Track market-moving stories before they get noisy

ZIM Integrated Shipping Services (ZIM - Free Report) closed the most recent trading day at $25.79, moving -2.57% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.16%. Meanwhile, the Dow gained 0.11%, and the Nasdaq, a tech-heavy index, lost 0.71%.

Prior to today's trading, shares of the container shipping company had lost 0.23% lagged the Transportation sector's gain of 1.9% and the S&P 500's gain of 8.81%.

The upcoming earnings release of ZIM Integrated Shipping Services will be of great interest to investors. The company's earnings report is expected on May 20, 2026. The company is predicted to post an EPS of -$0.22, indicating a 108.98% decline compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $1.59 billion, indicating a 20.58% decline compared to the corresponding quarter of the prior year.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$7.24 per share and revenue of $5.87 billion. These totals would mark changes of -335.06% and -14.91%, respectively, from last year.

Additionally, investors should keep an eye on any recent revisions to analyst forecasts for ZIM Integrated Shipping Services. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. ZIM Integrated Shipping Services presently features a Zacks Rank of #3 (Hold).

The Transportation - Shipping industry is part of the Transportation sector. With its current Zacks Industry Rank of 46, this industry ranks in the top 19% of all industries, numbering over 250.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.

Reported First Quarter Revenues of $1.40 Billion, Net Loss of $86 Million, Adjusted EBITDA1 of $313 Million and Adjusted EBIT1 Loss of $5 Million

, /PRNewswire/ -- ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) ("ZIM" or the "Company"), a global container liner shipping company, announced today its consolidated results for the three months ended March 31, 2026.

First Quarter 2026 Highlights

Net loss for the first quarter was $86 million (compared to a net income of $296 million in the first quarter of 2025), or diluted loss per share of $0.712 (compared to diluted earnings per share of $2.45 in the first quarter of 2025). Adjusted EBITDA for the first quarter was $313 million, a year-over-year decrease of 60%. Operating loss (EBIT) for the first quarter was $18 million, compared to operating income of $464 million in the first quarter of 2025. Adjusted EBIT loss for the first quarter was $5 million, compared to Adjusted EBIT of $463 million in the first quarter of 2025. Revenues for the first quarter were $1.40 billion, a year-over-year decrease of 30%. Carried volume in the first quarter was 866 thousand TEUs, a year-over-year decrease of 8%. Average freight rate per TEU in the first quarter was $1,310, a year-over-year decrease of 26%. Net leverage ratio1 of 1.7x as of March 31, 2026, compared to 1.3x as of December 31, 2025; net debt1 of $2.93 billion as of March 31, 2026, compared to net debt of $2.92 billion as of December 31, 2025. Eli Glickman, ZIM President & CEO, stated, "Our first quarter results were broadly in line with our expectations, reflecting a softer freight rate environment, coupled with weaker demand. Importantly, as the proposed transaction with Hapag-Lloyd moves forward and we continue to navigate the ongoing hostilities affecting Israel and the Middle East, ZIM remains firmly focused on service reliability and disciplined execution. We appreciate the strong support of our valued customers, who have remained engaged and constructive throughout this period."

Mr. Glickman added, "The conflict in the Persian Gulf has sparked a sharp increase and significant volatility in bunkering costs. While the impact on first quarter results was minimal, we expect a more meaningful effect in the second quarter, before our actions to offset these costs, including increased freight rates and bunker-specific surcharges, begin to take hold. It is also important to note that ZIM is likely to see incremental benefits from our early adoption of LNG technology and long-term agreements with Shell securing LNG supply on competitive terms. With a fleet comprised of approximately 40% LNG-powered capacity, ZIM not only offers shippers a pathway to significantly reduced carbon emissions but maintains a fuel-efficient and cost-effective fleet."

"Although market fundamentals remain challenging across ZIM's main trade lanes, we have recently observed a positive change in the trend on the Transpacific trade with freight rates strengthening alongside demand. If this momentum continues, we expect it to support our financial performance, particularly in the second half of the year. In parallel, we completed annual contract negotiations, which went into effect on May 1, maintaining similar contracted volumes to last year with approximately 65% of our Transpacific volume exposed to spot rates. This approach underpins our nimble commercial strategy and allows us to stay agile and proactive in deploying capacity as demand patterns shift. Moreover, initiatives such as ZIM on Air, a newly launched service that provides combined sea and air shipping from Asia to the U.S and Europe, underscore our innovative spirit and ability to deliver differentiated solutions. We continue to receive very positive feedback from both existing and new customers who rely on ZIM to meet their evolving shipping needs."

Mr. Glickman concluded, "Pending completion of the proposed transaction with Hapag-Lloyd, which remains subject to approvals by various regulatory authorities including the State of Israel, our commitment to operational excellence and customer service remains unchanged. The strength of our organization begins with our people, and I thank the exceptional ZIM team for its dedication and service especially during this turbulent time. With our improved cost base and modernized fleet, we believe we have built a business that is well positioned to weather near-term headwinds and support long-term profitable growth."

Summary of Key Financial and Operational Results

Q1-26

Q1-25

Carried volume (TEU in thousands) .................... 

866

944

Average freight rate ($/TEU)................................

1,310

1,776

Total revenues ($ in millions)...............................

1,396

2,007

Operating income (loss) (EBIT) ($ in millions)..... 

(18)

464

Profit (loss) before income tax ($ in millions)....... 

(98)

381

Net income (loss) ($ in millions)...........................

(86)

296

Adjusted EBITDA ($ in millions)...........................

313

779

Adjusted EBIT ($ in millions)................................

(5)

463

Net income (loss) margin (%).............................. 

(6)

15

Adjusted EBITDA margin (%)..............................

22

39

Adjusted EBIT margin (%)...................................

(0)

23

Diluted earnings (loss) per share ($)................... 

(0.71)

2.45

Net cash generated from operating
activities ($ in millions)........................................ 

263

855

Free cash flow1 ($ in millions).............................

235

787

MAR-31-26

DEC-31-25

Net debt ($ in millions)......................................... 

2,933

2,925

Financial and Operating Results for the First Quarter Ended March 31, 2026

Total revenues were $1.40 billion for the first quarter of 2026, compared to $2.01 billion for the first quarter of 2025, mainly driven by a decrease in freight rates, as well as in carried volume.

ZIM carried 866 thousand TEUs in the first quarter of 2026, compared to 944 thousand TEUs in the first quarter of 2025. The average freight rate per TEU was $1,310 for the first quarter of 2026, compared to $1,776 for the first quarter of 2025.

Operating loss (EBIT) for the first quarter of 2026 was $18 million, compared to operating income of $464 million for the first quarter of 2025. The decrease was driven primarily by the above-mentioned decrease in revenues.

Net loss for the first quarter of 2026 was $86 million, compared to net income of $296 million for the first quarter of 2025, driven primarily by the above-mentioned decrease in revenues, partially offset by the change in income taxes.

Adjusted EBITDA for the first quarter of 2026 was $313 million, compared to $779 million for the first quarter of 2025. Adjusted EBIT loss was $5 million for the first quarter of 2026, compared to Adjusted EBIT of $463 million for the first quarter of 2025. Adjusted EBITDA and Adjusted EBIT margins for the first quarter of 2026 were 22% and 0%, respectively. This compares to 39% and 23% for the first quarter of 2025, respectively.

Net cash generated from operating activities was $263 million for the first quarter of 2026, compared to $855 million for the first quarter of 2025.

Liquidity, Cash Flows and Capital Allocation

ZIM's total cash position (which includes cash and cash equivalents and investments in bank deposits and other investment instruments) decreased by $265 million from $2.80 billion as of December 31, 2025 to $2.54 billion as of March 31, 2026. Capital expenditures totaled $31 million for the first quarter of 2026, compared to $78 million for the first quarter of 2025. Net debt position as of March 31, 2026, was $2.93 billion, compared to a net debt position of $2.92 billion as of December 31, 2025, an increase of $8 million. ZIM's net leverage ratio as of March 31, 2026, was 1.7x, compared to 1.3x as of December 31, 2025.

Fleet Update

ZIM currently operates 114 containerships with a total capacity of 699 thousand TEUs, as well as 13 car carriers, compared to 126 containerships with total capacity of 774 thousand TEU and 15 car carriers as of our Q1 2025 earnings release (May 19, 2025).

In addition, the Company has 10 containerships scheduled for charter expiration in 2026, representing an aggregate capacity of approximately 36 thousand TEU. In 2027, 17 containerships are scheduled for charter expiration, representing an aggregate capacity of approximately 34 thousand TEU.

ZIM has entered into charter agreements for an aggregate of approximately 250 thousand TEU of newbuild capacity, with deliveries scheduled for future periods, including:

Four 8,000 TEU vessels with charter durations between 5 to 7.5 years and expected delivery between the second half of 2026 and the first half of 2027 Ten 11,500 TEU dual-fuel LNG vessels with charter duration of 12 years and expected delivery between 2027 and 2028. ZIM holds options to purchase these vessels Two containerships with capacity of 12,000 TEU, scheduled for delivery between 2027 and 2028, with charter periods of up to five years, in addition to optional extensions 20 ships with capacity ranging from 3,000 to 5,000 TEU, scheduled for delivery between 2027 and 2028, with charter periods of up to five years, in addition to optional extensions Volume Breakdown by Geographic Trade Zone (K TEU)*

Three months ended March 31

2026

2025

Pacific

391

385

Cross-Suez

66

85

Atlantic

114

140

Intra-Asia

198

193

Latin America

97

141

Total

866

944

* The table above may contain slight summation differences due to rounding.

First Quarter 2026 Dividend

In accordance with its dividend policy and in light of the net loss recorded in the first quarter of 2026, the Company will not pay a dividend to shareholders on account of its first quarter results.

All future dividends are subject to the discretion of Company's Board of Directors and to the restrictions provided by Israeli law. In addition, distribution of special dividends is restricted under the merger agreement between the Company and Hapag-Lloyd.

Transaction with Hapag-Lloyd

On February 16, 2026, ZIM announced that it entered into a merger agreement with Hapag-Lloyd, under which Hapag-Lloyd will acquire ZIM for $35.00 per share in cash. The transaction was unanimously approved by ZIM's Board of Directors and approved by shareholders at a special meeting held on April 30, 2026. The transaction remains subject to satisfaction of customary closing conditions, including approvals by various regulatory authorities among them the State of Israel pursuant to the requirements of the Special State Share (the "Golden Share") and is expected to close in the fourth quarter of 2026.

Until the closing of the transaction, Hapag-Lloyd and ZIM will remain separate independent companies and ZIM will continue to operate in the ordinary course.

Conference Call Update

In light of the proposed transaction with Hapag-Lloyd, ZIM will not host a conference call in connection with its first quarter 2026 results.

About ZIM

Founded in Israel in 1945, ZIM (NYSE: ZIM) is a leading global container liner shipping company with operations in more than 90 countries, serving over 30,000 customers across more than 300 ports worldwide. ZIM leverages digital strategies and a commitment to ESG values to provide customers innovative seaborne transportation and logistics services and exceptional customer experience. ZIM's differentiated global-niche strategy, based on agile fleet management and deployment, covers major trade routes with a focus on select markets where the company holds competitive advantages. Additional information about ZIM is available at www.ZIM.com.

