Charged Alpha Stock Encyclopedia
Charged Alpha reviews earnings for each stock in the Russel 1000 every quarter. Each podcast gives thorough analysis, along with an in-depth profile in the beginning of the episode of the company, what they do, how they earn money and what to look for.
ALMU Stock: The $30M CHIPS Deal Has an Equity Price — Q4 FY2026
Aeluma, Inc. (ALMU) Q4 FY2026 — The saved preliminary after-hours trade was $11.10 at 19:58:09 EDT on September 16, down 17.35% from the $13.43 regular-session close. Aeluma has cash for development, but its conditional CHIPS proposal involves equity securities equal in value to the award. Commercial demand must still justify the higher spending and ownership claims. THE CALL: SELL (2/5, LOW) — base-case value ~$7.00 vs ~$11.10 today. KEY METRICS: - Q4 revenue $0.582M, down 55.81% YoY - Q4 GAAP net loss $4.013M; EPS −$0.22 - Q4 non-GAAP net loss $2.705M; adjusted EPS −$0.15 - June 30 cash $56.006M; September 11 basic shares 19.265671M - FY2026 computed free cash flow −$3.912M - CHIPS proposal up to $30M; c...
LEN Stock: Land-Light, Cash-Heavy — Q3 FY2026
Lennar Corporation (LEN) Q3 FY2026 — FMP dated after-hours trade $76.74 at September 16, 2026 23:59:38 UTC, −2.07% versus the $78.36 pre-release regular close. The regular-session −2.14% move preceded earnings. Lennar owns fewer lots and builds homes faster, but cash remains committed to inventory and land deposits. Q3 FY2026 shows why the land-light strategy still needs a cash-conversion recovery. THE CALL: HOLD (3/5, MODERATE) — base-case value ~$75.00 vs ~$76.74 today. KEY METRICS: - Q3 revenue $8.046B, down 8.7% year over year - GAAP EPS $1.19; company adjusted EPS $1.23 - Homebuilding cash $1.150B, down $2.291B since fiscal year-end - Owned inventory increased $1.614B; deposits increased $943.6M since FY2025 end - FY2026 delivery target 80,000–81,000 versus 82,000–83,000 previously ...
LAES Stock: The Cash Cushion Shrinks Per Share — H1 2026
SEALSQ Corp (LAES) H1 2026 — The September 15 intraday quote was $2.26; this is a dated snapshot, not a closing reaction. SEALSQ more than doubled first-half revenue, but operating losses and free-cash burn widened. The cash cushion also looks different when F-share economic rights and the complete share count are included. THE CALL: SELL (3/5, MODERATE) — base-case value ~$1.65 vs ~$2.26 today. KEY METRICS: - H1 revenue $11.151M, up 131.1% YoY - Gross profit $5.408M; gross margin 48.5% - Operating loss $32.162M; consolidated net loss $27.789M - OCF −$23.731M; FCF −$25.249M - Net liquid assets $481.033M before burn/commitments - Model economic shares 231.140922M; net liquid assets/share $2.08 - Mean f...
FPS Stock: Record Orders, but Who Funds the Cash Ramp? — Q4 FY2026
Forgent Power Solutions, Inc. (FPS) Q4 FY2026 — Verified Sep15 07:25:17 CDT early trade $30.6661, +7.07% versus Sep14 close $28.64; regular session and 10:00 CDT results call were pending at the source cutoff. Forgent has record orders and real operating growth. Customer advances fund much of the cash ramp, while the Up-C ownership and tax bridge determine how much value belongs to each economic share. THE CALL: HOLD (3/5, MODERATE) — base-case value ~$29.00 vs ~$30.67 today. KEY METRICS: - Q4 revenue $461.7M, +94.3% YoY - Q4 GAAP EPS $0.21; adjusted EPS $0.25 - Q4 operating cash $73.901M; customer-advance inflow $130.345M - FY2026 computed FCF −$6.824M after all equipment purchases - FY2027 company revenu...
BNTC Stock: $180 Million Cash, But What Does Each Share Own? — FY2026
Benitec Biopharma Inc. (BNTC) FY2026 — Reference quote $12.08 at September 14 close; no clean post-release reaction quote captured. Benitec has $180 million cash, but prefunded warrants change what each share owns. Equity compensation and uncertain clinical economics drive the valuation. THE CALL: SELL (3/5, MODERATE) — September 2027 twelve-month target ~$6.62 vs ~$12.08 at the September 14, 2026 release-boundary close. KEY METRICS: - FY2026 net loss $45.546M; operating expense $51.192M - Cash equivalents $179.972M at June 30 - SBC $26.410M; OCF cash use $16.518M - Economic shares 49.487M including prefunded warrants; computed cash/share $3.64 - 12-month target $6.62; probability-weighted scenario value $7.702; Very High uncertainty What to watch: Clear pivotal requirements, durable follow-up, a re...
