Kinross Gold heads into its third-quarter report with a stock that has made a full round trip. Shares are essentially flat since the last earnings release, down 0.3% while the S&P 500 gained 4.1%, yet that unremarkable figure hides a lot of movement. The stock climbed as high as $33.48 before sliding back to about $23.65, close to its post-earnings low of $21.90. The report, due after the close on October 28, arrives as the market seems to be questioning whether last quarter's earnings power was a peak rather than a new baseline.
KLA heads into its September-quarter report with an awkward disconnect. Management spent the last call raising nearly every number it could find, lifting its 2026 wafer fab equipment forecast for the fourth time this year to the low-$150 billion range, guiding revenue sharply higher and describing its visibility in unusually confident terms. The stock has gone the other way, falling 6.3% since that report while the S&P 500 gained 3.6%. The October 28 release, due after the close, is the first real chance to show whether that optimism is turning into shipments or merely into a longer wish list.
For a mortgage REIT, the most important number is rarely earnings per share. It is book value, and at KKR Real Estate Finance Trust that figure has been sliding for a year. Book value per share fell from $13.78 to $10.24 over four quarters, including a 13.7% drop last quarter alone. Management told investors the worst of the damage is now behind them. The third-quarter report, due after the close on October 28, is the first real chance to check that claim. It also arrives with an independent board committee weighing strategic alternatives.
LSB Industries heads into its third-quarter report with a clean operational story and a messier pricing one. Last quarter, management finished two complex plant turnarounds on time and on budget, pushed El Dorado's ammonia output well above nameplate, and roughly doubled its earnings target for the carbon capture project. The catch is that ammonia and UAN prices have slid from their first-half highs. The report due after the close on October 28 should show which force carried the quarter: more tons, or cheaper tons.
Mid-America Apartment Communities enters its third-quarter report with a promise to keep and a skeptical market to win back. Last quarter, management made an unusual call: blended lease growth in the third quarter would beat the second, a pattern the Sunbelt apartment landlord had not delivered in the prior four years. Since then the stock has fallen 13.8% while the S&P 500 gained 4.1%, so the market is not giving that forecast much credit. This release will show whether the extended leasing season management described actually happened.
MediaAlpha heads into its third-quarter report with a puzzle that the market has not been kind to. Management left the last call sounding more confident than it has in a year, beating its own revenue range for a second straight quarter, lifting every line of its outlook and offering fresh proof that demand is spreading beyond its two biggest insurance carriers. Yet the stock has fallen about 16% since then, trailing the S&P 500 by roughly 20 percentage points. The October 28 release, due after the close, will show whether that skepticism was justified or premature.
Mechanics Bancorp spent its last report declaring the hard part over. The HomeStreet integration was substantially complete, the DUS business had been sold to Fifth Third, and capital was piling up fast enough to fund an unusually generous dividend plan. The market has not been convinced. Shares have fallen 11.5% since that report while the S&P 500 gained 3.6%, leaving the stock at $14.23, below its 200-day moving average of $15.23 and only about 1.5% above its post-earnings low of $14.02. When the bank reports after the close on October 28, the question is whether self-help can carry earnings while the core revenue engine stays stuck in neutral.
Three months ago, MiMedx finally gave shareholders something they had not heard in a while: good news about wound care. After two calls dominated by a pre-announced miss and then a severe reset, management described a business that had found its footing. Wound volumes were growing again, profitability had returned earlier than promised, and an accretive acquisition was on the table. The third-quarter report, due after the close on October 28, is the first real test of whether that turn was a trend or a single good month.
MGM Resorts heads into its third-quarter report with an odd mismatch. Management closed its last call sounding more confident than at any point in the past year, with Las Vegas finally growing again and every other segment posting records or near records. Yet the stock has fallen 38.1% since that report while the S&P 500 gained about 4%. At $28.47, shares sit just above their post-earnings low of $27.94 and roughly 28% below the 200-day moving average. The October 28 release, due after the close, has to show whether the operating story still holds or whether the market has spotted cracks that management has not yet acknowledged.
McGrath RentCorp heads into its third-quarter report carrying a promise that is about to be tested. Three months ago, management argued that a weak headline quarter hid an improving business, saying the slump in modular and EnviroPlex sales was a matter of project timing rather than lost demand. The calendar has now caught up with that argument. If those shipments land as scheduled, the second quarter will look like a pothole. If they slip again, the timing explanation starts to look more like a pattern.
