Core Insights - Viasat, Inc. (VSAT) is set to report its second-quarter fiscal 2026 results on November 6, with a history of earnings surprises averaging 36.78% over the past four quarters [1][10] - Despite challenges in the Communication Services segment, revenue growth is anticipated, driven by the Defense and Advanced Technologies segment [10] Group 1: Recent Developments - Viasat was selected by the U.S. Government to develop a next-generation high-speed Ethernet Data Encryptor for securing classified data in government cloud data centers [2] - The company successfully connected its Global Aero Terminal 5510 to a ViaSat-3 satellite during test flights, enhancing in-flight broadband service for business jets [3] - Viasat launched its HaloNet portfolio, which integrates space and terrestrial networks, enabling various applications such as secure low-latency links and Direct-to-Earth service [4] Group 2: Financial Expectations - The Zacks Consensus Estimate for Product revenues is $340.59 million, up from $323.95 million in the same quarter last year [6] - For the Service vertical, the estimate stands at $811.89 million, an increase from $798.31 million year over year [6] - Total revenue for the September quarter is estimated at $1.14 billion, consistent with the previous year's figure, while adjusted earnings per share are expected to show a narrower loss of 11 cents compared to a loss of $1.07 in the prior year [7] Group 3: Earnings Predictions - Current analysis does not predict a definitive earnings beat for Viasat, with an Earnings ESP of 0.00% indicating no difference between the Most Accurate Estimate and the Zacks Consensus Estimate [8][9] - Viasat holds a Zacks Rank of 3, suggesting a neutral outlook [9]

Core Insights - nVent Electric (NVT) shares have declined by 3.4% following the release of its third-quarter 2025 earnings, primarily due to inflationary pressures, including $30 million in tariff impacts and increased incentive compensation costs [1][8] - The company reported adjusted earnings of 91 cents per share, exceeding the Zacks Consensus Estimate by 3.41% and reflecting a year-over-year increase of 44.4% [1][8] Financial Performance - Net sales rose by 35% year over year to $1.05 billion, surpassing the Zacks Consensus Estimate by 4.75%. Organic sales growth was 16%, with acquisitions contributing an additional $139 million [2] - Systems protection net sales reached $716 million, a 50% increase year over year, beating the Zacks Consensus Estimate by 6.59%. Organic growth in this segment was 23% [3] - Electrical Connections net sales were $338 million, up 11% year over year, but fell short of the Zacks Consensus Estimate by 0.41%. Organic growth in this segment was 5% [4] Margin and Expense Analysis - The GAAP gross margin contracted by 240 basis points year over year to 37.4%. Selling, General and Administrative expenses increased by 28.4% year over year to $207.4 million, although as a percentage of revenues, these expenses decreased by 98 basis points to 19.7% [5] - Research and development (R&D) expenses rose by 28% year over year to $20.6 million, with R&D as a percentage of revenues decreasing by 10 basis points to 2% [6] - Adjusted operating income was reported at $213.3 million, a 26.7% increase from $168.4 million year over year, while the adjusted operating margin decreased to 20.2% from 21.5% [6] Cash Flow and Balance Sheet - As of September 30, 2025, nVent had cash and cash equivalents of $126.9 million, slightly up from $125.8 million as of June 30, 2025. Net cash provided by operating activities was $272 million in Q3, compared to $91 million in Q2 [7] - Free cash flow generated in the third quarter was $253 million, significantly higher than the $74.1 million reported in the second quarter of 2025 [9] Future Guidance - For Q4 2025, nVent expects net sales growth between 31% to 33%, with organic growth anticipated between 15% to 17%. Adjusted earnings are projected to be between 87 cents and 89 cents per share [10] - For the full year 2025, the company estimates reported sales growth of 27% to 28% and organic sales growth of 10% to 11%, with adjusted EPS expected to be between $3.22 and $3.30 [10]

