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Revenue of $744.7 million and Direct-to-Consumer (“DTC”) Revenue of $291.8 million
Revenue Increased 9.7% Sequentially and 5.5% Year Over Year
DTC Platforms Revenue Increased 16.7% Sequentially and 62.8% Year Over Year

HERZLIYA, Israel, May 07, 2026 (GLOBE NEWSWIRE) -- Playtika Holding Corp. (NASDAQ: PLTK) today released financial results for its first quarter for the period ending March 31, 2026.

Financial Highlights

Revenue of $744.7 million increased 9.7% sequentially and 5.5% year over year.Record DTC platforms revenue of $291.8 million increased 16.7% sequentially and 62.8% year over year.Net Loss of $(57.5) million and Adjusted Net Income of $13.6 million.Net Loss reflects a non-cash impact from contingent consideration remeasurement related to the earnout payment tied to the SuperPlay acquisition.Adjusted EBITDA of $125.2 million decreased (37.8)% sequentially and (25.2)% year over year.Cash, cash equivalents, and short-term investments totaled $779.2 million as of March 31, 2026. “We delivered a strong start to 2026, led by continued momentum in Disney Solitaire and another quarter of record breaking performance in Direct-to-Consumer,” said Robert Antokol, Chief Executive Officer. “Just as importantly, we are seeing signs of improved stability across our organic portfolio quarter over quarter. We remain focused on disciplined execution, investing behind the opportunities we believe can drive sustained engagement and long-term value creation.”

“Q1 performance is ahead of our prior expectations, with SuperPlay tracking ahead of plan and the core portfolio showing strength,” said Tae Lee, Chief Financial Officer. “Our Adjusted EBITDA for the quarter reflects a planned, front-loaded investment cadence as SuperPlay scales, which we expect to normalize over the year.”

Board Appoints Tae Lee as Chief Financial Officer

The Board of Directors has appointed Tae Lee as Chief Financial Officer, effective May 5th, following his service as Acting Chief Financial Officer since April 2026.

Selected Operational Metrics and Business Highlights

Average Daily Paying Users of 387K increased 8.4% sequentially and decreased (0.8)% year over year.Average Payer Conversion of 4.5%, consistent with Q4 2025 conversion and up from 4.3% in Q1 2025.Bingo Blitz revenue of $153.7 million decreased (3.0)% sequentially and (5.4)% year over year.Disney Solitaire revenue of $123.3 million increased 72.1% sequentially.June’s Journey revenue of $76.0 million increased 8.7% sequentially and 10.4% year over year.All-time high in revenue and DTC platforms revenue. Financial Outlook

We are raising our full-year 2026 guidance to $2.75 - $2.85 billion (from $2.70 - $2.80 billion) and increasing our Adjusted EBITDA range to $750 - $790 million (from $730 - $770 million).

Conference Call

Playtika management will host a conference call at 5:30 a.m. Pacific Time (8:30 a.m. Eastern Time) today to discuss the company’s results. The conference call can be accessed via a webcast accessible at investors.playtika.com. A replay of the call will be available through the website one hour following the call and will be archived for one year.

Summary Operating Results of Playtika Holding Corp.

 Three months ended March 31,(in millions, except percentages, Average DPUs, and ARPDAU) 2026   2025 Revenues$744.7  $706.0 Total costs and expenses$794.3  $638.2 Operating income (loss)$(49.6) $67.8 Net income (loss)$(57.5) $30.6 Adjusted EBITDA$125.2  $167.3 Net income margin(7.7)%  4.3%Adjusted EBITDA margin 16.8%  23.7%    Non-financial performance metrics   Average DAUs 8.6   9.0 Average DPUs (in thousands) 387   390 Average Daily Payer Conversion 4.5%  4.3%ARPDAU$0.94  $0.87 Average MAUs 30.1   31.8  About Playtika Holding Corp.

Playtika (NASDAQ: PLTK) is a mobile gaming entertainment and technology market leader with a portfolio of multiple game titles. Founded in 2010, Playtika was among the first to offer free-to-play social games on social networks and, shortly after, on mobile platforms. Headquartered in Herzliya, Israel, and guided by a mission to entertain the world through infinite ways to play, Playtika has employees across offices worldwide.

Forward Looking Information

This press release contains “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Section 21E of the Exchange Act. All statements other than statements of historical facts contained in this press release, including statements regarding our business strategy, plans and our objectives for future operations, are forward-looking statements. Further, statements that include words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “future,” “intend,” “intent,” “may,” “might,” “potential,” “present,” “preserve,” “project,” “pursue,” “should,” “will,” or “would,” or the negative of these words or other words or expressions of similar meaning may identify forward-looking statements.

We have based these forward-looking statements largely on our current expectations and projections about future events and trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives, and financial needs. The achievement or success of the matters covered by such forward-looking statements involves significant risks, uncertainties and assumptions, including, but not limited to, the risks and uncertainties discussed in our filings with the Securities and Exchange Commission. Moreover, we operate in a very competitive and rapidly changing environment and industry. As a result, it is not possible for our management to assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, the forward-looking statements discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated, predicted or implied in the forward-looking statements.

Important factors that could cause actual results to differ materially from estimates or projections contained in the forward-looking statements include without limitation:

actions of our majority shareholder or other third parties that influence us;our reliance on third-party platforms, such as the iOS App Store and Google Play Store, to distribute our games and collect revenues, and the risk that such platforms may adversely change their policies;our reliance on a limited number of games to generate the majority of our revenue;our reliance on a small percentage of total users to generate a majority of our revenue;our free-to-play business model, and the value of virtual items sold in our games, is highly dependent on how we manage the game revenues and pricing models;our inability to refinance our indebtedness, including, without limitation, our $550 million revolving credit facility which is set to expire in March 2027, or to obtain additional financing on favorable terms or at all;our inability to identify acquisition targets that fit our strategy or complete acquisitions and integrate any acquired businesses successfully or realize the anticipated benefits of such acquisitions could limit our growth, disrupt our plans and operations or impact the amount of capital allocated to mergers and acquisitions;our ability to compete in a highly competitive industry with low barriers to entry;our ability to retain existing players, attract new players and increase the monetization of our player base;our ability to develop and/or launch new products and content or otherwise execute against our product roadmap strategy;we have significant indebtedness and are subject to the obligations and restrictive covenants under our debt instruments;the impact of an economic recession or periods of increased inflation, and any reductions to household spending on the types of discretionary entertainment we offer;our controlled company status;legal or regulatory restrictions or proceedings could adversely impact our business and limit the growth of our operations;risks related to our international operations and ownership, including our significant operations in Israel and Ukraine and the fact that our controlling stockholder is a Chinese-owned company;geopolitical events such as the Wars in Israel and Ukraine;our reliance on key personnel;market conditions or other factors affecting the payment of dividends, including the decision whether or not to pay a dividend;uncertainties regarding the amount and timing of repurchases under our stock repurchase program;security breaches or other disruptions could compromise our information or our players’ information and expose us to liability; andour inability to protect our intellectual property and proprietary information could adversely impact our business.     PLAYTIKA HOLDING CORP.
CONSOLIDATED BALANCE SHEETS
(In millions, except par value)     March 31, December 31,  2026   2025  (Unaudited)  ASSETS   Current assets   Cash and cash equivalents$779.2  $684.2 Short-term investments —   136.0 Restricted cash 1.5   1.5 Accounts receivable 180.0   161.8 Prepaid expenses and other current assets 108.2   80.4 Total current assets 1,068.9   1,063.9 Property and equipment, net 96.4   102.9 Operating lease right-of-use assets 118.6   124.2 Intangible assets other than goodwill, net 401.0   425.7 Goodwill 1,695.7   1,695.7 Deferred tax assets, net 173.7   173.2 Investments in unconsolidated entities 17.3   17.5 Other non-current assets 115.3   115.8 Total assets$3,686.9  $3,718.9     LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)   Current liabilities   Current maturities of long-term debt$11.1  $11.1 Accounts payable 87.3   80.3 Contingent consideration 459.0   454.0 Operating lease liabilities 25.4   27.5 Accrued expenses and other current liabilities 321.3   395.0 Total current liabilities 904.1   967.9 Long-term debt 2,375.4   2,378.0 Contingent consideration 370.0   280.0 Operating lease liabilities 108.3   115.4 Deferred tax liabilities 5.1   8.2 Other long-term liabilities 387.1   380.8 Total liabilities 4,150.0   4,130.3 Commitments and contingencies   Stockholders' equity (deficit)   Common stock of $0.01 par value; 1,600.0 shares authorized; 432.2 and 428.8 shares issued, respectively, and 380.4 and 377.0 shares outstanding, respectively 4.3   4.3 Treasury stock at cost, 51.8 shares (603.5)  (603.5)Additional paid-in capital 1,436.2   1,423.1 Accumulated other comprehensive income 8.6   15.9 Accumulated deficit (1,308.7)  (1,251.2)Total stockholders' deficit (463.1)  (411.4)Total liabilities and stockholders’ deficit$3,686.9  $3,718.9    PLAYTIKA HOLDING CORP.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(In millions, except for per share data)
(Unaudited)   Three months ended March 31,  2026   2025 Revenues$744.7  $706.0 Costs and expenses   Cost of revenue 192.2   197.4 Research and development 98.0   103.8 Sales and marketing 360.6   271.8 General and administrative 143.5   65.2 Total costs and expenses 794.3   638.2 Income (loss) from operations (49.6)  67.8 Interest and other, net 24.2   26.7 Income (loss) before income taxes (73.8)  41.1 Provision for income taxes (16.3)  10.5 Net income (loss) (57.5)  30.6 Other comprehensive income (loss)   Foreign currency translation —   7.2 Change in fair value of derivatives (7.3)  (6.7)Total other comprehensive income (loss) (7.3)  0.5 Comprehensive income (loss)$(64.8) $31.1     Net income (loss) per share attributable to common stockholders, basic$(0.15) $0.08 Net income (loss) per share attributable to common stockholders, diluted$(0.15) $0.08 Weighted-average shares used in computing net income (loss) per share attributable to common stockholders, basic 378.3   375.4 Weighted-average shares used in computing net income (loss) per share attributable to common stockholders, diluted 378.3   376.0    PLAYTIKA HOLDING CORP.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In millions)
(Unaudited)   Three months ended March 31,  2026   2025 Cash flows from operating activities$22.8  $18.8 Cash flows from investing activities   Purchase of property and equipment (5.7)  (10.4)Capitalization of internal use software costs (8.9)  (8.3)Purchase of software for internal use (5.6)  (6.6)Proceeds from short-term investments 135.6   — Purchase of short-term investments —   (79.5)Other investing activities 0.1   (0.3)Net cash provided by (used in) investing activities 115.5   (105.1)Cash flows from financing activities   Dividend paid (37.7)  (37.3)Repayments on bank borrowings (4.8)  (4.8)Payment of tax withholdings on stock-based payments (1.1)  (0.5)Payment for share buyback —   (4.8)Net cash used in financing activities (43.6)  (47.4)Effect of exchange rate changes on cash and cash equivalents and restricted cash 0.3   2.3 Net change in cash, cash equivalents and restricted cash 95.0   (131.4)Cash, cash equivalents and restricted cash at the beginning of the period 685.7   567.7 Cash, cash equivalents and restricted cash at the end of the period$780.7  $436.3    CALCULATION OF FREE CASH FLOW
(In millions)   Three months ended March 31,  2026   2025 Cash flows from operating activities$22.8  $18.8 Purchase of property and equipment (5.7)  (10.4)Capitalization of internal use software costs (8.9)  (8.3)Purchase of software for internal use (5.6)  (6.6)Free Cash Flow$2.6  $(6.5)         Non-GAAP Financial Measures

Adjusted EBITDA and Adjusted Net Income are non-GAAP financial measures and should not be construed as an alternative to net income as an indicator of operating performance, nor as an alternative to cash flow provided by operating activities as a measure of liquidity, or any other performance measure in each case as determined in accordance with GAAP.

Our Credit Agreement defines Adjusted EBITDA as net income before (i) interest expense, (ii) interest income, (iii) provision for income taxes, (iv) depreciation and amortization expense, (v) impairment charges, (vi) stock-based compensation, (vii) contingent consideration, (viii) acquisition and related expenses, and (ix) certain other items. We calculate Adjusted EBITDA Margin as Adjusted EBITDA divided by revenues.

We define Adjusted Net Income as net income before (i) impairment charges, and (ii) contingent consideration.

Adjusted EBITDA, Adjusted EBITDA Margin and Adjusted Net Income as calculated herein may not be comparable to similarly titled measures reported by other companies within the industry and are not determined in accordance with GAAP. Our presentation of Adjusted EBITDA, Adjusted EBITDA Margin and Adjusted Net Income should not be construed as an inference that our future results will be unaffected by unusual or unexpected items.

RECONCILIATION OF NET INCOME TO ADJUSTED EBITDA
(In millions)

The following table sets forth a reconciliation of Adjusted EBITDA to net income, the closest GAAP financial measure:

 Three months ended March 31,  2026   2025 Net income (loss)$(57.5) $30.6 Provision for income taxes (16.3)  10.5 Interest expense and other, net 24.2   26.7 Depreciation and amortization 44.9   59.2 EBITDA (4.7)  127.0 Stock-based compensation(1) 14.1   25.5 Changes in estimated value of contingent consideration 95.0   6.9 Acquisition and related expenses(2) 7.2   6.5 Other items(3) 13.6   1.4 Adjusted EBITDA$125.2  $167.3 Net income margin(7.7)%  4.3%Adjusted EBITDA margin 16.8%  23.7% _________
(1)Reflects stock-based compensation expense related to the issuance of equity awards to our employees and Directors.(2)Includes costs incurred to evaluate and pursue acquisition activities as well as costs incurred by the Company in connection with the evaluation of strategic alternatives.(3)Amounts for the three months ended March 31, 2026 consists entirely of severance, and the amount for the three months ended March 31, 2025 consists primarily of $0.7 million of severance incurred by the Company.   RECONCILIATION OF NET INCOME TO ADJUSTED NET INCOME
(In millions)

The following table sets forth a reconciliation of Adjusted Net Income to net income (loss), the closest GAAP financial measure:

 Three months ended March 31,  2026   2025 Net income (loss)$(57.5) $30.6 Changes in estimated value of contingent consideration 95.0   6.9 Income tax impact of adjustments (23.9)  (1.3)Adjusted Net Income$13.6  $36.2          Contacts

Investor Relations  [email protected]  
Source: Playtika Holding Corp.

