Core Insights - Harley reported a per-share loss of $2.44, which was significantly worse than Wall Street's expectation of a $1.07 loss [1] - The company's sales amounted to $496 million, exceeding Wall Street's forecast of $485 million [1] Financial Performance - The reported loss per share of $2.44 indicates a larger financial setback than anticipated by analysts [1] - Sales figures of $496 million reflect a positive deviation from the expected sales of $485 million, suggesting stronger revenue generation despite the loss [1]

Core Insights - Corebridge Financial (CRBG) reported $6.34 billion in revenue for Q4 2025, a year-over-year increase of 26.4% [1] - The EPS for the same period was $1.22, slightly down from $1.23 a year ago [1] - The reported revenue exceeded the Zacks Consensus Estimate of $5.06 billion by 25.3%, and the EPS also surpassed the consensus estimate of $1.11 by 9.83% [1] Revenue Breakdown - Premiums reached $2.6 billion, significantly higher than the estimated $1.3 billion, marking a 128.3% increase year-over-year [4] - Total advisory fees and other income were reported at $99 million, below the average estimate of $107.71 million, reflecting a 52.9% decrease year-over-year [4] - Policy fees totaled $610 million, slightly below the average estimate of $620.41 million, representing a 17.3% decline year-over-year [4] - Net investment income was $3.03 billion, close to the estimated $3.06 billion, with a year-over-year increase of 5.1% [4] Segment Performance - Life Insurance revenue was $1.07 billion, slightly below the estimate of $1.08 billion, showing a minor decline of 0.6% year-over-year [4] - Individual Retirement revenue was $1.67 billion, also below the estimate of $1.68 billion, reflecting an 8.2% decrease year-over-year [4] - Corporate & Other revenue was reported at $16 million, significantly lower than the estimated $38.67 million, indicating an 84.8% decline year-over-year [4] - Individual Retirement premiums were $29 million, exceeding the estimate of $26.79 million, with a year-over-year change of -3.3% [4] - Individual Retirement policy fees were $87 million, slightly above the estimate of $84.25 million, showing a 56.7% decrease year-over-year [4] - Individual Retirement net investment income was $1.55 billion, close to the estimate of $1.57 billion, with a year-over-year increase of 5.4% [4] - Group Retirement premiums were $3 million, below the estimate of $5.48 million, reflecting a 50% increase year-over-year [4] - Group Retirement policy fees were $114 million, slightly below the estimate of $117.95 million, with no change year-over-year [4] Stock Performance - Corebridge shares returned +0.3% over the past month, while the Zacks S&P 500 composite decreased by -0.2% [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance compared to the broader market in the near term [3]

Core Insights - Goodyear Tire reported quarterly earnings of 39 cents per share, missing the consensus estimate of 47 cents by 17.89% [2] - Quarterly revenue was $4.92 billion, exceeding the analyst consensus estimate of $4.84 billion, but down from $4.95 billion in the same period last year [2] - Tire unit volumes totaled 42.3 million for the quarter [2] Company Performance - The CEO highlighted that the company delivered a strong quarter driven by the execution of the Goodyear Forward plan [3] - The fourth quarter results marked the highest segment operating income and margin achieved in over seven years [3] - The company is focusing on elements within its control to navigate challenging industry conditions [3] Stock Movement - Goodyear Tire stock dropped 6.37% to $9.85 in extended trading [4]

Core Insights - AutoNation, Inc. reported fourth-quarter 2025 adjusted earnings of $5.08 per share, a 2% increase year over year, surpassing the Zacks Consensus Estimate of $4.91. However, revenues of $6.93 billion fell short of the Zacks Consensus Estimate of $7.14 billion and declined from $7.21 billion in the fourth quarter of 2024 [2][11]. Revenue Breakdown - New vehicle revenues decreased by 8.8% year over year to $3.44 billion, missing the estimate of $3.64 billion due to lower sales volume. Retail units sold were 64,841, down 9.2% year over year, and also below the projection of 73,642 units [3][11]. - The average selling price (ASP) per new vehicle unit was $53,073, a 0.4% increase year over year, exceeding the estimate of $49,384. However, gross profit from this segment fell by 26.7% year over year to $155.5 million, missing the estimate of $171.1 million [4][11]. - Retail used-vehicle revenues reached $1.76 billion, surpassing the projection of $1.71 billion, despite a 2.9% year-over-year decline in used vehicle retail units sold to 62,926, which missed the estimate of 66,669 units. The ASP per used vehicle was $27,933, up 3% year over year, exceeding the estimate of $25,669. Gross profit from this segment fell by 9.2% year over year to $90.5 million, missing the estimate of $97.5 million [5][11]. - Wholesale used vehicle revenues dropped by 13.1% to $133.2 million, missing the estimate of $150.5 million. Gross profit increased to $7.3 million from $4.7 million, matching the estimate [6]. - Finance and insurance business revenues were $369.4 million, a 0.9% increase year over year, but below the projection of $370.4 million. Gross profit was also $369.4 million, matching the year-over-year increase but missing the estimate [6]. - Parts and service revenues rose by 6.1% to $1.22 billion, although it missed the estimate of $1.23 billion. Gross profit from this segment increased by 6% year over year to $591.8 million, beating the estimate of $577.2 million [7]. Segment Performance - Domestic segment revenues increased by 1.2% year over year to $1.89 billion, missing the projection of $1.91 billion. The segment's income rose by 19.3% to $79.9 million but fell short of the estimate of $85.2 million [8]. - Import segment revenues decreased by 2.7% year over year to $2.05 billion, missing the forecast of $2.19 billion. The segment's income declined by 11.4% to $106.8 million, lagging behind the estimate of $136.7 million [8]. - Premium Luxury segment sales fell by 8.9% to $2.64 billion, matching the projection. The segmental income declined by 20.3% year over year to $165.4 million, missing the estimate of $196.1 million [9]. Financial Position - As of December 31, 2025, AutoNation's liquidity was $1.8 billion, including $59 million in cash and nearly $1.7 billion available under its revolving credit facility. The company's inventory was valued at $3.4 billion, and non-vehicle debt stood at $3.98 billion. Capital expenditure for the quarter was $86.3 million [12]. - During the quarter, AutoNation repurchased 1.7 million shares for $350 million, with $968 million remaining under its share repurchase program [12].

