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Wesco International (WCC) Lags Q1 Earnings Estimates
ZACKS· 2025-05-01 12:10
Group 1: Earnings Performance - Wesco International reported quarterly earnings of $2.21 per share, missing the Zacks Consensus Estimate of $2.23 per share, and down from $2.30 per share a year ago [1] - The earnings surprise for this quarter was -0.90%, and the company had a previous quarter surprise of -1.86% with actual earnings of $3.16 per share against an expectation of $3.22 [2] - Over the last four quarters, Wesco has surpassed consensus EPS estimates only once [2] Group 2: Revenue Performance - The company posted revenues of $5.34 billion for the quarter, exceeding the Zacks Consensus Estimate by 2.10%, but slightly down from $5.35 billion year-over-year [3] - Wesco has topped consensus revenue estimates three times over the last four quarters [3] Group 3: Stock Performance and Outlook - Wesco International shares have declined approximately 10% since the beginning of the year, compared to a -5.3% decline in the S&P 500 [4] - The company's earnings outlook is mixed, with a current Zacks Rank of 3 (Hold), indicating expected performance in line with the market [7] - The current consensus EPS estimate for the upcoming quarter is $3.40 on revenues of $5.62 billion, and for the current fiscal year, it is $13.25 on revenues of $22.27 billion [8] Group 4: Industry Context - The Electronics - Parts Distribution industry, to which Wesco belongs, is currently in the top 38% of over 250 Zacks industries, suggesting a favorable industry outlook [9]
Methanex (MEOH) Surpasses Q1 Earnings Estimates
ZACKS· 2025-04-30 23:50
Company Performance - Methanex reported quarterly earnings of $1.30 per share, exceeding the Zacks Consensus Estimate of $1.25 per share, and significantly up from $0.65 per share a year ago, representing an earnings surprise of 4% [1] - The company posted revenues of $896 million for the quarter ended March 2025, which was 13.80% below the Zacks Consensus Estimate and down from $916 million year-over-year [2] - Over the last four quarters, Methanex has surpassed consensus EPS estimates four times but has only topped revenue estimates once [2] Stock Performance - Methanex shares have declined approximately 36.4% since the beginning of the year, contrasting with the S&P 500's decline of 5.5% [3] - The current Zacks Rank for Methanex is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Future Outlook - The consensus EPS estimate for the upcoming quarter is $0.56 on revenues of $880.72 million, while for the current fiscal year, the estimate is $3.31 on revenues of $4.21 billion [7] - The outlook for the Chemical - Diversified industry, to which Methanex belongs, is currently in the bottom 14% of over 250 Zacks industries, which may impact the stock's performance [8]
Midland States Bancorp (MSBI) Surpasses Q1 Earnings and Revenue Estimates
ZACKS· 2025-04-30 23:50
Core Viewpoint - Midland States Bancorp (MSBI) reported quarterly earnings of $0.57 per share, exceeding the Zacks Consensus Estimate of $0.52 per share, and showing an increase from $0.53 per share a year ago, representing an earnings surprise of 9.62% [1][2] Financial Performance - The company posted revenues of $75.95 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 4.40%, although this is a decrease from $77.11 million in the same quarter last year [2] - Over the last four quarters, Midland States Bancorp has exceeded consensus EPS estimates two times and topped consensus revenue estimates three times [2] Stock Performance - Midland States Bancorp shares have declined approximately 32.5% since the beginning of the year, compared to a decline of 5.5% for the S&P 500 [3] - The current Zacks Rank for the stock is 5 (Strong Sell), indicating expectations of underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.64 on revenues of $73.95 million, and for the current fiscal year, it is $2.52 on revenues of $296.8 million [7] - The trend of estimate revisions for Midland States Bancorp has been unfavorable ahead of the earnings release [6] Industry Context - The Zacks Industry Rank for Banks - Northeast, to which Midland States Bancorp belongs, is currently in the top 25% of over 250 Zacks industries, suggesting a favorable industry outlook [8]
Matthews International (MATW) Lags Q2 Earnings and Revenue Estimates
ZACKS· 2025-04-30 23:30
