Ford Earnings Were Weaker Than Expected. The Stock Is Rising. - Barron'sSkip to Main ContentThis copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.# Ford's Earnings Were Weaker Than Expected. The Stock Is Rising.By [Al Root]ShareResize---ReprintsFord F-150 trucks are assembled a ...

Key Takeaways NMIH's Q4 EPS of $1.20 beat estimates and rose 12.1% Y/Y on higher premiums and investment income.NMIH revenues climbed 8.4% to $181M and insurance in force grew 5.1% to $221B.NMI Holdings' book value per share jumped 20.4% to $33.98, while ROE slipped to 14.7%.NMI Holdings Inc. (NMIH) reported fourth-quarter 2025 operating net income per share of $1.20, which beat the Zacks Consensus Estimate by 2.6%. The bottom line increased 12.1% year over year. The quarterly results reflected higher premi ...

Core Insights - Jumia Technologies AG reported an EPS of -$0.10, missing the estimated EPS of -$0.06, while exceeding revenue expectations with $61.4 million against an estimated $46.9 million [1][5]. Financial Performance - The company achieved a notable revenue growth of 34.4% year-over-year, reaching $61.4 million, and reported a 36% increase in gross merchandise value (GMV) to $279.5 million, indicating strong platform activity [3]. - Despite the revenue beat, Jumia's stock price fell by 15.8% in a single trading day, contrasting with smaller declines in broader market indices like the S&P 500 and Nasdaq Composite, which fell by 0.4% and 0.6%, respectively [2][5]. - Jumia's financial health is characterized by a low debt-to-equity ratio of 0.35, indicating conservative debt usage, but it faces challenges with a negative enterprise value to operating cash flow ratio of -7.75 [4]. Market Reaction - Following the earnings report, the significant stock price drop of 15.8% reflects investor concerns despite the positive revenue growth [2][5]. - The current ratio of 1.20 suggests that the company has a reasonable level of liquidity to cover short-term liabilities, but improvements in profit margins are necessary to sustain stock performance [4].

Core Insights - Werner Enterprises, Inc. reported disappointing fourth-quarter 2025 results, with both earnings and revenues missing estimates and declining year over year [1] Financial Performance - Quarterly earnings per share were 5 cents, missing the Zacks Consensus Estimate of 9 cents per share, and down from 8 cents per share in the year-ago quarter [2] - Total revenues were $737.6 million, missing the Zacks Consensus Estimate of $770 million and falling 2.3% year over year, attributed to a 3% decrease in Truckload Transportation Services (TTS) revenues and a 3% decline in Werner Logistics revenues [2][10] - Adjusted operating income was $11.3 million, down 8% year over year, with an adjusted operating margin of 1.5%, declining 10 basis points from the previous year [3] Segment Performance - TTS segment revenues fell 3% year over year to $512.64 million, with adjusted operating income down 13% to $12.7 million and an adjusted operating margin of 2.5%, declining 30 basis points [4] - Logistics revenues totaled $207.54 million, also down 3% year over year, with adjusted operating income falling 60% to $957 million and an adjusted operating margin decreasing 60 basis points to 0.5% [4] Liquidity and Capital Expenditure - As of December 31, 2025, cash and cash equivalents were $59.92 million, up from $50.98 million in the prior quarter, while long-term debt increased to $752 million from $725 million [5] - The company generated $62.3 million in cash from operations in the fourth quarter, with net capital expenditure amounting to $69.4 million [5] Share Repurchase and Future Outlook - No shares were repurchased in the fourth quarter of 2025, with 5.0 million shares remaining under the share repurchase authorization as of December 31, 2025 [6] - For 2026, Werner anticipates TTS truck growth in the range of 23-28% and net capital expenditure estimated between $185-$225 million [7][10] - The company projects dedicated revenues per truck per week to decline from 1% to grow by 2% in 2026, with a full-year tax rate anticipated to be between 25.5%-26.5% [7]

