Core Viewpoint - Northern Trust Corporation (NTRS) is expected to report quarterly earnings of $2.37 per share, reflecting a year-over-year increase of 4.9%, with revenues projected at $2.07 billion, up 5.8% from the previous year [1]. Earnings Estimates - The consensus EPS estimate has been adjusted upward by 1.3% over the past 30 days, indicating a reassessment by analysts [1]. - Changes in earnings estimates are crucial for predicting investor reactions to the stock [2]. Key Metrics Projections - Analysts estimate 'Wealth Management Trust, Investment and Other Servicing Fees- Global Family Office' at $107.62 million, a 6.9% increase year-over-year [4]. - The total estimate for 'Wealth Management Trust, Investment and Other Servicing Fees' is $580.74 million, indicating a 6.2% year-over-year change [4]. - 'Asset Servicing Trust, Investment and Other Servicing Fees- Custody and Fund Administration' is projected to reach $488.71 million, reflecting a 7% increase year-over-year [5]. - The total for 'Asset Servicing Trust, Investment and Other Servicing Fees' is expected to be $720.83 million, up 6.7% from the previous year [5]. - 'Asset Servicing Trust, Investment and Other Servicing Fees- Securities Lending' is forecasted at $21.54 million, a 5.6% increase year-over-year [6]. - 'Asset Servicing Trust, Investment and Other Servicing Fees- Other' is expected to reach $43.18 million, indicating a 4.6% change from the year-ago quarter [6]. - 'Asset Servicing Trust, Investment and Other Servicing Fees- Investment Management' is estimated at $167.41 million, a 6.7% increase year-over-year [7]. - The 'Tier 1 Leverage Ratio' is projected at 7.6%, down from 8.1% a year ago [7]. - 'Average Balance-Total earning assets' is expected to be $142.52 billion, compared to $133.68 billion in the same quarter last year [8]. - 'Nonaccrual Loans and Leases' are projected at $64.77 million, up from $56.00 million in the same quarter last year [8]. - 'Net Interest Income - FTE Adjusted' is expected to reach $604.24 million, compared to $574.30 million in the previous year [9]. - 'Total Noninterest Income' is projected at $1.47 billion, up from $1.40 billion in the same quarter last year [9]. Stock Performance - Northern Trust shares have increased by 6.3% over the past month, outperforming the Zacks S&P 500 composite, which rose by 2% [10]. - The company holds a Zacks Rank 3 (Hold), indicating it is expected to closely follow overall market performance in the near term [10].

Core Viewpoint - Eastern Bankshares, Inc. (EBC) is expected to report a quarterly earnings per share (EPS) of $0.41, reflecting a year-over-year increase of 20.6%, with revenues projected at $282.41 million, up 25.1% from the previous year [1]. Earnings Projections - The consensus EPS estimate has been revised upward by 1.3% in the last 30 days, indicating a reassessment by analysts [2]. - Changes in earnings projections are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate trends and short-term stock price movements [3]. Key Financial Metrics - The consensus estimate for the Efficiency Ratio (GAAP) is 59.2%, down from 63.5% in the same quarter last year [5]. - Analysts project a Net Interest Margin of 3.5%, compared to 3.1% reported in the same quarter of the previous year [5]. - The Average Balance of Total Interest-Earning Assets is expected to reach $27.39 billion, up from $24.02 billion in the same quarter last year [6]. - Net Interest Income is forecasted to be $235.79 million, significantly higher than the $179.19 million reported a year ago [6]. Noninterest Income and Other Metrics - Total Noninterest Income is anticipated to be $45.92 million, compared to $37.35 million in the same quarter last year [7]. - Service Charges on Deposit Accounts are projected at $12.99 million, up from $8.43 million in the previous year [7]. - Investment Advisory Fees are expected to reach $18.02 million, slightly higher than the $17.96 million reported last year [8]. - Card Income is projected to be $4.82 million, compared to $3.60 million in the same quarter last year [9]. Market Performance - Shares of Eastern Bankshares have returned +3% over the past month, outperforming the Zacks S&P 500 composite's +2% change, with a Zacks Rank of 3 (Hold), indicating expected performance in line with the overall market [9].

