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, /PRNewswire/ -- Alaska Air Group Inc., the parent company of Alaska Airlines Inc., Hawaiian Airlines, Inc. and Horizon Air Industries Inc., today announced it will webcast a fireside chat with Chief Financial Officer Shane Tackett at 8:45 a.m. ET, Wednesday, June 3, 2026, from the TD Cowen 10th Annual Future of the Consumer Conference. The presentation will be webcast live at news.alaskaair.com/investor-relations.

About Alaska Air Group
Alaska Airlines, Hawaiian Airlines and Horizon Air are subsidiaries of Alaska Air Group, and McGee Air Services is a subsidiary of Alaska Airlines. We are a global airline with hubs in Seattle, Honolulu, Portland, Anchorage, Los Angeles, San Diego and San Francisco. We deliver remarkable care as we fly our guests to more than 140 destinations throughout North America, Latin America, Asia, the Pacific and Europe. Guests can book travel at alaskaair.com and hawaiianairlines.com. Alaska and Hawaiian are members of the oneworld alliance. Members of our Atmos Rewards loyalty program can earn and redeem points with oneworld airlines and our additional global partners that serve over 1,000 worldwide destinations. Learn more about what's happening at Alaska and Hawaiian at news.alaskaair.com. Alaska Air Group is traded on the New York Stock Exchange (NYSE) as "ALK." 

SOURCE Alaska Air Group

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In the latest trading session, Alaska Air Group (ALK - Free Report) closed at $46.59, marking a +1.35% move from the previous day. This change outpaced the S&P 500's 0.58% gain on the day. At the same time, the Dow added 0.05%, and the tech-heavy Nasdaq gained 0.91%.

Coming into today, shares of the airline had gained 20% in the past month. In that same time, the Transportation sector gained 3.65%, while the S&P 500 gained 4.96%.

Investors will be eagerly watching for the performance of Alaska Air Group in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be -$0.87, reflecting a 148.88% decrease from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $4.1 billion, showing a 10.64% escalation compared to the year-ago quarter.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$1.04 per share and a revenue of $15.84 billion, representing changes of -142.62% and +11.22%, respectively, from the prior year.

Investors should also take note of any recent adjustments to analyst estimates for Alaska Air Group. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

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

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 264.86% downward. Alaska Air Group currently has a Zacks Rank of #3 (Hold).

The Transportation - Airline industry is part of the Transportation sector. Currently, this industry holds a Zacks Industry Rank of 212, positioning it in the bottom 14% of all 250+ industries.

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

Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.

Shares in Alaska Air Group (ALK +2.25%) rose by 12.7% in an excellent week for airline stocks. The move comes as the sector climbs a wall of worry driven by soaring jet fuel prices stemming from the closure of the Strait of Hormuz. While the market's prior concerns are understandable, there's growing anecdotal evidence suggesting that airlines, including Alaska Air, might emerge from the period in better shape than many expect.

This week's airline updates Southwest Airlines (LUV +2.77%) CEO Robert Jordan gave a presentation at the Bernstein 42nd Annual Strategic Decisions Conference, and his remarks surprised the market. It's no secret that jet fuel prices have soared, and that's challenging airlines' profitability. Still, it doesn't appear to have affected end demand, with Delta Air Lines previously telling investors that strong demand in the first quarter was continuing into the second quarter, even as it raised prices.

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That positive trend, with Southwest's Jordan telling investors that Southwest had participated in seven consecutive fare increases with "no drop off in demand at all." Jordan went on to note that "I'm becoming increasingly bullish that we will be able to cover these fuel increases with revenue increases," and also believes that "the industry will retain a much higher percent of the fare increases that would be typical historically."

What it means to Alaska Air Given that Alaska competes with Southwest on some routes and is suffering from rising jet fuel prices, the news from Southwest is particularly relevant. For example, in its recent first-quarter earnings report, Alaska's management said higher fuel costs would impact earnings per share (EPS) by $0.70 in the first quarter and by more than $3 in the second quarter.

Image source: Getty Images.

These are significant numbers from an airline that analysts expect to report a $0.77-per-share loss in 2026 and then $6.32 in EPS in 2027. However, if Alaska can offset fuel costs with higher prices, then those estimates might need a positive revision.

Lee Samaha has no position in any of the stocks mentioned. The Motley Fool recommends Alaska Air Group, Delta Air Lines, and Southwest Airlines. The Motley Fool has a disclosure policy.

Sievert brings a track record of value creation, brand strength and deep ties to the Seattle business community. He's also a licensed pilot.

In the latest close session, Alaska Air Group (ALK - Free Report) was down 4.65% at $41.87. This move lagged the S&P 500's daily loss of 0.74%. At the same time, the Dow lost 1.21%, and the tech-heavy Nasdaq lost 0.89%.

The airline's shares have seen an increase of 14.02% over the last month, surpassing the Transportation sector's gain of 1.93% and the S&P 500's gain of 5.39%.

The upcoming earnings release of Alaska Air Group will be of great interest to investors. The company is expected to report EPS of -$0.87, down 148.88% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $4.1 billion, showing a 10.64% escalation compared to the year-ago quarter.

ALK's full-year Zacks Consensus Estimates are calling for earnings of -$1.01 per share and revenue of $15.84 billion. These results would represent year-over-year changes of -141.39% and +11.22%, respectively.

It is also important to note the recent changes to analyst estimates for Alaska Air Group. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 356.03% decrease. Right now, Alaska Air Group possesses a Zacks Rank of #4 (Sell).

The Transportation - Airline industry is part of the Transportation sector. Currently, this industry holds a Zacks Industry Rank of 224, positioning it in the bottom 9% of all 250+ industries.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

SummaryCompaniesMiddle East conflict sends jet fuel prices soaring, disrupts airspaceBudget airlines most vulnerable to failure, M&A, airline body chief saysSlow aircraft, engine deliveries deepening airline woesAirline body sticks with net-zero-by-2050 targetRIO DE JANEIRO, June 6 (Reuters) - Soaring jet fuel prices driven by conflict in the Middle East are likely ​to push more airlines into bankruptcy and spur more sector consolidation this year and next, the head of the global airline body said on Saturday.

Global airlines ‌are grappling with higher fuel costs driven by the U.S. and Israel’s war with Iran, which has choked jet fuel supplies and disrupted key air corridors, forcing costly detours.

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Budget carriers have been among the hardest hit, lacking higher margin revenue streams such as premium cabins, high-paying travelers and credit card loyalty programs.

The strain is already showing: U.S. budget airline Spirit Airlines collapsed last month, and it will not be the last, said ​Willie Walsh, director general of the International Air Transport Association, the industry’s main trade body.

“Unfortunately, I think there will be some carriers that will find this high fuel ​price very difficult to cope with," Walsh told Reuters at IATA's annual summit in Rio de Janeiro, adding he expects some airlines to ⁠go out of business and others to be acquired by larger carriers.

Airlines are also expected to protect margins by cutting unprofitable routes, while fares, which have surged since the outbreak of ​the Iran war, are unlikely to come down soon, Walsh said.

Even so, the pressure does not spell the end of the low-cost airline model, which continues to thrive outside the United States, ​where the big three carriers, United Airlines, Delta Air Lines and American Airlines, are squeezing out budget competitors, Walsh said.

“I don't see that the low-cost model is broken; in fact, quite the opposite," he said, highlighting Ryanair's strong performance in Europe as an example.

There is one blockbuster deal Walsh does not see happening: United Airlines CEO Scott Kirby’s audacious proposal to buy arch rival American Airlines and create a U.S. aviation behemoth. ​The idea, which surfaced earlier this year, failed to get done despite Kirby raising it with President Donald Trump.

"I don't think that's going to happen. I think the regulatory hurdles ​would be very significant. I don't know whether that was a genuine effort to pursue consolidation or Scott just trying to stir up some media," Walsh said.

