Core Insights - The third-quarter 2025 reporting cycle for the Medical sector, which includes pharma/biotech and medical device companies, is nearing completion [1] Earnings Performance - Major pharmaceutical companies like Amgen, Novo Nordisk, and Pfizer reported earnings, with Amgen and Pfizer showing strong results and raising their EPS outlook for 2025, while Novo Nordisk faced weaker-than-expected results and reduced its full-year guidance due to slower growth in its GLP-1 portfolio [2] - As of November 5, nearly 82% of companies in the Medical sector, representing 92% of the sector's market capitalization, reported quarterly earnings, with approximately 92% beating earnings estimates and around 84% exceeding revenue expectations. Year-over-year earnings rose over 4%, while revenues increased nearly 11%, with overall expected increases of 3.0% in earnings and 10.5% in sales compared to the previous year [3] Potential Earnings Surprises - Four biotech companies—Alto Neuroscience, Autolus Therapeutics, Ascendis Pharma, and Immuneering—are highlighted as likely to deliver earnings beats based on their positive Earnings ESP and solid Zacks ranks [4][10] - Alto Neuroscience has an Earnings ESP of +16.41% and a Zacks Rank 2, with a consensus estimate for a loss of 66 cents per share [7] - Autolus Therapeutics has an Earnings ESP of +22.30% and a Zacks Rank 2, with a consensus estimate for a loss of 23 cents per share [11] - Ascendis Pharma has an Earnings ESP of +34.28% and a Zacks Rank 3, with a consensus estimate for a loss of 41 cents per share [13] - Immuneering has an Earnings ESP of +21.62% and a Zacks Rank 3, with a consensus estimate for a loss of 37 cents per share [15]

Key Takeaways FLY's Q3 earnings may benefit from launch, lunar-transport and national security programs.Demand for small and medium-lift launches remains a key earnings driver.Higher research and development spending could pressure results despite rising defense and satellite demand.Firefly Aerospace, Inc. (FLY) is scheduled to release third-quarter 2025 results on Nov. 12, after market close. The company delivered a negative earnings surprise of 1,161.91% in the last reported quarter.Let’s discuss the fact ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? ServiceTitan Inc. (TTAN) , which belongs to the Zacks Internet - Software industry, could be a great candidate to consider.This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 66.67%.For the last reported quarter, ServiceTitan Inc. came ...

Core Insights - American Public Education, Inc. (APEI) is set to report its third-quarter 2025 results on November 10, after market close [1] - The company reported an adjusted loss per share that was narrower than the Zacks Consensus Estimate by 71.4%, with revenues exceeding the consensus by 1.1% and growing 6.5% year over year [1] Revenue Performance - APEI's revenue growth is attributed to an increase in students utilizing federal student aid and military-affiliated education benefit programs, along with effective marketing and enrollment strategies [4] - The Zacks Consensus Estimate for revenues in Q3 is $160.5 million, reflecting a 4.8% increase from $153.1 million in the same quarter last year [3] - The company expects net course registrations in the APUS segment to rise by 5-7% year over year, with enrollments in the RU and HCN segments projected to increase by 10% and 18%, respectively [5][6] Earnings Outlook - APEI anticipates a loss per share between 15 cents and 4 cents for the third quarter, with adjusted EBITDA expected to be between $15 million and $17 million, representing a year-over-year increase of 16-32% [8] - The company projects total costs and expenses to rise by 7.7% to $160.4 million compared to the previous year, driven by increased faculty compensation and marketing costs [9] Earnings Prediction Model - The Zacks model indicates that APEI does not have a strong likelihood of an earnings beat this quarter, with an Earnings ESP of 0.00% and a Zacks Rank of 4 (Sell) [10][11]

