Fundamentalytics

Peoples Financial Services' 6.7% jump on Monday: what the evidence shows

Tue, 03 Nov 2026 14:23:00 GMT

Peoples Financial Services Corp. shares rose 6.7% on Monday, 4.4x a typical day's move. Here is the clearest evidence-backed explanation.

Peoples Financial Services Corp. shares rose 6.7% on Monday, closing at $75.05.
That was 4.4x the stock's typical daily move of 1.5% over the past year.
Revenue over the twelve months to Q2 2026 was $195.3 million, which rose 6.5% on the year before.

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Why XMax shares fell 37.6% despite a $100 million AI infrastructure deal

Tue, 03 Nov 2026 14:23:00 GMT

XMax shares fell 37.6% on 2026-11-02 after disclosing a five-year AI computing agreement that a report linked to its financing commitments rather than its advertised revenue; the drop ran at 15.1x the stock's typical daily swing.

XMax shares fell 37.6% on 2026-11-02, dropping from $6.42 to $4.00.
The move ran at 15.1x the stock's typical daily swing of 2.5%, the largest decline in this direction since 21 December 2018.
Trading volume reached 5.9x the 30-day average.
Covered home-furnishings peers rose 3.3% on the same day while the S&P 500 fell 0.1%, pointing to a company-specific cause.
The 8-K disclosed a five-year AI computing agreement tied to a security guarantee and standby letter of credit due November 17, 2026.

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Nextpower rallies on a record backlog while free cash flow lags

Tue, 03 Nov 2026 12:09:00 GMT

Nextpower shares rose 15.0% on 2026-11-02 with no confirmed company disclosure that session to explain the scale of the move. The gain followed a quarterly earnings beat and raised guidance, even as free cash flow and operating margin both narrowed.

Nextpower shares rose 15.0% on 2026-11-02, a move 3.6x the stock's typical daily swing over the past year.
Volume ran at 2.5x its 30-day average, while the median move among its covered peer group fell 1.7%.
Adjusted diluted earnings per share of 1.31 beat the consensus estimate of 1.10 by 19.2%.
Revenue for the quarter rose 22.5% year over year, even as operating margin fell 1.3 percentage points to 18.7%.
Trailing twelve-month free cash flow fell 15.1% while net income rose 6.3%.

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Perion Network's 31.3% jump on Monday: what the evidence shows

Tue, 03 Nov 2026 12:09:00 GMT

Perion Network Ltd. shares rose 31.3% on Monday, 13.6x a typical day's move. Here is the clearest evidence-backed explanation.

Perion Network Ltd. shares rose 31.3% on Monday, closing at $11.43.
That was 13.6x the stock's typical daily move of 2.3% over the past year.
Revenue over the twelve months to Q4 2025 was $439.9 million, which fell 11.7% on the year before.

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Symbotic’s balance sheet is growing faster than revenue

Tue, 03 Nov 2026 12:09:00 GMT

Symbotic’s assets are expanding faster than sales, while revenue growth has slowed to 20.6%. Strong cash generation offers a more favourable reading, but its durability matters more than the balance sheet’s size.

Revenue grew 20.6%, while the balance sheet expanded faster.
Revenue growth slowed by 0.9 percentage points against the preceding quarter.
Free cash flow margin reached 32.6%, although capital expenditure is estimated from depreciation.
Average diluted shares rose 18.8%, adding a separate consideration for value per share.

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Jaguar Health: growth has slowed

Tue, 03 Nov 2026 12:08:00 GMT

Jaguar Health, Inc. shares closed at $0.82, their lowest level in a year. Here is how the price compares with the company's own figures and our model's value.

Jaguar Health, Inc. shares closed at $0.82 on Monday, 2 November, their lowest close in a year and 49.4% below the previous 52-week low of $1.62 set on 30 October 2026.
The shares have fallen 99.9% over the past year, excluding dividends.
Revenue over the twelve months to Q2 2026 was $27.8 million, which rose 135.5% on the year before.

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How to read an earnings report: revenue, EPS, guidance and the estimate

Tue, 03 Nov 2026 12:08:00 GMT

An earnings report is read in order: revenue growth, GAAP versus adjusted EPS, the analysts' estimate, guidance, then cash flow. GE Aerospace's filing for the quarter to 30 September 2026 shows what that sequence reveals beyond the headline profit figure.

Trailing-twelve-month revenue reached $52.6 billion, up 19.6% year over year.
Free cash flow of $8.0 billion gave a 15.3% free cash flow margin, up 0.6 percentage points year over year.
Diluted shares outstanding fell 2.2% year over year, a separate fact from the $8.5 billion spent on repurchases in the same period.
Moving the valuation model's growth assumption five percentage points higher would move model value +31.4%, more than the +4.1% implied by this year's free cash flow margin gain persisting.

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Tempus AI: growth has slowed

Tue, 03 Nov 2026 12:08:00 GMT

Tempus AI, Inc. is drawing far more news coverage than usual. Its own filings show twelve-month revenue of $1.5 billion, up 36.6% on the year before.

Tempus AI, Inc. drew 8 news stories in the 24 hours to 2 November, against a usual 0.4 a day.
Revenue over the twelve months to Q3 2026 was $1.5 billion, which rose 36.6% on the year before.
Operating cash flow over the twelve months was −$108.4 million.

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What to watch when Cenovus Energy Inc. reports on Wednesday 4 November

Tue, 03 Nov 2026 10:59:00 GMT

Cenovus Energy Inc. reports on Wednesday 4 November, before the market opens. Analysts expect full-year EPS of $3.92; these are the numbers and trends the report will test.

For the quarter, the analysts' average EPS estimate is $1.08, in a range from $1.05 to $1.12.
The company reported EPS above the analysts' average estimate in 3 of the last 4 quarters.
Revenue over the twelve months to Q4 2025 was $35.6 billion, which fell 10.2% on the year before.

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What to watch when RED Robin Gourmet Burgers Inc reports on Wednesday 4 November

Tue, 03 Nov 2026 10:59:00 GMT

RED Robin Gourmet Burgers Inc reports on Wednesday 4 November, after the market closes. Analysts expect full-year EPS of −$0.18; these are the numbers and trends the report will test.

For the quarter, the analysts' average EPS estimate is −$0.36, in a range from −$0.44 to −$0.28.
The company reported EPS above the analysts' average estimate in 3 of the last 4 quarters.
Revenue over the twelve months to Q2 2026 was $1.2 billion, which fell 3.7% on the year before.

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Coherent's net income rose 1,530.7% while operating cash flow fell 87.5%

Tue, 03 Nov 2026 10:59:00 GMT

Coherent Corp.'s trailing twelve-month profit has surged on paper even as the cash it actually collects has collapsed, a split the company's filings don't spell out, even as a capital spending programme now consuming 15.5% of revenue has separately drained free cash flow.

TTM net income rose 1,530.7% year over year to $805.0 million, while operating cash flow fell 87.5% to $79.5 million.
Capital expenditure grew 150.2% year over year to $1,102.9 million and now absorbs 15.5% of revenue.
Free cash flow margin fell to −14.4%, down 17.7pp year over year and the lowest of 64 quarterly readings in its filing history.
Revenue growth accelerated to 22.5%, up 4.5pp from the prior quarter, while gross margin reached 37.5%.
Diluted shares outstanding rose 26.3% year over year.

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What to watch when Edwards Lifesciences reports on Wednesday 4 November

Tue, 03 Nov 2026 10:58:00 GMT

Edwards Lifesciences reports on Wednesday 4 November, after the market closes. Analysts expect full-year EPS of $3.00; these are the numbers and trends the report will test.

For the quarter, the analysts' average EPS estimate is $0.74, in a range from $0.72 to $0.77.
The company reported EPS above the analysts' average estimate in 3 of the last 4 quarters.
Revenue over the twelve months to Q2 2026 was $6.5 billion, which rose 14.6% on the year before.

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What to watch when Tutor Perini Corp reports on Wednesday 4 November

Tue, 03 Nov 2026 10:58:00 GMT

Tutor Perini Corp reports on Wednesday 4 November, after the market closes. Analysts expect full-year EPS of $5.38; these are the numbers and trends the report will test.

For the quarter, the analysts' average EPS estimate is $1.34, in a range from $1.31 to $1.37.
The company reported EPS above the analysts' average estimate in 3 of the last 4 quarters.
Revenue over the twelve months to Q2 2026 was $5.9 billion, which rose 24.7% on the year before.

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Brookfield shares jump as LXP deal closes, far outpacing the sector

Tue, 03 Nov 2026 10:58:00 GMT

Brookfield Asset Management shares climbed after Brookfield and CPP Investments completed their acquisition of LXP Industrial Trust, a move too large for the day's peer or market moves to explain on their own.

Brookfield shares rose 6.7%, closing at $51.52 from a previous close of $48.26.
The move was 3.6x the size of a typical trading day, against a typical daily move of 1.9% over the past year.
Trading volume ran 1.3x the stock's 30-day average, and this was the largest move in this direction since 9 April 2025.
The median move among other covered asset management and custody bank companies was 0.9%, while the S&P 500 fell 0.1% the same day.

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Fed holds rates at 3.75%-4.00%: what changed

Tue, 03 Nov 2026 10:58:00 GMT

The Federal Open Market Committee held its target rate at 3.75% to 4.00% on 28 October, with two members voting for a quarter-point rise as inflation stayed above the Fed's 2% goal.

The FOMC voted 10 to 2 to hold the federal funds rate at 3.75% to 4.00%, unchanged from the previous reading and from a year earlier
CPI inflation rose 3.7% year-on-year in September, up from 3.4% in August and 3.0% a year earlier
Core PCE inflation, the Fed's preferred gauge, rose 3.1% in September, up from 3.0% in August
The 10-year Treasury yield fell to 5.0% on 29 October from 5.1% the day before
A one-point rise in the discount rate would swing our model's value negative for Ultralife (ULBI), down 438.8%; for Andersons (ANDE), down 187.7%; and for Park Hotels & Resorts (PK), down 147.7%

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IDEXX shares rose 20.3%: Q3 beat and raised guidance lift diagnostics outlook

Tue, 03 Nov 2026 10:58:00 GMT

IDEXX Laboratories shares rose 20.3% on 2026-11-02 after third-quarter results beat estimates and management raised full-year guidance, even as free cash flow outgrew net income and the operating-margin outlook was trimmed.

Shares rose 20.3%, a move 9.9x IDEXX's typical daily swing of 2.0%.
Trading volume ran 3.7x the 30-day average on the session.
The S&P 500 fell 0.1% the same day, while the median covered health-care-equipment peer rose 0.5%.
Trailing twelve-month free cash flow rose 35.3% while net income rose 15.1%.
Diluted share count fell 2.2% year over year.

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Prokidney: growth has slowed

Tue, 03 Nov 2026 10:58:00 GMT

Prokidney Corp. shares closed at $0.96, their lowest level in a year. Here is how the price compares with the company's own figures and our model's value.

Prokidney Corp. shares closed at $0.96 on Monday, 2 November, their lowest close in a year and 25.9% below the previous 52-week low of $1.29 set on 30 October 2026.
The shares have fallen 68.8% over the past year, excluding dividends.
Revenue over the twelve months to Q2 2026 was $818,000, which rose 55.2% on the year before.

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Redcloud Holdings: growth has slowed

Tue, 03 Nov 2026 10:58:00 GMT

Redcloud Holdings plc shares closed at $0.03, their lowest level in a year. Here is how the price compares with the company's own figures and our model's value.

Redcloud Holdings plc shares closed at $0.03 on Monday, 2 November, their lowest close in a year and 39.8% below the previous 52-week low of $0.06 set on 30 October 2026.
The shares have fallen 98.1% over the past year, excluding dividends.
Revenue over the twelve months to Q4 2025 was $48.5 million, which rose 4.3% on the year before.

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What to watch when CDW Corporation reports on Wednesday 4 November

Tue, 03 Nov 2026 10:58:00 GMT

CDW Corporation reports on Wednesday 4 November, before the market opens. Analysts expect full-year EPS of $10.98; these are the numbers and trends the report will test.

For the quarter, the analysts' average EPS estimate is $2.98, in a range from $2.88 to $3.20.
The company reported EPS above the analysts' average estimate in 3 of the last 4 quarters.
Revenue over the twelve months to Q2 2026 was $23.5 billion, which rose 7.4% on the year before.

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What to watch when EchoStar reports on Thursday 5 November

Tue, 03 Nov 2026 10:58:00 GMT

EchoStar reports on Thursday 5 November, before the market opens. Analysts expect full-year EPS of $24.58; these are the numbers and trends the report will test.

For the quarter, the analysts' average EPS estimate is −$0.10, in a range from −$0.10 to −$0.10.
The company reported EPS above the analysts' average estimate in 2 of the last 4 quarters.
Revenue over the twelve months to Q2 2026 was $14.7 billion, which fell 5.2% on the year before.

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What to watch when Lumentum reports on Thursday 5 November

Tue, 03 Nov 2026 10:58:00 GMT

Lumentum reports on Thursday 5 November, before the market opens. Analysts expect full-year EPS of $21.82; these are the numbers and trends the report will test.

For the quarter, the analysts' average EPS estimate is $4.22, in a range from $4.17 to $4.37.
The company reported EPS above the analysts' average estimate in 4 of the last 4 quarters.
Revenue over the twelve months to Q4 2026 was $3.0 billion, which rose 83.2% on the year before.

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What to watch when Nuscale Power Corp reports on Thursday 5 November

Tue, 03 Nov 2026 10:58:00 GMT

Nuscale Power Corp reports on Thursday 5 November, after the market closes. Analysts expect full-year EPS of −$0.59; these are the numbers and trends the report will test.

For the quarter, the analysts' average EPS estimate is −$0.12, in a range from −$0.17 to −$0.08.
The company reported EPS above the analysts' average estimate in 1 of the last 4 quarters.
Revenue over the twelve months to Q2 2026 was $10.7 million, which fell 81.0% on the year before.

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What to watch when TransDigm Group reports on Thursday 5 November

Tue, 03 Nov 2026 10:58:00 GMT

TransDigm Group reports on Thursday 5 November, before the market opens. Analysts expect full-year EPS of $41.28; these are the numbers and trends the report will test.

For the quarter, the analysts' average EPS estimate is $12.21, in a range from $11.81 to $12.58.
The company reported EPS above the analysts' average estimate in 4 of the last 4 quarters.
Revenue over the twelve months to Q3 2026 was $10.0 billion, which rose 16.6% on the year before.

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What to watch when Trump Media & Technology Group Corp. reports on Friday 6 November

Tue, 03 Nov 2026 10:58:00 GMT

Trump Media & Technology Group Corp. reports on Friday 6 November, after the market closes. these are the numbers and trends the report will test.

Revenue over the twelve months to Q2 2026 was $4.5 million, which rose 21.6% on the year before.
Revenue over the twelve months to Q2 2026 was $4.5 million, which rose 21.6% on the year before.
That growth rate was up 19.9 percentage points on the rate a quarter earlier.

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Karyopharm Therapeutics Inc. shares hit a 52-week low: what the filings show

Tue, 03 Nov 2026 10:58:00 GMT

Karyopharm Therapeutics Inc. shares closed at $0.10, their lowest level in a year. Here is how the price compares with the company's own figures and our model's value.

Karyopharm Therapeutics Inc. shares closed at $0.10 on Monday, 2 November, their lowest close in a year and 66.8% below the previous 52-week low of $0.32 set on 14 October 2026.
The shares have fallen 98.2% over the past year, excluding dividends.
Revenue over the twelve months to Q2 2026 was $146.6 million, which rose 6.8% on the year before.

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Asml Holding NV: growth has picked up

Mon, 02 Nov 2026 19:12:00 GMT

Asml Holding NV is drawing far more news coverage than usual. Its own filings show twelve-month revenue of $36.9 billion, up 20.8% on the year before.

Asml Holding NV drew 5 news stories in the 24 hours to 2 November, against a usual 0.4 a day.
Revenue over the twelve months to Q4 2025 was $36.9 billion, which rose 20.8% on the year before.
Operating cash flow over the twelve months was $14.3 billion, up 18.5% on the year before.

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Check Point Software Technologies LTD: the jump in profit did not come from the business

Mon, 02 Nov 2026 19:12:00 GMT

Check Point Software Technologies LTD is drawing far more news coverage than usual. Its own filings show twelve-month revenue of $2.7 billion, up 6.3% on the year before.

Check Point Software Technologies LTD drew 7 news stories in the 24 hours to 2 November, against a usual 0.6 a day.
Revenue over the twelve months to Q4 2025 was $2.7 billion, which rose 6.3% on the year before.
Operating cash flow over the twelve months was $1.2 billion, up 14.0% on the year before.

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The Estée Lauder Companies: growth has picked up

Mon, 02 Nov 2026 19:12:00 GMT

The Estée Lauder Companies is drawing far more news coverage than usual. Its own filings show twelve-month revenue of $15.0 billion, up 5.0% on the year before.

The Estée Lauder Companies drew 10 news stories in the 24 hours to 2 November, against a usual 1.4 a day.
Revenue over the twelve months to Q4 2026 was $15.0 billion, which rose 5.0% on the year before.
Operating cash flow over the twelve months was $1.8 billion, up 39.4% on the year before.

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Kosmos Energy: growth has picked up

Mon, 02 Nov 2026 19:12:00 GMT

Kosmos Energy Ltd. is drawing far more news coverage than usual. Its own filings show twelve-month revenue of $1.6 billion, up 6.4% on the year before.

Kosmos Energy Ltd. drew 9 news stories in the 24 hours to 2 November, against a usual 0.3 a day.
Revenue over the twelve months to Q2 2026 was $1.6 billion, which rose 6.4% on the year before.
Operating cash flow over the twelve months was $289.3 million, down 6.2% on the year before.

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Marriott International: growth has picked up

Mon, 02 Nov 2026 19:11:00 GMT

Marriott International is drawing far more news coverage than usual. Its own filings show twelve-month revenue of $27.4 billion, up 5.8% on the year before.

Marriott International drew 8 news stories in the 24 hours to 2 November, against a usual 1.6 a day.
Revenue over the twelve months to Q3 2026 was $27.4 billion, which rose 5.8% on the year before.
Operating cash flow over the twelve months was $4.1 billion, up 50.6% on the year before.

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What to watch when Carlyle Group Inc. reports on Wednesday 4 November

Mon, 02 Nov 2026 13:15:00 GMT

Carlyle Group Inc. reports on Wednesday 4 November, after the market closes. Analysts expect full-year EPS of $3.52; these are the numbers and trends the report will test.

For the quarter, the analysts' average EPS estimate is $0.97, in a range from $0.90 to $1.07.
The company reported EPS above the analysts' average estimate in 2 of the last 4 quarters.
Revenue over the twelve months to Q2 2026 was $3.6 billion, which fell 41.9% on the year before.

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Atyr Pharma: dilution is working against shareholders

Mon, 02 Nov 2026 13:13:00 GMT

Atyr Pharma Inc shares closed at $4.94, their highest level in a year. Here is how the price compares with the company's own figures and our model's value.

Atyr Pharma Inc shares closed at $4.94 on Friday, 30 October, their highest close in a year and 370.5% above the previous 52-week high of $1.05 set on 19 February 2026.
The shares have risen 407.7% over the past year, excluding dividends.
Revenue over the twelve months to Q4 2025 was $190,000, which fell 19.1% on the year before.

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Bright Horizons shares fell 17.9%: $294.0 million impairment drives quarterly loss

Mon, 02 Nov 2026 13:13:00 GMT

Bright Horizons shares fell 17.9% on 2026-10-30 after a $294.0 million goodwill impairment in its international full-service childcare business drove a net loss, even as adjusted earnings per share beat consensus and revenue rose 4.8%.

Bright Horizons shares fell 17.9% on 2026-10-30, closing at $54.98.
A $294.0 million goodwill impairment in the company's international full-service centres pushed the quarter to a net loss of −$230.7 million.
Revenue still rose 4.8% to $841.5 million, and adjusted earnings per share of 1.80 beat the 1.76 consensus by +2.4%.
The fall was 6.1x the size of a typical trading day for the stock, on volume 8.5x the 30-day average.
Our base-case model value per share is $96.00, built on a growth assumption of 6.7%.

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Cavco Industries' 13.1% jump on Friday: what the evidence shows

Mon, 02 Nov 2026 13:13:00 GMT

Cavco Industries, Inc. shares rose 13.1% on Friday, 4.7x a typical day's move. Here is the clearest evidence-backed explanation.

Cavco Industries, Inc. shares rose 13.1% on Friday, closing at $619.00.
That was 4.7x the stock's typical daily move of 2.8% over the past year.
Revenue over the twelve months to Q2 2027 was $2.4 billion, which rose 11.8% on the year before.

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Cboe shares rose 6.8% as earnings beat forecasts and guidance moved higher

Mon, 02 Nov 2026 13:13:00 GMT

Cboe Global Markets shares rose 6.8% on 2026-10-30 after third-quarter adjusted earnings of 3.63 beat the 3.43 consensus and the exchange operator raised its full-year revenue growth outlook.