MIDDLE EAST AIRLINE WOESThe Iran conflict has upended traffic ‌flows through ⁠Middle Eastern hubs such as Dubai, Doha and Abu Dhabi, creating acute challenges for Gulf carriers including Emirates, Qatar Airways and Etihad.

Walsh said he didn't think the conflict would do permanent damage to the Gulf as an aviation hub given its strategic geographic importance and the value of the popular Gulf carriers, which account for 14% of global capacity.

“That capacity cannot be replaced by airlines from other regions around the world," Walsh said.

"Once things settle down, I would expect the Gulf carriers to regain their important position in the market."

Adding to the strain is the slow ​pace of aircraft deliveries from Boeing and ​Airbus, along with engine delays from GE ⁠Aerospace and Pratt & Whitney, a unit of RTX, limiting airlines’ ability to expand fleets and improve efficiency.

Walsh said the industry is increasingly frustrated by the delays, particularly as engine makers post strong profits while airlines struggle. He estimates supply chain disruption cost airlines about $11 billion last year.

"We're ​disappointed that they're not moving faster. We're disappointed that they're not sharing the pain that the airline industry is sharing," he said.

Aircraft ​and engine makers have said ⁠that much of the delays are out of their control, stemming from post‑pandemic supply chain disruptions and political trade disputes.

Walsh said competition will eventually emerge from China, where Comac is developing aircraft to rival Boeing and Airbus, though it still faces certification hurdles in Europe and the United States and remains reliant on Western engines and avionics.

"Probably 10 to 15 years from now, people won't just ⁠talk about Airbus ​and Boeing. It'll be: Airbus, Boeing, Comac," he said.

As airlines come under financial strain and climate policies lose ​momentum in the U.S. under Donald Trump, industry leaders have grown more cautious about meeting a 2050 net zero emissions target.

Walsh said IATA is not ready to abandon the goal.

“I certainly believe it's more challenging to achieve net zero ​in 2050 because we've not made the progress that we had expected to see on the development of sustainable fuels," he said.

Reporting by Joe Brock; Editing by Sanjeev Miglani and Rod Nickel

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Joe Brock is Reuters' aerospace and defense editor, based in Los Angeles, where he leads a global team of reporters covering airlines, aerospace, weapons manufacturers, and the space industry. Joe has previously worked in Singapore, Johannesburg, Abuja and London as a reporter and bureau chief. He has received several awards for his investigative journalism, including from the Society for Advancing Business Editing and Writing and The Society of Publishers in Asia.

SummaryCompaniesIATA cuts 2026 profit forecast on fuel costs and war disruptionIran war drives up fuel bills, reroutes flights, hits marginsAirlines expected to cut routes, keep fares highRIO DE JANEIRO, June 7 (Reuters) - The global airline industry nearly halved its ​2026 profit forecast on Sunday, citing conflict in the Middle East that has driven up fuel costs, disrupted key air ‌corridors and exposed the fragility of a sector operating on thin margins.

The International Air Transport Association, which represents more than 370 airlines accounting for about 85% of global air traffic, said in its annual report that it now expects the industry to post a combined net profit of $23 billion in 2026, well below a previous projection of ​about $41 billion and down from $45 billion in 2025.

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The downgrade underscores airlines' exposure to geopolitical shocks and fuel volatility, even as passenger ​demand remains resilient, planes are flying fuller and revenues are set to rise to more than $1.1 trillion.

"There are two ⁠major factors: one is the significant increase in jet fuel prices, which has gone way higher than I think anybody would have expected, and ​then the disruption to the airlines in the Gulf region, so that combination has led us to reduce the forecast," IATA Director General Willie Walsh ​told Reuters at the group's annual meeting in Rio de Janeiro.

Walsh said he expects some smaller airlines to go bankrupt or be taken over by bigger carriers this year and next as higher fuel costs bite. U.S. low-cost carrier Spirit Airlines shut down last month, the first airline casualty of the Iran war.

Airlines are also expected to cut ​unprofitable routes to protect margins, while fares - which have surged since the start of the Iran war - are unlikely to fall soon, Walsh said.

"In ​an environment where demand remains pretty robust, but capacity comes down, that will likely lead to a situation where fares will remain elevated," Walsh said.

Jet fuel prices have jumped this week.People attend the International Air Transport Association (IATA) Annual General Meeting in Rio de Janeiro, Brazil, June 6, 2026. REUTERS/Tita Barros. Purchase Licensing Rights, opens new tab

FUEL COST SHOCK ‌WIPES OUT ⁠HIGHER REVENUESThe Middle East conflict, triggered by U.S. and Israeli airstrikes on Iran, has forced airlines to reroute flights around closed or restricted airspace, adding hours to some journeys, increasing fuel burn and straining already tight capacity.

At the same time, oil prices have surged on fears of supply disruption, pushing jet fuel prices sharply higher and widening refinery margins, leaving airlines facing a steep jump in their largest cost.

Gulf airlines such as Emirates, Qatar Airways ​and Etihad Airways face the greatest ​operational uncertainty after a near-complete ⁠shutdown of regional airspace at the start of the conflict.

Walsh said most regions should remain profitable, though at lower levels, while Middle East airlines are likely to slip into the red due to the conflict and weaker ​demand.

IATA expects airlines' fuel bill to surge to about $350 billion this year from roughly $252 billion in 2025, with ​fuel accounting for ⁠nearly a third of operating costs.

That is eroding profitability per passenger, with airlines now expected to earn about $4.50 per passenger, roughly half last year's level.

On the upside, IATA expects industry revenues to rise 9.4% to around $1.16 trillion this year, driven by steady travel demand, higher fares, and growing income from extras such ⁠as seat ​upgrades and onboard services.

Aircraft shortages are also squeezing the sector. Delivery delays at Boeing and ​Airbus are forcing airlines to keep older, less fuel-efficient planes in service for longer, raising maintenance bills and blunting efforts to improve margins, Walsh said.

Reporting by Gabriel Araujo, Luciana Magalhaes, Rajesh Kumar Singh and Allison Lampert. Writing by Joe Brock. Editing by Mark Potter

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Gabriel is a Sao Paulo, Brazil-based reporter covering Latin America's financial and breaking news from the region's largest economy. A graduate of the University of Sao Paulo, joined Reuters while in college as a Commodities & Energy intern and has been with the firm ever since. Previously covered sports - including soccer and Formula One - for Brazilian radios and websites.

Rajesh Kumar Singh is the U.S. Aviation Correspondent at Reuters, based in Chicago, where he reports on airlines, aircraft manufacturers, and regulatory developments that shape the global aviation industry. Prior to this role, he covered U.S. manufacturing and trade policy, including the U.S.–China trade wars, where his work delved into the disruption facing American businesses and the strategic responses of major corporations. He began his career with Reuters in India, where he reported on a wide range of issues covering the country's economic complexities—from its recovery after the global financial crisis to the challenges of inflation and governance.

On June 09, 2026, Alaska Air Group Inc ALK shares rose 6.8% today, reaching a current price of $45.13. This increase comes amid a 52-week range of $33.03 to $65.88, reflecting the stock's volatility over the past year.

GF Value™ verdict: Current price of $45.13 is 27.9% below the GF Value™ estimate of $62.62, indicating undervaluation.GF Score™: 77/100, suggesting the stock is above average in quality.Most notable signal: The financial strength score is 4/10, indicating some concerns in this area. Is ALK Overvalued or Undervalued? With a current price of $45.13 compared to the GF Value™ of $62.62, Alaska Air Group Inc appears undervalued by 27.9%. This discrepancy presents a potential opportunity for investors, as the market may not fully recognize the company's intrinsic value at this time. The GF Valuation label of "Modestly Undervalued" further supports this assessment, suggesting that while there is room for growth, caution should be exercised due to the inherent risks in the airline industry.

GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. Given the current valuation, ALK may be an attractive option, but investors should consider the company's financial strength and other risk factors before making decisions.

