SummaryMicrosoft Corporation remains a Strong Buy, supported by robust Azure growth, a healthy backlog, and positive free cash flow despite market capex concerns.MSFT's Q1 revenue grew 18.8% to $92.2B, with Azure revenue accelerating to 48% growth and Microsoft Cloud up 30%, confirming demand outpaces supply.Capex is elevated but disciplined, with $45.2B reported; MSFT maintains positive free cash flow and a strong balance sheet, differentiating it from peers.Attractive valuation, a $677B backlog, and resilient earnings reinforce the case for accumulation as MSFT converts capex to revenue and margin expansion. tupungato/iStock Editorial via Getty Images
Overview When I previously covered Microsoft Corporation (MSFT), I issued a Strong Buy rating because the fundamentals looked strong and I thought that the company was unfairly lumped into the software selloff. The
10.06K Followers
Analyst’s Disclosure: I/we have a beneficial long position in the shares of MSFT, GOOG, META either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Microsoft on Thursday announced plans to raise $25 billion in bonds, taking advantage of its healthy credit rating to support its infrastructure expansion.
The software maker holds a top-tier AAA rating with S&P, a credit agency. Management is targeting $170 billion in 2026 capital expenditures, as the company looks to meet heavy demand from artificial intelligence labs Anthropic and OpenAI, as well as other clients.
"Microsoft intends to use the net proceeds from the offering for general corporate purposes, which may include, among other things, funding for working capital, capital expenditures, repurchases of capital stock, acquisitions, and repayment of existing debt," according to a statement. The offerings should close on Nov. 4, the company said.
Amazon and Alphabet have engaged the bond market to support infrastructure projects this year, and AI-focused cloud CoreWeave has also relied on the debt market to broaden its data center footprint. Investors have turned more skittish on companies with tall debt piles as central bankers raise interest rates to fight inflation.
Microsoft will access additional funding sources to complement its own cash flow generation when conditions are attractive, Amy Hood, its finance chief, said on the company's earnings call on Wednesday.
"There's a form of financing called leasing, and we've been using that one as a vehicle," she said. "We're fortunate to have access in the debt markets, given where our ratings are, and we haven't yet tapped that."
Microsoft reported positive free cash flow on Wednesday, differentiating itself from Alphabet, whose cash flow was negative for the second quarter in a row. Last week Meta said it had negative free cash flow, and on Thursday Amazon reported negative free cash flow.
Also on Wednesday, Oracle unveiled plans to raise $10 billion in new debt and said it anticipates a return to positive free cash flow in the second half of its 2028 fiscal year.
New York, New York--(Newsfile Corp. - October 29, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Bank of America Corporation (NYSE: BAC) between August 1, 2025 and October 13, 2026, inclusive (the "Class Period"), of the important December 15, 2026 lead plaintiff deadline. SO WHAT: If you purchased Bank of America common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of AMZN, NVDA, META, GOOGL either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
A single crypto wallet quietly offloaded a staggering amount of Solana over five days while ETF investors pulled back and bullish adoption news went ignored. Whether the selling pressure has truly peaked depends on signals that have not yet materialized.
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
An on-chain tracker, Lookonchain, reported that a single wallet sold 1.02 million SOL, worth $104.3 million, over five days ending today. In the crypto world, a holder with that much cryptocurrency is often called a whale, as their actions can significantly impact the market. On top of that, Solana (CRYPTO:SOL) was already trending down when this wallet began selling.
Solana was trading at $102, up 0.7% over the past 24 hours but down 14.6% over the last 30 days. This drop is notably sharper than Bitcoin’s (CRYPTO:BTC) 3.2% decline in the same timeframe. Moreover, SOL closed at a 30-day low of $101 on October 26. So, has the whale’s selling come to an end?
A Whale’s Sale Met Steady Buyers
While Lookonchain provided figures on the whale’s sales, it didn’t clarify how much SOL remains in that wallet or whether the sold coins were transferred to an exchange. This information is crucial, as coins sent to exchanges often end up being sold on the market, which could increase the supply that buyers need to absorb.
Interestingly, the price movements during the selling period were calmer than one might expect. From October 24 to October 28, SOL’s daily closing price never fell below $101, and the coin ended the period at $102. This suggests buyers absorbed the whale’s supply without triggering a major price drop, at least so far.
ETF Outflows Increase While Adoption News Is Overlooked
A second wave of sellers emerged from Wall Street products. Spot ETFs, funds that trade on stock exchanges and hold actual SOL, saw outflows. On October 27, Solana spot ETFs saw withdrawals totaling $19.2 million, followed by another $5.7 million on October 28, according to reports from Farside.
All outflows on October 28 came from the Bitwise Solana Staking ETF (NYSEARCA:BSOL). Despite this exit, the fund still maintained over $1 billion in net assets, making the withdrawal relatively minor compared to its overall size. Consecutive days of outflows signal that ETF investors did not step in to offset the whale’s sales.
Meanwhile, good news about Solana was largely ignored. Ondo migrated all seven of its Ondo Intelligent Portfolios to Solana for eligible non-US investors, with three portfolios based on strategies from BlackRock (NYSE:BLK). In just four weeks, these portfolios attracted over $40 million in total value locked from Ethereum and BNB Chain.
Additionally, Polygon launched Open Money Stack for Solana businesses, offering essential banking features through a single API. Jupiter also launched an institutional validator with BitGo, allowing BitGo clients to stake SOL without moving it out of custody. Adoption news generally builds demand over time, which may be why the market hasn’t reacted strongly yet.
SOL Trades Below Short-Term Averages While Bitcoin Remains Resilient
Traders often use moving averages, which indicate the average closing price over a set period, to assess trends. SOL is trading below its 20-day average of $105 and 50-day average of $109, but it still exceeds its 200-day average of $89. This suggests a short-term downward trend, while the long-term outlook remains stable.
However, buyers have stepped in at certain price points, creating what traders call “support.” The initial support level for SOL is at $99, followed by the next at $98.51. The low close of $101 on October 26 was very close to that first support level, showing how much selling pressure has already hit SOL.
The performance of SOL’s peers also contributes to this decline. Over 30 days, Ethereum (CRYPTO:ETH) fell 12.2%, closely mirroring SOL’s drop, while Bitcoin lost only 3.2%. Over the past week, SOL dropped 1.8%, Ethereum 1.5%, and Bitcoin 0.4%, indicating a consistent trend.
SOL’s smaller market cap compared to Bitcoin helps explain the discrepancy. SOL ranks seventh in market capitalization, at about $60 billion against Bitcoin’s $1.63 trillion, so a $104.3 million sale leaves a bigger dent. SOL also hit a one-year low of $62 on June 6 and has since risen 39.7% over 90 days, so some of the selling could be holders cashing out profits, pressure that might outlast the whale.
Is the Whale’s Selling Finished?
The evidence does not suggest the selling has ended yet. Although SOL bounced back to $102, we need a clear indication of the whale’s remaining balance, a reversal of ETF flows back to inflows, and improved demand from recent adoption news. As of now, the wallet’s remaining balance remains unverified, and outflows have continued for two consecutive days.
Buyers absorbed the whale’s supply while SOL stayed above $100, indicating demand at the current price. But absorbing supply and driving the price higher are different things, and SOL has not yet recovered its 20-day average. A close below $99, then $98.51, would suggest selling pressure remains active. A close above $105 alongside Solana ETFs logging inflows would mean the exit is absorbed, with fresh buyers behind the bounce.
Contact [email protected] for any questions or corrections.
MetaMask just handed Stellar a massive distribution win, Curve deployed on its mainnet, and a $2.38 billion tokenized fund chose it as home. So why are XLM holders watching their bags shrink instead of grow?
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
MetaMask, the self-custody wallet created by Consensys, has set Stellar (CRYPTO: XLM) as its default network in both the MetaMask Mobile app and the MetaMask Extension. Now, every MetaMask account comes with a Stellar address, which users don’t need to set up separately. Despite this integration, the XLM price continues to decline.
Additionally, Curve, a decentralized exchange, has gone live on the Stellar mainnet, marking its first deployment on a network built differently from Ethereum (CRYPTO: ETH). Both of these announcements came out between October 28 and October 29, 2026. In another development, Spiko’s SAFO fund became the largest tokenized investment fund on October 23, boasting $2.38 billion in assets, with $1.65 billion managed on Stellar.
XLM trades at $0.17, down 24.3% for the month. A modest 1.1% gain over the past 24 hours does little to offset the significant sell-off experienced throughout October. Evidence suggests that while Stellar has had many positive announcements, they haven’t been enough to lift the token’s price, and traders seem to be separating the news from the asset’s performance.
What’s New With MetaMask, Curve and Spiko on Stellar?
Stellar is primarily a payments blockchain designed to facilitate inexpensive transactions for stablecoins, cross-border remittances, and tokenized assets. XLM is the native token used to cover transaction fees on the network, which processed $55.6 billion in payments during 2025, an increase of 52%
MetaMask’s update adds a Stellar address to every wallet user. However, users must fund their accounts with XLM to activate them, since a small minimum balance is required. Thus, while the integration creates potential new accounts, active accounts will only emerge when users deposit funds.
Curve is best known for its StableSwap pools, which efficiently trade assets meant to have equal value, such as dollar-pegged stablecoins. Curve’s StableSwap pools were the first to go live on Stellar, with FXSwap pools to follow after a security audit.
Spiko’s SAFO fund, an investment fund that offers shares as blockchain tokens, surpassed competitors like USYC and BlackRock (NYSE: BLK | BLK Price Prediction)’s BUIDL fund to become the largest at $2.38 billion. A significant portion ($1.65 billion) of SAFO is also managed on Stellar.
Additionally, the custody firm Taurus has begun supporting Stellar smart-contract assets, while the Stellar Development Foundation has made a strategic investment in Marketnode, which is backed by major players such as Euroclear, HSBC (NYSE: HSBC), SGX, and Temasek.
Why Do Stablecoins Get the Volume While XLM Collects Minimal Fees?
Despite the exciting news, the announcements do not specify XLM as the token used for trade settlements. Instead, Spiko’s fund shares, Curve’s stablecoin pools, and Taurus’s custody offerings all utilize assets other than XLM. Institutions use Stellar as infrastructure to manage dollars and fund shares, with XLM generating only minimal network fees.
Demand for XLM comes from only two sources: a small transaction fee and the reserve each account must maintain. These fees are intentionally low and don’t increase with larger transactions, so significant fund redemptions cost as much XLM as smaller payments. As usage rises, demand for XLM can remain relatively stagnant.
The MetaMask integration doesn’t require anyone to buy XLM. While users now have access to Stellar, Consensys hasn’t released user figures for this rollout, so estimating new demand for XLM from MetaMask remains speculative.
Spiko’s figures should be interpreted with caution, as Stellar holds $1.65 billion of SAFO’s total $2.38 billion, suggesting the fund operates across multiple chains and can allocate new investments where it sees fit.
Why Did XLM Fall Further Than Bitcoin and Ethereum in October?
While the broader market has had its ups and downs, XLM’s decline stands out. Over the 30 days ending October 29, XLM fell 23.0%, significantly underperforming Bitcoin (CRYPTO: BTC), which dropped only 3.1%, and Ethereum, which slid 12.1%. This suggests focused selling pressure on XLM.
Much of this may be a correction after a September rally, when XLM closed at $0.23, reaching a monthly high of $0.24. Traders who capitalized on that momentum appear to be exiting their positions as news unfolds. XLM is down 45.8% year-over-year and trades 80.4% below its all-time high of $0.88, set on January 2, 2018. A single partnership or announcement typically cannot reverse such a deep decline.
Can Stellar’s MetaMask and Curve Launches Lift the XLM Price? As it stands, Stellar’s achievements through MetaMask, Curve, and partnerships with Spiko and Taurus have not yet translated into a stronger demand for XLM. As the network expands, the token benefits only slightly from transaction fees and account reserves. Current demand is insufficient to offset the significant 23.0% drop over 30 days.
Curve’s FXSwap could launch with XLM pools that attract steady trading, or Consensys could report funded Stellar accounts in MetaMask, and either one could tie XLM demand to usage. If XLM keeps closing below its 50-day average of $0.19 after FXSwap goes live, Stellar’s partners are benefiting more than the token, and holders bear the cost. So can XLM’s price follow Stellar’s growth? Only if one of those signals appears.
Contact [email protected] for any questions or corrections.
Starbucks (SBUX - Free Report) reported $9.14 billion in revenue for the quarter ended September 2026, representing a year-over-year decline of 4.5%. EPS of $0.80 for the same period compares to $0.52 a year ago.