HITI Stock: Germany Scales, but Where Is the Cash? — Q3 FY2026
High Tide Inc. (HITI) Q3 FY2026 — Reference price US$2.63 at the September 14 regular close; no completed post-release reaction is claimed. Germany is lifting High Tide’s operating earnings, but derivative gains dominate its reported profit. Follow the ownership, reinvestment and financing bridge to see how much becomes shareholder cash. THE CALL: HOLD (3/5, MODERATE) — base-case value ~$2.60 vs ~$2.63 today. KEY METRICS: - Revenue C$198.818M, +32.82% YoY - Operating income C$8.710M, +132.95% YoY - Reported net income C$12.748M includes net C$10.502M fair-value benefit - Company adjusted net income C$2.246M; consolidated - Company FCF C$7.017M; all-capex after-lease cash proxy C$5.611M - Ba...
ABAT Stock: Can Customers Still Place Orders? — FY2026
American Battery Technology Company (ABAT) FY2026 — September 11 close $2.47 precedes the September 14 audited annual filing. August 20 Q4 figures were preliminary; no completed post-filing session is attributed here. Can a recycling company grow if its customers cannot buy? ABAT’s audited FY2026 report shows better factory economics, substantial stock compensation and a new customer-access constraint. We trace sales and financing through to common-share value. THE CALL: SELL (3/5, MEDIUM) — base-case value ~$1.25 vs ~$2.47 today. KEY METRICS: - Audited FY2026 revenue $21.742M, up 406.8%; net loss $73.379M - Derived Q4 revenue $8.233M and gross profit $1.289M; annual less nine months - Annual stock compensation $46.481M, 214% of revenu...
IMPP Stock: Who Owns the Cash Windfall? — Q2 2026
Imperial Petroleum Inc. (IMPP) Q2 2026 — September 11 regular close $5.79. Company release September 10; SEC acceptance September 11. June financials and August shares are labeled separately. Imperial Petroleum earned more, but who owns the cash windfall? We trace liquidity through vessel commitments, preferred priority and warrants to common-share value. THE CALL: HOLD (2/5, LOW) — base-case value ~$7.00 vs ~$5.79 today. KEY METRICS: - Q2 revenue $87.073M, up 139.5%; operating profit $33.398M - Q2 net income $34.759M; basic / diluted EPS $0.75 / $0.70 - June cash + deposits $245.231M; related-party payable $35.152M - August common shares 45.621M imply $264.148M market value at $5.79 - Series A priority $19.897M; F/G warrant strike $6.30 - Analyst rout...
USAU Stock: Who Pays to Build CK Gold? — Q1 FY2027
U.S. Gold Corp. (USAU) Q1 FY2027 — September 11 regular close $15.20, +0.86% from $15.07. The daily move includes trading before and after the filing; it is not an isolated filing reaction. A permitted mine still needs someone to pay for it. We follow U.S. Gold’s Q1 FY2027 loss, cash use, CK Gold financing requirements and potential dilution from project NPV to common-share value. THE CALL: HOLD (2/5, LOW) — base-case value ~$14.00 vs ~$15.20 today. KEY METRICS: - No revenue; quarterly net loss $4.601M versus $2.077M - Operating cash use $3.541M, up 6.8%; prior warrant gain complicates loss comparison - July cash $27.115M versus $422.386M detailed initia...
FIZZ Stock: Pricing Held Sales. Can Profit Recover? — Q1 FY2027
National Beverage Corp. (FIZZ) Q1 FY2027 — September 10 regular close: $30.91, before the filing. No verified executed post-print reaction price. Pricing holds sales as case volume falls and aluminum squeezes profit. We test the recovery against cash quality, concentrated control and three valuation routes. THE CALL: HOLD (3/5, MODERATE) — base-case value ~$28.50 vs ~$30.91 today. KEY METRICS: - Revenue $330.662M; price/case +7.1%, volume −6.4% - Gross margin 35.0% vs 38.0%; aluminum estimated 600bps pressure within net 300bps decline - Operating profit $58.480M; net income $47.004M; diluted EPS $0.50 - CFO $64.850M and FCF $61.779M include working-capital and tax timing - Cash $107.098M; no funded borrowing; 94M gross share modeling assump...
