Sovereign debt loads keep climbing, the dollar index is wobbling, and central banks are still net buyers of bullion. That backdrop has pushed realized gold prices into uncharted territory, with major producers booking $3,500 to nearly $4,900 per ounce on Q1 sales. For retail investors scanning for hard-asset exposure without paying $200-plus for a megacap, a handful of producers still trade for less than the price of a tank of premium fuel.
With that in mind, here are four gold and copper miners trading under $45 that screen as bargains against the macro backdrop. (Note: ENI was excluded from this list because it is an integrated oil and gas major rather than a materials producer, and its ADR trades above the $45 ceiling.)
Barrick Mining (NYSE: B) Barrick Mining (NYSE:B) is a global gold and copper producer with operations in 17 countries and tier-one assets including Nevada Gold Mines, Pueblo Viejo, and the Reko Diq copper-gold project in Pakistan. Shares at $41.28 sit comfortably below the $45 ceiling despite a 124.51% one-year gain, leaving room against the $58.17 analyst target.
The fundamentals back the macro thesis. FY25 revenue jumped 31% to $16.96 billion, EPS came in at $2.93 (+140% YoY), and free cash flow hit $3.87 billion. Management responded with a 140% jump in the quarterly dividend to $0.42, a new 50% payout policy on attributable free cash, and $1.5 billion in buybacks retiring roughly 3% of shares. As the agile base-plus-performance dividend model compounds, the copper pivot via Reko Diq and Lumwana adds a second growth lever. CEO Mark Hill called Q4 “record quarterly cash flow… highest shareholder returns in this company’s history.”
The risk: 2026 gold guidance of 2.90 to 3.25 million ounces sits below 2025 actuals, and Mali remains a geopolitical wildcard. At 11x trailing earnings, the bargain is intact.
Kinross Gold (NYSE: KGC) Kinross Gold (NYSE:KGC | KGC Price Prediction) operates in the US, Brazil, Mauritania, and Chile, with a $34.18 billion market cap. Shares at $28.68 sit well under the ceiling after a 97.37% one-year run.
Q1 26 revenue grew 60.8% to $2.41 billion on a $4,873/oz realized gold price, and free cash flow of $837.5 million marked the fourth consecutive record quarter. Buybacks since April 2025 have reduced the count by roughly 3%. At 9x forward earnings, against an analyst target of $41.23, the discount is real. Risk: planned production decline to 2.0 million Au eq oz in 2026 and Mauritanian tax friction.
Harmony Gold Mining (NYSE: HMY) Harmony Gold Mining (NYSE:HMY) is a South African producer pivoting into copper via the $1.00 billion MAC Copper acquisition closed October 2025. At $17.19, the stock trades at 11x earnings, with nine-month gold and copper revenue up 34% to $4.02 billion and a net cash swing of $78 million from net debt of $335 million.
CEO Beyers Nel pointed to an “11th consecutive year of meeting production guidance” and a pathway to roughly 100,000 tonnes of copper per annum. Risks include rand exposure, Eskom reliability, and lower-grade years at Moab Khotsong.
Eldorado Gold (NYSE: EGO) Eldorado Gold (NYSE:EGO) operates in Turkey, Canada, and Greece, with the $1.315 billion Skouries copper-gold project ~94% complete and first concentrate targeted Q3 2026. Q1 26 revenue rose 49.9% to $532.4 million, beating estimates by 4.5%, and adjusted EPS of $0.95 beat by 44.18%.
At $31.69, the stock trades at 7x forward earnings against a $45 analyst target. Skouries capex creep and a Q3 CEO transition are the live risks worth tracking.
Bottom Line Each of these names carries jurisdictional, operational, and commodity-cycle risk that can override a favorable macro setup. Investors should weigh production guidance, AISC trajectories, and capital-return policies against their own time horizon before treating sub-$45 gold equities as a free option on sovereign debt anxiety.
Emphasizes Sustainability as a Foundation for Safe, Responsible and Resilient Growth
(All dollar figures are in US dollars, unless otherwise stated)
VANCOUVER, British Columbia, May 26, 2026 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (TSX: ELD, NYSE: EGO) (“Eldorado” or the “Company”) is pleased to announce the publication of its 2025 Sustainability Report (the “Report”), which provides details of the Company’s environmental, social and governance (“ESG”) performance for the period January 1 to December 31, 2025, unless otherwise stated. The Report also includes historical data for 2023–2025 for greenhouse gas (“GHG”) emissions and other multi-year indicators. The 2025 Sustainability Report is available on Eldorado’s website (https://www.eldoradogold.com/sustainability/reporting).
“At Eldorado, sustainability starts with our people,” said George Burns, Chief Executive Officer. “The publication of our 2025 Sustainability Report reflects the dedication of our teams across Canada, Greece and Türkiye, and their commitment to operating safely, responsibly and with care for one another and the communities around us. In 2025, we continued to strengthen our health and safety culture through programs that encourage our people to speak up, support one another and take personal ownership of safety every day. We also advanced important initiatives to foster a more inclusive, connected and equitable workplace, because we know that strong performance begins with engaged and supported teams. I am proud of the progress we have made and grateful to our employees and contractors whose efforts continue to move us forward. As we build the next chapter of Eldorado’s growth, we remain focused on creating long-term value through responsible mining, with safety and sustainability at the core of everything we do.”
2025 Report Highlights and Achievements:
(Organized by the four pillars of our Sustainability Framework)
Safe, Inclusive and Innovative Operations
At Eldorado, we prioritize a positive culture of health and safety where everyone values their own and others’ safety and well-being. Protecting the health and safety of our employees, contractors, suppliers and communities is a cornerstone of our operating philosophy. We are focused on driving an engaged positive culture, as part of our continued efforts to eliminate fatalities, serious injuries and occupational diseases.
50% women on our Board of Directors and 38% women across our Officers and Senior Management(1);25% global female hire rate achieved;57% decrease in potentially fatal occurrence frequency rate; and25% global completion of Courageous Safety Leadership workshops. Engaged and Prosperous Communities
From the initial stages of exploration to the eventual reclamation and rehabilitation of a mine site, we rely on the relationships with our stakeholders and Indigenous peoples to work toward socially inclusive and sustainable development. By maintaining open and transparent communication, providing competitive wages and benefits, prioritizing local hiring and procurement, contributing our fair share of taxes and royalties, and investing in community programs and infrastructure, we work hard to support the development goals of our host communities and governments.
81% of our employees reside in local and host communities;77% of our contractors are sourced from countries of operations;$7.6 million in community investment, representing a 68% increase year over year; and$1.2 billion spent on local/national procurement with suppliers, representing a 47% increase year over year. Healthy Environments Now and for the Future
As a global company, we are subject to the environmental laws and regulations in each of our operating jurisdictions. We work closely with our regional teams to understand local regulations and align our environmental practices to meet these requirements and our Sustainability Integrated Management System (“SIMS”) standards. Our Climate Change Strategy sets out how we identify, assess, manage, and disclose climate-related risks, opportunities, and impacts across our operations and development projects.
0.42 tCO2e/oz Au average Scope 1 and Scope 2 GHG emissions intensity for operating mines(2);46% of our GHG emissions mitigation target achieved(3);76% water recycled and reused; and48,280 indigenous plants established across 9,036 hectares to advance biodiversity and reclamation. Responsibly Produced Products
The products we produce, primarily gold today and copper-gold concentrate in the future, play an essential role in the global economy and modern society. Gold serves as a store of value, supports financial systems, and contributes to a wide range of applications, including technology, medicine and innovation. Copper is a critical material for electrification and the energy transition, supporting the shift to a lower-carbon economy. With first copper concentrate expected in 2026, our entry into copper production is expected to contribute to these global outcomes.
Continuous improvement of our sustainability management system framework, SIMS, including the rollout of new training for our workforce;Completed a Mining Association of Canada’s Towards Sustainable Mining verification at the Lamaque Complex, with Level AAA scores for all applicable protocols;Full conformance with World Gold Council’s Responsible Gold Mining Principles and Conflict-Free Gold Standard; andIndependent Human Rights and Voluntary Principles on Security assessments completed across all operating sites.
Sustainability Data Centre
Eldorado Gold is pleased to announce, new for the 2025 reporting cycle, a new sustainability data centre, which is a centralized hub for sustainability data, alongside financial and operational data. The data centre is available on Eldorado’s website via this link: Data Centre.
Feedback
Eldorado Gold welcomes feedback from all stakeholders and communities regarding the Company’s sustainability reporting. Please direct comments or requests for further information to Investor Relations.
Notes:
(1)Data as at December 31, 2025 and may therefore differ from those disclosed in Eldorado’s other reports published in 2026, which use different reporting timeframes. (2)GHG emissions intensity per ounce of gold includes only those operations that produced gold during the year (Lamaque Complex, Kışladağ, Efemçukuru and Olympias). This figure is calculated in alignment with the GHG Protocol Corporate Accounting and Reporting Standard. (3)This figure represents Eldorado’s estimated Scope 1 and Scope 2 GHG emissions mitigated from mines included in the GHG emissions mitigation target (Lamaque Complex, Kışladağ, Efemçukuru, Olympias and Stratoni) as at the end of 2025, as compared to an unmitigated “business-as-usual” scenario. The GHG emissions mitigation target does not include Skouries and is distinct from our corporate Scope 1 and Scope 2 GHG emissions measured on an absolute basis. About Eldorado Gold
Eldorado is a gold and base metals producer with mining, development and exploration operations in Canada, Greece and Türkiye. The Company has a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado's common shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).
Media
Chad Pederson, Director, Communications and Public Affairs
236 885 6251 or 1 888 353 8166 [email protected]
Cautionary Note about Forward-looking Statements and Information
Certain of the statements made and information provided in this news release are forward-looking statements or information within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Often, these forward-looking statements and forward-looking information can be identified by the use of words such as “anticipate”, “believe”, “budget”, “continue”, “commitment”, “confident”, “deliver”, “estimate”, “expect”, “forecast”, “foresee”, “future”, “goal”, “generate”, “guidance”, “intend”, “opportunity”, “outlook”, “plan”, “project”, “potential”, “prospective”, “scheduled” “strive”, or “target” or the negatives thereof or variations of such words and phrases or similar words or statements that certain actions, events or results “can”, “could”, “likely”, “may”, “might”, “will”, or “would” be taken, occur or be achieved.
Forward-looking statements or information contained in this news release include, but are not limited to, statements or information with respect to: sustainability commitments, both generally in the pillars of our Sustainability Framework and in specific initiatives developed within each pillar; our beliefs with respect to our impact and approach to sustainability; our initiatives to foster a more inclusive, connected and equitable workplace; our focus on creating long-term value through responsible mining; our ongoing efforts towards our climate change strategy; and generally our strategy, plans and goals.
Forward-looking statements and forward-looking information are by their nature based on a number of assumptions that management considers reasonable. However, if such assumptions prove to be inaccurate, then actual results, activities, performance or achievements may be materially different from those described in the forward-looking statements or information. These include assumptions concerning, among other things: the current or future price of gold, copper and other commodities; anticipated values, costs, expenses and working capital requirements; the geopolitical, economic, permitting and legal climate that we operate in; general business and economic conditions, including interest rates, inflation, commodity and power prices, credit and financial market conditions and the impact of foreign exchange rates and tax rates and related frameworks; our ability to address the negative impacts of climate change and adverse weather; and our ongoing relations with regulators, communities, and our partners. In addition, except where otherwise stated, we have assumed a continuation of existing business operations on substantially the same basis as exists at the time of this news release. Even though we believe that the assumptions and expectations represented by such statements or information are reasonable, there can be no assurance that the forward-looking statements or information will prove to be accurate. Many assumptions may be difficult to predict and are beyond our control.
Forward-looking statements or information contained in this news release are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements or information, including, but not limited to: prices of commodities and consumables; construction and development risks at the Skouries project, the McIlvenna Bay project and our other construction and development projects; changing political, economic and social conditions, including changes in governments or political systems, ongoing market uncertainty and global or regional geopolitical events, conflicts or disruptions; risks relating to our operations in foreign jurisdictions; risks related to production and processing; risks related to our improvement projects; our ability to integrate the assets of Foran Mining Corporation, advance its exploration and development assets and to realize anticipated synergies and benefits therefrom on the timelines expected or at all; delays and risks relating to surface construction, commissioning activities, ramp-up, and commercial production at McIlvenna Bay; our ability to obtain reliable supplies of power and water at a reasonable cost; our reliance on significant amounts of critical equipment; our reliance on infrastructure, commodities and consumables; inflation risk; risks related to fluctuations in the currency markets, including the Euro, Turkish lira, Canadian dollar and United States dollar; community relations and social license; environmental matters; geotechnical and hydrogeological structures, conditions or failures, including our ability to completely understand such structures and to mitigate such conditions or failures at a reasonable cost or at all; regulatory requirements as they relate to mine plan approvals; compliance with the Extractive Sector Transparency Measures Act (Canada); waste disposal; mineral tenure; permits, licenses and other authorizations; non-governmental organizations; reputational issues; climate change; change of control; actions of activist shareholders; estimation of Mineral Reserves and Mineral Resources; risks related to replacement of Mineral Reserves; regulatory reviews and different standards used to prepare and report Mineral Reserves and Mineral Resources; risks relating to any pandemic, epidemic, endemic or similar public health threats; regulated substances; acquisitions, including integration risks; dispositions; co-ownership of our properties; investment portfolio; volatility, volume fluctuations, and dilution risk in respect of our shares; competition; reliance on a limited number of smelters and off-takers; information and operational technology systems; liquidity and financing risks; indebtedness, including current and future operating restrictions, implications of a change of control, ability to meet debt service obligations, the implications of defaulting on obligations and changes in credit ratings; total cash costs per ounce and all in sustaining costs, including in relation to the market price of gold and the Company’s profitability; interest rate risk; credit risk; tax matters; financial reporting, including relating to the carrying value of our assets and changes in reporting standards; the global economic environment; labour risks (availability of labour resources, including for construction, development and improvements activities, and their productivity; and risks relating to employee/union relations, employee misconduct, key personnel, skilled workforce, expatriates and contractors, reclamation and long-term obligations); turnover and attrition rates of labour, and related impacts thereto; the unavailability of insurance; Sarbanes-Oxley Act, applicable securities laws, and stock exchange rules; risks related to title and surface rights; risks relating to environmental, sustainability, health and safety, and governance matters; technology and cybersecurity risks; corruption, bribery, and sanctions; litigation and contracts; conflicts of interest; compliance with applicable laws, legislation and regulations; dividends; tariffs and other trade barriers; and those risk factors discussed in the section titled “Risk Factors in Our Business” in the Company’s most recent Annual Information Form and Form 40-F. The reader is directed to carefully review our most recent Annual Information Form, Form 40-F and other regulatory filings filed on SEDAR+ and EDGAR under our Company name for a fuller understanding of the risks and uncertainties that affect the Company’s business and operations.
The inclusion of forward-looking statements and information is designed to help you understand management’s current views of our near and longer-term prospects, and it may not be appropriate for other purposes. There can be no assurance that forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Except as required by law, we do not expect to update forward-looking statements and information continually as conditions change and you are referred to the full discussion of the Company’s business contained in the Company’s reports filed with the securities regulatory authorities in Canada and the United States. Accordingly, you should not place undue reliance on the forward-looking statements or information contained herein.
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Key Milestone Ahead of Q3-2026 Commercial Production
Copper Concentrate Production Strengthens Eldorado's Growth Profile
(All dollar figures are in US dollars, unless otherwise stated)
VANCOUVER, British Columbia, June 08, 2026 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (TSX: ELD, NYSE: EGO) (“Eldorado” or the “Company”) is pleased to announce that first copper concentrate has been produced at the Company’s 100%-owned McIlvenna Bay Project in east-central Saskatchewan, Canada. This milestone represents a significant addition to Eldorado's already diversified portfolio and further strengthens the Company's Canadian operating platform.
Wet commissioning of the McIlvenna Bay processing plant was completed recently, and following the commencement of hot commissioning, first copper concentrates were produced on June 7, 2026. The operating team is now focused on ramp-up toward the nameplate capacity of 4,900 tonnes per day. Key activities during the ramp-up period include optimizing the flotation circuit and reagent addition performance, and completing the paste plant and associated underground infrastructure, such as the paste plant reticulation to support ongoing mine and plant production ramp-up. The Company expects to achieve commercial production at McIlvenna Bay in Q3 2026.
