Core Viewpoint - Invitation Homes (INVH) is expected to report third-quarter 2025 results on October 29, with anticipated year-over-year revenue growth and stable funds from operations (FFO) per share [1] Company Performance - In the last reported quarter, INVH achieved a core FFO per share of 48 cents, exceeding the Zacks Consensus Estimate of 47 cents, driven by higher same-store net operating income (NOI) and blended rent, although lower occupancy impacted performance [2] - Over the past four quarters, INVH's core FFO per share met or exceeded the Zacks Consensus Estimate, with an average beat of 1.08% [3] U.S. Apartment Market Overview - The U.S. apartment market experienced a slowdown in Q3 2025, with effective asking rents declining by 0.3% from July to September, marking the first rent cut during this period since 2009 [4] - Approximately 637,000 market-rate apartments were absorbed in the year ending Q3 2025, a decrease from nearly 784,900 units absorbed in the previous quarter, attributed to sluggish new lease activity amid weaker job growth [5] - Nationwide, about 474,800 units were completed over the past year, with 105,500 units completed in Q3, leading to increased competition among landlords and a slight drop in occupancy to 95.4% [6] Rental Trends and Regional Variations - To attract renters, 22% of properties offered discounts averaging 6.2%, indicating a shift towards prioritizing occupancy over pricing power [7] - Rent declines varied by region, with significant drops in markets like Denver and Austin, while areas with lighter construction, such as the Midwest and Northeast, fared better [8] Factors Influencing Invitation Homes - INVH's performance is likely supported by its diverse portfolio of single-family rental units in high-growth markets, benefiting from solid demand and favorable demographic trends [9] - Analysts project Q3 rental revenue for INVH at $659.45 million, up from $575.46 million a year earlier, with total revenues estimated at $679.26 million, reflecting a 2.87% increase [10][12] - The company is leveraging technological initiatives and process improvements to enhance margins and NOI growth [11] Analyst Sentiment - Despite the positive revenue outlook, the Zacks Consensus Estimate for INVH's quarterly FFO per share has remained unchanged at 47 cents, indicating no year-over-year change [13]

Core Insights - Republic Services, Inc. (RSG) is set to release its third-quarter 2025 results on October 30, after market close, with a strong earnings surprise history, averaging an 8% surprise over the last four quarters [1]. Revenue Expectations - The Zacks Consensus Estimate for RSG's revenues is $4.3 billion, reflecting a 4.5% increase from the same quarter last year, driven by an effective pricing strategy that outpaces cost inflation [2]. - Revenue from the Collection segment is anticipated to be $2.9 billion, indicating a 4.8% rise year-over-year [3]. - Landfill revenues are expected to reach $476.7 million, suggesting a 5.3% growth compared to the previous year [3]. - Transfer revenues are projected at $214.3 million, hinting at an 11.5% year-over-year increase [3]. - Environmental Solutions revenues are estimated to be $483.9 million, reflecting a 4.1% year-over-year increment [3]. - The Other segment's revenues are expected to be $212.8 million, indicating a 3.7% increase from the prior year [3]. EBITDA and Earnings Projections - Adjusted EBITDA is anticipated to be $1.4 billion, representing a 3.7% rise from the year-ago quarter [4]. - The EBITDA margin is expected to be 31.7%, which indicates a 30-basis-point decline year-over-year [4]. - The consensus estimate for earnings per share (EPS) is $1.77, reflecting a 2.2% decline from the same quarter last year, attributed to weaker margins [4]. Earnings Prediction - The model predicts an earnings beat for Republic Services, supported by a positive Earnings ESP of +0.41% and a Zacks Rank of 3 (Hold) [5].

Core Insights - Crocs, Inc. (CROX) is set to report third-quarter 2025 results on October 30, with revenue expectations of $965.1 million, reflecting a 9.1% decline year-over-year. Earnings per share are estimated at $2.37, down 34.2% from the previous year [1][3]. Financial Performance - The company has a trailing four-quarter earnings surprise average of 12.5%, with the last quarter exceeding estimates by 5.5% [2]. - The consensus estimate for direct-to-consumer (DTC) revenues is $507 million for the third quarter, indicating growth despite overall brand challenges [6]. Brand and Market Dynamics - Crocs' HEYDUDE brand is experiencing persistent softness due to cautious U.S. consumer behavior, elevated tariffs, and pressures in the wholesale channel [3][9]. - The company anticipates a sales decline of 9-11%, influenced by marketplace cleanups, reduced wholesale volumes, and increased input costs [4]. Operational Challenges - Increased investments in talent, marketing, and DTC expansion, along with higher selling, general and administrative (SG&A) expenses, are impacting operating leverage [5]. - The company expects an adjusted operating margin of 18-19%, with a negative impact of approximately 170 basis points from tariffs [5]. Valuation Perspective - Crocs is trading at a forward 12-month price-to-earnings ratio of 7.26x, below its five-year high of 26.17x and the industry average of 16.95x, presenting an attractive investment opportunity [10]. - The stock has declined by 13.9% over the past six months, compared to a 5.6% drop in the industry [10].

