Core Insights - The second-quarter earnings season is underway, and focusing on companies expected to outperform may yield better investment opportunities than those that have already reported strong earnings [1] - The resilience of REITs in both physical and digital economic activities is highlighted, suggesting potential for stable returns and long-term growth despite market uncertainties [3] Industry Fundamentals - The U.S. industrial real estate sector showed resilience with net absorption of 29.6 million square feet in Q2 2025, consistent with the previous quarter but below historical averages [4] - Vacancy rates increased by 20 basis points to 7.1%, marking the first rise above 7% since Q2 2014, yet still only slightly above the 15-year pre-pandemic average [5] - Industrial asking rent growth slowed to 2.6%, the weakest since early 2020, due to softening demand and rising vacancies, although leasing activity remained strong at nearly 309 million square feet in H1 2025 [5] - Retail real estate faced challenges with the overall retail availability rate rising to 4.9% due to bankruptcies and downsizing, while net absorption was negative for the second consecutive quarter, totaling 5 million square feet [6] - Construction completions fell to 4.1 million square feet in Q2, below the 10-year quarterly average of 11.9 million square feet, as developers became more cautious [7] - The average asking rent for retail properties rose slightly to $24.79 per square foot, reflecting landlords' adjustments to subdued demand [8] Company-Specific Insights - Realty Income Corporation (O) has a Zacks Rank of 3 and an Earnings ESP of +0.30%, with expectations of steady results supported by a 98.5% occupancy rate and a focus on non-discretionary tenants [11][12] - The Zacks Consensus Estimate for Realty Income's Q2 revenues is $1.40 billion, indicating a 4.21% increase year-over-year, while the AFFO per share estimate remains unchanged at $1.06 [13] - Americold Realty Trust (COLD) holds a Zacks Rank of 3 and an Earnings ESP of +0.74%, expected to benefit from rising demand for temperature-controlled warehouses amid e-commerce growth [14][15] - The Zacks Consensus Estimate for Americold's Q2 revenues is $647.54 million, with an FFO per share estimate of 34 cents [16] - Plymouth Industrial REIT (PLYM) has a Zacks Rank of 2 and an Earnings ESP of +2.33%, with expectations of strong leasing activity and effective capital redeployment strategies [17][18] - The Zacks Consensus Estimate for Plymouth's Q2 total revenues is $46.71 million, with an FFO per share estimate of 43 cents [19]

Core Viewpoint - Aris Mining Corporation (ARMN) is expected to report its second-quarter 2025 results on August 7, following a trend of missing earnings estimates in the previous four quarters, with an average negative surprise of 30.7% [1][10]. Group 1: Earnings Performance - ARMN has missed the Zacks Consensus Estimate for earnings in each of the last four quarters, with a negative earnings surprise of 11.1% in the most recent quarter [1][10]. - The consensus estimate for ARMN's second-quarter earnings is currently pegged at 32 cents, with an Earnings ESP of 0.00% [11]. Group 2: Production and Sales - The company is anticipated to benefit from increased gold production in the second quarter, primarily driven by the Segovia Operations in Colombia [4][7]. - Consolidated gold production for the second quarter rose by 7% year over year to 58,652 ounces, while total gold sales increased by 12% compared to the prior-year quarter [5]. - For the first half of 2025, consolidated production climbed 13% year over year, reaching 113,415 ounces, with Segovia Operations seeing a production increase of 12% to 99,076 ounces [5][8]. Group 3: Gold Prices Impact - Higher gold prices, which closed the second quarter above $3,300 per ounce, are expected to have positively influenced ARMN's performance [7][9]. - Gold prices reached a record high of $3,500 per ounce on April 22, driven by safe-haven demand amid global trade tensions and geopolitical issues [9].

Core Viewpoint - American International Group, Inc. (AIG) is expected to report second-quarter 2025 results on August 6, with earnings estimated at $1.58 per share, reflecting a 36.2% increase from the same quarter last year [1][7]. Earnings Estimates - The earnings estimate for the second quarter has seen five downward revisions in the past 30 days, with no upward revisions [2]. - The Zacks Consensus Estimate for revenues is projected at $6.8 billion, indicating a 2.7% growth compared to the previous year [2]. Earnings Surprise History - AIG has surpassed earnings estimates in three of the last four quarters, with an average surprise of 1.73% [3]. Earnings Prediction Model - AIG is predicted to beat earnings expectations due to a positive Earnings ESP of +1.40%, with the most accurate estimate at $1.61 per share [4][5]. Revenue and Income Projections - General Insurance revenues are anticipated to rise by 4% to $6 billion, driven by strong performance in commercial and personal lines [7]. - Net investment income is expected to decline by 4.4% to $946 million due to weaker returns from alternative assets [7][11]. General Insurance Performance - The General Insurance segment is projected to benefit from strong performances in North America Commercial, International Commercial, and Global Personal segments [9]. - The consensus for General Insurance's adjusted pretax income stands at $1.3 billion, reflecting a 13.9% year-over-year growth [11]. Cost and Margin Considerations - Despite cost-cutting measures, AIG's margins are likely to be impacted by a high expense base due to increased losses and loss adjustment expenses [12].