“Achieving first concentrate at McIlvenna Bay is a significant milestone, not just for Eldorado but for Canadian mining,” said George Burns, Chief Executive Officer. “This project is a compelling example of Canada's ability to advance critical mineral assets responsibly and with conviction. McIlvenna Bay diversifies our revenue base with substantial copper and zinc production, and alongside our Skouries project in Greece, will transform Eldorado into a high-margin, free cash flow generating business. We are proud to become part of the Saskatchewan mining community and look forward to building lasting relationships with our employees, Indigenous rightsholders and local communities and all levels of government as we advance this exceptional asset together.”
The Honourable Scott Moe, Premier of Saskatchewan commented, “First concentrate at McIlvenna Bay is great news for Saskatchewan and for Canada. This project is a testament to what is possible when responsible resource development, strong Indigenous partnerships, and committed investors come together in a premier mining jurisdiction. McIlvenna Bay will generate jobs, economic activity, and long-term prosperity for communities across Saskatchewan for decades to come. We congratulate Eldorado Gold on reaching this important milestone and look forward to the project's continued success.”
The Honourable Tim Hodgson, federal Minister of Energy and Natural Resources commented, “This milestone at McIlvenna Bay demonstrates how Canada is seizing this moment, and the momentum of this project following its referral to the Major Projects Office by the Prime Minister in 2025. It is a perfect example of how we are moving quickly, responsibly, and in partnership with provinces and Indigenous Peoples to become an energy and mining superpower. Copper and zinc underpin clean energy, national security, and industrial supply chains – and now, Canada is delivering them, for ourselves and our allies. I congratulate Eldorado Gold, the Province of Saskatchewan, and all the partners who made this milestone possible. This is how we build Canada Strong for all.”
Following the completion of the acquisition of Foran Mining Corporation on April 14, 2026, the Company is advancing a focused exploration and growth strategy at McIlvenna Bay, building on a strong operational and geological foundation. The Company has committed approximately $17 million of additional exploration spending on McIlvenna Bay and its wider mineral claims in 2026, reflecting the highly prospective, district-scale nature of the land package and the opportunity to further extend mine life and support further growth.
The adjacent Tesla Zone, a high-grade polymetallic discovery located near existing infrastructure, represents a compelling longer-term expansion opportunity at McIlvenna Bay. Beyond testing for copper-rich extensions at Tesla, the exploration team will be drilling the Bigstone deposit with the objective of expanding that resource, drilling several advanced and early-stage targets and undertaking large-scale airborne and target-scale geophysical surveys to identify new and refine known targets for future drill testing. In addition, the team will be undertaking various ore body characterization studies to support both exploration vectoring and future resource development. These have the potential to increase scale, extend mine life, and enhance the long-term value of the asset. McIlvenna Bay is situated within a mineral-rich belt extending over 225 kilometres that has supported base metal production for over a century, underscoring the significant exploration potential across the broader district, much of which remains largely untested.
McIlvenna Bay meaningfully diversifies Eldorado's asset base across both geography and commodity. The project provides the Company with significant copper exposure, adding a critical mineral in global demand to a portfolio that is well-balanced. With operations spanning Canada, Greece, and Türkiye, the combined portfolio delivers jurisdictional diversification alongside attractive long-term cash flow generation. The Company's increased scale and enhanced Canadian exposure are expected to support a compelling valuation re-rate for shareholders.
Qualified Person
Simon Hille, FAusIMM, Executive Vice President, Chief Operating Officer, is the Qualified Person under National Instrument 43-101 responsible for preparing and supervising the preparation of the scientific or technical information contained in this news release and for verifying the technical data disclosed in this document relating to McIlvenna Bay.
About Eldorado Gold
Eldorado is a gold and base metals producer with mining, development and exploration operations in Canada, Türkiye, and Greece. The Company has a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado's common shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).
Media
Chad Pederson, Director, Communications and Public Affairs
236 885 6251 or 1 888 353 8166 [email protected]
Cautionary Note about Forward-looking Statements and Information
Certain of the statements made and information provided in this news release are forward-looking statements or forward-looking information within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Often, these forward-looking statements and forward-looking information can be identified by the use of words such as “anticipates”, “believes”, “budgets”, "committed", “continue”, “estimates”, “expects”, “focus”, “forecasts”, “foresee”, “forward”, “future”, “goal”, “guidance”, “intends”, “opportunity”, “outlook”, “plans”, “potential”, “schedule”, “strategy”, “target”, “underway”, “working” or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results “can”, “could”, "likely", "may", “might”, “will” or "would" be taken, occur or be achieved.
Forward-looking statements and forward-looking information contained in this news release includes, but is not limited to, statements or information with respect to: our focus on ramp-up toward the nameplate capacity of 4,900 tonnes per day and our expected key activities during the ramp-up period; our expectation to achieve commercial production at McIlvenna Bay in Q3 2026; our expectations regarding McIlvenna Bay, including expected benefits, alongside Skouries, to the Company; our expectations of the adjacent Tesla Zone, including expected activities from the exploration team and the potential to increase scale, extend mine life, and enhance the long-term value of the asset; our belief that the combined portfolio of the Company delivers jurisdictional diversification alongside attractive long-term cash flow generation, and that the increased scale and enhanced Canadian exposure are expected to support a compelling valuation re-rate for shareholders; and generally our strategy, plans and goals, including our proposed exploration, development, construction, permitting, financing and operating potential, plans and priorities and related timelines and schedules.
Forward-looking statements and forward-looking information by their nature are based on a number of assumptions that management considers reasonable. However, if such assumptions prove to be inaccurate, then actual results, activities, performance or achievements may be materially different from those described in the forward-looking statements or information. These include assumptions concerning: timing, cost and results of our construction and development activities, improvements, and exploration; the future price of gold, copper, and other commodities; receipt of all required permits on the timelines we expect; the global concentrate market; exchange rates; anticipated values, costs, expenses and working capital requirements; the successful integration of the assets and operations from the acquisition of Foran Mining Corporation, and the realization of benefits derived therefrom; our ability to continue accessing our project funding and remain in compliance with all covenants and contractual commitments related thereto; availability of labour resources, including for construction, development and improvements activities; production and metallurgical recoveries; Mineral Reserves and Mineral Resources; our ability to effectively use invested capital and unlock the potential expansion opportunities across the portfolio; our ability to address the negative impacts of climate change and adverse weather; consistency of agglomeration and our ability to optimize it in the future; the cost of, and extent to which we use, essential consumables (including fuel, explosives, cement, and cyanide); the impact and effectiveness of productivity initiatives; the time and cost necessary of shipping for important or critical items for construction, development and improvements activities or for anticipated overhauls of equipment; expected by-product grades; the use, and impact or effectiveness, of growth capital; the impact of acquisitions, dispositions, suspensions or delays on our business, and the sustaining capital required for various projects; and the geopolitical, economic, permitting and legal climate that we operate in. In addition, except where otherwise stated, Eldorado has assumed a continuation of existing business operations on substantially the same basis as exists at the time of this news release. Even though we believe that the assumptions and expectations represented by such statements or information are reasonable, there can be no assurance that the forward-looking statement or information will prove to be accurate. Many assumptions may be difficult to predict and are beyond our control.
Forward-looking statements or information contained in this news release are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements or information, including, but not limited to: commodity price risk; development risks at Skouries, McIlvenna Bay, and other construction and development projects; including the ability of key suppliers to meet key contractual commitments in terms of schedules, amount of product delivered, cost, or quality and our ability to construct key infrastructure within the required timelines, and unexpected inclement weather and climate events that may delay timelines; risks relating to our operations in foreign jurisdictions; risks related to production and processing; risks related to our improvement projects; integration risks relating to the acquisition of Foran Mining Corporation, including the possibility that anticipated benefits from the acquisition are not realized on the timeline expected or at all; delays and risks relating to surface construction, commissioning activities, ramp-up, and commercial production at McIlvenna Bay; our ability to secure supplies of power and water at a reasonable cost; prices of commodities and consumables; our reliance on significant amounts of critical equipment; our reliance on infrastructure, commodities and consumables; inflation risk; community relations and social license; risks related to title and surface rights; environmental, health and safety matters; our ability to completely understand geotechnical structures, geotechnical and hydrogeological conditions or failures, and our ability to mitigate such conditions or failures at a reasonable cost, or at all; regulatory requirements as they relate to mine plan approvals; compliance with the Extractive Sector Transparency Measures Act (Canada); waste disposal; mineral tenure; permits, licences and other authorizations; non-governmental organizations; reputational issues; climate change; change of control; actions of activist shareholders; estimation of Mineral Reserves and Mineral Resources; risks related to replacement of mineral reserves; regulatory reviews and different standards used to prepare and report Mineral Reserves and Mineral Resources; risks relating to any pandemic, epidemic, endemic, or similar public health threats; regulated substances; acquisitions, including general integration risks; dispositions; co-ownership of our properties; investment portfolio; volatility, volume fluctuations, and dilution risk in respect of our shares; competition; reliance on a limited number of smelters and off-takers; information and operational technology systems; liquidity and financing risks; indebtedness (including current and future operating restrictions, implications of a change of control, ability to meet debt service obligations, the implications of defaulting on obligations and changes in credit ratings); total cash costs per ounce and AISC (particularly in relation to the market price of gold and the Company’s profitability); currency risk; interest rate risk; credit risk; tax matters; financial reporting (including relating to the carrying value of our assets and changes in reporting standards); the global economic environment; labour risks (availability of labour resources, including for construction, development and improvements activities, and their productivity; and risks relating to employee/union relations, employee misconduct, key personnel, skilled workforce, expatriates, and contractors); turnover and attrition rates of labour, and related impacts thereto; default on obligations; current and future operating restrictions; reclamation and long-term obligations; credit ratings; change in reporting standards; the unavailability of insurance; Sarbanes-Oxley Act, applicable securities laws, and stock exchange rules; risks relating to environmental, sustainability, and governance practices and performance; corruption, bribery, and sanctions; employee misconduct; litigation and contracts; conflicts of interest; compliance with privacy legislation; dividends; cyber security risk; and international conflict and other geopolitical tensions and events, including war, tariffs and other trade barriers; and those risk factors discussed in the section titled “Risk Factors in Our Business” in the Company’s most recent Annual Information Form and Form 40-F. The reader is directed to carefully review our most recent Annual Information Form, Form 40-F and other regulatory filings filed on SEDAR+ and EDGAR under our Company name for a fuller understanding of the risks and uncertainties that affect the Company’s business and operations.
The inclusion of forward-looking statements and information is designed to help you understand management’s current views of our near- and longer-term prospects, and it may not be appropriate for other purposes. There can be no assurance that forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, you should not place undue reliance on the forward-looking statements or information contained herein. Except as required by law, we do not expect to update forward-looking statements and information continually as conditions change and you are referred to the full discussion of the Company’s business contained in the Company’s reports filed with the securities regulatory authorities in Canada and the United States.
Key Takeaways Eldorado Gold produced its first copper concentrate at the fully owned McIlvenna Bay Project.McIlvenna Bay adds copper and zinc production, diversifying Eldorado Gold's asset base.Eldorado Gold plans to invest $17M in 2026 exploration at McIlvenna Bay and nearby claims. Eldorado Gold Corporation (EGO - Free Report) announced that it produced the first copper concentrate at its fully owned McIlvenna Bay Project. This milestone production solidifies Eldorado Gold’s Canadian operating platform.
McIlvenna Bay Project Enhances EGO’s ExposureIn April 2026, Eldorado Gold announced that it acquired all outstanding shares of Foran Mining Corporation, boosting the balance and resilience of EGO’s existing asset base. The acquisition of Foran added two high-quality, fully financed development assets — Skouries and McIlvenna Bay — to Eldorado Gold’s portfolio.
The McIlvenna Bay Project in east-central Saskatchewan, Canada, meaningfully diversified Eldorado Gold's asset base with substantial production of copper and zinc. By adding highly demanded critical minerals like copper, the project provides the company with significant exposure and complements its well-balanced portfolio. The production of the first copper concentrate at the project is a milestone for Saskatchewan and for Canada.
Combined with the Skouries project in Greece, McIlvenna Bay is expected to transform the company into a high-margin, free-cash-flow-generating business. Moreover, the project is expected to yield jobs, economic activity and long-term prosperity for communities across Saskatchewan through the upcoming years.
Eldorado Gold’s Focus on GrowthIn 2026, EGO is committing around $17 million to further exploration at McIlvenna Bay and its surrounding claims. This investment reflects the highly prospective, district-scale nature of the land package and fuels ongoing growth.
The nearby Tesla Zone, which is a high-grade polymetallic discovery, offers an excellent long-term expansion opportunity for McIlvenna Bay. Along with testing for copper-rich extensions at Tesla, Eldorado Gold’s exploration team plans to drill the Bigstone deposit to grow its resource base.
EGO Stock’s Price PerformanceEldorado Gold shares have gained 44.2% in the past year compared with the industry’s return of 54.7%.
Image Source: Zacks Investment Research
Eldorado Gold’s Zacks Rank & Stocks to ConsiderThe company currently has a Zacks Rank #5 (Strong Sell).
Some better-ranked stocks from the basic materials space are Albemarle Corporation (ALB - Free Report) , CF Industries Holdings, Inc. (CF - Free Report) and Avino Silver & Gold Mines Ltd. (ASM - Free Report) . ALB carries a Zacks Rank #1 (Strong Buy) at present, whereas CF and ASM carry a Zacks Rank 2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Albemarle has an average trailing four-quarter earnings surprise of 74.5%. The Zacks Consensus Estimate for the company’s 2026 earnings is pegged at $12.45 per share, indicating year-over-year growth from a loss of 79 cents. ALB shares have skyrocketed 181% so far this year.
The Zacks Consensus Estimate for CF Industries’ current-year earnings is pegged at $17.16 per share, indicating an 83% year-over-year rise. CF has an average trailing four-quarter earnings surprise of 11.4%. CF Industries’ shares have gained 21.4% in a year.
Avino Silver has an average trailing four-quarter earnings surprise of 125%. The Zacks Consensus Estimate for Avino Silver’s 2026 earnings is pegged at 39 cents per share, indicating 34.5% year-over-year growth. Its shares have surged 90.5% in a year.
Here are three stocks with buy rank and strong income characteristics for investors to consider today, March 26:
Opera Limited (OPRA - Free Report) : This web browser company witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.6% the last 60 days.
This Zacks Rank #1 company has a dividend yield of 5.6%, compared with the industry average of 0.0%.
Li Ning Company Limited (LNNGY - Free Report) : This sports brand company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.1% the last 60 days.
This Zacks Rank #1 company has a dividend yield of 3.2%, compared with the industry average of 0.0%.
Equinor ASA (EQNR - Free Report) : This energy company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 24.3% in the last 60 days.
This Zacks Rank #1 company has a dividend yield of 3.0%, compared with the industry average of 2.1%.
See the full list of top ranked stocks here.
Find more top income stocks with some of our great premium screens.
Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- Opera Limited (NASDAQ: OPRA), a leading global browser and AI agent company, today announced that its annual report on Form 20-F for the fiscal year ended December 31, 2025, has been filed with the U.S. Securities and Exchange Commission (the "SEC").
The annual report can be accessed on Opera's investor relations website at investor.opera.com or the SEC's website at www.sec.gov. Opera will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon requests directed to [email protected] or:
Opera Limited
Vitaminveien 4
0485 Oslo, Norway
Attn: Investor Relations
About Opera
Opera is a user-centric and innovative software company focused on enabling the best possible internet browsing experience across devices. Hundreds of millions worldwide use Opera's mobile and desktop browsers for their speed, security, and unique features, enhanced with integrated AI that enables users to navigate and interact with the web in new transformative ways. Founded in 1995 and headquartered in Oslo, Norway, Opera is listed on the Nasdaq stock exchange under the ticker symbol "OPRA". Download Opera products from opera.com and learn more about Opera at investor.opera.com.
Weibo (NASDAQ:WB – Get Free Report) and Opera (NASDAQ:OPRA – Get Free Report) are both computer and technology companies, but which is the better stock? We will contrast the two companies based on the strength of their analyst recommendations, institutional ownership, earnings, valuation, profitability, risk and dividends.
Insider and Institutional Ownership 68.8% of Weibo shares are owned by institutional investors. Comparatively, 10.2% of Opera shares are owned by institutional investors. 41.3% of Weibo shares are owned by insiders. Comparatively, 84.4% of Opera shares are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.
Earnings & Valuation This table compares Weibo and Opera”s revenue, earnings per share and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Weibo $1.76 billion 1.19 $449.02 million $1.70 5.05 Opera $614.83 million 1.97 $108.28 million $1.19 11.34 Weibo has higher revenue and earnings than Opera. Weibo is trading at a lower price-to-earnings ratio than Opera, indicating that it is currently the more affordable of the two stocks.
