Core Insights - The current earnings estimates for Q2 2025 for the S&P 500 index indicate a growth of +6.4% year-over-year, driven by a +3.9% increase in revenues [3][5] - The earnings season is more focused on assessing the impact of macroeconomic uncertainties rather than just the Q1 earnings results [5][20] - There has been a notable decline in earnings estimates across various sectors, particularly in Transportation, Autos, Energy, Construction, and Basic Materials [6] Earnings Performance - Total Q1 earnings for 419 S&P 500 members that have reported are up +12.2% from the same period last year, with 73.7% beating EPS estimates and 61.8% beating revenue estimates [5] - The Tech sector's earnings are expected to grow by +12.8% in Q2 with +9.9% higher revenues, although these expectations have decreased since early April [7][11] Sector-Specific Trends - The Tech sector has recently seen a reversal in earnings estimate trends, with notable improvements in estimates for major companies like Microsoft, Alphabet, and Meta [11][12] - Despite the overall downward trend in estimates, the recent adjustments in the Tech sector suggest a potential recovery in earnings expectations [11][12] Future Outlook - There is an expectation for further downward adjustments in earnings estimates as the impact of tariffs becomes more evident in economic data [20] - The modestly negative GDP read for Q1 reflects anticipatory effects of the trade regime, indicating that companies are preparing for the new levies [20]

Core Insights - Peloton (PTON) is expected to report a quarterly loss of $0.06 per share, marking an 86.7% increase in losses compared to the same period last year [1] - Revenue is forecasted at $619.71 million, reflecting a year-over-year decrease of 13.7% [1] - The consensus EPS estimate has remained unchanged over the last 30 days, indicating analysts' reassessment of initial estimates [1] Revenue Estimates - Analysts predict 'Revenues- Subscription' to reach $417.00 million, a decline of 4.8% from the prior-year quarter [4] - 'Revenues- Connected Fitness Products' are expected to be $203.93 million, representing a decrease of 27.1% from the year-ago quarter [4] Subscription Metrics - The estimate for 'Ending Connected Fitness Subscriptions' is projected at 2,862, down from 3,055 in the previous year [4] Profit Estimates - 'Gross profit- Subscription' is expected to be $283.97 million, compared to $298.10 million from the previous year [5] - 'Gross profit- Connected Fitness Products' is projected at $27.75 million, an increase from $11.60 million year-over-year [5] Stock Performance - Peloton shares have increased by 39.8% in the past month, outperforming the Zacks S&P 500 composite, which rose by 10.6% [5] - Peloton holds a Zacks Rank 3 (Hold), indicating it is expected to closely follow overall market performance in the near term [5]

Group 1 - Analysts project that Privia Health (PRVA) will announce quarterly earnings of $0.06 per share, representing a 200% increase year over year [1] - Revenues are projected to reach $455.65 million, increasing by 9.7% from the same quarter last year [1] - The consensus EPS estimate has undergone a downward revision of 4% in the past 30 days, indicating a reassessment by covering analysts [2] Group 2 - Analysts estimate that 'Practice Collections' will likely reach $780.88 million, compared to $707.70 million in the same quarter of the previous year [5] - The consensus for 'Care Margin' is projected to be $106.25 million, up from $94.90 million a year ago [5] - The estimated 'Platform Contribution' is $50.60 million, an increase from $44.70 million in the previous year [6] Group 3 - Shares of Privia Health have experienced a change of +4.5% in the past month, compared to a +10.6% move of the Zacks S&P 500 composite [6] - With a Zacks Rank 4 (Sell), PRVA is expected to underperform the overall market in the near future [6]

Wall Street analysts expect Fox (FOXA) to post quarterly earnings of $0.93 per share in its upcoming report, which indicates a year-over-year decline of 14.7%. Revenues are expected to be $4.14 billion, up 20.2% from the year-ago quarter. Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe. Before a company reveals its earnings, it is vita ...

