Earnings Callouts – Week of October 13th (ACI, IBKR, IIIN, JBHT, LBRT, SCHW)
Albertsons (ACI) | Commentary via Telsey analyst Joseph Feldman:
“Albertsons reported better-than-expected 2Q25 results—unadjusted ID sales of 2.1% (adjusted ID sales, ex-Colorado labor strikes, of 2.2%) vs. our forecast of 2.0% and the FactSet consensus (FS) of 2.1%, and adjusted EPS of $0.44 vs. our inline estimate of $0.40. The performance reflects continued strong growth of digital (+23%) and pharmacy (+19% in 2Q25), as well as ongoing sequential improvement in core grocery units (still down), and strong execution of its Customers for Life strategy. Albertsons continues to see customers seeking value, as evidenced by greater use of coupons and promotions, trade down in select categories, and increased demand for own brands. To support growth, Albertsons continues to sharpen prices, offer relevant promotions, increase convenience, expand own brands (25.5% of sales; targeting 30%), and improve engagement and communication.”
Interactive Brokers (IBKR) | Commentary via Piper Sandler analyst Patrick Moley:
“Much of the recent growth in prediction markets has come from sports-related event contracts, something ForecastEx has shied away from historically. However, on today’s call, management said they are waiting for the resolution of legal challenges from certain states (related to whether sports event contracts constitute sports gambling) before launching an offering. In the meantime, ForecastEx will focus on contracts related to climate, elections, and economic indicators. Management also mentioned IBKR would be looking to expand ForecastEx’s reach into new brokers (currently connected to Robinhood) in order to grow the platform, but emphasized efforts to grow the product through IBKR’s platform itself as well.”
Insteel Industries (IIIN) | Commentary via Sidoti analyst Julio Romero:
“Strong activity levels that began in early F2025 held steady through the fourth quarter, despite macroeconomic indicators not reflecting a comparable level of strength. While IIIN’s business model inherently only has limited demand visibility beyond a few weeks, management notes that the confidence level of customers remains high, and interactions with customers leads it to believe positive business conditions should continue through calendar 2026. Data centers and infrastructure projects remain the key offsets to residential and commercial softness, and conviction around this dynamic appeared to strengthen this quarter as IIIN cited “project-related businesses” that it is quoting prices for months in advance. Lastly, raw material constraints appear to have largely stabilized, through substantial offshore purchases made in 4Q:F25 that will result in elevated inventory levels through 2Q:F26.”
J.B. Hunt Transport (JBHT) | Commentary via Truist analyst Lucas Servera:
“From a freight market perspective, management acknowledged that capacity is tightening in parts of the trucking ecosystem. In particular, JBHT confirmed that state-level actions (following a federal mandate) pausing or revoking CDL licenses for non-citizen drives are effectively constraining available capacity and driving spot rates higher – a dynamic that we recently noted in our 3Q earnings preview (link here ). We believe that if this dynamic persists it could have the ability to accelerate carrier exits and balance supply/demand within the truckload market, consequently leading to higher truckload spot rates and more profitable operations for carriers and brokers.“
Liberty Energy (LBRT) | Commentary via Stifel analyst Stephen Gengaro:
“The company highlighted expectations for exceeding 1 GW of power generation capacity by the end of 2027 from 400 MW previously, and noted continued traction with customers pursuing energy solutions. Management noted growing interest and “customer conversions” within its power pipeline driven by continued demand from large power consumers. It noted it “is in close engagement with potential customers with large, highly transient power demand.“
Charles Schwab (SCHW) | Commentary via Morgan Stanley analyst Michael Cyprys:
“Headline NNA (Net New Assets) of $134.4B was 2% above MSe of $131b and 11% above cons of $122b. Annualized organic growth rate of 5.0% represents a return to management’s 5-7% long term NNA target. This was helped by strength across both retail and RIA channels, and management noting Ameritrade clients are now fully integrated into the broader platform and no longer a detractor to growth (as it was during the integration phase). While Ameritrade clients are growing slower than legacy SCHW customers, mgmt sees an opportunity for growth to converge with higher/better growth over time from the Ameritrade customer.”