Key Takeaways M&T Bank will announce third-quarter 2025 earnings on Oct. 16, before market open.Higher loan balances and stable deposit costs are likely to support modest NII growth.Expenses are expected to rise as MTB continues investing to strengthen its franchise.M&T Bank Corporation (MTB) is slated to report third-quarter 2025 results on Oct. 16, before the opening bell. The company is expected to have registered year-over-year increases in quarterly revenues and earnings.In the last reported quarter, M ...

Key Takeaways DAL's Q3 EPS of $1.71 beat estimates and rose 14% year over year on lower fuel costs. Revenues climbed 6.4% YoY to $16.67 B, with gains in premium, loyalty and cargo segments.DAL expects FY25 EPS of approximately $6 and Q4 earnings between $1.6 and $1.9.Delta Air Lines (DAL) reported third-quarter 2025 earnings (excluding 46 cents from non-recurring items) of $1.71 per share, which beat the Zacks Consensus Estimate of $1.52. Earnings increased 14% on a year-over-year basis due to low fuel cost ...

Constellation Brands Inc (NYSE:STZ) reported fiscal second-quarter earnings per share (EPS) of $3.63, beating Wall Street's expectations.The company saw a year-over-year decline in earnings and revenue but improved net income from the previous year's loss.Despite facing macroeconomic headwinds, Constellation Brands reiterated its lowered full-year guidance, with a focus on strategic plans for share and distribution gains.Constellation Brands Inc (NYSE:STZ), a leading name in the Beverages - Alcohol industry ...

Core Viewpoint - Bank of America Securities has initiated coverage on MicroPort Medical (00853) with a "Buy" rating and a target price of HKD 16.8, citing the elimination of recent liquidity pressures and a shift in investor focus back to fundamentals [1] Financial Performance - The company is expected to achieve profitability by the first half of 2026 through cost control and divestment of non-core assets [1] - Revenue projections for 2025, 2026, and 2027 are USD 1.109 billion, USD 1.241 billion, and USD 1.407 billion, representing year-on-year growth rates of 7.6%, 11.9%, and 13.3% respectively [1] Strategic Developments - The introduction of Shanghai Industrial, a state-owned enterprise, as a strategic shareholder is anticipated to support the company's financial and business development [1] - Rapid growth in overseas business is expected to mitigate domestic market risks and provide long-term growth visibility [1] Operational Efficiency - The company is projected to further reduce operating expense ratios and financing costs [1]

Key Takeaways Paychex to report 1Q26 results on Sept. 30, before market open.Revenues are expected at $1.5B, suggesting a 16.6% y/y rise on strong segment growth.Management Solutions revenues are projected at $1.1B, indicating a 20.2% y/y rally.Paychex, Inc. (PAYX) will release first-quarter fiscal 2026 results on Sept. 30, before market open.PAYX has delivered a decent earnings surprise in the trailing four quarters, with the metricoutpacing the Zacks Consensus Estimate in all quarters, delivering an earni ...

Company Overview - Xperi (XPER) shares increased by 6.6% to close at $6.51, supported by higher trading volume compared to normal sessions, contrasting with a 1.6% loss over the past four weeks [1] - The company is making progress on key growth initiatives, including enhanced engagement on its TV platform, expansion in connected vehicles, and continued adoption of IPTV [1] Earnings Expectations - Xperi is expected to report quarterly earnings of $0.25 per share, reflecting a year-over-year decline of 51%, with revenues projected at $110.5 million, down 16.9% from the same quarter last year [2] - The consensus EPS estimate for Xperi has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [3] Industry Context - Xperi holds a Zacks Rank of 1 (Strong Buy) within the Technology Services industry, indicating strong market sentiment [4] - Another company in the same industry, NextNav Inc. (NN), saw a 0.6% increase in its stock price, closing at $17.18, with a 9.9% return over the past month [4]

Core Insights - CarMax, Inc. (KMX) is set to release its second-quarter fiscal 2026 results on September 25, with consensus estimates for earnings per share (EPS) at $1.03 and revenues at $7.05 billion, indicating year-over-year growth [1][8] - The consensus estimate for KMX's quarterly revenues suggests a year-over-year growth of 0.6%, while earnings estimates imply a 21.2% increase from the previous year [1][2] Financial Performance - In the first quarter of fiscal 2026, CarMax reported an adjusted EPS of $1.38, surpassing the Zacks Consensus Estimate of $1.18, and net sales of $7.55 billion, exceeding the estimate of $7.52 billion, reflecting a 6% year-over-year increase [2] - The service gross margin improved by $30 million year-over-year in Q1, driven by new fees and efficiency initiatives, which are expected to continue positively impacting margins in Q2 [3] Market Conditions - The average age of light vehicles in the U.S. has increased to 12.8 years, which may reduce demand in the wholesale channel and soften prices; the average selling price of KMX's wholesale vehicles declined to $7,959 from $8,094 year-over-year [4] - The decline in wholesale vehicle gross profit per unit to $1,047 from $1,064 may pressure CarMax's margin performance in the upcoming quarter [4] Earnings Expectations - CarMax has an Earnings ESP of -6.67%, indicating a lower Most Accurate Estimate compared to the Zacks Consensus Estimate, which suggests a lower likelihood of an earnings beat for the upcoming quarter [5][6] - The current Zacks Rank for KMX is 3 (Hold), which does not favor a strong earnings performance [6]