Playtika Holding (PLTK - Free Report) reported $744.7 million in revenue for the quarter ended March 2026, representing a year-over-year increase of 5.5%. EPS of $0.04 for the same period compares to $0.09 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $687.57 million, representing a surprise of +8.31%. The company delivered an EPS surprise of -40.03%, with the consensus EPS estimate being $0.07.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Playtika performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Average DPUs: 387 million versus 356.8 million estimated by two analysts on average.Average Daily Payer Conversion: 4.5% compared to the 4.3% average estimate based on two analysts.Average MAUs: 30.1 million versus the two-analyst average estimate of 27.51 million.Average DAUs: 8.6 million compared to the 8.28 million average estimate based on two analysts.ARPDAU: $0.94 compared to the $0.90 average estimate based on two analysts.View all Key Company Metrics for Playtika here>>>

Shares of Playtika have returned +11.2% over the past month versus the Zacks S&P 500 composite's +11.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Playtika NASDAQ: PLTK reported a stronger-than-expected start to 2026, driven by rapid growth at its SuperPlay studio, record direct-to-consumer revenue and improving stability in parts of its legacy portfolio, executives said on the company’s first-quarter earnings call.

The mobile gaming company posted first-quarter revenue of $744.7 million, up 9.7% sequentially and 5.5% from a year earlier. Adjusted EBITDA was $125.2 million, representing a 16.8% margin. Playtika reported a net loss of $57.5 million and adjusted net income of $13.6 million.

Chief Executive Robert Antokol called the quarter “a great start of the year” and said the company is seeing momentum across its portfolio. He emphasized that Playtika is allocating capital toward titles with the highest returns, while direct-to-consumer, or DTC, continues to improve unit economics.

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“The headline for me is Disney Solitaire,” Antokol said. “Disney Solitaire has scaled faster than any title in our 15 years history and continues to outperform expectation.”

Disney Solitaire Drives SuperPlay Momentum Playtika’s SuperPlay studio was a central focus of the call. Disney Solitaire generated $123.3 million in revenue during the quarter, up 72.1% sequentially, according to Chief Financial Officer Tae Lee. Management said the game’s user acquisition returns justified a heavy marketing push in the quarter.

Antokol said SuperPlay is “validating the strategy behind the acquisition,” adding that Playtika is investing in teams capable of building “large, long-lasting franchise” that can compound cash flow over time.

Lee said SuperPlay’s marketing spend was intentionally weighted toward the first half of the year and that the company expects SuperPlay to begin contributing positive adjusted EBITDA in the second quarter. He stressed that first-quarter margin pressure reflected investment timing rather than structural weakness.

In response to a question from UBS analyst Chris Schoell, Lee said Playtika increased spending because returns remained attractive even as marketing outlays rose.

“There was little degradation in the returns associated with that spend,” Lee said. He added that Q1 should not be viewed as the annual run rate for sales and marketing, saying spending is expected to step down as the company moves from a launch-and-scale phase into a more normalized cadence.

DTC Revenue Hits New Record Playtika’s DTC business reached another quarterly record, with revenue of $291.8 million, up 16.7% sequentially and 62.8% year-over-year. Antokol said the business is now running near a $1.2 billion annual revenue rate.

Management said DTC has become core to how the company operates, not only because it lowers platform fees but also because it gives Playtika more direct tools to engage players. Antokol said DTC provides “a lot of independency” for working with games and testing initiatives that are harder to execute on other platforms.

Lee said recent App Store policy changes have helped as a tailwind, but he emphasized that Playtika has deployed DTC broadly across its portfolio, including SuperPlay titles. He said Bingo Blitz was one of the largest year-over-year contributors to DTC growth.

Portfolio Mix Shifts Toward Casual Games Antokol said casual games now account for 76% of Playtika’s business, describing the transition as “largely complete.” He said Playtika is now “a casual mobile gaming company with a strong social casino business that generates strong cash flow.”

Lee highlighted several category-leading titles in the portfolio. He said Playtika holds all three top positions in tabletop games with Disney Solitaire, Solitaire Grand Harvest and Domino Dreams. He also said June’s Journey is the No. 1 title in hidden object, Bingo Blitz is the No. 1 bingo game, Dice Dreams is a top-three coin looter game, and WSOP is the No. 1 poker title.

Among the company’s top revenue titles in the quarter:

Bingo Blitz generated $153.7 million in revenue, down 3% sequentially and 5.4% year-over-year. Disney Solitaire generated $123.3 million, up 72.1% sequentially. June’s Journey generated $76.0 million, up 8.7% sequentially and 10.4% year-over-year. Lee said Bingo Blitz remains the leading bingo title worldwide across iOS and Google Play, and that its DTC growth continues to support the economics of the franchise. He described June’s Journey’s quarter as the studio’s best since the second quarter of 2024 and said the company sees potential for it to become “a million-dollar a day game over time.”

Slotomania Stabilizes, But Management Avoids Growth Promise Playtika also pointed to improved performance at Slotomania, its legacy social casino title. Antokol said the game grew 4% quarter-over-quarter, meeting the company’s prior expectation for sequential improvement.

“This is a mature, competitive category, we are not making a forward promise of continued growth from here,” Antokol said in prepared remarks. “Flattening the decline and showing early stability is an important milestone.”

Asked by Macquarie analyst Aaron Lee about competitive pressure from sweepstakes casinos and state-level legislation, Antokol declined to comment on competitors or legal issues in the category. He said his focus is on stabilizing Playtika’s social casino business and preserving its cash-flow contribution.

“What is related to me that I know I’m still leading the category, and I’m growing there, and I’m stabilizing the business,” Antokol said.

Guidance Raised as Management Prioritizes Flexibility Playtika raised its full-year revenue outlook to a range of $2.75 billion to $2.85 billion, up from its prior range of $2.7 billion to $2.8 billion. The company also lifted its adjusted EBITDA outlook to $750 million to $790 million, compared with its previous range of $730 million to $770 million.

Lee said SuperPlay is performing ahead of plan and the core portfolio is also doing better than expected. However, he said the company is not managing solely to maximize near-term adjusted EBITDA, and wants to preserve the ability to reinvest in user acquisition or research and development if attractive opportunities appear in the second half of the year.

Playtika ended the quarter with approximately $779.2 million in cash equivalents and short-term investments. Lee said the company has since paid $461 million to former SuperPlay shareholders as an earnout payment. He also said Playtika has suspended its quarterly dividend to prioritize balance sheet flexibility and liquidity.

Lee said management is actively evaluating options to strengthen the company’s capital structure and extend its maturity runway, calling liquidity and the maturity profile “a top priority.”

On artificial intelligence, Lee said Playtika views AI as a tailwind for scaled operators. He said content creation has not historically been the primary barrier in mobile gaming; rather, the challenge is operating live games at scale with retention, monetization systems and engaged communities.

“AI will let strong operators do more with the same or fewer resources, and we intend to be one of them,” Lee said.

About Playtika NASDAQ: PLTKPlaytika Ltd. NASDAQ: PLTK is a leading developer and publisher of free-to-play mobile and social games. Established in 2010 and headquartered in Herzliya, Israel, the company has built a reputation for creating engaging, social casino and casual gaming experiences. Playtika's platform leverages data-driven analytics and in-game community features to drive player retention and monetization across multiple titles.

The company's diverse portfolio includes flagship social casino games such as Slotomania, Bingo Blitz and Caesars Casino, as well as skill-based and casual offerings like World Series of Poker and House of Fun.

Featured ArticlesFive stocks we like better than PlaytikaThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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PLAYTIKA STOCK ALERT: Kaskela Law Firm Announces Stockholder Investigation of Playtika Holding Corp. and Encourages Investors with Losses to Contact the Firm - PLTK PR Newswire

PHILADELPHIA, May 15, 2026

, /PRNewswire/ -- Stockholder litigation firm Kaskela Law announces that it is investigating Playtika Holding Corp. (NASDAQ: PLTK) ("Playtika") on behalf of the company's investors.

The investigation seeks to determine whether Playtika and/or the company's officers and directors violated the securities laws or breached their fiduciary duties in connection with recent corporate actions.

Playtika shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) at (484) 229 - 0750 for additional information about this investigation and their legal rights and options.

Alternatively, investors may submit their information to the firm by clicking on the following link (or if necessary, by copying and pasting the link into your browser):

https://kaskelalaw.com/case/playtika-holding/

ABOUT KASKELA LAW:

Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation on a contingent basis, which means that the firm's clients never pay any out-of-pocket costs for legal representation. For additional information about Kaskela Law LLC, including the firm's recent notable recoveries for investors, please visit www.kaskelalaw.com.

KASKELA LAW LLC
D. Seamus Kaskela, Esq.
([email protected])
Adrienne Bell, Esq.
([email protected])
18 Campus Blvd., Suite 100
Newtown Square, PA 19073
(484) 229 - 0750
(888) 715 - 1740
www.kaskelalaw.com

This communication may constitute attorney advertising in certain jurisdictions.

View original content to download multimedia:https://www.prnewswire.com/news-releases/playtika-stock-alert-kaskela-law-firm-announces-stockholder-investigation-of-playtika-holding-corp-and-encourages-investors-with-losses-to-contact-the-firm--pltk-302773161.html

SOURCE Kaskela Law LLC

LOS ANGELES, May 18, 2026 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Playtika Holding Corp. (“Playtika” or “the Company”) (NASDAQ: PLTK) for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm 
Brian Schall, Esq. 
310-301-3335
[email protected]

www.schallfirm.com

Two iconic worlds of search, discovery and the winning moment come together in a global in-game collaboration

, /PRNewswire/ -- Playtika, a global leader in mobile gaming entertainment and technology, today announces a collaboration between its flagship title Bingo Blitz and Where's Waldo? in collaboration with Universal Products & Experiences. A globally beloved brand that has remained a familiar presence in homes around the world, Where's Waldo? is a perfect fit for a game played by a global community of millions.

Bingo Blitz x Where's Waldo?

Where's Waldo - Now in Bingo Blitz For over 15 years, Bingo Blitz has been at the forefront of the free-to-play bingo category, bringing together players around the world who compete and connect in real time*. Built on social gameplay, rich content, and a genuinely engaged global community, it provides a natural home for a globally recognised brand like Where's Waldo?.

The Bingo Blitz collaboration introduces a full in-game takeover featuring two Where's Waldo? inspired rooms set in vibrant, detail-rich environments. While inspired by the excitement of searching for Waldo, the experience remains rooted in classic bingo gameplay, whilst bringing brand new anticipation and recognition into the Bingo Moment.

Lior Itzhak, GM at Bingo Blitz said: "What makes this collaboration exciting is how naturally the two experiences align. Our players are driven by anticipation, recognition and the excitement of the Bingo Moment. Where's Waldo? taps into that same feeling - the satisfaction of spotting the right detail at the right moment. Bringing Waldo into Bingo Blitz allows us to build on that shared instinct and offer our players something new, while staying true to what they love."

Bingo Blitz is available for free download on the App Store and Google Play (in-app purchases are available; for players 21 years of age or older). To follow along, visit Bingo Blitz on Facebook and Instagram.

About Bingo Blitz®

Bingo Blitz is the world's #1 free-to-play bingo game, enjoyed by a global community of players. Known for its strong social layer, rich content, and innovative features, Bingo Blitz continues to reinvent how people experience bingo by blending familiar gameplay with fresh, engaging moments that bring players together worldwide.

The BINGO BLITZ name and logo are trademarks of Playtika Santa Monica LLC.

*According to Sensor Tower, Bingo Blitz is the world's most popular free-to-play Bingo game by worldwide downloads across iOS and Google Play, as of 2025.

About Where's Waldo

First published in 1987, Where's Waldo? began as a collection of puzzle books created by English illustrator Martin Handford. The books became well-known for the challenge of finding Waldo hidden among detailed double-page illustrations and have been published in more than 30 languages worldwide. Readers are invited to search and find Waldo, recognizable for his iconic wardrobe including black-framed glasses, a red and white striped sweater, and a bobble hat. For nearly 35 years, Waldo's popularity has continued to transcend beyond books, inspiring television programs, video games, merchandise, comic strips, World Record attempts, events, and more. Where's Waldo? has become a beloved brand for generations of kids and adults across the globe.

About Universal Products & Experiences

Universal Products & Experiences (UP&E) globally drives the expansion and elevation of NBCUniversal's iconic collection of brands, intellectual properties, characters, and stories based on the company's extensive portfolio of properties created by Universal Pictures, Illumination, DreamWorks Animation and NBCUniversal Television and Streaming. The division executes this through innovative physical and digital products, as well as engaging retail and product experiences across our expansive global theme park destinations (for both owned and third-party IP), location-based venues, e-commerce product platforms, and retailers around the world. Along with global brand strategy and creative, UP&E's lines of business include Consumer Products and Games, along with Theme Parks Products & Retail. UP&E is a division of Universal Destinations & Experiences, part of NBCUniversal, a subsidiary of Comcast Corporation. More information is available at universalproductsexperiences.com.

About Playtika

Playtika Holding Corp. (NASDAQ: PLTK) is a mobile gaming entertainment and technology market leader with a portfolio of multiple game titles. Founded in 2010, Playtika was among the first to offer free-to-play social games on social networks and, shortly after, on mobile platforms. Headquartered in Herzliya, Israel, and guided by a mission to entertain the world through infinite ways to play, Playtika has employees across offices worldwide. For more, visit playtika.com.

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SOURCE Playtika Ltd.

NEWTOWN SQUARE, Pa.--(BUSINESS WIRE)--Shareholder litigation law firm Kaskela Law is investigating Playtika Holding Corp. (NASDAQ: PLTK) (“Playtika”) on behalf of the company’s investors.

The investigation seeks to determine whether Playtika and/or the company’s officers and directors violated the securities laws or breached their fiduciary duties in connection with recent corporate actions, leading to shareholder losses.

Share Click here to register for additional information about this investigation: https://kaskelalaw.com/case/playtika-holding/

Since July 2025, shares of Playtika’s common stock have declined in value from a trading price of over $4.50 per share to a current price of less than $3.50 per share, a decline of over 22% in value.

The investigation seeks to determine whether Playtika and/or the company’s officers and directors violated the securities laws or breached their fiduciary duties in connection with recent corporate actions, leading to shareholder losses.

Playtika shareholders are encouraged to contact Kaskela Law LLC lead investigative attorney Adrienne Bell, Esquire for additional information about this investigation and their legal rights and options at (484) 229 – 0750, by email at [email protected], or by filling out the online form at:

https://kaskelalaw.com/case/playtika-holding/

ABOUT KASKELA LAW:

Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation on a contingent basis (i.e., the firm’s clients are never responsible for any out-of-pocket costs for legal representation). Since 2020, the firm has helped to recover over $500 million for investors. For additional information about Kaskela Law LLC, including the firm’s recent notable recoveries for investors, please visit www.kaskelalaw.com.

This communication may constitute attorney advertising in certain jurisdictions.

