Earnings Review · 04 November 2026
The print
Revenue $51.99B. EPS $26.93 vs $26.00 expected.
What changed versus going in
Earnings came in at $26.93 a share against $26.00 expected, a beat of 4% (+$0.93 a share). Revenue of $51.99B compares with $43.80B expected, 18.7% above consensus.
Did the flow confirm the move?
Underlying money flow reads as accumulation (21-day Chaikin Money Flow +0.15, five-day price change -2.7%, as of 2026-10-30, desk flow model).
Give the business its due
The business itself is genuinely strong: revenue growing about 54%, net margins near 6%, a weak competitive moat, backed by a 42% return on equity.
Levels that matter
At $430.39 the shares sit 13% below the 52-week high of $493.98 and 166% above the low of $161.93 (81% of the way up the range). The 50-day average is $409.30, below the price. The 200-day average is $269.53, below the price.
The valuation lens
The shares trade about 14% below our fair-value estimate: a modest cushion. Fair value lands near $490 against a $430.39 share price, a margin of safety of about 14%. The trailing multiple sits around 15 times earnings, which only makes sense if the growth holds.
The ethical lens, our differentiator
The two standards split: it clears the faith-based (AAOIFI) screen but not our broader anchor screen. We default to protection and do not call it compliant on a divergence.
The compliant alternative
If the theme is what draws you, HF Sinclair Corp (DINO) sits in the same industry (Oil & Gas Refining & Marketing) and clears our principled screen, the place to look instead of chasing a name that does not.
The verdict for a values-conscious investor
A beat-and-raise does not change the screen. This is a great company you can admire without owning, protection first. One quarter, strong or soft, does not decide whether a holding is suitable.
This is analysis, not financial advice. Always manage your risk.
