近日，盐湖股份（000792.SZ）的2026年盈利预期获得密集上调。 公司近期披露的业绩预告显示，预计2025年归母净利润为82.9亿元至88.9亿元，同比增长77.78%至90.65%，超出此前市场预期。 业绩预告发布前，卖方对其2026年盈利预期区间为62-82亿元；业绩预告发布后，卖方盈利预期值则普遍上调至100亿元，光大证券、申万宏源更是给出了 120亿元左右的盈利预期。 这背后，是潜在的钾、锂行业景气度提升，以及公司本身确定性较强的新增产能投放、资产注入计划。 仅以公司锂盐业务为例，公司去年9月末投产的4万吨盐湖提锂项目有望大规模释放，并且还有五矿盐湖后续并表所带来的0.8万吨权益产能，公司权益产能 有望从2025年的2万吨（未包括4万吨自建项目）提升至6.9万吨，权益产能增速明显大于名义产能增速。 此外，本周碳酸锂现货均价已经升至13.8万元/吨，远月期货合约则是一度逼近15万元/吨，接下来如若锂价出现超预期式上涨，卖方给出的盈利预期可能会 进一步上修。 盈利百亿一致预期 锂产品价格虽然四季度涨幅明显，但是国内电池级碳酸锂全年均价由上年同期的9.05万元/吨降至7.55万元/吨附近，降幅达到16 ...

今年以来周期板块涨势喜人，临近年底最近好多朋友来问，周期股还能不能投、该怎么投。 在投资的世界里，周期板块总是让人又爱又惧——机会鲜明，波动也大。有没有一种方法，能把它理解 得更清晰、更踏实一些？ 中信保诚基金的基金经理孙惠成，提供了一套值得关注的思路。这位拥有北大化学本科、中科院物理所 博士背景的基金经理，把他十多年扎根化工、有色等行业的研究积淀，转化成了一套可理解、可执行的 投资框架。今年以来，他管理的周期产品尽力把握相关行业的市场机遇，取得了不错的业绩。 | 产品名称 | 今年以来收益率 | | --- | --- | | 中信保诚周期优选A | 40.35% | 数据截至2025.12.04，基金业绩已经托管行复核，中信保诚周期优选A同期业绩比较基准收益率： 15.39%，基金净值具有波动性，基金的过往业绩不代表未来表现。 他是怎么做的？对未来又怎么看？ 听完他最近的路演，我大概理清了两个关键问题： 1．他的钱是怎么赚的？（投资框架） 2．接下来他关注哪儿？（市场展望） 一、他是谁？——典型的"研究驱动型"选手 背景硬核：北大化学本科，中科院物理所博士。科班出身，博士课题还跟光伏材料有关。2012年入 ...

Hormel Foods Corporation (NYSE:HRL) reported fourth-quarter results that beat Wall Street profit expectations but fell short on revenue on Thursday.The packaged foods maker also issued an upbeat earnings and sales outlook for the coming year, signaling confidence in its turnaround efforts despite ongoing cost pressures.The company reported fourth-quarter adjusted earnings per share of 32 cents, beating the analyst consensus estimate of 30 cents. Quarterly sales of $3.185 billion missed the Street view of $3 ...

Core Insights - Veralto reported strong Q3 2025 results, with adjusted earnings of 99 cents per share, exceeding estimates by 4.2% and increasing 11.2% year-over-year. Total revenues reached $1.4 billion, surpassing estimates by 0.6% and rising 6.9% from the previous year [2][3]. Financial Performance - The Water Quality segment generated revenues of $856 million, reflecting a 6.9% year-over-year growth. The Product, Quality & Innovation segment saw revenues of $548 million, up 6.8% year-over-year. Adjusted EBITDA was $347 million, a 6.12% increase from the prior year, although the adjusted operating EBITDA margin decreased by 20 basis points to 24.7% [3]. - Veralto ended Q3 with cash and cash equivalents of $1.78 billion, up from $1.1 billion at the end of the previous year. Long-term debt was reported at $2.67 million, a slight increase from $2.60 billion at the end of Q4 2024. The company generated $270 million in cash from operating activities, with capital expenditures of $12 million [4]. Guidance and Estimates - For Q4 2025, Veralto anticipates low single-digit revenue growth year-over-year and projects adjusted diluted earnings per share between 95 cents and 98 cents. The full-year 2025 adjusted earnings per share guidance has been raised to a range of $3.82 to $3.85, up from $3.72 to $3.80. The company also expects cash flow conversion to be approximately 100% for the full year [5][6]. - Since the earnings release, there has been an upward trend in estimates revisions for Veralto, indicating positive investor sentiment [7][10]. Industry Context - Veralto operates within the Zacks Waste Removal Services industry. Competitor Waste Management reported revenues of $6.44 billion for the quarter ended September 2025, marking a year-over-year increase of 14.9%. Waste Management's EPS for the same period was $1.98, compared to $1.96 a year ago [11].

A month has gone by since the last earnings report for Revvity (RVTY) . Shares have added about 9.5% in that time frame, outperforming the S&P 500.But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Revvity due for a pullback? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent catalysts for Revvity Inc. before we dive into how investors and analysts have reacted as of late ...