Everspin Technologies heads into its third-quarter report with an odd disconnect. The memory specialist just posted record revenue, raised its outlook and widened its data-center ambitions, yet its shares have fallen nearly 14% since that report while the S&P 500 barely moved. That gap leaves the October 28 release, due after the close, with a clear job: show that the second-quarter jump was the start of a trend rather than a one-time lift from a lumpy defense contract.
Microsoft heads into its fiscal first-quarter report with something it rarely offers: a specific, aggressive number to hit. Last quarter management guided Azure to roughly 45% constant-currency growth, a sharp step up from the 39% it just delivered. That target caps a steady climb in guidance over the past year, and it is the reason the stock has rallied. If Azure lands at or above that mark, the AI story moves from promise to proof. If it falls short, the market will start asking whether the acceleration was real or just optimistic forecasting.
Three months ago, Meritage Homes made the case that the housing slump had stopped getting worse for it. Absorption pace was essentially flat from the first quarter to the second, adjusted gross margin ticked up, and management nudged its full-year outlook higher for the first time in a while. The market has not bought it. The stock has fallen about 25% since that report while the S&P 500 gained roughly 4%, leaving the third-quarter release, due after the close on October 28, as a referendum on whether the bottoming story was real or simply a pause before another leg down.
Murphy USA heads into its third-quarter report with an unusual setup. Management spent the last call raising its fuel-margin outlook and calling it conservative, yet Wall Street expects earnings to fall sharply from the prior quarter, and sentiment toward the stock has cooled noticeably. The October 28 release, due after the close, will show whether the supply-shock windfall that powered the second quarter is durable or was a one-quarter gift.
MYR Group heads into its third-quarter report with an unusual disconnect. The last call delivered record revenue, record margins, a record $3.16 billion backlog and a fourth consecutive lift to its growth outlook, yet the stock has dropped 16.8% since then while the S&P 500 gained 4.1%. The market is not arguing with the order book. It appears to be questioning the quality of the earnings behind it, and this quarter offers the first clean look at whether those doubts are warranted.
NeoGenomics heads into its third-quarter report with momentum, a rising stock and a problem that is partly self-inflicted. The quarter laps the peak of a high-volume, low-value contract the company chose to exit, which will flatter pricing metrics while weighing on test counts. Management has raised its full-year revenue outlook three times in a row, so the question is no longer whether the clinical business is healthy. It is whether the company can keep clearing a bar it keeps raising.
NewtekOne is asking shareholders to accept less money now in exchange for steadier money later, and the market has not been patient. Since the company said last quarter that it would hold more SBA 7(a) guaranteed loans on its balance sheet rather than sell them for upfront gains, the stock has fallen roughly 26% while the S&P 500 was essentially flat. The September-quarter report is the first full look at what that trade-off costs and whether the recurring income it is meant to build is arriving on schedule.
NN, Inc. heads into its third-quarter report with an unusual mismatch between narrative and stock price. Management spent the last call describing a company moving from turnaround to accelerating growth, then lifted its full-year sales outlook again afterward. Yet the shares have fallen about 16% since that report while the S&P 500 was essentially flat. The October 28 release, due after the close, is the first quarter in which the three marquee wins management touted in data center, defense and medical are supposed to begin showing up, which makes it a test of whether the story is arriving on schedule.
ServiceNow heads into its third-quarter report with a problem most software companies would happily take: it may have been too good last time. Subscription growth jumped to 23% in constant currency in the second quarter, the fastest pace in a year, and management's tone turned from defensive to openly combative about the company's place in an AI-driven world. The stock has rallied about 45% since then. But roughly half of that second-quarter beat came from federal on-premise deals pulled forward from the third quarter, so the report arriving after the close on October 28 must show that the acceleration was more than a calendar quirk.
Three months ago NWPX Infrastructure delivered the best quarter in its history, raised its free cash flow outlook for the second time in a row and talked openly about a historic year. The stock has since fallen 21.5%, trailing the S&P 500 by nearly 26 percentage points. That gap between the operating story and the share price is the setup for the third-quarter report due after the close on October 28. The question is whether the market is right to suspect that the record second quarter marked a high-water mark, or whether management's confidence was well placed.