Forward-Looking Statements

The following information contains, or may be deemed to contain forward-looking statements (as defined in the U.S. Private Securities Litigation Reform Act of 1995). In some cases, you can identify these statements by forward-looking words such as "may," "might," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of these terms and other comparable terminology. These forward-looking statements, which are subject to risks, uncertainties, assumptions, and other important factors, may include statement regarding macroeconomic and geopolitical conditions, chartering agreements, anticipated capacity, and the timing thereof, statements relating to the timing and closing of the merger agreement with Hapag-Lloyd, the Company's anticipated growth strategies and anticipated trends in its business. These statements are only predictions based on the Company's current expectations and projections about future events or results. There are important factors that could cause the Company's actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause such differences include, but are not limited to: our expectations regarding general market conditions as a result of the current geopolitical instability, developments and further escalation of events, including, but not limited to, risks and uncertainties relating to outcome of the merger agreement with Hapag-Lloyd, the current military conflict between Israel and the U.S. against Iran and some of its proxies, the Houthi attacks against vessels in the Red Sea, the war between Israel and Hamas, Iran and Iranian-backed proxies (including its impact on the Strait of Hormuz), the political and military instability in the Middle East and the war between Russia and Ukraine; our expectations regarding general market conditions as a result of global economic trends, including potential rising inflation and interest rates as a result of geopolitical and other events; our expectations regarding trends related to the global container shipping industry, including with respect to fluctuations in vessel and container supply, industry consolidation, demand for containerized shipping services, bunker and alternative fuel prices and supply, charter and freights rates, container values and other factors affecting supply and demand; our plans regarding our business strategy, areas of possible expansion and expected capital spending or operating expenses; our ability to adequately respond to political, economic and military instability in Israel and the Middle East (particularly as a result of the Israel-Hamas war and the Israel-Hezbollah and Israel-Iran armed conflicts), and our ability to maintain business continuity as an Israeli-incorporated company in times of emergency; our ability to effectively handle cyber-security threats and recover from cyber-security incidents, including in connection with the war between Israel and Iran and Iranian-backed proxies; our anticipated ability to obtain additional financing in the future to fund expenditures; our expectation of modifications with respect to our and other shipping companies' operating fleet and lines, including the utilization of larger vessels within certain trade zones and modifications made in light of environmental regulations; the expected benefits of our cooperation agreements and strategic partnerships; formation of new alliances among global carriers, changes in and disintegration of existing alliances and collaborations, including alliances and collaborations to which we are not a party to; our anticipated insurance costs; our expectations regarding the availability of crew; our expectations regarding our environmental and regulatory conditions, including extreme weather events (such as the drought conditions in the Panama Canal), changes in laws and regulations or actions taken by regulatory authorities, and the expected effect of such regulations; our expectations regarding potential liability from current or future litigation; our plans regarding hedging activities; our ability to pay dividends in accordance with our dividend policy; our expectations regarding our competition and ability to compete effectively, and other risks and uncertainties detailed from time to time in the Company's filings with the U.S. Securities and Exchange Commission (SEC), including under the caption "Risk Factors" in its 2025 Annual Report filed with the SEC on March 9, 2026. 

Although the Company believes the expectations reflected in the forward-looking statements contained herein are reasonable, it cannot guarantee future results, level of activity, performance or achievements. The Company assumes no duty to update any of these forward-looking statements after the date hereof to conform its prior statements to actual results or revised expectations, except as otherwise required by law.

The Company prepares its financial statements in accordance with IFRS Accounting Standards (IFRSs), as issued by the International Accounting Standards Board (IASB).

Use of Non-IFRS Financial Measures

The Company presents non-IFRS measures as additional performance measures as the Company believes that it enables the comparison of operating performance between periods on a consistent basis. These measures should not be considered in isolation, or as a substitute for operating income, any other performance measures, or cash flow data, which were prepared in accordance with IFRS as measures of profitability or liquidity. Please note that Adjusted EBITDA does not take into account debt service requirements or other commitments, as well as capital expenditures, and therefore, does not necessarily indicate the amounts that may be available for the Company's use. In addition, the non-IFRS financial measures presented by the Company may not be comparable to similarly titled measures reported by other companies due to differences in the way these measures are calculated.

Adjusted EBITDA is a non-IFRS financial measure which we define as net income (loss) adjusted to exclude financial expenses (income), net, income taxes, depreciation and amortization in order to reach EBITDA, and further adjusted, as applicable, to exclude impairment of assets (or the reversal of which), capital gains (losses) beyond the ordinary course of business, expenses related to legal contingencies and acquisition related expenses (compensation costs and professional fees).

Adjusted EBIT is a non-IFRS financial measure which we define as net income (loss) adjusted to exclude financial expenses (income), net and income taxes, in order to reach our results from operating activities, or EBIT, and further adjusted, as applicable, to exclude impairment of assets (or the reversal of which), capital gains (losses) beyond the ordinary course of business, expenses related to legal contingencies and acquisition related expenses (compensation costs and professional fees).

Free cash flow is a non-IFRS financial measure which we define as net cash generated from operating activities minus capital expenditures, net.

Net debt is a non-IFRS financial measure which we define as face value of short- and long-term debt, minus cash and cash equivalents, bank deposits and other investment instruments.  We refer to this measure as net cash when cash and cash equivalents, bank deposits and other investment instruments exceed the face value of short- and long-term debt.

Net leverage ratio is a non-IFRS financial measure which we define as net debt (see above) divided by Adjusted EBITDA for the last twelve-month period. When our net debt is less than zero, we report the net leverage ratio as zero.

See the reconciliation of net income to Adjusted EBIT and Adjusted EBITDA and net cash generated from operating activities to free cash flow in the tables provided below.

1 See "Use of Non-IFRS Financial Measures." A reconciliation of each non-IFRS financial measure to its closest respective IFRS measure is provided in the tables below.
2 The number of shares used to calculate the diluted earnings per share is 120,477,221. The number of outstanding shares as of March 31, 2026 was 120,519,658.  

Investor Relations:

Elana Holzman
ZIM Integrated Shipping Services Ltd.
+972-4-865-2300
[email protected]

Leon Berman
The IGB Group
212-477-8438
[email protected]

Media:

Avner Shats
ZIM Integrated Shipping Services Ltd.
+972-4-865-2520
[email protected]

CONSOLIDATED BALANCE SHEET (Unaudited)
(U.S. dollars in millions)

March 31

December 31

2026

2025

2025

Assets

Vessels

5,560.5

5,727.5

5,801.7

Containers and handling equipment

1,084.2

1,065.6

1,102.1

Other tangible assets

137.0

105.2

137.8

Intangible assets

108.5

110.3

109.4

Investments in associates 

34.4

22.0

28.6

Other investments

967.9

1,109.0

1,051.7

Other receivables

121.6

55.5

137.0

Deferred tax assets

8.8

7.6

9.2

Total non-current assets

8,022.9

8,202.7

8,377.5

Inventories

206.6

217.5

167.8

Trade and other receivables

720.9

760.0

676.0

Other investments

705.7

765.4

735.1

Cash and cash equivalents

921.6

1,546.1

1,051.7

Total current assets

2,554.8

3,289.0

2,630.6

Total assets

10,577.7

11,491.7

11,008.1

Equity

Share capital and reserves

2,046.5

2,039.8

2,051.4

Retained earnings

1,777.7

1,918.1

1,969.5

Equity attributable to owners of the Company

3,824.2

3,957.9

4,020.9

Non-controlling interests

3.9

6.0

4.7

Total equity

3,828.1

3,963.9

4,025.6

Liabilities

Lease liabilities

4,320.7

4,539.7

4,551.6

Loans and other liabilities

43.1

55.5

47.2

Employee benefits

71.5

55.2

63.4

Deferred tax liabilities

164.3

83.6

186.2

Total non-current liabilities

4,599.6

4,734.0

4,848.4

Trade and other payables

703.7

1,137.8

636.4

Provisions

117.6

85.4

118.4

Contract liabilities

214.2

287.7

239.9

Lease liabilities

1,074.0

1,235.1

1,096.5

Loans and other liabilities

40.5

47.8

42.9

Total current liabilities

2,150.0

2,793.8

2,134.1

Total liabilities

6,749.6

7,527.8

6,982.5

Total equity and liabilities

10,577.7

11,491.7

11,008.1

CONSOLIDATED INCOME STATEMENTS (Unaudited)
(U.S. dollars in millions, except per share data)

Three months ended
March 31

Year ended
December 31

2026

2025

2025

Income from voyages and related services

1,396.5

2,006.6

6,904.2

Cost of voyages and related services:

Operating expenses and cost of services

(1,031.7)

(1,162.6)

(4,460.8)

Depreciation

(307.6)

(310.8)

(1,259.5)

Impairment reversal of assets

137.0

Gross profit

57.2

533.2

1,320.9

Other operating income

25.4

12.5

43.4

Other operating expenses

(0.1)

(1.5)

General and administrative expenses

(96.2)

(79.0)

(336.3)

Share of loss of associates

(4.6)

(2.4)

(10.5)

Results from operating activities 

(18.3)

464.3

1,016.0

Finance income

32.3

40.0

133.1

Finance expenses

(112.2)

(123.8)

(490.6)

Net finance expenses

(79.9)

(83.8)

(357.5)

Profit (loss) before income taxes

(98.2)

380.5

658.5

Income taxes

11.9

(84.4)

(177.0)

Profit (loss) for the period

(86.3)

296.1

481.5

Attributable to:

Owners of the Company

(86.0)

295.3

479.2

Non-controlling interests    

(0.3)

0.8

2.3

Profit (loss) for the period

(86.3)

296.1

481.5

Earnings (loss) per share (US$)

Basic earnings (loss) per 1 ordinary share

(0.71)

2.45

3.98

Diluted earnings (loss) per 1 ordinary share

(0.71)

2.45

3.98

Weighted average number of shares for earnings (loss) per share calculation:

Basic

120,477,221

120,439,282

120,453,671

Diluted

120,477,221

120,508,654

120,515,854

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
(U.S. dollars in millions)

Three months ended
March 31

Year ended
December 31

2026

2025

2025

Cash flows from operating activities

Profit (loss) for the period

(86.3)

296.1

481.5

Adjustments for:

Depreciation and amortization

318.0

315.9

1,286.1

Impairment reversal

(137.0)

Net finance expenses 

79.9

83.8

357.5

Share of losses and change in fair value of investees

(15.4)

2.4

5.6

Capital gain, net

(4.8)

(11.9)

(37.6)

Income taxes

(11.9)

84.4

177.0

Other non-cash items

0.2

0.4

(0.1)

279.7

771.1

2,133.0

Change in inventories

(38.8)

(5.3)

44.4

Change in trade and other receivables

(37.8)

181.8

262.3

Change in trade and other payables, including contract liabilities  

30.3

(126.2)

(267.1)

Change in provisions and employee benefits

7.6

1.4

35.6

(38.7)

