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.
Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.
Below, we take a look at FormFactor (FORM - Free Report) , a company that currently holds a Momentum Style Score of B. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. FormFactor currently has a Zacks Rank of #1 (Strong 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 FORM is a promising momentum pick, let's examine some Momentum Style elements to see if this integrated circuits diagnostic company 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's also helpful to compare a security to its industry; this can show investors the best companies in a particular area.
For FORM, shares are up 7.64% over the past week while the Zacks Electronics - Semiconductors industry is up 5.15% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 18.08% compares favorably with the industry's 26.89% 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. Shares of FormFactor have increased 56.52% over the past quarter, and have gained 370.63% in the last year. In comparison, the S&P 500 has only moved 7.12% and 32.44%, respectively.
Investors should also pay attention to FORM'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. FORM is currently averaging 2,144,744 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 FORM.
Over the past two months, 5 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost FORM's consensus estimate, increasing from $1.84 to $2.40 in the past 60 days. Looking at the next fiscal year, 4 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 FORM is a #1 (Strong Buy) stock with a Momentum Score of B. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep FormFactor on your short list.
Marks 13 Consecutive Years of Customer Recognition in Test Subsystems May 13, 2026 16:05 ET | Source: FormFactor, Inc.
LIVERMORE, Calif., May 13, 2026 (GLOBE NEWSWIRE) -- FormFactor, Inc. (NASDAQ: FORM), a leading semiconductor test and measurement supplier, announced that it was ranked the global #1 supplier in both Test Subsystems and Focused Suppliers of Chip Making Equipment in the TechInsights 2026 Customer Satisfaction Survey.
The company’s dual #1 rankings reflect sustained technology leadership and strong customer trust. FormFactor continues to deliver the performance, reliability, and engineering innovation needed to enable next-generation semiconductor architectures—spanning high-bandwidth memory (HBM), advanced packaging, and emerging requirements tied to hyperscaler and high-performance computing (HPC) roadmaps, including co-packaged optics (CPO)—reinforcing FormFactor’s position as the clear benchmark in these categories.
In a highly competitive supplier landscape, FormFactor’s results once again place it decisively ahead of the field.
In addition to its global rankings, FormFactor received multiple Global Semiconductor Supplier Awards, including:
Global #1 – Test SubsystemsGlobal #1 – Focused Suppliers of Chip Making EquipmentGlobal Semiconductor Supplier Award – Top 10 Customer Service (Focused Suppliers of Chip Making Equipment)Global Semiconductor Supplier Award – Test SubsystemsGlobal Semiconductor Supplier Award – Assembly Test Equipment As industry requirements continue to advance, customers rely on partners that can deliver precise measurements, scalable test solutions, and consistent execution across the product lifecycle. FormFactor’s continued leadership across multiple categories reflects its ability to meet these demands and help customers bring advanced devices to market faster and with greater confidence.
Each year, TechInsights surveys semiconductor manufacturers worldwide, asking them to evaluate suppliers on three key criteria: supplier performance, customer service, and product performance. This year marks FormFactor’s thirteenth consecutive year of recognition in the Test Subsystems category; an achievement that underscores the company’s leadership in one of the most technically demanding segments of semiconductor test, including probe cards, test sockets, and device interface boards.
“FormFactor earned stellar customer recognition for partnering and technology leadership,” said G. Dan Hutcheson, Vice Chair, TechInsights. “Across multiple categories, customers continue to distinguish FormFactor as a Five Star supplier.”
“As semiconductor innovation accelerates, the demands on test continue to rise in both complexity and scale,” said Mike Slessor, President and CEO of FormFactor. “These results reflect what our customers tell us year after year: FormFactor delivers the performance, precision, and reliability they depend on. We’re proud to set the standard in Test Subsystems and Focused Chip Making Equipment—and we’ll keep innovating alongside our customers as architectures evolve across HBM, advanced packaging, hyperscaler and HPC platforms, and CPO.”
About TechInsights
TechInsights is the most trusted source of actionable, in-depth intelligence related to semiconductor innovation and surrounding markets. Our content informs decision makers and professionals whose successes depend on accurate knowledge of the semiconductor industry – past, present, or future. Our unmatched reverse engineering analysis, images, and expert commentary are accessed through the TechInsights Platform, the world’s largest research library of semiconductor and market analysis. Our customers include the most successful technology companies, who rely on our analysis to make informed business decisions faster and with greater confidence.
About FormFactor
FormFactor, Inc. (NASDAQ: FORM) is a leading provider of essential test and measurement technologies along the full IC life cycle – from characterization, modeling, reliability, and design debug, to qualification and production test. Semiconductor companies rely upon FormFactor’s products and services to accelerate profitability by optimizing device performance and advancing yield knowledge. The Company serves customers through its network of facilities in Asia, Europe, and North America. For more information, visit the Company’s website at www.formfactor.com.
Trade Contact
Aasutosh Dave
Chief Commercial Officer [email protected]
Investor Contact
Stan Finkelstein
Investor Relations
(925) 290-4273 [email protected]
LIVERMORE, Calif., May 14, 2026 (GLOBE NEWSWIRE) -- FormFactor, Inc. (Nasdaq: FORM) is pleased to announce its participation in the following investor conferences:
B. Riley 26th Annual Institutional Investor Conference
Location: Ritz-Carlton, Marina Del Rey
Date: May 20th, 2026
Format: 1:1’s Only
TD Cowen 54th Annual Technology, Media & Telecom Conference
Location: InterContinental New York Barclay
Date: May 27th, 2026
Format: 1:1’s Only
Craig-Hallum 23rd Annual Institutional Investor Conference
Location: Depot Renaissance Hotel Minneapolis
Date: May 28th, 2026
Format: 1:1’s Only
Stifel 2026 Boston Cross Sector 1x1 Conference
Location: InterContinental Boston
Date: June 2nd, 2026
Format: 1:1’s Only
2026 Evercore TMT Global Conference
Location: Omni San Francisco Hotel
Date: June 3, 2026
Format: 1:1’s Only
About FormFactor:
FormFactor, Inc. (NASDAQ: FORM), is a leading provider of essential test and measurement technologies along the full IC life cycle - from characterization, modeling, reliability, and design de-bug to qualification and production test. Semiconductor companies rely upon FormFactor's products and services to accelerate profitability by optimizing device performance and advancing yield knowledge. The Company serves customers through its network of facilities in Asia, Europe, and North America. For more information, visit the Company's website at www.formfactor.com.
Source: FormFactor, Inc.
FORM-F
Investor Contact:
Stan Finkelstein
Investor Relations
(925) 290-4273 [email protected]
Key Takeaways Tech stocks drive record highs as AI optimism eclipses most other U.S. equity sectors.ALB is up 216.8% in 52 weeks but slipped 3.7% last week, matching the screen's pullback rule.FormFactor is up 290% in a year but fell 11.5% last week; International Seaways declined 5.2%. Despite intermittent conflicts amid the U.S.-Iran ceasefire, the broader U.S. equity markets are witnessing a dream run of late, driven by a tech rally. Leading benchmark indices have been charting fresh record highs on almost every trading day amid renewed enthusiasm in the AI trade, eclipsing a below-par performance from the majority of other sectors. The tech rally was further buoyed by a positive bilateral meeting between President Trump and his counterpart in China, with initial media reports suggesting that Washington has approved the sales of Nvidia’s H200 chip to 10 China-based firms.
The uptrend was briefly punctured by a hotter-than-expected U.S. consumer inflation data for April, which revealed that wholesale inflation gained 6% on an annual basis — the largest increase since December 2022 — and the consumer price index rising 0.6%, putting the annual inflation rate at 3.8%. However, the market was quick to reverse the trend as tech stocks spurred an unprecedented rally. Amid the vagaries of the market, investors often seek to employ time-tested winning strategies to fetch sustained profits. One of the most successful game plans to beat the blues is to bet on momentum stocks, like Albemarle Corporation (ALB - Free Report) , FormFactor, Inc. (FORM - Free Report) and International Seaways, Inc. (INSW - Free Report) when value or growth investing fails to generate the desired profits.
This approach primarily tends to follow the adage, “the trend is your friend.” At its core, momentum investing is “buying high and selling higher.” It is based on the idea that once a stock establishes a trend, it is more likely to continue in that direction because of the momentum that is already behind it. Momentum investing is a way to profit from the general human tendency to extrapolate current trends into the future. It is based on that gap in time before the mean reversion occurs, i.e., before prices become rational again.
Momentum strategies have been known to be alpha-generative over a long period and across market stages. Therefore, this strategy is quite tricky to implement, as detecting these trends is not easy. Here, we have created a strategy to help investors get in on these fast movers and rake in handsome gains. Our screen will help you benefit from long-term price momentum and a short-term pullback in price.
Screening Parameters for Momentum Anomaly StocksPercentage Change in Price (52 Weeks) = Top #50: This selects the top 50 stocks with the best percentage price change over the last 52 weeks. This parameter ensures we get the best stocks that have appreciated steadily over the past year.
Percentage Change in Price (1 Week) = Bottom #10: From the above 50 stocks, we then choose those that are also among the 10 worst performers over a short one-week period. This parameter picks the ones that have witnessed a short-term pullback in price.
Zacks Rank #1: Stocks sporting a Zacks Rank #1 (Strong Buy) have a proven history of outperformance irrespective of the market conditions. You can see the complete list of today’s Zacks #1 Rank stocks here.
Momentum Style Score of B or Better: A top Momentum Style Score knocks out a lot of the screening process, as it takes into account several factors that include volume change and performance relative to its peers. It indicates when the timing is best to grab a stock and take advantage of its momentum with the highest probability of success. Stocks with a Momentum Score of A or B, when combined with a Zacks Rank #1 or 2 (Buy), handily outperform other stocks.
Current Price Greater Than $5: The stocks must all be trading at a minimum of $5.
Market Capitalization = Top #3000: We have chosen stocks that are among the top 3000 in terms of market value to ensure the stability of price.
Average 20-Day Volume Greater Than 100,000: A substantial trading volume ensures that these stocks are easily tradable.
Here are three of the six stocks that made it through this screen:
Charlotte, NC-based Albemarle is a premier specialty chemicals company with leading positions in attractive end markets globally. It is a leading producer of highly-engineered specialty chemicals geared to meet customer requirements across a bevy of end markets, including petroleum refining, consumer electronics, energy storage, construction and automotive.
The stock has soared 216.8% over the past year but lost 3.7% over the past week. Albemarle has a Momentum Score of A.
Livermore, CA-based FormFactor is a leading provider of electrical and optical test and measurement technologies along the full semiconductor product lifecycle – from characterization, modeling, reliability and design debug, to qualification and production test. The company’s product portfolio comprises high-performance probe cards, analytical probes, probe stations, thermal systems and cryogenic systems.
The stock has surged 290% over the past year but lost 11.5% over the past week. FormFactor has a Momentum Score of A.
Headquartered in New York, NY, International Seaways is one of the largest public tanker companies in the world, providing seaborne transportation services for crude oil and refined petroleum products. The company owns and operates a fleet across the principal tanker asset classes, focusing on the safe and reliable operation of its fleet.
The stock has jumped 123.3% in the past year but declined 5.2% in the past week. International Seaways has a Momentum Score of A.
The lab that sits behind the qubits FormFactor began life as a probe card company for semiconductor fabs. Over time, it built deep expertise in handling tiny, fragile devices with precision at high speed, a skill set that turns out to matter a great deal as you shrink classical chips down to individual quantum dies.
Image source: Getty Images.
To run, many quantum computing devices require temperatures close to absolute zero and exquisite control over magnetic fields. FormFactor's cryogenic systems live inside that environment. Its HPD IQ3000 probe station, for example, provides a 4‑kelvin platform that lets researchers and hardware teams characterize superconducting qubits, single‑photon detectors, and other quantum structures right at the wafer or multichip level. Instead of packaging a device, wiring it up, cooling it for hours, and hoping it behaves, engineers can interrogate many devices in a single chill‑down cycle.
In a blog post titled "The Future of Quantum Computing Starts at the Die Level," FormFactor lays out why this matters: Yield will hinge on understanding the behavior of each quantum die early, rather than discovering design flaws only after full system assembly.
FormFactor's integration into quantum computing One way to gauge a company's importance in a young field is to look at which players choose to align with it. Quantum computing hardware vendors and control‑electronics companies feature FormFactor systems in joint marketing and technical papers, framing them as reference platforms for device validation. Magnetics industry coverage has highlighted how FormFactor's cryogenic test lab enables customers to explore materials and designs that sit at the edge of what current tools can handle.
The National Institute of Standards and Technology, in its broader work on quantum characterization, emphasizes that the ability to take device measurements under realistic conditions is a central bottleneck on the path to progress. FormFactor builds the literal tables, probes, and cryostats that labs wheel their experiments onto when they try to clear that bottleneck.
Crucially, this role gives FormFactor a vantage point that pure‑play quantum computing companies envy. Its engineers see a wide range of qubit designs, materials stacks, and packaging schemes. From that, they can tailor future generations of equipment to what seems promising, rather than betting on a single architecture. In a field that will see binary outcomes for many individual start-ups, that kind of diversified exposure is its own edge.
FormFactor is killing it year over year To add to this, FormFactor's stock has surged by more than 300% over the last year as investors have come to realize that the company sits at the center of several powerful technology trends. Demand for advanced artificial intelligence (AI) chips and high-bandwidth memory has obviously helped drive record revenue and profits, but FormFactor's testing systems are becoming important for next-generation semiconductor manufacturing.
Excitement around quantum computing has pushed investors toward companies that supply the industry's underlying infrastructure. Unlike many speculative quantum computing start-ups, FormFactor already has a profitable core business and established relationships across the semiconductor industry. Investors are beginning to see the company not just as a traditional chip equipment supplier but also as a potential long-term "pick-and-shovel" play in the AI and quantum computing booms.
As quantum computing moves beyond the research stage and toward real-world development, companies will need reliable ways to test and improve quantum chips quickly and efficiently. FormFactor already provides those tools. This positions the company well if the quantum computing industry develops into a major market over the next decade. Wall Street hasn't fully priced this into its stock price yet, especially now that the U.S. government is giving quantum computing more formal recognition.
It has been about a month since the last earnings report for FormFactor (FORM - Free Report) . Shares have lost about 4.2% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is FormFactor due for a breakout? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent drivers for FormFactor, Inc. before we dive into how investors and analysts have reacted as of late.
FORM Q1 Earnings Beat Estimates, Revenues Rise Y/Y, Margin JumpsFormFactor delivered first-quarter fiscal 2026 non-GAAP earnings of56 cents per share, which increased 143.5% year over year and beat the Zacks Consensus Estimate by 24.4%.
Revenues were $226.1 million, up 32% year over year, and beat the consensus mark by 0.23%. Results reflected a strong demand backdrop, highlighted by record DRAM revenues (36.7% of the total revenues) of $82.9 million, up 69.5% year over year, supported by higher HBM-related activity and sustained non-HBM demand.
FORM’s Segmental Revenue DetailsFORM’s top line continued to be driven by Probe Cards, which generated $198.2 million in the quarter, up 45% year over year. The strength underscored broad-based demand across memory and logic test applications, keeping the company’s core consumables franchise in a favorable position as customers push for higher test intensity.
Within Probe Cards, Foundry & Logic revenues (49.2% of the total revenues) rose to $111.2 million, up 30.4% year over year, reflecting growth in probe cards tied to networking applications. Flash revenues (1.8% of the total revenues) were $4.1 million, up 70.8% year over year, while the overall probe card mix continued to benefit from advanced packaging-related testing requirements. Systems revenues (12.3% of the total revenues) were $27.9 million, down 19.8% year over year.
FormFactor’s revenue mix remained heavily weighted toward Asia, led by South Korea at $80.6 million (35.6% of total revenues) and Taiwan at $70.8 million (31.3% of total revenues). The United States generated $29.4 million (13% of total revenues), while China contributed $11.4 million (5% of total revenues), highlighting a geographic profile closely aligned with leading-edge semiconductor production and memory manufacturing hubs.
Customer concentration also stood out. SK Hynix accounted for 29.5% of total revenues in the quarter, and NVIDIA represented 10.2%. The concentration reflects FORM’s exposure to large, high-volume customers that are actively investing in advanced memory and compute platforms.
FORM’s Operating ResultsFORM’s non-GAAP gross margin climbed to 49%, improving 980 basis points (bps) year over year and 510 bps sequentially. The outperformance supported management’s view that the quarter exceeded the company’s target model on a quarterly run-rate basis, helped by a favorable demand environment and improved profitability.
FormFactor continued to invest in product development while maintaining discipline in its operating cost structure. Non-GAAP research and development expense was $27 million, down 2.8% year over year, while selling, general and administrative expense totaled $27.9 million, down 16.5% year over year.
Total non-GAAP operating expenses were $62 million, up 23.4% year over year, while non-GAAP operating income was $48.7 million, up 188.3% year over year, reflecting the company’s stronger underlying operating performance after adjustments.
FormFactor’s Balance Sheet & Cash FlowAs of March 28, 2026, cash and cash equivalents and marketable securities were $303.2 million compared with $275.1 million as of Dec. 27, 2025.
Cash generated from operating activities was $45 million in the reported quarter, slightly down from $46 million in the previous quarter. Free cash flow was $30.7 million.
FORM Offers Optimistic Q2 GuidanceFormFactor’s outlook called for continued momentum into the second quarter of fiscal 2026. The company guided revenues to $240 million (plus or minus $5 million), with non-GAAP gross margin expected at 49.5% (plus or minus 1.5%), and non-GAAP earnings projected at 61 cents (plus or minus 4 cents) per share.
Management noted that the outlook reflects strong DRAM demand driven by HBM, alongside continued growth in Foundry & Logic probe-card revenues, supported by incremental strength in data-center CPU applications. The outlook assumes consistent foreign currency rates, setting a constructive tone for sequential progress.
How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a upward trend in estimates revision.
The consensus estimate has shifted 54.54% due to these changes.
VGM ScoresAt this time, FormFactor has a great Growth Score of A, though it is lagging a bit on the Momentum Score front with a B. However, the stock has a score of F on the value side, putting it in the fifth quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise FormFactor has a Zacks Rank #1 (Strong Buy). We expect an above average return from the stock in the next few months.
Performance of an Industry PlayerFormFactor is part of the Zacks Electronics - Semiconductors industry. Over the past month, Amkor Technology (AMKR - Free Report) , a stock from the same industry, has gained 1.2%. The company reported its results for the quarter ended March 2026 more than a month ago.
Amkor Technology reported revenues of $1.68 billion in the last reported quarter, representing a year-over-year change of +27.5%. EPS of $0.33 for the same period compares with $0.09 a year ago.
For the current quarter, Amkor Technology is expected to post earnings of $0.47 per share, indicating a change of +113.6% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Amkor Technology. Also, the stock has a VGM Score of A.