Core Viewpoint - Lincoln National (LNC) is expected to report quarterly earnings of $1.54 per share, a 12.4% increase year-over-year, with revenues projected at $4.71 billion, reflecting a 2.7% increase from the previous year [1]. Earnings Estimates - The consensus EPS estimate has been revised downward by 3.7% over the past 30 days, indicating a collective reassessment by analysts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock performance [3]. Revenue Projections - Analysts forecast 'Revenues- Net investment income' to reach $1.39 billion, a 3.5% increase year-over-year [5]. - 'Revenues- Fee income' is expected to be $1.37 billion, indicating a 3.8% increase from the previous year [5]. - 'Revenues- Insurance premiums' are projected to be $1.65 billion, reflecting a 3.4% year-over-year change [5]. - 'Revenues- Life Insurance- Net investment income' is estimated at $577.29 million, showing a slight decline of 0.6% year-over-year [6]. - 'Revenues- Group Protection' is expected to reach $1.47 billion, a 3% increase from the previous year [6]. - 'Revenues- Life Insurance' is projected at $1.60 billion, indicating a 3.6% increase year-over-year [6]. - 'Revenues- Retirement Plan Services' is expected to be $334.72 million, a 4% increase from the previous year [7]. - 'Revenues- Annuities- Insurance premiums' are projected at $33.76 million, reflecting a significant increase of 29.9% year-over-year [7]. - 'Revenues- Annuities- Fee income' is expected to be $602.05 million, indicating a 3.8% increase from the previous year [7]. Key Metrics - The 'Loss Ratio - Group Protection' is projected to be 74.4%, down from 75% year-over-year [8]. - 'Net Flows - Life Insurance' is estimated at $643.81 million, compared to $741 million in the previous year [8]. - 'Net Flows - Retirement Plan Services' is expected to be -$493.84 million, a decline from $391 million year-over-year [8]. - Over the past month, shares of Lincoln National have returned +13.9%, outperforming the Zacks S&P 500 composite's +10.6% change [8].

Industry Overview - The restaurant industry is navigating a dynamic environment influenced by digital innovation, changing consumer expectations, and economic pressures [1] - Companies are facing tariff-related uncertainties but are likely benefiting from alternative raw material solutions and compelling product offerings [1] Earnings Expectations - Total earnings for the Zacks Retail-Wholesale sector are expected to rise by 1.6% year over year, with revenues projected to increase by 4% year over year [5] - Potbelly Corporation, Dine Brands Global, Inc., and Bloomin' Brands, Inc. are set to report their first-quarter earnings on May 7 [1][7] Company-Specific Insights Potbelly Corporation - Potbelly's first-quarter performance is expected to benefit from digital momentum and the relaunch of its Perks loyalty program, along with menu innovation [8] - The Zacks Consensus Estimate for Potbelly's first-quarter 2025 revenues is $112.6 million, indicating a growth of 1.3% from the previous year, while EPS is expected to show a loss of 2 cents, a deterioration of 300% [10][11] Dine Brands Global, Inc. - Dine Brands' performance is likely to be supported by operational improvements and brand revitalization efforts, including the Applebee's Looking Good reimage program [12] - The Zacks Consensus Estimate for Dine Brands' first-quarter 2025 revenues is $215.3 million, indicating a growth of 4.4%, while EPS is expected to be $1.18, a decline of 11.3% from the previous year [13] Bloomin' Brands, Inc. - Bloomin' Brands is expected to benefit from off-premise channels, remodeling efforts, and technology upgrades [14] - The Zacks Consensus Estimate for Bloomin' Brands' first-quarter 2025 revenues is $1.04 billion, indicating a deterioration of 13.3%, with EPS expected to be 57 cents, a decline of 18.6% [16]

Core Insights - Light & Wonder (LNW) is expected to report quarterly earnings of $1.17 per share, reflecting a 25.8% increase year over year [1] - Analysts forecast revenues of $808.58 million, indicating a 7% year-over-year growth [1] - There have been no revisions in the consensus EPS estimate over the last 30 days, suggesting stability in analysts' forecasts [1] Revenue Estimates - Revenue from SciPlay is projected to reach $222.59 million, representing an 8.1% increase year over year [3] - Revenue from Gaming is expected to be $511.28 million, showing a 7.4% increase from the previous year [4] - Revenue from iGaming is estimated at $81.40 million, indicating a 10% increase year over year [4] AEBITDA Estimates - AEBITDA for Gaming is anticipated to be $254.30 million, up from $232 million in the same quarter last year [4] - AEBITDA for iGaming is expected to reach $26.78 million, compared to $25 million in the same quarter last year [5] - AEBITDA for SciPlay is projected at $69.06 million, an increase from $62 million in the same quarter last year [5] Stock Performance - Over the past month, shares of Light & Wonder have increased by 18.3%, outperforming the Zacks S&P 500 composite, which rose by 11.5% [6] - Currently, LNW holds a Zacks Rank 3 (Hold), indicating that its performance may align with the overall market in the near future [6]