Cboe shares rose 6.8% on 2026-10-30, a move about 3.0x the size of its typical daily swing over the past year.
Adjusted diluted earnings per share of 3.63 beat the 3.43 consensus estimate by 5.7%.
GAAP diluted EPS reached a record 4.08, up 43.2% from the third quarter of 2025.
Net revenue rose to $712.2 million, up 17.6% year on year, while net income rose to $428.2 million, up 42.4%.
A one-percentage-point move in free cash flow margin shifts our model's value per share by −2.0%.

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Coursera: growth has picked up

Mon, 02 Nov 2026 13:13:00 GMT

Coursera, Inc. shares closed at $3.47, their lowest level in a year. Here is how the price compares with the company's own figures and our model's value.

Coursera, Inc. shares closed at $3.47 on Friday, 30 October, their lowest close in a year and 25.2% below the previous 52-week low of $4.64 set on 28 September 2026.
The shares have fallen 58.9% over the past year, excluding dividends.
Revenue over the twelve months to Q2 2026 was $885.4 million, which rose 22.7% on the year before.

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Laureate beat Q3 estimates, but the gain leaned on a one-off tax benefit and slower growth

Mon, 02 Nov 2026 13:13:00 GMT

Laureate Education shares fell 7.7% on the session after third-quarter results, as a sequential slowdown and a one-off tax benefit behind the headline profit beat outweighed reaffirmed full-year guidance and a $150 million increase to the buyback programme.

Laureate Education shares fell 7.7% on 2026-10-30, 3.7x the stock's typical daily move and on volume 2.8x its 30-day average.
Revenue fell 21.2% from the second quarter to $485.1 million, even though it rose 21.2% from a year earlier.
Diluted earnings per share fell 25.5% from the second quarter, even as it rose 217.4% from the prior year to 0.73.
Adjusted earnings per share of 0.52 beat the consensus estimate of 0.46 by 13.2%, a far smaller margin than the raw GAAP figure implied.
The S&P 500 fell 1.8% the same session, far less than Laureate's decline, pointing to a company-specific cause rather than a market-wide move.

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Mortgage rates at 7.2%: what it means for buyers, owners and rate-sensitive stocks

Mon, 02 Nov 2026 13:13:00 GMT

The 30-year mortgage rate eased to 7.2% from 7.3% a week earlier but remains well above last year's 6.2%, as the 10-year Treasury yield holds near 5.0%. Here is the arithmetic behind payments, refinancing, the lock-in effect and rate-sensitive company valuations.

The 30-year fixed mortgage rate eased to 7.2% in the week to 29 October, from 7.3% the week before, but stayed above the 6.2% level recorded a year earlier.
The 10-year Treasury yield, which mortgage lenders price against, slipped to 5.0% from 5.1%, versus 4.1% a year ago.
Consumer price inflation accelerated to 3.7% year-on-year in September from 3.4% in August.
The Federal Reserve held its federal funds target at an upper bound of 4.0% for a third consecutive reading.
A one-point rise in the discount rate used in our model cuts modelled value by 55.4% for PSEG, 47.5% for NRG Energy and 41.4% for Constellation Energy.

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PTC: free cash flow growth of 10.1% trails net income's 138.7% rise

Mon, 02 Nov 2026 13:13:00 GMT

PTC's trailing twelve-month free cash flow rose 10.1% while net income rose 138.7%, a gap that shows up in margins, capital spending and buybacks rather than in the top line.

TTM free cash flow grew 10.1% while net income grew 138.7%, widening the gap between the two measures.
Revenue growth slowed to 19.5% TTM, down 8.3 percentage points from the prior quarter.
Operating margin reached 37.8% TTM, up 7.8 percentage points year over year.
FCF margin fell 2.7 percentage points year over year to 31.7%, though it remains in the 94th percentile of its own history.
PTC spent $1.4 billion on share repurchases over the trailing twelve months, while diluted shares outstanding fell 2.0%.

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Reddit: growth has slowed

Mon, 02 Nov 2026 13:13:00 GMT

Reddit, Inc. shares closed at $91.73, their lowest level in a year. Here is how the price compares with the company's own figures and our model's value.

Reddit, Inc. shares closed at $91.73 on Friday, 30 October, their lowest close in a year and 24.7% below the previous 52-week low of $121.84 set on 27 March 2026.
The shares have fallen 56.5% over the past year, excluding dividends.
Revenue over the twelve months to Q3 2026 was $3.1 billion, which rose 62.2% on the year before.

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Tempus AI: free cash flow margin improves faster than operating margin

Mon, 02 Nov 2026 13:13:00 GMT

Tempus AI's trailing twelve-month free cash flow margin rose 13.1 percentage points year over year, more than the 3.4-point gain in operating margin, even as revenue growth slowed for a third straight quarter.

TTM free cash flow margin reached -9.1%, its best level in nine TTM periods (88.9th percentile of its own history).
Free cash flow margin rose 13.1 percentage points year over year, versus a 3.4-point rise in operating margin over the same period.
Revenue growth slowed to 36.6% TTM, down 13.9 percentage points from the prior quarter.
Operating cash flow stayed negative at -$108.4 million TTM, while capital expenditure rose 17.2% to $28.4 million.
Net income was -$189.3 million TTM, for a net margin of -12.5%.

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The 10-year Treasury yield is near 5%: what that means for stock valuations

Mon, 02 Nov 2026 13:13:00 GMT

The 10-year Treasury yield eased to 4.98% in late October, still up from 4.08% a year earlier. We show how a one percentage point rise in the discount rate would affect modelled values for three power companies, and what today's rates mean for savers and borrowers.

The 10-year Treasury yield eased to 4.98% on 29 October 2026, down from 5.05% the previous reading but up from 4.08% a year earlier.
The 2-year Treasury yield stood at 4.61%, leaving the 10-year/2-year spread at 0.38 percentage points, little changed from 0.37 points the prior reading.
A one percentage point rise in the discount rate would cut modelled value by 55.4% at Public Service Enterprise Group, 47.5% at NRG Energy and 41.4% at Constellation Energy.
The 30-year mortgage rate was 7.24% on 29 October 2026, up from 6.19% a year earlier.
The Federal Reserve's target rate (upper bound) has held at 4.0% across all three readings covered here, including a year ago.

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Wabash falls 11.5% as pulled-forward capacity spending swamps a revenue beat

Mon, 02 Nov 2026 13:13:00 GMT

Shares fell 11.5% on 30 October, a day after Wabash reported an adjusted earnings miss and said it had pulled forward 2027 capacity spending into the third quarter, even as revenue rose 24.8% and backlog climbed sharply.

Shares fell 11.5%, the largest one-day move in this direction since 1 May 2026, on volume 2.2x the 30-day average.
Adjusted third-quarter EPS fell 38.5% short of consensus; Wabash has beaten the estimate in only 1 of the last four quarters.
Revenue rose 24.8% year on year to $476.4 million, the fastest growth of the past eight quarters (0 outpaced it).
Operating income fell 134.7% year on year, swinging to a loss of −$20.0 million from income of $57.6 million.
Free cash flow fell to −$40.8 million in the quarter, reversing $79.9 million a year earlier, and the trailing-twelve-month margin has fallen to −9.0%.

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What to watch when Bumble Inc. reports on Wednesday 4 November

Mon, 02 Nov 2026 13:13:00 GMT

Bumble Inc. reports on Wednesday 4 November, after the market closes. Analysts expect full-year EPS of $0.35; these are the numbers and trends the report will test.

For the quarter, the analysts' average EPS estimate is $0.22, in a range from $0.22 to $0.22.
The company reported EPS above the analysts' average estimate in 3 of the last 4 quarters.
Revenue over the twelve months to Q2 2026 was $893.2 million, which fell 13.3% on the year before.

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What to watch when Eastman Kodak Co reports on Tuesday 3 November

Mon, 02 Nov 2026 13:13:00 GMT

Eastman Kodak Co reports on Tuesday 3 November, after the market closes. Analysts expect full-year EPS of $0.39; these are the numbers and trends the report will test.

For the quarter, the analysts' average EPS estimate is $0.16, in a range from $0.16 to $0.16.
Revenue over the twelve months to Q2 2026 was $1.1 billion, which rose 9.5% on the year before.
That growth rate was up 5.0 percentage points on the rate a quarter earlier.

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What to watch when Papa Johns International Inc reports on Thursday 5 November

Mon, 02 Nov 2026 13:13:00 GMT

Papa Johns International Inc reports on Thursday 5 November, before the market opens. Analysts expect full-year EPS of $1.16; these are the numbers and trends the report will test.

For the quarter, the analysts' average EPS estimate is $0.15, in a range from $0.06 to $0.32.
The company reported EPS above the analysts' average estimate in 2 of the last 4 quarters.
Revenue over the twelve months to Q2 2026 was $2.0 billion, which fell 5.6% on the year before.

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What to watch when Roivant Sciences Ltd. reports on Monday 9 November

Mon, 02 Nov 2026 13:13:00 GMT

Roivant Sciences Ltd. reports on Monday 9 November, before the market opens. Analysts expect full-year EPS of −$1.58; these are the numbers and trends the report will test.

For the quarter, the analysts' average EPS estimate is −$0.45, in a range from −$0.59 to −$0.35.
The company reported EPS above the analysts' average estimate in 4 of the last 4 quarters.
Revenue over the twelve months to Q1 2027 was $7.5 million, which fell 67.6% on the year before.

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What to watch when Shake Shack Inc. reports on Thursday 5 November

Mon, 02 Nov 2026 13:13:00 GMT

Shake Shack Inc. reports on Thursday 5 November, before the market opens. Analysts expect full-year EPS of $1.13; these are the numbers and trends the report will test.

For the quarter, the analysts' average EPS estimate is $0.34, in a range from $0.30 to $0.40.
The company reported EPS above the analysts' average estimate in 3 of the last 4 quarters.
Revenue over the twelve months to Q2 2026 was $1.6 billion, which rose 17.3% on the year before.

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Why Credit Acceptance shares fell 19.3%: a $291.2 million forecast cut triggered the loss

Mon, 02 Nov 2026 13:13:00 GMT

Credit Acceptance shares fell 19.3% on 2026-10-30, a day after the lender cut its forecast of future loan cash flows by $291.2 million and reported a third-quarter net loss.

Credit Acceptance shares fell 19.3% on 2026-10-30, about 8.1x the size of its typical daily move (2.4%).
The company cut its forecast of future loan portfolio cash flows by $291.2 million (2.5%) in the quarter, versus a $58.6 million (0.5%) cut a year earlier.
GAAP net loss was −$56.6 million (−5.43 per diluted share), against net income of $108.2 million a year earlier.
Adjusted earnings per share of 13.01 beat the average analyst estimate of 12.34 by 5.5%, the fourth straight quarterly beat (4 of the last four).
Trading volume was 3.7x the 30-day average, and the drop was the largest of its kind since 30 October 2015.

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Why Proto Labs shares fell: raw material costs overshadow a record quarter

Mon, 02 Nov 2026 13:13:00 GMT

Proto Labs shares fell 11.3% on 2026-10-30 after a record third quarter and raised guidance. Reports tied the slide to higher raw material costs squeezing margins rather than the headline earnings beat.

Shares fell 11.3% on 2026-10-30, a move 3.6x Proto Labs' typical daily swing over the past year.
Third-quarter revenue rose 14.0% to a record $154.3 million, and GAAP operating margin was up 2.8 percentage points year on year.
GAAP gross margin fell 0.8 percentage points from a year earlier, the line that reports tied to higher raw material costs.
Trailing-twelve-month free cash flow fell 28.2% even as net income rose 136.0%.
Our base-case model puts Proto Labs' fair value at $48.00 a share under current assumptions.

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Zone Frontier: growth has slowed

Mon, 02 Nov 2026 13:13:00 GMT

Zone Frontier Inc. shares closed at $3.80, their lowest level in a year. Here is how the price compares with the company's own figures and our model's value.

Zone Frontier Inc. shares closed at $3.80 on Friday, 30 October, their lowest close in a year and 33.3% below the previous 52-week low of $5.70 set on 16 October 2026.
The shares have fallen 94.3% over the past year, excluding dividends.
Revenue over the twelve months to Q4 2026 was $3.4 million, which rose 64.2% on the year before.

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ACCO shares rose 26.1% as a tariff refund flattered a flat quarter

Mon, 02 Nov 2026 10:59:00 GMT

Acco Brands shares rose 26.1% on 30 October, their biggest jump since 30 October 2015, after a tariff refund lifted adjusted earnings past consensus by 50.0% and the company raised its full-year outlook.

Acco Brands shares rose 26.1% on 30 October, a move 10.3x the stock's typical daily swing of 2.5% over the past year.
Volume ran at 8.1x the 30-day average as adjusted earnings per share of 0.28 beat the consensus estimate of 0.19 by 50.0%.
Third-quarter net sales fell 0.9% year over year to $380.3 million, which the company said was in line with its own outlook.
Operating cash flow rose 83.8% year over year to $131.4 million in the quarter.
The S&P 500 fell 1.8% the same session, while covered office-supplies peers fell a median 0.3%.

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What to watch when ADT Inc. reports on Tuesday 3 November

Mon, 02 Nov 2026 10:59:00 GMT

ADT Inc. reports on Tuesday 3 November, before the market opens. Analysts expect full-year EPS of $0.92; these are the numbers and trends the report will test.

For the quarter, the analysts' average EPS estimate is $0.23, in a range from $0.22 to $0.24.
The company reported EPS above the analysts' average estimate in 4 of the last 4 quarters.
Revenue over the twelve months to Q2 2026 was $5.2 billion, which rose 2.1% on the year before.

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What to watch when ARM Holdings PLC reports on Wednesday 4 November

Mon, 02 Nov 2026 10:59:00 GMT

ARM Holdings PLC reports on Wednesday 4 November, after the market closes. Analysts expect full-year EPS of $2.23; these are the numbers and trends the report will test.

For the quarter, the analysts' average EPS estimate is $0.48, in a range from $0.46 to $0.50.
The company reported EPS above the analysts' average estimate in 4 of the last 4 quarters.
Revenue over the twelve months to Q4 2026 was $4.9 billion, which rose 22.8% on the year before.

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What to watch when News Corp (Class A) reports on Wednesday 4 November

Mon, 02 Nov 2026 10:59:00 GMT

News Corp (Class A) reports on Wednesday 4 November, after the market closes. Analysts expect full-year EPS of $1.32; these are the numbers and trends the report will test.

For the quarter, the analysts' average EPS estimate is $0.26, in a range from $0.24 to $0.27.
The company reported EPS above the analysts' average estimate in 4 of the last 4 quarters.
Revenue over the twelve months to Q4 2026 was $9.0 billion, which rose 6.8% on the year before.

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What to watch when Snap Inc reports on Wednesday 4 November

Mon, 02 Nov 2026 10:59:00 GMT

Snap Inc reports on Wednesday 4 November, after the market closes. Analysts expect full-year EPS of −$0.07; these are the numbers and trends the report will test.

For the quarter, the analysts' average EPS estimate is $0.16, in a range from $0.13 to $0.19.
The company reported EPS above the analysts' average estimate in 4 of the last 4 quarters.
Revenue over the twelve months to Q2 2026 was $6.4 billion, which rose 12.6% on the year before.

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Atlassian earnings improve while operating cash flow falls 7.3%

Sun, 01 Nov 2026 16:59:00 GMT

Atlassian is approaching accounting profitability, yet operating cash flow is shrinking. Revenue growth and wider operating margins support the recovery, but weaker cash conversion complicates the assessment of its durability.

Operating cash flow fell 7.3% despite revenue growth of 26.0%.
Operating margin improved by 2.7 percentage points to 0.2%, while net margin remained negative at −0.8%.
Free cash flow fell 6.8%, with its margin declining by 7.1 percentage points to 20.1%.
The model value falls 25.4% if the past year's free-cash-flow margin deterioration persists.

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Intel fell 28.6%: PC weakness and lower margin guidance overshadow growth

Sun, 01 Nov 2026 16:59:00 GMT

Intel’s revenue rose 20.9%, but its forecast points to weaker sales and margins. The company’s warning of a prolonged PC slowdown provides the strongest explanation for the sell-off.

Intel shares fell 28.6%, while covered semiconductor peers fell 6.2% at the median.
Quarterly revenue rose 20.9% from a year earlier and rose 2.4% from the previous quarter.
Intel forecast a gross margin of 37.1%, below the quarter’s 43.0%.

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Veralto rose 6.8%: higher earnings guidance follows sales growth

Sun, 01 Nov 2026 16:58:00 GMT

Veralto raised its earnings outlook as water demand strengthened. Shares rose 6.8%, although the gap between adjusted and reported operating profit deserves attention.

Shares rose 6.8% following results and higher full-year adjusted earnings guidance.
Quarterly revenue rose 7.5% from a year earlier.
Reported operating income fell 8.6%, despite higher adjusted profitability.
Quarterly free cash flow reached $304.0 million, compared with $258.0 million a year earlier.

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Why did RBC Bearings shares fall 6.8% as quarterly profits weakened?

Sun, 01 Nov 2026 16:58:00 GMT

RBC Bearings shares fell 6.8% after results showed lower profits and operating cash flow than the previous quarter. That offers a plausible explanation, although annual growth remained strong and the cause of the selling is unconfirmed.

Shares fell 6.8%, while covered industry peers fell 2.5%.
Revenue rose 1.0% from the previous quarter, but operating income fell 6.5%.
Quarterly operating cash flow fell 38.1% from the previous quarter.
Operating income rose 34.6% from a year earlier.

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Why were GoDaddy shares up 10.7%? Airo gains and wider margins

Sun, 01 Nov 2026 13:08:00 GMT

GoDaddy shares rose 10.7% after results showed faster profit growth and Airo contributing to bookings. The earnings release is confirmed; its precise contribution to the rally remains an interpretation.

GoDaddy shares rose 10.7% while the broader market fell.
Quarterly operating income rose 22.2%, outpacing revenue growth.
Operating margin reached 27.0%.
Quarterly operating cash flow rose 9.8%.

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Mortgage rates at 7.2% keep pressure on buyers and housing turnover

Sun, 01 Nov 2026 13:00:00 GMT

US mortgage rates eased in the latest reading but remain above their year-earlier level. Buyers still face higher financing costs, while homeowners with cheaper existing loans have a reason to delay moving.

The mortgage rate eased to 7.2%, compared with 7.3% previously and 6.2% a year earlier.
The Treasury yield eased to 5.0%, compared with 5.1% previously and 4.1% a year earlier.
CPI inflation rose to 3.7%, while the Fed funds target upper bound remained at 4.0%.
A higher discount rate produces model value changes of −438.8% for ULBI, −187.7% for ANDE and −147.7% for PK.

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Olin rallies as vinyls operations recover and Huntsman merger advances

Sun, 01 Nov 2026 13:00:00 GMT

Olin shares rose 9.7% after the company reported restored vinyls operations and progress towards its Huntsman merger. Quarterly cash flow improved, although profit remained below a year earlier.

Olin shares rose 9.7% following its results and merger update.
Quarterly operating income rose 27.3% from the previous quarter.
Quarterly free cash flow reached $76.5 million.
Quarterly operating income fell 28.5% from a year earlier.

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WTI crude at $103.37 raises fuel costs and supports producers’ cash flow

Sun, 01 Nov 2026 13:00:00 GMT

WTI crude is well above its year-earlier level, supporting producers’ cash receipts while raising costs for fuel users. Headline inflation exceeds core inflation, although the figures do not establish how much oil explains.

WTI crude stood at $103.37, below the previous observation of $105.25.
The year-earlier WTI reading was $62.13, leaving fuel users facing a substantially higher crude benchmark.
Headline CPI inflation was 3.7%, compared with core inflation of 2.6%.
Long-term breakeven inflation stood at 2.3%, offering a different perspective from the latest consumer-price readings.

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Ameriprise’s profit rises as quarterly cash generation weakens

Sun, 01 Nov 2026 12:29:00 GMT

Ameriprise’s quarterly net income rose 23.5%, while operating cash flow fell 33.3%. Wealth management fees supported earnings, but insurance valuation effects complicate the comparison and asset-management outflows persist.

Quarterly net income rose 23.5%, while operating cash flow fell 33.3% from a year earlier.
Revenue rose 6.1% from a year earlier, slower than its 9.7% compound annual growth over the historical three-year period.
Adjusted operating EPS was $11.26, distinct from GAAP diluted EPS of $12.32.
Trailing free cash flow grew 25.1%, providing a stronger alternative reading of the quarterly cash decline.

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Atlassian free cash flow fell 6.8% as earnings improved

Sun, 01 Nov 2026 12:29:00 GMT

Atlassian’s earnings improved, but free cash flow fell 6.8% as revenue expanded. Lower capital spending cushioned the cash decline, leaving the main concern in operating cash generation.

Free cash flow fell 6.8% while Atlassian remained loss-making, with a net loss of $53.8 million.
Revenue grew 26.0%, but operating cash flow fell 7.3%.
Free cash flow margin fell 7.1 percentage points to 20.1%.
If the past year’s cash-margin decline persists, the model indicates a 25.4% reduction in value.

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BrightSpring raises guidance as profit growth outpaces revenue

Sun, 01 Nov 2026 12:29:00 GMT

BrightSpring shares rose 11.1% after quarterly results and higher guidance. Operating profit grew faster than revenue, while stronger cash generation supported the earnings improvement.