UNFI Stock: Profit Recovered. Why Is the Cash Guide Lower? — Q4 FY2026
United Natural Foods, Inc. (UNFI) Q4 FY2026 — September 10 close $44.11: +0.4% from the pre-print close after an initial +2.3% release-day gain. Operating profit recovered, but next year’s cash-flow midpoint is lower. We test distribution efficiency, recurring adjustments, investment and shareholder claims. THE CALL: HOLD (2/5, LOW) — base-case value ~$49 vs ~$44.11 today. KEY METRICS: - Q4 revenue $7.642B; GAAP operating profit $69M; net income $35M; diluted EPS $0.57 - Adjusted EBITDA $172M; adjusted EPS $0.69; cyber benefit removed $3M Q4 / $21M FY - FY2026 FCF $323M; FY2027 guide $275–325M; capital/cloud plan about $300M - Net debt $1.539B includes finance leases; operating leases $1.459B disclosed separately - Model sh...
DBI Stock: Who Keeps the Tariff Windfall? — Q2 FY2026
Designer Brands Inc. (DBI) Q2 FY2026 — DBI closed at $5.99 on September 10, up 14.75% that day; exact release clock and causal attribution not independently established. Designer Brands has a genuine operating recovery and a complicated tariff windfall. We reconcile the Investor financing, retained refund inside adjusted profit, Topo minority rights, finance leases and potential awards to value the common residual. THE CALL: SELL (3/5, MODERATE) — base-case value ~$3.50 vs ~$5.99 today. KEY METRICS: - Revenue $730.631M, −1.2%; Retail comps −2.6% - Gross margin 50.0% reported / 47.9% issuer adjusted / 45.14% fully ex-refund - Full COGS recovery $35.536M; issuer removes only $15.336M, retaining $20.200M - Full ex-refund Q2 EBIT $19.187M vs restated prior $2...
LOVE Stock: The Refund Made the Profit. Can Retail Make the Cash? — Q2 FY2027
The Lovesac Company (LOVE) Q2 FY2027 — September 10 reference: $14.26, down 11.04%. Exact release time and causal attribution unverified. A $21M tariff refund lifted profit while underlying margin fell. We value the recurring business after holiday funding, reinvestment and potential share claims. THE CALL: HOLD (3/5, MODERATE) — base-case value ~$14.50 vs ~$14.26 today. KEY METRICS: - Q2 revenue $161.245M, +0.45% YoY; comparable sales −1.9% - Q2 GAAP net income $7.429M / EPS $0.51; refund EPS benefit $0.86 rounded - Q2 underlying gross margin 56.0%, down 40bp; adjusted EBITDA −$1.252M - Exact COGS refund adjustment $20.024M; interest already removed before EBITDA, no second deduction - H1 CFO −$11.429M; capex $11.592M; FCF −$23.021M; additional patents $0.6...
LPTH Stock: Backlog Tripled. Shareholders Funded the Cash. — Q4 FY2026
LightPath Technologies, Inc. (LPTH) Q4 FY2026 — LPTH reference quote: $9.68 on September 10. The exact release hour is not independently established, so this quote and the vendor day change are not presented as a post-earnings reaction. LightPath finishes FY2026 with $110.9M backlog and $93.2M cash. Our Q4 analysis follows acquisition-driven revenue through manufacturing margins, earnout obligations, negative free cash flow and dilution to test the value reaching a common share. THE CALL: SELL (3/5, MODERATE) — base-case value ~$5.00 vs ~$9.68 today. KEY METRICS: - Q4 revenue $21.162M, up 73.32% YoY and 10.51% QoQ; gross margin 39.44% - Q4 GAAP operating loss $4.299M; net loss $4.141M; EPS -$0.06 - Q4 a...
ORCL Stock: Who Funds Oracle’s $23 Billion Cash Quarter? — Q1 FY2027
Oracle Corporation (ORCL) Q1 FY2027 — ORCL closed September 10 at $153.17. The saved after-market trade is $160.97 at 21:57:20 UTC, up 5.09% from that close. This is an early post-print observation, not a completed next-session reaction. Oracle reports $23.103B operating cash, including $11.363B customer prepayments with a significant financing component. Our Q1 FY2027 analysis follows strong cloud growth through gross capital investment, funding claims, preferred conversion and the cash common owners ultimately retain. THE CALL: SELL (3/5, MODERATE) — base-case value ~$130.00 vs ~$160.97 today. KEY METRICS: - Q1 revenue $19.345B, up 29.61%; infrastructure revenue $7.388B, up 120.74% - Adjusted EPS $1.92 versus saved $1.74 estimate; GAAP EPS $1.56 - GAAP operating income $6.728B; adju...
