, /PRNewswire/ -- PNM, a wholly-owned subsidiary of TXNM Energy (NYSE: TXNM), put forth a plan for future energy resources needed to continue powering homes and businesses with reliable, affordable and clean energy. As part of this plan, PNM has submitted an application with the New Mexico Public Regulation Commission (NMPRC) detailing the resources selected to address growing customer demand, system reliability needs and the state's clean‑energy requirements.
A major step toward New Mexico's clean energy future
The plan advances PNM's transition to 100% carbon‑free electricity under the Energy Transition Act (ETA) during a period of significant growth. It includes additions of wind, solar and storage resources and marks the complete elimination of coal as a generation source for PNM customers in 2031, a historic milestone for New Mexico.
To meet projected demand growth and replace capacity associated with PNM's planned exit from the Four Corners Power Plant, the company is seeking approval for:
800 MW of wind resources 240 MW of solar resources 610 MW of battery storage resources 40 MW of natural gas to be used as needed until 2045 An additional 50 - 250 MW of resources are being solicited through a supplemental request for proposals and will be included in a subsequent filing in 2026. Together, these resources will further PNM's 80% carbon-free progress through 2032.
System growth while protecting existing customers
PNM is forecasting a 40% increase in customer electricity demand by 2032, driven by load growth and the state's economic development efforts. PNM's proposed new resources are designed to meet the increase in demand while ensuring that existing customers are not burdened by costs created by new large load customers. It is important to note, and consistent with what we've previously stated, that none of these large load customers are in any way affiliated with Blackstone.
In its application to the NMPRC, PNM states that new large load customers need to cover the incremental costs they are adding to the system and pay for a share of the existing system. In addition, PNM's investment in economic development sites will allow system costs to be spread across a larger customer base and make it possible to bring in more wind energy, benefiting all customers.
Tax incentives provide customer benefit
Subsequent applications will be filed with the NMPRC for additional resources and a new 345‑kV transmission line to deliver the proposed wind resources to customers. By prioritizing the resources included in today's NMPRC application, customers will benefit from federal tax credits available under the Inflation Reduction Act before their expiration.
Capital Investments
The wind, solar and battery storage in today's application will be secured from third parties. The capital investments to support these resources and the natural gas facility are part of PNM's $4.9 billion 5-year investment plan shared in the company's first quarter earnings release.
Economic and community benefits
The capital investments associated with the new resources will generate property tax revenue for New Mexico communities. Construction of these projects will also support local jobs.
Resource selection process
Resources are selected from bids solicited through a request for proposals and evaluated through a rigorous, competitive and independently monitored process to ensure they meet system requirements, manage long‑term costs and support the transition to a cleaner and more resilient energy future.
The application, which is subject to NMPRC approval, is available at https://www.txnmenergy.com/investors/rates-and-filings/pnm-nmprc-filings.aspx.
Background:
TXNM Energy (NYSE: TXNM), an energy holding company based in Albuquerque, New Mexico, delivers energy to more than 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, TNMP and PNM. For more information, visit the company's website at www.TXNMEnergy.com.
CONTACTS:
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Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Statements made in this press release that relate to future events or expectations, projections, estimates, intentions, goals, targets, and strategies are made pursuant to the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally include statements regarding the potential transaction between TXNM Energy and Blackstone Infrastructure, including any statements regarding the expected timetable for completing the potential transaction, the ability to complete the potential transaction, the expected benefits of the potential transaction, projected financial information, future opportunities, and any other statements regarding TXNM Energy's and Blackstone Infrastructure's future expectations, beliefs, plans, objectives, results of operations, financial condition and cash flows, or future events or performance. Readers are cautioned that all forward-looking statements are based upon current expectations and estimates. Neither Blackstone Infrastructure nor TXNM Energy assumes any obligation to update this information. Because actual results may differ materially from those expressed or implied by these forward-looking statements, TXNM Energy caution readers not to place undue reliance on these statements. TXNM Energy's business, financial condition, cash flow, and operating results are influenced by many factors, which are often beyond its control, that can cause actual results to differ from those expressed or implied by the forward-looking statements. For a discussion of risk factors and other important factors affecting forward-looking statements, please see TXNM Energy's Form 10-K and Form 10-Q filings and the information filed on TXNM Energy's Forms 8-K with the Securities and Exchange Commission (the "SEC"), which factors are specifically incorporated by reference herein and the risks and uncertainties related to the proposed transaction with Blackstone Infrastructure, including, but not limited to: the expected timing and likelihood of completion of the pending transaction, including the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the pending transaction that could reduce anticipated benefits or cause the parties to abandon the transaction, the occurrence of any event, change or other circumstances that could give rise to the termination of the transaction agreement, including in circumstances requiring the Company to pay a termination fee, the possibility that TXNM Energy's shareholders may not approve the transaction agreement, the risk that the parties may not be able to satisfy the conditions to the proposed transaction in a timely manner or at all, the outcome of legal proceedings that may be instituted against TXNM Energy, its directors and others related to the proposed transaction, risks related to disruption of management time from ongoing business operations due to the proposed transaction, the risk that the proposed transaction and its announcement could have an adverse effect on the ability of TXNM Energy to retain and hire key personnel and maintain relationships with its customers and suppliers, and on its operating results and businesses generally, the amount of costs, fees, charges or expenses resulting from the proposed transaction, and the risk that the price of TXNM Energy's common stock may fluctuate during the pendency of the proposed transaction and may decline significantly if the proposed transaction is not completed. Other unpredictable or unknown factors not discussed in this communication could also have material adverse effects on forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof.
DETROIT--(BUSINESS WIRE)--Altimetrik, an AI-first data and digital engineering company, has been recognized as a “Major Contender” in the Everest Group Software Product Engineering Services PEAK Matrix® Assessment 2026.
The assessment evaluated 52 engineering service providers across the global software product engineering market, which Everest Group estimates at roughly $40 billion and projects to grow 6 to 7 percent this year. Providers were scored on market impact as well as vision and capability. Altimetrik’s revenue growth placed it among the faster-growing providers in the assessment.
“The firm has built a strong presence through offerings across multiple industries, a diversified client portfolio, and a partner-led ecosystem emphasizing collaboration with emerging data and AI partners such as OpenAI, Snowflake, and Databricks,” said Manukrishnan SR, Practice Director at Everest Group. “Its acquisition of SLK Software has helped it gain a foothold in the BFSI and manufacturing verticals, while dedicated CoE-led initiatives around holistic AI have further augmented its capabilities. An evolving IP portfolio centered on improving developer productivity reinforces its engineering strength.”
Everest Group highlighted Altimetrik’s ability to serve a balanced client base across technology-led segments such as ISVs and internet companies, as well as service-oriented industries including financial services, health care, and retail, with strong coverage across small, mid-sized, and large enterprises. The firm also earned recognition for its outcome-based and hybrid pricing models, which tie commercial terms to measurable client results rather than headcount or effort.
“Being recognized by Everest Group as a Major Contender in software product engineering validates what we’ve believed from day one: that engineering discipline is the foundation every great product is built on,” said Raj Sundaresan, CEO of Altimetrik. “As AI reshapes how software is designed and delivered, Altimetrik is ensuring that rigor scales with it. ALTi AIOS, our AI engineering operating system that embeds accountability and governance across the lifecycle, our partnership with OpenAI, and our recent inclusion in Google Cloud’s AI-native partner cohort are proof that we’re not just keeping pace, we’re setting the standard.”
Learn more about Altimetrik’s software product engineering capabilities.
About Altimetrik
Altimetrik is an AI engineering company, building the systems that power the modern enterprise. Through ALTi AIOS™, its AI engineering operating system, and a partner ecosystem that includes OpenAI, Google Cloud, Anthropic, Snowflake, and Databricks, Altimetrik enables organizations to build, govern, and scale enterprise-grade AI solutions to build sustainable competitive advantage.
With more than 10,000 practitioners worldwide and deep engineering DNA, Altimetrik helps businesses across BFSI, manufacturing, retail and CPG, automotive, health care, and life sciences.
Recognized in the 2025 Constellation Research ShortList™ for Global AI Services and named a Major Contender in multiple Everest Group PEAK Matrix® assessments, including Software Product Engineering Services (2026), Enterprise Quality Engineering Services (2025), and Digital Engineering Services for BFSI and Life Sciences. Learn more at altimetrik.com.
Key Takeaways EG Q1 EPS of $16.08 beat estimates, surging 149% YoY on strong reinsurance performance.Everest Group investment income rose 15.5%, while underwriting swung to $316M profit.EG revenues fell 4.6% on lower premiums, though the combined ratio improved to 91.2. Everest Group, Ltd. (EG - Free Report) reported first-quarter 2026 operating income of $16.08 per share, which beat the Zacks Consensus Estimate by 14.6%. The bottom line increased significantly 149% year over year.
Everest Group benefited from solid investment income growth and improved catastrophe losses, which driving a sharp improvement in profitability despite weaker premiums and top-line pressure.
EG’s Q1 Operational UpdateTotal operating revenues of about $4 billion declined 4.6% year over year, reflecting lower premiums. The top line missed the Zacks Consensus Estimate by 7.7%.
Gross written premiums fell 18.5% year over year to $3.6 billion, reflecting an 8.5% decline in Reinsurance Treaty, partially offset by growth in Global Wholesale &Specialty. Our estimate was $4.8 billion.
Net investment income rose 15.5% year over year to $567 million, driven by a larger asset base and strong alternative investment returns. The figure exceeded our estimate of $491 million and the Zacks Consensus Estimate of $513 million.
Total claims and expenses declined 17% to $3.3 billion, primarily due to lower incurred losses and loss adjustment expenses, commissions, brokerage, taxes and fees. Our estimate was $3.7 billion.
Underwriting income totaled $316 million in contrast to an underwriting loss of $104 million in the year-ago quarter.
Pre-tax catastrophe losses, net of recoveries and reinstatement premiums, were $130 million, narrower than $472 million a year ago.
The combined ratio improved 1160 basis points year over year to 91.2. The Zacks Consensus Estimate was 94.2, while our estimate was 93.9.
Q1 Segmental Update of Everest GroupReinsurance Treaty segment generated gross written premiums of $2.7 billion, down 8.5% year over year and below our estimate of $3.6 billion. The decline reflected lower volumes in Property Non-Catastrophe XOL, Casualty Pro-Rata and Casualty XOL, which were offset by growth in Property Catastrophe XOL and Financial Lines.
The segment’s combined ratio improved to 87.2 from 104.7 a year ago. Our estimate was 91.
Global Wholesale & Specialty segment posted gross written premiums of $793 million, up 1.6% year over year. Higher premiums in Accident and Health and Other Specialty were offset by declines in Property / Short Tail, Specialty Casualty, Professional Liability and Workers' Compensation.
The combined ratio improved 110 basis points year over year to 96.8. Our estimate was 100.4.
Legacy Segment posted gross written premium declined sharply by 80.3% year over year to $135 million, reflects a limited volume of renewal and new policies tied to the commercial retail insurance business. Net premiums earned fell 26.1% year over year to $399 million.
Underwriting loss widened to $22 million from $14 million incurred in the year ago quarter.
EG’s Financial UpdateEverest Group exited the first quarter of 2026 with total investments and cash of $45 billion, up 0.9% from the 2025-end level.
Shareholders’ equity fell 1.3% year over year to $15.3 billion.
Book value per share increased 1% year over year to $383.75 as of March 31, 2026.
Annualized net income return on equity improved 1110 basis points year over year to 16.8%.
Cash flow from operations totaled $649 million for the year, down 30.1% year over year.
Capital Deployment of EGEG paid common share dividends of $80 million, or $2 per share, during the reported quarter. It repurchased $331 million worth of shares in this quarter.
EG’s Zacks RankEverest Group currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other InsurersChubb Limited (CB - Free Report) reported first-quarter 2026 core operating income of $6.82 per share, which outpaced the Zacks Consensus Estimate by 5.2%. The bottom line increased 85.2% year over year.
Total operating revenues improved 11.8% year over year to $15.3 billion. The top line beat the Zacks Consensus Estimate by 3%. Net premiums written improved 10.7% year over year to $14 billion in the quarter. Our estimate was $13.6 billion, while the Zacks Consensus Estimate was pegged at $13.5 billion. Net investment income was $1.7 billion, up 9.5% year over year. The Zacks Consensus Estimate was pegged at $1.8 billion, while our estimate was $2 billion.
Arch Capital Group Ltd. (ACGL - Free Report) reported first-quarter 2026 operating income of $2.50 per share, which beat the Zacks Consensus Estimate by 2.4%. The bottom line increased 15.4% year over year.
Operating revenues of $4.3 billion decreased 3.8% year over year, due to lower net premiums earned. Revenues missed the Zacks Consensus Estimate by 6.1%. Net premiums earned declined 4.8% year over year to $3.9 billion, due to lower premiums earned in its Reinsurance segment. The figure missed the Zacks Consensus Estimate by 6%.
Selective Insurance Group (SIGI - Free Report) reported first-quarter 2026 operating income of $1.69 per share, which missed the Zacks Consensus Estimate by 2.3%. The bottom line decreased 11% year over year.
Operating revenues of $1.4 billion increased 6.4% from the year-ago quarter’s level, driven primarily by higher net premiums earned and net investment income. However, the top line missed the Zacks Consensus Estimate by 0.5%. Net premiums written decreased 1% to $1.3 billion. The figure was on par with our estimate.
On April 30, 2026, Everest Group Ltd EG shares rose 3.7% today, reaching a current price of $356.76. This price is within a 52-week range of $302.44 to $368.29, highlighting the stock's recent upward momentum.
GF Value™ verdict: Current price is $356.76, which is 14.1% below the GF Value™ of $415.18.GF Score™ is 76/100, indicating an above-average rating based on several key financial metrics.Most notable signal: No insider transactions have been reported in the last three months. Is EG Overvalued or Undervalued? The current price of Everest Group Ltd EG is $356.76, which is 14.1% below the GF Value™ estimate of $415.18. This suggests that the stock is undervalued, presenting a potential opportunity for investors looking for stocks trading below their intrinsic value. The GF Valuation label indicates that EG is currently considered "Modestly Undervalued." This margin of safety could provide a buffer against market volatility, allowing investors to capitalize on a favorable pricing scenario.
GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. Being undervalued does not guarantee future performance, and investors should consider the broader market conditions and company fundamentals before making any decisions.
How Does EG's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 7.3x 10.7x Forward P/E 6.8x - The current price-to-earnings (P/E) ratio for Everest Group Ltd EG is 7.3x, which is significantly below its 5-year median P/E of 10.7x, indicating that the stock is trading at a discount compared to its historical valuation. The forward P/E of 6.8x further emphasizes this undervaluation. This P/E analysis aligns with the GF Value™ verdict, reinforcing the notion that EG is currently undervalued, presenting a favorable opportunity for investors.
What Does EG's GF Score™ Tell Us? Metric Rating GF Score™ 76 Financial Strength 5/10 Profitability 7/10 Growth 6/10 Valuation 10/10 Momentum 2/10 The GF Score™ of 76/100 indicates that Everest Group Ltd EG is rated above average in terms of long-term investment potential. The strongest area is the Valuation rank at 10/10, suggesting that the stock is significantly undervalued compared to its peers. However, the Momentum rank is notably low at 2/10, indicating potential weaknesses in the stock's price performance momentum. The scores highlight that while there are solid fundamentals, caution should be exercised regarding short-term price movements.
