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 Monday Pre-Market Earnings Preview: Lithium Argentina, Ballard Power, Franco-Nevada & More

Investors will face a flood of corporate earnings news before Monday’s market open, with companies from mining to tech reporting their quarterly results. Notable names include Lithium Argentina (LAC), Ballard Power Systems (BLDP), Franco-Nevada (FNV), Perion Network (PERI), and Monday. (MNDY).seekingalpha. These releases will set the tone for U.S. markets. Below we preview the major reports, analyst expectations and how markets might react.

Most of these firms will announce Monday morning, pre-market, meaning results drop before trading begins. That pre-open release can spark early volatility: stocks often gap up or down sharply on earnings surprises. For example, Franco-Nevada’s recent record quarter sent its shares higher, while AAON’s miss sent it lower. We list the top companies reporting Monday morning and highlight what to watch:

• Lithium Argentina (NYSE: LAC) – A lithium producer riding the EV boom.

• Ballard Power Systems (NASDAQ: BLDP) – Hydrogen fuel cell developer.

• Franco-Nevada (NYSE: FNV) – Leading gold streaming and royalty company.

• Perion Network (NASDAQ: PERI) – Digital advertising and marketing tech firm.

• monday.com (NASDAQ: MNDY) – Cloud work-management software provider.

(Other firms reporting Monday include AAON, Barrick Mining (B), Owens & Minor (OMI), Rumble (RUM), Telephone & Data (TDS) and moreseekingalpha.

Lithium Argentina (LAC): Lithium Mining and Prices

Business: Lithium Argentina owns a large lithium brine mine (Cauchari-Olaroz). Its profits hinge on lithium prices (volatile) and production volumes. With growing EV demand, lithium stocks have traded up this year – but prices have slipped.

What to Watch: Investors will check Q2 production and sales. For Q2, Lithium Argentina produced 8,500 tones of lithium carbonate and generated about $64.0 million in revenue That was up 18% in output year-over-year but still translated to a net loss of $4.1 million (compared to a $2.2M net profit a year ago) The loss was due largely to lower lithium prices and one-time costs.

Analyst Expectations: Street forecasts for LAC were modest – analysts expected roughly break-even earnings or a small loss. Bloomberg consensus (FactSet) had projected around $0.00/share EPS for Q2. Key metrics include average realized price per tonne; in Q2 it was about $7,400/tonne well below peaks. Investors will note the gap between current prices and the company’s cost structure.

Market Reaction: Lithium Argentina’s stock could move sharply depending on whether volume and pricing beat or miss expectations. If LAC reports revenue or production above estimates, the stock could pop; a further loss might pressure it. Watch global lithium spot prices and any guidance on output or costs. A silver lining: Lithium Argentina said cash operating costs dropped 8% vs. last year, so management will emphasize cost control.

• Key stat: Q2 revenue was $64.0M (down from $70M yoy)

• Key stat: Q2 net loss –$4.1M (EPS –$0.03) versus prior-year $2.2M profit

Investor Takeaway: This report will test how much lithium price weakness has hurt LAC. If production keeps growing but prices fall, margins suffer. Conservative traders should note the slim margins – a large earnings miss could lead to a steep stock drop (as has happened in other lithium miners). Long-term bulls may hold out for news on project expansions or higher future prices.

Ballard Power Systems (BLDP): Fuel Cell Recovery

Business: Ballard Power develops hydrogen fuel cells used in buses, trucks, and trains. Recently it announced a major restructure (cutting costs ~30%) to move toward profitability by 2027Its markets are nascent, but Ballard has a $550M cash cushion to weather short-term losses.

What to Watch: Ballard’s Q2 results should show whether revenues are rebounding and losses shrinking. In Q1 Ballard had reported sales around $16M. The Q2 PR shows $17.8 million in revenue (up 11% YoY) PRNewswire. Reflecting more fuel cell deliveries to transit customers. Gross margin improved sharply to –8% (vs. –32% year ago) after cost cuts and lower overhang provisions PRNewswire. However, the company still posted a net loss of $24.3 million PRN in Q2, due to restructuring charges.

Analyst Expectations: On earnings calls, analysts expected Ballard to lose slightly less than $0.10 per share. Indeed, Ballard earned about –$0.08 EPS on an adjusted basis, slightly better than a –$0.09 forecast (an 11% “positive surprise” on EPS). Revenue of $17.8M was slightly below the ~ $18.9M consensus, but management emphasized that deliveries are returning to normal. Watching forward guidance or updates on cost cuts will be key.