Core Insights - RingCentral (RNG) reported third-quarter 2025 non-GAAP earnings of $1.13 per share, exceeding the Zacks Consensus Estimate by 4.63% and reflecting an 18.9% year-over-year increase [1][9] - Total revenues reached $638.7 million, surpassing the consensus mark by 0.29% and showing a 4.9% year-over-year growth, driven by a robust product portfolio and strong subscription revenues [1][9] Quarterly Details - Software subscription revenues, which constitute 96.4% of total revenues, increased by 5.6% year over year to $615.8 million, beating the Zacks Consensus Estimate by 0.04% [2] - Other revenues, accounting for 3.6% of total revenues, decreased by 11.5% year over year to $22.8 million, but exceeded the Zacks Consensus Estimate by 9.79% [2] - Annualized Exit Monthly Recurring Subscriptions (ARR) rose by 6% year over year to $2.63 billion, driven by strong demand for AI-powered multi-product offerings [2] Operating Details - Non-GAAP gross margin expanded by 70 basis points year over year to 77.6% [4] - Non-GAAP research and development expenses decreased by 0.7% year over year to $61.9 million, while sales and marketing expenses increased by 1.1% to $240 million [4] - General and administrative expenses rose by 17% year over year to $47.5 million [4] - Non-GAAP operating income was $145.9 million, up 14.1% year over year, with an operating margin expansion of 180 basis points to 22.8% [5] Balance Sheet & Cash Flow Details - As of September 30, 2025, cash and cash equivalents were $145.3 million, down from $168 million as of June 30, 2025 [6] - Cash flow from operations was $151 million in Q3 2025, compared to $167 million in Q2 2025 [6] - In Q3 2025, RNG repurchased shares worth $117 million, with a remaining repurchase authorization of $384 million [6] - Non-GAAP free cash flow was $129.5 million, down from $144.3 million in the previous quarter, with a non-GAAP cash flow margin of 20.3% [7] Guidance - For Q4 2025, RingCentral expects revenues between $638 million and $646 million, indicating year-over-year growth of 3.9% to 5.2% [10] - Subscription revenues are projected to be between $618 million and $626 million, reflecting year-over-year growth of 4.8% to 6.2% [10] - The non-GAAP operating margin is expected to remain at 22.8% in Q4 2025, with earnings anticipated in the range of $1.12 to $1.15 per share [10] - For the full year 2025, revenue growth is projected at 4.5% to 5%, with subscription revenue growth expected between 5.5% and 6% [11] - Non-GAAP earnings for 2025 are anticipated to be in the range of $4.29 to $4.33 per share [12]

Core Insights - Datadog (DDOG) is expected to report third-quarter 2025 results on November 6, with projected revenues between $847 million and $851 million, indicating a 23% year-over-year growth [1][8] - The Zacks Consensus Estimate for revenues stands at $849.77 million, reflecting a 23.15% increase from the previous year's quarter [1] - Expected diluted non-GAAP earnings per share for the third quarter are between 44 and 46 cents, with the consensus estimate at 45 cents, showing a year-over-year decline of 2.17% [2][8] Revenue Growth Factors - Datadog's expanding security portfolio, including offerings like Code Security and Workload Protection, is anticipated to significantly contribute to revenue growth, with the security suite generating over $100 million in annual recurring revenues, growing at a mid-40% year-over-year rate [3] - The company's engagement with AI-native companies is expected to positively impact performance, as its observability and security platforms are increasingly adopted for monitoring AI-powered applications, leading to higher data volumes and product usage [4] - A solid second-quarter performance, with revenues of $827 million (up 28% year-over-year) and free cash flow of $165 million, has set a strong foundation for the upcoming quarter [5] Margin Pressures - Datadog is likely to face margin pressures due to ongoing investments in research and development and cloud infrastructure to support its growing customer base, which may offset the benefits of strong revenue growth [6][8] Earnings Prediction Model - The Zacks model does not predict a conclusive earnings beat for Datadog this time, as it currently has an Earnings ESP of 0.00% and a Zacks Rank of 2 (Buy) [7][9]

Core Insights - Take-Two Interactive Software (TTWO) is set to release its second-quarter fiscal 2026 results on November 6, with expected GAAP net revenues between $1.65 billion and $1.70 billion, and operating expenses anticipated to be between $1.02 billion and $1.03 billion, projecting a loss per share between 75 cents and 60 cents [1][10] Revenue and Earnings Expectations - The Zacks Consensus Estimate for TTWO's fiscal second-quarter revenues is $1.74 billion, reflecting a year-over-year growth of 17.71% [2] - The consensus estimate for earnings is 91 cents per share, indicating a 37.88% improvement from the previous year [2] Performance Drivers - The company entered the quarter with strong momentum, having exceeded first-quarter expectations with net bookings of $1.42 billion and raised full-year guidance to $6.05-$6.15 billion, suggesting an 8% growth over fiscal 2025 [4] - For the second quarter of fiscal 2026, net bookings are expected to range between $1.70 billion and $1.75 billion, compared to $1.44 billion in the prior-year period, indicating robust year-over-year expansion [5] - Major game launches during the quarter include Mafia: The Old Country, NBA 2K26, and Borderlands 4, which significantly contributed to performance [5][10] Franchise Performance - The NBA 2K franchise showed remarkable momentum, with NBA 2K25 selling over 11.5 million units and recurrent consumer spending growing by 48% year over year [6] - Grand Theft Auto V has sold over 215 million units globally, with new player accounts for GTA Online increasing by over 50% year over year [7] - Recurrent consumer spending accounted for 83% of net bookings in the fiscal first quarter, establishing a sustainable revenue foundation [7][10] Operational Strength - With three major game releases, increasing recurrent spending, and raised full-year guidance, Take-Two has demonstrated significant operational strength, suggesting potential for exceptional quarterly results [8]

