Charged Alpha Stock Encyclopedia
Charged Alpha reviews earnings for each stock in the Russel 1000 every quarter. Each podcast gives thorough analysis, along with an in-depth profile in the beginning of the episode of the company, what they do, how they earn money and what to look for.
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CIEN Stock: A $2.9B Zero-Coupon Bond Funded This Margin Tripling — Q3 FY2026
Ciena Corporation (CIEN) Q3 FY2026 — The stock fell 10.36% the reaction session, from $354.16 to $317.46, despite beating on both revenue and earnings. Ciena just raised nearly three billion dollars at a zero percent coupon and poured almost all of it into paying off debt and buying stock protection, in the same quarter its operating margin nearly tripled. THE CALL: BUY (3/5, MODERATE) — base-case value ~$345.00 vs ~$317.46 today. KEY METRICS: - Revenue $1,671.1M, up 37.0% YoY (vs $1,219.4M) - GAAP diluted EPS $1.83 vs $0.35 PY - Non-GAAP diluted EPS $2.11 vs $0.67 PY, up 215% - GAAP operating margin 18.0% vs 6.1% PY; non-GAAP operating margin 22.5% vs 10.7% PY - Raised $2.875B of 0.00%-cou...
HPE Stock: Margin Doubled, Stock Sold Off, Then Reversed 5% — Q3 FY2026
Hewlett Packard Enterprise (HPE) Q3 FY2026 — The stock opened down nearly 7% intraday, then reversed to close up 5.04% the same session. Cloud & AI segment operating margin more than doubled year over year, from 7.0% to 17.0%, while the stock nearly sold the news before reversing hard into the close. THE CALL: HOLD (3/5, MODERATE) — base-case value ~$55.00 vs ~$52.00 today. KEY METRICS: - Revenue $12,213M, up 33.66% YoY (vs $9,136M) - GAAP diluted EPS $1.06 vs $0.21 PY - Non-GAAP diluted EPS $1.11 vs $0.44 PY, beat $0.93 consensus - Cloud & AI segment operating margin 17.0% vs 7.0% PY - Networking revenue +74.9% YoY; Routing +270.0% - FY26 non-GAAP EPS guide raised to $3.75-$3.85 (was ~$3.43 consensus) - Fr...
NTAP Stock: NetApp Q1 FY2027 Earnings - The 30% Growth Rate Isn’t Real
NetApp (NTAP) Q1 FY2027 — Since the print the shares are up less than 3% - the tape had already run 42% above its 200-day average coming in. NetApp's headline 29.9% revenue growth includes a 14th fiscal week (FY2027 is a 53-week year) plus price increases pushed through in a memory shortage. Divide by weeks worked instead and growth is 20.6%. Free cash flow fell 35% to $401M while net income rose 61% over the same three months, as inventory rose 89% to $375M and turns fell from 14x to 6x. THE CALL: HOLD (3/5, MODERATE) — base-case value ~$162 vs ~$185 today. KEY METRICS: - Revenue $2.025B vs $1.559B a year ago...
Baozun (BZUN): The Market Prices Its Business at Less Than Zero
Baozun Inc. (BZUN) Q2 2026 — Revenue RMB2.74B / $404.3M (+7.5% YoY). Non-GAAP operating income up 11x. GAAP EPS RMB0.29 vs non-GAAP RMB0.42. The ADS rose ~7.09% on the print, then gave back most of it, closing most recently at $2.87. Baozun just swung to an operating profit, non-GAAP operating income up 11x, and raised its long-term profit target ~30%. Yet it trades below its own net cash: ~$231M vs a ~$167M market cap, a negative enterprise value. THE CALL: BUY (3/5, PRICED BELOW ITS OWN NET CASH) — base-case value ~$5.0 vs ~$2.87 today. KEY METRICS: - Revenue RMB2.74B / $404.3M, +7.5% YoY (corrected from a typo in the company's own...
BBY Stock: NEUTRAL Call — The Beat Was A Tariff Refund, Q2 FY2027
Best Buy Co., Inc. (BBY) Q2 FY2027 — The stock fell 4.4% on the print even though it beat and raised guidance — and every analyst who covered it raised their price target anyway. Best Buy beat its adjusted EPS bar and raised full-year guidance, but a $34 million Supreme Court tariff refund accounts for most of the earnings beat and the margin expansion — strip it out and the quarter missed. THE CALL: NEUTRAL (3/5, MODERATE) — base-case value ~$90 vs ~$90.27 today. KEY METRICS: - Revenue $9,779M, +3.6% YoY, ~$185M above consensus - Comparable sales +4.1% enterprise, +4.5% Domestic - Adjusted diluted EPS $1.47 vs a $1.39 bar (+15% YoY); GAAP diluted EPS $1.48 (+70% YoY) - $...