Posted by Defense World Staff on Mar 30th, 2026

Assenagon Asset Management S.A. boosted its holdings in Shoals Technologies Group, Inc. (NASDAQ:SHLS – Free Report) by 148.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 414,545 shares of the company’s stock after purchasing an additional 247,721 shares during the quarter. Assenagon Asset Management S.A. owned 0.25% of Shoals Technologies Group worth $3,524,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Encompass Capital Advisors LLC bought a new position in Shoals Technologies Group during the 2nd quarter worth $56,120,000. Peconic Partners LLC increased its position in shares of Shoals Technologies Group by 79.8% in the second quarter. Peconic Partners LLC now owns 6,975,186 shares of the company’s stock worth $29,645,000 after purchasing an additional 3,095,186 shares during the period. Amundi raised its stake in Shoals Technologies Group by 858.2% in the third quarter. Amundi now owns 2,099,053 shares of the company’s stock valued at $15,830,000 after purchasing an additional 1,879,985 shares in the last quarter. Electron Capital Partners LLC lifted its position in Shoals Technologies Group by 1,716.1% during the second quarter. Electron Capital Partners LLC now owns 1,976,633 shares of the company’s stock worth $8,401,000 after purchasing an additional 1,867,795 shares during the period. Finally, Schroder Investment Management Group acquired a new stake in Shoals Technologies Group during the second quarter worth about $7,917,000.

Analysts Set New Price Targets SHLS has been the subject of a number of recent analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Shoals Technologies Group in a report on Monday, February 9th. Jefferies Financial Group decreased their price target on Shoals Technologies Group from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Wednesday, March 11th. BNP Paribas Exane upgraded Shoals Technologies Group from an “underperform” rating to a “neutral” rating and set a $9.00 price objective for the company in a research report on Wednesday, February 25th. Wall Street Zen cut Shoals Technologies Group from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, Royal Bank Of Canada dropped their target price on shares of Shoals Technologies Group from $10.00 to $9.00 and set an “outperform” rating for the company in a report on Wednesday, February 25th. Ten research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $9.57.

Get Our Latest Report on SHLS

Shoals Technologies Group Stock Performance Shoals Technologies Group stock opened at $6.62 on Monday. The business has a 50 day moving average of $8.13 and a 200-day moving average of $8.52. The company has a market capitalization of $1.11 billion, a P/E ratio of 33.10, a P/E/G ratio of 0.92 and a beta of 1.77. Shoals Technologies Group, Inc. has a 1 year low of $2.92 and a 1 year high of $11.36. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.03 and a quick ratio of 1.32.

Shoals Technologies Group (NASDAQ:SHLS – Get Free Report) last posted its earnings results on Tuesday, February 24th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). The business had revenue of $148.33 million for the quarter, compared to the consensus estimate of $144.52 million. Shoals Technologies Group had a return on equity of 9.10% and a net margin of 7.06%.The company’s revenue was up 38.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.08 earnings per share. On average, equities research analysts predict that Shoals Technologies Group, Inc. will post 0.29 earnings per share for the current year.

About Shoals Technologies Group (Free Report)

Shoals Technologies Group, Inc is a leading provider of electrical balance-of-system (BOS) solutions for the solar energy industry. The company designs, engineers and manufactures a comprehensive portfolio of products, including junction boxes, combiner boxes, cable assemblies, power distribution units and monitoring systems. These components are critical to interconnecting photovoltaic modules, optimizing energy output and ensuring safe, reliable performance across solar installations.

Founded in 1996 and headquartered in Portland, Tennessee, Shoals has grown its manufacturing and operations footprint to serve customers around the globe.

See Also Five stocks we like better than Shoals Technologies Group Want to see what other hedge funds are holding SHLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Shoals Technologies Group, Inc. (NASDAQ:SHLS – Free Report).

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PORTLAND, Tenn., March 30, 2026 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (“Shoals” or the “Company”) (Nasdaq: SHLS), a global leader in electrical infrastructure solutions for the energy transition market, will be participating in a BESS virtual webinar hosted by Barclays covering analyst, Christine Cho, beginning at 10am EST tomorrow, March 31, 2026.

Shoals’ President, Jeff Tolnar, and BESS Product Line Manager, Kishan Ponnadurai, will participate in the live virtual webinar moderated by Christine Cho. The webinar is open to the public and is intended to provide investors and other interested parties with more information about Shoals’ BESS products, paths to market, and competitive advantage. A link to register for the webinar is available on the Investor Relations section of the Company’s website at https://investors.shoals.com.

About Shoals Technologies Group, Inc.
Shoals Technologies Group is a leading manufacturer of advanced electrical infrastructure solutions for mission-critical applications across utility‑scale solar, battery storage, and data center power systems. Since its founding in 1996, the Company has designed innovative technologies and systems solutions that allow its customers to substantially increase installation efficiency and safety while improving system performance and reliability at scale. Shoals Technologies Group is a recognized leader in the energy transition industry. For additional information, please visit: https://www.shoals.com.

Contacts:
Investor Relations:

Matt Tractenberg, VP of Finance and Investor Relations
Email: [email protected]

Media:

Lindsey Williams, VP of Marketing and External Communications
Email: [email protected]

PORTLAND, Tenn., April 09, 2026 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (the “Company”) (Nasdaq: SHLS) today announced that the Company will release its first quarter 2026 results before market open on Tuesday, May 5, 2026, to be followed by a conference call at 8:00 a.m. (Eastern Time) on the same day.

Interested investors and other parties can access the live webcast through the Investor Relations section of the Company's website at https://investors.shoals.com. An archived replay of the webcast will be available shortly after the event concludes.

About Shoals Technologies Group, Inc.
Shoals Technologies Group is a leading manufacturer of advanced electrical infrastructure solutions for mission‑critical applications across utility‑scale solar, battery storage, and data center power systems. Since its founding in 1996, the Company has designed innovative technologies and systems solutions that allow its customers to substantially increase installation efficiency and safety while improving system performance and reliability at scale. Shoals Technologies Group is a recognized leader in the energy transition industry. For additional information, please visit: https://www.shoals.com.

Contacts:
Investor Relations:

Matt Tractenberg, VP of Finance and Investor Relations
Email: [email protected]

Media:

Lindsey Williams, VP of Marketing and External Communications
Email: [email protected]

PORTLAND, Tenn., April 21, 2026 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (“Shoals” or the “Company”) (Nasdaq: SHLS), a global leader in electrical infrastructure solutions for the energy transition market, announced today its participation in the following upcoming investor events:

May 7, 2026: JP Morgan Virtual Fireside Chat
Shoals’ CEO, Brandon Moss, and CFO, Dominic Bardos, will participate in a fireside chat with covering analyst Mark Strouse. Interested investors should contact their JP Morgan sales representative.

May 13, 2026: Johnson Rice Virtual Fireside Chat
Shoals’ VP of Finance & Investor Relations, Matt Tractenberg, and SVP of Sales, Karen Bazela, will participate in a fireside chat with covering analyst Marty Malloy. Interested investors should contact their Johnson Rice sales representative.

May 27, 2026: Bank of America Power, Utilities and Cleantech Conference in New York
Shoals’ CFO, Dominic Bardos, and Investor Relations Manager, Corbin Smith, will host in-person investor meetings. Interested investors should contact their Bank of America sales representative.

May 28, 2026: TD Cowen Technology, Media & Telecom Conference in New York
Shoals’ CFO, Dominic Bardos, SVP of Sales, Karen Bazela, and Investor Relations Manager, Corbin Smith, will host in-person investor meetings. Interested investors should contact their TD Cowen sales representative.

June 2, 2026: RBC Global Energy, Power & Infrastructure Conference in New York
Shoals’ VP of Finance & Investor Relations, Matt Tractenberg, and Senior Director of Business Development, Ed Lo Bianco, will host in-person investor meetings. Interested investors should contact their RBC sales representative.

June 17, 2026: Roth Conference in London
Shoals’ VP of Finance & Investor Relations, Matt Tractenberg, and VP of Marketing & External Communications, Lindsey Williams, will host in-person investor meetings. Interested investors should contact their Roth sales representative.

June 24, 2026: JP Morgan Natural Resources Conference in New York
Shoals’ CEO, Brandon Moss, and VP of Finance & Investor Relations, Matt Tractenberg, will host in-person investor meetings. Interested investors should contact their JP Morgan sales representative.

June 25, 2026: UBS Virtual Fireside Chat
Shoals’ CFO, Dominic Bardos, and VP of Finance & Investor Relations, Matt Tractenberg, will participate in a fireside chat with covering analyst Jon Windham. Interested investors should contact their UBS sales representative.

About Shoals Technologies Group, Inc.
Shoals Technologies Group is a leading manufacturer of advanced electrical infrastructure solutions for mission-critical applications across utility‑scale solar, battery storage, and data center power systems. Since its founding in 1996, the Company has designed innovative technologies and systems solutions that allow its customers to substantially increase installation efficiency and safety while improving system performance and reliability at scale. Shoals Technologies Group is a recognized leader in the energy transition industry. For additional information, please visit: https://www.shoals.com.

Contacts:
Investor Relations:

Matt Tractenberg, VP of Finance and Investor Relations
Email: [email protected]

Media:

Lindsey Williams, VP of Marketing and External Communications
Email: [email protected]

– Quarterly Revenue of $140.6 million –

– Income from Operations of $7.7 million –

– Net Loss of $0.3 million –

– Adjusted EBITDA1 of $21.1 million   –

– Record Backlog and Awarded Orders of $758.0 million –

– Provides Second Quarter and Raises Full-year Outlook –

PORTLAND, Tenn., May 05, 2026 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (“Shoals” or the “Company”) (Nasdaq: SHLS), a global leader in electrical infrastructure solutions for the energy transition market, today announced results for its first quarter ended March 31, 2026.

“We began the year on very solid footing, with revenue above our expected range and growing at approximately 75% from the prior-year period. The underlying demand environment remains extremely strong as evidenced by our record backlog and awarded orders of $758 million. We are executing our strategic plan of accelerating growth within our core domestic utility scale solar market and expanding our offering into attractive high growth markets,” said Brandon Moss, CEO of Shoals.

“The underlying strength of the markets in which we operate, combined with our leading competitive position, a broad and innovative product portfolio, and our new state of the art production facility, positions us exceptionally well to drive profitable growth in 2026 and beyond. We’re very excited about what we see ahead, and are pleased to increase both our revenue and adjusted EBITDA guidance for the current year,” added Mr. Moss.

________________________
1Non-GAAP financial measures referenced in this release are used by management to assist investors and analysts in comparing our performance across reporting periods on a consistent basis by excluding items that we do not believe are indicative of our core operating performance. Reconciliations of non-GAAP operating measures to the most directly comparable GAAP financial measures are included in the non-GAAP reconciliation in this release. Non-GAAP measures should not be used as a substitute for the closest comparable GAAP measures.

First Quarter 2026 Financial Results
Revenue increased 74.9%, to $140.6 million, compared to $80.4 million for the prior-year period, driven by strong underlying demand of products, the impact of market share capture initiatives, and an increase in volume of projects in the current year.

Gross profit was $41.0 million, compared to $28.1 million in the prior-year period. Gross profit as a percentage of revenue was 29.2% compared to 35.0% in the prior-year period. The decrease in margin is attributable to $3.8 million in additional tariffs paid in comparison to the prior-year quarter, an increase of $1.4 million in right-of-use asset amortization arising from the opening of our consolidated operations facility, along with an increase in material costs.

General and administrative expenses were $31.0 million, compared to $21.7 million during the same period in the prior year. The increase in general and administrative expenses was primarily the result of a $6.2 million increase in legal expenses for ongoing matters related to wire insulation shrinkback, intellectual property, and shareholder litigation matters along with $1.6 million in increased cash and share-based incentive compensation expense due to increased headcount in comparison to the prior-year period.

Income from operations was $7.7 million, compared to $4.3 million during the prior-year period.

The Company has recorded a litigation settlement expense, net of recoveries of $5.3 million for the three months ended March 31, 2026. This is due to the accrual for the expected settlement amount, net of insurance recoveries related to the Company’s securities litigation as disclosed in Form 10-Q.

Net loss was $0.3 million compared to $0.3 million during the prior-year period. Loss per share was $0.00 in the current and prior-year period.

Adjusted EBITDA1 was $21.1 million, compared to $13.5 million in the prior-year period.

Adjusted Net Income1 was $12.1 million compared to $5.7 million during the prior-year period. Adjusted diluted earnings per share1 was $0.07 compared to $0.03 in the prior-year period.

Backlog and Awarded Orders
The Company’s backlog and awarded orders as of March 31, 2026, were $758.0 million, representing a 17.5% increase compared to the prior-year period and a 1.4% sequential increase from December 31, 2025. The increase in backlog and awarded orders as compared to the prior-year period reflects consistent demand for the Company’s innovative products, with growth in international and emerging battery energy storage markets.

Backlog represents signed purchase orders or contractual minimum purchase commitments with take-or-pay provisions and awarded orders are orders we are in the process of documenting with a contract but for which a contract has not yet been signed.

Second Quarter 2026 Outlook
At this time, the Company is providing an outlook for the second quarter. Based on current business conditions, business trends and other factors, for the quarter ending June 30, 2026, the Company expects:

Revenue in the range of $150 million to $170 millionAdjusted EBITDA1 in the range of $28 million to $33 million Full Year 2026 Outlook
Based on current business conditions, business trends and other factors, for the full year 2026, the Company expects:

Revenue in the range of $600 million to $640 millionAdjusted EBITDA1 in the range of $118 million to $132 millionCash flow from operations in the range of $65 million to $85 millionCapital expenditures in the range of $20 million to $30 millionInterest expense in the range of $8 million to $12 million A reconciliation of Adjusted EBITDA1 guidance, which is a forward-looking measure that is a non-GAAP measure, to the most closely comparable GAAP measure is not provided because we are unable to provide such reconciliation without unreasonable effort. The inability to provide a quantitative reconciliation is due to the uncertainty and inherent difficulty in predicting the occurrence, the financial impact and the periods in which the components of the applicable GAAP measures and non-GAAP adjustments may be recognized. The GAAP measure may include the impact of such items as non-cash share-based compensation, amortization of intangible assets and the tax effect of such items, in addition to other items we have historically excluded from Adjusted EBITDA and Adjusted Net Income. We expect to continue to exclude these items in future disclosures of these non-GAAP measures and may also exclude other similar items that may arise in the future.

Webcast and Conference Call Information
Company management will host a webcast and conference call on May 5, 2026, at 8:00 a.m. Eastern Time, to discuss the Company’s financial results.

Interested investors and other parties can listen to a webcast of the live conference call by logging onto the Investor Relations section of the Company’s website at https://investors.shoals.com.

About Shoals Technologies Group, Inc.
Shoals Technologies Group is a leading manufacturer of advanced electrical infrastructure solutions for mission-critical applications across utility scale solar, battery storage, and data center power systems. Since its founding in 1996, the Company has designed innovative technologies and systems solutions that allow its customers to substantially increase installation efficiency and safety while improving system performance and reliability at scale. Shoals Technologies Group is a recognized leader in the energy transition industry. For additional information, please visit: https://www.shoals.com.