Company Overview - Dave Inc. (DAVE) shares increased by 4.7% to close at $238.54, with notable trading volume exceeding typical levels [1] - The stock has gained 22.3% over the past four weeks, driven by a $125 million share repurchase program and an increase in 2025 revenue guidance to $505–$515 million [1] Earnings Expectations - The company is projected to report quarterly earnings of $2.09 per share, reflecting a year-over-year increase of 38.4% [2] - Expected revenues for the upcoming quarter are $131.17 million, which is a 41.8% increase compared to the same quarter last year [2] Stock Performance Insights - The consensus EPS estimate for DAVE has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without earnings estimate revisions [3] - The stock currently holds a Zacks Rank 2 (Buy), suggesting positive investor sentiment [4] Industry Comparison - DAVE is part of the Zacks Technology Services industry, where Kyndryl Holdings, Inc. (KD) has a Zacks Rank of 4 (Sell) and reported a 0.4% decrease in its last trading session [4][5] - Kyndryl's consensus EPS estimate has remained unchanged at $0.33, representing a significant year-over-year change of +3200% [5]

Group 1 - FedEx's Q1 performance for the new fiscal year showed a positive impression on Wall Street, with adjusted net income reaching $910 million (or $3.83 per share), surpassing last year's $890 million ($3.60 per share) and analyst expectations of $3.59 per share [1] - The quarterly revenue of $22.24 billion exceeded market expectations of $21.66 billion [1] - FedEx expects adjusted earnings per share for fiscal year 2026 to be between $17.20 and $19, slightly below the analyst average estimate of $18.25 [1] Group 2 - Analyst Stephanie Moore noted that despite ongoing industrial economic weakness impacting B2B volumes, FedEx is taking the right actions to fundamentally lower its cost structure and capital intensity, thereby improving profitability and free cash flow [1] - Key assumptions outlined by Moore include an operating profit margin below last year's 7.1%, low single-digit growth in freight revenue with a year-over-year decline in profit margins, and a $1 billion headwind from the global trade environment [2] - Evercore ISI analyst Jonathan Chappell indicated that due to ongoing tariff and tax policy headwinds, they have lowered their earnings per share forecast for fiscal year 2026, citing expected declines in profit margins for both FedEx and freight divisions [2] Group 3 - FedEx executives acknowledged challenges from global trade and industrial economic pressures, with CFO John Dietrich stating that the $1 billion headwind will be a significant challenge moving forward [2] - CEO Raj Subramaniam emphasized that the company's core business remains "very strong," and this trend is expected to continue into 2027 and beyond [2] - Morgan Stanley analyst Ravi Shankar raised concerns about the lack of significant upside potential reflected in the 2026 guidance, questioning how the company plans to achieve 5% revenue growth in the current environment [3]

Group 1 - The macro growth factor continues to rise, while inflation indicators show a weakening rebound, with domestic CPI turning negative at -0.4% and PPI's decline narrowing to -2.9%, indicating persistent internal demand issues [4] - The Federal Reserve's interest rate cut expectations are driving upward global liquidity expectations, benefiting Asian equity markets, with the Korean Composite Index rising by 5.94% and the Hang Seng Tech Index by 5.31% [4][9] - The A-share market shows a preference for growth styles, with the Sci-Tech 50 Index increasing by 5.48%, while small-cap indices outperform large-cap blue chips [4] Group 2 - Recommendations for asset allocation include favoring high-grade credit bonds in the bond market, adjusting duration flexibly, and focusing on bank and insurance sector movements [5] - In the overseas equity market, the report suggests monitoring interest rate-sensitive sectors due to limited short-term rebound potential for the dollar and significantly raised interest rate cut expectations [5] - For gold, it is recommended to increase allocations to gold and silver as they are core assets during the interest rate cut cycle, with expectations for Shanghai gold to break previous highs [5] Group 3 - The report indicates that the overall liquidity environment remains supportive for market valuation recovery and structural trends, with a significant decrease in average daily trading volume in the A-share market [56] - The A-share valuation levels have increased, with the price-to-earnings ratio rising to 50.38 times and the price-to-book ratio reaching 5.60 times, suggesting that market expectations for future corporate earnings may be overly optimistic [60] - The report highlights that the earnings expectations for A-shares are weaker than historical averages, with a projected rolling one-year earnings growth rate of 10.3% and revenue growth rate of 5.9% [61]