Research Feed

DraftKings reported Q4 revenue $1.99B (+43% YoY), adjusted EBITDA $343M, and 8.0% net revenue margin vs 5.5% prior year. Management then guided 2026 revenue to $6.5-6.9B, $600M below consensus. Stock cratered 13%, extending the 12-month drawdown to -59%. At $21.76, DKNG trades at 10.6x forward P/E w

PEGA at $43 (down 26% in one month) just reported accelerating fundamentals, eliminated a $2B litigation overhang, and authorized a $1.24B buyback (17% of float) — all while trading at 12.9x forward FCF for a business growing 15%+ with expanding margins. This is a sector-driven dislocation creating

Street consensus has OSCR earning ~$1.00 EPS for 2026. Management just guided $250-450M operating income, which translates to $0.72-$1.30 EPS (midpoint $1.01) after tax. But here's what matters: The stock at $12.66 (RSI 16.3, down 28% in one month) is pricing something far worse than breakeven. Anal

Lesaka Technologies (LSAK, $4.37, $400M market cap) is a South African fintech beating analyst estimates by 100% for four consecutive quarters, guiding 36-57% EBITDA growth, trading at 12x forward P/E with only one analyst covering it, CEO bought $9M at $5, and the stock is down 12.8% over the past

MasterCraft Boat Holdings (MCFT) reported Q2 FY2026 earnings on Feb 5, beating estimates for the fourth consecutive quarter (70%+ beats) and raising full-year guidance. Simultaneously, they announced the acquisition of Marine Products Corp (MPX) for $232M (7.2x NTM EBITDA, 5.5x post-synergies). On t

Ladder Capital (LADR) missed Q4 distributable EPS by 28% ($0.17 vs $0.24) on a $5M charge-off, stock sold off -6.5% to RSI 29. The miss obscures what's happening underneath: $1.2B in loan originations over 7 months (Q3-Jan 2026), cash redeployed from $1.32B to $38M, securities up 93% into AAA CMBS,

Green Plains just guided to $188M in 45Z tax credit EBITDA for 2026 on a $900M market cap. That's 21% of enterprise value from credits alone, before base ethanol crush. The street hasn't updated — consensus sits at $0.48 EPS for FY26, analyst targets cluster around $12 (current price), and UBS reite

DOCS crashed -33% after hours (Feb 5) on Q4 guidance miss despite beating Q3 estimates. Stock closed regular hours at $33.32, then fell to $22.25 after-hours. Q3 earnings were fine — $0.46 EPS vs $0.45 est, revenue $185.1M vs $181.6M est. The problem is forward: Q4 guided $143-144M vs $150.5M consen

LTRX is a $220M small-cap supplying edge compute modules to US defense drone OEMs. Beat Q2 EPS by 33% ($0.04 vs $0.03), raised FY26 drone revenue guidance 60% (from $5-10M to $8-12M), and guided FY27 drones to 15-20% of revenue (~$20-30M). Stock down 13% since earnings despite beat+raise. Post-earni

Chipotle's comp sales went negative (-1.7%) for the first time since IPO, and management guides "about flat" for 2026. The stock sold off -30% YTD to $39.93. But management claims high-efficiency equipment (HEAP) at 350 stores is driving "meaningful improvement in comp sales," expanding to 2,000 by

UHAL reported a $37M Q3 loss (vs. +$67M profit prior year), driven by used truck resale value collapse, accelerated depreciation, and surging self-insurance liabilities. This is a doorway state: Either a cyclical bottom with normalization ahead (60%) or structural margin compression persisting (40%)

Coherent (COHR) reported strong Q2 datacenter growth (34% YoY) but Q3 guidance signals deceleration to +5% QoQ sequential growth (midpoint $1.77B vs Q2 $1.69B). Market sold off -7.9% on Feb 4 while competitor Lumentum (LITE) rallied +7.0% on Feb 3, signaling competitive share loss concerns. Key tens

ARLP trades near 52-week lows (-4.7% 1Y) while Peabody (BTU) is up 98% on the same thermal coal demand thesis. The PJM capacity auction cleared every MW of coal at the FERC cap with 93% of 2026 tons already committed. This connects to the broader power demand supercycle - data centers driving 76 GW

HROW 8-K filed 2026-02-02. Three items: reaffirmed FY2025 revenue guidance ($270-280M), CCO appointment with $920M branded revenue target for 2027, and commercial expansion updates. Stock deeply oversold: RSI 22, -18% 1-month, 19% short interest (9.5 days to cover). Trading at $40.94 vs $70.62 mean

Lam Research's Q2 2026 earnings call revealed a structural equipment supply bottleneck—not cyclical demand. Cleanroom capacity constraints are forcing multi-year customer commitments, with "better visibility into 2027 than ever before." WFE guidance of $135B for 2026 (+23% YoY) combined with acceler

SL Green (SLG) is showing early signs of an occupancy-driven earnings inflection that contradicts the broader "office is dead" narrative. Q4 2025 earnings call reveals the company beat its 93.2% occupancy target weeks early, with management guiding to 94.8% by end of 2026. More importantly, the call

Crane Company (CR) reported Q4 2025 earnings on January 27, 2026. Three material signals emerged: Management guided acquisitions as zero accretion in year 1 at deal announcement. Six months post-close, they now expect slight accretion in 2026 with integration "exceeding initial expectations." Synerg

Norwegian renewable energy developer Scatec (STECF) is executing a business model transformation from pure power production to a high-margin development & construction (D&C) flywheel. Q4 2025 earnings reveal a D&C segment inflection that the market is likely to misread due to headline guidance optic

PennyMac Mortgage Investment Trust (PMT) is executing a strategic pivot from legacy low-return assets to organic prime non-Agency securitization. The market is punishing visible transition costs (run rate down $0.02/quarter) without crediting structural improvement (19 securitizations in 2025 vs 2 i

Cimpress reported Q2 FY26 results on January 29, 2026, revealing accelerating execution across key operational metrics. The filing discloses material insider buying activity, including a January 15, 2026 purchase by the CFO at approximately $79 per share—executed after earnings and above the Novembe

CONMED reported Q4 2025 EPS of $1.43, beating consensus of $1.32, with orthopedics revenue up 12.1% and supply chain backorders at a three-year low. Despite the operational beat, management guided 2026 EPS to $4.30-$4.45, down from $4.59, attributing the decline entirely to the GI portfolio exit ($0

Bread Financial Holdings disclosed material improvement in credit metrics on its Q4 2025 earnings call, signaling a potential exit from the credit tightening cycle that has weighed on the private label credit card lender. The company reported a net loss rate of 7.4%, down 60 basis points year-over-y

Canadian Pacific Kansas City reported Q4 2025 operating ratio of 55.9%, driving full-year OR to 59.9%—the first time the company has operated below 60%. Management guided to 100 basis points of annual OR improvement going forward. The earnings call disclosed three specific volume drivers for 2026:

Crane Company's (CR) Q4 2025 earnings call, held January 27, 2026, disclosed material expansion of its nuclear business and earlier-than-expected value capture from recent acquisitions. The Reuter-Stokes acquisition has doubled Crane's nuclear business size, positioning the company across four disti