The reported revenue represents a surprise of -1.41% over the Zacks Consensus Estimate of $9.27 billion. With the consensus EPS estimate being $0.73, the EPS surprise was +9.59%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Starbucks performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Comparable Store Sales - North America - Sales Growth: 7.9% versus 7.2% estimated by five analysts on average.Total Stores: 41,607 versus the five-analyst average estimate of 41,477.Comparable Store Sales - International - Sales Growth: 0.9% compared to the 3% average estimate based on four analysts.Total Stores - International: 23,431 versus 23,157 estimated by four analysts on average.Net Revenues- North America: $7.33 billion versus the three-analyst average estimate of $7.34 billion. The reported number represents a year-over-year change of +6.2%.Net Revenues- International: $1.31 billion versus $1.38 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -37% change.Net Revenues- Company-operated stores- North America: $6.69 billion versus the three-analyst average estimate of $6.71 billion. The reported number represents a year-over-year change of +6.6%.Net Revenues- Other- International: $7.4 million compared to the $13.48 million average estimate based on three analysts. The reported number represents a change of -52.9% year over year.Net Revenues- Company-operated stores: $7.43 billion compared to the $7.42 billion average estimate based on six analysts. The reported number represents a change of -5.5% year over year.Net Revenues- Licensed stores: $1.2 billion versus $1.21 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +9.4% change.Net Revenues- Other: $515.5 million compared to the $639.62 million average estimate based on six analysts. The reported number represents a change of -16% year over year.Net Revenues- Channel Development: $494.4 million versus $571.02 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -8.9% change.View all Key Company Metrics for Starbucks here>>>
Shares of Starbucks have returned +9.8% over the past month versus the Zacks S&P 500 composite's +0.9% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Xerox cut its 2026 adjusted operating income outlook by up to $130 million on October 29, three months after raising it by $105 million, partly based on an IEEPA tariff-receivable benefit. Investors who suffered losses may have legal rights.
, /PRNewswire/ -- Xerox Holdings Corporation (NASDAQ: XRX) shares fell sharply on October 29, 2026, after the Company cut its full-year 2026 adjusted operating income outlook to $450 million to $475 million. The revised outlook was as much as $130 million below the range announced in July, which included a $105 million pretax benefit from recognizing IEEPA tariff receivables. If you bought Xerox stock and are now holding losses, this affects you directly. Shareholders who lost money are encouraged to report their XRX losses here or contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.
On July 30, 2026, Chief Financial Officer Chuck Butler said adjusted operating income was "now expected in the range of $555 million to $605 million, up $105 million from the prior outlook, primarily because of the recognition of IEEPA tariff receivables in Q2."
Xerox's Form 10-Q, submitted to the SEC on August 6, 2026, recorded a $105 million reduction to Cost of Sales in connection with the tariff receivables. The entry was disclosed under Note 12 -- Debt. It increased reported operating income by $105 million, while related financing costs were recorded elsewhere over time. The revised outlook now sits $105 million to $130 million below the July range.
Levi & Korsinsky is investigating whether Xerox may not have adequately disclosed how its tariff-receivable accounting shaped reported results and guidance. The investigation also concerns whether investors may have claims arising from potential securities law violations.
Xerox investors who lost money can have their Xerox losses reviewed today or call (212) 363-7500.
WHY LEVI & KORSINSKY -- Ranked in ISS Securities Class Action Services' Top 50 Report for seven consecutive years, Levi & Korsinsky, LLP is a nationally recognized leader in shareholder rights litigation. With a team of over 70 professionals, the firm has recovered hundreds of millions of dollars for investors.
Frequently Asked Questions About the XRX Investigation
Q: Who is eligible to participate in the XRX investigation?A: Investors who purchased XRX stock or securities and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses -- not on whether you still hold the shares.
Q: Which statements are being investigated as potentially misleading?A: The investigation concerns whether Xerox made materially false or misleading statements or omissions regarding its recognition of $105 million in IEEPA tariff receivables and the resulting benefit to its full-year 2026 adjusted operating income outlook. On October 29, 2026, Xerox cut its outlook to $450 million–$475 million, down from $555 million–$605 million announced in July. The investigation will examine whether the Company adequately disclosed the nature and implications of the tariff-related accounting benefit before the guidance reduction.
Q: What do XRX investors need to do right now?A: Investors may gather brokerage records showing purchase dates, share quantities, and prices paid. Submit your information for a no-cost, no-obligation evaluation of your potential recovery. No immediate action is required to remain eligible to participate in the investigation.
Q: What documents do I need to participate?A: Brokerage statements or trade confirmations showing purchase dates, share quantities, prices paid, and any subsequent sale dates and prices.
Q: What if my XRX losses are small -- is it still worth contacting a lawyer?A: Yes. There is no minimum loss amount required to participate in the investigation.
Q: Do I need to go to court or give testimony?A: No. Participating in the investigation does not require court appearances or depositions. If legal action is later pursued, the overwhelming majority of affected investors never appear in court either.
Q: What does it cost me to participate?A: There is no upfront cost to submit your information and review whether you may be eligible to recover. Should you choose to participate in any resulting action, these matters are generally handled on a contingency basis, with any attorneys' fees and expenses subject to court approval.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
Attorney Advertising. Prior results do not guarantee similar outcomes.
Shares of Norwegian Cruise Line (NCLH +13.45%) rose more than 13% on Thursday after the travel company reported stronger-than-expected profits.
Image source: Getty Images.
Efficiency gainsNorwegian's revenue inched up less than 1% year over year to $2.9 billion in the third quarter. The cruise ship operator said an increase in last-minute bookings and higher onboard guest spending contributed to the gains.
The company's expense-reduction initiatives helped to offset rising fuel costs related to conflict in the Middle East. Adjusted net cruise cost, excluding fuel, per capacity day improved by 2.2% to $152.
"We delivered third-quarter results that came in above guidance, all while continuing to strengthen our commercial capabilities, improve operating efficiency, and enhance the guest experience," CEO John Chidsey said.
$18.22+$2.16 (+13.45%)
NYSE · As of 4:00 PM ET 10/29/26
All told, Norwegian's adjusted net income checked in at $514 million, or $1.12 per share. That bested Wall Street's projections, which had called for per-share earnings of $0.93.
These profits, combined with asset sales, are enabling the travel company to strengthen its balance sheet by paying down debt, thereby reducing the risks for investors.
Raised guidanceThese encouraging results and ongoing cost-saving trends prompted Norwegian to heighten its full-year financial targets. Management now projects adjusted net income of $789 million, or $1.70 per share. That's up from a previous forecast of $700 million, or $1.50 per share.
Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
PepsiCo has lost nearly a third of its value since 2023, and a brand you grew up loving can quietly disguise just how much retirement risk is sitting in your 401(k) right now.
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
PepsiCo (NASDAQ:PEP | PEP Price Prediction) topped out near $196 in 2023. Shares now trade around $134, a decline of about 32%.
If you’re 58 and grew up on Doritos, Gatorade and Mountain Dew, that drop may not feel like risk at all. The brand is everywhere, the dividend keeps rising, and the stock can feel like the safest thing in your 401(k).
For illustration, take a hypothetical Gen X saver with $500,000 in her plan, $80,000 of it in PepsiCo through her employer’s brokerage window. That puts 16% of her retirement in one company.
Knowing the Brand Tells You Little About the Stock PepsiCo is a snack and beverage company operating in more than 200 countries and territories. The share price is what investors will pay for that company’s future earnings, and it moves on its own, however often you see the logo.
PepsiCo’s profit outlook has weakened. Management slashed its 2026 core EPS growth forecast to 2.5% to 3.5%, down from the low end of an earlier 5% to 7% range. Core operating profit in North American snacks fell 12% on a constant-currency basis. On the third-quarter call, CEO Ramon L. Laguarta said, “We do not feel good about the beverage business,” and added that the company does not expect consumers to be in a much better place “in the next 12 to 18 months.”
What a One-Third Drop Costs on $80,000 If her $80,000 PepsiCo position fell by a third, she’d lose about $26,700. That’s company-specific damage: a pricing misstep, cost inflation or a weak soft-drink lineup can do it while the broader market rises.
A diversified fund such as the Vanguard S&P 500 ETF (NYSEARCA:VOO), which charges 0.03% a year, spreads that risk across hundreds of companies. One holding’s stumble just moves the total.
A Rising Yield Can Hide a Shrinking Position PepsiCo yields about 4.4% and has raised its dividend for 54 consecutive years.
At the 2023 peak, the quarterly payout of $1.15 worked out to a yield near 2.3%.
The payout has since grown about 29% to $1.48, but the falling share price did much of the work of driving the yield higher.
At roughly 4.4%, $80,000 in PepsiCo shares produces about $3,550 a year in dividends at the current payout rate. That income can look steady even while the principal behind it shrinks. Inside a 401(k), those dividends remain in the account until withdrawn. Plan your retirement income around total return, and treat the headline yield as one piece of it.
Selling Inside the Plan Triggers No Tax Bill Many long-time holders avoid selling because of capital gains taxes. Inside a traditional 401(k), trades are tax-free events. Tax comes due only when money leaves the plan.
Withdrawals are where the tax cascade starts. Distributions count as ordinary income, which can make up to 85% of Social Security benefits taxable under 26 U.S.C. § 86(a)(2).
In 2026, Medicare surcharges begin above $109,000 for single filers or $218,000 for married couples filing jointly. The first tier adds about $1,148 a year for someone enrolled in both Parts B and D.
Medicare generally looks at income from two years earlier, so what she reports at 63 could affect her premiums at 65. The thresholds and surcharge amounts will be different by then.
Required minimum distributions (RMDs) begin at 73 for some retirees and later for younger savers, and missing one carries a 25% excise tax. A heavy, struggling position can force sales at low prices just to meet the withdrawal (we walked through how to shrink that first-year tax bill years before it lands in a free guide here).
New money is easier to direct. She can put future 401(k) contributions into diversified funds instead of adding to her PepsiCo position.
Three Checks Before Your Next Statement Add up your real exposure. Count PepsiCo shares in the brokerage window, any company stock and the stock funds you hold. If one name tops about 10% of the account, decide on purpose whether that weight fits your retirement allocation. Check your sector mix. Consumer staples can feel defensive, but owning several brand-name food and beverage stocks concentrates you in the same cost and consumer pressures PepsiCo is reporting now. Map your withdrawals two years before Medicare. Compare your expected retirement income with the surcharge thresholds in effect when you approach 65, then plan your 401(k) distributions year by year to avoid unnecessary premium increases. PepsiCo’s next earnings report will show whether the lowered fiscal 2026 guidance holds, a natural moment to repeat these checks on your own account.
Contact [email protected] for any questions or corrections.
Key Takeaways Amazon Follows Alphabet Yesterday Missing on Top & Bottom LinesIntel and Starbucks Both Selloff After Afternoon Earnings Reports This trading day began with major indexes in the red, and they stayed there. Alphabet’s (GOOGL - Free Report) miss yesterday afternoon on both top and bottom lines got investors off on the wrong foot this morning. The Dow slid -284 points today, the Nasdaq was down -365 and the S&P 500 lost -45 points. Conversely, the small-cap Russell 2000 had a good day: +28 points, as investors rotated out of Big Tech into smaller names.
Earnings Reports After the Close: AMZN, INTC, SBUX
Reminiscent of Alphabet’s performance Wednesday, Amazon (AMZN - Free Report) today became the latest Mag 7 hyperscaler to disappoint investors on both earnings and revenues. The former came in at $1.89 per share, well off the $2.01 in the Zacks consensus and the $1.95 per share reported in the year-ago quarter. Revenues of $201.9 billion were just light of the expected $202.1 billion. Guidance was inline with earlier estimates.
Once again, AI spending is a concern. Otherwise, Amazon put up some pretty decent numbers: +13.9% on Operating Margin was the company’s highest ever. AWS cloud business grew another +39%. But shares selling off nearly -6% brings the stock to breakeven year to date and from this time last year.
Intel Corp. (INTC - Free Report) zoomed past expectations on its Q3 earnings after the close, with $0.52 per share nicely ahead of the $0.39 analysts had forecast. Revenues of $16.5 billion narrowly improved over the $16.44 billion in the Zacks consensus. Shares are giving up -16.6% on the news, but the stock is still up well over +100% year to date.
Starbucks’ (SBUX - Free Report) turnaround continues, with 250 stores closed in the quarter, which brought revenues down even lower than expected for the quarter: $9.14 billion from the $9.27 billion consensus (and the $9.57 billion reported in the year-ago quarter). Earnings outpaced estimates to $0.80 per share, up +54% from a year ago. The company’s joint venture retail operations with China has not yet captivated investors; shares are down -2.6% in the after market.
Questions or comments about this article and/or author? Click here>>
Earnings ResultsIntel’s PC business is under pressure as memory-chip prices dent demand and as corporate IT teams have less budget for laptopsUpdated
Intel’s stock is pacing toward a double-digit drop as a PC slowdown spooks investors.
The company blamed a weak personal-computer market for a revenue forecast that came up well shy of what analysts were expecting Thursday. Intel’s INTC outlook for the December quarter calls for between $15 billion and $16 billion of revenue, below the $17.1 billion FactSet consensus view.
Intel's $155 Price Target Raises a Bigger Question About Its Turnaround PotentialIntel NASDAQ: INTC reported third-quarter results that exceeded its guidance for revenue, gross margin and earnings per share, supported by strong demand for server CPUs and improved manufacturing output. Management said the gains were partly offset by a sharp deterioration in the PC market tied to higher memory prices, constrained memory availability and limited IT budgets.
Third-quarter revenue was $16.5 billion, while non-GAAP gross margin reached 44.1%, about 200 basis points above the company’s guidance. Non-GAAP earnings per share were $0.52, compared with guidance of $0.38. Chief Financial Officer Dave Zinsner said higher revenue, stronger margins and disciplined spending drove the upside. Operating cash flow was $5.91 billion.