On June 01, 2026, FormFactor Inc (FORM) shares fell 7.6% today, currently trading at $115.05. This decline is part of a larger trend, with shares down 10.8% ove
Investors in FormFactor, Inc. (FORM - Free Report) need to pay close attention to the stock based on moves in the options market lately. That is because the June 18, 2026 $65 Call had some of the highest implied volatility of all equity options today.
What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?Clearly, options traders are pricing in a big move for FormFactor shares, but what is the fundamental picture for the company? Currently, FormFactor is a Zacks Rank #1 (Strong Buy) in the Electronics – Semiconductors industry that ranks in the Top 20% of our Zacks Industry Rank. Over the last 60 days, four analysts have increased their earnings estimates for the current quarter, while none dropped the estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from 55 cents per share to 61 cents in that period.
Given the way analysts feel about FormFactor right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.
Considering buying EDU stock? Here’s what analysts think:
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, /PRNewswire/ -- Fulton Financial Corporation ("Fulton") (Nasdaq: FULT) today announced that its Board of Directors (the "Board") declared a quarterly cash dividend of nineteen cents per share on its common stock, payable on April 15, 2026, to shareholders of record as of April 1, 2026.
In addition, Fulton announced that the Board declared a quarterly dividend of $12.81 per share (equivalent to $0.32025 per depositary share) on its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, payable on April 15, 2026, to shareholders of record as of March 31, 2026, for the period from and including January 15, 2026, to but excluding, April 15, 2026.
Fulton, a more than $32 billion Lancaster, Pennsylvania-based financial holding company, has more than 3,300 employees and operates more than 200 financial centers in Pennsylvania, New Jersey, Maryland, Delaware and Virginia through Fulton Bank, N.A.
Additional information on Fulton can be found at investor.fultonbank.com.
Fulton Bank N.A. lowered its stake in Fulton Financial Corporation (NASDAQ: FULT) by 30.7% during the undefined quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,201,278 shares of the bank's stock after selling 531,626 shares during the period. Fulton Financial makes up
Econ Financial Services Corp purchased a new position in Fulton Financial Corporation (NASDAQ:FULT – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 104,389 shares of the bank’s stock, valued at approximately $2,018,000. Econ Financial Services Corp owned approximately 0.06% of Fulton Financial at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its stake in Fulton Financial by 373.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,662 shares of the bank’s stock worth $30,000 after purchasing an additional 1,311 shares in the last quarter. State of Wyoming bought a new position in Fulton Financial in the 2nd quarter valued at $30,000. Parallel Advisors LLC grew its position in shares of Fulton Financial by 69.0% during the 3rd quarter. Parallel Advisors LLC now owns 1,903 shares of the bank’s stock valued at $35,000 after purchasing an additional 777 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of Fulton Financial by 48.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,995 shares of the bank’s stock valued at $38,000 after purchasing an additional 647 shares in the last quarter. Finally, Quarry LP bought a new position in shares of Fulton Financial in the third quarter worth $38,000. 72.02% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets A number of brokerages recently issued reports on FULT. Weiss Ratings upgraded Fulton Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 27th. DA Davidson initiated coverage on Fulton Financial in a research note on Wednesday, February 25th. They issued a “neutral” rating and a $24.00 target price on the stock. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $21.50.
View Our Latest Stock Analysis on Fulton Financial
Fulton Financial Trading Up 3.5% Shares of Fulton Financial stock opened at $20.34 on Wednesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.90 and a quick ratio of 0.90. Fulton Financial Corporation has a 1 year low of $14.32 and a 1 year high of $22.99. The firm has a market cap of $3.66 billion, a PE ratio of 9.78 and a beta of 0.85. The company has a 50 day simple moving average of $20.83 and a two-hundred day simple moving average of $19.45.
Fulton Financial (NASDAQ:FULT – Get Free Report) last issued its quarterly earnings results on Wednesday, January 21st. The bank reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. The firm had revenue of $336.02 million for the quarter, compared to analyst estimates of $336.80 million. Fulton Financial had a net margin of 20.68% and a return on equity of 12.78%. During the same quarter in the prior year, the firm earned $0.48 EPS. Analysts expect that Fulton Financial Corporation will post 1.91 earnings per share for the current fiscal year.
Fulton Financial Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 1st will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Wednesday, April 1st. Fulton Financial’s dividend payout ratio is currently 36.54%.
Fulton Financial declared that its Board of Directors has authorized a share buyback plan on Tuesday, December 16th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the bank to repurchase up to 4.2% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.
Insiders Place Their Bets In other Fulton Financial news, Director E Philip Wenger sold 5,000 shares of the firm’s stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $19.55, for a total transaction of $97,750.00. Following the sale, the director owned 85,477 shares in the company, valued at $1,671,075.35. This trade represents a 5.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.07% of the stock is owned by insiders.
Fulton Financial Profile (Free Report)
Fulton Financial Corporation, trading on the NASDAQ under the ticker FULT, is the financial holding company for Fulton Bank, headquartered in Lancaster, Pennsylvania. The company delivers a broad range of banking and financial services through its subsidiary, Fulton Bank, targeting both individual and corporate clients. Fulton Financial’s offerings include deposit accounts, lending solutions, treasury management, and specialized banking services designed to support personal wealth goals and business growth initiatives.
Through Fulton Bank, the company provides retail banking services such as checking and savings accounts, consumer and residential mortgage loans, and home equity products.
Featured Articles Five stocks we like better than Fulton Financial Want to see what other hedge funds are holding FULT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fulton Financial Corporation (NASDAQ:FULT – Free Report).
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Transaction Expands Fulton's Presence in Attractive New Jersey Markets
, /PRNewswire/ -- Fulton Financial Corporation (Nasdaq: FULT) ("Fulton") today announced the successful completion of its acquisition of Blue Foundry Bancorp (formerlyNasdaq: BLFY) ("Blue Foundry"), Rutherford, N.J. As a result of the acquisition, Fulton advances its growth plan in an important market and becomes a $34 billion financial services company.
"We are excited to welcome Blue Foundry Bank customers, employees and shareholders to the Fulton family! Completing the acquisition of Blue Foundry Bancorp marks an exciting milestone," said Curt Myers, Fulton Chairman, CEO and President. "I am proud of the collaboration between both organizations to ensure a seamless transition for Blue Foundry Bank customers as they join Fulton Bank later this year. Expanding our presence in New Jersey allows us to deepen our impact and continue changing lives for the better in the communities we serve."
Blue Foundry Bank is expected to operate as a separate, wholly owned subsidiary of Fulton until this summer, when Fulton plans to merge Blue Foundry Bank operations, systems and accounts into its existing banking subsidiary, Fulton Bank, N.A. ("Fulton Bank"). Until the bank merger and systems conversion occur, Blue Foundry Bank customers will continue to bank just as they have been at Blue Foundry Bank locations.
As previously announced and in connection with the acquisition, Fulton will make a $1.5 million contribution to the Fulton Forward® Foundation—designated to provide impact gifts to nonprofit community organizations in New Jersey.
Additional information about the transaction is available in a Current Report on Form 8-K that is being filed by Fulton with the U.S. Securities and Exchange Commission (the "SEC") simultaneously with the issuance of this press release.
About Fulton Financial Corporation
Headquartered in Lancaster, Pa., Fulton Financial Corporation is a premier community banking organization and a $34 billion asset financial holding company providing a variety of financial services through its subsidiary bank, Fulton Bank, in Pennsylvania, Maryland, Delaware, New Jersey and Virginia and Blue Foundry Bank in New Jersey. At Fulton Financial Corporation, we seek to change lives for the better by building strong customer relationships, providing significant community support and empowering more than 3,500 employees to do the same. Through the Fulton Forward® initiative, we're helping build vibrant communities. Learn more at www.FultonBank.com. Member FDIC.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This communication contains "forward-looking statements." Forward-looking statements can be identified by the use of words such as "may," "should," "will," "could," "estimates," "predicts," "potential," "continue," "anticipates," "believes," "plans," "expects," "future," "intends," "projects," the negative of these terms and other comparable terminology. These forward-looking statements include, but are not limited to, statements regarding the outlook and expectations of Fulton with respect to Fulton's acquisition of Blue Foundry (the "Transaction"), the strategic benefits and financial benefits of the Transaction, including the expected impact of the Transaction on Fulton's future financial performance. Forward-looking statements, by their nature, are subject to risks and uncertainties. There are many factors that could cause actual results to differ materially from expected results described in the forward-looking statements. The forward-looking statements are intended to be subject to the safe harbor provided by Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are neither historical facts, nor assurance of future performance. Instead, the statements are based on current beliefs, expectations and assumptions regarding the future of the business of Fulton, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of Fulton's control, and actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not unduly rely on any of these forward-looking statements. All forward-looking statements attributable to Fulton, or persons acting on Fulton's behalf, are expressly qualified in their entirety by the cautionary statements set forth below. Any forward-looking statement is based only on information currently available and speaks only as of the date when made. Fulton undertakes no obligation, other than as required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Factors relating to the Transaction that could cause or contribute to actual results differing materially from those contained or implied in forward-looking statements or historical performance include, in addition to those factors identified elsewhere in this communication: the possibility that revenue or expense synergies and other expected benefits of the Transaction, including anticipated cost savings and strategic gains, are not realized when expected or at all, including as a result of the impact of, or challenges arising from, the integration of Blue Foundry into Fulton or as a result of the strength of the economy, competitive factors in the areas where Fulton and Blue Foundry do business, or as a result of other unexpected factors or events; reputational risks and potential adverse reactions or changes to business or employee relationships, including those resulting from the completion of the Transaction; diversion of management's attention and time from ongoing business operations and other opportunities on matters relating to the Transaction; unanticipated challenges or delays in the integration of Blue Foundry's business into Fulton's business and/or the conversion of Blue Foundry's operating systems and customer data onto Fulton's; and other factors that may affect future results of Fulton, including continued pressures and uncertainties within the banking industry and Fulton's markets, including changes in interest rates, price fluctuations as well as other market events, and deposit amounts and composition, increased competitive pressures, operational risks, asset and credit quality deterioration, the impact of proposed or imposed tariffs by the U.S. government or retaliatory tariffs proposed or imposed by U.S. trading partners that could have an adverse impact on customers or any recession or slowdown in economic growth particularly in the markets in which Fulton operates, and legislative, regulatory, and fiscal policy changes and related compliance costs.
These factors are not necessarily all of the factors that could cause Fulton's actual results, performance, or achievements to differ materially from those expressed in or implied by any of the forward-looking statements. Other unknown or unpredictable factors also could harm Fulton's results.
Further information regarding Fulton and factors that could affect the forward-looking statements contained herein can be found in Fulton's Annual Report on Form 10-K for the year ended December 31, 2025, which is accessible on the SEC's website at www.sec.gov and in the Investor Relations section of Fulton's website at www.fultonbank.com, and in other documents Fulton files with the SEC. Information on these websites is not part of this document.
MEDIA CONTACT: Lacey Dean (717) 735-8688
INVESTOR CONTACT: Pat Lafferty (717) 327-2556
, /PRNewswire/ -- Fulton Financial Corporation ("Fulton") (Nasdaq: FULT) today announced that it will distribute its first quarter 2026 earnings release and accompanying charts on Wednesday, April 22, at approximately 4:30 p.m. Eastern Time.
Fulton will host a conference call with analysts on Thursday, April 23, at 10 a.m. Eastern Time. Curtis J. Myers, Chairman, CEO and President, will host the call. He will be joined by Rick Kraemer, Senior Executive Vice President and CFO.
The link to the webcast of this call can be found at https://investor.fultonbank.com. Participants can also access the audio-only webcast at: https://edge.media-server.com/mmc/p/jqjdbt8g.
Fulton, a $34 billion Lancaster, Pa.-based financial holding company, has more than 3,500 employees and operates more than 200 financial centers in Pennsylvania, New Jersey, Maryland, Delaware and Virginia through Fulton Bank, N.A. and Blue Foundry Bank. Additional information on Fulton can be found at https://investor.fultonbank.com.
Media Contact: Rachel Sharkey (717) 291-2831
Investor Contact: Patrick Lafferty (717) 327-2556
Shares of Fulton Financial Corporation (NASDAQ:FULT – Get Free Report) have earned a consensus rating of “Hold” from the seven brokerages that are presently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $21.50.
A number of research firms have recently commented on FULT. Weiss Ratings raised shares of Fulton Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 27th. DA Davidson began coverage on shares of Fulton Financial in a report on Wednesday, February 25th. They set a “neutral” rating and a $24.00 price objective for the company.
Get Our Latest Stock Report on Fulton Financial
Fulton Financial Stock Performance Shares of NASDAQ FULT opened at $20.53 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market cap of $3.70 billion, a price-to-earnings ratio of 9.87 and a beta of 0.81. The business’s 50-day simple moving average is $20.82 and its 200-day simple moving average is $19.46. Fulton Financial has a 52 week low of $14.32 and a 52 week high of $22.99.
Fulton Financial (NASDAQ:FULT – Get Free Report) last posted its earnings results on Wednesday, January 21st. The bank reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.03. The firm had revenue of $336.02 million during the quarter, compared to analyst estimates of $336.80 million. Fulton Financial had a return on equity of 12.78% and a net margin of 20.68%.During the same period in the previous year, the company earned $0.48 EPS. As a group, equities research analysts expect that Fulton Financial will post 1.91 earnings per share for the current fiscal year.
Fulton Financial Announces Dividend The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Wednesday, April 1st. Fulton Financial’s dividend payout ratio is 36.54%.
Fulton Financial announced that its board has initiated a share buyback plan on Tuesday, December 16th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the bank to purchase up to 4.2% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
Insider Activity In other news, Director E Philip Wenger sold 5,000 shares of Fulton Financial stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $19.55, for a total value of $97,750.00. Following the transaction, the director directly owned 85,477 shares in the company, valued at approximately $1,671,075.35. The trade was a 5.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.08% of the company’s stock.
Institutional Inflows and Outflows Several institutional investors have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC bought a new stake in shares of Fulton Financial in the fourth quarter valued at approximately $25,000. Eurizon Capital SGR S.p.A. bought a new position in Fulton Financial during the fourth quarter worth $27,000. V Square Quantitative Management LLC bought a new position in Fulton Financial during the fourth quarter worth $28,000. Torren Management LLC acquired a new position in Fulton Financial during the 4th quarter valued at $28,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Fulton Financial during the 4th quarter valued at $28,000. 72.02% of the stock is owned by institutional investors.
Fulton Financial Company Profile (Get Free Report)
Fulton Financial Corporation, trading on the NASDAQ under the ticker FULT, is the financial holding company for Fulton Bank, headquartered in Lancaster, Pennsylvania. The company delivers a broad range of banking and financial services through its subsidiary, Fulton Bank, targeting both individual and corporate clients. Fulton Financial’s offerings include deposit accounts, lending solutions, treasury management, and specialized banking services designed to support personal wealth goals and business growth initiatives.
Through Fulton Bank, the company provides retail banking services such as checking and savings accounts, consumer and residential mortgage loans, and home equity products.
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SG Americas Securities LLC boosted its stake in shares of Fulton Financial Corporation (NASDAQ:FULT – Free Report) by 28.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 138,588 shares of the bank’s stock after acquiring an additional 30,512 shares during the quarter. SG Americas Securities LLC owned approximately 0.08% of Fulton Financial worth $2,679,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FULT. First Trust Advisors LP lifted its position in shares of Fulton Financial by 0.4% during the third quarter. First Trust Advisors LP now owns 5,646,713 shares of the bank’s stock worth $105,198,000 after purchasing an additional 19,855 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Fulton Financial by 25.3% in the third quarter. American Century Companies Inc. now owns 3,583,100 shares of the bank’s stock valued at $66,753,000 after purchasing an additional 723,948 shares in the last quarter. Fisher Asset Management LLC raised its position in Fulton Financial by 6.4% in the 3rd quarter. Fisher Asset Management LLC now owns 3,363,509 shares of the bank’s stock worth $62,662,000 after purchasing an additional 203,708 shares during the last quarter. Norges Bank bought a new position in Fulton Financial in the 2nd quarter worth approximately $37,813,000. Finally, Fulton Bank N.A. lifted its holdings in Fulton Financial by 1.6% during the 3rd quarter. Fulton Bank N.A. now owns 1,732,904 shares of the bank’s stock worth $32,284,000 after buying an additional 27,570 shares in the last quarter. Institutional investors and hedge funds own 72.02% of the company’s stock.
Insider Activity In other news, Director E Philip Wenger sold 5,000 shares of the company’s stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $19.55, for a total value of $97,750.00. Following the completion of the sale, the director directly owned 85,477 shares of the company’s stock, valued at $1,671,075.35. This represents a 5.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.08% of the company’s stock.
Fulton Financial Stock Performance Shares of Fulton Financial stock opened at $20.53 on Friday. The firm has a fifty day moving average of $20.83 and a two-hundred day moving average of $19.47. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market capitalization of $3.69 billion, a price-to-earnings ratio of 9.87 and a beta of 0.81. Fulton Financial Corporation has a 52 week low of $14.32 and a 52 week high of $22.99.
Fulton Financial (NASDAQ:FULT – Get Free Report) last posted its quarterly earnings results on Wednesday, January 21st. The bank reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.03. Fulton Financial had a return on equity of 12.78% and a net margin of 20.68%.The business had revenue of $336.02 million for the quarter, compared to analyst estimates of $336.80 million. During the same period last year, the company earned $0.48 EPS. As a group, equities research analysts predict that Fulton Financial Corporation will post 1.91 EPS for the current year.
Fulton Financial declared that its Board of Directors has initiated a share buyback plan on Tuesday, December 16th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the bank to reacquire up to 4.2% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.
Fulton Financial Dividend Announcement The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st will be issued a dividend of $0.19 per share. The ex-dividend date is Wednesday, April 1st. This represents a $0.76 dividend on an annualized basis and a yield of 3.7%. Fulton Financial’s dividend payout ratio (DPR) is 36.54%.
Analysts Set New Price Targets A number of research firms have recently weighed in on FULT. DA Davidson initiated coverage on Fulton Financial in a research report on Wednesday, February 25th. They set a “neutral” rating and a $24.00 target price for the company. Weiss Ratings upgraded Fulton Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 27th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $21.50.
Read Our Latest Report on FULT
Fulton Financial Company Profile (Free Report)
Fulton Financial Corporation, trading on the NASDAQ under the ticker FULT, is the financial holding company for Fulton Bank, headquartered in Lancaster, Pennsylvania. The company delivers a broad range of banking and financial services through its subsidiary, Fulton Bank, targeting both individual and corporate clients. Fulton Financial’s offerings include deposit accounts, lending solutions, treasury management, and specialized banking services designed to support personal wealth goals and business growth initiatives.
Through Fulton Bank, the company provides retail banking services such as checking and savings accounts, consumer and residential mortgage loans, and home equity products.
