Velocity Financial (NYSE:VEL) Q3 2025 Earnings Call November 06, 2025 05:00 PM ET Speaker0Good day and welcome to the Velocity Financial third quarter 2025 conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on a touch-tone phone. To withdraw your question, please press ...

Market Outlook - Seaport Research Partners 上调了标普 500 指数的目标，预计市场将恢复上涨趋势 [1] - 预计未来 14 个月内，盈利将成为推动市场上涨的关键因素，市场预期盈利将实现两位数增长，约为 13% 或 14% [4] - 即使盈利数据低于预期，仍然可以实现健康的投资回报 [5] Earnings Analysis - 科技公司同比增长约 27% 或 28%，金融公司增长约 23% 或 24%，金融增长主要受并购活动推动，这两个行业约占标普 500 指数的一半 [5][6] - 传统周期性行业，如工业、可选消费、能源和必需消费品，增长率约为 2% 至 4% [6] - 公司本季度盈利超出预期 9%，营收超出预期 2%，盈利超出预期是一个非常强劲的数字 [7][8] Valuation and Speculation - 投资者常犯的错误是，当市场上涨时，自然认为估值更高，但科技公司股价上涨主要来自盈利增长，估值增长相对较小 [10][11] - 市场整体估值看起来偏高，是因为科技和高市盈率股票在市场中的占比越来越高，而不是因为个别公司的市盈率升高 [11] - 大型科技公司的市盈率倍数低于两年前 [12][13] Risks and Concerns - 关税问题对经济的影响很小，但可能需要几个季度才能显现出来 [17] - 如果失业率开始上升，公司可能会改变支出行为 [18] - 就业形势不容乐观，政府重新开始报告数据后，可能出现负增长，导致企业削减开支 [18][19]

McDonald’s Corporation (NYSE:MCD) shares are trading lower on Thursday.Yesterday, the firm reported solid global comparable sales (comps) and loyalty momentum in the third quarter. However, it experienced slower underlying growth, and a decline in company-operated restaurant sales weighed on the results.McDonald’s reaffirmed its 2025 outlook, expecting net restaurant unit expansion to contribute slightly more than 2% to its 2025 Systemwide sales growth, in constant currencies.Also Read: McDonald’s Sounds Al ...

Atmos Energy (NYSE:ATO) Q4 2025 Earnings Call November 06, 2025 10:00 AM ET Company ParticipantsAditya Gandhi - Senior Associate and Equity ResearchDan Meziere - VP of Investor RelationsKevin Akers - President and CEOGabriel Moreen - Managing DirectorChris Forsythe - SVP and CFOConference Call ParticipantsNone - AnalystNone - AnalystNone - AnalystOperatorHello, and thank you for standing by. My name is Tiffany, and I will be your conference operator today. At this time, I would like to welcome everyone to t ...

Powering Growth Third Quarter 2025 Earnings Nov. 6, 2025 Cautionary Statements Use of Non-GAAP Financial Measures In this presentation, Ameren has presented adjusted earnings per share, which is a non-GAAP measure and may not be comparable to those of other companies. A reconciliation of GAAP to non-GAAP information is included in this presentation. Generally, adjusted earnings or losses include earnings or losses attributable to Ameren common shareholders and exclude income or loss from significant discret ...

J Sainsbury plc (SBRY.L) reported that its first half profit after tax increased to 165 million pounds from 76 million pounds, last year. Earnings per share was 7.1 pence compared to 3.2 pence. Total underlying operating profit was 506 million pounds, up 6.8%. Underlying earnings per share was 10.2 pence compared to 9.1 pence. Retail underlying operating profit was 504 million pounds, up 0.2%. For the 28 weeks ended 13 September 2025, underlying group sales - excluding VAT - was 17.58 billion pounds, up 2. ...

