Core Insights - Acuity Brands reported mixed Q4 fiscal 2025 results, with earnings exceeding estimates while revenues fell short, although both metrics improved year-over-year [2][4]. Financial Performance - Adjusted EPS was $5.20, surpassing the Zacks Consensus Estimate of $4.70 by 10.6%, and increased 21% from $4.30 in the prior year [4]. - Net sales reached $1.209 billion, missing the consensus mark of $1.212 billion by 0.3%, but showing a 17.1% increase from the previous year [4]. Segment Performance - The Acuity Brands Lighting segment saw a 0.8% increase in quarterly sales to $962.4 million, while the Independent Sales Network sales rose 3.7% to $702.4 million [5]. - Acuity Intelligent Spaces generated net sales of $255.2 million, a significant increase of 204.2% year-over-year, with adjusted operating profit rising 154% to $54.6 million [7]. Operating Highlights - Adjusted operating profit increased 26.2% year-over-year to $225.3 million, with an adjusted operating margin of 18.6%, up 130 basis points [8]. - Adjusted EBITDA rose 25.8% to $240.7 million, with an adjusted EBITDA margin expanding 140 basis points to 19.9% [8]. Financial Position - As of the end of Q4, cash and cash equivalents were $422.5 million, down from $845.8 million at the end of fiscal 2024, while long-term debt increased to $896.8 million from $496.2 million [10]. - For fiscal 2025, cash provided by operating activities totaled $601.4 million, down from $619.2 million in the prior year [10]. Shareholder Returns - The company repurchased nearly 0.44 million shares for $118.5 million and repaid $200 million of term-loan borrowings, while also increasing its quarterly dividend by 13% to 17 cents per share [11]. Future Guidance - For fiscal 2026, Acuity expects net sales between $4.7 billion and $4.9 billion, indicating growth from $3.84 billion in fiscal 2024, with adjusted EPS projected in the range of $19-$20.50 [12].

Core Insights - Conagra Brands has experienced a 9.2% decline in share price over the past month, underperforming the S&P 500 [1][2] Financial Performance - For Q1 fiscal 2026, Conagra reported adjusted earnings per share (EPS) of 39 cents, exceeding the Zacks Consensus Estimate of 33 cents, but reflecting a 26.4% year-over-year decline [3][4] - The company generated net sales of $2,632.6 million, a 5.8% decrease year-over-year, yet surpassing the Zacks Consensus Estimate of $2,609 million [5] - Organic net sales decreased by 0.6%, with a 0.6% positive impact from price/mix offset by a 1.2% decline in volume [6] Segment Performance - Grocery & Snacks segment net sales were $1,079.6 million, down 8.7% year-over-year, impacted by a 7.7% adverse effect from M&A [9] - Refrigerated & Frozen segment net sales decreased by 0.9% to $1,076.2 million, with a 1.1% headwind from M&A [10] - International segment net sales fell 18% to $212.3 million, driven by a 13.2% unfavorable impact from M&A [11] - Foodservice reported sales of $264.5 million, down 0.8% year-over-year, including a 1.0% headwind from M&A [12] Financial Health - Conagra ended the quarter with cash and cash equivalents of $698.1 million and long-term debt of $7,222.6 million [14] - The company generated $120.6 million in net cash flows from operating activities, with capital expenditures of $146.8 million, resulting in a free cash flow of negative $26.2 million [14] Future Outlook - For fiscal 2026, Conagra expects organic net sales growth to range from negative 1% to positive 1%, with adjusted earnings forecasted between $1.70 and $1.85 per share, down from $2.30 in fiscal 2025 [16] - Recent estimates for the company have been trending downward, indicating a potential in-line return in the coming months [19] Industry Context - Conagra Brands is part of the Zacks Food - Miscellaneous industry, where competitor Lamb Weston reported a slight revenue increase of 0.3% year-over-year [20]

