Core Insights - NiSource Inc. reported third-quarter 2025 operating earnings per share (EPS) of 19 cents, missing the Zacks Consensus Estimate of 20 cents by 5% and down by a penny from the previous year [1] - The company’s total revenues reached $1.28 billion, exceeding the Zacks Consensus Estimate of $1.17 billion by 8.6% and increasing 18.3% year-over-year [2][9] Financial Performance - Total operating expenses were $0.98 billion, up 13.7% from $0.86 billion in the prior-year quarter [3] - Operating income increased to $297.5 million, a rise of 36.3% from $218.3 million in the previous year [3] - Net interest expenses rose to $179.8 million, up 33.6% from $134.6 million in the prior-year quarter [3] Sales and Distribution - Total gas distribution in Sales and Transportation (excluding weather) was 100.2 Million British Thermal Units per day (MMDth), up 3.5% from 96.8 MMDth in the prior-year quarter [4] - Total electric sales (excluding weather) were recorded at 4,621.6 gigawatt-hours (GWh), an increase of 0.8% from 4,587.1 GWh in the prior-year quarter [4] Financial Position - Cash and cash equivalents as of September 30, 2025, were $95 million, down from $156.6 million as of December 31, 2024 [5] - Long-term debts as of September 30, 2025, were $14.47 billion, compared to $12.07 billion as of December 31, 2024 [5] - Net cash flows from operating activities in the first nine months of 2025 were $1.65 billion, up from $1.24 billion in the same period of 2024 [5] Liquidity and Guidance - NiSource's liquidity as of September 30, 2025, was nearly $3 billion, sufficient to meet near-term obligations [6] - The company reaffirmed 2025 non-GAAP earnings guidance of $1.85-$1.89 per share and expects 2026 non-GAAP earnings in the range of $2.02-$2.07 [7] - NiSource anticipates an earnings CAGR of 6-8% through 2030 [7] Capital Expenditure - The company plans a capital expenditure of $28 billion for the 2026-2030 period, which is nearly $8.6 billion higher than the previous five-year plan, primarily driven by $7 billion in strategic investments for data centers [8][9]

3Q25 Earnings Results OCTOBER 2025 Q3 Highlights: Balance Sheet Strengthening and Solid Profitability Steady Earnings and RoE Record Commercial Portfolio and Record Total Deposits Robust Margins and Asset Quality Strong Non-Interest Income and Efficiency Commercial Book $10.9 Bn 0% QoQ | ↑ 12% YoY Deposits $6.8 Bn ↑ 6% QoQ | ↑ 21% YoY NIM 2.32% ↓ 4 Bps QoQ | ↓ 23 Bps YoY NPLs 0.15% 0 Bps QoQ | ↓ 1 Bps YoY Non-Interest Income $15.4 M ↓ 31% QoQ | ↑ 40% YoY Efficiency Ratio 25.8% ↑ 262 Bps QoQ | ↓ 136 Bps YoY ...

Core Insights - American Electric Power (AEP) reported revenue of $6.01 billion for the quarter ended September 2025, reflecting an 11.3% increase year-over-year and exceeding the Zacks Consensus Estimate of $5.65 billion by 6.46% [1] - The company's EPS was $1.80, slightly down from $1.85 in the same quarter last year, resulting in an EPS surprise of -0.55% against the consensus estimate of $1.81 [1] Financial Performance - Total Energy Sales for Vertically Integrated Utilities reached 29,565 GWh, surpassing the average estimate of 28,865.97 GWh [4] - Total Energy Sales for Transmission & Distribution Utilities amounted to 28,636 GWh, exceeding the average estimate of 27,730.36 GWh [4] - Total Energy Sales for Wholesale Electric - Transmission & Distribution Utilities was 552 GWh, compared to the estimated 526.65 GWh [4] - Total Energy Sales for Retail Electric - Transmission & Distribution Utilities totaled 28,084 GWh, above the average estimate of 27,203.71 GWh [4] - Operating Earnings (non-GAAP) for Vertically Integrated Utilities were $573.5 million, below the average estimate of $606.24 million [4] - Operating Earnings (non-GAAP) for Transmission & Distribution Utilities were $259.1 million, exceeding the average estimate of $231.1 million [4] - Operating Earnings (non-GAAP) for AEP Transmission Holdco were $199.9 million, below the average estimate of $208.08 million [4] - Operating Earnings (non-GAAP) for Generation & Marketing were $48.4 million, compared to the average estimate of $56.13 million [4] - Operating Earnings (GAAP) for Vertically Integrated Utilities were $578.2 million, slightly above the average estimate of $562.55 million [4] Market Performance - AEP shares returned +2.3% over the past month, while the Zacks S&P 500 composite increased by +3.8% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Core Insights - Bausch + Lomb reported $1.28 billion in revenue for Q3 2025, a 7.1% year-over-year increase, with an EPS of $0.18 compared to $0.17 a year ago [1] - The revenue was slightly below the Zacks Consensus Estimate by -0.04%, while the EPS exceeded the consensus estimate by +12.5% [1] Revenue Breakdown - Vision Care revenues were $736 million, slightly below the average estimate of $743.74 million, reflecting a year-over-year increase of +7.6% [4] - Surgical revenues reached $215 million, in line with the average estimate of $214 million, marking a +4.4% change year-over-year [4] - Pharmaceuticals revenues totaled $330 million, surpassing the average estimate of $327.18 million, with a year-over-year increase of +7.8% [4] - Other revenues were reported at $4 million, below the two-analyst average estimate of $5 million, showing no change year-over-year [4] Stock Performance - Bausch + Lomb shares returned +0.9% over the past month, underperforming compared to the Zacks S&P 500 composite's +3.8% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Core Insights - Kraft Heinz reported revenue of $6.24 billion for the quarter ended September 2025, a decrease of 2.3% year-over-year, with EPS at $0.61 compared to $0.75 in the same quarter last year [1] - The revenue fell short of the Zacks Consensus Estimate of $6.25 billion by 0.16%, while the EPS exceeded the consensus estimate of $0.57 by 7.02% [1] Revenue Performance - International net revenues were $895 million, slightly below the estimated $896.61 million, reflecting a year-over-year increase of 1.5% [4] - North America net revenues were reported at $4.64 billion, slightly above the average estimate of $4.63 billion, but showed a decline of 3.8% year-over-year [4] - Emerging Markets net sales reached $701 million, below the estimated $712.1 million, but represented a year-over-year increase of 3.9% [4] Operating Income - Segment Adjusted Operating Income for General corporate expenses was reported at -$121 million, better than the estimated -$175.92 million [4] - Segment Adjusted Operating Income for Emerging Markets was $79 million, compared to the average estimate of $91.09 million [4] Stock Performance - Kraft Heinz shares have returned -2% over the past month, while the Zacks S&P 500 composite increased by 3.8% [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