Core Insights - Encompass Health Corporation (EHC) reported fourth-quarter 2025 adjusted earnings per share (EPS) of $1.46, exceeding the Zacks Consensus Estimate by 13.2% and reflecting a year-over-year increase of 24.8% [1][9] - The company's net operating revenues reached $1.5 billion, marking a 9.9% year-over-year improvement and slightly surpassing the consensus estimate by 0.2% [1][9] Financial Performance - The growth in revenue was driven by higher net revenue per discharge, which rose 4.1% year over year, and an increase in total discharges, which grew 5.3% year over year to 67,238, although this figure marginally missed the consensus estimate by 0.3% [2][5] - Total operating expenses increased by 7.5% year over year to $1.26 billion, primarily due to rising salaries and benefits, but this was slightly below the estimated $1.28 billion [6][9] - Net income for the quarter climbed 23.7% year over year to $203.1 million, while adjusted EBITDA grew 15.9% year over year to $335.6 million, surpassing the estimate of $304 million [6][9] Operational Developments - In the fourth quarter, Encompass Health added 37 beds to its existing hospitals and opened three de novo hospitals [7][9] - For the full year 2025, the company reported operating revenues of $5.94 billion, up from $5.37 billion in 2024, with adjusted net income per share increasing to $5.45 from $4.43 [13] Future Outlook - For 2026, net operating revenues are projected to be between $6.365 billion and $6.465 billion, indicating growth from the 2025 figure [14] - Adjusted EBITDA is expected to range from $1.34 billion to $1.38 billion, reflecting an increase from the 2025 figure [14] - The company anticipates adjusted EPS from continuing operations to be between $5.81 and $6.10, up from $5.45 in 2025 [15] - Encompass Health plans to open eight de novo hospitals and add approximately 175 beds to existing facilities in 2026 [16] Growth Strategy - Management aims to inaugurate six to ten de novo hospitals each year from 2023 to 2027, with a target of adding 80-120 beds annually and achieving a compound annual growth rate (CAGR) of 6-8% in discharges during the same period [17]

Apollo Global Management Inc. (APO) reported $1.24 billion in revenue for the quarter ended December 2025, representing a year-over-year increase of 30.3%. EPS of $2.47 for the same period compares to $2.22 a year ago.The reported revenue represents a surprise of +4.35% over the Zacks Consensus Estimate of $1.19 billion. With the consensus EPS estimate being $2.03, the EPS surprise was +21.74%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they co ...

Earnings Reports - A significant week for earnings with major companies such as Robinhood Markets, Coinbase, Cisco Systems, Applovin, Shopify, Arista Networks, Cloudflare, Spotify, Airbnb, and McDonald's scheduled to report [1] Implied Volatility - Implied volatility tends to be high before earnings reports due to market uncertainty, leading to increased demand for options [2] - After earnings announcements, implied volatility typically decreases to normal levels [3] Expected Price Movements - The expected price range for stocks can be estimated by adding the prices of at-the-money put and call options from the option chain [3] Daily Earnings Expectations - Tuesday: HOOD (11.7%), F (6.5%), KO (2.9%), NET (13.4%), SPOT (10.4%), GILD (5.5%) [4] - Wednesday: CSCO (5.5%), VRT (10.5%), APP (15.5%), SHOP (12.8%), MCD (3.3%) [5] - Thursday: COIN (11.1%), ANET (10.7%), ABNB (8.6%), AEM (6.9%) [5] Trading Strategies - Traders can utilize expected moves to structure trades, with bearish traders selling bear call spreads and bullish traders selling bull put spreads or looking at naked puts [6] - Neutral traders may consider iron condors, ideally keeping short strikes outside the expected range [6] Risk Management - It is advisable to use risk-defined strategies and maintain small position sizes when trading options over earnings [7] - A full loss from a trade should ideally not impact the portfolio by more than 1-3% [7] High Implied Volatility Stocks - Barchart's Stock Screener can identify stocks with high implied volatility, using filters such as total call volume greater than 5,000, market cap greater than 40 billion, and IV Rank greater than 50% [8]

Cleveland-Cliffs Inc. (NYSE:CLF) will release earnings for its fourth quarter before the opening bell on Monday, Feb. 9.Analysts expect the Cleveland, Ohio-based company to report quarterly loss of 62 cents per share, versus a year-ago loss of 68 cents per share. The consensus estimate for Cleveland-Cliffs' quarterly revenue is $4.59 billion (it reported $4.33 billion last year), according to Benzinga Pro.On Nov. 18, SunCoke Energy and Cleveland-Cliffs agreed to a 3-year extension of their Cokemaking agreem ...