51.7

75.2

Dividends received from associates

1.2

1.0

1.9

Interest received

27.5

30.4

113.7

Income taxes received (paid)

(7.0)

0.5

(24.3)

Net cash generated from operating activities

262.7

854.7

2,299.5

Cash flows from investing activities

Proceeds from sale of tangible assets, intangible assets, and interest in investees

3.7

9.9

36.6

Acquisition and capitalized expenditures of tangible assets, intangible assets and interest in investees

(31.3)

(78.0)

(217.7)

Disposal (acquisition) of investment instruments, net

46.5

(13.2)

148.6

Loans granted to investees

(3.5)

(1.9)

(8.1)

Change in other receivables

7.8

7.4

(67.5)

Change in other investments (mainly deposits), net

82.2

34.1

(25.2)

Net cash generated from (used in) investing activities

105.4

(41.7)

(133.3)

Cash flows from financing activities

Repayment of lease liabilities and borrowings

(281.3)

(460.4)

(1,439.6)

Dividend paid to non-controlling interests

(0.4)

(0.2)

(3.8)

Dividend paid to owners of the Company

(106.1)

(515.6)

Interest paid

(110.6)

(121.7)

(474.3)

Net cash used in financing activities

(498.4)

(582.3)

(2,433.3)

Net change in cash and cash equivalents

(130.3)

230.7

(267.1)

Cash and cash equivalents at beginning of the period

1,051.7

1,314.7

1,314.7

Effect of exchange rate fluctuation on cash held

0.2

0.7

4.1

Cash and cash equivalents at the end of the period

921.6

1,546.1

1,051.7

RECONCILIATION OF NET INCOME TO ADJUSTED EBIT*
(U.S. dollars in millions)

Three months ended
March 31

Year ended
December 31

2026

2025

2025

Net income (loss)

(86)

296

481

Financial expenses, net

80

84

358

Income taxes

(12)

84

177

Operating income (loss) (EBIT)

(18)

464

1,016

Capital loss (gain), beyond the ordinary course of business

(1)

(2)

(3)

Impairment reversal of assets

(137)

Acquisition related expenses

14

Expenses related to legal contingencies

9

Adjusted EBIT

(5)

463

885

Adjusted EBIT margin

0 %

23 %

13 %

* The table above may contain slight summation differences due to rounding.

RECONCILIATION OF NET INCOME TO ADJUSTED EBITDA*
(U.S. dollars in millions)

Three months ended
March 31

Year ended
December 31

2026

2025

2025

Net income (loss)

(86)

296

481

Financial expenses, net

80

84

358

Income taxes

(12)

84

177

Depreciation and amortization

318

316

1,286

EBITDA

300

780

2,302

Capital loss (gain), beyond the ordinary course of business

(1)

(2)

(3)

Impairment reversal of assets

(137)

Acquisition related expenses

14

Expenses related to legal contingencies

9

Adjusted EBITDA

313

779

2,171

Net income (loss) margin

-6 %

15 %

7 %

Adjusted EBITDA margin

22 %

39 %

31 %

* The table above may contain slight summation differences due to rounding.

RECONCILIATION OF NET CASH GENERATED FROM
OPERATING ACTIVITIES TO FREE CASH FLOW*
(U.S. dollars in millions)

Three months ended
March 31

Year ended
December 31

2026

2025

2025

Net cash generated from operating activities                   

263

855

2,300

Capital expenditures, net

(28)

(68)

(280)

Free cash flow

235

787

2,020

* The table above may contain slight summation differences due to rounding.                                   

Logo - https://mma.prnewswire.com/media/1933864/ZIM_Logo.jpg

SOURCE Zim Integrated Shipping Services Ltd.

Ongoing tensions in the Strait of Hormuz have gone from a temporary shipping disruption to a lasting driver of expanded margins for shipping companies.  The effective closure of this critical waterway has constrained global fleet capacity, allowing operators with unhedged spot exposure and modern tonnage to capture unprecedented pricing premiums. This supply chain bottleneck is creating immediate, outsized yield generation and, in some cases, lucrative merger arbitrage opportunities for astute investors.

Get CMB.TECH alerts:

The New Economics of Ocean FreightThe shift in the Hormuz crisis from a potential short-term military conflict to a protracted diplomatic stalemate is a development that the market appears to have mispriced. This stalemate has effectively trapped a significant portion of the global container and tanker fleet, creating a supply shock that has sent ocean freight spot rates soaring.

CMB.TECH Today

$15.48 +0.54 (+3.58%)

As of 03:59 PM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$7.78▼

$17.72Dividend Yield4.01%

P/E Ratio9.16

Operators are successfully implementing emergency war risk surcharges, adding thousands of dollars per container to already inflated prices. This direct pass-through of risk translates into explosive margin expansion for those positioned to capitalize on it.

The most direct validation of this thesis comes from CMB.TECH NYSE: CMBT, which reported solid first-quarter results.

The Antwerp-based shipper posted earnings per share (EPS) of $1.27, beating the consensus estimate of 39 cents.

This performance was driven by a 813% year-over-year (YOY) jump in net income to $368.8 million on the back of revenue that more than doubled to $519.6 million.

Dorian LPG Today

$45.14 +1.60 (+3.66%)

As of 03:59 PM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$23.76▼

$48.12P/E Ratio9.92

Price Target$55.00

Similarly, in the very large gas carrier (VLGC) segment, Dorian LPG NYSE: LPG saw its Time Charter Equivalent (TCE) rate, a key industry metric for vessel earnings, climb past 80% YOY to $63,615 per available day.

This drove a 102% revenue increase and an adjusted EPS of $1.89, comfortably beating estimates.

These figures are not anomalies; they are direct financial readouts of the new economics of maritime shipping in a capacity-constrained world.

Securing Long-Term Yield From Short-Term CrisisIn this environment, strategic fleet management becomes paramount. Companies are deploying distinct strategies to convert market chaos into both immediate and long-term value. CMB. TECH's management has leveraged the red-hot tanker market not only by capturing historically high spot rates but also by strategically selling older vessels at above-average prices.

This dual approach maximizes returns from the current environment. Critically, CMB.TECH is also converting near-term strength into long-term stability by expanding its contract backlog to a hefty $3.26 billion through new, lucrative 10-year Suezmax time charters. This establishes a solid cash flow floor that will persist even if spot rates eventually normalize. CMB's modern, super eco fleet also provides a competitive edge, allowing it to command premium pricing and absorb the 50% spike in heavy fuel oil prices, demonstrating significant operational efficiency.

Dorian LPG is taking a different but equally effective tack, focusing on direct shareholder returns. Dorian is capitalizing on structural tailwinds that pre-dated Hormuz, such as Panama Canal transit limitations and U.S. export infrastructure constraints. The current crisis has acted as a powerful accelerant. Dorian LPG recently sold a 2016-built vessel for net proceeds of $81.9 million. That liquidity injection immediately supported the declaration of an irregular cash dividend of $1 per share. This strategy showcases a clear commitment to returning capital to shareholders during periods of outsized profitability, rewarding investors for the cyclical upswing.

The Arbitrage Strait: Finding Hidden Value in Geopolitical RiskThe market disruption has also created complex special situations that go beyond simple earnings momentum. While its peers post record profits, ZIM Integrated Shipping Services Ltd. NYSE: ZIM reported a Q1 net loss of $86 million. This headline figure, however, obscures the real story and presents a different kind of opportunity. The loss reflected legacy contracts that did not capture the full impact of the Hormuz squeeze.

ZIM Integrated Shipping Services Today

ZIM

ZIM Integrated Shipping Services

$26.20 +0.29 (+1.10%)

As of 03:59 PM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$12.33▼

$29.97Dividend Yield0.23%

P/E Ratio32.34

Price Target$17.83

The primary driver of ZIM Integrated Shipping is not its immediate earnings potential but its status as a special-situation asset. ZIM is subject to a pending all-cash acquisition by Hapag-Lloyd OTCMKTS: HPGLY at $35 per share. With ZIM Integrated Shipping's stock currently trading at a significant discount, this presents a potential arbitrage spread of approximately 40%.

The investment thesis for ZIM Integrated Shipping is therefore not a bet on an earnings rebound but a calculated play on the deal's completion. The main hurdle is securing regulatory approval from the Israeli government for its Golden Share, a process complicated by the current regional conflict. A successful closing by the targeted Q4 2026 date would deliver a substantial return, making ZIM Integrated Shipping a high-risk, high-reward geopolitical arbitrage play born directly from the sector's turbulence.

Plotting a Course Through Sector VolatilityThe maritime shipping sector is undergoing significant dislocation, creating distinct investment opportunities. For investors seeking direct exposure to powerful earnings momentum, the operational performance of CMB.TECH and Dorian LPG suggests they are well-positioned to continue benefiting from elevated freight rates.

For those with a higher risk tolerance, ZIM Integrated Shipping offers a compelling arbitrage opportunity tied to geopolitical outcomes. The primary risk for the entire sector remains a sudden diplomatic resolution in the Strait of Hormuz, which could unlock trapped capacity and lead to a rapid correction in spot rates. Investors might consider these divergent opportunities and their associated risks as they evaluate exposure to this volatile but potentially rewarding industry.

Should You Invest $1,000 in CMB.TECH Right Now?Before you consider CMB.TECH, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CMB.TECH wasn't on the list.

While CMB.TECH currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Click the link to see MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.

Get This Free Report

, /PRNewswire/ -- ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) ("ZIM" or the "Company"), a global container liner shipping company, announced today the appointment of Dr. Chen Lichtenstein as its new President and Chief Executive Officer following the resignation on April 15, 2026, of Eli Glickman, the existing President and Chief Executive Officer. The appointment of Dr. Lichtenstein will become effective as of July 1, 2026, at which time Dr. Lichtenstein will also become a member of the Board of Directors of the Company. The employment agreement between the Company and Dr. Lichtenstein will be brought to shareholder approval as required by the Israeli Companies Law of 1999.

Dr. Lichtenstein brings with him extensive management, business and financial experience in the global arena, including leading complex international companies, managing growth processes, integration and organizational change, operating in international markets and working with boards of directors, shareholders and global investment bodies.

From 2020 to 2023, he served as the Chief Financial Officer at Syngenta Group, a global agricultural technology company, and was also responsible for strategy, integration and productivity. In this role, he was a key partner in building the global group, which included Syngenta Seeds, Syngenta Crop Protection, ADAMA and the Group's operations in China, and led significant steps towards growth, synergies, efficiency and management of a complex debt structure. Prior to his position at Syngenta Group, Dr. Lichtenstein served as the President and CEO of ADAMA Ltd. (formerly known as Makhteshim Agan Industries Ltd.) from 2014 to 2020, which he led during a period of significant, industry-leady growth, improved profitability and cash flow, integration with ChemChina's operations, and a listing on the Shenzhen Stock Exchange. From 2013 to 2014, Dr. Lichtenstein also served as President and CEO of China National Agrochemical Corporation, ChemChina's strategic agrochemical division, and parent of Syngenta Group. From 2006 to 2013 he served as the Deputy Chief Executive Officer, Head of Global Operations and held various other roles within Makhteshim Agan Industries, where he led, among other things, broad areas of activity including global operations, business development, integration in China, R&D, supply chain, purchasing and manufacturing. Previously Dr. Lichtenstein served as a senior investment banking executive at Goldman Sachs in New York and London from 1999 to 2006, where he led acquisition and financing transactions of significant scope.

