Core Viewpoint - Tesla's third-quarter earnings report revealed mixed results, with earnings per share missing estimates while total revenues exceeded expectations, leading to questions about the stock's future performance [2][12]. Financial Performance - Tesla reported Q3 2025 earnings per share of 50 cents, missing the Zacks Consensus Estimate of 53 cents and down from 72 cents year-over-year [2]. - Total revenues reached $28.1 billion, surpassing the Zacks Consensus Estimate of $26.4 billion and reflecting a 12% year-over-year increase [2]. - Automotive revenues totaled $21.2 billion, up 6% year-over-year, exceeding the estimate of $18.86 billion [4]. - Energy Generation and Storage revenues were $3.4 billion, a 44% increase year-over-year, beating the estimate of $2.9 billion [6]. - Services and Other revenues amounted to $3.5 billion, up 25% year-over-year, also surpassing the estimate of $3.35 billion [6]. Production and Deliveries - Q3 production totaled 447,450 units, a 5% decline year-over-year, missing the estimate of 451,948 units [3]. - Vehicle deliveries reached 497,099, a 7% increase year-over-year, exceeding the estimate of 435,370 units [3]. - Model 3/Y deliveries were 481,166, up 9% year-over-year, surpassing expectations of 416,456 units [3]. Margins and Cash Flow - Automotive gross margin was 14.7%, down from 16.4% in Q3 2024 [4]. - Operating margin declined by 501 basis points year-over-year to 5.8%, but was above the estimate of 4.9% [5]. - Net cash provided by operating activities was $6.24 billion, slightly down from $6.26 billion year-over-year [8]. - Free cash flow generated during the quarter was $4 billion, compared to $2.7 billion in Q3 2024 [8]. Financial Position - As of September 30, 2025, Tesla had cash and cash equivalents of $41.6 billion, up from $36.6 billion at the end of 2024 [7]. - Long-term debt and finance leases totaled $5.78 billion, a slight increase from $5.75 billion at the end of 2024 [7]. Market Position and Outlook - Tesla's stock has a Zacks Rank of 3 (Hold), indicating an expectation of in-line returns in the coming months [12]. - Estimates for Tesla have trended upward recently, although the overall VGM Score is D, reflecting challenges in value and momentum [10][11].

Core Viewpoint - CME Group's third-quarter 2025 earnings report shows adjusted earnings per share of $2.68, surpassing estimates, but revenues have declined year-over-year due to lower clearing and transaction fees and trading volumes [2][3]. Financial Performance - Revenues for CME Group were $1.5 billion, reflecting a 2.9% decrease year-over-year, primarily driven by lower clearing and transaction fees [3]. - Total expenses increased by 0.8% year-over-year to $565 million, exceeding estimates due to higher compensation, technology, and professional fees [3]. - Operating income fell by 5% from the prior year to $972.6 million, below the estimated $1 billion [4]. Trading Volume and Rates - Average daily volume (ADV) reached a record of 25.3 million contracts, down 10.4% year-over-year, with declines across various product lines [4]. - The total average rate per contract was 70.2 cents [4]. Financial Position - As of September 30, 2025, CME Group had $3.6 billion in cash and marketable securities, an 8.5% decrease from the end of 2024 [5]. - Long-term debt increased by 27.7% to $3.4 billion, while shareholders' equity rose by 6.4% to $28.2 billion [5]. Capital Deployment - CME Group distributed $3.5 billion in dividends during the first nine months of 2025, totaling $29.5 billion since the introduction of the variable dividend policy in early 2012 [6]. Market Sentiment - Recent estimates have remained flat, indicating a stable outlook from investors [7]. - CME Group holds a Zacks Rank of 3 (Hold), suggesting an expectation of in-line returns in the coming months [10]. VGM Scores - CME Group has a poor Growth Score of F, a Momentum Score of B, and a Value Score of D, placing it in the bottom 40% for value investors, resulting in an overall VGM Score of F [8].

