Core Viewpoint - Par Pacific Holdings (PARR) is expected to report third-quarter results on November 4, with earnings estimated at $2.21 per share and revenues of $1.9 billion, reflecting significant year-over-year growth in earnings but a decline in revenues [1][6]. Group 1: Previous Quarter Performance - In the second quarter, Par Pacific reported adjusted earnings per share of $1.54, exceeding the Zacks Consensus Estimate of 74 cents, with revenues also surpassing expectations by 17.2% at $1.9 billion [2]. - The company has beaten the Zacks Consensus Estimate for earnings in three of the last four quarters, indicating a generally positive performance trend [3]. Group 2: Earnings Estimates and Revisions - The Zacks Consensus Estimate for the third-quarter earnings has been revised upward by 33.9% in the past 30 days, indicating a remarkable 2,310% increase year-over-year [6]. - However, the revenue estimate suggests a 10.9% decrease compared to the same period last year [6]. Group 3: Business Segment Performance - The refining segment remains the strongest profit driver for Par Pacific, achieving a record throughput of 88,000 barrels per day at its Hawaii refinery, with a low production cost of $4.18 per barrel [7]. - The refining income is projected to surge to $133 million in the third quarter, a significant improvement from $20.1 million earned in the previous year [9]. - Conversely, the logistics unit may negatively impact overall results due to cost pressures and limited volume growth, with an expected adjusted EBITDA decline of 11.4% to $29.2 million [10]. Group 4: Earnings ESP and Zacks Rank - The Earnings ESP for Par Pacific is -10.16%, indicating uncertainty in beating estimates for the upcoming quarter [12]. - The company currently holds a Zacks Rank of 1 (Strong Buy), which typically suggests a favorable outlook [12].

Core Insights - GoDaddy (GDDY) is set to report its third-quarter 2025 results on October 30, 2025, with projected revenues between $1.22 billion and $1.24 billion, reflecting a 7% growth at the mid-point compared to the same quarter last year [1][9] Revenue Expectations - The Zacks Consensus Estimate for third-quarter revenues stands at $1.23 billion, indicating a year-over-year increase of 7.27% [2] - GoDaddy anticipates Applications & Commerce (A&C) revenue growth in the mid-teens, with A&C revenues estimated at $484 million, representing a 14.4% year-over-year rise [4] - Core platform revenues are expected to reach $747 million, suggesting a 3% year-over-year growth [4] Earnings Projections - The consensus estimate for earnings is $1.50 per share, which has increased by one cent over the past 30 days, indicating a growth of 13.64% from the previous year's figure [2] - GoDaddy's earnings have beaten the Zacks Consensus Estimate in two of the last four quarters, with an average surprise of 0.54% [2] Growth Drivers - GoDaddy is expected to benefit from the growing adoption of its high-margin solutions for the Commerce end-market, particularly the newly launched Rate Saver feature, which reduces credit card surcharging costs for merchants by over 50% [5][9] - The GoDaddy Airo and Ask Airo tools are gaining traction, leading to improved attachment rates, term lengths, and renewals [6] Challenges - The company faces challenges such as macroeconomic uncertainties, increased competition in the digital services market, and rising operational costs [6] Earnings ESP and Ranking - GoDaddy currently has an Earnings ESP of 0.00% and a Zacks Rank of 3 (Hold), indicating that the odds of an earnings beat are not favorable [7]

