Core Insights - Thomson Reuters reported quarterly earnings of $0.85 per share, exceeding the Zacks Consensus Estimate of $0.81 per share, and showing an increase from $0.80 per share a year ago, resulting in an earnings surprise of +4.94% [1][2] - The company achieved revenues of $1.78 billion for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 0.76% and up from $1.72 billion year-over-year [2] Earnings Performance - Over the last four quarters, Thomson Reuters has consistently surpassed consensus EPS estimates, achieving this four times [2] - The company had a favorable trend in estimate revisions ahead of the earnings release, contributing to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Future Outlook - Current consensus EPS estimate for the upcoming quarter is $1.04 on revenues of $2.02 billion, and for the current fiscal year, it is $3.85 on revenues of $7.48 billion [7] - The outlook for the Business - Services industry, where Thomson Reuters operates, is currently in the bottom 36% of Zacks industries, which may impact stock performance [8]

Core Insights - SPS Commerce (SPSC) reported quarterly earnings of $1.13 per share, exceeding the Zacks Consensus Estimate of $0.99 per share, and up from $0.92 per share a year ago [1] - The earnings surprise was +14.14%, with the company having surpassed consensus EPS estimates in all four of the last quarters [2] - Revenue for the quarter was $189.9 million, slightly missing the Zacks Consensus Estimate by 1.33%, but up from $163.69 million year-over-year [3] Earnings Performance - The company has consistently outperformed consensus EPS estimates, achieving this in four consecutive quarters [2] - The revenue performance has also been strong, with three out of the last four quarters exceeding consensus revenue estimates [3] Stock Performance and Outlook - SPS Commerce shares have declined approximately 42.8% year-to-date, contrasting with a 17.2% gain in the S&P 500 [4] - The current Zacks Rank for SPS Commerce is 4 (Sell), indicating expectations of underperformance in the near future [7] Future Earnings Expectations - The consensus EPS estimate for the upcoming quarter is $1.04, with projected revenues of $199.85 million, and for the current fiscal year, the EPS estimate is $4.04 on revenues of $761.27 million [8] Industry Context - The Business - Services industry, to which SPS Commerce belongs, is currently ranked in the bottom 25% of over 250 Zacks industries, which may negatively impact stock performance [9]

Core Insights - Conestoga Capital Advisors reported strong equity market performance in Q3 2025, with the Conestoga Micro-Cap Composite returning 11.7% net-of-fees, while the Russell Microcap Growth Index returned 19.9% [1] Company Overview: Bowman Consulting Group Ltd. (NASDAQ:BWMN) - Bowman Consulting Group Ltd. provides professional services in civil engineering, planning, and surveying for public infrastructure, transportation, utilities, and private real estate markets [3] - The company experienced a one-month return of -1.89%, but its shares increased by 101.69% over the last 52 weeks, closing at $41.73 per share on October 17, 2025, with a market capitalization of $719.873 million [2] Growth Drivers - Infrastructure spending tailwinds have fueled growth in engineering and consulting projects for Bowman Consulting Group Ltd., leading to strong backlog growth [3] - Strategic acquisitions have expanded the company's geographic reach and diversified its service offerings, contributing to margin expansion and improved profitability through scale efficiencies and disciplined cost management [3] - Steady cash generation has alleviated balance sheet concerns, while improved investor sentiment is linked to visibility into long-term infrastructure demand [3] Hedge Fund Interest - Bowman Consulting Group Ltd. was held by 8 hedge fund portfolios at the end of Q2 2025, an increase from 6 in the previous quarter, indicating growing interest among institutional investors [4] - Despite this interest, the company is not listed among the 30 most popular stocks among hedge funds, and there are suggestions that certain AI stocks may offer greater upside potential with less downside risk [4]