BrightSpring shares rose 11.1% after results and higher full-year guidance.
Quarterly revenue rose 26.4%, while operating profit rose 82.7%.
Quarterly free cash flow reached $182.2 million, compared with $92.2 million a year earlier.

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Capri raises its outlook as full-price sales strengthen

Sun, 01 Nov 2026 12:29:00 GMT

Capri shares rose 16.3% after stronger margins and a higher outlook supported hopes of recovery at Michael Kors and Jimmy Choo. Earlier wholesale shipments helped revenue, leaving a test for the next quarter.

Capri shares rose 16.3% after results exceeded company expectations and management raised its outlook.
Quarterly revenue fell 5.5%, while gross margin reached 63.3%.
Quarterly free cash flow was $36.0 million, supported by a return to operating profit.

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Caredx: growth has picked up

Sun, 01 Nov 2026 12:29:00 GMT

Caredx, Inc. shares closed at $87.50, their highest level in a year. Here is how the price compares with the company's own figures and our model's value.

Caredx, Inc. shares closed at $87.50 on Friday, 30 October, their highest close in a year and 21.3% above the previous 52-week high of $72.13 set on 28 October 2026.
The shares have risen 512.7% over the past year, excluding dividends.
Revenue over the twelve months to Q3 2026 was $497.4 million, which rose 38.9% on the year before.

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Eastman Chemical Co: growth has picked up

Sun, 01 Nov 2026 12:29:00 GMT

Eastman Chemical Co is drawing far more news coverage than usual. Its own filings show twelve-month revenue of $9.0 billion, up 0.3% on the year before.

Eastman Chemical Co drew 5 news stories in the 24 hours to 1 November, against a usual 1 a day.
Revenue over the twelve months to Q3 2026 was $9.0 billion, which rose 0.3% on the year before.
Operating cash flow over the twelve months was $879.0 million, down 12.8% on the year before.

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Gates Industrial falls despite raised guidance as quarterly cash flow weakens

Sun, 01 Nov 2026 12:29:00 GMT

Gates Industrial shares fell 9.2% despite higher profit guidance. Quarterly operating cash flow fell 37.6%, offering a reason for caution, though the precise selling catalyst remains unidentified.

Gates Industrial shares fell 9.2% despite increased full-year profitability guidance.
Quarterly revenue rose 5.6%, while operating cash flow fell 37.6%.
Quarterly free cash flow was $42.4 million, against $80.5 million a year earlier.

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Godaddy: growth has slowed

Sun, 01 Nov 2026 12:29:00 GMT

Godaddy Inc. is drawing far more news coverage than usual. Its own filings show twelve-month revenue of $5.2 billion, up 6.4% on the year before.

Godaddy Inc. drew 5 news stories in the 24 hours to 1 November, against a usual 1.4 a day.
Revenue over the twelve months to Q3 2026 was $5.2 billion, which rose 6.4% on the year before.
Operating cash flow over the twelve months was $1.8 billion, up 12.9% on the year before.

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Global Payments' 13.0% jump on Friday: what the evidence shows

Sun, 01 Nov 2026 12:29:00 GMT

Global Payments shares rose 13.0% on Friday, 4.9x a typical day's move. Here is the clearest evidence-backed explanation.

Global Payments shares rose 13.0% on Friday, closing at $96.84.
That was 4.9x the stock's typical daily move of 2.6% over the past year.
Revenue over the twelve months to Q2 2026 was $10.2 billion, which rose 32.5% on the year before.

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Grid Dynamics Holdings: growth has slowed

Sun, 01 Nov 2026 12:29:00 GMT

Grid Dynamics Holdings, Inc. shares closed at $13.36, their highest level in a year. Here is how the price compares with the company's own figures and our model's value.

Grid Dynamics Holdings, Inc. shares closed at $13.36 on Friday, 30 October, their highest close in a year and 32.8% above the previous 52-week high of $10.06 set on 10 December 2025.
The shares have risen 64.9% over the past year, excluding dividends.
Revenue over the twelve months to Q3 2026 was $432.7 million, which rose 6.6% on the year before.

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Odyssey Marine Exploration: the decline in sales is deepening

Sun, 01 Nov 2026 12:29:00 GMT

Odyssey Marine Exploration Inc shares closed at $11.30, their highest level in a year. Here is how the price compares with the company's own figures and our model's value.

Odyssey Marine Exploration Inc shares closed at $11.30 on Friday, 30 October, their highest close in a year and 366.9% above the previous 52-week high of $2.42 set on 27 October 2025.
The shares have risen 366.9% over the past year, excluding dividends.
Revenue over the twelve months to Q2 2026 was $184,074, which fell 70.3% on the year before.

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Onespan: growth has picked up

Sun, 01 Nov 2026 12:29:00 GMT

Onespan Inc. shares closed at $25.66, their highest level in a year. Here is how the price compares with the company's own figures and our model's value.

Onespan Inc. shares closed at $25.66 on Friday, 30 October, their highest close in a year and 24.6% above the previous 52-week high of $20.60 set on 26 October 2026.
The shares have risen 76.2% over the past year, excluding dividends.
Revenue over the twelve months to Q3 2026 was $253.2 million, which rose 4.9% on the year before.

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Palo Alto Networks’ balance sheet is growing faster than revenue

Sun, 01 Nov 2026 12:29:00 GMT

Palo Alto Networks’ asset expansion is outpacing sales while operating profitability weakens. Free cash flow is still growing, but its falling margin complicates the case that a larger balance sheet will produce stronger returns.

Revenue grew 24.5%, while the balance sheet expanded faster than sales.
Operating margin fell 7.4 percentage points to 6.1%.
Free cash flow grew 18.6%, but its margin fell 1.8 percentage points.
The past year’s free cash flow margin decline implies a 4.7% reduction in model value if it persists.

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Regeneron shares rose 13.3%: Dupixent profits drive earnings surge

Sun, 01 Nov 2026 12:29:00 GMT

Higher Dupixent profits and the end of a Sanofi development repayment lifted Regeneron's earnings. Shares rose 13.3%, although cash generation gives a more cautious reading of the improvement.

Shares rose 13.3% after results showed stronger Dupixent profits and improved Sanofi collaboration economics.
Quarterly revenue rose 36.3%, while operating income rose 99.5%.
Quarterly operating margin reached 40.0%.
Trailing annual free cash flow fell 9.4%, tempering the earnings improvement.

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ResMed earnings rise as operating margin and cash flow weaken

Sun, 01 Nov 2026 12:29:00 GMT

ResMed shares fell 9.1% after results showed weaker operating margin and cash generation alongside higher earnings. Those pressures offer a plausible explanation, but the specific cause of the sell-off remains unconfirmed.

ResMed shares fell 9.1% as covered industry peers also declined.
Quarterly revenue rose 5.9%, while operating income rose 1.4%.
Quarterly operating cash flow fell 7.6%.

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Twilio shares fell 15.2%: organic growth outlook slows

Sun, 01 Nov 2026 12:29:00 GMT

Twilio shares fell 15.2% after its organic growth outlook signalled a slowdown. Quarterly revenue rose 19.9%, while stronger profitability offered a counterweight to concerns about demand.

Twilio shares fell 15.2% as coverage linked the decline to slower organic growth guidance.
Quarterly revenue rose 19.9% from a year earlier.
GAAP operating margin reached 9.5%.
Operating cash flow rose 47.7% from a year earlier.

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US inflation rose to 3.1% in September: what it means for rates

Sun, 01 Nov 2026 12:29:00 GMT

Core PCE inflation rose to 3.1%, above the previous reading and its year-earlier level. The increase weakens the evidence of easing inflation, while interest-rate sensitivity remains a material risk in company valuations.

Core PCE inflation reached 3.1%, compared with 3.0% previously and 2.8% a year earlier.
The federal funds target upper bound stood at 4.0%.
The two-year Treasury yield was 4.6%, while the ten-year yield was 5.0%.
Our discount-rate sensitivity results require caution: the largest model-value change was −438.8%.

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What to watch when Allegiant Travel Co reports on Wednesday 4 November

Sun, 01 Nov 2026 12:29:00 GMT

Allegiant Travel Co reports on Wednesday 4 November, after the market closes. Analysts expect full-year EPS of $5.50; these are the numbers and trends the report will test.

For the quarter, the analysts' average EPS estimate is −$0.50, in a range from −$1.06 to −$0.08.
The company reported EPS above the analysts' average estimate in 3 of the last 4 quarters.
Revenue over the twelve months to Q2 2026 was $2.9 billion, which rose 12.2% on the year before.

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What to watch when Corecivic, Inc. reports on Wednesday 4 November

Sun, 01 Nov 2026 12:29:00 GMT

Corecivic, Inc. reports on Wednesday 4 November, after the market closes. Analysts expect full-year EPS of $1.68; these are the numbers and trends the report will test.

For the quarter, the analysts' average EPS estimate is $0.43, in a range from $0.41 to $0.47.
The company reported EPS above the analysts' average estimate in 3 of the last 4 quarters.
Revenue over the twelve months to Q2 2026 was $2.5 billion, which rose 24.3% on the year before.

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What to watch when Harley-davidson, Inc. reports in November (estimated date)

Sun, 01 Nov 2026 12:29:00 GMT

Harley-davidson, Inc. is expected to report around Tuesday 3 November. Analysts expect full-year EPS of $0.68; these are the numbers and trends the report will test.

For the quarter, the analysts' average EPS estimate is −$0.75, in a range from −$1.09 to −$0.31.
The company reported EPS above the analysts' average estimate in 1 of the last 4 quarters.
Revenue over the twelve months to Q2 2026 was $4.2 billion, which fell 5.2% on the year before.

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What to watch when Innodata Inc reports on Thursday 5 November

Sun, 01 Nov 2026 12:29:00 GMT

Innodata Inc reports on Thursday 5 November, after the market closes. Analysts expect full-year EPS of $1.65; these are the numbers and trends the report will test.

For the quarter, the analysts' average EPS estimate is $0.27, in a range from $0.18 to $0.42.
The company reported EPS above the analysts' average estimate in 3 of the last 4 quarters.
Revenue over the twelve months to Q2 2026 was $317.2 million, which rose 39.0% on the year before.

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What to watch when Mattel Inc reports on Thursday 5 November

Sun, 01 Nov 2026 12:29:00 GMT

Mattel Inc reports on Thursday 5 November, after the market closes. Analysts expect full-year EPS of $1.30; these are the numbers and trends the report will test.

For the quarter, the analysts' average EPS estimate is $0.94, in a range from $0.77 to $1.12.
The company reported EPS above the analysts' average estimate in 1 of the last 4 quarters.
Revenue over the twelve months to Q2 2026 was $5.5 billion, which rose 2.9% on the year before.

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What to watch when Oscar Health, Inc. reports on Thursday 5 November

Sun, 01 Nov 2026 12:29:00 GMT

Oscar Health, Inc. reports on Thursday 5 November, before the market opens. Analysts expect full-year EPS of $1.94; these are the numbers and trends the report will test.

For the quarter, the analysts' average EPS estimate is −$0.17, in a range from −$0.40 to $0.07.
The company reported EPS above the analysts' average estimate in 3 of the last 4 quarters.
Revenue over the twelve months to Q2 2026 was $15.3 billion, which rose 42.8% on the year before.

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What to watch when Qualcomm reports on Wednesday 4 November

Sun, 01 Nov 2026 12:29:00 GMT

Qualcomm reports on Wednesday 4 November, after the market closes. Analysts expect full-year EPS of $10.48; these are the numbers and trends the report will test.

For the quarter, the analysts' average EPS estimate is $2.16, in a range from $2.09 to $2.24.
The company reported EPS above the analysts' average estimate in 3 of the last 4 quarters.
Revenue over the twelve months to Q3 2026 was $44.1 billion, which rose 1.9% on the year before.

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What to watch when Shopify Inc. reports on Tuesday 3 November

Sun, 01 Nov 2026 12:29:00 GMT

Shopify Inc. reports on Tuesday 3 November, before the market opens. Analysts expect full-year EPS of $1.91; these are the numbers and trends the report will test.

For the quarter, the analysts' average EPS estimate is $0.46, in a range from $0.39 to $0.52.
The company reported EPS above the analysts' average estimate in 3 of the last 4 quarters.
Revenue over the twelve months to Q2 2026 was $13.3 billion, which rose 32.5% on the year before.

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What to watch when TKO Group Holdings reports on Wednesday 4 November

Sun, 01 Nov 2026 12:29:00 GMT

TKO Group Holdings reports on Wednesday 4 November, after the market closes. Analysts expect full-year EPS of $4.44; these are the numbers and trends the report will test.

For the quarter, the analysts' average EPS estimate is $0.83, in a range from $0.83 to $0.83.
The company reported EPS above the analysts' average estimate in 1 of the last 4 quarters.
Revenue over the twelve months to Q2 2026 was $5.3 billion, which rose 5.1% on the year before.

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What to watch when Warner Music Group Corp. reports on Thursday 19 November

Sun, 01 Nov 2026 12:29:00 GMT

Warner Music Group Corp. reports on Thursday 19 November, before the market opens. Analysts expect full-year EPS of $1.78; these are the numbers and trends the report will test.

For the quarter, the analysts' average EPS estimate is $0.42, in a range from $0.36 to $0.47.
The company reported EPS above the analysts' average estimate in 4 of the last 4 quarters.
Revenue over the twelve months to Q3 2026 was $7.3 billion, which rose 12.9% on the year before.

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Why did Coursera shares fall 25.5%? Revenue guidance points to slower sales

Sun, 01 Nov 2026 12:29:00 GMT

Coursera shares fell 25.5% after its revenue outlook signalled a quieter quarter. Coverage linked the selling to guidance; the release also showed weaker cash generation and shrinking enterprise customer numbers.

Coursera shares fell 25.5% after results, with coverage identifying revenue guidance as the catalyst.
The session's move was 6.7x a typical daily move, on volume of 4.0x the recent average.
Quarterly free cash flow was $4.6 million, with merger and severance payments weighing on operating cash.

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MSA Safety Inc declares its dividend: can the filings support it?

Sun, 01 Nov 2026 12:19:00 GMT

MSA Safety Inc declared a quarterly dividend of $0.54 per share, the company said in a release on 30 October. Here is what its own filings say about whether it can afford it.

MSA Safety Inc declared a quarterly dividend of $0.54 per share, the company said in a release on 30 October.
At the latest share price of $178.57, the declared rate works out at a yield of 1.2% a year.
That was 26.4% of its net income over the same period.

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Merit Medical Systems: growth has slowed

Sun, 01 Nov 2026 02:27:00 GMT

Merit Medical Systems Inc is drawing far more news coverage than usual. Its own filings show twelve-month revenue of $1.6 billion, up 9.1% on the year before.

Merit Medical Systems Inc drew 9 news stories in the 24 hours to 30 October, against a usual 0.3 a day.
Revenue over the twelve months to Q3 2026 was $1.6 billion, which rose 9.1% on the year before.
Operating cash flow over the twelve months was $273.7 million, up 2.3% on the year before.

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The week in markets: technology fell as gains spread elsewhere

Sun, 01 Nov 2026 02:27:00 GMT

Technology fell 2.0% while health care and smaller companies advanced. Treasury yields eased from their previous readings, although borrowing costs and oil remained above their levels a year earlier.

The Nasdaq 100 fell 2.0%, while the Russell 2000 rose 1.3%.
Health care gained 3.1%, while technology fell 2.0%.
The latest ten-year Treasury yield was 5.0%, below its previous reading.
Initial jobless claims were 194,000, below the previous reading and their level a year earlier.

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Floor & Decor Holdings: profit is outgrowing sales

Sun, 01 Nov 2026 02:26:00 GMT

Floor & Decor Holdings, Inc. is drawing far more news coverage than usual. Its own filings show twelve-month revenue of $4.7 billion, up 1.8% on the year before.

Floor & Decor Holdings, Inc. drew 9 news stories in the 24 hours to 30 October, against a usual 0.1 a day.
Revenue over the twelve months to Q3 2026 was $4.7 billion, which rose 1.8% on the year before.
Operating cash flow over the twelve months was $609.4 million, up 69.7% on the year before.

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Regeneron Pharmaceuticals: growth has picked up

Sun, 01 Nov 2026 02:26:00 GMT

Regeneron Pharmaceuticals is drawing far more news coverage than usual. Its own filings show twelve-month revenue of $16.9 billion, up 18.6% on the year before.

Regeneron Pharmaceuticals drew 9 news stories in the 24 hours to 30 October, against a usual 1 a day.
Revenue over the twelve months to Q3 2026 was $16.9 billion, which rose 18.6% on the year before.
Operating cash flow over the twelve months was $4.8 billion, down 4.4% on the year before.

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Why did Baker Hughes raise its order outlook as quarterly profit fell 32.5%?

Sun, 01 Nov 2026 02:26:00 GMT

Baker Hughes raised its IET order outlook as power and LNG demand strengthened. Yet Chart drove most of the revenue increase and added financing costs, leaving the cash performance more encouraging than the fall in GAAP profit suggests.

Quarterly revenue rose 14.5% year on year, principally because of Chart.
GAAP net income fell 32.5%; acquisition accounting and financing costs weighed on earnings.
IET's EBITDA margin reached 19.7%, improving year on year but declining sequentially.
Free cash flow before asset-disposal proceeds was $734.0 million, compared with $634.0 million a year earlier.

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Hilton Grand Vacations Inc. announces a buyback: what its cash flow shows

Sat, 31 Oct 2026 23:47:00 GMT

Hilton Grand Vacations Inc. announced a share repurchase authorisation of $200.0 million, the company said in a release on 30 October. Here is what its own filings say about whether it can afford it.

Hilton Grand Vacations Inc. announced a share repurchase authorisation of $200.0 million, the company said in a release on 30 October.
An authorisation sets a ceiling: the company decides when, and whether, to use it.
Free cash flow over the same period was $473.0 million.

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Leidos raises its dividend: can the filings support it?

Sat, 31 Oct 2026 23:47:00 GMT

Leidos raised its quarterly dividend to $0.43 per share, the company said in a release on 30 October. Here is what its own filings say about whether it can afford it.

Leidos raised its quarterly dividend to $0.43 per share, the company said in a release on 30 October.
At the latest share price of $142.98, the declared rate works out at a yield of 1.2% a year.
That was 15.7% of its net income over the same period.

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Rockwell Automation raises its dividend: can the filings support it?

Sat, 31 Oct 2026 23:47:00 GMT

Rockwell Automation raised its quarterly dividend to $1.45 per share, the company said in a release on 30 October. Here is what its own filings say about whether it can afford it.

Rockwell Automation raised its quarterly dividend to $1.45 per share, the company said in a release on 30 October.
At the latest share price of $436.20, the declared rate works out at a yield of 1.3% a year.
That was 50.9% of its net income over the same period.

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Agilysys Inc results: adjusted EPS beat estimates by 21.5%, shares fall 4.0%

Sat, 31 Oct 2026 11:19:00 GMT

Agilysys Inc's adjusted EPS of $0.67 beat the analysts' average estimate of $0.55 by 21.5%, and revenue rose 17.7% year on year to $93.4 million.

Adjusted EPS was $0.67 against the analysts' average estimate of $0.55, so it beat that estimate by 21.5%.
Revenue was $93.4 million for Q2 2027, which rose 17.7% year on year.
The shares fell 4.0% in the session after the release, while the S&P 500 rose 1.3%.

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Alexandria Real Estate Equities results: adjusted EPS beat estimates by 0.0%, shares fall 5.0%

Sat, 31 Oct 2026 11:19:00 GMT

Alexandria Real Estate Equities's adjusted EPS of −$0.03 beat the analysts' average estimate of $0.00 by 0.0%, and revenue fell 10.7% year on year to $671.2 million.

Adjusted EPS was −$0.03 against the analysts' average estimate of $0.00, so it beat that estimate by 0.0%.
Revenue was $671.2 million for Q3 2026, which fell 10.7% year on year.
The shares fell 5.0% in the session after the release, while the S&P 500 rose 1.3%.

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American Tower results: adjusted EPS beat estimates by 0.5%, shares fall 2.4%

Sat, 31 Oct 2026 11:19:00 GMT

American Tower's adjusted EPS of $1.64 beat the analysts' average estimate of $1.63 by 0.5%, and revenue rose 2.5% year on year to $2.8 billion.

Adjusted EPS was $1.64 against the analysts' average estimate of $1.63, so it beat that estimate by 0.5%.
Revenue was $2.8 billion for Q3 2026, which rose 2.5% year on year.
The shares fell 2.4% in the session after the release, while the S&P 500 rose 0.9%.

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Amkor Technology, Inc. results: adjusted EPS missed estimates by 3.1%, shares rise 1.6%

Sat, 31 Oct 2026 11:19:00 GMT

Amkor Technology, Inc.'s adjusted EPS of $0.76 missed the analysts' average estimate of $0.78 by 3.1%, and revenue rose 0.2% year on year to $2.0 billion.