How Does ALK's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 85.2x 24.9x Forward P/E 370.3x N/A Currently, ALK's P/E (TTM) of 85.2x is significantly above its 5-year median P/E of 24.9x, indicating that the stock is trading at a premium compared to its historical average. This high P/E ratio suggests that market expectations may be overly optimistic, which is contrary to the undervaluation indicated by the GF Value™. Therefore, while the GF Value™ suggests a margin of safety, the elevated P/E ratio raises concerns about potential overvaluation.

What Does ALK's GF Score™ Tell Us? Metric Rating GF Score™ 77 Financial Strength 4/10 Profitability 7/10 Growth 8/10 Valuation 4/10 Momentum 5/10 The GF Score™ of 77/100 indicates that Alaska Air Group Inc is positioned above average in terms of quality, with its strongest areas being growth (8/10) and profitability (7/10). However, the financial strength score of 4/10 and valuation score of 4/10 highlight weaknesses that could be concerning for potential investors. The overall scores suggest that while the company has growth potential, its financial health and current valuation may warrant further scrutiny.

What Are Insiders Doing with ALK Stock? There have been no insider transactions in the last three months for Alaska Air Group Inc. This lack of activity may suggest that insiders currently do not see a compelling reason to buy or sell their shares, indicating a neutral sentiment regarding the company's performance or outlook at this time.

What This Means for Investors Based on the GF Value™ assessment, Alaska Air Group Inc appears to be undervalued at the current price of $45.13. However, potential investors should consider the company's financial strength and high P/E ratio, which may indicate risks that could affect future performance.

For the complete analysis, visit the Alaska Air Group Inc ALK 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 ALK's GF Score™?

ALK's GF Score™ is 77/100, indicating above-average quality and potential for long-term returns based on key financial metrics.

Is ALK overvalued or undervalued?

ALK is currently undervalued, with a GF Value™ of $62.62 compared to its market price of $45.13, suggesting a potential investment opportunity.

What is ALK's P/E ratio?

ALK's P/E (TTM) is 85.2x, which is significantly higher than its 5-year median of 24.9x, indicating it is trading at a premium compared to its historical valuations.

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].

Alaska's latest livery acts as a tribute to Seattle sports and the many people working to bring an amazing soccer experience to the Pacific Northwest

, /PRNewswire/ -- Seattle is getting ready to welcome the world, and Alaska Airlines is marking the moment with a new aircraft livery launched as an Official Seattle World Cup 2026™ Host City Supporter, in partnership with Qatar Airways.

As Seattle's hometown global airline, Alaska is proud to unveil the custom aircraft decal honoring SeattleFWC26, a tribute to the many people working to bring an unforgettable tournament experience to the Pacific Northwest.

Alaska's latest custom aircraft decal honoring SeattleFWC26 Displayed on a Boeing 737-9 MAX with tail number 985AK, the design features the Seattle Host City logo alongside a dynamic soccer ball in motion, symbolizing the speed, excitement and momentum of the game. Inspired by elements from the official Seattle Host City poster, the livery also incorporates the iconic whale tail graphic, creating a distinctive connection to the Pacific Northwest and Seattle's maritime heritage. On the underside of the aircraft, the bold declaration "WE ARE SEATTLE" serves as a powerful statement of Alaska's pride in its hometown and reflects the airline's commitment to welcoming fans from across its network and beyond.

"We could not ask for a better hometown supporter than Alaska Airlines to carry Seattle and our region's story to the world," said Peter Tomozawa, CEO of SeattleFWC26. "This livery is more than a design; it is a reflection of who we are as the Pacific Northwest, innovative, welcoming, and proud, and an open invitation to experience that firsthand."

The airline's partnership with SeattleFWC26 also supports key community initiatives throughout the spring and summer, including: support for last month's inaugural Blind Soccer international tournament, community art installations highlighting the airline's nonprofit partnerships in the Seattle-area such as Northwest Association for Blind Athletes and the Museum of Flight and a flag raising ceremony where Alaska will join other Host City Supporters to help raise the Seattle Host City Flag atop the Space Needle.

"We are honored to welcome the world to Seattle alongside the local Seattle FIFA World Cup Host Committee," said Eric Edge, Vice President of Brand and Marketing at Alaska Airlines. "Our new livery is a celebration of our hometown and everything it has to offer, as well as a recognition of Alaska's growing connection to destinations around the globe."

Images and videos of the aircraft can be found at news.alaskaair.com.

About Alaska, Hawaiian and Horizon
Alaska Airlines, Hawaiian Airlines and Horizon Air are subsidiaries of Alaska Air Group, and McGee Air Services is a subsidiary of Alaska Airlines. We are a global airline with hubs in Seattle, Honolulu, Portland, Anchorage, Los Angeles, San Diego and San Francisco. We deliver remarkable care as we fly our guests to more than 140 destinations throughout North America, Latin America, Asia, the Pacific and Europe. Guests can book travel at alaskaair.com and hawaiianairlines.com. Alaska and Hawaiian are members of the oneworld alliance. Members of our Atmos Rewards loyalty program can earn and redeem points with oneworld airlines and our additional global partners that serve over 1,000 worldwide destinations. Learn more about what's happening at Alaska and Hawaiian at news.alaskaair.com. Alaska Air Group is traded on the New York Stock Exchange (NYSE) as "ALK." 

About Seattle FIFA World Cup 26™ Local Organizing Committee
SeattleFWC26 is the local organizing committee for Seattle's participation as one of the 16 Host Cities selected for the FIFA World Cup 26™. As a not-for-profit organization, SeattleFWC26's vision is to foster a lasting legacy for our region, guided by the spirit of soccer, innovation, and inclusion. To keep up to date on the latest news and involvement opportunities with SeattleFWC26, please visit https://www.seattlefwc26.org.

SOURCE Alaska Airlines

Patterson-UTI (PTEN - Free Report) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.1. This compares to break-even earnings per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +40.77%. A quarter ago, it was expected that this provider of onshore contract drilling services would post a loss of $0.11 per share when it actually produced a loss of $0.02, delivering a surprise of +81.82%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Patterson-UTI, which belongs to the Zacks Oil and Gas - Drilling industry, posted revenues of $1.12 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 3.13%. This compares to year-ago revenues of $1.28 billion. The company has topped consensus revenue estimates four 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.

Patterson-UTI shares have added about 72.8% since the beginning of the year versus the S&P 500's gain of 3.2%.

What's Next for Patterson-UTI?While Patterson-UTI has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Patterson-UTI was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.08 on $1.1 billion in revenues for the coming quarter and -$0.31 on $4.39 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Oil and Gas - Drilling is currently in the top 39% 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.

Noble Corporation PLC (NE - 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 April 26.

This company is expected to post quarterly earnings of $0.21 per share in its upcoming report, which represents a year-over-year change of -19.2%. The consensus EPS estimate for the quarter has been revised 19.4% higher over the last 30 days to the current level.

Noble Corporation PLC's revenues are expected to be $728.18 million, down 16.7% from the year-ago quarter.

On April 23, 2026, Patterson-UTI Energy Inc PTEN shares rose 3.0% today, closing at $11.14. The stock has shown notable price performance over the past year, with a 100.0% increase. The shares have traded within a 52-week range of $5.10 to $11.75.

GF Value™ verdict: PTEN is trading at $11.14, which is 37.4% above its GF Value™ of $8.11, indicating it is overvalued.GF Score™: PTEN has a score of 68/100, which is considered above average.Most notable signal: Insiders have sold $5.1M worth of shares in the last 3 months, with no buying activity recorded. Is PTEN Overvalued or Undervalued? Patterson-UTI Energy Inc's current price of $11.14 is significantly above the calculated GF Value™ of $8.11, suggesting the stock is overvalued by 37.4%. This overvaluation presents a risk for potential investors, as the market price does not reflect the estimated intrinsic value based on historical performance and future expectations. GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. The GF Valuation label indicates that the stock is significantly overvalued, which could lead to a price correction if market conditions shift.

