Wednesday, July 22, 2026

Consensus is $3.17 EPS on $10.79B revenue for this quarter; management has not guided Q2 in the supplied material. Full-year guidance is $44.5–$45.5B revenue, 12–14% adjusted EBITDA margin, and $6.5–$7.5B free cash flow. With three ecosystem reporters raising guidance and Q1 orders up 71%, the signals suggest GEV could beat or at least hold the line. The specific question is whether management raises full-year guidance again, particularly free cash flow. The one number to watch is gas under contract: it is 100GW against a 110GW year-end promise, and a slow quarter there would make that promise harder to keep.

Consensus is $1.01 EPS on $3.76B revenue. Management guided Q2 adjusted EPS down 3% to 5% year over year, which implies roughly $0.92 to $0.94, below consensus. The signals — strong backlog, rising modernization orders, Americas NE orders up over 20% for seven straight quarters — suggest the business could beat that low bar, but the service margin stumble is the risk. The key number is service margin: management guided to sequential improvement and a return to year-over-year expansion by Q4, so the question going in is whether Q2 actually inflects. A continued decline or a weak Q2 service margin would put that recovery path in doubt, and the stock could sell off even if headline EPS beats.

Consensus is $5.79 EPS on $1.58B revenue for the upcoming quarter. The company has beaten EPS estimates in each of the last six quarters, and Q1's record sales and operating margin suggest momentum could carry into Q2. Full-year, management guides to about $6.415B revenue and $23.85-$24.15 EPS; consensus sits slightly above at $6.426B revenue and $24.16 EPS, so a guide raise would be a meaningful signal. The question going in is whether management moves the full-year EPS range up; if the top end stays at $24.15, even a strong quarter could be sold. One number to watch: the top end of the FY2026 non-GAAP EPS guide ($24.15).

Analyst consensus is $1.83 EPS on $2.18B revenue. Management's guide is Q4 adjusted EBIT growth of low to high single digits. The ecosystem signals and the construction layer's high beat rate suggest RPM could beat. The real question is whether Consumer sales are growing from existing operations rather than acquisitions and price, and whether management holds its EBIT guide while raw-material costs become less benign. Watch Consumer organic volume — a fifth straight quarter of contraction could undercut the record-revenue story even if EPS beats.

Consensus for the upcoming report is $0.60 earnings per share (EPS) on $6.62B revenue, versus $0.57 EPS last quarter. Management hasn’t given a specific quarterly guide in the source material, but full-year net unit cash cost (its per-pound cost measure) was raised to $1.95/lb and Grasberg volumes were cut. The signals suggest they could meet or modestly beat the quarter, but the market’s reaction likely depends on whether the Grasberg ramp and cost guidance hold. The single number to watch is the Grasberg production blocks 2 and 3 mining rate against the ~60,000 tonnes/day second-half guide; tracking below that could pressure the full-year cost outlook.

Consensus for Wednesday is $2.85 EPS on $5.01B revenue. The source material doesn't include an explicit Q3 guide; management's open FY26 commitments are over $2B total growth, DDN AI approaching $2.4B, 100% FCF conversion, and capex ~6% of sales. Record orders, two consecutive AI forecast raises, and all four confirmed competitors beating suggest TEL could beat again. The real question is whether management raises or at least holds the $2.4B AI revenue target, and whether margins hold against resin and freight costs. Watch DDN order growth — over 60% YoY last quarter. A sharp deceleration could weaken the 2027 backlog story more than a small EPS miss could.

Consensus expects $11.53 EPS (earnings per share) on $4.22B revenue for the quarter, versus $9.71 EPS in Q1. No Q2 guide is provided in the source; the full-year range is $16.9B-$17.4B revenue and $7.625B-$7.875B adjusted EBITDA (a profit measure before interest, taxes, depreciation and amortization, with one-time items removed), both raised after Q1. Q1 momentum - record revenue, stronger fleet productivity, Specialty up 14% - suggests Q2 could land near or above consensus, but URI has beaten only 2 of the last 7 quarters and beats can be sold in this sector. The key question is whether management raises the full-year guide again and whether the adjusted EBITDA margin holds near 44% through the busy season. The one number to watch is fleet productivity: it rebounded to 2.3% in Q1 from 0.5% in Q4; if it slips back toward that low level, the recovery story weakens.

Consensus for the upcoming quarter is $2.87 EPS on $116.53B revenue, compared with $5.11 EPS and $109.9B revenue in Q1; the EPS drop partly reflects large non-cash investment gains in Q1. Management did not give a public quarterly revenue guide; the open guides are 2026 CapEx of $180–190B and a low single-digit cloud margin headwind from Wiz. With seven straight beats, confirmed partners raising guidance, and Cloud backlog nearly doubling, the signals suggest Alphabet could beat on revenue and EPS. The question is whether Cloud growth stays near 63% and whether management keeps the capital-expenditure ramp intact. The single most important number is Cloud revenue growth: below 50% could signal deceleration; around 60% or above would point to continued acceleration.