Core Insights - UGI Corporation reported a narrower fourth-quarter fiscal 2025 operating loss of 23 cents per share, better than the Zacks Consensus Estimate of a loss of 44 cents, and an improvement from a loss of 16 cents in the same quarter last year [1] - The company’s GAAP loss per share for the fourth quarter was 6 cents, compared to a loss of $1.27 in the year-ago quarter [1] - Adjusted earnings for fiscal 2025 were $3.32 per share, reflecting an 8.5% increase from $3.06 in fiscal 2024 [1] Revenue Performance - UGI's total revenues for the fourth quarter were $1.20 billion, missing the Zacks Consensus Estimate of $1.72 billion by 30.5%, and decreased 3.6% from $1.24 billion in the year-ago quarter [2] - For fiscal 2025, total revenues reached $7.29 billion, a slight increase of 1.1% from $7.21 billion in fiscal 2024 [2] Investment and Expenses - The company invested $882 million in fiscal 2025, with 80% allocated to the natural gas business, primarily in regulated utilities [3] - Interest expenses rose to $106 million from $98 million in the year-ago quarter [3] - Earnings before interest expense and income tax for the fourth quarter were $19 million, a significant improvement from a loss of $256 million in the previous year [3] Segment Performance - AmeriGas Propane reported operating income before interest expense and income taxes of $166 million in fiscal 2025, up 16.9% from the previous year [4] - UGI International's EBIT was $314 million, down 2.8% from the year-ago level [4] - Midstream & Marketing's EBIT declined 6.4% to $293 million [4] - UGI Utilities reported EBIT of $403 million, a slight increase of 0.8% from the previous year [4] Future Guidance - UGI anticipates adjusted earnings for fiscal 2026 to be in the range of $2.90-$3.15 per share, with the Zacks Consensus Estimate at $3.21 [5] - The company plans to invest between $1 billion and $1.1 billion in fiscal 2026 to strengthen operations [5] - UGI expects a long-term earnings growth rate of 5-7% and plans to invest $4.5 billion to $4.9 billion during fiscal 2026-2029 [5][6]

Earnings Report - Symbotic Inc. is set to release its fourth-quarter earnings results on November 24, with analysts expecting earnings of 8 cents per share, a significant decrease from 47 cents per share in the same period last year [1] - The consensus estimate for quarterly revenue is $604 million, compared to $576.77 million in the previous year [1] Recent Performance - In the third quarter, Symbotic reported an EPS miss and provided fourth-quarter sales guidance that fell below estimates [2] - The company's shares increased by 1.4%, closing at $54.72 on Thursday [2] Analyst Ratings - UBS analyst Damian Karas downgraded the stock from Neutral to Sell, raising the price target from $27 to $35 [4] - DA Davidson analyst Matt Summerville downgraded the stock from Buy to Neutral, increasing the price target from $35 to $47 [4] - Needham analyst James Ricchiuti maintained a Buy rating and raised the price target from $32 to $57 [4] - Oppenheimer analyst Colin Rusch maintained an Outperform rating, increasing the price target from $54 to $59 [4] - Northland Capital Market analyst Michael Latimore maintained an Outperform rating and raised the price target from $35 to $56 [4]