Get Intel alerts:
The AI Buildout Is Only 15% Complete—Here Is Where the Next Dollar Actually GoesIntel ended the quarter with about $54 billion in cash and short-term investments and $15 billion in borrowing capacity under extended revolvers. The company also completed a $23 billion equity offering in August, with related interest income contributing about $0.01 to third-quarter EPS, Zinsner said.
Data Center Growth Outpaces Client Weakness Data Center and AI, or DCAI, revenue was $7.3 billion, up 17% sequentially and nearly 80% from a year earlier. The segment generated $3 billion in operating profit, or 42% of revenue. Intel said the growth was broad-based across hyperscale, enterprise and “Neo Cloud” customers, while purpose-built silicon revenue rose more than 50% sequentially and more than doubled year over year.
4 Stocks With Demand So Sticky That the AI Sell-Off Barely Touched Them at AllCEO Lip-Bu Tan said the demand environment became more balanced in the third quarter, with momentum in DCAI helping produce the segment’s strongest revenue growth in 15 years. However, he said demand for data-center products continues to exceed available supply.
Granite Rapids, Intel’s Intel 3-based server product family, has become the company’s largest server product family, according to Zinsner. Clearwater Forest, Intel’s first Intel 18A server product, is shipping for revenue, while Diamond Rapids is sampling and remains on track to ramp in 2027, Tan said.
Intel also announced an agreement with Oracle Cloud Infrastructure to deploy its latest-generation CPUs for Oracle’s AI infrastructure build-out. Tan said customers are seeking long-term agreements to secure CPU supply.
Management identified several constraints on server output, including advanced organic substrate shortages for EMIB packaging and continuing work to improve Intel 3 yields and cycle times. In addition, an accident at Intel’s Fab 28 facility in Israel led to an extended shutdown and will affect 10-nanometer server shipments.
Zinsner said Intel expects the Fab 28 incident to reduce fourth-quarter revenue by about $300 million and gross margin by roughly 200 basis points. The revenue impact could be similar in the first quarter, though most wafer write-offs are expected to occur in the fourth quarter.
PC Market Faces Inventory Correction Client Computing Group, or CCPG, revenue was $8.1 billion, down 9% sequentially and below Intel’s expectations. The segment’s operating profit was $2.3 billion, or 28% of revenue, and was approximately flat sequentially, aided by lower inventory charges.
Tan said PC customers began signaling a slowdown as rising memory costs and reduced availability pushed system endpoint prices higher. OEM partners have been reducing inventory to align purchases with weaker sell-through, he said.
Zinsner said Intel expects the PC market’s unit total addressable market to decline about 12% in 2026, with second-half unit volumes down more than 20%. For 2027, Intel is planning for PC unit demand to decline roughly 10%, with the steepest year-over-year declines expected in the first half.
The CFO said the inventory correction is expected to weigh heavily on the fourth and first quarters and may extend somewhat into the second quarter. Intel does not expect memory availability and pricing to improve during 2027.
Despite the market conditions, Intel said its AI PC revenue rose 35% year over year in the third quarter. Wildcat Lake unit volume increased about 70% sequentially and the product is sold out, Zinsner said. Intel expects Nova Lake to address a gap in its high-end desktop portfolio and believes the product lineup could support market-share gains as the market stabilizes.
Foundry Progress and Increased Investment Intel Foundry revenue totaled $6.7 billion, up 16% sequentially, while external foundry revenue was $411 million, including a non-recurring customer program. The foundry business reported a $1.9 billion operating loss, though that represented a $236 million sequential improvement.
Intel said Intel 3 costs have improved about 15% since the first quarter, while Intel 18A costs have declined about 40% over the same period. Zinsner said Intel 18A client CPUs have risen from less than 5% of client CPU revenue in the first quarter to nearly one-third currently.
Tan said Intel 18A yields improved at a double-digit rate during the quarter and that Intel 18A-P remains on track for launch across Intel’s internal product portfolio by year-end. He also said Intel released its 0.9 process design kit for Intel 14A to select customers in October and expects to release the 1.0 PDK in the first quarter of next year.
Intel expects to announce “a couple” of advanced-packaging customers over the next two quarters, Tan said, while declining to identify customers or provide further details on external foundry engagements.
Fourth-Quarter Outlook For the fourth quarter, Intel forecast revenue of $15 billion to $16 billion. At the $15.5 billion midpoint, the company expects non-GAAP gross margin of 38%, a non-GAAP tax rate of 11% and non-GAAP EPS of $0.25.
DCAI revenue is expected to rise by a mid-teens percentage sequentially. Purpose-built silicon is expected to grow faster than the DCAI segment overall. CCPG revenue is expected to decline more than 20% sequentially as customers reduce inventory. Fourth-quarter non-GAAP operating expenses are expected to be about $4.4 billion. Intel maintained its expectation for $20 billion in gross capital expenditures for 2026 and said 2027 capital spending will increase substantially. Zinsner said the company expects 2027 to be an investment year and does not anticipate positive free cash flow as it ramps Intel 3 and 18A production and prepares Intel 14A for production in 2028.
“We have significant work ahead of us,” Zinsner said, but added that stronger server markets, improving manufacturing execution and the company’s product roadmap provide increasing confidence in Intel’s long-term earnings and cash-flow potential.
About Intel (NASDAQ:INTC)Intel Corporation NASDAQ: INTC is a global semiconductor company that designs and manufactures computing and connectivity products. Its portfolio includes Intel Core processors for personal computers, Xeon processors for data centers and enterprise systems, and products for networking, edge computing, graphics, and artificial intelligence workloads.
Through Intel Foundry, the company also provides semiconductor manufacturing and technology-development services for external customers. Intel develops process technologies, advanced packaging, and other manufacturing capabilities intended to support its own products and third-party chip designs.
Founded in 1968 by Robert Noyce and Gordon Moore, Intel helped establish the modern microprocessor industry and has historically supplied processors for PCs, servers, and other computing systems.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
Should You Invest $1,000 in Intel Right Now?Before you consider Intel, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Intel wasn't on the list.
While Intel currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The space race is growing fast, and you don’t have to have gotten in early on SpaceX to profit. This report shows seven space stocks you can buy today that may grow as rockets, satellites, defense, space internet, and new space technology become more important.
Get This Free Report
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
SummaryIntel Corporation faces a sharp post-earnings selloff after disappointing forward guidance, despite beating top- and bottom-line expectations.INTC's Q4 revenue and EPS outlook significantly underperformed analyst expectations, driven by PC weakness and a major Israeli fab shutdown.The data center business showed 78% YoY growth, nearly surpassing the PC segment before supply chain disruptions paused momentum.At current valuations, I rate INTC a Hold until supply chain recovery and U.S. fab capacity prove sufficient to reignite the growth story. JHVEPhoto/iStock Editorial via Getty Images
A post-earnings surprise It's been a while since I've covered Intel Corporation (INTC). The last time I did, the stock was in the doldrums and more of an asset play than an actual
10.84K Followers
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Disclaimer: The information in this article is intended for general informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. The views expressed are solely those of the author, based on independent research, analysis, and professional experience. Although the author is a CERTIFIED FINANCIAL PLANNER™ (CFP®) and owner of Ashcroft Green Advisors, a fee-only registered investment advisory firm, the content may not be suitable for your individual financial situation, objectives, or risk tolerance. Readers should consult with a qualified financial professional before making any decisions based on this material.
The author and/or clients of Ashcroft Green Advisors may hold positions in securities discussed in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
For the quarter ended September 2026, Digital Realty Trust (DLR - Free Report) reported revenue of $1.9 billion, up 20.6% over the same period last year. EPS came in at $2.10, compared to $0.15 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.74 billion, representing a surprise of +9.02%. The company delivered an EPS surprise of +6.6%, with the consensus EPS estimate being $1.97.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Digital Realty Trust performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Earnings per Share (Diluted): $0.48 versus the four-analyst average estimate of $0.57.Revenues- Rental revenues: $1.22 billion versus the five-analyst average estimate of $1.18 billion. The reported number represents a year-over-year change of +17.1%.Revenues- Interconnection and other: $131.36 million versus $132.25 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +9.1% change.Revenues- Fee Income: $75.3 million versus the five-analyst average estimate of $42.76 million. The reported number represents a year-over-year change of +106.9%.Revenues- Tenant reimbursements (Utilities + Other): $470.95 million versus $396.38 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +27.3% change.Revenues- Other: $0.01 million versus $0.59 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -99.8% change.Revenues- Tenant reimbursements- Other: $47.03 million versus $43.29 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +26.1% change.Revenues- Tenant reimbursements- Utilities: $423.92 million versus $347.31 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +27.4% change.View all Key Company Metrics for Digital Realty Trust here>>>
Shares of Digital Realty Trust have returned +2.4% over the past month versus the Zacks S&P 500 composite's +0.9% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Costco (COST - Free Report) closed at $996.08 in the latest trading session, marking a +1.36% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.31%. At the same time, the Dow lost 0.25%, and the tech-heavy Nasdaq lost 1.38%.
Shares of the warehouse club operator witnessed a gain of 7.95% over the previous month, beating the performance of the Retail-Wholesale sector with its gain of 3.86%, and the S&P 500's gain of 0.87%.
The upcoming earnings release of Costco will be of great interest to investors. On that day, Costco is projected to report earnings of $4.87 per share, which would represent year-over-year growth of 12.21%. Meanwhile, the latest consensus estimate predicts the revenue to be $74.14 billion, indicating a 10.16% increase compared to the same quarter of the previous year.
COST's full-year Zacks Consensus Estimates are calling for earnings of $22.7 per share and revenue of $328.61 billion. These results would represent year-over-year changes of +11% and +8.4%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for Costco. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.74% decrease. Costco is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note Costco's current valuation metrics, including its Forward P/E ratio of 43.3. This valuation marks a premium compared to its industry average Forward P/E of 19.64.
It is also worth noting that COST currently has a PEG ratio of 4.2. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Retail - Discount Stores industry had an average PEG ratio of 1.89 as trading concluded yesterday.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 75, finds itself in the top 31% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
MarketBeat Week in Review – 08/10 - 08/14First Solar NASDAQ: FSLR reported third-quarter net sales of approximately $1.2 billion, gross margin of about 58%, net income of $571 million and adjusted EBITDA of $744 million, as the company advanced its U.S. manufacturing expansion, CuRe technology deployment and perovskite research program.
Chief Executive Officer Mark Widmar said third-quarter sales declined roughly 23% from the prior-year period, primarily reflecting lower third-party module volumes. However, gross margin increased by about 20 percentage points year over year, aided by a higher mix of U.S.-produced modules as well as lower freight rates, underutilization costs, tariffs and duties. Diluted earnings per share were $5.30, compared with $4.24 a year earlier.
Get First Solar alerts:
Manufacturing and Technology Plans First Solar’s Profit Engine Faces a New Policy Test in WashingtonFirst Solar said it is deploying its CuRe technology through a staged, “learnings-based” process. After beginning with a Series 6 conversion in Perrysburg, Ohio, during the first quarter, the company expects to start its first Series 7 conversion at its India facility in the first quarter of 2027.
Widmar said beginning the Series 7 transition in India is intended to allow the company to refine the process in a lower earnings-impact environment before replicating it across its U.S. Series 7 fleet. Subject to a supportive trade environment, the company plans to flex India front-end output to supply U.S. facilities during U.S. conversions, supporting U.S. back-end throughput and preserving partial domestic-content and Section 45X-eligible production during the transition.
Megatrends Still Matter: 3 Growth Stocks for the Next 10 YearsIndia’s finished-goods production is expected to range from 2.2 gigawatts to 2.6 gigawatts in 2027. First Solar also said its South Carolina Series 6 finishing facility is being brought online in two phases using an integrated manufacturing flow from Vietnam. The first phase began production during the third quarter, while the second phase is expected to reach commercial launch in mid-2027 after a roughly one-quarter delay to incorporate CuRe technology. South Carolina production is expected to be 2.2 GW to 2.5 GW in 2027.
The company’s Ohio pilot line designed to produce Series 6-size perovskite modules remains on track for operational readiness in the first half of 2027. The line is intended to support field deployment and validation of manufacturing, performance and durability before broader scaling decisions. First Solar also cited its newly announced licensing agreement with CubicPV and its earlier intellectual-property agreement with Oxford PV as support for its perovskite roadmap.
Backlog, Pricing and Market Conditions First Solar ended the quarter with 44 GW under contract, representing approximately $13.5 billion of contracted value excluding technology adjusters, with deliveries scheduled through 2030. Since its previous earnings call, the company recorded about 1.4 GW of additional U.S. gross bookings at an average selling price of roughly $0.36 per watt, including applicable technology adjusters.
Chief Financial Officer Alex Bradley said substantially all of that volume was contracted or in late-stage negotiation before the Section 232 announcement, when pricing and terms had largely been set. The company also has approximately 4 GW of variable volume under previously signed contracts that is not included in contracted backlog. About half of that volume has customer decision dates within the next five months, with the rest spread through 2027 and 2028.
Management said recent customer activity has shifted toward project-specific contracts with defined delivery schedules rather than broad, multi-year framework agreements. Widmar said the structure can provide better visibility into permitting, interconnection, financing and delivery timing, although it can slow reported backlog additions compared with larger framework deals.