Analyst Recommendations This is a breakdown of recent recommendations for Weibo and Opera, as provided by MarketBeat.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Weibo 0 1 1 0 2.50 Opera 0 1 4 1 3.00 Weibo currently has a consensus target price of $14.00, suggesting a potential upside of 63.17%. Opera has a consensus target price of $22.75, suggesting a potential upside of 68.64%. Given Opera’s stronger consensus rating and higher possible upside, analysts clearly believe Opera is more favorable than Weibo.
Risk & Volatility Weibo has a beta of 0.13, meaning that its stock price is 87% less volatile than the S&P 500. Comparatively, Opera has a beta of 1.13, meaning that its stock price is 13% more volatile than the S&P 500.
Dividends Weibo pays an annual dividend of $0.80 per share and has a dividend yield of 9.3%. Opera pays an annual dividend of $0.78 per share and has a dividend yield of 5.8%. Weibo pays out 47.1% of its earnings in the form of a dividend. Opera pays out 65.5% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Weibo is clearly the better dividend stock, given its higher yield and lower payout ratio.
Profitability This table compares Weibo and Opera’s net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets Weibo 25.55% 10.63% 5.87% Opera 17.61% 8.00% 7.12% Summary Opera beats Weibo on 9 of the 17 factors compared between the two stocks.
About Weibo (Get Free Report)
Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, discover, and distribute content in the People’s Republic of China. It operates in two segments, Advertising and Marketing Services; and Value-Added Services. The company offers discovery products to help users discover content on its platform; self-expression products that enable its users to express themselves on its platform; and social products to promote social interaction between users on its platform. It also provides advertising and marketing solutions, such as social display advertisements; and promoted marketing offerings, such as Fans Headline and Weibo Express promoted feeds, as well as promoted trends and search products that appear alongside user’s trends discovery and search behaviors. In addition, the company offers products, such as trends, search, video/live streaming, and editing tools; content customization, copyright contents pooling, and user interaction development; and search list recommendation, trends list recommendation, and Weibo app opening advertisements. Further, it provides back-end management, traffic support, and product services for better displaying and promotion of its account and content; open application platform for other app developers that allows users to log into third-party applications with their Weibo account for sharing third-party content on its platform; and Weibo Wallet, a product that enables platform partners to conduct interest generation activities on Weibo, such as handing out red envelops and coupons. The company was formerly known as T.CN Corporation and changed its name to Weibo Corporation in 2012. The company was founded in 2009 and is headquartered in Beijing, the People’s Republic of China.
About Opera (Get Free Report)
Opera Limited, together with its subsidiaries, provides mobile and PC web browsers and related products and services in Norway and internationally. The company offers mobile browser products, such as Opera Mini, Opera browser for Android and iOS, and Opera GX for PCs and Mobile; Opera Touch; PC browsers, including Opera for Computers and Opera GX; Apex Football; Opera VPN Pro; and Opera News, an AI-powered personalized news discovery and aggregation service. It provides Opera Crypto Browser for PCs and mobile; browser-based cashback rewards programs; owns GameMaker Studio, a 2D gaming development platform; and GXC, a gaming portal. In addition, the company operates Opera Ads, an online advertising platform; and offers Web3 and e-commerce services. Opera Limited was founded in 1995 and is headquartered in Oslo, Norway. Opera Limited is a subsidiary of Kunlun Tech Limited.
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Opera turns the browser into an AI execution layer with MCP Connector. Powered by MCP Connector, Opera enables AI clients such as Claude, ChatGPT, Lovable, n8n and OpenClaw to connect directly to the browser and act within it.
, /PRNewswire/ -- Opera (NASDAQ: OPRA), the Norwegian browser innovator and agentic AI company, today announced MCP Connector for Opera Neon, enabling external AI clients to connect directly to the browser, access live web context, and perform actions within it.
This means you no longer need to bring context to your AI. Your AI now comes to where your work already is.
MCP Connector Opera Neon, Opera's agentic browser, now supports third-party AI agents through MCP Connector, allowing these AI clients to operate within the user's active session.
Unlike AI systems that operate in isolated or simulated browser environments, Opera Neon allows AI to work directly within the user's real browser session.
AI clients are becoming more capable, but remain disconnected from where work happens. Users still need to copy content between tabs, re-explain what they are looking at, and restart workflows every time they switch tools. MCP Connector addresses this by allowing AI clients to access and act directly within the browser.
"Last year, we launched Browser Operator as a first step toward an agentic browser. Now we are opening those capabilities to external AI clients through MCP, so they can act directly inside the browser, not outside it," said Monika Kurczyńska, Director of R&D for browser AI at Opera.
By exposing a Model Context Protocol (MCP) endpoint, Opera Neon gives connected AI clients access to live browser context, including open tabs, page content, and authenticated sessions. AI clients can also perform actions such as navigating pages, extracting information, capturing screenshots, filling out forms, opening new tabs, and performing searches.
With MCP Connector, Opera Neon opens the browser to a wide range of AI clients. Popular AI clients such as Claude, ChatGPT, Lovable, OpenClaw and n8n can connect today, alongside other MCP-compatible clients, creating an open ecosystem around the browser.
MCP Connector builds on Opera Neon's existing ability to execute tasks directly in the browser, where it can navigate sites and perform actions based on user intent. With this update, these capabilities are now available to external AI clients.
Use cases include development, prototyping, and automation. Developers are already using tools such as Claude Code to test applications directly in a real browser environment. Prototyping tools like Lovable can use live interfaces to generate designs. Automation platforms such as n8n and AI assistants like ChatGPT can incorporate browser-based actions into workflows.
"The browser is where workflows live, but AI has been disconnected from it," said Monika Kurczyńska. "With Opera Neon, we connect popular AI clients directly to an agentic browser, so they can operate where users already work, without needing to recreate context."
Opera develops a portfolio of browsers designed for different audiences, including its flagship browser Opera One, the gaming-focused Opera GX, and Opera Neon, its agentic browser focused on AI-driven workflows. With MCP Connector, Opera Neon extends these capabilities by enabling external AI clients to operate directly within the browser.
To support these interactions, Opera has implemented two core components. Authentication is handled through a secure MCP server URL, ensuring that only authorized AI clients can access the browser session. A persistent proxy layer maintains connection stability and returns a clear "browser not available" state when the browser is not accessible.
MCP Connector is available today for all Opera Neon subscribers. Opera will also introduce a simplified version of browser connector to its flagship Opera One and Opera GX browsers, expanding access to these capabilities across its product portfolio.
About Opera
Opera is a user-centric and innovative software company focused on enabling the best possible internet browsing experience across devices. Hundreds of millions of people use Opera browsers for their unique features on mobile phones and desktop computers. Founded in 1995 and headquartered in Oslo, Norway, Opera is publicly listed on the Nasdaq stock exchange under the ticker symbol OPRA. Download Opera browsers and other Opera products at opera.com. Learn more at investor.opera.com.
Beyond Commerce (OTCMKTS:BYOC – Get Free Report) and Opera (NASDAQ:OPRA – Get Free Report) are both small-cap computer and technology companies, but which is the better business? We will compare the two companies based on the strength of their dividends, valuation, earnings, analyst recommendations, profitability, institutional ownership and risk.
Analyst Recommendations This is a breakdown of current recommendations and price targets for Beyond Commerce and Opera, as provided by MarketBeat.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Beyond Commerce 0 0 0 0 0.00 Opera 0 1 4 1 3.00 Opera has a consensus price target of $22.75, suggesting a potential upside of 56.90%. Given Opera’s stronger consensus rating and higher possible upside, analysts plainly believe Opera is more favorable than Beyond Commerce.
Volatility and Risk Beyond Commerce has a beta of -1.61, suggesting that its share price is 261% less volatile than the S&P 500. Comparatively, Opera has a beta of 1.22, suggesting that its share price is 22% more volatile than the S&P 500.
Profitability This table compares Beyond Commerce and Opera’s net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets Beyond Commerce N/A -94.42% 707.65% Opera 17.61% 8.00% 7.12% Institutional & Insider Ownership 10.2% of Opera shares are owned by institutional investors. 1.0% of Beyond Commerce shares are owned by insiders. Comparatively, 84.4% of Opera shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.
Earnings and Valuation This table compares Beyond Commerce and Opera”s top-line revenue, earnings per share and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Beyond Commerce $2.59 million 0.64 $3.32 million N/A N/A Opera $614.83 million 2.11 $108.28 million $1.19 12.18 Opera has higher revenue and earnings than Beyond Commerce.
Summary Opera beats Beyond Commerce on 12 of the 13 factors compared between the two stocks.
About Beyond Commerce (Get Free Report)
Beyond Commerce, Inc. engages in the business-to-business Internet marketing technology and services, and information management market businesses. It offers content, business process management, customer feedback management, customer experience management, business network, and BYOC analytics services. The company was formerly known as BOOMj, Inc. and changed its name to Beyond Commerce, Inc. in February 2009. Beyond Commerce, Inc. is based in Las Vegas, Nevada.
About Opera (Get Free Report)
Opera Limited, together with its subsidiaries, provides mobile and PC web browsers and related products and services in Norway and internationally. The company offers mobile browser products, such as Opera Mini, Opera browser for Android and iOS, and Opera GX for PCs and Mobile; Opera Touch; PC browsers, including Opera for Computers and Opera GX; Apex Football; Opera VPN Pro; and Opera News, an AI-powered personalized news discovery and aggregation service. It provides Opera Crypto Browser for PCs and mobile; browser-based cashback rewards programs; owns GameMaker Studio, a 2D gaming development platform; and GXC, a gaming portal. In addition, the company operates Opera Ads, an online advertising platform; and offers Web3 and e-commerce services. Opera Limited was founded in 1995 and is headquartered in Oslo, Norway. Opera Limited is a subsidiary of Kunlun Tech Limited.
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OPRA demonstrates diversified growth prospects via AI-driven query monetization, e-commerce advertising, and fintech expansion, aided by the nascent Neon subscription opportunities. Management's FY2026 guidance targets strong revenue/adj EBITDA growth, albeit with potentially underwhelming adj EPS performance due to the elevated advertising costs. OPRA's sideways trading already triggers to the cheap P/E of ~10x, with the stock offering a potentially rich upside potential to my bull-case LTPT of $42.20.
On April 13, 2026, Opera Ltd OPRA shares rose 3.2% to a current price of $15.22. This increase comes amid a 52-week range of $11.71 to $21.06, indicating significant volatility over the past year.
GF Value™ verdict: Current price $15.22 vs GF Value™ of $22.36, indicating a 31.9% undervaluation.GF Score™ of 86/100 (Strong), suggesting a solid investment profile.Most notable signal: Financial Strength scored 10/10, indicating a robust financial position. Is OPRA Overvalued or Undervalued? Based on the GF Value™, Opera Ltd is currently undervalued. The shares are trading at $15.22, significantly below the GF Value™ estimate of $22.36, which represents a margin of safety of 31.9%. This undervaluation indicates a potential opportunity for investors, as the stock is positioned well below its estimated intrinsic value. The GF Valuation label categorizes OPRA as significantly undervalued, suggesting that there is room for growth should the market recognize its true worth.
GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. Given the substantial gap between the current price and the GF Value™, there is an opportunity for price appreciation, although investors should be cautious, as external market factors could impact stock performance in the short term.
How Does OPRA's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 12.8x 13.9x Forward P/E 10.6x N/A Opera Ltd's current P/E ratio of 12.8x is below its 5-year median P/E of 13.9x, indicating that the stock is trading at a lower valuation compared to its historical averages. This analysis aligns with the GF Value™ verdict, reinforcing the notion that the current valuation presents an attractive investment opportunity.
What Does OPRA's GF Score™ Tell Us? Metric Rating GF Score™ 86 Financial Strength 10/10 Profitability 7/10 Growth 9/10 Valuation 4/10 Momentum 5/10 The GF Score™ of 86/100 indicates that Opera Ltd ranks strongly across several key metrics. The highest score is in Financial Strength, reflecting a robust balance sheet and stable financial position. In contrast, the Valuation rank of 4/10 shows that there may be concerns regarding its current stock price relative to its earnings. Overall, the high GF Score™ suggests a well-rounded company with solid fundamentals, although there is room for improvement in its valuation metrics.
What Are Insiders Doing with OPRA Stock? There have been no insider transactions in the last three months for Opera Ltd. This lack of activity suggests that insiders may not currently see a pressing need to buy or sell shares, which could imply confidence in the company's current valuation and future prospects.
What This Means for Investors Given the current price of $15.22 compared to the GF Value™ of $22.36, Opera Ltd is assessed as undervalued. This presents a potential opportunity for investors looking for stocks that may appreciate towards their intrinsic value.
For the complete analysis, visit the Opera Ltd OPRA stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is OPRA's GF Score™?
OPRA's GF Score™ is 86/100, indicating a strong investment profile based on various financial metrics.
Is OPRA overvalued or undervalued?
Opera Ltd is currently undervalued, with a GF Value™ of $22.36 compared to its current price of $15.22, suggesting significant upside potential.
What is OPRA's P/E ratio?
OPRA's P/E (TTM) is 12.8x, which is below its 5-year median P/E of 13.9x, indicating that the stock is trading at a lower valuation compared to its historical averages.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Opera Limited Sponsored ADR (NASDAQ:OPRA – Get Free Report) has received a consensus rating of “Buy” from the six analysts that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $22.75.
A number of research analysts recently weighed in on the stock. The Goldman Sachs Group lowered their target price on shares of Opera from $24.50 to $21.50 and set a “buy” rating on the stock in a research note on Tuesday, January 13th. Zacks Research upgraded shares of Opera from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 10th. Weiss Ratings restated a “hold (c)” rating on shares of Opera in a research note on Friday, March 27th. Wall Street Zen upgraded shares of Opera from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, TD Cowen restated a “buy” rating on shares of Opera in a research note on Friday, March 13th.
Get Our Latest Analysis on OPRA
Opera Price Performance Shares of OPRA stock opened at $15.22 on Tuesday. Opera has a 1 year low of $11.71 and a 1 year high of $21.06. The firm has a fifty day moving average price of $14.01 and a 200-day moving average price of $14.44. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 12.79 and a beta of 1.22.
Opera (NASDAQ:OPRA – Get Free Report) last issued its quarterly earnings data on Saturday, February 14th. The company reported $0.30 earnings per share (EPS) for the quarter. Opera had a net margin of 17.61% and a return on equity of 8.00%. The firm had revenue of $176.65 million during the quarter. Equities research analysts expect that Opera will post 0.81 EPS for the current year.
Institutional Inflows and Outflows A number of large investors have recently modified their holdings of the company. Harvey Capital Management Inc. lifted its stake in shares of Opera by 0.9% during the 4th quarter. Harvey Capital Management Inc. now owns 100,950 shares of the company’s stock valued at $1,429,000 after buying an additional 925 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Opera by 305.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 91,016 shares of the company’s stock valued at $1,289,000 after buying an additional 68,549 shares in the last quarter. Handelsbanken Fonder AB purchased a new position in shares of Opera during the 4th quarter valued at $355,000. Quent Capital LLC purchased a new position in shares of Opera during the 4th quarter valued at $212,000. Finally, IFP Advisors Inc lifted its stake in shares of Opera by 127.0% during the 3rd quarter. IFP Advisors Inc now owns 11,350 shares of the company’s stock valued at $234,000 after buying an additional 6,350 shares in the last quarter. Hedge funds and other institutional investors own 10.21% of the company’s stock.
Opera Company Profile (Get Free Report)
Opera Limited (NASDAQ: OPRA) is a global software and internet services company best known for its cross-platform web browsers, including the flagship Opera Browser, Opera Mini for mobile devices and Opera GX designed for the gaming community. The company integrates features such as ad blocking, built-in VPN services and a cryptocurrency wallet into its desktop and mobile applications, aiming to deliver fast, secure and feature-rich browsing experiences to hundreds of millions of users worldwide.
Beyond its consumer-facing browsers, Opera operates Opera News, a personalized content and news aggregation platform with a strong presence in Africa and Asia, and Opera Ads, a digital advertising network that leverages user-behavior data to provide targeted ad placements across devices.
Featured Articles Five stocks we like better than Opera
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, /PRNewswire/ -- Opera [NASDAQ: OPRA] is once again redefining the relationship between browsers and artificial intelligence with the launch of Browser Connector. This new, free, feature in Opera One and Opera GX allows users to invite their favorite AI tools - like ChatGPT and Claude - directly into their live browsing sessions via MCP, providing the AI with full, real-time context of open tabs and active content.
