Core Viewpoint - Whirlpool's third-quarter 2025 earnings report showed a mixed performance, with adjusted EPS beating estimates but a significant year-over-year decline, raising questions about future trends leading up to the next earnings release [2][12]. Financial Performance - The company reported adjusted EPS of $2.09, down 39.1% from $3.43 in the previous year, but above the Zacks Consensus Estimate of $1.41 [2]. - Net sales reached $4.033 billion, a 1% increase year-over-year, surpassing the Zacks Consensus Estimate of $3.925 billion [3]. - Quarterly gross profit was $594 million, down 7.6% from $643 million a year ago, with a gross margin of 14.7%, a decline of 140 basis points [4]. Segment Performance - MDA North America segment net sales increased by 2.8% year-over-year to $2.72 billion, but EBIT decreased by 30.6% to $134 million [6]. - MDA Latin America saw a decline in net sales by 5.2% to $802 million, with EBIT down 22% to $45 million [7]. - SDA Global segment net sales increased by 10.5% to $288 million, with EBIT rising 28.8% to $47 million [8]. Financial Health - As of the end of Q3, Whirlpool had cash and cash equivalents of $934 million and long-term debt of $6.2 billion [9]. - The company reported a negative free cash flow of $907 million for the first nine months of 2025 [10]. 2025 Outlook - Whirlpool anticipates net sales of $15.8 billion for 2025, down from $16.6 billion in the previous year, with an ongoing EBIT margin expected to be 5% [11]. - GAAP EPS is projected at $6.00, while ongoing EPS is expected to be $7.00, a decrease from $12.21 in 2024 [12]. Estimate Trends - Consensus estimates for Whirlpool have trended downward, with a significant shift of -22.81% noted [13]. - The stock currently holds a Zacks Rank 3 (Hold), indicating expectations for an in-line return in the coming months [15].

Core Insights - Autodesk (ADSK) reported strong third-quarter fiscal 2026 results with non-GAAP earnings of $2.67 per share, exceeding the Zacks Consensus Estimate by 7.23% and reflecting a 23% year-over-year increase [1] - The company achieved revenues of $1.85 billion, surpassing the consensus mark by 2.67% and growing 18% year over year [1] Performance Highlights - Autodesk's robust performance was driven by exceptional AECO performance, higher-than-expected upfront revenues, sustained momentum in the Autodesk Store, and better-than-anticipated billings linearity [2] - Subscription revenues, which constitute 93.6% of total revenues, rose 19% year over year to $1.73 billion, while maintenance revenues declined 11.1% to $8 million [3] - Other revenues increased 6.7% to $111 million [3] Regional Revenue Breakdown - Revenues from the Americas, accounting for 44.3% of total revenues, increased 16.3% year over year to $820 million [4] - EMEA revenues, representing 38.6% of total revenues, climbed 23.3% to $715 million [4] - Asia-Pacific revenues, making up 17.2% of total revenues, increased 11.6% to $318 million [4] - Total billings reached $1.86 billion, marking a 21% year-over-year increase [4] Product Line Performance - AECO revenues, which account for 49.7% of total revenues, increased 22.6% year over year to $921 million [5] - AutoCAD and AutoCAD LT revenues rose 15.1% to $458 million, while Manufacturing revenues increased 15.6% to $355 million [5] - Media and Entertainment revenues grew 3.6% to $86 million [5] Operating Results - Non-GAAP operating expenses rose 16.2% year over year to $1.03 billion, with a non-GAAP operating margin of 37.7%, expanding 120 basis points year over year [6] Financial Position - As of October 31, 2025, Autodesk had cash and cash equivalents of $2.29 billion, up from $2.24 billion as of July 31, 2025 [7] - Deferred revenues increased 5% to $3.85 billion, with unbilled deferred revenues at $3.52 billion [7] - Cash flow from operating activities was $439 million, representing a 110% increase year over year, while free cash flow was $430 million, indicating a rise of 116% [8] Guidance - For Q4 fiscal 2026, Autodesk projects revenues between $1.90 billion and $1.92 billion, with non-GAAP earnings per share expected between $2.59 and $2.67 [9] - For the full fiscal 2026, revenues are anticipated to be between $7.15 billion and $7.17 billion, with billings estimated in the range of $7.47 billion to $7.53 billion [9] - Non-GAAP earnings are expected to be in the range of $10.18 to $10.25 per share, with an anticipated non-GAAP operating margin of approximately 37.5% [10] - Free cash flow is projected to be between $2.26 billion and $2.29 billion [10]