Core Viewpoint - Matthews International reported quarterly earnings of $0.34 per share, missing the Zacks Consensus Estimate of $0.36 per share, and down from $0.69 per share a year ago [1][2] Financial Performance - The company experienced an earnings surprise of -5.56% for the quarter, and previously, it had a significant earnings surprise of -46.15% when it reported $0.14 per share against an expectation of $0.26 per share [2] - Revenues for the quarter were $427.63 million, missing the Zacks Consensus Estimate by 1.79%, and down from $471.22 million year-over-year [3] - Over the last four quarters, Matthews International has surpassed consensus EPS estimates only once and has topped consensus revenue estimates just once [2][3] Stock Performance - Matthews International shares have declined approximately 22.4% since the beginning of the year, compared to a decline of -5.5% for the S&P 500 [4] - The current Zacks Rank for the stock is 3 (Hold), indicating expected performance in line with the market in the near future [7] Future Outlook - The consensus EPS estimate for the upcoming quarter is $0.41 on revenues of $427 million, and for the current fiscal year, it is $1.73 on revenues of $1.74 billion [8] - The outlook for the Funeral Services industry, where Matthews International operates, is currently in the top 36% of over 250 Zacks industries, suggesting a favorable environment for performance [9]
Unifi (UFI) Reports Q3 Loss, Tops Revenue Estimates
ZACKS· 2025-04-30 23:30
Core Viewpoint - Unifi (UFI) reported a quarterly loss of $0.76 per share, which was better than the Zacks Consensus Estimate of a loss of $0.83, but worse than the loss of $0.57 per share from the previous year, indicating a mixed performance in earnings [1] Financial Performance - The company posted revenues of $146.56 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 1%, but down from $149 million in the same quarter last year [2] - Over the last four quarters, Unifi has surpassed consensus EPS estimates two times and topped consensus revenue estimates three times [2] Stock Performance - Unifi shares have declined approximately 17.1% since the beginning of the year, while the S&P 500 has decreased by 5.5% [3] - The current Zacks Rank for Unifi is 4 (Sell), indicating expectations of underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.56 on revenues of $149.56 million, and for the current fiscal year, it is -$2.67 on revenues of $580.92 million [7] - The trend for estimate revisions ahead of the earnings release has been unfavorable, which may impact future stock performance [6] Industry Context - The Textile - Products industry, to which Unifi belongs, is currently ranked in the bottom 5% of over 250 Zacks industries, suggesting a challenging environment for the company [8]
Wex (WEX) Q1 Earnings and Revenues Beat Estimates
ZACKS· 2025-04-30 23:20
Core Viewpoint - Wex reported quarterly earnings of $3.51 per share, exceeding the Zacks Consensus Estimate of $3.40 per share, and showing a slight increase from $3.46 per share a year ago, indicating a positive earnings surprise of 3.24% [1] Financial Performance - Wex's revenues for the quarter ended March 2025 were $636.6 million, surpassing the Zacks Consensus Estimate by 0.98%, although this represents a decline from $652.7 million in the same quarter last year [2] - Over the last four quarters, Wex has exceeded consensus EPS estimates three times and topped consensus revenue estimates two times [2] Stock Performance - Wex shares have declined approximately 24.9% since the beginning of the year, contrasting with the S&P 500's decline of 5.5% [3] - The company's future stock performance will largely depend on management's commentary during the earnings call and the sustainability of the recent earnings numbers [3][4] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $3.58, with expected revenues of $653.3 million, and for the current fiscal year, the estimate is $15.22 on $2.61 billion in revenues [7] - The estimate revisions trend for Wex is currently favorable, leading to a Zacks Rank 2 (Buy), suggesting that the shares are expected to outperform the market in the near future [6] Industry Context - The Financial Transaction Services industry, to which Wex belongs, is currently ranked in the top 29% of over 250 Zacks industries, indicating a favorable outlook for stocks within this sector [8]
Clearwater Analytics (CWAN) Q1 Earnings and Revenues Surpass Estimates
ZACKS· 2025-04-30 23:01
Group 1: Earnings Performance - Clearwater Analytics reported quarterly earnings of $0.13 per share, exceeding the Zacks Consensus Estimate of $0.12 per share, and up from $0.10 per share a year ago [1] - The earnings surprise for the quarter was 8.33%, and the company had a previous surprise of 18.18% when it reported $0.13 per share against an expectation of $0.11 [2] - Over the last four quarters, Clearwater Analytics has surpassed consensus EPS estimates three times [2] Group 2: Revenue Performance - The company posted revenues of $126.86 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 1.32%, compared to $102.72 million in the same quarter last year [3] - Clearwater Analytics has topped consensus revenue estimates four times over the last four quarters [3] Group 3: Stock Performance and Outlook - Clearwater Analytics shares have declined approximately 17.4% since the beginning of the year, while the S&P 500 has decreased by 5.5% [4] - The current consensus EPS estimate for the upcoming quarter is $0.13 on revenues of $129.45 million, and for the current fiscal year, it is $0.53 on revenues of $540.13 million [8] - The Zacks Industry Rank for Internet - Software is currently in the bottom 44% of over 250 Zacks industries, indicating potential challenges for stock performance [9]