Core Viewpoint - Analysts forecast Alcoa (AA) will report quarterly earnings of $0.95 per share, reflecting a year-over-year decline of 8.7%, with revenues expected to be $3.24 billion, down 7% from the previous year [1]. Earnings Estimates - Over the last 30 days, there has been a 7.3% upward revision in the consensus EPS estimate for the quarter, indicating analysts' reassessment of their initial forecasts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate revisions and short-term stock performance [3]. Revenue and Sales Projections - Analysts estimate 'Total sales- Alumina' at $1.32 billion, indicating a year-over-year decline of 46% [5]. - 'Total sales- Aluminum' is projected to reach $2.45 billion, reflecting a 28.9% increase from the prior-year quarter [5]. - 'Third-party sales- Bauxite' are expected to be $160.89 million, showing a 25.7% increase from the previous year [5]. Price and Cost Metrics - The estimated 'Average realized third-party price per metric ton of alumina' is projected at $334.30, down from $636.00 in the same quarter last year [6]. - The 'Average realized third-party price per metric ton of aluminum' is expected to be $3724.71, compared to $3006.00 in the same quarter of the previous year [7]. - Analysts forecast the 'Average cost per metric ton of aluminum shipped' to be $2679.38, slightly up from $2675.00 in the same quarter last year [7]. Production Estimates - 'Third-party alumina shipments' are expected to reach 2239 thousand metric tons, down from 2289 thousand metric tons reported in the same quarter last year [8]. - 'Alumina production' is estimated at 2433 thousand metric tons, compared to 2390 thousand metric tons in the same quarter last year [9]. - 'Bauxite production' is projected at 10 million metric tons, up from 9 million metric tons reported in the same quarter last year [10]. Stock Performance - Alcoa shares have increased by 32.4% in the past month, significantly outperforming the Zacks S&P 500 composite's 2% increase, with a Zacks Rank 1 (Strong Buy) indicating expected outperformance in the near term [11].

Core Viewpoint - Analysts expect Knight-Swift Transportation Holdings (KNX) to report quarterly earnings of $0.36 per share, indicating no change from the previous year, with revenues projected at $1.9 billion, reflecting a 1.8% increase year-over-year [1]. Earnings Projections - Over the last 30 days, the consensus EPS estimate has been revised downward by 6.7%, indicating a collective reassessment by analysts of their initial forecasts [2]. - Changes in earnings projections are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate trends and short-term stock price movements [3]. Revenue and Key Metrics - Analysts estimate that 'Truckload and LTL fuel surcharge' will reach $195.63 million, a 4.2% increase from the prior year [5]. - Revenue, excluding truckload and LTL fuel surcharge, is projected to be $1.70 billion, marking a 1.1% year-over-year change [5]. - Estimated 'Operating revenue- LTL' is $365.64 million, reflecting a 13.7% increase from the previous year [6]. - Revenue, excluding fuel surcharge for the LTL segment, is expected to be $307.84 million, indicating a 10.4% year-over-year change [6]. Operating Ratios - The estimated 'Operating Ratio' is projected to be 95.4%, slightly improved from 95.8% in the previous year [7]. - The 'Adjusted Operating Ratio - Logistics' is expected to be 94.3%, compared to 93.7% last year [7]. - The 'Adjusted Operating Ratio - Truckload' is forecasted at 93.0%, up from 92.2% in the same quarter last year [8]. - The consensus for 'Adjusted Operating Ratio - LTL' remains at 94.5%, unchanged from the previous year [8]. Additional Metrics - Analysts forecast 'Average revenue per load - Intermodal' to be $2,697.65, compared to $2,565.00 in the same quarter last year [9]. - The expected 'Average tractors - Truckload' is 21,544, down from 22,208 year-over-year [9]. - The average prediction for 'Load count - Intermodal' is 37,403, compared to 38,607 in the previous year [9]. Stock Performance - Over the past month, shares of Knight-Swift have returned +8.6%, outperforming the Zacks S&P 500 composite's +1.6% change [9].