Core Insights - Linde plc (LIN) is scheduled to report its third-quarter 2025 results on October 31, before the market opens [1][9] - The Zacks Consensus Estimate for third-quarter earnings per share is $4.18, reflecting a 6.09% increase year-over-year, while revenue is estimated at $8.6 billion, indicating a 2.93% year-over-year improvement [2][3][9] Q2 Earnings Highlights - In the previous quarter, Linde reported earnings of $4.09 per share, surpassing the Zacks Consensus Estimate of $4.03, driven by higher pricing and increased volumes from the Americas and EMEA segments [2] - Linde has consistently beaten earnings estimates over the past four quarters, with an average surprise of 1.08% [2] Performance Factors - Linde is a leader in industrial gas production, serving various end markets including healthcare, manufacturing, and chemicals [4] - The company is expected to maintain stable performance due to long-term contracts with major on-site clients and operations in resilient markets like healthcare and food and beverages [5] - However, macroeconomic challenges, particularly in Europe, may have weakened demand, affecting performance in cyclical markets such as metals, manufacturing, and energy [6] Segment Performance Estimates - The Zacks Consensus Estimate for operating profit in the Americas segment is $1.22 billion, an increase from $1.15 billion in Q3 2024 [7] - The Engineering business unit's operating profit estimate is $91 million, down from $108 million a year ago, which may impact demand and pricing dynamics [7] Earnings Prediction Insights - Linde's Earnings ESP is -1.30%, indicating that the model does not predict an earnings beat for this quarter [10]

Core Insights - Buenaventura Mining (BVN) is set to report its third-quarter 2025 results on October 30, with total sales expected to reach $363 million, reflecting a 9.7% increase year-over-year [1][5] - The earnings consensus estimate has risen by 17.1% over the past 60 days, currently projected at 41 cents per share, indicating a 41.4% growth compared to the same quarter last year [1][5] Financial Performance - BVN has a history of earnings surprises, beating the Zacks Consensus Estimate in three of the last four quarters, with an average surprise of 14.63% [2][3] - The company reported gold production of 30,894 ounces, a 15% decline year-over-year, while total gold sold was 32,438 ounces, down 16% [8] - Silver production increased by 1% to approximately 4.28 million ounces, with silver sales volumes rising by 6% to 4.12 million ounces [9][10] Pricing Environment - The average realized gold price surged by 43% year-over-year to $3,594 per ounce, while silver prices averaged around $40.81 per ounce, up 36% [10] - Copper prices increased by 6% year-over-year, although lead and zinc prices saw declines of 9% and 2%, respectively [10] Stock Performance - Buenaventura Mining's shares have appreciated by 86.7% year-to-date, compared to the industry's growth of 104.8% [12]

Core Viewpoint - The Williams Companies, Inc. (WMB) is expected to report third-quarter 2025 results on November 3, with a consensus estimate of earnings at 51 cents per share and revenues at $3.1 billion [1][8]. Group 1: Previous Quarter Performance - In the last reported quarter, WMB missed the consensus earnings estimate, reporting adjusted earnings per share of 46 cents against an expected 49 cents, and revenues of $2.8 billion, which fell short by $277 million due to underperformance in the Gas & NGL Marketing Services segment [2]. - WMB has beaten the Zacks Consensus Estimate for earnings in three of the last four quarters, with an average earnings surprise of 2.5% [3]. Group 2: Upcoming Quarter Expectations - The Zacks Consensus Estimate for the third-quarter earnings indicates an 18.6% year-over-year increase, while revenues are expected to rise by 14.8% compared to the previous year [3]. - The Transmission & Gulf of Mexico unit, particularly the Transco project, is anticipated to drive growth, with an estimated adjusted EBITDA of $946 million, reflecting a 14% increase from the previous year's $830 million [4]. Group 3: Cost Considerations - Rising costs and inflation are expected to negatively impact results, with total costs and expenses in the second quarter reported at $1.8 billion, a nearly 12% increase from the previous year [5][8]. Group 4: Earnings Prediction Model - The earnings prediction model suggests a potential earnings beat for WMB, supported by a positive Earnings ESP of +1.03% and a Zacks Rank of 3 [6][7][9].