Adjusted EPS was $0.76 against the analysts' average estimate of $0.78, so it missed that estimate by 3.1%.
Revenue was $2.0 billion for Q3 2026, which rose 0.2% year on year.
The shares rose 1.6% in the session after the release, while the S&P 500 rose 1.3%.

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FedEx Freight shares rose 14.9% despite a GAAP profit that was halved

Sat, 31 Oct 2026 11:19:00 GMT

FedEx Freight shares rose 14.9% on Friday after its first results as a standalone carrier topped adjusted profit forecasts and the company raised its outlook, even as GAAP net income fell sharply from a year earlier.

Shares rose 14.9% on Friday, 3.7x the stock's typical daily move and its biggest gain since 28 May 2026.
Adjusted diluted earnings per share of 1.49 beat the 1.39 consensus estimate by 7.2%.
Quarterly revenue rose 8.1% to $2.4 billion, but GAAP operating margin fell 2.5 percentage points on one-time spin-off costs.
GAAP net income fell 49.5% to $147.0 million, while GAAP diluted EPS fell 49.7% to 0.98.
Trading volume ran at 2.2x the 30-day average, against a 0.3% median move among covered cargo-ground-transport peers.

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FMC's 30.5% jump on Friday: what the evidence shows

Sat, 31 Oct 2026 11:19:00 GMT

FMC Corp shares rose 30.5% on Friday, 5.8x a typical day's move. Here is the clearest evidence-backed explanation.

FMC Corp shares rose 30.5% on Friday, closing at $6.20.
That was 5.8x the stock's typical daily move of 5.2% over the past year.
Revenue over the twelve months to Q3 2026 was $2.8 billion, which fell 22.0% on the year before.

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Illumina shares fell 18.6% despite a profit beat and raised guidance

Sat, 31 Oct 2026 11:19:00 GMT

Illumina shares fell 18.6% on 2026-10-30, a move 5.7x its typical daily swing, after third-quarter revenue of $1.13 billion missed Wall Street forecasts even as adjusted profit beat estimates and full-year guidance rose.

Illumina shares fell 18.6% on 2026-10-30, a move 5.7x its typical daily swing of 3.3%.
Third-quarter revenue of $1.13 billion rose 4.2% year on year but missed Wall Street forecasts, even as non-GAAP EPS of $1.44 beat estimates by 6.1%.
Illumina raised 2026 revenue guidance to $4.64-$4.66 billion and non-GAAP EPS guidance to $5.40-$5.45.
Trading volume ran 1.5x the stock's 30-day average, and the move was Illumina's largest in this direction since 11 October 2016.
The S&P 500 fell 1.8% the same session, far less than Illumina's drop, while the median covered life-sciences-tools peer fell 3.9%.

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Oppenheimer Holdings' 20.1% drop on Friday: what the evidence shows

Sat, 31 Oct 2026 11:19:00 GMT

Oppenheimer Holdings Inc shares fell 20.1% on Friday, 8.2x a typical day's move. Here is the clearest evidence-backed explanation.

Oppenheimer Holdings Inc shares fell 20.1% on Friday, closing at $86.20.
That was 8.2x the stock's typical daily move of 2.5% over the past year.
Revenue over the twelve months to Q3 2026 was $1.8 billion, which rose 13.9% on the year before.

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Piper Sandler shares fall as third-quarter revenue, margin and profit all slip

Sat, 31 Oct 2026 11:19:00 GMT

Piper Sandler shares fell 7.1% on 2026-10-30, after third-quarter net revenues, pre-tax margin and earnings per share all declined versus both the prior quarter and a year earlier, confirmed in the firm's own results release.

Piper Sandler shares fell 7.1% on 2026-10-30, a move 3.2x the stock's typical daily move of 2.2% over the past year.
Third-quarter net revenues of $443.0 million fell 11% from the second quarter and 8% from the third quarter of 2025, the company's results release showed.
Diluted earnings per share fell to $0.78, down 18% from the second quarter and 8% from the third quarter a year earlier.
Trading volume was 1.7x the 30-day average; the median move among other covered investment banking and brokerage stocks fell 2.4% and the S&P 500 fell 1.8% in the same session.
Nine-month net revenues reached a record $1.4 billion, up 15% from a year earlier, while advisory services revenue in the third quarter rose 18% year-on-year to $250.3 million.

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Roblox shares fell 18.1% as weak Q4 bookings guidance overshadowed a revenue beat

Sat, 31 Oct 2026 11:19:00 GMT

Roblox's own fourth-quarter guidance, not its third-quarter results, drove Friday's slide: bookings are guided down 10% to 15% and daily active users fell year-over-year for the first time, even as revenue and earnings beat estimates.

Roblox shares fell 18.1%, the largest drop since 31 July 2026, after third-quarter results.
Revenue rose 15.6% year-over-year to $1.6 billion, while GAAP diluted EPS of −0.32 beat the average analyst estimate of −0.42, up 24.1%.
Fourth-quarter guidance calls for bookings to decline 10% to 15% year-over-year, alongside a first-ever year-over-year drop in daily active users, to 138 million, down 9% from a year earlier.
The shares moved 4.1x Roblox's typical daily swing of 4.4%, on volume running at 2.6x the 30-day average.
A 5-point reduction in the growth assumption behind our valuation model would move its value down 23.1%, against down 15.5% for a 1-point rise in the discount rate.

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Sandisk's operating margin hits 72.5%, above its prior high of 61.2%

Sat, 31 Oct 2026 11:19:00 GMT

Sandisk's trailing operating margin reached 72.5% in the quarter ended October 2026, up 91.6 percentage points year over year and above the 61.2% high recorded across the prior eight quarters of filings.

TTM operating margin reached 72.5%, up 91.6 percentage points year over year
Revenue growth accelerated to 272.4% TTM, up 97.1 percentage points from the prior quarter
Free cash flow rose to $17.4 billion TTM, up 3,265.3% year over year, with an FCF margin of 59.9%
Current operating margin ranks at the 100th percentile of the past eight quarterly readings, above the prior high of 61.2%
Diluted share count rose 7.0% year over year

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Stryker falls 7.0% as guidance cut outweighs 7.7% organic growth

Sat, 31 Oct 2026 11:19:00 GMT

Stryker fell 7.0% on 30 October 2026 after cutting full-year guidance, even though third-quarter organic sales grew 7.7% and adjusted earnings per share rose 10.3% to $3.52.

Stryker shares fell 7.0% on 30 October 2026, closing at $$289.99 from a previous close of $$311.75.
The move was 3.6x the stock's typical daily swing of 2.0% over the past year, on volume running at 0.6x the 30-day average.
Stryker cut full-year 2026 guidance to organic sales growth of 6.5% to 7.0% and adjusted earnings per share of $14.80 to $14.90, after third-quarter organic sales grew 7.7%.
Reported third-quarter earnings per share fell 11.7% to $1.96, pulled down by a $293 million goodwill impairment, while adjusted EPS rose 10.3% to $3.52.
Our DCF model shows value falling 27.6% if stage-one growth runs 5 percentage points below the base case, against falling 5.8% per 1 percentage point of lower FCF margin.

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US GDP growth accelerated to 3.4% in Q3 2026: what it means for rates

Sat, 31 Oct 2026 11:19:00 GMT

Real GDP grew at a 3.4% annualised rate in the third quarter of 2026, faster than the prior quarter but short of last year's pace. Treasury yields eased slightly on the day, still well above where they stood a year earlier.

Real GDP grew at a 3.4% annualised rate in Q3 2026, up from 2.2% in Q2 2026 and below 3.9% a year earlier.
Retail sales rose 6.3% year-on-year in September 2026, up from 5.6% growth in August.
Industrial production grew 2.2% year-on-year in September 2026, up from 1.6% in August.
The 10-year Treasury yield stood at 4.98% on 29 October 2026, down from 5.05% the previous session but well above 4.08% a year earlier.

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What to watch when DoorDash reports on Wednesday 4 November

Sat, 31 Oct 2026 11:19:00 GMT

DoorDash reports on Wednesday 4 November, before the market opens. Analysts expect full-year EPS of $2.79; these are the numbers and trends the report will test.

For the quarter, the analysts' average EPS estimate is $1.58, in a range from $1.51 to $1.64.
The company reported EPS above the analysts' average estimate in 2 of the last 4 quarters.
Revenue over the twelve months to Q3 2026 was $17.1 billion, which rose 35.0% on the year before.

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What to watch when DuPont reports on Tuesday 3 November

Sat, 31 Oct 2026 11:19:00 GMT

DuPont reports on Tuesday 3 November, before the market opens. Analysts expect full-year EPS of $7.26; these are the numbers and trends the report will test.

For the quarter, the analysts' average EPS estimate is $1.88, in a range from $1.85 to $2.01.
The company reported EPS above the analysts' average estimate in 4 of the last 4 quarters.
Revenue over the twelve months to Q2 2026 was $7.0 billion, which rose 3.3% on the year before.

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What to watch when Keurig Dr Pepper reports on Tuesday 3 November

Sat, 31 Oct 2026 11:19:00 GMT

Keurig Dr Pepper reports on Tuesday 3 November, before the market opens. Analysts expect full-year EPS of $2.29; these are the numbers and trends the report will test.

For the quarter, the analysts' average EPS estimate is $0.62, in a range from $0.61 to $0.64.
The company reported EPS above the analysts' average estimate in 4 of the last 4 quarters.
Revenue over the twelve months to Q2 2026 was $20.1 billion, which rose 27.5% on the year before.

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What to watch when Maplebear Inc. reports on Thursday 5 November

Sat, 31 Oct 2026 11:19:00 GMT

Maplebear Inc. reports on Thursday 5 November, before the market opens. Analysts expect full-year EPS of $2.30; these are the numbers and trends the report will test.

For the quarter, the analysts' average EPS estimate is $1.17, in a range from $1.06 to $1.37.
The company reported EPS above the analysts' average estimate in 1 of the last 4 quarters.
Revenue over the twelve months to Q2 2026 was $4.0 billion, which rose 12.6% on the year before.

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What to watch when Marriott International reports on Monday 2 November

Sat, 31 Oct 2026 11:19:00 GMT

Marriott International reports on Monday 2 November, before the market opens. Analysts expect full-year EPS of $11.75; these are the numbers and trends the report will test.

For the quarter, the analysts' average EPS estimate is $2.85, in a range from $2.74 to $3.04.
The company reported EPS above the analysts' average estimate in 3 of the last 4 quarters.
Revenue over the twelve months to Q2 2026 was $26.9 billion, which rose 4.7% on the year before.

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What to watch when MSA Safety Inc reports on Monday 2 November

Sat, 31 Oct 2026 11:19:00 GMT

MSA Safety Inc reports on Monday 2 November, after the market closes. Analysts expect full-year EPS of $9.07; these are the numbers and trends the report will test.

For the quarter, the analysts' average EPS estimate is $2.09, in a range from $1.96 to $2.16.
The company reported EPS above the analysts' average estimate in 4 of the last 4 quarters.
Revenue over the twelve months to Q2 2026 was $1.9 billion, which rose 6.5% on the year before.

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What to watch when NEW York Times Co reports on Wednesday 4 November

Sat, 31 Oct 2026 11:19:00 GMT

NEW York Times Co reports on Wednesday 4 November, before the market opens. Analysts expect full-year EPS of $2.85; these are the numbers and trends the report will test.

For the quarter, the analysts' average EPS estimate is $0.65, in a range from $0.57 to $0.67.
The company reported EPS above the analysts' average estimate in 4 of the last 4 quarters.
Revenue over the twelve months to Q2 2026 was $3.0 billion, which rose 10.8% on the year before.

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What to watch when Revvity reports on Tuesday 3 November

Sat, 31 Oct 2026 11:19:00 GMT

Revvity reports on Tuesday 3 November, before the market opens. Analysts expect full-year EPS of $5.35; these are the numbers and trends the report will test.

For the quarter, the analysts' average EPS estimate is $1.30, in a range from $1.28 to $1.33.
The company reported EPS above the analysts' average estimate in 4 of the last 4 quarters.
Revenue over the twelve months to Q2 2026 was $2.9 billion, which rose 4.1% on the year before.

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Why Amazon's operating margin hit a record 13.9% while free cash flow turned negative

Sat, 31 Oct 2026 11:19:00 GMT

Amazon's operating margin reached 13.9% in the third quarter of 2026, the highest in the company's history, even as capital spending on AI infrastructure pushed quarterly free cash flow to an outflow of $34.8 billion from a $0.4 billion inflow a year earlier.

Operating margin reached 13.9% in Q3 2026, up 4.2 percentage points from 9.7% a year earlier and the highest in Amazon's history.
Revenue grew 12.1% year over year to $201.9 billion, 1.2% above the midpoint of management's July guidance.
GAAP diluted EPS of $1.89 missed the analysts' consensus estimate of $1.96 by 3.5%.
Quarterly free cash flow swung to an outflow of $34.8 billion, from a $0.4 billion inflow a year earlier, as capital expenditure rose.
Amazon shares fell 5.6% in the session after the results, against a 2.1% decline in the S&P 500 (SPY) over the same window.

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Why ServiceNow shares fell 27.3% after a weak fourth-quarter revenue outlook

Sat, 31 Oct 2026 11:19:00 GMT

ServiceNow shares fell 27.3% on 29 October, a day after third-quarter results beat the company's own guidance but fourth-quarter revenue guidance fell short of expectations, reviving concerns about slowing contract growth even as free cash flow guidance was raised.

ServiceNow shares fell 27.3% on 29 October, 6.8x the stock's typical daily move of 4.0%.
Third-quarter revenue rose 20.5% year-on-year to $$4.1 billion, beating the top end of ServiceNow's own guidance.
Operating margin fell 7.4 percentage points year-on-year to 9.4%, and net income fell 44.8% to $$277.0 million.
Trading volume was 5.0x the 30-day average, the largest decline in this direction since 30 October 2015.
The median move among other covered systems-software companies was −2.5%, against the S&P 500's −0.6% move the same session.

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Xerox shares fall 39.2%: dividend suspended, guidance cut after $1.0 billion loss

Sat, 31 Oct 2026 11:19:00 GMT

Xerox shares fell 39.2% on 29 October after the company suspended its dividends, cut full-year free cash flow guidance and reported a $1.0 billion net loss tied largely to a goodwill impairment in its print business.

Xerox shares fell 39.2% on 29 October 2026, 6.2x the stock's typical daily move over the past year of 6.3%
Trading volume was 9.0x the 30-day average
The company suspended its common and preferred dividends and cut full-year free cash flow guidance to $50 million–$100 million from $250 million
Xerox reported a third-quarter GAAP net loss of $1.0 billion, or $7.73 per share, driven by a $959 million pre-tax goodwill impairment in its Print and Other unit
The decline far exceeded the session's broader moves: the S&P 500 fell 0.6% and covered technology hardware, storage and peripherals peers moved a median −1.1%

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Mondelez International: profit is outgrowing sales

Sat, 31 Oct 2026 10:01:00 GMT

Mondelez International is drawing far more news coverage than usual. Its own filings show twelve-month revenue of $39.9 billion, up 6.0% on the year before.

Mondelez International drew 9 news stories in the 24 hours to 30 October, against a usual 0.3 a day.
Revenue over the twelve months to Q3 2026 was $39.9 billion, which rose 6.0% on the year before.
Operating cash flow over the twelve months was $5.0 billion, up 39.9% on the year before.

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Pinterest: growth has slowed

Sat, 31 Oct 2026 10:01:00 GMT

Pinterest, Inc. is drawing far more news coverage than usual. Its own filings show twelve-month revenue of $4.7 billion, up 15.4% on the year before.

Pinterest, Inc. drew 13 news stories in the 24 hours to 30 October, against a usual 1.3 a day.
Revenue over the twelve months to Q3 2026 was $4.7 billion, which rose 15.4% on the year before.
Operating cash flow over the twelve months was $1.3 billion, up 15.8% on the year before.

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Reddit: growth has slowed

Sat, 31 Oct 2026 10:01:00 GMT

Reddit, Inc. is drawing far more news coverage than usual. Its own filings show twelve-month revenue of $3.1 billion, up 62.2% on the year before.

Reddit, Inc. drew 17 news stories in the 24 hours to 30 October, against a usual 1.4 a day.
Revenue over the twelve months to Q3 2026 was $3.1 billion, which rose 62.2% on the year before.
Operating cash flow over the twelve months was $1.2 billion, up 134.4% on the year before.

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Stryker: profit is outgrowing sales

Sat, 31 Oct 2026 10:01:00 GMT

Stryker Corporation is drawing far more news coverage than usual. Its own filings show twelve-month revenue of $26.3 billion, up 7.9% on the year before.

Stryker Corporation drew 11 news stories in the 24 hours to 30 October, against a usual 1.1 a day.
Revenue over the twelve months to Q3 2026 was $26.3 billion, which rose 7.9% on the year before.
Operating cash flow over the twelve months was $5.4 billion, up 12.7% on the year before.

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The 10-year Treasury yield is near 5%: what that does to stock valuations

Sat, 31 Oct 2026 10:01:00 GMT

The benchmark 10-year Treasury yield closed at 4.98%, against 4.08% a year earlier. A higher long-term rate raises the discount rate applied to future cash flows, and our models show which companies that hits hardest.

The 10-year Treasury yield closed at 4.98% on 29 October 2026, down from 5.05% the previous session but up from 4.08% a year earlier.
The Federal Reserve left its target rate unchanged at 4.00% (upper bound) after its 28 October meeting, the same level held a year earlier.
The 10-year breakeven inflation rate stood at 2.34%, little changed from 2.35% the previous reading and only modestly above 2.29% a year earlier.
The 30-year mortgage rate stood at 7.24%, up from 6.19% a year earlier.
Our model shows ULBI's value would change by −438.8% for a one-point rise in the discount rate, against −187.7% for ANDE and −147.7% for PK.

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Houlihan Lokey: the decline in sales is deepening

Sat, 31 Oct 2026 00:44:00 GMT

Houlihan Lokey, Inc. is drawing far more news coverage than usual. Its own filings show twelve-month revenue of $2.6 billion, down 0.4% on the year before.

Houlihan Lokey, Inc. drew 11 news stories in the 24 hours to 29 October, against a usual 0.6 a day.
Revenue over the twelve months to Q2 2027 was $2.6 billion, which fell 0.4% on the year before.
The trailing gross margin was 32.7%.

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Jetblue Airways: growth has picked up

Sat, 31 Oct 2026 00:44:00 GMT

Jetblue Airways Corp is drawing far more news coverage than usual. Its own filings show twelve-month revenue of $10.0 billion, up 9.9% on the year before.

Jetblue Airways Corp drew 13 news stories in the 24 hours to 27 October, against a usual 1.4 a day.
Revenue over the twelve months to Q3 2026 was $10.0 billion, which rose 9.9% on the year before.
Operating cash flow over the twelve months was −$224.0 million.

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What to watch when American International Group reports on Tuesday 3 November

Sat, 31 Oct 2026 00:44:00 GMT

American International Group reports on Tuesday 3 November, after the market closes. Analysts expect full-year EPS of $8.09; these are the numbers and trends the report will test.

For the quarter, the analysts' average EPS estimate is $1.87, in a range from $1.63 to $2.07.
The company reported EPS above the analysts' average estimate in 4 of the last 4 quarters.
Revenue over the twelve months to Q2 2026 was $26.6 billion, which fell 4.2% on the year before.

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Fortinet shares fall 22.0% as a lower service-revenue outlook outweighs a quarterly beat

Sat, 31 Oct 2026 00:14:00 GMT

Fortinet's stock fell 22.0% on 29 October after third-quarter revenue grew 20% to $2.08 billion and beat guidance, but a full-year service-revenue range of $5.150 billion to $5.170 billion pointed to slowing growth in its largest segment.

Fortinet shares fell 22.0% on 29 October, 7.1x the stock's typical daily move of 3.1%.
Third-quarter revenue grew 20% year over year to $2.08 billion, beating the midpoint of Fortinet's own guidance.
Full-year service-revenue guidance of $5.150 billion to $5.170 billion signalled slower growth in Fortinet's largest segment.
Peer systems-software stocks fell a median 2.5% the same session, far less than Fortinet's drop.
Fundamentalytics' model shows value per share would fall 23.2% if growth runs five points below the 20.0% base-case assumption.

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What to watch when Cinemark Holdings, Inc. reports on Tuesday 3 November

Sat, 31 Oct 2026 00:09:00 GMT

Cinemark Holdings, Inc. reports on Tuesday 3 November, before the market opens. Analysts expect full-year EPS of $2.64; these are the numbers and trends the report will test.

For the quarter, the analysts' average EPS estimate is $1.01, in a range from $0.97 to $1.04.
The company reported EPS above the analysts' average estimate in 2 of the last 4 quarters.
Revenue over the twelve months to Q2 2026 was $3.4 billion, which rose 4.5% on the year before.

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What to watch when Clorox reports on Monday 2 November

Sat, 31 Oct 2026 00:07:00 GMT

Clorox reports on Monday 2 November, after the market closes. Analysts expect full-year EPS of $5.70; these are the numbers and trends the report will test.

For the quarter, the analysts' average EPS estimate is $1.07, in a range from $0.81 to $1.20.
The company reported EPS above the analysts' average estimate in 3 of the last 4 quarters.
Revenue over the twelve months to Q3 2026 was $6.8 billion, which fell 3.7% on the year before.

