Stantec (STN) Reports Q3 Earnings in Line with Expectations
Earnings Performance: Stantec (STN) reported quarterly earnings of $1.11 per share, matching expectations, and showing an increase from $0.95 per share a year ago, while revenues of $1.24 billion fell short of estimates.
Stock Outlook: Despite a 37.5% increase in shares this year, Stantec's unfavorable earnings estimate revisions have resulted in a Zacks Rank #4 (Sell), indicating potential underperformance in the near future.
Industry Context: The Consulting Services industry, to which Stantec belongs, is currently ranked in the top 21% of Zacks industries, suggesting a favorable environment for stocks in this sector.
Upcoming Reports: Sprinklr (CXM), another company in the Zacks Business Services sector, is set to report its quarterly earnings soon, with expectations of a slight decline in earnings year-over-year.
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- Options Exercise and Increase: Sprinklr Director Yvette Kanouff exercised options on December 8 and 9, 2025, acquiring 157,389 shares; despite selling some, her total holdings increased to 142,611 shares, indicating confidence in the company's future.
- Stock Performance Decline: Since its IPO, Sprinklr's stock has fallen approximately 55%, with a further 9% drop in 2025 and an additional 6.8% as of January 13, 2026, reflecting market concerns over its performance.
- Deteriorating Financials: The company reported a 77% decline in net income to $2.9 million in Q3 2026 compared to the previous quarter, and is on track for lower net income than FY 2025, highlighting significant profitability challenges ahead.
- Executive Changes and Market Reaction: Despite leadership changes, Wall Street remains neutral on Sprinklr, with future performance improvements still uncertain, indicating cautious sentiment regarding the company's strategic adjustments.

- Insider Sale: Sprinklr Director Yvette Kanouff executed a direct sale of 157,389 shares on December 8 and 9, 2025, totaling approximately $1.23 million, which reduced her direct holdings by 39.61% to 239,928 shares, representing 0.0950% of the company's outstanding shares.
- Transaction Mechanism: The sale was triggered by the conversion of Class B common stock into Class A common stock, followed by an open-market sale without indirect accounts or trusts, potentially indicating a shift in executive confidence regarding the company's future.
- Market Performance: Sprinklr's stock experienced a second consecutive year of decline in 2025, with a 9% drop for the year and an additional 6.8% decrease as of January 13, 2026, reflecting market concerns about the company's profitability outlook.
- Financial Status: Although Kanouff sold shares, her total holdings actually increased post-transaction, suggesting confidence in the company's long-term prospects; however, the latest earnings report indicated a 77% drop in net income from the previous quarter, leaving future performance uncertain.
- Share Acquisition: Eric Fier purchased 7,387,000 Common Shares of Canex through a private placement, representing a 4.42% stake for a cash consideration of $1,108,050, demonstrating his confidence in Canex's future prospects.
- Increased Ownership: Following this transaction, Fier's ownership rises from 5.58% to 10%, which not only enhances his control over the company but may also influence Canex's shareholder structure and decision-making processes.
- Clear Investment Intent: Fier indicated that this acquisition is for investment purposes, with potential plans to further adjust his stake in Canex, reflecting his adaptability to market dynamics.
- Compliance with Disclosure Regulations: This transaction complies with National Instrument 62-103's early warning system requirements, ensuring transparency and maintaining market fairness, thereby enhancing investor trust in Canex.
- Insider Sale: On December 16, 2025, Sprinklr CEO Rory Read sold 68,673 shares for approximately $534,276, representing 3.6% of his direct holdings, indicating a cautious approach to market conditions.
- Ownership Status: Post-sale, Read retains 1,810,613 shares, reflecting his confidence in the company's future, although the sale suggests reduced available capacity after prior disposals.
- Market Performance: Despite Sprinklr's revenue reaching $219.1 million in Q3 2023, a 9% year-over-year increase, its stock price has steadily declined over the past few years, indicating market skepticism regarding its AI capabilities.
- Investor Sentiment: While Read's sale does not imply a deterioration in the company's fundamentals, Sprinklr's P/E ratio has significantly decreased since early 2025, prompting investors to carefully consider whether to increase their positions at this time.
- Insider Sale: Sprinklr CEO Rory Read executed an open-market sale of 68,673 shares valued at approximately $534,275, reducing his direct holdings by 3.6%, indicating a cautious stance on the company's stock.
- Post-Transaction Holdings: After the sale, Read retains 1,810,613 shares worth about $14.21 million, suggesting he still has confidence in the company's future despite the sale.
- Market Performance: As of December 16, 2025, Sprinklr shares closed at $7.85, with a trailing one-year total return of -13.85%, reflecting a disconnect between market hype around AI and actual stock performance.
- Financial Growth: Despite the lackluster stock performance, Sprinklr reported third-quarter revenue of $219.1 million, a 9% year-over-year increase, with fourth-quarter projections indicating continued sales growth, showcasing the company's resilience in revenue generation.

- Executive Appointment: Sprinklr announced that Michele Meyers will join as Chief Accounting Officer effective January 5, 2026, overseeing all accounting operations and financial reporting, which aims to enhance the company's financial compliance and operational efficiency.
- Extensive Experience: With over 20 years in public company accounting and SEC reporting, Michele previously served as Chief Accounting Officer at Coursera, where she drove operational excellence and cost efficiencies, showcasing her ability to lead through complexity.
- Strategic Importance: Her appointment is seen as a pivotal step for Sprinklr to strengthen its financial functions during its transformation journey, expected to support long-term success through process optimization and team building.
- Industry Impact: Sprinklr's Unified Customer Experience Management platform is utilized by over 1,900 enterprises, including Microsoft and P&G, and Michele's leadership is anticipated to further enhance the company's competitiveness in a rapidly evolving market.