Core Insights - GigaCloud Technology Inc. (GCT) is expected to report a year-over-year decline in total revenues for Q2 2025, with estimates at $290.2 million, reflecting a 6.7% decrease [1][10] - Product revenues are projected to decline significantly by 20.4% to $179 million, attributed to normalization in order volumes and potential macroeconomic softness in cross-border e-commerce [1][2][10] - Service revenues are anticipated to grow by 30.6% to $111 million, which may partially offset the decline in product revenues [2][10] - Earnings per share are expected to decrease by 29.2% to 46 cents, linked to rising operational costs and lower revenue leverage [3] Revenue Breakdown - Total revenues for Q2 2025 are estimated at $290.2 million, down 6.7% year-over-year [1][10] - Product revenues are expected to be $179 million, indicating a 20.4% decline [1][10] - Service revenues are projected to reach $111 million, reflecting a growth of 30.6% [2][10] Earnings Outlook - The Zacks Consensus Estimate for earnings is set at 46 cents per share, a decrease of 29.2% from the previous year [3] - GCT currently has an Earnings ESP of 0.00% and a Zacks Rank of 4 (Sell), indicating a low probability of an earnings beat [4][5]

Core Insights - Wheaton Precious Metals (WPM) is set to report its second-quarter 2025 results on August 7, with sales estimated at $467.7 million, reflecting a 56.4% year-over-year growth [1][5] - The consensus estimate for WPM's earnings is 58 cents per share, indicating a 75.8% increase compared to the previous year [1][5] - Earnings estimates have risen by 16% over the past 60 days [1] Financial Performance - WPM's earnings have exceeded consensus estimates in two of the last four quarters, with an average surprise of 5.9% [3] - The projected total attributable production for WPM in Q2 2025 is 148,461 gold equivalent ounces (GEOs), marking a 2.6% year-over-year increase [8] - Gold production is expected to be 86,697 ounces, a 3.8% increase year-over-year, with gold sales projected at $281 million, indicating a 54% year-over-year rise [10][11] Production Insights - The company anticipates an attributable production of 600,000-670,000 GEOs for 2025, representing a 10% year-over-year increase [7] - Silver production is projected at 5.11 million ounces, a 1.3% increase year-over-year, with silver sales expected to reach $151 million, a 35.8% year-over-year rise [12][13] - Attributable production of palladium is expected to decline by 45.4% year-over-year, while cobalt production is projected to increase by 43.8% [14] Market Performance - WPM's stock has increased by 75.9% over the past year, significantly outperforming the industry average growth of 10.4% [16]

Core Insights - Becton Dickinson and Company (BDX) is set to report its third-quarter fiscal 2025 results on August 7, with expectations of revenue growth despite a slight decline in earnings per share (EPS) [2][11][14]. BD Medical - The BD Medical segment is anticipated to see a revenue increase of 17.7% year over year, driven by the launch of the HemoSphere Alta Advanced Monitoring Platform and the BD neXus infusion pump [4][6][11]. - Management has confirmed progress in the Connected Care strategy, including 510(k) clearance for BD Alaris enhancements [5]. BD Life Sciences - The BD Life Sciences segment is projected to experience a revenue decline of 4.2% year over year, attributed to unfavorable market dynamics and slower recovery in blood culture testing [8][9]. - The global launch of the BD FACSDiscover A8 Cell Analyzer is expected to enhance product adoption and drive revenues [7]. BD Interventional - The BD Interventional segment's revenues are expected to rise by 2.9% year over year, supported by sustained demand and the launch of the Phasix ST hernia patch [11][13]. - The Phasix ST Umbilical Hernia Patch is noted as the first fully absorbable hernia patch specifically for umbilical hernias [12]. Financial Estimates - The overall revenue estimate for Q3 fiscal 2025 is $5.48 billion, reflecting a 9.9% increase from the previous year, while EPS is expected to decrease by 2.3% to $3.42 [11][14]. - The company has a forward 12-month price-to-earnings (P/E) ratio of 12.3X, which is lower than the industry average of 16.2X, indicating potential for growth [20][21]. Strategic Developments - BD plans to invest over $35 million to expand prefilled flush syringe manufacturing, which is expected to enhance production capacity [22][25]. - The company has submitted an application for a new at-home HPV test and received FDA clearance for the BD Veritor System for COVID-19, indicating ongoing innovation [26]. - A definitive agreement with Waters Corporation aims to combine their Biosciences & Diagnostic Solutions business, enhancing BD's strategic focus [27]. Market Performance - BD's shares have increased by 8.3% over the past three months, outperforming its peers in the Medical - Dental Supplies sector [17][19]. - The company is trading at a discount compared to its peers, suggesting potential for future growth if it aligns more closely with market performance [21][31].