Nextpower heads into its fiscal second-quarter report with an awkward split between what the business has been saying and what the stock has been doing. Management came out of its last call sounding more confident than at any point in the past year, having closed two acquisitions, lifted its revenue outlook and pushed backlog to a record. Yet the shares have fallen 23.1% since then, trailing the S&P 500 by roughly 26 percentage points. The report due after the close on October 28 is the first real chance to show whether that confidence can survive the margin pressure management itself warned was coming.
Origin Bancorp delivered its best quarter in more than four years last time out, and the market has responded with a shrug. That disconnect is what makes the third-quarter report, due after the close on October 28, worth close attention. Management called the Louisiana lender a fundamentally different company after its Optimize overhaul. Shareholders now need proof that the July quarter was a new baseline rather than a high-water mark.
Universal Display heads into its third-quarter report with a credibility problem rather than a demand collapse. Management has trimmed its full-year revenue outlook on each of the last three calls. It started at $650 million to $700 million, moved to $630 million to $670 million, and last quarter said results were tracking toward the low end of that reduced range. Each time, management promised that the second half would outpace the first. This report is the first real test of whether that promise holds, or whether a fourth step-down is coming.
O'Reilly Automotive enters its third-quarter report with an unusual setup: the operating story keeps improving, yet the stock has gone nowhere. Management has raised its full-year outlook twice in a row, the professional business has delivered four straight quarters of double-digit comparable growth, and summer heat gave the quarter a strong start in July. The catch is that the price increases that flattered 2025 sales are now being lapped. This is the first quarter where O'Reilly has to show that its growth runs on volume and share gains rather than inflation.
Pitney Bowes has raised its profit outlook three times in a row, yet the stock has slipped since the last report while the broader market climbed. That disconnect frames the third-quarter release due after the close on October 28. Management has built credibility on margins, cash flow and debt reduction. The open question is whether a newly flagged fuel and transportation squeeze in PreSort, paired with an admission that core revenue will not grow this half, has quietly capped how much further that story can run.
Provident Financial Services heads into its third-quarter report with an unusual disconnect. Three months ago, management delivered record net interest income, record fee income and record core pre-provision profit, then raised its growth and fee outlooks for the first time in a year. Since then, the stock has fallen 10.3% while the S&P 500 gained 4.1%. The October 28 release, due after the close, needs to show whether the market is right to worry about rising funding costs or whether it is underpricing a bank that just told investors business was accelerating.
Impinj enters its third-quarter report with something it has not had in a while: a clean story. After two quarters dominated by inventory corrections and a guidance miss, the RFID chipmaker posted records last quarter in revenue, gross margin, adjusted EBITDA, non-GAAP EPS and endpoint chip volumes. It then guided above normal seasonality. The question now is whether that inflection was a broad demand turn or a quarter flattered by one-time help from tariff pull-ins and partners restocking chips.
Plexus heads into its fiscal fourth-quarter report with an odd disconnect. Management has raised its full-year revenue growth outlook three times, from roughly 9% to 12% a year ago to more than 20% now, and delivered earnings at or above the top of guidance every quarter. Yet the stock has fallen 5.3% since the last report while the S&P 500 gained 4.1%. The market seems to be asking something the income statement alone cannot answer: when does all this growth start producing cash?
Chicken demand has rarely looked healthier, yet Pilgrim's Pride is heading into its third-quarter report with earnings expected to shrink by roughly two-thirds. That gap between resilient consumption and collapsing profitability is the story. Last quarter, management described firm demand across every region while an industry production surge flattened commodity prices. The question now is whether the supply overhang has started to ease or whether the company is still sliding deeper into a commodity trough.
Porch Group heads into its third-quarter report with an unusual mix of momentum and caution. Last quarter brought its cleanest results yet: a first positive net income, a third consecutive increase to its profit outlook and a Rule of 50 milestone. It also brought management's first admission that the homeowners insurance market has softened, with rivals cutting prices. The October 28 release, due after the close, is the first real look at whether Porch can keep growing policies and margins while competitors chase share.
Last quarter Patterson-UTI told investors the oilfield recovery had arrived faster and stronger than even its own raised forecasts. Since then the stock has climbed about 24%, beating the S&P 500 by roughly 20 percentage points. The third-quarter report, due after the close on October 28, is the first real test of whether management's confidence turns into the margin step-up it laid out, or whether the market has paid in advance for a recovery that is still partly a matter of promising customer conversations.