Investor Relations Contact
Shoals Technologies Group, Inc.
Email: [email protected]

Forward-Looking Statements
This report contains forward-looking statements that are based on our management’s beliefs and assumptions and on information currently available to our management. Forward-looking statements include information concerning our possible or assumed future results of operations; expectations regarding the utility-scale solar market; project delays; regulatory environment, including changes or potential changes to such environment; the effects of strategic pricing actions, volume discounts and customer mix in our key markets; pipeline and orders; business strategies, plans and expectations, including sales and marketing goals; technology developments; financing and investment plans; warranty and liability accruals and estimates of loss or gains; estimates of potential loss related to the wire insulation shrinkback matter discussed in our public filings; litigation strategy and expected benefits or results from the current intellectual property and wire insulation shrinkback litigation; potential growth opportunities, including opportunities associated with our entry into new markets; production and capacity at our plants; and potential share repurchases under the Company’s Share Repurchase Program discussed in our public filings. Forward-looking statements include statements that are not historical facts and can be identified by terms such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “will,” “would” or similar expressions and the negatives of those terms.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.

Some of the key factors and scenarios that could cause actual results to differ from our expectations include, among others, if demand for solar energy projects diminishes, we may not be able to grow; if we fail to accurately estimate the potential losses related to the wire insulation shrinkback matter, or fail to recover the costs and expenses incurred by us from the supplier; the interruption of the flow of raw materials from international vendors has disrupted our supply chain, including as a result of the imposition of additional duties, tariffs, and other charges on imports and exports; the imposition of trade restrictions, import tariffs, anti-dumping, and countervailing duties; we have modified, and in the future may modify, our business strategy to abandon lines of business or implement new lines of business, and modifying our business strategy could have an adverse effect on our business and financial results; amounts included in our backlog and awarded orders may not result in actual revenue or translate into profits; defects or performance problems in our products or their parts, whether due to manufacturing, installation, or use, including those related to the wire insulation shrinkback matter, have a high consequence of failure and can lead to equipment and systems failure, physical injury or death; we have experienced, and may experience in the future, delays, disruptions, quality control, or reputational problems in our manufacturing operations in part due to our vendor concentration; if we fail to retain our key personnel and attract additional qualified personnel; our products are primarily manufactured and shipped from our production facilities in Tennessee, and any damage or disruption at these facilities may harm our business; we may face difficulties with respect to the planned consolidation and relocation of our Tennessee-based manufacturing and distribution operations, and may not realize the benefits thereof; safety issues may subject us to penalties, negatively impact customer relationships, result in higher operating costs, and negatively impact employee morale and turnover; the market for our products is competitive, and we face increased competition as new and existing competitors introduce EBOS system solutions and components; macroeconomic conditions, including high inflation, high interest rates, and geopolitical instability, impact our business and financial results; we are subject to risks associated with the patent infringement complaints that we filed with the U.S. International Trade Commission (“ITC”) and District Courts; if we fail to, or incur significant costs in order to obtain, maintain, protect, defend, or enforce our intellectual property portfolio and other proprietary rights, including the patents we are asserting in ongoing patent infringement litigation; acquisitions, joint ventures, and/or investments and the failure to integrate acquired businesses could disrupt our business; a loss of one or more of our significant customers, their inability to perform under their contracts, or their default in payment could harm our business; a significant drop in the price of electricity may harm our business; the unauthorized access to our information technology systems or the disclosure of personal or sensitive data or confidential information, whether through a breach of our computer system or otherwise, could severely disrupt our business; failure of our information technology systems, including those managed by third parties, whether intentional or inadvertent, could lead to delays in our business operations and, if significant or extreme, affect our results of operations; our expansion outside the U.S. could subject us to additional business, financial, regulatory, and competitive risks; our indebtedness could adversely affect our financial flexibility, restrict our current and future operations, and our competitive position; existing electric utility industry, federal, state, and municipal renewable energy and solar energy policies and regulations, including zoning and siting laws, and any subsequent changes, present technical, regulatory, and economic barriers to the purchase and use of solar energy systems that may significantly reduce demand for our products or harm our ability to compete; changes in tax laws or regulations that are applied adversely to us, or our customers could materially adversely affect our business, financial condition, results of operations, and prospects; and the market price of our Class A common stock may decline and may continue to be subject to significant volatility.

These and other important risk factors are described more fully in the Company’s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q and other documents filed with the Securities and Exchange Commission and could cause actual results to vary from expectations. Given these uncertainties, you should not place undue reliance on forward-looking statements. Also, forward-looking statements represent our management’s beliefs and assumptions only as of the date of this report. You should read this report with the understanding that our actual future results may be materially different from what we expect.

Except as required by law, we assume no obligation to update these forward-looking statements, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

Non-GAAP Financial Measures

Adjusted Gross Profit, Adjusted Gross Profit Percentage, Adjusted EBITDA, Adjusted Net Income, and Adjusted Diluted Earnings per Share (“EPS”)

We define Adjusted Gross Profit as gross profit plus plant optimization expenses. We define Adjusted Gross Profit Percentage as Adjusted Gross Profit divided by revenue. We define Adjusted EBITDA as net loss plus/(minus) (i) interest expense, (ii) interest income, (iii) income tax expense/(benefit), (iv) depreciation expense, (v) amortization of intangibles, (vi) equity-based compensation, (vii) gain (loss) on sale of asset (viii) wire insulation shrinkback litigation expenses, (ix) plant optimization expenses, (x) shareholder litigation expenses, and (xi) litigation settlement expense, net of insurance recoveries. We define Adjusted Net Income as net income plus (i) amortization of intangibles, (ii) amortization / write-off of deferred financing costs, (iii) equity-based compensation, (iv) gain (loss) on sale of asset (v) wire insulation shrinkback litigation expenses, (vi) plant optimization expenses, (vii) shareholder litigation expenses, and (viii) litigation settlement expenses, net of insurance recoveries, all net of applicable income taxes. We define Adjusted Diluted EPS as Adjusted Net Income divided by the diluted weighted average shares of Class A common stock outstanding for the applicable period.

Beginning with the three months ended March 31, 2026, we revised our definition of Adjusted EBITDA to exclude shareholder litigation costs, which are reflected in General and Administrative expenses on our consolidated statements of operations. Comparative amounts for prior periods have been recast to conform to the current period presentation. Management believes this revised definition provides a more meaningful representation of the Company’s ongoing operating performance as the costs are not reflective of our core operations.

Adjusted Gross Profit, Adjusted Gross Profit Percentage, Adjusted EBITDA, Adjusted Net Income, and Adjusted Diluted EPS are intended as supplemental measures of performance that are neither required by, nor presented in accordance with, GAAP. We present Adjusted Gross Profit, Adjusted Gross Profit Percentage, Adjusted EBITDA, Adjusted Net Income, and Adjusted Diluted EPS because we believe they assist investors and analysts in comparing our performance across reporting periods on a consistent basis by excluding items that we do not believe are indicative of our core operating performance. In addition, we use Adjusted Gross Profit, Adjusted Gross Profit Percentage, Adjusted EBITDA, Adjusted Net Income, and Adjusted Diluted EPS: (i) as factors in evaluating management’s performance when determining incentive compensation, as applicable; (ii) to evaluate the effectiveness of our business strategies; and (iii) because our credit agreement uses measures similar to Adjusted EBITDA, Adjusted Net Income and Adjusted Diluted EPS to measure our compliance with certain covenants.

Among other limitations, Adjusted Gross Profit, Adjusted Gross Profit Percentage, Adjusted EBITDA, Adjusted Net Income, and Adjusted Diluted EPS do not reflect our cash expenditures, or future requirements for capital expenditures or contractual commitments; do not reflect the impact of certain cash charges resulting from matters we consider not to be indicative of our ongoing operations; and may be calculated by other companies in our industry differently than we do or not at all, which may limit their usefulness as comparative measures.

Because of these limitations, Adjusted Gross Profit, Adjusted Gross Profit Percentage, Adjusted EBITDA, Adjusted Net Income, and Adjusted Diluted EPS should not be considered in isolation or as substitutes for performance measures calculated in accordance with GAAP. You should review the reconciliation of gross profit to Adjusted Gross Profit and Adjusted Gross Profit Percentage, net income Adjusted EBITDA, and net income to Adjusted Net Income and Adjusted Diluted EPS below and not rely on any single financial measure to evaluate our business.

 Shoals Technologies Group, Inc.
Condensed Consolidated Balance Sheets (Unaudited)
(in thousands, except shares and par value)  March 31,
2026 December 31,
2025Assets   Current Assets   Cash and cash equivalents$1,877  $7,320 Accounts receivable, net 129,205   128,793 Unbilled receivables 15,144   22,133 Inventory 158,993   89,878 Insurance receivable 64,750   — Other current assets 12,572   9,762 Total Current Assets 382,541   257,886 Property, plant and equipment, net 59,072   53,302 Goodwill 69,941   69,941 Other intangible assets, net 31,603   33,499 Deferred tax assets 438,116   438,027 Right-of-use operating lease assets 45,000   46,044 Other assets 4,622   5,402 Total Assets$1,030,895  $904,101     Liabilities and Stockholders’ Equity   Current Liabilities   Accounts payable$80,425  $64,875 Accrued expenses and other 26,305   22,215 Litigation settlement liability 70,000   — Warranty liability—current portion 1,232   3,202 Deferred revenue 30,343   37,031 Total Current Liabilities 208,305   127,323 Revolving line of credit 181,750   136,750 Right-of-use operating lease liabilities 37,800   38,661 Warranty liability, less current portion 403   403 Other long-term liabilities 991   991 Total Liabilities 429,249   304,128 Commitments and Contingencies   Stockholders’ Equity   Preferred stock, $0.00001 par value - 5,000,000 shares authorized; none issued and outstanding as of March 31, 2026 and December 31, 2025 —   — Class A common stock, $0.00001 par value - 1,000,000,000 shares authorized; 171,680,204 and 171,358,711 shares issued; 167,771,817 and 167,450,324 outstanding as of March 31, 2026 and December 31, 2025, respectively 2   2 Additional paid-in capital 495,060   493,090 Treasury stock, at cost, 3,908,387 shares as of March 31, 2026 and December 31, 2025, respectively (25,272)  (25,272)Retained earnings 131,856   132,153 Total Stockholders' Equity 601,646   599,973     Total Liabilities and Stockholders’ Equity$1,030,895  $904,101   Shoals Technologies Group, Inc.
Condensed Consolidated Statements of Operations (Unaudited)
(in thousands, except per share amounts)   Three Months Ended March 31,   2026   2025 Revenue $140,557  $80,361 Cost of revenue  99,547   52,221 Gross profit  41,010   28,140 Operating expenses    General and administrative expenses  31,014   21,693 Depreciation and amortization  2,278   2,135 Total operating expenses  33,292   23,828 Income from operations  7,718   4,312 Interest expense  (2,903)  (2,415)Interest income  59   118 Litigation settlement expense, net of recoveries  (5,250)  — Gain (loss) on sale of assets  (2)  — Foreign currency gain (loss)  (8)  — Income (loss) before income taxes  (386)  2,015 Income tax benefit (expense)  89   (2,297)Net loss $(297) $(282)     Loss per share of Class A common stock:    Basic $(0.00) $(0.00)Diluted $(0.00) $(0.00)Weighted average shares of Class A common stock outstanding:    Basic  167,555   166,960 Diluted  167,555   166,960   Shoals Technologies Group, Inc.
Condensed Consolidated Statements of Cash Flows (Unaudited)
(in thousands)  Three Months Ended March 31,  2026   2025 Cash Flows from Operating Activities   Net loss$(297) $(282)Adjustments to reconcile net loss to net cash provided by operating activities:   Depreciation and amortization 4,101   3,287 Amortization/write off of deferred financing costs 156   156 Equity-based compensation 3,317   2,661 Provision for obsolete or slow-moving inventory 518   252 Provision for warranty expense 527   257 Deferred taxes (89)  2,288 Other 1,765   — Changes in assets and liabilities:   Accounts receivable (412)  10,477 Unbilled receivables 6,989   10,425 Inventory (69,633)  (5,448)Other assets (2,186)  (1,471)Accounts payable 15,221   6,682 Accrued expenses and other 2,510   (347)Warranty liability (2,497)  (9,837)Litigation receivable and settlement liabilities 5,250   — Deferred revenue (6,688)  (3,542)Net Cash Provided by (Used in) Operating Activities (41,448)  15,558 Cash Flows from Investing Activities   Purchases of property, plant and equipment (7,648)  (3,209)Net Cash Used in Investing Activities (7,648)  (3,209)Cash Flows from Financing Activities   Employee withholding taxes related to net settled equity awards (1,347)  (251)Proceeds from revolving credit facility 45,000   20,000 Repayments of revolving credit facility —   (20,000)Net Cash Provided by (Used in) Financing Activities 43,653   (251)Net Increase (Decrease) in Cash and Cash Equivalents (5,443)  12,098 Cash and Cash Equivalents—Beginning of Period 7,320   23,511 Cash and Cash Equivalents—End of Period$1,877  $35,609   Shoals Technologies Group, Inc.
Adjusted Gross Profit, Adjusted Gross Profit Percentage, Adjusted EBITDA, Adjusted Net Income and Adjusted Diluted Earnings per Share (“EPS”) (Unaudited) Reconciliation of Gross Profit to Adjusted Gross Profit and Adjusted Gross Profit Percentage (in thousands):
   Three Months Ended March 31,   2026   2025 Revenue $140,557  $80,361 Cost of revenue  99,547   52,221 Gross profit $41,010  $28,140 Gross profit percentage  29.2%  35.0%     Plant optimization expense $621  $— Adjusted gross profit $41,631  $28,140 Adjusted gross profit percentage  29.6%  35.0% Reconciliation of Net Income to Adjusted EBITDA (in thousands):
   Three Months Ended March 31,   2026   2025 Net loss $(297) $(282)Interest expense  2,903   2,415 Interest income  (59)  (118)Income tax expense (benefit)  (89)  2,297 Depreciation expense  2,199   1,391 Amortization of intangibles  1,902   1,896 Equity-based compensation  3,317   2,661 (Gain) loss on sale of asset  2   — Wire insulation shrinkback litigation expenses(a)  3,707   2,529 Plant optimization expenses(b)  621   — Shareholder litigation expenses(c)  1,656   716 Litigation settlement expense(c)  5,250   — Adjusted EBITDA $21,112  $13,505  Reconciliation of Net Income to Adjusted Net Income (in thousands):
   Three Months Ended March 31,   2026   2025 Net loss $(297) $(282)Amortization of intangibles  1,902   1,896 Amortization / write-off of deferred financing costs  156   156 Equity-based compensation  3,317   2,661 (Gain) loss on sale of asset  2   — Wire insulation shrinkback litigation expenses(a)  3,707   2,529 Plant optimization expenses(b)  621   — Shareholder litigation expenses(c)  1,656   716 Litigation settlement expense(c)  5,250   — Tax impact of adjustments(d)  (4,169)  (1,942)Adjusted Net Income $12,145  $5,734 
(a)  For the three months ended March 31, 2026 and 2025, represents $3.7 million and $2.5 million, respectively, of expenses incurred in connection with the lawsuit initiated by the Company against the supplier of the defective wire. We consider this litigation distinct from ordinary course legal matters given the expected magnitude of the expenses, the nature of the allegations in the Company’s complaint, the amount of damages sought, and the impact of the matter underlying the litigation on the Company’s financial results. In the future, we also intend to exclude from our non-GAAP measures the benefit of recovery, if any. We believe excluding expenses from these discrete litigation events provides investors with a better view of the operating performance of our business and allows for comparability through periods.