Consensus is $0.81 EPS on $608M revenue. There is no explicit Q2 revenue guide in the source material; the full-year framework is low-single-digit organic growth on constant currency, and consensus FY revenue of $2,362.5M is roughly 4% above the current TTM run rate. The order signals — bookings +3%, backlog building, semiconductor orders up at least 20% in every region — suggest Graco could beat the revenue number, but the beat track record is thin (one beat in roughly the last six or seven quarters). The specific question is whether management keeps the low-single-digit organic guide and whether gross margin stabilizes after a 60bp drop with $7M of tariffs. The one number to watch is total bookings growth: if bookings stay positive and backlog converts, revenue could catch up; if bookings soften, the H2 conversion promise is at risk.

Consensus for this print is $1.91 EPS on $5.26B revenue. Management guided to $5.0B-$5.4B revenue and $1.77-$2.05 EPS, so consensus sits near the midpoint. The ecosystem signals suggest TXN could beat, but the track record is 5 beats in 7 quarters, not perfect. The key questions are whether data center growth stays near ~90% YoY and whether management holds the $8 FCF/share target. The number to watch is data center YoY growth; a sharp slowdown could hurt the multiple even if total revenue is in line.

Consensus expects $5.47 EPS on $4.26B revenue, while management guided Q2 non-GAAP EPS to $5.15-$5.35, so consensus sits $0.12 above the top of the guide. Broad demand, record data-center commentary, and the government-contract ramp suggest Reliance could beat the guide, but it has beaten only 2 of the last 7 quarters. The key question is whether management confirms the raised full-year LIFO estimate at $150M and holds the border-wall ramp timeline. The single most important number is Q2 EPS: a miss below $5.15 could come from LIFO expense above the ~$0.54-per-share embedded in the guide, or from margin compression, rather than weak demand.

Consensus for the upcoming Q4 FY2026 is $0.07 EPS on $55M revenue. Management has not given an explicit company-level revenue or EPS guide in the source material; the explicit commitment is double-digit GES revenue growth for Q4/FY2026. With backlog rising and a confirmed customer steady, the signals suggest RELL could at least match consensus. The question is whether GES returns to double-digit growth and whether total backlog keeps rising. Watch total backlog: it was $151.2M last quarter, and a sequential drop could be the first sign the AI/semi tailwind is cooling.

Consensus is $0.50 EPS on $26.42B revenue, about 25% of the $103.6B TTM revenue base, and the source shows no specific Q2 management guide. Tesla has beaten EPS 4 of the last 7 quarters, and since Q1, deliveries of 480k and energy storage of 13.5GWh provide operational momentum, so the company could beat. The key question is whether margins hold without Q1's one-time benefits. The one number to watch is automotive gross margin excluding credits and excluding the ~$230M warranty/tariff support; a clean print below Q1's 19.2% could suggest price or cost pressure.

The source has no quarterly consensus EPS or quarterly revenue estimate, and management has not given a current-quarter guide. The only consensus number is full-year revenue of $686.9M, about 8% below trailing revenue of $744M. The last reported EPS was -$0.17; Q3 2024 adjusted EBITDA missed internal guidance by $1.3M, entirely due to a $1.4M non-cash incentive charge. Without ecosystem prints or consensus, the signals don't support a clear beat-or-miss call; the specific question is whether management can update the three open promises. The one number to watch is adjusted leverage: it was 4.14x against a below-4.0x year-end goal; a print above 4.0x could refocus attention on $486.5M of debt.

Consensus is $0.08 EPS on $1.09B revenue, versus the $0.06 adjusted EPS LBRT posted last quarter. Management hasn't given a specific revenue guide for Q2 in the source material; they did flag ~$300 million of milestone payments for Q2/early Q3, which could be a meaningful cash outlay tied to the LPI buildout. The signals suggest LBRT could deliver a modest beat given the record pumping-hours momentum and the power-segment progress, but the power-systems layer's post-earnings selloff means even a beat could be sold. The specific question going into the call is whether management reaffirms the 3 GW-by-2029 target and treats the $300 million milestone spend as on-track. The single most important number is adjusted EBITDA — last quarter it was $126 million on record pumping hours; if it comes in below $120 million, the margin compression story worsens.

Consensus for Q2 2026 is $1.98 EPS on $4.32B revenue. Management has not guided the quarter; the standing full-year guide is 911,400 tons of copper, and the source's consensus for the fiscal year ending December 2027 is $15.96B revenue, roughly 19% above FY2025. The signals are mixed: no ecosystem read-through, but a layer pattern that can sell good prints. The call likely comes down to whether management reaffirms the 911,400-ton target and whether by-product credits keep cash costs near $0.58/lb. The one number to watch is the copper production pace — last year they missed plan by about 1%, so a pace below the implied run-rate could make the full-year target look fragile.

Consensus for this print is $0.32 EPS on $4.22B revenue. Management has not given a specific quarterly revenue guide; the full-year guide is for adjusted EBITDA at least 3% above budgeted EBITDA — more than $250 million additional — and year-end leverage of 3.7x. The Q1 momentum (transport +8%, gathering +15%, RNG +63%, backlog +$145M) suggests KMI could beat again, but the layer's 73%-beat / 35%-reward pattern says the stock might not move up even on a beat. The question is whether management keeps the bullish tone: FID on Western Gateway, FERC certificates for MSX and South System 4 by July 31, and conversion of shadow backlog into approved projects. The one number to watch is the project backlog — if it stops growing, the forward story loses some force.