Core Insights - Dycom Industries, Inc. (DY) is set to report its third-quarter fiscal 2026 results on November 19, with previous earnings exceeding estimates by 16.4% and showing a year-over-year increase of 35.4% [1] - The Zacks Consensus Estimate for fiscal third-quarter earnings per share (EPS) is stable at $3.15, reflecting a 17.5% year-over-year growth, while contract revenues are expected to reach $1.40 billion, a 10.1% increase from $1.27 billion [2] Revenue Expectations - Dycom's revenue growth in the fiscal third quarter is anticipated to be driven by fiber-to-the-home initiatives, wireless activities, maintenance services, and infrastructure projects linked to hyperscalers [3] - The demand for data-intensive applications and AI workloads is projected to further enhance revenue, with an addressable market opportunity exceeding $20 billion over the next five years [4] - Contract revenues are expected to be between $1.38 billion and $1.43 billion, compared to $1.272 billion in the same quarter last year [4] Customer Segmentation - Revenue from Telecommunications is expected to rise by 9.3% to $1.09 billion, while Underground Facility Locating revenues are projected to increase by 18% to $95.9 million [5] - Conversely, revenues from Electric and Gas Utilities are anticipated to decline by 30.5% to $27 million [5] Earnings and Margins - Dycom's bottom line is expected to grow year over year due to contract revenue growth, with adjusted EBITDA projected between $198 million and $213 million, up from $170.7 million in the prior-year quarter [6] - The anticipated diluted EPS for the fiscal third quarter is in the range of $3.03-$3.36, compared to $2.37 in the previous year [6] - Adjusted EBITDA is expected to grow by 17.7% to $201 million, with an adjusted EBITDA margin expanding by 90 basis points to 14.3% [7] Market Dynamics - The strength in AI and fiber buildout is expected to drive double-digit revenue and EPS growth for Dycom in Q3, with margins likely expanding due to operating leverage [8] - Despite rising administrative and payroll costs, the increasing top line and favorable market trends are expected to offset these challenges [9] Backlog Insights - The total backlog for the fiscal third quarter is projected to be $8.94 billion, reflecting a growth of 13.8% from $7.86 billion reported in the prior-year quarter [10]

Core Insights - The U.S. equity markets have experienced volatility, with gains in blue-chip tech companies offset by concerns over AI firm valuations, leading to expectations of a market correction [2] - Investors are anxious about the Federal Reserve's potential actions regarding interest rates amid a government shutdown that has created a data vacuum [2] - The upcoming September nonfarm payrolls report is highly anticipated for insights into economic trends and Federal Reserve decisions [3] Momentum Investing Strategy - Momentum investing is characterized by "buying high and selling higher," capitalizing on established trends in stock prices [4] - This strategy has historically generated alpha across various market conditions, though it requires skill to identify trends effectively [5] - A screening strategy has been developed to identify stocks with long-term price momentum and short-term pullbacks [5] Screening Parameters - The screening process selects the top 50 stocks based on the best percentage price change over the past 52 weeks [6] - From these, the 10 worst performers over the last week are chosen to identify those experiencing short-term pullbacks [7] - Stocks with a Zacks Rank 1 (Strong Buy) and a Momentum Style Score of B or better are prioritized for selection [8] Selected Stocks - Seagate Technology Holdings plc (STX) has seen a 169.4% increase over the past year but a recent decline of 11.1%, with a Momentum Score of B [12] - Robinhood Markets, Inc. (HOOD) has surged 231.3% in the past year but dropped 14.6% in the last week, holding a Momentum Score of A [14] - Everus Construction Group, Inc. (ECG) has increased by 46.7% over the past year but declined 13.7% recently, also with a Momentum Score of A [15]

