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Pinnacle West Q2 Earnings In Line With Estimates, Revenues Rise Y/Y
ZACKSยท 2025-08-06 15:31
Core Insights - Pinnacle West Capital Corporation (PNW) reported second-quarter 2025 earnings of $1.58 per share, matching the Zacks Consensus Estimate but down from $1.76 per share in the same quarter last year [1][8] Total Revenues of PNW - Total sales for the quarter reached $1.36 billion, exceeding the Zacks Consensus Estimate of $1.26 billion by 7.5% and representing a 3.8% increase from $1.31 billion in the year-ago quarter [2][8] PNW's Operational Highlights - Total operating expenses amounted to $1.05 billion, reflecting a 6.1% year-over-year increase due to higher fuel and purchased power costs, increased operations and maintenance expenses, and higher depreciation and amortization [3] - Operating income was $307.6 million, down 1.9% from $313.7 million in the prior-year quarter [3] - Total interest expenses were $113.5 million, up 4.2% from $108.9 million in the previous year [3] PNW's Financial Highlights - As of June 30, 2025, cash and cash equivalents totaled $18.8 million, a significant increase from $3.84 million as of December 31, 2024 [4] - Long-term debt, less current maturities, stood at $8.51 billion compared to $8.06 billion as of December 31, 2024 [4] - Net cash flow from operating activities for the first half of 2025 was $663.3 million, up from $537.1 million in the same period last year [4] PNW's Guidance - The company expects consolidated earnings for 2025 to be in the range of $4.40-$4.60 per share, with the Zacks Consensus Estimate at $4.53, which is higher than the midpoint of the company's guidance [5] - Pinnacle West plans to invest $7.6 billion from 2025 to 2027 to enhance its operations [5] - Management anticipates a 1.5-2.5% increase in retail customers for 2025 [5] PNW's Zacks Rank - Pinnacle West currently holds a Zacks Rank 3 (Hold) [6]
SMCI Tanking 17% Is Our Buy Signal
Seeking Alphaยท 2025-08-06 15:01
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or ...
Bentley Systems (BSY) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKSยท 2025-08-06 14:36
Core Insights - Bentley Systems, Incorporated (BSY) reported a revenue of $364.11 million for the quarter ended June 2025, reflecting a year-over-year growth of 10.2% and surpassing the Zacks Consensus Estimate of $363.09 million by 0.28% [1] - The company's earnings per share (EPS) was $0.32, an increase from $0.31 in the same quarter last year, and exceeded the consensus EPS estimate of $0.29 by 10.34% [1] Revenue Performance - Total revenue growth year-over-year was 10.2%, outperforming the five-analyst average estimate of 9.9% [4] - Annualized Recurring Revenues (ARR) reached $1.38 billion, slightly above the estimated $1.35 billion by three analysts [4] - Subscription revenue grew by 12.1% year-over-year, compared to the average estimate of 12.3% by three analysts [4] - Total revenues from subscriptions and licenses amounted to $343.65 million, which is an 11.5% increase from the previous year, but fell short of the average estimate of $344.96 million by four analysts [4] - Service revenues were reported at $20.46 million, exceeding the four-analyst average estimate of $19.3 million, but showed a year-over-year decline of 7.1% [4] - Subscription revenues specifically were $333.45 million, slightly below the three-analyst average estimate of $334.07 million, with a year-over-year growth of 12.1% [4] - Revenues from perpetual licenses were $10.19 million, which was below the average estimate of $11.64 million based on three analysts, representing a year-over-year decline of 6.2% [4] Stock Performance - Shares of Bentley Systems have returned +2.1% over the past month, outperforming the Zacks S&P 500 composite's +0.5% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]
Compared to Estimates, Wix.com (WIX) Q2 Earnings: A Look at Key Metrics
ZACKSยท 2025-08-06 14:36
Core Insights - Wix.com reported revenue of $489.93 million for the quarter ended June 2025, marking a year-over-year increase of 12.4% and exceeding the Zacks Consensus Estimate by 0.51% [1] - The company's EPS for the same period was $2.28, a significant increase from $1.67 a year ago, resulting in an EPS surprise of 30.29% compared to the consensus estimate of $1.75 [1] Financial Performance Metrics - Total Bookings reached $509.92 million, slightly above the average estimate of $506.41 million from seven analysts [4] - Creative Subscriptions ARR was reported at $1.41 billion, matching the six-analyst average estimate [4] - Total Bookings for Business Solutions were $145.05 million, below the four-analyst average estimate of $147.18 million [4] - The number of registered users at the end of the period was 293 million, slightly below the four-analyst average estimate of 293.4 million [4] - Total Bookings for Creative Subscriptions were $364.87 million, exceeding the four-analyst average estimate of $360.4 million [4] - Revenues from Business Solutions were $144.47 million, surpassing the average estimate of $141.98 million and reflecting a year-over-year increase of 16.9% [4] - Revenues from Creative Subscriptions were $345.46 million, slightly above the average estimate of $345.42 million, with a year-over-year increase of 10.7% [4] - Non-GAAP Gross Profit for Business Solutions was $46.96 million, exceeding the average estimate of $44.88 million [4] - Non-GAAP Gross Profit for Creative Subscriptions was $293.93 million, also above the average estimate of $292.55 million [4] Stock Performance - Wix.com shares have returned -20.8% over the past month, contrasting with the Zacks S&P 500 composite's +0.5% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]
Global Payments (GPN) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKSยท 2025-08-06 14:31
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Global Payments performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: View all Key Company Metrics for Global Payments here>>> Global Payments (GPN) reported $2.36 billion in revenue for the quarter ended June 2025, representing a ye ...