The margin of safety in this scenario is notably slim, as the current price surpasses the GF Value™ by a substantial margin. Investors may want to consider the implications of this overvaluation before making investment decisions, particularly given the lack of insider buying activity, which could signal a lack of confidence in the stock's current pricing.

How Does PTEN's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 756.5x 11.3x The current forward P/E ratio of 756.5x is significantly above the 5-year median P/E of 11.3x, indicating that PTEN is trading at an exceptionally high valuation compared to its historical levels. This analysis aligns with the GF Value™ verdict, reinforcing the notion that PTEN is overvalued at its current price.

What Does PTEN's GF Score™ Tell Us? Metric Rating GF Score™ 68/100 Financial Strength 6/10 Profitability 5/10 Growth 4/10 Valuation 5/10 Momentum 3/10 The GF Score™ of 68/100 indicates that PTEN is positioned well above average in terms of its overall quality. However, the mixed scores reveal areas of concern, particularly in momentum, which is rated at only 3/10, suggesting weaker price performance relative to its peers. Financial strength is moderately rated at 6/10, while profitability and valuation rankings are both at 5/10, indicating stable but not exceptional performance in these areas. The growth rank of 4/10 indicates potential for improvement, which may not be fully realized in the current overvalued market price.

What Are Insiders Doing with PTEN Stock? Recent insider activity has shown a notable trend, with insiders selling $5.1 million worth of shares in the past three months and no recorded buying. This pattern often signals a lack of confidence in the company's future prospects from those closest to the business. The absence of insider buying could be interpreted as a sign that insiders do not view the current price as an attractive entry point, which may warrant caution for potential investors.

What This Means for Investors Based on the analysis of GF Value™, Patterson-UTI Energy Inc PTEN is currently overvalued. This assessment is supported by both the current price relative to GF Value™ and the high forward P/E ratio compared to historical norms. Potential investors may want to exercise caution when considering PTEN at this valuation level.

For the complete analysis, visit the Patterson-UTI Energy Inc PTEN 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 PTEN's GF Score™?

PTEN's GF Score™ is 68/100, indicating that the stock is above average in terms of overall quality and potential for long-term returns.

Is PTEN overvalued or undervalued?

PTEN is currently overvalued, trading at 37.4% above its GF Value™ of $8.11.

What is PTEN's P/E ratio?

PTEN's forward P/E ratio is 756.5x, which is significantly higher than its 5-year median P/E of 11.3x, indicating that the stock is trading at an inflated 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].

The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Bloom Energy (BE - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Oils-Energy peers, we might be able to answer that question.

Bloom Energy is a member of our Oils-Energy group, which includes 240 different companies and currently sits at #1 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Bloom Energy is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for BE's full-year earnings has moved 109.7% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Our latest available data shows that BE has returned about 173.4% since the start of the calendar year. Meanwhile, stocks in the Oils-Energy group have gained about 28.8% on average. This shows that Bloom Energy is outperforming its peers so far this year.

One other Oils-Energy stock that has outperformed the sector so far this year is Patterson-UTI (PTEN - Free Report) . The stock is up 82.3% year-to-date.

The consensus estimate for Patterson-UTI's current year EPS has increased 19.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

Looking more specifically, Bloom Energy belongs to the Alternative Energy - Other industry, which includes 51 individual stocks and currently sits at #75 in the Zacks Industry Rank. On average, this group has gained an average of 26.1% so far this year, meaning that BE is performing better in terms of year-to-date returns.

Patterson-UTI, however, belongs to the Oil and Gas - Drilling industry. Currently, this 8-stock industry is ranked #159. The industry has moved +56.8% so far this year.

Going forward, investors interested in Oils-Energy stocks should continue to pay close attention to Bloom Energy and Patterson-UTI as they could maintain their solid performance.

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the "long context," investors will essentially be "buying high, but hoping to sell even higher." And for investors following 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 in that direction. 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 Patterson-UTI (PTEN - Free Report) , a company that currently holds a Momentum Style Score of A. 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. Patterson-UTI 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 PTEN that show why this provider of onshore contract drilling services shows promise as a solid momentum pick.

Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. 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 PTEN, shares are up 20.28% over the past week while the Zacks Oil and Gas - Drilling industry is up 5.92% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 19.32% compares favorably with the industry's 8.49% performance as well.

While any stock can see its price increase, it takes a real winner to consistently beat the market. That is why looking at longer term price metrics -- such as performance over the past three months or year -- can be useful as well. Over the past quarter, shares of Patterson-UTI have risen 55.35%, and are up 118.97% in the last year. On the other hand, the S&P 500 has only moved 2.81% and 29.8%, respectively.

Investors should also take note of PTEN'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. Right now PTEN is averaging 10,328,673 shares for the last 20 days..

Earnings OutlookThe Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with PTEN.

Over the past two months, 8 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost PTEN's consensus estimate, increasing from -$0.34 to -$0.22 in the past 60 days. Looking at the next fiscal year, 7 estimates have moved upwards while there have been no downward revisions in the same time period.

Bottom LineGiven these factors, it shouldn't be surprising that PTEN is a #2 (Buy) stock and boasts a Momentum Score of A. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep Patterson-UTI on your short list.

On May 6, 2026, Lisanti Capital Growth disclosed a new position in Patterson-UTI Energy (PTEN +1.26%), acquiring 896,470 shares in an estimated $7.67 million trade based on quarterly average pricing.

What happenedAccording to the SEC filing dated May 6, 2026, Lisanti Capital Growth initiated a new position in Patterson-UTI Energy (PTEN +1.26%) by acquiring 896,470 shares. The estimated value of the trade was $7.67 million, calculated using the average closing price during the first quarter of 2026. The quarter-end valuation of the stake stood at $9.71 million, reflecting both the position size and price performance during the period.

What else to knowThis was a new position, representing 2.45% of the fund’s 13F reportable assets under management at quarter-end.Top holdings after the filing:NASDAQ: FIVE: $9.74 million (2.5% of AUM)NASDAQ: PTEN: $9.71 million (2.5% of AUM)NYSE: CRS: $8.27 million (2.1% of AUM)NYSE: MOD: $8.08 million (2.0% of AUM)NASDAQ: BTSG: $8.07 million (2.0% of AUM)As of May 6, 2026, shares of Patterson-UTI Energy were priced at $11.58, up about 120% over the past year and significantly outperforming the S&P 500 by about 90 percentage points.Company overviewMetricValueRevenue (TTM)$4.66 billionNet income (TTM)($119.27 million)Dividend yield3%Price (as of May 6, 2026)$11.58Company snapshotPatterson-UTI Energy provides contract drilling, pressure pumping, and directional drilling services, with a focus on onshore oil and gas operations in the United States and select international markets.The company generates revenue primarily from drilling contracts, well stimulation, and related oilfield services, leveraging a large fleet of land-based rigs and specialized equipment.Its primary customers are oil and natural gas exploration and production companies seeking efficient, technologically advanced drilling and completion solutions.Patterson-UTI Energy is a leading provider of onshore contract drilling and pressure pumping services, operating a substantial fleet and serving major oil and gas regions across North America. The company differentiates itself through integrated service offerings, advanced drilling technology, and a broad geographic footprint. Its scale and technical expertise position it to support complex drilling projects and adapt to evolving customer needs in the energy sector.

What this transaction means for investorsThis purchase looks like it could be a bet that the oilfield services cycle still has room to run, even after Patterson-UTI shares more than doubled over the past year. The stock’s rally has already priced in a lot of optimism, but management’s latest commentary suggests activity levels may finally be stabilizing after a choppy stretch for the industry.

Patterson-UTI reported first-quarter revenue of $1.1 billion and adjusted EBITDA of $205 million, while executives pointed to improving commodity prices and stronger customer demand heading into the second quarter. Management also said it plans to reactivate drilling rigs later this quarter and expects additional rigs to come back online in the second half of 2026.

That said, the quarter was not flawless. The company posted a net loss of roughly $25 million, while completion services revenue slipped from the prior year amid weather disruptions and softer activity earlier in the quarter.