What Are Insiders Doing with EG Stock? In the last three months, there have been no reported insider transactions for Everest Group Ltd EG . This lack of insider activity may suggest that executives and board members are not currently buying or selling shares, which can indicate a neutral outlook on the company's near-term prospects. In environments where insiders are active, their transactions can provide valuable insights into their confidence in the company's future performance.
What This Means for Investors Based on the GF Value™ estimate, Everest Group Ltd EG is currently undervalued, presenting a potential opportunity for investors looking for stocks priced below their intrinsic value. However, as with any investment, it is important to consider a comprehensive analysis of the company's fundamentals and market conditions before making any decisions.
For the complete analysis, visit the Everest Group Ltd EG 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 EG's GF Score™?
EG's GF Score™ is 76/100, indicating that the stock is rated above average based on key financial metrics which have been shown to correlate with higher long-term returns.
Is EG overvalued or undervalued?
EG is considered undervalued, with a GF Value™ of $415.18 compared to the current price of $356.76, suggesting a potential investment opportunity.
What is EG's P/E ratio?
The current P/E (TTM) ratio for EG is 7.3x, which is significantly below its 5-year median P/E of 10.7x, indicating that the stock is currently trading at a discount compared to its historical valuation.
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].
Everest Group is executing a turnaround, refocusing on reinsurance and divesting underperforming insurance lines, with Q1 results validating early progress. Q1 earnings of $16.08 beat estimates, with a 91.2% combined ratio and $33 million in favorable reserve development, signaling improved underwriting discipline. EG's capital return is accelerating: the buyback floor increased to $300 million quarterly, and share count is down 6.3% year-over-year.
HAMILTON, Bermuda--(BUSINESS WIRE)--Everest Group, Ltd. (“Everest” or “the Company”) (NYSE: EG), a global underwriting leader providing world-class reinsurance and specialty insurance solutions, today announced the appointment of Lisa Davis as Head of North America, Wholesale & Specialty.
Ms. Davis will lead Everest’s North America Wholesale & Specialty business, overseeing underwriting strategy, distribution, and portfolio management across the region. She will report to Jason Keen, EVP and CEO of Global Wholesale & Specialty, and serve as a key member of his leadership team.
“Along with her extensive experience, Lisa brings a combination of underwriting discipline, operational leadership, and strong relationships that are critical in this environment,” said Jason Keen. “Her ability to build profitable specialty businesses, lead high-performing teams, and deepen broker relationships will be instrumental as we continue to strengthen our North America platform, deliver disciplined, profitable growth, and execute our long-term strategy.”
Ms. Davis brings more than 35 years of experience building and scaling specialty insurance businesses across wholesale markets, with deep expertise in underwriting leadership, portfolio management, and distribution strategy. Most recently, she led the build-out and expansion of Canopius’ U.S. business, delivering sustained profitable growth while significantly scaling the platform. Prior to that, she served as President and Chief Operating Officer for North America at Sompo America and held leadership roles at Zurich North America and St. Paul Companies.
About Everest
Everest Group, Ltd. (Everest) is a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions that address customers’ most pressing challenges. Known for a 50-year track record of disciplined underwriting, capital and risk management, Everest, through its global operating affiliates, is committed to underwriting opportunity for colleagues, customers, shareholders, and communities worldwide.
Everest common stock (NYSE: EG) is a component of the S&P 500 index.
Additional information about Everest, our people, and our products can be found on our website at www.everestglobal.com.
SAN JOSE, Calif.--(BUSINESS WIRE)--Infrrd, a global leader in Intelligent Document Processing (IDP), marks its 10th anniversary. Founded in 2016 to tackle the challenges of unstructured data, Infrrd is helping enterprises automate complex, document-heavy workflows with AI.
Headquartered in San Jose, Infrrd is a global leader in IDP, helping enterprises automate data extraction and decision-making from complex documents using AI
Share Infrrd’s platform is powered by a combined AI technology — natural language processing (NLP), machine learning (ML), and computer vision. This foundation enables organizations to extract and interpret data across structured documents like invoices and tax forms, as well as unstructured mortgage files and engineering diagrams.
Underpinning the platform is a proprietary AI engine backed by 12+ awarded patents covering innovations such as confidence scoring algorithms, document separation, entity relationship mapping, and template-invariant data extraction, ensuring consistent performance across structured, semi-structured, and unstructured documents.
Industry Recognition and Awards
“Infrrd has reinforced its position as a Leader in Everest Group's IDP PEAK Matrix® Assessment 2026. The company is differentiating through strong capabilities in document fraud detection, accuracy reasoning, and automated document splitting… and an embedded chatbot assistant. Infrrd continues to outpace the market, with above-average growth in both revenue and client adoption." — Vaibhav Bansal, Vice President, Everest Group. Infrrd has also been named a Leader in the Gartner® Magic Quadrant™ for IDP Solutions.
The Future
Looking ahead, Infrrd is advancing agentic automation through Ally, its Agentic AI layer built on top of its IDP platform. Trained on millions of real mortgage data points, Ally automates compliance, verification, and audit workflows through a chat-based interface — bringing human auditors in only when true judgment is needed.
About Infrrd
Headquartered in San Jose, Infrrd is a global leader in IDP, helping enterprises automate data extraction and decision-making from complex documents using AI. Its platform combines ML, NLP, and agentic AI and is backed by 12+ awarded patents to deliver high-accuracy, scalable automation across industries including mortgage, insurance, and financial services.
HAMILTON, Bermuda--(BUSINESS WIRE)--Everest Group, Ltd. announced that its Board of Directors declared a dividend of $2.00 per common share. This dividend will be payable on or before June 26, 2026 to all shareholders of record as of June 12, 2026.
About Everest
Everest Group, Ltd. (Everest) is a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions that address customers’ most pressing challenges. Known for a 50-year track record of disciplined underwriting, capital and risk management, Everest, through its global operating affiliates, is committed to underwriting opportunity for colleagues, customers, shareholders, and communities worldwide.
Everest common stock (NYSE: EG) is a component of the S&P 500 index.
Additional information about Everest, our people, and our products can be found on our website at www.everestglobal.com.
NEW YORK, May 14, 2026 (GLOBE NEWSWIRE) -- EXL [NASDAQ: EXLS], a global data and AI company, announced it has been named a Leader in the Everest Group Healthcare Payer Intelligent Operations PEAK Matrix® Assessment 2026.
The Everest Group report examined the healthcare payer back office operations capabilities of 33 leading providers. This year’s assessment represents a meaningful evolution from the previous installment of the report, which was conducted in 2023.
In 2026, Everest expanded its scope to “Intelligent Operations,” reflecting the industry’s shift toward next-generation, AI-enabled capabilities. In addition to traditional healthcare payer operations, the evaluation now assesses providers on their ability to embed intelligent technologies—analytics, automation, and AI—across core payer functions through the value chain.
The report cited EXL’s analytics, predictive modeling, and solution flexibility as company-wide strengths, specifically within its CareRadius™ platform, which combines utilization management, case management and population health workflows with analytics-driven automation. This momentum is reinforced by strong double-digit growth in EXL’s health and life sciences business, driven by its data and AI-led strategy and the continued expansion of AI capabilities. By embedding AI more deeply across workflows, EXL is helping payers improve decision-making, streamline operations and deliver more coordinated efficient member outcomes.
“The shift toward AI-led operations is accelerating as payers seek to enhance quality, payment accuracy, and member outcomes, while navigating challenges of fragmented data and legacy cores,” says Vivek Kumar, practice director, Everest Group. “EXL is advancing its data and AI-led strategy through a mix of functional BPaaS, analytics, and platforms. Its focused investments in multiple high-demand areas such as care management and payment integrity have supported its positioning as a Leader in Everest Group’s Healthcare Payer Intelligent Operations PEAK Matrix Assessment 2026.”
“Amid rising medical costs, regulatory changes and increased administrative complexity, data management, analytics and AI have become vital tools for health plans to improve operational efficiency, drive real-time decision-making and ensure better outcomes,” said Vivek Jetley, president and head of insurance, healthcare and life sciences at EXL. “At EXL, we are committed to empowering payers with end-to-end, fully integrated solutions that streamline workflows, reduce manual processes, and enhance accuracy. By leveraging advanced analytics and AI-driven insights, we enable health plans to optimize claims processing, improve member engagement, and ensure compliance with evolving regulations. These capabilities are critical for health plans to remain resilient, agile, and competitive in an increasingly complex and demanding healthcare landscape.”
Everest Group’s PEAK Matrix® is a proprietary framework that measures an organization’s impact created within the market and the ability to deliver solutions successfully. Market Impact is evaluated through market adoption, portfolio mix and value delivered. Vision and capability, the measurement for successful solution delivery, is assessed by evaluating each firm’s vision and strategy, scope of offered services, innovation and investments, and delivery footprint. The report uses this framework to classify service providers into Leaders, Major Contenders and Aspirants.
To read more about the Everest Group 2026 report, click here.
For more information about EXL’s healthcare solutions, click here.
About EXL
EXL (NASDAQ: EXLS) is a global data and AI company that offers services and solutions to reinvent client business models, drive better outcomes and unlock growth with speed. EXL harnesses the power of data, AI, and deep industry knowledge to transform businesses, including the world's leading corporations in industries including insurance, healthcare, banking and capital markets, retail, communications and media, and energy and infrastructure, among others. EXL was founded in 1999 with the core values of innovation, collaboration, excellence, integrity and respect. We are headquartered in New York and have approximately 67,000 employees spanning six continents. For more information, visit www.exlservice.com.
This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. You should not place undue reliance on those statements because they are subject to numerous uncertainties and factors relating to EXL's operations and business environment, all of which are difficult to predict and many of which are beyond EXL’s control. Forward-looking statements include information concerning EXL’s possible or assumed future results of operations, including descriptions of its business strategy. These statements may include words such as “may,” “will,” “should,” “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate” or similar expressions. These statements are based on assumptions that we have made in light of management's experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. You should understand that these statements are not guarantees of performance or results. They involve known and unknown risks, uncertainties and assumptions. Although EXL believes that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect EXL’s actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements. These factors, which include our ability to maintain and grow client demand, our ability to hire and retain sufficiently trained employees, and our ability to accurately estimate and/or manage costs, rising interest rates, rising inflation and recessionary economic trends, are discussed in more detail in EXL’s filings with the Securities and Exchange Commission, including EXL’s Annual Report on Form 10-K. You should keep in mind that any forward-looking statement made herein, or elsewhere, speaks only as of the date on which it is made. New risks and uncertainties come up from time to time, and it is impossible to predict these events or how they may affect EXL. EXL has no obligation to update any forward-looking statements after the date hereof, except as required by federal securities laws.
Our top-performing stocks this quarter were Samsung Electronics, Shell and Lam Research. Our worst contributors were IQVIA, American Express and Heidelberg. We exited our investments in Everest Group and PayPal during the quarter.
HAMILTON, Bermuda--(BUSINESS WIRE)--Everest Group, Ltd. (“Everest” or “the Company”) (NYSE: EG), a global specialty reinsurance and insurance leader, today announced a definitive agreement to sell Everest Compañía de Seguros Generales Colombia S.A. to American International Group, Inc. (NYSE: AIG).
The transaction builds on Everest’s previously announced sale of its global Commercial Retail Insurance renewal rights to AIG and the sale of its Canada Retail Insurance operations, marking another key step in the Company’s strategy to focus the portfolio on its core Global Reinsurance and Wholesale and Specialty Insurance businesses.
“This agreement reflects our continued progress in executing our strategy and positioning Everest for sustained, long-term performance,” said Jim Williamson, President and Chief Executive Officer of Everest. “It pairs a high-quality business with an owner well positioned to support its next phase of growth, while enabling us to strengthen leadership in the markets and capabilities where we have the strongest competitive advantage. The Colombia team has built a respected franchise, and we are confident it will continue to build on that momentum under AIG’s ownership.”
The transaction is expected to close in early 2027, subject to customary regulatory approvals and closing conditions. Advisors on the transaction include Guy Carpenter Capital & Advisory, a division of MMC Securities LLC, as financial advisor and Debevoise & Plimpton LLP as legal counsel to Everest.
About Everest
Everest Group, Ltd. (Everest) is a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions that address customers’ most pressing challenges. Known for a 50-year track record of disciplined underwriting, capital and risk management, Everest, through its global operating affiliates, is committed to underwriting opportunity for colleagues, customers, shareholders, and communities worldwide.
Everest common stock (NYSE: EG) is a component of the S&P 500 index.
Additional information about Everest, our people, and our products can be found on our website at www.everestglobal.com.
Forward-looking Statements
This news release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and other U.S. federal securities laws. We intend these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in the U.S. federal securities laws. Forward-looking statements about the sale transaction, strategic repositioning and Commercial Retail Insurance operations exit plans reflect management’s current expectations based on assumptions we believe are reasonable but are not guarantees of performance. Actual results may differ materially from those contained in forward-looking statements made by or on behalf of the Company. Forward-looking statements involve risks and uncertainties including the actual impact of the sale transaction, strategic repositioning and Commercial Retail Insurance operations exit plans and other factors described in our SEC filings, including but not limited to our latest Annual Report on Form 10-K. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today announced it has entered into a definitive agreement to acquire Everest Compañía de Seguros Generales Colombia S.A. (“Everest Colombia”), Everest Group Ltd.’s (NYSE: EG) insurance subsidiary in Colombia. The acquisition of Everest Colombia strengthens AIG’s presence in the Latin America region and supports the company’s strategy to drive premium growth.
“This acquisition reinforces AIG’s commitment to our Latin America business and will enable us to accelerate our growth in one of the largest and fastest-growing insurance markets in the region,” said Jon Hancock, Executive Vice President and Chief Executive Officer, General Insurance, AIG. “With this acquisition, we are gaining a highly experienced team whose talent and deep understanding of the local market will strengthen our capabilities. Everest Colombia’s focus on corporate and upper-middle-market clients aligns with AIG’s commitment to expand our commercial insurance offerings to clients and brokers across the Latin America region.”
Upon completion of the transaction, subsidiaries of AIG will acquire 100 percent of the equity of Everest Colombia, including its licensed operations, employees and ongoing insurance business. AIG and Everest will work closely to ensure a seamless transition for clients, brokers and colleagues.
The transaction is expected to close in early 2027, subject to regulatory approvals and other customary closing conditions.
Evercore acted as financial advisor and Willkie Farr & Gallagher LLP and Brigard & Urrutia Abogados acted as legal counsel for AIG.
About AIG
American International Group, Inc. (NYSE: AIG) is a leading global insurance organization. AIG provides insurance solutions that help businesses and individuals in more than 200 countries and jurisdictions protect their assets and manage risks through AIG operations, licenses and authorizations as well as network partners. For additional information, visit www.aig.com. This website with additional information about AIG has been provided as a convenience, and the information contained on such website is not incorporated by reference into this press release.