Core Insights - Green Dot Corporation (GDOT) is scheduled to report its third-quarter 2025 results on November 10, with a history of earnings surprises, having surpassed the Zacks Consensus Estimate in three of the last four quarters, averaging an earnings surprise of 42.1% [1] Q3 Expectations - The consensus estimate for GDOT's revenues is $487.3 million, reflecting a 20% year-over-year growth, primarily driven by robust performance in B2B services, which is expected to generate revenues of $363.2 million, indicating a 31% year-over-year increase [2] - The bottom line is projected to show a loss of 11 cents per share, contrasting with earnings of 13 cents in the same quarter last year [3] Earnings Prediction Model - The current model does not indicate a definitive prediction for an earnings beat for GDOT, as it has an Earnings ESP of 0.00% and a Zacks Rank of 4 (Sell), which does not support the likelihood of an earnings surprise [4][8]

Core Insights - MarketAxess Holdings Inc. is scheduled to report its third-quarter 2025 results on November 7, 2025, with earnings estimated at $1.69 per share and revenues of $206.42 million [1] Earnings Estimates - Third-quarter earnings estimates have been revised downward by 18 cents over the past 60 days, indicating an 11.1% decrease from the previous year [2] - The Zacks Consensus Estimate for quarterly revenues suggests a year-over-year decline of 0.1% [2] Full-Year Projections - For the full year 2025, the revenue estimate is $852.89 million, reflecting a 4.4% year-over-year increase, while the earnings per share estimate is $7.24, indicating a 0.6% decline year-over-year [3] Historical Performance - MarketAxess has a strong track record of exceeding earnings estimates, having beaten the consensus in each of the last four quarters with an average surprise of 3% [4] Earnings Prediction Model - The current model does not predict an earnings beat for MarketAxess, as it has an Earnings ESP of 0.00% and a Zacks Rank of 5 (Strong Sell) [5] Factors Influencing Q3 Results - Lower transaction fees and increased expenses may counterbalance gains from Eurobond and Emerging Markets trading growth [8] - The total trading volume is expected to decrease by 0.4% year-over-year, with U.S. high-grade trading volume projected to decline by 3% [9] Trading Volume Insights - Eurobonds trading volumes are estimated to grow by 16.6% year-over-year, while Emerging Markets are expected to see a 12.6% increase [10] Revenue and Fee Estimates - The consensus estimate for commissions is $178.6 million, indicating a 1% decline from the prior year, with a 7% year-over-year fall in average variable transaction fees per million [11] - Total expenses are projected to rise to approximately $126.4 million, reflecting a 5.6% year-over-year increase [12] Information Services Revenue - Higher information services revenues are anticipated, with a consensus estimate of $13.4 million, indicating a 3.5% rise from the previous year [13]

Key Takeaways Commercial aftermarket strength likely lifted TDG's Power & Control segment revenues.Rising air travel and defense demand are expected to boost the Airframe segment performance.Consensus projects Q4 sales up 10.1% and EPS rising 4.3% from the year-ago quarter.TransDigm Group Incorporated (TDG) is slated to report fourth-quarter fiscal 2025 results on Nov. 12, before market open. The company delivered a negative earnings surprise of 1.84% in the last reported quarter.Let’s discuss the factors t ...

Core Viewpoint - Pagaya Technologies Ltd. (PGY) is expected to report strong third-quarter earnings, with revenues projected to increase significantly year-over-year, driven by growth in fee revenues and network volume [2][9]. Financial Performance - In Q2, PGY achieved total revenues and other income of $326 million, marking a 30% year-over-year increase, primarily due to higher fee revenues [2]. - The Zacks Consensus Estimate for Q3 revenues is $339 million, indicating a 31.9% year-over-year improvement [2][7]. - The earnings estimate for the upcoming quarter remains unchanged at 62 cents per share, reflecting a 40.9% growth from the same quarter last year [3][4]. Estimate Revision Trend - The earnings estimates for the current quarter have remained stable over the past 30 days, with no changes noted [4]. - The consensus estimate for network volume is $2.84 billion, which represents a 20.7% increase from the prior year [8]. Growth Strategy - Pagaya's growth strategy includes expanding product offerings, enhancing monetization of existing partnerships, and adding new enterprise lending partners, particularly large U.S. banks and auto captives [9][20]. - The company anticipates total revenues and other income for Q3 to be between $330 million and $350 million [9]. Valuation and Market Performance - PGY shares have outperformed the S&P 500 Index in Q3 but are considered expensive relative to the industry, with a trailing 12-month price/book (P/B) ratio of 4.19X compared to the industry average of 3.35X [13][16]. - While PGY trades at a premium to LendingClub, it is at a discount to LendingTree, which has a P/B of 5.97X [19]. Business Model Resilience - The company has diversified its business model beyond personal loans into auto lending and point-of-sale financing, which helps mitigate cyclical risks [20]. - Pagaya has established a network of over 135 institutional funding partners to support its asset-backed securities, enhancing liquidity and stability [21].