(b) For the three months ended March 31, 2026 and 2025, represents $0.6 million and zero of expenses incurred in connection with actions taken to consolidate our operations into a newly constructed facility, including items such as professional fees, relocation, facility set-up and other costs. We believe excluding expenses from these events provides investors with a better view of the operating performance of our business and allows for comparability through periods.

(c)  For the three months ended March 31, 2026, represents $1.6 million of expenses incurred in connection with the Company’s defense of certain derivative and class action litigation and $5.3 million in settlement expenses associated with this litigation. For the three months ended March 31, 2025, represents $0.7 million of expenses incurred in connection with the Company’s defense of certain derivative and class action litigation. We consider expenses incurred in connection with these legal matters distinct from normal matters and expenses within the operation of our business.

(d)  Shoals Technologies Group, Inc. is subject to U.S. Federal income taxes, in addition to state and local taxes. Represents the estimated tax impact of all Adjusted Net Income add-backs, excluding those which represent permanent differences between book versus tax. The adjustment to the provision for income tax reflects the effective tax rates below.

     Three Months Ended March 31,  2026  2025 Statutory U.S. Federal income tax rate 21.0% 21.0%Permanent adjustments 1.7% 0.6%State and local taxes (net of federal benefit) 2.4% 2.8%Effective income tax rate for Adjusted Net Income 25.1% 24.4% Calculation of Adjusted Diluted Earnings per Share (in thousands, except per share amounts):
     Three Months Ended March 31,
   2026   2025 Diluted weighted average shares outstanding  167,555   166,960        Adjusted Net Income $12,145  $5,734 Adjusted Diluted EPS $0.07  $0.03 

Shoals Technologies Group, Inc. (SHLS) Q1 2026 Earnings Call Transcript

Shoals Technologies posted strong Q1 revenue growth, driven by US utility-scale solar demand and AI data center power needs. SHLS raised full-year revenue guidance to $600m–$640m, reflecting optimism about sustained demand, especially from AI-related projects. Profitability remains pressured by tariffs, higher input costs, and substantial non-GAAP adjustments, with gross margin at 29.2% and notable inventory buildup.

The milestone coincides with Shoals’ 30th anniversary and includes a donation to Hands of Hope May 19, 2026 10:10 ET  | Source: Shoals Technologies Group

News Summary:

Shoals Technologies Group, Inc. opened its new 638,000-square-foot Mega Facility in Portland, Tennessee, backed by a $30 million investment.The new campus expands domestic U.S. manufacturing capacity and strengthens the American supply chain to meet growing demand for solar, battery energy storage systems (BESS), and data center infrastructure.The milestone also commemorates Shoals’ 30th anniversary and included a $20,000 donation to Hands of Hope to support meals across Portland and Sumner County.
PORTLAND, Tenn., May 19, 2026 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (“Shoals”) (NASDAQ: SHLS), a global leader in electrical infrastructure solutions for the energy transition market, announced the grand opening of its new Mega Facility in Portland, Tennessee, marking a major milestone in the company’s continued investment in American manufacturing and the future of energy infrastructure.

Backed by a $30 million investment with a total commitment of up to $80 million over five years, the facility strengthens Shoals’ ability to deliver safe, efficient and reliable power infrastructure solutions across solar power, battery energy storage systems (BESS), and mission-critical facilities, including data centers. This investment comes as the need for resilient, domestically produced electrical infrastructure continues to grow across the United States.

“As demand for energy infrastructure continues to accelerate, this new Mega Facility allows Shoals to scale alongside our customers and meet the needs of a rapidly evolving energy landscape,” said Brandon Moss, chief executive officer at Shoals Technologies Group, Inc. “By expanding our domestic manufacturing footprint and bringing increased capacity, we are strengthening the American energy supply chain and enabling faster, more efficient energy deployment.”

Located at 1500 Shoals Way, the new 638,000-square-foot, state-of-the-art manufacturing campus consolidates Shoals’ three existing Tennessee facilities into one centralized location, significantly expanding production capacity, increasing automation in production and packaging, and leveraging operational efficiencies to support increasing demand across the energy sector.

The opening of the Mega Facility also coincides with Shoals’ 30th anniversary, celebrating three decades of innovation. On May 18, Shoals marked both milestones with a ribbon-cutting ceremony for its new Mega Facility and a $20,000 donation to Hands of Hope, helping provide meals to residents in Portland and across Sumner County. The donation underscores Shoals’ ongoing commitment to supporting the community that has played an important role in the company’s success over the past 30 years.

“Shoals’ 30th anniversary is a moment to celebrate both our company’s success and the people and communities who have helped make it possible,” said Mr. Moss. “The opening of our new Mega Facility is an investment in the future of energy infrastructure and a commitment to the Portland community, creating jobs and supporting local families through our donation to Hands of Hope as we look ahead to our next chapter of growth.”

For more information, visit: www.shoals.com.

About Shoals Technologies Group, Inc.
Shoals Technologies Group is a leading manufacturer of advanced electrical infrastructure solutions for mission-critical applications across utility‑scale solar, battery storage, and data center power systems. Since its founding in 1996, the Company has designed innovative technologies and systems solutions that allow its customers to substantially increase installation efficiency and safety while improving system performance and reliability at scale. Shoals Technologies Group is a recognized leader in the energy transition industry. For additional information, please visit: https://www.shoals.com.

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Key Takeaways Commercial insurance pricing softened again, but U.S. casualty rates stayed firm.Catastrophe losses were moderate in Q1, easing pressure on underwriting results.Aflac, Allstate and Everest are all expected to witness significant earnings growth. The first-quarter 2026 earnings season is in full swing, and attention is now turning to the insurance industry. Several major S&P 500 players, including Marsh and The Hartford, have already posted results reflecting strong year-over-year growth, setting a constructive tone for the sector. With momentum building, the focus now shifts to the next wave of reports from Aflac Incorporated (AFL - Free Report) , The Allstate Corporation (ALL - Free Report) and Everest Group, Ltd. (EG - Free Report) , all due tomorrow. Before diving into their specifics, it’s worth examining the broader industry backdrop shaping investor sentiment.

The Insurance space belongs to the Finance sector (one of the 16 broad Zacks sectors within the Zacks Industry classification), whose overall earnings are projected to jump 27.3% from the year-ago quarter. Revenues are expected to grow 9.7%, as indicated by our latest Earnings Preview.

The Insurance Industry Setup Ahead of Q1 ReportsThe first-quarter earnings for insurance companies are expected to reflect uneven results, with profitability increasingly tied to underwriting discipline, cost control and product mix. Global commercial insurance pricing softened, marking the seventh straight quarter of decreases, per the Global Insurance Market Index released by Marsh. Abundant capacity and competition in most product lines are pushing rates lower. However, U.S. casualty line rates continued upward momentum due to claims frequency and severity.

Customer retention remains one of the top priorities for U.S. insurers, alongside rate competitiveness and digital engagement, which is boosting claims experience through fast and transparent claims handling. In Insurtech, capital is flowing more selectively, favoring larger, scalable startups with clear technology use cases. Although rising operating expenses remain a watch point for insurers, efficiency gains from Insurtech integration and automation mitigated some cost pressures.

Encouragingly, Q1 2026 Gallagher Re Natural Catastrophe and Climate Report shows that global natural catastrophe activity and losses in the first quarter were relatively moderate compared with historical norms. Total direct economic losses were estimated at around $58 billion, with approximately $20 billion of that absorbed by insurers and public entities. The first quarter marked the lowest insured loss totals in several years. While there was a noticeable ramp-up in severe convective storm activity late in the period, the overall loss costs remained manageable in the absence of an exceptionally high-cost event.

Insurers are expected to have balanced yield opportunities with liquidity and risk management, avoiding overextension into high-risk assets while capturing higher returns where appropriate. The high-for-long interest rate environment, although off recent peaks, pushed insurers to reinvest in higher-yield fixed income securities, supporting investment income.

With Aflac, Allstate and Everest Group on deck, investors are eager to see whether these macro and industry dynamics can translate into another round of earnings beats.

What’s in Store for AFL, ALL & EG on April 29?Our proprietary model clearly indicates that a company needs to have the right combination of two key elements — a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) — to increase the odds of an earnings beat.

You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Against the above backdrop, let’s find out how the following three companies are placed ahead of their March-quarter earnings release tomorrow.

Aflac: The company is expected to have benefited from improving trends in its Japan segment. Aflac Japan is projected to deliver 10.9% growth in pre-tax adjusted earnings.The total benefit-to-premium ratio for the segment stands at 62.4, down from 65.8 in the year-ago period. The Zacks Consensus Estimate for pre-tax adjusted earnings from Aflac U.S. indicates 0.3% year-over-year growth.

The Zacks Consensus Estimate for the first-quarter earnings stands at $1.81 per share, which indicates 9% growth from a year ago. Aflac’s earnings beat the Zacks Consensus Estimate in two of the last four quarters and missed twice, the average surprise being 8.3%. The consensus mark for revenues is pegged at $4.29 billion, signaling a 0.8% decline.

Our proven model predicts a likely earnings beat for Aflac this time around, as the stock has an Earnings ESP of +0.62% and a Zacks Rank #3. (Read More: Can Aflac's Japan Business Help Deliver a Quack-worthy Q1 Beat?)

You can see the complete list of today’s Zacks #1 Rank stocks here.

Allstate: This leading P&C insurer’s first-quarter revenues are expected to have been supported by nearly 8% net premiums earned growth. The Zacks Consensus Estimate for net investment income indicates 4.8% year-over-year growth from $854 million. The combined ratio for Property-Liability is pegged at 88.6%, improving from 97.4% a year ago. However, we expect interest expenses to increase 4.4% year over year in the first quarter.

The Zacks Consensus Estimate for the first-quarter earnings and top line is pegged at $7.43 per share and $17.7 billion, respectively, indicating an earnings surge of 110.5% and a revenue increase of 5.4% from the corresponding year-ago quarter’s readings. Allstate’s bottom line beat the Zacks Consensus Estimate in each of the last four quarters, the average surprise being 54.3%.

Our proven model predicts a likely earnings beat for Allstate this time around as well, as the stock has an Earnings ESP of +0.04% and a Zacks Rank #3.

Everest Group: The Zacks Consensus Estimate for EG’s net investment income indicates 4.5% year-over-year growth, driven by higher fixed maturities, improved income from limited partnerships and stronger returns from alternative investments. The consolidated combined ratio is pegged at 94.2%, a significant improvement from the year-ago level of 102.7%. However, the consensus estimate for premiums earned points to a 0.5% decline year over year.

The Zacks Consensus Estimate for the first-quarter earnings and top line stands at $14.03 per share and $4.41 billion, respectively, indicating an earnings surge of 117.5% and revenue growth of 3.4% from the corresponding year-ago quarter. Everest Group’s earnings beat the Zacks Consensus Estimate in one of the last four quarters and missed thrice, the average surprise being negative 10.8%.

Our proven model predicts a likely earnings beat for EG this time around, as the stock has an Earnings ESP of +0.54% and a Zacks Rank #3.

With all three stocks carrying positive Earnings ESPs and a Zacks Rank #3, investors will be watching closely to see if they can extend the insurance sector’s early earnings momentum.

Posted by Defense World Staff on Apr 29th, 2026

Comerica Bank lowered its position in The Allstate Corporation (NYSE:ALL – Free Report) by 6.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 64,163 shares of the insurance provider’s stock after selling 4,446 shares during the period. Comerica Bank’s holdings in Allstate were worth $13,356,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Harbor Capital Advisors Inc. grew its position in Allstate by 79.7% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 124 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 55 shares during the last quarter. Dorato Capital Management purchased a new stake in Allstate during the 4th quarter worth approximately $27,000. Barnes Dennig Private Wealth Management LLC grew its position in Allstate by 112.3% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 138 shares of the insurance provider’s stock worth $30,000 after purchasing an additional 73 shares during the last quarter. Princeton Global Asset Management LLC grew its position in Allstate by 101.3% during the 4th quarter. Princeton Global Asset Management LLC now owns 151 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 76 shares during the last quarter. Finally, Palisade Asset Management LLC purchased a new stake in Allstate during the 3rd quarter worth approximately $31,000. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Allstate Stock Performance Shares of NYSE ALL opened at $216.36 on Wednesday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.26. The Allstate Corporation has a 12 month low of $188.08 and a 12 month high of $219.48. The company has a 50 day simple moving average of $210.01 and a two-hundred day simple moving average of $205.75. The stock has a market cap of $55.87 billion, a price-to-earnings ratio of 5.67, a PEG ratio of 0.44 and a beta of 0.22.

Allstate (NYSE:ALL – Get Free Report) last announced its quarterly earnings data on Wednesday, February 4th. The insurance provider reported $14.31 EPS for the quarter, beating the consensus estimate of $8.72 by $5.59. Allstate had a net margin of 15.19% and a return on equity of 39.20%. The business had revenue of $17.35 billion during the quarter, compared to analysts’ expectations of $17.23 billion. During the same period in the previous year, the business posted $7.67 EPS. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. As a group, analysts predict that The Allstate Corporation will post 25.82 earnings per share for the current year.

Allstate Increases Dividend The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Monday, March 2nd were paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 2.0%. The ex-dividend date was Monday, March 2nd. This is a positive change from Allstate’s previous quarterly dividend of $1.00. Allstate’s dividend payout ratio (DPR) is presently 11.31%.

Wall Street Analysts Forecast Growth Several research firms have weighed in on ALL. Zacks Research downgraded shares of Allstate from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Cantor Fitzgerald reissued a “neutral” rating and set a $220.00 target price on shares of Allstate in a research report on Thursday, February 5th. Keefe, Bruyette & Woods boosted their target price on shares of Allstate from $254.00 to $260.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 10th. Mizuho dropped their target price on shares of Allstate from $281.00 to $265.00 and set an “outperform” rating on the stock in a research report on Friday, March 20th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Allstate from $260.00 to $263.00 and gave the stock an “overweight” rating in a research report on Thursday, February 5th. Three research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Allstate currently has a consensus rating of “Moderate Buy” and a consensus target price of $238.65.

Read Our Latest Report on Allstate

Allstate Profile (Free Report)

Allstate Corporation is a publicly traded insurance company headquartered in Northbrook, Illinois, and is one of the largest personal lines property and casualty insurers in the United States. Founded in 1931 as a subsidiary of Sears, Roebuck and Co, Allstate has grown into a diversified insurer that serves millions of consumers and businesses through a mix of distribution channels and product offerings.

The company underwrites a broad range of insurance products, with primary emphasis on auto and homeowners coverage.

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, /PRNewswire/ -- The Allstate Corporation (NYSE: ALL) today reported financial results for the first quarter of 2026.

