Key Highlights

  • RenaissanceRe's operating EPS of $12.71 beat the $10.41 estimate by 22.14% as screened, yet GAAP showed a $161.4 million net loss.
  • Sensata's adjusted EPS of $1.13 included a $24.0 million customer payment and was $0.97 without it.
  • Crane raised 2026 adjusted EPS guidance to $7.23 to $7.38 from $6.85 to $7.05.
  • ExlService raised full-year revenue guidance to $2.430 billion to $2.440 billion for the second time this year.
  • Teradyne's EPS of $2.29 topped the $2.15 high end of its July guidance.

Which Mid-Cap Reporters Posted Double-Digit EPS Beats on October 27, 2026?

Nine mid-cap companies reported on Tuesday, October 27 with EPS at least 11% above screened estimates. RenaissanceRe (NYSE:RNR) posted operating EPS of $12.71 against $10.41 (22.14% as screened) but a GAAP loss. Sensata (NYSE:ST) reported adjusted EPS of $1.13 against $0.96, Repligen (NASDAQ:RGEN) $0.53 against $0.46 (14.49%), Logitech International (NASDAQ:LOGI) $1.51 against $1.33 and Crane (NYSE:CR) a record $2.05 against $1.82 (12.81%). CoStar Group (NASDAQ:CSGP) earned $0.38 against $0.34 (11.97%), Commvault Systems (NASDAQ:CVLT) $1.38 against $1.24, Teradyne (NASDAQ:TER) $2.29 against $2.06 (11.17%) and ExlService (NASDAQ:EXLS) $0.62 against $0.56 (11.02%). Most raised guidance, though several beats carried one-off help or a GAAP gap.

RenaissanceRe: Why Did a GAAP Loss Sit Beside $12.71 of Operating EPS?

Operating EPS fell from $15.62, and GAAP showed a net loss of $161.4 million, or $4.02 per share, after $879.8 million of net realized and unrealized investment losses. The combined ratio rose to 79.7% from 68.4%, with three large loss events costing 9.3 points. Gross premiums written fell 9.5% to $2,104.0 million. Book value per share was $259.61, and the company repurchased $310.1 million of stock in the quarter. No numerical guidance was given.

Sensata: Did a $24 Million Termination Payment Flatter the Beat?

Adjusted EPS of $1.13 included a $24.0 million customer payment tied to a cancelled electric vehicle program and was $0.97 without it, still just above the $0.96 estimate. Revenue rose 7.7% to $1,003.6 million, or $979.6 million excluding the payment. Free cash flow rose 45.6% to $198.3 million, and net leverage fell to 2.1 times. Only fourth-quarter guidance was issued: revenue of $942 million to $972 million and adjusted EPS of $0.95 to $0.99.

Repligen: Does the Beat Survive a $41.2 Million Impairment?

Repligen supplies filtration and analytics products for biologic drugs. Revenue of $209.3 million rose 11%, and adjusted EBITDA reached $43.8 million at a 20.9% margin. A $41.2 million intangible impairment produced a GAAP loss of $0.68 per share. Guidance now calls for revenue of $844 million to $852 million and adjusted EPS of $2.05 to $2.09, including BioLife from its October 6 closing. Cash and marketable securities were $863 million.

Logitech: Did a Chip Supplier Disruption Overshadow the Gross Margin Beat?

Fiscal second-quarter non-GAAP EPS of $1.51 compared with $1.45 a year earlier, on net sales up 3% to $1,218.8 million. Non-GAAP gross margin rose 140 basis points to 45.2%. Third-quarter net sales are guided to $1,360 million to $1,430 million, a change of minus 4% to plus 1%, after an estimated $70 million to $80 million hit from a semiconductor supplier incident. Logitech returned $406 million to shareholders in the quarter.

Crane: Did a Record $2.05 Come With a Higher Outlook?

Net sales rose 28.1% to $754.6 million, with acquisitions adding 21.1 points and core growth 7.7%. The adjusted operating margin reached a record 22.5%, and backlog was $1,894.9 million. Guidance for 2026 adjusted EPS rose to $7.23 to $7.38 from $6.85 to $7.05. A purchase of Trillium Flow Technologies' U.S. water and wastewater pump business is expected to close in the fourth quarter, and the sale of a UK unit for 230 million pounds in early 2027.

CoStar Group: Why Did Adjusted EBITDA Double?

Revenue of $952 million rose 14%, and adjusted EBITDA doubled to $229 million, above the company's $190 million to $210 million guide. Residential adjusted EBITDA swung to $49 million from a loss of $69 million, while commercial was flat at $180 million. Full-year adjusted EBITDA guidance rose to $820 million to $840 million. The company agreed to buy Vexcel for about $730 million in cash, with closing expected in the first quarter of 2027.

Commvault: Why Is ARR Growth Slowing While Guidance Rises?

Commvault sells data protection and cyber resilience software. Revenue rose 13% to $312.4 million, and subscription ARR grew 20% to $1,103.9 million, a step down from 22% in the first quarter. Full-year ARR guidance still rose to $1,205 million to $1,215 million. Free cash flow was $70.9 million, and the company repurchased $107.7 million of stock in the quarter.

Teradyne: Did the Quarter Top Management's Own Guidance?

Teradyne supplies automated test equipment for semiconductors. EPS of $2.29 topped the $2.15 high end of July non-GAAP guidance, about 14.5% above the $2.00 midpoint (calculated), and revenue of about $1.31 billion exceeded the top of the $1.2 billion to $1.3 billion range. The record second quarter at $1,329 million of revenue, up 104%, set the baseline, and the third quarter held about 1.5% below it (calculated).

ExlService: Did a 19.7% Revenue Gain Beat Expectations?

Revenue rose 19.7% to $634.0 million, and data and AI-led revenue grew 36%, now almost two-thirds of the business. Guidance was raised for the second time this year, to revenue of $2.430 billion to $2.440 billion and adjusted EPS of $2.34 to $2.36. Borrowings rose to about $511.0 million after a new $1 billion credit facility, and shares outstanding fell to 151.0 million from 156.4 million at year-end.

Mid-Cap Beats Compared: Whose Surprise and Guidance Raise Were Largest?

Beyond the screened surprises, Sensata's EPS was about 17.7% above its estimate, Logitech's about 13.5% and Commvault's about 11.3% (calculated). On revenue, Crane's 28.1% growth sits 37.6 points above RenaissanceRe's 9.5% decline in gross premiums written (calculated), a premium measure rather than revenue.

On guidance midpoints, Crane's adjusted EPS rose from $6.95 to $7.305, about 5.1%, and ExlService's from $2.27 to $2.35, about 3.5%. CoStar's adjusted EBITDA midpoint rose $30 million, about 3.8%, ExlService's revenue midpoint about 1.4% and Commvault's ARR midpoint about 0.4% (all calculated).

What to Watch Next: October 28 Calls, Closings and Fourth-Quarter Reports

ExlService holds its call on Wednesday, October 28 at 10 a.m. ET, RenaissanceRe at 11:00 a.m. Eastern, and Teradyne also on October 28. Crane expects the Trillium closing in the fourth quarter, with a dividend of $0.255 payable December 9. CoStar's Vexcel deal is expected to close in the first quarter of 2027, and Logitech expects its supplier to reach full production by the end of the year. Investors will compare Sensata's guided fourth-quarter adjusted operating margin of 19.6% to 19.8% with the payment gone.