,366,864 shares of the computer hardware maker’s stock valued at $39,090,956,000 after purchasing an additional 4,165,875 shares during the period. Amundi grew its stake in NVIDIA by 10.4% during the first quarter. Amundi now owns 133,768,018 shares of the computer hardware maker’s stock worth $23,329,141,000 after purchasing an additional 12,575,177 shares during the period. Dimensional Fund Advisors LP grew its stake in NVIDIA by 0.6% during the first quarter. Dimensional Fund Advisors LP now owns 94,521,253 shares of the computer hardware maker’s stock worth $16,479,126,000 after purchasing an additional 555,221 shares during the period. Deutsche Bank AG increased its holdings in NVIDIA by 2.3% in the second quarter. Deutsche Bank AG now owns 91,954,159 shares of the computer hardware maker’s stock worth $18,399,108,000 after purchasing an additional 2,045,101 shares in the last quarter. Finally, Jupiter Topco LLC bought a new stake in NVIDIA in the second quarter worth approximately $16,156,076,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Stock Performance NVDA opened at $214.13 on Monday. NVIDIA Corporation has a fifty-two week low of $164.27 and a fifty-two week high of $243.37. The firm has a market capitalization of $5.16 trillion, a PE ratio of 27.07, a P/E/G ratio of 1.65 and a beta of 2.22. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.59 and a quick ratio of 3.85. The company’s 50-day moving average is $223.20 and its 200 day moving average is $211.42.

NVIDIA (NASDAQ:NVDA – Get Free Report) last released its quarterly earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.09 by $0.13. The business had revenue of $96.22 billion during the quarter, compared to the consensus estimate of $92.27 billion. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%. The company’s quarterly revenue was up 105.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.05 EPS. As a group, research analysts predict that NVIDIA Corporation will post 9.30 earnings per share for the current fiscal year. NVIDIA announced that its Board of Directors has approved a stock buyback plan on Monday, September 28th that permits the company to repurchase $150.00 billion in outstanding shares. This repurchase authorization permits the computer hardware maker to reacquire up to 2.8% of its shares through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

NVIDIA Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Thursday, September 10th. NVIDIA’s dividend payout ratio (DPR) is currently 12.64%.

Trending Headlines about NVIDIA Here are the key news stories impacting NVIDIA this week:

Positive Sentiment: New RTX Spark laptops expand NVIDIA’s addressable market. Systems from ASUS, Dell, HP, Lenovo, Microsoft and MSI are now available starting at $2,599, combining Blackwell graphics, up to 128GB of memory and local AI capabilities. The launch could create a new consumer and developer revenue stream beyond data centers. NVIDIA RTX Spark PCs Available Today Positive Sentiment: Automotive and enterprise adoption continues. Volvo expanded its partnership with NVIDIA for automated-driving systems, while Adobe is integrating NVIDIA technology across Photoshop, Premiere and other creative tools. These agreements support longer-term demand for NVIDIA hardware and software. Volvo Cars expands automated driving partnership Positive Sentiment: Supply-chain investment and customer deployments remain strong. Taiwan is reportedly considering as much as $4 billion for Texas industrial parks serving NVIDIA suppliers, and customers continue deploying Blackwell systems. The developments reinforce demand, although they may take time to affect revenue. Taiwan Texas industrial parks Neutral Sentiment: NVIDIA is broadening its software and AI-model ecosystem. Paid offerings such as AI Enterprise and Mission Control, along with Nemotron open models and partnerships with AI startups, could make earnings less dependent on hardware. However, the articles provide no near-term financial contribution. Negative Sentiment: AI financing concerns are the main pressure. CoreWeave’s debt has reportedly traded at distressed yields, raising questions about whether highly leveraged customers can continue funding data-center expansion. Higher Treasury yields and inflation concerns are also making large AI projects more expensive. CoreWeave financing worries Negative Sentiment: Investors are questioning AI growth expectations. OpenAI’s reported $50 billion revenue run rate was below the roughly $68 billion previously anticipated, prompting concern that AI demand may mature more slowly. Microsoft’s development of custom Maia chips also highlights the risk of customers developing alternatives to NVIDIA GPUs. OpenAI revenue expectations Negative Sentiment: Reported insider selling adds a sentiment overhang. Recent data showed NVIDIA insiders made numerous sales and no open-market purchases over the past six months, though such transactions may reflect planned diversification rather than a change in business outlook. Insider Activity In related news, Director Mark Stevens sold 622,239 shares of NVIDIA stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $231.62, for a total transaction of $144,122,997.18. Following the transaction, the director owned 2,336,531 shares of the company’s stock, valued at $541,187,310.22. The trade was a 21.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Colette Kress sold 34,918 shares of the company’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $219.05, for a total value of $7,648,787.90. Following the sale, the chief financial officer owned 765,103 shares of the company’s stock, valued at $167,595,812.15. This trade represents a 4.36% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,766,118 shares of company stock worth $399,450,353 over the last 90 days. 3.94% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes Several equities analysts have issued reports on NVDA shares. Wells Fargo & Company set a $210.00 price target on NVIDIA in a research note on Friday, October 2nd. President Capital lifted their price objective on shares of NVIDIA from $295.00 to $330.00 in a research note on Thursday, August 27th. Royal Bank Of Canada boosted their target price on shares of NVIDIA from $300.00 to $330.00 and gave the company an “outperform” rating in a research report on Thursday, August 27th. Itau BBA Securities cut their target price on shares of NVIDIA from $256.00 to $218.00 in a research note on Wednesday, June 24th. Finally, Oppenheimer set a $315.00 target price on shares of NVIDIA and gave the stock an “outperform” rating in a research note on Thursday, August 27th. Five investment analysts have rated the stock with a Strong Buy rating, forty-nine have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, NVIDIA presently has a consensus rating of “Buy” and a consensus price target of $321.89.

View Our Latest Report on NVDA

NVIDIA Company Profile (Free Report)

NVIDIA Corporation (NASDAQ: NVDA) is a technology company that designs graphics processing units (GPUs), accelerated computing platforms, networking products and related software. Its technologies support artificial intelligence, machine learning, scientific computing, data analytics, professional visualization and computer graphics.

The company’s products include GeForce GPUs for gaming and personal computing, data center GPUs and systems for AI and high-performance computing, and networking solutions used to connect and manage large-scale computing infrastructure.

Featured Stories Five stocks we like better than NVIDIA These 3 Green Stocks Have a Growth Story That Goes Far Beyond Washington Meta Claims Frontier-Class AI Status With New Muse Wonder Models Berkshire Just Backed This Little-Known Stock—Should You Chase It? Broadcom’s CEO Sees Years of AI Demand But Warns of a Bigger Threat to the Boom

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NEOS Investment Management LLC increased its position in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 10.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,211,357 shares of the computer hardware maker’s stock after acquiring an additional 843,227 shares during the quarter. NVIDIA comprises about 6.9% of NEOS Investment Management LLC’s holdings, making the stock its biggest holding. NEOS Investment Management LLC’s holdings in NVIDIA were worth $1,843,100,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of NVDA. Lifetime Wealth Management P.C. bought a new position in NVIDIA in the 4th quarter valued at $26,000. Longview Financial Advisors Inc. purchased a new position in shares of NVIDIA during the 1st quarter valued at $27,000. Phillip James Consulting Co. purchased a new position in shares of NVIDIA during the 1st quarter valued at $40,000. Bard Associates Inc. increased its holdings in shares of NVIDIA by 8,866.7% in the second quarter. Bard Associates Inc. now owns 269 shares of the computer hardware maker’s stock worth $54,000 after purchasing an additional 266 shares during the period. Finally, Frankly Finances LLC bought a new position in shares of NVIDIA in the second quarter worth $60,000. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Stock Performance NVDA stock opened at $214.13 on Monday. The company has a market capitalization of $5.16 trillion, a PE ratio of 27.07, a price-to-earnings-growth ratio of 1.65 and a beta of 2.22. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.85 and a current ratio of 4.59. NVIDIA Corporation has a one year low of $164.27 and a one year high of $243.37. The company’s 50 day moving average price is $223.20 and its two-hundred day moving average price is $211.42.

NVIDIA (NASDAQ:NVDA – Get Free Report) last announced its quarterly earnings data on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.09 by $0.13. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. The company had revenue of $96.22 billion during the quarter, compared to analysts’ expectations of $92.27 billion. During the same quarter in the prior year, the company earned $1.05 EPS. The firm’s revenue was up 105.9% on a year-over-year basis. As a group, analysts predict that NVIDIA Corporation will post 9.30 earnings per share for the current fiscal year. NVIDIA announced that its board has authorized a share repurchase plan on Monday, September 28th that authorizes the company to repurchase $150.00 billion in outstanding shares. This buyback authorization authorizes the computer hardware maker to reacquire up to 2.8% of its shares through open market purchases. Share buyback plans are generally an indication that the company’s board believes its shares are undervalued.

NVIDIA Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $1.00 annualized dividend and a yield of 0.5%. NVIDIA’s payout ratio is currently 12.64%.

Insider Activity In other news, Director Mark A. Stevens sold 622,239 shares of the business’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $231.62, for a total value of $144,122,997.18. Following the completion of the sale, the director owned 2,336,531 shares of the company’s stock, valued at approximately $541,187,310.22. The trade was a 21.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Timothy S. Teter sold 30,460 shares of the stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $222.80, for a total value of $6,786,488.00. Following the sale, the executive vice president owned 2,687,660 shares of the company’s stock, valued at $598,810,648. This represents a 1.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 1,766,118 shares of company stock valued at $399,450,353. 3.94% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In NVDA has been the topic of a number of recent analyst reports. UBS Group reiterated a “buy” rating on shares of NVIDIA in a research report on Friday, October 9th. Zacks Research upgraded NVIDIA from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 21st. KGI Securities upped their target price on NVIDIA from $335.00 to $345.00 in a research note on Thursday, August 27th. Piper Sandler assumed coverage on NVIDIA in a research note on Wednesday, September 9th. They issued an “overweight” rating and a $300.00 target price on the stock. Finally, JPMorgan Chase & Co. lifted their price target on NVIDIA from $280.00 to $320.00 and gave the company an “overweight” rating in a research report on Thursday, August 27th. Five research analysts have rated the stock with a Strong Buy rating, forty-nine have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $321.89.

