Three months ago, Floor & Decor's management described the business as reaching an early inflection point. Comparable store sales had narrowed sharply through the spring, the professional customer was spending again, and full-year earnings guidance moved higher. The stock has since fallen nearly 23%, trailing the S&P 500 by about 26 percentage points. The third-quarter report, due after the close on October 29, will show whether the market overreacted to a choppy summer or correctly sensed that the recovery was running out of steam.
Forrester Research heads into its third-quarter report with a stock that has run well ahead of its fundamentals. Shares have climbed nearly 16% since the last report, beating the S&P 500 by almost 13 percentage points. Yet the business metric that matters most, contract value, stopped improving last quarter. The October 29 release, due after the close, should show whether that pause was a brief stall on the way to growth or a sign the recovery has hit a ceiling.
First Solar enters its third-quarter report with a striking disconnect. Last quarter, management delivered its strongest profitability of the year, sounded more confident about demand and pointed to hyperscaler data-center projects as a fresh growth driver. Since then, the stock has fallen 18% while the S&P 500 gained about 3%. When the company reports after the close on October 29, the question is whether the operating story still holds or whether the market has correctly sensed trouble the income statement has not yet shown.
GoDaddy enters its third-quarter report with an unusual mismatch between narrative and price. Three months ago management told investors that its fast-growing Aero AI platform was eating into higher-priced traditional products, trimmed the top of its full-year revenue range, and cut its bookings outlook for the applications and commerce business. The stock has since climbed roughly 42%, beating the S&P 500 by about 38 percentage points. The market has decided the AI story matters more than the transition pain. This report will show whether the numbers back up that bet.
Grid Dynamics enters its third-quarter report with something it lacked for much of the past year: momentum that the market has been willing to pay for. Management raised its near-term outlook for a second straight quarter, pushed AI work past 30% of revenue and recovered margins. Shares have climbed about 22% since the last report. The open question is whether the company can turn a strong quarter into a durable growth story, or whether the unchanged full-year forecast was a quiet hint that the acceleration is front-loaded.
Gilead Sciences heads into its third-quarter report with a stock that has already priced in a good deal of the optimism its management generated three months ago. Shares have climbed 15.1% since the last report while the S&P 500 slipped 0.9%, and at $156.51 the stock sits about 2.5% below its post-earnings high of $160.51. A company that raised its HIV outlook twice in a row now has to show that the HIV franchise, and especially its PrEP business, is still accelerating rather than simply holding steady.
Gaming and Leisure Properties heads into its third-quarter report with a mismatch that is hard to ignore. Management has raised its full-year outlook on three straight calls and talked up regional gaming as about as durable as it has ever been, yet the stock has dropped 11.5% since the last report while the S&P 500 gained 3.3%. The October 29 release, due after the close, will test whether the operating story has really changed or whether the market is simply pricing in risks outside the company's control.
Hamilton Insurance Group heads into its third-quarter report with a peculiar setup: premiums are still growing at a healthy clip, the shares are pressing against their post-earnings high, yet Wall Street expects earnings per share to roughly halve from a year ago. The question is whether that low bar reflects prudent caution about a seasonally risky quarter or a deeper worry that last quarter's margin slippage was more than a one-off.
Healthcare Realty Trust has spent four straight quarters raising its outlook, refinancing debt on better terms than planned and finding accretive ways to redeploy capital. The stock has responded since the last report by falling nearly 18% while the S&P 500 gained about 3%. That gap is the central tension heading into the third-quarter release after the close on October 29. The operating story has not visibly cracked. The market, however, is acting as if it might, or as if higher interest rates will eventually make the improvement irrelevant.
Hercules Capital heads into its third-quarter report with a quiet but revealing setup. Wall Street expects the venture lender to earn $0.49 per share, a penny below the prior quarter's $0.50 and identical to the year-ago result. Revenue is pegged at $142.2 million, up about 3% from $138.1 million a year earlier but noticeably below the $149.1 million posted last quarter. In plain terms, analysts are betting that the last report marked a high-water mark rather than a new baseline, and the question is whether Hercules can prove that view too cautious.
Illumina enters its third-quarter report with an awkward combination: a stock that has rallied nearly 32% since its last update and a quarter management has already signaled will look slower than the one before it. After posting 8.1% organic growth outside China in the second quarter, its fastest pace under the current CEO, the company guided to roughly 4.5% for the September quarter. That deceleration is known. The real question is whether the clinical engine behind three straight quarters of improving momentum is still running hot underneath it.