Market Reaction: Fuel cell stocks are sentiment-driven. A strong revenue beat or narrower loss could boost BLDP, while any hint of slowing adoption would hurt. Investors will likely focus on Ballard’s updated outlook: management expects the majority of restructuring charges in Q3, with benefits showing in 2026. The large cash balance ($550M) gives some comfort – Ballard is well funded for now.

• Key stat: Q2 revenue $17.8M (+11% YoY)

• Key stat: Q2 net loss –$24.3M (–$0.24/share)

Investor Takeaway: Success hinges on Ballard’s growth markets (buses, forklifts, marine). Watch for upward pressure on sales from new customer contracts (e.g., recent record marine order). Traders should be cautious: even with rising sales, Ballard remains unprofitable. Some investors may look to buy the dip if Ballard misses (anticipating later profit turnaround), but beware that hydrogen fuel cells are a long-term play – near-term volatility is high.

Franco-Nevada (FNV): Gold Streaming Giant

Business: Franco-Nevada is a leading royalty and streaming firm focused on gold and other preciou It receives fixed payments from mines in exchange for royalties on production. Because of its high-margin business model and diversified portfolio, Franco often reports strong cash flow, even if metal prices fluctuate.

What to Watch: Franco-Nevada beat estimates handsomely last quarter. In Q2 2025 it reported record revenue of $369.4 million (up 42% YoY), driven by higher gold prices and acquisitions. Net income surged 211% to $247.1 million ($1.28 per share), marking all-time highs, according to franco-These were well above consensus. Key drivers were contributions from new assets (like its royalties on Goldcorp’s Borden mine) and higher metals prices (gold, copper). Investors will check if record performance continues into Q3.

Analyst Expectations: Before the report, analysts expected Franco to earn around $1.13/share on ~$324M revenue (FactSet consensus). Franco beat on both countsfranco-nevada Street estimates for Monday’s release likely projected continued strong growth (year-over-year). Consensus analyst forecasts for Q2 EPS were $1.13, while Franco-Nevada delivered $1.28, f-n reports. Any forward guidance for gold production (GEOs) will be watched.

Market Reaction: Franco’s stock often moves more on gold prices than earnings surprises, but last quarter’s blowout results did buoy the shares. With gold near all-time highs (over $3,400/oz recently), expect Franco to benefit. Traders will look for management commentary on commodity trends and new deals (e.g. the recent AngloGold Arthur acquisition). Even if FNV’s results merely meet high expectations, analysts see it as a defensive play – strong cash flow provides steady dividend ($0.38 quarterly) and buybacks.

• Key stat: Q2 revenue $369.4M (record high, +42% YoY)

• Key stat: Q2 net income $247.1M ($1.28/share, +211% YoY)

Investor Takeaway: Franco-Nevada’s results rank as arguably the strongest in the group. It underscores the gold rally and Franco’s asset pipeline. For long-term investors, FNV remains a leader in precious metals exposure – focus on dividend growth and drilling results at partner mines. Near-term traders should still be aware that if gold takes a breather, even Franco could pull back. But in a market where recession fears loom small, many see gold stocks as a safety hedge.

Perion Network (PERI): Digital Advertising

Business: Perion Network is an advertising technology company that combines search, digital display, mobile apps and CTV (connected TV) ad platforms. It has diversified revenue streams, but U.S. search ad cuts (like Microsoft/Bing changes) hit it last year. Perion has been pivoting towards higher-growth areas like CTV and DOOH (digital out-of-home).

What to Watch: The Q2 results will reveal if Perion’s turnaround is on track. In Q2, Perion’s revenue was $103.0 million, down 5% from $108.7M a year agoperion.cm. The decline reflects a 35% drop in search-ad revenue (after Microsoft changed Bing) offset partly by 8% growth in “Advertising Solutions” (driven by DOOH and other segments). Importantly, Perion’s GAAP net loss narrowed significantly: –$3.5M in Q2 vs –$6.2M in Q2 2024, thanks to cost control. Adjusted EBITDA actually improved.

Analyst Expectations: Analysts had mixed forecasts – roughly flat to slightly positive EPS was expected. The company’s results are close to estimates: consensus had revenue ~$104M, so the 5% drop likely met expectations. Investors will focus on management’s outlook. Notably, Perion reiterated 2025 guidance (full-year revenue $430–450M, implying flat growth). Also watch commentary on Microsoft Bing traffic (still a drag) and CTV adoption.

