FY25 Performance - Revenues reached $14.4 billion, a 4% year-over-year increase[10] - Adjusted EBITDA was $1,104 million, up 5% year-over-year[10] - Adjusted Diluted EPS increased by 11% year-over-year to $2.22[10] - Free Cash Flow amounted to $516 million[10] - The company's Backlog was $47.1 billion with a Book-to-Bill ratio of 1.2x[10] Q4 FY25 Highlights - The company achieved a robust Q4 book-to-bill ratio of 1.6x[9] - Secured a Space Force Range Contract worth $4 billion over ten years[15] - Awarded nuclear services totaling over $1.8 billion over 15 years for Sellafield Decommissioning and Nuclear Waste Partners[16] - NASA awarded Ascend Aerospace & Technology, a joint venture in which Amentum is a partner, a new nine-year $1.8 billion contract to support flight mission operations and training[17] - Secured multiple classified intelligence contracts totaling nearly $700 million[18] FY26 Guidance - The company initiated FY26 guidance with revenue expected to be between $13.95 billion and $14.3 billion, implying underlying growth of approximately 3%[56] - Adjusted EBITDA is projected to be between $1.1 billion and $1.14 billion, representing approximately 5% underlying growth[56] - Adjusted Diluted EPS is expected to be between $2.25 and $2.45, indicating approximately 12% underlying growth[56] - Free Cash Flow is forecasted to be between $525 million and $575 million, also representing approximately 12% underlying growth[56]

Core Insights - Marcus & Millichap, Inc. (MMI) reported an earnings per share (EPS) of $0.01, significantly below the estimated $0.23, indicating lower profitability than expected [2][6] - The company achieved a 15.1% increase in revenue year-over-year, reaching $193.9 million, although this was below the anticipated $253.2 million [2][3][6] - MMI's financial health is characterized by a low debt-to-equity ratio of 0.14 and a current ratio of 3.47, indicating a stable financial position despite earnings challenges [5][6] Financial Performance - MMI's revenue of $193.9 million represents a 15.1% increase compared to the same quarter in 2024, showcasing strong performance in its core services [2][3] - The company's revenue fell short of market expectations, which were set at $253.2 million, highlighting challenges in meeting financial forecasts [3][6] Valuation Metrics - MMI's price-to-sales ratio is approximately 1.60, indicating that investors are willing to pay $1.60 for every dollar of sales [4] - The enterprise value to sales ratio also stands at roughly 1.60, reflecting the company's valuation in relation to its sales [4] - The enterprise value to operating cash flow ratio is about 16.11, suggesting how many times the operating cash flow can cover the enterprise value [4]

Core Perspective - Gartner (IT) stock is expanding, generating cash, and is currently undervalued compared to its historical highs [1] Financial Performance - Gartner has a free cash flow yield of 7.6%, indicating strong cash generation capabilities [5] - The company experienced a revenue growth of 5.9% over the last 12 months, suggesting an increase in cash reserves [5] - The stock is trading at a significant valuation discount, currently 34% lower than its 3-month high, 52% below its 1-year high, and 52% below its 2-year high [5] Investment Strategy - The average forward returns for Gartner's stock are projected at 25.7% for 6 months and 57.9% for 12 months, with a win rate of over 70% for both periods [6]

Core Insights - The focus is on income-producing asset classes such as REITs, ETFs, Preferreds, and 'Dividend Champions' that target premium dividend yields up to 10% [1][2] - The service aims to provide sustainable portfolio income, diversification, and inflation hedging for investors [2] Group 1 - The investment strategy emphasizes complete access to research and a suite of trackers and portfolios [1] - The service offers a Free Two-Week Trial to explore top ideas across exclusive income-focused portfolios [2] - The author has a background in data analysis and pension fund management, focusing on helping others prepare for retirement through various investment vehicles [3]

Company Overview - Jefferies Financial Group Inc. is a leading global, full-service investment banking and capital markets firm that provides advisory, sales and trading, research, and wealth and asset management services [3][7] - The company operates more than 40 offices around the world, offering insights and expertise to investors, companies, and governments [3][7] Upcoming Events - Jefferies will host its annual Investor Day on October 16, 2025, at 9:00 a.m. in Manhattan, featuring management presentations and a Q&A session [1][8] - The event will be available for both in-person and virtual attendance, with registration required by October 14, 2025 [2][8] - Jefferies is set to release its third quarter financial results on September 29, 2025, after market close [7] Strategic Alliances - Jefferies and Sumitomo Mitsui Financial Group, along with its subsidiaries, are significantly expanding their Global Strategic Alliance, which was initially established in 2021 [6]