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The market expects Fulton Financial (FULT - Free Report) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on April 22, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis financial holding company is expected to post quarterly earnings of $0.50 per share in its upcoming report, which represents a year-over-year change of -3.9%.
Revenues are expected to be $336 million, up 4.1% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 1.01% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Fulton Financial?For Fulton Financial, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.67%.
On the other hand, the stock currently carries a Zacks Rank of #4.
So, this combination makes it difficult to conclusively predict that Fulton Financial will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Fulton Financial would post earnings of $0.52 per share when it actually produced earnings of $0.55, delivering a surprise of +5.77%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Fulton Financial doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Expected Results of an Industry PlayerAmong the stocks in the Zacks Banks - Northeast industry, Bank OZK (OZK - Free Report) , is soon expected to post earnings of $1.46 per share for the quarter ended March 2026. This estimate indicates a year-over-year change of -0.7%. This quarter's revenue is expected to be $421.86 million, up 3.1% from the year-ago quarter.
Over the last 30 days, the consensus EPS estimate for Bank OZK has been revised 0.5% down to the current level. Nevertheless, the company now has an Earnings ESP of -4.22%, reflecting a lower Most Accurate Estimate.
This Earnings ESP, combined with its Zacks Rank #4 (Sell), makes it difficult to conclusively predict that Bank OZK will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates two times.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
, /PRNewswire/ -- Fulton Financial Corporation (NASDAQ: FULT) ("Fulton" or the "Corporation") reported net income available to common shareholders of $92.2 million, or $0.51 per diluted share, for the first quarter of 2026, a decrease of $4.2 million in comparison to the fourth quarter of 2025. Operating net income available to common shareholders for the three months ended March 31, 2026 was $99.7 million(1), or $0.55 per diluted share(1), an increase of $0.3 million in comparison to the fourth quarter of 2025.
Fulton Financial Corporation "Our first quarter results reflect steady, solid profitability driven by disciplined execution of our strategy," said Fulton Chairman, CEO, and President, Curtis J. Myers. "The Blue Foundry Bancorp acquisition expands our presence in northern New Jersey and meaningfully advances our business objectives. We are pleased to welcome Blue Foundry Bank's team members and customers to Fulton. Our focus now turns to a seamless integration, a smooth customer transition, and the continued delivery of positive operating leverage and successful strategic outcomes."
Financial Highlights
First quarter of 2026 operating results of $0.55 per diluted share(1) were impacted by the following items:
Net interest margin remained solid at 3.58%, representing a one basis point decline from the prior quarter. Non-interest income decreased $0.1 million to $69.8 million compared to $70.0 million in the prior quarter. Non-interest expense decreased $12.7 million to $200.3 million compared to $213.0 million in the prior quarter. Operating non-interest expense decreased $13.4 million to $190.7 million(1) compared to $204.1 million in the prior quarter. Provision for credit losses was $14.4 million resulting in an allowance for credit losses attributable to net loans of $367.5 million, or 1.51% of total net loans as of March 31, 2026. Common equity tier 1 capital ratio(2) increased to approximately 11.9% compared to 11.8% in the prior quarter. During the first quarter of 2026, 1,212,650 shares of the Corporation's common stock were repurchased under the 2026 Repurchase Program(3) at a cost of $24.5 million or an average of $20.21 per share. The following items highlight notable changes in the components of net income in the first quarter of 2026 compared to the fourth quarter of 2025:
Net interest income decreased $4.0 million to $262.0 million. A $10.1 million decrease in interest income on net loans and a $2.2 million decrease in interest income on investment securities were partially offset by an $8.6 million decrease in interest expense on deposits. Purchase loan mark accretion from loans acquired in the Republic Acquisition(4) was $10.3 million in the first quarter of 2026 compared to $10.5 million in the prior quarter. Non-interest income before investment securities gains (losses) was $69.8 million compared to $70.0 million in the prior quarter. The $0.1 million decrease was primarily due to decreases of $1.3 million in commercial banking fee income and $1.3 million in consumer banking fee income mainly attributable to two less days in the first quarter and seasonality, partially offset by a $1.3 million increase in income from equity method investments, reflected in other income, and a $0.6 million increase in wealth management revenues. Non-interest expense was $200.3 million compared to $213.0 million in the prior quarter. The $12.7 million decrease in non-interest expense was primarily due to a $11.7 million decrease in salaries and employee benefits expense primarily due to a $11.3 million decrease in incentive compensation expense. Acquisition-related expense associated with the Blue Foundry Bancorp transaction(5) was $2.6 million compared to $0.8 million in the prior quarter. Balance Sheet Summary
Total net loans increased $121.5 million to $24.3 billion compared to $24.1 billion as of December 31, 2025. The increase was primarily due to increases of $78.7 million in consumer loans(6) and $42.7 million in commercial loans(6) which included an opportunistic purchase of an in-market commercial loan portfolio. Deposits totaled $26.8 billion, a $178.9 million increase compared to $26.6 billion as of December 31, 2025. The increase was primarily due to increases of $362.4 million in savings deposits and $78.8 million in noninterest-bearing demand deposits, partially offset by decreases of $146.5 million in interest-bearing demand deposits and $139.2 million in brokered deposits. Provision for Credit Losses and Asset Quality
The provision for credit losses totaled $14.4 million in the first quarter of 2026, resulting in a $367.5 million allowance for credit losses attributable to net loans, or 1.51% of total net loans as of March 31, 2026, compared to $364.5 million, or 1.51% of total net loans as of December 31, 2025. Non-performing assets were $177.5 million, or 0.55% of total assets, as of March 31, 2026, in comparison to $185.2 million, or 0.58% of total assets, as of December 31, 2025. Annualized net charge-offs for the first quarter of 2026 were 0.25% of total average loans in comparison to 0.24% in the prior quarter. Additional information on Fulton is available on the Internet at www.fultonbank.com.
(1)
Financial measure derived by methods other than generally accepted accounting principles ("GAAP"). Refer to the calculation on the page titled "Reconciliation of Non-GAAP Measures" at the end of the press release.
(2)
Regulatory capital ratios as of March 31, 2026, are preliminary estimates and prior periods are actual.
(3)
The 2026 Repurchase Program represents the authorization, commencing on January 1, 2026 and expiring on January 31, 2027, to repurchase up to $150 million, excluding fees, commissions, excise tax and other ancillary expenses, of the Corporation's common stock. Under this authorization, up to $25 million of the $150 million authorization may be used to repurchase the Corporation's preferred stock, outstanding subordinated notes due 2030 or outstanding subordinated notes due 2035. As permitted by securities laws and other legal requirements and subject to market conditions and other factors, purchases may be made from time to time under the 2026 Repurchase Program in open market or privately negotiated transactions, including without limitation, through accelerated share repurchase transactions. The 2026 Repurchase Program may be discontinued at any time.
(4)
On April 26, 2024, the Corporation announced that its wholly owned banking subsidiary, Fulton Bank, National Association ("Fulton Bank"), acquired substantially all of the assets and assumed substantially all of the deposits and certain liabilities of Republic First Bank, doing business as Republic Bank ("Republic Bank"), from the Federal Deposit Insurance Corporation (the "FDIC"), as receiver for Republic Bank (the "Republic Acquisition"), pursuant to the terms of the Purchase and Assumption Agreement - Whole Bank, All Deposits, effective as of April 26, 2024 among the FDIC, as receiver of Republic Bank, the FDIC and Fulton Bank.
(5)
On November 24, 2025, the Corporation announced that it had entered into an Agreement and Plan of Merger (the "Merger Agreement") by and between the Corporation and Blue Foundry Bancorp, a Delaware corporation ("Blue Foundry"), pursuant to which, upon the terms and subject to the conditions set forth in the Merger Agreement, (i) Blue Foundry will merge with and into the Corporation (the "Merger"), with the Corporation surviving the Merger and (ii) following the Merger, Blue Foundry Bank, a New Jersey-chartered stock savings bank and wholly owned subsidiary of Blue Foundry, will merge with and into Fulton Bank, a national banking association and wholly owned subsidiary of the Corporation, with Fulton Bank continuing as the surviving bank. Effective April 1, 2026, the Corporation completed the Merger. Following the Merger, Blue Foundry Bank will operate as a separate, wholly owned subsidiary of the Corporation until Blue Foundry Bank merges with and into Fulton Bank, which is expected to occur during the summer of 2026 around the time of systems conversion.
(6)
Commercial loans include real estate - commercial mortgage, commercial and industrial, leases and other loans and includes a decrease in commercial construction loans of $96.1 million, reflected in real estate - construction. Consumer loans include real estate - residential mortgage, real estate - home equity, consumer and includes an increase of $2.3 million in residential construction loans, reflected in real estate - construction.
Note: Some numbers contained in this document may not sum due to rounding.
Safe Harbor Statement
This press release may contain forward-looking statements with respect to the Corporation's financial condition, results of operations and business. Do not unduly rely on forward-looking statements. Forward-looking statements can be identified by the use of words such as "may," "should," "will," "could," "estimates," "predicts," "potential," "continue," "anticipates," "believes," "plans," "expects," "future," "intends," "projects," the negative of these terms and other comparable terminology. These forward-looking statements may include projections of, or guidance on, the Corporation's future financial performance, expected levels of future expenses, including future credit losses, anticipated growth strategies, descriptions of new business initiatives and anticipated trends in the Corporation's business or financial results.
Forward-looking statements are neither historical facts, nor assurance of future performance. Instead, the statements are based on current beliefs, expectations and assumptions regarding the future of the Corporation's business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the Corporation's control, and actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not unduly rely on any of these forward-looking statements. Any forward-looking statement is based only on information currently available and speaks only as of the date when made. The Corporation undertakes no obligation, other than as required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
A discussion of certain risks and uncertainties affecting the Corporation, and some of the factors that could cause the Corporation's actual results to differ materially from those described in the forward-looking statements, can be found in the sections entitled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Corporation's Annual Report on Form 10-K for the year ended December 31, 2025 and other current and periodic reports, which have been, or will be, filed with the Securities and Exchange Commission (the "SEC") and are, or will be, available in the Investor Relations section of the Corporation's website (www.fultonbank.com) and on the SEC's website (www.sec.gov).
Non-GAAP Financial Measures
The Corporation uses certain financial measures in this press release that have been derived from methods other than GAAP. These non-GAAP financial measures are reconciled to the most comparable GAAP measures in tables at the end of this press release.
FULTON FINANCIAL CORPORATION
SUMMARY CONSOLIDATED FINANCIAL INFORMATION (UNAUDITED)
(dollars in thousands, except per share and shares data)
Three months ended
Mar 31
Dec 31
Sep 30
Jun 30
Mar 31
2026
2025
2025
2025
2025
Ending Balances
Investment securities(1)
$ 4,861,967
$ 4,833,744
$ 5,045,270
$ 5,093,027
$ 5,071,323
Net loans
24,266,345
24,144,884
24,041,489
24,012,539
23,862,574
Total assets
32,237,438
32,118,400
31,995,086
32,040,448
32,132,028
Deposits
26,768,335
26,589,407
26,332,490
26,138,067
26,328,972
Shareholders' equity
3,505,283
3,490,447
3,413,598
3,329,246
3,274,321
Average Balances
Investment securities(1)
4,785,276
4,921,669
5,025,072
5,084,371
4,906,952
Net loans
24,225,655
24,053,089
24,020,322
23,899,743
24,006,863
Total assets
31,999,228
32,013,163
31,924,038
31,901,574
31,971,601
Deposits
26,451,094
26,537,659
26,298,680
26,125,602
26,169,883
Shareholders' equity
3,543,911
3,464,539
3,361,368
3,304,015
3,254,125
Income Statement
Net interest income
262,023
266,042
264,198
254,921
251,187
Provision for credit losses
14,442
2,948
10,245
8,607
13,898
Non-interest income
69,841
69,980
70,407
69,148
67,232
Non-interest expense
200,294
212,986
196,574
192,811
189,460
Income before taxes
117,128
120,088
127,786
122,651
115,061
Net income available to common
shareholders
92,199
96,408
97,892
96,636
90,425
Per Share
Net income available to common
shareholders (basic)
$0.51
$0.53
$0.54
$0.53
$0.50
Net income available to common
shareholders (diluted)
$0.51
$0.53
$0.53
$0.53
$0.49
Operating net income available to common
shareholders(2)
$0.55
$0.55
$0.55
$0.55
$0.52
Cash dividends
$0.19
$0.19
$0.18
$0.18
$0.18
Common shareholders' equity
$18.52
$18.33
$17.81
$17.20
$16.91
Common shareholders' equity (tangible)(2)
$15.12
$14.92
$14.39
$13.78
$13.46
Weighted average shares (basic)
179,720
180,405
181,658
182,261
182,179
Weighted average shares (diluted)
181,655
182,197
183,349
183,813
184,077
(1) Includes related unrealized holding gains (losses) for available for sale ("AFS") securities.
(2) Non-GAAP financial measure. Refer to the calculation on the page titled "Reconciliation of Non-GAAP Measures" at the end of this press release.
Three months ended
Mar 31
Dec 31
Sep 30
Jun 30
Mar 31
2026
2025
2025
2025
2025
Asset Quality
Net charge-offs to average loans (annualized)
0.25 %
0.24 %
0.18 %
0.20 %
0.21 %
Non-performing loans to total net loans
0.72 %
0.76 %
0.83 %
0.89 %
0.82 %
Non-performing assets to total assets
0.55 %
0.58 %
0.63 %
0.67 %
0.62 %
ACL - loans(1) to total loans
1.51 %
1.51 %
1.57 %
1.57 %
1.59 %
ACL - loans(1) to non-performing loans
209 %
198 %
189 %
177 %
193 %
Profitability
Return on average assets
1.20 %
1.23 %
1.25 %
1.25 %
1.18 %
Operating return on average assets(2)
1.30 %
1.27 %
1.29 %
1.30 %
1.25 %
Return on average common shareholders'
equity
11.16 %
11.69 %
12.26 %
12.46 %
11.98 %
Operating return on average common
shareholders' equity (tangible)(2)
14.76 %
14.86 %
15.79 %
16.26 %
15.95 %
Net interest margin
3.58 %
3.59 %
3.57 %
3.47 %
3.43 %
Efficiency ratio(2)
56.7 %
60.0 %
56.5 %
57.1 %
56.7 %
Non-interest expense to total average assets
2.54 %
2.64 %
2.44 %
2.42 %
2.40 %
Operating non-interest expense to total
average assets(2)
2.42 %
2.53 %
2.38 %
2.36 %
2.32 %
Capital Ratios(3)
Tangible common equity ratio ("TCE")(2)
8.6 %
8.5 %
8.3 %
8.0 %
7.8 %
Tier 1 leverage ratio
9.9 %
9.7 %
9.6 %
9.4 %
9.2 %
Common equity Tier 1 capital ratio
11.9 %
11.8 %
11.6 %
11.3 %
11.1 %
Tier 1 risk-based capital ratio
12.7 %
12.6 %
12.4 %
12.1 %
11.9 %
Total risk-based capital ratio
15.1 %
15.2 %
15.0 %
14.7 %
14.5 %
(1) "ACL - loans" relates to the allowance for credit losses ("ACL") specifically on "Net Loans" and does not include the ACL related to off-balance-sheet
("OBS") credit exposures.
(2) Non-GAAP financial measure. Refer to the calculation on the page titled "Reconciliation of Non-GAAP Measures" at the end of this press release.
(3) Regulatory capital ratios as of March 31, 2026 are preliminary estimates and prior periods are actual.
(1) "ACL - loans" relates to the ACL specifically on "Net Loans" and does not include the ACL related to OBS credit exposures.
(2) Includes equipment lease financing, overdraft and net origination fees and costs.
FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
(dollars in thousands, except per share and share data)
Three months ended
Mar 31
Dec 31
Sep 30
Jun 30
Mar 31
2026
2025
2025
2025
2025
Net Interest Income:
Interest income
$ 390,056
$ 403,416
$ 411,006
$ 402,761
$ 399,692
Interest expense
128,033
137,374
146,808
147,840
148,505
Net Interest Income
262,023
266,042
264,198
254,921
251,187
Provision for credit losses
14,442
2,948
10,245
8,607
13,898
Net Interest Income after Provision
247,581
263,094
253,953
246,314
237,289
Non-Interest Income:
Wealth management
24,496
23,879
22,639
22,281
21,785
Commercial banking:
Merchant and card
6,343
6,847
7,327
7,376
6,591
Cash management
8,363
8,374
8,335
8,376
7,799
Capital markets
3,614
3,730
2,908
2,945
2,411
Other commercial banking
4,486
5,162
4,595
4,734
4,528
Total commercial banking
22,806
24,113
23,165
23,431
21,329
Consumer banking:
Card
7,887
8,366
8,246
7,958
7,544
Overdraft
3,798
4,109
4,153
3,817
3,295
Other consumer banking
2,491
2,967
2,775
2,753
2,229
Total consumer banking
14,176
15,442
15,174
14,528
13,068
Mortgage banking
3,955
3,636
3,711
3,991
3,138
Other
4,408
2,910
5,718
4,917
7,914
Non-interest income before investment securities (losses) gains
69,841
69,980
70,407
69,148
67,234
Investment securities (losses) gains, net
—
—
—
—
(2)
Total Non-Interest Income
69,841
69,980
70,407
69,148
67,232
Non-Interest Expense:
Salaries and employee benefits
109,917
121,632
111,265
107,123
103,526
Data processing and software
18,662
19,695
18,535
18,262
18,599
Net occupancy
18,229
17,554
15,954
16,410
18,207
Other outside services
12,750
13,105
12,951
12,009
11,837
Intangible amortization
5,349
5,365
5,368
5,460
6,269
FDIC insurance
4,249
4,540
5,089
4,951
5,597
Equipment
3,924
4,001
3,926
4,100
4,150
Professional fees
2,239
2,088
2,320
2,163
(1,078)
Marketing
2,331
1,694
2,470
2,604
2,521
Acquisition-related expenses
2,644
802
—
—
380
Other
20,000
22,510
18,696
19,729
19,452
Total Non-Interest Expense
200,294
212,986
196,574
192,811
189,460
Income Before Income Taxes
117,128
120,088
127,786
122,651
115,061
Income tax expense
22,367
21,118
27,332
23,453
22,074
Net Income
94,761
98,970
100,454
99,198
92,987
Preferred stock dividends
(2,562)
(2,562)
(2,562)
(2,562)
(2,562)
Net Income Available to Common Shareholders
$ 92,199
$ 96,408
$ 97,892
$ 96,636
$ 90,425
Three months ended
Mar 31
Dec 31
Sep 30
Jun 30
Mar 31
2026
2025
2025
2025
2025
PER SHARE:
Net income available to common shareholders (basic)
$0.51
$0.53
$0.54
$0.53
$0.50
Net income available to common shareholders (diluted)
$0.51
$0.53
$0.53
$0.53
$0.49
Cash dividends
$0.19
$0.19
$0.18
$0.18
$0.18
Weighted average shares (basic)
179,720
180,405
181,658
182,261
182,179
Weighted average shares (diluted)
181,655
182,197
183,349
183,813
184,077
FULTON FINANCIAL CORPORATION
CONDENSED CONSOLIDATED AVERAGE BALANCE SHEET ANALYSIS (UNAUDITED)
(dollars in thousands)
Three months ended
March 31, 2026
December 31, 2025
March 31, 2025
Average
Yield/
Average
Yield/
Average
Yield/
Balance
Interest(1)
Rate
Balance
Interest(1)
Rate
Balance
Interest(1)
Rate
ASSETS
Interest-earning assets:
Net loans(2)
$ 24,225,655
$ 341,843
5.70 %
$ 24,053,089
$ 352,014
5.82 %
$ 24,006,863
$ 347,626
5.86 %
Investment securities(3)
5,001,079
44,771
3.58 %
5,159,396
47,007
3.64 %
5,199,000
47,242
3.63 %
Other interest-earning assets
773,171
7,745
4.05 %
820,025
8,811
4.27 %
793,126
9,164
4.67 %
Total Interest-Earning Assets
29,999,905
394,359
5.31 %
30,032,510
407,832
5.40 %
29,998,989
404,032
5.44 %
Noninterest-earning assets:
Cash and due from banks
300,074
284,768
301,897
Premises and equipment
173,203
178,194
191,248
Other assets
1,896,687
1,898,152
1,864,996
Less: ACL - loans(4)
(370,641)
(380,461)
(385,529)
Total Assets
$ 31,999,228
$ 32,013,163
$ 31,971,601
LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing liabilities:
Demand deposits
$ 7,774,121
$ 29,036
1.51 %
$ 7,984,980
$ 33,831
1.68 %
$ 7,753,586
$ 34,189
1.79 %
Savings deposits
8,684,478
44,663
2.09 %
8,519,075
47,219
2.20 %
7,971,728
45,101
2.29 %
Brokered deposits
856,823
8,210
3.89 %
803,755
8,325
4.11 %
904,722
10,038
4.50 %
Time deposits
4,015,644
33,896
3.42 %
3,986,459
34,996
3.48 %
4,127,784
41,564
4.08 %
Total Interest-Bearing Deposits
21,331,066
115,805
2.20 %
21,294,269
124,371
2.32 %
20,757,820
130,892
2.56 %
Borrowings and other interest-bearing
liabilities
1,359,113
12,228
3.65 %
1,345,837
13,003
3.83 %
1,754,900
17,613
4.07 %
Total Interest-Bearing Liabilities
22,690,179
128,033
2.29 %
22,640,106
137,374
2.41 %
22,512,720
148,505
2.67 %
Noninterest-bearing liabilities:
Demand deposits
5,120,028
5,243,390
5,412,063
Other liabilities
645,110
665,128
792,693
Total Liabilities
28,455,317
28,548,624
28,717,476
Total Deposits
26,451,094
1.78 %
26,537,659
1.86 %
26,169,883
2.03 %
Total interest-bearing liabilities and
non-interest bearing deposits (cost of
funds)
27,810,207
1.87 %
27,883,496
1.96 %
27,924,783
2.15 %
Shareholders' equity
3,543,911
3,464,539
3,254,125
Total Liabilities and Shareholders'
Equity
$ 31,999,228
$ 32,013,163
$ 31,971,601
Net interest income/net interest margin
(fully taxable equivalent)
266,326
3.58 %
270,458
3.59 %
255,527
3.43 %
Tax equivalent adjustment
(4,303)
(4,416)
(4,340)
Net Interest Income
$ 262,023
$ 266,042
$ 251,187
(1) Presented on a fully taxable-equivalent basis using a 21% federal tax rate and statutory interest expense disallowances.
(2) Average balances include non-performing loans.
(3) Average balances include amortized historical cost for AFS securities; the related unrealized holding gains (losses) are included in other assets.
(4) ACL - loans relates to the ACL for net loans and does not include the ACL related to OBS credit exposures, which is included in other liabilities.
FULTON FINANCIAL CORPORATION
AVERAGE LOANS, DEPOSITS AND BORROWINGS DETAIL (UNAUDITED)
(dollars in thousands)
Three months ended
Mar 31
Dec 31
Sep 30
Jun 30
Mar 31
2026
2025
2025
2025
2025
Loans, by type:
Real estate - commercial mortgage
$ 9,930,713
$ 9,785,717
$ 9,721,395
$ 9,652,320
$ 9,655,283
Commercial and industrial
4,522,694
4,473,522
4,494,662
4,530,085
4,608,401
Real estate - residential mortgage
6,696,646
6,646,318
6,560,413
6,448,443
6,367,978
Real estate - home equity
1,235,977
1,223,293
1,191,465
1,179,109
1,160,713
Real estate - construction
926,026
1,014,343
1,125,130
1,172,138
1,296,090
Consumer
576,852
577,136
590,658
599,505
615,741
Leases and other loans(1)
336,747
332,760
336,599
318,142
302,657
Total Net Loans
$ 24,225,655
$ 24,053,089
$ 24,020,322
$ 23,899,742
$ 24,006,863
Deposits, by type:
Noninterest-bearing demand
$ 5,120,028
$ 5,243,390
$ 5,239,393
$ 5,303,997
$ 5,412,063
Interest-bearing demand
7,774,121
7,984,980
7,876,227
7,800,881
7,753,586
Savings
8,684,478
8,519,075
8,391,379
8,219,637
7,971,728
Total demand and savings
21,578,627
21,747,445
21,506,999
21,324,515
21,137,377
Brokered
856,823
803,755
694,486
688,957
904,722
Time
4,015,644
3,986,459
4,097,195
4,112,130
4,127,784
Total Deposits
$ 26,451,094
$ 26,537,659
$ 26,298,680
$ 26,125,602
$ 26,169,883
Borrowings, by type:
Federal funds purchased
$ —
$ 54
$ —
$ 1,099
$ —
Federal Home Loan Bank advances
221,039
237,880
484,022
712,198
709,367
Senior debt and subordinated debt
367,679
367,598
367,517
367,438
367,357
Other borrowings and other interest-bearing liabilities
770,395
740,305
713,456
675,511
678,176
Total Borrowings
$ 1,359,113
$ 1,345,837
$ 1,564,995
$ 1,756,246
$ 1,754,900
(1) Includes equipment lease financing, overdraft and net origination fees and costs.
FULTON FINANCIAL CORPORATION
ASSET QUALITY INFORMATION (UNAUDITED)
(dollars in thousands)
Three months ended
Mar 31
Dec 31
Sep 30
Jun 30
Mar 31
2026
2025
2025
2025
2025
Allowance for credit losses related to net loans:
Balance at beginning of period
$ 364,462
$ 376,258
$ 377,337
$ 379,677
$ 379,156
Initial allowance for credit losses on purchased loans
3,351
—
—
—
—
Loans charged off:
Real estate - commercial mortgage
(4,102)
(14,104)
(3,906)
(6,402)
(12,106)
Commercial and industrial
(10,545)
(5,295)
(5,847)
(5,780)
(3,865)
Real estate - residential mortgage
(391)
(58)
(394)
(258)
(343)
Consumer and home equity
(2,164)
(2,212)
(2,527)
(1,885)
(2,193)
Real estate - construction
—
—
(5,286)
(100)
—
Leases and other loans(2)
(1,116)
(1,140)
(1,479)
(1,491)
(1,527)
Total loans charged off
(18,318)
(22,809)
(19,439)
(15,916)
(20,034)
Recoveries of loans previously charged off:
Real estate - commercial mortgage
701
633
4,307
133
374
Commercial and industrial
740
6,592
3,205
2,628
5,952
Real estate - residential mortgage
72
230
33
203
174
Consumer and home equity
584
861
726
899
660
Real estate - construction
884
—
47
99
82
Leases and other loans(2)
429
146
192
240
201
Total recoveries of loans previously charged off
3,410
8,462
8,510
4,202
7,443
Net loans charged off
(14,908)
(14,347)
(10,929)
(11,714)
(12,591)
Provision for credit losses(1)
14,584
2,551
9,850
9,374
13,112
Balance at end of period
$ 367,489
$ 364,462
$ 376,258
$ 377,337
$ 379,677
Net charge-offs to average loans(3)
0.25 %
0.24 %
0.18 %
0.20 %
0.21 %
Provision for credit losses related to OBS Credit Exposures
Provision for credit losses(1)
$ (142)
$ 397
$ 395
$ (767)
$ 786
NON-PERFORMING ASSETS:
Non-accrual loans
$ 142,035
$ 153,872
$ 150,137
$ 182,942
$ 162,426
Loans 90 days past due and accruing
33,816
29,924
48,597
29,949
34,367
Total non-performing loans
175,851
183,796
198,734
212,891
196,793
Other real estate owned
1,648
1,365
2,305
2,706
2,193
Total non-performing assets
$ 177,499
$ 185,161
$ 201,039
$ 215,597
$ 198,986
NON-PERFORMING LOANS, BY TYPE:
Commercial and industrial
$ 47,759
$ 47,756
$ 48,817
$ 45,565
$ 42,913
Real estate - commercial mortgage
64,890
74,981
87,789
90,852
88,081
Real estate - residential mortgage
47,826
45,569
44,689
37,703
46,878
Consumer and home equity
12,339
11,875
12,658
11,109
12,682
Real estate - construction
3,000
2,267
3,461
25,602
3,666
Leases and other loans(2)
37
1,348
1,320
2,060
2,573
Total non-performing loans
$ 175,851
$ 183,796
$ 198,734
$ 212,891
$ 196,793
(1) The sum of these amounts are reflected in the provision for credit losses in the Condensed Consolidated Statements of Income.
(2) Includes equipment lease financing, overdraft and net origination fees and costs.
(3) Quarterly results are annualized.
FULTON FINANCIAL CORPORATION
RECONCILIATION OF NON-GAAP MEASURES (UNAUDITED)
(dollars in thousands, except per share and share data)
Explanatory note:
This press release contains supplemental financial information, as detailed below, that has been derived by
methods other than GAAP. The Corporation has presented these non-GAAP financial measures because it
believes that these measures provide useful and comparative information to assess trends in the Corporation's
results of operations and financial condition. Presentation of these non-GAAP financial measures is consistent
with how the Corporation evaluates its performance internally and these non-GAAP financial measures are
frequently used by securities analysts, investors and other interested parties in the evaluation of companies in
the Corporation's industry. Management believes that these non-GAAP financial measures, in addition to GAAP
measures, are also useful to investors to evaluate the Corporation's results. Investors should recognize that the
Corporation's presentation of these non-GAAP financial measures might not be comparable to similarly titled
measures of other companies. These non-GAAP financial measures should not be considered a substitute for
GAAP basis measures, and the Corporation strongly encourages a review of its condensed consolidated
financial statements in their entirety. Reconciliations of these non-GAAP financial measures to the most directly
comparable GAAP measure follow:
Three months ended
Mar 31
Dec 31
Sep 30
Jun 30
Mar 31
2026
2025
2025
2025
2025
Operating net income available to common shareholders
Net income available to common shareholders
$ 92,199
$ 96,408
$ 97,892
$ 96,636
$ 90,425
Less: Other (1)
—
(4,989)
(738)
(9)
(122)
Plus: Core deposit intangible amortization
5,255
5,255
5,255
5,346
6,155
Plus: Acquisition-related expense
2,644
802
—
—
380
Plus: FDIC special assessment
—
(95)
—
—
—
Plus: FultonFirst implementation and asset disposals
1,556
2,795
(207)
(270)
(47)
Less: Tax impact of adjustments
(1,985)
(791)
(905)
(1,064)
(1,337)
Operating net income available to common shareholders (numerator)
$ 99,669
$ 99,385
$ 101,297
$ 100,639
$ 95,454
Weighted average shares (diluted) (denominator)
181,655
182,197
183,349
183,813
184,077
Operating net income available to common shareholders, per share
(diluted)
$ 0.55
$ 0.55
$ 0.55
$ 0.55
$ 0.52
Common shareholders' equity (tangible), per share
Shareholders' equity
$ 3,505,283
$ 3,490,447
$ 3,413,598
$ 3,329,246
$ 3,274,321
Less: Preferred stock
(192,878)
(192,878)
(192,878)
(192,878)
(192,878)
Less: Goodwill and intangible assets
(607,647)
(612,996)
(618,361)
(623,729)
(629,189)
Tangible common shareholders' equity (numerator)
$ 2,704,758
$ 2,684,573
$ 2,602,359
$ 2,512,639
$ 2,452,254
Shares outstanding, end of period (denominator)
178,843
179,895
180,865
182,379
182,204
Common shareholders' equity (tangible), per share
$ 15.12
$ 14.92
$ 14.39
$ 13.78
$ 13.46
(1) Includes loan recovery adjustments of $5.0 million and $0.6 million in the fourth quarter of 2025 and the third quarter of 2025, respectively, reflected in the
provision for credit losses related to a loan acquired in the Republic Acquisition.
Three months ended
Mar 31
Dec 31
Sep 30
Jun 30
Mar 31
2026
2025
2025
2025
2025
Operating return on average assets
Net income
$ 94,761
$ 98,970
$ 100,454
$ 99,198
$ 92,987
Less: Other (1)
—
(4,989)
(738)
(9)
(122)
Plus: Core deposit intangible amortization
5,255
5,255
5,255
5,346
6,155
Plus: Acquisition-related expense
2,644
802
—
—
380
Plus: FDIC special assessment
—
(95)
—
—
—
Plus: FultonFirst implementation and asset disposals
1,556
2,795
(207)
(270)
(47)
Less: Tax impact of adjustments
(1,985)
(791)
(905)
(1,064)
(1,337)
Operating net income (numerator)
$ 102,231
$ 101,947
$ 103,859
$ 103,201
$ 98,016
Total average assets
$ 31,999,228
$ 32,013,163
$ 31,924,038
$ 31,901,574
$ 31,971,601
Less: Average net core deposit intangible
(54,629)
(60,726)
(65,999)
(71,282)
(77,039)
Total operating average assets (denominator)
$ 31,944,599
$ 31,952,437
$ 31,858,039
$ 31,830,292
$ 31,894,562
Operating return on average assets(2)
1.30 %
1.27 %
1.29 %
1.30 %
1.25 %
Operating return on average common shareholders' equity (tangible)
Net income available to common shareholders
$ 92,199
$ 96,408
$ 97,892
$ 96,636
$ 90,425
Less: Other (1)
—
(4,989)
(738)
(9)
(122)
Plus: Intangible amortization
5,349
5,365
5,368
5,460
6,269
Plus: Acquisition-related expense
2,644
802
—
—
380
Plus: FDIC special assessment
—
(95)
—
—
Plus: FultonFirst implementation and asset disposals
1,556
2,795
(207)
(270)
(47)
Less: Tax impact of adjustments
(2,005)
(814)
(929)
(1,088)
(1,361)
Adjusted net income available to common shareholders (numerator)
$ 99,743
$ 99,472
$ 101,386
$ 100,729
$ 95,544
Average shareholders' equity
$ 3,543,911
$ 3,464,539
$ 3,361,368
$ 3,304,015
$ 3,254,125
Less: Average preferred stock
(192,878)
(192,878)
(192,878)
(192,878)
(192,878)
Less: Average goodwill and intangible assets
(610,262)
(615,600)
(620,986)
(626,383)
(632,254)
Average tangible common shareholders' equity (denominator)
$ 2,740,771
$ 2,656,061
$ 2,547,504
$ 2,484,754
$ 2,428,993
Operating return on average common shareholders' equity (tangible)(2)
14.76 %
14.86 %
15.79 %
16.26 %
15.95 %
Tangible common equity to tangible assets (TCE Ratio)
Shareholders' equity
$ 3,505,283
$ 3,490,447
$ 3,413,598
$ 3,329,246
$ 3,274,321
Less: Preferred stock
(192,878)
(192,878)
(192,878)
(192,878)
(192,878)
Less: Goodwill and intangible assets
(607,647)
(612,996)
(618,361)
(623,729)
(629,189)
Tangible common shareholders' equity (numerator)
$ 2,704,758
$ 2,684,573
$ 2,602,359
$ 2,512,639
$ 2,452,254
Total assets
$ 32,237,438
$ 32,118,400
$ 31,995,086
$ 32,040,448
$ 32,132,028
Less: Goodwill and intangible assets
(607,647)
(612,996)
(618,361)
(623,729)
(629,189)
Total tangible assets (denominator)
$ 31,629,791
$ 31,505,404
$ 31,376,725
$ 31,416,719
$ 31,502,839
Tangible common equity to tangible assets
8.55 %
8.52 %
8.29 %
8.00 %
7.78 %
(1) Includes loan recovery adjustments of $5.0 million and $0.6 million in the fourth quarter of 2025 and the third quarter of 2025, respectively, reflected in the
provision for credit losses related to a loan acquired in the Republic Acquisition.
(2) Results are annualized.
Three months ended
Mar 31
Dec 31
Sep 30
Jun 30
Mar 31
2026
2025
2025
2025
2025
Efficiency ratio
Non-interest expense
$ 200,294
$ 212,986
$ 196,574
$ 192,811
$ 189,460
Less: Acquisition-related expense
(2,644)
(802)
—
—
(380)
Less: FDIC special assessment
—
95
—
—
—
Less: FultonFirst implementation and asset disposals
(1,556)
(2,795)
207
270
47
Less: Intangible amortization
(5,349)
(5,365)
(5,368)
(5,460)
(6,269)
Operating non-interest expense (numerator)
$ 190,745
$ 204,119
$ 191,413
$ 187,621
$ 182,858
Net interest income
$ 262,023
$ 266,042
$ 264,198
$ 254,921
$ 251,187
Tax equivalent adjustment
4,303
4,416
4,436
4,389
4,340
Plus: Total non-interest income
69,841
69,980
70,407
69,148
67,232
Less: Other revenue
—
11
(138)
(9)
(122)
Plus: Investment securities (gains) losses, net
—
—
—
—
2
Total revenue (denominator)
$ 336,167
$ 340,449
$ 338,903
$ 328,449
$ 322,639
Efficiency ratio
56.7 %
60.0 %
56.5 %
57.1 %
56.7 %
Operating non-interest expense to total average assets
Non-interest expense
$ 200,294
$ 212,986
$ 196,574
$ 192,811
$ 189,460
Less: Intangible amortization
(5,349)
(5,365)
(5,368)
(5,460)
(6,269)
Less: Acquisition-related expense
(2,644)
(802)
—
—
(380)
Less: FDIC special assessment
—
95
—
—
—
Less: FultonFirst implementation and asset disposals
(1,556)
(2,795)
207
270
47
Operating non-interest expense (numerator)
$ 190,745
$ 204,119
$ 191,413
$ 187,621
$ 182,858
Total average assets (denominator)
$ 31,999,228
$ 32,013,163
$ 31,924,038
$ 31,901,574
$ 31,971,601
Operating non-interest expenses to total average assets(1)
2.42 %
2.53 %
2.38 %
2.36 %
2.32 %
(1) Results are annualized.
