Core Viewpoint - TechnipFMC plc (FTI) is set to announce its fourth-quarter fiscal 2025 results on February 19, with earnings estimated at 51 cents per share and revenues at $2.55 billion [1] Group 1: Recent Performance - In the last reported quarter, FTI achieved adjusted earnings of 75 cents per share, surpassing the Zacks Consensus Estimate of 65 cents, driven by strong performance in the Subsea segment [2] - FTI's revenues for the last quarter were $2.6 billion, exceeding the Zacks Consensus Estimate by 1.2% [2] - FTI has beaten the Zacks Consensus Estimate in three of the last four quarters, with an average surprise of 20.16% [3] Group 2: Fourth Quarter Expectations - The Zacks Consensus Estimate for fourth-quarter fiscal 2025 earnings has remained unchanged, indicating a 5.56% year-over-year decrease, while revenue estimates suggest a 7.58% increase from the previous year [3] - FTI's revenue is expected to improve due to strong contributions from the Subsea segment, which is projected to generate $2.2 billion, reflecting an 8.7% year-over-year increase [4][5] - The company holds a $16.8 billion backlog, which, along with the ongoing industrialization of its Subsea business, is expected to positively influence fourth-quarter earnings [6] Group 3: Cost Considerations - Rising costs may negatively impact FTI's bottom line, with total costs and expenses increasing by 8.8% in the last quarter, a trend expected to continue [7] - The increase in costs is attributed to the inflationary environment and a tight labor market [7] Group 4: Earnings Prediction - The model predicts an earnings beat for FTI, supported by a positive Earnings ESP of +1.61% and a Zacks Rank of 2 (Buy) [10][11]

Key Takeaways eBay is set to report Q4 2025 results with revenues guided to $2.83-$2.89B.EBAY expects GMV of $20.5-$20.9B, aided by marketplace upgrades and key partnerships.eBay sees mid-20% non-GAAP margins, reflecting higher costs and strategic investments.eBay (EBAY) is scheduled to report its fourth-quarter 2025 results on Feb. 18, 2026.For the fourth quarter, eBay expects total revenues between $2.83 billion and $2.89 billion. On an FX-neutral basis, year-over-year revenue growth is anticipated to be ...

Core Insights - PPL Corporation (PPL) is anticipated to report its fourth-quarter 2025 results on February 20, with earnings expected to rise by 23.53% year-over-year to 42 cents per share and revenues projected to increase by 5.76% to $2.34 billion [1][6]. Financial Estimates - The Zacks Consensus Estimate for PPL's earnings per share (EPS) for the current quarter is 0.42, with a range of estimates from 0.41 to 0.42 [2]. - For the next quarter, the EPS estimate is 0.61, with a high estimate of 0.63 and a low of 0.57 [2]. - The current year EPS estimate stands at 1.82, reflecting a year-over-year growth of 7.69%, while the next year is projected at 1.95, indicating a growth of 7.54% [2]. Earnings Surprise History - PPL has beaten the Zacks Consensus Estimate in two of the last four quarters, resulting in a negative average surprise of 1.02% [3]. Earnings Prediction Model - The current Earnings ESP for PPL is 0.00%, and it holds a Zacks Rank of 3 (Hold), indicating that the model does not predict an earnings beat this time [5]. Key Factors Influencing Q4 Results - PPL's performance is likely to benefit from ongoing cost reduction initiatives, energy efficiency programs, and increased demand from data centers in Pennsylvania and the private sector in Kentucky [8][9]. - The expected return on capital investment in the latter half of 2025 is also anticipated to contribute positively to fourth-quarter earnings [8]. Stock Performance - Over the past three months, PPL's stock has returned 2.8%, outperforming the industry growth of 1.7% [12]. - PPL is trading at a forward price-to-earnings ratio of 19.16X, which is higher than the industry average of 17.17X [13]. Return on Equity - PPL's trailing 12-month return on equity (ROE) is 9.08%, which is below the industry average of 10.7% [15]. Investment Considerations - PPL plans to invest $20 billion from 2025 to 2028, focusing on infrastructure construction across generation, transmission, and distribution assets, which is expected to enhance system reliability [16]. - The company operates in a favorable regulatory environment, with over 60% of its capital investment plan eligible for contemporaneous recovery, mitigating the impact of regulatory lag on earnings [17]. - PPL has implemented common design and operational standards across its utilities to improve service resilience and efficiency in meeting rising customer demand [18]. Summary - PPL Corporation is positioned to benefit from rising demand, cost savings initiatives, and infrastructure upgrades, with strong liquidity and ongoing grid modernization serving as key tailwinds [19].