Scotts Miracle-Gro's Q3 Earnings Top, Revenues Lag Estimates
ZACKSยท 2025-08-06 13:55
Core Insights - Scotts Miracle-Gro Company (SMG) reported a third-quarter fiscal 2025 profit of $149.1 million or $2.54 per share, an increase from $132.1 million or $2.28 per share in the same quarter last year [1] - Adjusted earnings were $2.59 per share, up from $2.31 a year ago, surpassing the Zacks Consensus Estimate of $2.19 [1] - Net sales decreased by approximately 1.2% year over year to $1,188 million, missing the consensus mark of $1,230.9 million [1] Segment Performance - In the U.S. Consumer division, net sales increased by 1% year over year to $1,030.2 million, although it fell short of the estimate of $1,071.4 million; the segment's profit rose by 12% to $235.5 million [2] - The Hawthorne segment experienced a significant decline, with net sales plummeting 54% year over year to $31.2 million, missing the estimate of $56.5 million [2] - The other segment saw an 8% increase in net sales year over year to $126.6 million, exceeding the estimate of $100.2 million, and reported a profit of $16.8 million, up 44% year over year [3] Financial Position - At the end of the quarter, the company had cash and cash equivalents of $51.1 million, down from $279.9 million a year ago; long-term debt was $2,136.2 million, a decrease of approximately 12.3% year over year [4] Future Outlook - The company reaffirmed its full-year adjusted fiscal 2025 outlook, projecting low single-digit growth in U.S. Consumer net sales, excluding non-recurring sales from AeroGarden and bulk raw materials; adjusted gross margin is expected to be around 30% [5] - Adjusted EBITDA is anticipated to be between $570 million and $590 million, with adjusted earnings per share projected to be at least $3.50 and free cash flow estimated at approximately $250 million [5] Stock Performance - Shares of Scotts Miracle-Gro have declined by 10.5% over the past year, contrasting with a 10.2% rise in the industry [6]
Clearway Energy Q2 Earnings Miss Estimates, Revenues Rise Y/Y
ZACKSยท 2025-08-06 12:46
Core Insights - Clearway Energy Inc. (CWEN) reported second-quarter 2025 earnings of 28 cents per share, missing the Zacks Consensus Estimate of 67 cents by 58.2% and declining from 43 cents per share in the same quarter last year [1][8] - Total revenues reached $392 million, falling short of the Zacks Consensus Estimate of $427 million by 8.2%, but representing a 7.1% increase from $366 million in the prior year [2][8] Financial Performance - Adjusted EBITDA for the quarter was $343 million, down from $353 million in the year-ago period [3] - Total operating costs and expenses increased to $307 million, an 8.9% rise from $282 million a year earlier, driven by higher operational costs and depreciation [3] - Interest expenses decreased to $83 million from $88 million in the previous year [3] Strategic Developments - On July 18, 2025, Clearway Group proposed partnership opportunities for cash equity interests in a portfolio of 291 megawatt (MW) storage projects in California and Colorado, expected to commence operations in 2026 [4] - The company acquired Catalina Solar Lessee Holdco LLC for approximately $127 million, which operates a 109 MW solar facility in Kern County, CA [4] Financial Position - As of June 30, 2025, cash and cash equivalents were $260 million, down from $332 million as of December 31, 2024 [5] - Total liquidity decreased to $1.298 billion from $1.330 billion at the end of 2024 [5] - Long-term debt rose to $8.25 billion from $6.75 billion as of December 31, 2024 [5] Cash Flow and Guidance - Net cash provided by operating activities in the first half of 2025 was $286 million, compared to $277 million in the same period last year [6] - The company updated its 2025 adjusted EBITDA guidance to a range of $1.2-$1.235 billion, up from the previous range of $1.195-$1.235 billion [7] - Cash from operating activities guidance was raised to $860-$900 million from $844-$884 million [7] - The new guidance for cash available for distribution (CAFD) is between $405 million and $440 million, slightly up from the previous range of $400-$440 million [9]
Shopify Gears Up For Q2 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Benzingaยท 2025-08-06 07:23
Analysts expect the Ottawa, Canada-based company to report quarterly earnings at 29 cents per share, up from 26 cents per share in the year-ago period. Shopify is projected to report quarterly revenue of $2.55 billion, compared to $2.04 billion a year earlier, according to data from Benzinga Pro. On May 8, Shopify reported fiscal first-quarter results. The company's quarterly revenue growth of 26.8% year over year to $2.36 billion beat the analyst consensus estimate of $2.33 billion. Shopify Inc. SHOP will ...