Media Contact: Lacey Dean (717) 735-8688
Investor Contact: Rick Kraemer (717) 327-2567
Fulton Financial (FULT - Free Report) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.5 per share. This compares to earnings of $0.52 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +10.00%. A quarter ago, it was expected that this financial holding company would post earnings of $0.52 per share when it actually produced earnings of $0.55, delivering a surprise of +5.77%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Fulton Financial, which belongs to the Zacks Banks - Northeast industry, posted revenues of $336.17 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 0.32%. This compares to year-ago revenues of $322.76 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Fulton Financial shares have added about 13.1% since the beginning of the year versus the S&P 500's gain of 3.2%.
What's Next for Fulton Financial?While Fulton Financial 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 Fulton Financial was unfavorable. 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 #4 (Sell) for the stock. So, the shares are expected to underperform 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 $0.50 on $366 million in revenues for the coming quarter and $2.09 on $1.44 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, Banks - Northeast is currently in the bottom 42% 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.
ConnectOne Bancorp (CNOB - 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 23.
This holding company for ConnectOne Bank is expected to post quarterly earnings of $0.73 per share in its upcoming report, which represents a year-over-year change of +43.1%. The consensus EPS estimate for the quarter has been revised 1.9% lower over the last 30 days to the current level.
ConnectOne Bancorp's revenues are expected to be $116.22 million, up 65.5% from the year-ago quarter.
Fulton Financial (FULT - Free Report) reported $336.17 million in revenue for the quarter ended March 2026, representing a year-over-year increase of 4.2%. EPS of $0.55 for the same period compares to $0.52 a year ago.
The reported revenue represents a surprise of -0.32% over the Zacks Consensus Estimate of $337.25 million. With the consensus EPS estimate being $0.50, the EPS surprise was +10%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Fulton Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Interest Margin: 3.6% versus the two-analyst average estimate of 3.6%.Efficiency Ratio: 56.7% versus the two-analyst average estimate of 60.7%.Total Non-Interest Income: $69.84 million versus $68.35 million estimated by two analysts on average.View all Key Company Metrics for Fulton Financial here>>>
Shares of Fulton Financial have returned +9.3% over the past month versus the Zacks S&P 500 composite's +8.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Fulton Financial (NASDAQ:FULT) reported first-quarter 2026 operating earnings of $0.55 per diluted share, as management pointed to “strong revenue generation and prudent expense management” that produced positive operating leverage and an improved efficiency ratio.
Chairman, CEO and President Curt Myers said the quarter reflected “the strength of our foundation and the consistent execution of our strategy,” adding that the company continued to make progress by “growing the company, delivering effectively, and operating with excellence.”
Quarterly performance and profitability Senior EVP and CFO Rick Kraemer said operating net income available to common shareholders was $99.7 million, or $0.55 per diluted share, consistent with the prior quarter. On a GAAP basis, earnings were $0.51 per diluted share, with the difference “primarily driven by acquisition-related expenses for deposit and tangible amortization and other non-operating items,” according to Kraemer.
Myers cited operating profitability metrics of 1.30% return on average assets and 14.76% return on tangible common equity. He also said pre-provision net revenue increased $9.2 million from the prior quarter to $141 million and that the efficiency ratio improved to 56.7%.
Net interest income, margin, and balance sheet trends Net interest income totaled $262 million, down about $4 million from the fourth quarter, which Kraemer attributed largely to day-count effects. He said interest income declined due to “slightly lower loan and security yields,” while interest expense also fell as the company continued managing deposit pricing and improved its funding mix.
Fulton’s net interest margin was 3.58%, down one basis point from the prior quarter. Kraemer said margin performance reflected “underlying structural stability rather than short-term tactical actions,” with deposit pricing discipline largely offsetting asset yield pressure. He also noted that brokered balances declined further during the quarter and described the company’s interest rate risk profile as “relatively neutral.”
On funding, Kraemer said average deposit balances were stable while ending balances increased $179 million, driven by higher savings balances and an increase in non-interest-bearing demand deposits. Total cost of funds decreased nine basis points due to pricing actions and favorable mix.
Loan balances increased $121 million during the quarter, with Myers highlighting that growth was led primarily by commercial mortgage and included “an opportunistic purchase of an in-market commercial loan portfolio.” He said that was partially offset by lower construction balances and the planned runoff of the indirect auto portfolio. Kraemer added that credit spreads on originated loans “remained stable” and said the company continued to emphasize disciplined pricing and return thresholds.
Myers provided additional detail on the portfolio purchase in the Q&A, describing it as a “commercial portfolio right in the heart of our franchise” purchased from a “high-quality institution.” He said the portfolio was around $200 million with an average loan size of about $1.2 million and was “a pretty similar customer base to ours.”
In securities, Kraemer said the investment portfolio increased $28 million and remained 15% of total assets. He added that accumulated other comprehensive income increased $23 million during the quarter due to a late-March rise in interest rates.
Fees, expenses, and credit Non-interest income was $69.8 million, “effectively flat” with the prior quarter, Kraemer said. Wealth management revenue increased and was partially offset by seasonal declines in other fee categories and the impact of two fewer days in the quarter. Myers said fee income grew more than 9% year over year across all businesses versus the first quarter of 2025, led by a 12% increase in wealth management, and again represented more than 20% of total revenue.
Non-interest expense totaled $200.3 million, down $12.7 million from the prior quarter, driven by lower incentive compensation and non-personnel cost discipline, partially offset by $2.6 million of acquisition-related expenses, Kraemer said. On an operating basis, expenses were $190.7 million. Asked about expense expectations, Kraemer said the company remained comfortable with its annual guidance and that it implied operating expenses rising from “that 191 operating base today on a standalone basis to something closer to 200 by the end of the year.”
On credit, the provision for credit losses was $14.4 million, resulting in an allowance for credit losses of $367.5 million, or 1.51% of total loans, Kraemer said. Non-performing assets improved to 55 basis points of total assets from 58 basis points in the fourth quarter, and net charge-offs were 25 basis points of average loans annualized. In the Q&A, management said classified and criticized assets continued to trend down and that credit metrics were stable or moving in a positive direction.
Blue Foundry acquisition, capital, and outlook Myers and Kraemer highlighted the closing of Fulton’s acquisition of Blue Foundry Bancorp on April 1, which will be reflected in second-quarter results. Myers said the company’s focus is “thoughtful integration, supporting customers, aligning teams,” with integration planning progressing and efforts expected to be completed later in the summer.
Kraemer said the deal is expected to be “immediately earnings and tangible book accretive in line with previous expectations,” with revenue enhancements driven primarily by relationship expansion. In response to a question about margins following the close, Kraemer said directionally net interest margin should be higher as purchase accounting accretion begins in the second quarter, while also noting deposit repricing “is starting to trough” and pointing to upcoming fixed-rate asset repricing in the back book.
Management also discussed the strategic appeal of Blue Foundry’s Northern New Jersey presence. Myers said Fulton already had a small footprint in the market and that the acquisition “gets us in that market in a bigger way,” adding that Fulton sees opportunities to “go up market in real estate” as well as in wealth and mortgage. He said there was nothing on Blue Foundry’s balance sheet that Fulton planned to purposefully run off. Kraemer added that some of Blue Foundry’s originations had been brokered or third-party and that Fulton could “replace that with Fulton-originated paper,” which he said should help spreads and absolute yields.
On capital, Kraemer said the CET1 ratio increased to about 11.9% and the tangible common equity ratio improved to 8.6%. Fulton repurchased about $24.5 million of common stock during the quarter under its 2026 authorization. In the Q&A, management said it does not manage to specific capital ratio targets and views capital as “pretty robust,” prioritizing organic growth, flexibility for other opportunities, and opportunistic repurchases. Myers said $125 million remained under the authorization.
Looking ahead, Kraemer said Fulton affirmed full-year 2026 operating guidance, with the only change being an updated interest rate assumption to reflect a 25 basis point cut in July rather than March. He reiterated expectations for annualized mid-single-digit loan growth, controlled expense growth, and strong capital generation.
About Fulton Financial (NASDAQ:FULT) Fulton Financial Corporation, trading on the NASDAQ under the ticker FULT, is the financial holding company for Fulton Bank, headquartered in Lancaster, Pennsylvania. The company delivers a broad range of banking and financial services through its subsidiary, Fulton Bank, targeting both individual and corporate clients. Fulton Financial’s offerings include deposit accounts, lending solutions, treasury management, and specialized banking services designed to support personal wealth goals and business growth initiatives.
Through Fulton Bank, the company provides retail banking services such as checking and savings accounts, consumer and residential mortgage loans, and home equity products.
Featured Stories Five stocks we like better than Fulton Financial
Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.
Based in Lancaster, Fulton Financial (FULT - Free Report) is in the Finance sector, and so far this year, shares have seen a price change of 12.42%. Currently paying a dividend of $0.19 per share, the company has a dividend yield of 3.5%. In comparison, the Banks - Northeast industry's yield is 2.34%, while the S&P 500's yield is 1.39%.
Looking at dividend growth, the company's current annualized dividend of $0.76 is up 4.1% from last year. Over the last 5 years, Fulton Financial has increased its dividend 5 times on a year-over-year basis for an average annual increase of 7.25%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Fulton Financial's current payout ratio is 35%, meaning it paid out 35% of its trailing 12-month EPS as dividend.
Looking at this fiscal year, FULT expects solid earnings growth. The Zacks Consensus Estimate for 2026 is $2.17 per share, which represents a year-over-year growth rate of 0.46%.
Investors like dividends for a variety of different reasons, from tax advantages and decreasing overall portfolio risk to considerably improving stock investing profits. However, not all companies offer a quarterly payout.
Big, established firms that have more secure profits are often seen as the best dividend options, but it's fairly uncommon to see high-growth businesses or tech start-ups offer their stockholders a dividend. During periods of rising interest rates, income investors must be mindful that high-yielding stocks tend to struggle. That said, they can take comfort from the fact that FULT is not only an attractive dividend play, but is also a compelling investment opportunity with a Zacks Rank of #2 (Buy).
, /PRNewswire/ -- Fulton Financial Corporation (Nasdaq: FULT) ("Fulton") today announced the pricing of its underwritten public offering of $300 million aggregate principal amount of its Fixed-to-Floating Rate Subordinated Notes due 2036 (the "Notes"). The Notes will bear interest from and including May 5, 2026 to, but excluding, May 15, 2031, at a fixed rate of 5.950% per annum, payable semi-annually in arrears. From and including May 15, 2031 to, but excluding, May 15, 2036 (unless redeemed prior to such date), the Notes will bear interest at a floating rate per annum equal to the Three-Month Term SOFR, plus 217 basis points, payable quarterly in arrears.
The Notes may be redeemed, at the option of Fulton, beginning on May 15, 2031, and on any date thereafter, in whole or in part, at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest to, but excluding, the date of redemption.
Fulton intends to use the net proceeds from this offering to repay $195 million aggregate principal amount of its outstanding 3.250% Fixed-to-Floating Rate Subordinated Notes due 2030 and for general corporate purposes. The offering is expected to close on or about May 5, 2026, subject to customary closing conditions.
Piper Sandler and J.P. Morgan acted as joint book-running managers in the Notes offering.
The Notes are being offered pursuant to an effective registration statement (File No. 333-289488) which Fulton filed with the Securities and Exchange Commission (the "SEC") by means of a prospectus supplement and accompanying base prospectus.
Copies of the prospectus supplement and accompanying base prospectus relating to the offering of the Notes can be obtained without charge by visiting the SEC's website at www.sec.gov, or may be obtained from: Piper Sandler & Co., at 1251 Avenue of the Americas, 6th Floor, New York, New York 10020, Attn: Syndicate Operations, by email at [email protected], or by calling 1 (866) 805-4128 or J.P. Morgan Securities LLC, at 270 Park Avenue, New York, New York 10017, or by calling 1 (212) 834-4533.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Notes in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Fulton Financial Corporation
Fulton, a $34 billion Lancaster, Pa.-based financial holding company, has more than 3,500 employees and operates more than 200 financial centers in Pennsylvania, New Jersey, Maryland, Delaware and Virginia through Fulton Bank, N.A. and Blue Foundry Bank. Additional information on Fulton can be found at https://investor.fultonbank.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws. Do not unduly rely on forward-looking statements. Forward-looking statements can be identified by the use of words such as "may," "should," "will," "could," "estimates," "predicts," "potential," "continue," "anticipates," "believes," "plans," "expects," "future," "intends," "projects," the negative of these terms and other comparable terminology. These forward-looking statements include statements regarding the offering of the Notes and Fulton's redemption of its outstanding 3.250% Fixed-to-Floating Rate Subordinated Notes due 2030. Fulton may be unable to close the offering on the anticipated date, or at all. There can be no guarantee that Fulton will redeem the 3.250% Fixed-to-Floating Rate Subordinated Notes due 2030 in full, in part or at all.
Forward-looking statements are neither historical facts nor assurance of future performance. Instead, the statements are based on current beliefs, expectations and assumptions regarding the future of Fulton's business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of Fulton's control, and actual results and financial condition may differ materially from those indicated in the forward-looking statements. You should not unduly rely on any of these forward-looking statements. Any forward-looking statement is based only on information currently available and speaks only as of the date when made. Fulton undertakes no obligation, other than as required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
A discussion of certain risks and uncertainties affecting Fulton, and some of the factors that could cause Fulton's actual results to differ materially from those described in the forward-looking statements, can be found in Fulton's Annual Report on Form 10-K for the year ended December 31, 2025, which is accessible on the SEC's website at www.sec.gov and in the Investor Relations section of Fulton's website at www.fultonbank.com, and in other documents Fulton files with the SEC. Information on these websites is not part of this document.
Investor Relations Contact: Pat Lafferty
(717) 327-2556
Financial services stocks are quietly running one of the better setups in the market right now. The 10-year Treasury is parked at 4.42%, the 30-year is near 5.00%, and BEA data shows the financial sector generated $897.1 billion in profits in Q4 2025, up 9.6% year over year. Higher long rates are widening lending spreads while digital-first operators capture deposits cheaply. Sub-$50 entry points into this group are getting harder to dismiss.
With Synchrony Financial (NYSE:SYF | SYF Price Prediction) trading above our price ceiling, here are three financial services stocks under $50 where digitization and rates tailwinds are showing up in the numbers.
SoFi Technologies (NASDAQ: SOFI) SoFi Technologies (NASDAQ:SOFI) is a digital one-stop financial services platform spanning lending, banking, brokerage, and stablecoins. At $18.47, SoFi offers high-growth fintech without a triple-digit price tag.
Q1 2026 revenue hit $1.10 billion, a 4.87% beat, while GAAP net income climbed 134.45% to $166.73 million. Loan originations set a record at $12.18 billion, up 68%, and deposits now fund over 90% of liabilities. Full-year 2026 guidance calls for roughly 30% revenue growth and $0.60 in adjusted EPS.
SoFi is compounding members at 35% annually with 43% of new products coming from existing members. CEO Anthony Noto framed it as “durable growth and strong returns, fueled by our relentless focus on innovation and brand building”. Reddit’s r/stocks recovery narrative pushed sentiment scores to 78 by May 10.
Technology Platform revenue fell 27% after a large client departure, and personal loan charge-offs ticked up to 3.03%. The lending and banking engines are doing the heavy lifting, and the digital franchise looks intact.
Ally Financial (NYSE: ALLY) Ally Financial (NYSE:ALLY) is the largest all-digital bank in the U.S. and a top-tier auto lender. At $42, it sits under the ceiling with a real dividend attached.
Q1 2026 adjusted EPS came in at $1.11 versus $0.94 consensus, a 17.93% beat and Ally’s fourth straight quarter beating estimates. NIM ex-OID expanded 17 bps year over year to 3.52%, with management guiding to 3.60%–3.70% for the full year. Auto originations hit $11.50 billion on a record 4.4 million applications, while retail auto net charge-offs improved to 1.97%.
The rate environment is widening spreads on the auto book while Ally Bank pulls in cheap retail deposits, now $146 billion across 3.5 million customers and a 68th consecutive quarter of customer growth. CEO Michael Rhodes called the Focused. Forward. strategy a clear win. The $0.30 quarterly dividend and $147 million in buybacks add a capital-return kicker.
Tariff policy could pressure vehicle demand and residuals, and a sudden rate-cut cycle would compress that NIM tailwind. The credit trajectory and digital deposit moat blunt both concerns for now.
Fulton Financial (NASDAQ: FULT) Fulton Financial (NASDAQ:FULT) is a Mid-Atlantic regional bank undergoing digital transformation called FultonFirst. At $21.84, it is the smallest name here, with a $4.06 billion market cap.
Q1 2026 operating EPS was $0.55 versus $0.49 expected, a 12.24% beat. NIM held at 3.58% as deposit costs fell 8 bps to 1.78%. On April 1, Fulton closed its Blue Foundry Bancorp acquisition, adding roughly $2.1 billion in assets and a New Jersey footprint. Analysts have a $23.00 price target on the name.
A regional bank using digitization to compete with the giants while higher rates protect spreads. FY2026 NII guidance of $1.12–$1.14 billion and FY2025 operating EPS growth of 17% show the model is working. A $0.19 quarterly dividend and roughly $126 million remaining on the buyback round out the return profile.
Provision for credit losses jumped to $14.4 million from $2.9 million, and C&I charge-offs doubled to $10.5 million. Integration of Blue Foundry adds execution risk. The deposit franchise and rate setup keep the thesis intact.
A low share price by itself is never a reason to buy a stock. Each of these names carries real operational and macro risks, and the financial services backdrop can shift quickly if the rate curve flattens or credit deteriorates faster than expected. Use this as a starting point, then dig into the filings, the guidance, and your own risk tolerance before committing capital.
Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.
Cash flow can come from bond interest, interest from other types of investments, and, of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that measures the dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.
Based in Lancaster, Fulton Financial (FULT - Free Report) is in the Finance sector, and so far this year, shares have seen a price change of 8.69%. The financial holding company is currently shelling out a dividend of $0.19 per share, with a dividend yield of 3.62%. This compares to the Banks - Northeast industry's yield of 2.3% and the S&P 500's yield of 1.43%.
Looking at dividend growth, the company's current annualized dividend of $0.76 is up 4.1% from last year. Over the last 5 years, Fulton Financial has increased its dividend 5 times on a year-over-year basis for an average annual increase of 7.25%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Fulton Financial's current payout ratio is 35%, meaning it paid out 35% of its trailing 12-month EPS as dividend.