Core Insights - Live Nation Entertainment, Inc. (LYV) is set to report its fourth-quarter 2025 results on February 19, after market close [1] - The company's adjusted earnings per share (EPS) for the last reported quarter missed the Zacks Consensus Estimate by 39.7% and declined 56% year over year, while revenues missed the consensus mark by 0.6% but increased 11% year over year [1] Earnings Performance - LYV's earnings exceeded the consensus estimate in two of the last four quarters, while missing in the other two, with an average surprise of 13.5% [2] Earnings Estimates - The Zacks Consensus Estimate for the fourth-quarter loss has widened to $1.02 per share from a previous estimate of a loss of 97 cents, compared to an adjusted EPS of 56 cents in the same quarter last year [3] - Revenue estimates for the fourth quarter are projected at $6.07 billion, reflecting a 6.9% increase from $5.68 billion reported in the prior year [3] Revenue Drivers - The anticipated revenue growth in the fourth quarter is attributed to pent-up demand for live events and strong ticket sales, supported by high attendance at large venues and sustained international demand [4] - Concert revenues are expected to rise by 7.5% year over year to $4.9 billion, while Sponsorship and Advertising revenues are projected to increase by 15.2% to $324 million, and Ticketing revenues by 4.2% to $876.2 million [5] Cost Pressures - Increased labor-hiring costs, artist activation costs, and other operational expenses are likely to negatively impact LYV's bottom line for the quarter [6] - The company is also facing rising venue costs and service fees, with caution regarding cost overruns related to the development and expansion of live music venues [6] Earnings Prediction Model - The current model does not predict an earnings beat for Live Nation Entertainment, as it has an Earnings ESP of -15.45% and a Zacks Rank of 5 (Strong Sell) [7][8]

Core Insights - Cadence Design Systems, Inc. (CDNS) is set to release its fourth-quarter results for 2025 on February 17, with earnings per share (EPS) expected at $1.90 and revenues at $1.42 billion, reflecting a 1.1% increase in EPS and nearly 5% growth in revenues year-over-year [1][2] Financial Performance - The management anticipates fourth-quarter revenues to be between $1.405 billion and $1.435 billion, compared to $1.356 billion in the same quarter last year [2] - For the full year 2025, revenues are projected to be in the range of $5.262 billion to $5.292 billion, with non-GAAP EPS expected between $7.02 and $7.08 [3] - The company has a strong earnings surprise history, beating the Zacks Consensus Estimate in each of the last four quarters with an average surprise of 5.4% [3] Stock Performance - CDNS stock has increased by 1.5% over the past year, contrasting with a 10.4% decline in the Computer-Software industry, while the S&P 500 composite and the Zacks Computer and Technology sector have risen by 18.2% and 14.1%, respectively [6] Market Factors - Ongoing global macroeconomic uncertainties, particularly U.S.-China tech tensions, along with competition in the EDA space and inflation, are concerns ahead of the fourth-quarter earnings [7] - The demand for AI-driven design solutions is significantly influencing Cadence's performance, with strong activity in sectors such as data centers, drones, robotics, and automotive [8][10] Product and Service Developments - Cadence has expanded its AI and IP portfolio through new launches, partnerships, and acquisitions in 2025, benefiting from a $7 billion backlog and increased R&D spending [8][11] - The core EDA business is expected to gain from demand for new hardware systems, particularly among AI, automotive, and high-performance computing clients [13] - Recent product launches, including the ChipStack AI Super Agent and Tensilica HiFi iQ DSP IP, are designed to address the complexities of modern chip architectures and enhance performance in voice AI and immersive audio applications [19][20] Strategic Collaborations - Cadence is collaborating with major tech companies like Qualcomm and NVIDIA on next-generation AI designs, which is expected to enhance its market position [12] - The acquisition of the Design & Engineering division of Hexagon AB is anticipated to accelerate Cadence's footprint expansion in various sectors, including automotive and aerospace [16][17]

Core Insights - Charles Schwab (SCHW) reported total client assets of $12.15 trillion in January 2026, reflecting a 17.6% increase year-over-year and a 2.1% increase sequentially, attributed to market volatility [1][7] - The company's core net new assets (NNA) were $27.8 billion, which is a decrease of 9.2% from January 2025 and a significant drop of 64.9% from December 2025 [1][7] Performance Breakdown - Client assets under ongoing advisory services reached $6.16 trillion, marking an 18.6% increase from the previous year and a 2.3% increase from the prior month [2] - Average interest-earning assets rose to $441.7 billion, up 2.4% year-over-year and 1.3% sequentially [2] - Margin balances increased to $116.3 billion, showing a 40.3% rise from January 2025 and a 3.6% increase from December 2025 [2][7] Account Activity - The company opened 476,000 new brokerage accounts in January 2026, which is a 9.9% increase compared to the same month last year and stable compared to the previous month [3] - Active brokerage accounts totaled 38.7 million at the end of January 2026, up 5.5% year-over-year and slightly from December 2025 [4] - Client banking accounts reached 2.23 million, reflecting a 10.9% increase from January 2025 and a 1.1% increase sequentially [4] - Workplace plan participant accounts rose to 5.79 million, up 6.3% year-over-year and marginally from December 2025 [4] Market Comparison - In the past three months, Schwab shares have gained 2%, while the industry has seen a growth of 4.5% [5]

