Latest earnings analyses

Ventas grew third-quarter revenue 23.0% to $1.83 billion and pushed Normalized FFO per share up 10% to $0.99, then raised full-year guidance again. The catch is what paid for it: the share count rose and GAAP net income per share fell to $0.13. Read the quarter as a senior-housing operating story, not a GAAP earnings story.

Sherwin-Williams grew third-quarter sales 7.9% to $6.86 billion but squeezed less of it into profit: gross margin fell to 47.8% and adjusted EPS of $3.63 landed below the $3.72 consensus. Net income slipped 1.5% to $821.0 million. The read: price increases and the Suvinil acquisition carried the top line while raw material costs and mix ate the upside, leaving full-year guidance intact but demand muted.

Robinhood's third quarter was a growth quarter with a profit squeeze: revenue hit a record $1.42 billion, up 12.0%, while GAAP EPS fell 16.0% to $0.51 and came in below the $0.5605 consensus. Read it as a franchise-momentum story—net deposits, Gold subscribers, options and event contracts—not as a margin story, because expenses and credit provisions rose.

Royal Caribbean beat its own guidance and the consensus adjusted EPS number, then lifted full-year 2026 adjusted EPS to $17.85–$17.95. Revenue rose 8.8% to $5.59 billion while gross margin slipped slightly to 51.5%. Read the quarter as demand-led: ticket and onboard revenue both grew, costs were deferred into the fourth quarter by timing, and fuel is now the offset. The verdict is Bullish, with debt as the caveat.

Revenue rose 7.0% to $3.678 billion and adjusted EPS of $4.58 beat the $4.5167 consensus by about $0.06, a thin margin helped by a 4.2% lower diluted share count. GAAP and adjusted tell different stories this quarter: GAAP carries a $200 million Energy disposal gain and a $0.20 discontinued-operations loss. The real headline is the Capital IQ strategic review.

Seagate's fiscal first quarter was a blowout: revenue rose 61.0% to $4.23 billion, gross margin hit 57.3%, non-GAAP EPS of $7.68 beat the $7.4926 consensus, and free cash flow reached $1.48 billion. The view is Bullish. Read the quarter in three steps: where the margin came from, what guidance implies for the next one, and how the balance sheet was rebuilt while cash was returned.

Pentair's third quarter was two stories: a shrinking Pool business and a profitable Flow and Water Solutions pair. Revenue fell 4.5% to $976.4 million and GAAP EPS dropped 18.8% to $0.91, but adjusted EPS of $1.18 came in above the $1.0871 consensus. The company reaffirmed its full-year adjusted EPS midpoint of about $4.70 while leaning on a fourth quarter that must grow 7% to 9%.

PPG beat: adjusted EPS of $2.25 topped the $2.1444 consensus and management lifted the midpoint of full-year guidance to $8.00. The quarter was carried by pricing plus real volume growth, and two of three segments expanded margins. The exception is Industrial Coatings, where index-based pricing lags raw-material inflation. Read the scorecard below as a beat with a narrow, known weak spot, not a broad upgrade.

PayPal beat the $1.3367 consensus non-GAAP EPS number with $1.45, but the beat came from a smaller share count, not faster growth: revenue rose 2.0% and GAAP net income fell 14.0%. Read the scorecard as a split verdict — the top line is stalling while the per-share numbers are being propped up by buybacks. The raised full-year EPS guidance points the same way.

NXP beat its own revenue guide again and posted $3.79 billion in sales, up 19.0% year on year, with non-GAAP EPS of $4.20 edging the $4.17 consensus. The quarter's real story is cash: free cash flow of $1.21 billion, or 31.9% of revenue, funds a fresh $5 billion buyback. Read the scorecard as growth plus margin, then check the balance sheet for what this chipmaker owes.

ONEOK's quarter looks like a blowout — $2.13 of diluted EPS against a $1.5841 consensus — but strip out a one-time $336 million tax benefit and the beat shrinks to about a penny. Revenue rose 44.3% to $12.455 billion on Permian volumes while gross margin fell to 22.8% because pass-through commodity sales carry thin margins. Guidance was raised again. The read is Bullish, with caveats.

PACCAR's third quarter was a clean beat on the business, even if headline EPS landed a hair under consensus: revenue rose 19.0% to $7.94 billion and net income jumped 43.6% to $847.5 million. The read-through is truck margins, not volume alone, plus record Parts revenue. Below: the scorecard, the cash-conversion question and the only forward numbers management actually gives.

IQVIA beat on both lines and lifted full-year 2026 guidance, so the quarter reads clean: $4.43 billion of revenue, $3.34 of adjusted EPS against a $3.31 consensus, and bookings up 15%. The one blemish is a $2.1 billion backlog adjustment tied to inactive trials. Read the raise closely — 250 basis points of the revenue guide now comes from acquisitions, not the base business.

ITW delivered a clean quarter: revenue rose 4.4% to $4.24 billion, EPS came in at $3.00 against a $3.0049 consensus, and operating margin hit a record 27.8%. The stance is balanced because the beat is mostly operational execution, while full-year margin guidance still sits below the Q3 level and several segments remain soft. Read the scorecard for growth quality, then the balance sheet for cash conversion.

Hubbell cleared the adjusted EPS bar by a whisker — $5.91 versus $5.87 expected — and lifted full-year adjusted EPS to $20.40–$20.60, so the quarter reads as a modest beat-and-raise. Revenue of $1.87 billion rose 24.6%, though 13.2 points of that came from acquisitions. Read the scorecard for organic growth and margins, and the balance sheet for what the deals cost.

