Core Viewpoint - United Airlines (UAL) is expected to report its fourth-quarter 2025 results on January 20, with earnings per share (EPS) estimates showing a decline compared to the previous year, while revenues are projected to increase slightly [1][11]. Financial Performance Expectations - The Zacks Consensus Estimate for UAL's fourth-quarter 2025 earnings has decreased by 7.6% over the past 60 days to $3.05 per share, indicating a 6.4% decline from fourth-quarter 2024 actuals [1][11]. - Revenue estimates for the same quarter are set at $15.44 billion, reflecting a 5.04% increase from fourth-quarter 2024 actuals [1][11]. Historical Performance - UAL has a positive earnings surprise history, having exceeded the Zacks Consensus Estimate in the last four quarters, with an average beat of 8.8% [2]. Factors Influencing Q4 Performance - The anticipated performance boost for UAL in the upcoming quarter is attributed to an increase in total revenues, primarily driven by high passenger revenues as domestic air travel demand stabilizes [3]. - Upbeat passenger volumes during the Thanksgiving holiday period are expected to contribute positively to the top-line performance, with passenger revenues estimated to rise by 5.5% from fourth-quarter 2024 actuals [4]. Challenges Facing UAL - Geopolitical uncertainty, tariff-related pressures, and persistent inflation are likely to negatively impact UAL's operations, potentially causing volatility in passenger traffic and limiting the airline's ability to maintain strong yields and consistent revenue growth [5]. Earnings Prediction Model - Current models do not predict an earnings beat for UAL, as the company has an Earnings ESP of -3.56% and a Zacks Rank of 3 (Hold) [6][7].

Core Insights - The Bank of New York Mellon Corporation (BK) is expected to report fourth-quarter and 2025 results on January 13, with anticipated year-over-year increases in revenues and earnings [1][9]. Financial Performance - In the last reported quarter, BK's earnings exceeded the Zacks Consensus Estimate, driven by increased fee revenues and net interest income (NII), along with a provision benefit [2]. - The consensus estimate for fourth-quarter earnings is $1.97 per share, reflecting a 14.5% increase from the previous year [3]. - The 2025 earnings estimate is $7.40 per share, indicating a year-over-year growth of 22.7% [4]. Revenue Estimates - The consensus estimate for total investment services fees is $2.61 billion, suggesting a 7.1% increase from the previous year [5]. - Financing-related fees are estimated at $56 million, indicating a 5.7% year-over-year rise [5]. - Total fees and other revenues are projected at $3.85 billion, reflecting a 5.3% increase from the prior year [7]. Net Interest Income (NII) - The consensus estimate for NII is $1.27 billion, indicating a 6.5% year-over-year rise, supported by robust loan growth and stable funding costs despite recent interest rate cuts [10]. - Management expects fourth-quarter 2025 NII to remain flat sequentially, with full-year NII projected to rise 12% year-over-year [10]. Expense Outlook - Overall expenses are expected to increase due to inflationary pressures and technology upgrades, with fourth-quarter non-interest expenses estimated at $3.34 billion, suggesting a marginal year-over-year decline [11]. - For 2025, expenses are expected to rise 3% from $12.5 billion in 2024, driven by higher revenue-related expenses and continued investments [12]. Earnings Surprise Potential - BNY Mellon has a strong earnings surprise history, with an average beat of 9.1% over the last four quarters [3]. - The Earnings ESP for BNY Mellon is +1.25%, indicating a high likelihood of beating the Zacks Consensus Estimate [13]. - The company currently holds a Zacks Rank 2 (Buy) [14].

Core Viewpoint - BlackRock is expected to report improved fourth-quarter and 2025 results on January 15, with year-over-year growth in revenues and earnings anticipated [1][9]. Group 1: Earnings and AUM Performance - BlackRock's third-quarter 2025 earnings exceeded the Zacks Consensus Estimate, benefiting from increased revenues and a record high in assets under management (AUM) of $13.46 trillion, driven by net inflows [1][2]. - The Zacks Consensus Estimate for total fourth-quarter AUM is projected at $13.99 trillion, reflecting a year-over-year increase of 21.1%, while the company's own estimate is $14.06 trillion [4]. - The consensus estimate for fourth-quarter earnings is $12.41 per share, indicating a 4% increase from the previous year, while the estimate for 2025 earnings is $47.37, suggesting an 8.6% year-over-year growth [12]. Group 2: Revenue Components - BlackRock is expected to see growth in investment advisory, administration fees, and securities-lending revenues, with the consensus estimate for total revenues at $5.30 billion, representing a 19.9% year-over-year rise [5]. - The consensus estimate for investment advisory performance fees is $478 million, indicating a 6% year-over-year increase, while distribution fees are estimated at $372 million, reflecting a 15.5% rise [6]. - Technology services revenues are projected at $529 million, implying a 23.6% year-over-year increase, and advisory and other revenues are estimated at $65 million, indicating a 10.2% rise [7]. Group 3: Expenses and Restructuring - BlackRock's total expenses are expected to rise to $4.40 billion in the fourth quarter, suggesting a year-over-year increase of 22.1, driven by restructuring initiatives and inorganic expansion efforts [8][10]. - The company anticipates a low-teen percentage increase in core general and administrative expenses for 2025, primarily due to the onboarding of Global Infrastructure Partners, Preqin, and HPS [10]. Group 4: Market Position and Future Outlook - BlackRock maintains a strong position in the ETF market, with continued investments in U.S. iShare core ETFs, contributing to consistent AUM growth [3]. - The approval and listing of spot Bitcoin and ether ETFs, along with acquisitions, are expected to further enhance AUM growth [4].