AIG is the marketing name for the worldwide operations of American International Group, Inc. All products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. Products or services may not be available in all countries and jurisdictions, and coverage is subject to underwriting requirements and actual policy language. Non-insurance products and services may be provided by independent third parties. Certain property casualty coverages may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds, and insureds are therefore not protected by such funds.
Key Takeaways AIG agreed to buy Everest Colombia, gaining licensed operations, employees and insurance business.The deal expands AIG's reach in Colombia and supports commercial insurance growth in Latin America.Everest is streamlining operations to focus on Global Reinsurance and Specialty Insurance businesses. American International Group, Inc. (AIG - Free Report) recently agreed to acquire Everest Group, Ltd.’s (EG - Free Report) insurance subsidiary in Colombia, a move that is expected to strengthen AIG’s footprint in Latin America and support long-term premium growth.
The transaction includes 100% of Everest Colombia’s equity, including its licensed operations, employees and ongoing insurance business. The acquisition gives AIG greater exposure to one of Latin America’s largest and fastest-growing insurance markets while expanding its commercial insurance capabilities in the region.
Everest Colombia primarily serves corporate and upper-middle-market clients, aligning well with AIG’s broader strategy to grow its commercial insurance operations across Latin America. The deal is also expected to enhance AIG’s local distribution network and deepen relationships with brokers and clients in Colombia. The transaction is expected to be closed in early 2027. Financial terms were not disclosed.
The divestiture marks another step in Everest’s ongoing strategy to streamline operations and sharpen focus on its core Global Reinsurance and Wholesale and Specialty Insurance businesses. The transaction follows Everest’s previously announced sale of its global Commercial Retail Insurance renewal rights to AIG, as well as the sale of its Canada Retail Insurance operations.
The acquisition is expected to support AIG’s efforts to expand its General Insurance business in key international markets. By adding an established local platform, experienced employees and an existing client base, AIG is positioned to accelerate growth in the Latin American market. In the first quarter of 2026, its General Insurance – International Commercial unit’s net premiums written increased 21% year over year to $2.5 billion. Also, its underwriting income increased 16% year over year to $278 million.
AIG’s Stock Price PerformanceShares of AIG have gained 2.1% over the past six months compared with the industry’s of 2.8% growth.
Image Source: Zacks Investment Research
AIG’s Zacks Rank & Key PicksAIG currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader Finance space are Hamilton Insurance Group, Ltd. (HG - Free Report) , and First American Financial Corporation (FAF - Free Report) , both sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Hamilton Insurance’s 2026 earnings is pegged at $2.87 per share, which moved up 49 cents over the past 30 days. HG beat earnings estimates in each of the trailing four quarters, with the average surprise being 84.8%. The consensus estimate for 2026 revenues is pinned at $2.87 billion.
The Zacks Consensus Estimate for First American’s 2026 earnings is pegged at $6.83 per share, indicating 12.9% year-over-year growth. FAF beat earnings estimates in each of the trailing four quarters, with the average surprise being 22%. The consensus estimate for 2026 revenues is pinned at $8.05 billion, implying 8% year-over-year growth.
HAMILTON, Bermuda--(BUSINESS WIRE)--Everest Group, Ltd. (NYSE: RE) (“Everest”), a global underwriting leader, today announced the inaugural recipient of the Joseph V. Taranto Scholarship, an annual renewable award and part of the company’s broader commitment to expanding opportunity and developing the next generation of leaders.
Established by Everest and its Board of Directors in honor of former Chairman Joseph V. Taranto, the scholarship supports a college‑bound student who demonstrates academic excellence, financial need, and the qualities that have long defined both Everest and Mr. Taranto’s leadership: integrity, discipline, intellectual curiosity, and a commitment to service.
“Developing people and creating opportunity are fundamental to how we operate at Everest,” said Jim Williamson, Everest President and Chief Executive Officer. “This scholarship reflects our long-term commitment to investing in talent, both within our organization and in the communities we serve. It is one of many ways we’re helping build the next generation of leaders.”
The recipient was selected through a competitive process that assessed academic achievement, character, ambition, and alignment with Everest’s values.
The scholarship is part of Everest’s wider approach to “underwriting opportunity” through a combination of educational initiatives, community partnerships, and ongoing talent development programs designed to expand access and cultivate future industry leaders.
“I am deeply honored to have this scholarship carry my name,” said Joseph V. Taranto, former Chairman of Everest. “Throughout my career, I’ve believed that creating opportunities for others is the most meaningful legacy any leader can leave. Supporting young people with drive and ability is an investment that pays dividends in a broad and far-reaching way.”
The Joseph V. Taranto Scholarship complements Everest’s broader philanthropic and talent initiatives, including global giving programs, employee volunteerism, and internal development efforts that support continuous learning and career growth across the organization.
Through these efforts, Everest continues to advance its mission to “underwrite opportunity” for colleagues, customers, shareholders, and communities worldwide.
About Everest
Everest Group, Ltd. (Everest) is a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions that address customers’ most pressing challenges. Known for a 50-year track record of disciplined underwriting, capital and risk management, Everest, through its global operating affiliates, is committed to underwriting opportunity for colleagues, customers, shareholders, and communities worldwide.
Everest common stock (NYSE: EG) is a component of the S&P 500 index.
Additional information about Everest, our people, and our products can be found on our website at www.everestglobal.com.
Everest Group, Ltd. (NYSE: RE) (“Everest”), a global underwriting leader, today announced the inaugural recipient of the Joseph V. Taranto Scholarship, an annual renewable award and part of the company’s broader commitment to expanding opportunity and developing the next generation of leaders.
Established by Everest and its Board of Directors in honor of former Chairman Joseph V. Taranto, the scholarship supports a college‑bound student who demonstrates academic excellence, financial need, and the qualities that have long defined both Everest and Mr. Taranto’s leadership: integrity, discipline, intellectual curiosity, and a commitment to service.
“Developing people and creating opportunity are fundamental to how we operate at Everest,” said Jim Williamson, Everest President and Chief Executive Officer. “This scholarship reflects our long-term commitment to investing in talent, both within our organization and in the communities we serve. It is one of many ways we’re helping build the next generation of leaders.”
The recipient was selected through a competitive process that assessed academic achievement, character, ambition, and alignment with Everest’s values.
The scholarship is part of Everest’s wider approach to “underwriting opportunity” through a combination of educational initiatives, community partnerships, and ongoing talent development programs designed to expand access and cultivate future industry leaders.
“I am deeply honored to have this scholarship carry my name,” said Joseph V. Taranto, former Chairman of Everest. “Throughout my career, I’ve believed that creating opportunities for others is the most meaningful legacy any leader can leave. Supporting young people with drive and ability is an investment that pays dividends in a broad and far-reaching way.”
The Joseph V. Taranto Scholarship complements Everest’s broader philanthropic and talent initiatives, including global giving programs, employee volunteerism, and internal development efforts that support continuous learning and career growth across the organization.
Through these efforts, Everest continues to advance its mission to “underwrite opportunity” for colleagues, customers, shareholders, and communities worldwide.
About Everest
Everest Group, Ltd. (Everest) is a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions that address customers’ most pressing challenges. Known for a 50-year track record of disciplined underwriting, capital and risk management, Everest, through its global operating affiliates, is committed to underwriting opportunity for colleagues, customers, shareholders, and communities worldwide.
Everest common stock (NYSE: EG) is a component of the S&P 500 index.
Additional information about Everest, our people, and our products can be found on our website at www.everestglobal.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260521447386/en/
ORLANDO, Fla.--(BUSINESS WIRE)--Everest Group has recognized Simform as an Aspirant in the Software Product Engineering Services PEAK Matrix® Assessment 2026 - Global and EMEA.
"Everest Group's recognition reinforces our investment in scalable engineering - our PexAI framework helps organizations harness AI across the SDLC, driving faster innovation and long-term value." - Prayaag Kasundra, CEO of Simform
Share The recognition highlights Simform’s capabilities in helping organizations design, build, and scale modern digital products through product engineering expertise, cloud platforms, AI-driven engineering practices, and reusable accelerators.
As enterprises modernize digital platforms and embed AI across products and development workflows, they are seeking partners that accelerate innovation while maintaining quality, governance, and cost discipline. Simform’s inclusion reflects its role as a strategic engineering partner for enterprises, digital-native businesses, and ISVs building scalable products and platforms.
Changing Expectations for Software Product Engineering Partners
Software product engineering is entering a new phase as AI becomes embedded across both products and the software development lifecycle (SDLC).
Organizations are modernizing legacy platforms, adopting microservices architectures, and applying AI-assisted development practices to accelerate releases and improve code quality.
These shifts are driving demand for partners that combine product engineering depth, reusable accelerators, scalable delivery models, and commercial accountability.
Simform’s inclusion in Everest Group’s Software Product Engineering Services PEAK Matrix® reflects the company’s growing momentum in helping organizations modernize platforms, strengthen engineering productivity, and integrate AI-enabled capabilities across complex software ecosystems.
AI-Powered Engineering Practices Across the SDLC
To support this shift, Simform has developed an AI-native product engineering model combining cross-functional engineering pods, reusable accelerators, and AI-assisted development practices.
At the center of this model is PexAI, Simform’s flagship product engineering excellence framework. PexAI combines reusable blueprints, engineering objective frameworks, and modernization accelerators that help teams standardize architecture, streamline workflows, and scale delivery.
The framework supports modernization initiatives such as microservices architecture, cloud re-platforming, and UI transformation while enabling platform engineering through modular architectures, API-first design, AI/ML capabilities, Agentic AI-features, and data integration.
Simform applies AI across the SDLC through PexAI-driven workflows that automate tech-stack specific task/workflow based code generation, pull request reviews, infrastructure-as-code pipelines, and shift-left testing and security. This enables AI-native engineers to combine human expertise with governed AI-assisted workflows that improve productivity while maintaining reliability and compliance.
Supporting this model are proprietary accelerators such as NeuVantage, which helps teams analyze and modernize legacy applications faster, CodeTools, which enables GitHub Copilot templates, workflow agents, and automation patterns, and ThoughtMesh, which supports enterprise-grade Agentic AI use cases, including corrective RAG and agentic architectures.
Together, these frameworks help teams reduce routine development work, improve code quality, and focus on product strategy and architecture.
Moving from Capacity-Based Engineering to Outcome-Led Delivery
As software platforms become central to enterprise growth, organizations increasingly expect partners to align delivery with measurable outcomes rather than purely capacity-based engagement models.
Simform’s co-engineering approach supports this shift by embedding engineering teams within client product organizations and aligning delivery around platform modernization milestones, engineering productivity improvements, and product innovation goals. Simform is also evolving toward outcome-based commercial models where pricing is increasingly aligned with clearly defined roadmap milestones and product outcomes. For example, modernization engagements may be tied to measurable platform improvements such as successful microservices migration, release cycle acceleration, or performance gains, while product engineering programs may link commercial models to feature delivery velocity, platform stability, or engineering productivity improvements. This approach helps clients align engineering investment with tangible progress while maintaining transparency and accountability across long-running product initiatives.
“We believe software product engineering should ultimately be measured by outcomes in some ways and how effectively teams can modernize platforms, accelerate innovation, and deliver lasting business value,” said Prayaag Kasundra, CEO of Simform.
“Our PexAI framework and co-engineering delivery model help organizations harness AI across the software development lifecycle while aligning engineering execution with meaningful product and business outcomes. This recognition from Everest Group reinforces the investments we have made in building scalable engineering capabilities that enable faster innovation and long-term value for our clients.”
Transforming and Scaling Platforms with Intelligent Automation
The role of AI in platform engineering is undergoing a fundamental shift - moving from isolated automation scripts to intelligent, agentic workflows that reshape how software products are designed, built, and scaled. It is transforming the end-to-end software delivery lifecycle - from predictive resource optimization and automated security remediation to self-healing observability and CI/CD pipelines. Companies that can operationalize these capabilities at scale are pulling ahead.
"Our PexAI Framework and AI-native practices help ISVs, Digital Native, and forward-looking enterprises to modernize platforms, ship faster, improve software quality, and reduce technical debt. We have come up with Enablement offerings to enable platform and development teams with AI-native practices too," said Hiren Dhaduk, CTO of Simform.
Building AI-Native GCC and CoE
Having built excellent AI-Native engineering practices, Simform is helping software engineering teams of ISVs and enterprises adopt these advanced and mature Agentic SDLC practices to accelerate roadmaps. Simform is also partnering with customers to launch AI-Native GCC in India to double down on the value realization of engineering investments.
In addition to enabling these teams with AI-native practices, Simform helps define the operating model, governance approach, and engineering workflows needed to make GCCs and CoEs productive from the start. By combining co-engineering expertise with frameworks such as PexAI and AI-assisted SDLC practices, Simform helps organizations scale engineering capacity, improve software quality, and turn GCCs into long-term innovation engines rather than delivery-only units.
To learn more about what this shift in software product engineering means for enterprise customers, read the blog published alongside this announcement.
About Simform
Simform is a digital engineering company specializing in Cloud, Data, AI, and Experience Engineering. With deep expertise across Microsoft Azure, Simform helps high-growth ISVs and tech-enabled enterprises build scalable, future-ready digital products and platforms through its co-engineering delivery model. With a rich heritage in Microsoft technologies, Simform is recognized as a Solution Partner for Digital and App Innovation, Data & AI, Infrastructure and Security. Our team boasts 340+ Azure-certified infrastructure, cloud-native applications, data, AI and security engineers. With more than 15 years of experience, Simform delivers solutions for high-tech, fintech, healthcare & life sciences, supply chain & logistics, retail & ecommerce, and professional services industries.
It has been about a month since the last earnings report for Everest Group (EG - Free Report) . Shares have lost about 6.6% in that time frame, underperforming the S&P 500.
But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Everest Group due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.
Everest Q1 Earnings Top, Revenues Miss Estimates, Premiums Decline Y/Y
Everest Group, Ltd. reported first-quarter 2026 operating income of $16.08 per share, which beat the Zacks Consensus Estimate by 14.6%. The bottom line increased significantly 149% year over year. Everest Group benefited from solid investment income growth and improved catastrophe losses, which driving a sharp improvement in profitability despite weaker premiums and top-line pressure.
EG’s Q1 Operational UpdateTotal operating revenues of about $4 billion declined 4.6% year over year, reflecting lower premiums. The top line missed the Zacks Consensus Estimate by 7.7%. Gross written premiums fell 18.5% year over year to $3.6 billion, reflecting an 8.5% decline in Reinsurance Treaty, partially offset by growth in Global Wholesale &Specialty. Our estimate was $4.8 billion.
Net investment income rose 15.5% year over year to $567 million, driven by a larger asset base and strong alternative investment returns. The figure exceeded our estimate of $491 million and the Zacks Consensus Estimate of $513 million.
Total claims and expenses declined 17% to $3.3 billion, primarily due to lower incurred losses and loss adjustment expenses, commissions, brokerage, taxes and fees. Our estimate was $3.7 billion. Underwriting income totaled $316 million in contrast to an underwriting loss of $104 million in the year-ago quarter. Pre-tax catastrophe losses, net of recoveries and reinstatement premiums, were $130 million, narrower than $472 million a year ago. The combined ratio improved 1160 basis points year over year to 91.2. The Zacks Consensus Estimate was 94.2, while our estimate was 93.9.