Core Viewpoint - Jefferies Financial Group Inc. will release its third quarter financial results on September 29, 2025, after market close [1] Company Overview - Jefferies is a leading global, full-service investment banking and capital markets firm [1] - The company provides a range of services including advisory, sales and trading, research, wealth, and asset management [1] - Jefferies operates more than 40 offices worldwide, offering insights and expertise to investors and companies [1]

Core Viewpoint - The article discusses the investment landscape in the real estate sector, particularly focusing on the performance and potential of various real estate investment trusts (REITs) and housing-related securities [2]. Group 1: Company Insights - Hoya Capital Research & Index Innovations is affiliated with Hoya Capital Real Estate, providing investment advisory services and market commentary focused on publicly traded securities in the real estate industry [2]. - The commentary emphasizes the importance of consulting with investment, tax, or legal advisers before making investment decisions, highlighting the complexities involved in real estate investments [2][3]. Group 2: Market Commentary - The article notes that past performance of investments is not indicative of future results, stressing the inherent risks associated with investing in real estate companies and housing industry firms [3]. - It mentions that the views and opinions expressed in the commentary are subject to change and should not be considered as definitive investment advice [3].

Core Insights - SurModics reported revenue of $29.57 million for the quarter ended June 2025, a decrease of 2.6% year-over-year, but exceeded the Zacks Consensus Estimate by 4.29% [1] - The company achieved an EPS of $0.06, a significant improvement from -$0.27 in the same quarter last year, resulting in an EPS surprise of 128.57% compared to the consensus estimate of -$0.21 [1] Revenue Breakdown - Product sales amounted to $16.76 million, surpassing the average estimate of $15.69 million, but reflecting a year-over-year decline of 4.6% [4] - Revenue from research, development, and other sources was $3.15 million, exceeding the average estimate of $2.37 million, marking a year-over-year increase of 35.7% [4] - Royalties and license fees generated $9.66 million, slightly below the estimated $10.2 million, representing a year-over-year decrease of 7.7% [4] Stock Performance - SurModics shares have returned +12.9% over the past month, outperforming the Zacks S&P 500 composite's +1.9% change [3] - The stock currently holds a Zacks Rank 5 (Strong Sell), indicating potential underperformance relative to the broader market in the near term [3]

Core Insights - Forrester Research reported a revenue of $111.66 million for the quarter ended June 2025, reflecting a year-over-year decline of 8.3% and an EPS of $0.51 compared to $0.68 a year ago [1] - The reported revenue exceeded the Zacks Consensus Estimate of $109.95 million by 1.55%, while the EPS surpassed the consensus estimate of $0.50 by 2% [1] Revenue Breakdown - Research revenue was $77.93 million, exceeding the average estimate of $75.29 million by three analysts, but showing a year-over-year decline of 6.9% [4] - Consulting revenue reached $23.49 million, surpassing the average estimate of $22.16 million, with a year-over-year decrease of 5.3% [4] - Event revenue was reported at $10.24 million, falling short of the average estimate of $12.51 million and reflecting a significant year-over-year decline of 23.3% [4] Stock Performance - Forrester Research shares have returned -4.7% over the past month, contrasting with the Zacks S&P 500 composite's increase of 2.7% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Core Insights - Gartner Inc. is set to release its second-quarter 2025 results on August 5, with a strong earnings surprise history, averaging 21.8% over the past four quarters [1] Revenue Expectations - The Zacks Consensus Estimate for Gartner's Q2 2025 revenue is $1.7 billion, reflecting a 4.9% increase from the same quarter last year [2] - Research segment revenues are estimated at $1.3 billion, indicating a 3.1% year-over-year growth, driven by an increase in research contracts [2] - Conference revenues are projected at $201.8 million, suggesting a more than 100% surge compared to the prior-year quarter [3] - Consulting revenues are expected to reach $148.4 million, implying a 16.3% increase year-over-year, supported by growth in contract optimization and an expanding consulting backlog [3] Earnings Expectations - The consensus estimate for earnings per share (EPS) is $3.37, indicating a 4.7% year-over-year rise, benefiting from strong margins and effective cost management [4] - Gartner's Earnings ESP is currently -2.73%, and it holds a Zacks Rank of 2 (Buy), suggesting that an earnings beat is not predicted this time [5][8]