Last quarter First Internet Bancorp finally showed that its credit cycle was turning. Provisions, delinquencies and nonperforming loans all moved lower together, and management said the worst was behind it. The third-quarter report is where that claim has to start paying off. Wall Street expects earnings of $0.80 per share, roughly triple the $0.27 the bank earned in the second quarter and a sharp swing from the $1.43 loss a year ago. That 156% expected improvement is mostly a credit story, not a growth story.
Ingram Micro enters its third-quarter report with an unusual disconnect. Three months ago, management delivered record second-quarter results above its own guidance, raised every forecast metric and described the outlook as its strongest quarterly guidance yet. Since then, the stock has fallen 8.4% while the S&P 500 gained 3.3%, and sentiment has swung from mildly bullish to clearly bearish. The October 29 release, due after the close, has to show whether that skepticism reflects something real in the business or simply impatience with a distributor whose growth story still comes with thin margins and lumpy cash flow.
Intel heads into its third-quarter report with an awkward mismatch. Three months ago management delivered its most confident call in years, describing the strongest revenue growth in more than a decade and a half, lifting its capital spending plans and committing to high-volume production on its 14A process in 2028. Since then the stock has fallen 8.6% while the S&P 500 gained 4.1%. That leaves a market that seems to doubt whether the operating story can keep pace with the rhetoric. The report after the close on October 29 is the first real chance to settle that argument.
Innovex International enters its third-quarter report with an unusual gap between what management promised and what the market seems willing to believe. Last quarter the company issued its most confident outlook since the Dril-Quip merger and described itself as entering a new phase of growth. Yet the stock has slipped since then, sentiment has cooled, and the Street's revenue estimate sits below the bottom of the company's own guidance. When Innovex reports after the close on October 29, the main question is whether the step-up management forecast is real and broad-based, or mostly the arithmetic of an acquisition.
Ingersoll Rand left its last report with a split personality. Demand finally looked like it was turning, with management raising its full-year revenue outlook for the first time this year and pointing to double-digit order growth in the opening weeks of July. Yet margins went the wrong way, and the company declined to lift its EBITDA forecast despite the higher sales target. The third-quarter report, due after the close on October 29, is where those two stories have to be reconciled.
Quaker Chemical heads into its third-quarter report with a split personality. Last quarter the industrial fluids maker posted record adjusted EBITDA of $85 million on its best volume growth in several quarters and raised its full-year outlook, yet it also warned that crude-linked raw material costs tied to the Middle East conflict would keep gross margins depressed through the summer. The question for this report is whether the self-help story of share gains, cost cuts and footprint changes can keep earnings rising while the margin recovery waits until year-end.
Alliant Energy heads into its third-quarter report with an unusual amount riding on the outlook rather than the quarter itself. Last time out, management all but promised that this update would bring a refreshed capital plan and possibly a more specific, and perhaps higher, long-term earnings growth target than the 7%-plus it has repeated for four straight calls. The stock, meanwhile, has slipped 3.1% since that report while the S&P 500 gained 3.3%. That leaves the shares as a show-me story heading into the release on October 29 after the close.
Mondelez heads into its third-quarter report with a better story than its stock price suggests. Last quarter management raised its full-year organic revenue outlook, pointed to North America finally growing again, and sharply upsized the opportunity in its Biscoff partnership. Yet it declined to lift earnings guidance, choosing to reinvest the upside, and shares have essentially gone nowhere since. The October 29 release, due after the close, is the first real test of whether that improving top line can carry through a quarter that management already warned would be clouded by a European heat wave, higher cocoa costs and lingering Middle East expenses.
Three months ago, Methanex shifted from defense to offense. After several quarters focused on paying down debt and absorbing the OCI assets, management restarted construction on Geismar 3, raised the dividend and brought in a shipping partner to help fund growth. The stock has rallied since then. The third-quarter report, due after the close on October 29, is the first chance to see whether methanol pricing and plant reliability can support that more ambitious plan while hundreds of millions of dollars of construction spending still lie ahead.
When a company adds going-concern language to its financial statements, the quarterly earnings figure becomes almost secondary. That is the situation facing Mercer International as it prepares to report third-quarter results after the close on October 29. The pulp and lumber producer used its last report to disclose doubts about its ability to continue as a going concern. It also moved both of its revolving credit facilities into current liabilities and confirmed it had hired advisors to evaluate strategic alternatives, including talks with holders of its 2028 and 2029 senior notes. The upcoming release is less about whether Mercer beats a number and more about whether there is still an equity story to tell.