ADBE Stock: One Billion Users, What Reaches Owners? — Q3 FY2026
Adobe Inc. (ADBE) Q3 FY2026 — ADBE closed the regular September 10 session at $248.83. The saved after-market trade is $244.20 at 20:33:38 UTC, down 1.86% from that close; a full next-session reaction is pending. Adobe reports one billion monthly active users across creativity and productivity offerings. Our Q3 FY2026 analysis asks how that reach becomes owner value: paid AI conversion, comparable-currency recurring revenue, operating margins, employee compensation and disciplined repurchases. THE CALL: HOLD (3/5, MODERATE) — base-case value ~$300.00 vs ~$244.20 today. KEY METRICS: - Q3 revenue $6.760B, up 12.89%; adjusted EPS $6.13 versus $6.08 saved vendor estimate - GAAP operating profit $2.354B, up 8.33%; adjusted operating profit $2.974B, up 7.25% - GAAP operating marg...
CPRT Stock: More Free Cash, Less Operating Cash — Q4 FY2026
Copart, Inc. (CPRT) Q4 FY2026 — CPRT traded at $33.6103 in the September 10 after-hours snapshot saved at 20:34:35 UTC, 9.3% above the $30.75 regular close. This is a thin-session snapshot, not a completed next-day return. Annual free cash flow improved by $36.4M, but operating cash fell $195.3M. Lower capital spending supplied the difference. We follow Copart’s service fees, geographic profit, buybacks and cash bridge to test whether the auction network’s recovery supports the after-hours price. THE CALL: SELL (3/5, MODERATE) — base-case value ~$29.00 vs ~$33.6103 today. KEY METRICS: - Q4 revenue $1,152.439M, up 2.4%; service revenue up 1.4% - Q4 GAAP operating profit $368.904M, down 10.6%; operating margin 32.0% - Q4 GAAP...
SIG Stock: Profit Up Beyond the Jewelry Counter — Q2 FY2027
Signet Jewelers Limited (SIG) Q2 FY2027 — SIG rose 23.96% to $102.48 on September 9. The saved September 10 intraday quote is $98.11, down 4.26% from that close. Signet raised its annual adjusted operating-profit midpoint by $50M while leaving sales guidance unchanged. Tariff refunds and a renewed credit partnership help explain the improvement. Our analysis separates those benefits from cost progress, seasonal cash flow and share repurchases. THE CALL: HOLD (3/5, MODERATE) — base-case value ~$105.00 vs ~$98.11 today. KEY METRICS: - Q2 revenue $1,528.1M, down 0.5%; adjusted EPS $2.19 versus $1.69 vendor estimate - Adjusted operating income $107.2M; GAAP operating income $87.5M - Quarter tariff refund $15M; computed ex-refund adjusted operating income $92.2M, up 8...
FLWS Stock: A $7M Refund, Almost No Earnings Cushion — Q4 FY2026
1-800-FLOWERS.COM (FLWS) Q4 FY2026 — FLWS traded at $2.955 in the September 10 intraday snapshot, down 15.33% from the September 9 close of $3.49. The snapshot is not a closing price. A roughly $7M tariff refund helped gross profit, yet full-year adjusted EBITDA was only $2.9M. Inventory reductions supported operating cash, free cash flow remained negative, and management is evaluating debt, equity and asset sales. We follow the brands, central costs and financing terms to see what can reach existing shareholders. THE CALL: SELL (3/5, MODERATE) — base-case value ~$2.00 vs ~$2.955 today. KEY METRICS: - Q4 revenue $293.118M vs $336.622M, down 12.9% year over year - Q4 GAAP dilu...
CHWY Stock: Profit Rose, Free Cash Fell — Q2 FY2026
Chewy (CHWY) Q2 FY2026 — CHWY closed at $20.75 on September 9, down 10.83% from the prior close despite raised full-year guidance. Chewy increased operating profit and raised its outlook, but quarterly free cash flow fell. The new $600M term loan nearly offsets cash and securities, while recurring stock compensation creates a large claim between adjusted profit and owner cash. THE CALL: HOLD (3/5, MODERATE) — base-case value ~$18.00 vs ~$20.75 today. KEY METRICS: - Revenue $3,330.2M, up 7.3%; growth excluding SmartPak and Modern Animal 5.7% - Operating income $92.0M vs $69.7M; gross margin 30.4% - Adjusted EBITDA $226.7M, up 23.7%; adjusted diluted EPS $0.36 - Q2 free cash flow $89.5M vs $105.9M, down...