Get Our Latest Analysis on NVDA

NVIDIA News Roundup Here are the key news stories impacting NVIDIA this week:

Positive Sentiment: New RTX Spark laptops expand NVIDIA’s addressable market. Systems from ASUS, Dell, HP, Lenovo, Microsoft and MSI are now available starting at $2,599, combining Blackwell graphics, up to 128GB of memory and local AI capabilities. The launch could create a new consumer and developer revenue stream beyond data centers. NVIDIA RTX Spark PCs Available Today Positive Sentiment: Automotive and enterprise adoption continues. Volvo expanded its partnership with NVIDIA for automated-driving systems, while Adobe is integrating NVIDIA technology across Photoshop, Premiere and other creative tools. These agreements support longer-term demand for NVIDIA hardware and software. Volvo Cars expands automated driving partnership Positive Sentiment: Supply-chain investment and customer deployments remain strong. Taiwan is reportedly considering as much as $4 billion for Texas industrial parks serving NVIDIA suppliers, and customers continue deploying Blackwell systems. The developments reinforce demand, although they may take time to affect revenue. Taiwan Texas industrial parks Neutral Sentiment: NVIDIA is broadening its software and AI-model ecosystem. Paid offerings such as AI Enterprise and Mission Control, along with Nemotron open models and partnerships with AI startups, could make earnings less dependent on hardware. However, the articles provide no near-term financial contribution. Negative Sentiment: AI financing concerns are the main pressure. CoreWeave’s debt has reportedly traded at distressed yields, raising questions about whether highly leveraged customers can continue funding data-center expansion. Higher Treasury yields and inflation concerns are also making large AI projects more expensive. CoreWeave financing worries Negative Sentiment: Investors are questioning AI growth expectations. OpenAI’s reported $50 billion revenue run rate was below the roughly $68 billion previously anticipated, prompting concern that AI demand may mature more slowly. Microsoft’s development of custom Maia chips also highlights the risk of customers developing alternatives to NVIDIA GPUs. OpenAI revenue expectations Negative Sentiment: Reported insider selling adds a sentiment overhang. Recent data showed NVIDIA insiders made numerous sales and no open-market purchases over the past six months, though such transactions may reflect planned diversification rather than a change in business outlook. NVIDIA Company Profile (Free Report)

NVIDIA Corporation (NASDAQ: NVDA) is a technology company that designs graphics processing units (GPUs), accelerated computing platforms, networking products and related software. Its technologies support artificial intelligence, machine learning, scientific computing, data analytics, professional visualization and computer graphics.

The company’s products include GeForce GPUs for gaming and personal computing, data center GPUs and systems for AI and high-performance computing, and networking solutions used to connect and manage large-scale computing infrastructure.

See Also Five stocks we like better than NVIDIA These 3 Green Stocks Have a Growth Story That Goes Far Beyond Washington Meta Claims Frontier-Class AI Status With New Muse Wonder Models Berkshire Just Backed This Little-Known Stock—Should You Chase It? Broadcom’s CEO Sees Years of AI Demand But Warns of a Bigger Threat to the Boom

Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.

Nvidia (NVDA.O) has won central processor chip business with another fast-growing AI startup that until now relied entirely on chips from Intel and ​AMD, an early sign that its push into a market long ‌controlled by those two rivals has traction.

Modal, a cloud-computing startup that rents out computing power to AI developers, said it plans to start using Nvidia's new Vera central processor for the first time ​for hosting agents, the AI systems that can carry out long-running tasks for ​human users. Modal until now has run such work only on ⁠Intel and AMD chips.

Modal last week raised $750 million in a funding round led ​by Accel at a $15.75 billion valuation, saying it is on track to record $1 billion ​in sales over the next year. Modal said usage of its services has tripled and revenue has grown more than 15 times year-over-year.

Modal said Monday that early tests showed the new Nvidia chip ​doubled the amount of work that AI agents can get done, prompting the ​company to support Nvidia's chip design for the first time, which will require some deep software ‌changes on ⁠Modal's side.

But Chief Executive Erik Bernhardsson was careful to stress it is not abandoning its existing suppliers. The company said it will run the Nvidia chips alongside its current Intel and AMD offerings in a mixed fleet, putting each job on whatever ​hardware runs it ​best.

Bernhardsson said the tests ⁠were run against the Intel and AMD chips already on the market. Both Nvidia rivals are developing newer models that could ​narrow the gap with Nvidia.

"We'll test them when they're available," ​he said, ⁠adding that running a mixed setup means the company "can always deploy whatever hardware performs best."

Nvidia has told investors it expects to generate at least $20 billion from Vera chip sales this ⁠fiscal year, ​its opening bid for a market it values ​at roughly $200 billion. Nvidia has previously said OpenAI, Anthropic and Oracle also plan to use the chips, along ​with AI startups such as Perplexity.

Fourth-Generation High-Speed Arena Network Marks the Latest Evolution of the Leagues' Connectivity Backbone, Connecting Leading Arenas, Production Facilities and Content Partners

Multiyear Extension Continues AT&T's Role as Official Connectivity Partner of the NBA and WNBA

Key Takeaways:

AT&T, the NBA and WNBA are launching the fourth-generation High-Speed Arena Network. HSAN will move live game content, highlights, replays, in-arena programming and stats quickly and reliably. The network is supported by more than 68,000 miles of AT&T fiber and infrastructure. AT&T is extending its role as Official Connectivity Partner of the NBA and WNBA. , /PRNewswire/ -- The National Basketball Association (NBA), Women's National Basketball Association (WNBA) and AT&T today announced the launch of the fourth generation of the High-Speed Arena Network (HSAN), the latest evolution of the leagues' connectivity platform built to quickly and reliably transport live game content, highlights, replays, in-arena programming and stats to fans and business partners, while enabling the behind-the-scenes technology that helps support the game operations.

Supported by more than 68,000 miles of AT&T's expansive fiber and network infrastructure, the fourth-generation HSAN will be designed to transport more than 118 concurrent, high-quality, low-latency streams per game, supporting millions of hours of basketball consumption during the 2027-28 NBA season.

"Today's fans follow the game across live broadcasts, replays, highlights, social media and NBA digital platforms," said Kellyn Smith Kenny, chief marketing & growth officer, AT&T. "Together with the NBA, AT&T is helping build the connectivity foundation that moves game content quickly and reliably across the league, so fans can stay closer to the moments that matter wherever they are watching."

"For nearly a decade, AT&T has helped us connect with fans in new and innovative ways, and we're excited to expand our partnership to leverage their next-generation network for HSAN to deepen that connection," said Kerry Tatlock, EVP Global Marketing Partnerships and Media, NBA. "Together, we look forward to building experiences that bring fans closer to the NBA in ways that are personalized and customized for each fan."

"AT&T has been an integral partner in the WNBA's growth, helping us reach new fans and elevate the experience for our players, teams, and communities," said WNBA Chief Growth Officer Colie Edison. "As our inaugural WNBA Changemaker, we look forward to continuing our work together to drive innovation, visibility, and opportunity for the next generation of players and fans."

AT&T, the NBA and the WNBA have also extended their longstanding marketing partnership, continuing AT&T's role as the leagues' Official Connectivity Partner, building on a relationship that began in 2018. The extension also continues AT&T's partnership with the NBA G League, USA Basketball and NBA Take-Two Media.

As part of the extended marketing partnership, AT&T and the NBA will create new fan touchpoints across content and retail activations that debut around American Express NBA Tip-Off. Fans will have additional opportunities to engage with NBA stars and AT&T athletes, including Shai Gilgeous-Alexander, through unique experiences, special access moments and original content over the course of the NBA season. AT&T will also continue to connect fans with their favorite teams and players through its partnerships with the Chicago Bulls, Dallas Mavericks, Miami HEAT and LA Clippers.

As a WNBA Changemaker, AT&T will maintain its prominent presence across the league, including through its branding on all WNBA team jerseys and continued entitlement partnership of WNBA All-Star. AT&T will also continue its partnerships with WNBA stars A'ja Wilson and Sabrina Ionescu, building on its commitment to connect fans with the players and moments shaping the game.

"I've always appreciated how basketball brings together different communities, cultures and creativity," said Shai Gilgeous-Alexander, NBA Champion, two-time NBA MVP and Oklahoma City Thunder guard. "Through my relationship with AT&T and experiences like ShaiT&T, we're creating new ways for fans to connect with the game while celebrating the stories and culture that make basketball so special. I'm excited to keep building on that this season." 

"The WNBA's growth has been incredible to be a part of, and it takes partners who are committed to investing in the game and its future," said A'ja Wilson, Las Vegas Aces center and five-time WNBA MVP. "AT&T has consistently shown up for our league, our players and our fans, helping create experiences that bring people closer to the game. I'm excited to see AT&T continue its partnership with the WNBA and keep building even more opportunities to connect with basketball fans everywhere."

Other highlights of the partnership include AT&T's continued title sponsorship of AT&T Slam Dunk at NBA All-Star, which began in 2019. The partnership also builds on the introduction of on-court apron branding during nationally televised NBA regular-season games in the 2025-26 season and continues to enhance fan connectivity through Turbo Live by AT&T*. Available at select NBA arenas, Turbo Live enables fans, regardless of carrier, to access prioritized connectivity on the AT&T network, making it easier to share, engage and stay connected throughout the game.

Frequently Asked Questions

What did AT&T and the NBA announce?
AT&T and the NBA announced a multiyear extension of their marketing partnership and the launch of the fourth generation of the NBA High-Speed Arena Network (HSAN). The agreement continues AT&T's role as the Official Connectivity Partner of the NBA, WNBA, NBA G League, USA Basketball and NBA Take-Two Media.

What is the NBA High-Speed Arena Network (HSAN)?
The NBA High-Speed Arena Network (HSAN) is the league's dedicated connectivity backbone that links NBA arenas, production facilities, data centers and media partners. It helps move live game broadcasts, replays, highlights, statistics, and other content quickly and reliably across the NBA ecosystem.

Why is HSAN important?
HSAN powers many of the behind-the-scenes workflows that make modern basketball coverage possible. It supports the delivery of live broadcasts, highlights, replays, statistics, alternate viewing experiences, radio programming, mobile content, and in-arena entertainment.

How does HSAN benefit NBA fans?
Fans may never directly see HSAN, but they benefit from what it enables. The network helps move content quickly and reliably across the league, supporting broadcasts, replays, highlights, statistics, and digital experiences that keep fans connected to the game wherever they watch.

How large is the network supporting HSAN?
The network is supported by more than 68,000 miles of AT&T fiber and network infrastructure, providing high-capacity connectivity between key NBA locations and partners.