Medallion Financial heads into its September-quarter report with an awkward but interesting problem: the faster it grows, the worse its near-term earnings look. Last quarter delivered one of the strongest origination periods in the company's history, a higher dividend and a stepped-up buyback, yet reported profit fell sharply because accounting rules force lenders to book expected losses the day a loan is made. The question for the report after the close on October 29 is whether that growth engine is still running hard, and whether investors are starting to see the earnings power behind it.
Mohawk Industries spent last quarter convincing the market that it had shifted from defense to offense, posting its first constant-currency sales increase in several quarters and widening margins in all three segments. The stock has not followed the narrative. Shares have slipped about 4.8% since that report while the S&P 500 gained 3.3%, leaving the flooring maker roughly 8 points behind the market. When Mohawk reports third-quarter results after the close on October 29, the question is whether its company-driven momentum can absorb rising input costs and a seasonal comedown without help from a housing market that remains stuck near multi-decade lows.
Miami International Holdings heads into its third-quarter report with a split personality. The operating story has rarely looked better: record net revenue, steadily widening margins, a trimmed expense outlook and a live Bloomberg futures franchise. Yet the stock has lost nearly 30% since the last report, while the S&P 500 was essentially flat. That gap suggests the market has fixated on the two numbers management itself flagged as softening, options market share and revenue per contract, and this report should show whether that worry was overdone.
Merit Medical heads into its third-quarter report with something it has not had in years: momentum that management is openly excited about. Organic constant-currency growth hit 9% last quarter, the best showing in three years, after a sluggish 3.7% in the first quarter. The question now is whether that surge marks a durable new pace or a rebound quarter flattered by a snapback in the OEM business. Thursday's numbers, due after the close on October 29, should go a long way toward settling that debate.
Monolithic Power Systems enters its third-quarter report with an odd disconnect. Management has spent four straight calls raising its outlook for the enterprise data business, guided revenue far above where Wall Street had been, and sounded more confident than at any point in the past year. Yet the stock has fallen nearly 17% since the last report while the S&P 500 gained about 3%. The upcoming release is less about whether the company can grow and more about whether investors can trust that this growth is durable.
Few companies report a quarter in which the revenue line barely matters, but Strategy is one of them. Wall Street expects the bitcoin treasury company to swing from a loss of $24.45 a share last quarter to a profit of $21.50, a reversal of nearly $46 a share in three months. Revenue, meanwhile, is forecast to inch up just 1.3% from a year ago. That gap tells you almost everything about how to read this report. For a company whose balance sheet is built around bitcoin, reported earnings largely reflect what happened to the value of that position, so the headline number is more a verdict on the quarter's market than on any operating effort.
Minerals Technologies heads into its third-quarter report with a peculiar expectations gap. Three months ago management guided third-quarter earnings to $1.55 to $1.60 a share, already a step down from the prior quarter's range. The Street has gone further, settling on a consensus of $1.45. That figure is about 6.5% below the $1.55 earned a year ago and implies analysts doubt the company can hold even its trimmed outlook. Unless the consensus reflects a different earnings basis, the market is effectively pricing in a miss of management's own range before the numbers arrive after the close on October 29.
MasTec heads into its third-quarter report with an unusual mismatch between its fundamentals and its share price. Management raised full-year guidance for the third consecutive quarter in July and posted a record $21.4 billion backlog. The stock has since fallen 32.4%, while the S&P 500 gained 3.3%. Somewhere between those two facts sits the real question for October 29: is the communications stumble disclosed last quarter contained, or was it the first crack in a story the market had priced for perfection?
MVB Financial heads into its third-quarter report with a credibility question rather than a growth question. Last quarter's results were dressed up by a $10 million pre-tax gain on a fintech investment and roughly $2.3 million of non-recurring interest income from the payoff of its largest non-performing loan. Strip those out and the underlying story still looked good, with core margin expansion, faster loan growth and accelerating fintech fees. The upcoming release, due after the close on October 29, is the first chance to see what that engine produces without the one-time help, and in a quarter management itself warned would be seasonally softer.