Core Viewpoint - PNC Financial Services Group, Inc. is expected to report improved fourth-quarter and full-year 2025 earnings on January 16, driven by higher revenues and earnings year-over-year [1][11]. Financial Performance - In Q3, PNC's earnings exceeded the Zacks Consensus Estimate, supported by increased net interest income (NII) and fee income, despite higher expenses acting as a headwind [2]. - The company has a strong earnings surprise history, with an average surprise of 8.26% over the last four quarters [2]. Net Interest Income (NII) - The Federal Reserve's interest rate cuts in Q4 are anticipated to ease funding costs, positively impacting PNC's NII, which is expected to rise approximately 1.5% sequentially [3][11]. - The Zacks Consensus Estimate for NII is $3.71 billion, reflecting a sequential increase of nearly 1.7% [4]. Loan and Deposit Activity - Average loans are projected to remain stable or increase by 1% sequentially in Q4 2025, aligning with company guidance [5]. - Demand for various loan types, including commercial and industrial, real estate, and consumer loans, has been solid in the early part of the quarter [4]. Non-Interest Revenues - Mortgage-related revenues are expected to face pressure due to a decline in refinancing activity, with the Zacks Consensus Estimate for residential and commercial mortgage revenues at $139.8 million, indicating a 13.2% sequential decline [6][7]. - Asset management and brokerage income is projected to benefit from increased client engagement, with a consensus estimate of $410.5 million, reflecting a 1.61% sequential rise [8][9]. Capital Markets and Advisory Revenues - Global mergers and acquisitions activity has strengthened, likely improving PNC's capital markets and advisory revenues, with a Zacks Consensus Estimate of $427.91 million, indicating a nearly 1% sequential decline [10][12]. Expenses and Asset Quality - Non-interest expenses are expected to rise by 1%–2% sequentially, driven by investments in technology and digitalization, with an estimate of $3.52 billion [13][14]. - Management anticipates net charge-offs to be between $200 million and $225 million, up from $179 million in Q3 2025, indicating a cautious approach to asset quality [14][15]. Earnings Expectations - The Zacks Consensus Estimate for Q4 earnings per share has been revised upward to $4.23, representing a year-over-year increase of 12.2% [17]. - Total revenues are expected to show a 7.1% year-over-year increase, with projections for Q4 revenues at $5.96 billion [17]. 2025 Outlook - For the full year 2025, PNC anticipates a 6.5% year-over-year increase in NII and a 1% rise in average loans to $319.8 billion [18]. - Non-interest income is expected to grow by 4%–5% year-over-year from $8.1 billion reported in 2024, with total revenue projected to rise 6% year-over-year from $21.6 billion [19]. Recent Developments - PNC recently completed the acquisition of FirstBank Holding Company, adding approximately $26.8 billion in assets and significantly expanding its branch network in Colorado and Arizona [20][21].

Core Viewpoint - Ford Motor Company is positioned well to potentially beat earnings estimates in its upcoming quarterly report, supported by a strong history of exceeding expectations [1]. Earnings Performance - In the last reported quarter, Ford Motor achieved earnings of $0.45 per share, surpassing the Zacks Consensus Estimate of $0.38 per share, resulting in a surprise of 18.42% [2]. - In the previous quarter, the company was expected to report earnings of $0.34 per share but delivered $0.37 per share, leading to a surprise of 8.82% [2]. Earnings Estimates - There has been a favorable change in earnings estimates for Ford Motor, with a positive Zacks Earnings ESP (Expected Surprise Prediction), indicating a strong likelihood of an earnings beat [5]. - The current Earnings ESP for Ford Motor is +112.88%, suggesting that analysts have recently become more optimistic about the company's earnings prospects [8]. Predictive Metrics - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [6]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [7].