Q1 Segmental Update of Everest GroupReinsurance Treaty segment generated gross written premiums of $2.7 billion, down 8.5% year over year and below our estimate of $3.6 billion. The decline reflected lower volumes in Property Non-Catastrophe XOL, Casualty Pro-Rata and Casualty XOL, which were offset by growth in Property Catastrophe XOL and Financial Lines. The segment’s combined ratio improved to 87.2 from 104.7 a year ago. Our estimate was 91.
Global Wholesale & Specialty segment posted gross written premiums of $793 million, up 1.6% year over year. Higher premiums in Accident and Health and Other Specialty were offset by declines in Property / Short Tail, Specialty Casualty, Professional Liability and Workers' Compensation. The combined ratio improved 110 basis points year over year to 96.8. Our estimate was 100.4.
Legacy Segment posted gross written premium declined sharply by 80.3% year over year to $135 million, reflects a limited volume of renewal and new policies tied to the commercial retail insurance business. Net premiums earned fell 26.1% year over year to $399 million. Underwriting loss widened to $22 million from $14 million incurred in the year ago quarter.
EG’s Financial UpdateEverest Group exited the first quarter of 2026 with total investments and cash of $45 billion, up 0.9% from the 2025-end level. Shareholders’ equity fell 1.3% year over year to $15.3 billion. Book value per share increased 1% year over year to $383.75 as of March 31, 2026.
Annualized net income return on equity improved 1110 basis points year over year to 16.8%. Cash flow from operations totaled $649 million for the year, down 30.1% year over year.
Capital Deployment of EGEG paid common share dividends of $80 million, or $2 per share, during the reported quarter. It repurchased $331 million worth of shares in this quarter.
How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a downward trend in estimates review.
VGM ScoresCurrently, Everest Group has a subpar Growth Score of D, a grade with the same score on the momentum front. However, the stock was allocated a grade of A on the value side, putting it in the top 20% for this investment strategy.
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, Everest Group has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry PlayerEverest Group is part of the Zacks Insurance - Multi line industry. Over the past month, Markel Group (MKL - Free Report) , a stock from the same industry, has gained 4.2%. The company reported its results for the quarter ended March 2026 more than a month ago.
Markel Group reported revenues of $3.55 billion in the last reported quarter, representing a year-over-year change of +0.1%. EPS of $21.61 for the same period compares with $25.72 a year ago.
For the current quarter, Markel Group is expected to post earnings of $30.20 per share, indicating a change of +18.6% from the year-ago quarter. The Zacks Consensus Estimate has changed -0.3% over the last 30 days.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Markel Group. Also, the stock has a VGM Score of D.
Civorebrutinib is an investigational oral, covalent reversible BTK inhibitor designed to provide differentiated efficacy, safety and convenience in immune-mediated kidney diseases
Civorebrutinib adds pipeline-in-a-product potential across multiple rare kidney diseases, expanding and diversifying Travere’s pipeline
Company to host conference call June 2, 2026 at 8:30 a.m. ET
SAN DIEGO--(BUSINESS WIRE)--Travere Therapeutics, Inc., (Nasdaq: TVTX) today announced that it has entered into an exclusive licensing and collaboration agreement with Everest Medicines for the development and commercialization of civorebrutinib (also known as EVER001), a potential best-in-class oral, covalent reversible Bruton’s tyrosine kinase (BTK) inhibitor in all markets outside China and certain countries in East and Southeast Asia.
Civorebrutinib represents a strategic and complementary addition to our rare kidney disease portfolio, with the potential to become a best-in-class therapy across multiple immune-mediated rare kidney diseases.
Share “Civorebrutinib represents a strategic and complementary addition to our rare kidney disease portfolio, with the potential to become a best-in-class therapy across multiple immune-mediated rare kidney diseases,” said Eric Dube, Ph.D., president and chief executive officer of Travere Therapeutics. “Patients living with rare kidney diseases still face significant unmet need, and we believe the progress made to date in IgAN and FSGS is only the beginning of what is possible for these communities. Travere has helped to deliver important firsts in these diseases, and we believe our expertise, infrastructure and deep commitment to the rare kidney community position us well to continue advancing innovation for patients. With proof-of-concept data in primary membranous nephropathy, a differentiated profile as an oral, reversible BTK inhibitor, and expected broad mechanistic applicability across diseases such as immune-mediated FSGS, minimal change disease and beyond, we believe civorebrutinib has the potential to meaningfully advance the treatment paradigm for rare kidney disease patients.”
“This collaboration with Travere brings together deep expertise in kidney disease development and commercialization and we look forward to advancing civorebrutinib in primary membranous nephropathy, immune-mediated FSGS, and minimal change disease, delivering transformative therapies for patients with serious kidney diseases worldwide,” said Mr. Yifang Wu, Chairman of the Board of Everest Medicines. “As a differentiated, potential best-in-class therapy, civorebrutinib has demonstrated encouraging efficacy in primary membranous nephropathy. With its highly selective and reversible covalent mechanism of action, it is well positioned to advance in development across multiple immune-mediated kidney indications. Everest remains committed to our dual-engine strategy of business development partnerships and in-house R&D. This collaboration will accelerate the global development and potential commercialization of civorebrutinib, expanding its clinical and future commercial value in autoimmune kidney diseases and the ability to deliver more innovative treatment options to patients.”
Civorebrutinib is an investigational oral, covalent reversible BTK inhibitor designed to provide differentiated efficacy, safety and convenience for patients with rare, immune-mediated kidney diseases, including primary membranous nephropathy (PMN), with planned evaluation in focal segmental glomerulosclerosis (FSGS), minimal change disease (MCD) and potentially additional indications. BTK is a key mediator of B-cell receptor signaling and plays an important role in B-cell activation, maturation, proliferation, and differentiation into antibody-producing cells.
In immune-mediated kidney diseases, B-cell activation and autoantibody production are believed to contribute directly to kidney injury. Civorebrutinib has demonstrated proof of concept in a Phase 1/2 clinical trial of patients with PMN. The previously reported Phase 1/2 data demonstrated rapid and sustained reductions in anti-PLA2R autoantibodies and proteinuria, with high rates of immunologic and clinical remission and stable kidney function through 52 weeks of follow-up. Civorebrutinib has been generally well tolerated throughout the development program to date.
As innovation in rare kidney diseases continues to accelerate, patients still face significant unmet need and limited treatment options across many serious conditions. Civorebrutinib has the potential to serve as a pipeline-in-a-product across multiple immune-mediated kidney diseases. Travere plans to investigate civorebrutinib in PMN, immune-mediated FSGS and MCD, with the potential for additional indications. These diseases share immune-mediated mechanisms that can lead to glomerular damage, resulting in proteinuria and impaired kidney function that may ultimately require dialysis or transplant. Civorebrutinib may also broaden future treatment approaches in FSGS, where both nephroprotective and targeted immune control approaches may play important roles.
Under the terms of the agreement, Everest will receive an upfront payment of $112.5 million in exchange for granting Travere exclusive development and commercialization rights for civorebrutinib in all markets outside of China and certain countries in East and Southeast Asia. Everest is also eligible to receive up to approximately $1.03 billion in additional cash payments tied to specified clinical development, regulatory and commercial milestones across up to five indications. Travere will also pay tiered royalties on future sales in its licensed territories, ranging from high single-digit to double-digit percentages based on annual net sales thresholds. The license agreement will become effective upon satisfaction of customary conditions, including expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.
Conference Call Information
Travere Therapeutics will host a conference call and webcast today, Tuesday, June 2, 2026, at 8:30 a.m. ET. To participate in the conference call, dial +1 (833) 461-5787 (U.S.) or +1 (585) 542-9983 (International), conference ID 574 733 925 shortly before 8:30 a.m. ET. The webcast can be accessed on the Investor page of Travere’s website at ir.travere.com/events-and-presentations. Following the live webcast, an archived version of the call will be available for 30 days on the Company’s website.
About Civorebrutinib
Civorebrutinib (also known as EVER001) is a next-generation covalent reversible Bruton's tyrosine kinase (BTK) inhibitor in development globally for the treatment of renal diseases. BTK is an essential component of the B-cell receptor signaling pathways that regulate the survival, activation, proliferation, and differentiation of B lymphocytes. Targeting BTK with small molecule inhibitors has been demonstrated to be an effective treatment option for B-cell autoimmune diseases.
About Travere Therapeutics
At Travere Therapeutics, we are in rare for life. We are a biopharmaceutical company that comes together every day to help patients, families and caregivers of all backgrounds as they navigate life with a rare disease. On this path, we know the need for treatment options is urgent – that is why our global team works with the rare disease community to identify, develop and deliver life-changing therapies. In pursuit of this mission, we continuously seek to understand the diverse perspectives of rare patients and to courageously forge new paths to make a difference in their lives and provide hope – today and tomorrow. For more information, visit travere.com.
About Everest Medicines
Everest Medicines is a biopharmaceutical company focused on discovering, developing, manufacturing and commercializing innovative pharmaceutical products that address critical unmet medical needs for patients in global markets. The management team of Everest Medicines has deep expertise and an extensive track record both in China and with leading global pharmaceutical companies.
The Company’s therapeutic areas of focus include CKM (cardiovascular, kidney, and metabolic), autoimmune, ophthalmology and critical care. Everest Medicines has developed a fully integrated commercialization platform that combines omnichannel commercial capabilities with end-to-end product lifecycle management. Leveraging its proprietary mRNA platform, the Company is advancing its existing pipeline, including mRNA in vivo CAR-T and mRNA cancer vaccines, while selectively expanding into additional high-value therapeutic areas with blockbuster potential, and accelerating its global expansion. For more information, please visit the Company’s website: www.everestmedicines.com.
Forward Looking Statements
This press release contains “forward-looking statements” as that term is defined in the Private Securities Litigation Reform Act of 1995. Without limiting the foregoing, these statements are often identified by the words “on-track,” “positioned,” “look forward to,” “will,” “would,” “may,” “might,” “believes,” “anticipates,” “plans,” “expects,” “intends,” “potential,” or similar expressions. In addition, expressions of strategies, intentions or plans are also forward-looking statements. Such forward-looking statements include, but are not limited to, references to: statements regarding the Company's beliefs about the future potential of its pipeline and portfolio; statements regarding the Company's capabilities, competitive positioning, and strategic plans; statements and expectations regarding the potential of civorebrutinib to serve as a pipeline-in-a-product and to potentially become a best-in-class therapy across multiple immune-mediated kidney diseases, and its potential to provide differentiated efficacy, safety and convenience for the indications described herein; statements and expectations regarding the expected broad mechanistic applicability across diseases; statements and expectations regarding future treatment approaches and paradigms; statements and expectations regarding the clinical studies and data described herein; statements and expectations regarding potential future payments (including upfront, milestone and royalty payments) and, as applicable, the potential achievement and timing thereof; statements and expectations regarding the activities of the Company’s partners and collaborators; and statements related to the estimated sizes of patient populations. Such forward-looking statements are based on current expectations and involve inherent risks and uncertainties, including factors that could delay, divert or change any of them, and could cause actual outcomes and results to differ materially from current expectations. No forward-looking statement can be guaranteed. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties related to the license agreement with Everest, including the ability of the parties to obtain required regulatory approvals and satisfy other applicable conditions, and the ability of the Company to successfully advance the product through clinical trials toward potential future regulatory approval. The Company also faces risks and uncertainties related to its business and finances in general, the success of its commercial products, risks and uncertainties associated with its preclinical and clinical stage pipeline, risks and uncertainties associated with the regulatory review and approval process, risks and uncertainties associated with enrollment of clinical trials for rare diseases, and risks that ongoing or planned clinical trials may not succeed or may be delayed for safety, regulatory or other reasons. Specifically, the Company faces risks associated with the commercial launch of FILSPARI in FSGS and the ongoing commercialization in IgAN, the timing and potential outcome of its and its partners’ clinical studies, market acceptance of its commercial products including efficacy, safety, price, reimbursement, and benefit over competing therapies, risks related to the challenges of manufacturing scale-up, risks associated with the successful development and execution of commercial strategies for such products, including FILSPARI, and risks and uncertainties related to the current administration, including but not limited to risks and uncertainties related to tariffs and the funding, staffing and prioritization of resources at government agencies including the FDA. The Company also faces the risk that it will be unable to raise additional funding that may be required to complete development of any or all of its product candidates, including as a result of macroeconomic conditions; risks relating to the Company’s dependence on contractors for clinical drug supply and commercial manufacturing; uncertainties relating to patent protection and exclusivity periods and intellectual property rights of third parties; risks associated with regulatory interactions; and risks and uncertainties relating to competitive products, including current and potential future generic competition with certain of the Company’s products, including potential ANDA filings or patent challenges, and technological changes that may limit demand for the Company’s products. The Company also faces additional risks associated with global and macroeconomic conditions, including health epidemics and pandemics, including risks related to potential disruptions to clinical trials, commercialization activity, supply chain, and manufacturing operations. You are cautioned not to place undue reliance on these forward-looking statements as there are important factors that could cause actual results to differ materially from those in forward-looking statements, many of which are beyond our control. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. Investors are referred to the full discussion of risks and uncertainties, including under the heading “Risk Factors”, as included in the Company’s most recent Form 10-K, Form 10-Q and other filings with the Securities and Exchange Commission.
Travere Therapeutics said on Tuesday it has signed a licensing pact with privately held biotech Everest Medicines to develop and commercialize an experimental kidney disease drug in a deal worth up to $1.14 billion.
Everest Group benefits from underwriting discipline, rising investment income and global expansion while returning significant capital to shareholders.
Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.
That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.
However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects.
EOG Resources (EOG - Free Report) is on the list of such stocks currently recommended by our proprietary system. In addition to a favorable Growth Score, it carries a top Zacks Rank.
Research shows that stocks carrying the best growth features consistently beat the market. And returns are even better for stocks that possess the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy).
While there are numerous reasons why the stock of this oil and gas company is a great growth pick right now, we have highlighted three of the most important factors below:
Earnings GrowthArguably nothing is more important than earnings growth, as surging profit levels is what most investors are after. And for growth investors, double-digit earnings growth is definitely preferable, and often an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for EOG Resources is 7.8%, investors should actually focus on the projected growth. The company's EPS is expected to grow 45.8% this year, crushing the industry average, which calls for EPS growth of 45%.
Impressive Asset Utilization RatioAsset utilization ratio -- also known as sales-to-total-assets (S/TA) ratio -- is often overlooked by investors, but it is an important indicator in growth investing. This metric exhibits how efficiently a firm is utilizing its assets to generate sales.
Right now, EOG Resources has an S/TA ratio of 0.47, which means that the company gets $0.47 in sales for each dollar in assets. Comparing this to the industry average of 0.36, it can be said that the company is more efficient.
While the level of efficiency in generating sales matters a lot, so does the sales growth of a company. And EOG Resources is well positioned from a sales growth perspective too. The company's sales are expected to grow 21.5% this year versus the industry average of 7.6%.
Promising Earnings Estimate RevisionsBeyond the metrics outlined above, investors should consider the trend in earnings estimate revisions. A positive trend is a plus here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
The current-year earnings estimates for EOG Resources have been revising upward. The Zacks Consensus Estimate for the current year has surged 15.1% over the past month.