Core Insights - Expedia Group (EXPE) is set to report its third-quarter 2025 results on November 6, with expected revenues of $4.3 billion, reflecting a 5.9% year-over-year increase [1][10] - The consensus estimate for earnings is $7.21 per share, indicating a 17.62% increase from the previous year [1][10] - EXPE has surpassed earnings estimates in three of the last four quarters, with an average surprise of 3.4% [2] Revenue and Booking Projections - Management anticipates third-quarter gross bookings to grow by 5% to 7% and revenues to increase by 4% to 6%, although there are warnings of slower growth in the fourth quarter due to challenging year-over-year comparisons [3] - The company noted a softening in U.S. travel market conditions during the second quarter, but observed an uptick in overall travel demand since July, which is expected to positively impact third-quarter bookings and revenue, particularly in the domestic market [4] Dividend and Financial Guidance - In August, Expedia's board declared a quarterly cash dividend of 40 cents per share, payable on September 18, 2025, reflecting management's confidence in the company's cash generation capabilities [5] - Following strong performance in the first half of the year and improved travel demand trends, the company raised its full-year guidance, expecting gross bookings and revenue growth of 3% to 5% with an adjusted EBITDA margin expansion of one percentage point [6] Earnings Expectations - The current Earnings ESP for EXPE is +8.44%, and it holds a Zacks Rank of 3, indicating a potential for an earnings beat [8][10]

Core Insights - nLIGHT, Inc. (LASR) is set to report its third-quarter 2025 earnings on November 6, with anticipated revenues between $62 million and $67 million, reflecting an 11.3% increase from $56.1 million in the same quarter last year [1][8] - The consensus estimate for earnings is 2 cents per share, a significant improvement from a loss of 8 cents per share in the previous year [2][8] - The company has shown a mixed performance in the past four quarters, surpassing earnings estimates twice, matching once, and missing once, with an average surprise of 50.4% [2] Revenue Drivers - nLIGHT's focus on high-power semiconductor and fiber lasers is expected to benefit from strong demand in the aerospace and defense (A&D) markets, which accounted for 66% of total sales in the second quarter of 2025, up from 54% year-over-year [3][4] - The A&D segment achieved record revenues of $40.7 million in the second quarter, marking a 49% year-over-year increase [3] - Key areas driving A&D revenues include directed energy systems, missile defense, and laser sensing, which align with long-term funding priorities of the Department of Defense [4][5] Market Challenges - Despite the strong performance in the A&D sector, sluggish demand in the industrial end market is expected to negatively impact overall performance in the upcoming quarter [6] - The favorable business mix towards defense products is anticipated to enhance margins, supported by higher factory absorption and improved manufacturing execution [6] Earnings Prediction Model - The Zacks model indicates that nLIGHT does not conclusively predict an earnings beat this season, as it has a Zacks Rank of 2 but an Earnings ESP of 0.00% [7]

Core Insights - Compass, Inc. reported a quarterly loss of $0.01 per share, better than the Zacks Consensus Estimate of a loss of $0.02, marking a 50.00% earnings surprise [1] - The company achieved revenues of $1.85 billion for the quarter ended September 2025, exceeding the Zacks Consensus Estimate by 3.32% and up from $1.49 billion a year ago [2] - Compass shares have increased approximately 33% year-to-date, outperforming the S&P 500's gain of 16.5% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.08 on revenues of $1.64 billion, and -$0.12 on revenues of $6.85 billion for the current fiscal year [7] - The estimate revisions trend for Compass was unfavorable prior to the earnings release, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Internet - Software industry, to which Compass belongs, is currently ranked in the top 32% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - StoneCo Ltd., another company in the same industry, is expected to report quarterly earnings of $0.43 per share, reflecting a year-over-year increase of 22.9% [9]