"Allstate's strategy and execution capabilities generated strong earnings and increased growth in the first quarter," said Tom Wilson, who leads The Allstate Corporation. "Revenues were $16.9 billion and net income was $2.4 billion. Policies in force reached 212 million, reflecting increased growth in auto and homeowners insurance and Protection Plans. The Property-Liability combined ratio was strong, and the underlying combined ratio* improved in all personal lines products and brands. Investment income increased by 9.8%, reflecting portfolio growth and higher fixed income yields. Adjusted net income* was $2.8 billion, or $10.65 per diluted common share."

"The broad set of competitive tools created through Transformative Growth is driving strong performance," continued Wilson. "Market share of auto and homeowners insurance increased in many states due to a comprehensive approach of more affordable prices, new products, expanded benefits, bundled offerings, lower expenses, sophisticated analytics and increased marketing. This positioned Allstate and independent agents and direct distribution to capture a record amount of new business in the quarter. Retention losses were slightly lower reflecting last year's focus on improving customer experience. Protection offerings were also broadened with Protection Services policies increasing over the prior year. Shareholders benefited from strong earnings, higher dividends and increased share repurchases," concluded Wilson.

First Quarter 2026 Results

Total revenues of $16.9 billion in the first quarter of 2026 were $489 million or 3.0% higher than the prior year quarter. Net income applicable to common shareholders was $2.4 billion in the first quarter of 2026, compared to $566 million in the prior year quarter, reflecting strong underwriting results. Adjusted net income* was $2.8 billion, or $10.65 per diluted share, compared to $949 million in the prior year quarter. The Allstate Corporation Consolidated Highlights

As of or for the three months
ended March 31,

($ in millions, except per share data and ratios)

2026

2025

% / pts

Change

Consolidated revenues

$ 16,941

$ 16,452

3.0 %

Net income applicable to common shareholders

2,428

566

NM

per diluted common share

9.25

2.11

NM

Adjusted net income*

2,797

949

NM

per diluted common share*

10.65

3.53

NM

Return on Allstate common shareholders' equity (trailing twelve months)

Net income applicable to common shareholders

48.4 %

21.4 %

27.0

Adjusted net income*

44.4 %

23.7 %

20.7

Common shares outstanding (in millions)

257.8

265.1

(2.8) %

Book value per common share

$ 113.52

$    74.61

52.2 %

Total policies in force (in thousands) (1)

212,052

206,898

2.5 %

NM = not meaningful

(1)

Excludes policies in force related to the employer voluntary benefits and group health businesses sold in 2025.

*

Measures used in this release that are not based on accounting principles generally accepted in the United States of America ("non-GAAP") are denoted with an asterisk and defined and reconciled to the most directly comparable GAAP measure in the "Definitions of Non-GAAP Measures" section of this document.

Property-Liability earned premiums of $14.8 billion increased 5.5% in the first quarter of 2026 compared to the prior year, primarily driven by higher homeowners insurance average premiums and policy in force growth. Underwriting income was $2.7 billion compared to $360 million in the prior year quarter. Property-Liability Results

As of or for the three months
ended March 31,

($ in millions)

2026

2025

% / pts

Change

Premiums written

$     14,625

$     14,297

2.3 %

Premiums earned

$     14,802

$     14,027

5.5 %

Recorded combined ratio

82.0

97.4

(15.4)

Underlying combined ratio*

80.3

83.1

(2.8)

Catastrophe losses

$       1,240

$       2,202

(43.7) %

Underwriting income

$       2,658

$           360

NM

Policies in force (in thousands)

38,576

37,712

2.3 %

 NM = not meaningful

Premiums written increased 2.3% compared to the prior year quarter, reflecting policy in force growth and higher homeowners insurance average premiums. Written premium growth was less than earned premium growth reflecting lower average premiums on new insurance policies and actions to improve affordability while maintaining margins. Property-Liability combined ratio was 82.0 for the quarter, which was an improvement of 15.4 points versus the prior year quarter due to lower catastrophe losses, the benefit of prior year reserve releases and higher average earned premiums. Policies in force increased by 2.3%, led by growth in auto and homeowners insurance policies. Allstate-branded Affordable, Simple, Connected auto insurance products are now available in 45 states with the homeowners insurance product available in 36 states. Custom360® middle market standard and preferred auto and homeowners insurance products for the independent agent channel are available in 40 states. Allstate Protection auto insurance results reflect Transformative Growth execution, with strong margins and new business growth across all distribution channels.      Allstate Protection Auto Results

As of or for the three months
ended March 31,

($ in millions, except ratios)

2026

2025

% / pts

Change

Premiums written

$       9,850

$       9,848

— %

Premiums earned

$       9,547

$       9,347

2.1 %

Recorded combined ratio

81.9

91.3

(9.4)

Underlying combined ratio*

89.5

91.2

(1.7)

Underwriting income

$       1,729

$           816

111.9 %

Policies in force (in thousands)

25,758

25,100

2.6 %

Written premiums were in line with the prior year as higher policies in force were offset by lower average premiums. Earned premiums grew 2.1% compared to the prior year quarter. The recorded auto insurance combined ratio of 81.9 in the first quarter of 2026 was a 9.4 point improvement from the prior year quarter, due primarily to the benefit of prior year reserve releases. Prior year reserve liabilities were lowered by $838 million as estimated claims costs for 2023 through 2025 were reduced, improving the current quarter combined ratio by 8.8 points. The underlying auto insurance combined ratio* of 89.5 in the first quarter of 2026 was a 1.7 point improvement from the prior year quarter, reflecting improvements in the underlying loss and expense ratios. Auto insurance policies in force grew by 2.6% with a 9.4% increase in new business, reflecting expanded distribution, increased marketing, new products and sophisticated rating plans. Active brand auto insurance policies grew by 3.5%, which was partially offset by decreases in legacy Esurance and Encompass policies. Allstate Protection homeowners insurance remains a competitive advantage for Allstate. Underwriting profit of $685 million increased from a loss of $451 million in the prior year quarter, primarily reflecting 2025's California wildfire losses. Allstate Protection Homeowners Results

As of or for the three months
ended March 31,

($ in millions, except ratios)

2026

2025

% / pts

Change

Premiums written

$       3,741

$      3,453

8.3 %

Premiums earned

$       4,164

$      3,657

13.9 %

Recorded combined ratio

83.5

112.3

(28.8)

Catastrophe Losses

$       1,046

$      1,824

(42.7) %

Underlying combined ratio*

60.5

62.4

(1.9)

Underwriting income (loss)

$           685

$       (451)

NM

Policies in force (in thousands)

7,739

7,549

2.5 %

NM = not meaningful

Written premiums and earned premiums increased by 8.3% and 13.9% compared to the prior year quarter, respectively, due to higher average premiums and policy in force growth. A 6.8% increase in Allstate brand homeowners insurance average gross written premium compared to the prior year quarter reflects continued rate increases and higher home replacement costs. The recorded homeowners insurance combined ratio of 83.5 was 28.8 points below the first quarter of 2025, due to lower catastrophe losses and higher average earned premiums. Catastrophe losses of $1.0 billion in the quarter decreased $778 million compared to the prior year. The underlying combined ratio* of 60.5 improved by 1.9 points compared to the prior year quarter, primarily driven by higher average premiums. Policies in force increased 2.5% compared to the prior year quarter, primarily driven by 3.2% growth in Allstate brand homeowners insurance policies, offset by a reduction in National General legacy products. Protection Services is comprised of five businesses that broaden protection through embedded product offerings. Revenues increased to $922 million in the first quarter of 2026, 7.2% higher than the prior year quarter, primarily due to Protection Plans and Roadside. Adjusted net income of $47 million decreased by $8 million compared to the prior year quarter. Protection Services Results

Three months ended March 31,

($ in millions)

2026

2025

% / $

Change

Total revenues (1)

$           922

$           860

7.2 %

Protection Plans

613

540

13.5

Roadside

63

55

14.5

Dealer Services

148

146

1.4

Identity Protection

40

40

—

Arity

58

79

(26.6)

Adjusted net income (loss)

$             47

$             55

$          (8)

Protection Plans

41

45

(4)

Roadside

12

11

1

Dealer Services

5

4

1

Identity Protection

1

1

—

Arity

(12)

(6)

(6)

(1)  Excludes net gains and losses on investments and derivatives.

Protection Plans continued to expand distribution relationships and product offerings. Revenue of $613 million increased $73 million, or 13.5%, compared to the prior year quarter primarily due to strong international and domestic growth. Adjusted net income of $41 million in the first quarter of 2026 decreased $4 million compared to the prior year quarter. Roadside revenue of $63 million in the first quarter of 2026 increased 14.5% compared to the prior year quarter reflecting increased bundling with Allstate branded Affordable, Simple, Connected auto insurance products and higher third-party sales. Adjusted net income of $12 million in the first quarter was $1 million higher than the prior year quarter. Dealer Services generated revenue of $148 million, an increase of $2 million compared to the prior year quarter. Adjusted net income of $5 million was $1 million higher than the prior year quarter. Identity Protection revenue of $40 million in the first quarter of 2026 was in line with the prior year quarter. Adjusted net income of $1 million in the first quarter of 2026 was in line with the prior year quarter. Arity revenue of $58 million decreased $21 million compared to the prior year quarter due to lower lead generation revenue. Adjusted net loss was $12 million in the first quarter of 2026 compared to a loss of $6 million in the prior year quarter. Allstate Investments uses a proactive enterprise risk and return framework for the $85.2 billion portfolio. Net investment income of $938 million in the first quarter of 2026 increased by $84 million from the prior year quarter primarily due to market-based portfolio growth. Economic capital allocated to the investment portfolio increased in the first quarter, reflecting higher public equity exposure and the lengthening of fixed income duration to 5.7 years. Allstate Investment Results

Three months ended March 31,

($ in millions, except ratios)

2026

2025

$ / pts

Change

Net investment income

$       938

$       854

$             84

Market-based (1)

791

719

72

Performance-based (1)

207

196

11

Net gains (losses) on investments and derivatives

$     (405)

$     (349)

$           (56)

Change in unrealized net capital gains and losses, pre-tax (2)

$     (664)

$       540

$     (1,204)

Total return on investment portfolio (2)

(0.2) %

1.4 %

(1.6)

Total return on investment portfolio (2) (trailing twelve months)

4.2 %

4.7 %

(0.5)

(1)

Investment expenses are not allocated between market-based and performance-based portfolios with the exception of investee level expenses.

(2)

Includes investments held for sale.

Market-based investment income was $791 million in the first quarter of 2026, an increase of $72 million, or 10.0%, compared to the prior year quarter, reflecting growth in the asset balances to $75.2 billion in the market-based portfolio. Performance-based investment income totaled $207 million in the first quarter of 2026, an increase of $11 million compared to the prior year quarter with higher private equity and real estate income. The overall portfolio allocation to performance-based assets provides a diversifying source of attractive long-term returns; quarterly volatility in reported results is expected. Net losses on investments and derivatives were $405 million in the first quarter of 2026, compared to losses of $349 million in the prior year quarter. First quarter results primarily reflected valuation declines on public equity securities in March, which have since recovered. Unrealized net capital losses totaled $282 million (pre-tax), a $664 million decrease to the prior quarter end as higher interest rates and wider credit spreads resulted in lower fixed income valuations. Total return on the investment portfolio was negative 0.2% for the first quarter. Total return for the trailing twelve months was 4.2%. Proactive Capital Management

"Allstate's active capital management continues to create shareholder value," said John Dugenske, Interim Chief Financial Officer and President, Investments and Corporate Strategy. "Operating results generated an adjusted net income return on equity* of 44.4% over the last year. Increased capital was deployed to investment opportunities, and $881 million of cash was provided to shareholders through dividends and share repurchases," concluded Dugenske.

Visit www.allstateinvestors.com for additional information about Allstate's results, including a webcast of its quarterly conference call and the call presentation. The conference call will be at 9 a.m. ET on Thursday, April 30. Financial information, including material announcements about The Allstate Corporation, is routinely posted on www.allstateinvestors.com. 

Forward-Looking Statements

This news release contains "forward-looking statements" that anticipate results based on our estimates, assumptions and plans that are subject to uncertainty. These statements are made subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements do not relate strictly to historical or current facts and may be identified by their use of words like "plans," "seeks," "expects," "will," "should," "anticipates," "estimates," "intends," "believes," "likely," "targets" and other words with similar meanings. We believe these statements are based on reasonable estimates, assumptions and plans. However, if the estimates, assumptions or plans underlying the forward-looking statements prove inaccurate or if other risks or uncertainties arise, actual results could differ materially from those communicated in these forward-looking statements. Factors that could cause actual results to differ materially from those expressed in, or implied by, the forward-looking statements may be found in our filings with the U.S. Securities and Exchange Commission, including the "Risk Factors" section in our most recent annual report on Form 10-K. Forward-looking statements are as of the date on which they are made, and we assume no obligation to update or revise any forward-looking statement.

About Allstate

The Allstate Corporation (NYSE: ALL) protects people from life's uncertainties with affordable, simple and connected protection for autos, homes, electronic devices and identities. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. Allstate has more than 212 million policies in force and is widely known for the slogan "You're in Good Hands with Allstate." For more information, visit www.allstate.com.

THE ALLSTATE CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (UNAUDITED)

($ in millions, except par value data)

March 31,
2026

December 31,
2025

Assets

Investments

Fixed income securities, at fair value (amortized cost, net $59,338 and $58,730)

$           59,060

$           59,115

Equity securities, at fair value (cost $10,354 and $8,026)

10,431

8,398

Mortgage loans, net

868

879

Limited partnership interests

8,946

8,844

Short-term, at fair value (amortized cost $4,707 and $4,888)

4,705

4,887

Other investments, net

1,150

1,114

Total investments

85,160

83,237

Cash

697

678

Premium installment receivables, net

11,648

11,474

Deferred policy acquisition costs

6,070

6,163

Reinsurance and indemnification recoverables, net

8,422

8,501

Accrued investment income

656

708

Deferred income taxes

12

—

Property and equipment, net

606

627

Goodwill

3,118

3,118

Other assets, net

7,583

5,252

Total assets

$         123,972

$         119,758

Liabilities

Reserve for property and casualty insurance claims and claims expense

$           41,320

$           41,079

Unearned premiums

28,863

29,080

Claim payments outstanding

1,473

1,419

Deferred income taxes

—

227

Other liabilities and accrued expenses

13,238

9,874

Debt

7,491

7,490

Total liabilities

92,385

89,169

Equity

Preferred stock and additional capital paid-in, $1 par value, 25 million shares authorized,
82.0 thousand shares issued and outstanding, $2,050 aggregate liquidation preference

2,001

2,001

Common stock, $.01 par value, 2.0 billion shares authorized and 900 million issued, 258 
million and 260 million shares outstanding

9

9

Additional capital paid-in

4,169

4,158

Retained income

64,540

62,393

Treasury stock, at cost (642 million and 640 million shares)

(38,820)

(38,206)

Accumulated other comprehensive income (loss):

Unrealized net capital gains and losses

(221)

297

Unrealized foreign currency translation adjustments

(83)

(55)

Unamortized pension and other postretirement prior service credit

10

11

Discount rate for reserve for future policy benefits

2

2

Total accumulated other comprehensive (loss) income

(292)

255

Total Allstate shareholders' equity

31,607

30,610

Noncontrolling interest

(20)

(21)

Total equity

31,587

30,589

Total liabilities and equity

$         123,972

$         119,758

THE ALLSTATE CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

($ in millions, except per share data)

Three months ended
March 31,

2026

2025

Revenues

Property and casualty insurance premiums

$       15,553

$       14,698

Accident and health insurance premiums and contract charges

136

487

Other revenue

719

762

Net investment income

938

854

Net gains (losses) on investments and derivatives

(405)

(349)

Total revenues

16,941

16,452

Costs and expenses

Property and casualty insurance claims and claims expense

9,185

10,815

Accident, health and other policy benefits

76

333

Amortization of deferred policy acquisition costs

2,178

2,087

Operating costs and expenses

2,225

2,245

Pension and other postretirement remeasurement (gains) losses

19

78

Restructuring and related charges

5

16

Amortization of purchased intangibles

47

59

Interest expense

98

100

Total costs and expenses

13,833

15,733

Income from operations before income tax expense

3,108

719

Income tax expense

650

123

Net income

2,458

596

Less: Net income attributable to noncontrolling interest

1

1

Net income attributable to Allstate

2,457

595

Less: Preferred stock dividends

29

29

Net income applicable to common shareholders

$         2,428

$             566

Earnings per common share:

Net income applicable to common shareholders per common share - Basic

$           9.36

$           2.13

Weighted average common shares - Basic

259.4

265.3

Net income applicable to common shareholders per common share - Diluted

$           9.25

$           2.11

Weighted average common shares - Diluted

262.6

268.8

Definitions of Non-GAAP Measures

We believe that investors' understanding of Allstate's performance is enhanced by our disclosure of the following non-GAAP measures. Our methods for calculating these measures may differ from those used by other companies and therefore comparability may be limited.

