Core Insights - Kraft Heinz reported revenue of $6.24 billion for the quarter ended September 2025, a decrease of 2.3% year-over-year, with EPS at $0.61 compared to $0.75 in the same quarter last year [1] - The revenue fell short of the Zacks Consensus Estimate of $6.25 billion by 0.16%, while the EPS exceeded the consensus estimate of $0.57 by 7.02% [1] Revenue Performance - International net revenues were $895 million, slightly below the estimated $896.61 million, reflecting a year-over-year increase of 1.5% [4] - North America net revenues were reported at $4.64 billion, slightly above the average estimate of $4.63 billion, but showed a decline of 3.8% year-over-year [4] - Emerging Markets net sales reached $701 million, below the estimated $712.1 million, but represented a year-over-year increase of 3.9% [4] Operating Income - Segment Adjusted Operating Income for General corporate expenses was reported at -$121 million, better than the estimated -$175.92 million [4] - Segment Adjusted Operating Income for Emerging Markets was $79 million, compared to the average estimate of $91.09 million [4] Stock Performance - Kraft Heinz shares have returned -2% over the past month, while the Zacks S&P 500 composite increased by 3.8% [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

Core Insights - Flex Ltd. reported lower profit in its second quarter but exceeded market estimates, and it raised its fiscal 2025 forecast above Wall Street expectations [1][4] Group 1: Second Quarter Performance - The company's net income for the second quarter was $199 million, or $0.52 per share, compared to $214 million, or $0.54 per share, in the previous year [4] - Adjusted earnings for the period were $300 million, or $0.79 per share, up from $255 million, or $0.64 per share, a year ago, surpassing analysts' expectations of $0.76 per share [4] - Net sales increased by 4 percent to $6.804 billion from $6.545 billion last year, exceeding the Street's expectation of $6.71 billion [5] Group 2: Third Quarter Outlook - For the third quarter, the company projects adjusted earnings per share between $0.74 and $0.80, adjusted operating income of $405 million to $435 million, and net sales of $6.65 billion to $6.95 billion [2] - Wall Street analysts expect earnings of $0.77 per share on net sales of $6.73 billion [2] Group 3: Fiscal 2025 Forecast - The company now projects adjusted earnings per share for fiscal 2025 to be between $3.09 and $3.17, with adjusted operating margins between 6.2 percent and 6.3 percent, and net sales of $26.7 billion to $27.3 billion [3] - Previously, the company expected adjusted earnings per share of $2.86 to $3.06 and net sales of $25.9 billion to $27.1 billion [3] - Analysts anticipate earnings of $3.04 per share on net sales of $26.71 billion for the year [3] Group 4: Factors Influencing Outlook - The revision in outlook is attributed to strong demand in data centers within the Power and Cloud businesses and continued disciplined execution [4]

Financial Performance - Sales and Revenues reached a record $17.6 billion, a 10% increase compared to Q3 2024[5, 9] - Operating Profit was $3.1 billion, a 3% decrease compared to Q3 2024[9] - Adjusted Profit per share was $4.95, a 4% increase compared to Q3 2024[9] - ME&T Free Cash Flow generated $3.2 billion[5] Segment Performance - Construction Industries total sales increased by $415 million, or 7%, with a segment profit decrease of $109 million, or 7%[27] - Resource Industries total sales increased by $62 million, or 2%, with a segment profit decrease of $120 million, or 19%[32] - Energy & Transportation total sales increased by $1.210 billion, or 17%, with a segment profit increase of $245 million, or 17%[36] - Financial Products total revenues increased by $42 million, or 4%, with a segment profit decrease of $5 million, or 2%[41] Future Expectations - The company anticipates modestly higher full-year 2025 sales, including strong Q4 2025[53] - Net incremental tariffs for 2025 are expected to be around $1.6 billion to $1.75 billion[49] - Full-year 2025 ME&T free cash flow is expected to be above the midpoint of the annual target range[49]

Group 1 - Visa shares experienced modest gains following fourth quarter results that exceeded expectations on both revenue and earnings [2] - The company reported strong consumer spending across both luxury and necessity items, indicating resilience in the market [2] - Upcoming earnings reports from Boeing and Verizon are anticipated, alongside major tech companies [2] Group 2 - Investors are particularly focused on Boeing for updates regarding jet deliveries and potential reductions in cash flow burn [3] - Boeing CEO Kelly Orper is scheduled for an exclusive interview on Squawk on the Street, which may provide further insights into the company's performance [3]

Core Insights - Garmin matched earnings estimates for Q3 with adjusted earnings of $1.99 per share, but sales were slightly below expectations at $1.77 billion compared to the anticipated $1.78 billion [2][4] - The company's earnings in the same quarter last year were also $1.99 per share, but sales were lower at $1.59 billion, indicating stable earnings year-over-year but growth in sales [2][4] - Following the earnings report, Garmin's stock fell over 3% in premarket trading, dropping to $240 [2][4] Financial Performance - Adjusted earnings per share for Q3 were $1.99, matching analyst expectations [2] - Sales for the September quarter were reported at $1.77 billion, slightly below the forecast of $1.78 billion [2] - Year-over-year comparison shows that sales increased from $1.59 billion in the previous year to $1.77 billion this year [2] Market Position - Garmin is recognized on the IBD Tech Leaders list, indicating its strong position within the technology sector [3] - The company has seen an upgrade in its IBD SmartSelect Composite Rating, rising to 96 from 94, reflecting improved market performance [4][5] - Garmin's stock has shown rising relative strength, although it remains shy of key benchmarks [5]