Core Viewpoint - China Petroleum & Chemical Corporation (00857) reported a 14% quarter-on-quarter increase in profit for Q3, reaching 42.3 billion RMB, which is 7% higher than the forecast by CICC [1] Group 1: Financial Performance - The significant profit growth was primarily driven by the natural gas sales business, which exceeded expectations [1] - CICC anticipates a 29% quarter-on-quarter decrease in profits for Q4 due to falling oil prices and increased costs [1] Group 2: Future Outlook - CICC has raised its profit forecasts for China Petroleum for the years 2025 to 2027 by 2% [1] - The firm reiterated a "Buy" rating for China Petroleum and increased the target price from 8.59 HKD to 8.83 HKD [1]

Core Viewpoint - Adidas has raised its full-year profit forecast for 2023, driven by strong demand for retro footwear and measures taken to mitigate the impact of U.S. tariffs [1] Financial Performance - The company expects operating profit to be approximately €2 billion, up from the previous target of €1.7 billion to €1.8 billion [1] - Sales are projected to grow by about 9% on a constant currency basis [1] Market Trends - The resurgence of classic shoe models, particularly the Samba, has helped Adidas regain consumer interest and narrow the gap with industry leader Nike [1] - The trend has expanded to other retro shoe models featuring the "three stripes" logo [1] Strategic Initiatives - The increase in profit expectations is attributed to strong brand momentum and successful efforts to partially offset the cost pressures from rising U.S. tariffs [1]

Core Insights - Micron's shares increased by 7.6% to $150.57, with a notable trading volume, following a target price increase by Citigroup analyst Christopher Danely from $150 to $175, maintaining a "buy" rating [1] - The upcoming quarterly earnings for Micron are projected at $2.85 per share, reflecting a year-over-year increase of 141.5%, with revenues expected to reach $11.07 billion, up 42.8% from the previous year [2] - The consensus EPS estimate for Micron has been revised 6.3% higher in the last 30 days, indicating a positive trend that typically correlates with stock price appreciation [3] Company Performance - Micron's stock has shown a 12.7% gain over the past four weeks, indicating strong momentum [1] - The Zacks Rank for Micron is 1 (Strong Buy), suggesting favorable market sentiment [3] Industry Context - Micron operates within the Zacks Computer - Integrated Systems industry, which includes Seagate [3] - Seagate's consensus EPS estimate has increased by 3.3% to $2.33, representing a year-over-year change of 47.5%, with a Zacks Rank of 3 (Hold) [4]

Core Viewpoint - Zhongan Online (06060) reported a net profit of 668 million RMB in the first half of the year, surpassing last year's total and exceeding expectations [1] Financial Performance - The company's underwriting profit exceeded expectations, leading to a downward revision of the full-year comprehensive cost ratio forecast [1] - Zhongan Bank has turned from loss to profit, indicating an entry into a profit cycle that will enhance profitability contributions [1] Earnings Forecast - The earnings estimate for Zhongan Online has been raised, with an expected profit of 1.23 billion RMB for the year, representing a 100% year-on-year growth [1] - The target price has been adjusted from 16 HKD to 23 HKD, maintaining a "Buy" rating [1]

Core Viewpoint - Valmont Industries reported a strong second-quarter performance, beating earnings and sales estimates, and has raised its earnings outlook for 2025, indicating positive momentum in the company's financials [2][6]. Financial Performance - The adjusted profit for Q2 2025 was $97.2 million or $4.88 per share, slightly down from $99.7 million or $4.91 in the same quarter last year, but above the Zacks Consensus Estimate of $4.72 [2]. - Revenues for the quarter reached $1,050.5 million, reflecting a 1% year-over-year increase and surpassing the Zacks Consensus Estimate of $1,038.8 million [2]. Segment Review - Infrastructure segment revenues totaled $763.1 million, showing a slight increase year-over-year but falling short of the estimate of $767.1 million. Utility sales increased due to higher volumes and favorable pricing, while telecommunications sales benefited from strategic positioning [3]. - Agriculture segment revenues were $287.5 million, up 2.9% year-over-year, exceeding the estimate of $269.8 million. Strong international sales, particularly in the EMEA region and Brazil, contributed to this growth, although North American irrigation equipment sales declined [4]. Financials - Operating cash flows for the 26 weeks ended June 28, 2025, were $232.7 million, with cash and cash equivalents at $208.5 million at the end of Q2. The company returned $113.6 million to shareholders through share repurchases and dividends during the quarter [5]. - Capital expenditures for growth initiatives amounted to $32 million [5]. 2025 Outlook - Valmont updated its net sales expectations to between $4 billion and $4.2 billion, with adjusted earnings per share now projected to be between $17.50 and $19.50, an increase from the previous guidance [6]. - Anticipated capital expenditures are in the range of $140-$160 million, with an effective tax rate expected around 26% [6]. Market Sentiment - There has been an upward trend in fresh estimates for Valmont, indicating positive market sentiment [7]. - The company holds a Zacks Rank 2 (Buy), suggesting expectations for above-average returns in the coming months [10]. VGM Scores - Valmont has a strong Growth Score of A, but a lower Momentum Score of C. The stock also has a B score on the value side, placing it in the top 40% for value investors [8][9].