Group 1: ADP Private-Sector Payroll Report - The ADP private-sector payroll report for October shows an increase of +42K new positions, exceeding expectations by +20K and marking a positive shift from a revised -29K the previous month [2][3] - Despite the positive report, the American labor market is in decline, averaging only +29K new jobs over the last four months compared to +53K and +197K in the previous two four-month periods [3] - Job growth was driven by large firms (over 500 employees) which added +73K jobs, while small and medium-sized companies experienced negative growth [4] Group 2: Industry Breakdown - The Trade/Transportation/Utilities sector led job growth with an increase of +47K, followed by Education/Healthcare at +26K, while Leisure/Hospitality and Professional/Business Services saw declines of -6K and -15K respectively [5] - Wage gains for job stayers averaged +4.5%, while job changers saw an increase of +6.7%, indicating a narrowing gap in wage growth between the two groups [6] Group 3: Q3 Earnings Results - McDonald's reported earnings of $3.22 per share, missing estimates of $3.35, but same-store sales rose +3.6%, leading to a +3% increase in pre-market trading [7] - Humana posted earnings of $3.24 per share, beating expectations by +11.34%, but lowered guidance resulted in a -5.5% drop in shares [8] - Aurora Cannabis achieved a significant earnings surprise with $0.09 per share compared to the anticipated $0.03, and revenues reached a record $70.5 million, up +15% year over year, resulting in a +9% increase in pre-market shares [9]

Core Viewpoint - Constellation Brands has experienced a decline in share price by approximately 7.8% since its last earnings report, raising questions about the potential for continued negative trends or a possible breakout before the next earnings release [1] Financial Performance - The company reported second-quarter fiscal 2026 results, with both sales and earnings surpassing the Zacks Consensus Estimate despite year-over-year declines due to weak consumer demand [2] - Comparable earnings per share (EPS) were $3.63, down 16% year over year, but exceeded the Zacks Consensus Estimate of $3.37. Reported EPS was $2.65, compared to a loss of $6.59 in the same quarter last year [3] - Net sales decreased by 15% year over year to $2.48 billion, slightly above the Zacks Consensus Estimate of $2.46 billion. Organic net sales fell by 8% year over year [3] Segment Performance - Sales in the beer segment fell 7% year over year to $2.35 billion, driven by an 8.7% decline in shipment volumes due to socioeconomic headwinds and distributor inventory rebalancing. Depletions decreased by 2.7%, with notable declines in Modelo Especial, Corona Extra, and Modelo Chelada brands, partially offset by growth in Pacifico and Victoria [4] - The wine and spirits segment saw a significant decline of 65% year over year in sales, dropping to $136 million, primarily due to a 76.4% decrease in shipment volumes linked to divestitures and changes in distributor obligations. However, depletions in this segment grew nearly 2% [5] Margin Analysis - Comparable operating income for the company was $886.2 million, down from $1,019.1 million in the prior-year quarter, attributed to weak performance across beer, wine, and spirits businesses [6] - The beer segment's operating income fell 12% year over year to $951.6 million, with an operating margin contraction of 200 basis points to 40.6%, influenced by higher costs of goods sold (COGS) and increased marketing expenses [7] - The wine and spirits segment reported an operating loss of $19.8 million, a significant decline from an operating income of $70.5 million in the previous year, with margins affected by divestitures and changes in distributor contractual obligations [8]

Core Insights - Teradata's stock surged 26.5% following a strong Q3 earnings report, exceeding analyst expectations for both earnings and revenue [1] - The company reported adjusted earnings of $0.72 per share on revenue of $416 million, surpassing forecasts of $0.54 per share and $406.3 million in revenue [1][3] - Despite the positive adjusted earnings, GAAP earnings were only $0.42 per share, although this represented a 27% year-over-year increase [3] Financial Performance - Free cash flow for the quarter increased to $88 million, indicating strong cash generation [3][4] - Revenue of $416 million, while better than expected, was down 5% year-over-year, and recurring revenue decreased by 2% [3] - Management provided guidance indicating a potential revenue decline of 2% to 4% year-over-year, with recurring revenue expected to fall by 1% to 3% [5] Future Outlook - Teradata's management anticipates GAAP profit for the full year to be between $1.22 and $1.26 per share, with free cash flow projected between $260 million and $280 million [6] - The current stock price of $26 results in a P/E ratio of approximately 21 and a price-to-free-cash-flow ratio of about 9.2, suggesting the stock remains undervalued [6]