Earnings growth looks solid for FULT for this fiscal year. The Zacks Consensus Estimate for 2026 is $2.17 per share, which represents a year-over-year growth rate of 0.46%.
Investors like dividends for many reasons; they greatly improve stock investing profits, decrease overall portfolio risk, and carry tax advantages, among others. However, not all companies offer a quarterly payout.
For instance, it's a rare occurrence when a tech start-up or big growth business offers its shareholders a dividend. It's more common to see larger companies with more established profits give out dividends. During periods of rising interest rates, income investors must be mindful that high-yielding stocks tend to struggle. That said, they can take comfort from the fact that FULT is not only an attractive dividend play, but is also a compelling investment opportunity with a Zacks Rank of #2 (Buy).
Shares of Dell Technologies and HP Inc. moved higher on Monday after a report suggested Nvidia Corp. could be exploring a major acquisition that may reshape the personal computer industry.
The report, published by technology website SemiAccurate, said Nvidia has been negotiating for more than a year to acquire “a large company,” sparking speculation across markets.
While no specific target was named, investors appeared to interpret the development as potentially involving leading PC manufacturers.
Dell shares rose as much as 7.6% earlier in the session before trading up around 5.8% at $188.20 at the time of writing. HP shares also climbed, gaining as much as 6.3% before settling at a 3.8% increase to $18.95. Meanwhile, Nvidia stock was slightly up.
The SemiAccurate report, though lacking a named source or confirmed details, triggered a swift reaction in PC-related stocks.
The website said Nvidia has been negotiating for more than a year to buy “a large company.”
Dell Technologies stock jumped on faint hopes that the PC maker could be in takeover talks with Nvidia. Shares of HP were also up.
Both Dell and HP rank among the largest PC vendors globally, making them logical candidates in any potential deal involving Nvidia’s expansion into hardware.
According to Gartner Inc., HP held about 19% of the global PC market in the first quarter, second only to Lenovo Group Ltd., which commanded nearly 27%. Dell followed with approximately 17% market share.
Given their scale and established enterprise presence, both companies could play a strategic role if Nvidia were to pursue vertical integration or expand deeper into PC and server hardware.
Nvidia, currently the world’s most valuable company, dominates the market for chips used in artificial intelligence workloads.
Chief Executive Officer Jensen Huang has been a vocal advocate for broader AI adoption across industries, encouraging businesses to explore new applications of the technology.
The company has also been investing heavily to support this expansion, allocating $70 billion to partners and customers in the fiscal year ended January.
Beyond takeover speculation, Dell’s gains were also supported by positive analyst sentiment and its growing exposure to AI infrastructure.
The company manufactures AI servers powered by Nvidia chips and has projected approximately $50 billion in revenue from this segment in its current fiscal year, which runs through January 2027.
Adding to the momentum, Bank of America raised its price target on Dell to $205, citing its strong positioning in enterprise AI and expectations for a rebound in commercial PC demand.
Confidence has also been bolstered by Dell’s strategic AI partnership with the Sharjah Digital Department, aimed at upgrading government digital infrastructure.
TULSA, Okla.--(BUSINESS WIRE)--Helmerich & Payne, Inc. (NYSE: HP) will host a conference call on Thursday, May 7, 2026, at 11 a.m. ET to discuss its fiscal second quarter 2026 results. President and CEO Trey Adams and Senior Vice President and CFO Kevin Vann will lead the call. The earnings release and accompanying presentation will be available at hpinc.com. Investors can join the call via phone or audio webcast. What: Helmerich & Payne, Inc.'s Fiscal Second Quarter 2026 Earnings Rel.
The market expects Helmerich & Payne (HP - Free Report) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on May 6, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis oil and gas well-drilling contractor is expected to post quarterly loss of $0.09 per share in its upcoming report, which represents a year-over-year change of -550%.
Revenues are expected to be $946.15 million, down 6.9% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 1.01% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Helmerich & Payne?For Helmerich & Payne, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +13.33%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination indicates that Helmerich & Payne will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Helmerich & Payne would post earnings of $0.12 per share when it actually produced a loss of -$0.15, delivering a surprise of -225.00%.
Over the last four quarters, the company has beaten consensus EPS estimates just once.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Helmerich & Payne appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Expected Results of an Industry PlayerValaris Limited (VAL - Free Report) , another stock in the Zacks Oil and Gas - Drilling industry, is expected to report loss per share of $0.05 for the quarter ended March 2026. This estimate points to a year-over-year change of +90.6%. Revenues for the quarter are expected to be $437.85 million, down 29.5% from the year-ago quarter.
The consensus EPS estimate for Valaris has been revised 10.9% lower over the last 30 days to the current level. However, an equal Most Accurate Estimate has resulted in an Earnings ESP of 0.00%.
This Earnings ESP, combined with its Zacks Rank #2 (Buy), makes it difficult to conclusively predict that Valaris will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
TULSA, Okla.--(BUSINESS WIRE)--Helmerich & Payne, Inc. (NYSE:HP): Operating and Financial Highlights for the Quarter Ended March 31, 2026 H&P announced consolidated revenue of $932 million, reflecting solid performance despite a dynamic macro environment. Consolidated net loss of $(59) million, or $(0.59) per share, which includes the impact of a non-cash impairment charge of $26 million. Adjusted for this and other non-recurring one-time items, adjusted earnings(1) were $(38) million,.
Helmerich & Payne (HP - Free Report) came out with a quarterly loss of $0.38 per share versus the Zacks Consensus Estimate of a loss of $0.06. This compares to earnings of $0.02 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -570.19%. A quarter ago, it was expected that this oil and gas well-drilling contractor would post earnings of $0.12 per share when it actually produced a loss of $0.15, delivering a surprise of -225%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
Helmerich & Payne, which belongs to the Zacks Oil and Gas - Drilling industry, posted revenues of $932.36 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 1.46%. This compares to year-ago revenues of $1.02 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Helmerich & Payne shares have added about 44.8% since the beginning of the year versus the S&P 500's gain of 6%.
What's Next for Helmerich & Payne?While Helmerich & Payne 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 Helmerich & Payne 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 $0.12 on $974 million in revenues for the coming quarter and $0.11 on $3.92 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 19% 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.
One other stock from the same industry, Seadrill (SDRL - Free Report) , is yet to report results for the quarter ended March 2026. The results are expected to be released on May 11.
This offshore drilling services provider is expected to post quarterly loss of $0.10 per share in its upcoming report, which represents a year-over-year change of +56.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Seadrill's revenues are expected to be $332 million, down 0.9% from the year-ago quarter.
Helmerich & Payne (HP - Free Report) reported $932.36 million in revenue for the quarter ended March 2026, representing a year-over-year decline of 8.2%. EPS of -$0.38 for the same period compares to $0.02 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $946.15 million, representing a surprise of -1.46%. The company delivered an EPS surprise of -570.19%, with the consensus EPS estimate being -$0.06.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Helmerich & Payne performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Average active rigs - North America Solutions: 136 versus 135 estimated by four analysts on average.Average active rigs - Offshore Solutions: 3 versus 3 estimated by four analysts on average.Number of available rigs at the end of period - Offshore Solutions: 4 versus 4 estimated by four analysts on average.Number of available rigs at the end of period - International Solutions: 130 compared to the 130 average estimate based on four analysts.Number of available rigs at the end of period - North America Solutions: 203 compared to the 205 average estimate based on four analysts.Average active rigs - International Solutions: 61 compared to the 59 average estimate based on four analysts.Operating Revenues- North America Solutions: $517.25 million versus the four-analyst average estimate of $517.24 million. The reported number represents a year-over-year change of -13.8%.Operating Revenues- Offshore Solutions: $171.38 million versus the four-analyst average estimate of $159.12 million.Operating Revenues- International Solutions: $218.32 million versus $229.77 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -11.9% change.Operating Revenues- Drilling services: $906.43 million versus the two-analyst average estimate of $908.63 million. The reported number represents a year-over-year change of -10.5%.Operating Revenues- Other: $25.94 million compared to the $28.94 million average estimate based on two analysts. The reported number represents a change of +611.6% year over year.Segment operating income (loss)- North America Solutions: $111.33 million compared to the $112.34 million average estimate based on four analysts.View all Key Company Metrics for Helmerich & Payne here>>>
Shares of Helmerich & Payne have returned +15.8% over the past month versus the Zacks S&P 500 composite's +10.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Helmerich and Payne Inc (NYSE:HP) reported worse-than-expected second-quarter financial results, after the closing bell on Wednesday.
Helmerich & Payne reported quarterly losses of 38 cents per share which missed the analyst consensus estimate of losses of 2 cents per share. The company reported quarterly sales of $932.000 million which missed the analyst consensus estimate of $949.644 million.
Helmerich & Payne shares rose 1.2% to trade at $37.34 on Friday.
These analysts made changes to their price targets on Helmerich & Payne following earnings announcement.
Susquehanna analyst Charles Minervino maintained Helmerich & Payne with a Positive and raised the price target from $42 to $43. Barclays analyst Eddie Kim maintained the stock with an Overweight rating and raised the price target from $39 to $47. Considering buying HP stock? Here’s what analysts think:
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Helmerich & Payne (HP - Free Report) reported $932.36 million in revenue for the quarter ended March 2026, representing a year-over-year decline of 8.2%. EPS of -$0.38 for the same period compares to $0.02 a year ago.
The reported revenue represents a surprise of -1.46% over the Zacks Consensus Estimate of $946.15 million. With the consensus EPS estimate being -$0.06, the EPS surprise was -570.19%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Helmerich & Payne performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Average active rigs - North America Solutions: 136 versus the four-analyst average estimate of 135.Average active rigs - Offshore Solutions: 3 versus the four-analyst average estimate of 3.Number of available rigs at the end of period - Offshore Solutions: 4 versus 4 estimated by four analysts on average.Number of available rigs at the end of period - International Solutions: 130 versus the four-analyst average estimate of 130.Number of available rigs at the end of period - North America Solutions: 203 versus 205 estimated by four analysts on average.Operating Revenues- International Solutions: $218.32 million versus the four-analyst average estimate of $229.77 million. The reported number represents a year-over-year change of -11.9%.Operating Revenues- Offshore Solutions: $171.38 million versus the four-analyst average estimate of $159.12 million.Operating Revenues- North America Solutions: $517.25 million versus the four-analyst average estimate of $517.24 million. The reported number represents a year-over-year change of -13.8%.Operating Revenues- Total sales- Intersegment- Eliminations: $-23.19 million versus $-16.39 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -11.4% change.Operating Revenues- Total sales- Other: $48.61 million compared to the $46.91 million average estimate based on two analysts. The reported number represents a change of +6.8% year over year.Operating Revenues- Other: $25.94 million versus $28.94 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +611.6% change.Operating Revenues- Drilling services: $906.43 million versus $908.63 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -10.5% change.View all Key Company Metrics for Helmerich & Payne here>>>
Shares of Helmerich & Payne have returned +8.9% over the past month versus the Zacks S&P 500 composite's +9.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Key Takeaways HP posted a Q2 adjusted loss of 38 cents per share as revenues fell 8.2% year over year.HP's International Solutions unit logged a near $100M operating loss tied to Middle East costs.HP secured a five-year bp offshore Azerbaijan renewal with potential revenues above $1B. Helmerich & Payne, Inc. (HP - Free Report) reported a second-quarter fiscal 2026 adjusted net loss of 38 cents per share, wider than the Zacks Consensus Estimate of an adjusted net loss of 6 cents. Moreover, the bottom line decreased considerably from the year-ago quarter’s reported profit of 2 cents. This was due to a weaker rig activity in North America and international markets, and significantly higher operating costs related to its Middle East operations.
The International Solutions segment posted an operating loss of nearly $100 million as the company incurred additional expenses to reactivate rigs in Saudi Arabia and work around supply-chain disruptions caused by the Middle East conflict. Moreover, the quarter included a $26 million non-cash impairment charge, which further pressured profitability.
Revenues totaled $932 million, missing the consensus mark of $946 million by 1.46%. The top line also declined 8.2% year over year from the prior-year quarter’s level of $1 billion, primarily due to lower revenue contributions from drilling services.
The company returned approximately $25 million to shareholders through its ongoing dividend program during the quarter. Management also noted continued progress in expanding the deployment of FlexRobotics technology to support customer demand.
Q2 Segmental PerformanceNorth America Solutions: Operating revenues of $517.2 million decreased 13.7% year over year. Moreover, the top line missed our projection of $519.1 million.
The segment averaged 136 active rigs in the quarter and delivered a direct margin of $215.2 million, or $17,628 on a per-day basis, maintaining industry-leading performance.
Segment operating income was $111.3 million, improving sequentially from the prior quarter that included a one-time impairment, but down from $151.9 million in the year-ago period. However, the reported figure beat our estimate of $93.9 million.
HP highlighted strengthening customer sentiment and meaningful commercial momentum across the U.S. land market, supported by new contracts and extensions across multiple basins.
International Solutions: Operating revenues were $218.3 million, down 11.9% from $247.9 million a year ago. Moreover, the top line missed our projection of $231 million.
The segment recorded an operating loss of approximately $100 million and generated about $11.5 million of direct margin, down from the prior quarter’s level. The operating loss was wider than our projected loss of $85.1 million.
HP attributed the weaker profitability primarily to the impacts of the conflict in the Middle East. During the quarter, the company utilized in-house engineering and aftermarket capabilities to reactivate rigs in Saudi Arabia using in-country equipment and working around supply-chain constraints. While this enhanced returns and avoided customer delays, it also resulted in more costs being classified as operating expenses, pressuring direct margins.
Offshore Solutions: Revenues rose 15% year over year to $171.4 million. However, the top line beat our projection of $152.9 million.
The segment reported operating income of about $14 million and delivered a direct margin of roughly $27 million, down from the prior quarter’s level by 19.3%. Moreover, the figure beat our estimate of $11.4 million.
HP emphasized the strategic value of the offshore portfolio given its long-term contract structure and relative earnings stability. During the quarter, the company secured a five-year renewal with bp in the Caspian Sea, offshore Azerbaijan, with three one-year extension options. If all option periods are exercised, contract revenues could exceed $1 billion.
Financial PositionAs of March 31, 2026, HP had $177.2 million in cash and cash equivalents. Long-term debt totaled $1.9 billion (debt-to-capitalization of 41.4%).
Following the quarter, HP completed the sale of Utica Square in early April, with after-tax proceeds exceeding its previously communicated $100 million divestiture target. The transaction enabled the retirement of the term loan facility ahead of schedule, reducing post-acquisition debt by $400 million and accelerating deleveraging plans.
Q3 & 2026 GuidanceThe company expects steady operational performance in the third quarter of fiscal 2026. Within North America Solutions, direct margins are projected at $230-$240 million, supported by average rig activity of 137-143. International Solutions is expected to operate 58-68 rigs, generating direct margins of $12-$32 million. In Offshore Solutions, management forecasts 30-35 rigs, contributing $24-$28 million in direct margin. Other operations are expected to deliver up to $3 million in direct margin during the quarter.
For fiscal 2026, this Zacks Rank #3 (Hold) company anticipates average rig activity of 138-144 in North America and 58-68 internationally, while offshore operations are expected to contribute $100-$115 million in direct margin with 30-35 rigs under management. Broader financial guidance includes gross capital expenditures of $270-$310 million, depreciation of approximately $700 million, research and development expenses of about $28 million and selling, general and administrative costs of $265-$285 million. Additionally, cash taxes are projected at $125-$150 million, while interest expense is forecasted at roughly $100 million.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Important Earnings at a GlanceWhile we have discussed HP’s second-quarter results in detail, let us take a look at three other key reports in this space.
Houston, TX-based oil and gas equipment and services provider, Halliburton Company (HAL - Free Report) , posted first-quarter 2026 adjusted net income per share of 55 cents, beating the Zacks Consensus Estimate of 49 cents. The outperformance primarily reflects successful cost reduction initiatives. However, the bottom line fell from the year-ago adjusted profit of 60 cents.
Halliburton reported first-quarter capital expenditure of $192 million. As of March 31, 2026, this oil and gas equipment and services company had approximately $2 billion in cash/cash equivalents and $7.1 billion in long-term debt, representing a debt-to-capitalization ratio of 39.6.
Houston, TX-based oil and gas storage and transportation company,Kinder Morgan Inc. (KMI - Free Report) , posted first-quarter 2026 adjusted earnings per share of 48 cents, which beat the Zacks Consensus Estimate of 38 cents. The bottom line increased year over year from 34 cents. The strong quarterly results can be primarily attributed to contributions from the Natural Gas Pipelines business segment.
As of March 31, 2026, KMI reported $72 million in cash and cash equivalents. At the quarter's end, its long-term debt amounted to $29.72 billion. KMI’s project backlog was reported at $10.1 billion by the end of the first quarter. The midstream energy major added that natural gas projects comprise approximately 92% of its project backlog, with nearly 60% dedicated to supporting local distribution companies and power generation.
Fort Worth, TX-based oil and gas exploration and production company, Range Resources Corporation (RRC - Free Report) , posted first-quarter 2026 adjusted earnings of $1.52 per share, which beat the Zacks Consensus Estimate of $1.33. The bottom line also improved from the prior-year level of 96 cents. Strong quarterly results can be attributed to higher gas-equivalent production and increased natural gas price realization.
Drilling and completion expenditure totaled $130 million. An additional $5 million was spent on acreage and $4 million on infrastructure and other investments. At the end of the first quarter, Range Resources reported a total debt of $819.3 million, net of deferred financing costs.
Key Takeaways HP and BKR teamed up to speed geothermal drilling and clean energy growth in the U.S.HP will deploy a dedicated geothermal drilling rig later this year for U.S. projects.Baker Hughes and HP aim to cut risks and improve geothermal project execution timelines. Helmerich & Payne, Inc. (HP - Free Report) and Baker Hughes Company (BKR - Free Report) have announced a strategic collaboration aimed at accelerating geothermal exploration and development across the United States. The partnership marks another significant step toward expanding clean and reliable energy infrastructure as demand for low-carbon power solutions continues to grow.
The collaboration combines Baker Hughes’ expertise in subsurface evaluation, well construction and energy technologies with Helmerich & Payne’s advanced drilling capabilities. Together, the companies aim to reduce operational risks, improve project efficiency and provide developers with faster access to geothermal drilling capacity.
Dedicated Geothermal Rig to Support Emerging ProjectsAs part of the agreement, Helmerich & Payne will provide a geothermal-capable land drilling rig dedicated specifically to geothermal activity. The rig is expected to be deployed later this year to support exploration activities in key geothermal regions across the United States.
Dedicated drilling capacity is considered critical for advancing geothermal projects from the evaluation stage to full-scale development. By ensuring earlier access to specialized rigs, the collaboration seeks to minimize project delays and improve execution timelines for geothermal developers.