Still, for the longer-term, if oil prices stay supportive and rig utilization improves as management expects, Patterson-UTI could still have operating leverage left despite the stock’s huge move over the past year, and that might be why Lisanti Capital Growth bought in last quarter.

Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Modine Manufacturing. The Motley Fool recommends Five Below. The Motley Fool has a disclosure policy.

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.

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 value investors might notice is PattersonUTI Energy (PTEN - Free Report) . PTEN is currently sporting a Zacks Rank #2 (Buy), as well as a Value grade of A.

Another notable valuation metric for PTEN is its P/B ratio of 0.62. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 1.84. PTEN's P/B has been as high as 1.06 and as low as 0.61, with a median of 0.80, over the past year.

Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. PTEN has a P/S ratio of 0.97. This compares to its industry's average P/S of 1.9.

These are only a few of the key metrics included in PattersonUTI Energy's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, PTEN looks like an impressive value stock at the moment.

Key Takeaways FLOC Q1 EBITDA margin hit 40.8% and rental revenues were nearly 60%; PTEN posted $205M adjusted EBITDA.FLOC bought Valiant in March 2026 to add ESP; PTEN is upgrading fleet to natural gas-powered gear.FLOC 7x fwd P/B vs PTEN ~1.5x; 2027 EPS 14% for FLOC vs 130% for PTEN. The oilfield services industry is gaining attention as producers focus on improving drilling efficiency, maximizing output from existing wells and responding to a more constructive energy-price backdrop. Flowco Holdings (FLOC - Free Report) and Patterson-UTI Energy (PTEN - Free Report) both serve this market, but in different ways. Flowco is more focused on production optimization, artificial lift and emissions-management solutions, while Patterson-UTI has broader exposure to drilling, completions and drilling products. Both companies recently reported better-than-expected first-quarter results, but their risk-reward profiles are not identical.

The Case for Flowco

Flowco delivered a strong first quarter of 2026, with revenues of $209.5 million, adjusted EBITDA of $85.5 million and free cash flow of $52.3 million. Its business is tied closely to helping oil and gas producers get more from wells that are already producing. This is important because many producers today are focused on improving returns from existing assets rather than only drilling new wells.

The company’s Production Solutions segment is a key growth driver. In the first quarter, the segment generated $140 million in revenues and $61 million of adjusted segment EBITDA. Flowco benefits from demand for high-pressure gas lift, electric submersible pumps and other artificial-lift technologies that help bring oil and gas to the surface more efficiently. Its acquisition of Valiant Artificial Lift Solutions, completed in March 2026, expanded Flowco into electric submersible pumps, giving it a broader product portfolio across a well’s life cycle.

Flowco also has a strong margin profile. Its first-quarter adjusted EBITDA margin was 40.8%, helped by a rental-heavy model that provides recurring revenues and better visibility. Rental revenues represented nearly 60% of total revenues during the quarter, which makes the company’s cash flows more stable than a purely equipment-sales business.

The Case for Patterson-UTI

Patterson-UTI is a larger and more diversified oilfield services company. It operates in drilling services, completion services and drilling products, giving it broader exposure to any improvement in U.S. land drilling and completions activity. In the first quarter of 2026, PTEN reported total revenues of $1.1 billion and adjusted EBITDA of $205 million. Although it posted a net loss, the loss was narrower than expected.

PTEN’s Drilling Services segment reported $352 million in revenues and $134 million of adjusted gross profit. The company averaged 92 U.S. rigs working during the quarter. Management expects to reactivate rigs as activity improves, with a second-quarter exit rate above the quarterly average. This gives Patterson-UTI good leverage for a rebound in drilling activity.

Its Completion Services business also looks well-positioned. First-quarter revenues were $680 million, and management noted that utilization of active equipment remained high despite winter storm disruptions. PTEN is also focused on upgrading its fleet with natural gas-powered equipment instead of extending the life of older diesel assets. This should help it remain competitive as customers increasingly prefer cleaner and more efficient technologies.

Price Performance

Both stocks have rallied sharply, reflecting investor optimism about the oilfield services space. FLOC has gained nearly 70% over the past six months, while PTEN has surged 118.4%. PTEN’s stronger share-price performance suggests that investors are more aggressively pricing in a recovery in drilling and completions activity. However, such a sharp move also means that expectations are higher for both stocks.

Image Source: Zacks Investment Research

Valuation

Valuation favors Patterson-UTI. On a forward price-to-book basis, FLOC trades at more than 7X, while PTEN trades at about 1.5X. This is a wide gap. Flowco’s premium valuation reflects its higher margins, rental model and growth potential from Valiant. Still, for a layman, PTEN looks cheaper on this measure.

Image Source: Zacks Investment Research

EPS Estimate Revisions

The Zacks Consensus Estimate for PTEN’s earnings points to a 54% decline in 2026, followed by 130% growth in 2027.

Image Source: Zacks Investment Research

For FLOC, the estimate indicates a 34% decline in 2026 and 14% growth in 2027. This means both companies face some near-term earnings pressure, but PTEN is expected to show a much sharper rebound next year. That stronger projected recovery supports the bullish case for Patterson-UTI.

Image Source: Zacks Investment Research

Conclusion

Flowco is a high-quality, specialized oilfield services company with strong margins, recurring rental revenues and added growth potential from the Valiant acquisition. However, Patterson-UTI offers broader exposure to a recovery in drilling and completions, trades at a much lower valuation and has stronger expected earnings growth in 2027. Given these factors, PTEN carries a Zacks Rank #2 (Buy) and therefore looks slightly better at the moment than FLOC, which is a Zacks Rank #3 (Hold) stock.

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

What happenedAccording to a Securities and Exchange Commission (SEC) filing dated May 15, 2026, Sourcerock Group LLC increased its position in Patterson-UTI Energy (PTEN +1.26%) by 713,127 shares. The fund’s quarter-end valuation for this stake shifted by $81.34 million, reflecting both trading activity and price changes.

What else to knowThis Patterson-UTI Energy buy now represents 7.12% of the fund’s 13F reportable assets.

Top holdings after the filing:

NYSE: AR: $352.50 million (14.8% of AUM)NYSE: CRC: $314.67 million (13.2% of AUM)NASDAQ: CHRD: $183.64 million (7.7% of AUM)NYSE: NE: $180.64 million (7.6% of AUM)NASDAQ: CENX: $157.71 million (6.6% of AUM)As of May 14, 2026, Patterson-UTI Energy shares were priced at $12.12.

Company/ETF overviewMetricValueRevenue (TTM)$4.66 billionNet income (TTM)$-119.27 millionDividend yield3.30%Price (as of market close May 14, 2026)$12.12Company/ETF snapshotPatterson-UTI Energy delivers drilling and well completion services to oil and gas operators in North America and select global regions. Patterson-UTI Energy, Inc. is a leading provider of contract drilling and well completion services to the energy sector, with a diverse portfolio spanning drilling, pressure pumping, and directional drilling.

The company provides onshore contract drilling, pressure pumping, and directional drilling services for oil and natural gas operators, with additional offerings in well stimulation, hydraulic fracturing, and drilling technology solutions. It operates a service-based business model, generating revenue primarily from drilling contracts and well completion services across major U.S. oil and gas basins and select international markets.

Patterson-UTI Energy leverages a large fleet and advanced drilling technologies to deliver efficient, high-quality services to oil and gas operators across North America and select international locations. Its integrated service offerings and scale position it as a key partner for operators seeking reliable and technologically advanced drilling solutions.