What content travels across HSAN?
HSAN helps transport:

Live game video Replays Highlights Statistics Audio feeds Broadcast content Digital media content Other mission-critical league data How does AT&T support the NBA's technology infrastructure?
AT&T provides the connectivity foundation that helps move game content between arenas, production facilities, data centers, media partners, and broadcast platforms. The company also monitors network performance through its Network Operations Center to support reliable content delivery.

What fan experiences are included in the renewed partnership?
Beginning around NBA Tip-Off, AT&T and the NBA will introduce a season-long series of fan experiences, merchandise drops, content opportunities, and special access moments in markets across the country. Fans will also have opportunities to engage with NBA stars and AT&T athletes.

1Req's a 5G-capable smartphone. May require an unlocked device & open eSIM slot for activation.

About AT&T
We help more than 100 million U.S. families, friends, and neighbors, plus nearly 2.5 million businesses, connect to greater possibility. From the first phone call 150 years ago to our 5G wireless and multi-gig internet offerings today, we @ATT innovate to improve lives. For more information about AT&T Inc. (NYSE:T), please visit us at about.att.com. Investors can learn more at investors.att.com.

About the NBA
The National Basketball Association (NBA) is a global sports and media organization with the mission to inspire and connect people everywhere through the power of basketball. Built around five professional sports leagues: the NBA, WNBA, NBA G League, NBA 2K League and Basketball Africa League, the NBA has established a major international presence with games and programming available in 214 countries and territories in more than 50 languages, and merchandise for sale in more than 200 countries and territories on all seven continents. NBA rosters at the start of the 2025-26 season featured a record 135 international players from a record-tying 43 countries. The NBA's digital assets include NBA TV, NBA.com, the NBA App, and NBA League Pass. The NBA has created one of the largest social media communities in the world, with more than 2.5 billion likes and followers globally across all leagues, team, and player platforms. The NBA's Tap to Watch provides seamless access to local, national, and global live game telecasts via the NBA App, NBA.com, third-party digital platforms, and NBA partner platforms. NBA Cares, the NBA's global social impact platform, drives change on issues facing fans and communities in the areas of health and wellness, civic engagement, social justice and inclusion, and sustainability.

About the WNBA 
Currently in its historic 30th season in 2026, the WNBA continues to be one of the fastest-growing brands in sports, fueled by record-breaking momentum and unprecedented growth. Having reached a new transformational Collective Bargaining Agreement in March 2026, the league enters a bold new chapter focused on elevating the player experience, increased investment, and growing women's basketball globally. The WNBA's dedication to societal impact is supported by the WNBA Changemakers Collective (Ally, AT&T, AWS, CarMax, Deloitte, Google, and Nike), a first-of-its-kind group of purpose-driven companies working to empower players and the league, increase visibility, and drive business transformation.

© 2026 AT&T Intellectual Property. All rights reserved. AT&T and the Globe logo are registered trademarks of AT&T Intellectual Property.

SOURCE AT&T

NEW YORK, Oct. 19, 2026 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Northern District of California on behalf of all persons or entities who purchased or otherwise acquired Bank of America Corporation (BAC or the Company) (NYSE: BAC) securities between August 1, 2025 and October 13, 2026, inclusive (the Class Period).

The Complaint alleges that on December 23, 2024, the Office of the Comptroller of the Currency (“OCC”), an agency of the U.S. Department of the Treasury, issued a cease-and-desist order against BAC (the “2024 Consent Order”). BAC consented to the order, which requires it to take comprehensive corrective actions to address deficiencies in its BSA/AML and sanctions compliance programs.

The Complaint further alleges that Defendants failed to disclose to investors that: (i) systemic weaknesses in BAC’s BSA/AML program caused it to fail to properly monitor trillions of dollars in transactions and to miss, delay, or file inaccurate or incomplete suspicious activity reports involving billions of dollars in suspicious activity; (ii) internal reports had documented BAC’s BSA/AML deficiencies for years, yet BAC had not adequately remedied them after the 2024 Consent Order; (iii) BACA also had deficiencies in its sanctions compliance program and processed transactions later identified as apparent violations of multiple sanctions programs; and (iv) fixing these deficiencies required significant additional compliance resources and exposed BAC to substantial penalties and costs. The Complaint alleges these facts rendered Defendants’ statements about the scope of BAC’s compliance failures, its progress under the 2024 Consent Order, and the expected costs and penalties materially false and misleading.

The Complaint further alleges that the truth began to emerge after the market closed on October 13, 2026, when the U.S. Department of Treasury announced coordinated enforcement actions against BAC resulting in more than $1.21 billion in penalties and settlements. In addition, the Complaint alleges that Financial Crimes Enforcement Network (FinCEN) assessed a $1.2 billion penalty, including credit for a $750 million penalty imposed by the OCC, and the Office of Foreign Assets Control (OFAC) separately announced an $11.6 million settlement. The Complaint alleges that in its order, FinCEN stated BAC admitted that it willfully violated the BSA and missed or delayed detecting and reporting more than $5 billion in suspicious activity. The Complaint also alleges that the OCC further found that, despite the 2024 Consent Order, BAC had failed to complete significant corrective steps and its BSA/AML program remained deficient. The Complaint also alleges the truth continued to emerge the following morning, October 14, 2026, when BAC reported its third quarter 2026 results, showing that the regulatory settlement charge reduced diluted earnings per share by $0.17. Last, the Complaint alleges that following the enforcement announcements and quarterly results, BAC’s stock price fell to an intraday low of $49.26 on October 14, 2026, before closing at $51.39, down 4.8% from the previous day’s closing price of $53.96, thereby damaging investors.

         Investors who purchased or otherwise acquired shares of BAC should contact the Firm prior to the December 15, 2026 lead plaintiff motion deadline. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to discuss your rights or interests regarding this class action, please contact Thomas J. McKenna, Esq. or Gregory M. Egleston, Esq. of Gainey McKenna & Egleston at (212) 983-1300, or via e-mail at

[email protected] or

[email protected].

Please visit our website at http://www.gme-law.com for more information about the firm.

Walmart Inc. (NASDAQ:WMT – Get Free Report) EVP Latriece Watkins sold 5,000 shares of the stock in a transaction dated Wednesday, October 14th. The stock was sold at an average price of $115.00, for a total value of $575,000.00. Following the completion of the sale, the executive vice president owned 110,432 shares of the company’s stock, valued at $12,699,680. This trade represents a 4.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Walmart Stock Performance Shares of WMT stock opened at $118.81 on Monday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.23 and a current ratio of 0.77. Walmart Inc. has a 52 week low of $98.88 and a 52 week high of $135.15. The company’s 50 day moving average price is $108.82 and its two-hundred day moving average price is $116.18. The company has a market capitalization of $942.61 billion, a P/E ratio of 42.89, a price-to-earnings-growth ratio of 4.53 and a beta of 0.58.

Walmart (NASDAQ:WMT – Get Free Report) last released its quarterly earnings results on Thursday, August 20th. The retailer reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.07. Walmart had a net margin of 3.00% and a return on equity of 21.83%. The company had revenue of $187.94 billion during the quarter, compared to analysts’ expectations of $186.64 billion. During the same quarter in the prior year, the company earned $0.68 earnings per share. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. Walmart has set its Q3 2027 guidance at 0.620-0.640 EPS and its FY 2027 guidance at 2.800-2.870 EPS. On average, analysts expect that Walmart Inc. will post 2.88 earnings per share for the current fiscal year.

Walmart News Roundup Here are the key news stories impacting Walmart this week: Positive Sentiment: Deutsche Bank upgraded Walmart to Buy and raised its price target to $136 from $113. The bank cited a favorable 2027 outlook, inflation-driven customer traffic and growth opportunities in advertising, marketplace services and Walmart+ membership income. Walmart is a buy as inflation attracts more customers, says Deutsche Bank Positive Sentiment: Investors are increasingly valuing Walmart’s higher-margin revenue streams. The retailer’s global e-commerce sales rose 23% in the latest quarter, while marketplace, advertising and membership growth could improve profitability beyond its traditional low-price retail model. Walmart also raised fiscal 2027 adjusted EPS guidance to $2.80-$2.87. Walmart Stock Gets an Upgrade as Analyst Sees More Room to Run Positive Sentiment: Expanded employee benefits may support Walmart’s long-term investment story. The company added more than 250 free prescription drugs and up to 12 weeks of paid NICU leave. While benefits could raise costs, Deutsche Bank viewed the move alongside fee-based growth as evidence Walmart is investing in employee retention and more profitable operations. How Benefit Expansion At Walmart Has Changed Its Investment Story Neutral Sentiment: Recent operating results remain solid. Walmart’s latest quarterly revenue increased 5.9% year over year to $187.94 billion, and EPS exceeded analyst expectations. Faster pickup, delivery and digital initiatives could further support holiday sales and Walmart+ engagement, though the stock’s elevated valuation limits room for disappointment. Can Walmart’s Faster Shopping Options Boost Holiday Sales Growth? Negative Sentiment: Rising costs remain a risk. Walmart and Target are facing pressure from higher operating and merchandise costs, which could squeeze margins if the retailers cannot pass expenses on to consumers. Walmart, Target Face a New Price Problem as Costs Surge Negative Sentiment: Several executives reported stock sales, including CEO John Furner. The transactions were conducted under pre-arranged Rule 10b5-1 plans and executives retained substantial holdings, reducing their significance, but insider selling can still temper sentiment at recent highs. Analysts Set New Price Targets A number of research firms have issued reports on WMT. BTIG Research reiterated a “buy” rating and set a $140.00 target price on shares of Walmart in a report on Thursday, September 10th. Morgan Stanley restated an “overweight” rating and issued a $125.00 price target (down from $140.00) on shares of Walmart in a report on Friday, August 21st. Guggenheim set a $130.00 price target on Walmart and gave the company a “buy” rating in a report on Friday, August 21st. Wells Fargo & Company reduced their price objective on Walmart from $140.00 to $120.00 and set an “overweight” rating for the company in a research report on Friday, August 21st. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $130.00 price objective on shares of Walmart in a report on Friday, August 21st. Three analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $132.41.