GFL Environmental Inc. (GFL) Reports Q1 Loss, Tops Revenue Estimates
ZACKS· 2025-04-30 22:41
Company Performance - GFL Environmental Inc. reported a quarterly loss of $0.06 per share, missing the Zacks Consensus Estimate of $0.04, compared to break-even earnings per share a year ago, representing an earnings surprise of -250% [1] - The company posted revenues of $1.09 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 1.42%, but down from $1.34 billion in the same quarter last year [2] - Over the last four quarters, GFL has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] Stock Performance - GFL Environmental shares have increased by approximately 12.1% since the beginning of the year, contrasting with a -5.5% decline in the S&P 500 [3] - The current consensus EPS estimate for the upcoming quarter is $0.23 on revenues of $1.18 billion, and for the current fiscal year, it is $0.76 on revenues of $4.58 billion [7] Industry Outlook - The Waste Removal Services industry, to which GFL belongs, is currently ranked in the bottom 20% of over 250 Zacks industries, indicating potential challenges ahead [8] - The performance of GFL's stock may be influenced by the overall outlook for the industry, as research shows that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [8] Future Expectations - The estimate revisions trend for GFL Environmental is mixed, leading to a Zacks Rank 3 (Hold) for the stock, suggesting it is expected to perform in line with the market in the near future [6] - Investors are encouraged to monitor how estimates for the coming quarters and the current fiscal year may change following the recent earnings report [4][6]
Align Technology (ALGN) Q1 Earnings and Revenues Top Estimates
ZACKS· 2025-04-30 22:30
Company Performance - Align Technology reported quarterly earnings of $2.13 per share, exceeding the Zacks Consensus Estimate of $1.98 per share, but slightly down from $2.14 per share a year ago [1] - The earnings surprise for this quarter was 7.58%, following a previous quarter where the company also surpassed expectations with earnings of $2.44 per share against an estimate of $2.43 [2] - The company posted revenues of $979.26 million for the quarter, surpassing the Zacks Consensus Estimate by 0.67%, but down from $997.43 million in the same quarter last year [3] Stock Performance - Align Technology shares have declined approximately 14.8% since the beginning of the year, compared to a 5.5% decline in the S&P 500 [4] - The current Zacks Rank for Align Technology is 3 (Hold), indicating that the stock is expected to perform in line with the market in the near future [7] Future Outlook - The consensus EPS estimate for the upcoming quarter is $2.56 on revenues of $1.05 billion, and for the current fiscal year, it is $9.87 on revenues of $4.09 billion [8] - The outlook for the Medical - Dental Supplies industry, to which Align Technology belongs, is currently in the bottom 36% of over 250 Zacks industries, which may impact stock performance [9]
Sleep Number (SNBR) Reports Q1 Loss, Tops Revenue Estimates
ZACKS· 2025-04-30 22:30
Company Performance - Sleep Number (SNBR) reported a quarterly loss of $0.38 per share, significantly worse than the Zacks Consensus Estimate of a loss of $0.11, marking an earnings surprise of -245.45% [1] - The company posted revenues of $393.26 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 0.43%, but down from $470.45 million in the same quarter last year [2] - Over the last four quarters, Sleep Number has surpassed consensus EPS estimates three times, but has topped consensus revenue estimates only once [2] Stock Performance - Sleep Number shares have declined approximately 50.2% since the beginning of the year, in contrast to the S&P 500's decline of -5.5% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.09 on revenues of $381.67 million, and for the current fiscal year, it is -$0.47 on revenues of $1.58 billion [7] Industry Outlook - The Furniture industry, to which Sleep Number belongs, is currently ranked in the bottom 7% of over 250 Zacks industries, indicating a challenging environment [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Sleep Number's stock performance [5][6]