Dr. Lichtenstein currently serves as a member of the Board of Directors at Teva Pharmaceuticals Ltd., as chairman of the board of directors at international companies in the fields of environmental sciences and biotechnology and as a senior advisor to international investment entities. Dr. Lichtenstein holds joint doctoral degrees from the Graduate School of Business and the School of Law at Stanford University, a B.Sc. in Physics from the Faculty of Mathematics and Natural Sciences, summa cum laude, and an LL.B. from the Faculty of Law, cum laude, at the Hebrew University of Jerusalem.

Dr. Lichtenstein was appointed following a search process, which was conducted on behalf of the ZIM Board of Directors, with the participation of the directors Yair Seroussi, the Chairman of the Board, Dr. Yoram Turbowicz and Yair Avidan.

Yair Seroussi, Chairman of the Board, stated, "Dr. Chen Lichtenstein is a highly experienced top-tier international executive, with a unique combination of extensive managerial experience, financial depth, strategic insight, and the ability to lead complex global organizations. His broad experience in managing international companies, working with global markets, shareholders, and boards of directors, together with his judgment and experience in leading transformation and integration processes, make him the right executive to lead ZIM at this time. We thank Eli Glickman for his significant contribution to the Company and wish Chen great success in his role."

Dr. Lichtenstein, ZIM President and CEO-appointee stated, "I thank ZIM's Board of Directors for its confidence and for the opportunity to lead a global Israeli company with a meaningful legacy, growth and business success, broad international operations, and outstanding people. ZIM operates in a dynamic, competitive, and complex market, and I attach great importance to maintaining the Company's stability, strengthening its performance and business capabilities, and continuing to create value for customers, employees, partners, and shareholders."

About ZIM

Founded in Israel in 1945, ZIM (NYSE: ZIM) is a leading global container liner shipping company with operations in more than 90 countries, serving over 30,000 customers across more than 300 ports worldwide. ZIM leverages digital strategies and a commitment to ESG values to provide customers innovative seaborne transportation and logistics services and exceptional customer experience. ZIM's differentiated global-niche strategy, based on agile fleet management and deployment, covers major trade routes with a focus on select markets where the company holds competitive advantages. Additional information about ZIM is available at www.ZIM.com.

Investor Relations:
Elana Holzman
ZIM Integrated Shipping Services Ltd.
+972-4-865-2300
[email protected]

Leon Berman
The IGB Group
212-477-8438
[email protected]

Media:
Avner Shats
ZIM Integrated Shipping Services Ltd.
+972-4-865-2520
[email protected]

Logo: https://mma.prnewswire.com/media/1933864/ZIM_Logo.jpg 

SOURCE ZIM Integrated Shipping Services Ltd.

"I like the shipping stocks, but then all the stuff that's come up with the war, we recognize a little more valuable than I thought with 14% yield," he said. "I would buy some."

Cramer expects BlackBerry Ltd's (NYSE:BB) stock to rise, as the company has "some really interesting technology in the auto world".

Cramer recommended investors cut their losses if they owned Power Solutions International Inc (NASDAQ:PSIX), given the huge miss in their latest quarterly results. "I'm not kidding, it's going to have to wait a full quarter before you ever want to buy that one again," he added.

Price Action ZIM Integrated Shipping Services shares rallied 5.24% to close at $24.72 on Friday. Eagle Nuclear Energy's stock was up almost 4% during the session. Shares of BlackBerry had risen 8.00% to settle at $9.72 on Friday. Power Solutions International's stock tanked 5.52% to $39.38. Honeywell International shares lost 1.32% to close at $236.54 on Monday. Image: Shutterstock

Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

To add Benzinga News as your preferred source on Google, click here.

, /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Camping World Holdings, Inc. ("Camping World" or the "Company") (NYSE: CWH). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. 

The class action concerns whether Camping World and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

You have until May 11, 2026, to ask the Court to appoint you as Lead Plaintiff for the class if you purchased or otherwise acquired Camping World securities during the Class Period. A copy of the Complaint can be obtained at www.pomerantzlaw.com.   

[Click here for information about joining the class action]  

On October 28, 2025, after the market closed, Camping World released its third quarter 2025 financial results, reporting, among other things, that "new vehicle revenue was $766.8 million for the third quarter, a decrease of $58.1 million, or 7.0%," "average selling price of new vehicles sold decreased 8.6%," and "new vehicle gross margin was 12.7%, a decrease of 81 basis points, driven primarily by the 8.6% decrease in the average selling price per new vehicle sold."  The Company further disclosed that "total gross margin was 28.6%, a slight decrease of 27 basis points," and "the slight gross margin decrease was primarily from the reduced average selling price per new vehicle sold."  Camping World said it saw 2026 as a "consecutive year of Adjusted EBITDA growth, starting in the low $300 million range."  

On this news, Camping World's stock price fell $4.17 per share, or 24.8%, to close at $12.65 per share on October 29, 2025. 

Then, on February 24, 2026, after the market closed, Camping World released its fourth quarter 2025 results, reporting, among other things, that it had "implemented strict, corrective inventory management objectives to structurally improve [its] turnover rates" creating gross margin headwinds into 2026.  The Company reported financial results, including that "net loss was $(109.1) million for the fourth quarter of 2025, an increased loss of $49.6 million, or 83.3%," "adjusted EBITDA was $(26.2) million, an increased loss of $23.7 million," "gross profit was $338.2 million, a decrease of $38.7 million, or 10.3%, and total gross margin was 28.8%, a decrease of 247 basis points."  Camping World also reported that "new vehicle gross margin was 12.3%, a decrease of 291 basis points," and "used vehicle gross margin was 16.0%, a decrease of 277 basis points," both due to an increase in the average cost per vehicle sold and a decrease in average selling price, "driven in part by accelerated sales of aged used vehicles in December."  Camping World additionally reported Selling, General & Administrative as a percent of gross profit of 85%, a year-over-year improvement of only 190 basis points, falling well short of the Company's prior guidance for 300 to 400 basis-point improvement.  Finally, Camping World announced that it would be pausing its quarterly cash dividend, effective immediately, "following consideration of forecasted tax distributions, the reduced availability of excess tax distributions to fund dividend payments driven partly by the impact of recent tax law changes, and in consideration of the Company's focus on reducing net debt leverage." 

On this news, Camping World's stock price fell $1.79 per share, or 16.5%, to close at $9.06 per share on February 25, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com. 

Attorney advertising. Prior results do not guarantee similar outcomes.  

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980 

SOURCE Pomerantz LLP

NEW YORK, May 07, 2026 (GLOBE NEWSWIRE) -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against Camping World Holdings, Inc. (NYSE: CWH) and certain of its officers.

This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Camping World securities between April 29, 2025 and February 24, 2026, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: bgandg.com/CWH.

Camping World Case Details

The Complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements and/or failed to disclose that:
the Company overstated its ability to “surgically manage” inventory through the use of data analytics to optimize profitability; the Company overstated the level of retail consumer demand it was experiencing and/or reasonably expected to experience; as a result, the Company would be required to implement strict corrective inventory management measures, negatively impacting gross profit and margins; 
the Company’s systems and processes were inadequate to ensure reasonably accurate disclosures and guidance, including with respect to the health of its balance sheet and its ability to manage SG&A expenses; and 
as a result of the foregoing, Defendants’ positive statements regarding the Company’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis.
What's Next for Camping World Investors?

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm’s site: bgandg.com/CWH. or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in Camping World you have until May 11, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.

No Cost to Camping World Investors

We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.

Why Bronstein, Gewirtz & Grossman, LLC for Camping World Securities Class Action?

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com

"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.

Follow us for updates on LinkedIn, X, Facebook, or Instagram.

Contact Info

Peretz Bronstein, Esq. or Nathan Miller
Bronstein, Gewirtz & Grossman, LLC
917-590-0911 | [email protected]

Attorney advertising.
Prior results do not guarantee similar outcomes.

Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In Camping World (CWH) To Contact Him Directly To Discuss Their Options

If you purchased or acquired Camping World securities between April 29, 2025, and February 24, 2026, and would like to discuss your legal rights, call Bragar Eagel & Squire partner Brandon Walker or Melissa Fortunato directly at (212) 355-4648.

Click here to participate in the action.

NEW YORK, May 07, 2026 (GLOBE NEWSWIRE) --

What’s Happening?

Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Camping World Holdings, Inc. (“Camping World” or the “Company”) (NYSE:CWH) in The United States District Court for the Northern District of Illinois on behalf of all persons and entities who purchased or otherwise acquired Camping World securities between April 29, 2025 and February 24, 2026, both dates inclusive (the “Class Period”).Investors have until May 11, 2026 to apply to the Court to be appointed as lead plaintiff in the lawsuit. What are the Allegation Details?

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) the Company overstated its ability to “surgically manage [its] inventory” to optimize profit using “data analytics;” (2) the Company overstated the retail demand of consumers it was experiencing and/or reasonably expected; (3) as a result, the Company would require “strict, corrective inventory management objectives,” negatively impacting gross profit and margins; (4) the Company’s inadequate systems and processes prevented it from ensuring reasonably accurate disclosures and/or guidance, including about the health of its balance sheet and/or the ability to manage SG&A expenses; and (5) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times. What are the Next Steps?

If you purchased or otherwise acquired Camping World shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at [email protected], telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you. About Bragar Eagel & Squire, P.C.:

Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, South Carolina, and California. The firm represents individual and institutional investors in securities,
derivative, and commercial litigation as well as individuals in consumer protection and data privacy litigation. The firm has a nationwide practice and routinely handles cases in both federal and state courts. For more information about the firm, please visit www.bespc.com.  Attorney advertising.  Prior results do not guarantee similar outcomes.

Follow us for updates on LinkedIn and Facebook, and keep up with other news by following Brandon Walker, Esq. on LinkedIn.

Contact Information:

Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Melissa Fortunato, Esq.
(212) 355-4648
[email protected]
www.bespc.com

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Camping World To Contact Him Directly To Discuss Their Options

If you purchased or acquired securities in Camping World between April 29, 2025 and February 24, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

[You may also click here for additional information]

New York, New York--(Newsfile Corp. - May 8, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Camping World Holdings, Inc. ("Camping World" or the "Company") (NYSE: CWH) and reminds investors of the May 11, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (i) the Company overstated its ability to "surgically manage [its] inventory" to optimize profit using "data analytics;" (ii) the Company overstated the retail demand of consumers it was experiencing and/or reasonably expected; (iii) as a result, the Company would require "strict, corrective inventory management objectives," negatively impacting gross profit and margins; (iv) the Company's inadequate systems and processes prevented it from ensuring reasonably accurate disclosures and/or guidance, including about the health of its balance sheet and/or the ability to manage SG&A expenses; and (v) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

On October 28, 2025, after the market closed, Camping World released its third quarter 2025 financial results, reporting, among other things, that "new vehicle revenue was $766.8 million for the third quarter, a decrease of $58.1 million, or 7.0%," "average selling price of new vehicles sold decreased 8.6%," and "new vehicle gross margin was 12.7%, a decrease of 81 basis points, driven primarily by the 8.6% decrease in the average selling price per new vehicle sold." The Company further disclosed that "total gross margin was 28.6%, a slight decrease of 27 basis points," and "the slight gross margin decrease was primarily from the reduced average selling price per new vehicle sold." The Company further disclosed it saw 2026 as a "consecutive year of Adjusted EBITDA growth, starting in the low $300 million range." Nonetheless, the Company purported to reassure investors that "this judicious conservatism, combined with our fortified balance sheet and improving leverage, has set the stage for our return to measured and accretive M&A activity across the business."