Core Insights - Medtronic is positioned to continue its earnings-beat streak, having a history of surpassing earnings estimates, particularly in the last two quarters with an average surprise of 2.37% [1][5] Earnings Performance - In the most recent quarter, Medtronic reported earnings of $1.58 per share against an expectation of $1.62, resulting in a surprise of 2.53% [2] - For the previous quarter, the company reported $1.39 per share, exceeding the consensus estimate of $1.36, which led to a surprise of 2.21% [2] Earnings Estimates and Predictions - Estimates for Medtronic have been trending higher, supported by its history of earnings surprises [5] - The company currently has an Earnings ESP of +0.20%, indicating a bullish outlook from analysts regarding its earnings prospects [8] - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a strong possibility of another earnings beat [8] Statistical Insights - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [6] - The Earnings ESP metric compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [7] Future Expectations - Medtronic's next earnings report is anticipated to be released on August 19, 2025 [8]

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Have you been searching for a stock that might be well-positione ...

Core Insights - Burlington Stores (BURL) has a strong history of beating earnings estimates and is well-positioned for continued success in upcoming quarterly reports [1][5] - The average surprise for Burlington Stores over the last two quarters was 10.46%, indicating consistent performance above expectations [1][2] Earnings Performance - For the most recent quarter, Burlington Stores reported earnings of $1.42 per share, falling short of the expected $1.6 per share, resulting in a surprise of -12.68% [2] - In the previous quarter, the company exceeded expectations by reporting $4.07 per share against a consensus estimate of $3.76 per share, achieving a surprise of 8.24% [2] Earnings Estimates and Predictions - There has been a favorable change in earnings estimates for Burlington Stores, with a positive Zacks Earnings ESP of +8.55%, suggesting analysts are optimistic about the company's earnings prospects [5][8] - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) indicates a high likelihood of another earnings beat, with historical data showing that this combination results in a positive surprise nearly 70% of the time [6][8] Importance of Earnings ESP - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [7] - A positive Earnings ESP enhances predictive power for earnings surprises, while a negative value does not necessarily indicate an earnings miss [8][10]

Core Insights - American Public Education (APEI) is set to announce its second-quarter 2025 results on August 6, after market close, with previous quarter earnings and revenues exceeding Zacks Consensus Estimates by 173.3% and 1.6% respectively [1] Financial Performance - APEI's earnings have surpassed consensus estimates in three of the last four quarters, with an average surprise of 122.5% [2] - For the upcoming quarter, the Zacks Consensus Estimate for loss per share has widened to seven cents from six cents, indicating an 800% decline from the previous year's earnings of one cent per share [3] - Revenue expectations for the second quarter are pegged at $161 million, reflecting a year-over-year growth of 5.3% [3] Revenue Drivers - The anticipated revenue growth is attributed to strong market trends in nursing and healthcare education programs, alongside increased demand for healthcare professionals [4] - APEI expects net course registrations for the American Public University System (APUS) to rise by 4% to 7%, totaling between 93,500 and 96,100 [5] - Enrollment in the Hondros College of Nursing (HCN) is projected to grow by 14% to 3,700, while Rasmussen University (RU) is expected to see an 8% increase to 14,600 [5] Revenue Projections - Total revenues for the quarter are expected to increase by 4% to 5%, reaching between $160 million and $162 million [6] - Revenue from the APUS segment is anticipated to rise by 2.8% year-over-year to $79.2 million, while RU and HCN segments are expected to grow by 7.2% to $56.9 million and 10.9% to $18.2 million respectively [6] Margin Expectations - Despite revenue growth, margins may be compressed due to higher employee compensation and marketing costs [9] - Adjusted EBITDA is projected to grow between 6% and 28%, reaching $11.5 million to $14 million [11] - Total costs and expenses are expected to rise by 3.9% year-over-year to $156.5 million, with gross margin anticipated to decline by 30 basis points to 49.9% [11] Challenges - Challenges in graduate school performance due to shifting federal priorities and policies may impact quarterly results, although market tailwinds and internal capabilities are expected to mitigate these effects [7]