Hilton beat on the bottom line and grew revenue 6.6%, and the story still rests on fees rather than rooms it owns. Adjusted EPS of $2.45 cleared the $2.3851 consensus, while GAAP EPS of $2.37 came in just under it. Read the quarter as strong core momentum with a slower fourth quarter already written into guidance.

HCA delivered 3.6% revenue growth and a $0.49 EPS beat, but a $400 million uninsured payer-mix hit dragged net income down 3.9%. The forward story now rests on guidance landing in the upper half of $77.00–$79.50 billion revenue and $28.70–$30.50 EPS. Read the payer commentary before the headline EPS: part of the per-share gain is buyback arithmetic, not operating leverage.

FirstEnergy beat the $0.9275 consensus with core EPS of $0.98 and grew revenue 11.1%, and it reaffirmed 2026 core guidance of $2.62 to $2.82 a share. The quarter itself is solid; the more telling number may be 7.9 gigawatts of contracted large-load demand. Read the scorecard for the quarter, then the outlook and the balance sheet.

Essex delivered a modest beat and a modest raise: Core FFO per share of $4.00 topped the midpoint of its own range by $0.01, and full-year guidance moved up. Revenue of $492.69 million rose 4.1%. The scary-looking GAAP drop to $1.52 from $2.56 is last year's asset-sale gain, not an operating problem. Read the quarter through Core FFO and 3.1% same-property NOI growth.

Expand Energy beat the $1.28 consensus EPS with $1.46 of adjusted profit, but the cleaner story is cash: $339 million of free cash flow and $437 million returned to owners. Read the GAAP $2.24 with care — $464 million of derivative gains and $153 million of unrealized hedging marks sit inside it. The quarter was solid, not spectacular: revenue rose 10.8% while operating income fell to $640 million from $725 million.

Extra Space delivered a modest but clean quarter: same-store net operating income rose 4.6%, Core FFO per share grew 4.3% to $2.17, and management raised full-year Core FFO guidance to $8.40–$8.50 from $8.25–$8.40. Read it as an operating beat wrapped in slow growth — total revenue rose 3.6% and GAAP EPS of $1.17 landed just under the $1.19 consensus.

Ecolab's third quarter was a price-and-volume story: revenue rose 13.0% to $4.69 billion and organic growth accelerated to 7.0%, yet GAAP EPS fell to $1.95 as CoolIT deal costs and a higher tax rate bit. Adjusted EPS of $2.18 rose 5.0% and landed about $0.02 below the $2.20 consensus. Read the organic lines, not the GAAP headline.

CenterPoint beat on earnings, raised its 2026 outlook and added $4.0 billion to its capital plan. Non-GAAP EPS of $0.53 topped the $0.4988 consensus, and revenue grew 10.6% to $2.20 billion. Read the scorecard for the operating beat, the guidance section for what management now promises through 2030, and the risks for what all that construction costs in cash and dilution.

Corning cleared the consensus earnings bar and guided the December quarter to another 19.0% core sales increase. Optical Communications did the heavy lifting, with sales up 44.0% on Gen AI demand. Read the numbers in two layers: GAAP sales of $4.86 billion versus core sales of $5.08 billion, a $226 million currency-hedging adjustment. Core EPS of $0.91 beat the $0.8903 consensus; GAAP EPS of $0.78 did not.

Coca-Cola's Q3 FY2026 was a strong operating quarter: revenue and EPS grew, unit case volume rose 5%, and management raised full-year guidance. The read-through is that concentrate sales, price/mix and currency all helped, while the headline net income also carries non-operating items. Use the scorecard to separate reported growth from the cleaner organic and comparable figures, then check the guidance bridge for the Q4 and 2027 acquisition headwinds.

CoStar's third quarter of 2026 was a profitability quarter, not just a growth quarter: revenue rose 14.1% to $952 million while adjusted EBITDA doubled to $229 million. Adjusted EPS of $0.38 beat the $0.344 consensus, and management raised full-year Adjusted EBITDA guidance. The soft spots are a gross margin that slipped to 77.8% and fourth-quarter revenue guidance whose midpoint sits below consensus.

CMS Energy beat on the number management steers by and reaffirmed everything, while GAAP profit was gutted by a NorthStar Clean Energy write-down. Adjusted EPS of $1.44 topped the $1.36 consensus, revenue rose 7.4%, and 2026 guidance of $3.83–$3.90 held. Read the gap between $0.39 reported and $1.44 adjusted as the whole story here.

Centene's Q3 2026 earnings look split: adjusted EPS of $0.58 beat the $0.0969 consensus, while GAAP EPS was -$0.14. Premium and service revenue rose 0.5% to $45.105 billion, with Medicare up 20% and Commercial down 21%. Management raised the 2026 adjusted EPS floor to more than $5.20. Read the adjusted-to-GAAP gap as restructuring costs and the cash outflow as payment timing, not yet as a broken model.

BXP beat on both lines and raised full-year guidance, so the quarter reads as a clean operating win. Revenue of $911.4 million rose 4.6% and FFO per share of $1.89 topped last year's $1.74. The catch is that part of the EPS beat came from gains on property sales rather than rent. Read the sections below for the split between operating improvement and one-off items.

Boeing's third quarter was a step forward, not a clean win: revenue rose 4.0% to $24.19 billion and free cash flow was positive at $464 million, but a $116 million net loss and a core loss of $0.34 per share came in worse than the $0.21 loss analysts expected. Read it as a manufacturer still fixing its factories while its largest segment loses money.