Industry experts believe this approach could help strengthen investor confidence in geothermal energy by offering a more scalable and reliable pathway for project development.
Rising Demand for Reliable Clean EnergyGeothermal energy is increasingly being recognized as an important component of the evolving energy mix because it provides stable baseload electricity generation with lower carbon emissions. Unlike intermittent renewable sources such as wind and solar, geothermal systems can deliver continuous power generation around the clock.
The vice president of Oilfield Services & Equipment at Baker Hughes emphasized the growing importance of geothermal energy in meeting rising electricity demand. He noted that the partnership reflects a deliberate effort to move geothermal development in the United States from concept to reality while helping customers deliver sustainable power with greater confidence.
The collaboration also highlights how traditional oilfield expertise and drilling technologies are being adapted to support next-generation energy solutions.
Building a Scalable Geothermal Development ModelBeyond near-term drilling activity, the agreement is designed to create a scalable framework for future geothermal projects. Baker Hughes brings extensive experience in subsurface evaluation and energy systems, while HP contributes operational expertise and advanced drilling technologies developed over decades in the oil and gas sector.
The HP president and CEO said that the partnership reinforces the company’s commitment to supporting emerging energy opportunities. The collaboration demonstrates how energy service companies are diversifying their capabilities to participate in the transition toward cleaner and more sustainable energy systems.
As governments and industries continue searching for reliable low-carbon energy sources, collaborations like this could play a key role in accelerating geothermal adoption across the United States.
HP and BKR’s Zacks Rank & Key PicksHP currently carries a Zacks Rank #3 (Hold), while BKR has a Zacks Rank #5 (Strong Sell).
Investors interested in the energy sector may consider some top-ranked stocks like APA Corporation (APA - Free Report) and California Resources Corporation (CRC - Free Report) , each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Houston, TX-based APA is one of the world's leading independent energy companies engaged in the exploration, development and production of natural gas, crude oil and natural gas liquids. The Zacks Consensus Estimate for APA’s 2026 earnings indicates 28.7% year-over-year growth.
California Resources is an independent energy and carbon management company focused primarily on California. The company operates two reportable segments: oil and natural gas, and carbon management, which it brands as Carbon TerraVault. The Zacks Consensus Estimate for CRC’s 2026 earnings indicates 35.3% year-over-year growth.
On May 21, 2026, Helmerich & Payne Inc HP shares fell 3.1% today, closing at $39.61. Over the past 52 weeks, the stock has traded as high as $41.82 and as low as $14.65, reflecting significant volatility. The recent price drop contrasts with a year-to-date increase of 40.1% and an impressive 170.2% gain over the past year.
GF Value™ verdict: Current price of $39.61 is 17.3% below GF Value™ of $47.90.GF Score™: 72/100, indicating above-average performance potential.Most notable signal: Insiders sold $3.3M in stock over the last three months, with no buying activity reported. Is HP Overvalued or Undervalued? Currently, Helmerich & Payne Inc is trading at $39.61, which is 17.3% below its GF Value™ of $47.90. This suggests that the stock may be undervalued, providing a potential margin of safety for investors. The GF Valuation label categorizes HP as "Modestly Undervalued," indicating a favorable investment opportunity, albeit with caveats. GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.
While the undervaluation suggests an opportunity, it is essential to consider the broader market conditions and potential risks associated with the oil and gas industry. Factors such as fluctuating oil prices, regulatory changes, and geopolitical risks can significantly impact HP's performance. Investors should weigh these considerations against the current price to make informed decisions.
How Does HP's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 155.9x 10.3x Helmerich & Payne's current P/E ratio of 155.9x is significantly above its 5-year median P/E of 10.3x. This stark contrast indicates that the stock is trading well above its historical valuation levels. This analysis aligns with the GF Value™ verdict, suggesting that while the stock may be undervalued based on intrinsic value, it is trading at a high multiple compared to its historical earnings, warranting caution.
What Does HP's GF Score™ Tell Us? Metric Rating GF Score™ 72 Financial Strength 4/10 Profitability 5/10 Growth 7/10 Valuation 10/10 Momentum 3/10 The GF Score™ of 72/100 indicates that Helmerich & Payne has above-average potential for long-term returns. The strongest area is the Valuation rank at 10/10, highlighting that the stock may be attractively priced relative to its intrinsic value. Conversely, the weakest area is Momentum at 3/10, suggesting that recent price performance has not been strong. Financial Strength and Profitability scores of 4/10 and 5/10, respectively, indicate that while there is room for improvement, the company's fundamentals are not exceptionally robust at this time.
What Are Insiders Doing with HP Stock? In recent months, insider activity has shown a trend of selling, with insiders offloading $3.3 million worth of shares without any reported buying. This pattern can be interpreted as a lack of confidence from insiders regarding the company's short-term prospects. While insider selling does not necessarily indicate negative performance, it is a noteworthy signal that potential investors may want to consider when evaluating the stock.
What This Means for Investors Based on the GF Value™ assessment, Helmerich & Payne Inc appears to be undervalued at its current price of $39.61. However, potential investors should exercise caution due to the high P/E ratio compared to historical levels and the recent insider selling activity.
For the complete analysis, visit the Helmerich & Payne Inc HP 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 HP's GF Score™?
HP has a GF Score™ of 72/100, indicating above-average performance potential based on key financial metrics.
Is HP overvalued or undervalued?
HP is considered undervalued according to GF Value™, trading at 17.3% below its intrinsic value.
What is HP's P/E ratio?
HP's current P/E ratio is 155.9x, significantly higher than its historical 5-year median of 10.3x, suggesting it is trading at a premium relative to its past earnings.
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].
Key Takeaways HP is set to report Q2 FY26 results on May 27, with EPS expected to be in the range of 70-76 cents per share.HP is benefiting from AI PC adoption and Windows 11 refresh activity across its portfolio.Rising memory prices are likely to weigh on HPQ's profitability in the fiscal second quarter. HP Inc. (HPQ - Free Report) is set to release second-quarter fiscal 2026 results on May 27, after market close.
The Zacks Consensus Estimate for revenues is pegged at $14.05 billion, suggesting an improvement of 6.3% from the prior-year quarter.
HP expects non-GAAP earnings per share between 70 cents and 76 cents for the fiscal second quarter. The Zacks Consensus Estimate for earnings has remained unchanged at 71 cents over the past 60 days.
In the trailing four quarters, HPQ’s earnings missed the Zacks Consensus Estimate in one of the trailing four quarters, matched once and surpassed twice, with an average negative surprise of 1%.
Let’s see how things are shaping up for this announcement.
Factors Likely to Influence HPQ’s Q2 ResultsHP’s overall fiscal second-quarter performance is likely to have been driven by continued momentum across the Personal Systems, slightly offset by softness in the Printing division. Strength in the AI PC category, on the back of Windows 11 refresh cycles and increased adoption of AI PC, is likely to have boosted the top-line growth.
HP’s wide portfolio of AI-based computing devices like the HP OmniBook Ultra Flip 14-inch Next-Gen AI PC, HP EliteBook X 14-inch Next-Gen AI PC, Z by HP Gen AI Lab, HP OmniBook X AI PC, HP EliteBook Ultra AI PC, HP OmniBook Ultra laptop, HP OmniStudio PC and HP ZGX AI Station is likely to have gained traction among consumers, driving its top-line growth.
Growing adoption of gaming experiences by customers is expected to have aided the fiscal second-quarter performance. The company’s wide portfolio of gaming gears, which includes OMEN MAX 16 Gaming Laptop, OMEN 32x Smart Gaming Monitor, HyperX Pulsefire Saga Pro Wireless Gaming Mouse, HyperX Pulsefire Saga Gaming Mouse and OMEN AI, is likely to have boosted HPQ’s gaming sales, contributing to the top line in the to-be-reported quarter.
However, macroeconomic challenges like still-high interest rates and protracted inflationary conditions are expected to have negatively impacted the demand for HP’s consumer PCs. Furthermore, enterprises are postponing their large IT spending plans due to the weakening global economy amid ongoing macroeconomic and geopolitical issues. This might have hurt HP’s commercial PC sales in the to-be-reported quarter.
Rising memory prices are likely to have weighed on HP’s profitability in the fiscal second quarter. Memory and storage solution providers are redirecting their resources toward high-margin memory used in AI servers and data centers. This shift has tightened supply for standard DRAM and NAND for laptops and desktops, which has pushed memory prices sharply higher. Since memory accounts for a meaningful portion of a PC’s total build cost, rising prices are eroding PC vendors’ margins.
Earnings Whispers for HPQOur proven model does not conclusively predict an earnings beat for HP this season. The combination of a positive Earnings ESP and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is not the case here.
HPQ carries a Zacks Rank #3 and has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Stocks to ConsiderHere are some companies worth considering, as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases:
Dell Technologies (DELL - Free Report) has an Earnings ESP of +3.51% and carries a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Dell Technologies is set to report first-quarter fiscal 2027 results on May 28. The Zacks Consensus Estimate for Dell Technologies’ first-quarter fiscal 2027 earnings is pegged at $3.00 per share, up by 3 cents over the past seven days, indicating a rise of 93.6% from the year-ago quarter’s reported figure.
Salesforce, Inc. (CRM - Free Report) has an Earnings ESP of +1.40% and carries a Zacks Rank #2 at present.
Salesforce is scheduled to report first-quarter fiscal 2027 results on May 27. The Zacks Consensus Estimate for Salesforce’s first-quarter fiscal 2027 earnings is pegged at $3.12 per share, unchanged over the past 30 days, indicating a rise of 20.9% from the year-ago quarter’s reported figure.
Autodesk (ADSK - Free Report) has an Earnings ESP of +0.35% and carries a Zacks Rank of 3 at present.
Autodesk is slated to report first-quarter fiscal 2027 results on May 28. The Zacks Consensus Estimate for ADSK’s first-quarter fiscal 2027 earnings is pegged at $2.84 per share, unchanged over the past 30 days, indicating a rise of 24% from the year-ago quarter’s reported figure.
The Zacks Oil and Gas - Drilling industry appears to be entering a more constructive phase. While producers are still cautious with capital spending, the broader demand picture is improving. Tight oil supply, geopolitical uncertainty and rising energy-security needs could support future drilling plans. Natural gas adds another layer of opportunity, as LNG exports, new power demand and AI-related electricity use point to steady long-term growth. The industry is also benefiting from a shift toward better equipment. Longer laterals, deeper wells and complex drilling programs require advanced rigs, automation and digital tools. That gives well-equipped contractors a stronger pricing opportunity when customer activity picks up. The group’s solid Zacks Industry Rank and sharp outperformance over the past year add to the positive case. The recovery may be gradual, but the outlook is clearly brighter. In this improving setup, Patterson-UTI Energy (PTEN - Free Report) , Helmerich & Payne (HP - Free Report) and Nabors Industries (NBR - Free Report) stand out as attractive drilling names to watch.
Industry Overview The Zacks Oil and Gas - Drilling industry consists of companies that provide rigs (or specialized vehicles) on a contractual basis to explore and develop oil and gas. These operators offer drilling rigs (both land-based/onshore and offshore), equipment, services and workforce to exploration and production companies worldwide. Drilling for hydrocarbons is costly and technically difficult, and its future primarily depends on contracting activity and the total number of available rigs at a given time rather than the price of oil or gas. Within the industry, it's interesting to note that the volatility associated with offshore drilling companies is much higher than that of their onshore counterparts, and their share prices are more correlated to the price of oil. Overall, oil and gas drilling stocks are among the most volatile in the entire equity market.
4 Trends Defining the Oil and Gas - Drilling Industry's Future Oil Supply Tightness Can Lift Drilling Demand:Oil and gas drilling activity could improve if global supply stays tight. Recent Middle East disruptions have made energy security a bigger concern and could keep oil markets supported. When producers worry about future supply, they often need more wells to maintain or grow output. U.S. shale may benefit because it can respond faster than many global projects. That said, activity may not jump overnight. Customers usually wait for clearer price signals before changing budgets, but the setup is becoming more supportive for drilling demand.
Natural Gas Has a Stronger Long-Term Growth Story:Natural gas is becoming a key demand driver for drillers. LNG exports, new export facilities and rising electricity needs from data centers and AI are all adding to the long-term call on gas. Investors should know that gas wells still need rigs, crews and related drilling services. International gas development, especially in regions like the Middle East and Latin America, also supports activity. In simple terms, if the world needs more gas for power and exports, the drilling industry gets another growth path beyond oil.
Better Rigs and Automation Can Support Higher Pricing:The industry is no longer just about adding more rigs. Operators are drilling deeper wells and longer laterals, which require stronger, more advanced equipment. That favors high-spec rigs, automation and digital tools that can improve safety, speed and well performance. Since the supply of top-tier rigs is limited, drilling contractors may have more room to push pricing higher when demand improves. This is important for investors because better pricing, tied to better technology, can help margins recover even without a huge jump in overall rig counts.
Customer Caution Can Delay the Recovery:The biggest near-term risk is that producers remain careful with spending. Even with higher oil prices, many operators are not rushing to add rigs because price volatility makes planning harder. Public exploration and production companies are especially focused on capital discipline, returns and sticking to budgets. At the same time, the Middle East conflict has added logistics, crew rotation and supply-chain costs for the industry. So, while the backdrop is improving, the recovery may be gradual rather than sharp. For drillers, that means timing remains uncertain.
Zacks Industry Rank Indicates Positive Outlook The Zacks Oil and Gas - Drilling industry is a nine-stock group within the broader Zacks Oil - Energy sector. It currently carries a Zacks Industry Rank #70, which places it in the top 29% of 245 Zacks industries.
The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates fairly strong near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1.
Considering the encouraging dynamics of the industry, we will present a few stocks that you may want to consider for your portfolio. But it’s worth taking a look at the industry’s shareholder returns and current valuation first.
Industry Outperforms Sector & S&P 500 The Zacks Oil and Gas - Drilling industry has fared better than the broader Zacks Oil – Energy sector as well as the Zacks S&P 500 composite over the past year.
The industry has gone up 117.8% over this period compared with the broader sector’s increase of 42% and the S&P 500’s gain of 30.3%.
One-Year Price Performance
Industry's Current Valuation Since oil and gas drilling companies are debt-laden, it makes sense to value them based on the EV/EBITDA (Enterprise Value/ Earnings before Interest, Tax, Depreciation and Amortization) ratio. This is because the valuation metric takes into account not only equity but also the level of debt. For capital-intensive companies, EV/EBITDA is a better valuation metric because it is not influenced by changing capital structures and ignores the effect of non-cash expenses.
On the basis of the trailing 12-month enterprise value-to-EBITDA (EV/EBITDA), the industry is currently trading at 14.35X, lower than the S&P 500’s 18.65X. It is, however, above the sector’s trailing 12-month EV/EBITDA of 7.03X.
Over the past five years, the industry has traded as high as 24.81X, as low as 4.16X, with a median of 13.75X, as the chart below shows.
Trailing 12-Month Enterprise Value-to-EBITDA (EV/EBITDA) Ratio (Past Five Years)
3 Oil and Gas - Drilling Stocks to Watch Patterson-UTI Energy: Patterson-UTI is an integrated oilfield services company focused on drilling, completion and drilling products markets. Its platform combines contract drilling, hydraulic fracturing, wireline, cementing, natural gas fueling, directional services and drill bits, supported by digital tools that help improve wellsite efficiency. The Zacks Rank #2 (Buy) company operates 137 Tier-1 super-spec rigs and 2.7 million hydraulic horsepower of completion capacity.
You can see the complete list of today’s Zacks #1 Rank stocks here.
With cash flow spread across drilling services, completion services and drilling products, Patterson-UTI positions itself as a balanced leader in U.S. shale. It is investing in upgraded rigs, natural gas-powered fleets and data-driven operations while maintaining a strong balance sheet and an investment-grade credit profile. The company also emphasizes shareholder returns and long-term sustainability.
Patterson-UTI has a market capitalization of $4.7 billion. Over the past 60 days, the Zacks Consensus Estimate for the firm’s 2026 earnings has moved up 40.6%. PTEN stock has surged 116% in a year.
Price and Consensus: PTEN
Nabors Industries: It is a global provider of advanced drilling technology and services, operating in more than 20 countries. Nabors combines drilling operations, rig equipment and digital solutions to improve performance, safety and efficiency. Its vertically integrated model allows it to design automated rig technologies and deliver specialized services directly through its fleet. Nabors is a leading provider of high-specification rigs in the United States and deploys fit-for-purpose rigs across key international markets.
The Zacks #2 Ranked company is also focused on innovation, sustainability and reducing debt. Nabors’ recent moves include acquiring Parker Wellbore, divesting Quail Tools and refinancing debt to extend maturities. These steps strengthen its balance sheet while supporting long-term growth and energy transition goals.
Nabors has a market capitalization of $1.6 billion. The Zacks Consensus Estimate for 2026 earnings for the firm indicates 71.2% growth. NBR stock has gained 304% in a year.
Price and Consensus: NBR
Helmerich & Payne: Helmerich & Payne is a global drilling solutions company focused on onshore, offshore and international markets. It operates more than 200 land rigs, with a broad geographic reach and portfolio flexibility to serve rising drilling activity. The Zacks Rank #3 (Hold) company is also a technology leader, running advanced onshore rigs and expanding customer-led FlexRobotics deployments.
In fiscal second-quarter 2026, HP delivered resilient results in a changing energy market, supported by North America performance, offshore execution and steady international operations. It is also sharpening its portfolio, reducing debt and keeping capital spending disciplined. With $1.1 billion in liquidity and a long dividend record, Helmerich & Payne remains focused on long-term shareholder value.
The firm has a market capitalization of $4 billion. The Zacks Consensus Estimate for fiscal 2026 revenues for Helmerich & Payne indicates 5.1% growth. HP stock has surged 164.8% in a year.
On May 27, 2026, Helmerich and Payne Inc (HP) shares fell 4.4% to a current price of $38.49. This decline comes amid a 52-week range of $15.03 to $41.82, reflecti
A month has gone by since the last earnings report for Helmerich & Payne (HP - Free Report) . Shares have added about 7.3% in that time frame, outperforming the S&P 500.
But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Helmerich & Payne due for a pullback? Well, first let's take a quick look at the most recent earnings report in order to get a better handle on the recent drivers for Helmerich & Payne, Inc. before we dive into how investors and analysts have reacted as of late.
Helmerich & Payne Q2 Earnings & Revenues Miss EstimatesHelmerich & Payne reported a second-quarter fiscal 2026 adjusted net loss of 38 cents per share, wider than the Zacks Consensus Estimate of an adjusted net loss of 6 cents. Moreover, the bottom line decreased considerably from the year-ago quarter’s reported profit of 2 cents. This was due to a weaker rig activity in North America and international markets, and significantly higher operating costs related to its Middle East operations.