Opera introduces Browser Connector to connect ChatGPT and Claude to Opera and let it see the user's tabs. Until now, using external AI services required a constant, clunky "person-in-the-middle" routine of recreating context for your AI. Browser Connector eliminates this friction. Whether you are researching the best LED facemask to buy for your friend or performing research with dozens of open tabs, your AI of choice no longer needs you to provide it with the context: it can now access and read page content, understand open tabs, and even take screenshots to analyze images or graphs - you can now allow Claude or ChatGPT to access your browser session.
A commitment to user choice
Beyond the technical upgrade, Browser Connector reinforces Opera's long-standing advocacy for user choice over ecosystem lock-in.
"With Browser Connector, Opera ensures users aren't bound to a single company's ecosystem, but are instead free to combine the best tools for their specific needs," said Mohamed Salah, Senior Director of Product at Opera.
Opera remains dedicated to an open AI strategy, having integrated ChatGPT in early 2023, followed by its own multi-LLM AI. The Browser Connector feature simplifies the advanced MCP technology first introduced in Opera Neon, making it accessible for everyone in Opera One and Opera GX.
Availability
Browser Connector is available for free today in Opera One and Opera GX in Early Bird mode - the browsers' testing environment. To get started, users can head to Settings, search for "AI Services," and install the Browser Connector feature. They then have to connect ChatGPT or Claude to the feature.
About Opera
Opera is a user-centric and innovative software company focused on enabling the best possible internet browsing experience across devices. Hundreds of millions of people use Opera browsers for their unique features on mobile phones and desktop computers. Founded in 1995 and headquartered in Oslo, Norway, Opera is publicly listed on the Nasdaq stock exchange under the ticker symbol OPRA. Download Opera browsers and other Opera products at opera.com. Learn more at investor.opera.com.
Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- Opera Limited (NASDAQ: OPRA), a leading global browser and AI agent company, today announced that the company's first quarter 2026 financial results will be released before the market opens on Tuesday, April 28, 2026. The earnings release will be available on our investor relations website at investor.opera.com.
Management will host a conference call to discuss the first quarter 2026 financial results on the same day at 8:00 a.m. ET. Listeners may access the call by dialing the following numbers:
United States: +1 800-267-6316
Norway: +47 80-01-3780
International: +1 203-518-9783
Confirmation Code: OPRAQ126
A live webcast of the conference call can be accessed at investor.opera.com
About Opera
Opera is a user-centric and innovative software company focused on enabling the best possible internet browsing experience across devices. Hundreds of millions worldwide use Opera's mobile and desktop browsers for their speed, security, and unique features, enhanced with integrated AI that enables users to navigate and interact with the web in new transformative ways. Founded in 1995 and headquartered in Oslo, Norway, Opera is listed on the Nasdaq stock exchange under the ticker symbol "OPRA". Download Opera products from opera.com and learn more about Opera at investor.opera.com.
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the information technology sector.
AudioCodes Ltd (NASDAQ:AUDC)Opera Ltd (NASDAQ:OPRA)Skyworks Solutions Inc (NASDAQ:SWKS)Photo via Shutterstock
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Opera (NASDAQ:OPRA – Get Free Report) is anticipated to post its Q1 2026 results before the market opens on Tuesday, April 28th. Analysts expect Opera to post earnings of $0.32 per share and revenue of $171.0410 million for the quarter. Individuals may review the information on the company’s upcoming Q1 2026 earning report for the latest details on the call scheduled for Tuesday, April 28, 2026 at 8:00 AM ET.
Opera (NASDAQ:OPRA – Get Free Report) last posted its quarterly earnings results on Saturday, February 14th. The company reported $0.30 EPS for the quarter. Opera had a net margin of 17.61% and a return on equity of 8.00%. The company had revenue of $176.65 million during the quarter. On average, analysts expect Opera to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Opera Stock Up 2.2% NASDAQ:OPRA opened at $17.50 on Tuesday. The company has a fifty day moving average of $14.42 and a 200 day moving average of $14.34. Opera has a 52 week low of $11.71 and a 52 week high of $21.06. The firm has a market capitalization of $1.57 billion, a P/E ratio of 14.71 and a beta of 1.22.
Analyst Ratings Changes A number of equities research analysts recently commented on the stock. The Goldman Sachs Group lowered their price target on shares of Opera from $24.50 to $21.50 and set a “buy” rating for the company in a report on Tuesday, January 13th. Wall Street Zen lowered shares of Opera from a “buy” rating to a “hold” rating in a report on Sunday. Weiss Ratings restated a “hold (c)” rating on shares of Opera in a report on Friday, March 27th. TD Cowen restated a “buy” rating on shares of Opera in a report on Friday, March 13th. Finally, Zacks Research upgraded shares of Opera from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 10th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $22.75.
Get Our Latest Stock Report on Opera
Institutional Inflows and Outflows Several institutional investors have recently added to or reduced their stakes in the stock. Harvey Capital Management Inc. raised its holdings in Opera by 0.9% in the 4th quarter. Harvey Capital Management Inc. now owns 100,950 shares of the company’s stock worth $1,429,000 after purchasing an additional 925 shares in the last quarter. State of Tennessee Department of Treasury bought a new position in Opera in the 2nd quarter worth $83,000. Caxton Associates LLP bought a new position in Opera in the 1st quarter worth $270,000. Goldman Sachs Group Inc. raised its holdings in Opera by 24.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 153,906 shares of the company’s stock worth $2,453,000 after purchasing an additional 30,662 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its position in shares of Opera by 305.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 91,016 shares of the company’s stock worth $1,289,000 after buying an additional 68,549 shares during the period. 10.21% of the stock is currently owned by institutional investors.
About Opera (Get Free Report)
Opera Limited (NASDAQ: OPRA) is a global software and internet services company best known for its cross-platform web browsers, including the flagship Opera Browser, Opera Mini for mobile devices and Opera GX designed for the gaming community. The company integrates features such as ad blocking, built-in VPN services and a cryptocurrency wallet into its desktop and mobile applications, aiming to deliver fast, secure and feature-rich browsing experiences to hundreds of millions of users worldwide.
Beyond its consumer-facing browsers, Opera operates Opera News, a personalized content and news aggregation platform with a strong presence in Africa and Asia, and Opera Ads, a digital advertising network that leverages user-behavior data to provide targeted ad placements across devices.
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The Zacks Internet - Content has been suffering from challenging macroeconomic conditions globally, which is having a detrimental effect on advertising spending, the primary revenue source for industry participants. However, industry participants like Opera Limited (OPRA - Free Report) and Similarweb (SMWB - Free Report) are expanding their presence across social media, display and connected TV and search, driving top-line growth. These companies are benefiting from solid demand for digital offerings, as well as the increasing importance of video content and cloud-based applications. The rapid deployment of AI, Generative AI and large language models is aiding industry players in enhancing the recommendation and search functions of their platforms, thereby improving user experience.
Industry Description The Zacks Internet - Content industry comprises providers of video encoding platforms, personal services, Internet content and information, staffing and outsourcing services, publishing, capital markets, media-based, home service, digital insights and measurement, stock photo, video and music licensing, and online travel companies. The industry is witnessing a rapid change in consumer behavior and ongoing digitalization. Advertising is a major revenue source for industry participants. Therefore, these companies are trying to expand their digital presence to win customers. They are also expanding their presence across social media, display, connected TV and search. Apart from the United States, a number of companies in this industry are located in Israel, the U.K., Germany, Russia and China.
3 Trends Shaping the Future of the Internet - Content Industry Demand for Digital Offerings Growing: The industry is characterized by rapid technological change, frequent product and service introductions, and evolving standards. An expanding range of mobile, digital and cloud-based offerings by industry participants is a major growth driver. The proliferation of smart devices and the increasing automation of the application development process bode well.
Industry Prospects Driven by Ad Spending Rate: Industry participants are focusing on marketing efforts to boost traffic to websites. Advertising and subscriptions are major revenue sources for these companies. The industry is dependent on consumer spending trends, making holiday spending a major deciding factor. However, macroeconomic challenges are expected to hurt ad spending in the near term.
Increasing Regulations Mar Prospects: Industry participants involved in online search and other social networking activities are increasingly facing regulatory pressure, particularly in China and the European Union (“EU”). The China government has a number of regulations related to direct advertising, which is a prime revenue source for these companies. The implementation of the General Data Protection Regulation in the EU adds to the concerns. Enactment of the Digital Markets Act (DMA) in the EU aims to prevent large online platforms that connect users with content, goods, information and services from abusing their market power. The DMA adds to the headwinds faced by Internet content providers in the EU.
Zacks Industry Rank Indicates Dim Prospects The Zacks Internet - Content industry is housed within the broader Zacks Computer and Technology sector. It carries a Zacks Industry Rank #145, which places it in the bottom 41% of more than 250 Zacks industries.
The group’s Zacks Industry Rank, which is the average of the Zacks Rank of all the member stocks, indicates dim near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than two to one.
The industry’s position in the bottom 50% of the Zacks-ranked industries is a result of a negative earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are pessimistic about this group’s earnings growth potential. Since Jan. 31, 2026, the Zacks Consensus Estimate for the industry’s 2026 earnings has moved down 2%.
Given the bearish industry outlook, there are only a few stocks worth buying. But before we present the stocks that you may want to consider for your portfolio, let us take a look at the industry’s recent stock market performance and valuation.
Industry Lags S&P and Sector The Zacks Internet - Content industry has underperformed the broader Zacks Computer and Technology sector, as well as the S&P 500 composite, over the past year.
The industry has dropped 11.6% over this period compared with the S&P 500 sector’s appreciation of 4.8% and the 8.6% rise of the broader sector.
One-Year Price Performance
Industry's Current Valuation On the basis of the trailing 12-month price-to-sales ratio (P/S), which is a commonly used multiple for valuing Internet – Content stocks, we see that the industry is currently trading at 4.07X compared with the S&P 500’s 6.05X and the sector’s 8.67X.
Over the last five years, the industry has traded as high as 6.37X and as low as 3.25X, the median being 5.34X, as the charts below show.
Trailing 12-Month Price-to-Sales (P/S) Ratio
2 Internet Stocks to Buy Opera: This Zacks Rank #1 (Strong Buy) stock is riding on high-margin growth from browser-based monetization, combining advertising, search/query revenue, and emerging AI-driven user intent monetization. You can see the complete list of today’s Zacks #1 Rank stocks here.
Strong execution in e-commerce ads and query expansion is driving more than 20% revenue growth and rising average revenue per user, while AI integration enhances user engagement without heavy infrastructure costs. New products (Opera AI, Neon) and adjacencies like MiniPay expand optionality.
The Zacks Consensus Estimate for Opera’s 2026 earnings has been steady at $1.42 per share over the past 30 days. OPRA shares have surged 19.4% year to date (YTD).
Price & Consensus: OPRA
Similarweb: This Zacks Rank #2 (Buy) stock is becoming a critical data layer in the AI ecosystem, leveraging its proprietary digital data moat to serve enterprises, large language models (LLMs), and AI agents. AI revenue is accelerating with large LLM data deals and partnerships (e.g., Manus) expanding TAM and monetization avenues. Transitioning from build to scale, Similarweb’s growth will be driven by enterprise expansion, AI-first products, and data licensing, though near-term volatility stems from lumpy large deals and slower core growth.
The Zacks Consensus Estimate for SMWB’s 2026 earnings has been steady at 20 cents per share over the past 30 days. Similarweb shares have dropped 65.3% on a YTD basis.
Revenue increased 23% year-over-year to $175.8 million, exceeding the guidance range
Adjusted EBITDA was $42.0 million, representing a 24% margin and 30% year-over-year growth, also exceeding the guidance range
Second quarter 2026 revenue guidance of 23 - 25% growth with adjusted EBITDA margin of 23% at the midpoint
Raised full-year guidance to $727 - 740 million revenue (18 - 20% growth) with adjusted EBITDA of $170 - 174 million (23% margin)
, /PRNewswire/ -- Opera Limited (NASDAQ: OPRA), a leading global browser and AI agent company, today announced financial results for the quarter ended March 31, 2026.
"We are off to a very strong start in 2026, with first quarter revenue and adjusted EBITDA ahead of the high-end of our guidance and continued strong cash generation. Our performance reflects solid execution across both advertising and query revenues which saw similar rates of growth during the quarter," said Lin Song, CEO.
"Beyond our solid financial execution, we achieved major product and strategic milestones this quarter. We continue to redefine the browser's role in the AI era; and with the launch of Browser Connector we have turned the browser into a live execution layer, allowing the user's AI platform of choice to access and read page content, understand open tabs, and even take screenshots to analyze images or graphs. Beyond the technical upgrade, this also reinforces Opera's long-standing advocacy for user choice over lock-in. MiniPay also continued its rapid growth trajectory, promoting a healthy partner ecosystem and an expanding set of services tailored for emerging markets," continued Mr. Song.
First Quarter 2026 Financial Highlights
Three Months Ended March 31,
In thousands, except percentages and per share amounts
2025
2026
% Change
Revenue
$
142,717
$
175,771
23
%
Operating profit
$
21,075
$
29,762
41
%
Operating margin
15
%
17
%
Net income
$
18,283
$
24,786
36
%
Net income margin
13
%
14
%
Adjusted net income (1)
$
24,154
$
31,176
29
%
Adjusted net income margin
17
%
18
%
Adjusted EBITDA (1)
$
32,259
$
41,998
30
%
Adjusted EBITDA margin
23
%
24
%
Diluted earnings per share
$
0.20
$
0.27
34
%
Adjusted diluted earnings per share (1)
$
0.27
$
0.34
28
%
Net cash flow from operating activities
$
15,945
$
42,145
164
%
As percentage of adjusted EBITDA
49
%
100
%
Free cash flow from operations (1)
$
12,026
$
35,506
195
%
As percentage of adjusted EBITDA
37
%
85
%
(1)
See the sections below titled "Non-IFRS Financial Measures" and "Reconciliations of Non-IFRS Financial Measures" for explanations and reconciliations of non-IFRS financial measures.
First Quarter 2026 and Recent Business Highlights
Advertising revenue grew 24% year-over-year to $117.0 million, representing 67% of total revenue. Advertising revenue was driven by continued strong momentum from e-commerce partners, which remained the fastest-growing vertical. Query revenue grew 23% year-over-year to $58.3 million, accounting for 33% of total revenue and benefiting from both strong search performance and the evolution of our broader opportunities to address user queries. Opera had 288 million average monthly active users ("MAUs") across all products and services in the quarter, with annualized average revenue per user ("ARPU") of $2.43, an increase of 25% versus the first quarter of 2025. During the quarter Opera added 4 million MAUs, with strong growth in PC browsers following the release of Opera One R3 with new built-in AI tools. Opera GX had 35 million average MAUs in the quarter across PC and mobile, up 1 million from the prior quarter. MiniPay reached 15 million cumulative activated wallets as of March 2026, representing a 123% year-over-year increase. Net cash flow from operating activities was $42.1 million, representing 100% of adjusted EBITDA. At quarter-end, cash and cash equivalents totaled $141.9 million. A dividend of $0.40 per share under our semi-annual dividend program was paid in January, totaling $35.9 million. In March, we repurchased 1.14 million shares for a total spend of $17.0 million or an average of $14.88 per share, following the launch of our previously announced $300 million share repurchase program. This includes shares repurchased from the public and the according pro-rata shares repurchased, or agreed to be repurchased, from our majority shareholder, with a total cash outlay of $12.8 million in the quarter and the remainder $4.1 million to be included in our next settlement round with the majority shareholder. As of March 31, 2026, the number of shares outstanding was 89,552,967. First Quarter 2026 Financial Results
All comparisons in this section are relative to the first quarter of 2025 unless otherwise stated.
Revenue increased 23% to $175.8 million.
Advertising revenue increased 24% to $117.0 million. Query revenue increased 23% to $58.3 million. Other revenue was $0.5 million. Operating expenses increased 20% to $146.1 million.
The total amount of technology and platform fees, content cost and cost of inventory sold, all being costs of revenue, was $64.8 million, or 37% of revenue. Personnel expenses excluding share-based compensation increased 23% to $21.5 million. Share-based compensation expenses increased 7% to $6.4 million. Marketing and distribution expenses increased 13% to $38.5 million. Depreciation and amortization increased 17% to $5.2 million. All other operating expenses increased 10% to $9.6 million, driven mainly by higher hosting and other operating costs, partly offset by lower professional services expenses. Operating profit was $29.8 million, representing a 17% margin, compared to an operating profit of $21.1 million and a margin of 15% in the first quarter of 2025.
Net finance income was $0.1 million, reflecting net interest income of $0.7 million, largely offset by foreign exchange loss of $0.6 million.
Income tax expense was $5.1 million, corresponding to an effective tax rate of 17%, and representing 12% of adjusted EBITDA. This compares to income tax expense of $2.5 million in the first quarter of 2025, representing 8% of adjusted EBITDA.