The company said developers are concentrating on nearer-term projects while facing uncertainty tied to project economics, tariffs, battery costs, interconnection issues, local opposition and pending foreign-entity-of-concern guidance. Widmar cited an example of a 2-GW procurement that was in late-stage negotiations before a state imposed a moratorium that stopped the project.
First Solar said it has raised pricing on negotiations that remained in earlier stages following the Section 232 announcement and on new opportunities that emerged afterward. However, management declined to provide a specific pricing outlook, noting that prices vary by product type, domestic content and manufacturing location. Widmar said pricing for imported finished modules from Malaysia would be at the low end of the company’s range, while domestically manufactured Series 7 modules would be at the high end.
Malaysia Decision and Updated Outlook First Solar expects to decide in the first half of 2027 whether to operate its Malaysia facility at full or near-full capacity or shut down production. The facility can produce finished international modules, while Vietnam is expected to provide semi-finished product for the South Carolina finishing operation.
Bradley said the company has maintained low throughput at Malaysia during 2026 because the associated underutilization cost was worth retaining the option to serve potential demand for international product. First Solar intends to prioritize sales of U.S.-content modules, followed by South Carolina finishing-line production, before international modules. Management said either outcome for Malaysia is not expected to materially affect its run-rate earnings profile.
The company updated its 2026 guidance to reflect lower sales volume at the low end of its range for India domestic, international Series 6 and U.S. finishing products. First Solar reduced its forecast for India domestic volume sold by about 0.7 GW. Its forecast for fully domestic products sold was unchanged.
Operating-expense guidance for 2026 was unchanged, as higher legal spending related to defending its TOPCon intellectual-property position and increased perovskite research spending were offset by delayed South Carolina startup expenses. Perovskite-related spending, originally forecast at approximately $100 million, is now expected to total about $120 million. Net-cash guidance also remained unchanged, with lower expected cash inflows from volume sales offset by reduced forecast capital expenditures.
Capital Allocation First Solar ended the quarter with approximately $1.5 billion in net cash, at the low end of its long-term target range of $1.5 billion to $2 billion. Following the Section 232 proclamation during the third quarter, the board authorized a share-repurchase program of up to $500 million, effective immediately and without an expiration date.
Bradley said the authorization is intended to support shareholder returns while preserving the company’s ability to invest in technology development, research, manufacturing growth and potential complementary technology acquisitions.
About First Solar (NASDAQ:FSLR)First Solar, Inc is a vertically integrated solar technology and manufacturing company that designs, manufactures and sells photovoltaic (PV) solar modules. Its modules use advanced thin-film semiconductor technology based on cadmium telluride (CdTe), rather than the crystalline-silicon technology used by most solar manufacturers. The company serves utility-scale solar developers, commercial and industrial customers, and other large-scale energy users.
Founded in 1999 and headquartered in Tempe, Arizona, First Solar operates research and development, manufacturing and recycling facilities in the United States and internationally.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
Should You Invest $1,000 in First Solar Right Now?Before you consider First Solar, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and First Solar wasn't on the list.
While First Solar currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of the 7 hottest IPOs expected to hit Wall Street in 2026. See which companies are preparing to go public and why investors are watching closely.
Get This Free Report
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
3 Blue-Chip Stocks Built for a Rotating MarketGilead Sciences NASDAQ: GILD reported third-quarter 2026 base business sales growth of 16% year over year, its strongest growth rate in more than a decade, as HIV products, TRODELVY and Livdelzi drove performance. The company also raised its full-year base business revenue outlook while outlining the expected impact of Medicare drug pricing on BIKTARVY beginning in 2028.
Total product sales excluding Veklury were $8.2 billion, up 16% from a year earlier and 8% sequentially, according to Chief Commercial and Corporate Affairs Officer Johanna Mercier. Including Veklury, product sales were $8.3 billion, up 13% year over year. Veklury sales declined as COVID-19-related hospitalizations fell.
Get Gilead Sciences alerts:
These 3 Cash Flow Machines Provide Stability in Uncertain MarketsNon-GAAP diluted earnings per share were $2.55, compared with $2.47 in the prior-year quarter. Chief Financial Officer Andrew Dickinson said that, excluding a prior-year contribution tied to royalty contract and other revenue, non-GAAP EPS rose 15% year over year. Third-quarter product gross margin was 88%, up from 86% a year earlier, primarily due to the expiration of a TAF-related royalty obligation in November 2025.
HIV Portfolio Leads Commercial Growth HIV sales reached $6.2 billion in the quarter, rising 18% year over year. Mercier attributed the performance to higher average realized prices, demand and favorable inventory dynamics, though she said the inventory effect is expected to normalize by year-end.
3 Cash-Flow Machines Investors May Want Heading Into 2026BIKTARVY sales increased 10% to $4.1 billion. The drug reached a record 53% U.S. treatment market share, supported by gains among new patients, retention and improving access following changes to Florida’s ADAP program, Mercier said.
HIV prevention sales nearly doubled from a year earlier. Yeztugo generated $305 million in sales, up 31% sequentially, and Gilead continues to expect about $1 billion in full-year Yeztugo sales. The company said Yeztugo has become the leading long-acting injectable prevention regimen, with more than 70% of users returning for their second injection.
DESCOVY sales rose 49% year over year to $1 billion, with PrEP representing about 80% of total DESCOVY revenue. Combined, Yeztugo and DESCOVY for PrEP held 50% market share and represented a $4 billion annual run rate, according to Chief Executive Officer Daniel O’Day.
Gilead also began the launch of Bixlenvo, a daily oral combination of bictegravir and lenacapavir for virally suppressed adults with HIV that received U.S. approval in August. Mercier said early uptake among patients on complex regimens was in line with company expectations.
Guidance Raised, BIKTARVY Pricing Impact Detailed Gilead raised its 2026 base business sales forecast to a range of $30.7 billion to $31 billion, representing a $900 million increase at the midpoint from its August outlook. Total product sales are now projected at $31 billion to $31.3 billion, including approximately $300 million in expected Veklury sales.
The company expects HIV sales to grow approximately 12% for the full year, while cell therapy revenue is expected to decline by a mid-teens percentage rate. Gilead said fourth-quarter inventory building should be smaller than typical because of a larger-than-usual increase during the third quarter.
Gilead also updated investors on the Medicare maximum fair price process for BIKTARVY. Dickinson said the Centers for Medicare & Medicaid Services set a price of $2,600 per 30-day supply, representing an approximately 38% discount to list price in the Medicare channel.
The company expects a total net impact of about $1.5 billion on BIKTARVY revenue in 2028, including the Medicare effect and spillover effects across Medicaid, 340B and other U.S. payer segments. Mercier said the impact is primarily related to Medicare and is net of the Medicare Part D redesign effect that Gilead experienced in 2025.
Despite the anticipated BIKTARVY pressure, Gilead expects total HIV revenue to grow in 2028 versus 2027, supported by other products and pipeline programs. The company also expects total product sales and EPS to rise in 2028 compared with 2027, based on current assumptions.
Oncology, Liver Disease and Pipeline Updates TRODELVY sales climbed 42% year over year and 11% sequentially to $506 million, reaching an approximately $2 billion annual run rate. Growth reflected demand in metastatic triple-negative breast cancer and HR-positive, HER2-negative metastatic breast cancer in the U.S. and Europe. Gilead received European approval during the quarter for TRODELVY combined with pembrolizumab in first-line PD-L1-positive metastatic triple-negative breast cancer.
Livdelzi sales increased 93% year over year to $203 million, driven by demand in the U.S. and Europe. Gilead said Livdelzi is the U.S. market leader in second-line primary biliary cholangitis, or PBC. The company plans global filings to add data from the Phase III IDEAL study to the drug’s label and expects a potential U.S. label update in 2027.
Cell therapy sales were $355 million, down 18% year over year amid competitive pressure. However, Gilead is preparing for a Dec. 23 FDA decision on anito-cel for fourth-line or later relapsed or refractory multiple myeloma. Kite Executive Vice President Cindy Perettie said the company is targeting activation of 80% of its authorized treatment centers within six months of launch and 90% payer coverage within 12 months, if approved.
In research and development, Gilead expects to file islatravir plus lenacapavir with the FDA this year. If approved, the once-weekly oral regimen would be the first such HIV treatment option for virally suppressed patients. The company expects an FDA decision in 2027.
Gilead is also advancing emvistegrast, an investigational oral alpha-4 beta-7 inhibitor for inflammatory bowel disease, toward Phase III ulcerative colitis studies in 2027. The company’s inflammation pipeline now includes 13 clinical programs. In oncology, Gilead expects a Phase III update around year-end from ASCENT-GYN, which is evaluating TRODELVY in advanced or recurrent endometrial cancer.
About Gilead Sciences (NASDAQ:GILD)Gilead Sciences, Inc is a biopharmaceutical company that discovers, develops and commercializes medicines for serious and life-threatening diseases. The company is best known for its HIV treatments, including Biktarvy, Descovy, Genvoya and Truvada, as well as therapies for chronic hepatitis B and hepatitis C. Its portfolio also includes Veklury (remdesivir), an antiviral treatment for COVID-19.
Gilead has expanded into oncology and cell therapy through products such as Trodelvy and the CAR T-cell therapies Yescarta and Tecartus, which are developed and marketed through its Kite subsidiary.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
Should You Invest $1,000 in Gilead Sciences Right Now?Before you consider Gilead Sciences, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Gilead Sciences wasn't on the list.
While Gilead Sciences currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of the 7 hottest IPOs expected to hit Wall Street in 2026. See which companies are preparing to go public and why investors are watching closely.
Get This Free Report
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
For the quarter ended September 2026, Gilead Sciences (GILD - Free Report) reported revenue of $8.3 billion, up 6.8% over the same period last year. EPS came in at $2.55, compared to $2.47 in the year-ago quarter.
The reported revenue represents a surprise of +6.21% over the Zacks Consensus Estimate of $7.81 billion. With the consensus EPS estimate being $2.17, the EPS surprise was +17.51%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Gilead performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Product Sales- Total Liver Disease- U.S.: $524 million versus the three-analyst average estimate of $450.89 million. The reported number represents a year-over-year change of +26.6%.Product Sales- Total HIV- U.S.: $5.26 billion versus $4.8 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +22.4% change.Product Sales- Other- Other- U.S.: $36 million compared to the $22.64 million average estimate based on three analysts. The reported number represents a change of +5.9% year over year.Total product sales- U.S.: $6.36 billion versus the three-analyst average estimate of $5.74 billion. The reported number represents a year-over-year change of +20.6%.Product Sales- HIV- Odefsey- Total: $286 million compared to the $202.57 million average estimate based on three analysts. The reported number represents a change of +3.3% year over year.Total product sales- Total: $8.29 billion versus the three-analyst average estimate of $7.75 billion. The reported number represents a year-over-year change of +12.9%.Revenues- Royalty contract and other revenues: $11 million compared to the $62.02 million average estimate based on three analysts. The reported number represents a change of -97.4% year over year.Product Sales- Liver Disease- Vemlidy- Total: $333 million compared to the $252.48 million average estimate based on three analysts. The reported number represents a change of +18.9% year over year.Product Sales- Oncology- Cell Therapy- Yescarta- Total: $294 million versus the three-analyst average estimate of $305.72 million. The reported number represents a year-over-year change of -15.8%.Product Sales- HIV- Biktarvy- Total: $4.06 billion compared to the $3.95 billion average estimate based on three analysts. The reported number represents a change of +10.1% year over year.Product Sales- HIV- Symtuza-Revenue share- Total: $132 million compared to the $125.65 million average estimate based on three analysts. The reported number represents a change of +6.5% year over year.Product Sales- Veklury- Total: $86 million versus $77.09 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -69% change.View all Key Company Metrics for Gilead here>>>
Shares of Gilead have returned +6.8% over the past month versus the Zacks S&P 500 composite's +0.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Enbridge (ENB - Free Report) closed at $49.27 in the latest trading session, marking a +1.48% move from the prior day. This change outpaced the S&P 500's 0.31% loss on the day. Elsewhere, the Dow saw a downswing of 0.25%, while the tech-heavy Nasdaq depreciated by 1.38%.
The oil and natural gas transportation and power transmission company's shares have seen an increase of 4.43% over the last month, not keeping up with the Oils-Energy sector's gain of 9.26% and outstripping the S&P 500's gain of 0.87%.
Investors will be eagerly watching for the performance of Enbridge in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on November 6, 2026. The company is predicted to post an EPS of $0.36, indicating a 9.09% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $10.32 billion, reflecting a 2.88% fall from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.08 per share and revenue of $57.41 billion, which would represent changes of -3.7% and +23.22%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Enbridge. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 1.35% downward. Enbridge is currently sporting a Zacks Rank of #4 (Sell).
Investors should also note Enbridge's current valuation metrics, including its Forward P/E ratio of 23.31. This signifies a premium in comparison to the average Forward P/E of 20.01 for its industry.
Meanwhile, ENB's PEG ratio is currently 5.83. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Oil and Gas - Production and Pipelines stocks are, on average, holding a PEG ratio of 1.92 based on yesterday's closing prices.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 98, finds itself in the top 40% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
Duke Energy (DUK - Free Report) closed at $125.90 in the latest trading session, marking a +1.89% move from the prior day. The stock's performance was ahead of the S&P 500's daily loss of 0.31%. Elsewhere, the Dow lost 0.25%, while the tech-heavy Nasdaq lost 1.38%.