On this news, Camping World's stock fell $4.17, or 24.8%, to close at $12.65 per share on October 29, 2025, on unusually heavy trading volume.

Then, on February 24, 2026, after the market closed, Camping World released its fourth quarter 2025 results, reporting, among other things, that it had "implemented strict, corrective inventory management objectives to structurally improve [its] turnover rates" creating gross margin headwinds into 2026. The Company reported financial results, including that "net loss was $(109.1) million for the fourth quarter of 2025, an increased loss of $49.6 million, or 83.3%," "adjusted EBITDA was $(26.2) million, an increased loss of $23.7 million," "gross profit was $338.2 million, a decrease of $38.7 million, or 10.3%, and total gross margin was 28.8%, a decrease of 247 basis points." The Company also reported "new vehicle gross margin was 12.3%, a decrease of 291 basis points," and "used vehicle gross margin was 16.0%, a decrease of 277 basis points," both due to an increase in the average cost per vehicle sold and a decrease in average selling price, "driven in part by accelerated sales of aged used vehicles in December." The Company additionally reported SG&A as a percent of gross profit of 85%, a 190 basis point year over year improvement, falling far short of the Company's prior guidance for a 300 to 400 basis points improvement.

Finally, the Company announced that it would be pausing its quarterly cash dividend, effective immediately, "following consideration of forecasted tax distributions, the reduced availability of excess tax distributions to fund dividend payments driven partly by the impact of recent tax law changes, and in consideration of the Company's focus on reducing net debt leverage."

On this news, Camping World's stock price fell $1.79, or 16.5%, to close at $9.06 per share on February 25, 2026, on unusually heavy trading volume.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Camping World's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

To learn more about the Camping World Holdings class action, go to www.faruqilaw.com/CWH or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

Follow us for updates on LinkedIn, on X, or on Facebook.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/296348

Source: Faruqi & Faruqi LLP

Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.

Contact Us

, /PRNewswire/ -- Glancy Prongay Wolke & Rotter LLP announces that investors with losses have opportunity to lead the securities fraud class action lawsuit against Camping World Holdings, Inc. ("Camping World" or the "Company") (NYSE: CWH).

IF YOU SUFFERED A LOSS ON YOUR CAMPING WORLD INVESTMENTS, CLICK HERE BEFORE MAY 11, 2026 (LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE SECURITIES FRAUD LAWSUIT

What Is The Lawsuit About?
The complaint filed alleges that, between April 29, 2025 and February 24, 2026, Defendants failed to disclose to investors that: (1) the Company overstated its ability to "surgically manage [its] inventory" to optimize profit using "data analytics;" (2) the Company overstated the retail demand of consumers it was experiencing and/or reasonably expected; (3) as a result, the Company would require "strict, corrective inventory management objectives," negatively impacting gross profit and margins; (4) the Company's inadequate systems and processes prevented it from ensuring reasonably accurate disclosures and/or guidance, including about the health of its balance sheet and/or the ability to manage SG&A expenses; and (5) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

Contact Us To Participate or Learn More: 
If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us.
Charles Linehan, Esq.,
Glancy Prongay Wolke & Rotter LLP,
1925 Century Park East, Suite 2100,
Los Angeles California 90067
Email: [email protected]
Telephone: 310-201-9150 (Toll-Free: 888-773-9224)
Visit our website at www.glancylaw.com.
Follow us for updates on LinkedIn, Twitter, or Facebook.

If you inquire by email, please include your mailing address, telephone number and number of shares purchased. 

To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.

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

Contact Us:
Glancy Prongay Wolke & Rotter LLP,
1925 Century Park East, Suite 2100,
Los Angeles, CA 90067
Charles Linehan
Email: [email protected]
Telephone: 310-201-9150
Toll-Free: 888-773-9224
Visit our website at: www.glancylaw.com.

SOURCE Glancy Prongay Wolke & Rotter LLP

, /PRNewswire/ --

Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Camping World Holdings, Inc. (NYSE: CWH) between April 29, 2025 and February 24, 2026, both dates inclusive (the "Class Period"), of the important May 11, 2026 lead plaintiff deadline.

So what: If you purchased Camping World securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

What to do next: To join the Camping World class action, go to https://rosenlegal.com/submit-form/?case_id=55841 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 11, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

Details of the case: According to the lawsuit, throughout the Class Period, defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about Camping World Holdings' business, operations, and prospects. Specifically, defendants failed to disclose to investors that: (1) Camping World overstated its ability to "surgically manage [its] inventory" to optimize profit using "data analytics;" (2) Camping World overstated the retail demand of consumers it was experiencing and/or reasonably expected; (3) as a result, Camping World would require "strict, corrective inventory management objectives," negatively impacting gross profit and margins; (4) Camping World's inadequate systems and processes prevented it from ensuring reasonably accurate disclosures and/or guidance, including about the health of its balance sheet and/or the ability to manage SG&A expenses; and (5) as a result of the foregoing, defendants' positive statements about Camping World's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Camping World class action, go to https://rosenlegal.com/submit-form/?case_id=55841 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:
     Laurence Rosen, Esq.
     Phillip Kim, Esq.
     The Rosen Law Firm, P.A.
     275 Madison Avenue, 40th Floor
     New York, NY 10016
     Tel: (212) 686-1060
     Toll Free: (866) 767-3653
     Fax: (212) 202-3827
     [email protected]
     www.rosenlegal.com

SOURCE THE ROSEN LAW FIRM, P. A.

NEW YORK, May 09, 2026 (GLOBE NEWSWIRE) --

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Camping World Holdings, Inc. (NYSE: CWH) between April 29, 2025 and February 24, 2026, both dates inclusive (the “Class Period”), of the important May 11, 2026 lead plaintiff deadline.

SO WHAT: If you purchased Camping World securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Camping World class action, go to https://rosenlegal.com/submit-form/?case_id=55841 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 11, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about Camping World Holdings’ business, operations, and prospects. Specifically, defendants failed to disclose to investors that: (1) Camping World overstated its ability to “surgically manage [its] inventory” to optimize profit using “data analytics;” (2) Camping World overstated the retail demand of consumers it was experiencing and/or reasonably expected; (3) as a result, Camping World would require “strict, corrective inventory management objectives,” negatively impacting gross profit and margins; (4) Camping World’s inadequate systems and processes prevented it from ensuring reasonably accurate disclosures and/or guidance, including about the health of its balance sheet and/or the ability to manage Selling, General & Administrative (“SG&A”) expenses; and (5) as a result of the foregoing, defendants’ positive statements about Camping World’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Camping World class action, go to https://rosenlegal.com/submit-form/?case_id=55841 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

        Laurence Rosen, Esq.
        Phillip Kim, Esq.
        The Rosen Law Firm, P.A.
        275 Madison Avenue, 40th Floor
        New York, NY 10016
        Tel: (212) 686-1060
        Toll Free: (866) 767-3653
        Fax: (212) 202-3827
        [email protected]
        www.rosenlegal.com

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Camping World To Contact Him Directly To Discuss Their Options

If you purchased or acquired securities in Camping World between April 29, 2025 and February 24, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

[You may also click here for additional information]

New York, New York--(Newsfile Corp. - May 10, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Camping World Holdings, Inc. ("Camping World" or the "Company") (NYSE: CWH) and reminds investors of the May 11, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (i) the Company overstated its ability to "surgically manage [its] inventory" to optimize profit using "data analytics;" (ii) the Company overstated the retail demand of consumers it was experiencing and/or reasonably expected; (iii) as a result, the Company would require "strict, corrective inventory management objectives," negatively impacting gross profit and margins; (iv) the Company's inadequate systems and processes prevented it from ensuring reasonably accurate disclosures and/or guidance, including about the health of its balance sheet and/or the ability to manage SG&A expenses; and (v) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

On October 28, 2025, after the market closed, Camping World released its third quarter 2025 financial results, reporting, among other things, that "new vehicle revenue was $766.8 million for the third quarter, a decrease of $58.1 million, or 7.0%," "average selling price of new vehicles sold decreased 8.6%," and "new vehicle gross margin was 12.7%, a decrease of 81 basis points, driven primarily by the 8.6% decrease in the average selling price per new vehicle sold." The Company further disclosed that "total gross margin was 28.6%, a slight decrease of 27 basis points," and "the slight gross margin decrease was primarily from the reduced average selling price per new vehicle sold." The Company further disclosed it saw 2026 as a "consecutive year of Adjusted EBITDA growth, starting in the low $300 million range." Nonetheless, the Company purported to reassure investors that "this judicious conservatism, combined with our fortified balance sheet and improving leverage, has set the stage for our return to measured and accretive M&A activity across the business."

On this news, Camping World's stock fell $4.17, or 24.8%, to close at $12.65 per share on October 29, 2025, on unusually heavy trading volume.

Then, on February 24, 2026, after the market closed, Camping World released its fourth quarter 2025 results, reporting, among other things, that it had "implemented strict, corrective inventory management objectives to structurally improve [its] turnover rates" creating gross margin headwinds into 2026. The Company reported financial results, including that "net loss was $(109.1) million for the fourth quarter of 2025, an increased loss of $49.6 million, or 83.3%," "adjusted EBITDA was $(26.2) million, an increased loss of $23.7 million," "gross profit was $338.2 million, a decrease of $38.7 million, or 10.3%, and total gross margin was 28.8%, a decrease of 247 basis points." The Company also reported "new vehicle gross margin was 12.3%, a decrease of 291 basis points," and "used vehicle gross margin was 16.0%, a decrease of 277 basis points," both due to an increase in the average cost per vehicle sold and a decrease in average selling price, "driven in part by accelerated sales of aged used vehicles in December." The Company additionally reported SG&A as a percent of gross profit of 85%, a 190 basis point year over year improvement, falling far short of the Company's prior guidance for a 300 to 400 basis points improvement.

Finally, the Company announced that it would be pausing its quarterly cash dividend, effective immediately, "following consideration of forecasted tax distributions, the reduced availability of excess tax distributions to fund dividend payments driven partly by the impact of recent tax law changes, and in consideration of the Company's focus on reducing net debt leverage."

On this news, Camping World's stock price fell $1.79, or 16.5%, to close at $9.06 per share on February 25, 2026, on unusually heavy trading volume.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Camping World's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

To learn more about the Camping World Holdings class action, go to www.faruqilaw.com/CWH or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

Follow us for updates on LinkedIn, on X, or on Facebook.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/296672

Source: Faruqi & Faruqi LLP

Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.