Net income was $24.8 million, representing a 14% margin, compared to net income of $18.3 million and a margin of 13% in the first quarter of 2025.
Adjusted net income was $31.2 million, representing a 18% margin and an increase of 29% relative to $24.2 million and a 17% margin in the first quarter of 2025.
Adjusted EBITDA was $42.0 million, representing a 24% margin and an increase of 30% relative to $32.3 million and a 23% margin in the first quarter of 2025.
Diluted earnings per share was $0.27, whereas adjusted diluted earnings per share was $0.34.
Net cash flow from operating activities was $42.1 million, or 100% of adjusted EBITDA. Free cash flow from operations was $35.5 million, or 85% of adjusted EBITDA.
Business Outlook
Second Quarter 2026 Guidance
Full-Year 2026 Guidance
Revenue
$176 – 178 million
$727 – 740 million
Year-over-year revenue growth
23 – 25
%
18 – 20
%
Adjusted EBITDA (1)
$40 – 42 million
$170 – 174 million
Adjusted EBITDA margin (2)
23
%
23
%
(1)
See the section below titled "Non-IFRS Financial Measures" for explanations of non-IFRS financial measures.
(2)
The percentages shown for adjusted EBITDA margin have been calculated based on the midpoints of the revenue and adjusted EBITDA guidance.
"Our first quarter performance reflects the strong momentum in our business, with the resulting overperformance driving an incremental $4 million of revenue on top of the guidance range, with over 50% conversion to incremental adjusted EBITDA. The second quarter is shaping up in a similar way, allowing us to also raise our full-year expectations while still leaving room for later upside," said Frode Jacobsen, CFO.
"We remain focused on seizing our opportunities and advancing Opera's scale, however we take care to combine that with continued cost discipline and healthy profit expansion. We are pleased with our ability to return capital to shareholders through our recurring dividend and share repurchase programs," continued Mr. Jacobsen.
Conference Call and Webcast Information
Opera's management will host a conference call to discuss the first quarter 2026 financial results at 8:00 a.m. ET today. The live webcast of the conference call can be accessed at our investor relations website at investor.opera.com, along with the earnings press release and financial tables. Following the call, a replay will be available at the same website.
We also provide announcements on our investor relations website at investor.opera.com regarding our financial performance and other matters, including SEC filings, press releases, slide presentations, business blog posts and information on corporate governance.
Non-IFRS Financial Measures
In addition to financial measures presented in accordance with IFRS Accounting Standards, we use the non-IFRS performance measures adjusted net income, adjusted EBITDA, adjusted diluted earnings per share, as well as the non-IFRS liquidity measure free cash flow from operations, to manage our business, evaluate performance, support planning and decision-making, and allocate resources. The non-IFRS performance measures are intended to provide supplemental information by excluding items that we believe are not representative of core business operating performance. While free cash flow from operations does not represent residual cash available for discretionary uses, we believe that it provides useful supplemental information regarding our ability to generate cash from ongoing operations to fund investments, including acquisitions, and to support capital allocation decisions.
Adjusted net income is defined as net income adjusted to exclude (i) profit (loss) from discontinued operations, (ii) gain (loss) on investments in unconsolidated entities, (iii) non-recurring expenses, (iv) impairment of non-financial assets, (v) amortization of acquired intangible assets, (vi) share-based compensation expenses, and (vii) the income tax effect of these adjustments. Adjusted net income margin is calculated as adjusted net income divided by revenue. Adjusted diluted earnings per share is calculated as adjusted net income divided by the diluted weighted average number of shares outstanding.
Adjusted EBITDA is defined as net income adjusted to exclude (i) profit (loss) from discontinued operations, (ii) income tax expense, (iii) net finance income (expense), (iv) gain (loss) on long-term investments in unconsolidated entities, (v) non-recurring expenses, (vi) impairment of non-financial assets, (vii) depreciation and amortization, (viii) share-based compensation expenses, and (ix) other operating income. Adjusted EBITDA margin is calculated as adjusted EBITDA divided by revenue.
Free cash flow from operations is defined as net cash flows from (used in) operating activities less (i) purchases of fixed and intangible assets, (ii) development expenditure and (iii) payment of lease liabilities.
We believe these non-IFRS financial measures are useful to investors because they facilitate period-to-period comparisons of operating performance and are consistent with how management evaluates the business. These measures should not be considered in isolation or as substitutes for, or superior to, the financial information prepared in accordance with IFRS Accounting Standards. Our definitions of adjusted net income, adjusted EBITDA, adjusted diluted earnings per share and free cash flow from operations may differ from similarly-titled measures used by other companies. In addition, these measures may be limited in their usefulness because they do not present the full economic effects of certain items of income, expenses and cash flows. We address the limitations of these non-IFRS financial measures by providing reconciliations from the most closely comparable IFRS financial measures in the section titled "Reconciliations of Non-IFRS Financial Measures" included at the end of this earnings press release. Investors are encouraged to review these reconciliations and to consider non-IFRS financial measures together with our IFRS results.
Forward-Looking Statements
This press release contains statements of a forward-looking nature. These statements include, but are not limited to, statements relating to our expectations regarding our business, strategy, products, services, outlook and guidance. Forward-looking statements are based on management's current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the forward-looking statements.
Important factors that could cause actual results to differ materially include, among others: (i) our ability to attract, retain, and engage users and to increase ARPU; (ii) changes in macroeconomic conditions, including inflationary pressures, interest rates, consumer and advertiser spending trends, and the effects of higher energy prices and market volatility; (iii) our ability to maintain and improve monetization from query and revenue-sharing arrangements, including dependence on major partners and changes in their commercial terms, policies, algorithms, or distribution mechanics; (iv) changes by platform providers (including mobile operating systems, browsers, app stores, and device manufacturers) that could affect distribution, product functionality, data access, attribution, or monetization; (v) competition in browsers, AI-enabled user experiences, digital advertising, and consumer internet products; (vi) the successful development, deployment, adoption, and monetization of new products and features, including AI initiatives, and the costs and risks associated with them; (vii) privacy, data protection, consumer protection, competition/antitrust, online safety, and other laws and regulations (including changes in interpretation, enforcement, or compliance obligations) and related litigation or regulatory inquiries; (viii) security incidents, service disruptions, outages, and failures of our or third parties' systems; (ix) our ability to manage operational, technical, and infrastructure costs, including hosting and distribution costs, and to scale effectively; (x) foreign currency exchange rate fluctuations and other market volatility; (xi) geopolitical events, including armed conflicts, sanctions, trade or shipping disruptions, or other instability in the Middle East and other regions, and their effects on energy prices, inflation, financial markets, supply chains, and broader economic conditions; (xii) our ability to attract and retain key personnel; and (xiii) other risks and uncertainties described under "Risk Factors" in our most recent Annual Report on Form 20-F and in our other filings and submissions with the U.S. Securities and Exchange Commission.
All information provided in this press release is as of the date hereof and is based on assumptions that the Company believes to be reasonable as of this date, and it undertakes no obligation to update any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.
About Opera
Opera is a user-centric and innovative software company focused on enabling the best possible internet browsing experience across devices. Hundreds of millions worldwide use Opera's mobile and desktop browsers for their speed, security, and unique features, enhanced with integrated AI that enables users to navigate and interact with the web in new transformative ways. Founded in 1995 and headquartered in Oslo, Norway, Opera is listed on the Nasdaq stock exchange under the ticker symbol "OPRA". Download Opera products from opera.com and learn more about Opera at investor.opera.com.
Opera Limited
Consolidated Statement of Operations
(In thousands, except per share amounts, unaudited)
Share of net income (loss) of equity-accounted investees
(7)
(20)
Net finance income (expense):
Finance income
678
824
Finance expense
(120)
(116)
Net foreign exchange gain (loss)
(835)
(565)
Net finance income (expense)
(277)
143
Income before income taxes
20,791
29,886
Income tax expense
(2,508)
(5,100)
Net income attributable to Opera shareholders
$
18,283
$
24,786
Earnings per share:
Basic
$
0.20
$
0.27
Diluted
$
0.20
$
0.27
Weighted-average number of shares outstanding:
Basic
89,486
90,475
Diluted
90,188
91,143
Opera Limited
Consolidated Statement of Comprehensive Income
(In thousands, unaudited)
Three Months Ended March 31,
2025
2026
Net income
$
18,283
$
24,786
Other comprehensive income (loss):
Items that may be reclassified to the Statement of Operations:
Exchange differences on translation of foreign operations
1,153
141
Other comprehensive income (loss)
1,153
141
Total comprehensive income attributable to Opera shareholders
$
19,436
$
24,927
Opera Limited
Consolidated Statement of Financial Position
(In thousands, unaudited)
As of December 31,
As of March 31,
2025
2026
Assets:
Property and equipment
$
32,744
$
33,480
Goodwill
430,323
430,188
Intangible assets
98,898
111,062
Investment in OPay
294,600
294,600
Equity-accounted investments
4,016
5,246
Other non-current investments and financial assets
1,625
1,662
Deferred tax assets
1,585
1,608
Total non-current assets
863,792
877,845
Trade receivables
112,593
107,946
Other current receivables
7,033
6,493
Cash and cash equivalents
155,466
141,904
Other current assets
4,367
6,760
Total current assets
279,459
263,102
Total assets
$
1,143,251
$
1,140,948
Equity:
Share capital
$
18
$
18
Additional paid-in capital
576,046
540,168
Treasury shares
(238,815)
(255,789)
Retained earnings
674,735
705,706
Foreign currency translation reserve
(1,268)
(1,127)
Total equity attributable to Opera shareholders
1,010,716
988,975
Liabilities:
Non-current lease liabilities
4,544
4,004
Deferred tax liabilities
9,212
7,750
Other non-current liabilities
10
7
Total non-current liabilities
13,766
11,761
Trade and other payables
89,520
89,788
Current lease liabilities
3,866
4,861
Income tax payable
6,610
10,214
Deferred revenue
4,499
14,230
Other current liabilities
14,273
21,119
Total current liabilities
118,768
140,212
Total liabilities
132,535
151,973
Total equity and liabilities
$
1,143,251
$
1,140,948
Opera Limited
Consolidated Statement of Changes in Equity
(In thousands, except number of shares, unaudited)
For the three months ended March 31, 2025:
Number
of shares
outstanding
Share
capital
Additional
paid-in
capital
Treasury
shares
Retained
earnings
Foreign
currency
translation
reserve
Total equity
attributable
to Opera
shareholders
As of January 1, 2025
88,480,154
$
18
$
647,212
$
(238,815)
$
536,623
$
(4,938)
$
940,100
Net income
—
—
—
—
18,283
—
18,283
Other comprehensive income
—
—
—
—
—
1,153
1,153
Cost of equity awards, net of tax
—
—
—
—
5,434
—
5,434
Issuance of shares upon exercise of equity awards
1,020,700
—
—
—
—
—
—
Dividends
—
—
(35,395)
—
—
—
(35,395)
As of March 31, 2025
89,500,854
$
18
$
611,818
$
(238,815)
$
560,340
$
(3,786)
$
929,576
For the three months ended March 31, 2026:
Number
of shares
outstanding
Share
capital
Additional
paid-in
capital
Treasury
shares
Retained
earnings
Foreign
currency
translation
reserve
Total equity
attributable
to Opera
shareholders
As of January 1, 2026
89,648,056
$
18
$
576,046
$
(238,815)
$
674,735
$
(1,268)
$
1,010,716
Net income
—
—
—
—
24,786
—
24,786
Other comprehensive income
—
—
—
—
—
141
141
Cost of equity awards, net of tax
—
—
—
—
6,185
—
6,185
Issuance of shares upon exercise of equity awards
1,045,522
—
—
—
—
—
—
Share repurchases (1)
(1,140,611)
—
—
(16,975)
(16,975)
Dividends
—
—
(35,878)
—
—
—
(35,878)
As of March 31, 2026
89,552,967
$
18
$
540,168
$
(255,789)
$
705,706
$
(1,127)
$
988,975
(1)
Includes ADSs repurchased from the public market and ordinary shares repurchased or agreed to be repurchased from our majority shareholder on a pro rata basis under a share purchase agreement. Within the totals, 288,431 shares subject to a binding repurchase agreement with the majority shareholder have been reflected, corresponding to a redemption obligation of $4.1 million recognized in equity as of period-end, with delivery of the shares and cash settlement taking place in the subsequent quarter.
Opera Limited
Consolidated Statement of Cash Flows
(In thousands, unaudited)
Three Months Ended March 31,
2025
2026
Cash flows from operating activities:
Income before income taxes
$
20,791
$
29,886
Adjustments to reconcile income before income taxes to net cash flow from operating activities:
Net finance (income) expense
277
(143)
Share of net income (loss) of equity-accounted investees
7
20
Impairment of non-financial assets
733
670
Depreciation and amortization
4,434
5,205
Cost of equity awards
5,761
6,034
Other adjustments
(572)
(1,204)
Changes in working capital:
Trade and other receivables
(11,034)
5,523
Other current assets
437
(2,285)
Trade and other payables
(6,693)
343
Deferred revenue
(1,050)
(1,902)
Other liabilities
3,140
2,713
Income taxes paid
(286)
(2,714)
Net cash flow from operating activities
15,945
42,145
Cash flows from investing activities:
Purchase of equipment
(596)
(2,465)
Development expenditure
(2,231)
(2,882)
Investment in an associate
(1,250)
(1,250)
Interest received
678
824
Net cash flow used in investing activities
(3,399)
(5,772)
Cash flows from financing activities:
Share repurchases
—
(12,846)
Dividends paid
(35,395)
(35,878)
Payment of lease liabilities
(1,091)
(1,293)
Interest paid
(120)
(116)
Net cash flow used in financing activities
(36,606)
(50,133)
Net change in cash and cash equivalents
(24,060)
(13,759)
Cash and cash equivalents at beginning of period
126,797
155,466
Effect of exchange rate changes on cash and cash equivalents
809
197
Cash and cash equivalents at end of period
$
103,546
$
141,904
Opera Limited
Supplemental Financial Information
(In thousands, unaudited)
Revenue
The following table presents revenue disaggregated by type:
Three Months Ended March 31,
2025
2026
Advertising
$
94,626
$
116,992
Query
47,566
58,298
Other revenue
524
482
Total revenue
$
142,717
$
175,771
Share-based Compensation Expenses
The table below presents the amounts of share-based compensation expenses:
Three Months Ended March 31,
2025
2026
Cost of Opera-granted awards
$
(7,299)
$
(4,427)
Cost of parent-granted awards (1)
1,538
(1,606)
Total cost of equity awards
(5,761)
(6,034)
Social security contributions for Opera-granted awards
(240)
(373)
Total share-based compensation expenses
$
(6,000)
$
(6,407)
(1)
Kunlun, the majority shareholder of Opera, has granted equity awards to Opera employees as compensation for services provided to Opera. Opera does not have any obligation to settle the awards granted by Kunlun and such awards do not lead to dilution for Opera shareholders.
Other Operating Expenses
The table below presents the items of other operating expenses:
Three Months Ended March 31,
2025
2026
Hosting
$
(2,930)
$
(4,360)
Audit, legal and other advisory services
(2,202)
(405)
Software license fees
(838)
(927)
Rent and other office expenses
(631)
(626)
Travel
(498)
(485)
Other
(733)
(1,712)
Total other operating expenses
$
(7,833)
$
(8,515)
Opera Limited
Reconciliations of Non-IFRS Financial Measures
(In thousands, except per share amounts, unaudited)
The following table presents a reconciliation of net income to adjusted net income:
Three Months Ended March 31,
2025
2026
Net income
$
18,283
$
24,786
Add (deduct):
Share of net loss of equity-accounted investees
7
20
Impairment of non-financial assets
733
670
Amortization of acquired intangible assets
645
645
Share-based compensation expenses
6,000
6,407
Income tax effect on adjustments
(1,514)
(1,351)
Adjusted net income
$
24,154
$
31,176
Diluted weighted-average number of shares outstanding
90,188
91,143
Adjusted diluted earnings per share
$
0.27
$
0.34
The following table is a reconciliation of net income to adjusted EBITDA:
Three Months Ended March 31,
2025
2026
Net income
$
18,283
$
24,786
Add (deduct):
Income tax expense
2,508
5,100
Net finance (income) expense
277
(143)
Share of net loss of equity-accounted investees
7
20
Impairment of non-financial assets
733
670
Depreciation and amortization
4,434
5,205
Share-based compensation expenses
6,000
6,407
Other operating income
17
(45)
Adjusted EBITDA
$
32,259
$
41,998
The table below reconciles net cash flow from operating activities to free cash flow from operations:
On April 28, 2026, Opera Ltd (OPRA) shares rose 5.3% to $17.81, continuing a positive trend that has seen the stock increase by 32.0% over the past month. The s
Finding undervalued companies and holding them for the long run is one of the best ways to make money in the stock market, especially if those companies have been clocking outstanding growth.