Core Insights - Flex Ltd. reported lower profit in its second quarter but exceeded market estimates, and it raised its fiscal 2025 forecast above Wall Street expectations [1][4] Group 1: Second Quarter Performance - The company's net income for the second quarter was $199 million, or $0.52 per share, compared to $214 million, or $0.54 per share, in the previous year [4] - Adjusted earnings for the period were $300 million, or $0.79 per share, up from $255 million, or $0.64 per share, a year ago, surpassing analysts' expectations of $0.76 per share [4] - Net sales increased by 4 percent to $6.804 billion from $6.545 billion last year, exceeding the Street's expectation of $6.71 billion [5] Group 2: Third Quarter Outlook - For the third quarter, the company projects adjusted earnings per share between $0.74 and $0.80, adjusted operating income of $405 million to $435 million, and net sales of $6.65 billion to $6.95 billion [2] - Wall Street analysts expect earnings of $0.77 per share on net sales of $6.73 billion [2] Group 3: Fiscal 2025 Forecast - The company now projects adjusted earnings per share for fiscal 2025 to be between $3.09 and $3.17, with adjusted operating margins between 6.2 percent and 6.3 percent, and net sales of $26.7 billion to $27.3 billion [3] - Previously, the company expected adjusted earnings per share of $2.86 to $3.06 and net sales of $25.9 billion to $27.1 billion [3] - Analysts anticipate earnings of $3.04 per share on net sales of $26.71 billion for the year [3] Group 4: Factors Influencing Outlook - The revision in outlook is attributed to strong demand in data centers within the Power and Cloud businesses and continued disciplined execution [4]

Third Quarter 2025 Financial Review October 29, 2025 3Q 2025 EARNINGS RELEASE Forward-Looking Statements Certain statements in this financial review relate to future events and expectations and are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "believe," "estimate," "will be," "will," "would," "expect," "anticipate," "plan," "forecast," "target," "guide," "project," "intend," "could," "should" or other similar words or expressions often ...

Group 1 - Visa shares experienced modest gains following fourth quarter results that exceeded expectations on both revenue and earnings [2] - The company reported strong consumer spending across both luxury and necessity items, indicating resilience in the market [2] - Upcoming earnings reports from Boeing and Verizon are anticipated, alongside major tech companies [2] Group 2 - Investors are particularly focused on Boeing for updates regarding jet deliveries and potential reductions in cash flow burn [3] - Boeing CEO Kelly Orper is scheduled for an exclusive interview on Squawk on the Street, which may provide further insights into the company's performance [3]

Core Viewpoint - Illinois Tool Works (NYSE: ITW) recently reported its Q3 earnings, prompting a detailed analysis of the numbers and outlook, suggesting that the company may not be a favorable investment opportunity at this time [1]. Financial Performance - The Q3 earnings report from Illinois Tool Works includes specific financial metrics that warrant further examination to understand the company's performance and future potential [1]. Investment Strategy - The investment approach discussed emphasizes a long-term horizon, typically between 5 to 10 years, focusing on a balanced portfolio that includes growth, value, and dividend-paying stocks, with a particular inclination towards value investments [1].

Core Insights - Garmin matched earnings estimates for Q3 with adjusted earnings of $1.99 per share, but sales were slightly below expectations at $1.77 billion compared to the anticipated $1.78 billion [2][4] - The company's earnings in the same quarter last year were also $1.99 per share, but sales were lower at $1.59 billion, indicating stable earnings year-over-year but growth in sales [2][4] - Following the earnings report, Garmin's stock fell over 3% in premarket trading, dropping to $240 [2][4] Financial Performance - Adjusted earnings per share for Q3 were $1.99, matching analyst expectations [2] - Sales for the September quarter were reported at $1.77 billion, slightly below the forecast of $1.78 billion [2] - Year-over-year comparison shows that sales increased from $1.59 billion in the previous year to $1.77 billion this year [2] Market Position - Garmin is recognized on the IBD Tech Leaders list, indicating its strong position within the technology sector [3] - The company has seen an upgrade in its IBD SmartSelect Composite Rating, rising to 96 from 94, reflecting improved market performance [4][5] - Garmin's stock has shown rising relative strength, although it remains shy of key benchmarks [5]