Bottom LineEOG Resources has not only earned a Growth Score of B based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #1 because of the positive earnings estimate revisions.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination positions EOG Resources well for outperformance, so growth investors may want to bet on it.
Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- EOG Resources, Inc. (EOG) is scheduled to present at the Bernstein Strategic Decisions Conference at 10:00 a.m. Central time (11:00 a.m. Eastern time) on Wednesday, May 27. Ezra Y. Yacob, Chairman and Chief Executive Officer, will present on behalf of EOG.
Please visit the Investors/Events & Presentations page on the EOG website to access live webcasts and any available replays for up to one year.
About EOG
EOG Resources, Inc. (NYSE: EOG) is one of the largest crude oil and natural gas exploration and production companies in the United States with proved reserves in the United States and Trinidad. To learn more visit www.eogresources.com.
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores? The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +23.7% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: EOG Resources (EOG - Free Report) Headquartered in Houston, TX, EOG Resources Inc. is primarily engaged in the exploration and production of crude oil, natural gas liquids (NGLs) and natural gas. While the company maintains operations in the United States and Trinidad, the vast majority of its activities are concentrated across oil-rich resource plays in the United States.
EOG is a #2 (Buy) on the Zacks Rank, with a VGM Score of A.
Momentum investors should take note of this Oils-Energy stock. EOG has a Momentum Style Score of A, and shares are up 0.4% over the past four weeks.
For fiscal 2026, eight analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $5.33 to $14.76 per share. EOG boasts an average earnings surprise of +7.7%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, EOG should be on investors' short list.
This dividend growth portfolio optimizes for payout ratios, EBITDA yield, and dividend growth, focusing on Dow Dividend 100 constituents. EOG Resources, Comcast, and Accenture receive the highest portfolio weights based on a multi-factor scoring system. The weighted portfolio offers a 3.28% forward dividend yield and a 12.4% five-year dividend CAGR.
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores? The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
#1 (Strong Buy) stocks have produced an unmatched +23.7% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: EOG Resources (EOG - Free Report) Headquartered in Houston, TX, EOG Resources Inc. is primarily engaged in the exploration and production of crude oil, natural gas liquids (NGLs) and natural gas. While the company maintains operations in the United States and Trinidad, the vast majority of its activities are concentrated across oil-rich resource plays in the United States.
EOG is a #2 (Buy) on the Zacks Rank, with a VGM Score of A.
It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 9.14; value investors should take notice.
Eight analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $5.33 to $14.76 per share. EOG also boasts an average earnings surprise of +7.7%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, EOG should be on investors' short list.
EOG Resources (EOG - Free Report) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving.
The upward trend in estimate revisions for this oil and gas company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. This insight is at the core of our stock rating tool -- the Zacks Rank.
The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008.
For EOG Resources, there has been strong agreement among the covering analysts in raising earnings estimates, which has helped push consensus estimates considerably higher for the next quarter and full year.
The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate:
12 Month EPS
Current-Quarter Estimate RevisionsThe earnings estimate of $4.08 per share for the current quarter represents a change of +75.9% from the number reported a year ago.
Over the last 30 days, the Zacks Consensus Estimate for EOG Resources has increased 5.58% because four estimates have moved higher compared to no negative revisions.
Current-Year Estimate RevisionsFor the full year, the earnings estimate of $14.83 per share represents a change of +46.0% from the year-ago number.
In terms of estimate revisions, the trend for the current year also appears quite encouraging for EOG Resources. Over the past month, six estimates have moved higher compared to one negative revision, helping the consensus estimate increase 10.88%.
Favorable Zacks RankThe promising estimate revisions have helped EOG Resources earn a Zacks Rank #2 (Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500.
Bottom LineEOG Resources shares have added 9.2% over the past four weeks, suggesting that investors are betting on its impressive estimate revisions. So, you may consider adding it to your portfolio right away to benefit from its earnings growth prospects.
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In "long context," investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.
Below, we take a look at EOG Resources (EOG - Free Report) , a company that currently holds a Momentum Style Score of B. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. EOG Resources currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period.
You can see the current list of Zacks #1 Rank Stocks here >>>
Set to Beat the Market?Let's discuss some of the components of the Momentum Style Score for EOG that show why this oil and gas company shows promise as a solid momentum pick.
A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.
For EOG, shares are up 7.87% over the past week while the Zacks Oil and Gas - Exploration and Production - United States industry is up 2.68% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 8.96% compares favorably with the industry's 2.56% performance as well.
While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Shares of EOG Resources have increased 16.65% over the past quarter, and have gained 28.18% in the last year. In comparison, the S&P 500 has only moved 7.46% and 24.67%, respectively.
Investors should also pay attention to EOG's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. EOG is currently averaging 3,607,223 shares for the last 20 days.
Earnings OutlookThe Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with EOG.
Over the past two months, 8 earnings estimates moved higher compared to 1 lower for the full year. These revisions helped boost EOG's consensus estimate, increasing from $10.48 to $14.83 in the past 60 days. Looking at the next fiscal year, 9 estimates have moved upwards while there have been no downward revisions in the same time period.
Bottom LineTaking into account all of these elements, it should come as no surprise that EOG is a #2 (Buy) stock with a Momentum Score of B. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep EOG Resources on your short list.
Here are three stocks with buy rank and strong income characteristics for investors to consider today, May 21:
Upbound Group, Inc. (UPBD - Free Report) : This technology and data-driven company witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.6% the last 60 days.
This Zacks Rank #1 company has a dividend yield of 9.1%, compared with the industry average of 1.8%.
EOG Resources, Inc. (EOG - Free Report) : This oil and gas company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 41.5% the last 60 days.
This Zacks Rank #1 company has a dividend yield of 2.8%, compared with the industry average of 0.0%.
Arko Corp. (ARKO - Free Report) : This retail convenience store company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 11.5% in the last 60 days.
This Zacks Rank #1 company has a dividend yield of 1.7%, compared with the industry average of 0.0%.
See the full list of top ranked stocks here.
Find more top income stocks with some of our great premium screens.
EOG Resources is positioned for stellar 2026 performance, driven by elevated oil prices and minimal hedging, enabling full upside capture. EOG expects to generate $8.5 billion in free cash flow in 2026, up from $4.8 billion in 2025, supporting robust shareholder returns. Management prioritizes aggressive share buybacks over special dividends, enhancing per-share metrics and enabling sustainable dividend growth.
EOG Resources (EOG - Free Report) appears an attractive pick, as it has been recently upgraded 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 Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.
Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.
Therefore, the Zacks rating upgrade for EOG Resources 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 transaction of large amounts of shares then leads to price movement for the stock.
For EOG Resources, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push 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 EOG ResourcesThis oil and gas company is expected to earn $15.40 per share for the fiscal year ending December 2026, which represents no year-over-year change.
Analysts have been steadily raising their estimates for EOG Resources. Over the past three months, the Zacks Consensus Estimate for the company has increased 67.3%.
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 EOG Resources 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.
Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- EOG Resources, Inc. (EOG) is scheduled to present at the J.P. Morgan Energy, Power, Renewables and Mining Conference at 7:35 a.m. Central time (8:35 a.m. Eastern time) on Tuesday, June 23. Jeffrey R. Leitzell, Executive Vice President and Chief Operating Officer, will present on behalf of EOG.
Please visit the Investors/Events & Presentations page on the EOG website to access live webcasts and any available replays for up to one year.
About EOG
EOG Resources, Inc. (NYSE: EOG) is one of the largest crude oil and natural gas exploration and production companies in the United States with proved reserves in the United States and Trinidad. To learn more visit www.eogresources.com.
A month has gone by since the last earnings report for EOG Resources (EOG - Free Report) . Shares have added about 5.1% in that time frame, outperforming the S&P 500.
But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is EOG Resources due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the latest earnings report in order to get a better handle on the important catalysts.
EOG Q1 Earnings Beat EstimatesEOG Resources posted adjusted earnings of $3.41 per share in the first quarter of 2026, up 18.8% from the year-ago level of $2.87. The bottom line beat the Zacks Consensus Estimate for earnings of $3.07 by 11.1%.
Total revenues of $6.92 billion increased 22.1% year over year and beat the consensus mark of $6.3 billion.
Strong quarterly results were supported by higher production, with total crude-oil-equivalent volumes averaging 1,383.8 MBoe/d in the quarter, reflecting strong production execution.
EOG Profitability Gains Reflect Higher Output
EOG Resources showed solid leverage to production growth. Net income was $2 billion, translating to reported earnings of $3.70 per share, while adjusted net income was $1.8 billion. Income taxes totaled $575 million, implying an effective tax rate of 22.5% in the period.
Cost control helped keep the earnings flow-through intact even as activity remained elevated. Lease and well expenses were $462 million, and depreciation, depletion and amortization was $1.19 billion. For investors, the quarter reinforced that EOG’s earnings power is being driven by a combination of operating scale and steady expense execution.
EOG Resources Mix Skews Toward Crude & Marketing
EOG Resources’ top-line composition highlighted the importance of product and midstream-linked contributions. Revenues from crude oil and condensate were $3.58 billion, while natural gas liquids generated $664 million and natural gas contributed $1.02 billion. In total, revenues from sales of crude oil and condensate, NGLs, and natural gas were $5.26 billion.
The company also recorded $1.50 billion in gathering, processing and marketing revenues, which can add variability to reported revenues, depending on volumes and market conditions. Other items included $113 million in gains on mark-to-market derivative contracts and $31 million in gains on asset dispositions, helping round out operating revenues during the quarter.
EOG Volume & Price Data Point to Liquids’ Strength
EOG delivered a clear year-over-year step-up in liquids volumes. Crude oil and condensate volumes rose to 548.5 MBbld from 502.1 MBbld in the year-ago quarter. Natural gas liquids volumes increased to 332.1 MBbld from 241.7 MBbld, while natural gas volumes climbed to 3,020 MMcfd from 2,080 MMcfd.
Realized pricing provided added support on the liquids side. Composite crude oil and condensate pricing averaged $72.47 per barrel versus $72.87 a year ago, while NGL pricing averaged $22.20 per barrel compared with $26.29. Natural gas pricing improved to $3.76 per Mcf from $3.41, reflecting a stronger gas price environment than the prior-year quarter.
EOG Resources Cash Generation Fuels Returns
EOG Resources’ cash profile remained a core pillar of the quarter. Net cash provided by operating activities was $2.97 billion, while capital expenditure was $1.64 billion. That spread drove free cash flow of $1.49 billion, underscoring the company’s ability to self-fund its program and still return meaningful capital.
Shareholder returns remained active. EOG declared a regular quarterly dividend of $1.02 per share and paid out $544 million in regular dividends in the quarter. It also repurchased 3.2 million shares for $402 million at an average purchase price of $125 per share, ending the period with $2.9 billion remaining under its repurchase authorization.
EOG Guidance Reallocates Capital Toward Liquids
Management’s forward view emphasized portfolio flexibility. For the second quarter of 2026, EOG guided total crude-oil-equivalent volumes to 1,368.8-1,413.8 MBoed, with crude oil and condensate volumes expected at 546-551 MBod. For 2026, the total crude-oil-equivalent volume is projected at 1,373.7-1,418.7 MBoed, while crude oil and condensate volumes are guided at 546-551 MBod.
Capital spending remains anchored. The company reiterated a 2026 capital expenditure plan of $6.3-$6.7 billion. On pricing assumptions embedded in guidance, EOG expects U.S. crude oil and condensate realizations to average $2.25-$4.25 above WTI for the full year, while U.S. natural gas realizations are expected to run $1.30 below Henry Hub to 70 cents above, reflecting a planning posture that leans into liquids while managing near-term gas softness.
How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a upward trend in fresh estimates.
The consensus estimate has shifted 12.48% due to these changes.
VGM ScoresAt this time, EOG Resources has a nice Growth Score of B, a score with the same score on the momentum front. Following the exact same course, the stock was allocated a grade of B on the value side, putting it in the second quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been trending upward for the stock, and the magnitude of these revisions looks promising. Notably, EOG Resources has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +23.7% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: EOG Resources (EOG - Free Report) Headquartered in Houston, TX, EOG Resources, Inc. is an independent exploration and production company focused on crude oil, natural gas liquids and natural gas. The company’s operations are primarily in the United States, with additional activity in Trinidad and select other international areas.
EOG is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Momentum investors should take note of this Oils-Energy stock. EOG has a Momentum Style Score of A, and shares are up 7.6% over the past four weeks.
Nine analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $3.01 to $15.99 per share. EOG also boasts an average earnings surprise of +7.7%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, EOG should be on investors' short list.
If you put $10,000 into the Energy Select Sector SPDR Fund (NYSEARCA:XLE) on the last trading day of 2025 and forgot about it, you would be sitting on roughly $13,131 as of the June 8 close. The same $10,000 in the S&P 500 would be worth about $10,840. Energy, the sector everyone wrote off as a value trap stuck behind the AI trade, is up about 31% year to date against 8.4% for SPY. That gap, almost 23 points in five months, is the single most surprising scoreboard in the 2026 market.
The headline you may have seen says 29%. The actual number is a touch better. XLE opened the year at $44.42 and closed Monday at $58.33. Over one year, the fund is up about 44%, versus roughly 23% for SPY. Over five years, it has more than doubled, up about 152%. The fund is a plain-vanilla SPDR with a fee that rounds to almost nothing, and it does one thing well, which is concentrate your money in a handful of the biggest US oil and gas names. Top of the book is heavy. Exxon at 23.7% and Chevron at 17.6% together are 41.3% of the fund. Add ConocoPhillips and EOG and you have most of the explanation.
What Actually Did the Work The mechanism is straightforward. Sector concentration met a sector-specific catalyst, and the catalyst is geopolitics. According to the EIA, the Strait of Hormuz has been effectively closed to shipping traffic since late February following military action, removing access to a corridor that carried nearly 20% of global oil supply. Brent went vertical. Daily spot prices touched $138 per barrel on April 7, the highest since the weeks after Russia invaded Ukraine, and the April monthly average came in around $117 per barrel. WTI followed, with the YTD high at $114.58 on the same day.
Prices have since cooled. Brent printed $98.29 on June 1 and WTI sat at $95.96, which the St. Louis Fed places in the 82.8th percentile of its trailing 12-month range. That is the important part. Even after a meaningful pullback, crude is trading well above where the integrated majors built their 2026 budgets. The 12-month WTI average is $72.26, and current spot is more than $20 above it.
Now look at how the top holdings translated that into earnings. Exxon Mobil (NYSE:XOM | XOM Price Prediction) posted adjusted EPS of $1.16 versus a $1.01 consensus, a 15% beat and the fourth straight. Underlying earnings rose to $8.77 billion from $7.58 billion year over year, even after roughly $3.88 billion in unfavorable derivative timing and $706 million in Middle East supply-disruption losses washed through the GAAP line. CEO Darren Woods told investors that "ExxonMobil is a fundamentally stronger company than it was just a few years ago, built to perform through disruption and across market cycles." The buyback authorization for the year is $20 billion. The stock is up 27.8% YTD.