Core Insights - Deere reported $10.58 billion in revenue for the quarter ended October 2025, a year-over-year increase of 14.1%, with an EPS of $3.93 compared to $4.55 a year ago [1] - The revenue exceeded the Zacks Consensus Estimate of $9.99 billion by 5.92%, while the EPS fell short of the consensus estimate of $3.96 by 0.76% [1] Revenue Breakdown - Production & precision ag net sales reached $4.74 billion, surpassing the average estimate of $4.61 billion, reflecting a year-over-year increase of 10.1% [4] - Agriculture and Turf net sales totaled $7.2 billion, exceeding the average estimate of $6.8 billion, marking a 9% year-over-year increase [4] - Equipment Operations net sales were $10.58 billion, above the five-analyst average estimate of $9.9 billion, representing a 14.1% year-over-year change [4] - Small ag & turf net sales amounted to $2.46 billion, exceeding the average estimate of $2.2 billion, with a year-over-year increase of 6.6% [4] - Construction & forestry net sales reached $3.38 billion, surpassing the average estimate of $3.1 billion, indicating a significant year-over-year increase of 27% [4] - Other revenues were reported at $267 million, below the estimated $311.55 million, reflecting a year-over-year decline of 22.8% [4] - Financial services revenues totaled $1.55 billion, slightly below the average estimate of $1.57 billion, with a year-over-year increase of 1.7% [4] - Financial services- Other Income was $171 million, exceeding the estimated $126.74 million, showing a year-over-year increase of 46.2% [4] - Financial services- Total revenues were $1.67 billion, below the estimated $1.7 billion, representing a year-over-year decline of 0.9% [4] - Financial services- Finance and Interest Income was reported at $1.5 billion, below the average estimate of $1.58 billion, reflecting a year-over-year decrease of 4.4% [4] - Net sales were $10.58 billion, compared to the average estimate of $9.89 billion, indicating a year-over-year change of -5.1% [4] - Equipment Operations- Other income was $242 million, slightly below the average estimate of $247.22 million, with a year-over-year decline of 11.7% [4] Stock Performance - Deere's shares have returned +6.4% over the past month, contrasting with the Zacks S&P 500 composite's -0.3% change [3] - The stock currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the broader market in the near term [3]

Core Insights - Prosus N.V. is a Dutch technology investor with a significant stake in Tencent Holdings, focusing on digital services and e-commerce expansion [1] - The company reported earnings with an EPS of $0.43 and revenue of approximately $3.61 billion, exceeding estimates [2][6] - Prosus experienced a 99% increase in adjusted core profit for the half-year, driven by strong e-commerce and digital services performance [3][6] Financial Performance - Revenue growth is attributed to successful e-commerce operations and strategic investments, with a 70% increase in profitability across regions including Latin America, Europe, and India [3] - The company has a P/E ratio of 17.97, a price-to-sales ratio of 23.03, and an enterprise value to sales ratio of 24.53, indicating strong market valuation [4] - Prosus maintains a debt-to-equity ratio of 0.32 and a current ratio of 3.54, reflecting low debt levels and strong liquidity [5][6]

Core Insights - Agilent Technologies reported fourth-quarter fiscal 2025 earnings of $1.59 per share, matching the Zacks Consensus Estimate, with an 8.9% year-over-year increase [1] - Revenues reached $1.86 billion, exceeding the Zacks Consensus Estimate by 1.49%, reflecting a 9.4% increase on a reported basis and a 7.2% increase on a core basis year over year [1] Revenue Breakdown - The Life Sciences and Diagnostics Markets Group (LDG) generated $755 million, accounting for 40.6% of total revenues, with a 15% increase on a reported basis and an 11% rise on a core basis year over year [2] - The Agilent CrossLab Group (ACG) also reported revenues of $755 million, representing 40.6% of total revenues, with a 7% increase on a reported basis and a 6% increase on a core basis year over year [3] - The Applied Markets Group (AMG) saw revenues increase by 4% year over year to $351 million on a reported basis and 3% on a core basis, making up 18.9% of total revenues [3] Operating Results - The gross margin for the LDG segment contracted by 90 basis points year over year to 52.9%, while ACG's gross margin decreased by 140 basis points to 54.9%, and AMG's gross margin fell by 40 basis points to 54.6% [4] - Non-GAAP operating margin for the fourth quarter was 27.1%, down 30 basis points year over year [6] - LDG's operating margin increased by 130 basis points to 22.7%, while ACG's margin fell by 130 basis points to 32.5%, and AMG's margin contracted by 70 basis points to 24.7% [6] Expenses - Research and development (R&D) expenses on a non-GAAP basis were $116 million, up 6.4% from the prior-year quarter, while selling, general and administrative (SG&A) expenses rose to $386 million, marking a 6.6% increase [5] - As a percentage of revenues, R&D expenses fell by 20 basis points to 6.2%, and SG&A expenses decreased by 50 basis points to 20.7% year over year [5] Balance Sheet - As of October 31, 2025, Agilent's cash and cash equivalents were $1.78 billion, an increase from $1.54 billion as of July 31, 2025 [7] - Long-term debt decreased to $3.05 billion from $3.35 billion as of July 31, 2025 [7] Guidance - For Q1 fiscal 2026, Agilent expects revenues between $1.79 billion and $1.82 billion, indicating a rise of 6% to 8% on a reported basis and 4% to 6% on a core basis, with non-GAAP earnings projected between $1.35 and $1.38 per share [9] - For fiscal 2026, the company anticipates revenues between $7.3 billion and $7.4 billion, implying a 5-7% increase on a reported basis and 4-6% on a core basis, with non-GAAP earnings expected between $5.86 and $6.00 per share [10]

