Earnings Whispers - September 2, 2025

Summary for Tuesday, September 2, 2025

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A summary of guidance and results for the day, with a list of top surprises
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Top Earnings News

Zscaler Beat Expectations

Logo for Zscaler, Inc.Zscaler (ZS) reported earnings of $0.89 per share on revenue of $719.23 million for the fiscal fourth quarter ended July 2025. The consensus earnings estimate was $0.80 per share on revenue of $706.19 million. The Earnings Whisper number was $0.84 per share. The company beat expectations by 5.95% while revenue grew 21.31% on a year-over-year basis.

The company said it expects first-quarter non-GAAP earnings of $0.85 to $0.86 per share on revenue of $772.0 million to $774.0 million. The current consensus earnings estimate is $0.84 per share on revenue of $749.35 million for the quarter ending October 31, 2025. The company also said it expects fiscal 2026 non-GAAP earnings of $3.64 to $3.68 per share on revenue of $3.265 billion to $3.284 billion. The current consensus earnings estimate is $3.67 per share on revenue of $3.18 billion for the year ending July 31, 2026.

Zscaler accelerates digital transformation so customers can be more agile, efficient, resilient, and secure.

Chart for Zscaler, Inc.

Positive Guidance

HealthEquity Raises Guidance

Logo for HealthEquity, Inc.HealthEquity, Inc. (HQY) said it expects fiscal 2026 non-GAAP earnings of $3.74 to $3.91 per share on revenue of $1.290 billion to $1.310 billion. The company's previous guidance was earnings of $3.61 to $3.78 per share on revenue of $1.285 billion to $1.305 billion, and the current consensus earnings estimate is $3.67 per share on revenue of $1.30 billion for the year ending January 31, 2026.

HealthEquity Inc is a technology-enabled services platform that empowers consumers to make healthcare saving and spending decisions.

Chart for HealthEquity, Inc.

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Negative Guidance

Constellation Brands Lowers Guidance

Logo for Constellation Brands, Inc.Constellation Brands, Inc. (STZ) said it expects fiscal 2026 earnings of $11.30 to $11.60 per share. The company's previous guidance was earnings of $12.60 to $12.90 per share and the current consensus earnings estimate is $12.60 per share for the year ending February 28, 2026.

Constellation Brands Inc is an international beverage alcohol company with many of its products recognized as leaders in their respective categories and geographic markets. It is a multi-category supplier (beer, wine & spirits) of beverage alcohol in US.

Chart for Constellation Brands, Inc.

Other Top Guidance Announcements

VRNSVaronis Updates Guidance with Acquisition
ASOAcademy Sports + Outdoors Raises Guidance, but Remains In-line with Estimates
CCLDCareCloud Raises Guidance with Acquisition
NIONIO Sees Revenue Below Estimates
GISGeneral Mills Reaffirms
SIGSignet Jewelers Raises Guidance, but Remains In-line with Estimates
MAMAMama’s Creations Sees Revenue Above Estimates
SMWBSimilarweb Reaffirms
APPSDigital Turbine Narrows Guidance

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Positive Surprise

GDEV Beat Consensus Estimates

Logo for Gdev IncGDEV (GDEV) reported earnings of $0.90 per share on revenue of $119.91 million for the second quarter ended June 2025. The consensus earnings estimate was $0.26 per share on revenue of $89.35 million. The company beat consensus estimates by 246.15% while revenue grew 13.31% on a year-over-year basis.

GDEV is a hub of gaming studios, focused on development and growth of its franchise portfolio across various genres and platforms.

Chart for Gdev Inc

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Negative Surprise

NIO Missed Expectations

Logo for NIO Inc.NIO (NIO) reported a loss of $0.32 per share on revenue of $2.65 billion for the second quarter ended June 2025. The consensus estimate was a loss of $0.30 per share on revenue of $2.76 billion. The Earnings Whisper number was a loss of $0.27 per share. The company missed expectations by 18.52% while revenue grew 10.53% on a year-over-year basis.

The company said it expects third quarter revenue of $3.05 billion to $3.19 billion. The current consensus revenue estimate is $3.45 billion for the quarter ending September 30, 2025.

NIO Inc. is a pioneer and a leading company in the global smart electric vehicle market.

Chart for NIO Inc.

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

Salesforce is Expected to Beat Estimates

Logo for SalesforceSalesforce (CRM) is confirmed to report earnings on Wednesday, September 3, 2025 at approximately 4:00 PM ET. The consensus earnings estimate is $2.78 per share on revenue of $10.13 billion, respresenting 8.6% year-over-year revenue growth, and the Earnings Whisper ® number is $2.83 per share. Investors are 27.7% bearish going into the company's earnings release. Option traders are pricing in a 8.1% move on earnings and the stock has averaged a 7.0% move in recent quarters.

Chart for Salesforce

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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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