Thursday, July 23, 2026

Consensus for this quarter is $2.22 EPS on $1.12B revenue. Management's full-year guide is $8.70-$8.90 EPS, 2-4% organic revenue growth, and 6-8% reported revenue growth. The signals suggest ALLE could beat the consensus revenue number, but the EPS outcome likely depends on whether the International ERP drag reverses and whether the tariff offset holds. The question is whether management raises the reported revenue range again while keeping margin stable. The single most important number is International organic growth — it was -5.3% in Q1; if it stays negative in Q2, the year-end recovery promise weakens.

Consensus expects $3.26 per-share earnings on $6.72B revenue. Management's guide is mid-single-digit EPS growth and operating-ratio improvement for the full year. With pricing and mix up 325 basis points (3.25 percentage points) last quarter and industrial volume up 4%, the signals suggest UNP could beat. The question is whether management holds the operating-ratio promise while diesel runs above $4/gallon and compensation per employee runs above its 4-5% target. The one number to watch is adjusted operating ratio: Q1 came in at 59.9% with an 80-basis-point improvement; a flat or worse reading would point to cost pressure.

Consensus is $1.25 EPS on $12.03B revenue. Management's guide is roughly $12B revenue and $2B operating EBITDA, so consensus revenue is effectively on top of the guide. The Middle East supply shock, record polyethylene price settlements, and a $0.30 per pound April price increase already in the guide suggest Q2 could land at or above the EBITDA number. The question is whether management holds the $2B EBITDA line and indicates whether the May $0.20 per pound increase is showing up. The number to watch is Q2 operating EBITDA: below $2B would be a miss against management's own promise.

Consensus for Q2 expects $1.80 EPS on $5.03B revenue. No HON-specific quarterly guide appears in the source; the pre-spin FY guide is $38.8-$39.8B revenue and 22.7%-23.1% segment margin. Positive signals from CLS, TEL, and SOLS suggest HON could beat. The key question is whether management confirms the 3%-6% organic growth promise and gives more color on the post-spin standalone financial framework. The one number to listen for is Building Automation order growth, which was +9% in Q1; a sharp slowdown would weaken the data-center story and could hit the stock.

Consensus expects $1.34 EPS on $3.42B revenue, while full-year consensus is about $5.85 EPS and $14.76B revenue. Management has not given a numeric quarterly guide in the source material; its public commitments include strong 2026 inflows, a larger new energy-transition fund, and the launch of a public data-center company. A beat/raise from the inferred data-center REIT, $69B of Q1 inflows, and strong infrastructure returns suggest the quarter could beat, keeping the 7-quarter streak alive. The key question is whether BCRED retail flows stabilize after a $1.4B net outflow in Q1. Watch BCRED net flows more than headline EPS, because BCRED produced $1.2B of FY2025 fees.

Consensus calls for $0.07 EPS on $5.57B revenue. Management's Q2 guide is +5% to +9% sequential net sales from Q1's EUR4.5bn, and operating profit at 12–16% of full-year comparable operating profit. The AI order flow, book-to-bill, and raised Network Infrastructure target suggest Nokia could land at the upper end of that revenue path. The question is whether management keeps the 12–14% NI growth and 18–20% Optical+IP growth targets for the full year. Watch Q2 sequential net sales: a print below +5% could put the full-year growth story under pressure.

Consensus — the average analyst estimate — for Q2 is -$0.21 EPS on $5.15B revenue. Management did not guide revenue or EPS; it guided shipments above 4.1M tons, average selling price up about $60/ton sequentially, unit costs up about $15/ton, and called Q2 the best quarter in nearly two years. The order book, auto strength, and pricing momentum suggest CLF could beat, but the inferred customer's miss and the cost guidance are cautions. The question is whether management raises full-year guidance or holds at 16.5-17M tons and a ~$60/ton ASP increase. Watch the spread between ASP and unit cost — if unit cost rises more than the $15/ton guide, the EBITDA step-up could disappoint.

Consensus is $0.26 EPS on $3.46B revenue; management guided Q2 revenue to $3.45B ±350 bps and gross margin to about 34.8% (35.2% non-GAAP). Consensus revenue sits almost exactly at the midpoint of that range. Ecosystem signals — especially Amazon's raised capex plan — suggest STM could deliver on its guide, and the June data-center target raise adds upside potential, though the layer can sell even good results. The question is whether management keeps the ~$1B 2026 data-center target intact and whether gross margin holds. Watch the ~$1B target: if Q2 commentary does not support the pace, the stock could give back part of its 91.4% YTD move.

