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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TSCO Stock: Sales Recover, but Who Funds the Returns? | Q3 2026
Tractor Supply Company (TSCO) Q3 2026 — Revenue improved while nine-month cash after gross investment fell short of dividends and buybacks. Tractor Supply reported 5.1% sales growth but weaker operating profit in Q3 2026. Hudson and Lana examine comparable transactions, inventory, property gains, capital spending and the financing behind shareholder returns. Nine-month conventional free cash flow was $231M against $720M of dividends and repurchases. Price basis: $33.42 at the October 23, 2026 close. The packet distinguishes GAAP and adjusted guidance, property proceeds and recurring operating cash. THE CALL: HOLD (3/5, MODERATE) — base-case value ~$32.00 vs ~$33.42 today. KEY METRICS: - Q3 revenue $3.910B; +5.1% year-over-year - Comparable sales +0.4%; ticket +0.7%, transactions −0.3% - GAAP o...
PCG Stock: Guidance Stands. Can the Funding Follow? | Q3 2026
PG&E Corporation (PCG) Q3 2026 — Reference price $12.63 at the October 23, 2026 completed close; historical price changes exclude dividends. PG&E reaffirmed core earnings guidance while cutting its 2027 capital plan. We separate parent cash flows from Utility results, examine wildfire and regulatory conditions, and test the common shareholder claim. THE CALL: HOLD (3/5, MODERATE) — Analyst fair-value anchor ~$14 vs ~$12.63 at the October 23, 2026 close. KEY METRICS: - Q3 parent revenue $6.188B; core EPS $0.41 versus $0.50 and GAAP diluted EPS $0.34 versus $0.37. - 2026 core EPS guidance $1.64–$1.66; 2027 $1.78–$1.82; issuer non-GAAP forward measures without quantitative GAAP reconciliation. - Parent nine-month OCF $5.840B minus cash capex $9.621B = computed FCF −$3.781B. - 2027 capital plan reduc...
WDC Stock: Record Margins, but Who Keeps the Cash? | Q1 FY2027
Western Digital Corporation (WDC) Q1 FY2027 — Hard-drive margins surged while investment and convertible dilution complicated the per-share cash story. Western Digital reported exceptional HDD revenue, margins and cash generation in Q1 FY2027. Hudson and Lana examine pricing, customer concentration, reinvestment, convertible claims and three valuation routes. Price basis: $343.67 at the October 23, 2026 close. Historical continuing HDD income is distinguished from older consolidated cash flows that include discontinued Flash operations. THE CALL: HOLD (3/5, MODERATE) — base-case value ~$350.00 vs ~$343.67 today. KEY METRICS: - Revenue $4.381B; +55.5% reported YoY - GAAP gross margin 57.84%; operating margin 46.70% - GAAP diluted EPS $4.63; adjusted EPS $4.64 - Operating cash $1.604B; capex $227M; c...
CCI Stock: Per-Share Gains. Can the Towers Turn? | Q3 2026
Crown Castle (CCI) Q3 2026 — Reference price $85.28 at October 23, 2026 19:29:38 UTC; this is an intraday snapshot, not a closing price. Crown Castle’s AFFO per share improved while site rental revenue and adjusted EBITDA declined. We separate the financing and share-count benefits from leasing momentum, reconcile continuing cash after the fiber disposal, and test what the price requires. THE CALL: HOLD (3/5, MODERATE) — Analyst fair-value anchor ~$87 vs ~$85.28 at the October 23 intraday snapshot. KEY METRICS: - Q3 site rental revenue $966M, down 4.5%; adjusted EBITDA $673M, down 6.3%. - Q3 AFFO $530M and $1.24 per share, up 8.2% and 10.7%; issuer non-GAAP measures. - 9M continuing OCF $1,145M = $1,253M total...
FIX Stock: A Billion in Cash—and the Work Still Owed | Q3 2026
Comfort Systems USA (FIX) Q3 2026 — Quarterly operating cash topped $1 billion, while customer funding and capacity spending complicated the cash-conversion story. Comfort Systems USA reported strong Q3 2026 revenue, profits and backlog. Hudson and Lana examine the customer advances behind the cash inflow, the capital investment needed to deliver the work, and three valuation routes. Price basis: $1,160.41, saved October 23, 2026 at 19:29:35 UTC, intraday; not the session close. THE CALL: HOLD (3/5, MODERATE) — base-case value ~$1100.00 vs ~$1160.41 today. KEY METRICS: - Revenue $3.766B, +53.7% year over year - Diluted EPS $13.91, +68.6% - Operating margin 16.58% - Operating cash $1.010B; capital spending $210.6M - Conventional FCF $799.5M; issuer FCF $805.6M incl...
