Earnings Whispers - November 12, 2025

Summary for Tuesday, November 11, 2025

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A summary of guidance and results for the day, with a list of top surprises
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Nebius Narrows Guidance Below Estimates

Logo for Nebius GroupNebius Group (NBIS) said during its conference call it expects 2025 revenue of $500.0 million to $550.0 million. The company's previous guidance was revenue of $450.0 million to $630.0 million, and the current consensus revenue estimate is $570.83 million for the year ending December 31, 2025.



Chart for Nebius Group

Positive Guidance

Blaize Sees Revenue Above Estimates

Logo for Blaize Holdings, Inc.Blaize Holdings, Inc. (BZAI) said it expects third quarter revenue of approximately $11.9 million. The current consensus revenue estimate is $11.30 million for the quarter ending September 30, 2025.



Chart for Blaize Holdings, Inc.

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Negative Guidance

Spectral AI Lowers Guidance

Logo for Spectral AI IncSpectral AI Inc (MDAI) said it expects 2025 revenue of approximately $18.5 million. The The company's previous guidance was revenue of approximately $21.50 millio, and the current consensus revenue estimate is $21.41 million for the year ending December 31, 2025.

Spectral AI, Inc. is a Dallas-based predictive AI company focused on medical diagnostics for faster and more accurate treatment decisions in wound care, with initial applications involving patients with burns and diabetic foot ulcers.

Chart for Spectral AI Inc

Other Top Guidance Announcements

HSAIHesai Group Provides Revenue Guidance
STXSStereotaxis Provides Guidance
NBISNebius Narrows Guidance Below Estimates
ALCAlcon Reaffirms
BWAYBrainsway Narrows Guidance
DAVAEndava Lowers Guidance, but Earnings Remain In-line with Estimates
SMWBSimilarweb Reaffirms
CRNTCeragon Networks Guides In-line
PODCPodcastOne Reaffirms Revenue Guidance
BRCBBlack Rock Coffee Bar Sees Revenue Below Estimates
DOXAmdocs Sees First Quarter Earnings Below Estimates, but Guides In-line for the Year

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Positive Surprise

Black Rock Coffee Bar Beat Consensus Estimates

Logo for Black Rock Coffee Bar Cl ABlack Rock Coffee Bar (BRCB) reported a loss of $0.05 per share on revenue of $51.47 million for the third quarter ended September 2025. The consensus estimate was a loss of $0.24 per share on revenue of $51.03 million. The company beat consensus estimates by 79.17%.

The company said it expects 2025 revenue of $199.0 million to $200.0 million. The current consensus revenue estimate is $200.07 million for the year ending December 31, 2025.

Black Rock Coffee Bar is a high-growth operator of guest-centric, drive-thru coffee bars offering premium caffeinated beverages and an elevated in-store experience crafted by our engaging baristas.

Chart for Black Rock Coffee Bar Cl A

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Negative Surprise

Proficient Auto Logistics, Inc. Missed Consensus Estimates

Logo for Proficient Auto Logistics IncProficient Auto Logistics, Inc. (PAL) reported a loss of $0.02 per share on revenue of $114.30 million for the third quarter ended September 2025. The consensus earnings estimate was $0.03 per share on revenue of $110.30 million. The company missed consensus estimates by 166.67% while revenue grew 24.90% on a year-over-year basis.

North American Palladium Ltd is a precious metals producer that operates LDI palladium mine, located in northwest of Thunder Bay, Ontario.

Chart for Proficient Auto Logistics Inc

A calendar showing logos of companies scheduled to report earnings on the next business day.

Circle Internet Group is Expected to Beat Estimates

Logo for Circle Internet Group, Inc.Circle Internet Group (CRCL) is confirmed to report earnings on Wednesday, November 12, 2025 at approximately 6:25 AM ET. The consensus earnings estimate is $0.17 per share on revenue of $708.92 million, and the Earnings Whisper ® number is $0.19 per share. Investors are 14.8% bearish going into the company's earnings release. Option traders are pricing in a 15.8% move on earnings and the stock has averaged a 1.3% move in recent quarters.

Chart for Circle Internet Group, Inc.

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A list showing logos of companies scheduled to report earnings on the next business day based on expected moves.


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