What this transaction means for investorsPatterson-UTI Energy provides the rigs, pressure-pumping crews, and wellsite services that oil and gas producers use to drill and complete wells. That makes the company different from an energy producer: commodity prices matter because they shape customer budgets, but Patterson-UTI earns its money from operator activity. The key is whether drilling and completion demand can keep crews busy, support pricing, and justify investment in newer equipment.T

he first quarter showed that having busy equipment does not always lead to strong earnings. Patterson-UTI brought in $1.1 billion in revenue and $205 million in adjusted EBITDA, but still reported a $25 million net loss for common shareholders. Completion Services was still the largest segment, with about $680 million in revenue, but turning that into profit is still a challenge. Management said that completion equipment stayed busy except during winter storms, but the company needs better pricing and cost control for this activity to have a bigger impact on earnings.

For investors, the next thing Patterson-UTI needs to show is better financial results from drilling and completion work. Rig activity, demand for pressure-pumping, and using natural gas-powered equipment are all important. However, the stock will be more attractive if the company can get better prices for its work, keep its modern fleets busier, and generate free cash flow that proves it can earn stronger returns over time.

Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Is Patterson-UTI (PTEN - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.

Patterson-UTI is a member of our Oils-Energy group, which includes 238 different companies and currently sits at #3 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Patterson-UTI is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for PTEN's full-year earnings has moved 51.7% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Based on the latest available data, PTEN has gained about 88.7% so far this year. Meanwhile, the Oils-Energy sector has returned an average of 26.1% on a year-to-date basis. This means that Patterson-UTI is performing better than its sector in terms of year-to-date returns.

Another stock in the Oils-Energy sector, Ring Energy (REI - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 51.7%.

In Ring Energy's case, the consensus EPS estimate for the current year increased 410% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

To break things down more, Patterson-UTI belongs to the Oil and Gas - Drilling industry, a group that includes 8 individual companies and currently sits at #73 in the Zacks Industry Rank. On average, stocks in this group have gained 58.2% this year, meaning that PTEN is performing better in terms of year-to-date returns.

In contrast, Ring Energy falls under the Oil and Gas - Exploration and Production - United States industry. Currently, this industry has 34 stocks and is ranked #95. Since the beginning of the year, the industry has moved +23.5%.

Investors interested in the Oils-Energy sector may want to keep a close eye on Patterson-UTI and Ring Energy as they attempt to continue their solid performance.

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 Patterson-UTI (PTEN - Free Report) , a company that currently holds a Momentum Style Score of A. 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. Patterson-UTI 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? In order to see if PTEN is a promising momentum pick, let's examine some Momentum Style elements to see if this provider of onshore contract drilling services holds up.

Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. 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 PTEN, shares are up 2.68% over the past week while the Zacks Oil and Gas - Drilling industry is flat over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 0.17% compares favorably with the industry's 0.17% performance as well.

While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Shares of Patterson-UTI have increased 11.92% over the past quarter, and have gained 89.29% in the last year. In comparison, the S&P 500 has only moved 7.44% and 21.61%, respectively.

Investors should also take note of PTEN'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. Right now PTEN is averaging 7,655,248 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 PTEN.

Over the past two months, 8 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost PTEN's consensus estimate, increasing from -$0.32 to -$0.15 in the past 60 days. Looking at the next fiscal year, 8 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 PTEN is a #2 (Buy) stock with a Momentum Score of A. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Patterson-UTI on your short list.

Evergy has raised its payout for 23 consecutive years, which puts it on track to soon become a Dividend Aristocrat. A series of recent data center signings is likely to further accelerate the regulated electric utility's growth trajectory. Evergy's BBB+ S&P credit rating can support its huge five-year capital spending plan.

Posted by Defense World Staff on Apr 13th, 2026

Massachusetts Financial Services Co. MA decreased its position in Evergy Inc. (NASDAQ:EVRG – Free Report) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,993,279 shares of the company’s stock after selling 53,508 shares during the period. Massachusetts Financial Services Co. MA owned 0.87% of Evergy worth $144,493,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Synergy Asset Management LLC grew its stake in shares of Evergy by 100.0% in the 3rd quarter. Synergy Asset Management LLC now owns 148,940 shares of the company’s stock valued at $11,322,000 after buying an additional 74,470 shares during the period. Caprock Group LLC purchased a new position in Evergy during the third quarter worth about $1,482,000. ANTIPODES PARTNERS Ltd purchased a new position in Evergy during the third quarter worth about $72,860,000. Oppenheimer Asset Management Inc. boosted its stake in Evergy by 9.9% during the third quarter. Oppenheimer Asset Management Inc. now owns 209,307 shares of the company’s stock worth $15,912,000 after buying an additional 18,783 shares during the period. Finally, iA Global Asset Management Inc. boosted its stake in Evergy by 207.0% during the third quarter. iA Global Asset Management Inc. now owns 22,624 shares of the company’s stock worth $1,720,000 after buying an additional 15,254 shares during the period. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Key Evergy News Here are the key news stories impacting Evergy this week:

Positive Sentiment: BTIG initiated coverage with a “Buy” rating and a $99 price target (roughly +18% upside vs. current levels), giving investors a clear bullish analyst catalyst. Evergy (NASDAQ:EVRG) Now Covered by BTIG Research Positive Sentiment: Zacks Research nudged up near‑term and full‑year EPS estimates (examples cited: Q1 2026/2027 and Q3 2026 increases; FY2026 raised to $4.24), which supports modest upward revisions to earnings expectations and can justify a higher multiple over time. Zacks estimates summary Neutral Sentiment: Research writeups compiling analyst Q4 expectations have been published, helping set the near‑term earnings narrative but not introducing major new surprises. Investors will watch upcoming official Q4 results for confirmation. Research Analysts Set Expectations for Evergy Q4 Earnings Neutral Sentiment: Context: the stock is trading near its 50‑ and 200‑day moving averages with below‑average intraday volume, and a mid‑20s PE — analyst upgrades provide upside rationale, but muted volume and valuation mean moves may be gradual rather than immediate. Analyst Ratings Changes EVRG has been the subject of several research analyst reports. Barclays increased their target price on shares of Evergy from $82.00 to $89.00 and gave the stock an “overweight” rating in a research note on Monday, March 9th. Citigroup increased their target price on shares of Evergy from $89.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Wall Street Zen raised shares of Evergy from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Evergy in a research note on Monday, December 29th. Finally, Wells Fargo & Company increased their target price on shares of Evergy from $79.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $89.00.

Read Our Latest Stock Analysis on EVRG

Insider Transactions at Evergy In other news, SVP Heather A. Humphrey sold 3,650 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $82.61, for a total transaction of $301,526.50. Following the sale, the senior vice president owned 44,007 shares of the company’s stock, valued at approximately $3,635,418.27. This represents a 7.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Charles L. King sold 2,440 shares of the stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $82.19, for a total transaction of $200,543.60. Following the sale, the senior vice president directly owned 18,359 shares in the company, valued at $1,508,926.21. This represents a 11.73% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 8,937 shares of company stock valued at $736,492. 1.52% of the stock is currently owned by corporate insiders.

Evergy Price Performance Shares of EVRG opened at $83.58 on Monday. The stock has a market capitalization of $19.25 billion, a PE ratio of 22.77, a P/E/G ratio of 2.16 and a beta of 0.61. Evergy Inc. has a 1 year low of $63.29 and a 1 year high of $85.27. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.27 and a current ratio of 0.49. The company’s 50-day simple moving average is $81.36 and its 200-day simple moving average is $77.61.

Evergy (NASDAQ:EVRG – Get Free Report) last issued its quarterly earnings results on Saturday, January 31st. The company reported $0.42 earnings per share (EPS) for the quarter. Evergy had a net margin of 14.35% and a return on equity of 8.79%. Analysts forecast that Evergy Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 10th were given a dividend of $0.695 per share. This represents a $2.78 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Tuesday, March 10th. Evergy’s dividend payout ratio is currently 75.75%.

Evergy Profile (Free Report)

Evergy, Inc is a regulated electric utility that generates, transmits and distributes electricity to residential, commercial and industrial customers primarily across Kansas and western Missouri. The company provides core utility services including retail electric delivery, grid operations, customer service and outage restoration, operating under state regulatory frameworks. Evergy serves a mix of urban and rural communities, including portions of the Kansas City metropolitan area and other population centers in its service territory.