SAIL Stock: AI Demand Grows, but Cash Flow Falls 19% — Q2 FY2027
SailPoint, Inc. (SAIL) Q2 FY2027 — SAIL closed September 9 at $17.58, down 1.18% from $17.79. SailPoint grew ARR 25% and SaaS ARR 36%, but quarterly free cash flow fell 18.6%. We follow commission investment, stock compensation and the diluted share count to test what reaches common owners. THE CALL: HOLD (3/5, MODERATE) — base-case value ~$16.50 vs ~$17.58 today. KEY METRICS: - Revenue $308.813M, up 16.8% YoY - ARR $1.231B, up 25%; SaaS ARR $847M, up 36% - Adjusted operating income $62.787M; GAAP operating loss $58.958M - Quarter FCF $37.409M, down 18.6% YoY - Operating equity compensation $68.321M; commission cash outflow $47.627M - Fair value $16.50, range $15.50–$17.50, probability-weighted value $16.35 What to watch: Reassess near $13.20 with the thesis...
AVAV Stock: The Factory Bill Behind a $1.5B Backlog — Q1 FY2027
AeroVironment (AVAV) Q1 FY2027 — Fixed valuation price: $140.80, September 9 regular close before results. The regular-session decline preceded the release. Later indicative quotes were bid $144.02 / ask $144.29 at 6:13:55 p.m. Eastern; these are quotes, not a verified trade or next-session return. Funded orders are not cash already collected. Hudson and Lana examine the Autonomous Systems growth, SCDE loss and factory investment bill behind AeroVironment’s Q1 FY2027 results. THE CALL: SELL (3/5, MODERATE; HIGH UNCERTAINTY) — base-case value ~$105 vs ~$140.80 today. KEY METRICS: - Revenue $480.490M (+5.7% YoY); adjusted EBITDA $53.389M (−5.6%). - AxS revenue $345.969M; adjusted EBITDA $62.285M. SCDE revenue $134.521M; EBITDA −$8.896M. - GAAP diluted EPS −$0.10; adjusted EPS...
ASO Stock: What Is Behind the Tariff Cash Boost? — Q2 FY2026
Academy Sports and Outdoors (ASO) Q2 FY2026 — At the fixed September 9, 2026 intraday snapshot, ASO traded at $49.99, up 11.8% from its September 8 close of $44.71. This is an intraday observation, not the final closing earnings reaction. Earnings rose, but the tariff cash needs a closer look. Hudson and Lana separate profit growth from buyback arithmetic, trace the financing remittance outside operating cash flow, and test what Academy Sports and Outdoors is worth after the rally. THE CALL: HOLD (3/5, MODERATE; HIGH UNCERTAINTY) — base-case value ~$50 vs ~$49.99 today. KEY METRICS: - Revenue $1.647B (+3.0% YoY); comparable sales −0.4%. - GAAP diluted EPS $2.17 (+17.3%); net income $137.897M (+9.9%); diluted shares −6.1%. - Adjusted...
CASY Stock: A 15% Drop Still Leaves a Premium — Q1 FY2027
Casey's General Stores (CASY) Q1 FY2027 — At 10:48:09 a.m. ET on September 9, 2026, CASY traded at $620.50, down 15.4% from its September 8 close. This is a fixed intraday snapshot, not the closing earnings reaction. Profit jumped, but the cash left after capital spending fell 27.7%. Hudson and Lana test whether high fuel margins, slower inside-store growth and heavier reinvestment justify a premium price after the selloff. THE CALL: HOLD (3/5, MODERATE; HIGH UNCERTAINTY) — base-case value ~$530 vs ~$620.50 today. KEY METRICS: - Revenue $5.678B (+24.3% YoY); diluted EPS $7.37 (+27.7%). - EPS beat the dated FMP estimate of $6.78 by 8.7%; revenue beat 2.1%. - Inside same-store sales +3.2% vs +4.3%; combined inside margin 42.2%. - Fuel...