Core Viewpoint - NIO Inc. reported mixed Q3 2025 results, beating earnings expectations but missing revenue targets [1] Financial Performance - The company exceeded earnings expectations for Q3 2025 [1] - Revenue figures fell short of market expectations [1]

Core Insights - Walmart Inc. reported fiscal third-quarter earnings of $179.5 billion in revenue and $0.62 in adjusted earnings per share, surpassing analyst expectations [1] - The company raised its full-year sales growth guidance to a range of 4.8% to 5.1%, up from the previous estimate of 3.75% to 4.75% [1] - Walmart's CEO Doug McMillon announced his departure, with John Furner set to take over, prompting discussions about the company's turnaround under McMillon [1] Financial Performance - Fiscal third-quarter revenue: $179.5 billion [1] - Adjusted earnings per share: $0.62, exceeding analyst estimates [1] - Revised full-year sales growth guidance: 4.8% to 5.1% [1] Management Changes - CEO Doug McMillon will be succeeded by John Furner [1] - Discussions around the impact of McMillon's leadership on Walmart's turnaround [1] Market Position - Jim Cramer highlighted Walmart's resilience in the face of tariffs, contrasting its performance with that of Target, which is reportedly falling behind [2]

Core Viewpoint - Raymond James Financial, Inc. reported strong earnings for Q4 fiscal 2025, with adjusted earnings per share of $3.11, surpassing estimates and reflecting a 5% year-over-year increase [3][5]. Financial Performance - The company achieved record quarterly net revenues of $3.73 billion, an 8% increase year-over-year, exceeding the Zacks Consensus Estimate of $3.60 billion [6]. - For fiscal 2025, net revenues reached $14.07 billion, up 10% year-over-year, also beating the Zacks Consensus Estimate of $13.94 billion [6]. - Net income available to common shareholders for Q4 was $603 million, or $2.95 per share, compared to $601 million, or $2.86 per share, in the prior-year quarter [4]. Revenue Segmentation - The Private Client Group saw a 7% year-over-year growth in net revenues, while Asset Management's net revenues rose by 14% and Capital Markets increased by 6% [7]. - The Bank segment recorded a 6% rise in net revenues, but the "Others" category experienced a significant decline of 57% [7]. Expense Analysis - Non-interest expenses increased by 11% year-over-year to $3 billion, driven by rising costs across all components except for bank loan provisions for credit losses [8]. Asset Management - As of September 30, 2025, client assets under administration reached a record $1.73 trillion, up 10% from the previous year, while financial assets under management grew by 12% to $274.9 billion [9]. Balance Sheet Strength - Total assets stood at $88.2 billion, a 4% increase from the prior quarter, with total common equity at $12.4 billion, up 2% sequentially [10]. - The book value per share increased to $62.72 from $57.03 a year ago [10]. Share Repurchase Activity - In the reported quarter, the company repurchased shares worth $350 million at an average price of $166 per share [12]. Future Outlook - The company anticipates a 6.5% sequential increase in asset management and related administrative fees for the first quarter of fiscal 2026 [13]. - Management expects the aggregate of net interest income and third-party fees to remain stable in the upcoming quarter, despite the impact of the September Fed rate cut [14]. - The effective tax rate for fiscal 2026 is estimated to be around 24-25% [15]. Market Position - Raymond James Financial has a Zacks Rank of 3 (Hold), indicating an expectation of an in-line return in the coming months [18].