Core Insights - Intercontinental Exchange Inc. (ICE) is anticipated to show improvements in both revenue and earnings for Q3 2025, with revenues expected to reach $2.4 billion, reflecting a 2.7% year-over-year growth [1][11] - The earnings per share (EPS) consensus estimate is $1.62, indicating a 4.5% increase from the previous year, although the estimate has decreased by 5.8% in the last 30 days [2][11] Revenue Expectations - The Zacks Consensus Estimate for Fixed Income and Data Services revenues is $612 million, while a more optimistic estimate is $616.9 million [6] - The Exchange segment is projected to generate $1.9 billion, with a more favorable estimate of $2 billion due to increased trading volumes in various markets [7] - The Mortgage Technology segment's revenues are estimated at $528 million, with a more conservative estimate of $491.2 million [8] Expense Projections - Total expenses are expected to rise by 2.2% to approximately $981.3 million, driven by higher compensation, professional expenses, and technology costs [9] - GAAP operating expenses are projected to be between $1.45 billion and $1.55 billion, while adjusted operating expenses are expected to range from $999 million to $1.005 billion [10] Market Activity - Continued share buybacks are likely to contribute positively to ICE's performance, with a reported 0.2% increase in average daily volume (ADV) for Q3 [12] - Total Commodities ADV decreased by 2.2% year-over-year, while Energy ADV saw a decline of 1.6%, contrasting with a 3.6% increase in Total Financials ADV [12]

Core Insights - Ameriprise Financial, Inc. (AMP) is expected to report third-quarter 2025 results on October 30, with anticipated year-over-year increases in revenues and earnings [1][11] - The company has a strong earnings surprise history, surpassing the Zacks Consensus Estimate in three of the last four quarters, with an average beat of 2.30% [2] Revenue Estimates - The Zacks Consensus Estimate for management and financial advice fees is $2.75 billion, reflecting a 7% increase from the prior year [3] - Distribution fees are estimated at $553 million, indicating a year-over-year rise of 7.8 [4] - Other revenues are projected at $134 million, suggesting a growth of 2.3% [4] Investment Income and Charges - The consensus estimate for net investment income is $834 million, representing a decline of 10.7% year-over-year [5] - Premiums, policy, and contract charges are estimated at $374 million, indicating an 8.6% decrease [5] Assets Under Management - Total AUM and AUA are expected to reach $1.62 trillion, marking a 7.4% increase from the previous year [6] Expense Management - While cost management initiatives have controlled general and administrative expenses, overall costs are expected to rise due to technology upgrades and new hires, with total adjusted operating expenses estimated at $3.27 billion [7][11] Earnings Expectations - The consensus estimate for earnings is $9.60 per share, reflecting an 8.7% increase from the prior year, with total sales estimated at $4.52 billion, suggesting a 4% year-over-year increase [12] Earnings Surprise Potential - The company has a positive Earnings ESP of +2.55%, indicating a high likelihood of beating the Zacks Consensus Estimate for earnings [8] - Ameriprise currently holds a Zacks Rank 2 (Buy) [9]

Core Insights - International Paper Company (IP) is set to report its third-quarter 2025 results on October 30, with expected revenues of $6.89 billion, reflecting a 47% year-over-year growth, while earnings per share (EPS) are projected to decline by 20.5% to 53 cents [1][7] Financial Performance - The Zacks Consensus Estimate for IP's third-quarter revenues is $6.89 billion, indicating a 47% increase from the previous year [1] - The earnings estimate has decreased by 3.6% over the past 60 days, suggesting a decline in profitability [1] - IP's earnings surprise history shows that the company has beaten estimates in two of the last four quarters, with an average surprise of 18.3% [3][4] Segment Performance - The Packaging Solutions EMEA segment is expected to generate net sales of $2.37 billion, a significant increase from $0.32 billion in the same quarter last year, with an operating profit projected at $54.2 million [10] - Packaging Solutions North America is anticipated to see a 6.3% year-over-year increase in net sales to $3.87 billion, with operating profit expected to rise by 112.7% to $404 million [11] - The Global Cellulose Fibers segment is forecasted to experience a 10.6% decline in net sales to $635 million, but an operating profit increase of 84.4% to $73.8 million is expected [11] Market Dynamics - The company is facing weak packaging demand due to inflationary pressures affecting consumer behavior, leading to a shift towards non-discretionary goods [12] - Despite these challenges, stable demand in the e-commerce sector and growth initiatives are expected to mitigate some of the negative impacts [12] Strategic Developments - On January 31, 2025, International Paper completed the acquisition of DS Smith, enhancing its position in sustainable packaging solutions [9] - The company plans to sell its Global Cellulose Fibers business for $1.5 billion, aligning with its strategy to focus on sustainable packaging [13][14] Stock Performance - International Paper's stock has increased by 4.1% over the past year, outperforming the industry average growth of 2.3% [15]