Core Insights - DigitalOcean Holdings, Inc. reported revenue of $229.63 million for Q3 2025, marking a year-over-year increase of 15.7% and exceeding the Zacks Consensus Estimate by 1.37% [1] - The company achieved an EPS of $0.54, which is an increase from $0.52 a year ago, and surpassed the consensus EPS estimate of $0.50 by 8% [1] Financial Performance - The reported revenue of $229.63 million represents a positive surprise compared to the expected $226.53 million [1] - The EPS of $0.54 reflects a year-over-year growth, indicating improved profitability [1] Key Metrics - Net Dollar Retention Rate was reported at 99%, slightly below the estimated 99.5% [4] - Total Customers reached 640,000, which is lower than the average estimate of 678,244 [4] - Annual Run-Rate Revenue (ARR) was $919 million, exceeding the estimated $906.38 million [4] Stock Performance - DigitalOcean's shares have returned +1.4% over the past month, outperforming the Zacks S&P 500 composite's +1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Core Insights - Coterra Energy Inc. (CTRA) reported third-quarter 2025 adjusted earnings per share of 39 cents, missing the Zacks Consensus Estimate of 41 cents, primarily due to weaker oil and NGL realizations and a 30.1% increase in operating expenses, although the earnings improved from 30 cents in the same quarter last year [1][2] Financial Performance - Operating revenues for Coterra reached $1.8 billion, exceeding the Zacks Consensus Estimate by $60 million, driven by stronger-than-expected oil, NGL, and other revenues, despite a 33.7% decrease from the previous year due to lower contributions from derivative gains [2] - Cash flow from operations increased by 28.6% to $971 million, supporting a free cash flow of $533 million for the quarter [12][10] - The company declared a quarterly cash dividend of 22 cents per share, consistent with the previous quarter, to be paid on November 26, 2025 [3] Production and Pricing - Average daily production rose 17.3% year-over-year to 785 thousand barrels of oil equivalent (Mboe), surpassing the Zacks Consensus Estimate of 781 Mboe [6] - Oil production increased by 50.3% to 166.8 thousand barrels (MBbl) per day, slightly exceeding the consensus estimate, while natural gas production decreased by 7.3% to 2,894.6 million cubic feet (Mmcf) per day, falling short of expectations [7] - The average realized price for crude oil was $64.10 per barrel, a 13.4% decrease from the prior year, while the average realized natural gas price rose to $1.95 per thousand cubic feet [8][9] Costs and Expenses - Total operating expenses increased to $1,347 million from $1,035 million in the prior year, driven by higher costs including a 10.3% rise in depreciation, depletion, and amortization expenses [11] - The average unit cost rose to $19.33 per barrel of oil equivalent from $16.96 the previous year [10] Financial Position - As of September 30, 2025, Coterra had $98 million in cash and cash equivalents, with total liquidity of approximately $2.1 billion and a long-term debt of $4.2 billion, resulting in a debt-to-capitalization ratio of 20% [13] Guidance - Coterra expects 2025 capital expenditures of roughly $2.3 billion and has raised its full-year production outlook to 772-782 Mboepd, with specific fourth-quarter guidance indicating continued operational strength [14][15]

Group 1: Insulet Corporation - Insulet Corporation, a maker of wearable devices for insulin management, was named as a final trade by Joseph Terranova from Virtus Investment Partners [1] - Stifel analyst Jonathan Block reinstated Insulet with a Buy rating and set a price target of $370 [1] - Insulet shares rose 0.5% to close at $320.27 on Tuesday [5] Group 2: Uber Technologies, Inc. - Uber reported a 20% year-over-year revenue growth to $13.47 billion, surpassing the analyst consensus estimate of $13.28 billion [2] - The company reported adjusted EPS of 81 cents, beating the analyst consensus estimate of 69 cents [2] - Uber shares dipped 5.1% to close at $94.67 during the session [5] Group 3: Apollo Global Management - Apollo Global Management reported adjusted earnings per share of $2.17, beating the consensus estimate of $1.91 [3] - The company reported sales of $9.82 billion, significantly exceeding the consensus estimate of $5.02 billion [3] - Apollo Global Management shares gained 5.3% to close at $130.51 on Tuesday [5]

Core Insights - Nu Skin Enterprises, Inc. is expected to report a decline in revenue for the third quarter of 2025, with the Zacks Consensus Estimate at $374.2 million, reflecting a 13% decrease from the previous year [1] - Earnings per share are projected to remain unchanged at 30 cents, indicating a significant increase of 76.5% compared to the same quarter last year [1] Revenue Challenges - The company is facing ongoing revenue pressure due to macroeconomic and operational challenges, particularly in mature markets such as North America, China, and parts of Southeast Asia, where consumer sentiment is weak [2][10] - A decline in affiliate and customer counts has further limited sales momentum [2] Operational Efficiency - Despite revenue challenges, Nu Skin's earnings are anticipated to benefit from improved operational efficiency and cost management initiatives under Project Accelerate [3] - The company is achieving structural savings through portfolio optimization, selling-expense realignment, and transitioning to shared service and digital infrastructure models [3] Margin Improvement - Consistent margin improvement has allowed the company to maintain profitability despite declining sales volumes [4] - Favorable shifts in the product mix and prudent expense control are expected to support earnings in the third quarter [4][5] Future Outlook - While revenue pressures are likely to persist, the company's enhanced cost structure and operational optimization initiatives are expected to support earnings growth and lay the groundwork for a gradual recovery [5]