TTMI Stock: Earnings Surged. Can Cash Catch Up? | Q3 2026
TTM Technologies, Inc. (TTMI) Q3 2026 — Shares closed at $73.89, down 27.7% from the prior close. Reported profit accelerated, but net investment absorbed most nine-month operating cash. We test cash conversion and acquisition financing, distinguish the pre-Epiq balance sheet from post-close leverage, and keep mature owner-cash assumptions separate from guidance. THE CALL: HOLD (3/5, MODERATE) — Analyst base-case value ~$95 vs ~$73.89 at the October 22 close. KEY METRICS: - Q3 revenue $1.204B, up 59.9%; total growth is not an organic-growth measure. - Q3 GAAP EPS $0.79 versus adjusted EPS $1.46. - Q3 free cash flow $74.8M; nine-month free cash flow $35.7M, using issuer net capex. - September 28 net debt $767.5M prec...
SAP Stock: Cloud Growth Is Strong. Where Is the Owner Cash? — Q3 2026
SAP SE (SAP) Q3 2026 — Shares rose 3.38% to $240.59 on October 22, 2026. SAP cloud revenue grew strongly while IFRS cloud gross margin fell. We test whether contracts, delivery costs and capital allocation can support the durable owner cash embedded in the share price. THE CALL: HOLD (3/5, MODERATE) — base-case value ~$220.00 vs ~$240.59 today. KEY METRICS: - Revenue €10,270M; cloud €6,668M, +25% constant currency - IFRS operating profit €2,930M; non-IFRS €3,030M - IFRS basic EPS €1.96; diluted €1.94; non-IFRS basic €1.89 - IFRS cloud gross margin 73.9% versus 74.6% - Current cloud backlog €24,144M; +26% constant currency - Nine-month issuer FCF €7,968M; buybacks and dividends €7,007M What to watch: Comparable issuer FCF near the approximately €10B o...
CMCSA Stock: Peacock Turns Profitable, So Why Did Cash Fall? — Q3 2026
Comcast Corporation (CMCSA) Q3 2026 — Shares rose 3.44% to $22.84 on October 22, 2026. Peacock delivered its second profitable quarter on adjusted EBITDA, yet Comcast free cash flow fell 14.8%. We trace the residential margin tradeoff, required reinvestment and debt claim behind the apparent bargain. THE CALL: HOLD (3/5, MODERATE) — base-case value ~$23.00 vs ~$22.84 today. KEY METRICS: - Revenue $29,298M; -6.1% reported, +0.5% issuer pro forma year over year - Adjusted EPS $1.07; GAAP diluted EPS $0.97 - Issuer free cash flow $4,211M, down 14.8% - Peacock adjusted EBITDA $261M versus a $217M loss - Residential broadband net losses 144k; residential margin 35.9% - Net debt $79,770M; Q3 common-program buybacks suspended What to watc...
MXL Stock: Profit Arrives Before the Cash | Q3 2026
MaxLinear, Inc. (MXL) Q3 2026 — The saved October 22, 2026 15:00:01 CDT quote was $65.28, before the 15:05 CDT release. This reference is not an earnings reaction. The infrastructure ramp delivers GAAP operating profit, but wafer funding and working capital consume cash. We test whether growth can reward existing owners after compensation, financing and legal risk. THE CALL: SELL (3/5, MODERATE) — Analyst central value ~$44 vs ~$65.28 at the pre-release reference price. KEY METRICS: - Q3 revenue $218.057M; GAAP operating income $30.227M; diluted EPS $0.30; adjusted EPS $0.62 - Operating cash flow −$13.590M; PP&E $5.940M; calculated conventional FCF −$19.530M - Infrastructure revenue $124.907M; 92.3% of total incremental year-over-year sales - Unrestricted cash $81...
SCCO Stock: The Nine-Cent Copper Cost Has a Catch | Q3 FY2026
Southern Copper Corporation (SCCO) Q3 FY2026 — The saved October 22, 2026 13:55:18 CDT intraday quote was $182.91. Release timing is unconfirmed; this is not a closing price or an isolated earnings reaction. Record profits meet rising gross costs: by-product credits offset 96.1% of the gross cash-cost measure. We test the durability of owner cash and the price paid for future growth. THE CALL: SELL (3/5, MODERATE) — Analyst central value ~$130 vs ~$182.91 at the dated intraday quote. KEY METRICS: - Q3 sales $4,696.6M (+39.1% YoY); attributable net income $1,801.8M; diluted EPS $2.15 - Gross cash cost 245.5 cents/lb; by-product credits 236.0 cents/lb; net cash cost 9.5 cents/lb - Mined copper 232,396 tonn...