Contact Us

-

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Camping World To Contact Him Directly To Discuss Their Options

If you purchased or acquired securities in Camping World between April 29, 2025 and February 24, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

[You may also click here for additional information]

NEW YORK--(BUSINESS WIRE)--Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Camping World Holdings, Inc. (“Camping World” or the “Company”) (NYSE: CWH) and reminds investors of the May 11, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) the Company overstated its ability to “surgically manage [its] inventory” to optimize profit using “data analytics;” (2) the Company overstated the retail demand of consumers it was experiencing and/or reasonably expected; (3) as a result, the Company would require “strict, corrective inventory management objectives,” negatively impacting gross profit and margins; (4) the Company’s inadequate systems and processes prevented it from ensuring reasonably accurate disclosures and/or guidance, including about the health of its balance sheet and/or the ability to manage SG&A expenses; and (5) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

On October 28, 2025, after the market closed, Camping World released its third quarter 2025 financial results, reporting, among other things, that “new vehicle revenue was $766.8 million for the third quarter, a decrease of $58.1 million, or 7.0%,” “average selling price of new vehicles sold decreased 8.6%,” and “new vehicle gross margin was 12.7%, a decrease of 81 basis points, driven primarily by the 8.6% decrease in the average selling price per new vehicle sold.” The Company further disclosed that “total gross margin was 28.6%, a slight decrease of 27 basis points,” and “the slight gross margin decrease was primarily from the reduced average selling price per new vehicle sold.” The Company further disclosed it saw 2026 as a “consecutive year of Adjusted EBITDA growth, starting in the low $300 million range.” Nonetheless, the Company purported to reassure investors that “this judicious conservatism, combined with our fortified balance sheet and improving leverage, has set the stage for our return to measured and accretive M&A activity across the business.”

On this news, Camping World’s stock fell $4.17, or 24.8%, to close at $12.65 per share on October 29, 2025, on unusually heavy trading volume.

Then, on February 24, 2026, after the market closed, Camping World released its fourth quarter 2025 results, reporting, among other things, that it had “implemented strict, corrective inventory management objectives to structurally improve [its] turnover rates” creating gross margin headwinds into 2026. The Company reported financial results, including that “net loss was $(109.1) million for the fourth quarter of 2025, an increased loss of $49.6 million, or 83.3%,” “adjusted EBITDA was $(26.2) million, an increased loss of $23.7 million,” “gross profit was $338.2 million, a decrease of $38.7 million, or 10.3%, and total gross margin was 28.8%, a decrease of 247 basis points.” The Company also reported “new vehicle gross margin was 12.3%, a decrease of 291 basis points,” and “used vehicle gross margin was 16.0%, a decrease of 277 basis points,” both due to an increase in the average cost per vehicle sold and a decrease in average selling price, “driven in part by accelerated sales of aged used vehicles in December.” The Company additionally reported SG&A as a percent of gross profit of 85%, a 190 basis point year over year improvement, falling far short of the Company’s prior guidance for a 300 to 400 basis points improvement.

Finally, the Company announced that it would be pausing its quarterly cash dividend, effective immediately, “following consideration of forecasted tax distributions, the reduced availability of excess tax distributions to fund dividend payments driven partly by the impact of recent tax law changes, and in consideration of the Company’s focus on reducing net debt leverage.”

On this news, Camping World’s stock price fell $1.79, or 16.5%, to close at $9.06 per share on February 25, 2026, on unusually heavy trading volume.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Camping World’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

To learn more about the Camping World Holdings class action, go to www.faruqilaw.com/CWH or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

Follow us for updates on LinkedIn, on X, or on Facebook.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

More News From Faruqi & Faruqi, LLP

Back to Newsroom

NEW YORK, May 11, 2026 (GLOBE NEWSWIRE) -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against Camping World Holdings, Inc. (NYSE: CWH) and certain of its officers.

This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Camping World securities between April 29, 2025 and February 24, 2026, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: bgandg.com/CWH.

Camping World Case Details

The Complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements and/or failed to disclose that:
the Company overstated its ability to “surgically manage” inventory through the use of data analytics to optimize profitability; the Company overstated the level of retail consumer demand it was experiencing and/or reasonably expected to experience; as a result, the Company would be required to implement strict corrective inventory management measures, negatively impacting gross profit and margins; 
the Company’s systems and processes were inadequate to ensure reasonably accurate disclosures and guidance, including with respect to the health of its balance sheet and its ability to manage SG&A expenses; and 
as a result of the foregoing, Defendants’ positive statements regarding the Company’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis.
What's Next for Camping World Investors?

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm’s site: bgandg.com/CWH. or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in Camping World you have until May 11, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.

No Cost to Camping World Investors

We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.

Why Bronstein, Gewirtz & Grossman, LLC for Camping World Securities Class Action?

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com

"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.

Follow us for updates on LinkedIn, X, Facebook, or Instagram.

Contact Info

Peretz Bronstein, Esq. or Nathan Miller
Bronstein, Gewirtz & Grossman, LLC
917-590-0911 | [email protected]

Attorney advertising.
Prior results do not guarantee similar outcomes.

Market volatility has a way of scattering investors—but it doesn't destroy money. It moves it. And right now, Larry Benedict, founder of The Opportunistic Trader and a 40-year market veteran, says he's watching clear rotation into three sectors with specific stocks absorbing the bulk of those flows.

The backdrop is a market that's done something genuinely unusual. After weeks of turbulence, the Nasdaq ripped roughly 20% off its lows while the S&P gained around 12–13%—one of the sharpest recoveries Benedict says he's witnessed in four decades. And yet, he's not ready to call it a new bull run. "I think we're nearer the top end of the range," he says, pointing to persistent geopolitical uncertainty, energy prices, and questions about what comes next for interest rates. He's not ultra-bearish—but he is watching risk.

That watchfulness is exactly what's driving his sector focus.

Get NVIDIA alerts:

NVIDIA Leads the Mag 7 Surge NVIDIA Today

$205.19 +0.32 (+0.16%)

As of 04:00 PM Eastern

52-Week Range$140.85▼

$236.54Dividend Yield0.49%

P/E Ratio31.42

Price Target$305.67

The first and loudest rotation Benedict is tracking is into the Magnificent 7—Apple NASDAQ: AAPL, Microsoft NASDAQ: MSFT, Alphabet NASDAQ: GOOGL, NVIDIA NASDAQ: NVDA, Amazon NASDAQ: AMZN, Meta NASDAQ: META, and Tesla NASDAQ: TSLA. These names, which had been struggling for much of the early year, absorbed a massive wave of inflows during the recent rally and powered the Nasdaq to fresh highs.

The standout is NVIDIA. Benedict watched the stock fall from around $185 to roughly $165 at its low, then recover to over $200 in just two weeks—adding trillions in market cap at a pace he describes as unlike anything he's seen. "That's the big one," he says. "That's the one that's outperforming everything."

With Mag 7 earnings still ahead—NVIDIA traditionally closes out the earnings season—Benedict thinks results will be solid enough to support prices, with the caveat that the quarter after this one may start reflecting economic headwinds. For now, bulls are in control, and he's not fighting that.

D.R. Horton and the Rate-Driven Housing Setup D.R. Horton Today

$154.00 -0.43 (-0.28%)

As of 03:59 PM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$119.54▼

$184.54Dividend Yield1.17%

P/E Ratio14.43

Price Target$168.54

The second sector seeing real money flow is housing—and Benedict's read here is longer-term than just the recent momentum. He believes the market is underweighting a significant catalyst: a likely change in Federal Reserve leadership. With Kevin Warsh widely expected to step in as the next Fed Chair, Benedict anticipates a pivot toward lower interest rates that could unleash pent-up housing demand.

"I think that will cause a boom in the housing market," he says. From his vantage point in South Florida, where he says he's watched 20 new high-rises go up in his town alone, the demand isn't theoretical—it's concrete.

His preferred vehicle is D.R. Horton NYSE: DHI, the largest-cap homebuilder in the sector. The logic is simple: when expressing a sector view, he wants the biggest and most liquid name.

DHI captures the housing thesis cleanly without the idiosyncratic risk of smaller builders. He acknowledges supply chain pressures could create headwinds, but believes the demand response to lower rates will more than offset them.

Oracle: The Software Sector's Undervalued Rebound Oracle Today

$184.01 -0.09 (-0.05%)

As of 03:59 PM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$134.57▼

$345.72Dividend Yield1.09%

P/E Ratio31.56

Price Target$268.27

The third area—and the one Benedict seems most energized about—is enterprise software, specificallyOracle NYSE: ORCL. While Mag 7 names have largely reclaimed their losses, Oracle is still a long way from its all-time highs despite a meaningful bounce off its lows.

That gap is the opportunity, in Benedict's view. Oracle's AI infrastructure deals—including significant contracts tied to OpenAI—were the catalyst for its original run to near-trillion-dollar market cap territory. When sentiment turned and the market grew skeptical about AI CapEx spending, Oracle pulled back hard.

Benedict thinks that skepticism went too far. "The market has misjudged what these companies can actually do," he says. He sees Oracle as operating in the same AI infrastructure playing field as the Mag 7, but priced as if it isn't. Compared to fully-valued Mag 7 names, software stocks like Oracle have more room to run—even if the path is bumpy.

The risk is real: if the broader market corrects, software won't be immune. And Benedict is candid about the longer-term AI question, noting that no one knows exactly how AI monetization plays out. The dot-com era is a reference point he keeps close.

But for investors willing to hold through volatility, the setup in software stocks—beaten down, under-owned, and sitting on legitimate AI revenue relationships—is where Benedict sees the most asymmetric upside of the three sectors.

The money is moving. The question is whether you're positioned in front of it or watching from behind.

Should You Invest $1,000 in NVIDIA Right Now?Before you consider NVIDIA, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NVIDIA wasn't on the list.

While NVIDIA currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Unlock the timeless value of gold with our exclusive 2026 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.

Get This Free Report

On May 12, the April reading of the Consumer Price Index (CPI) will be released. Polymarket predicts the number is most likely to come in at 3.7% or 3.8%. That "more of the same" result would support the Federal Reserve leaving interest rates unchanged.

With energy prices surging on Middle East tensions, it would seem rate cuts are firmly off the table. Unless there's a downside surprise. Incoming Federal Reserve chair Kevin Warsh has aligned with a narrative that productivity gains from artificial intelligence (AI) will be a "significant deflationary force"—one that could offset energy-driven pressures and put rate cuts back on the table.

Homebuilder and housing-related stocks are hoping for that outcome. While much consumer attention focuses on the lower leg of the K-shaped economy, the housing market is acutely tied to the upper leg—including retirees looking to trade down and first-time buyers, both squeezed by a lack of supply.

Get D.R. Horton alerts:

Lower mortgage rates won't be an overnight fix. But if viewed as the first of several cuts over 18–24 months, it could give these stocks real momentum. Supporting the idea that markets are always forward-looking, several housing stocks are getting analyst price target upgrades.