View Our Latest Report on WMT

Institutional Investors Weigh In On Walmart Several large investors have recently made changes to their positions in the stock. Bell & Brown Wealth Advisors LLC acquired a new stake in shares of Walmart during the 2nd quarter valued at $6,451,000. Advisortrust Partners LLC increased its holdings in Walmart by 20.2% in the 1st quarter. Advisortrust Partners LLC now owns 67,142 shares of the retailer’s stock worth $8,344,000 after purchasing an additional 11,283 shares in the last quarter. Bank of America Corp DE acquired a new position in Walmart in the 2nd quarter worth about $7,455,131,000. Union Bancaire Privee UBP SA increased its holdings in Walmart by 253.3% in the 1st quarter. Union Bancaire Privee UBP SA now owns 384,034 shares of the retailer’s stock worth $47,728,000 after purchasing an additional 275,337 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in Walmart by 2.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 2,416,580 shares of the retailer’s stock worth $300,333,000 after purchasing an additional 68,632 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

About Walmart (Get Free Report)

Walmart Inc (NASDAQ:WMT) operates a global retail business through a network of supercenters, supermarkets, discount stores, neighborhood markets, warehouse clubs and e-commerce platforms. Its stores and websites sell a broad assortment of merchandise, including groceries, consumables, health and wellness products, apparel, electronics, home goods, toys and other general merchandise.

The company organizes its operations into Walmart U.S., Walmart International and Sam’s Club U.S. Walmart U.S.

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Cyndeo Wealth Partners LLC lessened its stake in JPMorgan Chase & Co. (NYSE:JPM) by 14.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,943 shares of the financial services provider’s stock after selling 11,522 shares during the quarter. JPMorgan Chase & Co. accounts for about 1.0% of Cyndeo Wealth Partners LLC’s investment portfolio, making the stock its 23rd biggest holding. Cyndeo Wealth Partners LLC’s holdings in JPMorgan Chase & Co. were worth $21,816,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in JPM. E Fund Management Co. Ltd. grew its stake in shares of JPMorgan Chase & Co. by 7.1% in the second quarter. E Fund Management Co. Ltd. now owns 29,956 shares of the financial services provider’s stock valued at $9,805,000 after buying an additional 1,973 shares in the last quarter. Edmond DE Rothschild Holding S.A. increased its holdings in JPMorgan Chase & Co. by 4.6% during the second quarter. Edmond DE Rothschild Holding S.A. now owns 343,644 shares of the financial services provider’s stock worth $112,485,000 after buying an additional 15,017 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services raised its position in JPMorgan Chase & Co. by 18.7% during the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 41,218 shares of the financial services provider’s stock worth $12,125,000 after acquiring an additional 6,492 shares in the last quarter. FAS Wealth Partners Inc. raised its position in JPMorgan Chase & Co. by 4.3% during the first quarter. FAS Wealth Partners Inc. now owns 43,527 shares of the financial services provider’s stock worth $12,804,000 after acquiring an additional 1,794 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in JPMorgan Chase & Co. by 2.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,170,524 shares of the financial services provider’s stock worth $383,148,000 after acquiring an additional 33,071 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Down 0.1% Shares of JPM stock opened at $339.49 on Monday. JPMorgan Chase & Co. has a 12-month low of $279.10 and a 12-month high of $366.50. The company has a market capitalization of $902.43 billion, a PE ratio of 14.24, a price-to-earnings-growth ratio of 1.35 and a beta of 1.02. The firm has a 50 day moving average price of $348.22 and a two-hundred day moving average price of $330.57. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.31.

JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last posted its earnings results on Tuesday, October 13th. The financial services provider reported $5.75 EPS for the quarter, missing the consensus estimate of $5.94 by ($0.19). The firm had revenue of $50.17 billion during the quarter, compared to analyst estimates of $51.23 billion. JPMorgan Chase & Co. had a net margin of 21.85% and a return on equity of 18.48%. JPMorgan Chase & Co.’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the company posted $5.07 EPS. As a group, analysts predict that JPMorgan Chase & Co. will post 23.72 earnings per share for the current year. JPMorgan Chase & Co. Increases Dividend The company also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Investors of record on Tuesday, October 6th will be paid a $1.65 dividend. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.50. The ex-dividend date is Tuesday, October 6th. This represents a $6.60 annualized dividend and a yield of 1.9%. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.68%.

Key Headlines Impacting JPMorgan Chase & Co. Here are the key news stories impacting JPMorgan Chase & Co. this week:

Positive Sentiment: JPMorgan reported approximately $15.3 billion in third-quarter net income and added more than 650,000 net new checking accounts, highlighting continued customer and deposit growth. JPMorgan Chase: 3 Key Takeaways for Long-Term Investors Positive Sentiment: Several analysts remain constructive: Royal Bank of Canada reiterated an Outperform rating, while Morgan Stanley and Robert W. Baird published bullish outlooks. Investors may view JPMorgan’s scale, profitability and balance-sheet strength as defensive advantages if economic conditions deteriorate. JPMorgan Earns Outperform Rating from Royal Bank of Canada Positive Sentiment: The bank’s decision to block unvetted third-party AI agents from customer accounts could reduce cybersecurity, fraud and operational risks, while its AI strategy continues to develop under tighter controls. Jamie Dimon Warns About AI Payment Agents Neutral Sentiment: Citigroup lowered its price target from $360 to $350 while maintaining a Neutral rating, suggesting limited near-term upside but no major deterioration in its view. Citigroup Lowers JPMorgan Price Target Neutral Sentiment: JPMorgan and Goldman Sachs increased the yield and improved terms on a $5 billion leveraged loan for Volta Infrastructure, indicating stronger investor compensation is needed for riskier AI-related debt. This may support fee activity but also underscores tighter credit-market conditions. JPMorgan and Goldman Boost Yield on Volta AI Loan Negative Sentiment: The third-quarter earnings release included an EPS miss, while revenue also came in below consensus estimates. The shortfall has raised questions about whether the stock’s recent gains already reflect much of its earnings strength. JPMorgan Misses Third Quarter Earnings Negative Sentiment: One Seeking Alpha analysis downgraded JPMorgan to Hold, citing leverage as a potential constraint on future earnings. CEO Jamie Dimon also warned that inflation, elevated asset prices, bond yields and the possibility of a market shock remain important risks. JPMorgan Leverage a Concern to Future Earnings Insider Buying and Selling In other JPMorgan Chase & Co. news, insider Robin Leopold sold 2,500 shares of the company’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $352.81, for a total value of $882,025.00. Following the transaction, the insider directly owned 71,047 shares of the company’s stock, valued at $25,066,092.07. This represents a 3.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.41% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets A number of analysts have commented on JPM shares. Morgan Stanley increased their price target on shares of JPMorgan Chase & Co. from $370.00 to $377.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 14th. Truist Financial boosted their price objective on shares of JPMorgan Chase & Co. from $352.00 to $361.00 and gave the stock a “hold” rating in a research note on Wednesday. Robert W. Baird upped their target price on shares of JPMorgan Chase & Co. from $305.00 to $312.00 and gave the company a “neutral” rating in a report on Wednesday, October 14th. Jefferies Financial Group reiterated a “neutral” rating on shares of JPMorgan Chase & Co. in a research note on Friday, September 25th. Finally, Citigroup cut their target price on shares of JPMorgan Chase & Co. from $360.00 to $350.00 and set a “neutral” rating for the company in a research note on Thursday. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $365.45.

View Our Latest Stock Analysis on JPMorgan Chase & Co.

(Free Report)

JPMorgan Chase & Co is a global financial services company headquartered in New York City. Through its businesses, the company provides banking, lending, investment banking, payments, asset management and wealth management services to individuals, businesses, governments and institutional clients.

Its major business segments include Consumer & Community Banking, which offers deposit accounts, credit cards, mortgages, auto loans and other financial products; Commercial & Investment Banking, which provides corporate lending, advisory, underwriting, trading, treasury and payments services; and Asset & Wealth Management, which serves individual and institutional investors with investment management, brokerage and related advisory services.

JPMorgan Chase serves customers in the United States and operates internationally through offices and businesses in major financial centers around the world.

Read More Five stocks we like better than JPMorgan Chase & Co. These 3 Green Stocks Have a Growth Story That Goes Far Beyond Washington Meta Claims Frontier-Class AI Status With New Muse Wonder Models Berkshire Just Backed This Little-Known Stock—Should You Chase It? Broadcom’s CEO Sees Years of AI Demand But Warns of a Bigger Threat to the Boom Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM – Free Report).

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Key Takeaways JPMorgan cut Q3 2026 net share buybacks to $664 million from $6.2 billion in the prior quarter.JPM prioritizes technology, branch expansion and business growth, backed by $30 billion in excess capital.JPM's 20% ROTCE supports its strategy, but rising expenses and fewer buybacks pose near-term challenges.
JPMorgan (JPM - Free Report) has sharply reduced its share repurchases, signaling a strategic shift toward reinvesting capital in its businesses. The banking giant reported net share buybacks of just $664 million in the third quarter of 2026, down nearly 89% from $6.2 billion in the preceding quarter.

CEO Jamie Dimon emphasized that investing in JPMorgan's franchise and supporting clients remain higher priorities than repurchasing shares. With approximately $30 billion in excess capital, the bank sees opportunities to deploy funds into businesses capable of generating attractive long-term returns.

The strategy appears promising, given JPMorgan's diversified operations and strong market position. Investments in technology, branch expansion, commercial banking, wealth management and international operations could strengthen customer relationships and support sustainable revenue growth. Rising demand for financing across infrastructure and other capital-intensive sectors presents additional opportunities for business expansion.

JPMorgan's financial strength provides considerable flexibility. The bank ended the third quarter with $304 billion in Common Equity Tier 1 (CET1) capital and a standardized CET1 ratio of 13.9%. Its profitability also remained robust, with a return on tangible common equity of 20%.

However, fewer buybacks may limit near-term earnings growth, while the higher 2026 adjusted expense outlook of $108.6 billion underscores cost pressures. Returns on investments may also take time to materialize. Nevertheless, JPMorgan's capital allocation strategy appears prudent. Prioritizing high-return growth opportunities over repurchases at elevated valuations could strengthen its competitive position and create greater long-term shareholder value.

Citigroup and Bank of America in Terms of Q3 Share BuybacksCitigroup (C - Free Report) repurchased approximately $3 billion of shares in the third quarter of 2026, bringing year-to-date buybacks to $13.3 billion. As of Sept. 30, 2026, $23 billion worth of shares remained available under the share repurchase program.

Citigroup returned $4.1 billion to shareholders, including dividends, reflecting its continued focus on capital distributions alongside investments in business growth and improving profitability.

Bank of America (BAC - Free Report) repurchased $6 billion worth of shares during third-quarter 2026, reflecting its commitment to shareholder returns. As of Sept. 30, 2026, almost $11 billion remained under its $40 billion share repurchase authorization.

Including $2.2 billion in dividends, Bank of America returned $8.3 billion to shareholders. The buybacks highlight management’s confidence in its capital position, supported by a solid CET1 ratio of 10.9%.