Chevron (NYSE:CVX) did even better at the EPS line, with $1.41 versus $0.97 expected, a 46% beat and the sixth in a row. Production jumped 15% year over year to 3,858 MBOED as the Hess deal bedded in, and US output cleared 2 million barrels per day for a third straight quarter. The company returned $2.5 billion in buybacks in the quarter, raised the dividend for a 39th consecutive year, and Mike Wirth framed the result as evidence that the portfolio held up "despite heightened geopolitical volatility and related supply disruptions." Shares are up about 27% YTD.
ConocoPhillips (NYSE:COP) and EOG Resources (NYSE:EOG), the two big E&P names in the top ten, told a parallel story with a different texture. COP beat by roughly 12% on EPS, kept its target of returning 45% of cash from operations to shareholders, and pulled Qatar out of 2026 production guidance because of the Middle East situation. EOG benefited from the Encino acquisition, pushing production to 1,383.8 MBoed from 1,090.4 a year earlier and revenue up about 18% to $6.92 billion. EOG is the standout performer of the four, up about 36% YTD, with COP up 28.9%.
The pattern is clean. Three years of M&A (Hess into Chevron, Marathon into ConocoPhillips, Encino into EOG) finished integrating just as Brent prices spiked. The synergies are real, the cost work is real, and the capital return engines kept running on schedule. Then a Middle East shock dropped onto the top line. That is how a sector ETF turns a single-digit broad market into a 31% mover.
The Soft Patch Inside the Run The recent tape complicates the story a little. XLE is up only about 5% over the last month, and crude has been the reason. WTI has fallen from a May peak near $112 to $96, and natural gas has gone in the other direction entirely, with Henry Hub dropping from a January 23 spike of $30.72 per MMBtu to $3.07 on June 1. The EIA now expects Henry Hub to average $2.83 per MMBtu in Q2 2026, 11% below Q2 2025. So one of the two commodities driving the rally is rolling over. The other has slipped about 16% off its high but is still pricing a risk premium.
What You Watch From Here The forward look hinges on two indicators a reader can actually track. The first is the Strait of Hormuz. The EIA’s May STEO assumes Brent averages around $106 per barrel in May and June, then steps down to $89 in Q4 2026 and $79 in 2027 as shut-in production gradually returns. If tanker traffic genuinely resumes, the risk premium that built XLE’s YTD comes out of the price, and the integrated names re-rate toward a $75 to $85 crude backdrop rather than $95 to $100. The second is OPEC spare capacity, which the EIA now models at 2.5 million barrels per day in 2027, down from a prior estimate of 3.8 million. Less cushion in the system means the next disruption hits harder, which is the structural reason this trade has a longer half-life than a typical war-premium spike.
Retail is starting to notice. Reddit sentiment on XLE has run 76 to 80 (bullish to very bullish) over the past several days, anchored by a single WSB post titled "You hear that, Mr. Anderson? That is the sound of inevitability." Mention volume is still low, which is usually how these trades work before they get crowded. The Exxon news cycle, with retail flagging "Exxon warns oil inventories near record lows, price spike ahead" as the top driver on June 1, suggests the inventory tightness narrative is still doing work.
The honest read is that XLE’s YTD is mostly a Hormuz trade wearing the costume of an earnings story. The earnings are genuine, the cost work is genuine, and the capital returns are durable. But the marginal dollar in the price came from a tanker chokepoint, and the EIA, the futures curve, and the integrated CEOs themselves are all guiding to a lower oil price in 2027. If the strait reopens cleanly, the broad market starts closing the gap. If it does not, or if the next disruption arrives before the first one resolves, the sector that has refused to quit in 2026 keeps doing exactly that. Watch Hormuz traffic, watch the Brent curve, and watch whether WTI holds the $90 line. That is the whole game from here.
If you put $10,000 into the Energy Select Sector SPDR Fund (NYSEARCA:XLE) on the last trading day of 2025 and forgot about it, you would be sitting on roughly $13,131 as of the June 8 close. The same $10,000 in the S&P 500 would be worth about $10,840. Energy, the sector everyone wrote off as a value trap stuck behind the AI trade, is up about 31% year to date against 8.4% for SPY. That gap, almost 23 points in five months, is the single most surprising scoreboard in the 2026 market.
The headline you may have seen says 29%. The actual number is a touch better. XLE opened the year at $44.42 and closed Monday at $58.33. Over one year, the fund is up about 44%, versus roughly 23% for SPY. Over five years, it has more than doubled, up about 152%. The fund is a plain-vanilla SPDR with a fee that rounds to almost nothing, and it does one thing well, which is concentrate your money in a handful of the biggest US oil and gas names. Top of the book is heavy. Exxon at 23.7% and Chevron at 17.6% together are 41.3% of the fund. Add ConocoPhillips and EOG and you have most of the explanation.
What Actually Did the Work The mechanism is straightforward. Sector concentration met a sector-specific catalyst, and the catalyst is geopolitics. According to the EIA, the Strait of Hormuz has been effectively closed to shipping traffic since late February following military action, removing access to a corridor that carried nearly 20% of global oil supply. Brent went vertical. Daily spot prices touched $138 per barrel on April 7, the highest since the weeks after Russia invaded Ukraine, and the April monthly average came in around $117 per barrel. WTI followed, with the YTD high at $114.58 on the same day.
Prices have since cooled. Brent printed $98.29 on June 1 and WTI sat at $95.96, which the St. Louis Fed places in the 82.8th percentile of its trailing 12-month range. That is the important part. Even after a meaningful pullback, crude is trading well above where the integrated majors built their 2026 budgets. The 12-month WTI average is $72.26, and current spot is more than $20 above it.
Now look at how the top holdings translated that into earnings. Exxon Mobil (NYSE:XOM | XOM Price Prediction) posted adjusted EPS of $1.16 versus a $1.01 consensus, a 15% beat and the fourth straight. Underlying earnings rose to $8.77 billion from $7.58 billion year over year, even after roughly $3.88 billion in unfavorable derivative timing and $706 million in Middle East supply-disruption losses washed through the GAAP line. CEO Darren Woods told investors that "ExxonMobil is a fundamentally stronger company than it was just a few years ago, built to perform through disruption and across market cycles." The buyback authorization for the year is $20 billion. The stock is up 27.8% YTD.
Chevron (NYSE:CVX) did even better at the EPS line, with $1.41 versus $0.97 expected, a 46% beat and the sixth in a row. Production jumped 15% year over year to 3,858 MBOED as the Hess deal bedded in, and US output cleared 2 million barrels per day for a third straight quarter. The company returned $2.5 billion in buybacks in the quarter, raised the dividend for a 39th consecutive year, and Mike Wirth framed the result as evidence that the portfolio held up "despite heightened geopolitical volatility and related supply disruptions." Shares are up about 27% YTD.
ConocoPhillips (NYSE:COP) and EOG Resources (NYSE:EOG), the two big E&P names in the top ten, told a parallel story with a different texture. COP beat by roughly 12% on EPS, kept its target of returning 45% of cash from operations to shareholders, and pulled Qatar out of 2026 production guidance because of the Middle East situation. EOG benefited from the Encino acquisition, pushing production to 1,383.8 MBoed from 1,090.4 a year earlier and revenue up about 18% to $6.92 billion. EOG is the standout performer of the four, up about 36% YTD, with COP up 28.9%.
The pattern is clean. Three years of M&A (Hess into Chevron, Marathon into ConocoPhillips, Encino into EOG) finished integrating just as Brent prices spiked. The synergies are real, the cost work is real, and the capital return engines kept running on schedule. Then a Middle East shock dropped onto the top line. That is how a sector ETF turns a single-digit broad market into a 31% mover.
The Soft Patch Inside the Run The recent tape complicates the story a little. XLE is up only about 5% over the last month, and crude has been the reason. WTI has fallen from a May peak near $112 to $96, and natural gas has gone in the other direction entirely, with Henry Hub dropping from a January 23 spike of $30.72 per MMBtu to $3.07 on June 1. The EIA now expects Henry Hub to average $2.83 per MMBtu in Q2 2026, 11% below Q2 2025. So one of the two commodities driving the rally is rolling over. The other has slipped about 16% off its high but is still pricing a risk premium.
What You Watch From Here The forward look hinges on two indicators a reader can actually track. The first is the Strait of Hormuz. The EIA’s May STEO assumes Brent averages around $106 per barrel in May and June, then steps down to $89 in Q4 2026 and $79 in 2027 as shut-in production gradually returns. If tanker traffic genuinely resumes, the risk premium that built XLE’s YTD comes out of the price, and the integrated names re-rate toward a $75 to $85 crude backdrop rather than $95 to $100. The second is OPEC spare capacity, which the EIA now models at 2.5 million barrels per day in 2027, down from a prior estimate of 3.8 million. Less cushion in the system means the next disruption hits harder, which is the structural reason this trade has a longer half-life than a typical war-premium spike.
Retail is starting to notice. Reddit sentiment on XLE has run 76 to 80 (bullish to very bullish) over the past several days, anchored by a single WSB post titled "You hear that, Mr. Anderson? That is the sound of inevitability." Mention volume is still low, which is usually how these trades work before they get crowded. The Exxon news cycle, with retail flagging "Exxon warns oil inventories near record lows, price spike ahead" as the top driver on June 1, suggests the inventory tightness narrative is still doing work.
The honest read is that XLE’s YTD is mostly a Hormuz trade wearing the costume of an earnings story. The earnings are genuine, the cost work is genuine, and the capital returns are durable. But the marginal dollar in the price came from a tanker chokepoint, and the EIA, the futures curve, and the integrated CEOs themselves are all guiding to a lower oil price in 2027. If the strait reopens cleanly, the broad market starts closing the gap. If it does not, or if the next disruption arrives before the first one resolves, the sector that has refused to quit in 2026 keeps doing exactly that. Watch Hormuz traffic, watch the Brent curve, and watch whether WTI holds the $90 line. That is the whole game from here.
, /PRNewswire/ -- TriNet (NYSE: TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), today announced it will release financial results for the first quarter ended March 31, 2026, before U.S. market hours on Thursday, April 30, 2026.
TriNet will host a conference call at 5:30 a.m. PT (8:30 a.m. ET) on April 30, 2026, to discuss the financial results. A live webcast of the conference call can be accessed on the Investor Relations section of TriNet's website at investor.trinet.com. Participants can pre-register for the webcast by going to: https://events.q4inc.com/attendee/214291011 or pre-register for the conference call by visiting https://dpregister.com/sreg/10208266/103c777f574 (note that you will get a unique PIN to enable instant access to the call).
Participants who do not pre-register for the call can still join by dialing +1 (412) 317-5426 and asking to attend the TriNet fourth quarter earnings conference call.
A replay of the webcast will be available on the TriNet site for approximately one year.
About TriNet
TriNet (NYSE: TNET) provides comprehensive HR solutions, technology, expertise, and access to world-class benefits that enable SMBs to attract and develop top-tier talent. Rooted in more than 30 years of supporting entrepreneurs and adapting to the ever-changing modern workplace, TriNet empowers SMBs to focus on what matters most—growing their business and enabling their people. For more information, visit TriNet.com or follow us on Facebook, LinkedIn and Instagram.
TriNet and the TriNet logo are registered trademarks of TriNet. All other trademarks, service marks, registered trademarks, or registered service marks are the property of their respective owners.
May 5–7 sessions will cover AI, recruitment/retention, compliance, growth strategies, and more
, /PRNewswire/ -- TriNet (NYSE: TNET), a leading provider of human resources solutions for small and medium-size businesses (SMBs), today announced its National Small Business Week Virtual Summit, a three-day online event designed to help entrepreneurs and business leaders navigate today's evolving workplace and scale with confidence.
TriNet's National Small Business Week Virtual Summit is a three-day online event, taking place May 5-7, that is designed to help entrepreneurs and business leaders navigate today’s evolving workplace and scale with confidence. Taking place during National Small Business Week, May 5–7, the virtual summit will bring together TriNet executives and partners, industry experts, and successful entrepreneurs for timely, practical discussions focused on the real challenges facing SMBs in 2026 and into the future.
Sessions will cover top-of-mind business topics including artificial intelligence, recruitment and retention, compliance, workplace productivity, and growth strategies.
"Through every major wave of change, small and medium-size businesses have demonstrated the ability to adapt and take advantage of major trends," said Mike Simonds, President and CEO of TriNet. "Our summit is designed to provide SMB leaders with actionable insights across AI, the workforce, economy, and regulation to help them lead the way once again in today's rapidly changing market."
TriNet's three-day virtual summit is free to attend. For those interested in joining, registration and the full agenda can be found here.
About TriNet
TriNet is a leading provider of Human Resources solutions for small and medium-size businesses, offering advanced technology-enabled services that include human capital expertise, employee benefits such as health insurance and retirement plans, payroll and payroll tax administration, risk mitigation, and compliance consulting. Our long-term objective is to be the premier provider of HR services for a broad range of SMBs through industry leading benefits, sales distribution excellence, and a world class services delivery model. For more information, visit TriNet.com or follow us on Facebook, LinkedIn and Instagram.
TriNet and the TriNet logo are registered trademarks of TriNet. All other trademarks, service marks, registered trademarks, or registered service marks are the property of their respective owners.
On April 24, 2026, Trinet Group Inc TNET shares rose 3.1% to a current price of $40.11. The stock has seen a 52-week range between $33.61 and $88.56, highlighting significant volatility over the past year.
GF Value™ verdict: Current price of $40.11 is 62.5% below the GF Value™ estimate of $107.05.GF Score™: 68/100, indicating an above-average performance potential.Most notable signal: Insider activity has shown no buying with $0.0M sold in the last 3 months. Is TNET Overvalued or Undervalued? The current price of Trinet Group Inc TNET at $40.11 is significantly below the GF Value™ estimate of $107.05, suggesting that the stock may be undervalued by approximately 62.5%. This margin of safety presents an opportunity for potential investors looking for stocks that are trading at a discount to their intrinsic value. However, the GF Valuation label categorizes TNET as a "Possible Value Trap," indicating that while the stock appears undervalued, it may come with risks that warrant caution. GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.
While the undervaluation presents a tempting opportunity, it is essential to consider the underlying factors that may have contributed to the stock's significant decline of 47.2% over the past year. The business environment, competitive landscape, and internal company challenges could potentially hinder recovery, making it crucial for investors to approach this opportunity with thorough analysis.
How Does TNET's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 12.7x 18.0x Forward P/E 9.5x N/A Trinet Group Inc's current P/E ratio of 12.7x is notably lower than its 5-year median P/E of 18.0x, indicating that the stock is trading at a discount compared to its historical valuation. This analysis aligns with the GF Value™ verdict, reinforcing the perspective that TNET may be undervalued based on traditional valuation metrics.
What Does TNET's GF Score™ Tell Us? Metric Rating GF Score™ 68 Financial Strength 5/10 Profitability 8/10 Growth 5/10 Valuation 2/10 Momentum 2/10 The GF Score™ of 68/100 indicates that Trinet Group Inc demonstrates above-average potential for long-term returns. The strongest area is its profitability rank of 8/10, suggesting that the company has maintained healthy profit margins and operational efficiency. Conversely, the weakest areas are the valuation and momentum ranks, both at 2/10, indicating challenges in sustaining price appreciation and overall valuation attractiveness.