CIEN Stock: A $2.9B Zero-Coupon Bond Funded This Margin Tripling — Q3 FY2026
Ciena Corporation (CIEN) Q3 FY2026 — The stock fell 10.36% the reaction session, from $354.16 to $317.46, despite beating on both revenue and earnings. Ciena just raised nearly three billion dollars at a zero percent coupon and poured almost all of it into paying off debt and buying stock protection, in the same quarter its operating margin nearly tripled. THE CALL: BUY (3/5, MODERATE) — base-case value ~$345.00 vs ~$317.46 today. KEY METRICS: - Revenue $1,671.1M, up 37.0% YoY (vs $1,219.4M) - GAAP diluted EPS $1.83 vs $0.35 PY - Non-GAAP diluted EPS $2.11 vs $0.67 PY, up 215% - GAAP operating margin 18.0% vs 6.1% PY; non-GAAP operating margin 22.5% vs 10.7% PY - Raised $2.875B of 0.00%-cou...
HPE Stock: Margin Doubled, Stock Sold Off, Then Reversed 5% — Q3 FY2026
Hewlett Packard Enterprise (HPE) Q3 FY2026 — The stock opened down nearly 7% intraday, then reversed to close up 5.04% the same session. Cloud & AI segment operating margin more than doubled year over year, from 7.0% to 17.0%, while the stock nearly sold the news before reversing hard into the close. THE CALL: HOLD (3/5, MODERATE) — base-case value ~$55.00 vs ~$52.00 today. KEY METRICS: - Revenue $12,213M, up 33.66% YoY (vs $9,136M) - GAAP diluted EPS $1.06 vs $0.21 PY - Non-GAAP diluted EPS $1.11 vs $0.44 PY, beat $0.93 consensus - Cloud & AI segment operating margin 17.0% vs 7.0% PY - Networking revenue +74.9% YoY; Routing +270.0% - FY26 non-GAAP EPS guide raised to $3.75-$3.85 (was ~$3.43 consensus) - Fr...
NTAP Stock: NetApp Q1 FY2027 Earnings - The 30% Growth Rate Isn’t Real
NetApp (NTAP) Q1 FY2027 — Since the print the shares are up less than 3% - the tape had already run 42% above its 200-day average coming in. NetApp's headline 29.9% revenue growth includes a 14th fiscal week (FY2027 is a 53-week year) plus price increases pushed through in a memory shortage. Divide by weeks worked instead and growth is 20.6%. Free cash flow fell 35% to $401M while net income rose 61% over the same three months, as inventory rose 89% to $375M and turns fell from 14x to 6x. THE CALL: HOLD (3/5, MODERATE) — base-case value ~$162 vs ~$185 today. KEY METRICS: - Revenue $2.025B vs $1.559B a year ago...
Baozun (BZUN): The Market Prices Its Business at Less Than Zero
Baozun Inc. (BZUN) Q2 2026 — Revenue RMB2.74B / $404.3M (+7.5% YoY). Non-GAAP operating income up 11x. GAAP EPS RMB0.29 vs non-GAAP RMB0.42. The ADS rose ~7.09% on the print, then gave back most of it, closing most recently at $2.87. Baozun just swung to an operating profit, non-GAAP operating income up 11x, and raised its long-term profit target ~30%. Yet it trades below its own net cash: ~$231M vs a ~$167M market cap, a negative enterprise value. THE CALL: BUY (3/5, PRICED BELOW ITS OWN NET CASH) — base-case value ~$5.0 vs ~$2.87 today. KEY METRICS: - Revenue RMB2.74B / $404.3M, +7.5% YoY (corrected from a typo in the company's own...
BBY Stock: NEUTRAL Call — The Beat Was A Tariff Refund, Q2 FY2027
Best Buy Co., Inc. (BBY) Q2 FY2027 — The stock fell 4.4% on the print even though it beat and raised guidance — and every analyst who covered it raised their price target anyway. Best Buy beat its adjusted EPS bar and raised full-year guidance, but a $34 million Supreme Court tariff refund accounts for most of the earnings beat and the margin expansion — strip it out and the quarter missed. THE CALL: NEUTRAL (3/5, MODERATE) — base-case value ~$90 vs ~$90.27 today. KEY METRICS: - Revenue $9,779M, +3.6% YoY, ~$185M above consensus - Comparable sales +4.1% enterprise, +4.5% Domestic - Adjusted diluted EPS $1.47 vs a $1.39 bar (+15% YoY); GAAP diluted EPS $1.48 (+70% YoY) - $...
