Diebold Nixdorf (NYSE:DBD) 2025 Conference December 03, 2025 09:10 AM ET Company ParticipantsOctavio Marquez - President and CEOThomas Timko - EVP and CFOConference Call ParticipantsAna Goshko - Credit AnalystAna GoshkoTo the Bank of America 2025 Leveraged Finance Conference. I'm Ana Goshko. I cover technology and telecom on the research credit side, and we're thrilled to have Diebold Nixdorf with us this morning, and we have Octavio Marquez, the company's Chief Executive Officer, and Thomas Timko, the comp ...

Company Overview - Diebold Nixdorf serves two primary industry segments: Banking and Retail [3] - The company focuses on automation solutions, particularly through ATMs, recyclers, services, and software [3] Market Position - Diebold Nixdorf has a significant global presence with an installed base of 800,000 ATMs [4] - The stock price has increased from the early 40s to the low 60s over the past year, indicating positive market performance [1][2]

Core Insights - NCR Voyix (VYX) reported quarterly earnings of $0.31 per share, exceeding the Zacks Consensus Estimate of $0.22 per share, and a significant improvement from a loss of $0.24 per share a year ago [1] - The earnings surprise of +40.91% indicates strong performance, following a previous surprise of +35.71% in the last quarter [2] - The company generated revenues of $684 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 2.32%, although this represents a decline from $711 million in the same quarter last year [3] Earnings Performance - NCR Voyix has surpassed consensus EPS estimates three times over the last four quarters, indicating a positive trend in earnings performance [2] - The company has also topped consensus revenue estimates four times in the last four quarters, showcasing consistent revenue growth despite the year-over-year decline [3] Stock Performance and Outlook - NCR Voyix shares have decreased by approximately 17.4% since the beginning of the year, contrasting with the S&P 500's gain of 15.6%, highlighting underperformance in the market [4] - The future stock performance will largely depend on management's commentary during the earnings call and the sustainability of the recent earnings results [4] Earnings Estimates and Industry Outlook - The current consensus EPS estimate for the upcoming quarter is $0.29, with expected revenues of $658.5 million, and for the current fiscal year, the estimate is $0.79 on $2.61 billion in revenues [8] - The Computer - Integrated Systems industry, to which NCR Voyix belongs, is currently ranked in the top 6% of over 250 Zacks industries, suggesting a favorable industry outlook that could positively impact stock performance [9]

Company Performance - IonQ reported a quarterly loss of $3.58 per share, significantly worse than the Zacks Consensus Estimate of a loss of $0.44, and compared to a loss of $0.24 per share a year ago, indicating a substantial earnings surprise of -713.64% [1] - The company posted revenues of $39.87 million for the quarter ended September 2025, exceeding the Zacks Consensus Estimate by 47.57%, and showing a significant increase from year-ago revenues of $12.4 million [2] - IonQ has surpassed consensus revenue estimates four times over the last four quarters, demonstrating a strong performance in revenue generation [2] Stock Outlook - IonQ shares have increased approximately 27.8% since the beginning of the year, outperforming the S&P 500's gain of 15.1% [3] - The company's earnings outlook is crucial for assessing future stock performance, with current consensus EPS estimates at -$0.28 for the coming quarter and -$1.58 for the current fiscal year [4][7] - The estimate revisions trend for IonQ was favorable ahead of the earnings release, resulting in a Zacks Rank 2 (Buy) for the stock, indicating expectations of outperformance in the near future [6] Industry Context - The Computer - Integrated Systems industry, to which IonQ belongs, is currently ranked in the top 6% of over 250 Zacks industries, suggesting a favorable environment for stocks within this sector [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, highlighting the importance of monitoring these revisions for investment decisions [5]

Financial Performance - Q3 2025 - Revenue increased by 2% year-over-year (YoY)[9], reaching $945.2 million[73] - Adjusted Earnings Per Share (EPS) increased to $1.39, a YoY increase of more than $1[9] - The company achieved a strong operating margin of 9.2%[37] - Adjusted EBITDA margin improved to 12.9%, a 20 bps YoY increase and a 70 bps sequential increase[41, 47] - The company reported positive free cash flow for the fourth consecutive quarter[9], with $24.5 million in Q3 2025[82] Business Segments - Retail revenue increased by 8% YoY[9] - Banking segment revenue reached $690 million[49], with sequential growth of 1.6%[49] - Retail segment revenue reached $255 million[54], with sequential growth of 5.2%[54] Future Outlook and Strategy - The company reaffirmed its 2025 guidance, projecting adjusted EBITDA between $470 million and $490 million[58] - The company expects to nearly double full-year free cash flow YoY, targeting a 40%+ free cash flow conversion[58] - A new $200 million share repurchase authorization was announced[9, 60] - The company is targeting mid-single digit annual revenue growth rate by 2027[16] - The company is targeting adjusted EBITDA margins of approximately 15% by 2027[16]