MTRX Stock: Matrix Service Q4 FY2026 Earnings -- Profitable Again, Book-to-Bill Just 0.7x
Matrix Service Company (MTRX) Q4 FY2026 — Shares fell about 2.9% in the session after the print, from $10.86 to $10.55. Matrix Service posted its second straight profitable quarter, grew revenue 13%, and carries zero debt -- but company-wide book-to-bill was just 0.7x, and the stock fell anyway. THE CALL: BUY (3/5, MODERATE) — base-case value ~$12.50 vs ~$10.55 today. KEY METRICS: - Q4 revenue $244.5M, +13% y/y, highest quarterly revenue in six years - Q4 net income $1.142M, $0.04 diluted EPS (vs. $(11.272)M loss a year ago) - Adjusted net income $4.6M, $0.16 adjusted diluted EPS; adjusted EBITDA $6.3M - FY2026 revenue $873.6M; FY2026 GAAP diluted EPS $(0.09); adjusted EPS $0.26 - Tota...
MTRX Stock: Matrix Service Q4 FY2026 Earnings -- Profitable Again, Book-to-Bill Just 0.7x
Matrix Service Company (MTRX) Q4 FY2026 — Shares fell about 2.9% in the session after the print, from $10.86 to $10.55. Matrix Service posted its second straight profitable quarter, grew revenue 13%, and carries zero debt -- but company-wide book-to-bill was just 0.7x, and the stock fell anyway. THE CALL: BUY (3/5, MODERATE) — base-case value ~$12.50 vs ~$10.55 today. KEY METRICS: - Q4 revenue $244.5M, +13% y/y, highest quarterly revenue in six years - Q4 net income $1.142M, $0.04 diluted EPS (vs. $(11.272)M loss a year ago) - Adjusted net income $4.6M, $0.16 adjusted diluted EPS; adjusted EBITDA $6.3M - FY2026 revenue $873.6M; FY2026 GAAP diluted EPS $(0.09); adjusted EPS $0.26 - Tota...
American Outdoor Brands (AOUT) Jumped 44.66% — But Organic Growth Was Only 4.3%
American Outdoor Brands, Inc. (AOUT) Q1 FY2027 — Net sales $37.254M (+25.4% headline, but +4.3% organic once a $6.0M prior-year order pull-forward is backed out). Gross margin 53.0% vs 46.7% (+630 bps). GAAP net loss narrowed to $(1.528)M from $(6.829)M. Non-GAAP swung to net income of $415K from a $(3.305)M loss. Adjusted EBITDA swung to $1.159M from $(3.116)M. FY2027 Adjusted EBITDA guidance RAISED to $14.5M-$17.5M. And the stock jumped 44.66% the next session, from $10.01 to $14.48. American Outdoor Brands posted a beat-and-raise quarter and the stock went up 44.66% in one session on nearly 100 times normal volume. But the headline 25.4% sales growth hides a catch straight from the co...
GASS Stock: StealthGas Trades At Half Its Own Book Value (Q2 2026)
StealthGas (GASS) Q2 2026 — Shares closed down 1.7% to $9.33 the session the print landed. StealthGas's own vessels, at their own depreciated book value, are worth almost three times what the stock market pays for the entire company once you back out its cash. At $9.33 a share the company carries $19.55 of book value, zero bank debt, and $168.3 million of cash and short-term investments. The Q2 print adds another $17.3 million of profit to a balance sheet the market still will not touch, even as the fleet keeps shrinking. THE CALL: BULLISH (2/5, LOW-MODERATE) — base-case value ~$10.90 vs ~$9.33 today. KEY METRICS: - Revenue $42.9M, -9.1% YoY, flat QoQ...
REX Stock Q2 2026: REX American Resources Earnings - Record EPS, Zero Extra Gallons Sold
REX American Resources Corporation (REX) Fiscal Q2 2026 — Fiscal Q2 2026 (13 weeks ended July 31; the 8-K hit EDGAR at 09:44 ET on Wednesday September 2, a before-the-open print, so September 2 is the reaction session): diluted EPS $1.06 vs $0.22 a year ago, gross profit $53.3 million vs $14.3 million. The stock opened $39.99, a 4.76 pct gap down from the $41.99 prior close, then reversed intraday to close $42.80, up 1.93 pct on the session. REX American Resources just posted the best earnings per share in its history and sold exactly as much ethanol as it did a year ago - 70.6 million gallons both quarters, not one gallon more. Nearly half of the $39.0 mi...