The company’s business activities span power generation, system planning, transmission and distribution infrastructure, and customer-facing programs such as energy efficiency and demand-side management.

See Also Five stocks we like better than Evergy

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KANSAS CITY, Mo.--(BUSINESS WIRE)--On Tuesday, May 5, 2026, Evergy, Inc. (NASDAQ: EVRG) will conduct its 2026 Annual Meeting of Shareholders. The virtual meeting will begin at 11:00 a.m. Eastern (10:00 a.m. Central) and can be accessed at www.virtualshareholdermeeting.com/EVRG2026. To participate, all shareholders must enter the control number found on their proxy cards or voting instruction forms. At the meeting, shareholders will vote to elect 12 members of the Board of Directors and other business matters set forth in the notice of the meeting.

About Evergy, Inc.

Evergy, Inc. (NASDAQ: EVRG), serves 1.7 million customers in Kansas and Missouri. Evergy’s mission is to empower a better future. We are leading the way in delivering affordable, reliable and sustainable energy that creates the foundation for thriving and growing communities. Our focus is on delivering reliable power while keeping bills as low as possible. We value innovation and adaptability to give our customers better ways to manage their energy use, to create a safe and rewarding workplace for our employees and to add value for our investors. Headquartered in Kansas City, our employees live, work and volunteer in the communities we serve.

For more information about Evergy, Inc., visit us at www.evergy.com and investors.evergy.com.

More News From Evergy, Inc.

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KANSAS CITY, Mo.--(BUSINESS WIRE)--Evergy, Inc. (NASDAQ: EVRG) today announced first quarter 2026 GAAP earnings of $151.5 million, or $0.64 per share, compared to GAAP earnings of $125.0 million, or $0.54 per share, for the first quarter 2025.

Evergy’s first quarter 2026 adjusted earnings (non-GAAP) and adjusted earnings per share (non-GAAP) were $161.8 million and $0.69 per share, respectively, compared to $127.8 million and $0.55, respectively, in first quarter 2025. Adjusted earnings (non-GAAP) and adjusted earnings per share (non-GAAP) are reconciled to GAAP earnings in the financial table included in this release.

Relative to the same period in 2025, first quarter 2026 adjusted earnings (non-GAAP) per share benefited from recovery of regulated investments, growth in weather-normalized demand and higher large customer and other revenues. These favorable results were partially offset by mild winter weather, higher operations and maintenance expense, and higher depreciation and amortization expense.

“We continued to advance our large customer strategy in the first quarter and are pleased to announce the signing of an electric service agreement for a large customer project in our Kansas Central service territory,” said David Campbell, chairman and chief executive officer. “Beginning in 2027, the customer will take service under our large load power service (LLPS) tariff, the framework under which new large customers will pay a premium rate that covers their fair share of existing and new system costs to drive affordability benefits for existing customers and enhance economic growth.

“Financial results were solid despite mild weather in the first quarter, and we remain on track to achieve our 2026 adjusted EPS guidance of $4.14 to $4.34. We are also reaffirming our long-term adjusted EPS annual growth target of 6% to 8%+ through 2030 off the 2026 midpoint, with the expectation that annual EPS growth will exceed 8% beginning in 2028 and through 2030.”

Earnings Guidance

The Company reaffirmed its 2026 adjusted EPS (non-GAAP) guidance range of $4.14 to $4.34. Additionally, the Company reaffirmed its long-term adjusted EPS (non-GAAP) annual growth target of 6% to 8%+ through 2030 based on the 2026 adjusted EPS (non-GAAP) guidance midpoint of $4.24. The Company expects annual adjusted EPS growth to exceed 8% beginning in 2028 and through 2030. Adjusted EPS (non-GAAP) could differ from GAAP EPS for items such as impairments, divestitures, mark-to-market impacts, the impact of regulatory orders, or changes in accounting principles. Evergy management is not able to forecast if any of these items will occur or any amounts that may be reported for future periods. Therefore, Evergy is not able to provide a corresponding GAAP equivalent for 2026 or future years’ adjusted EPS (non-GAAP) guidance.

Dividend Declaration

The Board of Directors declared a dividend on the Company’s common stock of $0.6950 per share payable on June 18, 2026. The dividends are payable to shareholders of record as of May 22, 2026.

Earnings Conference Call

Evergy management will host a conference call Thursday, May 7, 2026, with the investment community at 9:00 a.m. ET (8:00 a.m. CT). To view the webcast and presentation slides, please go to investors.evergy.com. To access via phone, investors and analysts will need to register using this link where they will be provided a phone number and access code.

This earnings announcement, a package of detailed first quarter financial information, the Company's quarterly report on Form 10-Q for the period ended March 31, 2026, and other filings the Company has made with the Securities and Exchange Commission are available on the Company's website at http://investors.evergy.com.

Adjusted Earnings (non-GAAP) and Adjusted Earnings Per Share (non-GAAP)

Management believes that adjusted earnings (non-GAAP) and adjusted EPS (non-GAAP) are representative measures of Evergy's recurring earnings, assist in the comparability of results and are consistent with how management reviews performance.

Evergy's adjusted earnings (non-GAAP) and adjusted EPS (non-GAAP) for the three months ended March 31, 2026, were $161.8 million or $0.69 per share. For the three months ended March 31, 2025, Evergy's adjusted earnings (non-GAAP) and adjusted EPS (non-GAAP) were recast to conform to the current year calculation of adjusted earnings (non-GAAP) and adjusted EPS (non-GAAP), resulting in adjusted earnings (non-GAAP) and adjusted EPS (non-GAAP) of $127.8 million or $0.55 per share.

In addition to net income attributable to Evergy, Inc. and diluted EPS, Evergy's management uses adjusted earnings (non-GAAP) and adjusted EPS (non-GAAP) to evaluate earnings and EPS without:

losses from the repurchase of a portion of Evergy's Convertible Notes; and unrealized gains and losses from non-regulated investments in early-stage clean energy and energy solution companies and costs related to the disposal of these investments. Adjusted earnings (non-GAAP) and adjusted EPS (non-GAAP) are intended to aid an investor's overall understanding of results. Management believes that adjusted earnings (non-GAAP) provides a meaningful basis for evaluating Evergy's operations across periods because it excludes certain items that management does not believe are indicative of Evergy's ongoing performance or that can create period to period earnings volatility.

Adjusted earnings (non-GAAP) and adjusted EPS (non-GAAP) are used internally to measure performance against budget and in reports for management and the Evergy Board. Adjusted earnings (non-GAAP) and adjusted EPS (non-GAAP) are financial measures that are not calculated in accordance with GAAP and may not be comparable to other companies' presentations or more useful than the GAAP information provided elsewhere in this report.

The following table provides a reconciliation between net income attributable to Evergy, Inc. and diluted EPS as determined in accordance with GAAP and adjusted earnings (non-GAAP) and adjusted EPS (non-GAAP), respectively.

Evergy, Inc

Consolidated Earnings and Diluted Earnings Per Share

(Unaudited)

  Earnings

(Loss)

Earnings

(Loss)

per

Diluted

Share

Earnings

(Loss)

Earnings

(Loss)

per

Diluted

Share

Three Months Ended March 31

2026

2025

(millions, except per share amounts)

Net income attributable to Evergy, Inc.

$

151.5

$

0.64

$

125.0

$

0.54

Non-GAAP reconciling items:

Losses from the repurchase of convertible notes, pre-tax(a)

10.3

0.05

—

—

Losses from investments in early-stage clean energy and energy solution companies, pre-tax(b)

0.4

—

3.6

0.01

Income tax benefit (c)

(0.4)

—

(0.8)

—

Adjusted earnings (non-GAAP)

$

161.8

$

0.69

$

127.8

$

0.55

About Evergy

Evergy, Inc. (NASDAQ: EVRG) serves 1.7 million customers in Kansas and Missouri. Evergy’s mission is to empower a better future. We are leading the way in delivering affordable, reliable and sustainable energy that creates the foundation for thriving and growing communities. Our focus is on delivering reliable power while keeping bills as low as possible. We value innovation and adaptability to give our customers better ways to manage their energy use, to create a safe and rewarding workplace for our employees and to add value for our investors. Headquartered in Kansas City, our employees live, work and volunteer in the communities we serve.