We are going to take a closer look at two such value stocks in this article -- Micron Technology (MU +2.39%) and Opera (OPRA +0.34%). Both companies have been experiencing solid growth, and the good news is that they can be bought at really attractive valuations right now.
Let's take a closer look at their prospects and check why buying these two stocks right now could turn out to be a smart move.
Image source: Micron Technology.
1. Micron Technology: Accelerating memory prices should ensure that its red-hot growth continues Micron Technology is already on a terrific bull run in 2026. Micron stock has already jumped 90% this year, as of this writing. Even then, it is trading at just 26 times trailing earnings, a discount to the tech-focused Nasdaq-100 index's earnings multiple of 34.
Today's Change
(
2.39
%) $
21.28
Current Price
$
913.16
The stock's forward earnings multiple of 5.5 makes it clear it is a massive bargain right now, as booming memory demand and a favorable pricing environment will drive stunning earnings growth for the company. The good news for Micron investors is that the increase in memory pricing shows no signs of slowing.
Market research firm TrendForce estimates that dynamic random-access memory (DRAM) contract prices could increase by 58% to 63% sequentially in the second quarter. Meanwhile, the contract prices of storage-oriented NAND flash memory could jump by 70% to 75% in the current quarter.
DRAM accounted for 79% of Micron's revenue in the previous quarter, with the rest coming from NAND flash sales. The persistent increase in the prices of these memory chips, which are used in various kinds of artificial intelligence (AI) accelerator chips, will remain a tailwind for Micron for the rest of the year.
Financial services provider D.A. Davidson recently initiated coverage on Micron stock. The firm rates Micron as a buy and has a $1,000 price target, which is the highest among Wall Street analysts. Davidson analyst Gil Luria notes that AI is creating a strong, long-lasting demand cycle for memory chips, which should ensure the favorable pricing environment that has fueled Micron's growth continues.
The firm's price target suggests that Micron could jump 84% from current levels. However, don't be surprised to see Micron crush D.A. Davidson's price target as its earnings in fiscal 2027 (which begins in late August this year) are expected to hit $101.47 per share. If Micron trades at even 20 times earnings at the end of fiscal 2027, its stock price could be more than double the firm's price target.
So, it isn't too late for investors to buy this growth stock as its phenomenal rally is here to stay.
2. Opera: This web browser company is quietly making investors richer Opera's web browsers are used by approximately 6% of global internet users. The company has been able to monetize its sizable user base by offering premium slots to advertisers on the landing pages of its browsers, as well as by directing search queries to partner websites with whom it has revenue-sharing agreements.
Today's Change
(
0.34
%) $
0.06
Current Price
$
17.55
The company released its first-quarter 2026 results on April 28. It reported a 23% year-over-year increase in revenue to $176 million, which exceeded its guidance range. Importantly, Opera's focus on adding high-value users led to a strong year-over-year jump of 25% in its annualized average revenue per user (ARPU) to $2.43. This explains the 28% year-over-year jump in Opera's earnings to $0.34 per share during the quarter.
Importantly, Opera is looking to push the envelope on the product development front to strengthen monetization of its huge monthly active user (MAU) base of 288 million. The company's MiniPay Stablecoin wallet, launched in September 2023, has gained impressive traction among users. The company notes that MiniPay had 15 million cumulative activated wallets in March 2026, a jump of 123% year over year.
Opera supports transactions in more than 40 currencies across 66-plus countries, so it won't be surprising to see this payments platform gaining further traction. Moreover, Opera has raised its full-year guidance and now expects 19% revenue growth in 2026 at the midpoint, up from its earlier expectation of an 18.5% increase in revenue.
What's more, analysts are anticipating strong double-digit earnings growth from Opera going forward.
OPRA EPS Estimates for Current Fiscal Year data by YCharts
With the stock trading at just 15 times earnings, buying it is a no-brainer right now. This growth stock could surge higher following the 31% gains it has clocked so far in 2026, as the market could reward its solid growth with a higher valuation.
Opera Limited Sponsored ADR (OPRA - Free Report) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, OPRA's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross."
There's a reason traders love a golden cross -- it's a technical chart pattern that can indicate a bullish breakout is on the horizon. This kind of crossover is formed when a stock's short-term moving average breaks above a longer-term moving average. Typically, a golden cross involves the 50-day and the 200-day moving averages, since bigger time periods tend to form stronger breakouts.
Golden crosses have three key stages that investors look out for. It starts with a downtrend in a stock's price that eventually bottoms out, followed by the stock's shorter moving average crossing over its longer moving average and triggering a trend reversal. The final stage is when a stock continues the upward climb to higher prices.
This kind of chart pattern is the opposite of a death cross, which is a technical event that suggests future bearish price movement.
Shares of OPRA have been moving higher over the past four weeks, up 25.8%. Plus, the company is currently a #3 (Hold) on the Zacks Rank, suggesting that OPRA could be poised for a breakout.
The bullish case solidifies once investors consider OPRA's positive earnings outlook. For the current quarter, no earnings estimate has been cut compared to 0 revisions higher in the past 60 days. The Zacks Consensus Estimate has increased too.
Investors may want to watch OPRA for more gains in the near future given the company's key technical level and positive earnings estimate revisions.
Opera Ltd (OPRA) delivered a double beat and raised guidance, reinforcing my strong buy rating. Q1 revenue grew 23% y/y to $175.7m, with ARPU up 25% and profitability metrics expanding. OPRA's cash flow surged, supporting a robust $280m buyback program and ongoing innovation.
Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- Opera Limited (NASDAQ: OPRA), a leading global browser and AI agent company, today announced that its Board of Directors has declared its next semi-annual cash dividend of $0.40 per share to holders of the company's ordinary shares and American Depositary Shares ("ADSs"), each representing one ordinary share, payable on or about July 14, 2026, to shareholders of record as of the close of business on July 7, 2026. Based on 89,552,967 ordinary shares outstanding as of March 31, 2026, the aggregate dividend would be approximately $35.8 million. The actual aggregate amount payable will be determined based on the number of shares outstanding on the record date and will reflect shares repurchased by Opera under its ongoing share repurchase program prior to that date. Dividends to be paid to the holders of ADSs through the depositary bank, The Bank of New York Mellon, will be subject to the terms of the deposit agreement.
About Opera
Opera is a user-centric and innovative software company focused on enabling the best possible internet browsing experience across devices. Hundreds of millions worldwide use Opera's mobile and desktop browsers for their speed, security, and unique features, enhanced with integrated AI that enables users to navigate and interact with the web in new transformative ways. Founded in 1995 and headquartered in Oslo, Norway, Opera is listed on the Nasdaq stock exchange under the ticker symbol "OPRA". Download Opera products from opera.com and learn more about Opera at investor.opera.com.
Mach Natural Resources LP (NYSE:MNR – Get Free Report) insider Tom Ward acquired 153,256 shares of the stock in a transaction dated Monday, April 13th. The shares were bought at an average price of $13.05 per share, with a total value of $1,999,990.80. Following the completion of the purchase, the insider directly owned 13,295,039 shares of the company’s stock, valued at approximately $173,500,258.95. This trade represents a 1.17% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.
Mach Natural Resources Price Performance NYSE MNR opened at $12.79 on Tuesday. The company has a market cap of $2.15 billion, a price-to-earnings ratio of 11.42 and a beta of -0.35. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.05 and a quick ratio of 0.93. The stock’s fifty day moving average price is $13.28 and its 200 day moving average price is $12.34. Mach Natural Resources LP has a 1 year low of $10.46 and a 1 year high of $15.60.
Mach Natural Resources (NYSE:MNR – Get Free Report) last announced its quarterly earnings data on Thursday, March 12th. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.17. Mach Natural Resources had a return on equity of 16.91% and a net margin of 12.16%.The business had revenue of $387.54 million for the quarter, compared to analyst estimates of $357.31 million. As a group, equities research analysts forecast that Mach Natural Resources LP will post 1.95 earnings per share for the current year.
Mach Natural Resources Increases Dividend The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Thursday, February 26th were issued a $0.53 dividend. This is a boost from Mach Natural Resources’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Thursday, February 26th. This represents a $2.12 annualized dividend and a dividend yield of 16.6%. Mach Natural Resources’s payout ratio is presently 189.29%.
Analyst Ratings Changes Several brokerages recently weighed in on MNR. Truist Financial began coverage on Mach Natural Resources in a research report on Tuesday, March 24th. They set a “hold” rating and a $14.00 price target for the company. Wall Street Zen raised shares of Mach Natural Resources from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 4th. Weiss Ratings upgraded shares of Mach Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, March 16th. KeyCorp reissued a “sector weight” rating on shares of Mach Natural Resources in a report on Friday, January 16th. Finally, Zacks Research upgraded shares of Mach Natural Resources from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Mach Natural Resources currently has an average rating of “Moderate Buy” and a consensus target price of $18.50.
Check Out Our Latest Stock Analysis on Mach Natural Resources
Institutional Trading of Mach Natural Resources Several institutional investors have recently bought and sold shares of MNR. CWM LLC purchased a new stake in shares of Mach Natural Resources in the third quarter valued at approximately $27,000. Hilton Head Capital Partners LLC acquired a new stake in Mach Natural Resources in the 4th quarter valued at $31,000. Cooksen Wealth LLC grew its stake in Mach Natural Resources by 87.5% in the 2nd quarter. Cooksen Wealth LLC now owns 2,635 shares of the company’s stock valued at $38,000 after acquiring an additional 1,230 shares during the period. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in Mach Natural Resources in the 4th quarter worth $42,000. Finally, Kestra Advisory Services LLC purchased a new stake in Mach Natural Resources in the 4th quarter worth $44,000. 78.36% of the stock is owned by institutional investors and hedge funds.
About Mach Natural Resources (Get Free Report)
Mach Natural Resources LP, an independent upstream oil and gas company, focuses on the acquisition, development, and production of oil, natural gas, and natural gas liquids reserves in the Anadarko Basin region of Western Oklahoma, Southern Kansas, and the panhandle of Texas. It also owns a portfolio of midstream assets, as well as owns plants and water infrastructure. The company was incorporated in 2023 and is headquartered in Oklahoma City, Oklahoma.
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Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Mach Natural Resources LP (MNR - Free Report) , which belongs to the Zacks Oil and Gas - Exploration and Production - United States industry.
When looking at the last two reports, this company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 47.40%, on average, in the last two quarters.
For the most recent quarter, Mach Natural Resources LP was expected to post earnings of $0.26 per share, but it reported $0.43 per share instead, representing a surprise of 65.38%. For the previous quarter, the consensus estimate was $0.34 per share, while it actually produced $0.44 per share, a surprise of 29.41%.
Price and EPS Surprise
For Mach Natural Resources LP, estimates have been trending higher, thanks in part to this earnings surprise history. And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Mach Natural Resources LP currently has an Earnings ESP of +16.92%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #3 (Hold) indicates that another beat is possibly around the corner.
With the Earnings ESP metric, it's important to note that a negative value reduces its predictive power; however, a negative Earnings ESP does not indicate an earnings miss.
Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
On April 13, 2026, Tom L. Ward disclosed the purchase of 153,256 common units of Mach Natural Resources LP (MNR +0.45%) for a total consideration of approximately $2.0 million, as detailed in the SEC Form 4 filing.
Transaction summaryMetricValueShares traded153,256Transaction value~$2.0 millionTransaction value based on SEC Form 4 weighted average purchase price ($13.05); post-transaction value based on April 13, 2026 market close ($12.77).
Key questionsWhat is the structure and nature of this transaction?
This purchase involved two indirect entities—Tom L. Ward 1992 Revocable Living Trust and WCT Resources LLC—with Tom L. Ward exercising control over both, and disclaiming full beneficial ownership except for his direct economic interest.Does the insider hold any remaining exposure to Mach Natural Resources LP after this transaction?
Ward continues to maintain substantial exposure via 28,008,676 common units (across direct and indirect holdings in other classes).How does this activity compare to Ward’s historical trading and holding patterns?
Across reported events since October 2023, this is among the larger purchases in terms of share volume, but there is insufficient sell-side history to establish a cadence or trend for disposition activity.What is the relevant context for interpreting this transaction’s size or timing?
The transaction occurred at a price close to the recent market close (around $13.05 per unit versus $12.77 at close on April 13, 2026).Company overviewMetricValueRevenue (TTM)$1.18 billionNet income (TTM)$285.97 millionDividend yield15%Price (as of market close April 13, 2026)$12.77* 1-year performance is calculated using April 13, 2026 as the reference date.
Company snapshotMach Natural Resources LP generates revenue primarily from the acquisition, development, and production of oil, natural gas, and natural gas liquids in the Anadarko Basin region.The company operates an upstream business model, monetizing hydrocarbon reserves through exploration, extraction, and sale to downstream processors and energy markets.Primary customers include refiners, utilities, and industrial buyers seeking reliable supplies of oil and natural gas products.Mach Natural Resources LP is an independent oil and gas producer focused on the Anadarko Basin, leveraging operational scale and regional expertise to maximize hydrocarbon recovery. The company pursues disciplined acquisitions and efficient field development to drive cash flow and sustain a robust dividend. Its competitive position is underpinned by a concentrated asset base and a focus on operational efficiency.
What this transaction means for investorsBased on filing footnotes, this move was an insider accumulation tied to a broader offering, which can matter more than a one-off open-market buy. For long-term investors, participation in a public underwritten deal might suggest conviction at scale, especially when insiders are willing to step in alongside selling unitholders rather than wait for a lower price.
As for fundamentals, Mach generated $1.2 billion in revenue and $143 million in net income in 2025, alongside $593 million in adjusted EBITDA. The company also paid $244 million in distributions last year and has returned $643 million since its IPO. Meanwhile, proved reserves jumped 109% to 705 million barrels of oil equivalent, with a PV-10 of $3.1 billion.
The structure here is also key. Ward-controlled entities purchased 76,628 units each at $13.05 as part of the offering, reinforcing exposure while liquidity was being created. That is a different signal than opportunistic buying, as it shows willingness to absorb supply and maintain ownership through a transition.
Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Here are three stocks with buy rank and strong income characteristics for investors to consider today, April 21:
Mach Natural Resources LP (MNR - Free Report) : This upstream oil and gas company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 60.8% over the last 60 days.
This Zacks Rank #1 company has a dividend yield of 16.6%, compared with the industry average of 0.0%.
Ecopetrol S.A. (EC - Free Report) : This integrated oil and gas company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 61.5% over the last 60 days.
This Zacks Rank #1 company has a dividend yield of 7.6%, compared with the industry average of 1.4%.
ZTO Express (Cayman) Inc. (ZTO - Free Report) : This company that provides express delivery and other value-added logistics services has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.2% over the last 60 days.
This Zacks Rank #1 company has a dividend yield of 3%, compared with the industry average of 0.0%.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check out this week’s current list of Best Stocks to Buy Now.
Find more top income stocks with some of our great premium screens.
Here are three stocks with buy rank and strong value characteristics for investors to consider today, April 21:
Mach Natural Resources LP (MNR - Free Report) : This upstream oil and gas company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 60.8% over the last 60 days.
Mach Natural has a price-to-earnings ratio (P/E) of 7.42, compared with 57.30 for the industry. The company possesses a Value Score of A.
Atlanticus Holdings Corporation (ATLC - Free Report) : This financial technology company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.9% over the last 60 days.
Atlanticus has a price-to-earnings ratio (P/E) of 8.37, compared with 14.60 for the industry. The company possesses a Value Score of A.
Ecopetrol S.A. (EC - Free Report) : This integrated oil and gas company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 61.5% over the last 60 days.
Ecopetrol has a price-to-earnings ratio (P/E) of 8.05, compared with 8.70 for the industry. The company possesses a Value Score of A.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check out this week’s current list of Best Stocks to Buy Now.
Learn more about the Value score and how it is calculated here.
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Mach Natural Resources LP (MNR - Free Report) closed the last trading session at $13.79, gaining 0.8% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $20 indicates a 45% upside potential.
The average comprises seven short-term price targets ranging from a low of $14.00 to a high of $25.00, with a standard deviation of $3.42. While the lowest estimate indicates an increase of 1.5% from the current price level, the most optimistic estimate points to a 81.3% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.
While the consensus price target is highly sought after by investors, the ability and unbiasedness of analysts in setting price targets have long been questionable. And investors making investment decisions solely based on this tool would arguably do themselves a disservice.