D.R. Horton Uses Volume to Outperform in a Tough Housing MarketTo go with a housing metaphor, D.R. Horton Inc. NYSE: DHI is the best house in a bad neighborhood. DHI is bucking the sector trend, up over 20% in the last 12 months.

D.R. Horton Today

$154.00 -0.43 (-0.28%)

As of 03:59 PM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$119.54▼

$184.54Dividend Yield1.17%

P/E Ratio14.43

Price Target$168.54

It comes down to strategy. D.R. Horton is the largest U.S. homebuilder by volume. That’s largely due to its “pace over price” strategy. The company offers incentives to keep its inventory moving. It comes at the expense of margin, but in a high-rate market, volume is more important than price. Plus, the company has in-house mortgage and financial service divisions that can allow it to fund rate buydowns directly.

Investors should keep their short-term expectations in check. DHI has been range-bound over the last six months, and it’s only up about 1% in 2026 as of this writing. It’s also trading at about 14x earnings, which is higher than its historic average. But D.R. Horton is likely to get a significant bounce on a market resurgence. It also pays a safe dividend that has been increasing at an average annual rate of over 17% in the last three years.

Lennar’s Asset-Light Strategy Will Be in Focus If Rates FallLennar Corp. NYSE: LEN represents the other side of homebuilder stocks. LEN is down 20% in the last 12 months and over 15% in 2026.

The hope comes from the company’s ongoing pivot to an asset-light model. The company offloads land development to third-party entities to reduce balance sheet exposure.

Lennar Today

$90.03 -4.92 (-5.18%)

As of 03:59 PM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$81.18▼

$144.24Dividend Yield2.22%

P/E Ratio12.94

Price Target$97.27

That was the part of the company's Q1 2026 earnings report that analysts liked. The problem was the forward guidance, which said mortgage rates would stay around 6.2% to 6.4%. That, along with other headwinds Lennar cited, is keeping institutional investors cool on the stock.

Analysts have been lowering their price targets for LEN, but the consensus price target of $99.87 is 14% above the stock’s price as of this writing. And that may not be capturing the expected earnings growth of around 29%.

LEN trades at around 12x earnings, which is a discount to the broader market, but a premium to its historic average.

Home Depot Is a Housing Recovery PlayHome Depot NYSE: HD is the valuation play of this group. At around 22x earnings, it’s trading at a discount to both the S&P 500 and its historic average. However, critics may say that the stock looks cheap for a reason. Total sales and adjusted earnings per share were both down year over year in 2025.

Home Depot Today

HD

Home Depot

$328.37 +2.36 (+0.72%)

As of 03:59 PM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$289.10▼

$426.75Dividend Yield2.84%

P/E Ratio23.32

Price Target$371.36

This reflects the fact that Home Depot’s business is adjacent to an active housing market. For a couple of years, the company benefited from a surge in remodeling. And a recent UBS survey showed that the home improvement market may be improving.

That would confirm the broader narrative that the company’s results are fixable if it can get some assistance from the housing market. For now, analysts are trending bearish and lowering their price targets. Still, the consensus price target of $410.86 implies a move of over 30% in the next 12 months.

Home Depot reports its Q1 2026 earnings on May 19. At that point, investors will be listening for the company’s forward guidance, which has been pointing to a potential recovery in the second half of 2026.

Should You Invest $1,000 in D.R. Horton Right Now?Before you consider D.R. Horton, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and D.R. Horton wasn't on the list.

While D.R. Horton currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

MarketBeat's analysts have just released their top five short plays for June 2026. Learn which stocks have the most short interest and how to trade them. Click the link to see which companies made the list.

Get This Free Report

As previously announced, [url="]D.R. Horton, Inc.[/url] (NYSE: DHI), America's Builder, will release financial results for its third quarter ended June 30, 2026

A month has gone by since the last earnings report for D.R. Horton (DHI - Free Report) . Shares have lost about 12.1% 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 D.R. Horton due for a breakout? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent drivers for D.R. Horton, Inc. before we dive into how investors and analysts have reacted as of late.

D.R. Horton's Q2 Earnings Beat on Better Order MomentumD.R. Horton delivered second-quarter fiscal 2026 results with earnings beating the Zacks Consensus Estimate but revenues missing the same. The quarter was marked by an 11% jump in net sales orders and progress in tightening finished inventory, even as affordability constraints kept incentives elevated.

DHI Margins Stayed Resilient Despite Earnings DeclineThe company’s earnings of $2.24 per share were down 13.2% from $2.58 a year ago but 4.2% above the Zacks Consensus Estimate of $2.15. Total revenues (Homebuilding, Forestar, Rental and Financial Services) were $7.56 billion, down 2.3% year over year and 1.3% below the consensus mark of $7.66 billion.

Net income attributable to D.R. Horton fell 20% year over year to $647.9 million. Consolidated income before taxes was $867.4 million on $7.6 billion of revenues, producing a pre-tax profit margin of 11.5% for the quarter. Management highlighted that the pre-tax profit margin finished above the high end of its guidance range. The company also noted that the fiscal second-quarter consolidated pre-tax profit margin and home sales gross margin included a 40-basis-point benefit tied to a favorable litigation outcome and lower warranty costs. Against a backdrop of affordability pressure and cautious consumer sentiment, the ability to remain within its expected profitability range was a key takeaway from the release.

D.R. Horton’s Core Homebuilding Trends ImprovedHomebuilding revenue declined 2% year over year to $7.1 billion, while homes closed increased 1% to 19,486. Home sales revenues totaled $7.0 billion, supported by steady closing volumes across the footprint.

Demand indicators were firmer. Net sales orders rose 11% to 24,992 homes, with an order value of $9.2 billion. The cancellation rate was 16%, which was in line with the prior-year quarter. Management said incentives are expected to remain elevated in fiscal 2026, with levels dependent on demand, mortgage rates and broader market conditions. Alongside the order improvement, the company emphasized its actions to reduce unsold completed homes by 35% from a year ago, reflecting tighter execution around inventory and sales pace.

The quarter also showed contributions outside homebuilding. Rental operations generated $211.8 million of revenues (down from $236.6 million a year ago) from the sale of 566 single-family rental homes and 216 multifamily rental units, producing pre-tax income of $12.3 million. Forestar posted $374.3 million of revenues (up from $351 million a year ago) on 2,938 lots sold, with pre-tax income of $43.9 million. Financial Services delivered $192.8 million of revenues (down from $212.9 million a year ago) and $51.7 million of pre-tax income, highlighting the earnings power of the captive mortgage and related offerings.

DHI Kept Returning Cash While Maintaining LiquidityD.R. Horton continued to prioritize shareholder returns during the quarter. The company repurchased 6 million shares for $903.6 million and paid $129.7 million in cash dividends. Common shares outstanding as of March 31, 2026, were 284.9 million, down 8% from a year ago, and remaining repurchase authorization totaled $1.7 billion.

D.R. Horton’s cash, cash equivalents and restricted cash totaled $1.97 billion as of March 31, 2026, compared with $3.03 billion at the end of fiscal 2025. Yet, the balance sheet reflected solid liquidity. Total liquidity was $6 billion at the end of the quarter, and the debt-to-total capital ratio was 21.7%. For the first six months of fiscal 2026, cash provided by operations was $441.5 million, up from $210.5 million a year ago. Management also noted it has $600 million of homebuilding senior notes maturing within the next 12 months.

Profitability metrics over the trailing 12 months remained positive. Return on equity was 13.2% and return on assets was 8.9%, underscoring that the business is still generating meaningful returns even with lower year-over-year earnings.

D.R. Horton Updated Fiscal 2026 Targets and Operating PostureD.R. Horton updated fiscal 2026 consolidated revenue guidance to $33.5-$34.5 billion compared with the prior expectation of $33.5-$35 billion. This compares with $34.25 billion in fiscal 2025. The company now expects homebuilding closings of 86,000-87,500 homes compared with the earlier guidance of 86,000-88,000. This compares with 84,863 in fiscal 2025. The company reiterated several framework assumptions, including an income tax rate of about 24.5% and an operating cash flow of at least $3 billion.

Capital allocation targets were reaffirmed as well. Management continues to expect share repurchases of approximately $2.5 billion and dividend payments of approximately $500 million in fiscal 2026. Operationally, the company closed the quarter with 38,200 homes in inventory, of which 22,900 were unsold. Unsold completed homes totaled 5,500, including 800 that had been completed for more than six months, a metric investors often watch to gauge the pace of absorption and the potential need for additional incentives.

On the lot position, D.R. Horton reported 575,300 total lots owned and controlled as of March 31, 2026, with 23% owned and 77% controlled through purchase contracts. The company also noted that lots controlled included approximately 41,000 lots owned or controlled by Forestar, supporting its strategy of maintaining a flexible, capital-light pipeline in a shifting demand environment.

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

VGM ScoresCurrently, D.R. Horton has a average Growth Score of C, though it is lagging a bit on the Momentum Score front with a D. However, the stock was allocated a score of B on the value side, putting it in the top 40% for this investment strategy.

Overall, the stock has an aggregate VGM Score of B. 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, D.R. Horton has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

In the latest close session, D.R. Horton (DHI - Free Report) was down 2.31% at $144.50. This change lagged the S&P 500's 0.74% loss on the day. Meanwhile, the Dow experienced a drop of 1.21%, and the technology-dominated Nasdaq saw a decrease of 0.89%.

Coming into today, shares of the homebuilder had gained 0.98% in the past month. In that same time, the Construction sector lost 1.64%, while the S&P 500 gained 5.39%.

The upcoming earnings release of D.R. Horton will be of great interest to investors. The company's earnings report is expected on July 21, 2026. The company's upcoming EPS is projected at $2.98, signifying a 11.31% drop compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $9.18 billion, indicating a 0.49% downward movement from the same quarter last year.

For the full year, the Zacks Consensus Estimates are projecting earnings of $10.57 per share and revenue of $33.86 billion, which would represent changes of -8.64% and -1.14%, respectively, from the prior year.

Any recent changes to analyst estimates for D.R. Horton should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. D.R. Horton is holding a Zacks Rank of #3 (Hold) right now.

In terms of valuation, D.R. Horton is currently trading at a Forward P/E ratio of 13.99. This represents no noticeable deviation compared to its industry average Forward P/E of 13.99.

One should further note that DHI currently holds a PEG ratio of 2.07. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Building Products - Home Builders industry had an average PEG ratio of 1.85 as trading concluded yesterday.

The Building Products - Home Builders industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 212, which puts it in the bottom 14% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.

Key Takeaways EPAM posted Q1 EPS of $2.86 and revenues of $1.40B, both topping the consensus estimate.EPAM saw strong growth in Financial Services and Software & Hi-Tech, while Media stayed weak.EPAM expects 2026 revenue growth of 4-6.5% and EPS between $12.98 and $13.28. EPAM Systems Inc. (EPAM - Free Report) reported strong first-quarter 2026 results, with revenues and earnings surpassing the Zacks Consensus Estimate despite macroeconomic uncertainty. EPAM reported first-quarter non-GAAP earnings of $2.86 per share, which increased 18.7% year over year and beat the Zacks Consensus Estimates by 4%.