Company Performance - OneConstruction Group Limited (NASDAQ:ONEG) experienced a stock price decline of 57.16%, dropping to $4.39 from a year-high of $13.5, with a revenue decrease of 16.2% to $53.2 million from $63.5 million [2][8] - Nuvve Holding Corp. (NASDAQ:NVVE) saw a 43.46% drop in stock price to $0.26, prompting the company to initiate a strategic financing initiative to strengthen its equity position [3][8] - TSS, Inc. (NASDAQ:TSSI) faced a 43.08% decline in stock price to $8.68, despite enhancing its AI and high-performance computing strategy by appointing a new board member with extensive experience [4][8] - Republic Power Group Limited (NASDAQ:RPGL) witnessed a 42.96% decline in stock price to $0.84, raising investor concerns about its market position, although it successfully closed an initial public offering of 2,120,000 Class A ordinary shares at $4.00 each [5][8] - Davis Commodities Limited (NASDAQ:DTCK) saw its stock price fall by 41.59% to $0.64, reflecting market reactions to global trade dynamics, while exploring a new vertical in the specialty food ingredients market projected to reach approximately $97.3 billion by 2025 [6][8] Market Sentiment - The significant price movements of these companies underscore the volatility and risks inherent in the stock market, influenced by company-specific developments, sectoral trends, and broader economic factors [7]

Core Viewpoint - AECOM is expected to report its fourth-quarter fiscal 2025 results on November 17, with anticipated year-over-year growth in earnings and revenues driven by public infrastructure spending and favorable international trends [1][3][9]. Financial Performance - In the last reported quarter, AECOM's earnings exceeded the Zacks Consensus Estimate by 7.2%, growing 15.5% year over year, while revenues slightly missed the consensus by 0.6% but increased by 6.1% year over year [1]. - The Zacks Consensus Estimate for the upcoming fourth quarter indicates adjusted EPS of $1.34, reflecting a 5.5% increase from the previous year's $1.27, and revenues are estimated at $1.95 billion, showing a year-over-year growth of 7.4% [2][9]. Growth Drivers - The expected growth in AECOM's fourth-quarter performance is attributed to robust public infrastructure spending trends supported by federal and state initiatives, including the One Big Beautiful Bill Act [3]. - Favorable trends in international markets such as Canada, the UK, Ireland, Australia, and the Middle East are also anticipated to contribute positively to performance [3]. - Key market segments, including AI, water, transportation, aviation, coastal protection, and electricity, are expected to provide growing opportunities, reflected in a robust project pipeline and backlog growth [4]. Segment Performance - The Zacks Consensus Estimate for net service revenues in the Americas and International segments is projected at $1.15 billion and $799 million, indicating year-over-year growth of 8.5% and 6%, respectively [5]. Operational Efficiency - AECOM's restructuring efforts and balanced capital allocation strategy are expected to enhance operational efficiency and profitability, with the bottom line anticipated to increase year over year due to improved top-line leverage and minimal restructuring costs [6][9]. Market Challenges - Despite geopolitical risks, tariff-related concerns, and foreign currency challenges, AECOM's focus on continuous innovation and effective capital management is expected to support growth [7]. Earnings Prediction Model - The Zacks model does not predict an earnings beat for AECOM this time, as the company has an Earnings ESP of 0.00% and a Zacks Rank of 4 (Sell) [8][10].

Core Insights - Return on equity (ROE) is a key profitability metric favored by investors, measuring earnings generated from equity, and can be compared to historical or industry benchmarks to identify potential winning stocks [1] - Advanced analysis of ROE through DuPont analysis provides deeper insights by breaking down ROE into profit margin, asset turnover ratio, and equity multiplier, allowing for a more comprehensive evaluation of a company's financial health [2][3] DuPont Analysis - DuPont analysis examines three major elements: operating management, asset management, and capital structure, providing a clearer picture of ROE changes [2] - The formula for ROE through DuPont analysis is: ROE = Profit Margin * Asset Turnover Ratio * Equity Multiplier, which helps in identifying the underlying factors affecting ROE [2] Importance of DuPont Analysis - DuPont analysis helps investors differentiate between companies with high margins and those with high turnover, offering insights into the operational efficiency of different business models [3] - It also reveals a company's leverage status, indicating that a high ROE could be misleading if it results from excessive debt [4] Screening Parameters - Key screening parameters for identifying strong stocks include: - Profit Margin greater than or equal to 3, indicating profitable business operations [6] - Asset Turnover Ratio greater than or equal to 2, reflecting management efficiency in asset utilization [6] - Equity Multiplier between 1 and 3, showing the extent of debt used to finance assets [6] - Zacks Rank less than or equal to 2, suggesting better performance compared to peers [7] - Current Price more than $5, filtering out low-priced stocks [7] Highlighted Stocks - EverQuote (EVER): A Zacks Rank 1 company operating an online insurance marketplace, with an average earnings surprise of 37.16% over the past four quarters [8] - Expeditors International of Washington (EXPD): A leading third-party logistics provider, with an average earnings surprise of 13.94% over the past four quarters [9] - AllianceBernstein (AB): Provides diversified investment management services, with an average earnings surprise of 6.49% over the past four quarters [10] - Everus Construction Group (ECG): Offers a full spectrum of construction services, with an average earnings surprise of 51.78% over the past four quarters [11]