However, an impressive consensus price target is not the only factor that indicates a potential upside in MNR. This view is strengthened by the agreement among analysts that the company will report better earnings than what they estimated earlier. Though a positive trend in earnings estimate revisions doesn't give any idea as to how much the stock could surge, it has proven effective in predicting an upside.
Price, Consensus and EPS Surprise
Here's What You Should Know About Analysts' Price TargetsAccording to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.
While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?
They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.
However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.
Here's Why There Could be Plenty of Upside Left in MNRAnalysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason to expect an upside in the stock. That's because empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Over the last 30 days, the Zacks Consensus Estimate for the current year has increased 29.4%, as three estimates have moved higher while one has gone lower.
Moreover, MNR currently has a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Therefore, while the consensus price target may not be a reliable indicator of how much MNR could gain, the direction of price movement it implies does appear to be a good guide.
The market expects Mach Natural Resources LP (MNR - Free Report) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on May 7, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis company is expected to post quarterly earnings of $0.53 per share in its upcoming report, which represents a year-over-year change of -22.1%.
Revenues are expected to be $399.32 million, up 76.1% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 57.03% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Mach Natural Resources LP?For Mach Natural Resources LP, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.
On the other hand, the stock currently carries a Zacks Rank of #1.
So, this combination makes it difficult to conclusively predict that Mach Natural Resources LP will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Mach Natural Resources LP would post earnings of $0.26 per share when it actually produced earnings of $0.43, delivering a surprise of +65.38%.
Over the last four quarters, the company has beaten consensus EPS estimates three times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Mach Natural Resources LP doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
An Industry Player's Expected ResultsAmong the stocks in the Zacks Oil and Gas - Exploration and Production - United States industry, Mach Natural Resources LP (MNR - Free Report) , is soon expected to post earnings of $0.53 per share for the quarter ended March 2026. This estimate indicates a year-over-year change of -22.1%. This quarter's revenue is expected to be $399.32 million, up 76.1% from the year-ago quarter.
The consensus EPS estimate for Mach Natural Resources LP has been revised 57% higher over the last 30 days to the current level. However, an equal Most Accurate Estimate has resulted in an Earnings ESP of 0.00%.
This Earnings ESP, combined with its Zacks Rank #1 (Strong Buy), makes it difficult to conclusively predict that Mach Natural Resources LP will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Mach Natural Resources LP (MNR - Free Report) came out with quarterly earnings of $0.74 per share, beating the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.68 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +40.95%. A quarter ago, it was expected that this company would post earnings of $0.26 per share when it actually produced earnings of $0.43, delivering a surprise of +65.38%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Mach Natural Resources LP, which belongs to the Zacks Oil and Gas - Exploration and Production - United States industry, posted revenues of $285.93 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 28.04%. This compares to year-ago revenues of $226.77 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Mach Natural Resources LP shares have added about 21.3% since the beginning of the year versus the S&P 500's gain of 7.6%.
What's Next for Mach Natural Resources LP?While Mach Natural Resources LP has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Mach Natural Resources LP was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.34 on $365.34 million in revenues for the coming quarter and $1.75 on $1.51 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Oil and Gas - Exploration and Production - United States is currently in the top 4% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Venture Global (VG - Free Report) , has yet to report results for the quarter ended March 2026. The results are expected to be released on May 12.
This exporter of liquid natural gas is expected to post quarterly earnings of $0.13 per share in its upcoming report, which represents a year-over-year change of -18.8%. The consensus EPS estimate for the quarter has been revised 16.1% lower over the last 30 days to the current level.
Venture Global's revenues are expected to be $4.17 billion, up 44.2% from the year-ago quarter.
Mexico Fund (NYSE:MXF) Major Shareholder Saba Capital Management, L.P. Purchases 11,081 SharesMarketBeat
Mexico Fund, Inc. (The) (NYSE:MXF - Get Free Report) major shareholder Saba Capital Management, L.P. purchased 11,081 shares of the business's stock in a transaction dated Wednesday, June 10th. The shares were bought at an average price of $21.39 per share, with a total value of $237,022.59. Following the purchase, the insider directly owned 2,200,068 shares of the company's stock, valued at approximately $47,059,454.52. The trade was a 0.51% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.
NYSE:MXF
Read Mexico Fund (NYSE:MXF) Major Shareholder Saba Capital Management, L.P. Purchases 11,081 Shares
2 hours ago
Insider Selling: Church & Dwight (NYSE:CHD) EVP Sells 10,160 Shares of StockMarketBeat
Church & Dwight Co., Inc. (NYSE:CHD - Get Free Report) EVP Brian Buchert sold 10,160 shares of the business's stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $98.14, for a total transaction of $997,102.40. Following the transaction, the executive vice president directly owned 1,286 shares of the company's stock, valued at approximately $126,208.04. This trade represents a 88.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
NYSE:CHD
Read Insider Selling: Church & Dwight (NYSE:CHD) EVP Sells 10,160 Shares of Stock
2 hours ago
Church & Dwight (NYSE:CHD) Director Sells 12,960 SharesMarketBeat
Church & Dwight Co., Inc. (NYSE:CHD - Get Free Report) Director Ravichandra Krishnamu Saligram sold 12,960 shares of the stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $98.00, for a total value of $1,270,080.00. Following the transaction, the director directly owned 13,653 shares in the company, valued at $1,337,994. The trade was a 48.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
NYSE:CHD
Read Church & Dwight (NYSE:CHD) Director Sells 12,960 Shares
2 hours ago
McGraw Hill Q4 Earnings Call HighlightsMarketBeat
McGraw Hill (NYSE:MH) reported fiscal 2026 results above its prior expectations and issued fiscal 2027 guidance calling for modest revenue growth, higher recurring revenue and continued margin expansion, as executives emphasized growth in higher education, artificial intelligence-enabled products an
Here are three stocks with buy rank and strong income characteristics for investors to consider today, May 18:
Mach Natural Resources LP (MNR - Free Report) : This oil and gas company witnessed the Zacks Consensus Estimate for its current year earnings increasing 49.5% the last 60 days.
This Zacks Rank #1 company has a dividend yield of 14.7%, compared with the industry average of 0.0%.
Chicago Atlantic BDC, Inc. (LIEN - Free Report) : This business development company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 10.1% the last 60 days.
This Zacks Rank #1 company has a dividend yield of 14%, compared with the industry average of 11.6%.
Okeanis Eco Tankers Corp. (ECO - Free Report) : This shipping company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 36.9% in the last 60 days.
This Zacks Rank #1 company has a dividend yield of 11.3%, compared with the industry average of 1.2%.
See the full list of top ranked stocks here.
Find more top income stocks with some of our great premium screens.
Mach Natural Resources LP (MNR - Free Report) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.
The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.
The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time.
Therefore, the Zacks rating upgrade for Mach Natural Resources LP basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.
Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.
Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Mach Natural Resources LP imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.
Harnessing the Power of Earnings Estimate RevisionsEmpirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .
Earnings Estimate Revisions for Mach Natural Resources LPThis company is expected to earn $1.54 per share for the fiscal year ending December 2026, which represents no year-over-year change.
Analysts have been steadily raising their estimates for Mach Natural Resources LP. Over the past three months, the Zacks Consensus Estimate for the company has increased 44.3%.
Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of Mach Natural Resources LP to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Mach Natural Resources LP (MNR - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
Mach Natural Resources LP is a member of our Oils-Energy group, which includes 238 different companies and currently sits at #1 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Mach Natural Resources LP is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for MNR's full-year earnings has moved 44.3% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, MNR has gained about 33.7% so far this year. In comparison, Oils-Energy companies have returned an average of 32%. This means that Mach Natural Resources LP is outperforming the sector as a whole this year.
Another stock in the Oils-Energy sector, ProFrac Holding Corp. (ACDC - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 100.8%.
In ProFrac Holding Corp.'s case, the consensus EPS estimate for the current year increased 14.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Mach Natural Resources LP belongs to the Oil and Gas - Exploration and Production - United States industry, a group that includes 34 individual stocks and currently sits at #13 in the Zacks Industry Rank. On average, this group has gained an average of 31.6% so far this year, meaning that MNR is performing better in terms of year-to-date returns.
On the other hand, ProFrac Holding Corp. belongs to the Oil and Gas - Field Services industry. This 19-stock industry is currently ranked #196. The industry has moved +49.9% year to date.
Mach Natural Resources LP and ProFrac Holding Corp. could continue their solid performance, so investors interested in Oils-Energy stocks should continue to pay close attention to these stocks.
Here are three stocks with buy rank and strong income characteristics for investors to consider today, May 20:
Mach Natural Resources LP (MNR - Free Report) : This oil and gas company witnessed the Zacks Consensus Estimate for its current year earnings increasing 49.5% the last 60 days.
This Zacks Rank #1 company has a dividend yield of 14.4%, compared with the industry average of 0.0%.
Kohl's Corporation (KSS - Free Report) : This multichannel retail company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.7% the last 60 days.
This Zacks Rank #1 company has a dividend yield of 4.3%, compared with the industry average of 1.7%.
Civista Bancshares, Inc. (CIVB - Free Report) : This financial holding company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.2% in the last 60 days.
This Zacks Rank #1 company has a dividend yield of 2.9%, compared with the industry average of 2.7%.
See the full list of top ranked stocks here.
Find more top income stocks with some of our great premium screens.
Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:
Hamilton Insurance Group, Ltd. (HG - Free Report) : This insurance and reinsurance company has seen the Zacks Consensus Estimate for its current year earnings increasing 15.5% over the last 60 days.
Bread Financial Holdings, Inc. (BFH - Free Report) : This fintech company has seen the Zacks Consensus Estimate for its current year earnings increasing 13.9% over the last 60 days.
Ultra Clean Holdings, Inc. (UCTT - Free Report) : This semiconductor equipment and services company has seen the Zacks Consensus Estimate for its current year earnings increasing 23.7% over the last 60 days.
Sanmina Corporation (SANM - Free Report) : This industrial services company has seen the Zacks Consensus Estimate for its current year earnings increasing 11.5% over the last 60 days.
Mach Natural Resources LP (MNR - Free Report) : This oil and gas company witnessed the Zacks Consensus has seen the Zacks Consensus Estimate for its current year earnings increasing 49.5% over the last 60 days.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Investors are encouraged to register for EnerCom Denver – The Energy Investment Conference, featuring a broad group of public and private energy companies
Limited presentation openings are available for E&P, Midstream, OFS, Energy Transition, and Emerging Technology companies
Sponsorship opportunities are available for companies seeking to increase their market presence
, /PRNewswire/ -- EnerCom, Inc. ("EnerCom") is pleased to announce an exceptional lineup of networking and industry engagement opportunities at the 31st annual EnerCom Denver – The Energy Investment Conference taking place August 17-19, 2026, at the Westin Denver Downtown. Recognized as the largest independent investor conference serving the global oil and gas and broader energy industry, EnerCom Denver brings together public and private energy companies, institutional investors, family offices, analysts, and industry leaders from across the energy value chain. Attendees are encouraged to mark their calendars as EnerCom once again convenes the industry's leading decision-makers for three days of unparalleled networking opportunities, high-level presentations, and meetings.
EnerCom Denver – The Energy Investment Conference kicks off with the annual Charity Golf Tournament on Monday, August 17th at Colorado National Golf Club. The golf event is sponsored by global sponsor Netherland, Sewell & Associates, and EnerCom. The tournament is a fundraiser for IN! Pathways to Inclusive Higher Education. By participating in the charity golf tournament ($150 donation per golfer), you directly help create inclusive college opportunities in Colorado for students with intellectual disabilities, fostering their academic growth, social development, and career advancement. Your participation makes a real difference.
Following the Charity Golf Tournament, EnerCom Denver will host a VIP Welcome Mixer: an exclusive, invitation-only event for presenting companies, qualified investors, and conference sponsors, designed for high-level networking.
Tuesday evening's Casino Night networking event features a professionally-hosted casino experience with poker, blackjack, roulette, and craps tables using "fun money" (no cash value). Open to all registered attendees, the event also includes a charity poker tournament, along with food, drinks, and entertainment.
Held at The Westin Denver Downtown, EnerCom Denver annually hosts an in-person audience of more than 1,000 attendees, including industry professionals, institutional investors, family office investors, high-net-worth individuals, wealth managers, and private equity funds. In addition, the live webcast reaches a global audience of virtual conference attendees. Conference attendees can expect to hear presentations from more than 70 companies, including public and private oil and gas, oil service and equipment, midstream, royalty, nuclear, and energy transition companies with operations worldwide, as well as panel discussions on current energy topics.
For the investment community, the EnerCom Denver conference provides top-level access to oil and gas company executive management teams. The conference provides investors with unparalleled access to the C-suite, including one-on-one meetings and breakout Q&A sessions. Meetings are limited to buy-side principals, portfolio managers, CIOs, and securities analysts. Registration for qualified investment professionals is free, and they are encouraged to register now.
Companies interested in presenting at or sponsoring EnerCom Denver can contact Blanca Andrus at [email protected] (303) 296-8834 x246.
Presenting company lineup as of May 21, 2026, includes:
Advantage Energy (TSX: AAV; OTCPK: AAVVF)Amplify Energy (NYSE: AMPY)APA Corporation (NYSE: APA)Aureus Energy ServicesBaytex Energy (TSX/NYSE: BTE)Bison Oil & GasBlackbeard Operatingbpx energy (NYSE: BP)CanCambria Energy (TSX: CCEC; FSE: 4JH; OTCQB: CCEYF)Deep IsolationDrilling Tools International (NASDAQ: DTI)EnerCom Inc.Eni SpA (NYSE: E)Epsilon Energy (NASDAQ: EPSN)Forum Energy Technologies (NYSE: FET)Flotek Industries (NYSE: FTK)Freehold Royalties (TSX: FRU; OTCPK: FRHLF)Fundare ResourcesGran Tierra (TSX/NYSE: GTE)Granite Ridge (NYSE: GRNT)HeberdevKelt Exploration (TSX: KEL; OTCPK: KELTF)KODA ResourcesKraken ResourcesLiberty Energy (NYSE: LBRT)Mach Natural Resources (NYSE: MNR)NCS Multistage (NASDAQ: NCSM)Oklo (NYSE: OKLO)Parex Resources (TSX: PXT; OTCPK: PARXF)PEDEVCO (NYSE: PED)Prairie Operating (NASDAQ: PROP)Prospera Energy (TSXV: PEI; OTCPK: GXRFF)ReconAfrica (TSXV: RECO; OTCQX: RECAF)Riley Permian (NYSE: REPX)Ring Energy (NYSE: REI)SandRidge Energy (NYSE: SD)Saturn Oil (TSX: SOIL; OTCQX: OILSF)Select Water Solutions (NYSE: WTTR)SM Energy (NYSE: SM)Spartan Delta (TSX: SDE; OTCPK: DALXF)U.S. Energy Development CorporationValeura Energy (TSX: VLE; OTCQX: VLERF)VerdeEOR SolutionsVero3Vitesse Energy (NYSE: VTS)Vox Royalty (TSX: VOXR; NASDAQ: VOXR)Whitecap Resources (TSX: WCP; OTCQX: WCPRF)Zephyr Energy plc (AIM: ZPHR; OTCQB: ZPHRF)Companies continue to be added to the lineup.
Conference Overview
Conference Details: EnerCom Denver offers investment professionals a unique opportunity to network, hear from senior management teams from leading companies across the energy value chain, update investors on their operational and financial strategies, and learn how they create value for stakeholders.
Conference Dates: August 17–19, 2026. EnerCom will host its annual Charity Golf Tournament on Monday morning, August 17th, at Colorado National Golf Club in Erie, Colorado. Benefitting IN! Pathways to Inclusive Higher Education, the Golf Tournament requires a $150 charity donation to participate. The welcome reception and early registration will be held on Monday evening at the Westin. Formal presentations and meetings will be held on Tuesday and Wednesday.
Venue: Westin Denver Downtown.
Who Attends the Conference: Institutional investors, family offices, high-net-worth investors, private equity, wealth managers, research analysts, retail brokers, trust officers, investment and commercial bankers, and energy industry professionals.
Conference Format and Details: The EnerCom Denver conference follows EnerCom's familiar 25-minute presentation format, followed by 50-minute Q&A opportunities in separate breakout rooms, one-on-one meetings, and multiple networking opportunities. In addition to in-person access to all company presentations, panel discussions, and keynote speakers, conference registration allows investors and management teams to meet formally and informally over cocktails, breakfast, and lunch.