Market Outlook - The market is still considered a buy, with earnings coming in better than expectations and a projected 13% year-over-year EPS growth for 2026 [1][5]. Investment Focus - There is a recommendation to focus on midcaps and small caps, especially as government reopens consumer plays, rather than solely on large-cap tech stocks [2][3]. - The earnings growth potential of companies outside the concentrated mega-cap tech space is highlighted, suggesting a diversification strategy [4][5]. Economic Conditions - The current economic environment is described as bending but not breaking, with expectations of higher earnings growth participation from sectors outside of tech over the next 12 months [5][6]. - The potential for seasonal earnings growth is noted, particularly as the year-end approaches and considering the midterm election year [6]. Government Shutdown - There is optimism regarding the resolution of the government shutdown, with indications of increasing friction and economic loss prompting discussions for a resolution [7].

Carol, there there's been a lot going on the past few weeks. A lot of talk of a market bubble, whether we've hit the peak in the bull market. How concerned should investors be with this latest off.Because a lot of strategists have also been telling us that a pullback was coming sooner than later, >> right. Well, a pullback would be normal, especially when you look at the energy that's been deployed coming off of those April lows. So, some sort of a pullback in here would be natural.It's important though and ...

Financial Data and Key Metrics Changes - The company generated $1.86 of diluted earnings per share in Q3, an 8% decrease from the same time last year, primarily due to declining sales prices in the plastics segment [5][18] - The midpoint of the 2025 earnings guidance was increased to $6.47 from $6.26 per share, driven by better-than-expected financial results in the plastics segment [6][23] - The balance sheet remains strong with $325 million in cash on hand and a leading return on equity of 16% [21][22] Business Line Data and Key Metrics Changes - Electric segment earnings decreased by $0.03 per share due to unfavorable weather and seasonal rate differences, although higher sales volumes partially offset this [18] - Manufacturing segment earnings increased by $0.04 per share, driven by a lower cost structure and enhanced production efficiencies [19] - Plastic segment earnings decreased by $0.26 per share, with a 17% decline in average sales prices of PVC pipe, partially offset by lower input material costs and a 4% increase in sales volumes [20] Market Data and Key Metrics Changes - The lawn and garden and agricultural end markets continue to face demand-related headwinds, while recreational vehicle and construction markets show signs of improvement [14] - The company expects the current low-demand environment to persist through most of 2026 [15] Company Strategy and Development Direction - The updated five-year capital spending plan totals $1.9 billion, with a targeted long-term earnings per share growth rate increased to 7%-9% [5][27] - The company aims to convert rate-based growth into earnings per share growth at an approximate one-to-one ratio [28] - The long-term earnings mix target has been updated to expect 70% of earnings from the electric platform and 30% from the manufacturing platform by 2028 [27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth plan despite dynamic market conditions and emphasized the importance of affordability for customers [4][12] - The company is focused on identifying cost-effective investment projects and managing costs prudently [13] - Management anticipates that plastic segment earnings will normalize by 2028, contributing positively to the overall strategy [26] Other Important Information - The company filed a request for a net revenue increase of $44.8 million with the Minnesota Public Utilities Commission, driven by infrastructure investments and inflation impacts [7][8] - The South Dakota rate case is progressing, with interim rates expected to commence on December 1, 2025 [9] Q&A Session Summary Question: Inquiry about the updated EPS long-term growth rate - Management expects utility earnings to grow in line with the rate base, with year-to-year fluctuations anticipated [31] Question: Update on the antitrust case - Management provided an update on ongoing civil litigation and the involvement of the Department of Justice, indicating a timeline for potential decisions in 2026 [33] Question: Discussion on cash usage and M&A opportunities - Management indicated that cash will primarily be used for utility growth and dividends, with potential for opportunistic M&A in the future [38][39]

Key Takeaways ONE Gas's Q3 EPS rose 29.4% year over year to 44 cents, matching the consensus estimate.Revenues increased 11.4% to $379.1 million but missed estimates by 0.9%.The company narrowed 2025 EPS guidance to $4.34-$4.40.ONE Gas, Inc. (OGS) reported third-quarter 2025 operating earnings per share (EPS) of 44 cents, in line with the Zacks Consensus Estimate. The figure was 29.4% higher than the year-ago quarter’s earnings of 34 cents.OGS’ RevenuesONE Gas recorded revenues of $379.1 million, which miss ...