Market Reaction: Perion’s share price tends to react more to guidance and macro ad trends than quarterly swings. If Perion provided optimistic commentary on CTV / DOOH growth, its stock could rally. Conversely, any further cuts in search revenue could disappoint. The ongoing share buyback (Perion just repurchased $86.7M in 2025 to date) shows confidence – note management spent $33.4M in Q2 alone Perion.

• Key stat: Q2 revenue $103.0M (down 5% YoY)

• Key stat: Q2 net loss –$3.5M (versus –$6.2M prior year)

Investor Takeaway: This earnings report tests Perion’s transformation story. Long-term holders will look for signs that losses are truly abating and that new channels (CTV, apps) are gaining. Traders should watch the guidance: 2025 revenue expectation of $430–450M (flat YOY) was reiterated Perion. Market reaction may be muted unless Perion surprises on either direction; it’s no longer a high-growth tech stock, more of a modest grower with restructuring behind it.

monday.co (MNDY): Cloud Software Platform

Business: Monday offers a cloud-based work management platform (project management, CRM, etc.). It competes with Asana, Smartsheet, etc. It has been growing rapidly and recently added AI features. Investors watch it for revenue growth and operating leverage.

What to Watch:  Q2 (June quarter) results came out Monday morning. They show continued strong growth: revenue was $299.0 million (up 27% year-over-year) This handily beat the ~$293.7M consensus (a 1.8% beat). On profitability, the GAAP net income was just $0.03 per share, down from $0.29 last year-round, because of higher operating expenses and stock comp. non-GAAP net income came in at $1.13 per share, roughly unchanged from a year earlier, according to .. Management raised some expenses to hire sales staff, but free cash flow also grew to $64M. For Q3 2025, Monday. guided revenue of $311–313M (24–25% YOY growth). slightly below Street’s ~26% estimate.

Analyst Expectations: Analysts expected about $0.03 non-GAAP EPS (so Monday roughly met). The slight revenue miss on guidance caused the stock to dip: shares fell ~10% after hours on the news. Still, the 27% revenue growth beat was a positive surprise. Key metrics were strong: net dollar retention was 111%, and high-value customers grew 46% year-over-year-round.

Market Reaction: As a tech growth stock, Monday. is sensitive to guidance. Despite Q2 beat, the lowered Q3 guide sparked selling. Investors will now look at valuation: at these growth rates, MNDY is trading near its 52-week low. Short-term traders may use Monday. as an opportunity if broader tech confidence returns. For long-term holders, the story (expanding global customer base, adding AI) remains intact – focus on execution.

• Key stat: Q2 revenue $299.0M (+27% YoY)

• Key stat: Q2 GAAP EPS $0.03 (vs $0.29 prior year)

Investor Takeaway: Monday. earnings show the company still growing fast, but Wall Street is laser-focused on future growth rates. A slight guidance miss can hurt it in the short run. If you own MNDY, watch Q3 guidance closely and consider whether new AI-driven products (like “monday sidekick”) will drive the 24% growth it expects. For value investors, Monday. may look expensive at current prices (around 25x sales), so a dip could be a chance to buy if you believe in 20%-plus growth over the next few years.

Other Notable Earnings Before Monday’s Open

In addition to the above, several other mid-cap and smaller companies report pre-market Mondayseekingalpha. Below is a bullet summary of a few to watch:

• AAON (AAON): HVAC equipment maker. Analysts expected about $0.33 EPS This stock has underperformed lately; any guidance cut could push it lower.

• Barrick Gold (NYSE: ABX, symbol B): Major gold miner. Consensus was roughly $0.46 EPS Barrick will give clues on gold and copper output.

• Owens & Minor (NYSE: OMI): Healthcare supplies distributor. Expected ~$0.28 EPSA strong print could signal healthcare restocking.

• Rumble (NASDAQ: RUM): Video platform. Nascent company; CEO commentary (likely including purchase interest from big tech) will matter more than the number itself.

• Telephone & Data Systems (NASDAQ: TDS): Telecom utility. Expected EPS ~$0.01 Fixed line revenue trends and wireless subscriber additions are key.

• Dole plc (NASDAQ: DOLE): Fresh produce distributor. Watch margins and guidance in an agriculture products stock sensitive to commodity prices.