Forum Financial Management LP lowered its stake in shares of Johnson & Johnson (NYSE:JNJ – Free Report) by 20.4% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 10,052 shares of the company’s stock after selling 2,573 shares during the period. Forum Financial Management LP’s holdings in Johnson & Johnson were worth $2,661,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Wellington Management Group LLP grew its stake in shares of Johnson & Johnson by 12.5% in the 2nd quarter. Wellington Management Group LLP now owns 22,588,696 shares of the company’s stock worth $5,736,851,000 after acquiring an additional 2,513,321 shares in the last quarter. Deutsche Bank AG boosted its position in Johnson & Johnson by 8.5% in the second quarter. Deutsche Bank AG now owns 15,661,323 shares of the company’s stock worth $3,977,506,000 after purchasing an additional 1,225,676 shares during the last quarter. Amundi increased its position in shares of Johnson & Johnson by 17.5% during the 1st quarter. Amundi now owns 13,406,820 shares of the company’s stock valued at $3,277,163,000 after purchasing an additional 2,001,139 shares during the last quarter. Jupiter Topco LLC purchased a new position in shares of Johnson & Johnson in the 2nd quarter worth about $1,967,399,000. Finally, Janus Henderson Group PLC increased its holdings in Johnson & Johnson by 1.9% during the first quarter. Janus Henderson Group PLC now owns 7,872,478 shares of the company’s stock worth $1,924,323,000 after buying an additional 148,497 shares during the last quarter. Hedge funds and other institutional investors own 69.55% of the company’s stock.

Key Johnson & Johnson News Here are the key news stories impacting Johnson & Johnson this week:

Positive Sentiment: Raised 2026 outlook: Third-quarter operational sales grew 6%, reaching $25.4 billion, and management increased full-year operational sales guidance to approximately $100.7 billion at the midpoint. Adjusted EPS also exceeded analysts’ expectations. Johnson & Johnson: 3 Key Takeaways for Long-Term Investors Positive Sentiment: Pharmaceutical momentum and pipeline potential: Strong demand for TREMFYA, early momentum for ICOTYDE and oncology investments helped offset weakness elsewhere. Investors are also watching J&J’s newly approved surgical robot as a potential long-term MedTech growth driver. Does Raised 2026 Outlook Change the Bull Case for Johnson & Johnson? Positive Sentiment: Defensive appeal and income support: Investors rotating away from technology stocks amid inflation and interest-rate concerns are favoring dividend-paying healthcare companies. J&J also affirmed its $1.34-per-share fourth-quarter dividend, payable in December 2026. Morgan Stanley maintained an “overweight” rating with a $292 price target. Neutral Sentiment: Institutional demand: ETFs recorded approximately $107.4 million of net buying in JNJ, suggesting some portfolio managers continue to view the company as a defensive holding. However, this flow is not necessarily evidence of a change in operating fundamentals. Johnson & Johnson Sees $107.4 Million in Net ETF Buying Negative Sentiment: MedTech weakness remains the main overhang: Medical-device sales missed Wall Street forecasts, while international pricing pressure and acquisition-related costs weighed on results. Analysts described the quarter as setting a negative tone for the broader pharmaceutical sector. Johnson & Johnson Stock Falls on MedTech Miss Negative Sentiment: Valuation and analyst caution: JNJ trades at a premium earnings multiple, increasing the risk of further pressure if growth disappoints. Erste Group expressed a negative view on fiscal 2027 earnings, while RBC lowered its price expectations. Insider Activity In other Johnson & Johnson news, EVP Jennifer L. Taubert sold 15,000 shares of the business’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $263.36, for a total value of $3,950,400.00. Following the sale, the executive vice president directly owned 194,451 shares of the company’s stock, valued at approximately $51,210,615.36. The trade was a 7.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Timothy Schmid sold 33,597 shares of the stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $274.74, for a total transaction of $9,230,439.78. Following the sale, the executive vice president directly owned 25,447 shares in the company, valued at $6,991,308.78. This trade represents a 56.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 64,515 shares of company stock worth $17,271,766. Corporate insiders own 0.16% of the company’s stock. Wall Street Analyst Weigh In Several equities analysts have weighed in on the company. Weiss Ratings raised Johnson & Johnson from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 8th. HSBC upped their price target on shares of Johnson & Johnson from $290.00 to $320.00 and gave the company a “buy” rating in a research note on Thursday, September 10th. Argus set a $300.00 price objective on Johnson & Johnson in a research note on Wednesday, July 29th. Bank of America reiterated a “neutral” rating and issued a $278.00 target price on shares of Johnson & Johnson in a research note on Tuesday, September 29th. Finally, Guggenheim reiterated a “buy” rating and issued a $287.00 price objective on shares of Johnson & Johnson in a research report on Wednesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Johnson & Johnson currently has a consensus rating of “Moderate Buy” and a consensus price target of $274.87.

Check Out Our Latest Analysis on Johnson & Johnson

Johnson & Johnson Price Performance Shares of Johnson & Johnson stock opened at $255.54 on Monday. The stock has a market capitalization of $615.82 billion, a P/E ratio of 38.72, a price-to-earnings-growth ratio of 2.53 and a beta of 0.21. Johnson & Johnson has a one year low of $184.66 and a one year high of $281.07. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.09 and a quick ratio of 0.81. The business’s 50 day simple moving average is $265.66 and its two-hundred day simple moving average is $249.66.

Johnson & Johnson (NYSE:JNJ – Get Free Report) last announced its quarterly earnings results on Tuesday, October 13th. The company reported $2.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.53 by $0.06. Johnson & Johnson had a net margin of 16.20% and a return on equity of 31.54%. The business had revenue of $25.40 billion for the quarter, compared to analyst estimates of $25.38 billion. During the same quarter last year, the firm earned $2.80 EPS. The company’s revenue was up 5.9% on a year-over-year basis. Johnson & Johnson has set its FY 2026 guidance at 11.050-11.150 EPS. Analysts forecast that Johnson & Johnson will post 11.12 EPS for the current year.

Johnson & Johnson Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 8th. Shareholders of record on Tuesday, November 24th will be issued a $1.34 dividend. The ex-dividend date is Tuesday, November 24th. This represents a $5.36 dividend on an annualized basis and a yield of 2.1%. Johnson & Johnson’s dividend payout ratio is 81.21%.

(Free Report)

Johnson & Johnson (NYSE: JNJ) is a global healthcare company headquartered in New Brunswick, New Jersey. Founded in 1886, the company develops and markets products and services for patients, healthcare professionals and institutions worldwide.

Johnson & Johnson operates through two principal segments: Innovative Medicine and MedTech. Innovative Medicine focuses on pharmaceuticals for areas such as immunology, oncology, neuroscience, infectious diseases and cardiovascular conditions.

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Key Takeaways Delta Air Lines plans 45-plus round-trip flights and 6,000 more seats from Boston for spring 2027 travel.DAL targets Florida, the Caribbean & Mexico, boosting leisure-route capacity 15% over the 2026 holiday.Competition from JBLU & ALGT puts focus on DAL's capacity management, ticket pricing and profitability.
Delta Air Lines (DAL - Free Report) is strengthening its competitive position in Boston through a targeted expansion of its seasonal flight schedule, responding to strong demand for leisure travel during the 2027 Patriots’ Day and spring break period. The airline plans to add more than 45 round-trip flights and 6,000 seats, increasing capacity across selected leisure routes by 15% compared with the corresponding 2026 holiday period. The expansion reflects Delta’s efforts to capitalize on peak travel demand while improving connectivity to popular vacation destinations.

The additional capacity primarily targets Florida, the southeastern United States, the Caribbean and Mexico, with increased frequencies to destinations such as Orlando, Sarasota, Fort Myers, Aruba and Cancun. Delta is also introducing seasonal nonstop service to Destin-Fort Walton Beach, Florida and deploying larger aircraft on select flights to New Orleans. These adjustments will allow the airline to accommodate higher passenger volumes during concentrated travel periods while leveraging its existing Boston network.

Delta’s expansion comes amid intensifying competition for seasonal leisure travelers. JetBlue Airways (JBLU - Free Report) has expanded its Florida network by connecting Boston to Destin-Fort Walton Beach, while Allegiant Travel Company (ALGT - Free Report) announced nine new nonstop routes in August 2026, including three seasonal connections from Boston to Florida. These developments highlight the importance of point-to-point connectivity and flexible capacity planning as airlines compete for spring break demand.

The expansion could support Delta’s passenger revenues by increasing seat availability on routes that experience seasonal demand peaks. However, the financial benefits will depend on load factors, ticket pricing, operating costs and the extent to which the additional capacity generates incremental demand rather than shifting passengers from existing flights. Seasonal additions also require careful capacity management to avoid weaker yields if supply outpaces demand.

Overall, Delta’s planned schedule expansion underscores its focus on optimizing its Boston network and capturing leisure travel opportunities during key holiday periods. While the additional flights could strengthen its competitive position across popular vacation markets, sustained profitability will depend on disciplined capacity deployment and effective revenue management amid competition from JetBlue, Allegiant and other carriers.

Key Takeaways General Motors' Q3 EPS is expected to rise 26.7% to $3.55, extending its streak of 16 earnings beats.GM's U.S. sales fell 5.5% in Q3, but disciplined pricing and software growth could support profitability.GM remains a Hold as China restructuring and software gains face inflation, logistics and onshoring costs. General Motors (GM - Free Report) is slated to release third-quarter 2026 results tomorrow, before market open. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings per share (EPS) and revenues is pegged at $3.55 and $48.21 billion, respectively.

The earnings estimate for the to-be-reported quarter has moved up by 5 cents over the past seven days. The bottom-line projection indicates a year-over-year increase of 26.7%. The Zacks Consensus Estimate for quarterly revenues suggests a year-over-year contraction of 0.1%.

Image Source: Zacks Investment Research

For full-year 2026, the Zacks Consensus Estimate for GM’s revenues is pegged at $185.3 billion, suggesting a marginal uptick of 0.1% year over year. The consensus mark for full-year EPS is pegged at $13.54, calling for a 27.7% year-over-year contraction.

Notably, General Motors surpassed earnings estimates in each of the past 16 quarters. And our proven model predicts an earnings beat for the company this time around as well.

Earnings Whispers for GMThe combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That’s the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

General Motors has an Earnings ESP of +1.38% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.