Core Insights - Cboe Global Markets, Inc. (CBOE) reported third-quarter 2025 adjusted earnings of $2.67 per share, exceeding the Zacks Consensus Estimate by 5.5% and reflecting a 20% year-over-year increase [1][8] - The company achieved record total adjusted revenues of $605.5 million, a 14% year-over-year increase, driven by strong performance in derivatives markets, Data Vantage, and cash and spot markets [2][8] Operational Details - Options revenues increased by 19% year over year to $380.8 million, attributed to growth in market data, access and capacity fees, and higher net transaction and clearing fees due to increased average daily volume [2] - North American Equities revenues rose 6% year over year to $103.5 million, while Europe and Asia Pacific revenues surged 24% to $69.1 million [3] - Futures net revenues decreased by 22% year over year to $29.6 million, primarily due to lower net transaction and clearing fees [3] - Global FX net revenues increased by 13% year over year to $22.5 million, driven by higher net transaction and clearing fees [4] Financial Update - CBOE exited the third quarter with cash and cash equivalents of $1.5 billion, a 62.6% increase from the end of 2024 [6] - Total assets rose 16.4% year over year to $9.1 billion, while total shareholders' equity increased by 14.1% to $4.9 billion [6] Share Repurchase and Dividend Update - In Q3, CBOE paid out cash dividends totaling $75.7 million, or 72 cents per share, and had approximately $614.5 million remaining under its existing share repurchase authorizations [9] Guidance Update - CBOE expects organic total net revenue growth in the low double-digit to mid-teens range for 2025, an increase from previous guidance of high single-digit growth [10] - Adjusted operating expenses are anticipated to be between $827 million and $842 million for 2025, down from earlier guidance [11] - Capital expenditures are projected to be in the range of $73 million to $83 million for 2025, also a reduction from previous estimates [12]

Market Overview - U.S. markets opened with positive momentum, with the Nasdaq up by 1%, S&P 500 increasing by 0.60%, and Dow Jones rising by 0.15% [2] - The Russell 2000 index also showed slight gains of 0.05% [2] Premarket Movers - Brighthouse Financial saw a significant increase of 23.4% amid takeover discussions [3] - Other notable gainers included Amazon (+12%), Twilio (+10%), Western Digital (+9.7%), Cloudflare (+8.7%), and Rocket Companies (+7.8%) following their earnings reports [3] Earnings Reports - Strong earnings from Amazon (+12.5% in premarket) and Apple (+2.2%) contributed positively to market sentiment, offsetting weaker performances from Microsoft and Meta [6] - Exxon Mobil, Abbvie, and Chevron also released their earnings, contributing to the overall market activity [7] Market Sentiment - The market is reacting positively to a combination of strong earnings reports and optimistic commentary from the U.S. central bank, despite the ongoing government shutdown which has halted the release of economic data [5][8]

Core Insights - United Bancorporation of Alabama, Inc. reported a decline in net income for the nine months ended September 30, 2025, with net income at $13.5 million compared to $20.0 million for the same period last year, indicating a decrease of 32.5% [1] - Earnings per share also decreased from $5.63 in 2024 to $4.07 in 2025 for the nine-month period, reflecting a decline of approximately 27.7% [1] - For the third quarter of 2025, net income was $4.2 million, down from $5.1 million in the third quarter of 2024, a decrease of 17.6% [1] - Earnings per share for the third quarter were $1.29, compared to $1.45 in the same quarter of 2024, a decline of about 11% [1] Financial Overview - United Bancorporation of Alabama, Inc. is a financial holding company with total assets of $1.4 billion, primarily serving Southwest Alabama and Northwest Florida [2] - The company operates 23 locations across six counties and is designated as a Community Development Financial Institution (CDFI) [2] - The net interest margin for the company stands at 4.6% [5] - The company has repurchased 56,000 shares of its stock [5] - Nonperforming assets have decreased by 48% compared to the prior year, indicating improved asset quality [5] Dividend Announcement - United Bancorporation of Alabama, Inc. announced a semiannual dividend of $0.70 per share, which will be payable on a specified date [4]