The company’s first-quarter revenues of $1.40 billion beat the Zacks Consensus Estimates by 0.24% and increased 7.6% year over year from $1.30 billion in the prior-year quarter. On an organic constant-currency basis, revenues grew 3.7% year over year.

EPAM’s Q1 in DetailEPAM Systems’ year-over-year revenue growth was driven by strong performance across most industry verticals, led by Financial Services and Software & Hi-Tech, while Business Information & Media remained weak.

Revenues from Financial Services (25% of total revenues) were $350.2 million, up 11.5% year over year. First-quarter revenues from Consumer Goods, Retail & Travel (19.6% of total revenues) were $273.9 million, which increased 7.2% year over year.

Revenues from Software & Hi-Tech (15.1% of total revenues) were $210.7 million, up 10.9% year over year. Life Sciences & Healthcare revenues (11.7% of total revenues) were $164.1 million, which increased 5.9% year over year.

Revenues from Business Information & Media (11.8% of total revenues) were $165.4 million, down 0.7% year over year. Emerging vertical revenues (16.8% of total revenues) were $235.8 million, which rose 6.8% year over year.

Geographically, Americas revenues were $799.5 million, up 2.5% year over year, while EMEA revenues increased 15.9% year over year to $576 million. APAC revenues grew 1.2% year over year to $24.6 million.

EPAM’s non-GAAP gross profit increased 9.9% year over year to $411.4 million, while the non-GAAP gross margin expanded 70 basis points (bps) to 29.4%.

The non-GAAP operating income increased 14.2% year over year to $200.7 million. The non-GAAP operating margin expanded 80 bps to 14.3%.

EPAM’s Balance Sheet & Cash FlowAs of March 31, 2026, EPAM had cash, cash equivalents and restricted cash of approximately $1.04 billion, down from $1.30 billion as of Dec. 31, 2025. Long-term debt was $165 million as of March 31, 2026.

During the first quarter, cash used in operating activities was $36.4 million compared with cash generated from operating activities of $24.2 million in the year-ago quarter. Free cash flow was negative $54.2 million in the quarter against a positive free cash flow of $14.8 million in the prior-year quarter.

The company continued returning capital to shareholders and spent $324 million on share repurchases during the first quarter, including $300 million under its accelerated share repurchase agreement.

EPAM Updates Q2 and 2026 GuidanceFor the second quarter of 2026, EPAM Systems expects revenues to be in the range of $1.400 billion to $1.415 billion, indicating year-over-year growth of 4% at the midpoint. The Zacks Consensus Estimate for second-quarter 2026 revenues is pegged at $1.43 billion, indicating a year-over-year rise of 5.38%.

For full-year 2026, EPAM now expects revenues to grow in the range of 4% to 6.5% year over year. The Zacks Consensus Estimate for the 2026 revenues is pegged at $5.79 billion, indicating a year-over-year rise of 6.2%.

EPAM expects non-GAAP diluted earnings per share in the range of $12.98 to $13.28. The Zacks Consensus Estimate for 2026 earnings is pegged at $12.76, indicating a year-over-year rise of 10.96%.

Zacks Rank and Stocks to ConsiderCurrently, EPAM carries a Zacks Rank #3 (Hold).

Some other top-ranked stocks in the broader Zacks Computer and Technology sector are Broadcom (AVGO - Free Report) , Celestica (CLS - Free Report) and Samsara (IOT - Free Report) , each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

Shares of Broadcom have gained 21.7% year to date. The Zacks Consensus Estimate for Broadcom’s 2026 earnings is pegged at $11.45 per share, up by a penny over the past 30 days, indicating an increase of 68% year over year.

Shares of Celestica have rallied 41.7% year to date. The Zacks Consensus Estimate for Celestica’s 2026 earnings is pegged at $9.85 per share, up $1.01 over the past seven days, indicating an increase of 62.8% year over year.

Samsara shares have lost 14% year to date. The Zacks Consensus Estimate for IOT’s fiscal 2027 earnings is pegged at 68 cents per share, up 11 cents over the past 60 days, indicating an increase of 21.4% year over year.

Image: Bigstock

Read MoreHide Full Article

Epam (EPAM - Free Report) reported $1.4 billion in revenue for the quarter ended March 2026, representing a year-over-year increase of 7.6%. EPS of $2.86 for the same period compares to $2.41 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $1.4 billion, representing a surprise of +0.24%. The company delivered an EPS surprise of +4.05%, with the consensus EPS estimate being $2.75.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

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 Epam performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Headcount: 62,750 compared to the 62,926 average estimate based on two analysts.Delivery professionals: 56,500 versus 56,784 estimated by two analysts on average.Revenues by Customer Location- Americas: $799.47 million versus the two-analyst average estimate of $830.48 million. The reported number represents a year-over-year change of +2.5%.Revenues by Customer Location- APAC: $24.58 million versus $27.94 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +1.2% change.Revenues by Customer Location- EMEA: $576.01 million compared to the $533.96 million average estimate based on two analysts. The reported number represents a change of +15.9% year over year.Revenues by Industry Verticals- Financial Services: $350.2 million versus $339.15 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +11.5% change.Revenues by Industry Verticals- Software & Hi-Tech: $210.72 million compared to the $208.16 million average estimate based on two analysts. The reported number represents a change of +10.9% year over year.Revenues by Industry Verticals- Life Sciences & Healthcare: $164.13 million versus the two-analyst average estimate of $165.06 million. The reported number represents a year-over-year change of +5.9%.Revenues by Industry Verticals- Emerging Verticals: $235.75 million versus the two-analyst average estimate of $239.79 million. The reported number represents a year-over-year change of +6.9%.Revenues by Industry Verticals- Consumer Goods, Retail & Travel: $273.88 million compared to the $273.93 million average estimate based on two analysts. The reported number represents a change of +7.2% year over year.Revenues by Contract Type- Time-and-material: $1.09 billion versus the two-analyst average estimate of $1.16 billion. The reported number represents a year-over-year change of +4.5%.Revenues by Contract Type- Fixed-price: $303.71 million versus $227.03 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +20.4% change.View all Key Company Metrics for Epam here>>>

Shares of Epam have returned -15.8% over the past month versus the Zacks S&P 500 composite's +11% 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.

Zacks' 7 Best Strong Buy Stocks (New Research Report) Valued at $99, click below to receive our just-released report predicting the 7 stocks that will soar highest in the coming month.

Click Here, It's Really Free

Published in earnings earnings-estimates-revisions earnings-surprise

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.

Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.

Zacks Premium includes access to the Zacks Style Scores as well.

What are the Zacks Style Scores? The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.

Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.

The Style Scores are broken down into four categories:

Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.

Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.

Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.

VGM ScoreIf you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.

How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.

It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +23.7% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.

With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.

That's where the Style Scores come in.

To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.

As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.

A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: Epam (EPAM - Free Report) Headquartered in Newtown, PA, EPAM Systems, Inc. is well known for its software engineering and IT consulting services.

EPAM is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.

It also boasts a Value Style Score of A thanks to attractive valuation metrics like a forward P/E ratio of 7.79; value investors should take notice.

Two analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.07 to $12.74 per share. EPAM also boasts an average earnings surprise of +3.8%.

With a solid Zacks Rank and top-tier Value and VGM Style Scores, EPAM should be on investors' short list.

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.

The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.

Zacks Premium includes access to the Zacks Style Scores as well.

What are the Zacks Style Scores? The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.

Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.

The Style Scores are broken down into four categories:

Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.

Growth ScoreGrowth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.

Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.

VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.

How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.

Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +23.7% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.

With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.

That's where the Style Scores come in.

To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.

The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.

A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: Epam (EPAM - Free Report) Headquartered in Newtown, PA, EPAM Systems, Inc. is well known for its software engineering and IT consulting services.

EPAM is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.

Additionally, the company could be a top pick for growth investors. EPAM has a Growth Style Score of B, forecasting year-over-year earnings growth of 11.7% for the current fiscal year.

For fiscal 2026, two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.06 to $12.84 per share. EPAM boasts an average earnings surprise of +3.8%.

With a solid Zacks Rank and top-tier Growth and VGM Style Scores, EPAM should be on investors' short list.

Earnings are arguably the most important single number on a company's quarterly financial report. Wall Street clearly dives into all of the other metrics and management's input, but the EPS figure helps cut through all the noise.

We know earnings results are vital, but how a company performs compared to bottom line expectations can be even more important when it comes to stock prices, especially in the near-term. This means that investors might want to take advantage of these earnings surprises.

The ability to identify stocks that are likely to top quarterly earnings expectations can be profitable, but it's no simple task. Here at Zacks, our Earnings ESP filter helps make things easier.

The Zacks Earnings ESP, ExplainedThe Zacks Expected Surprise Prediction, or ESP, works by locking in on the most up-to-date analyst earnings revisions because they can be more accurate than estimates from weeks or even months before the actual release date. The thinking is pretty straightforward: analysts who provide earnings estimates closer to the report are likely to have more information.

The core of the ESP model is comparing the Most Accurate Estimate to the Zacks Consensus Estimate, where the resulting percentage difference between the two equals the Expected Surprise Prediction. The Zacks Rank is also factored into the ESP metric to better help find companies that appear poised to top their next bottom-line consensus estimate, which will hopefully help lift the stock price.

Bringing together a positive earnings ESP alongside a Zacks Rank #3 (Hold) or better has helped stocks report a positive earnings surprise 70% of the time. Furthermore, by using these parameters, investors have seen 28.3% annual returns on average, according to our 10 year backtest.

Stocks with a #3 (Hold) ranking, which is most stocks covered at 60%, are expected to perform in-line with the broader market. But stocks that fall into the #2 (Buy) and #1 (Strong Buy) ranking, or the top 15% and top 5% of stocks, respectively, should outperform the market. Strong Buy stocks should outperform more than any other rank.

Should You Consider Micron?The final step today is to look at a stock that meets our ESP qualifications. Micron (MU - Free Report) earns a #1 (Strong Buy) 30 days from its next quarterly earnings release on June 24, 2026, and its Most Accurate Estimate comes in at $20.44 a share.

MU has an Earnings ESP figure of +5.69%, which, as explained above, is calculated by taking the percentage difference between the $20.44 Most Accurate Estimate and the Zacks Consensus Estimate of $19.34. Micron is one of a large database of stocks with positive ESPs. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

MU is just one of a large group of Computer and Technology stocks with a positive ESP figure. Epam (EPAM - Free Report) is another qualifying stock you may want to consider.

Slated to report earnings on August 6, 2026, Epam holds a #3 (Hold) ranking on the Zacks Rank, and its Most Accurate Estimate is $3.15 a share 73 days from its next quarterly update.

Epam's Earnings ESP figure currently stands at +0.31% after taking the percentage difference between its Most Accurate Estimate and its Zacks Consensus Estimate of $3.14.

Because both stocks hold a positive Earnings ESP, MU and EPAM could potentially post earnings beats in their next reports.

Find Stocks to Buy or Sell Before They're ReportedUse the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading. Check it out here >>