MTRX Stock: Matrix Service Q4 FY2026 Earnings -- Profitable Again, Book-to-Bill Just 0.7x
Matrix Service Company (MTRX) Q4 FY2026 — Shares fell about 2.9% in the session after the print, from $10.86 to $10.55. Matrix Service posted its second straight profitable quarter, grew revenue 13%, and carries zero debt -- but company-wide book-to-bill was just 0.7x, and the stock fell anyway. THE CALL: BUY (3/5, MODERATE) — base-case value ~$12.50 vs ~$10.55 today. KEY METRICS: - Q4 revenue $244.5M, +13% y/y, highest quarterly revenue in six years - Q4 net income $1.142M, $0.04 diluted EPS (vs. $(11.272)M loss a year ago) - Adjusted net income $4.6M, $0.16 adjusted diluted EPS; adjusted EBITDA $6.3M - FY2026 revenue $873.6M; FY2026 GAAP diluted EPS $(0.09); adjusted EPS $0.26 - Tota...
MTRX Stock: Matrix Service Q4 FY2026 Earnings -- Profitable Again, Book-to-Bill Just 0.7x
Matrix Service Company (MTRX) Q4 FY2026 — Shares fell about 2.9% in the session after the print, from $10.86 to $10.55. Matrix Service posted its second straight profitable quarter, grew revenue 13%, and carries zero debt -- but company-wide book-to-bill was just 0.7x, and the stock fell anyway. THE CALL: BUY (3/5, MODERATE) — base-case value ~$12.50 vs ~$10.55 today. KEY METRICS: - Q4 revenue $244.5M, +13% y/y, highest quarterly revenue in six years - Q4 net income $1.142M, $0.04 diluted EPS (vs. $(11.272)M loss a year ago) - Adjusted net income $4.6M, $0.16 adjusted diluted EPS; adjusted EBITDA $6.3M - FY2026 revenue $873.6M; FY2026 GAAP diluted EPS $(0.09); adjusted EPS $0.26 - Tota...
American Outdoor Brands (AOUT) Jumped 44.66% — But Organic Growth Was Only 4.3%
American Outdoor Brands, Inc. (AOUT) Q1 FY2027 — Net sales $37.254M (+25.4% headline, but +4.3% organic once a $6.0M prior-year order pull-forward is backed out). Gross margin 53.0% vs 46.7% (+630 bps). GAAP net loss narrowed to $(1.528)M from $(6.829)M. Non-GAAP swung to net income of $415K from a $(3.305)M loss. Adjusted EBITDA swung to $1.159M from $(3.116)M. FY2027 Adjusted EBITDA guidance RAISED to $14.5M-$17.5M. And the stock jumped 44.66% the next session, from $10.01 to $14.48. American Outdoor Brands posted a beat-and-raise quarter and the stock went up 44.66% in one session on nearly 100 times normal volume. But the headline 25.4% sales growth hides a catch straight from the co...
GASS Stock: StealthGas Trades At Half Its Own Book Value (Q2 2026)
StealthGas (GASS) Q2 2026 — Shares closed down 1.7% to $9.33 the session the print landed. StealthGas's own vessels, at their own depreciated book value, are worth almost three times what the stock market pays for the entire company once you back out its cash. At $9.33 a share the company carries $19.55 of book value, zero bank debt, and $168.3 million of cash and short-term investments. The Q2 print adds another $17.3 million of profit to a balance sheet the market still will not touch, even as the fleet keeps shrinking. THE CALL: BULLISH (2/5, LOW-MODERATE) — base-case value ~$10.90 vs ~$9.33 today. KEY METRICS: - Revenue $42.9M, -9.1% YoY, flat QoQ...
REX Stock Q2 2026: REX American Resources Earnings - Record EPS, Zero Extra Gallons Sold
REX American Resources Corporation (REX) Fiscal Q2 2026 — Fiscal Q2 2026 (13 weeks ended July 31; the 8-K hit EDGAR at 09:44 ET on Wednesday September 2, a before-the-open print, so September 2 is the reaction session): diluted EPS $1.06 vs $0.22 a year ago, gross profit $53.3 million vs $14.3 million. The stock opened $39.99, a 4.76 pct gap down from the $41.99 prior close, then reversed intraday to close $42.80, up 1.93 pct on the session. REX American Resources just posted the best earnings per share in its history and sold exactly as much ethanol as it did a year ago - 70.6 million gallons both quarters, not one gallon more. Nearly half of the $39.0 mi...