Nexa Resources heads into its third-quarter report with a story that looks better on paper than it does on the stock chart. Last quarter management declared that the company's long-promised operational inflection had finally arrived, with mining output recovering, a fourth tailings filter running at Aripuana and a richer share of Cerro Lindo silver flowing to Nexa's own account. Yet the shares have fallen 12% since that report, trailing the S&P 500 by about 11 percentage points. The October 29 release, due after the close, is a chance to show that the second quarter's blemishes were one-time events rather than the start of a new problem.
NPK International heads into its third-quarter report with an odd disconnect. Management spent the last two calls sounding steadily more confident, lifting its full-year outlook, approving a major manufacturing expansion and describing a rental market tight enough to support price increases. The stock has gone the other way, falling 14.5% since the last report while the S&P 500 gained 4.5%. When results arrive after the close on October 29, the question is whether the operating story still justifies that confidence or whether the market has correctly sniffed out a slowdown.
Olin heads into its third-quarter report with an awkward split between story and stock. Last quarter, management unveiled a transformational merger with Huntsman, reported its best epoxy results in more than three years and sounded more confident about cost cuts than at any point in the past year. Since then, the shares have fallen 26% while the S&P 500 gained 3.3%, a gap of nearly 30 percentage points. The report due after the close on October 29 will show whether that selloff reflects something the operating numbers have yet to reveal, or a market that has simply stopped giving the company credit.
OneSpan heads into its third-quarter report with a credibility test on its hands. Last quarter, management raised every line of its full-year outlook for the first time in this cycle, reversing the guidance cut of a year earlier and launching the DigiPass One platform as its next growth engine. The market liked what it heard. But the same report showed annual recurring revenue growth slowing sharply and margins slipping as the company spends to build its go-to-market muscle. The upcoming results will help show whether the more confident tone rests on durable momentum or on a few favorable one-off items.
Pebblebrook Hotel Trust heads into its third-quarter report with an unusual gap between what management said and what it showed. On its last call the company raised nearly every full-year target and talked openly about a multi-year up cycle, yet it guided the third quarter to just 1% to 3% same-property RevPAR growth, a sharp step down from the 6.5% it had just delivered. July, meanwhile, was pacing up 7% to 8% late in the month. The October 29 release, due after the close, will show whether that quarterly guide was prudent sandbagging or an early warning that the recovery is losing steam.
PennyMac Financial Services heads into its third-quarter report with a credibility problem that its operating metrics have not yet been able to fix. Management has trimmed its return outlook twice in three quarters, most recently guiding to high-single-digit adjusted returns on equity for the second half of 2026 and pushing its mid-teens target out to the exit of 2027. Meanwhile, recapture rates, servicing efficiency and automation have all been moving in the right direction. Thursday's release after the close is the first quarter in which the company's promised $60 million in annualized cost savings is supposed to show up, which makes it a referendum on whether the self-help story can start offsetting a punishing rate backdrop.
Pinterest finally gave the bulls something concrete last quarter. After three calls spent explaining a monetization gap, retailer and tariff pressure and a sales overhaul that was still disrupting the business, the company reported that US and Canada revenue growth had jumped to 18% from 13% the quarter before and 9% the quarter before that. Management also lifted its full-year adjusted EBITDA margin target to roughly 30%. The report due after the close on October 29 is the first test of whether that inflection was a turning point or a single good quarter, and it arrives with headline growth that is set to slow on paper.
PennyMac Mortgage Investment Trust heads into its third-quarter report with a stock that has lost more than a quarter of its value since the last release, and with a simple question hanging over it: can the company's pivot from mortgage servicing rights into credit-sensitive private-label securities lift earnings back toward the $0.40 quarterly dividend, or has the market already concluded that it cannot? The quarter, due after the close on October 29, is the first to reflect both the planned sale of $13 billion in low-coupon agency MSRs and a full three months without conforming correspondent purchases. That makes it the cleanest early read on whether the strategy is working.
PTC Therapeutics heads into its third-quarter report with an odd disconnect. Management has raised its 2026 outlook three quarters in a row on the strength of its Suffiance launch in PKU, yet the stock has fallen 11.7% since the last report, trailing the S&P 500 by more than 15 percentage points. The results due after the close on October 29 need to show whether the market is wrong to doubt the growth story, or whether it is pricing in a plateau the company has not yet admitted to.