Adjusted net income (loss) is net income (loss) applicable to common shareholders, excluding:

Net gains and losses on investments and derivatives Pension and other postretirement remeasurement gains and losses Amortization or impairment of purchased intangibles Gain or loss on disposition Adjustments for other significant non-recurring, infrequent or unusual items, when (a) the nature of the charge or gain is such that it is reasonably unlikely to recur within two years, or (b) there has been no similar charge or gain within the prior two years Related income tax expense or benefit of these items Net income (loss) applicable to common shareholders is the GAAP measure that is most directly comparable to adjusted net income.

We use adjusted net income as an important measure to evaluate our results of operations. We believe that the measure provides investors with a valuable measure of the Company's ongoing performance because it reveals trends in our insurance and financial services business that may be obscured by the net effect of net gains and losses on investments and derivatives, pension and other postretirement remeasurement gains and losses, amortization or impairment of purchased intangibles, gain or loss on disposition and adjustments for other significant non-recurring, infrequent or unusual items and the related tax expense or benefit of these items. Net gains and losses on investments and derivatives, and pension and other postretirement remeasurement gains and losses may vary significantly between periods and are generally driven by business decisions and external economic developments such as capital market conditions, the timing of which is unrelated to the insurance underwriting process. Gain or loss on disposition is excluded because it is non-recurring in nature and the amortization or impairment of purchased intangibles is excluded because it relates to the acquisition purchase price and is not indicative of our underlying business results or trends. Non-recurring items are excluded because, by their nature, they are not indicative of our business or economic trends. Accordingly, adjusted net income excludes the effect of items that tend to be highly variable from period to period and highlights the results from ongoing operations and the underlying profitability of our business. A byproduct of excluding these items to determine adjusted net income is the transparency and understanding of their significance to net income variability and profitability while recognizing these or similar items may recur in subsequent periods. Adjusted net income is used by management along with the other components of net income (loss) applicable to common shareholders to assess our performance. We use adjusted measures of adjusted net income in incentive compensation. Therefore, we believe it is useful for investors to evaluate net income (loss) applicable to common shareholders, adjusted net income and their components separately and in the aggregate when reviewing and evaluating our performance. We note that investors, financial analysts, financial and business media organizations and rating agencies utilize adjusted net income results in their evaluation of our and our industry's financial performance and in their investment decisions, recommendations and communications as it represents a reliable, representative and consistent measurement of the industry and the Company and management's performance. We note that the price to earnings multiple commonly used by insurance investors as a forward-looking valuation technique uses adjusted net income as the denominator. Adjusted net income should not be considered a substitute for net income (loss) applicable to common shareholders and does not reflect the overall profitability of our business.

The following tables reconcile net income (loss) applicable to common shareholders and adjusted net income (loss). Taxes on adjustments to reconcile net income (loss) applicable to common shareholders and adjusted net income (loss) generally use a 21% effective tax rate.

($ in millions, except per share data)

Three months ended March 31,

2026

2025

2026

2025

Consolidated

Per diluted common share

Net income applicable to common shareholders

$        2,428

$           566

$          9.25

$          2.11

Net (gains) losses on investments and derivatives

405

349

1.54

1.30

Pension and other postretirement remeasurement (gains) losses

19

78

0.07

0.29

Amortization of purchased intangibles

47

59

0.18

0.22

Gain on disposition

(6)

—

(0.02)

—

Income tax expense (benefit)

(96)

(103)

(0.37)

(0.39)

Adjusted net income *

$        2,797

$           949

$        10.65

$          3.53

Adjusted net income (loss) return on Allstate common shareholders' equity is a ratio that uses a non-GAAP measure. It is calculated by dividing the rolling 12-month adjusted net income by the average of Allstate common shareholders' equity at the beginning and at the end of the 12-months, after excluding the effect of unrealized net capital gains and losses. Return on Allstate common shareholders' equity is the most directly comparable GAAP measure. We use adjusted net income as the numerator for the same reasons we use adjusted net income, as discussed previously. We use average Allstate common shareholders' equity excluding the effect of unrealized net capital gains and losses for the denominator as a representation of common shareholders' equity primarily applicable to Allstate's earned and realized business operations because it eliminates the effect of items that are unrealized and vary significantly between periods due to external economic developments such as capital market conditions like changes in interest rates, the amount and timing of which are unrelated to the insurance underwriting process. We use it to supplement our evaluation of net income (loss) applicable to common shareholders and return on Allstate common shareholders' equity because it excludes the effect of items that tend to be highly variable from period to period. We believe that this measure is useful to investors and that it provides a valuable tool for investors when considered along with return on Allstate common shareholders' equity because it eliminates the after-tax effects of realized and unrealized net capital gains and losses that can fluctuate significantly from period to period and that are driven by economic developments, the magnitude and timing of which are generally not influenced by management. In addition, it eliminates non-recurring items that are not indicative of our ongoing business or economic trends. A byproduct of excluding the items noted above to determine adjusted net income return on Allstate common shareholders' equity from return on Allstate common shareholders' equity is the transparency and understanding of their significance to return on common shareholders' equity variability and profitability while recognizing these or similar items may recur in subsequent periods. We use adjusted measures of adjusted net income return on Allstate common shareholders' equity in incentive compensation. Therefore, we believe it is useful for investors to have adjusted net income return on Allstate common shareholders' equity and return on Allstate common shareholders' equity when evaluating our performance. We note that investors, financial analysts, financial and business media organizations and rating agencies utilize adjusted net income return on common shareholders' equity results in their evaluation of our and our industry's financial performance and in their investment decisions, recommendations and communications as it represents a reliable, representative and consistent measurement of the industry and the company and management's utilization of capital. We also provide it to facilitate a comparison to our long-term adjusted net income return on Allstate common shareholders' equity goal. Adjusted net income return on Allstate common shareholders' equity should not be considered a substitute for return on Allstate common shareholders' equity and does not reflect the overall profitability of our business.

The following tables reconcile return on Allstate common shareholders' equity and adjusted net income (loss) return on Allstate common shareholders' equity.

($ in millions)

For the twelve months ended
March 31,

2026

2025

Return on Allstate common shareholders' equity

Numerator:

Net income applicable to common shareholders

$        12,027

$          3,927

Denominator:

Beginning Allstate common shareholders' equity

$        20,054

$        16,638

Ending Allstate common shareholders' equity (1)

29,606

20,054

Average Allstate common shareholders' equity

$        24,830

$        18,346

Return on Allstate common shareholders' equity

48.4 %

21.4 %

($ in millions)

For the twelve months ended
March 31,

2026

2025

Adjusted net income return on Allstate common
shareholders' equity

Numerator:

Adjusted net income *

$        11,152

$          4,488

Denominator:

Beginning Allstate common shareholders' equity

$        20,054

$        16,638

Less: Unrealized net capital gains and losses

(351)

(819)

Adjusted beginning Allstate common shareholders' equity

20,405

17,457

Ending Allstate common shareholders' equity (1)

29,606

20,054

Less: Unrealized net capital gains and losses

(221)

(351)

Adjusted ending Allstate common shareholders' equity

29,827

20,405

Average adjusted Allstate common shareholders' equity

$        25,116

$        18,931

Adjusted net income return on Allstate common shareholders' equity *

44.4 %

23.7 %

(1)

Excludes equity related to preferred stock of $2,001 million for both periods shown.

Combined ratio excluding the effect of catastrophes, prior year reserve reestimates and amortization or impairment of purchased intangibles ("underlying combined ratio") is a non-GAAP ratio, which is computed as the difference between four GAAP operating ratios: the combined ratio, the effect of catastrophes on the combined ratio, the effect of prior year reserve reestimates, excluding catastrophes on the combined ratio, and the effect of amortization or impairment of purchased intangibles on the combined ratio. We believe that this ratio is useful to investors, and it is used by management to reveal the trends in our Property-Liability business that may be obscured by catastrophe losses, prior year reserve reestimates and amortization or impairment of purchased intangibles. Catastrophe losses cause our loss trends to vary significantly between periods as a result of their incidence of occurrence and magnitude, and can have a significant impact on the combined ratio. Prior year reserve reestimates are caused by unexpected loss development on historical reserves, which could increase or decrease current year net income. Amortization or impairment of purchased intangibles relates to the acquisition purchase price and is not indicative of our underlying insurance business results or trends. We believe it is useful for investors to evaluate these components separately and in the aggregate when reviewing our underwriting performance. The most directly comparable GAAP measure is the combined ratio. The underlying combined ratio should not be considered a substitute for the combined ratio and does not reflect the overall underwriting profitability of our business.

The following tables reconcile the respective combined ratio to the underlying combined ratio. Underwriting margin is calculated as 100% minus the combined ratio. 

Property-Liability

Three months ended
March 31,

2026

2025

Combined ratio

82.0

97.4

Effect of catastrophe losses

(8.4)

(15.7)

Effect of prior year reserve reestimates, excluding catastrophes

6.9

1.7

Effect of amortization of purchased intangibles

(0.2)

(0.3)

Underlying combined ratio*

80.3

83.1

Effect of prior year catastrophe reserve reestimates

0.1

(0.1)

Allstate Protection - Auto Insurance

Three months ended
March 31,

2026

2025

Combined ratio

81.9

91.3

Effect of catastrophe losses

(0.9)

(2.2)

Effect of prior year reserve reestimates, excluding catastrophes

8.8

2.5

Effect of amortization of purchased intangibles

(0.3)

(0.4)

Underlying combined ratio*

89.5

91.2

Effect of prior year catastrophe reserve reestimates

—

(0.1)

Allstate Protection - Homeowners Insurance

Three months ended
March 31,

2026

2025

Combined ratio

83.5

112.3

Effect of catastrophe losses

(25.1)

(49.9)

Effect of prior year reserve reestimates, excluding catastrophes

2.3

0.2

Effect of amortization of purchased intangibles

(0.2)

(0.2)

Underlying combined ratio*

60.5

62.4

Effect of prior year catastrophe reserve reestimates

(0.4)

—

SOURCE The Allstate Corporation

Allstate (ALL - Free Report) reported $17.35 billion in revenue for the quarter ended March 2026, representing a year-over-year increase of 3.2%. EPS of $10.65 for the same period compares to $3.53 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $17.7 billion, representing a surprise of -2.02%. The company delivered an EPS surprise of +43.26%, with the consensus EPS estimate being $7.43.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Allstate performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Property-Liability - Combined Ratio: 82% versus 88.9% estimated by six analysts on average.Property-Liability - Expense Ratio: 21.3% versus the five-analyst average estimate of 21.5%.Allstate Protection - Auto Insurance - Expense Ratio: 21.3% compared to the 21.6% average estimate based on five analysts.Allstate Protection - Homeowners Insurance - Loss Ratio: 61.5% versus 61% estimated by five analysts on average.Property-Liability- Net Premiums Earned: $14.8 billion compared to the $15.09 billion average estimate based on six analysts. The reported number represents a change of +5.5% year over year.Underwriting Income- Property-Liability: $2.66 billion compared to the $1.68 billion average estimate based on six analysts.Property-Liability- Net Investment Income: $845 million compared to the $798.62 million average estimate based on six analysts. The reported number represents a change of +7.9% year over year.Revenues- Protection Services: $915 million versus the five-analyst average estimate of $939.05 million. The reported number represents a year-over-year change of +7.7%.Corporate and Other- Net Investment Income: $68 million versus the five-analyst average estimate of $39.43 million. The reported number represents a year-over-year change of +209.1%.Property-Liability- Other Revenue: $544 million compared to the $521.43 million average estimate based on five analysts. The reported number represents a change of +11.5% year over year.Revenues- Property and casualty insurance premiums: $15.55 billion versus $15.81 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +5.8% change.Allstate Protection- Underwriting income (loss)- Homeowners: $685 million compared to the $730.2 million average estimate based on five analysts. The reported number represents a change of -251.9% year over year.View all Key Company Metrics for Allstate here>>>

Shares of Allstate have returned +4.4% over the past month versus the Zacks S&P 500 composite's +12.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

The Allstate Corporation (ALL) Q1 2026 Earnings Call Transcript

Bavin is devoted to supporting Charlottesville families, serving as the first volunteer firefighter and EMT to lead the Good Works Team, which recognizes 20 spring season student-athletes for their commitment to community service

Key takeaways:

Allstate and NACDA named 20 student-athletes to the 2025-26 Spring Good Works Team for their excellence in community service, academics and athletics. UVA senior Shelby Bavin was selected as team captain for her dedication to protecting families in Charlottesville, Virginia as a volunteer firefighter and EMT. The Allstate NACDA Good Works Team was created to spotlight and reward student-athletes at all levels of college sports for their outstanding community service. , /PRNewswire/ -- Allstate and the National Association of Collegiate Directors of Athletics (NACDA) today announced the 2025-26 Allstate NACDA Good Works Team (Spring), a group of 20 student-athletes who lead in their sport, academics and in communities across the country. University of Virginia (UVA) women's rowing coxswain Shelby Bavin was named team captain for her dedication to service as a first responder, protecting families across Charlottesville.