Core Insights - Upstart Holdings, Inc. reported a revenue of $277.11 million for the quarter ended September 2025, marking a year-over-year increase of 70.9% and an EPS of $0.52 compared to -$0.06 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of $281.02 million by 1.39%, while the EPS exceeded the consensus estimate of $0.42 by 23.81% [1] Financial Performance Metrics - Transaction Volume was reported at $2.85 million, below the average estimate of $3.2 million based on three analysts [4] - Revenue from fees, net was $258.54 million, compared to the average estimate of $275.62 million based on four analysts, reflecting a year-over-year change of +76.2% [4] - Revenue from servicing and other fees, net was $41.66 million, versus the estimated $46.11 million, showing a +24.8% change year-over-year [4] - Revenue from platform and referral fees, net was $216.88 million, compared to the estimated $230.22 million, representing a +61.6% change year-over-year [4] Stock Performance - Upstart's shares have returned -9.6% over the past month, contrasting with the Zacks S&P 500 composite's +2.1% 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 - American Financial Group (AFG) reported a revenue of $2.25 billion for the quarter ended September 2025, reflecting a decrease of 1.5% year-over-year, while EPS increased to $2.69 from $2.31 in the same quarter last year, indicating a positive growth in earnings [1] - The reported revenue exceeded the Zacks Consensus Estimate of $2.06 billion by 8.87%, and the EPS surpassed the consensus estimate of $2.35 by 14.47% [1] Financial Performance Metrics - AFG's shares have returned -11.7% over the past month, contrasting with the Zacks S&P 500 composite's increase of 2.1%, and the stock currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance in the near term [3] - In the Property and Transportation segment, the Loss and LAE Ratio was reported at 77.8%, better than the average estimate of 78.3% [4] - The Underwriting Expense Ratio for Property and Transportation was 16.3%, outperforming the estimated 18.4% [4] - The Combined Ratio for Property and Transportation stood at 94.1%, lower than the average estimate of 96.7% [4] - In the Specialty Casualty segment, the Loss and LAE Ratio was 66.8%, worse than the average estimate of 64.8% [4] - The Underwriting Expense Ratio for Specialty Casualty was reported at 29%, exceeding the estimated 27.4% [4] - The Combined Ratio for Property and Casualty - Specialty was 93%, better than the average estimate of 94.2% [4] - The Underwriting Expense Ratio for Specialty Financial was 49.3%, higher than the estimated 46.3% [4] - The net earned premium for Property and Transportation was $576 million, significantly below the average estimate of $755.54 million, representing a year-over-year decline of 41.3% [4] - The net earned premium for Specialty Casualty was $810 million, surpassing the estimated $784.04 million, with an 8.9% increase year-over-year [4] - Total net earned premiums amounted to $2.01 billion, compared to the estimated $1.86 billion, reflecting a 2% decrease year-over-year [4] - Net investment income was reported at $205 million, exceeding the estimated $191.38 million, with a year-over-year increase of 2.5% [4] - The net earned premium for Specialty Financial was $268 million, slightly below the average estimate of $276.54 million, indicating a year-over-year change of -0.4% [4]

Core Insights - Postal Realty Trust (PSTL) reported a revenue of $24.33 million for the quarter ended September 2025, marking a year-over-year increase of 23.7% and exceeding the Zacks Consensus Estimate by 0.8% [1] - The earnings per share (EPS) for the same period was $0.33, compared to $0.03 a year ago, representing a surprise of 6.45% over the consensus estimate of $0.31 [1] Revenue Breakdown - Rental income was reported at $23.69 million, surpassing the three-analyst average estimate of $23.43 million, with a year-over-year change of 26.2% [4] - Fee and other revenues were $0.63 million, slightly below the estimated $0.7 million, reflecting a year-over-year decline of 29.2% [4] Stock Performance - Over the past month, shares of Postal Realty Trust have returned -1%, while the Zacks S&P 500 composite has increased by 2.1% [3] - The stock currently holds a Zacks Rank 2 (Buy), suggesting potential outperformance against the broader market in the near term [3]