• Green Plains (NASDAQ: GPRE): Ethanol producer. Volatility-prone with oil/ethanol mix. Analysts forecast a loss (~–$0.33 EPS)

(This is not an exhaustive list. For a full earnings calendar, see our earnings season overview or specialized calendar toolsseekingalpha.)

Investors holding these stocks should prepare for volatility. Earnings season often sees 3–5% stock swings on beats/misses. Key things to look at in any earnings report include:

• Revenue vs. Estimates: Are sales trending above/below consensus? Positive top-line surprises often lead to rallies.

• EPS vs. Estimates: Even if revenue grows, missing on EPS can disappoint (due to costs or one-offs).

• Guidance: Many companies’ stock moves hinge more on future guidance than past results. Pay attention to any management comments on Q3 outlook or full-year forecasts.

• Analyst Commentary: Updates to earnings estimates or price targets by major analysts (e.g. Wedbush on AMC can also swing momentum.

Investors should use limit orders and set stop-losses around earnings dates to manage risk. Remember, earnings are often a short-term catalyst – focus on the fundamental trend and valuation after the dust settles. For example, Franco-Nevada’s stock moved modestly after its huge beat, since much of the information (high gold price) was already known. In contrast, unexpected misses—such as AAON’s ERP issues—can lead to sharper declines.

Analyst Expectations and Market Outlook

Broadly, Wall Street expects solid profitability this quarter, even if revenue growth has moderated. So far this earnings season, S&P 500 companies have been reporting aggregate EPS beats but more modest growth. For instance, FactSet notes aggregate EPS beats of about 8.4% above estimates (slightly below historical average)fact set. In that context, the companies above will be judged on both beat/miss and growth trends.

Given current market conditions (a late cycle economy with cooling inflation), analysts will be listening for forward-looking clues. Are companies issuing conservative guidance due to a slowing economy? Or are consumer and corporate customers still spending? For Monday’s reports:

• If economic uncertainty (trade wars, Fed policy, etc.) is mentioned on calls, market reaction may be muted.

• If companies raise forecasts or beat on key segments, tech and consumer stocks may extend recent rally.

• Conversely, any mention of a recessionary signal could spark broad selling. (Notably, just a small fraction of companies have mentioned “recession” on their calls this quarter, according to.)

On Monday morning, U.S. stock futures will open tentatively. European markets will already be open (though many companies report later in the week there). Asian markets are closed on Monday. U.S. futures as of Sunday night may give a clue: e.g., if futures are up, strong earnings could push indexes higher at open; if down, it might signal caution.

Investors should also keep an eye on economic news due Monday. U.S. industrial production or consumer confidence data, for instance, could add context. If macro readings disappoint, even good earnings may not lift markets much. Conversely, solid macro data could amplify positive earnings surprises.

Actionable Advice

To trade around these pre-market earnings:

• Enter/exit carefully: Use limit orders before the open. Overnight and pre-market quotes can be volatile.

• Wait for confirmation: If you don’t hold a position, consider waiting until after the first hour of trading on Monday. Many knee-jerk moves reverse as investors digest guidance.

• Diversify your risk: If you trade earnings, consider spreading positions. A nasty miss in one stock can wipe out gains.

• Watch related sectors: For instance, if Franco-Nevada beats, other gold stocks (Barrick, Newmont) might rally. If monday underwhelms, the whole SaaS sector could pull back slightly (as happened after Zoom’s miss last earnings season).

For more strategies, see our internal guides on “Navigating Earnings Season” and “Trading Earnings Reports Safely.” (Related articles: “Earnings Season Calendar and Strategies”, “How Analysts Forecast Earnings”.)

Conclusion

Monday’s pre-open earnings cover a diverse group: from lithium mining and gold royalties to cloud software and digital ads. The combined impact of these reports will likely move market indices at the open. Keep an eye on the key five companies (Lithium Argentina, Ballard, Franco-Nevada, Perion, Monday.) as bellwethers, but don’t ignore the others on the listseekingalpha.seekingalpha.

In summary: Analyst expectations are for mixed results – strong beats in precious metals (Franco), moderate growth in tech (Monday.), and ongoing struggles in energy/industrial (Lithium). Whatever unfolds, use prudent position sizing and focus on fundamentals.

Stay tuned to the market open on Monday: look for our recap post-earnings to see how these results played out and what they mean for the days ahead.