Core Insights - Virtu Financial, Inc. (VIRT) is scheduled to report its third-quarter 2025 results on October 29, with earnings per share (EPS) estimated at $1.00 and revenues projected at $420.1 million, reflecting a year-over-year earnings increase of 22% and revenue growth of 8.3% [1][2] Financial Performance Estimates - For the full year 2025, the Zacks Consensus Estimate for Virtu Financial's revenues is $1.9 billion, indicating a year-over-year rise of 19.4%. The consensus for EPS is $4.80, suggesting a 35.2% increase year-over-year [2] - The company has consistently beaten consensus earnings estimates in the past four quarters, with an average surprise of 14.9% [2] Earnings Prediction Model - The current model does not predict an earnings beat for Virtu Financial this quarter, as it has an Earnings ESP of -7.36% and a Zacks Rank of 4 (Sell) [3] Revenue Drivers - The expected growth in Virtu Financial's top line is attributed to improved net trading income, higher commissions, and technology services revenues, along with increased interest and dividends income. The consensus estimate for overall net trading income is $489.1 million, reflecting a 10.1% year-over-year increase [4] - The consensus estimate for commissions and technology services is $150 million, indicating a 14% year-over-year increase [5] - Interest and dividends income is estimated at $132.2 million, which implies a 5.5% rise from the previous year [8] Segment Performance - The Market Making segment's net trading income is estimated at $485 million, indicating a 10.1% year-over-year rise, while the Execution Services segment's net trading income is projected at $4.1 million, reflecting a 15.4% growth [9] Cost Pressures - Virtu Financial's margins are expected to be impacted by rising operating costs, which are anticipated to increase by 10.2% year-over-year to $617 million. This includes higher brokerage, exchange, clearance fees, and employee compensation costs [10]

Core Viewpoint - MGM Resorts International is set to report its third-quarter 2025 results on October 29, with expectations of a decline in earnings per share (EPS) compared to the previous year, despite a slight revenue increase [1][2][8]. Estimate Revision - The Zacks Consensus Estimate for third-quarter EPS has decreased to 37 cents from 41 cents, reflecting a 31.5% decline from 54 cents in the same quarter last year [2]. - Revenue estimates are pegged at approximately $4.2 billion, indicating a 0.8% increase from the prior-year quarter [2]. Factors Influencing Quarterly Results - MGM's performance is expected to benefit from strong international and digital segments, with MGM China being a key growth driver, projected to generate $1.06 billion in revenues compared to $929.5 million in the prior-year quarter [3][4]. - The digital segment, particularly BetMGM, is anticipated to enhance top-line performance through profitable player acquisition and operational efficiency [4]. - Regional operations are expected to maintain strong cash generation, with revenue estimates at $953.7 million, slightly up from $952.1 million in the previous year [5]. Challenges Impacting Profitability - Ongoing room renovations at MGM Grand and softer midweek trends at value-oriented resorts may negatively impact profitability [6]. - Increased marketing and integration expenses related to MGM Digital's global expansion, along with elevated pre-opening costs, could pressure margins [6]. Earnings Prediction Model - The current model does not predict an earnings beat for MGM, as it lacks a positive Earnings ESP despite having a +6.92% Earnings ESP [7][9].

Core Insights - Air Lease (AL) is well-positioned to continue its earnings-beat streak, particularly in the upcoming earnings report [1] - The company has a history of beating earnings estimates, with an average surprise of 13.52% over the last two quarters [1] Earnings Performance - For the most recent quarter, Air Lease reported earnings of $1.40 per share, exceeding the expected $1.33 per share, resulting in a surprise of 5.26% [2] - In the previous quarter, the company reported $1.51 per share against an estimate of $1.24 per share, leading to a surprise of 21.77% [2] Earnings Estimates and Predictions - There has been a favorable change in earnings estimates for Air Lease, with a positive Zacks Earnings ESP of +15.63%, indicating bullish sentiment among analysts [5][8] - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high likelihood of another earnings beat [5][8] Statistical Insights - Research indicates that 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]

Core Insights - Woodward (WWD) is positioned to continue its earnings-beat streak, having surpassed earnings estimates by an average of 13.00% in the last two quarters [1][2] Earnings Performance - For the most recent quarter, Woodward reported earnings of $1.76 per share, exceeding the expected $1.62 per share by 8.64% [2] - In the previous quarter, the company reported $1.69 per share against an expectation of $1.44 per share, resulting in a surprise of 17.36% [2] Earnings Estimates and Predictions - There has been a favorable change in earnings estimates for Woodward, with a positive Zacks Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [5][8] - 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] Earnings ESP Metric - Woodward currently has an Earnings ESP of +0.16%, suggesting analysts are optimistic about the company's earnings prospects [8] - A negative Earnings ESP reduces predictive power but does not necessarily indicate an earnings miss [8] Importance of Earnings ESP - Companies often beat consensus EPS estimates, but this is not the sole reason for share price gains; stability can occur even with missed estimates [9] - Utilizing the Earnings ESP Filter can help identify the best stocks to buy or sell prior to earnings reports [9]