Core Viewpoint - Aptiv PLC (APTV) is positioned well to continue its trend of beating earnings estimates in upcoming quarterly reports [1]. Earnings Performance - Aptiv has a strong history of surpassing earnings estimates, averaging a 19.16% beat over the last two quarters [2]. - In the most recent quarter, Aptiv reported earnings of $2.17 per share, exceeding the expected $1.81 per share by 19.89% [2]. - For the previous quarter, the company reported $2.12 per share against an estimate of $1.79 per share, resulting in an 18.44% surprise [2]. Earnings Estimates and Predictions - Recent changes in earnings estimates for Aptiv have been favorable, with a positive Earnings ESP (Expected Surprise Prediction) indicating potential for another earnings beat [5]. - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [6]. - Aptiv currently has an Earnings ESP of +11.44%, suggesting analysts are optimistic about the company's earnings prospects [8]. Upcoming Earnings Report - The next earnings report for Aptiv is expected to be released on February 2, 2026 [8].

Core Insights - Enphase Energy (ENPH) has consistently beaten earnings estimates, with an average surprise of 28.23% over the last two quarters [1][2] Earnings Performance - For the most recent quarter, Enphase Energy reported earnings of $0.90 per share, exceeding the expected $0.62 per share by 45.16% [2] - In the previous quarter, the company reported $0.69 per share against an estimate of $0.62 per share, resulting in an 11.29% surprise [2] Earnings Estimates and Predictions - Recent estimates for Enphase Energy have been increasing, with a positive Earnings ESP (Expected Surprise Prediction) indicating a strong potential for an earnings beat [5][8] - The current Earnings ESP for Enphase Energy is +10.63%, suggesting analysts are optimistic about its near-term earnings potential [8] Zacks Rank and Predictive Power - Enphase Energy holds a Zacks Rank of 3 (Hold), which, when combined with a positive Earnings ESP, indicates a high likelihood of beating consensus estimates [5][8] - Stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [6]

Core Viewpoint - Kinross Gold (KGC) is positioned to continue its earnings-beat streak, having recently surpassed earnings estimates in its last two reports with an average surprise of 23.08% [1] Earnings Performance - For the most recent quarter, Kinross Gold reported earnings of $0.44 per share, exceeding the expected $0.39 per share, resulting in a surprise of 12.82% [2] - In the previous quarter, the company also beat expectations, reporting $0.44 per share against a consensus estimate of $0.33 per share, which was a surprise of 33.33% [2] Earnings Estimates and Predictions - Recent estimates for Kinross Gold have been revised upward, with a positive Earnings ESP (Expected Surprise Prediction) indicating a strong potential for another earnings beat [5] - The current Earnings ESP for Kinross Gold is +4.00%, reflecting increased analyst optimism regarding its near-term earnings potential [8] Zacks Rank and Predictive Power - Kinross Gold holds a Zacks Rank of 1 (Strong Buy), which, when combined with its positive Earnings ESP, suggests a high likelihood of another earnings beat [8] - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have historically produced positive surprises nearly 70% of the time [6]

Core Viewpoint - Arch Capital Group (ACGL) is positioned well to continue its trend of beating earnings estimates in the upcoming quarterly report, supported by a strong history of performance in the property and casualty insurance industry [1]. Earnings Performance - Arch Capital has consistently beaten earnings estimates, with an average surprise of 19.09% over the last two quarters [2]. - In the last reported quarter, Arch Capital achieved earnings of $2.77 per share, surpassing the Zacks Consensus Estimate of $2.19 per share by 26.48%. In the previous quarter, the company reported earnings of $2.58 per share against an expectation of $2.31 per share, resulting in an 11.69% surprise [3]. Earnings Estimates and Predictions - Recent estimates for Arch Capital have been increasing, indicating a positive outlook for future earnings. The Zacks Earnings ESP (Expected Surprise Prediction) for the company is currently positive, suggesting a strong likelihood of another earnings beat [6]. - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have historically produced a positive surprise nearly 70% of the time, indicating a high probability of beating consensus estimates [7]. Earnings ESP and Zacks Rank - Arch Capital has an Earnings ESP of +3.04%, reflecting a bullish sentiment among analysts regarding its near-term earnings potential. This positive Earnings ESP, combined with a Zacks Rank of 3 (Hold), suggests that another earnings beat may be imminent [9].

Core Insights - General Dynamics (GD) has consistently beaten earnings estimates and is well-positioned for future earnings reports [1][5] - The average surprise for the last two quarters was 4.10%, with specific surprises of 4.02% and 4.18% in the last two quarters [2][5] Earnings Performance - For the last reported quarter, General Dynamics earned $3.88 per share, exceeding the Zacks Consensus Estimate of $3.73 per share [2] - In the previous quarter, the company reported earnings of $3.74 per share against an expectation of $3.59 per share [2] Earnings Estimates and Predictions - Estimates for General Dynamics have been trending higher due to its history of earnings surprises [5] - The company currently has an Earnings ESP of +1.11%, indicating a bullish outlook from analysts [8] - A positive Earnings ESP combined with a Zacks Rank of 3 (Hold) suggests a strong possibility of another earnings beat [8] Statistical Insights - Stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [6] - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [7]