Core Insights - America Movil, S.A.B. de C.V. (AMX) reported a net income per ADR of 35 cents for Q4 2025, a significant increase from 7 cents in the same quarter last year, although it fell short of the Zacks Consensus Estimate of 43 cents [1][9] - The company's total quarterly revenues rose by 3.4% to Mex$244,897 million, driven by growth in both Service and Equipment segments [3][9] Financial Performance - Net income for the quarter was Mex$19,134 million, compared to Mex$4,074 million in the prior-year quarter [1] - Comprehensive financing costs decreased by 47.6% to Mex$15,643 million from Mex$29,850 million year-over-year [2] - Free cash flow increased by 39% year-over-year to Mex$81,884 million [12][9] - Total costs and expenses rose by 2.8% to Mex$149,969 million, while EBITDA increased by 4.2% to Mex$94,928 million, resulting in an EBITDA margin of 38.8% [11] Subscriber Growth - AMX gained 2.5 million wireless subscribers in Q4 2025, including a net increase of 2.8 million postpaid subscribers, while the prepaid segment saw a decline of 298,000 users [4] - The company had a total of 331 million wireless subscribers by the end of December 2025 [4] Regional Performance - Central America experienced a revenue growth of 10.4%, with wireless service revenue increasing by 12.7% year-over-year [6] - Argentina's revenues rose by 7.4% to ARS 770,695 million, driven by higher service revenues, although equipment revenues showed soft trends [7] - Brazil's revenues increased by 6.3% to BRL $13,381 million, supported by strong performance in Service and Equipment revenues [10]

Core Insights - Accenture plc is a global professional services company providing strategy, consulting, digital, technology, and operations services, operating in over 120 countries and competing with firms like IBM, Deloitte, and Capgemini [1] Stock Performance - Accenture's stock recently closed at $236.76, reflecting a 1.6% decline from the previous close, underperforming compared to the broader market where the S&P 500 rose by 0.47% [3] - The company's shares have decreased by 14.27% prior to the recent session, indicating underperformance against the Computer and Technology sector and the S&P 500 [3] Insider Transactions - Sweet Julie Spellman, Accenture's CEO, sold 217 shares of Class A ordinary shares at $236.11 each, leaving her with 21,095 shares [2][6] Upcoming Earnings Report - The upcoming earnings report is expected to show earnings per share (EPS) of $2.87, a 1.77% increase from the same quarter last year, with projected revenue of $17.74 billion, a 6.51% rise compared to the previous year [4] - For the full year, earnings are anticipated to be $13.87 per share with total revenue expected to reach $73 billion [4] Financial Metrics - Accenture has a price-to-earnings (P/E) ratio of approximately 19.60 and a price-to-sales ratio of about 2.11, indicating its valuation metrics [5] - The enterprise value to sales ratio is around 2.09, and the enterprise value to operating cash flow ratio is approximately 12.21, with an earnings yield of about 5.10% [5] - The debt-to-equity ratio is approximately 0.27, suggesting moderate debt levels, while the current ratio of about 1.41 indicates the company can cover its short-term liabilities with short-term assets [5]

