Research Notes

Encompass Health brings broad growth and two new hospitals into its October update, where labor discipline and cash conversion move into focus.

Waste Connections paired a stronger quarter with pricing-led margin resilience, while soft unit volume and cash conversion leave little room for error.

Pegasystems pairs strong cloud growth and backlog with slower total growth, weaker cash conversion and unresolved litigation after third-quarter results.

TotalEnergies approaches its October update with broad production and cash flow signals, while durability and working capital remain the key tests.

Twilio enters its October 29 update with faster organic growth, stronger customer expansion and a clear test of profit and cash-flow durability.

United Rentals’ October 21 results will test whether rental growth and fleet productivity can translate into cleaner margins and durable cash generation.

RingCentral’s October 22 update will test whether subscription revenue, paid AI adoption, operating margins, and cash generation can move together.

Abbott’s October 21 results will test whether medical-device strength can outweigh uneven segments, acquisition costs, leverage and legal exposure.

Newmont enters its October 22 update with strong cash generation, rising capital intensity, and a crucial test of production, costs, and guidance.

Moderna’s Phase 3 melanoma study met two key endpoints, but the October 24 data must clarify effect size, durability, safety, and next steps.