Consensus for the Thursday report is $0.36 core EPS on $6.20B of revenue, about 24% of trailing revenue. Management has not guided the quarter specifically; its full-year core EPS guide is $1.64-$1.66. The reaffirmed guide and the growing pipeline suggest the company could meet or beat the quarter, but a 3-of-7 beat record keeps that uncertain. The question is whether management repeats the full-year guide and the 1.8 GW by 2030 data-center target. The number to watch is Q2 core EPS near $0.36: below that, the first half could land below $0.79 and the second half could need to carry more of the year.

Consensus for this quarter is $0.95 EPS on $2.38B revenue; last quarter reported EPS was $1.20. Teck has beaten EPS in 7 of the last 7 quarters. Record copper prices, a zero 2026 smelting-charge benchmark, and QB producing 56 kt of the 140 kt Q1 total suggest Teck could beat again. The open question is whether management confirms Rock Bench 5 completion and reiterates QB steady-state by year-end. Watch QB's production rate: if it steps back from 56 kt, the 455–530 kt full-year copper range could come under pressure.

Consensus expects $2.72 EPS on $2.21B revenue. Management did not give a specific Q2 guide in the source material but reaffirmed full-year EPS of $10.45-$10.65 with a bias to the high end. The ecosystem signals, record bookings, and capacity-constrained AI cooling demand suggest Dover could beat. The question is whether management uses this print to raise full-year guidance — they promised to revisit it based on order trends. The one number to watch is book-to-bill: if it stays above 1x, the guide likely moves up; if it dips below 1x, the high-end bias likely fades.

Consensus is $0.48 EPS on $1.66B revenue for the upcoming quarter. Last quarter GAAP EPS was $0.46 and core FFO per share — the cash-flow measure REITs use — was $2.04. Management’s full-year 2026 core FFO guide is $8.00–$8.10, already raised by $0.10. The record bookings, rising AI share, and ecosystem comments suggest they could beat the quarterly number. The key question is whether management holds or raises that guide; the single most important number is the guide, because if it moves below $8.00, that would likely matter more than a quarterly EPS beat.

Consensus is $0.33 EPS (earnings per share) on $165M revenue, and management guided Q2 revenue to $160–170M, so consensus sits at the midpoint. Supplier guidance and the raised optical target suggest MXL could beat that midpoint. The call comes down to whether management keeps the $150–170M optical target and whether the promised 'step-function' data-center increase actually appears in Infrastructure revenue, which was $63M in Q1. The one number to watch is Infrastructure revenue: if it doesn't jump from $63M, the step-function promise is open to doubt — and at 50x forward P/E, doubt can be expensive.

Consensus is $0.21 EPS on $14.43B revenue. Management guided Q2 revenue of $13.8B-$14.8B (midpoint $14.3B), non-GAAP EPS of $0.20, and gross margin around 39%. Consensus sits slightly above the midpoint, and Intel has exceeded its own guidance for six consecutive quarters; signals from KLA, ASML, and hyperscaler capex suggest Intel could beat. The key question on the call is whether factory supply is loosening enough to convert demand into revenue and whether management raises the Q3 view. The single most important number to watch is DCAI growth: management guided double-digit QoQ growth in Q2, and a print below that could signal supply is still the bottleneck.

Consensus for Q2 is $10.45 EPS on $2.99B revenue, compared with $10.51 EPS and $2.9B revenue last quarter. Management has not given a quarterly guide in the source; its full-year commitments are organic revenue growth of mid-to-high 20s and same-store (existing-operations) growth of mid-to-high teens. Record backlog and strong ecosystem reports suggest FIX could beat. The question is whether management raises the full-year growth range and whether gross margin stays near the roughly 25.2% core level after a one-time Q1 benefit. Watch backlog: a sequential decline would be the first sign that bookings are cooling.

Consensus for Q2 is $0.30 EPS on $157M revenue, exactly at management's $152M-$162M and $0.28-$0.32 midpoint. For the full year, consensus is $1.29 EPS and $643M revenue. Last quarter revenue hit the high end, EPS beat the high end, and PD book-to-bill stayed strong, so the signals suggest Knowles could land at or above the midpoint. The main question is whether management keeps the upgraded full-year promises — revenue growth above the high end of 4-6%, adjusted EBITDA above the 10-14% CAGR path, and PD gross margin up at least 100 bps. The single number to watch is PD book-to-bill: above 1.0 again would extend a six-quarter streak, while below 1.0 would signal the order pipeline is cooling.