Core Insights - BlackLine (BL) reported revenue of $183.18 million for the quarter ended December 2025, marking an 8.1% year-over-year increase and a slight surprise of +0.13% over the Zacks Consensus Estimate of $182.95 million [1] - The earnings per share (EPS) for the same period was $0.63, compared to $0.47 a year ago, resulting in an EPS surprise of +7.82% against the consensus estimate of $0.58 [1] Financial Performance Metrics - Total customers reached 4,394, slightly below the average estimate of 4,424 based on two analysts [4] - The retention rate was reported at 105%, exceeding the average estimate of 104% from two analysts [4] - Revenue from professional services was $9.95 million, surpassing the four-analyst average estimate of $8.92 million, reflecting a year-over-year increase of 17.5% [4] - Subscription and support revenues totaled $173.23 million, slightly below the average estimate of $174.1 million, with a year-over-year change of 7.6% [4] - Gross profit from professional services was $2.09 million, in line with the two-analyst average estimate of $2.1 million [4] - Gross profit from subscription and support was $135.64 million, compared to the average estimate of $137.45 million from two analysts [4] Stock Performance - Over the past month, BlackLine's shares have returned -25.2%, while the Zacks S&P 500 composite remained unchanged [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Core Insights - NMI Holdings (NMIH) reported a revenue of $180.74 million for Q4 2025, marking an 8.6% year-over-year increase and exceeding the Zacks Consensus Estimate of $178.97 million by 0.99% [1] - The company's EPS for the same quarter was $1.20, up from $1.07 a year ago, and also surpassed the consensus EPS estimate of $1.17 by 2.35% [1] Financial Performance Metrics - Insurance-in-force (IIF) reached $221.45 billion, exceeding the average estimate of $218.97 billion from three analysts [4] - Risk-in-force (RIF) was reported at $59.31 billion, above the estimated $57.84 billion [4] - The combined ratio stood at 34.3%, slightly better than the average estimate of 34.8% [4] - The loss ratio was 13.9%, compared to the average estimate of 13.7% [4] - The expense ratio was reported at 20.4%, lower than the average estimate of 21.1% [4] - Net investment income was $27.53 million, exceeding the average estimate of $25.22 million, reflecting a year-over-year increase of 21.2% [4] - Net premiums earned were $152.46 million, slightly below the estimated $153.38 million, but still showing a 6.2% increase compared to the previous year [4] - Other revenues were reported at $0.26 million, matching the average estimate and indicating a 12.9% year-over-year increase [4] Stock Performance - NMI Holdings' shares have returned +1.6% over the past month, while the Zacks S&P 500 composite remained unchanged [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Core Insights - Ford Motor Company reported a revenue of $42.5 billion for the quarter ended December 2025, reflecting a decrease of 5.4% year-over-year, while EPS was $0.13, down from $0.39 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $41.16 billion by 3.27%, but the EPS fell short of the consensus estimate of $0.17 by 22.2% [1] Financial Performance Metrics - Wholesale Units for Ford Blue were 712 thousand, surpassing the average estimate of 636.9 thousand; Ford Pro reported 334 thousand, slightly below the estimate of 345.33 thousand; and Ford Model e had 37 thousand, below the estimate of 40.16 thousand [4] - Revenues excluding Ford Credit were $42.45 billion, exceeding the four-analyst average estimate of $40.54 billion, but represented a year-over-year decline of 5.5% [4] - Ford Credit revenues were $3.4 billion, slightly below the average estimate of $3.44 billion, showing a year-over-year increase of 4.2% [4] - External revenues for Ford Blue were $26.2 billion, exceeding the two-analyst average estimate of $23.57 billion, but down 3.9% year-over-year; Ford Pro revenues were $14.9 billion, below the estimate of $15.04 billion, reflecting an 8.3% decline; and Ford Model e revenues were $1.3 billion, above the estimate of $1.22 billion, down 8.1% year-over-year [4] - Adjusted EBIT for Ford Credit was $701 million, exceeding the average estimate of $573.75 million; Ford Blue's adjusted EBIT was $727 million, below the estimate of $779.3 million; Ford Pro's adjusted EBIT was $1.23 billion, below the estimate of $1.43 billion; and Corporate Other reported an adjusted EBIT of -$406 million, better than the estimate of -$540.48 million [4] Stock Performance - Ford Motor's shares have returned -3.1% over the past month, while the Zacks S&P 500 composite remained unchanged; the stock currently holds a Zacks Rank 1 (Strong Buy), indicating potential outperformance in the near term [3]

Core Insights - James Hardie (JHX) reported a revenue of $1.24 billion for the quarter ended December 2025, marking a year-over-year increase of 30.1% and exceeding the Zacks Consensus Estimate by 2.7% [1] - The earnings per share (EPS) for the same period was $0.24, down from $0.36 a year ago, but it surpassed the consensus EPS estimate of $0.23 by 6.67% [1] Revenue Breakdown - Siding & Trim revenues reached $788.3 million, exceeding the average estimate of $772.8 million from four analysts [4] - Deck, Rail & Accessories generated $194.1 million, compared to the estimated $189.11 million from four analysts [4] - Australia & New Zealand revenues were $126.5 million, surpassing the average estimate of $124.27 million from three analysts [4] - Europe revenues totaled $130.9 million, exceeding the two-analyst average estimate of $120.96 million [4] EBITDA Performance - Adjusted EBITDA for Deck, Rail & Accessories was $48.7 million, compared to the average estimate of $47.84 million from four analysts [4] - Adjusted EBITDA for Siding & Trim reached $268.6 million, exceeding the average estimate of $253.85 million from four analysts [4] - EBITDA for Europe was reported at $16.6 million, surpassing the three-analyst average estimate of $14.01 million [4] - Adjusted EBITDA for Australia & New Zealand was $41.2 million, slightly below the three-analyst average estimate of $41.9 million [4] Stock Performance - Shares of James Hardie have returned +0.7% over the past month, while the Zacks S&P 500 composite remained unchanged [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential outperformance against the broader market in the near term [3]