Q2 Holdings enters its third-quarter report with an unusual combination: a business that has done almost everything right for several quarters and a stock that has barely moved since it last said so. Management has raised its full-year outlook twice in a row, posted record margins, paid off its last convertible note and launched AI products that already have paying customers. Yet the shares are up less than 1% since the July report while the S&P 500 gained about 4%, and sentiment has turned more bearish. The question for October 28 is whether the operating story can keep outrunning a market that seems to be waiting for proof of what comes next.
Last quarter Quad finally showed investors what they had been waiting for: a year-over-year sales increase after a long string of declines. The catch was that the growth came mostly from paper, ink and fuel surcharges passed through to customers. That kind of revenue lifts the top line without doing much for profit. Adjusted EBITDA slipped and margin narrowed to 7.3% from 7.6%. Management also quietly stopped repeating its specific 2026 and 2028 margin targets. The third-quarter report, due after the close on October 28, has to show whether the revenue turn can produce better earnings quality rather than just bigger invoices.
Raymond James heads into its fiscal fourth-quarter report with an odd disconnect. Last quarter brought records almost everywhere, a sharp lift in asset management fee guidance and a noticeably more confident management team. The stock has gone the other way, falling 9.4% since that report while the S&P 500 gained 3.7%. When the company reports after the close on October 28, the question is whether the wealth-management engine can deliver enough visible earnings growth to close that gap.
Rush Street Interactive heads into its third-quarter report with a striking disconnect. Management raised its full-year revenue outlook meaningfully last time, yet the stock has lost more than a third of its value since then while the S&P 500 edged higher. When the company reports after the close on October 28, the question is not whether the business is growing. Wall Street already assumes it is, and briskly. The question is whether the profit line can show enough leverage to persuade a skeptical market that the growth is worth paying for.
Ryerson Holding heads into its third-quarter report with an unusual mismatch. Sentiment toward the metals processor and distributor has swung sharply positive since its last report, yet the stock has gone nowhere and trailed the broader market. Analysts, meanwhile, expect earnings to fall well short of the prior quarter's result. When the company reports after the close on October 28, the question is whether that more cautious earnings bar is set low enough for the business to clear, and whether results can finally give the stock a reason to match the improved mood.
Service Corporation International heads into its third-quarter report with an odd disconnect. Last quarter, management sounded more confident than it had all year, pointing to stabilizing funeral volumes, compounding pre-need sales and a fatter cash flow outlook. The stock has fallen about 10% since then while the S&P 500 gained roughly 4%. The October 28 release, due after the close, is the first real chance to show whether the improving story was real or just a good quarter of talking points.
Sprouts Farmers Market heads into its third-quarter report with a message that has grown harder to sell: the toughest comparisons are behind it, and same-store sales should drift back toward its long-term algorithm. The market has stopped taking that on faith. Shares have fallen 26.6% since the last report while the S&P 500 gained 4.1%, so this release is less about a penny of upside and more about whether the comp trend has finally turned.
Silicon Motion enters its third-quarter report with an awkward disconnect. The company has posted three straight record quarters, raised its outlook on nearly every important line, and told investors that full-year revenue should more than double. Yet the stock has fallen 16.4% since the last report while the S&P 500 gained 4.1%. Either the market doubts the durability of the enterprise and AI story, or it is pricing in the consumer softness management flagged. This report should help settle which view deserves more weight.
Sterling Infrastructure enters its third-quarter report with an odd disconnect. Management has raised its full-year outlook at every call this year, signed backlog has more than doubled from a year ago, and the company describes data center demand as the strongest it has seen. Yet the stock has fallen about 20% since the last report while the S&P 500 inched higher. The October 28 release, due after the close, has to show whether the operating story is still accelerating or whether the market has already sensed something the numbers have not yet revealed.
Three months ago Teladoc told investors that the cash-pay model underpinning BetterHelp was eroding faster than anyone had modeled. It cut its full-year revenue outlook by roughly 5% and declared its prior multiyear BetterHelp assumptions no longer representative. The third-quarter report, due after the close on October 28, is the first chance to see whether that reset was a one-time clearing of the decks or the start of a longer slide. The answer hinges on a race between a shrinking self-pay subscriber base and an insurance business that management says is growing as fast as provider capacity allows.