Core Viewpoint - Texas Capital Bancshares reported strong third-quarter earnings, surpassing expectations and showing significant year-over-year improvements in net income and revenues, driven by increased net interest income and a decline in expenses [2][3][4]. Financial Performance - Earnings per share for Q3 2025 reached $2.18, exceeding the Zacks Consensus Estimate of $1.77 and up from $1.59 in the same quarter last year [2]. - Net income available to common shareholders was a record $100.9 million, compared to a net loss of $65.6 million in the prior-year quarter [3]. - Total quarterly revenues increased by 11.6% year over year to $340.4 million, surpassing the Zacks Consensus Estimate by 4.7% [4]. Revenue Breakdown - Net interest income (NII) was $271.8 million, reflecting a 13.2% year-over-year increase, primarily due to higher average earning assets and lower funding costs [4]. - Non-interest income rose by 5.8% year over year to $68.6 million, driven by increased service charges and trading income [5]. Expense Management - Non-interest expenses decreased by 2.4% year over year to $190.6 million, attributed to reductions in salaries, occupancy, and marketing expenses [6]. Loan and Deposit Growth - Total average loans held for investment increased by 1.1% sequentially to $24.2 billion, while total deposits rose by 5.5% sequentially to $27.5 billion [7]. Credit Quality - Total non-performing assets increased by 8% to $96.1 million from the prior-year quarter, with provisions for credit losses declining by 20% to $12 million [8]. Capital Ratios - Tangible common equity to total tangible assets improved to 10.3% from 9.7% in the year-ago quarter [9]. - The leverage ratio was 11.9%, up from 11.4% a year earlier, and the common equity tier one ratio rose to 12.1% from 11.2% [10]. Future Outlook - The company anticipates low-double-digit percentage growth in total adjusted revenues for 2025, with adjusted non-interest revenues expected to be $270 million [11]. - Management expects fee income to range between $230-$235 million in 2025, with a significant contribution from investment banking [11][13]. - The bank aims to increase non-interest income's contribution to total revenues from 11% in 2020 to 15-20% by 2025 [14]. Industry Comparison - Texas Capital operates within the Zacks Banks - Southwest industry, where BOK Financial reported revenues of $548.35 million, reflecting a year-over-year increase of 6.2% [21].

Core Viewpoint - Teledyne Technologies reported strong Q3 earnings, surpassing estimates, but the stock has underperformed the S&P 500 in the past month, raising questions about future performance [1][2]. Financial Performance - Adjusted earnings for Q3 2025 were $5.57 per share, exceeding the Zacks Consensus Estimate of $5.50 by 1.3% and improving 7.8% from $5.10 in the previous year [2]. - Total sales reached $1.54 billion, beating the Zacks Consensus Estimate of $1.52 billion by 1% and increasing 6.7% from $1.44 billion year-over-year [4]. Segment Performance - Instrumentation segment sales rose 3.9% year-over-year to $363.6 million, with adjusted operating income increasing 2.3% to $102.1 million [5]. - Digital Imaging sales increased 2.2% to $785.4 million, but adjusted operating income declined 2% to $170.2 million [6]. - Aerospace and Defense Electronics saw a significant sales increase of 37.6% to $275.5 million, with adjusted operating income rising 36.8% to $77.3 million [7]. - Engineered Systems revenues fell 8.1% to $115 million, with operating income decreasing 5.4% to $12.2 million [7]. Financial Condition - Cash and cash equivalents were $528.6 million as of September 28, 2025, down from $649.8 million at the end of 2024 [8]. - Long-term debt decreased to $2.08 billion from $2.65 billion over the same period [8]. - Operating cash flow totaled $343.1 million, up from $249.8 million year-over-year, with free cash flow increasing to $313.9 million from $228.7 million [9]. Guidance - For Q4 2025, Teledyne expects adjusted earnings between $5.73 and $5.88 per share, while the Zacks Consensus Estimate is $5.90 [10]. - For the full year 2025, the company anticipates adjusted earnings in the range of $21.45 to $21.60 per share, with the Zacks Consensus Estimate at $21.48 [10]. Market Sentiment - Estimates for Teledyne have trended downward over the past month, indicating a potential shift in market sentiment [11]. - The company currently holds a Zacks Rank 3 (Hold), suggesting an expectation of in-line returns in the coming months [13].