The electric utility's stock has climbed by 8.39% in the past month, exceeding the Utilities sector's gain of 6.68% and the S&P 500's gain of 0.87%.
The upcoming earnings release of Duke Energy will be of great interest to investors. The company's earnings report is expected on November 5, 2026. The company is forecasted to report an EPS of $1.87, showcasing a 3.31% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $8.9 billion, up 4.15% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $6.72 per share and a revenue of $33.81 billion, signifying shifts of +6.5% and +4.89%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Duke Energy. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.03% higher. As of now, Duke Energy holds a Zacks Rank of #3 (Hold).
In terms of valuation, Duke Energy is currently trading at a Forward P/E ratio of 18.39. This represents a premium compared to its industry average Forward P/E of 17.13.
One should further note that DUK currently holds a PEG ratio of 2.88. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. DUK's industry had an average PEG ratio of 2.6 as of yesterday's close.
The Utility - Electric Power industry is part of the Utilities sector. Currently, this industry holds a Zacks Industry Rank of 93, positioning it in the top 38% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
DaVita Inc. (DVA) Q3 2026 Earnings Call October 29, 2026 5:00 PM EDT
Company Participants
Nic Eliason - Group Vice President of Investor Relations
Javier Rodriguez - CEO & Executive Director
Joel Ackerman - CFO & Treasurer
Conference Call Participants
Albert Rice - UBS Investment Bank, Research Division
Andrew Mok - Barclays Bank PLC, Research Division
Pito Chickering - Deutsche Bank AG, Research Division
Kevin Fischbeck - BofA Securities, Research Division
Ryan Langston - TD Cowen, Research Division
William Westerfield
Presentation
Operator
Good evening. My name is Michelle, and I will be your conference facilitator today. At this time, I would like to welcome everyone to the DaVita Third Quarter 2026 Earnings Call. [Operator Instructions] Mr. Eliason, you may begin your conference, sir.
Nic Eliason
Group Vice President of Investor Relations
Thank you, and welcome to our third quarter conference call. We appreciate your continued interest in our company. I'm Nic Eliason, Group Vice President of Investor Relations. And joining me today are Javier Rodriguez, our CEO; and Joel Ackerman, our CFO. Please note that during this call, we may make forward-looking statements within the meaning of the federal securities laws. All of these statements are subject to known and unknown risks and uncertainties that could cause the actual results to differ materially from those described in the forward-looking statements.
For further details concerning these risks and uncertainties, please refer to our third quarter earnings press release and our SEC filings, including our most recent annual report on Form 10-K, all subsequent quarterly reports on Form 10-Q and other subsequent filings that we make with the SEC. Our forward-looking statements are based on information currently available to us, and we do not intend and undertake no duty to update these statements, except as may be required by law. Additionally, we'd like to remind you that during this call, we will discuss some non-GAAP financial
In the latest trading session, Albemarle (ALB - Free Report) closed at $93.27, marking a -3.81% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 0.31% for the day. Meanwhile, the Dow experienced a drop of 0.25%, and the technology-dominated Nasdaq saw a decrease of 1.38%.
Heading into today, shares of the specialty chemicals company had lost 8.34% over the past month, lagging the Basic Materials sector's loss of 3.42% and the S&P 500's gain of 0.87%.
The investment community will be closely monitoring the performance of Albemarle in its forthcoming earnings report. The company is scheduled to release its earnings on November 4, 2026. The company's earnings per share (EPS) are projected to be $2.56, reflecting a 1447.37% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $1.49 billion, up 14.09% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $11.15 per share and revenue of $6.1 billion, indicating changes of +1511.39% and +18.54%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates for Albemarle. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 2.14% decrease. As of now, Albemarle holds a Zacks Rank of #3 (Hold).
In terms of valuation, Albemarle is currently trading at a Forward P/E ratio of 8.7. For comparison, its industry has an average Forward P/E of 15.85, which means Albemarle is trading at a discount to the group.
It is also worth noting that ALB currently has a PEG ratio of 0.58. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Chemical - Diversified industry held an average PEG ratio of 1.22.
The Chemical - Diversified industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 207, which puts it in the bottom 16% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Thank you, operator, and good morning, everyone. Thank you for joining us on Fiverr's earnings conference call for the third quarter that ended September 30, 2026.
Joining me on the call today are Micha Kaufman, Founder and CEO, and Esti Dadon, CFO.
Before we start, I would like to remind you that during this call, we may make forward-looking statements and that these statements are based on our current expectations and assumptions as of today, and Fiverr assumes no obligation to update or revise them.
A discussion of some of the important risk factors that could cause actual results to differ materially from any forward-looking statements can be found under the Risk Factors section in Fiverr's most recent Form 20-F and other filings with the SEC.
During this call, we'll be referring to some key performance metrics and non-GAAP financial measures, including adjusted EBITDA, adjusted EBITDA margin, and free cash flow.
Further explanation and a reconciliation of each of the non-GAAP financial measures to the most directly comparable GAAP measures is provided in the earnings release we issued today and our shareholder letter, each of which is
Pinterest, Inc. (PINS) Q3 2026 Earnings Call October 29, 2026 5:30 PM EDT
Company Participants
Andrew Somberg - VP of Investor Relations & Treasury
William Ready - CEO & Director
James Dibbo - Chief Financial Officer
Conference Call Participants
Jason Helfstein - Oppenheimer & Co. Inc., Research Division
John Blackledge - TD Cowen, Research Division
Colin Sebastian - Robert W. Baird & Co. Incorporated, Research Division
Justin Patterson - KeyBanc Capital Markets Inc., Research Division
Lloyd Walmsley - Mizuho Securities USA LLC, Research Division
Richard Greenfield - LightShed Partners, LLC
Eric Sheridan - Goldman Sachs Group, Inc., Research Division
Shweta Khajuria - Wolfe Research, LLC
Presentation
Operator
Hello, everyone. Thank you for joining us, and welcome to Pinterest's Third Quarter 2026 Earnings Conference Call. [Operator Instructions]
I will now hand the conference over to Andrew Somberg, Vice President of Investor Relations and Treasury. Please go ahead.
Andrew Somberg
VP of Investor Relations & Treasury
Good afternoon, and thank you for joining us. Welcome to Pinterest's earnings call for the third quarter ended September 30, 2026. Joining me to discuss our results today is Bill Ready, Pinterest's CEO. James Dibbo, who recently joined as Pinterest's CFO, will briefly introduce himself.
The statements we make on this call reflect management's view as of today and will include forward-looking statements. Such statements involve a number of assumptions, risks and uncertainties, and actual results may differ materially. We disclaim any obligation to update these statements. For information about assumptions, risks, uncertainties and other factors that could affect our results, please refer to our earnings press releases and the periodic reports we file with the SEC and are available on our Investor Relations website at investor.pinterestinc.com. During this call, we will present both GAAP and non-GAAP financial measures. A reconciliation of non-GAAP to GAAP measures is included in today's earnings press release and presentation, which are distributed and available to the public through our
Pinterest (PINS - Free Report) reported $1.17 billion in revenue for the quarter ended September 2026, representing a year-over-year increase of 11.9%. EPS of $0.46 for the same period compares to $0.38 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.2 billion, representing a surprise of -2.26%. The company delivered an EPS surprise of -8%, with the consensus EPS estimate being $0.50.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Pinterest performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Monthly Active Users - Global: 661 versus the six-analyst average estimate of 653.ARPU - Global: $1.80 versus the six-analyst average estimate of $1.85.Monthly Active Users - Rest of World: 394 compared to the 385 average estimate based on five analysts.Monthly Active Users - U.S. and Canada: 107 versus the five-analyst average estimate of 107.Monthly Active Users - Europe: 161 versus the five-analyst average estimate of 160.ARPU - Rest of World: $0.23 versus the five-analyst average estimate of $0.25.ARPU - Europe: $1.21 compared to the $1.34 average estimate based on five analysts.ARPU - U.S. and Canada: $8.38 versus $8.36 estimated by five analysts on average.Geographic Revenue- U.S. and Canada: $894 million compared to the $875.97 million average estimate based on six analysts. The reported number represents a change of +13.7% year over year.Geographic Revenue- Rest of World: $87 million versus $108.15 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +24.3% change.Geographic Revenue- Europe: $193 million versus $215.64 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a 0% change.View all Key Company Metrics for Pinterest here>>>
Shares of Pinterest have returned +10.8% over the past month versus the Zacks S&P 500 composite's +0.9% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Pinterest (PINS - Free Report) came out with quarterly earnings of $0.46 per share, missing the Zacks Consensus Estimate of $0.5 per share. This compares to earnings of $0.38 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -8.00%. A quarter ago, it was expected that this digital pinboard and shopping tool company would post earnings of $0.36 per share when it actually produced earnings of $0.43, delivering a surprise of +19.44%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Pinterest, which belongs to the Zacks Internet - Software industry, posted revenues of $1.17 billion for the quarter ended September 2026, missing the Zacks Consensus Estimate by 2.26%. This compares to year-ago revenues of $1.05 billion. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Pinterest shares have lost about 19.2% since the beginning of the year versus the S&P 500's gain of 13.1%.
What's Next for Pinterest?While Pinterest has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Pinterest was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.83 on $1.5 billion in revenues for the coming quarter and $2.02 on $4.9 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Software is currently in the top 36% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Five9 (FIVN - Free Report) , is yet to report results for the quarter ended September 2026. The results are expected to be released on November 5.
This provider of cloud-based software to call centers is expected to post quarterly earnings of $0.80 per share in its upcoming report, which represents a year-over-year change of +2.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Five9's revenues are expected to be $318.35 million, up 11.4% from the year-ago quarter.
In the latest trading session, Micron (MU - Free Report) closed at $934.27, marking a -4.98% move from the previous day. This move lagged the S&P 500's daily loss of 0.31%. On the other hand, the Dow registered a loss of 0.25%, and the technology-centric Nasdaq decreased by 1.38%.
The chipmaker's shares have seen a decrease of 7.69% over the last month, not keeping up with the Computer and Technology sector's loss of 3.14% and the S&P 500's gain of 0.87%.
The investment community will be paying close attention to the earnings performance of Micron in its upcoming release. The company is predicted to post an EPS of $38.2, indicating a 699.16% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $62.04 billion, reflecting a 354.75% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $177.73 per share and a revenue of $277.58 billion, signifying shifts of +135.34% and +108.41%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Micron. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 11.32% higher. Micron is currently a Zacks Rank #1 (Strong Buy).
In terms of valuation, Micron is currently trading at a Forward P/E ratio of 5.53. This indicates a discount in contrast to its industry's Forward P/E of 19.35.
One should further note that MU currently holds a PEG ratio of 0.17. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Computer - Integrated Systems industry had an average PEG ratio of 1.42 as trading concluded yesterday.
The Computer - Integrated Systems industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 47, finds itself in the top 20% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
Micron (MU -4.98%) is among the cheapest stocks in the market. It trades at just 5.2 times forward earnings on Oct. 29, a huge discount to the broader market. The S&P 500 (^GSPC -0.30%) trades for 19.2 times forward earnings, so it's a huge mismatch, and the reason for the discount is rooted in Micron's history.
Micron manufactures memory chips, and the industry is cyclical. Micron has a history of its business booming and busting, but with it going through its biggest boom ever, the downturn could be catastrophic. As a result, the market is valuing it at a discount. However, I think that's misguided, as Micron is taking steps to reduce the magnitude of its eventual downturn. Furthermore, this downturn may not materialize for years, lending Micron ample time to deliver significant shareholder returns.
Image source: The Motley Fool.
The AI build-out isn't ending anytime soon Predicting when cycles will start and end is impossible. If it were easy, everyone would know when to pile into them and when to sell. However, investors can look for clues. If you listen to any of the big tech companies, about half say the AI build-out will last at least through 2030, and maybe longer. That's a lot of time for companies like Micron to thrive, even if the stock market is pricing Micron's stock as if a downturn is imminent.
Micron is also giving investors clues about market conditions. It told investors that the 2027 and 2028 memory chip markets will be even tighter than they were in 2026. 2026 was already bad enough, but two more years could cause prices for its chips to skyrocket even further, making it an even more attractive investment.
MU Revenue (Quarterly YOY Growth) data by YCharts.
Micron also has more production capacity coming online in mid-2027 through 2028, so even with more chips available, it won't be enough to offset demand. With Micron able to produce more chips at higher prices, it could see significant growth again over the next few years.
That still doesn't answer what Micron's stock will look like if demand slips. However, management already has a plan in place for this.
Micron is starting to contract work Because there isn't much that separates one memory chip provider from another, most clients just sought the lowest price they could find. While that's still the case, the prices are significantly elevated. Instead of letting the market dictate pricing, Micron is starting to enter into long-term supply agreements with its clients that set defined ceiling and floor prices on its products.
That way, Micron's revenue is steadier and more locked in than if it were just left to the whims of the market. This move puts Micron in a more sustainable position, and with a floor on its chip prices, the downturns won't be as severe.