Core Insights - TXNM Energy reported its Q3 2025 results, showing a slight decline in GAAP net earnings and diluted EPS compared to Q3 2024, with GAAP net earnings at $130.7 million and diluted EPS at $1.22 [1][8] - The company has not affirmed its previously issued earnings guidance for 2025 due to a pending transaction with Blackstone Infrastructure, which is expected to close in the second half of 2026 [1][4] Financial Performance - Q3 2025 GAAP net earnings attributable to TXNM Energy were $130.7 million, down from $131.2 million in Q3 2024 - Q3 2025 ongoing net earnings were $142.8 million, compared to $129.3 million in Q3 2024 - Year-to-date (YTD) 2025 GAAP net earnings were $161.2 million, down from $226.4 million in YTD 2024, while ongoing net earnings for YTD 2025 were $185.5 million, down from $220.6 million in YTD 2024 [1][8] Segment Reporting - PNM's Q3 2025 EPS was $0.95, down from $1.20 in Q3 2024 - TNMP's Q3 2025 EPS was $0.38, slightly down from $0.39 in Q3 2024 - Corporate and Other segment reported a loss of $0.11 in Q3 2025, unchanged from Q3 2024 [10][14] Regulatory and Transaction Updates - TXNM Energy is in the process of obtaining regulatory approvals for its acquisition by Blackstone Infrastructure, with applications filed with NMPRC, PUCT, and FERC [3][4] - The acquisition agreement was approved by shareholders on August 28, 2025, at a price of $61.25 per share [2][8] Cost Recovery and Investments - TNMP's second Transmission Cost of Service (TCOS) filing for 2025 was approved, allowing recovery for $87 million of rate base [5] - PNM filed an application for a Certificate of Convenience and Necessity (CCN) to construct 30 megawatts of energy storage at an estimated cost of $78 million [6]

Core Insights - Illumina reported $1.08 billion in revenue for Q3 2025, a year-over-year increase of 0.4%, with an EPS of $1.34 compared to $1.14 a year ago, exceeding both revenue and EPS estimates [1][2] Revenue Breakdown - Product revenue reached $927 million, surpassing the estimated $899.38 million, reflecting a year-over-year increase of 1.4% [4] - Service and other revenue was $157 million, below the average estimate of $165.17 million, indicating a year-over-year decline of 5.4% [4] - Consumable product revenue was $816 million, slightly above the estimated $803.8 million, marking a year-over-year increase of 1.1% [4] - Instrument product revenue was $111 million, exceeding the estimate of $105.1 million, with a year-over-year increase of 3.7% [4] - Sequencing consumables revenue was $747 million, above the estimate of $737.64 million, showing a year-over-year increase of 0.8% [4] - Sequencing instruments revenue was $107 million, slightly above the estimate of $106.24 million, with a year-over-year increase of 2.9% [4] - Microarrays consumables revenue was $69 million, close to the estimate of $69.75 million, reflecting a year-over-year increase of 4.6% [4] - Microarrays instruments revenue was $4 million, exceeding the estimate of $3.35 million, indicating a significant year-over-year increase of 33.3% [4] Stock Performance - Illumina's shares have returned -7.1% over the past month, contrasting with the Zacks S&P 500 composite's +3.6% change, and the stock currently holds a Zacks Rank 3 (Hold) [3]

For the quarter ended September 2025, Zillow Group (ZG) reported revenue of $676 million, up 16.4% over the same period last year. EPS came in at $0.44, compared to $0.35 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $668.99 million, representing a surprise of +1.05%. The company delivered an EPS surprise of -2.22%, with the consensus EPS estimate being $0.45.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how ...

Thursday, October 30, 2025Today was a mostly restful day on Wall Street, with major market indexes snoozing away a chance at new closing highs, which they had set in the early part of the week. We’re still up from early Monday, except for the small-cap Russell 2000, which has taken it on the chin over the past two sessions. The Dow came in -109 points lower at the bell, -0.23% (but was roughly +0.75% during intraday highs), while the S&P 500 and Nasdaq were down a more significant -0.99% and -1.57%, respect ...

Western Digital reported first-quarter fiscal 2026 results that topped expectations on both revenue and earnings. ...