Core Insights - Carnival Corporation & plc (CCL) anticipates a measurable earnings boost for fiscal 2026, primarily driven by fuel prices and currency fluctuations, contributing approximately $0.20 per share [1][8] Earnings Expectations - The company projects adjusted net income of around $3.45 billion for fiscal 2026, reflecting a year-over-year increase of over 12%, or $0.23 per share [3] - Adjusted EBITDA is expected to reach approximately $7.6 billion, up from $7.2 billion in fiscal 2025 [3] Cost Pressures - Cruise costs, excluding fuel, are expected to rise by approximately 3.25% in fiscal 2026 [4] - Regulatory expenses related to emissions allowances and Pillar 2 taxes are projected to reduce earnings by about $0.11 per share [4] Fuel and Currency Impact - Fuel prices are expected to provide a favorable impact of $0.17 per share, while foreign exchange rate changes are anticipated to add another $0.03 per share in fiscal 2026 [2][8] - The combined impact of fuel and foreign exchange is integrated into the broader earnings outlook, with adjusted earnings per share projected at approximately $2.48 for fiscal 2026, compared to $2.25 in fiscal 2025 [5] Stock Performance and Valuation - CCL shares have increased by 25.2% over the past three months, outperforming the industry growth of 10.9% [6] - The stock is currently trading at a forward 12-month price-to-earnings (P/E) ratio of 12.24, significantly below the industry average of 16.65 [9] Analyst Confidence - The Zacks Consensus Estimate for CCL's fiscal 2026 earnings per share has been revised upward from $2.40 to $2.54 over the past 60 days, indicating strong analyst confidence [11]

Key Takeaways VLY shares jumped 29.3% in 3 months, topping the industry and broader market.Valley National's revenues rose, seeing a 9.2% CAGR, with 2026-2027 growth projected near 9%.VLY faces CRE loan risks and high expenses, but earnings estimates for 2026-2027 moved higher.Shares of Valley National Bancorp (VLY) have gained 29.3% in the past 3 months, outperforming the industry’s 21.3% growth and the S&P 500 Index’s 2.9% rise.If we compare VLY’s price performance with its peers, Fulton Financial Corpora ...

Core Viewpoint - B2Gold Corp (BTG) is expected to report significant growth in fourth-quarter 2025 earnings, with an estimated EPS of 20 cents compared to 1 cent a year ago, despite a recent downward revision of 9.1% in consensus estimates over the past 60 days [1][4]. Earnings Performance - B2Gold has a mixed earnings surprise history, beating estimates in one of the last four quarters and lagging in three, with an average negative surprise of 24.4% [2]. - The company has a positive Earnings ESP of +1.24% and a Zacks Rank of 3 (Hold), indicating potential for an earnings beat [5][4]. Factors Influencing Q4 Performance - Several factors have contributed to the rise in gold prices in 2025, including geopolitical tensions, a depreciating U.S. dollar, potential monetary policy easing, central bank purchases, and tariff conditions [6]. - Gold prices remained near record highs during the October-December period, which is likely to positively impact B2Gold's performance [7]. Production Outlook - B2Gold anticipates recovering lost production at the Fekola Mine in 2025, with expected gold output from the Fekola Complex between 515,000 and 550,000 ounces, and additional production from the Otjikoto and Masbate mines [8]. - The company expects higher year-over-year gold production and prices to reflect positively in its fourth-quarter results, although cost inflation pressures are impacting margins [9]. Share Price Performance - B2Gold's shares have increased by 117.4% over the past year, compared to a 147.7% rise in the industry [10].

Core Insights - Phillips 66 (PSX) is trading at a trailing 12-month EV/EBITDA multiple of 13.25x, significantly higher than the industry average of 5.13x, with Valero Energy Corporation (VLO) and Par Pacific Holdings, Inc. (PARR) valued at 7.87x and 5.06x respectively [1][8] Business Environment - Softer crude oil prices are expected to benefit PSX's refining business, as well as those of VLO and PARR [3] - The current West Texas Intermediate (WTI) oil price is around $63 per barrel, which is lower than the previous year, allowing PSX to purchase oil at a reduced cost [4][5] - The U.S. Energy Information Administration (EIA) anticipates that global oil inventories will continue to rise, contributing to a sustained soft pricing environment [5] - EIA projects the average WTI price for 2026 to be $53.42 per barrel, down from $65.40 per barrel in 2025, which is likely to enhance PSX's refining margins [6] Diversified Business Model - Unlike many of its peers, PSX has diversified its operations across midstream and chemicals, allocating $1,110 million for both refining and midstream activities in 2026 [7][8] - The midstream business is characterized by stable cash flows and reduced vulnerability to commodity price fluctuations, providing PSX with a buffer against market volatility [10] Stock Performance - Despite positive developments, PSX's stock has underperformed the industry over the past year, gaining 24.8% compared to the industry's 27.2% increase, while PARR and VLO saw gains of 170.6% and 47.9% respectively [11] - As of the end of Q4 2025, PSX's net debt to capital ratio was 38%, which is above the management's target of 30%, indicating elevated leverage [13]