Core Insights - Conagra Brands, Inc. (CAG) is experiencing a difficult environment characterized by a slowdown in consumer spending, elevated inflation, and tariffs, leading to a Zacks Rank of 5 (Strong Sell) and nearing a 5-year low [1] Financial Performance - In the second quarter of fiscal 2026, Conagra reported earnings of $0.45, beating the Zacks Consensus of $0.44, marking the second consecutive earnings beat [2] - Net sales decreased by 6.8%, with organic net sales down by 3.0%, although the company is optimistic about a return to net sales growth in the second half of the fiscal year [3] Guidance and Inflation - Conagra reaffirmed its fiscal 2026 guidance, expecting organic net sales to change by a loss of 1% to 1% compared to fiscal 2025, with earnings projected between $1.70 and $1.85 [4] - The company anticipates continued elevated costs of goods sold inflation, with total cost of goods inflation expected to reach 7% in fiscal 2026, influenced by U.S. tariffs increasing costs by 3% before mitigations [5] Analyst Revisions - Analysts have cut fiscal 2026 earnings estimates, with the Zacks Consensus falling to $1.72 from $1.75, indicating a 25.2% decline in earnings [6] - For fiscal 2027, estimates were also reduced, with the Zacks Consensus dropping to $1.79 from $1.86, reflecting a projected earnings growth of 4.2% [7] Stock Performance and Valuation - Conagra's shares have declined significantly over the past year, now near 5-year lows [10] - The company trades at a forward price-to-earnings (P/E) ratio of 9.6, suggesting it may be undervalued [12] Dividend Information - Conagra pays a dividend of $1.40 per share, yielding 8.5%, with dividends paid in the first half of fiscal 2026 remaining flat year over year at $335 million [13]

Core Viewpoint - Constellation Brands is expected to report a significant decline in quarterly earnings and revenues, with earnings per share projected at $2.66, down 18.2% year-over-year, and revenues forecasted at $2.18 billion, reflecting an 11.6% decrease [1]. Earnings Estimates - There has been no revision in the consensus EPS estimate for the quarter over the last 30 days, indicating that analysts have maintained their initial forecasts [2]. - Changes in earnings projections are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate trends and short-term stock price movements [3]. Key Metrics Projections - Analysts estimate 'Net Sales- Wine and Spirits' to be $170.25 million, representing a decline of 60.5% from the previous year [5]. - The consensus for 'Net Sales- Beer' is projected at $2.01 billion, indicating a slight decrease of 1% year-over-year [5]. - 'Operating Income- Wine and Spirits' is expected to be $10.85 million, a significant drop from $95.20 million in the same quarter last year [6]. - 'Operating Income- Beer' is projected to reach $729.44 million, down from $769.90 million year-over-year [6]. Stock Performance - Constellation Brands shares have increased by 1.7% over the past month, outperforming the Zacks S&P 500 composite, which rose by 0.8% [6]. - The company holds a Zacks Rank of 4 (Sell), suggesting it is expected to underperform the overall market in the near term [6].