Core Insights - Cintas Corporation (CTAS) is experiencing strong momentum across its segments, particularly in Uniform Rental and Facility Services, driven by new customer growth and increased product penetration [1] - The First Aid and Safety Services segment is benefiting from rising demand for AED Rentals, eyewash stations, and WaterBreak products, alongside strong customer retention and an improved sales mix [1] Segment Performance - The Uniform Rental and Facility Services segment is seeing growth from both new and existing customers, contributing to overall performance [8] - The First Aid segment's performance is bolstered by increasing demand for specific safety products [1][8] Acquisitions and Market Expansion - Cintas has enhanced its product portfolio through strategic acquisitions, including Paris Uniform Services and SITEX, totaling $232.9 million in fiscal 2025 [2][8] - These acquisitions have strengthened Cintas' market presence in key regions such as Pennsylvania, New York, Maryland, West Virginia, and the central Midwest [2] Shareholder Returns - In fiscal 2025, Cintas paid dividends of $611.6 million, reflecting a 15.2% year-over-year increase, and spent $934.8 million on share buybacks, up from $700 million the previous year [3][8] - The quarterly dividend was increased by 15.4% to $1.80 per share, marking 41 consecutive years of dividend increases [3] Financial Performance - Cintas' stock performance has shown a 1.6% gain over the past year, contrasting with a 1.4% decline in the industry [4] - However, the company faces challenges from rising costs, with a 6.9% year-over-year increase in the cost of sales to $1.34 billion and a 9.1% rise in selling and administrative expenses to $728.5 million in the fourth quarter of fiscal 2025 [6] International Exposure - Cintas has significant international operations, which expose it to political and economic disruptions that could impact profitability [7]

Core Insights - UL Solutions Inc. reported quarterly earnings of $0.52 per share, exceeding the Zacks Consensus Estimate of $0.47 per share, and showing an increase from $0.44 per share a year ago, resulting in an earnings surprise of +10.64% [1][2] - The company achieved revenues of $776 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 0.91% and up from $730 million year-over-year [2] - UL Solutions Inc. shares have increased approximately 46.4% since the beginning of the year, significantly outperforming the S&P 500's gain of 7.6% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.48 on revenues of $769.25 million, while for the current fiscal year, the estimate is $1.77 on revenues of $3.02 billion [7] - The estimate revisions trend for UL Solutions Inc. was mixed prior to the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Business - Services industry, to which UL Solutions Inc. belongs, is currently ranked in the top 39% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]

Core Viewpoint - PayPal Holdings reported strong first-quarter 2025 results with non-GAAP earnings exceeding estimates, although net revenues slightly lagged consensus expectations Financial Performance - Non-GAAP earnings were $1.33 per share, surpassing the Zacks Consensus Estimate by 15.65% and increasing 23.1% year over year [1] - Net revenues reached $7.79 billion, a 1.2% year-over-year increase on a reported basis and 2% on a forex-neutral basis, but fell short of the consensus mark by 0.43% [1] - Total payment volume was $417.2 billion, up 3% year over year on a reported basis and 4% on a forex-neutral basis [2] - Transaction revenues were $7 billion, accounting for 90.1% of net revenues, down 0.3% year over year, while Value Added Services revenues were $775 million, up 16.5% year over year [3] Operational Metrics - Total active accounts grew by 2% year over year to 436 million, while total payment transactions decreased by 7% to 6.045 billion [4] - Operating expenses were $6.26 billion, down 4.1% year over year, and represented 80.4% of net revenues, a decrease of 450 basis points [5] - Transaction margin improved to 47.7%, an increase of 270 basis points [5] Balance Sheet and Cash Flow - As of March 31, 2025, cash, cash equivalents, and investments totaled $15.8 billion, with long-term debt at $12.6 billion [6] - The company generated $1.2 billion in cash from operations and reported adjusted free cash flow of $1.4 billion [6] - PayPal returned $1.5 billion to shareholders through share repurchases [6] Guidance - For 2025, PayPal anticipates non-GAAP earnings between $4.95 and $5.10 per share, with transaction margin expected to grow in the 4-5% range [7] - Free cash flow is projected to be between $6 billion and $7 billion, with share repurchase plans of approximately $6 billion [8] - For Q2 2025, non-GAAP earnings are expected to be between $1.29 and $1.31 per share, with transaction margin anticipated between $3.75 billion and $3.80 billion [8]