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Adobe's Cash Flow Keeps Growing, But the Market Is Pricing in Decline

Fri, 30 Oct 2026 14:40:00 GMT

Adobe's revenue and free cash flow keep growing, yet its shares have fallen more than a quarter in a year. The current price implies shrinking cash flow.

Adobe's trailing twelve-month revenue grew 12.0% to $26.0bn and free cash flow rose 10.3% to $10.6bn, a 40.8% margin, even as shares fell 25.6% over the past year.
A reverse discounted cash flow against the $246.76 close on 29 October 2026 implies the market is pricing in cash flow shrinking 3.4% a year over five years, while trailing revenue grew 12.0%.
Operating margin stood at 35.7% TTM as AI infrastructure costs rose, while the third-quarter figure fell to 34.8% from 36.3% a year earlier.
Our model produces a base-case value of $560.00 per share, a bear case of $420.00 and a bull case of $740.00, with growth the biggest driver of that range.

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Adobe shares fall 0.7% in a market-wide move as free cash flow margin cools

Fri, 30 Oct 2026 13:06:00 GMT

Adobe shares fell 0.7% on Wednesday, a move the broader market accounts for most of; free cash flow margin has slipped −0.6 percentage pointspp over the year even as revenue growth accelerates and the share count shrinks.

Adobe shares fell 0.7% to $248.12, a move the market accounts for 94.7% of and well inside the stock's typical 2.6% daily swing.
Free cash flow margin over the trailing twelve months stood at 40.8%, down 0.6 percentage pointspp from a year earlier, even as revenue growth accelerated to 12.0%.
Adobe's diluted share count fell 6.2% year over year. The company separately spent $9.3 billion on repurchases over the same period.

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Climb Global's record quarter sends shares sharply higher

Fri, 30 Oct 2026 13:06:00 GMT

Climb Global Solutions shares rose 26.8% on 29 October 2026 after record third-quarter results, with net sales up 37% and net income up 69% from a year earlier. The advance was the stock's largest one-day gain since 30 October 2015.

Climb Global Solutions shares rose 26.8% on 29 October 2026, closing at $42.02 after a $33.13 previous close.
The advance was 7.6x the stock's typical daily move of 3.5%, the largest since 30 October 2015.
Volume ran 2.1x its 30-day average while the median move among other covered technology-distribution stocks fell 0.4%.
Net sales rose 37% to $220.3 million and net income rose 69% to $7.9 million in the third quarter.
Trailing twelve-month free cash flow fell 35.8% even as net income rose 11.4%.

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Crocs shares rose 25.7% after Q3 beat and third straight guidance raise

Fri, 30 Oct 2026 13:06:00 GMT

Crocs shares rose 25.7% on 2026-10-29 after third-quarter revenue grew 4.6% and operating margin expanded to 28.0%, with guidance raised for the third time this year on HEYDUDE's return to growth.

Crocs shares rose 25.7% on 2026-10-29, 8.1x the size of a typical daily move over the past year.
Third-quarter revenue reached $1.0 billion, up 4.6% on a year earlier.
Operating margin expanded to 28.0%, up 7.2 percentage points year over year.
Diluted earnings per share rose to 4.52, up 67.4% from 2.70 a year earlier.
Trading volume ran at 3.1x the 30-day average, while the S&P 500 fell 0.6% the same session.

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ADT shares jump 33.9% after Thrive Holdings agrees to take it private

Fri, 30 Oct 2026 12:45:00 GMT

ADT shares jumped 33.9% on 29 October 2026 after the home-security company agreed to be acquired by Thrive Holdings for $10.00 a share in cash, a deal confirmed in an 8-K filing the same day and valuing ADT at $15.3 billion including debt.

ADT shares jumped 33.9% on 29 October 2026, a move 11.9x the size of a typical trading day over the past year.
Trading volume ran at 15.6x the stock's 30-day average as the deal news broke.
Thrive Holdings' $10.00-a-share offer is a 45.6% premium to ADT's unaffected close of $6.87 on 27 October 2026, per the companies' joint filing.
ADT's free-cash-flow margin stood at 38.1% on a trailing-twelve-month basis in the quarter before the deal was announced.
ADT's third-quarter results are due 3 November 2026, though the company says it will not take questions on the call given the pending transaction.

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What to watch when Calix, Inc reports on Monday 2 November

Fri, 30 Oct 2026 12:45:00 GMT

Calix, Inc reports on Monday 2 November, after the market closes. Analysts expect full-year EPS of $1.72; these are the numbers and trends the report will test.

For the quarter, the analysts' average EPS estimate is $0.41, in a range from $0.37 to $0.43.
The company reported EPS above the analysts' average estimate in 4 of the last 4 quarters.
Revenue over the twelve months to Q2 2026 was $1.1 billion, which rose 27.8% on the year before.

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What to watch when Hillman Solutions Corp. reports on Monday 2 November

Fri, 30 Oct 2026 12:45:00 GMT

Hillman Solutions Corp. reports on Monday 2 November, after the market closes. Analysts expect full-year EPS of $0.58; these are the numbers and trends the report will test.

For the quarter, the analysts' average EPS estimate is $0.20, in a range from $0.18 to $0.22.
The company reported EPS above the analysts' average estimate in 3 of the last 4 quarters.
Revenue over the twelve months to Q2 2026 was $1.6 billion, which rose 6.5% on the year before.

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What to watch when Kosmos Energy Ltd. reports on Monday 2 November

Fri, 30 Oct 2026 12:45:00 GMT

Kosmos Energy Ltd. reports on Monday 2 November, before the market opens. Analysts expect full-year EPS of $0.27; these are the numbers and trends the report will test.

For the quarter, the analysts' average EPS estimate is $0.12, in a range from $0.08 to $0.15.
The company reported EPS above the analysts' average estimate in 1 of the last 4 quarters.
Revenue over the twelve months to Q2 2026 was $1.6 billion, which rose 6.4% on the year before.

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What to watch when Paymentus Holdings, Inc. reports on Monday 2 November

Fri, 30 Oct 2026 12:45:00 GMT

Paymentus Holdings, Inc. reports on Monday 2 November, after the market closes. Analysts expect full-year EPS of $0.91; these are the numbers and trends the report will test.

For the quarter, the analysts' average EPS estimate is $0.21, in a range from $0.18 to $0.22.
The company reported EPS above the analysts' average estimate in 4 of the last 4 quarters.
Revenue over the twelve months to Q2 2026 was $1.4 billion, which rose 30.2% on the year before.

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What to watch when V2x, Inc. reports on Monday 2 November

Fri, 30 Oct 2026 12:23:00 GMT

V2x, Inc. reports on Monday 2 November, after the market closes. Analysts expect full-year EPS of $6.23; these are the numbers and trends the report will test.

For the quarter, the analysts' average EPS estimate is $1.49, in a range from $1.44 to $1.71.
The company reported EPS above the analysts' average estimate in 4 of the last 4 quarters.
Revenue over the twelve months to Q2 2026 was $4.9 billion, which rose 13.0% on the year before.

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Norwegian Cruise Line's earnings beat arrives against a free cash flow margin of −11.7%

Thu, 29 Oct 2026 19:08:00 GMT

Norwegian Cruise Line's FY2026 Q3 beat on 29 October sent shares up 10.9%. The data here cover FY2026 Q2 and the trailing twelve months through June, when free cash flow margin was −11.7%, down 6.4 percentage points on the year, as capital spending outran sales.

Trailing twelve-month free cash flow stayed negative while net income grew 5.8%, over the twelve months through FY2026 Q2, the quarter ended 30 June 2026
Capital expenditure rose 33.4% year on year to $3.3bn, against revenue growth of 6.2%
Free cash flow margin was −11.7% of revenue, down 6.4 percentage points year on year
FY2026 Q2 marked a fourth straight quarterly EPS beat against analysts' estimates; today's FY2026 Q3 results are not yet part of the structured data behind this article
Diluted shares outstanding fell 2.6% year on year

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American Water raises 2026 guidance floor as quarterly free cash flow drops to −$160m

Thu, 29 Oct 2026 18:56:00 GMT

American Water narrowed its 2026 adjusted earnings guidance toward the top of its range on 28 October, even as the quarter's free cash flow shortfall widened and revenue growth slowed to its weakest pace in two years.

Third-quarter revenue grew 4.1% year-on-year to $1.5 billion, the slowest pace of any of the past eight quarters.
Operating margin rose to 42.5% from 42.3% a year earlier, up 0.1 percentage points.
Free cash flow swung to a $160 million outflow in the quarter from a $33 million outflow a year earlier.
Management narrowed 2026 adjusted EPS guidance to $6.07–$6.12 and initiated 2027 guidance of $6.53–$6.63.
On a trailing-twelve-month basis, free cash flow margin fell to −21.7%, in the 9th percentile of its own history.

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Coca-Cola's margin hits 33.4% as shares slip despite the earnings beat

Thu, 29 Oct 2026 18:06:00 GMT

Coca-Cola's third-quarter operating margin reached 33.4%, up from 32.0% a year earlier, and adjusted earnings per share beat the analysts' average estimate by 3.3%. The shares still fell 1.0% in the session after the results, a reaction at odds with the numbers themselves.

Operating margin expanded to 33.4% from 32.0% a year earlier, a 1.4-point gain.
Adjusted (non-GAAP) EPS of $0.91 beat the analysts' average estimate of $0.88 by 3.3%; GAAP diluted EPS was $0.93, up 8.1% on the year.
Full-year free cash flow (non-GAAP) guidance was raised to at least $13.0 billion from approximately $12.4 billion.
Shares fell 1.0% in the session after the release even though revenue rose 7.4% to $13.4 billion and the quarter extended Coca-Cola's beat streak to 4 of the last 4 quarters.
Trailing twelve-month free cash flow grew 156.4% to $14.3 billion while net income grew 12.3% over the same period.

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Ryerson's revenue beat widens as Olympic Steel merger lifts operating margin

Thu, 29 Oct 2026 18:06:00 GMT

Ryerson Holding's third-quarter revenue topped analysts' average estimate by 10.2%, aided by the Olympic Steel merger and the fastest year-on-year growth in two years, while operating margin rose 2.5 percentage points and free cash flow stayed negative.

Revenue of $2,177.8 million beat the analysts' average estimate of $1,976.0 million by 10.2%.
Revenue grew 87.5% year-on-year, faster than in any of the previous eight quarters (0 of 8 grew faster).
Operating margin reached 2.4%, up 2.5 percentage points from an operating margin of −0.1% a year earlier.
Free cash flow was −$39.5 million in the quarter, against $11.9 million in the third quarter of 2025.
Fourth-quarter guidance calls for net sales of $1.96 billion to $2.04 billion and adjusted EBITDA excluding LIFO of $100.0 million to $104.0 million.

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Schlumberger beats earnings expectations as recovering activity leaves profit behind sales

Thu, 29 Oct 2026 18:00:00 GMT

SLB's adjusted earnings beat the analysts' average by 4.1%, but revenue growth did not translate into higher GAAP profit. Middle East operations recovered and ChampionX helped sales, while cash generation and data centre expansion exposed competing demands on capital.

Adjusted EPS of $0.64 beat the analysts' average by 4.1%, while GAAP diluted EPS was $0.49.
Revenue rose 5.8% year on year, but GAAP net income fell 0.5%.
Quarterly net margin fell 0.5 percentage points to 7.8%.
Management maintained full-year capital investment guidance at $2.5 billion.
Trailing-year free cash flow grew 10.5% under the operating-cash-flow-minus-capex definition.

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Why did Sprouts’ operating margin fall to 6.6% while sales grew?

Thu, 29 Oct 2026 18:00:00 GMT

Sprouts’ revenue rose 4.7%, but operating income fell 2.9%. Softer customer traffic increased stock losses, while new stores added costs. Management now plans broader price investment, putting further pressure on near-term margins.

Revenue rose 4.7%, while operating income fell 2.9%.
Operating margin fell 0.5 percentage points to 6.6%.
Comparable-store transactions fell 3.3%, according to management.
Trailing annual free cash flow fell 26.3% as capital expenditure rose 45.6%.

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Masco lifts 2026 earnings guidance as plumbing margins widen and free cash flow slips

Thu, 29 Oct 2026 17:59:00 GMT

Masco's third-quarter adjusted earnings per share beat the analysts' average estimate by 16.1% and management raised full-year 2026 guidance to $4.65-$4.75, even as quarterly free cash flow fell to $332 million from $415 million a year earlier.

Adjusted earnings per share of $1.19 beat the analysts' average estimate of $1.03 by 16.1%, Masco's 4th consecutive quarterly beat.
Management raised 2026 adjusted EPS guidance to $4.65-$4.75 from $4.40-$4.60, and GAAP EPS guidance to $4.51-$4.61 from $4.21-$4.41.
Gross margin rose to 36.6% from 34.2% a year earlier, and operating margin widened to 17.2% from 15.8%.
Free cash flow fell to $332 million from $415 million a year earlier, and operating cash flow fell 18.6% year on year to $371 million.
Revenue rose 2.6% year on year to $1,966 million, a pace beaten by only one of the previous eight quarters, but fell 1.3% from the second quarter's $1,992 million.

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Chubb's revenue growth slows to 0.3% as catastrophe losses more than double to $705 million

Thu, 29 Oct 2026 17:28:00 GMT

Chubb's quarterly revenue rose just 0.3% year over year, the slowest pace in two years, as catastrophe losses more than doubled to $705 million. Adjusted earnings per share of $7.66 beat the analysts' average estimate by 12.7%, the fourth straight quarterly beat.

Revenue grew 0.3% year over year in Q3 2026, the slowest pace in at least two years
Core operating EPS of $7.66 beat the analysts' average estimate of $6.80 by 12.7%, the 4th straight quarterly beat
GAAP diluted EPS rose 4.4% to $7.30 from $6.99
Operating cash flow rose 66.8% year over year to $6.1 billion
Catastrophe losses more than doubled to $705 million from $285 million a year earlier

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F5's FY2027 growth guidance follows margins that were already slipping

Thu, 29 Oct 2026 17:28:00 GMT

F5 guided fiscal 2027 revenue growth of up to 9% after a fourth-quarter print that sent shares lower. Its own trailing data show growth already slowing and a free cash flow margin at a 39th-percentile reading, down 2.3 percentage points year on year.

F5's fiscal 2027 guidance of up to 9% revenue growth sits just below the 9.4% trailing growth rate it reported through fiscal Q3 2026.
Free cash flow margin fell 2.3 percentage points year on year to 29.3%, a 39th-percentile reading across its trailing quarterly history.
Operating margin slipped 0.3 percentage points to 24.5%, at the 38th percentile of its own historical range.
Diluted shares outstanding fell 1.7% year on year through fiscal Q3 2026.
In our DCF model, a 5-point change in the growth assumption moves per-share value by −23.2% or +30.1%, against −3.2% per percentage point of FCF margin.

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Why did FedEx raise its 2026 profit guidance as quarterly net income fell 68.5%?

Thu, 29 Oct 2026 17:28:00 GMT

FedEx lifted its calendar-2026 revenue and adjusted profit outlook after September-quarter revenue rose 11.9% to $22.9 billion, while a mark-to-market loss on its retained FedEx Freight stake pulled GAAP net income down 68.5% to $0.3 billion.

Revenue rose 11.9% year on year to $22.9 billion, faster than all but one of the past eight quarters.
Adjusted diluted EPS of $3.74 beat the $3.34 analysts had expected, according to one account of the results.
GAAP net income fell 68.5% to $0.3 billion, mainly because of a $1.2 billion mark-to-market loss on FedEx's retained 19.9% stake in the spun-off FedEx Freight.
FedEx raised calendar-2026 adjusted diluted EPS guidance to $18.00-$18.60, from $16.90-$18.10.
GAAP operating margin fell 0.1 percentage point to 4.7%, while adjusted operating margin rose to 5.3% from 5.1%.

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MGM Resorts' 896.1% profit jump isn't showing up in its cash flow

Thu, 29 Oct 2026 16:52:00 GMT

MGM Resorts' trailing net income rose 896.1% over the past year, but free cash flow grew just 2.2% and operating cash flow fell 9.1%, a gap the earnings-season coverage has largely skipped over.

MGM's trailing net income rose 896.1% year on year, while trailing free cash flow rose just 2.2%.
Operating cash flow fell 9.1% over the same trailing period, even as capital expenditure dropped 22.3%.
Diluted shares outstanding fell 8.4% year on year, alongside $773.6m in share repurchases over the trailing twelve months.
Net margin reached 3.9%.
A 1 percentage point fall in free cash flow margin would cut the model's value per share by 12.0% under current assumptions.

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Is Etsy's earnings growth backed by cash flow?

Thu, 29 Oct 2026 14:00:00 GMT

Etsy's revenue and operating margin improved through fiscal Q3. Free cash flow fell 12.0% while net income surged, leaving earnings growth ahead of cash generation.

Trailing free cash flow fell 12.0% through fiscal Q3, while net income grew 442.0%.
Operating cash flow fell 13.5%, despite revenue growth of 10.8%.
Free cash flow margin was 19.7%, down 5.1 percentage points year on year.
The past year's cash-margin decline implies a 21.3% reduction in model value if it persists.

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Cheesecake Factory’s cash gains depend partly on lower capital spending

Thu, 29 Oct 2026 13:38:00 GMT

Cheesecake Factory reported record third-quarter revenue. Earlier SEC figures show stronger cash generation, helped by lower capital spending, while operating margin slipped.

Through the second quarter, trailing free cash flow grew 57.5%, while net income grew 12.4%.
Operating cash flow grew 14.5%, while capital expenditure fell 16.8%.
Trailing operating margin was 5.3%, down 0.1 percentage points year on year.
The historical cash-margin improvement implies a 56.4% increase in model value if it persists.

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GE HealthCare’s earnings optimism meets an uneven cash recovery

Thu, 29 Oct 2026 13:38:00 GMT

Reports centre on stronger earnings and raised guidance. GE HealthCare’s trailing figures through FY2026 Q3 show a different distinction: cash generation improved sharply while net income declined.

Through FY2026 Q3, trailing free cash flow grew 34.9% while net income fell 2.8%.
Operating cash flow grew 30.5%, alongside a 16.9% increase in capital expenditure.
Trailing revenue grew 6.9%, but operating margin fell 0.2 percentage points.
The model assigns a +40.7% value change to the past year’s cash-margin improvement if it persists.

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Garmin raises full-year guidance as margins hit records while cash flow lags profit

Wed, 28 Oct 2026 18:46:00 GMT

Garmin's third-quarter operating margin reached 30.8% as management raised full-year revenue guidance to around $8.15 billion. Free cash flow grew far more slowly than net income over the trailing year, a gap now a year old.

Revenue rose 12.2% year on year to $1.99 billion, slower than five of the previous eight quarters.
Operating margin reached 30.8%, up 5.0 percentage points year on year and above its 25.1% average of the past 12 quarters.
Adjusted earnings of $2.76 beat the analysts' average estimate of $2.38 by 15.8%, the fourth straight beat.
Management raised full-year 2026 revenue guidance to approximately $8.15 billion from $8.05 billion, and pro forma EPS guidance to $10.80 from $10.00.
Free cash flow over the trailing twelve months grew 10.2%, well behind net income's 28.4% growth, and quarterly free cash flow fell to $293.3 million from $425.1 million a year earlier.

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Parsons' profit falls on deal costs as cash flow pulls ahead

Wed, 28 Oct 2026 18:12:00 GMT

Parsons' third-quarter net income fell 15.5% to $54.2 million on acquisition-related costs, even as operating cash flow rose 65.0% and free cash flow climbed to $250.8 million, extending a gap that has also widened over the trailing twelve months.

GAAP net income fell 15.5% to $54.2 million in the third quarter, while operating cash flow rose 65.0% to $268.7 million.
Free cash flow was $250.8 million in the quarter, up from $149.7 million a year earlier; on a trailing twelve-month basis it grew 6.9% while net income fell 38.5%.
Adjusted diluted EPS of $0.89 beat the analysts' consensus estimate of $0.78 by 13.5%; revenue of $1,650.5 million was 1.7% above the $1,623.4 million consensus.
Full-year 2026 revenue guidance was narrowed to $6.25 billion-$6.45 billion and adjusted EBITDA guidance to $510 million-$550 million, both around unchanged midpoints.
Operating margin fell 0.4 percentage points to 6.3% in the quarter as transaction-related costs linked to acquisitions weighed on profit.

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Why Applied Industrial Technologies shares fell 7.1% on Tuesday

Tue, 27 Oct 2026 18:15:00 GMT

Applied Industrial Technologies fell 7.1% after reporting fiscal first-quarter results. The release raised EPS guidance, while sales and EBITDA margin guidance stayed unchanged, leaving the market’s reason for the decline unconfirmed.

Shares fell 7.1% on Tuesday, a move equal to 4.3x a typical session for AIT.
The company raised fiscal 2027 EPS guidance to $11.70–$12.20, while maintaining sales and EBITDA margin guidance.
The S&P 500 rose 0.3% and covered industrial distributors rose 0.4% on the session.
AIT's TTM revenue grew 8.8%, accelerating by 1.3 percentage points from the prior quarter.