Core Insights - Affirm Holdings, Inc. (AFRM) reported second-quarter fiscal 2026 earnings of 37 cents per share, exceeding the Zacks Consensus Estimate by 32.1% and reflecting a year-over-year increase of 60.9% [1] - Net revenues reached $1.1 billion, surpassing management's expectations of $1.03-$1.06 billion, marking a 30% year-over-year growth and exceeding the consensus estimate by 6.3% [1] Financial Performance - The strong quarterly results were driven by increased network revenues and servicing income, along with higher transaction volumes and repeat customer engagement [2] - Total transactions rose 44% year over year to 54.9 million, exceeding the consensus mark of 44.8 million [6] - Gross Merchandise Value (GMV) was $13.8 billion, a 36% increase year over year, surpassing management's guidance and the Zacks Consensus Estimate [5][8] - Servicing income increased by 48.8% year over year to $42.7 million, beating the consensus estimate of $41.6 million [6] - Interest income rose 20.6% year over year to $493.6 million, outpacing the Zacks Consensus Estimate of $484.6 million [6] - Merchant network revenues improved 34.1% year over year to $328.4 million, exceeding the consensus mark of $313.8 million [7] Operating Metrics - Adjusted operating income totaled $337 million, up 41.7% year over year, with an adjusted operating margin expanding by 300 basis points to 30% [10] - Total operating expenses increased 15.5% year over year to $1 billion, driven by higher costs related to loan commitments, funding, processing, and technology [9] Financial Position - As of Dec. 31, 2025, Affirm had cash and cash equivalents of $1.5 billion, a 12.8% increase from the end of fiscal 2025 [11] - Total assets rose 16.2% to $13 billion, while funding debt increased to $3 billion from $1.6 billion at the end of fiscal 2025 [11] Future Guidance - For Q3 fiscal 2026, Affirm forecasts GMV between $11-$11.25 billion and revenues in the range of $0.97-$1 billion [13] - For Q4 fiscal 2026, GMV is expected to be between $12.75-$13.05 billion, with revenues anticipated in the range of $1.06-$1.09 billion [14] - For the full fiscal 2026, management anticipates GMV between $48.3-$48.85 billion and revenues in the range of $4.086-$4.146 billion [15]

Core Insights - Boyd Gaming Corporation (BYD) reported strong fourth-quarter 2025 results, with earnings and revenues exceeding the Zacks Consensus Estimate, showing year-over-year growth [1][4] Financial Performance - Adjusted earnings per share (EPS) for Q4 were $2.21, surpassing the consensus estimate of $1.88 by 17.6%, and up from $1.96 in the same quarter last year [4] - Total revenues reached $1.06 billion, beating the consensus mark of $1 billion by 5.7%, and increased by 2% year-over-year [4] - Total adjusted EBITDAR for the quarter was $336.6 million, down from $379.3 million in the prior-year quarter [4] Segment Performance - **Las Vegas Locals**: Revenues were $227.2 million, down from $232 million year-over-year; adjusted EBITDAR was $109.1 million compared to $112.3 million [5] - **Downtown Las Vegas**: Revenues decreased to $62.9 million from $65.6 million; adjusted EBITDAR fell to $24 million from $27 million [6] - **Midwest and South Segment**: Revenues increased to $533.1 million from $518.5 million; adjusted EBITDAR slightly decreased to $191.4 million from $192.4 million [7] - **Online Segment**: Revenues grew to $200.1 million from $188.8 million; adjusted EBITDAR significantly dropped to $8.2 million from $44.1 million [8] Operational Highlights - Total operating costs and expenses for Q4 were $895.7 million, up from $779.6 million in the prior-year quarter; selling, general and administrative expenses were relatively stable at $111.2 million compared to $111.5 million [10] Annual Performance - For the full year 2025, total revenues were $4.1 billion, an increase from $3.93 billion in 2024; net income rose to $1.84 billion from $578 million in 2024; adjusted diluted EPS was $7.40, up from $6.55 [11] Balance Sheet Strength - As of December 31, 2025, cash on hand was $353.4 million, up from $316.7 million a year earlier; total debt decreased to $2.1 billion from $3.2 billion [12] - The company repurchased $185 million worth of common stock in Q4, with approximately $362 million available under its repurchase program [12] Future Outlook - Management anticipates continued momentum into 2026, supported by strong core customer engagement and returns from capital investments [3]