Factors at PlayGeneral Motors delivered 670,974 vehicles in the third quarter of 2026 in the United States, down 5.5% year over year. Sales declined across Chevrolet, GMC and Cadillac brands but inched up 8% for the Buick brand. Even with weaker third-quarter sales in the United States, General Motors remained the top-selling automaker in the country. 

GM’s closest peer Ford’s (F - Free Report) U.S. sales fell 6.6% year over year to 509,764 vehicles in the third quarter of 2026. Meanwhile, Toyota’s (TM - Free Report) sales in North America were down 0.6% in the third quarter

Our model estimates for General Motors’ GMNA unit revenues (which accounts for the bulk of total revenues) are pegged at $39.4 billion, implying a year-over-year decline of 2.8%. The slowdown could weigh on total revenues, although expanding software and digital services may provide some cushion.Unlike vehicle sales, software revenues carry much higher margins and generate recurring cash flows.

GM’s disciplined pricing strategy is another potential support for profitability. By keeping incentives below the industry average for more than three years, the automaker has avoided aggressive discounting, helping protect margins amid tariff-related costs and inflation. Reflecting this resilience, we expect GM North America’s operating income to total $3.17 billion, implying growth of 26% from the year-ago quarter. 

Encouragingly, General Motors has also overhauled operations in China by rightsizing, streamlining dealer networks, cutting costs and rolling out new products. These efforts have paid off, and the company is expected to have witnessed improved profitability in China.

General Motors’ Price Performance & ValuationYear to date, shares of GM have gained more than 3%, outperforming the industry as well as peers like Toyota and Ford.

YTD Price Comparison  Image Source: Zacks Investment Research

GM also appears undervalued. The company is trading at a forward earnings multiple of 0.39, way lower than the industry.

Image Source: Zacks Investment Research

Our Take: GM Stock Still a HoldGeneral Motors continues to lead the U.S. market, backed by strong demand for full-size pickups, SUVs and commercial fleet vehicles. Disciplined pricing supports profitability, and the next-generation Chevrolet Silverado and GMC Sierra should further strengthen its competitive position, while restructuring in China is paying off.

Beyond this core, GM is steadily turning its software business into a meaningful profit driver. OnStar subscriptions keep growing, and Super Cruise is reaching more models, with management expecting more than $3 billion of recognized revenues and deferred revenues approaching $7.5 billion in 2026. GM Energy and GM Defense further broaden the company’s earnings base beyond traditional vehicle manufacturing.

These strengths are tempered by near-term cost pressures from commodities, logistics and DRAM components. Management expects commodity inflation, including logistics, of $1.2-$1.7 billion in 2026. Onshoring costs will also rise as production shifts to the United States, with the largest fourth-quarter impact coming from moving Escalade production to the Orion Assembly plant, and together these factors are likely to weigh on margins in the near term.

Even so, GM looks poised to extend its earnings beat streak in third-quarter 2026 and remains well positioned for the long haul. Still, near-term risks keep us from turning more positive, so we maintain a Hold rating. Existing shareholders should stay put, while new investors may wait for a better entry point.

The market expects Cincinnati Financial (CINF - Free Report) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2026. This widely-known consensus outlook 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 26. 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 insurer is expected to post quarterly earnings of $2.01 per share in its upcoming report, which represents a year-over-year change of -29.5%.

Revenues are expected to be $3.03 billion, up 5.5% from the year-ago quarter.

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

Investors should keep in mind that 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 Cincinnati Financial?For Cincinnati Financial, 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 +13.87%.

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

So, this combination indicates that Cincinnati Financial 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 Cincinnati Financial would post earnings of $1.82 per share when it actually produced earnings of $1.43, delivering a surprise of -21.43%.

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.

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

An Industry Player's Expected ResultsAmong the stocks in the Zacks Insurance - Property and Casualty industry, The Hartford Insurance Group (HIG - Free Report) , is soon expected to post earnings of $3.15 per share for the quarter ended September 2026. This estimate indicates a year-over-year change of -16.7%. This quarter's revenue is expected to be $5.28 billion, up 3.3% from the year-ago quarter.

The consensus EPS estimate for The Hartford Insurance Group has been revised 0.3% lower over the last 30 days to the current level. However, a higher Most Accurate Estimate has resulted in an Earnings ESP of +1.95%.

This Earnings ESP, combined with its Zacks Rank #3 (Hold), suggests that The Hartford Insurance Group will most likely beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times.

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

Moderna Inc. (NASDAQ:MRNA) shares are trading higher Monday as investors position ahead of detailed Phase 3 melanoma data for its personalized cancer therapy this Saturday and after BofA raised its price target.

Moderna shares are climbing with conviction. What’s driving MRNA stock higher? Traders Move Into Moderna Ahead of Saturday’s Phase 3 Melanoma Data at ESMOAccording to Investing.com, the main driver is Saturday’s Presidential Symposium at the ESMO Congress in Madrid, where Moderna and Merck will present full results from the Phase 3 INTerpath-001 trial at 10:30 a.m. ET on Oct. 24. The trial tested intismeran autogene plus Keytruda against Keytruda alone in 1,137 patients with resected stage IIB-IV melanoma. In August, the partners said it met its endpoints of recurrence-free and distant metastasis-free survival but didn’t release detailed results, including overall survival. Moderna will host an investor webcast at 1 p.m. ET the same day. Jefferies expects peak unadjusted sales in melanoma alone to top $3 billion.

BofA Raises Its Target, and the Stock Rebounds From Friday’s Drop Off Its 52-Week HighBofA raised its price target on Moderna to $220 from $200 and kept a Neutral rating. The stock is also rebounding after falling nearly 10% Friday from its 52-week high of $242.29, a drop attributed to profit-taking after a rally of more than 600% this year. Investing.com said the stock’s addition to the Nasdaq-100 on October 9 continues to support shares through demand from index funds, and that BioNTech and Pfizer were broadly flat, which suggests the move is specific to Moderna and not a sector rotation. The broader market was also higher, with the Nasdaq up about 1% and the S&P 500 up about half a percent. Moderna reports third-quarter results November 6.

Read Next

Moderna Shares Climb HigherMRNA Price Action: At the time of publication, Moderna shares are trading 4.40% higher at $227.61, according to data from Benzinga Pro.

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Intel (INTC - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.

Over the past month, shares of this world's largest chipmaker have returned -17.3%, compared to the Zacks S&P 500 composite's +1.5% change. During this period, the Zacks Semiconductor - General industry, which Intel falls in, has lost 0.7%. 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.

We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

Intel is expected to post earnings of $0.39 per share for the current quarter, representing a year-over-year change of +69.6%. Over the last 30 days, the Zacks Consensus Estimate has changed +0.6%.

For the current fiscal year, the consensus earnings estimate of $1.5 points to a change of +257.1% from the prior year. Over the last 30 days, this estimate has changed +0.2%.

For the next fiscal year, the consensus earnings estimate of $1.97 indicates a change of +31.4% from what Intel is expected to report a year ago. Over the past month, the estimate has changed +0.5%.

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 Intel.

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.

In the case of Intel, the consensus sales estimate of $16.43 billion for the current quarter points to a year-over-year change of +20.3%. The $62.49 billion and $71.58 billion estimates for the current and next fiscal years indicate changes of +18.2% and +14.5%, respectively.

Last Reported Results and Surprise HistoryIntel reported revenues of $16.13 billion in the last reported quarter, representing a year-over-year change of +25.4%. EPS of $0.42 for the same period compares with -$0.1 a year ago.

Compared to the Zacks Consensus Estimate of $14.41 billion, the reported revenues represent a surprise of +11.89%. The EPS surprise was +100%.

The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each time 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.

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.

Intel is graded F 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.

ConclusionThe 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 Intel. However, its Zacks Rank #2 does suggest that it may outperform the broader market in the near term.

Key Takeaways TRV reported Q3 core EPS of $9.18, beating estimates by 29.8%, with an underlying combined ratio of 84.1%. TRV projects fixed-income investment income exceeding $3.6 billion in 2027, supported by reinvestment yields.Travelers maintains disciplined commercial pricing and expands AI-driven claims tools to improve efficiency. The Travelers Companies, Inc. (TRV - Free Report) emphasized durable underwriting profitability, rising investment income and disciplined pricing during its third-quarter 2026 earnings call. Management expressed confidence it can sustain strong returns despite moderating insurance pricing and competitive pressures.

The insurer reported core earnings of $9.18 per share, beating the Zacks Consensus Estimate of $7.07 by 29.80%. Revenues of $12.44 billion exceeded the consensus estimate of $12.39 billion by 0.40%.

Travelers Sees Durable Underwriting ProfitabilityChairman and CEO Alan Schnitzer emphasized the sustainability of underwriting earnings, supported by risk selection, pricing capabilities and technology investments. The consolidated underlying combined ratio was 84.1%, marking nine consecutive quarters below 86%.

During the analyst Q&A, an Evercore ISI analyst questioned whether approximately $5.5 billion in underlying underwriting income could remain sustainable into 2027.

Schnitzer reaffirmed confidence in that earnings level. Executive vice president and CFO Daniel Frey clarified that annual results could fluctuate but management expects underwriting profitability to remain structurally stronger than historical levels.

TRV Projects Continued Investment Income GrowthFrey highlighted rising fixed-income yields and expanding invested assets as important earnings drivers. Quarterly pretax net investment income reached a record $1.098 billion, increasing 6% year over year.

Management expects approximately $875 million in after-tax fixed-income investment income during fourth-quarter 2026, bringing the full-year total to $3.3 billion.

For 2027, Travelers projects more than $3.6 billion, with quarterly income increasing from approximately $875 million in the first quarter to $965 million in the fourth quarter. Higher reinvestment yields underpin these expectations.

Travelers Maintains Commercial Pricing DisciplineExecutive vice president and Business Insurance president Greg Toczydlowski highlighted disciplined underwriting amid moderating renewal pricing. Business Insurance net written premiums increased 4%, excluding divested Canadian operations.

Renewal premium change was 4.1%, including 5.4% in Middle Market and 7.8% in Select. Retention remained strong at 86%, while new business increased 4% to $699 million.

During the Q&A, a BMO Capital Markets analyst questioned the decline in renewal premium changes. Schnitzer characterized the pricing environment as stable, noting modest sequential movements in property and liability pricing. Management declined to establish a bottom for property pricing.

TRV Balances Personal Insurance Growth and ReturnsExecutive vice president and Personal Insurance president Michael Klein emphasized profitability over near-term premium expansion. Personal Insurance net written premiums declined 7%, while the underlying combined ratio improved one point to 76.7%.