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Why Boeing shares fell 9.0% on Tuesday

Tue, 27 Oct 2026 18:15:00 GMT

Boeing’s quarterly results offer the clearest explanation for the fall: an improving headline loss sat alongside continuing pressure in commercial aircraft, including higher projected production costs.

Boeing shares fell 9.0% on Tuesday.
The move was 4.2x a typical daily move for the stock.
The S&P 500 rose 0.3% while the aerospace and defence peer median fell 0.8%.
Commercial Airplanes reported an operating loss of $697 million, with higher projected costs associated with future production rate adjustments.

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Why Booz Allen Hamilton shares jumped 8.1% on Monday

Tue, 27 Oct 2026 18:15:00 GMT

Booz Allen Hamilton shares rose 8.1% on Monday, two sessions after a profit beat and raised earnings guidance that followed a revenue decline. Volume was thin, and no new disclosure accompanied the rally, leaving the exact trigger unconfirmed.

Booz Allen Hamilton shares rose 8.1% on Monday, the largest move in this direction since 24 July 2026.
The rally was about 3.0x the stock's typical daily move of 2.7% over the past year.
Trading volume was only 0.4x the 30-day average despite the size of the move.
Free cash flow over the trailing twelve months grew 20.1% while net income fell 5.1%.
The S&P 500 rose 0.9% the same session, while the median move among peer management-consulting companies was 0.0%.

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Why Welltower shares fell 6.0% today

Tue, 27 Oct 2026 18:15:00 GMT

Welltower fell 6.0% after its quarterly results and higher full-year guidance. The clearest explanation is unidentified: earlier reports described mixed reactions to the release.

Welltower shares fell 6.0% on Tuesday.
The fall was 4.1x a typical daily move for the stock.
Other covered health care REITs fell 1.2% at the median, while the S&P 500 rose 0.0%.
Trading volume was 0.3x the 30-day average.

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10-K vs 10-Q: what each SEC filing is and how to read it

Tue, 27 Oct 2026 16:38:00 GMT

A 10-K is Apple's audited annual report; a 10-Q is its unaudited quarterly update between annual filings. This explainer sets out the differences in timing, audit and detail, what to read first in each, and where the 8-K fits, using Apple's own filed figures.

Apple's trailing-twelve-month revenue reached $466.8 billion, up 14.2% year over year, as disclosed across its 10-K and 10-Q filings.
Free cash flow margin reached 29.3%, up 5.7pp year over year, sitting at the 86.8th percentile of Apple's own history.
Operating margin of 33.2% rose 1.3pp year over year.
Diluted share count fell 2.1% year over year, while dividends paid equalled 12.1% of net income.
Apple spent $82.2 billion on share repurchases over the trailing twelve months, against $15.6 billion in dividends.

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Agilysys's trailing net income grew 82.1% over the past year; free cash flow grew 42.8%

Tue, 27 Oct 2026 16:38:00 GMT

Agilysys drew a wave of coverage after its 26 October results and raised guidance. Its own SEC-derived figures show free cash flow growing roughly half as fast as net income over the trailing year, even as margins hit record levels.

Trailing free cash flow grew 42.8% year-on-year while net income grew 82.1% over the same period.
Operating margin reached 14.3% of revenue, up 3.9 percentage points year-on-year, the 98th percentile of its own history.
FCF margin reached 23.3% of revenue, up 4.6 percentage points year-on-year, the 97th percentile of its own history.
Diluted shares outstanding rose just 0.5% year-on-year, ruling out dilution as a driver of the earnings gain.
Agilysys's 26 October filing raised full-year revenue guidance, citing faster subscription revenue growth as the driver, though the structured data used here does not include the specific guidance figures.

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Block's free cash flow and profit have diverged sharply ahead of Q3 earnings

Tue, 27 Oct 2026 16:38:00 GMT

Block drew seven news stories in 24 hours this week, mostly analyst commentary ahead of third-quarter earnings. Its filings show trailing free cash flow up 266.4% over the year to June, against net income down 87.9%.

Trailing twelve-month free cash flow grew 266.4% year over year to $3.9 billion, while net income fell 87.9% to $357.1 million.
Free cash flow margin reached 15.5% of revenue, the highest reading in Block's filing history; the previous high was 13.3%.
Net margin stood at 1.4% of revenue over the same period, against a 46.4% gross margin.
Diluted shares outstanding fell 3.4% year over year while Block spent $1.9 billion on share repurchases.
In our model, a 1-point lower free cash flow margin moves model value −6.4%, versus −24.8% to +32.4% for a 5-point swing in growth.

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Dollar General's thin margins put weight behind the FTC's checkout pricing claims

Tue, 27 Oct 2026 16:38:00 GMT

The FTC and twenty states have sued Dollar General over checkout pricing, according to reports. Its SEC filings, covering the quarter ended 31 July 2026, show a retailer operating on margins thin enough that pricing accuracy carries real financial weight.

Dollar General's net margin was 3.9% and operating margin 5.6% over the twelve months to 31 July 2026.
Net income grew 43.0% year-on-year on a trailing basis, while free cash flow grew 8.7% over the same period.
Free cash flow margin was 4.6% of revenue; capital expenditure absorbed 3.0% of revenue.
Dividends paid took up 25.9% of trailing free cash flow.
In the company's own valuation model, a 1 percentage point lower FCF margin would cut model value per share by 23.5%.

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EQT's cash conversion was running near a multi-year high before the Range bid

Tue, 27 Oct 2026 16:38:00 GMT

EQT's free cash flow margin reached 39.4% and net income grew 137.1% in the year to June, filings show, months before this week's reported $50 billion Range Resources transaction dominated coverage.

EQT's free cash flow margin reached 39.4% of revenue over the trailing twelve months to June 2026, an 88th-percentile reading in its own history.
Net income grew 137.1% year on year over the same period, well ahead of free cash flow growth of 77.1%.
Operating margin reached 42.5%, up 12.9 percentage points year on year; revenue growth slowed to 32.3%, down 51.3 percentage points from the prior quarter's pace.
EQT's diluted share count rose 5.9% year on year, a trend recorded before the Range Resources transaction was reported.
A persistent repeat of the past year's free cash flow margin gain would move our model value by +32.6%, more than a 5-percentage-point increase in the growth assumption (+32.0%).

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Free cash flow conversion: what it is and how to read it

Tue, 27 Oct 2026 16:38:00 GMT

Free cash flow conversion shows how much of a company's profit becomes cash, found by subtracting capital expenditure from operating cash flow. The free cash flow yield then compares that figure with a company's value. Microsoft's filings show free cash flow falling as net income rises.

Microsoft's trailing twelve-month free cash flow fell 6.5% even as net income grew 31.3%.
Capital expenditure rose 79.6% year over year, reaching 34.9% of revenue.
The free cash flow margin stood at 20.2%, down 5.2 percentage points year over year, below the company's own previous low of 22.9%.
Dividends paid absorbed 19.8% of net income but 39.5% of free cash flow.
Operating cash flow grew 34.4%, showing the capital spending line, not operations, drove the fall in free cash flow.

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Greenbrier burned $239.7m in free cash flow despite a $79.0m profit

Tue, 27 Oct 2026 16:38:00 GMT

Greenbrier's latest SEC filings show free cash flow swinging to a $239.7m outflow even as net income stayed positive at $79.0m, a split this week's earnings coverage has not examined directly.

Trailing free cash flow swung to a $239.7m outflow, down 1530.6% year on year, while net income fell a smaller 61.3% to $79.0m.
Operating cash flow fell 85.1% to $39.6m while capital expenditure was almost flat, down 0.4% to $279.3m.
Free cash flow margin fell to −9.7%, a decline of 9.3 percentage points, and sits at the 15th percentile of Greenbrier's trailing twelve-month readings.
Operating margin fell 5.3 percentage points to 5.8%, and gross margin stood at 13.6% on a trailing basis.
Dividends paid equalled 53.9% of trailing net income while free cash flow was negative.

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HCA's Q3 beat follows a quarter where cash flow fell as profit rose

Tue, 27 Oct 2026 16:38:00 GMT

HCA Healthcare's third-quarter 2026 results, released today, drew a wave of headlines about a revenue beat. The company's most recent full filing, covering the second quarter, showed free cash flow falling as net income rose, a divergence the new print hasn't yet been tested against.

Trailing free cash flow fell 17.8% year on year through the second quarter of 2026, even as net income rose 14.6%.
Free cash flow margin fell 2.3 percentage points year on year to 7.7% of revenue, as capital expenditure rose 10.4%.
Diluted shares outstanding fell 9.0% year on year while the cash flow statement recorded $8.7bn in share repurchases.
A persistence of the past year's FCF-margin decline would lower HCA's model value by 25.0%, versus a 35.4% fall under a lower-growth scenario.
The third-quarter 2026 results reported today are not yet reflected in the structured SEC data used in this analysis.

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Owner earnings: what free cash flow after stock pay means for a valuation

Tue, 27 Oct 2026 16:38:00 GMT

Owner earnings is free cash flow minus stock-based compensation, a cost that never appears as a cash outflow but still dilutes shareholders. Adobe's filings, which show $9.3bn of share buybacks against 40.8% free cash flow margin, illustrate why the gap matters for valuation.

Adobe generated $10.6bn of free cash flow over the trailing twelve months, a margin of 40.8% of its $26.0bn revenue.
Adobe spent $9.3bn on share buybacks in the same period, yet diluted shares outstanding fell only 6.2% year over year.
Adobe's operating margin was 35.7% and net margin 28.0%, both below its 40.8% free cash flow margin.
A five-percentage-point change in Adobe's growth assumption moves our model's value per share by −24.4% or +31.6%; a one-point rise in the discount rate moves it −15.3%.
A one-percentage-point fall in Adobe's free cash flow margin changes the model value by −2.4%.

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Rambus's earnings beat conceals a shrinking cash margin

Tue, 27 Oct 2026 16:38:00 GMT

Rambus beat Q3 estimates and fell anyway, according to reports. Its own trailing figures show free cash flow margin down 3.8 percentage points to 39.3%, even as revenue growth held at 17.3%.

Rambus's trailing free cash flow margin fell 3.8 percentage points year on year to 39.3% through Q3 2026, even as revenue grew 17.3%.
Operating margin held at 36.3%, down just 0.1 percentage point year on year and in the 86th percentile of the company's own history.
Capital expenditure grew 26.1% year on year to $33.8 million while operating cash flow grew 8.6% to $346.8 million.
A 5-percentage-point change in the model's growth assumption shifts model value 22.6% lower or 29.0% higher; a 1-percentage-point lower free cash flow margin shifts it 2.4%.
Net income grew 16.2% to $265.9 million on a trailing basis, consistent with the reported earnings beat.

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Reverse DCF: how to work out what growth a share price implies

Tue, 27 Oct 2026 16:38:00 GMT

A reverse DCF model starts from a price and works backwards to the growth rate needed to justify it, rather than forecasting growth to produce a price.

Adobe generated $10.6 billion of free cash flow over the trailing twelve months, with revenue growth of 12.0% over the same period.
Our model's base case uses that 12.0% trailing growth rate as its starting stage-one growth assumption.
A five percentage point swing in assumed growth moves our model's value per share by −24.4% to +31.6%.
A one percentage point higher discount rate reduces model value by 15.3% on its own.
Margin sensitivity is smaller: each one percentage point of lower free-cash-flow margin moves model value by 2.4%.

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Simpson Manufacturing's cash margin hit a 98th-percentile 19.3% as Q3 earnings landed

Tue, 27 Oct 2026 16:38:00 GMT

Eight reports on Simpson Manufacturing's Q3 results landed within a day, but the company's trailing SEC data, which still runs through June, shows free cash flow growing far faster than profit, largely on a sharp drop in capital spending.

TTM free cash flow grew 374.7% to $468.3m while net income grew 14.7% to $378.9m through the quarter ended 30 June 2026.
Capital expenditure fell 58.1% on a trailing basis as operating cash flow rose 63.2%.
FCF margin reached 19.3%, the 98.4th percentile of the available trailing-quarter data.
The structured data behind this analysis ends at FY2026 Q2; the Q3 2026 figures now driving headlines aren't yet reflected.
In our model, a persistent repeat of the past year's margin move shifts value by +328.7%, against −24.6% for five points less growth.

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Stock buybacks vs dividends: what actually reaches shareholders

Tue, 27 Oct 2026 16:38:00 GMT

A buyback announcement does not by itself mean fewer shares outstanding, because new stock issued to employees can work against it. Using Apple's filed buyback, dividend and share-count figures, this explainer shows how shareholder yield and the net share change appear in a filing.

Apple spent $82.2bn on share repurchases over the trailing twelve months, yet its diluted share count fell just 2.1% year over year.
Dividends paid over the same period, $15.6bn, equalled 12.1% of net income and 11.4% of free cash flow.
The gap between repurchase spending and the smaller share-count fall points to new share issuance offsetting part of the buyback effect.
The model's base-case growth assumption of 14.2% moves value more per percentage point than free cash flow margin does.
A discount rate 1 percentage point higher would lower model value by 15.6% under the same assumptions.

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Surgery Partners' profit grew faster than its cash before the $5.7 billion buyout

Tue, 27 Oct 2026 16:38:00 GMT

Reports put Surgery Partners' take-private deal at $5.7 billion as shares surged. Its own SEC filings, covering the twelve months through June 2026, show free cash flow growth of 7.0%, well behind a 50.9% improvement in net income that remained a loss.

Trailing free cash flow grew 7.0% year over year to $187.6m through the quarter ended June 2026.
Net income over the same period rose 50.9%, though it remained a loss of -$88.6m.
Revenue growth slowed to 4.0% year over year, 1.4 percentage points below the prior quarter and the fifth straight quarterly deceleration.
Operating margin held at 11.4%, up 0.2 percentage points year over year, while capital expenditure fell 20.5% to $70.4m.
Reports this week valued a prospective take-private agreement at $5.7 billion, a figure absent from the structured SEC filing data examined here.

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Why Custom Truck One Source shares jumped 13.9% today

Tue, 27 Oct 2026 16:10:00 GMT

Custom Truck One Source shares jumped 13.9% on Tuesday after the company raised its full-year earnings guidance for the third time this year and cut net leverage to 3.7 times, even as quarterly revenue missed forecasts according to a report.

Shares rose 13.9% to $10.26, a move 4.8x the stock's typical daily swing over the past year of 2.9%.
Custom Truck raised its full-year Adjusted EBITDA guidance for the third time in 2026 and cut its net leverage ratio to 3.7 times.
Trading volume ran at 0.7x the stock's 30-day average, while the S&P 500 rose 0.7% and other covered trading and distribution companies rose a median 0.3% the same session.
Free cash flow margin over the trailing twelve months stood at 0.2%, down 4.3 percentage points year on year.
This is Custom Truck's largest gain in this direction since 5 March 2025.

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Why Lincoln Electric shares jumped 8.4% on Tuesday

Tue, 27 Oct 2026 15:58:00 GMT

Lincoln Electric shares rose 8.4% on 27 October after third-quarter results topped revenue and profit expectations, the sharpest gain of this kind in more than a year, on lighter than usual trading.

Lincoln Electric shares rose 8.4% on 27 October to close at $$280.45, up from $$258.65.
The move was 4.5x the stock's typical daily swing over the past year of 1.9%.
Third-quarter net sales rose 15.1% to $1,221.3 million and adjusted earnings per share rose 21.0% to $2.98, per the company's earnings release.
Trading volume was 0.9x the 30-day average, below the level typically seen on a move this size.
The S&P 500 gained 0.6% the same session, against a median move of 0.9% among other covered industrial machinery and components companies.

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Why Asbury Automotive shares rose 10.4% on Tuesday

Tue, 27 Oct 2026 15:48:00 GMT

Asbury Automotive shares rose 10.4% on 27 October even though third-quarter earnings and revenue came in below analyst estimates. The clearest positive in the release was a completed dealer-system rollout and margin gains at its longest-converted stores.

Shares rose 10.4% on 27 October, after a report said Asbury's third-quarter earnings and revenue missed estimates by 4.6% and 0.4%, respectively.
The move was 4.9x Asbury's typical daily swing over the past year, which has averaged 2.1%.
Trading volume ran at 0.5x Asbury's 30-day average, below a typical breakout session.
Asbury's gain compared with a 0.6% move in the S&P 500 and a 1.1% median move among covered automotive retailers.
It was Asbury's biggest move in this direction since 9 April 2025.

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Why Armstrong World shares fell 6.9% on Tuesday

Tue, 27 Oct 2026 15:24:00 GMT

Armstrong World fell 6.9% after reporting third-quarter growth alongside cost pressures and a lower adjusted EBITDA margin. The results offer a plausible catalyst, though no source confirms the market’s reason.

Shares fell 6.9% on Tuesday, a move 3.9x the typical daily change.
The S&P 500 rose 0.3% in the same session, while other covered building products companies fell 0.5%.
Third-quarter adjusted EBITDA margin fell {{30 bps from issuer release}} year on year, while the company cited inflation, mix and tariffs.
Volume was 1.2x its 30-day average.

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Why Herc Holdings shares rose 14.7% today

Tue, 27 Oct 2026 15:24:00 GMT

Herc’s quarterly release pointed to stronger rental demand and raised full-year guidance. The shares’ move was confirmed, but the evidence does not prove which disclosure drove it.

Herc shares rose 14.7% on 2026-10-27.
The move was 4.0x a typical daily move for the stock.
Herc raised its 2026 equipment rental revenue guidance.

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Why SoFi shares rose 13.7% today

Tue, 27 Oct 2026 15:24:00 GMT

SoFi’s results and higher guidance are the clearest explanation for the move. The company reported record third-quarter revenue and raised its outlook; the share rise was far larger than its usual daily move.

SoFi shares rose 13.7% on the day it reported results.
The move was 3.9x a typical daily move for the stock.
Trading volume was 1.6x its 30-day average.
SoFi reported TTM revenue growth of 40.8%.

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Why Pentair shares rose 12.0% on Tuesday

Tue, 27 Oct 2026 14:49:00 GMT

Pentair reported third-quarter results before the session. A reported earnings beat and steadier guidance offer the clearest explanation for the rise, although sales, adjusted earnings and free cash flow weakened.

Shares rose 12.0% on Tuesday, a move 5.6x a typical daily change.
A report said quarterly earnings and revenue beat estimates, by {{source_eps_surprise}} and {{source_revenue_surprise}}.
Third-quarter sales fell 4.0% year over year, while adjusted EPS fell 5.0%.
Pentair reaffirmed its full-year adjusted EPS midpoint at approximately $4.70.

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Why Clearwater Paper shares fell 19.9% today

Tue, 27 Oct 2026 14:41:00 GMT

A sharp fall followed third-quarter results that showed lower sales and an Augusta mill disruption continuing into October, despite higher adjusted EBITDA and improved selling prices.

Clearwater Paper shares fell 19.9% on 2026-10-27.
The company said an Augusta mill disruption hurt volumes and costs, with operational issues continuing into October.
Third-quarter net sales were $385 million, while adjusted EBITDA was $24 million.
The move was 6.0x a typical daily move for the shares.

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Why Hawkins shares jumped 13.5% on Tuesday

Tue, 27 Oct 2026 14:41:00 GMT

Hawkins’ fiscal second-quarter results offer the clearest explanation: record sales and earnings, though the filing also flags costs that could temper the trend.

Hawkins shares rose 13.5% on Tuesday after its fiscal second-quarter results.
The gain was 5.7x a typical daily move for the stock.
Hawkins reported TTM revenue growth of 9.0%, down 0.3 percentage points from the prior quarter.
The company expects second-half trends to be consistent with the first half.

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Why SunCoke Energy shares rose 12.3% on Tuesday

Tue, 27 Oct 2026 14:41:00 GMT

SunCoke’s third-quarter release raised its full-year outlook, with management expecting adjusted EBITDA to modestly exceed the high end of its guidance range. The shares rose 12.3%.

SunCoke shares rose 12.3% after the company said it expected 2026 adjusted EBITDA to modestly exceed the high end of its guidance.
The session move was 4.4x a typical daily move for the shares.
The S&P 500 rose 0.3%, while the median move among covered steel companies was 2.5%.
Trading volume was 0.2x the 30-day average.

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Why UniFirst shares fell 15.4% on Tuesday

Tue, 27 Oct 2026 14:41:00 GMT

UniFirst’s sharp fall has no identified catalyst in the available company news. The move was far larger than its usual daily change, while recent cash-flow and margin trends were weak.

The cause of the fall remains unidentified in the available company news.
Shares fell 15.4%, equal to 7.2x typical daily moves.
The S&P 500 rose 0.0% while covered diversified support services companies fell 0.3%.
Free cash flow fell 41.3% and operating margin fell 1.9 percentage points year over year.

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Why Xylem shares fell 8.2% on Tuesday

Tue, 27 Oct 2026 14:41:00 GMT

Xylem cut its 2026 revenue and adjusted earnings outlook after reporting lower third-quarter revenue. The results are the clearest explanation for the confirmed fall in its shares.