Core Viewpoint - Illinois Tool Works (NYSE: ITW) recently reported its Q3 earnings, prompting a detailed analysis of the numbers and outlook, suggesting that the company may not be a favorable investment opportunity at this time [1]. Financial Performance - The Q3 earnings report from Illinois Tool Works includes specific financial metrics that warrant further examination to understand the company's performance and future potential [1]. Investment Strategy - The investment approach discussed emphasizes a long-term horizon, typically between 5 to 10 years, focusing on a balanced portfolio that includes growth, value, and dividend-paying stocks, with a particular inclination towards value investments [1].

Core Viewpoint - Terex Corporation is a key player in the construction and mining manufacturing sector, known for consistently exceeding earnings expectations, which has positively influenced its market position [1] Financial Performance - Wall Street estimates Terex's earnings per share (EPS) for Q3 2025 to be $1.22, with projected revenue of approximately $1.41 billion, while analysts are slightly more optimistic with an EPS projection of $1.30 [2] - Despite an anticipated year-over-year decline in earnings, Terex is expected to report higher revenues for the quarter ending September 2025 [2][6] - In the previous quarter, Terex reported an EPS of $1.49, surpassing the consensus estimate of $1.44, with a positive surprise of 3.47% and revenue of $1.49 billion, exceeding analysts' expectations of $1.46 billion [3][6] Market Valuation - Terex has a price-to-earnings (P/E) ratio of approximately 20.92 and a price-to-sales ratio of about 0.72, indicating how the market values its earnings and revenue [4] - The enterprise value to sales ratio is around 1.15, reflecting the company's total valuation in relation to its sales [4] Upcoming Earnings Call - The sustainability of any immediate price changes following the earnings report will depend on management's discussion of business conditions during the earnings call scheduled for October 30, 2025, at 8:30 AM ET [5]

Core Insights - Red Rock Resorts (NASDAQ:RRR) reported a revenue increase of 1.6% in Q3, reaching $475.6 million [2] - Net income surged by 38.8% to $76.9 million, indicating strong profitability growth [2] - Adjusted EBITDA rose by 4.5% to $190.9 million, reflecting improved operational efficiency [2] Revenue Breakdown - Revenue from Las Vegas operations slightly increased by 0.8%, totaling $468.6 million [2] - The performance in Las Vegas indicates stable demand despite a modest growth rate [2]

Core Insights - Mondelez International is a global leader in the snack industry, known for brands like Oreo, Cadbury, and Trident, operating in over 150 countries and focusing on various snack categories [1] - The company reported an EPS of $0.73 and revenue of approximately $9.74 billion for the quarter ending October 28, 2025, reflecting a 5.9% year-over-year revenue increase [2][4] - Mondelez has a strong track record of exceeding market expectations, surpassing consensus EPS estimates three out of the last four quarters [3] Financial Performance - The reported EPS of $0.73 exceeded the Zacks Consensus Estimate of $0.72 by 1.39%, although it decreased from $0.99 a year ago [3] - Revenue of $9.74 billion slightly surpassed the Zacks Consensus Estimate by 0.07%, marking the second time in four quarters that revenue expectations were exceeded [4] - The company maintains a P/E ratio of approximately 21.41, a price-to-sales ratio of about 2.10, and an enterprise value to sales ratio of around 2.64 [5] Strategic Focus - Mondelez's revenue growth is attributed to its strategic focus on expanding product offerings and optimizing its supply chain, despite challenges such as high cocoa prices and rising transportation costs [4] - The company competes with major food companies like Nestlé and Mars, Inc., aiming to maintain its market position through innovation and strategic acquisitions [1]

Core Insights - Mondelez reported $9.74 billion in revenue for the quarter ended September 2025, marking a year-over-year increase of 5.9% and a surprise of +0.07% over the Zacks Consensus Estimate [1] - The EPS for the same period was $0.73, down from $0.99 a year ago, with an EPS surprise of +1.39% compared to the consensus estimate of $0.72 [1] Revenue Performance - North America revenue was $2.82 billion, slightly above the $2.77 billion estimate, reflecting a year-over-year decline of -0.4% [4] - Europe revenue reached $3.67 billion, slightly below the $3.68 billion estimate, but showed a significant year-over-year increase of +10.6% [4] - AMEA revenue was reported at $2.02 billion, close to the $2.04 billion estimate, with a year-over-year growth of +9% [4] - Latin America revenue stood at $1.24 billion, just below the $1.25 billion estimate, representing a year-over-year increase of +2.8% [4] Stock Performance - Mondelez shares have returned -1.6% over the past month, underperforming the Zacks S&P 500 composite, which increased by +3.6% [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance in the near term [3]