2025-26 Allstate NACDA Spring Good Works Team

Shelby Bavin, captain of the 2025-26 Allstate NACDA Spring Good Works Team The Allstate NACDA Good Works Team was created to spotlight student-athletes for their meaningful community service. Honorees include men and women from NCAA Divisions I, II and III, NAIA and junior/community colleges, with student-athletes recognized each season across spring, fall and winter sports.

This season's team was selected from 137 student-athletes nominated by their schools. Honorees receive a monetary contribution from Allstate to further support their community service, with the team captain receiving an additional contribution and surprise in-person recognition by ESPN sports commentator Holly Rowe. 

Chris DeBiase, Allstate executive vice president, chief legal officer and general counsel and collegiate sports ambassador: 
"Allstate has long believed in the power of college athletics to shape leaders. We are proud to recognize these spring honorees who are demonstrating exceptional leadership and impact through community service, and to help fuel the causes they care about. Service is leadership and we want to reward and empower the young people who prove it every day."

Holly Rowe, ESPN Sports Commentator:
"Programs like the Allstate NACDA Good Works Team make sure service and leadership are recognized alongside athletic excellence. Allstate and NACDA's commitment to celebrating student-athletes across every sport and division helps elevate stories that deserve a national spotlight, and I'm proud to help highlight student-athletes who rise to meet the needs of their communities."

UVA coxswain, volunteer firefighter and EMT Shelby Bavin named Spring Good Works Team captain 
Bavin has devoted more than 2,000 hours as a volunteer firefighter and emergency medical technician (EMT), serving with the Seminole Trail Volunteer Fire Department to provide critical emergency response to the Charlottesville and Albemarle County communities.

In addition to her work as a first responder, Bavin leads a variety of community service initiatives. She is part of the servant leadership team with Athletes in Action and has co-led organizational and fundraising efforts for UVA's Operation Christmas Child initiative that provided nearly 800 gift boxes for children across the world. She also volunteers as a student-athlete coach with Run Charlottesville, mentoring children in sportsmanship, teamwork and skill development.

As a coxswain, Bavin also leads on the water, guiding the UVA women's rowing team through every stroke.

Shelby Bavin, captain of the 2025-26 Allstate NACDA Good Works Team (Spring): 
"Competing for the University of Virginia is a privilege, but the greatest blessing has been being part of a team that supports each other far beyond the water. Service is at the heart of Virginia Rowing, and I truly strive to carry that into every aspect of my life. Through my work with the Seminole Trail Fire Department and Athletes in Action (FCA), I've pursued a deeper calling to serve others and love my neighbor. I'm grateful to Allstate and NACDA for recognizing the service that means so much to me. It is an honor to be named captain and stand alongside teammates who use their platforms to make a difference. I hope our stories inspire others to step into their communities to serve."

Meet the 20 Allstate NACDA Spring Good Works Team honorees
The 2025-26 Allstate NACDA Good Works Team (Spring) includes 10 men and 10 women across all divisions, representing collegiate sports such as rowing, beach volleyball, outdoor track and field, softball, lacrosse and tennis. Honorees support a breadth of service causes and ways student-athletes today are giving back, including:

Allyson Alden, Boise State University, Beach Volleyball: Launched the Allyson Alden's Block Party fundraiser to support mental wellness initiatives for the BroncoBOLD High School Ambassador Program.  Andrew Fang, Binghamton University, Men's Tennis: Mentors youth at Tennis Charities of Binghamton, helping them overcome social and personal obstacles through tennis. Daniel "DJ" Freese, Columbia College, Men's Golf: Volunteers with multiple Summer Kids Camps, inspiring campers through lessons on building meaningful relationships, confidence and character. Isaiah Frost, University of Missouri, Baseball: Serves as a recess and lunch mentor at Columbia Public Schools and participates in back-to-school events, holiday outreach initiatives and Martin Luther King Jr. Day of Service programming. Regan Kelly, Hartwick College, Women's Lacrosse: Organizes campus drives with the National Marrow Donor Program (NMDP) to expand donor registration and raise awareness in honor of her dad's blood cancer diagnosis following his service as a New York City fireman at ground zero on 9/11. Jacy Knox, University of Health Sciences and Pharmacy, Softball: Organizes campus blood drives with the American Red Cross, collecting 80 units of blood to help save more than 200 lives. Kamden O'Connor, Rice University, Men's Outdoor Track and Field: Devoted nearly 2,000 volunteer hours at Camp Blessing Texas, serving as a caregiver and clinician to special needs and geriatric patients. Pat Manak, NACDA chief executive officer: 
"The Allstate NACDA Good Works Team initiative continues to bring out the best in college athletics, highlighting student-athletes who are setting incredible examples as leaders and role models. To witness the impact that these young people have in communities and on campuses of all sizes across the country is special, and it is a privilege to tell their stories."

The full 2025-26 Allstate NACDA Good Works Team (Spring) roster, along with the inspiring stories of each student-athlete, can be found here.

About the Allstate NACDA Good Works Team 
The Allstate NACDA Good Works Team was established in 2024 to recognize male and female student-athletes annually across all sports and divisions for their leadership in community service, academics and athletics. The initiative surpassed 500 nominees during its inaugural year. Past honorees include women's basketball center Audi Crooks, who launched the Audi Crooks Foundation in 2025 to provide financial assistance and resources to youth engaged in education, athletics and arts programming; Loyola Chicago goalkeeper Aidan Crawford, who founded Special Olympics Loyola University Chicago to support adults with disabilities; Penn State golfer Jami Morris, who launched Hit Fore Hope, a cancer research fundraiser; and Auburn gymnast Sophia Groth, who supported student parents through nonprofit advocacy with Baby Steps. These student-athletes were recognized as Allstate NACDA Good Works Team captains for their leadership and dedication.

About Allstate's Impact Through Collegiate Athletics
Allstate's longstanding support of collegiate athletics is part of its commitment to empowering young people to lead in their communities. Allstate has been a proud member of the college athletics community for over 20 years through its university and conference sponsorships, academic scholarships, and community impact initiatives. Since 2005, the Allstate Good Hands Nets program has raised millions of dollars in scholarships with every field goal and extra point scored. Allstate recently increased donations per kick, funding more scholarships for student-athletes across all sports. Since 2008, the Allstate Good Works Teams have honored hundreds of student-athletes for their service off the field, supporting causes such as youth empowerment and hunger relief. Allstate is the title sponsor of the Allstate Sugar Bowl, one of the premier events in college football.

About NACDA
Now in its 61st year, NACDA is the professional and educational Association for more than 24,000 college athletics administrators at more than 2,300 institutions throughout the United States, Canada and Mexico. NACDA manages 19 professional associations and four foundations. In addition to virtual programming, NACDA hosts and/or has a presence at seven major professional development events in-person annually. The NACDA & Affiliates Convention is the largest gathering of collegiate athletics administrators in the country. For more information, visit www.nacda.com.

SOURCE Allstate Insurance Company

Allstate remains a "Buy," with resilient margins, robust Q1 earnings, and an attractive 8.3x P/E despite market concerns over auto margin compression. Premium disinflation is offset by muted claims inflation; margin impact is likely limited to 50 bps, supporting ALL's earnings stability. Q1 2026 saw $10.65 EPS, a 3% revenue rise, and exceptional combined ratios in both auto (81.9%) and homeowners (83.5%) segments.

, /PRNewswire/ -- The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of April of $870 million or $687 million, after-tax, from 10 wind and hail events with approximately 70% of the losses related to two events.

Allstate Protection policies in force are as follows:

Allstate Protection Policies in Force (1)

(in thousands)

April 30,
2026

March 31,
2026

April 30,
2025

Apr. 30, 2026 v
Mar. 31, 2026

Apr. 30, 2026 v
Apr. 30, 2025

Auto

25,805

25,758

25,175

0.2 %

2.5 %

Homeowners

7,764

7,739

7,571

0.3 %

2.5 %

Other personal lines

4,919

4,902

4,882

0.3 %

0.8 %

Commercial lines

179

177

184

1.1 %

(2.7) %

Total

38,667

38,576

37,812

0.2 %

2.3 %

(1)

Policy counts are based on items rather than customers. A multi-car customer would generate multiple item (policy) counts, even if all cars were insured under one policy. Lender-placed policies are excluded from policy counts because relationships are with the lenders.

Allstate Protection policies in force have been consistently growing year-over-year since March 2025, and we are increasing market share for auto in 57% of states and homeowners in 83% of states. Therefore, we are changing the frequency of reporting policies in force and next month will be the final inclusion in our Monthly Release. Policies in force will continue to be available quarterly in our earnings release.

Financial information, including material announcements about The Allstate Corporation, is routinely posted on www.allstateinvestors.com.

Forward-Looking Statements
This news release contains "forward-looking statements" that anticipate results based on our estimates, assumptions and plans that are subject to uncertainty. These statements are made subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements do not relate strictly to historical or current facts and may be identified by their use of words like "plans," "seeks," "expects," "will," "should," "anticipates," "estimates," "intends," "believes," "likely," "targets" and other words with similar meanings. We believe these statements are based on reasonable estimates, assumptions and plans. However, if the estimates, assumptions or plans underlying the forward-looking statements prove inaccurate or if other risks or uncertainties arise, actual results could differ materially from those communicated in these forward-looking statements. Factors that could cause actual results to differ materially from those expressed in, or implied by, the forward-looking statements may be found in our filings with the U.S. Securities and Exchange Commission, including the "Risk Factors" section in our most recent annual report on Form 10-K. Forward-looking statements are as of the date on which they are made, and we assume no obligation to update or revise any forward-looking statement.

About Allstate
The Allstate Corporation (NYSE: ALL) protects people from life's uncertainties with affordable, simple and connected protection for autos, homes, electronic devices, and identities. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online, and at the workplace. Allstate has 212 million policies in force and is widely known for the slogan "You're in Good Hands with Allstate." For more information, visit www.allstate.com.

SOURCE Allstate Insurance Company

A month has gone by since the last earnings report for Allstate (ALL - Free Report) . Shares have lost about 4.6% in that time frame, underperforming the S&P 500.

But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Allstate due for a breakout? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent catalysts for The Allstate Corporation before we dive into how investors and analysts have reacted as of late.

ALL Q1 Earnings Beat Estimates on Strong Underwriting, Lower Expenses

Allstate reported a first-quarter 2026 adjusted net income of $10.65 per share, which outpaced the Zacks Consensus Estimate by 43.3%. The bottom line surged 201.7% year over year.

Operating revenues of $17.3 billion grew 3.2% year over year. However, the top line missed the consensus mark by 2%.

Allstate’s quarterly results were driven by higher property and casualty insurance premiums, improved net investment income and lower catastrophe losses. Lower expenses and strong underwriting performance further aided results.

Key Takeaways From Allstate’s Q1 ResultsProperty and casualty insurance premiums improved 5.8% year over year to $15.6 billion. Net investment income of $938 million advanced 9.8% year over year on the back of a growing market-based portfolio. The metric beat the Zacks Consensus Estimate of $895 million and our estimate of $935 million. Market-based investment income rose 10% year over year to $791 million in the quarter under review.

Total costs and expenses were $13.8 billion, which decreased 12.1% year over year and was lower than our estimate of $15.5 billion. The year-over-year decline was due to decreased property and casualty insurance claims and claims expenses, accident, health and other policy benefits and Pension and other postretirement remeasurement (gains) losses. Catastrophe losses of $1.2 billion dropped 43.7% year over year.

Allstate’s pretax income increased significantly, up 332.3% year over year to $3.1 billion. As of Dec. 31, 2025, total policies in force were 212 million, up 2.5% year over year.

ALL’s Segmental PerformancesThe Property-Liability segment reported premiums earned of $14.8 billion in the first quarter, up 5.5% year over year, driven by higher average premiums in homeowners insurance and growth in policies in force. However, the metric missed both the Zacks Consensus Estimate and our estimate of $15.1 billion. Underwriting income in the segment surged 638.3% year over year to $2.7 billion. The underlying combined ratio improved 280 basis points to 80.3%.

The Protection Services segment’s revenues advanced 7.2% year over year to $922 million, aided by Allstate Protection Plans and Roadside businesses. The metric lagged our estimate of $958.9 million. Adjusted net income of $47 million declined 14.5% year over year.

Financial Update (As of March 31, 2026)Allstate exited the first quarter with a cash balance of $697 million, up from $678 million at 2025-end. Total assets increased to $124 billion from $119.8 billion at the end of 2025.

Debt remained unchanged at $7.5 billion from the 2025-end level.

Total equity increased to $31.6 billion from $30.6 billion at 2025-end.

Book value per common share was $113.52 as of March 31, 2026, up 52.2% year over year.

How Have Estimates Been Moving Since Then?Since the earnings release, investors have witnessed a upward trend in fresh estimates.

The consensus estimate has shifted 10.06% due to these changes.

VGM ScoresAt this time, Allstate has a nice Growth Score of B, a score with the same score on the momentum front. Charting a somewhat similar path, the stock has a score of A on the value side, putting it in the top 20% for value investors.

Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. Notably, Allstate has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

Performance of an Industry PlayerAllstate belongs to the Zacks Insurance - Property and Casualty industry. Another stock from the same industry, Selective Insurance (SIGI - Free Report) , has gained 4% over the past month. More than a month has passed since the company reported results for the quarter ended March 2026.

Selective Insurance reported revenues of $1.37 billion in the last reported quarter, representing a year-over-year change of +6.4%. EPS of $1.69 for the same period compares with $1.76 a year ago.

For the current quarter, Selective Insurance is expected to post earnings of $1.69 per share, indicating a change of +29% from the year-ago quarter. The Zacks Consensus Estimate has changed +1.7% over the last 30 days.

The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Selective Insurance. Also, the stock has a VGM Score of B.

In the latest close session, Allstate (ALL - Free Report) was down 2.71% at $215.02. This change lagged the S&P 500's daily gain of 0.3%. Meanwhile, the Dow experienced a drop of 0.16%, and the technology-dominated Nasdaq saw an increase of 0.86%.

Coming into today, shares of the insurer had gained 3.69% in the past month. In that same time, the Finance sector gained 1.34%, while the S&P 500 gained 1.92%.

Market participants will be closely following the financial results of Allstate in its upcoming release. It is anticipated that the company will report an EPS of $4.66, marking a 21.55% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $17.72 billion, reflecting a 5.65% rise from the equivalent quarter last year.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $29.43 per share and a revenue of $71.4 billion, representing changes of -15.5% and +5.23%, respectively, from the prior year.

Any recent changes to analyst estimates for Allstate should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 2.98% upward. Allstate is currently a Zacks Rank #3 (Hold).

In terms of valuation, Allstate is presently being traded at a Forward P/E ratio of 7.51. This valuation marks a discount compared to its industry average Forward P/E of 10.8.

Meanwhile, ALL's PEG ratio is currently 0.4. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Insurance - Property and Casualty industry stood at 2.38 at the close of the market yesterday.

The Insurance - Property and Casualty industry is part of the Finance sector. This group has a Zacks Industry Rank of 90, putting it in the top 37% of all 250+ industries.

The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.