Shares fell 8.2% on Tuesday, a move 5.2x typical daily moves.
Xylem lowered its 2026 adjusted earnings guidance from $5.55–$5.70 to $5.40–$5.45 per share.
The company reported third-quarter revenue down 3.0% year on year, while orders rose 7.0%.
Shares fell 3 February 2022 the largest decline of this scale since.

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Why Fair Isaac shares fell 13.2% on Monday

Tue, 27 Oct 2026 13:32:00 GMT

Fair Isaac shares fell 13.2% on 26 October after the company said it would hold its wholesale mortgage credit-score price at $10, a decision reports tied directly to the drop.

Fair Isaac shares fell 13.2% on Monday, closing at $$708.07 versus a previous close of $$815.31.
The move was 3.3x the size of the stock's typical daily swing over the past year, which runs at 4.0%.
Trading volume ran 2.4x the 30-day average, well above the −0.3% median move among peer application-software companies.
A five-point cut to the growth assumption in Fair Isaac's base-case value model would lower model value per share by −26.5%.
Trailing twelve-month free cash flow margin stood at 41.6% and operating margin at 51.7%, both reported before Monday's news.

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Why Range Resources shares jumped 17.7% on Monday

Tue, 27 Oct 2026 13:04:00 GMT

Range Resources rose 17.7% after EQT agreed to acquire it in an all-stock merger confirmed in a same-day SEC filing. The move dwarfs Range's typical daily swing and arrived on volume far above normal.

Range Resources shares jumped 17.7% on 2026-10-26 after EQT agreed to acquire it in an all-stock merger confirmed in a same-day 8-K.
The move was 7.9x the size of Range's typical daily price swing over the past year, which has averaged 2.3%.
Trading volume was 9.3x the stock's 30-day average, while the S&P 500 rose 0.7% the same session.
Range's trailing twelve-month free cash flow grew 28.4%, against net income growth of 79.2% over the same period.

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Appfolio Inc results: adjusted EPS beat estimates by 1.7%, shares fall 3.0%

Tue, 27 Oct 2026 12:07:00 GMT

Appfolio Inc's adjusted EPS of $1.82 beat the analysts' average estimate of $1.79 by 1.7%, and revenue rose 18.6% year on year to $295.7 million.

Adjusted EPS was $1.82 against the analysts' average estimate of $1.79, so it beat that estimate by 1.7%.
Revenue was $295.7 million for Q3 2026, which rose 18.6% year on year.
The shares fell 3.0% in the session after the release, while the S&P 500 fell 1.7%.

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Why Rexford Industrial shares jumped 6.7% on Friday

Mon, 26 Oct 2026 19:26:00 GMT

Rexford filed third-quarter results the day before its shares rose. The move was unusually large, while the company’s latest available operating data showed slowing revenue growth.

Rexford filed third-quarter results on 22 October, the day before its shares rose 6.7%.
The 6.7% rise was 4.3 times the typical daily move.
Trading volume was 2.4 times its 30-day average.
Trailing revenue growth was 0.5%, while free cash flow growth was 48.0%.

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Booz Allen Hamilton Holding Corp results: adjusted EPS beat estimates by 19.0%

Mon, 26 Oct 2026 17:19:00 GMT

Booz Allen Hamilton Holding Corp's adjusted EPS of $1.76 beat the analysts' average estimate of $1.48 by 19.0%, and revenue fell 3.9% year on year to $2.8 billion.

Adjusted EPS was $1.76 against the analysts' average estimate of $1.48, so it beat that estimate by 19.0%.
Revenue was $2.8 billion for Q2 2027, which fell 3.9% year on year.
Fundamentalytics' base-case value is $80.00 per share, against a share price of $78.32 used on the release date. This is our model, not the company's.

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What EQT’s filings say about the Range Resources deal

Mon, 26 Oct 2026 17:19:00 GMT

Reports put a $50 billion all-stock Range Resources transaction at the centre of attention. EQT’s FY2026 Q2 figures show strong cash generation, but cannot establish the deal’s financing or expected contribution.

EQT’s FY2026 Q2 TTM free cash flow grew 77.1% year over year.
TTM net income grew 137.1%, faster than free cash flow.
TTM revenue growth was 32.3%, down 51.3 percentage points from the prior quarter.
EQT’s FY2026 Q2 model sensitivity implies a 32.6% value change if the past year’s FCF-margin move persists.

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Why Schlumberger shares jumped 7.1% on Friday

Mon, 26 Oct 2026 17:19:00 GMT

Schlumberger's stock rose sharply the day the company reported third-quarter results showing broad sequential growth and a strengthened 2027 outlook, even as year-on-year profitability slipped.

Schlumberger shares rose 7.1% on 2026-10-23, closing at $53.06 versus a previous close of $49.55.
The move was 3.0x the size of a typical trading day for the stock, the largest gain in this direction since 24 July 2026.
Trading volume ran at 1.5x the 30-day average, on a day the S&P 500 fell.
Net income fell 24.2% over the trailing year even as free cash flow grew 0.1%.
Our base-case model value per share stood at $56.00 on the day of the move.

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Why Weatherford shares jumped 8.1% on Friday

Mon, 26 Oct 2026 17:19:00 GMT

Weatherford’s quarterly release reported stronger sequential earnings and cash flow, alongside weaker year-on-year revenue. The move was unusually large for the stock, though trading volume was below its recent average.

Weatherford shares rose 8.1% on 2026-10-23 after its quarterly results release.
The move was 3.1 times the stock’s typical daily move.
Trading volume was 0.7 times its 30-day average.
TTM free cash flow rose 51.6% while TTM net income growth was 0.0%.

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Why AT&T shares fell 8.0% on Friday

Sun, 25 Oct 2026 22:29:00 GMT

AT&T's shares dropped 8.0% after its quarterly filing showed a GAAP earnings slump from a large impairment charge, with free cash flow falling at a slower pace than profit.

AT&T shares fell 8.0% on 23 October 2026, closing at $20.93 from a previous close of $22.74
The move was 4.5 times the stock's typical daily swing over the past year
Trading volume ran 2.2 times the 30-day average
TTM free cash flow fell 10.7% while net income fell 41.0%
A 5pp lower growth assumption would cut Fundamentalytics' model value by 41.1%, against an 8.9% cut per 1pp of lower free cash flow margin

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Why Corcept Therapeutics shares fell 20.1% on Friday

Sun, 25 Oct 2026 22:29:00 GMT

No filing, company release or report explains Corcept’s sharp fall on 23 October. The move was far larger than its typical daily change and came as recent cash flow and margins weakened.

Corcept shares fell 20.1% on 23 October.
The move was 4.0 times a typical daily move for the shares.
Trading volume was 2.1 times its 30-day average.
TTM free cash flow fell 40.8% year over year through FY2026 Q2.

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Why Crown Castle shares jumped 9.1% on Friday

Sun, 25 Oct 2026 22:29:00 GMT

Crown Castle’s 8-K reported third-quarter results and a higher full-year outlook. The filing gives investors company-confirmed news to assess alongside a large, high-volume move.

Crown Castle shares rose 9.1% on 23 October 2026.
The move was 4.2 times the stock's typical daily move.
Trading volume was 3.7 times its 30-day average.
Third-quarter AFFO rose 8.0% year on year, while site rental revenue fell 5.0%.
Crown Castle raised its full-year 2026 Adjusted EBITDA outlook midpoint by $25 million.

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Why Gentex shares fell 6.7% on Friday

Sun, 25 Oct 2026 22:29:00 GMT

Three reports pointed to Gentex’s third-quarter results, including a report that earnings and revenue missed estimates. The company had not confirmed that explanation in an SEC filing by publication.

Gentex shares fell 6.7% on 23 October 2026.
The decline was 4.0 times the stock's typical daily move.
Gentex's trailing-twelve-month free cash flow grew 22.7% year on year through FY2026 Q2.
Trailing-twelve-month revenue growth was 10.1% through FY2026 Q2.

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Why SS&C shares fell 7.3% on 23 October

Sun, 25 Oct 2026 22:29:00 GMT

SS&C reported higher quarterly revenue and adjusted earnings, but its guidance and a refinancing milestone were also in focus after shares fell sharply.

SS&C shares fell 7.3% on 23 October, a 4.1x typical daily move.
The S&P 500 fell 0.5% while covered application software companies rose 1.0%.
SS&C reported third-quarter GAAP revenue growth of 7.8% and adjusted diluted EPS growth of 14.8%.
The company classified $2.0 billion of senior notes as current because they mature on 30 September 2027.

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Why T-Mobile shares fell 7.7% on Friday

Sun, 25 Oct 2026 22:29:00 GMT

Reports pointed to SpaceX’s wireless plans as a possible source of pressure, but T-Mobile has not confirmed a cause. The fall was unusually large against the stock’s recent moves.

T-Mobile shares fell 7.7% on 2026-10-23.
The fall was 3.7 times the stock’s typical daily move.
Trading volume was 1.4 times its 30-day average.
T-Mobile’s latest TTM free cash flow grew 11.5% while net income fell 13.5%.

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Why Weatherford shares jumped 8.2% on Friday

Sun, 25 Oct 2026 22:29:00 GMT

Weatherford’s third-quarter release reported sequential growth in operating income and cash flow, while revenue remained lower year on year. The move was much larger than its usual daily change.

Weatherford shares rose 8.1% on 2026-10-23 after the company reported third-quarter results.
The move was 3.1 times the stock’s typical daily move over the past year.
Third-quarter operating cash flow was $192 million and adjusted free cash flow was $155 million.
TTM free cash flow grew 51.6% while TTM net income growth was 0.0%.

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Why SLM shares fell 10.8% on 23 October

Sun, 25 Oct 2026 18:59:00 GMT

Sallie Mae's shares fell 10.8% after it posted a GAAP net loss and cut its full-year earnings guidance, citing credit costs tied to record loan originations and third-party debt-collection problems.

SLM shares fell 10.8% on 23 October, 4.4 times their typical daily move.
The company cut full-year EPS guidance to $1.95-$2.05 from $3.10-$3.20, per its 22 October 8-K filing.
TTM revenue growth turned negative at -6.7%, down 18.3 percentage points from the prior quarter.
Free cash flow margin over the trailing twelve months stood at -22.3%, a 4.3-percentage-point deterioration year over year.
Trading volume ran 5.0 times the 30-day average.

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Why UWM Holdings shares jumped 26.1% on Friday

Sun, 25 Oct 2026 02:00:00 GMT

UWM Holdings shares rose 26.1% on 23 October after a preliminary third-quarter profit report and a debt plan covered by financial media. The company has not issued its own statement confirming the cause.

UWM Holdings shares jumped 26.1% on 23 October 2026, from $1.15 to $1.45.
The move was 5.99 times the stock's typical daily swing over the past year.
Trading volume ran 2.05 times the 30-day average.
The S&P 500 fell 0.52% the same session, so the move was stock-specific.
The company's trailing-12-month free cash flow margin stands at -137.6%, down 51.0 percentage points year-on-year.

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Why First Industrial Realty Trust shares fell 6.9% on Thursday

Sun, 25 Oct 2026 00:48:00 GMT

First Industrial Realty Trust shares dropped 6.9% on 22 October, a day after third-quarter results and raised guidance. Trading volume ran well above average and the move was the largest in that direction since April 2025.

FR shares fell 6.9% on 22 October 2026, to $55.29 from a previous close of $59.40.
The move was 5.6 times the stock's typical daily move and came on volume 3.8 times the 30-day average.
TTM free cash flow grew just 2.2% while net income grew 50.9%, and free cash flow margin fell 1.9 percentage points to 31.1%.
Our model value would fall 10.3% if the margin move persisted, versus 46.4% for a 5-point cut to the growth assumption.

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Why Rithm Capital shares jumped 8.2% on 23 October

Sun, 25 Oct 2026 00:48:00 GMT

Rithm Capital shares closed up 8.2% after third-quarter results, a move reports tied to an earnings beat but which the company has not itself confirmed as the cause.

RITM rose 8.2% on 23 October 2026, closing at $9.39 from a previous close of $8.68.
The move was about 5.3 times the stock's typical daily swing and its biggest advance since 21 June 2022.
Volume ran at 2.3 times the 30-day average while the S&P 500 fell 0.5% and other covered REITs slipped 0.4% on the same day.
Trailing-twelve-month free cash flow fell 829.7% even as net income fell a smaller 42.0%, leaving a free cash flow margin of −42.0%.

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What Newmont's filings say about its record profit quarter

Sat, 24 Oct 2026 20:43:00 GMT

Coverage framed Newmont's quarter around a share-price fall despite record profit. Its SEC filings show free cash flow growing far faster than net income, pushing the cash margin to a new high.

TTM free cash flow grew 64.6% year over year versus net-income growth of 28.6%.
FCF margin reached 37.9%, the highest level in Newmont's filing history.
Diluted share count fell 3.9% year over year.
Capital expenditure fell 2.5% even as operating cash flow grew 42.0%.

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What Western Digital's filings show behind its earnings beat and capex debate

Sat, 24 Oct 2026 20:43:00 GMT

Western Digital's stock fell despite beating fiscal first-quarter estimates, prompting 16 stories in a day. The filings themselves show record cash margins alongside a sharp rise in capital spending.

TTM free cash flow margin reached 29.6%, the highest level in the available history, above the prior peak of 27.2%.
Net income grew 288.7% over the trailing twelve months, against free cash flow growth of 121.1% and operating cash flow growth of 108.7%.
Capital expenditure rose 47.0% year-on-year, a figure that bears directly on the AI capex concerns cited in today's coverage.
Diluted share count rose 5.8% year-on-year even as margins expanded.
A one-percentage-point rise in the model's discount rate would lower model value per share by 16.0%, while growth assumptions 5 points apart move it between -23.7% and +30.3%.

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Why Carpenter Technology shares fell 20.6% on Thursday

Sat, 24 Oct 2026 20:43:00 GMT

Carpenter Technology shares fell 20.6% on 22 October after record first-quarter operating income was overshadowed by a swing to negative free cash flow and, according to reports, a revenue figure that missed estimates.

Shares fell 20.6% on 22 October, 6.2 times Carpenter's typical daily move
Trading volume was 3.8 times the 30-day average
First-quarter operating income rose 28.0% to $196.4 million, but free cash flow swung to negative $24.8 million
Capital expenditure rose to $77.7 million from $42.6 million a year earlier
Fundamentalytics' base-case model value is $110 per share

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Why Graco shares fell 15.3% on 22 October

Sat, 24 Oct 2026 20:43:00 GMT

Graco's stock fell 15.3% on 22 October, its biggest decline since October 2019, a day after third-quarter results. Reports link the slide to margin pressure in the results; Graco has not confirmed the cause.

Graco shares fell 15.3% on 22 October 2026, closing at $69.28 from $81.81
The move was 9.6 times the stock's typical daily swing of 1.6%
Volume ran at 3.6 times the 30-day average; the S&P 500 fell only 1.2% that day
Free cash flow margin (TTM) is 26.0%, down 2.5 percentage points year over year
A persistence of that margin move would cut model value by 8.9%; the growth assumption is a larger lever

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Why LKQ shares fell 22.5% on 23 October

Sat, 24 Oct 2026 20:43:00 GMT

LKQ Corp shares dropped 22.5% on 23 October after reports linked the move to weak preliminary third-quarter results and a chief executive change, a far larger swing than the stock's typical daily move.

LKQ shares fell 22.5% on 23 October to close at $17.42, the biggest move in this direction since 24 October 2019.
The decline was 10.0 times LKQ's typical daily move over the past year, on volume 6.8 times its 30-day average.
The S&P 500 fell 0.5% the same session; the median move among other covered wholesale motor-vehicle-parts companies was 0%.
TTM free cash flow fell 7.5% to $625 million while net income fell 35.2% to $461 million.
Fundamentalytics' base-case model puts value per share at $27.00, built on a 2.0% stage-one growth assumption.

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Why Pool Corp shares jumped 14.4% on Thursday

Sat, 24 Oct 2026 20:43:00 GMT

Pool Corporation's shares rose 14.4% on 22 October after its 8-K confirmed third-quarter results and held full-year guidance, even as free cash flow and operating income both fell.

Pool Corp shares rose 14.4% on 22 October, from $172.44 to $197.21.
The move was 5.96 times the stock's typical daily move of 2.4% over the past year.
Trading volume ran 2.61 times the 30-day average; the S&P 500 fell 1.18% the same session.
Trailing-twelve-month free cash flow fell 30.6% even as net income fell 2.6%.
The company kept its 2026 adjusted diluted EPS guidance unchanged.

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QS’s latest filing: cash use improved as shares rose

Sat, 24 Oct 2026 20:41:00 GMT

QuantumScape’s trailing cash outflow narrowed year on year, while its diluted share count increased. The new filing points to progress in cash use alongside continued dilution.

Trailing free cash flow was -$258.792m through FY2026 Q3.
Trailing free cash flow improved 7.6215% year on year.
Trailing operating cash flow was -$227.469m.
Diluted share count rose 10.3173% year on year.

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Comfort Systems USA in the news: what its own filings show

Sat, 24 Oct 2026 20:37:00 GMT

Comfort Systems USA is drawing far more news coverage than usual. Its own filings show twelve-month revenue of $5.27 billion, down 36.6% on the year before.

Comfort Systems USA drew 14 news stories in the 24 hours to 23 October, against a usual 1.3 a day.
Revenue over the twelve months to Q3 2026 was $5.27 billion, which fell 36.6% on the year before.
Operating cash flow over the twelve months was $3.01 billion, up 223.9% on the year before.

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What Comfort Systems' filings say about the CFO exit and cash flow swing

Sat, 24 Oct 2026 20:29:00 GMT

A CFO retirement at Comfort Systems coincided with a sharp drop in the stock and a flurry of coverage in a single day. The company's own SEC filings show free cash flow and revenue moving in opposite directions, a pattern the headlines have not addressed.

TTM free cash flow grew 205.6% even as TTM net income grew 94.8%, a wide divergence between cash generation and reported profit
TTM revenue fell 36.6%, sitting in the 5th percentile of its own historical range
FCF margin reached 46.3%, the 95th percentile of its own history
Capital expenditure grew 336.7% year over year and now absorbs 10.7% of revenue
Diluted share count fell 0.7% year over year

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What American Tower's filings say about the SpaceX-driven tower rally

Fri, 23 Oct 2026 17:22:00 GMT

Tower stocks jumped on reports of SpaceX's carrier ambitions, but American Tower's own filings show free cash flow growing far slower than net income, a gap the rally headlines do not address.

TTM free cash flow grew 5.8% while net income grew 163.1% over the same period.
Free cash flow margin was 36.2% of revenue TTM, down 0.3pp from a year earlier, as capital expenditure rose 20.7% against 10.1% growth in operating cash flow.
Operating margin was 44.8% TTM, down 0.73pp year over year, even as net income surged.
Moving the DCF model's growth input up 5 percentage points raises model value per share by 52.6%; moving it down 5 points cuts it by 40.3%, far more than the 3.5% tied to each point of FCF margin.
A 1 percentage point rise in the model's discount rate reduces its value by 23.95%.

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What Schlumberger's filings say about the cash flow behind its Q3 beat

Fri, 23 Oct 2026 16:39:00 GMT

Six stories in a day covered Schlumberger's third-quarter beat and its data-centre ambitions. The filings show a company whose free cash flow has been essentially flat while net income has fallen sharply over the past year.

TTM free cash flow grew 0.1% even as TTM net income fell 24.2%
TTM revenue growth accelerated to 2.5%, up 2.9 percentage points on the prior quarter
TTM free cash flow margin stands at 13.2%, down 0.3 percentage points year over year
Diluted shares outstanding rose 7.6% year over year

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DOW: what the new 10-Q shows about revenue and cash flow

Fri, 23 Oct 2026 15:07:00 GMT

Dow’s latest TTM figures show revenue growth accelerating, with gross margin at 11.1%. Free cash flow has also improved, though net income remains negative and the cash-flow measure relies on estimated capital expenditure.

TTM revenue growth was 4.1552%, up 5.3508 percentage points from the prior quarter.
TTM gross margin reached 11.1069%.
TTM free cash flow was $1,820,000,000, with a 4.271% margin.
TTM net margin was -2.105%.

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Why MSC Industrial shares fell 15.4% on Thursday

Fri, 23 Oct 2026 14:17:00 GMT

MSC Industrial's shares fell 15.4% on 22 October 2026 after fiscal fourth-quarter diluted earnings per share dropped 15.8% on an impairment charge, even as net sales hit a record $1,079.2 million.

MSC Industrial shares fell 15.4% on 22 October 2026, closing at $112.43
Fiscal Q4 diluted EPS fell 15.8% to $0.85 after an impairment charge, despite record net sales of $1,079.2 million
The move was 7.8 times the stock's typical daily swing, on volume 2.9 times the 30-day average
TTM free cash flow fell 6.5% even as net income grew 11.7%, a divergence already visible before this report
Fundamentalytics' base-case model values the shares at $82.00 per share under stated assumptions

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The week in markets: tech falls as Nasdaq 100 drops 3.26%, Dow adds 1.32%

Fri, 23 Oct 2026 13:25:00 GMT

A sharp technology sell-off dragged the Nasdaq 100 down 3.26% even as the Dow rose 1.32% and long-term Treasury yields climbed to 5.13%, ahead of next week's Fed decision and GDP data.