Core Viewpoint - CarMax, Inc. reported strong earnings and revenue but faces challenges in maintaining profitability due to plans to reduce margins on used cars and declining sales figures [2][3][6] Financial Performance - CarMax reported earnings per share of $0.43, exceeding the estimated $0.32, and revenue of approximately $5.79 billion, surpassing the estimated $5.63 billion [2][6] - The company announced plans to reduce margins on used cars, which has negatively impacted its stock price due to concerns over future profitability [2][6] Market Challenges - CarMax experienced an 8% decrease in retail used unit sales and a 9% decline in comparable store used unit sales, indicating competitive pressures in the used-car market [3][6] Financial Metrics - The company has a price-to-earnings (P/E) ratio of approximately 11.88, a price-to-sales ratio of about 0.24, and an enterprise value to sales ratio of around 0.89, reflecting its market valuation [4] - CarMax's debt-to-equity ratio is approximately 2.87, indicating significant financial obligations relative to its equity, while the current ratio stands at about 2.46, suggesting good short-term liability coverage [5] - The earnings yield for CarMax is about 8.42%, providing some reassurance to investors regarding returns on investment [5]

Core Insights - Berkeley Group Holdings PLC is a significant player in the UK real estate sector, focusing on residential and mixed-use developments [1] - Citigroup has adjusted its rating for BKGFY to Neutral while raising the price target to 3,754 GBp from 3,710 GBp, indicating a cautious outlook [2] - Zacks has upgraded BKGFY to a Rank 2 (Buy) due to an upward trend in earnings estimates, suggesting potential for stock price increase [3] Stock Performance - The current stock price of BKGFY is $10.24, reflecting a 1.61% increase or $0.16, with fluctuations between $10.17 and $10.28 during the trading day [4] - Over the past year, BKGFY has reached a high of $12.35 and a low of $8.48, with a market capitalization of approximately $5.07 billion [4][5] - The trading volume for BKGFY is reported at 1,178 shares [4]

Core Insights - Zedge, Inc. reported an EPS of $0.07, exceeding the estimated $0.02, and generated revenue of $7.6 million, surpassing the forecasted $6.77 million [1][6] - The company achieved a record 1.1 million active subscriptions, reflecting a 54% year-over-year increase, contributing to a 29% rise in subscription revenue [2][6] - Zedge's financial metrics indicate strong performance, with a P/S ratio of 1.23 and an EV/Sales ratio of 0.60, suggesting potential undervaluation [3][4][6] Financial Performance - Zedge reported both GAAP and Non-GAAP EPS of $0.06 and $0.07, respectively, and demonstrated financial strength by repurchasing 240,000 shares and paying its first quarterly dividend [3][6] - The company experienced an overall revenue increase of 6%, driven by growth in active subscriptions and ARPMAU [2] - A current ratio of approximately 2.89 indicates Zedge's strong liquidity position, allowing it to efficiently cover short-term liabilities [5][6] Market Position - Zedge competes with platforms like Emojipedia and GuruShots, showcasing strategic growth and resilience in the digital content distribution market [1] - CEO Jonathan Reich acknowledged competitive challenges but emphasized the efficiency of the Zedge Marketplace in the evolving digital ecosystem [5]

Group 1 - The core investment strategy suggested is to "buy high and sell low," focusing on earnings estimates rather than traditional valuation metrics [1][2] - Companies should be evaluated based on the achievability of their earnings estimates, rather than their current stock prices [2][3] - There is a potential shift in investment focus from large-cap stocks to small and medium-cap stocks, although this is debated [3] Group 2 - A significant transition in 2026 is anticipated, particularly regarding the expansion of multiples for productivity beneficiaries, as current revenue beneficiaries like Broadcom and Nvidia are no longer seeing expanding multiples [4][6] - Healthcare and financial sectors are highlighted as key areas for investment, with expectations of margin expansion and lower sensitivity to external factors like tariffs [5] - The data center sector is projected to grow from $500 billion to potentially $1 trillion by 2027, indicating strong growth opportunities [8] Group 3 - The performance of stocks often reflects market sentiment ahead of earnings reports, suggesting that buying should occur well in advance of earnings announcements [7] - M&A activity is scrutinized, with historical data indicating that acquirers often underperform, particularly when deals are perceived as expensive or poorly structured [10][11]