Financial Data and Key Metrics Changes - The company reported EBITDA of CAD 99 million and a gross margin of 14.6%, showing significant improvement from Q2 2025 [3] - Combined revenue reached CAD 390 million, a 6% sequential increase from Q2 2025, despite the seasonally low demand in the oil sands region [3] - Free cash flow for the quarter was CAD 46 million, reflecting disciplined capital maintenance spending [7] - Net debt levels increased slightly to CAD 904 million, with a leverage ratio of 2.3 times [8] Business Line Data and Key Metrics Changes - Australia experienced a 12% sequential revenue increase and a 26% year-over-year growth, generating CAD 188 million in revenue [4] - The gross margin in Australia was 19.6%, benefiting from favorable weather and strong operational performance [5] - The oil sands region posted a gross margin of 9.2%, a significant recovery from Q2 2025 [5][6] Market Data and Key Metrics Changes - The company noted a record top line of CAD 1.5 billion over the last 12 months, driven by high demand in Australia [9] - The bid pipeline increased to over CAD 12 billion, a CAD 2 billion increase since Q2 2025, indicating strong future revenue opportunities [16] Company Strategy and Development Direction - The company aims to focus on growth in Australia, particularly in Western Australia, and to advance infrastructure business opportunities [15] - Strategic priorities include leveraging Nuna experience for Arctic opportunities and right-sizing the Canadian equipment fleet [15] - The company is positioned to capitalize on macro tailwinds in both Australia and Canada, focusing on resource development and infrastructure projects [12][14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the recovery from H1 issues and highlighted a strong Q3 performance [10] - The outlook for Australia remains positive, with expected continued growth in demand for resources and civil construction [12] - In Canada, management anticipates nation-building projects to come to market quickly, supported by government leadership [14] Other Important Information - The company achieved a record safety performance with a trailing 12-month recordable rate of 0.45, exceeding industry standards [9] - The average interest rate for Q3 remained stable at 6.4% [7] Q&A Session Summary Question: Update on memorandums of understanding and Arizona project - Management indicated progress in discussions with potential partners and will provide updates at year-end [18][19] Question: Timing for Fargo-Moorhead project completion and future projects - Substantial completion is expected next fall, with other infrastructure projects anticipated to backfill revenue [20] Question: U.S. infrastructure opportunities and private sector work - Current focus is on public projects, but private sector opportunities are being explored [22] Question: Australia mechanics situation and hiring needs - The company is at historical staffing levels but is open to hiring more skilled workers as needed [24] Question: Precious metals pipeline in Australia - There is a significant pipeline in the Western Australia gold market, with ongoing expansions and new mines [28] Question: Timing for critical mineral projects in Canada - Management is conservative, expecting project kick-offs more likely in 2027 [31] Question: Right-sizing the fleet in Canada - The process is ongoing, with adjustments based on upcoming bids expected to be clearer by mid-December [33] Question: Investment priorities between Canada and Australia - The focus is on maximizing asset returns in Western Australia while pursuing infrastructure projects [35]

Core Insights - The third-quarter results for 2025 align with full-year expectations, indicating stable performance [1] Order Intake and Portfolio - There was a strong intake of new orders from various sources, leading to an increase in the total order portfolio, primarily driven by large, multi-annual contracts [2] Financial Performance - Revenue decreased by 7% to DKK 2.4 billion, attributed to the current phasing of the order portfolio, particularly in MT Højgaard Danmark [7] - Operating profit (EBIT) fell by 13% to DKK 110 million, with Enemærke & Petersen improving its operating margin while MT Højgaard Danmark's margin declined [7] - Profit after tax from continuing operations was DKK 90 million, with net profit rising to DKK 71 million due to lower financial expenses [7] - Cash flows from operating activities improved to an inflow of DKK 36 million [7] Order Portfolio Details - The total order portfolio increased to DKK 22.5 billion, consisting of various categories of orders including final unconditional orders and future projects [7] Guidance for 2025 - The outlook for 2025 remains unchanged, supported by a high order coverage and a strong pipeline, with revenue forecasted between DKK 10.0-10.5 billion [3][7] - Operating profit (EBIT) is expected to be between DKK 400-450 million, with ongoing project earnings anticipated to remain stable [7] Strategic Focus - The company is focused on consolidating progress, stabilizing earnings, and expanding the order portfolio, particularly for 2026 and 2027 [4]