Core Viewpoint - Ingersoll Rand Inc. (IR) is set to announce its third-quarter 2025 results on October 30, with expectations of revenue growth and challenges from rising costs and foreign currency impacts [1][11]. Revenue and Earnings Estimates - The consensus estimate for Ingersoll Rand's revenues is $1.95 billion, reflecting a 4.6% increase from the same quarter last year [2]. - The adjusted earnings per share (EPS) estimate is 86 cents, indicating a 2.4% rise compared to the previous year [2]. Segment Performance - The Industrial Technologies & Services (IT&S) segment is expected to generate revenues of $1.53 billion, a year-over-year increase of 0.3%, driven by higher orders for industrial vacuums, blowers, and compressors [3]. - The Precision and Science Technologies segment is projected to see revenues rise by 12.4% year-over-year to $421.1 million, supported by growth in the life sciences business and fluid handling product orders [4]. Impact of Acquisitions - Recent acquisitions, including Dave Barry Plastics and Lead Fluid, are anticipated to enhance Ingersoll Rand's life science portfolio and overall revenues [5][6]. Cost and Margin Challenges - Rising selling and administrative expenses are expected to negatively impact margins, with the adjusted EBITDA margin forecasted to decline by 100 basis points to 27.6% year-over-year [7]. - The company's significant international operations may face profitability challenges due to foreign currency headwinds [8]. Earnings Prediction Insights - The Earnings ESP for Ingersoll Rand is -0.59%, indicating a lower likelihood of an earnings beat this quarter, as the most accurate estimate is 85 cents per share, below the consensus estimate [10].

Core Viewpoint - Merck is set to report its third-quarter 2025 earnings on October 30, with consensus estimates for sales at $17.06 billion and earnings per share (EPS) at $2.36. Earnings estimates for 2025 have slightly declined from $8.94 to $8.92 per share over the past month [1][6]. Earnings Performance - Merck has consistently exceeded earnings expectations in the last four quarters, with an average earnings surprise of 3.92%. The most recent quarter showed a 5.97% surprise [3][4]. Factors Influencing Upcoming Results - After a weak first half, Merck anticipates growth in the second half, driven by oncology drugs like Keytruda, Animal Health, and new products, although this may be partially offset by lower sales of Gardasil in China and Japan [6][7]. Oncology Drug Performance - Keytruda is expected to drive significant sales growth, with consensus estimates for its sales at $8.4 billion, while internal estimates are slightly higher at $8.51 billion. The drug's sales are bolstered by its uptake in earlier-stage indications and continued momentum in metastatic indications [8][9]. Vaccine and Other Drug Performance - Sales of Gardasil are projected to decline due to reduced demand in China and Japan, with consensus estimates at $1.75 billion, while internal estimates are at $1.70 billion. Other vaccines have also seen declining sales [11][12]. - The diabetes franchise is facing challenges from lower demand and generic competition, impacting sales of Januvia/Janumet [14]. New Product Contributions - New drugs like Winrevair and Capvaxive are contributing to sales growth, with Winrevair showing strong demand in the U.S. market and Capvaxive gaining traction in retail pharmacies [15][24]. Financial Performance and Valuation - Merck's stock has underperformed the industry and the S&P 500, with a year-to-date loss of 11.5% compared to a 5.7% increase for the industry. However, the company's valuation appears attractive, trading at a forward P/E ratio of 9.42, lower than the industry average of 15.58 [17][20]. Investment Thesis - Merck has a robust portfolio with over six blockbuster drugs, primarily driven by Keytruda. The company has also expanded its pipeline significantly, with plans to launch around 20 new vaccines and drugs in the coming years [23][24]. - Despite concerns about dependency on Keytruda and challenges in the non-oncology business, Merck's strong revenue generation from its existing products supports a long-term investment perspective [26][29].