Klein explained that moderating pricing reflects favorable loss experience. Automobile retention stood at 81%, while Homeowners retention reached 85%.

Addressing competitive concerns raised by a TD Cowen analyst, Klein described selective automobile rate reductions and distribution expansion. Management continues pursuing agent appointments and opportunities to consolidate business from competing carriers without compromising underwriting discipline.

Travelers Expands AI-Driven Claims CapabilitiesSchnitzer outlined investments in Artificial Intelligence and claims technology designed to address rising litigation costs and improve underwriting decisions.

A digital claims-resolution pilot generated engagement from more than 80% of claimants offered the tool. AI capabilities also help claims professionals analyze extensive files and respond more effectively to attorney demands.

During the Q&A, analysts questioned litigation trends and reserve adequacy. Frey maintained that liability loss costs were developing within expectations. He cautioned that successful claims initiatives could eventually reduce required reserves, but management has not incorporated that outcome into its projections.

TRV Focuses on Returns and Capital DisciplineManagement maintained a confident outlook for 2027 while declining to provide specific premium growth or combined ratio forecasts.

Frey expects the expense ratio to remain slightly below 29% in 2026 and around the same level in 2027. Travelers also returned approximately $1.8 billion to shareholders during the quarter, including $1.5 billion through repurchases.

The company's priorities remain underwriting discipline, investment income growth, technology deployment and measured capital allocation.

What TRV's Zacks Rank and Style Scores IndicateTravelers currently carries a Zacks Rank #3 (Hold), indicating a neutral near-term earnings-revision signal. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Its Value Score and Momentum Score of B reflect comparatively favorable characteristics in those categories.

However, the Growth Score of F indicates weak growth characteristics, while the VGM Score of D reflects a less favorable combined assessment across value, growth and momentum.

These mixed signals warrant a measured interpretation of the stock's near-term prospects. The Zacks Rank can change as analysts revise earnings estimates following the latest quarterly results.

Key Takeaways UnitedHealth's Q3 adjusted EPS beat estimates by 13.8%, while revenues exceeded expectations by 1.2%.UnitedHealth raised its 2026 adjusted EPS guidance to at least $20.50 despite elevated commercial costs.ETFs like IHF offer diversified healthcare exposure, with UnitedHealth weightings ranging more than 4%.
Shares of UnitedHealth Group Incorporated (UNH - Free Report) have jumped 6.3% on the bourses since the company released better-than-expected third-quarter 2026 results on Oct. 13. The healthcare service provider's quarterly figures showed strong financial execution and operational recovery, even as underlying headwinds persisted in the form of membership losses and elevated commercial costs.

The company’s chief financial officer Wayne DeVeydt raised 2026 adjusted earnings guidance to at least $20.50 per share, setting a stronger earnings base heading into 2027.

Given this upbeat outlook, investors may want to invest in America’s largest health insurer right away. However, given the current U.S. government's legislation last year, which includes major Medicaid funding cuts this year, UNH’s Medicaid business is likely to face significant downward margin pressure. To this end, UNH’s management continues to view 2026 as a trough year for core Medicaid margins. 

Against this backdrop, prudent investors may be drawn to diversified healthcare exchange-traded funds (ETFs) with significant exposure to UNH, alongside other healthcare giants across pharma, biotech and medtech, as a more strategic investment choice. This would help investors gain from UNH’s upbeat outlook this year while avoiding the risks associated with its Medicaid business. 

Before suggesting a few such ETFs for your portfolio, let’s take a detailed look at UnitedHealth’s third-quarter performance across key metrics and provide a brief outlook on what to expect in the coming months.

A Brief Analysis of UNH’s Q3 ResultsUnitedHealth’s third-quarter adjusted earnings per share (EPS) of $4.69 beat the Zacks Consensus Estimate by 13.8%, while its revenues beat the consensus mark by 1.2%. 

On a year-over-year basis, the company delivered a mixed performance. Its earnings improved 60.6%, but revenues slipped 0.4%. 
UNH’s adjusted medical care ratio (MCR) was 88.4% in the third quarter, which improved 150 basis points (bps) from the year-ago period.

The improvement reflects better medical cost management, benefit and pricing alignment, and care delivery enhancements.
Its operating cost ratio improved 70 bps year over year to 12.8% in the quarter, backed by ongoing investments to modernize operations and streamline administrative processes. 

In its Optum Health business, UNH delivered strong performance in the third quarter, driven by the continued return to value-based care principles, combined with strong execution across its clinical programs and operational improvements, enabling clinicians to focus more on their patients and improve patient experience.

As for UNH’s commercial business, the company witnessed stable performance in the third quarter despite a tough market. However, UNH continues to experience higher-than-expected costs for this business, owing to a small number of doctors abusing the dispute process under the No Surprises Act (as mentioned in its third-quarter transcript), in addition to rising costs for specialty drugs and clinician care. 

UNH expects to pay more than $8 billion in dividends by 2026-end. 

Meanwhile, to make patient care faster and easier, the company is simplifying its prior approval process by cutting paperwork, increasing transparency and standardizing requirements across the industry. By the end of 2026, UNH plans to eliminate 30% of overall approval requirements, including nearly two-thirds of those for pediatric care and 10% from home health services, while expanding its "Gold Card" program to completely exempt top-performing doctors from routine approvals. 

Additionally, more than 70% of remaining approvals will be streamlined through standardized electronic submissions, and performance metrics will be published publicly to keep clinicians and members informed. 

Analysts’ ReactionFollowing UNH’s third-quarter results, Barclays analyst Andrew Mok maintained an Overweight rating but cut the stock’s price target from $441 to $440. Baird analyst Michael Ha maintained a Neutral rating and lowered the price target from $453 to $427.

UNH-Heavy ETFs to Watch

iShares U.S. Healthcare Providers ETF (IHF - Free Report)

This fund, with net assets worth $1.40 billion, offers exposure to 61 U.S. companies in the healthcare providers subsector, including insurers and service operators. UNH holds the first spot in this fund, with a 22.22% weight. 

IHF jumped 22.4% year to date and charges 37 bps in fees. It traded at a good volume of 3.21 million shares in the last trading session and holds a Zacks ETF Rank #2 (Buy). 

State Street Health Care Select Sector SPDR ETF (XLV - Free Report)

This fund, with assets under management (AUM) worth $46.19 billion, includes 61 companies in the pharmaceuticals; health care equipment and supplies; health care providers and services; biotechnology; life sciences tools and services; and health care technology industries. UNH holds the fourth spot in this fund, with a 5.68% weight. 

XLV rose 14.2% year to date and charges 8 bps in fees. It traded at a good volume of 8.55 million shares in the last trading session and sports a Zacks ETF Rank #1 (Strong Buy). 

Vanguard Health Care Index Fund ETF (VHT - Free Report)

This fund, with net assets worth $21.8 billion, is exposed to companies that manufacture health care equipment and supplies or that provide health care-related services, and firms that are primarily involved in the research, development, production and marketing of pharmaceuticals and biotechnology products. UNH holds the fifth spot in this fund, with a 4.65% weight. 

VHT soared 13.7% year to date and charges 9 bps in fees. It traded at a volume of 0.25 million shares in the last trading session and sports a Zacks ETF Rank #1. 

Wall Street analysts expect Newmont Corporation (NEM - Free Report) to post quarterly earnings of $1.96 per share in its upcoming report, which indicates a year-over-year increase of 14.6%. Revenues are expected to be $6.01 billion, up 8.8% from the year-ago quarter.

The current level reflects a downward revision of 4.5% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.

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

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

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

Analysts' assessment points toward 'Geographic Revenue- Nevada Gold Mines' reaching $750.37 million. The estimate indicates a year-over-year change of -16%.

The consensus estimate for 'Geographic Revenue- Pe?asquito' stands at $967.34 million. The estimate indicates a year-over-year change of +5.4%.

According to the collective judgment of analysts, 'Geographic Revenue- Merian' should come in at $297.57 million. The estimate indicates a change of +87.2% from the prior-year quarter.

The collective assessment of analysts points to an estimated 'Geographic Revenue- Cerro Negro' of $292.02 million. The estimate points to a change of +41.1% from the year-ago quarter.

The combined assessment of analysts suggests that 'Attributable Gold Production - Yanacocha' will likely reach 90 thousands of ounces. Compared to the present estimate, the company reported 152 thousands of ounces in the same quarter last year.

Analysts forecast 'Consolidated and attributable - other metals - Produced Silver' to reach 7500 thousands of ounces. The estimate compares to the year-ago value of 7000 thousands of ounces.

The consensus among analysts is that 'Attributable Gold Production - Boddington' will reach 155 thousands of ounces. Compared to the present estimate, the company reported 146 thousands of ounces in the same quarter last year.

It is projected by analysts that the 'Attributable Gold Production - Tanami' will reach 90 thousands of ounces. Compared to the current estimate, the company reported 100 thousands of ounces in the same quarter of the previous year.

Analysts predict that the 'Average Realized Price - Gold' will reach 4345 dollars per ounce. Compared to the current estimate, the company reported 3539 dollars per ounce in the same quarter of the previous year.

The average prediction of analysts places 'Average Realized Price - Copper' at N/A. Compared to the present estimate, the company reported N/A in the same quarter last year.

Analysts expect 'Attributable Gold ounces sold - Total Gold' to come in at 1205 thousands of ounces. The estimate is in contrast to the year-ago figure of 1319 thousands of ounces.

Based on the collective assessment of analysts, 'Attributable Production - Total Gold' should arrive at 1287 thousands of ounces. Compared to the current estimate, the company reported 1421 thousands of ounces in the same quarter of the previous year.

View all Key Company Metrics for Newmont here>>>

Shares of Newmont have experienced a change of -3.9% in the past month compared to the +1.5% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), NEM is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Companies reaffirm commitment to completing the proposed merger on previously announced terms

Financial restatement reflects non-cash accounting adjustments

, /PRNewswire/ -- GoPro, Inc. (NASDAQ: GPRO) today announced that it has filed a preliminary proxy statement with the Securities and Exchange Commission ("SEC") in connection with its previously announced proposed merger with Starman Optical, Inc.

"Filing the preliminary proxy is the next step toward closing, and we're working closely with Starman to complete the remaining steps efficiently," said Nicholas Woodman, Founder and CEO of GoPro.

"Both companies and management teams remain fully aligned and committed to completing the proposed transaction on the previously announced terms as quickly as possible," said Charles Tebele, Chief Executive Officer of Starman Holding. "Today's proxy statement is another signal that we are on track."