What Are Insiders Doing with TNET Stock? In the past three months, there has been no insider buying activity for Trinet Group Inc, with insiders selling $0.0M worth of stock. This lack of insider purchasing could be interpreted as a lack of confidence in the stock's immediate future, as insiders typically buy shares when they believe the stock is undervalued or poised for growth. The absence of buying signals may warrant caution for potential investors.
What This Means for Investors Based on the GF Value™ assessment, Trinet Group Inc TNET is currently undervalued. However, the stock's potential value trap designation and the lack of insider buying activity suggest that investors should proceed with caution and conduct thorough due diligence before making any investment decisions.
For the complete analysis, visit the Trinet Group Inc TNET 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 TNET's GF Score™?
TNET has a GF Score™ of 68/100, indicating above-average performance potential according to GuruFocus' scoring system.
Is TNET overvalued or undervalued?
According to GF Value™, TNET is currently undervalued, with a significant margin suggesting a potential opportunity for investors.
What is TNET's P/E ratio?
TNET's P/E ratio is 12.7x, which is significantly below its historical 5-year median P/E of 18.0x, indicating that the stock is trading at a discount to its historical valuation.
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].
On April 28, 2026, Trinet Group Inc TNET shares rose 3.9%, closing at $41.85. The stock has fluctuated in a 52-week range from $33.61 to $86.78, reflecting significant volatility over the past year.
GF Value™ verdict: The current price of $41.85 is 60.9% undervalued compared to the GF Value™ of $107.17.GF Score™: With a score of 68/100, TNET is rated as Above Average.Most notable signal: Financial Strength is rated 5/10, indicating moderate stability. Is TNET Overvalued or Undervalued? Trinet Group Inc TNET is currently trading at $41.85, significantly below its estimated GF Value™ of $107.17. This represents a potential upside of 60.9%, suggesting that the stock is undervalued. However, the GF Valuation label indicates that TNET could be a possible value trap, which warrants caution for those considering entering a position. The margin of safety provided by this discrepancy suggests an investment opportunity, but investors should be aware of the risks associated with a stock that has shown considerable price volatility and a low predictability rating of 1 star.
GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.
How Does TNET's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 13.2x 18.0x (5-Year Median) Forward P/E 9.8x N/A TNET's current P/E (TTM) of 13.2x is 27% below its 5-year median P/E of 18.0x, indicating that the stock is trading below its historical valuation levels. This P/E analysis aligns with the GF Value™ verdict, reinforcing the notion that TNET is undervalued based on both historical trading multiples and the present valuation metrics.
What Does TNET's GF Score™ Tell Us? Metric Rating GF Score™ 68/100 Financial Strength 5/10 Profitability 8/10 Growth 5/10 Valuation 2/10 Momentum 2/10 TNET's GF Score™ of 68/100 indicates that the company has strengths in profitability (8/10), but its valuation and momentum ranks are notably weaker at 2/10. The moderate financial strength score of 5/10 suggests that while there is some stability, it is not robust. Overall, TNET's strongest area lies in profitability, while valuation and momentum present potential concerns for long-term investors.
What Are Insiders Doing with TNET Stock? In the last three months, there has been no insider buying or selling activity, with insiders selling $0.0M worth of shares. This lack of activity may suggest that insiders are not currently optimistic about the stock's immediate prospects, or they may be holding off on transactions due to market conditions.
What This Means for Investors Based on the GF Value™ assessment, Trinet Group Inc TNET is currently undervalued. However, potential investors should take into account the risks associated with its low predictability rating and the possibility of it being a value trap.
For the complete analysis, visit the Trinet Group Inc TNET 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 TNET's GF Score™?
TNET's GF Score™ is 68/100, indicating an above-average potential for long-term returns based on its financial metrics and growth prospects.
Is TNET overvalued or undervalued?
TNET is currently undervalued, trading at $41.85 compared to a GF Value™ of $107.17, representing a potential upside of 60.9%.
What is TNET's P/E ratio?
TNET's P/E (TTM) is 13.2x, which is 27% below its 5-year median P/E of 18.0x, indicating the stock is trading below its historical valuation levels.
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].
11% Growth in GAAP Earnings per Diluted Share to $1.90 for the First Quarter 2026
25% Growth in Adjusted Net Income per Diluted Share to $2.48 for the First Quarter 2026
Returned Approximately $71 million to Shareholders Through Stock Repurchases and Dividends
, /PRNewswire/ -- TriNet Group, Inc. (NYSE: TNET), a leading provider of comprehensive and flexible human capital management (HCM) solutions for small and medium-size businesses (SMBs), today announced financial results for the first quarter ended March 31, 2026. The first quarter highlights below include non-GAAP financial measures which are reconciled later in this release.
"TriNet is off to a strong start in 2026," said Mike Simonds, President and CEO. "The largest of our repricing efforts is behind us, expenses are prudently managed, and investments in our products and services are being made through internal development, acquisition, and partnerships."
Simonds continued, "We are seeing building momentum in our go-to-market efforts, supported by stronger pipeline, a more tenured sales team, and accelerating channel activity. With the early success of TriNet Assistant, we believe our investments in AI position us to improve service, scale efficiently, and support a return to growth. 2026 stands to be an exciting year for TriNet."
First quarter highlights include:
Total revenues decreased 5% to $1.2 billion compared to the same period last year. Professional service revenues decreased 10% to $189 million compared to the same period last year. Net income was $89 million, or $1.90 per share, compared to net income of $85 million, or $1.71 per share, in the same period last year. Adjusted Net Income was $116 million, or $2.48 per diluted share, compared to Adjusted Net Income of $99 million, or $1.99 per diluted share, in the same period last year. Adjusted EBITDA was $186 million, representing an Adjusted EBITDA Margin of 15.2%, compared to Adjusted EBITDA of $162 million, representing an Adjusted EBITDA Margin of 12.6% in the same period last year. Average Worksite Employees (WSEs) decreased 12% as compared to the same period last year as compared to the previous quarter, to approximately 300,000. Generated $149 million in Net cash provided by operating activities, and $123 million in Free Cash Flow. Full-Year 2026 Guidance
In addition to announcing our first quarter 2026 results, we are reiterating our full-year 2026 guidance. Non-GAAP financial measures are reconciled later in this release.
Full Year 2026
(dollars in millions, except for per share amounts)
Low
High
Total Revenues
$ 4,750
$ 4,900
Professional Service Revenues
$ 625
$ 645
Insurance Cost Ratio
90.75 %
89.25 %
Adjusted EBITDA Margin
7.5 %
8.7 %
Diluted net income per share of common stock
$ 2.15
$ 3.05
Adjusted Net Income per share - diluted
$ 3.70
$ 4.70
Quarterly Report on Form 10-Q
We anticipate filing our Quarterly Report on Form 10-Q ("Form 10-Q") for the three months ended March 31, 2026 with the U.S. Securities and Exchange Commission (SEC) and making it available at http://www.trinet.com on or about April 30, 2026. This press release should be read in conjunction with the Form 10-Q and the related Notes to Consolidated Financial Statements and Management's Discussion and Analysis of Financial Condition and Results of Operations contained in the Form 10-Q.
Earnings Conference Call and Audio Webcast
TriNet will host a conference call at 5:30 a.m. PT today to discuss its first quarter results for 2026. TriNet encourages participants to pre-register for the webcast. The live webcast of the conference call can be accessed on the Investor Relations section of TriNet's website at https://investor.trinet.com. Participants can pre-register for the webcast by going to: https://events.q4inc.com/attendee/214291011. Callers can pre-register for the conference call by going to: https://dpregister.com/sreg/10208266/103c777f574. For those who would like to join the call but have not pre-registered, they can do so by dialing +1 (412) 317-5426 and requesting the "TriNet Conference Call." A replay of the webcast will be available on this website for approximately one year. A telephonic replay will be available for two weeks following the conference call at +1 (412) 317-0088 conference ID: 4129824.
About TriNet
TriNet is a leading provider of Human Resources solutions for small and medium size businesses, offering advanced technology-enabled services that include human capital expertise, employee benefits such as health insurance and retirement plans, payroll and payroll tax administration, risk mitigation, and compliance consulting. Our long-term objective is to be the premier provider of HR services for a broad range of SMBs through industry leading benefits, sales distribution excellence, and a world class services delivery model. For more information, please visit TriNet.com or follow us on Facebook, LinkedIn and Instagram.
Use of Non-GAAP Financial Measures
Reconciliations of non-GAAP financial measures to TriNet's financial results as determined in accordance with GAAP are included at the end of this press release following the accompanying financial data. For a description of these non-GAAP financial measures, including the reasons management uses each measure, please see the section titled "Non-GAAP Financial Measures."
Forward-Looking Statements
This press release contains, and statements made during the above referenced conference call will contain, statements that are not historical in nature, are predictive in nature, or that depend upon or refer to future events or conditions or otherwise contain forward-looking statements within the meaning of Section 21 of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, including, among other things, TriNet's expectations and assumptions regarding: TriNet's financial guidance for the full-year 2026 and the underlying assumptions; TriNet's mid-term outlook and the underlying assumptions; TriNet's development, launch and on-going support of initiatives including AI-powered TriNet Assistant; expansion of our broker channel and new partnerships; TriNet's ability to build momentum in its business; and TriNet's ability to execute on our strategy. Forward-looking statements are often identified by the use of words such as, but not limited to, "ability," "anticipate," "believe," "can," "continue," "could," "estimate," "expect," "goal," "guidance," "impact," "intend," "may," "objective," "plan," "project," "should," "strategy," "support," "target," "value," "will," "would" and similar expressions or variations intended to identify forward-looking statements. These statements are not guarantees of future performance but are based on management's expectations as of the date hereof and assumptions that are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from our current expectations and any past or future results, performance or achievements expressed or implied by the forward-looking statements. Investors are cautioned not to place undue reliance upon any forward-looking statements.
Important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements include: our ability to manage unexpected changes in workers' compensation and health insurance claims and costs, including by WSEs; our ability to mitigate the distinct business risks we face as a co-employer; the effects of volatility in the financial and economic environment on the businesses that make up our client base; our inability to realize or sustain the expected benefits from our business realignment initiatives, and any associated increases in costs as a result of these initiatives; loss of clients for reasons beyond our control and the short-term contracts we typically use with our clients; the impact of regional or industry-specific economic and health factors on our operations; the impact of failures or limitations in the business systems and centers we rely upon; changes in our insurance coverage or our relationships with key insurance carriers; our ability to improve our services and technology to satisfy client and regulatory expectations, including with respect to artificial intelligence; our ability to effectively integrate businesses we have acquired or may acquire in the future; our ability to effectively manage and improve our operational effectiveness and resiliency; our ability to price our services at rates that our clients continue to find attractive; our ability to attract and retain qualified personnel; the effects of increased competition and our ability to compete effectively; the impact on our business of cyber-attacks, breaches, disclosures and other data-related incidents; our ability to comply with evolving data privacy, artificial intelligence and security laws; our ability to manage changes in, uncertainty regarding, or adverse application of the complex laws and regulations that govern our business; changing laws and regulations governing health insurance and employee benefits; our ability to keep pace with changes in technology or provide timely enhancements to our solutions and support, including with respect to artificial intelligence; risks associated with our international operations, including potential political or economic risks; our ability to operate a business subject to numerous complex laws; changing laws and regulations governing health insurance and other traditional employee benefits at the federal, state, and local levels; our ability to be recognized as an employer of worksite employees and for our benefits plans to satisfy all requirements under federal and state regulations; changes in the laws and regulations that govern what it means to be an employer, employee or independent contractor; the impact of new and changing laws regarding remote work; our ability to comply with the licensing requirements that govern our solutions; the failure of third-party service providers performing their functions; the failure to comply with anti-corruption laws and regulations, economic and trade sanctions, and similar laws; the outcome of existing and future legal and tax proceedings; fluctuation in our results of operations, stock price and maintenance of performance measures year over year due to factors outside of our control; our ability to comply with the restrictions of our indebtedness and meet our debt obligations; the need for additional capital or to restructure our existing debt; the continuation of our stock repurchase program; and the impact of concentrated ownership in our stock by Atairos and other large stockholders and the anti-takeover provisions in our charter documents and under Delaware law. Any of these factors could cause our actual results to differ materially from our anticipated results.
Further information on risks that could affect TriNet's results is included in our filings with the SEC, including under the headings "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" and elsewhere in our most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, which are available on our investor relations website at http://investor.trinet.com and on the SEC website at www.sec.gov. Copies of these filings are also available by contacting TriNet Corporation's Investor Relations Department at (510) 875-7201. Except as required by law, neither we nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements in this press release, and any forward-looking statements in this press release speak only as of the date of this press release. In addition, we do not assume any obligation, and do not intend, to update any of our forward-looking statements, except as required by law.
Contacts:
Investors:
Media:
Alex Bauer
Renee Brotherton / Josh Gross
TriNet
TriNet
[email protected]
[email protected]
[email protected]
(408) 646-5103
Key Financial and Operating Metrics
We regularly review certain key financial and operating metrics to evaluate growth trends, measure our performance and make strategic decisions. These key financial and operating metrics may change over time. Our key financial and operating metrics for the periods presented were as follows:
Three Months Ended March 31,
(in millions, except per share and Operating Metrics data)
2026
2025
% Change
Income Statement Data:
Total revenues
$ 1,226
$ 1,292
(5)
%
Income before tax
123
115
7
Net income
89
85
5
Diluted net income per share of common stock
1.90
1.71
11
Non-GAAP measures (1):
Adjusted EBITDA
186
162
15
Adjusted Net income
116
99
17
Free Cash Flow
123
79
56
Operating Metrics:
Insurance Cost Ratio
84 %
88 %
(4)
%
Average WSEs
300,215
340,744
(12)
Total WSEs
299,434
339,625
(12)
(1)
Refer to Non-GAAP measures definitions and reconciliations from GAAP measures under the heading "Non-GAAP Financial Measures"
(in millions)
March 31, 2026
December 31, 2025
% Change
Balance Sheet Data:
Cash and cash equivalents
$ 340
$ 287
18
%
Working capital
258
231
12
Total assets
3,420
3,797
(10)
Debt
896
895
—
Total stockholders' equity
83
54
54
Three Months Ended March 31,
(in millions)
2026
2025
% Change
Cash Flow Data:
Net cash provided by operating activities
$ 149
$ 95
57
%
Net cash used in investing activities
(13)
(8)
63
Net cash used in financing activities
(645)
(494)
31
TRINET GROUP, INC.
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Unaudited)
Three Months Ended March 31,
(in millions except per share data)
2026
2025
Professional service revenues
$ 189
$ 209
Insurance service revenues
1,023
1,065
Interest income
14
18
Total revenues
1,226
1,292
Insurance costs
856
942
Cost of providing services
70
71
Sales and marketing
69
67
General and administrative
59
46
Systems development and programming
19
20
Depreciation and amortization of intangible assets
17
17
Interest expense, bank fees and other
13
14
Total costs and operating expenses
1,103
1,177
Income before tax
123
115
Income taxes
34
30
Net income
$ 89
$ 85
Other comprehensive income, net of income taxes
(2)
2
Comprehensive income
$ 87
$ 87
Net income per share:
Basic
$ 1.90
$ 1.72
Diluted
$ 1.90
$ 1.71
Weighted average shares:
Basic
47
49
Diluted
47
49
TRINET GROUP, INC.