MU Micron Technology$934.27-$48.96 (-4.98%)
NASDAQ · As of 4:00 PM ET 10/29/26
This all adds up to a stock that deserves a premium closer to the market average than it's getting now. Even if it traded at a still-large discount of 15 times forward earnings, that would indicate the stock could triple. The market isn't buying this, even if all the information it needs to support a long-term growth story is staring it right in the face.
Now is the time to act and scoop up Micron shares, as this sale price may not last for much longer. Pricing gaps don't last forever, after all. Micron strikes me as a nearly guaranteed winner over the next few years, and with a huge discount to the market, its stock could top the charts as the best performer.
AMC Entertainment (AMC - Free Report) closed at $3.06 in the latest trading session, marking a +2.17% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.31%. Elsewhere, the Dow lost 0.25%, while the tech-heavy Nasdaq lost 1.38%.
The stock of movie theater operator has fallen by 0.33% in the past month, lagging the Consumer Discretionary sector's gain of 1.99% and the S&P 500's gain of 0.87%.
The investment community will be closely monitoring the performance of AMC Entertainment in its forthcoming earnings report. The company is scheduled to release its earnings on November 4, 2026. The company is expected to report EPS of $0.11, up 152.38% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $1.66 billion, showing a 27.46% escalation compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$0.08 per share and revenue of $5.76 billion, indicating changes of +91.67% and +18.75%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for AMC Entertainment. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 71.25% higher within the past month. Right now, AMC Entertainment possesses a Zacks Rank of #2 (Buy).
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 153, positioning it in the bottom 38% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
Amgen (AMGN - Free Report) closed the most recent trading day at $460.73, moving +1.97% from the previous trading session. The stock exceeded the S&P 500, which registered a loss of 0.31% for the day. At the same time, the Dow lost 0.25%, and the tech-heavy Nasdaq lost 1.38%.
Shares of the world's largest biotech drugmaker witnessed a gain of 7.19% over the previous month, beating the performance of the Medical sector with its gain of 2.58%, and the S&P 500's gain of 0.87%.
Investors will be eagerly watching for the performance of Amgen in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on November 3, 2026. The company is predicted to post an EPS of $5.74, indicating a 1.77% growth compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $9.95 billion, up 4.14% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $22.96 per share and a revenue of $38.86 billion, indicating changes of +5.13% and +5.74%, respectively, from the former year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Amgen. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.08% higher within the past month. Amgen is currently sporting a Zacks Rank of #3 (Hold).
With respect to valuation, Amgen is currently being traded at a Forward P/E ratio of 19.68. This indicates a discount in contrast to its industry's Forward P/E of 25.4.
Also, we should mention that AMGN has a PEG ratio of 3.31. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Medical - Biomedical and Genetics industry was having an average PEG ratio of 1.9.
The Medical - Biomedical and Genetics industry is part of the Medical sector. With its current Zacks Industry Rank of 98, this industry ranks in the top 40% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
Sea Limited Sponsored ADR (SE - Free Report) ended the recent trading session at $76.55, demonstrating a +1.82% change from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily loss of 0.31%. Meanwhile, the Dow lost 0.25%, and the Nasdaq, a tech-heavy index, lost 1.38%.
Shares of the company witnessed a loss of 22.78% over the previous month, trailing the performance of the Computer and Technology sector with its loss of 3.14%, and the S&P 500's gain of 0.87%.
Market participants will be closely following the financial results of Sea Limited Sponsored ADR in its upcoming release. The company plans to announce its earnings on November 10, 2026. It is anticipated that the company will report an EPS of $1.06, marking a 35.9% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $8.35 billion, indicating a 35.18% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.75 per share and revenue of $32.73 billion. These totals would mark changes of +13.98% and +39.4%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Sea Limited Sponsored ADR. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 1.2% fall in the Zacks Consensus EPS estimate. Sea Limited Sponsored ADR presently features a Zacks Rank of #4 (Sell).
In the context of valuation, Sea Limited Sponsored ADR is at present trading with a Forward P/E ratio of 20.05. This signifies a discount in comparison to the average Forward P/E of 20.67 for its industry.
Investors should also note that SE has a PEG ratio of 0.6 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Internet - Software industry was having an average PEG ratio of 1.21.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 87, putting it in the top 36% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
Medtronic (MDT - Free Report) ended the recent trading session at $97.11, demonstrating a +2.46% change from the preceding day's closing price. This change outpaced the S&P 500's 0.31% loss on the day. Meanwhile, the Dow experienced a drop of 0.25%, and the technology-dominated Nasdaq saw a decrease of 1.38%.
Prior to today's trading, shares of the medical device company had gained 9.84% outpaced the Medical sector's gain of 2.58% and the S&P 500's gain of 0.87%.
The upcoming earnings release of Medtronic will be of great interest to investors. On that day, Medtronic is projected to report earnings of $1.34 per share, which would represent a year-over-year decline of 1.47%. Meanwhile, the latest consensus estimate predicts the revenue to be $9.47 billion, indicating a 5.66% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5.98 per share and revenue of $38.97 billion, indicating changes of +8.14% and +7.16%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Medtronic. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 0.04% fall in the Zacks Consensus EPS estimate. Medtronic currently has a Zacks Rank of #3 (Hold).
Investors should also note Medtronic's current valuation metrics, including its Forward P/E ratio of 15.86. This indicates a discount in contrast to its industry's Forward P/E of 20.65.
It is also worth noting that MDT currently has a PEG ratio of 2.22. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Medical - Products industry currently had an average PEG ratio of 2 as of yesterday's close.
The Medical - Products industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 153, which puts it in the bottom 38% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
Anheuser-Busch InBev SA/NV (BUD) Q3 2026 Earnings Call October 29, 2026 9:00 AM EDT
Company Participants
Michel Doukeris - Global Chief Executive Officer
Fernando Tennenbaum - Global Chief Financial Officer
Conference Call Participants
Edward Mundy - Jefferies LLC, Research Division
Sanjeet Aujla - UBS Investment Bank, Research Division
Andrea Pistacchi - BofA Securities, Research Division
Robert Ottenstein - Evercore ISI Institutional Equities, Research Division
Mitchell Collett - Deutsche Bank AG, Research Division
Laurence Whyatt - Barclays Bank PLC, Research Division
Jean-Olivier Nicolai - Goldman Sachs Group, Inc., Research Division
Presentation
Operator
Welcome to AB InBev's Third Quarter 2026 Earnings Conference Call and Webcast. Hosting the call today from AB InBev are Mr. Michel Doukeris, Chief Executive Officer; and Mr. Fernando Tennenbaum, Chief Financial Officer. To access the slides accompanying today's call, please visit AB InBev's website at www.ab-inbev.com and click on the Investors tab and the Reports and Results Center page. Today's webcast will be available for on-demand playback later today. [Operator Instructions]
Some of the information provided during the conference call may contain statements of future expectations and other forward-looking statements. These expectations are based on management's current views and assumptions and involve known and unknown risks and uncertainties. It is possible that AB InBev's actual results and financial condition may differ possibly materially from the anticipated results and financial condition indicated in these forward-looking statements.
For a discussion of some of the risks and important factors that could affect AB InBev's future results, see risk factors in the company's latest annual report on Form 20-F filed with the Securities and Exchange Commission on March 3, 2026. AB InBev assumes no obligation to update or revise any forward-looking information provided during the conference call and shall not be liable for any action taken in reliance upon such information.
On its third-quarter 2026 earnings call, held on Oct. 29, 2026, Anheuser-Busch InBev (BUD -1.80%) announced a 22% increase in underlying earnings per share (profit per share of stock) to $1.21 alongside an interim dividend raise to 0.40 euros per share. A brewer's long-term compounding depends on expanding into higher-margin categories while returning excess cash to shareholders. Management is doing both by scaling non-alcoholic products and repurchasing stock while navigating volume declines in China.
Three things management said stand out.
1. Non-Alcoholic Beer Opens New Customer DemographicsNon-alcoholic beer carries higher price points and profit margins than traditional lagers. By attracting consumers who normally bypass beer entirely, these products generate entirely new sales rather than cannibalizing existing core volumes.
With an estimated 60% of the volume coming from new occasions and new consumers, no alcohol beer is an opportunity to develop the category and drive incremental volume growth.
-- Michel Doukeris, Chief Executive Officer2. Cash Flow Generation Unlocks Shareholder ReturnsStrong free cash flow gives management room to reward investors while keeping debt manageable. The company boosted its interim dividend from 0.15 euros to 0.40 euros per share and continues executing a $6 billion stock buyback program.
Given the strength of our balance sheets and free cash flow generation, we have increased flexibility on our capital allocation choices.
-- Fernando Tennenbaum, Chief Financial Officer3. Mega Brands Drive Top-Line ExpansionFocusing marketing capital on key global brands like Corona and Michelob ULTRA allows the business to raise prices across global markets. Net revenue from these flagship brands grew nearly 8% during the quarter.
Our mega brands continue to drive profitable growth across our markets, with net revenue increasing by 7.7% during the quarter.
-- Michel Doukeris, Chief Executive OfficerLooking AheadGlobal volume momentum is holding steady across emerging markets, and management isn't hiding its satisfaction with the operating trajectory. Global scale, premium pricing discipline, and proprietary distribution technology like BEES (the company's business-to-business digital ordering app) give the brewer a durable structural advantage over smaller regional rivals. Investors are watching how quickly management can stabilize sales in China while absorbing higher transportation expenses in North America.
Executing on category expansion and digital distribution positions the business for durable earnings growth over the next five years.
Our continued momentum reflects the resilience of our strategy and our ability to deliver reliable compounding growth across different operating environments.
-- Michel Doukeris, Chief Executive OfficerThe Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
NOW shares fell nearly 20% at market open after ServiceNow guided to slower fourth-quarter cRPO growth. An investigation into potential securities law violations is underway.
, /PRNewswire/ -- ServiceNow, Inc. (NYSE: NOW) shares opened down more than $29 per share on October 29, 2026, after the Company guided to fourth-quarter current remaining performance obligation (cRPO) growth of approximately 18.5%, down from 21% in the quarter just reported. If you bought NOW stock and are holding a loss today, you have legal rights, and an investigation into potential securities law violations is already underway. Affected shareholders are encouraged to submit your loss details for a free review or contact Joseph E. Levi, Esq. at [email protected] or (888) SueWallSt.
The outlook came with third-quarter results released after the close on October 28. Subscription revenue reached $3.988 billion, up 20.5% in constant currency, and cRPO grew 21%. Reports tied the selloff to the quarterly sales outlook.
On the same call, management raised its 2026 AI annual contract value target to "$1.7 billion plus by year-end." That was the second increase of the year, following a move from $1 billion to $1.5 billion in May. Management also told investors, "We have no intention of delivering anything less than the best year in our history." NOW shares fell roughly 19.5% before market open, to approximately $120.90. The decline then deepened to more than 25% in midday trading.
Investors holding losses on ServiceNow shares can request a confidential review of your NOW losses or call (888) SueWallSt.
WHY SUEWALLST: SueWallSt is powered by Levi & Korsinsky LLP. Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
Frequently Asked Questions About the NOW Investigation
Q: Which statements are being investigated as potentially misleading?A: The investigation concerns whether ServiceNow made materially false or misleading statements regarding its growth outlook and business prospects heading into the fourth quarter of 2026. After the Company disclosed its third-quarter 2026 results and fourth-quarter outlook, the stock price declined sharply.
Q: When did ServiceNow allegedly mislead investors?A: The investigation concerns statements made before the corrective disclosure that allegedly caused investors to purchase securities at inflated prices.
Q: Who is eligible to participate in the NOW investigation?A: Investors who purchased NOW stock or securities and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses -- not on whether you still hold the shares.
Q: What do NOW investors need to do right now?A: Investors may gather brokerage records showing purchase dates, share quantities, and prices paid. Submit your information for a no-cost, no-obligation evaluation of your potential recovery. No immediate action is required to remain eligible to participate in the investigation.
Q: What documents do I need to participate?A: Brokerage statements or trade confirmations showing purchase dates, share quantities, prices paid, and any subsequent sale dates and prices.
Q: What if I already sold my NOW shares -- can I still recover losses?A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought NOW and sold at a loss may still participate in the investigation.
Q: What does it cost me to participate?A: There is no upfront cost to submit your information and review whether you may be eligible to recover. Should you choose to participate in any resulting action, these matters are generally handled on a contingency basis, with any attorneys' fees and expenses subject to court approval.
Q: Do I need to go to court or give testimony?A: No. Participating in the investigation does not require court appearances or depositions. If legal action is later pursued, the overwhelming majority of affected investors never appear in court either.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
[email protected]
Tel: (888) SueWallSt
Fax: (212) 363-7171
Attorney Advertising. Prior results do not guarantee similar outcomes.
ServiceNow (NOW -26.95%) stock is down sharply on Thursday. As of this writing, the workflow software company's shares are near $112, down about 25% from Wednesday's close of $150.13.
That puts the stock on track for its worst day since it went public in 2012. Its biggest one-day drop before today was about 18%, on April 23, 2026.
The sell-off followed the company's third-quarter results after Wednesday's close. And the quarter itself was good. Subscription revenue climbed 21% year over year to $3.99 billion (20.5% in constant currency), beating the high end of management's guidance.
The issue was the outlook. ServiceNow guided for fourth-quarter growth of just 18.5% in current remaining performance obligations (cRPO) -- revenue already under contract that it expects to recognize within a year.