Tenable spent its last earnings call arguing that something fundamental had shifted in its business, and investors bought the argument wholesale. The shares have climbed nearly 40% since that report, while the S&P 500 gained about 4%. The awkward detail is that the revenue line still points the other way. When the cyber exposure specialist reports third-quarter results after the close on October 28, the real question is not whether it clears a modest bar. It is whether the demand management described is finally showing up in numbers that justify the rerating.
Hanover Insurance enters its third-quarter report with an awkward contrast. Management sounded more confident last quarter than at any point in the past year, yet Wall Street expects earnings to shrink sharply from a year ago. Consensus calls for $4.47 per share, down 12.2% from $5.09, on revenue of about $1.74 billion, up 4.5%. That is modest top-line growth paired with a meaningful profit decline. The likely explanation is caution about catastrophe losses and the absence of some favorable items that helped prior results, rather than any sign that the underlying business has weakened. The whisper number of $4.95 sits roughly 11% above consensus. That is not a rounding error. It suggests the more engaged part of the market believes the Street's estimate is too conservative and that clearing $4.47 alone may not be enough.
T-Mobile heads into its third-quarter report having told the market in advance that this would be an ugly quarter on one important measure. Management guided postpaid account net additions to only about 250,000, a sharp drop driven by a deliberate rate-plan modernization that it expected to push churn higher for a while, mostly among smaller-line accounts. The stock has since fallen 11.2% while the S&P 500 gained 3.7%. That raises a simple question for the October 28 release after the close: is the pain contained to what was flagged, or is it spreading into the metrics that drive earnings?
Univest Financial heads into its third-quarter report with a simple but demanding assignment: prove that last quarter's stumble was a one-off. The bank's lending and deposit franchise has been quietly strengthening, yet a $28.6 million commercial loan that slid onto non-accrual and a $5.2 million write-down on a Princeton office property turned a solid quarter into a messy one. The October 28 release, due after the close, will show whether those items were isolated blemishes or the start of a less comfortable credit chapter.
VICI Properties enters its third-quarter report with an unusual disconnect. Its operating business looks about as predictable as a real estate company gets, with management recently tightening its full-year outlook rather than cutting it. Yet the shares have dropped 13% since the last report while the S&P 500 gained about 4%, leaving the stock near $23, close to the bottom of its post-earnings range and well under its 200-day moving average of roughly $27. The quarter itself is unlikely to surprise. The real question is whether management can ease concerns about its two biggest tenants, MGM and Caesars, both of which are now openly in take-private processes.
Vista Energy heads into its third-quarter report with an unusual setup: the Street expects earnings to climb again even as revenue slips from the prior quarter. That tension says a lot about what this release needs to prove. The second quarter was a step-change, with the Equinor assets at Bandurria Sur and Bajada del Toro consolidating from May 1 and realized oil prices jumping to roughly $89 a barrel. The third quarter is the first full period with those barrels on the books, which makes it the cleanest test yet of whether the bigger, more profitable Vista that management described is durable or partly a product of a favorable price spike.
WEX heads into its third-quarter report with a problem that most companies would welcome. Management has raised its full-year outlook twice in a row, the balance sheet hit its leverage target early, and buybacks restarted ahead of schedule. The Street has responded by parking its estimates at the very top of the company's own guidance, which means a merely solid quarter may no longer be enough. The real question is whether WEX can keep lifting the bar, and how much of that lift comes from fuel prices rather than operating execution.
West Fraser enters its third-quarter report with something it has not had in a while: a recovery story. After a year in which consolidated adjusted EBITDA sank to a negative $144 million in the third quarter of 2025, the company clawed back to a reported positive $59 million last quarter, with lumber, engineered wood and Europe all contributing. The question now is whether that turn off the trough can absorb a fresh 50% tariff on some Canadian product, stubborn resin inflation and a housing market that still refuses to accelerate.
Cactus heads into its third-quarter report with an unusual setup: management has already told investors that earnings will come down from last quarter's peak, and the real question is whether the company's fastest-growing business can make that retreat look like a pause rather than a turn. The second quarter was the strongest in the company's recent history, with adjusted EPS of $0.93 and adjusted EBITDA margin expanding to 29.5%. But part of that strength came from Middle East backlog that shipped earlier than planned, and management flagged a payback in the current period.