CONSOLIDATED BALANCE SHEETS (Unaudited)
March 31,
December 31,
(in millions, except share and per share data)
2026
2025
Assets
Current assets:
Cash and cash equivalents
$ 340
$ 287
Restricted cash, cash equivalents and investments
1,122
1,694
Accounts receivable, net
7
20
Payroll funds receivable
451
264
Prepaid expenses, net
64
82
Other payroll assets
449
474
Other current assets
51
47
Total current assets
2,484
2,868
Restricted cash, cash equivalents and investments, noncurrent
122
128
Property and equipment, net
22
11
Operating lease right-of-use asset
38
36
Goodwill
461
461
Software and other intangible assets, net
155
153
Other assets
138
140
Total assets
$ 3,420
$ 3,797
Liabilities and stockholders' equity
Current liabilities:
Accounts payable and other current liabilities
$ 89
$ 86
Client deposits and other client liabilities
49
57
Accrued wages
542
555
Accrued health insurance costs, net
193
207
Accrued workers' compensation costs, net
44
42
Payroll tax liabilities and other payroll withholdings
1,289
1,671
Operating lease liabilities
11
10
Insurance premiums and other payables
9
9
Total current liabilities
2,226
2,637
Long-term debt, noncurrent
896
895
Accrued workers' compensation costs, noncurrent, net
109
106
Deferred taxes
54
55
Operating lease liabilities, noncurrent
39
37
Other non-current liabilities
13
13
Total liabilities
3,337
3,743
Total stockholders' equity
83
54
Total liabilities & stockholders' equity
$ 3,420
$ 3,797
TRINET GROUP, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
Three Months Ended March 31,
(in millions)
2026
2025
Operating activities
Net income
$ 89
$ 85
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of intangible assets
17
17
Amortization of deferred costs
13
12
Amortization of ROU asset, lease modification, impairment, and abandonment
2
2
Deferred income taxes
—
(1)
Stock based compensation
16
13
Other
1
3
Changes in operating assets and liabilities:
Accounts receivable, net
—
1
Prepaid expenses, net
22
7
Other assets
(11)
(6)
Accounts payable and other liabilities
—
(11)
Accrued wages
—
(17)
Accrued health insurance costs, net
—
1
Accrued workers' compensation costs, net
2
2
Payroll taxes liabilities and other payroll withholdings
—
(10)
Operating lease liabilities
(2)
(3)
Net cash provided by operating activities
149
95
Investing activities
Purchases of marketable securities
(25)
(27)
Proceeds from sale and maturity of marketable securities
38
34
Acquisitions of property and equipment and software
(26)
(16)
Proceeds from sale of business
—
1
Net cash used in investing activities
(13)
(8)
Financing activities
Change in WSE and TriNet Trust related assets and liabilities, net
(571)
(388)
Repurchase of common stock
(58)
(90)
Awards effectively repurchased for required employee withholding taxes
(3)
(4)
Dividends paid
(13)
(12)
Net cash used in financing activities
(645)
(494)
Effect of exchange rate changes on cash and cash equivalents
(1)
—
Net change in cash and cash equivalents, unrestricted and restricted
(510)
(407)
Cash and cash equivalents, unrestricted and restricted:
Beginning of period
1,902
1,691
End of period
$ 1,392
$ 1,284
Supplemental disclosures of cash flow information
Interest paid
$ 24
$ 25
Supplemental schedule of noncash investing and financing activities
Cash dividend declared, but not yet paid
$ 13
$ 13
Payable for purchase of property and equipment
$ 6
$ 1
Receivable from sale of business
$ —
$ 6
Non-GAAP Financial Measures
In addition to the selected financial measures presented in accordance with U.S. Generally Accepted Accounting Principles (GAAP), we monitor other non-GAAP financial measures that we use to manage our business, to make planning decisions, to allocate resources and to use as performance measures in our executive compensation plan. These key financial measures provide an additional view of our operational performance over the long term and provide information that we use to maintain and grow our business.
The presentation of these non-GAAP financial measures is used to enhance the understanding of certain aspects of our financial performance. It is not meant to be considered in isolation from, superior to, or as a substitute for the directly comparable financial measures prepared in accordance with GAAP.
Non-GAAP Measure
Definition
How We Use The Measure
Adjusted EBITDA
• Net income, excluding the effects of:
- income tax provision,
- interest expense, bank fees and other,
- depreciation,
- amortization of intangible assets,
- stock based compensation expense,
- amortization of cloud computing arrangements, and
- restructuring costs.
• Provides period-to-period comparisons on a consistent basis and an understanding as to how our management evaluates the effectiveness of our business strategies by excluding certain non-recurring costs, which include restructuring costs, as well as certain non-cash charges such as depreciation and amortization, and stock-based compensation and certain impairment charges recognized based on the estimated fair values. We believe these charges are either not directly resulting from our core operations or not indicative of our ongoing operations.
• Enhances comparisons to the prior period and, accordingly, facilitates the development of future projections and earnings growth prospects.
• Provides a measure, among others, used in the determination of incentive compensation for management.
• We also sometimes refer to Adjusted EBITDA margin, which is the ratio of Adjusted EBITDA to total revenues.
Adjusted Net Income
• Net income, excluding the effects of:
- effective income tax rate (1),
- stock based compensation expense,
- amortization of intangible assets, net,
- non-cash interest expense,
- restructuring costs, and
- the income tax effect (at our effective tax rate (1) of these pre-tax adjustments.)
• Provides information to our stockholders and board of directors to understand how our management evaluates our business, to monitor and evaluate our operating results, and analyze profitability of our ongoing operations and trends on a consistent basis by excluding certain non-cash charges.
Free Cash Flow
• Net cash provided by operating activities reduced
by capital expenditures
• Provides information on the strength of our liquidity and available cash.
• Provides management with a measure to assist in making planning decisions, evaluate our performance and allocate resources.
• We also sometimes refer to Free Cash Flow Conversion ratio, which is the ratio of free cash flow to Adjusted EBITDA.
(1)
Non-GAAP effective tax rate is 25.5% and 25% for 2026 and 2025, respectively, which excludes the income tax impact from stock-based compensation, changes in uncertain tax positions, and nonrecurring benefits or expenses from federal legislative changes.
Reconciliation of GAAP to Non-GAAP Measures
The table below presents a reconciliation of Net income to Adjusted EBITDA:
Three Months Ended March 31,
(in millions)
2026
2025
Net income
$ 89
$ 85
Provision for income taxes
34
30
Stock based compensation
16
13
Interest expense, bank fees and other
13
14
Depreciation and amortization of intangible assets
17
17
Amortization of cloud computing arrangements
3
2
Restructuring costs
14
1
Adjusted EBITDA
$ 186
$ 162
Adjusted EBITDA Margin
15.2 %
12.6 %
The table below presents a reconciliation of Net income to Adjusted Net Income and Adjusted Net Income per share - diluted:
Three Months Ended March 31,
(in millions, except per share data)
2026
2025
Net income
$ 89
$ 85
Effective income tax rate adjustment
3
1
Stock based compensation
16
13
Amortization of intangible assets
2
2
Non-cash interest expense
—
1
Restructuring costs
14
1
Income tax impact of pre-tax adjustments
(8)
(4)
Adjusted Net Income
$ 116
$ 99
GAAP weighted average shares of common stock - diluted
47
49
Adjusted Net Income per share - diluted
$ 2.48
$ 1.99
The table below presents a reconciliation of Net cash provided by operating activities to Free Cash Flow:
Three Months Ended
March 31,
(in millions)
2026
2025
Net cash provided by operating activities
$ 149
$ 95
Acquisitions of property and equipment and software
(26)
(16)
Free Cash Flow (a)
$ 123
$ 79
Adjusted EBITDA (b)
$ 186
$ 162
Free Cash Flow Conversion Ratio (a)/(b)
66 %
49 %
Reconciliation of GAAP to Non-GAAP Measures for the full-year 2026 guidance.
Low and high percentages represent increases (decreases) from the same period in the previous year.
The table below presents a reconciliation of net income to Adjusted Net Income and Adjusted Net Income per share - diluted:
FY 2025
Year 2026 Guidance
(in millions, except per share data)
Actual
Low
High
Net income
$155
(34) %
(6) %
Effective income tax rate adjustment
8
(30)
28
Stock based compensation
65
3
3
Amortization of intangible assets
10
—
—
Non-cash interest expense
3
(100)
(100)
Restructuring costs
11
33
33
Income tax impact of pre-tax adjustments
(22)
6
6
Adjusted Net Income
$230
(23) %
(3) %
GAAP weighted average shares of common stock - diluted
TriNet Group (TNET - Free Report) came out with quarterly earnings of $2.48 per share, beating the Zacks Consensus Estimate of $1.91 per share. This compares to earnings of $1.99 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +29.84%. A quarter ago, it was expected that this human resources services outsourcing company would post earnings of $0.37 per share when it actually produced earnings of $0.46, delivering a surprise of +24.32%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
TriNet, which belongs to the Zacks Outsourcing industry, posted revenues of $370 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 14.24%. This compares to year-ago revenues of $350 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.
TriNet shares have lost about 27.5% since the beginning of the year versus the S&P 500's gain of 4.2%.
What's Next for TriNet?While TriNet has underperformed 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 TriNet was mixed. 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 #3 (Hold) for the stock. So, the shares are expected to perform in line with 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 $1.07 on $272.19 million in revenues for the coming quarter and $4.18 on $1.1 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, Outsourcing is currently in the bottom 14% 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.
Barrett Business Services (BBSI - Free Report) , another stock in the same industry, has yet to report results for the quarter ended March 2026. The results are expected to be released on May 6.
This human resources management company is expected to post quarterly loss of $0.16 per share in its upcoming report, which represents a year-over-year change of -300%. The consensus EPS estimate for the quarter has been revised 7.6% lower over the last 30 days to the current level.
Barrett Business Services' revenues are expected to be $2.16 billion, up 3.4% from the year-ago quarter.
For the quarter ended March 2026, TriNet Group (TNET - Free Report) reported revenue of $370 million, up 5.7% over the same period last year. EPS came in at $2.48, compared to $1.99 in the year-ago quarter.
The reported revenue represents a surprise of +14.24% over the Zacks Consensus Estimate of $323.88 million. With the consensus EPS estimate being $1.91, the EPS surprise was +29.84%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how TriNet performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Interest income: $14 million versus $11.91 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -22.2% change.Revenues- Insurance service revenues: $1.02 billion versus the three-analyst average estimate of $1.05 billion. The reported number represents a year-over-year change of -3.9%.Revenues- Professional service revenues: $189 million compared to the $182.22 million average estimate based on three analysts. The reported number represents a change of -9.6% year over year.View all Key Company Metrics for TriNet here>>>
Shares of TriNet have returned +19.2% over the past month versus the Zacks S&P 500 composite's +12.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- TriNet (NYSE: TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), today announced that its President and CEO, Mike Simonds, and CFO, Mala Murthy, will present or participate at the following three conferences:
The 21st Annual Needham Technology, Media, & Consumer Conference, May 13, 2026, at 8:45am ET (5:45am PT). The Stifel 2026 Boston Cross Sector 1x1 Conference on Wednesday, June 3, 2026. The Baird Global Consumer, Technology & Services Conference, June 4, 2026. A live webcast and replay of the 21st Annual Needham Technology, Media, & Consumer Conference session will be available on the Investor Relations section of the TriNet website at investor.trinet.com.
About TriNet
TriNet is a leading provider of Human Resources solutions for small and medium-size businesses, offering advanced technology-enabled services that include human capital expertise, employee benefits such as health insurance and retirement plans, payroll and payroll tax administration, risk mitigation, and compliance consulting. Our long-term objective is to be the premier provider of HR services for a broad range of SMBs through industry leading benefits, sales distribution excellence, and a world class services delivery model. For more information, visit TriNet.com or follow us on Facebook, LinkedIn and Instagram.
TriNet and the TriNet logo are registered trademarks of TriNet. All other trademarks, service marks, registered trademarks, or registered service marks are the property of their respective owners.
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One company to watch right now is TriNet (TNET - Free Report) . TNET is currently holding a Zacks Rank #1 (Strong Buy) and a Value grade of A. The stock is trading with P/E ratio of 14.76 right now. For comparison, its industry sports an average P/E of 17.16. TNET's Forward P/E has been as high as 19.82 and as low as 12.04, with a median of 16.29, all within the past year.
Finally, our model also underscores that TNET has a P/CF ratio of 12.26. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. TNET's P/CF compares to its industry's average P/CF of 17.03. TNET's P/CF has been as high as 15.80 and as low as 10.38, with a median of 12.48, all within the past year.
Value investors will likely look at more than just these metrics, but the above data helps show that TriNet is likely undervalued currently. And when considering the strength of its earnings outlook, TNET sticks out as one of the market's strongest value stocks.
TriNet Group (TNET - Free Report) closed the last trading session at $39.64, gaining 3.5% 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 $51.8 indicates a 30.7% upside potential.
The mean estimate comprises five short-term price targets with a standard deviation of $10.35. While the lowest estimate of $45.00 indicates a 13.5% increase from the current price level, the most optimistic analyst expects the stock to surge 76.6% to reach $70.00. It's very important to 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 a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's because the ability and unbiasedness of analysts in setting price targets have long been questionable.
However, an impressive consensus price target is not the only factor that indicates a potential upside in TNET. 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 May Not 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.
Why TNET Could Witness a Solid UpsideAnalysts' 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 12%, as three estimates have moved higher compared to no negative revision.
Moreover, TNET 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 TNET could gain, the direction of price movement it implies does appear to be a good guide.
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
TriNet (TNET - Free Report) is a stock many investors are watching right now. TNET is currently sporting a Zacks Rank #1 (Strong Buy) and an A for Value. The stock is trading with P/E ratio of 14.76 right now. For comparison, its industry sports an average P/E of 17.79. Over the past 52 weeks, TNET's Forward P/E has been as high as 19.82 and as low as 12.04, with a median of 16.29.
Finally, investors will want to recognize that TNET has a P/CF ratio of 12.26. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. TNET's P/CF compares to its industry's average P/CF of 15.46. Over the past 52 weeks, TNET's P/CF has been as high as 15.80 and as low as 10.38, with a median of 12.48.
These figures are just a handful of the metrics value investors tend to look at, but they help show that TriNet is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, TNET feels like a great value stock at the moment.
Here are three stocks with buy rank and strong income characteristics for investors to consider today, June 8:
Dow Inc. (DOW - Free Report) : This materials science company witnessed the Zacks Consensus Estimate for its current year earnings increasing 693.8% the last 60 days.
This Zacks Rank #1 company has a dividend yield of 4.1%, compared with the industry average of 1.4%.
Luxfer Holdings PLC (LXFR - Free Report) : This industrial materials and components 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 3.1%, compared with the industry average of 0.0%.
TriNet Group, Inc. (TNET - Free Report) : This human resources (HR) services provider has witnessed the Zacks Consensus Estimate for its current year earnings increasing 10.1% in the last 60 days.
This Zacks Rank #1 company has a dividend yield of 2.5%, compared with the industry average of 0.5%.
See the full list of top ranked stocks here.
Find more top income stocks with some of our great premium screens.