Core Insights - Comstock Inc. (LODE) is set to report its third-quarter 2025 results on October 30, with total sales expected to reach $0.99 million, reflecting a 76.8% increase year-over-year [1][5] - The consensus estimate for earnings indicates a loss of 18 cents per share, an improvement from the loss of 30 cents per share in the same quarter last year [1][5] - The company has a trailing four-quarter negative earnings surprise of 47.94% on average [2][3] Financial Performance - Total revenues for Comstock in the first half of 2025 were reported at $1.12 million, marking a 31% increase year-over-year, with the Metals segment contributing approximately 93% of total revenues [6] - The Metals segment generated revenues of $1.05 million in the first half of 2025, a significant increase from $0.007 million in the prior-year period [7] - Mining revenues were reported at $0.06 million in the first half of 2025, down 92% year-over-year, primarily due to the termination of the Mackay Mining Lease [8] Segment Analysis - Comstock operates through five segments: Fuels, Metals, Mining, Strategic Investments, and Corporate, with the Metals segment being the primary growth driver [4] - The Fuels segment focuses on converting biomass into renewable fuels, while the Mining segment includes gold and silver mining assets [4] - Higher revenues from the Metals segment are expected to offset weaker results from the Mining segment in the upcoming quarter [10] Cost and Profitability - The cost of goods sold is anticipated to be higher in the third quarter due to underutilization of the commercial demonstration facility and increased research and development costs [9] - Rising employee-related and consulting costs, along with additional rent expenses, are also expected to impact profitability [9] Stock Performance - Comstock's shares have declined by 62% year-to-date, contrasting with the industry's growth of 109% [13]

Core Insights - Trane Technologies plc (TT) is expected to report third-quarter 2025 earnings on October 30, with an estimated EPS of $3.80, reflecting a year-over-year growth of 12.76% and projected revenues of $5.76 billion, indicating a 5.9% increase from the previous year [1][8] Q3 Expectations for TT - Strong demand for innovative products and services in the Americas Commercial HVAC segment is anticipated to drive revenue growth, with Americas revenues expected to rise by 7.3% to $4.8 billion [3][8] - EMEA revenues are forecasted to increase by 12.6% to $751.9 million, supported by improved operational efficiency [3][4][8] Earnings Surprise History - TT has a positive earnings surprise history, having beaten earnings estimates in each of the last four quarters, with an average surprise of 5.4% [2] Earnings Prediction Model - The current model does not predict an earnings beat for TT this reporting cycle, with an Earnings ESP of -0.46% and a Zacks Rank of 4 (Sell) [5]

Core Viewpoint - Federal Realty Investment Trust (FRT) is expected to report its third-quarter 2025 results on October 31, with analysts keen to evaluate its performance amid current economic conditions [1] Company Performance - In the last reported quarter, FRT's funds from operations (FFO) per share was $1.91, exceeding the Zacks Consensus Estimate of $1.73, driven by strong leasing activity, higher occupancy levels, and rental rates [2] - Over the past four quarters, FRT surpassed estimates twice, met once, and missed once, with an average beat of 2.60% [2] - The Zacks Consensus Estimate for the third-quarter FFO per share has been revised down to $1.76, indicating a 2.92% year-over-year increase [13] U.S. Retail Real Estate Market - The U.S. shopping center market experienced positive net absorption of 323,000 square feet in Q3 2025, a significant improvement from the negative 6.5 million square feet in the previous quarter [4] - Asking rents for U.S. shopping centers rose to $25.01 per square foot, reflecting a 1.8% increase year-over-year, although the growth rate has slowed from 4% earlier in 2024 [5] - The national vacancy rate for shopping centers remained at 5.8%, unchanged from the previous quarter but up by 50 basis points year-over-year [6] Factors Influencing FRT - FRT is likely benefiting from increased demand for premium retail assets in upscale locations and a diverse tenant base, alongside falling supply levels that positively impact occupancy and rent growth [8][10] - The estimated leased occupancy rate for FRT is 96%, up 60 basis points sequentially, with rent per square foot projected to grow by 0.6% year-over-year [9][10] - FRT's revenue growth is supported by value-accretive acquisitions and the development of urban mixed-use assets [10] Revenue Projections - The Zacks Consensus Estimate for FRT's quarterly revenues is $313.89 million, indicating a 3.38% increase from the previous year [11] - Rental revenues are expected to rise to $309.51 million from $303.35 million year-over-year, with minimum rents projected at $204.54 million, up from $198.56 million [11] Interest Expenses - High interest expenses are anticipated to have a negative impact on FRT's performance, with a projected 7.4% year-over-year increase in interest expenses for Q3 2025 [12]