Roblox heads into its third-quarter report with an awkward contradiction. Management has told investors that bookings will shrink from a year ago for the first time in this cycle. Yet the stock has climbed more than 35% since that warning. Either the market believes the worst is already priced, or it is betting that the self-inflicted monetization slump is nearing a bottom. Thursday's release after the close will test which reading holds up.
Reddit heads into its third-quarter report with an unusual combination: a money machine that keeps outrunning forecasts, and a user story that has started to wobble. Last quarter delivered an eighth straight period of revenue growth above 60%, yet it also produced the company's first notable sequential drop in US daily users and a forward outlook that implied a clear slowdown. The question on October 29 is whether monetization can keep carrying the story while the audience side gets harder to read.
The RealReal heads into its third-quarter report with a striking disconnect. Management has raised its full-year outlook twice in a row, gross merchandise value has grown more than 20% for four straight quarters, and active buyers keep accelerating. Yet the stock has fallen 22% since the last report while the S&P 500 barely moved. When the luxury resale marketplace reports after the close on October 29, the question is whether the operating story can win back a market that seems to have stopped giving it credit.
Rivian enters its third-quarter report with a strange disconnect. Three months ago, management delivered the most constructive call in a long while: the R2 finally reached external customers, delivery guidance went up, capital spending came down and the projected EBITDA loss narrowed. Since then the stock has fallen 26.6%, trailing the S&P 500 by more than 30 percentage points. The report due after the close on October 29 has to show whether the market is overreacting to near-term margin pain, or whether that pain is turning out worse than management signaled.
ResMed heads into its fiscal first-quarter report with a stock that has already moved on. Shares have climbed nearly 19% since the last report while the S&P 500 barely budged, even though management used that call to reset expectations lower. The company issued its first formal outlook for fiscal 2027 at 5% to 7% core constant-currency growth, below the high-single-digit language it had repeated for years. It also warned that gross margin would dip slightly year over year this quarter. The market chose to look through the noise. This report will show whether that patience was justified.
Rimini Street finally broke a long losing streak on the top line last quarter, yet the stock has gone the other way. Shares have fallen about 13% since the company reported its return to growth, trailing the S&P 500 by roughly 17 percentage points. That disconnect sets up the third-quarter report, due after the close on October 29, as a test of whether the recovery is durable or whether the market was right to doubt it.
Republic Services enters its third-quarter report with something it has lacked for several years: a growth story that extends beyond pricing. Last quarter management lifted full-year targets, declared that its Environmental Solutions unit had turned the corner, and sounded noticeably more upbeat about industrial demand. The stock has rallied on that message. The October 29 report, due after the close, now has to show that the inflection was real and not a one-quarter bounce.
Ryan Specialty enters its third-quarter report with the kind of setup management practically circled on the calendar. On the last call, executives warned that this would be the hardest organic growth comparison of the year, lapping a year-ago quarter that delivered 15% organic growth, with the property book not expected to grow at all. The second quarter beat a deliberately low bar, but the stock has since slid, and this release will show whether that beat was a genuine stabilization or a well-timed pause in a longer deceleration.
Starbucks enters its fiscal fourth-quarter report with an awkward split between its operating story and its stock chart. Management has raised its full-year outlook twice in a row, U.S. comparable sales have accelerated for four straight quarters, and margins have swung from steep contraction to sharp expansion. Yet the shares have fallen about 7.6% since the last report while the S&P 500 gained 5%. The market is asking whether the September quarter can sustain that momentum after two temporary tailwinds fade and the company laps harder traffic comparisons.
SkyWest exited its last earnings call sounding like an airline on offense. It announced a new order for 11 E175s with American, lifted its block-hour growth outlook, raised capital spending and added $250 million to its buyback. One number did not move: management kept full-year earnings pinned near the $11 area. That gap between expanding ambitions and a static profit target is the tension heading into the third-quarter report after the close on October 29. The question is whether the growth story can finally show up in the bottom line or whether prorate fuel costs keep absorbing it.
Sandisk enters its fiscal first-quarter report with a problem most hardware companies would envy: management has beaten its own forecasts so decisively that the Street no longer treats the guidance range as the target. Last quarter the company guided to $30 to $33 in non-GAAP earnings per share and delivered $39.25. This time it guided to $44 to $46, and consensus of $46.23 already sits a hair above the top of that range. The Earnings Whisper of $49.13 goes further, implying investors expect a beat of roughly the size they have grown used to. The question is less whether Sandisk can hit its numbers than whether it can clear a bar set by its own track record.