The Market Wrap.

At a glance: No S&P 500 names report today — a quiet midweek pause after Monday's seven-name slate, where Constellation Energy and NRG Energy both jumped double digits on data-center power beats, and Tuesday's in-line print from TransDigm, scored below. The next print lands Thursday after the close, when Cisco and Applied Materials headline.

Scorecard — reported since we last wrote

TransDigm was the only name on yesterday's slate, and it landed squarely in line with consensus on EPS while beating on revenue — a quiet print for a stock that has recently delivered sharper surprises.

TransDigm's $12.44 came in in line with the $12.21 consensus (a 1.9% surprise, inside the band that counts as a beat), while revenue of $2.99B topped the $2.95B estimate by 1.4%. Reported EPS grew 15.0% YoY. Shares added just 0.6% in the regular session — a muted reaction consistent with a print that cleared the bar without surprising it; the quarter's own margins aren't out yet, so there's no fresh read on gross or net margin this time.

EPS surprise and Rev. surprise = reported figure against the consensus we flagged in that edition; shown in grey, and read as in line rather than as a beat or a miss, inside ±2% on EPS and ±0.75% on revenue. EPS YoY = reported EPS against the same quarter a year earlier, as a percentage difference; “—” where that quarter was a loss or has no comparable figure. GM / NM = gross and net margin in the quarter just reported, computed from its income statement, with the move against the previous quarter underneath in percentage points (pp); “—” where the quarter's statement is not out yet, and gross margin is “—” for banks and insurers, which report no gross profit. Reaction = the report-day session move; for after-close reporters whose next regular session has not traded yet, the post-market move on the report date, marked “AH”.
CompanyTimeEPS actualEPS surpriseEPS YoYRev. actualRev. surpriseGM / NMReaction
TransDigm Group TDG
Pre-open$12.44+1.9%+15.0%$2.99B+1.4%—+0.6%

Rest of the week

Thursday closes out the week with Cisco and Applied Materials, both reporting after the close. Cisco's $1.33 consensus implies 33.0% YoY growth against a 9.0% implied move; Applied Materials' $4.06 consensus implies a steeper 87.1% YoY gain against an 8.5% implied move, the larger of the two prints by that measure.

Yr-ago EPS = EPS in the same quarter a year earlier, for reading consensus against a like-for-like base. Implied move = the move the options market is pricing for the print, from the at-the-money straddle at the first expiry on or after the report date; quoted for the largest names each day, “—” elsewhere. Where that expiry is more than a week out, a note says so — the figure then spans those extra weeks rather than the print alone.
DayCompanyTimeCons. EPSYr-ago EPSImplied move
Thursday Nov 12
Cisco CSCO
After-close$1.33$1.009.0%
Applied Materials AMAT
After-close$4.06$2.178.5%

Informational only — not investment advice. Figures are consensus/estimates and option-implied values from public sources and may be revised.

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