SWBI Stock: The 32% Quarter Its Own Guidance Says Will Not Repeat | Q1 FY2027
Smith & Wesson Brands, Inc. (SWBI) Q1 FY2027 — It trades near $13.98 since the print, up about 13.9% from the $12.27 close the session before - though still roughly 16% below the $16.67 high it set in June. Smith & Wesson grew net sales 32.3% to $112.6 million and swung from an $0.08 loss to $0.06 of earnings, beating a Street that had modelled a loss. But the entire gross-margin expansion was a $2.9 million non-recurring tariff refund - ex-refund, margin went from 25.9% to 26.1%, twenty basis points on a third more revenue. Handgun units shipped into the sporting-goods channel rose 16.7% while end demand, measured by adjusted background checks, rose 4.7%. Inventory rose $24.4 million. An...
DOCU Stock: The Tax Bill That Ate The Quarter | Docusign Q2 FY2027
Docusign (DOCU) Q2 FY2027 — It has added about 1.3% since the print, from a $65.97 close to roughly $66.80 in extended-hours trade. Operating income rose $52.4M year on year to $117.6M - a 13.4% GAAP margin against 8.1%, the best operating quarter Docusign has reported. Net income rose only $14.7M. Interest income fell $4.1M because the cash that earned it has gone into buybacks, and the tax provision rose $33.8M, from $13.5M to $47.3M - a 17.6% effective rate to 37.8%. Four fifths of that provision is non-cash: the cash-flow statement adds back $37.8M of deferred tax, and the non-current deferred tax asset falls $835.2M to $764.3M ov...
GWRE Stock: Guidewire Q4 FY2026 Earnings — A Beat, Then a 15% Drop
Guidewire (GWRE) Q4 FY2026 — Shares finished at $202.86 the session the print landed after, and have traded near $171.14 since — down about 15.6%. Guidewire beat on both lines and closed its best fiscal year ever — revenue up 22.7%, GAAP operating income up from $41M to $150M, subscription gross margin from 68% to 74% — and then guided fiscal 2027 to about 102 basis points of adjusted margin expansion against the 572 it just delivered, on 16% growth instead of 23%. THE CALL: BEARISH (2/5, LOW-MODERATE) — base-case value ~$138.38 vs ~$171.14 today. KEY METRICS: - Q4 revenue $411.1M, +15.3% YoY; FY2026 revenue $1,475.4M, +22.7% - Q4 subscription & support $266.7M, +32.1%, gross margin 74.0% vs 68.0% - Q4 license revenue $77.1M, -17.7% YoY, at a...
EGAN Stock: Up 3%, And Four Sequential Declines | eGain Q4 FY2026
eGain Corporation (EGAN) Q4 FY2026 — It traded down roughly 24% after the print, from a $7.11 close to about $5.43 in extended hours - through its 12-month closing low of $6.11. eGain's release is headlined "Total Revenue Up 3%". Inside that year, revenue fell sequentially in all four quarters - $23.51M, $22.98M, $22.50M, $22.15M - and the September-quarter guide midpoint of $21.15M makes it five. Management then guided fiscal 2027 revenue to $84.5-86.0M, BELOW the year just reported, with adjusted EBITDA of $0.65-1.4M against $13.6M delivered and a GAAP net loss. Subtract the Q1 guide from the full-year guide and the remaining nine months ar...
ASAN Stock: Asana Beat, Raised Guidance, and Fell 11% (Q2 FY2027)
Asana (ASAN) Q2 FY2027 — Shares closed at $10.09 the session the print landed, then traded down to about $8.95 since the release. Asana beat its own Q2 FY2027 guidance and raised the full-year outlook — and the stock fell about 11% since the release. The reason sits four lines above the profit: cost of revenues grew 50% against revenue growth of 10%, gross margin fell from 89.7% to 86.0%, and management guided next quarter's operating margin DOWN in the quarter AI ships to every paid tier. THE CALL: HOLD (2/5, LOW-MODERATE) — base-case value ~$7.60 vs ~$8.95 today. KEY METRICS: - Revenue $216.4M, +9.9% YoY — above the top of company guidance - Cost of reven...
MOMO Stock: Hello Group Now Trades Below Its Own Cash (Q2 2026)
Hello Group (MOMO) Q2 2026 — Shares closed down 7.1% to $5.10 the session the print landed, a new 12-month low. Hello Group's market value has fallen below its liquid cash. At $5.10 an ADS the company carries $8.04 a share in cash and deposits and effectively no debt, which puts enterprise value at roughly NEGATIVE $460 million. The Q2 print is the first one that lets you audit both halves of why: what it costs to get that cash out of China, and whether the operating business underneath it is worth anything at all. THE CALL: BULLISH (3/5, MODERATE) — base-case value ~$8.70 vs ~$5.10 today. KEY METRICS: - Net reve...