Core Insights - Fluor Corporation (FLR) reported mixed third-quarter 2025 results, with adjusted earnings exceeding estimates while revenues fell short [1][5][10] - Year-over-year, the bottom line improved, but the top line experienced a decline [1] Financial Performance - Adjusted earnings per share (EPS) reached 68 cents, surpassing the Zacks Consensus Estimate of 44 cents by 54.6%, compared to 51 cents in the same quarter last year [5][10] - Quarterly revenues totaled $3.4 billion, missing the consensus mark of $4.12 billion by 18.2%, and declined 18% from $4.1 billion in the prior year [5][10] - The company incurred a segment loss of $439 million, primarily due to a $653 million charge related to the Santos ruling, resulting in a negative segment margin of 13% [6][10] Segment Performance - Energy Solutions segment revenues plummeted 81.6% year over year to $262 million, with new awards dropping to $222 million from $1.5 billion [8] - Urban Solutions segment revenues increased by 21.3% to $2.34 billion, driven by life sciences and mining projects, with new awards rising to $1.8 billion [9] - Mission Solutions segment revenues rose 19.8% to $761 million, with new awards significantly increasing to $1.3 billion [11] Backlog and Awards - Total new awards for the quarter were $3.3 billion, up from $2.7 billion a year ago, while the consolidated backlog decreased to $28.2 billion from $31.3 billion [7] - The Urban Solutions segment's backlog increased by 8% to $20.5 billion, while the Energy Solutions segment's backlog fell to $5.1 billion [8][9] Future Outlook - Fluor raised its 2025 adjusted EPS guidance to a range of $2.10-$2.25, up from the previous range of $1.95-$2.15, and adjusted EBITDA expectations to $510 million-$540 million [14] - The company anticipates a decision on a strategically important AUKUS-related award and remains well-positioned in nuclear enrichment projects [3]

Core Viewpoint - The article discusses the volatility in the stock market, highlighting that while it presents opportunities, it also increases risks, making both significant gains and declines possible. The focus is on identifying one stock with potential for high returns and two stocks that are not recommended for investment. Group 1: Stocks to Sell - Albany (AIN) is a global textiles and materials processing company with a rolling one-year beta of 1.45, trading at $49.48 per share, which corresponds to a forward P/E of 16.1x [2][4] - Orion (ORN) provides construction services for marine infrastructure and industrial projects, has a rolling one-year beta of 2.34, and is priced at $10.09 per share, reflecting a forward P/E of 40.4x [5][7] Group 2: Stock to Watch - Community Bank (CBU) is a financial holding company with a rolling one-year beta of 1.09, offering various financial services. Its annual revenue growth over the last two years was 10.8%, indicating an increase in market share [8][11] - CBU's earnings per share grew by 5.5% annually over the last two years, significantly outperforming its peers [11] - The expected tangible book value per share growth of 20.2% suggests that CBU's capital strength will likely improve over the next 12 months [11]

Group 1: Project Overview - Nordecon group company Tariston AS has signed a contract with the Estonian Transport Administration for the construction of the Päädeva–Orgita road section and Haimre traffic junction on National Road 4 (E67), upgrading them to a 2+2 lane road [1] - The project includes the construction of Orgita and Haimre viaducts, one pedestrian tunnel, two wildlife crossings, and one livestock tunnel, along with various collector and connecting roads [1] Group 2: Financial Details - The total cost of the contract is 27.78 million euros plus value added tax, with completion expected by September 2027 [2] Group 3: Company Profile - Nordecon is a group of construction companies focused on construction project management and general contracting in buildings and infrastructures, operating in Estonia, Ukraine, and Sweden [3] - The consolidated revenue of Nordecon Group in 2024 was 224 million euros, and the company employs approximately 425 people [3] - Nordecon AS has been listed on the main list of the Nasdaq Tallinn Stock Exchange since May 18, 2006 [3]