I think the slowdown is worth taking seriously. But the stock has come back from most of its worst days before.
Image source: The Motley Fool.
Most big drops didn't lastUsing daily closing prices (adjusted for stock splits), ServiceNow stock had lost over 10% in a single session on 10 days before today.
In seven of these 10 cases, the stock was up six months later. And it was higher a year later after six of the eight drops with a full year of history behind them.
The median gain was around 15% after six months and about 40% after 12 months.
After the April 23 drop, shares closed at $84.78. Six months later, on Oct. 23, they closed at $158.96 -- up around 88%.
After losing about 16% on Jan. 28, 2016, the stock climbed around 20% in the next six months and about 42% in the next year.
The July 12, 2022, drop of about 13% took longer to pay off. Shares were around 3% lower six months later, but up about 31% after a year.
Notably, the April sell-off has a lot in common with today's. Management had guided for second-quarter cRPO growth of 19.5% in constant currency, and said delayed closings of several big on-premise deals in the Middle East had hurt first-quarter subscription revenue. Second-quarter cRPO growth then came in at 21.5% in constant currency.
The 2025 exceptionsBut the record isn't perfect. ServiceNow stock lost around 11% on Jan. 30, 2025, just two days after its record close of about $234. A year later, shares were around 42% lower.
The stock also slid about 12% on Dec. 15, 2025. In the next six months, it lost about another 32%.
So a big one-day drop hasn't been a reliable buy signal by itself. Sometimes it was the start of a longer slide.
Is the cRPO slowdown just timing?Management argues that much of the fourth-quarter slowdown comes down to timing and how cRPO is counted. Chief financial officer Gina Mastantuono told analysts on Wednesday's call that some contracts renewed early.
"With respect to cRPO, we saw strong early renewals in Q3 that contributed about half of the beat in Q3. Now that has a negative impact in Q4 because we pulled those deals out of Q4 and into Q3," she said.
She added that more on-premise deals from public sector customers will cost fourth-quarter cRPO growth around a quarter of a percentage point, but those deals still count toward revenue. And management expects fourth-quarter subscription revenue to climb 21.5% in constant currency, a bit faster than the third quarter's rate.
$109.67-$40.46 (-26.95%)
NYSE · As of 4:00 PM ET 10/29/26
Still, cRPO growth has been slowing all year. Reported cRPO growth has gone 22.5%, 21%, and 20.5% in the first three quarters of 2026. A fall to 18.5% would be the biggest step down in that stretch. And if artificial intelligence (AI) agents ever eat into what customers pay ServiceNow, this is probably where it might show up first.
True, ServiceNow has a habit of beating its own cRPO guidance. In constant currency, it topped its second-quarter guide by 2 percentage points and its third-quarter guide by 1 point. But early renewals already pulled part of the fourth quarter into the third, so I wouldn't count on a big beat this time.
The sell-off has, at least, left the stock much cheaper. ServiceNow now costs around 23 times expected 2027 earnings. The day before, it cost about 30 times those 2027 earnings.
Overall, ServiceNow's record after its worst days leans toward patience, and this drop comes with subscription revenue still rising around 20%. But the 2025 drops remind us that a lower price doesn't guarantee a bounce. For this one to look more like April's than 2025's, I think fourth-quarter cRPO growth has to match or beat the 18.5% guide.
For the quarter ended September 2026, Stryker (SYK - Free Report) reported revenue of $6.52 billion, up 7.6% over the same period last year. EPS came in at $3.52, compared to $3.19 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $6.58 billion, representing a surprise of -0.88%. The company delivered an EPS surprise of -1.12%, with the consensus EPS estimate being $3.56.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Stryker performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales by Geography- International: $1.57 billion versus the three-analyst average estimate of $1.73 billion. The reported number represents a year-over-year change of +5.7%.Net Sales by Geography- United States: $4.95 billion compared to the $4.85 billion average estimate based on three analysts. The reported number represents a change of +8.3% year over year.Net Sales by Geography- Orthopaedics: $2.86 billion versus the four-analyst average estimate of $2.88 billion. The reported number represents a year-over-year change of +26.7%.Net Sales by Business- MedSurg and Neurotechnology: $3.66 billion versus $3.7 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -3.7% change.Net Sales by Business- MedSurg and Neurotechnology- Medical: $1.08 billion versus the three-analyst average estimate of $1.13 billion. The reported number represents a year-over-year change of +9.8%.Net Sales by Geography- Orthopaedics- Knees: $635 million compared to the $647.78 million average estimate based on three analysts. The reported number represents a change of +1.1% year over year.Net Sales by Geography- Orthopaedics- Trauma and Extremities: $1.01 billion compared to the $1.09 billion average estimate based on three analysts. The reported number represents a change of +5.2% year over year.Net Sales by Business- MedSurg and Neurotechnology- Instruments: $996 million versus the three-analyst average estimate of $1.04 billion. The reported number represents a year-over-year change of +31.1%.Net Sales by Business- MedSurg and Neurotechnology- Endoscopy: $1.02 billion versus $1.02 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +14% change.Net sales- Orthopaedics - Ortho Tech: $754 million versus the three-analyst average estimate of $716.09 million.Net Sales by Business- MedSurg and Neurotechnology- Vascular: $566 million versus $499.87 million estimated by three analysts on average.Net Sales by Geography- Orthopaedics- Hips: $453 million versus $459.46 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -0.9% change.View all Key Company Metrics for Stryker here>>>
Shares of Stryker have returned +10.4% over the past month versus the Zacks S&P 500 composite's +0.9% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
In the latest close session, Pan American Silver (PAAS - Free Report) was down 2.86% at $40.75. This change lagged the S&P 500's 0.31% loss on the day. Meanwhile, the Dow lost 0.25%, and the Nasdaq, a tech-heavy index, lost 1.38%.
The stock of silver mining company has fallen by 7.82% in the past month, lagging the Basic Materials sector's loss of 3.42% and the S&P 500's gain of 0.87%.
Market participants will be closely following the financial results of Pan American Silver in its upcoming release. The company plans to announce its earnings on November 4, 2026. The company's earnings per share (EPS) are projected to be $0.66, reflecting a 37.5% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.03 billion, up 20.53% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.34 per share and a revenue of $4.48 billion, indicating changes of +31.5% and +23.84%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for Pan American Silver. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been a 12.44% fall in the Zacks Consensus EPS estimate. Pan American Silver is holding a Zacks Rank of #4 (Sell) right now.
Digging into valuation, Pan American Silver currently has a Forward P/E ratio of 12.57. This expresses a premium compared to the average Forward P/E of 11.72 of its industry.
It is also worth noting that PAAS currently has a PEG ratio of 4.71. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Mining - Silver industry currently had an average PEG ratio of 4.71 as of yesterday's close.
The Mining - Silver industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 179, finds itself in the bottom 28% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Republic Services (RSG - Free Report) came out with quarterly earnings of $1.94 per share, beating the Zacks Consensus Estimate of $1.92 per share. This compares to earnings of $1.9 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +1.04%. A quarter ago, it was expected that this waste management company would post earnings of $1.81 per share when it actually produced earnings of $1.85, delivering a surprise of +2.21%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Republic Services, which belongs to the Zacks Waste Removal Services industry, posted revenues of $4.56 billion for the quarter ended September 2026, surpassing the Zacks Consensus Estimate by 3.38%. This compares to year-ago revenues of $4.21 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Republic Services shares have added about 10.1% since the beginning of the year versus the S&P 500's gain of 13.1%.
What's Next for Republic Services?While Republic Services has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Republic Services was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.79 on $4.38 billion in revenues for the coming quarter and $7.26 on $17.29 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Waste Removal Services is currently in the top 31% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Select Water Solutions, Inc. (WTTR - Free Report) , has yet to report results for the quarter ended September 2026. The results are expected to be released on November 9.
This company is expected to post quarterly earnings of $0.17 per share in its upcoming report, which represents a year-over-year change of +466.7%. The consensus EPS estimate for the quarter has been revised 12% lower over the last 30 days to the current level.
Select Water Solutions, Inc.'s revenues are expected to be $390.54 million, up 21.2% from the year-ago quarter.
For the quarter ended September 2026, Republic Services (RSG - Free Report) reported revenue of $4.56 billion, up 8.2% over the same period last year. EPS came in at $1.94, compared to $1.90 in the year-ago quarter.
The reported revenue represents a surprise of +3.38% over the Zacks Consensus Estimate of $4.41 billion. With the consensus EPS estimate being $1.92, the EPS surprise was +1.04%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Republic Services performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Average yield: 2.9% compared to the 3.2% average estimate based on three analysts.Revenue- Environmental solutions, net: $529 million compared to the $452.33 million average estimate based on two analysts. The reported number represents a change of +22.2% year over year.Revenue- Recycling & Waste: $4.03 billion versus the two-analyst average estimate of $3.95 billion. The reported number represents a year-over-year change of +6.6%.Adjusted EBITDA- Environmental Solutions: $134 million versus the two-analyst average estimate of $95.27 million.Adjusted EBITDA- Recycling & Waste: $1.32 billion compared to the $1.34 billion average estimate based on two analysts.View all Key Company Metrics for Republic Services here>>>
Shares of Republic Services have returned +11.2% over the past month versus the Zacks S&P 500 composite's +0.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
A. O. Smith Corporation (AOS) Q3 2026 Earnings Call October 29, 2026 10:00 AM EDT
Company Participants
Helen Gurholt - VP of Investor Relations, Financial Planning and Analysis & Treasurer
Stephen Shafer - President, CEO & Chairman
Carrie Anderson - Executive VP & CFO
Conference Call Participants
Michael Halloran - Robert W. Baird & Co. Incorporated, Research Division
Bryan Blair - Oppenheimer & Co. Inc., Research Division
Matt Summerville - D.A. Davidson & Co., Research Division
Susan Maklari - Goldman Sachs Group, Inc., Research Division
Nathan Jones - Stifel, Nicolaus & Company, Incorporated, Research Division
Jeffrey Hammond - KeyBanc Capital Markets Inc., Research Division
Tomohiko Sano - JPMorgan Chase & Co, Research Division
Scott Graham - Seaport Research Partners
Andrew Kaplowitz - Citigroup Inc., Research Division
Ryan Connors - Northcoast Research Partners, LLC
Presentation
Operator
Good day, and thank you for standing by. Welcome to the A. O. Smith Third Quarter 2026 Earnings Call.
[Operator Instructions]
Please be advised that today's conference is being recorded. I would now like to turn the conference over to your speaker today, Helen Gurholt. Please go ahead.
Helen Gurholt
VP of Investor Relations, Financial Planning and Analysis & Treasurer
Good morning, and welcome to the A. O. Smith Third Quarter Conference Call. I'm Helen Gurholt, Vice President, Investor Relations and Financial Planning and Analysis. Joining me today are Steve Shafer, Chief Executive Officer; and Carrie Anderson, Chief Financial Officer. In order to provide improved transparency into the operating results of our business, we provide non-GAAP measures. Free cash flow is defined as cash from operations less capital expenditures.
Organic growth excludes Leonard Valve and foreign currency impacts. Adjusted earnings, adjusted earnings per share, total segment earnings, adjusted segment earnings and adjusted segment margin exclude the impact of restructuring and impairment expenses. EBIT margin excludes the results of the China business. Reconciliations from GAAP measures to non-GAAP measures are provided
In the latest trading session, Accenture (ACN - Free Report) closed at $247.22, marking a +1.57% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.31%. Elsewhere, the Dow saw a downswing of 0.25%, while the tech-heavy Nasdaq depreciated by 1.38%.
Coming into today, shares of the consulting company had gained 32.74% in the past month. In that same time, the Computer and Technology sector lost 3.14%, while the S&P 500 gained 0.87%.
Market participants will be closely following the financial results of Accenture in its upcoming release. It is anticipated that the company will report an EPS of $3.9, marking a 1.02% fall compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $19.35 billion, up 3.22% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $14.68 per share and revenue of $77.33 billion. These totals would mark changes of +5.08% and +4.24%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Accenture. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.36% higher. Accenture is currently sporting a Zacks Rank of #3 (Hold).
Looking at valuation, Accenture is presently trading at a Forward P/E ratio of 16.58. This indicates a premium in contrast to its industry's Forward P/E of 14.9.
It's also important to note that ACN currently trades at a PEG ratio of 1.87. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Computers - IT Services industry had an average PEG ratio of 1.32.
The Computers - IT Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 98, placing it within the top 40% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
Coinbase Global, Inc. (COIN - Free Report) came out with quarterly earnings of $0.28 per share, beating the Zacks Consensus Estimate of a loss of $0.16 per share. This compares to earnings of $1.44 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +275.00%. A quarter ago, it was expected that this company would post earnings of $0.14 per share when it actually produced a loss of $0.39, delivering a surprise of -378.57%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
Coinbase Global, which belongs to the Zacks Financial - Miscellaneous Services industry, posted revenues of $1.22 billion for the quarter ended September 2026, surpassing the Zacks Consensus Estimate by 1.46%. This compares to year-ago revenues of $1.87 billion. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Coinbase Global shares have lost about 28.2% since the beginning of the year versus the S&P 500's gain of 13.1%.