The International Solutions segment posted an operating loss of nearly $100 million as the company incurred additional expenses to reactivate rigs in Saudi Arabia and work around supply-chain disruptions caused by the Middle East conflict. Moreover, the quarter included a $26 million non-cash impairment charge, which further pressured profitability.
Revenues totaled $932 million, missing the consensus mark of $946 million by 1.46%. The top line also declined 8.2% year over year from the prior-year quarter’s level of $1 billion, primarily due to lower revenue contributions from drilling services.
The company returned approximately $25 million to shareholders through its ongoing dividend program during the quarter. Management also noted continued progress in expanding the deployment of FlexRobotics technology to support customer demand.
Q2 Segmental PerformanceNorth America Solutions: Operating revenues of $517.2 million decreased 13.7% year over year. Moreover, the top line missed our projection of $519.1 million.
The segment averaged 136 active rigs in the quarter and delivered a direct margin of $215.2 million, or $17,628 on a per-day basis, maintaining industry-leading performance.
Segment operating income was $111.3 million, improving sequentially from the prior quarter that included a one-time impairment, but down from $151.9 million in the year-ago period. However, the reported figure beat our estimate of $93.9 million.
HP highlighted strengthening customer sentiment and meaningful commercial momentum across the U.S. land market, supported by new contracts and extensions across multiple basins.
International Solutions: Operating revenues were $218.3 million, down 11.9% from $247.9 million a year ago. Moreover, the top line missed our projection of $231 million.
The segment recorded an operating loss of approximately $100 million and generated about $11.5 million of direct margin, down from the prior quarter’s level. The operating loss was wider than our projected loss of $85.1 million.
HP attributed the weaker profitability primarily to the impacts of the conflict in the Middle East. During the quarter, the company utilized in-house engineering and aftermarket capabilities to reactivate rigs in Saudi Arabia using in-country equipment and working around supply-chain constraints. While this enhanced returns and avoided customer delays, it also resulted in more costs being classified as operating expenses, pressuring direct margins.
Offshore Solutions: Revenues rose 15% year over year to $171.4 million. However, the top line beat our projection of $152.9 million.
The segment reported operating income of about $14 million and delivered a direct margin of roughly $27 million, down from the prior quarter’s level by 19.3%. Moreover, the figure beat our estimate of $11.4 million.
HP emphasized the strategic value of the offshore portfolio given its long-term contract structure and relative earnings stability. During the quarter, the company secured a five-year renewal with bp in the Caspian Sea, offshore Azerbaijan, with three one-year extension options. If all option periods are exercised, contract revenues could exceed $1 billion.
Financial PositionAs of March 31, 2026, HP had $177.2 million in cash and cash equivalents. Long-term debt totaled $1.9 billion (debt-to-capitalization of 41.4%).
Following the quarter, HP completed the sale of Utica Square in early April, with after-tax proceeds exceeding its previously communicated $100 million divestiture target. The transaction enabled the retirement of the term loan facility ahead of schedule, reducing post-acquisition debt by $400 million and accelerating deleveraging plans.
How Have Estimates Been Moving Since Then?It turns out, fresh estimates have trended upward during the past month.
The consensus estimate has shifted 45.12% due to these changes.
VGM ScoresAt this time, Helmerich & Payne has a subpar Growth Score of D, a score with the same score on the momentum front. However, the stock was allocated a score of B on the value side, putting it in the top 40% for value investors.
Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been trending upward for the stock, and the magnitude of these revisions looks promising. Interestingly, Helmerich & Payne has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry PlayerHelmerich & Payne belongs to the Zacks Oil and Gas - Drilling industry. Another stock from the same industry, Patterson-UTI (PTEN - Free Report) , has gained 7.5% over the past month. More than a month has passed since the company reported results for the quarter ended March 2026.
Patterson-UTI reported revenues of $1.12 billion in the last reported quarter, representing a year-over-year change of -12.7%. EPS of -$0.06 for the same period compares with $0.00 a year ago.
For the current quarter, Patterson-UTI is expected to post a loss of $0.05 per share, indicating a change of +16.7% from the year-ago quarter. The Zacks Consensus Estimate has changed +20% over the last 30 days.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #2 (Buy) for Patterson-UTI. Also, the stock has a VGM Score of B.
As the energy sector evolves, investors often choose between land-based and offshore drilling experts. Choosing between Helmerich & Payne (HP +0.56%) and Noble (NE +1.39%) requires understanding their niches and financial stability.
Helmerich & Payne focuses primarily on high-performance land rigs in the United States and select international markets. Noble operates as an offshore specialist, providing deepwater rigs for complex underwater projects globally. Both companies serve as vital links in the global energy supply chain, but they face different operational hurdles and market cycles.
The case for Helmerich & PayneWhile some investors are pivoting toward renewable energy stocks, Helmerich & Payne remains focused on providing drilling solutions for oil and natural gas exploration. The company operates a large fleet of high-specification land rigs, primarily serving customers in the U.S., Saudi Arabia, and Argentina. In fiscal year 2025, its largest drilling customer accounted for roughly 12% of consolidated operating revenues. Customer concentration like this adds a layer of risk to the business, as the loss of a major contract could significantly impact the bottom line.
In FY 2025, revenue reached $3.75 billion, representing a significant 35.9% increase from the prior year. Despite this growth, the company reported a lower net income of $93.97 million, a decline from $353.1 million net income seen in fiscal 2024.
As of June 2026, its debt-to-equity ratio is roughly 0.76x. This ratio measures total debt against shareholder equity to show how a company finances its operations. Operating cash flow for the year was nearly $548 million.
The case for Noble Corp.Noble is an offshore drilling contractor that provides services through a specialized fleet of 29 drilling units. The company focuses on ultra-deepwater and ultra-harsh environments, which are often less susceptible to the immediate fluctuations seen in land drilling. Revenue was concentrated among three major customers in FY 2025, including Exxon Mobil (XOM +1.11%) at 19.7%, BP Amoco (BP +0.41%) at 13.2%, and Petrobras (PBR +0.11%) at 12.5%. Customer concentration like this adds a layer of risk to the business, as it depends on the capital spending plans of a few large entities.
During FY 2025, revenue grew to nearly $3.3 billion, a 7.4% increase compared to the previous fiscal year. The company generated net income of approximately $107.48 million, yielding a net margin of nearly 6.6%. While revenue is trending upward, the profit margin decreased by roughy two-thirds, reflecting the broader weakness seen in the industry.
Looking at the June 2026 balance sheet, the debt-to-equity ratio is approximately 0.4x. This low level of debt relative to equity indicates a conservative capital structure and provides more financial flexibility. The current ratio is roughly 1.7x, while operating cash flow is a very strong $953.91 million for the past twelve months. This high level of cash generation supports the company's ability to maintain its sophisticated fleet and weather market downturns.
Risk profile comparisonHelmerich & Payne is highly sensitive to commodity price volatility, as declines in oil prices often lead to reduced U.S. land drilling activity. The company also faces intense competition from peers like Patterson-UTI Energy (PTEN +1.78%), which can lead to lower day rates for its rigs and reduced profitability. Furthermore, the risk of technology obsolescence is constant, as customers increasingly demand more automated and technologically advanced drilling equipment to improve their own efficiency.
Noble faces significant operational hazards, including potential equipment failure or environmental damage inherent in deepwater drilling. The offshore industry is also highly competitive, with Transocean (RIG +0.33%) and other players vying for the same high-specification contracts. Because offshore projects require massive upfront investment, a general reduction in drilling programs at major energy companies could lead to rigs remaining idle for extended periods, incurring high maintenance costs without generating revenue.
Valuation comparisonNoble appears to be the more expensive option based on its higher valuation multiples, while Helmerich & Payne trades at a lower price-to-sales ratio.
MetricHelmerich & PayneNobleSector BenchmarkForward P/E23.3x40.5x21.4xP/S ratio1.0x2.2xSector benchmark uses the SPDR XLE sector ETF.
Valuation metrics sourced from Financial Modeling Prep (FMP) and may differ from other data providers.
U.S. oil and gas industry service providers are benefiting from a strong market. While both Helmerich & Payne and Noble Corp. have some exposure to more volatile foreign markets, such as the Middle East, most of their revenue comes from stable, developed markets. Helmerich & Payne gets 67% of sales in the U.S., while London-based Noble counts the North Sea as its single biggest region.
The simple fact that Helmerich gets the bulk of its sales in the U.S. market makes it the better bet for 2026. While the global energy market is in turmoil due to the Iran war, the domestic U.S. energy market is business as usual, except at a higher price, sparked by the worldwide oil crunch. Since oil is priced in U.S. dollars, the price has risen far faster than U.S. producers’ costs. The higher price incentivizes Helmerich & Payne’s customers to drill for more oil, allowing HP to find more business and charge more money for its services.
Since the oil business is ultimately a commodity-based one, a good strategy is to seek better-value stocks when possible. Compared to Noble Corp with its forward price-to-sales ratio of 40.5, Helmerich & Payne’s 23.3 P/E ratio is a bargain.
March 16, 2026 16:01 ET | Source: IPG Photonics Corporation
MARLBOROUGH, Mass., March 16, 2026 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ: IPGP), the global leader in fiber laser technology, announced today that the Local Division of the Unified Patent Court (UPC) located in Düsseldorf, Germany has issued a decision in a patent infringement case brought by Trumpf SE & Co. KG (“Trumpf”).
The court ruled that certain uses and designs of IPG’s adjustable mode beam (AMB) lasers infringed European Patent 2,624,031. The decision impacts AMB laser products sold in Germany, France and Italy, affecting less than 1% of IPG’s total sales.
The Company is implementing contingency measures to support AMB customers. Other lasers models made by IPG were not involved in the lawsuit and IPG’s product portfolio remains broadly available. Remedies available to the patent owner, including an injunction, recall and damages, may be enforced and determined at a subsequent time after the required conditions have been satisfied.
IPG respectfully disagrees with the decision and plans to file an appeal with the UPC Court of Appeal and pursue other measures available to it.
IPG previously disclosed that affiliates of Trumpf have brought two separate actions in the Unified Patent Courts in Mannheim, Germany and Düsseldorf, Germany asserting two different patents against IPG’s AMB lasers. IPG previously announced the Mannheim court’s decision and IPG’s intention to appeal. Today’s announcement relates solely to a different patent asserted in the separate Düsseldorf proceeding.
IPG Photonics Corporation is the leader in high-power fiber lasers and amplifiers used primarily in materials processing and other diverse applications. The Company’s mission is to develop innovative laser solutions, making the world a better place. IPG accomplishes this mission by delivering superior performance, reliability, and usability at a lower total cost of ownership compared with other types of lasers and non-laser tools, allowing end users to increase productivity and decrease costs. IPG is headquartered in Marlborough, Massachusetts and has more than 30 facilities worldwide. For more information, visit www.ipgphotonics.com.
Safe Harbor Statement
Information and statements provided by IPG and its employees, including statements in this press release, that relate to future plans, events or performance are forward-looking statements. These statements involve risks and uncertainties. Any statements in this press release that are not statements of historical fact are forward-looking statements, including those related to the percentage of total sales impacted by the decision, remedies available to the patent owner, the enforcement and determination of damages, implementing contingency measures to support AMB customers, and filing an appeal with the UPC Court of Appeals and pursuing other measures available to it. Factors that could cause actual results to differ materially include risks and uncertainties, including risks associated with intellectual property and litigation, and other risks identified in IPG's SEC filings. Readers are encouraged to refer to the risk factors described in IPG's Annual Report on Form 10-K (filed with the SEC on February 23, 2026) and IPG's reports filed with the SEC, as applicable. Actual results, events and performance may differ materially. Readers are cautioned not to rely on the forward-looking statements, which speak only as of the date hereof. IPG undertakes no obligation to update the forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
MARLBOROUGH, Mass., March 23, 2026 (GLOBE NEWSWIRE) -- IPG Photonics today announced that IPG Defense will exhibit at AUSA Global Force Symposium & Exposition in Huntsville Alabama from March 24th through March 26th, 2026.
Showcasing Directed Energy Solutions to Advance Army Readiness
IPG Defense will showcase its CROSSBOW™ HEL counter-UAS systems, with expert staff on hand to discuss the capabilities of these laser-based directed energy solutions for defending against drone threats. Attendees, including key military leaders from Army and Joint Commands, as well as private-sector operators, will have the opportunity to explore how these technologies can be integrated to enhance operational effectiveness.
IPG Defense in Huntsville Strengthens Presence and Opportunities
“Our newly opened IPG Defense facility here in Huntsville provides our customers and partners easy access to experience our range of laser defense solutions, and more importantly, meet with our team who have deep industry experience and extensive laser expertise,” said Dr. Ben Allison, VP of IPG Defense Products. “AUSA Global Force in Huntsville is the perfect opportunity to display our technologies in our own backyard for industry leaders and private operators who continue to be challenged by drone threats and require solutions like CROSSBOW to protect their operations from escalating drone threats.”
For more information about IPG Defense, please visit: IPG-Defense.com
About IPG Photonics Corporation
IPG Photonics Corporation is the leader in high-power fiber lasers and amplifiers used primarily in materials processing and other diverse applications. The Company’s mission is to develop innovative laser solutions making the world a better place. IPG accomplishes this mission by delivering superior performance, reliability, and usability at a lower total cost of ownership compared with other types of lasers and non-laser tools, allowing end users to increase productivity and decrease costs. IPG is headquartered in Marlborough, Massachusetts and has more than 30 facilities worldwide.
Contact
Dr. Ben Allison
VP, IPG Defense Products
+1 256-715-5750 [email protected]
Assenagon Asset Management S.A. acquired a new stake in IPG Photonics Corporation (NASDAQ:IPGP – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 47,981 shares of the semiconductor company’s stock, valued at approximately $3,435,000. Assenagon Asset Management S.A. owned 0.11% of IPG Photonics at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Versant Capital Management Inc boosted its position in shares of IPG Photonics by 51.1% in the third quarter. Versant Capital Management Inc now owns 343 shares of the semiconductor company’s stock worth $27,000 after buying an additional 116 shares during the period. Allworth Financial LP raised its holdings in shares of IPG Photonics by 10.2% during the 3rd quarter. Allworth Financial LP now owns 1,449 shares of the semiconductor company’s stock valued at $115,000 after buying an additional 134 shares during the period. PNC Financial Services Group Inc. lifted its position in IPG Photonics by 8.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,813 shares of the semiconductor company’s stock worth $124,000 after acquiring an additional 148 shares in the last quarter. Ballast Asset Management LP lifted its position in IPG Photonics by 0.6% during the 3rd quarter. Ballast Asset Management LP now owns 34,941 shares of the semiconductor company’s stock worth $2,767,000 after acquiring an additional 197 shares in the last quarter. Finally, Orion Porfolio Solutions LLC boosted its holdings in IPG Photonics by 2.8% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 7,922 shares of the semiconductor company’s stock worth $544,000 after acquiring an additional 215 shares during the period. Institutional investors and hedge funds own 93.79% of the company’s stock.
Insider Buying and Selling In other news, Director Eugene A. Scherbakov sold 2,700 shares of the company’s stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $80.96, for a total value of $218,592.00. Following the sale, the director owned 59,330 shares in the company, valued at approximately $4,803,356.80. This represents a 4.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Fibre Devices Ltd Ip sold 13,381 shares of the stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $81.52, for a total transaction of $1,090,819.12. Following the transaction, the insider directly owned 6,593,169 shares in the company, valued at $537,475,136.88. The trade was a 0.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 134,617 shares of company stock worth $10,636,883. 39.50% of the stock is currently owned by insiders.
Analyst Ratings Changes Several analysts have issued reports on IPGP shares. Raymond James Financial downgraded shares of IPG Photonics from a “strong-buy” rating to an “outperform” rating and increased their price objective for the company from $97.00 to $180.00 in a research report on Friday, February 13th. Zacks Research raised shares of IPG Photonics from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 15th. Wall Street Zen downgraded shares of IPG Photonics from a “buy” rating to a “hold” rating in a research note on Sunday. Stifel Nicolaus lifted their price target on shares of IPG Photonics from $92.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. Finally, Roth Mkm boosted their price objective on shares of IPG Photonics from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $131.40.
View Our Latest Research Report on IPG Photonics
IPG Photonics Price Performance IPGP stock opened at $115.70 on Monday. The stock’s 50 day moving average is $115.71 and its two-hundred day moving average is $93.05. IPG Photonics Corporation has a 52-week low of $48.59 and a 52-week high of $155.82. The company has a market capitalization of $4.88 billion, a PE ratio of 156.35, a P/E/G ratio of 2.84 and a beta of 0.94.
IPG Photonics (NASDAQ:IPGP – Get Free Report) last released its earnings results on Thursday, February 12th. The semiconductor company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.25 by $0.21. The company had revenue of $274.47 million during the quarter, compared to analysts’ expectations of $249.58 million. IPG Photonics had a return on equity of 2.89% and a net margin of 3.10%.The business’s revenue was up 17.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.18 EPS. IPG Photonics has set its Q1 2026 guidance at 0.100-0.400 EPS. As a group, sell-side analysts anticipate that IPG Photonics Corporation will post 1.54 EPS for the current year.
IPG Photonics Profile (Free Report)
IPG Photonics Corporation is a global leader in the design and manufacture of high-performance fiber lasers and amplifiers used in industrial, medical, scientific, and telecommunications applications. The company’s core products include ytterbium and erbium fiber lasers, diode lasers, and fiber amplifiers that deliver high power and efficiency for precision cutting, welding, marking, and engraving. IPG’s systems are engineered to optimize process speed, reliability, and energy consumption, making them a preferred choice for advanced manufacturing environments.
In addition to stand-alone laser sources, IPG offers turnkey laser systems and integrated solutions tailored to sectors such as automotive, electronics, aerospace, additive manufacturing, and life sciences.
Further Reading Five stocks we like better than IPG Photonics
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Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has IPG Photonics (IPGP - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
IPG Photonics is a member of our Computer and Technology group, which includes 606 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. IPG Photonics is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for IPGP's full-year earnings has moved 23% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, IPGP has moved about 61.6% on a year-to-date basis. Meanwhile, the Computer and Technology sector has returned an average of -10.5% on a year-to-date basis. This shows that IPG Photonics is outperforming its peers so far this year.
Applied Materials (AMAT - Free Report) is another Computer and Technology stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 31.2%.
Over the past three months, Applied Materials' consensus EPS estimate for the current year has increased 16.4%. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, IPG Photonics belongs to the Lasers Systems and Components industry, a group that includes 1 individual companies and currently sits at #1 in the Zacks Industry Rank. On average, stocks in this group have gained 61.1% this year, meaning that IPGP is performing better in terms of year-to-date returns.
Applied Materials, however, belongs to the Electronics - Semiconductors industry. Currently, this 47-stock industry is ranked #84. The industry has moved -2.2% so far this year.
IPG Photonics and Applied Materials could continue their solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to these stocks.