About EnerCom, Inc.:
Founded in 1994, EnerCom, Inc. has been a trusted advisor to the global energy industry, working with clients to differentiate and deliver targeted messages to investors. Headquartered in Denver, EnerCom is an internationally recognized strategic communications and management consultancy that advises companies on investor relations, corporate strategy/board advisory, fractional/interim CFO advisory, marketing, financial analysis and valuation, media, branding, and visual communications design.
For more information about EnerCom and its services, please visit www.enercominc.com or call (303) 296-8834 to speak with the management team or one of our consultants.
EnerCom Denver Sponsors Include:
Netherland, Sewell & Associates, Inc. (NSAI)
Netherland, Sewell & Associates, Inc. (NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry. Today they are recognized as the worldwide leader of petroleum property analysis to industry and financial organizations and government agencies. With offices in Dallas and Houston, NSAI provides a complete range of geological, geophysical, petrophysical, and engineering services and has the technical experience and ability to perform these services in any of the onshore and offshore oil and gas producing areas of the world. They provide reserves reports and audits, acquisition and divestiture evaluations, simulation studies, exploration resources assessments, equity determinations, and management and advisory services.
netherlandsewell.com
ATB Capital Markets
ATB Capital Markets offers holistic corporate and capital markets advice, combined with customized financial solutions to help businesses thrive. We're a full-service financial services provider for key industries. Backed by ATB Financial, a leading financial institution with $62.0 billion in assets, ATB Capital Markets helps clients with services that include investment and corporate banking, sales and trading, institutional research, and risk management.
atbcm.atb.com
CAC, Part of the Baldwin Group
CAC is now part of The Baldwin Group. We are stronger together. Together we deliver more specialization, more capabilities, and deeper expertise to our clients. As one, we magnify each other's strengths, unlocking the power of CAC's industry and product expertise through The Baldwin Group's infrastructure and people-powered national distribution network. Our clients now have access to a full suite of risk management tools from one team, one relationship, and one complete platform of solutions with market-leading client service. Our combined organization now serves clients across retail, specialty, reinsurance (including London and Bermuda markets), and MGA platforms.
cacgroup.com
Beatty & Wozniak
The Business of Energy
Beatty & Wozniak is the premier energy and natural resource law firm in the United States, fully dedicated to delivering for clients in the industry. Trusted by energy leaders nationwide, we're here to support your success at every turn. Beatty & Wozniak embodies a passionate commitment to energy through unparalleled dedication to the industry and the people it benefits. We represent the top echelon of energy companies in the United States because we are 100% focused on your industry — the business of energy. When your legal team lives and breathes energy law, every challenge becomes an opportunity.
bwenergylaw.com
OneNexus, LLC
OneNexus is a financial assurance platform built for energy operators facing growing decommissioning liabilities. Its flagship product, WellSecure™, delivers an asset-based surety solution that eliminates collateral and letter-of-credit requirements, freeing trapped capital while providing long-term funding certainty. Surety bonds under the WellSecure™ program are issued by Travelers Casualty and Surety Company of America, rated A++ (Superior) by AM Best. By pairing a recognized surety instrument with a regulated insurance structure supported by Munich Re regulatory capital, WellSecure™ gives operators a compliant, transferable, and scalable solution for long-duration decommissioning obligations.
onenexus.com
Petrie Partners
Petrie Partners, LLC is a boutique investment banking firm dedicated to the energy industry. The senior leadership has a multi-decade legacy of delivering specialized advice on mergers and acquisitions, asset transactions and valuations, and financings to the boards and managements of public, private and sovereign entities. Petrie clients benefit from the independent, conflict-free perspective and unwavering advocacy of their best interests that the team brings to every engagement.
petrie.com
IMA
IMA Financial Group is an independent broker defining the future of insurance through comprehensive and consultative risk and wealth management services. A majority employee-owned and managed company, its 2,300-plus associates in offices across the country are empowered by a shared mission to manage risk, protect assets and make a difference.
imacorp.com
Oil & Gas 360®
The Media Sponsor of EnerCom Denver, Oil & Gas 360®, is a one-stop source of news, information, and analysis from EnerCom professionals. The website is dedicated to all things energy: people, technologies, transactions, trends, and macro-economic analysis that impact our industry.
Oil & Gas 360
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Mach Natural Resources offers a 19% forward yield, direct natural gas price exposure, and trades at a sub-9x forward P/E and 4.3x EV/EBITDA. MNR's Permian assets are strategically positioned to benefit from surging AI-driven energy demand, supporting a bullish outlook on natural gas. I rate MNR a Buy with a $20 fair value, citing strong insider buying, cheap valuation, and robust asset positioning.
BRENTWOOD, Tenn.--(BUSINESS WIRE)--Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States (the “Company”), today announced that its Board of Directors declared a quarterly cash dividend of $0.24 per share of the Company’s common stock.
The dividend will be paid on June 9, 2026, to stockholders of record of the Company’s common stock as of the close of business on May 27, 2026.
About Tractor Supply Company
For more than 85 years, Tractor Supply Company (NASDAQ: TSCO) has been passionate about serving the needs of recreational farmers, ranchers, homeowners, gardeners, pet enthusiasts and all those who enjoy living Life Out Here. Tractor Supply is the largest rural lifestyle retailer in the U.S., ranking 296 on the Fortune 500. The Company’s more than 52,000 Team Members are known for delivering legendary service and helping customers pursue their passions, whether that means being closer to the land, taking care of animals or living a hands-on, DIY lifestyle. In store and online, Tractor Supply provides what customers need – anytime, anywhere, any way they choose at the low prices they deserve.
As part of the Company’s commitment to caring for animals of all kinds, Tractor Supply is proud to include Petsense by Tractor Supply, a pet specialty retailer, and Allivet, a leading online pet and animal pharmacy, in its family of brands. Together, Tractor Supply is able to provide comprehensive solutions for pet care, livestock wellness and rural living, ensuring customers and their animals thrive. From its stores to the customer’s doorstep, Tractor Supply is here to serve and support Life Out Here.
As of March 28, 2026, the Company operated 2,435 Tractor Supply stores in 49 states and 206 Petsense by Tractor Supply stores in 23 states. For more information, visit www.tractorsupply.com and www.Petsense.com.
On May 18, 2026, Tractor Supply Co TSCO shares rose 3.8% to a current price of $31.72. Despite this uptick, TSCO has experienced significant volatility over the past year, with a 52-week range spanning from a low of $29.42 to a high of $63.99.
GF Value™ verdict: The current price is $31.72, compared to a GF Value™ of $56.28, indicating the stock is 43.6% undervalued.GF Score™: TSCO has a GF Score™ of 83/100, categorizing it as a strong investment opportunity.Most notable signal: There have been no insider transactions in the last 3 months, which may suggest a lack of confidence from insiders in the current valuation. Is TSCO Overvalued or Undervalued? Tractor Supply Co TSCO appears to be significantly undervalued according to the GF Value™ model, which estimates the intrinsic value of the stock at $56.28. This valuation suggests a substantial margin of safety of 43.6% compared to the current trading price of $31.72. The GF Valuation label indicates that TSCO is undervalued, presenting a potential investment opportunity for those looking for solid companies with favorable long-term prospects.
GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. Despite the current undervaluation, it is essential to consider market conditions and the company's performance metrics, as fluctuations in the stock price can occur due to broader economic factors.
How Does TSCO's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 15.6x 24.9x Forward P/E 14.9x - Currently, TSCO's P/E ratio of 15.6x is significantly below its 5-year median P/E of 24.9x, reflecting a discount of 38%. This analysis aligns with the GF Value™ verdict, indicating that the stock is undervalued relative to its historical valuation metrics.
What Does TSCO's GF Score™ Tell Us? Metric Rating GF Score™ 83/100 Financial Strength 6/10 Profitability 9/10 Growth 10/10 Valuation 4/10 Momentum 2/10 The GF Score™ of 83/100 reflects a strong overall financial position for TSCO, particularly in profitability and growth, where it scored 9/10 and 10/10, respectively. However, the valuation score of 4/10 indicates that the stock may not be priced in line with its fundamental strengths. Additionally, the momentum rank of 2/10 suggests that TSCO has faced challenges in recent market performance, which may be a concern for short-term investors.
What Are Insiders Doing with TSCO Stock? In the last three months, there have been no insider transactions reported for Tractor Supply Co TSCO . This lack of activity from insiders may suggest that they are not taking advantage of the current pricing, which could indicate either a wait-and-see approach or a belief that the stock's value will not increase in the short term.
What This Means for Investors Based on the GF Value™ assessment, Tractor Supply Co TSCO is currently undervalued at a price of $31.72 compared to a GF Value™ of $56.28. This suggests potential upside for investors, though it is crucial to consider market dynamics and company performance before making investment decisions.
For the complete analysis, visit the Tractor Supply Co TSCO stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is TSCO's GF Score™?
TSCO's GF Score™ is 83/100, indicating a strong position in terms of potential long-term returns based on key financial metrics.
Is TSCO overvalued or undervalued?
TSCO is currently undervalued, with a GF Value™ of $56.28 compared to its current price of $31.72, suggesting significant upside potential.
What is TSCO's P/E ratio?
TSCO's P/E (TTM) is 15.6x, which is 38% below its 5-year median P/E of 24.9x, further supporting the conclusion that the stock is undervalued.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Initial inventory of more than 1,000 units in stock, with orders scheduled for pickup, supporting Massimo's expected 2026 revenue growth strategy and continued national retail expansion
, /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo" or the "Company"), a manufacturer and distributor of powersports vehicles, utility vehicles, and outdoor mobility products, today announced that it has commenced revenue-generating fulfillment activities for its newly authorized in-store SKU program with Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States.
Massimo Motor GKS200 Retail Program The milestone follows the Company's previously announced authorization for a significant national rollout of a core utility-focused product across Tractor Supply's retail network. With initial inventory of more than 1,000 units now in stock and orders scheduled for pickup, Massimo has advanced from retail authorization into active fulfillment and revenue execution.
Management believes the program has the potential to become an important revenue contributor through the remainder of 2026 as fulfillment volumes, retail sell-through activity, and potential replenishment orders scale. The Company believes this transition from authorization to fulfillment validates Massimo's national retail growth strategy and its ability to convert large-scale retail opportunities into commercial execution.
"This is more than a retail authorization milestone — this is the beginning of revenue execution," said Quenton Petersen, Chief Executive Officer of Massimo Group. "A few months ago, we announced a significant retail opportunity. Today, we have inventory in stock, orders scheduled for pickup, and products beginning to move into the retail channel. We believe this demonstrates to our shareholders that Massimo is not simply announcing growth initiatives — we are executing against them."
Petersen continued, "Tractor Supply is one of the most important retail platforms serving rural lifestyle customers in the United States. We believe our products align strongly with that customer base, and we are proud to support this program with inventory readiness, fulfillment capability, operational execution, and a continued focus on quality and value."
Massimo believes the commencement of fulfillment activities represents another step in its broader 2026 growth strategy, which includes expanding national retail distribution, strengthening inventory availability, supporting sell-through performance, and building opportunities for future replenishment orders, subject to retail performance and mutual agreement.
The Company remains focused on disciplined execution across its retail channel, including fulfillment reliability, product availability, customer support, and continued collaboration with leading national retail partners. Massimo believes this program provides a scalable foundation for meaningful revenue contribution and long-term shareholder value creation.
About Massimo Group
Massimo Group is a manufacturer and distributor of powersports products and outdoor utility vehicles. Headquartered in Texas, the Company offers a full lineup of UTVs, ATVs, mini bikes, outdoor recreational products, and utility-focused mobility platforms designed for work, recreation, and lifestyle applications. Massimo is focused on combining operational scale, retail distribution expansion, and product innovation to support long-term growth opportunities across its core markets.
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the federal securities laws with respect to Massimo Group. All statements other than statements of historical facts contained in this press release, including statements regarding expected fulfillment activity, anticipated sell-through performance, potential replenishment orders, future revenue contribution, retail expansion, operational execution, inventory availability, and long-term shareholder value creation, are forward-looking statements.
In some cases, forward-looking statements can be identified by words such as "anticipate," "believe," "estimate," "expect," "intend," "may," "plan," "predict," "project," "target," "potential," "seek," "will," "would," "could," "should," or similar expressions, and the negatives of those terms.
These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including, but not limited to, retail sell-through performance; customer demand; inventory availability; production, shipping or logistics delays; macroeconomic conditions; inflationary pressures; supply chain constraints; competitive pressures; regulatory developments; retail partner performance; and other risks and uncertainties described in filings made by Massimo Group with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K, Quarterly Report on Form 10-Q, and Current Reports on Form 8-K.
Forward-looking statements speak only as of the date they are made. No assurance can be given regarding forward-looking statements, and actual results may differ materially from those indicated. Massimo Group undertakes no obligation to update these statements except as required by law.
Investor Relations Contact
Massimo Group
Investor Relations
[email protected]
4928-2544-8877\2
It has been about a month since the last earnings report for Tractor Supply (TSCO - Free Report) . Shares have lost about 18.7% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Tractor Supply due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.
Tractor Supply's Q1 Earnings Miss, Higher Comparable Sales AidTractor Supply reported first-quarter 2026 results, wherein the bottom and top lines missed the Zacks Consensus Estimate. While net sales increased from the year-ago period, earnings declined. It posted earnings of 31 cents per share, which lagged the Zacks Consensus Estimate of 34 cents. The bottom line dipped 7.2% from the figure reported in the prior-year quarter.
Net sales grew 3.6% year over year to $3.59 billion but came below the Zacks Consensus Estimate of $3.64 billion. The rise in sales can be attributed to store openings and, to a lesser extent, higher comparable store sales (comps). Comps edged up 0.5% year over year compared with the 0.9% drop registered in the prior-year’s first quarter. The improvement reflects a 1.6% rise in comparable average ticket, partly offset by a 1% dip in the comparable average transaction count.
Four out of the five product categories posted positive comps in the reported quarter, complemented by strength in big-ticket items. Companion animal performance was below the company’s average, indicating weak demand trends, category shifts and an unfavorable product mix. The company reported solid double-digit growth in digital sales.
Tractor Supply’s Costs & MarginsGross profit rose 3.6% year over year to $1.30 billion. The gross margin remained flat year over year at 36.2%, as effective product cost management and solid execution of an everyday low-price strategy were mitigated by elevated tariffs and delivery-related transportation costs. Our model predicted gross profit to increase 8.5% and the gross margin to expand 70 basis points (bps) to 35.9%.
Selling, general and administrative (SG&A) expenses, including depreciation and amortization, rose 6.1% to $1.07 billion from $1.01 billion in the first quarter of 2025. As a percentage of net sales, SG&A increased 70 bps to 29.7% from 29% in the year-ago quarter. This increase was owing to deleveraged fixed costs based on comps performance and an accelerated new store opening cadence, somewhat offset by a focus on productivity and cost control. Our model predicted SG&A expenses to increase 7.4% and, as a percentage of sales, this metric was anticipated to expand 50 bps to 26.1%.
Operating income for the quarter fell 6.3% year over year to $233.4 million. Meanwhile, the operating margin contracted 70 bps to 6.5%. We estimated operating income to drop 6.1% and the operating margin to fall 40 bps 6.8%.
TSCO’s Financial PositionTractor Supply ended the quarter with cash and cash equivalents of $224.3 million, long-term debt of $2.13 billion and total stockholders’ equity of $2.51 billion. In first-quarter 2026, net cash provided by operating activities was $91.1 million. In the same period, the company incurred capital expenditures of $202.6 million.
During first-quarter 2026, Tractor Supply returned $244.4 million to shareholders. This included the repurchase of 2.3 million shares of its common stock for $118 million and the payment of $244.4 million in quarterly cash dividends.
In the reported quarter, the company continued to expand its footprint by opening 40 Tractor Supply outlets, while closing one Petsense by Tractor Supply store.
Sneak Peek Into TSCO’s OutlookManagement reiterated guidance for 2026. The company still expects net sales growth of 4-6% and comps growth of 1-3%.
For 2026, the operating margin rate is projected between 9.3% and 9.6%. Net income is expected to be between $1.11 billion and $1.17 billion, with earnings per share anticipated to be $2.13-$2.23.
How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a downward trend in estimates revision.
VGM ScoresAt this time, Tractor Supply has a average Growth Score of C, though it is lagging a lot on the Momentum Score front with an F. However, the stock has a grade of B on the value side, putting it in the second quintile for value investors.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Interestingly, Tractor Supply has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Tractor Supply Company is rated a 'Buy' after a 36% YTD decline, with shares now trading 21% below intrinsic value. Pet segment weakness, driven by declining dog ownership and Tractor Supply product mix, is a headwind but not a long-term structural risk. TSCO's 75% non-pet sales, expanding store footprint, exclusive brands, and robust loyalty program underpin resilient growth and margin strength.