Core Viewpoint - Groupon (GRPN) is expected to report a quarterly loss of $0.20 per share, a significant decline of 433.3% year-over-year, with revenues projected at $115.5 million, reflecting a 6.2% decrease compared to the same period last year [1]. Earnings Estimates - Over the past 30 days, the consensus EPS estimate for Groupon has been revised downward by 34.3%, indicating a collective reassessment by analysts of their initial projections [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate revisions and short-term stock price performance [3]. Revenue Projections - Analysts estimate that 'Geographic Revenue- North America' will reach $89.33 million, down 5.1% from the previous year [5]. - 'Geographic Revenue- International- Local' is projected at $22.54 million, indicating a 9% year-over-year decline [5]. - 'Geographic Revenue- International' is expected to be $26.91 million, reflecting a 7.1% decrease year-over-year [5]. Specific Revenue Metrics - The average prediction for 'Geographic Revenue- North America- Goods' is $2.24 million, a decline of 27.2% from the year-ago quarter [6]. - 'Geographic Revenue- North America- Travel' is estimated at $3.87 million, suggesting a 15.9% year-over-year decrease [6]. - 'Geographic Revenue- North America- Local' is projected to be $83.23 million, down 3.7% from the previous year [7]. Stock Performance - Groupon shares have shown a return of +1.2% over the past month, contrasting with the Zacks S&P 500 composite's -0.5% change, indicating a potential alignment with overall market performance [7].

Wall Street analysts expect Fortinet (FTNT) to post quarterly earnings of $0.53 per share in its upcoming report, which indicates a year-over-year increase of 23.3%. Revenues are expected to be $1.54 billion, up 13.5% from the year-ago quarter.Over the last 30 days, there has been a downward revision of 0.2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe ...

Core Viewpoint - Analysts expect Diamondback Energy (FANG) to report quarterly earnings of $4.07 per share, reflecting a year-over-year decline of 9.6%, while revenues are projected to be $3.74 billion, an increase of 68.2% from the previous year [1] Revenue Estimates - Revenues from oil, natural gas, and natural gas liquids are anticipated to be $3.67 billion, indicating a year-over-year increase of 74.7% [4] - Oil sales revenues are expected to reach $3.03 billion, reflecting a year-over-year growth of 62.1% [4] - Natural gas liquid sales revenues are projected at $410.54 million, showing a significant year-over-year increase of 123.1% [4] - Natural gas sales revenues are estimated to be $243.41 million, representing a remarkable year-over-year change of 386.8% [5] Production Estimates - Average daily production is forecasted to be 855,303.90 BOE/D, compared to 461,110 BOE/D from the same quarter last year [5] - Total production volume for natural gas liquids is expected to be 17,430.23 MBBL, up from 8,653 MBBL in the same quarter last year [6] - Total production volume for oil is projected to reach 42,783.51 MBBL, compared to 24,874 MBBL reported in the same quarter last year [7] - Total production volume (combined volumes) is estimated at 76,894.90 MBOE, significantly higher than the year-ago figure of 41,961 MBOE [8] Price Estimates - Average prices for oil are expected to be $70.67 per barrel, down from $75.06 per barrel in the previous year [5] - Average prices for hedged oil are projected at $70.36 per barrel, compared to $74.13 per barrel last year [6] - Average prices for natural gas liquids are estimated at $23.27 per barrel, up from $21.26 per barrel in the same quarter of the previous year [7] - Average prices for hedged natural gas liquids are expected to be $22.61 per barrel, compared to $21.26 per barrel last year [8] Stock Performance - Over the past month, Diamondback shares have declined by 15.1%, while the Zacks S&P 500 composite has changed by -0.2% [8]