Core Insights - Sea Limited (SE) is expected to report third-quarter 2025 results on November 11, with earnings estimated at $1.03 per share, a decrease of 7.2% from the previous 30 days, compared to 54 cents per share in the same quarter last year. Revenue is projected at $5.97 billion, indicating a year-over-year growth of 39.90% [1][2]. Group 1: Performance Drivers - Shopee's sustained momentum is anticipated to positively impact Sea Limited's performance, with Gross Merchandise Value (GMV) growing 25% year-over-year in the first half of 2025, and continued growth expected into the third quarter. Shopee has achieved record quarters and remains the market leader in Brazil, marking its fifth anniversary with significant growth and profitability [3][8]. - SeaMoney's rapid loan book expansion, reaching approximately $6.9 billion with a nearly 90% year-over-year growth, is expected to support performance. The fintech arm maintains a stable 90-day non-performing loan ratio of around 1.0%, reflecting disciplined risk management and robust portfolio health [4][8]. - Garena's strong gaming performance, driven by multiple titles achieving double-digit growth and a massive global player base exceeding 100 million daily active users, is likely to enhance Sea Limited's results. Management has raised full-year bookings guidance to over 30% year-over-year, indicating confidence in sustained engagement and monetization [5][8]. Group 2: Financial Considerations - Sea Limited's focus on expansion in e-commerce and fintech has led to significantly higher operating expenditures, with sales and marketing expenses increasing nearly 30% year-over-year to about $1.0 billion. This aggressive investment strategy may pressure profitability in the upcoming quarter [6]. - The company's current Earnings ESP stands at -6.5% with a Zacks Rank of 3, indicating that the model does not predict an earnings beat this time [7][9].

Core Viewpoint - Dillard's (DDS) is anticipated to report a year-over-year decline in earnings due to lower revenues, with the consensus outlook indicating a potential impact on its near-term stock price [1][3]. Earnings Expectations - The upcoming earnings report is expected to show quarterly earnings of $6.43 per share, reflecting a year-over-year decrease of 16.8% [3]. - Revenues are projected to be $1.42 billion, which is a slight decline of 0.2% compared to the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 0.42% over the last 30 days, indicating a reassessment by analysts [4]. - The Most Accurate Estimate for Dillard's is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +2.70%, suggesting a recent bullish sentiment among analysts [12]. Historical Performance - Dillard's has consistently beaten consensus EPS estimates, achieving this in the last four quarters [14]. - In the last reported quarter, Dillard's exceeded expectations by delivering earnings of $4.66 per share against an expected $3.79, resulting in a surprise of +22.96% [13]. Predictive Indicators - A positive Earnings ESP is a strong predictor of an earnings beat, especially when combined with a favorable Zacks Rank; however, Dillard's currently holds a Zacks Rank of 4, complicating predictions of an earnings beat [10][12]. - The predictive power of the Earnings ESP model is significant primarily for positive readings, indicating that a negative reading does not necessarily predict an earnings miss [9][11]. Conclusion - While Dillard's does not appear to be a compelling candidate for an earnings beat, investors should consider other factors influencing stock performance ahead of the earnings release [17].