GoPro (the "Company") also announced that it has filed amendments to its Annual Report on Form 10-K for the year ended December 31, 2025, its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 and its Quarterly Report for the quarter ended June 30, 2026, with the SEC to restate certain previously issued financial statements due to accounting errors in the valuation related to certain warrants issued in 2025 in conjunction with the Company's debt agreements, errors in the accounting for certain warrants issued in connection with the 2025 Credit Agreement and measurement of the embedded conversion derivative liability associated with the Convertible Debentures issued in February 2026. The restatement involves non-cash accounting adjustments and does not affect the Company's previously reported revenue or operating cash flows for the impacted periods. As the historical accounting errors and consequent restatement constitute a default or event of default under each of the Company's credit facilities, convertible debentures and senior secured notes, the Company has requested and obtained waivers from default under each of the facilities, convertible debentures and senior secured notes.

Additional details regarding the restatement and proposed merger are available in the Company's SEC filings, including the Company's Current Report on Form 8-K filed on October 16, 2026.

About GoPro, Inc. (NASDAQ: GPRO)

GoPro helps the world capture and share itself in immersive and exciting ways.

Connect with GoPro on Instagram, YouTube, TikTok, Facebook, X, LinkedIn, and GoPro's blog, The Current. Members of the press can access official logos and imagery on our press portal. For more information, visit GoPro.com.

GoPro, HERO, MAX, MISSION and their respective logos are trademarks or registered trademarks of GoPro, Inc. in the United States and other countries.

Information and Where to Find It
This press release may be deemed to be solicitation material in respect of the proposed transaction involving GoPro and Starman Optical, Inc. ("Starman"). In connection with the proposed transaction, GoPro has filed with the SEC a preliminary proxy statement. This press release is not a substitute for the proxy statement or any other document that GoPro may file with the SEC or send to its stockholders in connection with the proposed transaction. INVESTORS AND STOCKHOLDERS OF GOPRO ARE URGED TO READ THE PROXY STATEMENT AND OTHER RELEVANT MATERIALS, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, THAT ARE AVAILABLE OR WILL BECOME AVAILABLE BEFORE MAKING ANY VOTING DECISION WITH RESPECT TO THE PROPOSED TRANSACTION BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT GOPRO AND THE PROPOSED TRANSACTION. The materials filed and to be filed by GoPro will be made available to GoPro's investors and stockholders at no expense to them and copies may be obtained free of charge on GoPro's website at https://investor.gopro.com. In addition, all of those materials are or will be available at no charge on the SEC's website at www.sec.gov.

GoPro and its directors, executive officers, other members of its management and employees may be deemed to be participants in the solicitation of proxies of GoPro stockholders in connection with the proposed transaction under SEC rules. Investors and stockholders may obtain more detailed information regarding the names, affiliations and interests of GoPro's executive officers and directors in the solicitation by reading GoPro's proxy statement for its 2026 annual meeting of stockholders, the Annual Report on Form 10-K for the fiscal year ended December 31, 2025, as amended, and the subsequent Quarterly Reports on Form 10-Q, as amended, and the proxy statement and other relevant materials that are filed or will be filed with the SEC in connection with the proposed transaction that are or will become available. Information concerning the interests of GoPro's participants in the solicitation, which may, in some cases, be different than those of GoPro's stockholders generally, are set forth in the proxy statement relating to the proposed transaction.

Note on Forward-Looking Statements
This press release may contain forward-looking statements including, among other things, statements regarding the potential benefits of the proposed transaction; the prospective performance and outlook of GoPro's business, performance and opportunities; the ability of the parties to complete the proposed transaction and the expected timing of completion of the proposed transaction; as well as any assumptions underlying any of the foregoing. The words "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," and similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to risks, uncertainties, and assumptions. If the risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. Risks include, but are not limited to: (i) the ability to obtain the requisite approval from stockholders of GoPro; (ii) the risk that the proposed transaction may not be completed in a timely manner or at all; (iii) the possibility that competing offers or acquisition proposals for GoPro will be made; (iv) the possibility that any or all of the various conditions to the consummation of the proposed transaction may not be satisfied or waived, including the failure to receive any required regulatory approvals from any applicable governmental entities; (v) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement, including in circumstances that would require GoPro to pay a termination fee or other expenses; (vi) the effect of the pendency of the proposed transaction on GoPro's ability to retain and hire key personnel, its ability to maintain relationships with its customers, suppliers and others with whom it does business, its business generally or its stock price; (vii) risks related to diverting management's attention from GoPro's ongoing business operations or the loss of one or more members of the management team; (viii) the risk that stockholder litigation in connection with the proposed transaction may result in significant costs of defense, indemnification and liability; (ix) changes in general economic, competitive, technological and/or industry-specific conditions affecting the businesses and industries in which GoPro operates; (x) actions by third parties, including government agencies, (xi) uncertainty regarding the expected financial performance of GoPro following completion of the proposed transaction; (xii) failure to realize the anticipated benefits of the proposed transaction within the expected time frame or at all, including as a result of a delay in completing the proposed transaction; (xiii) the ability of GoPro to implement its business strategy; (xiv) the risk that additional information may become known or that other subsequent events may occur that would require GoPro to make additional adjustments to its financial statements, which could be material; (xv) risks related to the timing and results of GoPro's review of the effectiveness of internal control over financial reporting, remediation of the control deficiencies identified and GoPro's ability to implement and maintain effective internal control over financial reporting in the future, which may adversely affect the accuracy and timeliness of GoPro's financial reporting; (xvi) identification of errors in GoPro's financial reporting in the future that require us to restate previously issued financial statements, which may subject us to unanticipated costs or regulatory penalties and could cause investors to lose confidence in the accuracy and completeness of GoPro's financial statements; and (xvii) other risk factors detailed from time to time in GoPro's reports filed with the SEC, including GoPro's Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other documents filed with the SEC, including documents that are or will be filed with the SEC in connection with the proposed transaction. The foregoing list of important factors is not exclusive. Any forward-looking statements speak only as of the date of this communication. GoPro does not undertake, and expressly disclaims, any obligation to update any forward-looking statements, whether as a result of new information or developments, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on any of these forward-looking statements.

SOURCE GoPro, Inc.

Key Takeaways NextEra's Q3 earnings are expected to beat estimates, with revenues projected to rise 13.65% year over year.NEE's backlog keeps increasing, while Florida's customer growth and rising demand support earnings.NEE trades at P/E F12M of 21.12X versus the industry's 15.4X, suggesting investors may await a better entry.
NextEra Energy (NEE - Free Report) is scheduled to release its third-quarter 2026 results on Oct. 21, before market open. The Zacks Consensus Estimate for earnings is currently pegged at $1.19 per share on revenues of $9.05 billion.

Third-quarter earnings estimates have declined 3.25% over the past 60 days. The Zacks Consensus Estimate for quarterly revenues indicates a year-over-year increase of 13.65%.

Image Source: Zacks Investment Research

NEE Stock’s Earnings Surprise HistoryNextEra Energy’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 6.82%.

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What the Zacks Model UnveilsOur proven model predicts an earnings beat for NextEra Energy this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the chances of an earnings beat. That is the case here, as you can see below.

You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.

NEE’s Earnings ESP: NextEra Energy has an Earnings ESP of +2.74%.

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

Some companies in the same industry with the right combination of the two factors for an earnings beat this season are American Electric Power (AEP - Free Report) , Dominion Energy (D - Free Report) and PPL Corporation (PPL - Free Report) . AEP, D and PPL currently have an Earnings ESP of +3.46%, +1.03% and +0.78%, respectively. Currently, AEP and D carry a Zacks Rank #3 each, while PPL has a Zacks Rank #2.

Key Drivers Expected to Have Boosted NEE’s Q3 ResultsNextEra Energy’s subsidiary, Florida Power & Light (“FPL”), continues to benefit from Florida’s strong economic growth and steady customer additions. Strategic grid investments, electricity rates nearly 25% below the national average and expanding renewable energy capacity support customer retention and lower fuel costs. Rising electricity demand in the region is likely to have boosted the company’s earnings.

NextEra Energy’s Energy Resources segment continues to benefit from the expansion of its renewable energy and storage portfolio. Following the addition of 3.6 gigawatts (GW) of new projects during the second quarter, its backlog reached nearly 35.1 GW. The addition of new renewable generation capacity is likely to have supported the segment’s third-quarter earnings.

NextEra Energy is poised to have benefited from strategic infrastructure investments and rising electricity demand from AI applications and data centers across its service territories. Newly commissioned projects are also likely to have supported the company’s quarterly earnings.

However, higher development costs for natural gas projects compared with renewable energy and battery storage might have weighed on NextEra Energy’s profitability. Elevated interest rates are expected to have increased borrowing costs and pressured profit margins, while localized supply-chain disruptions might have affected operations and project execution.

NEE Stock Returns Better Than Its IndustryReturn on equity (“ROE”) is a financial ratio that measures how well a company uses its shareholders’ equity to generate profits. The company's current ROE indicates that it is using shareholders’ funds more efficiently than peers.

NextEra Energy’s trailing 12-month ROE is 12.28%, ahead of the industry average of 11.48%.

Image Source: Zacks Investment Research

NEE Stock’s Price PerformanceNEE’s shares have gained 0.2% in the past month compared with the Zacks Utility – Electric Power industry’s rise of 3.5%.

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NextEra Energy’s Shares Trade at a Premium ValuationThe company is currently valued at a premium compared with its industry on a forward 12-month P/E basis. NextEra Energy is trading at 18.51X compared with its industry’s 14.38X.

Image Source: Zacks Investment Research

Investment ThesisFlorida’s strengthening economy continues to drive electricity demand and steady customer additions, supporting NextEra Energy’s long-term growth prospects. Ongoing investments in renewable energy and battery storage enhance service reliability and strengthen its clean energy portfolio.

The company’s disciplined cost management helps maintain electricity bills well below the national average, supporting customer affordability and attracting new customers. Rising electricity demand from data centers is expected to have created additional growth opportunities.

Although NextEra Energy’s ROE remains above the industry average, its premium valuation, elevated borrowing costs and higher development expenses for natural gas projects compared with renewables remain key concerns.

Summing UpNextEra Energy’s third-quarter earnings are likely to come above estimates, and its long-term outlook remains solid. Ongoing investments in renewable energy and Florida’s robust economic expansion continue to create new growth opportunities.

Rising electricity demand and consistent customer additions position the company for sustained long-term growth. Yet, its premium valuation remains a concern, suggesting investors may be better off waiting for a more attractive entry point.