Core Insights - Post Holdings reported revenue of $2.25 billion for the quarter ended September 2025, reflecting an 11.8% increase year-over-year and matching the Zacks Consensus Estimate, with an EPS of $2.09 compared to $1.53 in the previous year [1] - The company achieved an EPS surprise of +8.85%, exceeding the consensus estimate of $1.92 [1] Revenue Performance - Net Sales for Weetabix reached $145 million, surpassing the average estimate of $141.04 million, marking a year-over-year increase of +3.6% [4] - Net Sales for Post Consumer Brands were $1.16 billion, below the estimated $1.24 billion, but still showing a +10.6% change compared to the previous year [4] - Foodservice net sales amounted to $718 million, exceeding the average estimate of $637.73 million, with a year-over-year increase of +20.5% [4] - Refrigerated Retail net sales were $228.2 million, slightly below the estimated $232.5 million, reflecting a +0.8% change year-over-year [4] EBITDA Analysis - Adjusted EBITDA for Post Consumer Brands was $208 million, lower than the average estimate of $227.48 million [4] - Weetabix's Adjusted EBITDA was $32.6 million, slightly below the estimate of $33.75 million [4] - Foodservice Adjusted EBITDA reached $161.1 million, significantly above the estimated $127.83 million [4] - Corporate/Other Adjusted EBITDA was reported at -$21.9 million, better than the average estimate of -$23.67 million [4] - Refrigerated Retail Adjusted EBITDA was $45.6 million, exceeding the estimate of $36.63 million [4] Stock Performance - Over the past month, shares of Post Holdings have returned -1.8%, compared to a -0.3% change in the Zacks S&P 500 composite [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 - Veeva Systems reported a revenue of $811.24 million for the quarter ended October 2025, reflecting a 16% increase year-over-year and surpassing the Zacks Consensus Estimate of $791.88 million by 2.44% [1] - The company's EPS for the quarter was $2.04, up from $1.75 in the same quarter last year, exceeding the consensus EPS estimate of $1.95 by 4.62% [1] Revenue Breakdown - Subscription services revenue reached $682.5 million, exceeding the average estimate of $671.02 million, with a year-over-year growth of 17.5% [4] - Professional services and other revenue totaled $128.74 million, surpassing the average estimate of $120.86 million, marking an 8.8% increase year-over-year [4] - Veeva R&D Solutions generated $81.28 million in revenue, exceeding the average estimate of $74.66 million, representing a 12.1% year-over-year increase [4] - Subscription services from Veeva R&D Solutions amounted to $364.85 million, above the average estimate of $361.28 million, with a year-over-year growth of 20.6% [4] - Veeva Commercial Solutions' subscription services revenue was $317.65 million, exceeding the average estimate of $309.72 million, reflecting a 14.1% increase year-over-year [4] - Professional services and other revenue from Veeva Commercial Solutions reached $47.46 million, surpassing the average estimate of $46.26 million, with a year-over-year change of 3.5% [4] Margin Analysis - Non-GAAP Gross Margin for Professional services and other was reported at 29.8%, below the average estimate of 31.8% [4] - Non-GAAP Gross Margin for Subscription services was 86.6%, slightly above the average estimate of 85.9% [4] Stock Performance - Veeva's shares have returned -5.8% over the past month, compared to a -0.3% change in the Zacks S&P 500 composite [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 - Griffon Corporation reported fourth-quarter fiscal 2025 adjusted earnings of $1.54 per share, missing the Zacks Consensus Estimate of $1.56, but showing a year-over-year increase of 4.8% [1] - Total revenues reached $662.2 million, exceeding the consensus estimate of $630 million, and reflecting a year-over-year increase of 0.4% [1] Segmental Performance - **Home and Building Products**: This segment accounted for 63.5% of net revenues, generating $420.3 million, a 3% year-over-year increase, driven by favorable pricing and mix, despite lower residential volume. Adjusted EBITDA for this segment was $129.3 million, up 0.4% year over year [2] - **Consumer and Professional Products**: Representing 36.5% of revenues, this segment reported $241.9 million, down 4% year over year, primarily due to an 8% volume reduction linked to decreased consumer demand in the US and UK, although pricing and mix positively impacted revenues by 4% [3] Margin Profile - The cost of sales decreased by 2.6% year over year to $385.9 million, while selling, general, and administrative expenses rose by 3.6% to $157.3 million. The adjusted gross margin improved to 41.7% from 41.1% in the previous year [5] Balance Sheet & Cash Flow - At the end of the fiscal fourth quarter, Griffon had cash and cash equivalents of $99 million, down from $114.4 million a year earlier. Long-term debt decreased to $1.40 billion from $1.52 billion [6] - The company generated net cash of $357.4 million from operating activities, compared to $380 million in the prior year [6] Shareholder Returns - Griffon paid out dividends totaling $39.7 million and repurchased shares worth $183.3 million during the quarter, with $298 million remaining under the share repurchase program. Free cash flow for fiscal 2025 was $323 million, slightly down from $326.1 million in the previous year [7] Outlook - For fiscal 2026, management projects net sales of $2.5 billion and segment adjusted EBITDA between $580 million and $600 million. The Home and Building Products segment is expected to maintain a margin above 30%, while the Consumer and Professional Products segment's EBITDA margin is projected at around 10% [8]

Core Insights - Bullish (BLSH) reported third-quarter 2025 earnings of 10 cents per share, a significant improvement from a loss of 59 cents per share in the same quarter last year [1] - Total adjusted revenues increased by 72% year over year to $76.5 million, with a sequential increase of 34%, primarily driven by strong growth in Subscription, Services & Other (SS&O) revenues [1][8] - BLSH shares rose by 0.96% in pre-market trading [1] Q3 Top-Line Details - Adjusted Transaction Revenues, accounting for 34.9% of total revenues, decreased by 18.84% year over year to $26.7 million [2] - Digital asset sales fell significantly from $54.2 billion in the previous year to $41.6 billion [2] - SS&O revenues reached $49.8 million in Q3 2025, representing over 50% sequential growth and over 300% year-over-year growth [2] Q3 Operating Details - Adjusted operating expenses for Q3 2025 were $47.9 million, an increase of 29.8% year over year, but a decline of 2% sequentially [3] - Adjusted net income for Q3 2025 was $13.8 million, compared to a loss of $3.1 million in the same quarter last year [3] - Adjusted EBITDA was $28.6 million, reflecting a 271% year-over-year increase and a 253% sequential increase [3] Balance Sheet Details - As of September 30, 2025, BLSH had total cash and cash equivalents of $69.3 million, up from $36 million as of June 30, 2025 [4] Q4 Guidance - For Q4 2025, Bullish expects Subscription, Services & Other revenues to be between $47.0 million and $53.0 million [5] - Adjusted Operating Expenses are anticipated to be between $48.0 million and $50.0 million [5]