Nasdaq 100 fell 3.26% for the week to 22 October while the Dow 30 gained 1.32%
Technology sector funds fell 3.62% on the week; financials rose 2.5% and health care 2.32%
10-year Treasury yield rose to 5.13% from 5.12%, up from 3.98% a year earlier
Initial jobless claims fell to 194,000 from 200,000 the prior week
WTI crude fell to $107.89 a barrel from $110.01

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What Chubb's filings say about its Q3 earnings coverage spike

Fri, 23 Oct 2026 10:53:00 GMT

Chubb drew a wave of coverage after its third-quarter report. The SEC-derived numbers behind the headlines show where margin, cash flow and share count actually moved, and where the filings stay silent.

TTM net margin reached 18.1% through Q2 FY2026
Net income rose 21.6% year over year to $11.19 billion on the same TTM basis
Revenue grew 8.0% to $61.80 billion, the 60.00th percentile of its own 65-quarter history
Diluted shares outstanding fell 2.5% year over year
Operating cash flow rose 9.8% to $15.4 billion, slower than net income growth

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Why Micron shares fell 6.3% on Thursday: chip peers slid in tandem

Fri, 23 Oct 2026 10:51:00 GMT

Micron fell 6.3% on Thursday, in line with a 5.7% median drop across covered chip peers. A beta-adjusted market move explains about 46% of the decline, and the company made no new disclosure.

Micron shares fell 6.3% on Thursday, close to the 5.7% median drop across 34 covered semiconductor peers the same session.
The move was 1.2x Micron's typical daily swing over the past year, the largest such drop since 2026-08-18.
First-quarter fiscal 2027 guidance calls for revenue of $61.50 billion, with gross margin of approximately 85.95% to 86.25%.

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Why Kraft Heinz shares rose 6.77% as packaged-food peers rallied too

Thu, 22 Oct 2026 21:14:00 GMT

Kraft Heinz shares rose 6.77% to $25.09 on 22 October 2026 as the wider packaged-food group moved the same way, a day the S&P 500 fell 1.18% and the Nasdaq 100 fell 2.86%, pointing to a sector-wide rather than market-wide move.

Kraft Heinz shares rose 6.77% to $25.09 on 22 October 2026, 3.85 times its typical daily move of 1.76%.
The move tracked a sector-wide rally: 7 covered packaged-food peers posted a median gain of 4.5%, while the S&P 500 fell 1.18% and the Nasdaq 100 fell 2.86%.
Trailing-twelve-month free cash flow grew 9.22% against net income growth of 35.57%, and FCF margin reached 15.33%, up 1.52 percentage points year over year.
Fundamentalytics' base-case value per share is $39.00, with the price implying five-year cash-flow growth of -4.4% versus -1.6% delivered.

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Adobe shares rose 6.07% as the Nasdaq 100 fell 2.86%: what the price implies

Thu, 22 Oct 2026 20:57:00 GMT

Adobe shares rose 6.07% on 22 October while the Nasdaq 100 fell 2.86%. Even after the rise, the share price implies that Adobe's cash flow will shrink over the next five years, while its revenue is still growing.

Adobe rose 6.07% to $270.55 on 22 October while the S&P 500 fell 1.18% and the Nasdaq 100 fell 2.86%, with no 8-K filing since the prior session.
The move was 2.32 times the stock's typical daily swing of 2.62% and 6.87 percentage points above the median of 27 covered application-software peers.
Fundamentalytics' base-case model values Adobe at $560.00 per share; the model implies -2.7% five-year cash-flow growth against the 12.0% revenue growth delivered over the trailing twelve months.

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GameStop insiders bought shares as cash flow grew

Thu, 22 Oct 2026 20:55:00 GMT

Three directors and executives made open-market purchases reported on Form 4. GameStop's cash generation improved, while revenue contracted and diluted share count rose.

Three distinct insiders made open-market purchases from 2026-09-21 to 2026-10-13.
Ryan Cohen, President, CEO and Chairman, bought shares on 2026-09-21.
TTM free cash flow grew 42.8%, while TTM net income grew 146.7%.
TTM revenue declined 7.71%, and diluted share count rose 21.1% year over year.

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Why Weatherford shares jumped 7.90% on Wednesday

Wed, 21 Oct 2026 23:53:00 GMT

Weatherford’s results filing gives a clear earnings catalyst for the move. Its cash-flow and margin figures show a mixed operating picture behind the strong session.

Weatherford shares rose 7.90% on Wednesday after the company filed its third-quarter results.
The move was 3.09x the stock’s typical daily move of 2.56%.
Weatherford’s trailing-twelve-month free cash flow grew 11.4% while net income fell 23.9%.
The trailing-twelve-month free-cash-flow margin was 11.0% in FY2026 Q2.

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GE Aerospace results: adjusted EPS rose 36% as free cash flow fell

Wed, 21 Oct 2026 23:42:00 GMT

GE Aerospace raised its full-year guidance after strong adjusted profit growth. Yet quarterly free cash flow fell, while the analysts’ average EPS estimate was beaten by 11.4%.

Adjusted EPS was $2.25, up 36% year on year; GAAP continuing EPS was $2.32, up 14%.
Quarterly GAAP revenue rose 16% to $14.1 billion; adjusted revenue rose 18% to $13.3 billion.
Free cash flow fell 14% to $2.0 billion, while trailing-twelve-month free cash flow grew 24.4%.
Adjusted EPS beat the analysts’ average estimate of $2.02 by 11.4%.

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Cleveland-Cliffs results: adjusted earnings rose as cash flow stayed negative

Wed, 21 Oct 2026 23:39:00 GMT

Cleveland-Cliffs returned to GAAP profit and lifted adjusted EBITDA, while trailing-twelve-month free cash flow remained negative. The earnings beat and company outlook sit alongside a still-thin cash generation record.

Third-quarter GAAP net income was $165 million; adjusted net income was $161 million.
Adjusted diluted EPS of $0.28 was 17.2% above the analysts' average estimate of $0.24.
Quarterly revenue growth was 18.5% year on year, but no quarter in the last eight had faster growth.
TTM free cash flow was negative −$485.0 million, despite a 5.89 percentage points percentage-point year-on-year improvement in FCF margin.

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What Alphabet's filings say about its AI infrastructure spending

Wed, 21 Oct 2026 23:09:00 GMT

A burst of coverage this week ties Alphabet to the scale of AI infrastructure spending across the industry. Its own filings show capital spending growing far faster than revenue, and free cash flow near its lowest margin on record even as net income surges.

Alphabet's trailing capital expenditure reached $132.4bn, up 97.7% year on year, and now equals 29.7% of revenue.
Free cash flow fell 20.2% to $53.3bn, pushing the free-cash-flow margin to 11.9%, below its previous low of 15.2%.
Net income rose 111.3% to $244.2bn, lifting the net margin to 54.8%, while revenue grew a slower 20.1%.
In our discounted cash flow model, a 1-percentage-point fall in free-cash-flow margin cuts model value by 8.5%, while a 5-point change in growth moves it between -24.2% and +30.9%.

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What Supermicro's filings say about its AI demand and margin debate

Wed, 21 Oct 2026 23:09:00 GMT

Coverage of Supermicro spiked on 21 October 2026 around a preliminary quarter update and a sell-side debate over AI demand and margins, according to several reports. Our filings, which predate that update, show revenue growth accelerating and free cash flow deeply negative.

TTM revenue growth accelerated to 77.8%, up 21.5 percentage points from the prior quarter.
Operating margin reached 7.1% on a trailing basis, up 1.4 percentage points year over year and in the 82nd percentile of Supermicro's own six-year range, even as commentary this week pointed to margin pressure.
Net income over the trailing year was $2.23bn, up 112.7% year over year, while operating cash flow over the same period was negative $6.8bn.
Free cash flow over the trailing year was negative $7.0bn, a margin of negative 17.8% and the 2nd percentile of the company's own history.
Diluted shares outstanding rose 11.0% year over year, and trailing capital expenditure equalled just 0.4% of revenue.

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Penguin Solutions 10-K: model value rises from $12.90 to $58.00 a share

Wed, 21 Oct 2026 22:45:00 GMT

Penguin Solutions filed its 10-K on 20 October, covering the year to August 2026. Revenue grew 26.5% and reported net income jumped, while free cash flow turned negative at a -9.4% margin. Our dated model value moved from $12.90 to $58.00 a share.

Penguin Solutions filed its 10-K on 20 October 2026; our dated model value moved from $12.90 to $58.00 a share, a change of 349.6%.
Trailing revenue reached $1.73bn, up 26.5%, with growth accelerating 14.5 percentage points from 12.0% a quarter earlier.
Reported net income rose 611% to $181m, lifting the net margin to 10.4%, while the operating margin was little changed at 4.0%.
Free cash flow was negative $163m and the free-cash-flow margin fell to -9.4%, down 16.75 percentage points and below its earlier low of -6.7%.
The diluted share count rose 4.8%, and operating cash flow was negative $152m against $181m of reported net income.

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Why Mueller Industries shares fell 7.4% on Tuesday after its third-quarter results

Tue, 20 Oct 2026 21:52:00 GMT

Mueller fell 7.4% on 20 October after third-quarter results that showed net sales, net income and earnings per share all higher than a year earlier. Our figures through June show revenue up 14.8% and free cash flow of $666m, the trend going into this report.

Mueller Industries shares fell 7.4% on 20 October 2026, the biggest one-day fall since February 2026, after the company reported third-quarter results.
The fall was about 3.4 times a typical day for the stock, while the S&P 500 rose 0.4% and the median move among the other nonferrous metals companies we cover was 0%.
The reported figures rose from a year earlier: net sales of $1.42 billion against $1.08 billion and diluted earnings per share of $1.00 against $0.94, the ninth straight quarter of year-on-year earnings growth.
Our figures through June show trailing-twelve-month revenue of $4.66bn, up 14.8%, with free cash flow of $666m at a 14.3% margin.
Our base-case model value is $100 per share; a growth rate 5 percentage points lower reduces that value 22.9%, while 5 points higher raises it 29.5%.

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Buy, refinance or rent: how to weigh a soft US housing market

Tue, 20 Oct 2026 12:28:00 GMT

US mortgage rates opened the week lower, Goldman Sachs expects a weaker housing market, and a reader is resolved to rent for life. The practical question underneath: buy, refinance or rent, and how to decide on what you control rather than a forecast.

A single day's lower mortgage rate (Monday, October 19) says little about where rates settle; the rate you can actually lock matters more than the market-wide average.
Refinancing is a break-even calculation: a new rate, minus the costs of switching, over the months you expect to keep the loan.
Goldman Sachs expecting a weaker US housing market cuts both ways — more negotiating room, but also the risk of buying into further falls.
Renting can be a rational long-term plan rather than a failure, judged on predictable, affordable cost plus protection against shocks.

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Investing for income: what yield figures and monthly payouts don't tell you

Tue, 20 Oct 2026 12:12:00 GMT

US investors are being sold more income and more ways to trade: monthly payouts from covered-call funds, fat dividend yields, round-the-clock options. The question behind the pitches: what does a yield actually measure, and what does reaching for it cost?

On one report's figures, a dividend-and-buyback ETF returned 36% over the 12 months through August against 20% for the S&P 500, while its headline yield was just 2.9%.
Covered-call fund payouts can mix dividends, capital gains and return of capital; return of capital reduces your cost basis and defers tax rather than removing it, often surfacing only on the IRS 1099-DIV.
The NYSE's new extended options sessions run from 7:30 AM to 9:25 AM ET and 4:00 PM to 4:15 PM ET, with 23 hours a day, five days a week planned from Dec. 6, 2026.
Extended-hours options trading recently set a record of more than 199,000 contracts per day on average, on CBOE data.

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Retirement is a chain of trade-offs: where your attention actually pays off

Tue, 20 Oct 2026 12:12:00 GMT

Five US retirement stories, from a sceptical 25-year-old to a couple weighing a $15,000-a-year policy, point to one question: across a retirement that can last decades, where does your attention actually pay off? These are the choices, the trade-offs and the traps.

Roth conversions rose 41% by the end of March against the same stretch of 2025, on Fidelity data drawn from 19.6 million IRA accounts.
US households held $15.9 trillion in traditional IRAs at the close of 2025, against $2.4 trillion in Roth accounts.
CareScout put 2026 assisted living at $82,482 a year and a shared nursing-home room at $118,424 — the case for insuring care costs rather than self-funding.
The source couple, aged 65 and 66, were quoted about $15,000 a year for hybrid life-and-care policies.
Social Security caps replacement cards at three per calendar year and ten per lifetime under the 2004 Intelligence Reform and Terrorism Prevention Act.

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HubSpot cuts about 7% of staff as its latest quarter shows record cash margins

Tue, 20 Oct 2026 10:32:00 GMT

The 6 October filing was not an earnings report but a memo cutting about 7% of staff. Against the June quarter, with adjusted EPS of $3.26 versus a $3.02 analysts' average and free cash flow at a record 23.1% margin, the cut comes from apparent strength, not distress.

HubSpot's 6 October 8-K was a workforce-reduction memo — about 7% of staff, roughly 660 roles — not a quarterly earnings release.
In the June quarter, adjusted (non-GAAP) EPS of $3.26 beat the analysts' average of $3.02, an 8.1% surprise.
Trailing free-cash-flow margin reached 23.1%, a high in the company's history, with GAAP operating margin at 3.8%, up 6.3 percentage points year on year.
Over the release window the shares slipped 0.15% against a 0.3% gain in the S&P 500, far below their 6.2% typical results-day move.
In our DCF, a 5-point change in growth moves model value by 23.2% to 29.6%; a 1-point change in free-cash-flow margin moves it 4.2%.

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Retirement is four questions, not one: saving, tax, care and purpose

Mon, 19 Oct 2026 20:10:00 GMT

Four recent US retirement stories trace one arc: the pot you build, the tax you pay to use it, the late-life care costs that can drain it, and the life it is meant to fund. The account names are American; the trade-offs they describe are not.

US assisted living averaged $82,482 a year in 2026, and a shared nursing home room $118,424, on CareScout's figures.
American households held $15.9 trillion in traditional IRAs against $2.4 trillion in Roth IRAs at the end of 2025.
Roth conversions ran 41% ahead of the prior year by late March, on Fidelity's read of 19.6 million accounts.
Harvard's Fall 2025 Youth Poll found 39% of young Americans backing capitalism, down from 45% in 2020.

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Six companies that grow, convert cash and shrink their share count: what the filings show

Mon, 19 Oct 2026 20:10:00 GMT

A screen of SEC filings for double-digit growth, free cash flow of at least a quarter of revenue and a falling share count returns fourteen names. We read the figures behind the top six and the caveat each one carries.

Fourteen companies cleared all three tests: double-digit revenue growth, free cash flow of at least a quarter of revenue, and a lower diluted share count than a year earlier.
NVIDIA grew revenue 83.4%, the fastest on the list, while trimming its diluted share count 1.0%.
Doximity led on cash conversion, with free cash flow of 49.9% of revenue.
CarGurus cut its diluted share count 8.1%, the most of the six, on buybacks worth 117% of free cash flow.
Adobe paired 12.0% revenue growth with a 6.2% reduction in diluted shares.

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Buyback Monitor, 2026-Q4: Dropbox leads a table where buybacks outrun free cash flow

Mon, 19 Oct 2026 15:00:00 GMT

Dropbox leads the 2026-Q4 Buyback Monitor with its diluted share count down 18.25% in a year, ahead of Pegasystems and CarGurus. Across the 58 companies ranked, the pattern to watch is buyback spending running ahead of free cash flow.

Dropbox leads the 2026-Q4 edition with diluted shares down 18.25% over the trailing year, on buybacks equal to 156.9% of free cash flow.
Pegasystems (-13.06%) and CarGurus (-8.11%) complete the top three; both spent more than their trailing free cash flow on repurchases (125.0% and 117.2%).
Pinterest cut its share count 7.69% while expensing stock-based compensation worth 22.43% of revenue; its buybacks ran at 212.8% of free cash flow.
Paycom took the quietest route: a 7.07% reduction while spending just 9.0% of free cash flow on buybacks.
58 companies qualified this quarter; 46 were excluded by data-quality and eligibility checks.

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Datadog vs Dynatrace: what the filings show

Mon, 19 Oct 2026 15:00:00 GMT

Datadog's revenue grew 31.5% on a trailing-twelve-month basis and is accelerating; Dynatrace's grew 17.9%, the slowest in its filed history. Yet Dynatrace runs a 12.1% operating margin to Datadog's 0.4%. A dimension-by-dimension read of two observability vendors' SEC filings.

Datadog's TTM revenue grew 31.5% year on year, accelerating 2.0pp versus the prior quarter; Dynatrace grew 17.9%, a 0.9pp deceleration and the slowest reading in its filed history.
Dynatrace leads on reported profitability: a 12.1% TTM operating margin, near its recorded maximum of 13.1%, against Datadog's 0.4%.
Cash conversion is close: FCF margins of 29.8% (Datadog) and 27.2% (Dynatrace), moving in opposite directions year on year.
Dynatrace's free cash flow grew 21.9% while net income fell 69.3%; Datadog's net income rose 42.5%.
Datadog's diluted share count rose 1.7% over the year; Dynatrace's fell 1.1%.

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NVIDIA's profits are growing far faster than the cash behind them

Fri, 16 Oct 2026 00:00:00 GMT

NVIDIA's trailing-twelve-month net income grew 122.7% year over year; free cash flow grew 76.3%. Both are extraordinary, but the gap between booked profit and banked cash is now wide enough to deserve its own explanation, and the filings' structured data alone cannot supply one.

TTM net income grew 122.7% year over year while free cash flow grew 76.3% — earnings are outpacing the cash that backs them.
Free cash flow margin slipped 1.7 percentage points year over year to 41.9%, even as net margin reached 63.7%.
Operating margin of 65.2% is a 100th-percentile reading against NVIDIA's own prior trailing-twelve-month history.
Capex remains only 2.4% of revenue, so the shortfall is not an investment story on the face of the filings.

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Adobe's free cash flow machine is quietly buying back the company

Thu, 15 Oct 2026 00:00:00 GMT

Adobe converts roughly 41 cents of every revenue dollar into free cash flow and is using it to retire more than 6% of its diluted shares a year. The cash economics remain among the strongest a software company can show. The debate is what they're worth.

Trailing-twelve-month free cash flow reached $10.6B — a 40.8% FCF margin, in the 75th percentile of Adobe's own 17-year history (range: 22.8% to 45.8%).
Diluted shares outstanding fell 6.2% year over year: combined with 10.3% FCF growth, per-share free cash flow is compounding materially faster than the headline number.
Operating margin of 35.7% sits in the 84th percentile of Adobe's history, within about a point of its all-time high of 36.8%.
Revenue growth has stabilised at 12.0% — almost exactly the median of Adobe's own trailing-twelve-month history — ending the deceleration narrative of prior years.
Net income growth of 4.7% lags cash flow growth; reported earnings currently understate the cash the business generates.

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One of these four cash machines is not like the others

Thu, 15 Oct 2026 00:00:00 GMT

We computed trailing-twelve-month capex intensity and free-cash-flow margin for the four companies in our coverage universe. The AI buildout's cost is concentrated almost entirely in one of them, and the free-cash-flow consequences are now the widest in the dataset.

Microsoft now spends 34.9% of revenue on capital expenditure; Apple, NVIDIA and Adobe spend 2.2%, 2.4% and 0.8% respectively — a concentration of AI infrastructure cost in a single balance sheet.
The free-cash-flow consequences diverged accordingly: Microsoft's FCF margin fell 5.2pp to a dataset low of 20.2%, while Apple's rose 5.7pp to 29.3% — the 87th percentile of its own history.
Apple is the quiet winner of the AI capex cycle so far: free cash flow up 42.1% while its own capex fell 18.9%.
NVIDIA converts the spending wave into revenue rather than making it: 83.4% revenue growth with a 41.9% FCF margin and capex intensity of 2.4%.
Sellers and light spenders currently keep 40+ cents of each revenue dollar as free cash; the heaviest builder keeps 20. Whether that gap is temporary is the central question of this cycle.

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Microsoft FY2026: the income statement says record year. The cash flow statement disagrees.

Thu, 15 Oct 2026 00:00:00 GMT

Microsoft closed fiscal 2026 with near-record operating margins and 17.8% revenue growth, and the weakest free-cash-flow margin in the seventeen years of filings we analyse. The gap between those two sentences is $115.9B of capital expenditure.

FY2026 revenue reached $331.8B, up 17.8% — in the 93rd percentile of Microsoft's own trailing-twelve-month growth history.
Operating margin hit 46.8%, the 99th percentile of Microsoft's history, and net income grew 31.3% to $133.7B.
Yet free cash flow fell 6.5% to $67.0B: a 20.2% FCF margin, the lowest reading in our 17-year dataset — below the previous trough of 22.9%.
The wedge is capital expenditure: $115.9B in FY2026, up 79.6% year over year, now absorbing 34.9% of revenue.
Operating cash flow itself remains exceptional — $182.9B, up 34.4% — so the cash is being generated; it is being spent before it reaches shareholders.

Read the full analysis