Core Insights - WESCO International (WCC) shares increased approximately 3% following strong Q3 2025 results, with adjusted earnings of $3.92 per share, reflecting a 9.5% year-over-year growth and surpassing Zacks Consensus Estimate by 4.53% [1] - Net sales reached $6.2 billion, marking a 13% year-over-year increase and exceeding Zacks Consensus Estimate by 5.17% [1] - Organic sales grew by 2.4% year over year [1] Segment Performance - EES Segment (38.1% of Net Sales): Sales were $2.36 billion, up 11.8% year over year, with organic sales increasing by 11.9% [2] - CSS Segment (38.9% of Net Sales): Sales reached $2.41 billion, a 20.8% year-over-year increase, with organic sales up 18.3% [3] - UBS Segment (23% of Net Sales): Sales totaled $1.43 billion, reflecting a 3.3% year-over-year increase, with organic sales rising by 3.4% [3] Operating Metrics - Q3 2025 gross margin was 21.3%, down 80 basis points year over year [4] - Adjusted EBITDA margin decreased to 6%, down 100 basis points year over year [4] - Selling, general and administrative expenses were $914.1 million, up 10.8% year over year, but as a percentage of net sales, it decreased by 30 basis points to 14.7% [4] - Adjusted operating margin contracted to 5.7%, down 50 basis points year over year [4] Financial Position - As of September 30, 2025, cash and cash equivalents were $571.9 million, down from $667 million as of June 30, 2025 [5] - Long-term debt increased to $5.72 billion from $5.64 billion in the previous quarter [5] - Net cash used in operating activities for Q3 2025 was $82.7 million [5] Future Outlook - For 2025, WESCO anticipates organic sales growth between 8% and 9%, with reported sales expected to be between $21.8 billion and $22.7 billion [6] - The adjusted EBITDA margin is projected to be 6.6%, with adjusted earnings expected to range from $13.10 to $13.60 per share [6] - Free cash flow is anticipated to be between $400 million and $500 million [8] - For Q4 2025, reported sales are expected to increase in the high single-digit range, with adjusted EBITDA expected to rise by approximately 30 basis points [8]

Core Insights - Enovix Corporation (ENVX) is set to report its third-quarter 2025 results on November 5, 2025 [1] Revenue Expectations - Enovix anticipates total revenues between $7.5 million and $8.5 million for Q3 2025, significantly higher than the $4.3 million reported in the same quarter last year, reflecting strong demand and improved production throughput [2] - This revenue forecast also aligns with approximately $7.5 million from the previous quarter, with the Zacks Consensus Estimate at $8.08 million, indicating an 86.99% year-over-year increase [2] Loss Projections - The company expects a non-GAAP loss between 14 cents and 18 cents per share, with the consensus mark for loss at 16 cents, showing a year-over-year improvement of 5.88% [3] - Enovix has consistently beaten earnings estimates in the past four quarters, with an average surprise of 20.07% [3] Performance Drivers - The anticipated performance for Q3 2025 is expected to benefit from continued revenue momentum, driven by sequential growth and expanding customer programs [4] - Early production gains at Fab 2 and a steady rise in shipments to consumer and industrial customers are likely to have improved scale efficiency during the quarter [4] Product Development - Enovix is expected to benefit from the early commercialization of its AI-1 smartphone battery platform, which features a 100% active silicon anode, providing superior energy density and ultra-fast charging capabilities [5] - The transition of AI-1 from pilot to volume production is expected to capture operating leverage from scaling efficiencies and stronger demand across premium smartphone programs [5] Margin Challenges - The company is likely to face margin headwinds in Q3 2025 due to a less favorable product mix and rising costs associated with manufacturing readiness initiatives [6] - As a result, gross margins are expected to narrow, and increased operating expenses may lead to a higher net operating loss for the period [6] Earnings Prediction Model - The current model does not predict an earnings beat for Enovix, as it has an Earnings ESP of 0.00% and a Zacks Rank of 2 (Buy) [7] Comparisons with Other Stocks - Other companies with favorable earnings predictions include StoneCo (Earnings ESP of +7.81%, Zacks Rank 1), Qorvo Inc. (Earnings ESP of +7.69%, Zacks Rank 2), and CoreWeave Inc. (Earnings ESP of +15.66%, Zacks Rank 2) [8][9][10]