What's Next for Coinbase Global?While Coinbase Global has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Coinbase Global was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.11 on $1.39 billion in revenues for the coming quarter and -$0.47 on $5.28 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Miscellaneous Services is currently in the bottom 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Sui Group Holdings Limited (SUIG - Free Report) , another stock in the same industry, has yet to report results for the quarter ended September 2026. The results are expected to be released on November 5.
This company is expected to post quarterly loss of $0.05 per share in its upcoming report, which represents a year-over-year change of -183.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Sui Group Holdings Limited's revenues are expected to be $0.7 million, down 30.7% from the year-ago quarter.
Coinbase Global (COIN -1.07%) reported third-quarter net income of $719 million, driven by a $715 million gain on crypto it holds as an investment. Shares fell about 2% in after-hours trading. Strip out that markup, and the core business earned far less than a year ago, even as it gained share.
Key NumbersAdjusted EBITDA: $333 million, up 60% from Q2 but down 58% from $801 million a year ago.Subscription and services revenue: 49% of net revenue.Crypto trading volume market share: 10.7%, its fourth straight quarterly gain.Average USDC held in Coinbase products: $22 billion, up 49% from a year ago.What It MeansThe headline profit is a price move, not an operating result. Coinbase marks the crypto it owns to market each quarter, so its bottom line swings with coin prices. Without those gains and other investment gains, adjusted net income was $78 million.
COIN Coinbase Global$160.59-$1.73 (-1.07%)
NASDAQ · As of 4:00 PM ET 10/29/26
The drop points to trading. Transaction fees rise and fall with prices and activity, and the release calls the market softer. Coinbase won a bigger slice of a smaller pie, which helps but can't make up the gap. The release gives no net revenue figure, so readers can't size the decline.
The push beyond trading is real, but it isn't a full hedge yet. Much of subscription and services revenue comes from interest on stablecoin reserves, which depends on rates rather than trading. Prediction markets topped $200 million in annualized revenue, and the CFO says they're less tied to crypto swings. It's a promising line, but still a small one.
What to Watch NextWatch whether adjusted EBITDA keeps recovering without help from crypto prices. Also watch whether prediction markets keep growing now that the slower summer sports months are over.
David Kretzmann has positions in Coinbase Global. The Motley Fool recommends Coinbase Global. The Motley Fool has a disclosure policy.
Ripple's stablecoin is landing on Coinbase, powering repo markets, and earning a Moody's credit rating while XRP sits at a one-year low. Whether RLUSD is complementing XRP or quietly crowding it out depends on details Ripple is not spelling out.
For the quarter ended September 2026, Coinbase Global, Inc. (COIN - Free Report) reported revenue of $1.22 billion, down 35% over the same period last year. EPS came in at $0.28, compared to $1.44 in the year-ago quarter.
The reported revenue represents a surprise of +1.46% over the Zacks Consensus Estimate of $1.2 billion. With the consensus EPS estimate being -$0.16, the EPS surprise was +275%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Coinbase Global performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Trading Volume: $134.50 billion versus the six-analyst average estimate of $143.78 billion.Monthly Transacting Users (MTUs): 7.4 million versus the six-analyst average estimate of 8.12 million.Trading Volume - Institutional: $111.10 billion compared to the $117.63 billion average estimate based on six analysts.Trading Volume - Consumer: $23.40 billion versus $26.15 billion estimated by six analysts on average.Net revenue: $1.16 billion compared to the $1.12 billion average estimate based on nine analysts. The reported number represents a change of -35.3% year over year.Other revenue: $55.1 million compared to the $65.31 million average estimate based on nine analysts. The reported number represents a change of -27.2% year over year.Net Revenue- Transaction revenue: $590 million versus the eight-analyst average estimate of $551.33 million. The reported number represents a year-over-year change of -43.6%.Net Revenue- Total Subscription and services: $570 million versus the eight-analyst average estimate of $565.28 million. The reported number represents a year-over-year change of -23.7%.Net Revenue- Subscription and services- Stablecoin Revenue: $307 million versus $309.21 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -13.5% change.Net Transaction Revenue- Consumer, net: $450 million versus $470.56 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -46.7% change.Net Transaction Revenue- Other transaction revenue: $48 million versus $45 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -29.1% change.Net Revenue- Subscription and services- Interest and finance fee income: $69 million compared to the $63.83 million average estimate based on five analysts. The reported number represents a change of +6.5% year over year.View all Key Company Metrics for Coinbase Global here>>>
Shares of Coinbase Global have returned -12.9% over the past month versus the Zacks S&P 500 composite's +0.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Want to Own a Piece of Professional Sports? This ETF Could Be Your TicketCoinbase Global NASDAQ: COIN executives said the company’s efforts to diversify beyond spot cryptocurrency trading helped support revenue in the third quarter, as growth in prediction markets and derivatives offset lower crypto spot-market activity.
During a live Q&A session following the company’s third-quarter 2026 earnings release, Chief Financial Officer Alesia Haas said spot crypto trading volume declined 10% from the prior quarter. However, Coinbase’s prediction-markets product, launched in February, surpassed $200 million in annualized run-rate revenue during the quarter.
Get Coinbase Global alerts:
Want Private-Market Access to Kalshi and Polymarket? Try This ETF“The growth in Prediction Markets offset the decline in overall spot trading, and we delivered flat revenue quarter-over-quarter,” Haas said.
Haas said prediction markets and derivatives together accounted for about 25% of Coinbase’s transaction revenue, while subscription and services revenue represented roughly 49% of total net revenue. She said the company views prediction markets and derivatives as incremental products rather than replacements for spot trading.
Bitcoin, collateral and institutional demand Nasdaq’s Business Is Outrunning Its StockChief Executive Officer Brian Armstrong said Coinbase remains bullish on Bitcoin and recently bought its 18,000th Bitcoin for its corporate balance sheet. He said a developing use case for the cryptocurrency is as collateral in decentralized finance and trading markets.
“A lot of our customers who were early in Bitcoin, they do not want to ever sell their Bitcoin, but they do want to use it as collateral,” Armstrong said.
He pointed to Base, Coinbase’s blockchain network, where customers can use Bitcoin as collateral to obtain financing and conduct additional trading. Armstrong said this dynamic could improve liquidity for decentralized exchanges.
Haas added that the company saw significant Bitcoin exchange-traded fund inflows during the quarter. She said institutional adoption has contributed to lower Bitcoin volatility and positioned the asset as a potential diversification component within investment portfolios.
Stablecoin distribution and tokenized equities Coinbase said it remains committed to expanding the use of USDC, the stablecoin it co-founded with Circle, while also supporting other regulated stablecoins on its platform, including PYUSD and OUSD.
Haas described Coinbase’s role in the USDC relationship as focused on distribution, customer relationships, infrastructure and integrating the stablecoin into transaction flows across its products. She cited the use of USDC as collateral on Coinbase’s derivatives exchange and its deployment on Base for payment functions through the Coinbase Developer Platform.
According to Haas, Coinbase captures about 50% of the economics associated with USDC and holds about 30% of total USDC in circulation as assets on its platform. She said USDC holdings on the platform have grown significantly across recent quarters.
“We are both incentivized to grow total USDC market cap and deeply embedded in the overall network of stablecoin usage around the world,” Haas said of Coinbase and Circle.
On tokenized equities, Haas said Base sequencer fees are currently the most direct source of monetization. Longer term, she said Coinbase sees opportunities in increasing the utility, liquidity and network effects surrounding tokenized assets.
Coinbase has recorded $3 billion in tokenized-equity trading volume on Base since the launch of the product for non-U.S. customers, Haas said. Armstrong added that Coinbase’s tokenized equities are structured as securities that provide features including dividend participation, redemption for underlying assets and, in development, voting rights.
AI agents and the “everything exchange” strategy Armstrong highlighted Coinbase’s push into artificial intelligence-enabled financial services through Coinbase for Agents, a product designed to connect third-party AI agents to Coinbase accounts. He said agentic trading volume has been growing about 20% week over week, though it remains small compared with the company’s overall trading activity.
The product includes an MCP application programming interface and supports functions involving crypto, equities, prediction markets and payments. Armstrong said Coinbase intends to provide AI agents with financial-account controls and permissions for spending, payments, borrowing and trading.
“We really want to make Coinbase the most AI-enabled financial account out there for trading and payments and borrowing,” Armstrong said.
He said the company’s strategy is to create an “everything exchange” that brings trading, payments, lending and other financial services into a single account. Coinbase believes its ability to serve retail consumers, institutions, businesses and developers can create operating leverage by allowing it to introduce products across multiple customer categories.
Armstrong also said Coinbase is integrating Deribit, the crypto options platform it acquired, into its broader product offering. The company is creating what he called a unified regulated global exchange spanning perpetual futures, options and futures, and is making Deribit available to both U.S. and international users. He said Coinbase also plans to relaunch its advanced trading platform under the Coinbase Pro brand.
Security and regulatory outlook Addressing questions on cryptographic security, Armstrong distinguished between risks posed by AI and those posed by quantum computing. He said he was not particularly concerned that AI would break elliptic-curve cryptography, citing decades of unsuccessful efforts to undermine the encryption method.
Quantum computing represents a longer-term concern, he said, and Coinbase has begun work to make its custody services post-quantum. Haas said Coinbase acquired a team of cryptography specialists in 2022 and is monitoring both quantum and AI-related security developments.
Armstrong said he expects to spend more time focused on customers and products in 2027, following a period in which Coinbase was heavily involved in policy matters in Washington. He said the regulatory environment has improved, citing the GENIUS Act and cooperation between the Securities and Exchange Commission and Commodity Futures Trading Commission.
About Coinbase Global (NASDAQ:COIN)Coinbase Global, Inc operates a digital-asset financial infrastructure and technology platform. Through its Coinbase platform, the company enables individuals and institutions to buy, sell, store, transfer and use cryptocurrencies and other digital assets. Its services are designed to support both retail customers and institutional participants in the digital-asset economy.
The company offers cryptocurrency trading, custody and staking services, as well as subscription products and institutional solutions.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
Should You Invest $1,000 in Coinbase Global Right Now?Before you consider Coinbase Global, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Coinbase Global wasn't on the list.
While Coinbase Global currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The AI boom is creating opportunities across semiconductors, cloud computing, enterprise software, infrastructure, cybersecurity, and automation.
Inside this report, you’ll find 10 companies positioned to benefit as artificial intelligence moves from hype to real-world deployment and becomes a core growth driver for corporate America.
Get This Free Report
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Jaime Morris - Head of Investor Relations
David Baszucki - Founder, President, CEO & Chairman of the Board
Naveen Chopra - Chief Financial Officer
Conference Call Participants
Bryan Smilek - JPMorgan Chase & Co, Research Division
Kenneth Gawrelski - Wells Fargo Securities, LLC, Research Division
Matthew Cost - Morgan Stanley, Research Division
James Heaney - Jefferies LLC, Research Division
Christopher Schoell - UBS Investment Bank, Research Division
Andrew Marok - Raymond James & Associates, Inc., Research Division
Jason Bazinet - Citigroup Inc., Research Division
Aaron Lee - Macquarie Research
Martin Yang - Oppenheimer & Co. Inc., Research Division
Presentation
Operator
Hello, everyone. Thank you for joining us, and welcome to the Roblox Third Quarter 2026 Earnings Conference Call. [Operator Instructions] I will now hand the conference over to Jaime Morris, Head of Investor Relations. Jaime, please go ahead.
Jaime Morris
Head of Investor Relations
Good afternoon, everyone. Thank you for joining us to discuss our Q3 2026 earnings results. With me today is Roblox's Co-Founder and CEO, David Baszucki; and our Chief Financial Officer, Naveen Chopra.
Before we begin, I would like to remind you that our commentary today may include forward-looking statements, which are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those described in our forward-looking statements. A description of these risks, uncertainties and assumptions are included in our SEC filings, including our most recent reports on Form 10-K and Form 10-Q. You should not rely on our forward-looking statements as predictions of future events, and we disclaim any obligation to update these statements, except as required by law.
During this call, we will also discuss certain non-GAAP financial measures. Reconciliations between GAAP and non-GAAP metrics can be found in our shareholder letter and supplemental materials, which
Roblox (RBLX - Free Report) reported $1.7 billion in revenue for the quarter ended September 2026, representing a year-over-year decline of 11.7%. EPS of -$0.32 for the same period compares to -$0.37 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.63 billion, representing a surprise of +3.89%. The company delivered an EPS surprise of +21.95%, with the consensus EPS estimate being -$0.41.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Roblox performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Bookings: $1.7 billion versus the eight-analyst average estimate of $1.63 billion.Daily Active Users (DAUs): 138 million compared to the 130.65 million average estimate based on five analysts.Total Hours Engaged: 33.8 billion compared to the 32.24 billion average estimate based on five analysts.Daily Active Users (DAUs) - ROW: 40 million versus 35.28 million estimated by four analysts on average.Daily Active Users (DAUs) - APAC: 42 million versus the four-analyst average estimate of 42.14 million.Daily Active Users (DAUs) - US & Canada: 24 million versus 24.03 million estimated by four analysts on average.Daily Active Users (DAUs) - Europe: 32 million versus the four-analyst average estimate of 28.18 million.View all Key Company Metrics for Roblox here>>>
Shares of Roblox have returned +25.8% over the past month versus the Zacks S&P 500 composite's +0.9% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