Core Insights - Chubb Limited reported strong Q3 2025 earnings, with core operating income of $7.49 per share, exceeding estimates by 26% and reflecting a year-over-year increase of 30.9% [2][3] - The company's net premiums written rose 7.5% year over year to $14.8 billion, surpassing both internal and consensus estimates [3][4] - Chubb's P&C underwriting income increased significantly by 55% year over year to $2.2 billion, also exceeding consensus estimates [4][5] Financial Performance - Total revenues for the quarter reached $16.1 billion, beating consensus estimates by 1.6% and showing a year-over-year growth of 7.4% [3] - Pre-tax net investment income was reported at $1.65 billion, up 9.3% year over year, although it fell short of estimates [3][4] - The P&C combined ratio improved by 590 basis points year over year to 81.8%, indicating better underwriting performance [5] Segment Analysis - North America Commercial P&C Insurance saw net premiums written increase by 2.9% to $5.6 billion, with a combined ratio improvement of 500 bps to 81.5% [6] - The North America Personal P&C Insurance segment reported an 8.1% increase in net premiums written to $1.8 billion, with a significant combined ratio improvement of 1,620 bps to 65.1% [6] - Life Insurance premiums rose 24.6% year over year to $1.93 billion, with segment income increasing by 13.9% in constant dollars [9][10] Capital Management - Chubb Limited repurchased shares worth $1.23 billion and paid $385 million in dividends during the quarter [13] - The company's cash balance as of September 30, 2025, was $2.4 billion, a decrease of 3.7% from the end of 2024 [11] Market Position - Chubb holds a Zacks Rank 3 (Hold), indicating expectations for an in-line return in the coming months [16] - The company has a subpar Growth Score of D and a Value Score of B, placing it in the second quintile for value investors [15]

Core Viewpoint - EQT Corporation reported strong third-quarter earnings, with adjusted earnings per share of 52 cents, surpassing estimates, while revenues increased year-over-year but fell short of consensus expectations [3][4]. Financial Performance - Adjusted operating revenues rose to $1,753 million from $1,383 million year-over-year, although it missed the Zacks Consensus Estimate of $1,804 million [3]. - The company’s adjusted operating cash flow reached $1.22 billion, significantly up from $522 million a year ago, and free cash flow improved to $601 million from a negative $121 million [10]. Production and Sales - Sales volume increased to 634 billion cubic feet equivalent (Bcfe) from 581 Bcfe year-over-year, but it was below the estimate of 638 Bcfe [6]. - Natural gas sales volume was 596 Bcf, up from 547 Bcf, yet it also fell short of the estimate of 604 Bcf [6]. - Total liquid sales volume rose to 6,459 thousand barrels (MBbls) from 5,699 MBbls, exceeding the projection of 5,748 MBbls [6]. Commodity Prices - The average realized price for natural gas equivalent was $2.76 per thousand cubic feet (Mcfe), up from $2.38 year-over-year [7]. - The average natural gas price, including cash-settled derivatives, increased to $2.66 per Mcf from $2.23 [7]. - However, oil prices declined to $49.12 per barrel from $61.25 year-over-year, missing the estimate of $50.07 [8]. Expenses - Total operating expenses decreased to $1.36 billion from $1.57 billion year-over-year [9]. - Gathering expenses fell to 6 cents per Mcfe from 20 cents, and transmission expenses decreased to 40 cents per Mcfe from 43 cents [9]. Dividend Announcement - EQT declared a quarterly cash dividend of 16.50 cents per share for Q3 2025, reflecting a sequential increase of approximately 5%, payable on December 1, 2025 [5]. Capital Expenditures and Balance Sheet - Total capital expenditure was $618 million, up from $558 million year-over-year [11]. - As of September 30, 2025, the company had cash and cash equivalents of $236 million and net debt of $7.98 billion [11]. Guidance - For Q4 2025, EQT expects total sales volume between 550 and 600 Bcfe and has updated its total sales volume forecast for 2025 to 2,325-2,375 Bcfe [12]. - Projected capital expenditures for Q4 are between $635-$735 million, with full-year expectations of $2,300-$2,400 million [12]. Market Sentiment - There has been a downward trend in estimates, with the consensus estimate shifting down by 13.89% [13]. - EQT currently holds a Zacks Rank 3 (Hold), indicating an expectation of an in-line return in the coming months [15].