For more information about Evergy, visit us at http://investors.evergy.com.

Forward-Looking Statements

Statements made in this document that are not based on historical facts are forward-looking, may involve risks and uncertainties, and are intended to be as of the date when made. Forward-looking statements include, but are not limited to, statements relating to Evergy's strategic plan, including, without limitation, those related to earnings per share, dividend, operating and maintenance expense and capital investment goals; the outcome of legislative efforts and regulatory and legal proceedings; future energy demand, including demand driven by new and existing customers; future power prices; plans with respect to existing and potential future generation resources; the availability and cost of generation resources and energy storage; target emissions reductions; and other matters relating to expected financial performance or affecting future operations. Forward-looking statements are often accompanied by forward-looking words such as "anticipates," "believes," "expects," "estimates," "forecasts," "guidance," "should," "could," "may," "seeks," "intends," "predict," "potential," "opportunities," "proposed," "projects," "planned," "target," "budget," "outlook," "remain confident," "goal," "will" or other words of similar meaning. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results to differ materially from the forward-looking information.

In connection with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the Evergy Companies are providing a number of risks, uncertainties and other factors that could cause actual results to differ from the forward-looking information. These risks, uncertainties and other factors include, but are not limited to: economic and weather conditions and any impact on sales, prices and costs; significant changes in the demand for electricity, including demand from data centers and other large load customers; changes in business strategy or operations, including with respect to the Evergy Companies' strategy to meet demand requirements of existing and future customers; uncertainties related to projected rapid growth in electricity demand driven primarily by data centers and other large load customers and the related requirement for new generation and transmission investments, creating capital access, revenue recovery and customer affordability risks; the impact of federal, state and local political, legislative, judicial and regulatory actions or developments, including deregulation, re-regulation, securitization and restructuring of the electric utility industry; prolonged or recurring U.S. federal government shutdowns; changes in U.S. trade policies (including tariffs and other trade measures) and responses from other countries; the ability to build or acquire generation, battery storage and transmission facilities to meet the future demand for electricity from customers; the ability to control costs, avoid cost and schedule overruns during the development, construction and operation of generation, battery storage, transmission, distribution or other projects due to challenges, which include, but are not limited to, changes in labor costs, availability and productivity, challenges with the management of contractors or vendors, subcontractor performance, shortages, delays, increased costs or inconsistent quality of equipment, materials and labor and increased financing costs as a result of changes in interest rates or as a result of project delays; decisions of regulators regarding, among other things, customer rates and the prudency of operational decisions such as capital expenditures and asset retirements; changes in applicable laws, regulations, rules, principles or practices, or the interpretations thereof, governing tax, accounting and environmental matters, including air and water quality and waste management and disposal; development, adoption and use of artificial intelligence by the Evergy Companies and its third-party vendors; the impact of climate change, including increased frequency and severity of significant weather events; risks relating to potential wildfires, including costs of litigation, potential regulatory penalties and damages in excess of insurance liability coverage; the extent to which counterparties are willing to do business with, finance the operations of or purchase energy from the Evergy Companies due to the fact that the Evergy Companies operate coal-fired generation; prices and availability of electricity and natural gas in wholesale markets; market perception of the energy industry and the Evergy Companies; the impact of future pandemic health events on, among other things, sales, results of operations, financial position, liquidity and cash flows, and also on operational issues, such as supply chain issues and the availability and ability of the Evergy Companies' employees and suppliers to perform the functions that are necessary to operate the Evergy Companies; changes in the energy trading markets in which the Evergy Companies participate, including retroactive repricing of transactions by regional transmission organizations (RTO) and independent system operators; financial market conditions and performance, disruptions in the banking industry, including volatility in interest rates and credit spreads and in availability and cost of capital and the effects on derivatives and hedges and ability to obtain capital to finance large construction projects, nuclear decommissioning trust and pension plan assets and costs; impairments of long-lived assets or goodwill; credit ratings; inflation rates; effectiveness of risk management policies and procedures and the ability of counterparties to satisfy their contractual commitments including new large data center customers; impact of physical and cybersecurity breaches, criminal activity, terrorist attacks, acts of war and other disruptions to the Evergy Companies' facilities or information technology infrastructure or the facilities and infrastructure of third-party service providers on which the Evergy Companies rely; impact of geopolitical conflicts on the global energy market, including the ability to contract for non-Russian sourced uranium; ability to carry out marketing and sales plans; cost, availability, quality and timely provision of equipment, supplies, labor and fuel; ability to achieve generation goals and the occurrence and duration of planned and unplanned generation outages; the Evergy Companies' ability to manage their generation, transmission and distribution development plans and transmission joint ventures; the inherent risks associated with the ownership and operation of a nuclear facility, including environmental, health, safety, regulatory and financial risks; workforce risks, including those related to the Evergy Companies' ability to attract and retain qualified personnel, maintain satisfactory relationships with their labor unions and manage costs of, or changes in, wages, retirement, health care and other benefits; disruption, costs and uncertainties caused by or related to the actions of individuals or entities, such as activist shareholders or special interest groups, that seek to influence Evergy's strategic plan, financial results or operations; the impact of changing expectations and demands of the Evergy Companies' customers, regulators, investors and stakeholders, including differing views on environmental, social and governance concerns; the possibility that strategic initiatives, including mergers, acquisitions, joint ventures and divestitures, and long-term financial plans, may not create the value that they are expected to achieve in a timely manner or at all; difficulties in maintaining relationships with customers, employees, contractors, regulators or suppliers; the outcome of litigation involving the Evergy Companies; and other risks and uncertainties.

This list of factors is not all-inclusive because it is not possible to predict all factors. You should also carefully consider the information contained in the Evergy Companies' other filings with the Securities and Exchange Commission (SEC). Additional risks and uncertainties are discussed from time to time in current, quarterly and annual reports filed by the Evergy Companies with the SEC. New factors emerge from time to time, and it's not possible for the Evergy Companies to predict all such factors, nor can the Evergy Companies assess the impact of each such factor on the business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained or implied in any forward-looking statement. Given these uncertainties, undue reliance should not be placed on these forward-looking statements. The Evergy Companies undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

More News From Evergy, Inc.

Evergy Inc (EVRG - Free Report) came out with quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate of $0.63 per share. This compares to earnings of $0.54 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +9.52%. A quarter ago, it was expected that this electric utility would post earnings of $0.57 per share when it actually produced earnings of $0.42, delivering a surprise of -26.32%.

Over the last four quarters, the company has surpassed consensus EPS estimates two times.

Evergy, which belongs to the Zacks Utility - Electric Power industry, posted revenues of $1.44 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 2.15%. This compares to year-ago revenues of $1.37 billion. The company has topped consensus revenue estimates two 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.

Evergy shares have added about 11.7% since the beginning of the year versus the S&P 500's gain of 7.6%.

What's Next for Evergy?While Evergy has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Evergy 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 $0.87 on $1.47 billion in revenues for the coming quarter and $4.25 on $6.27 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, Utility - Electric Power is currently in the bottom 40% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, Algonquin Power & Utilities (AQN - Free Report) , has yet to report results for the quarter ended March 2026. The results are expected to be released on May 8.

This utility operator is expected to post quarterly earnings of $0.11 per share in its upcoming report, which represents a year-over-year change of -21.4%. The consensus EPS estimate for the quarter has been revised 10.5% lower over the last 30 days to the current level.

Algonquin Power & Utilities' revenues are expected to be $697.9 million, up 0.8% from the year-ago quarter.

Evergy, Inc. (EVRG) Q1 2026 Earnings Call Transcript