Core Insights - Advanced Micro Devices (AMD) reported quarterly earnings of $1.2 per share, exceeding the Zacks Consensus Estimate of $1.17 per share, and up from $0.92 per share a year ago, representing an earnings surprise of +2.56% [1] - The company achieved revenues of $9.25 billion for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 6.00%, and up from $6.82 billion year-over-year [2] - AMD shares have increased approximately 115% since the beginning of the year, significantly outperforming the S&P 500's gain of 16.5% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.32 on revenues of $9.07 billion, and for the current fiscal year, it is $3.93 on revenues of $32.93 billion [7] - The estimate revisions trend for AMD was mixed prior to the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Computer - Integrated Systems industry, to which AMD belongs, is currently ranked in the top 5% of over 250 Zacks industries, suggesting strong potential for outperformance compared to lower-ranked industries [8] - Another company in the same industry, NCR Voyix, is expected to report quarterly earnings of $0.22 per share, reflecting a year-over-year increase of +191.7%, with revenues anticipated to be $668.5 million, down 6% from the previous year [9][10]

Core Insights - NCR Voyix (VYX) is anticipated to report a year-over-year increase in earnings despite lower revenues, with earnings expected to be $0.22 per share, reflecting a +191.7% change [3][12] - The upcoming earnings report on November 6 could significantly influence the stock price depending on whether the results meet or exceed expectations [2][12] - The company has an Earnings ESP of -4.55%, indicating a bearish outlook from analysts, despite holding a Zacks Rank of 2 [12][17] Earnings Expectations - Revenues for NCR Voyix are projected to be $668.5 million, which is a 6% decline from the previous year [3] - The consensus EPS estimate has remained unchanged over the last 30 days, suggesting stability in analyst expectations [4] Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive or negative reading can predict the likelihood of an earnings surprise, with a focus on the Most Accurate Estimate compared to the Zacks Consensus Estimate [8][9] - A positive Earnings ESP is a strong predictor of an earnings beat, especially when combined with a favorable Zacks Rank [10] Historical Performance - In the last reported quarter, NCR Voyix exceeded expectations by delivering earnings of $0.19 per share against an expected $0.14, resulting in a +35.71% surprise [13] - Over the past four quarters, the company has beaten consensus EPS estimates twice [14] Industry Context - In the broader context, Advanced Micro Devices (AMD) is expected to report earnings of $1.17 per share, reflecting a +27.2% year-over-year change, with revenues projected at $8.72 billion, up 27.9% [18][19] - AMD has a positive Earnings ESP of +0.18% and a Zacks Rank of 3, suggesting a likelihood of beating consensus EPS estimates [20]

Core Points - Euronet will release its third quarter 2025 earnings results on October 23, 2025, before market opening [1] - A conference call to discuss the results will take place on the same day at 9 a.m. Eastern Time [1] - Participants can access the conference call via a webcast or by telephone after registering [2] Company Overview - Euronet started in Central Europe in 1994 and has developed a global real-time digital and cash payments network [4] - The company operates 57,326 ATMs and approximately 1.2 million EFT point-of-sale terminals across 69 countries [5] - Euronet's services include money transfers, credit/debit card processing, foreign currency exchange, and more, with a presence in over 200 countries and territories [4][5]

Group 1 - Fintech company Findi is facing legal issues after a user claimed misconduct on forums, prompting the company's legal team to get involved [2] - PainChek's app for aged care homes received FDA approval, leading to increased attention as the company now focuses on sales [3] - Mesoblast's stock is gaining traction again as its stem cell drug Ryoncil shows sales momentum in the USA [4] Group 2 - Race Oncology's stock reached an all-time high after revealing the mechanism of action for its drug Bisantrene, which is believed to be a chemotherapy drug without side effects [4] - Trigg Minerals is exploring options for a NASDAQ listing, including a potential SPAC listing, as it targets the US critical metals market [5] - Fintech Stakk remains popular after securing deals with Robinhood and T-Mobile, alongside a $15 million placement currently under review [6]

Group 1 - Major banks in India, including the State Bank of India (SBI), will observe holidays this weekend as per the Reserve Bank of India (RBI) calendar [2][3] - The specific closures include September 27-28 for the fourth Saturday and Sunday, and September 29 for a holiday in Agartala, Kolkata, and Guwahati for Maha Saptami [2][3] - On September 30, banks in several cities including Agartala, Bhubaneswar, and Kolkata will remain closed for Maha Ashtami/Durga Ashtami [2][3] Group 2 - Not all branches will be closed on every holiday date, as closures can vary by state, and customers are advised to check with their local branch [2][3] - Online banking services remain accessible even when branches are closed, allowing customers to use ATMs, mobile apps, and internet banking for various transactions [2][3] - Services requiring in-person visits, such as bulk cash deposits and demand drafts, will not be available on these holidays, prompting residents and businesses to plan transactions in advance [2][3]