The Zacks Analyst Blog Costco, AT&T, Marsh & McLennan and Air T

Core Insights - The article highlights the performance and outlook of several companies, including Costco, AT&T, Marsh & McLennan, and Air T, as analyzed by Zacks Equity Research analysts [1][2]. Costco Wholesale Corp. (COST) - Costco's shares have outperformed the Zacks Retail - Discount Stores industry over the past year, with a gain of +41.9% compared to the industry's +19.4% [4]. - The company is expected to achieve an 11.5% adjusted earnings per share improvement in fiscal 2025, driven by a 6.6% revenue growth [5]. - Key strengths include strategic investments, a customer-centric approach, merchandise initiatives, and a focus on membership growth [4][6]. AT&T Inc. (T) - AT&T's shares have outperformed the Zacks Wireless National industry over the past year, with a gain of +62.9% compared to +48.9% for the industry [7]. - The company is focusing on business transformation to enhance operational efficiency, with solid growth in 5G and fiber subscribers as key drivers [7][8]. - Collaborations with Microsoft and Nokia aim to improve network services and automation, although competition and declining linear TV subscribers pose challenges [9]. Marsh & McLennan Companies, Inc. (MMC) - Marsh & McLennan's shares have gained +15% over the past year, while the Zacks Insurance - Brokerage industry gained +34.6% [10]. - The company is well-positioned for growth through strategic acquisitions, including a $7.75 billion acquisition of McGriff, and strong performance in its Risk and Insurance Services unit [10][11]. - Rising operating costs and a debt-laden balance sheet are concerns, impacting margins [12]. Air T, Inc. (AIRT) - Air T's shares have outperformed the Zacks Transportation - Air Freight and Cargo industry over the past year, with a gain of +8.5% compared to a -9.1% decline for the industry [13]. - The company reported a 22.2% revenue increase to $77.9 million in the third quarter of fiscal 2025, with growth across all core segments [13][14]. - Despite strong performance, risks include significant debt of $105.4 million and a net loss of $1.3 million in the third quarter [15].