Jackson Financial (JXN) Reports Q2 Earnings: What Key Metrics Have to Say
ZACKSยท 2025-08-06 01:31
Core Insights - Jackson Financial (JXN) reported a revenue of $1.75 billion for the quarter ended June 2025, reflecting a 37.5% decrease year-over-year and a slight miss of 0.4% against the Zacks Consensus Estimate of $1.76 billion [1] - The earnings per share (EPS) for the quarter was $4.87, down from $5.32 in the same quarter last year, but exceeded the consensus EPS estimate of $4.61 by 5.64% [1] Revenue Breakdown - Net investment income was reported at $718 million, surpassing the average estimate of $510.28 million by two analysts, but showing a 4% decline year-over-year [4] - Other income reached $16 million, exceeding the average estimate of $12.5 million and representing a significant year-over-year increase of 60% [4] - Premium revenue was $40 million, slightly above the average estimate of $39.85 million, marking an 8.1% increase compared to the previous year [4] - Fee income totaled $1.94 billion, significantly higher than the average estimate of $1.2 billion, but down 3.3% from the year-ago quarter [4] Adjusted Earnings Before Tax - Adjusted earnings before tax for Retail Annuities were $417 million, slightly above the average estimate of $410.27 million [4] - Corporate and Other reported an adjusted earnings before tax of -$52 million, which was worse than the average estimate of -$50.75 million [4] - Closed Life and Annuity Blocks had adjusted earnings before tax of $22 million, below the average estimate of $24.68 million [4] - Institutional Products reported adjusted earnings before tax of $19 million, in line with the average estimate of $19.12 million [4] Stock Performance - Over the past month, shares of Jackson Financial have returned -3.8%, contrasting with a +1% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 1 (Strong Buy), suggesting potential for outperformance in the near term [3]
Hudson Pacific (HPP) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
ZACKSยท 2025-08-06 01:01
Core Insights - Hudson Pacific Properties (HPP) reported a revenue of $190 million for Q2 2025, reflecting a year-over-year decline of 12.8% and an EPS of $0.04, compared to -$0.33 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of $196.56 million by 3.33%, while the EPS exceeded the consensus estimate of $0.03 by 33.33% [1] Financial Performance Metrics - Office Rental revenues were $150.53 million, below the estimated $153.89 million, marking a 12.8% decline year-over-year [4] - Office Service and other revenues were reported at $5.3 million, slightly below the $5.41 million estimate, showing a significant year-over-year increase of 53.9% [4] - Total Studio revenues were $34.17 million, under the estimated $38.87 million, representing an 18.6% decline year-over-year [4] - Studio Service and other revenues were $20.28 million, compared to the $25.67 million estimate, indicating a year-over-year decrease of 26.3% [4] - Total Office revenues were $155.83 million, below the estimated $159.3 million, reflecting an 11.5% decline year-over-year [4] - Studio Rental revenues were $13.89 million, slightly above the estimated $13.2 million, showing a year-over-year decline of 3.8% [4] - The diluted net earnings per share were reported at -$0.41, compared to the average estimate of -$0.24 from three analysts [4] Stock Performance - Shares of Hudson Pacific have decreased by 10.7% over the past month, contrasting with a 1% increase in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the broader market in the near term [3]