Key Takeaways Progressive reported April EPS of $1.86, up 11% year over year on higher revenues and investment income. Net premiums written rose 6% to $7.2B, while total revenues climbed 13% to $7.9B. Policies in force grew across the Vehicle and Property segments, despite a weaker combined ratio of 90.2. The Progressive Corporation (PGR - Free Report) reported earnings per share of $1.86 for April 2026, which jumped 11% year over year. The improvement stemmed from higher revenues and an increase in investment income, partially offset by a rise in expenses.
April Numbers in DetailProgressive recorded net premiums written of $7.2 billion, up 6% from $6.8 billion in the year-ago month. Net premiums earned were about $7.1 billion, up 7% from $6.6 billion reported in the year-ago month.
Net realized income on securities was $402 million against a net realized loss of $3 million from the year-ago month.
Combined ratio — the percentage of premiums paid out as claims and expenses — deteriorated 530 basis points (bps) year over year to 90.2.
PGR’s total revenues were $7.9 billion, up 13% year over year, owing to a 7.1% increase in premiums, a 12.5% jump in investment income and 15.9% higher service revenues.
Total expenses increased 13.5% to $6.6 billion, mainly due to higher losses and loss adjustment expenses, policy acquisition costs, other underwriting expenses, service expenses and interest expense.
In April 2026, policies in force (PIF) were impressive for both Vehicle and Property businesses. In the Vehicle business, the Personal Auto segment recorded a 9% year-over-year increase to 38.5 million policies. Special Lines policies increased 7% from the year-earlier month to 7.1 million.
In Progressive’s Personal Auto segment, Agency Auto PIF increased 8% to 11.1 million, while Direct Auto improved 11% to 16.6 million.
PGR’s Commercial Auto segment policies rose 3% year over year to 1.2 million.
The Property business had 3.6 million policies in force in the reported month, up 1% year over year.
The company’s book value per share was $56.29 as of April 30, 2026, up 8.9% from $51.71 on April 30, 2025.
In the trailing 12 months, the return on equity was 33.8%, having contracted 1,040 bps from 44.2% in April 2025. The debt-to-total-capital ratio deteriorated 180 bps year over year to 20.3 as of April 30, 2026.
Price PerformanceProgressive shares have lost 26.9% in the past year against the industry’s growth of 4.3%.
Image Source: Zacks Investment Research
Zacks RankProgressive currently carries a Zacks Rank #3 (Hold).
Stocks to ConsiderSome better-ranked stocks from the insurance industry are First American Financial Corporation (FAF - Free Report) , Mercury General Corporation (MCY - Free Report) and The Hanover Insurance Group, Inc. (THG - Free Report) . While FAF and MCY sport a Zacks Rank #1 (Strong Buy) each, THG carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
First American’s earnings surpassed estimates in each of the last four quarters, with an average surprise of 22.02%. Shares of FAF have jumped 23% in the past year. The Zacks Consensus Estimate for FAF’s 2026 and 2027 earnings implies year-over-year growth of 12.8% and 5.5%, respectively.
Mercury General’s earnings surpassed estimates in each of the last four quarters, the average surprise being 61.76%. Shares of MCY have jumped 71.8% in the past year. The Zacks Consensus Estimate for MCY’s 2026 and 2027 earnings implies year-over-year growth of 48.7% and 2.1%, respectively.
The Hanover Insurance’s earnings surpassed estimates in each of the last four quarters, the average surprise being 28.54%. Shares of THG have jumped 16.5% in the past year. The Zacks Consensus Estimate for THG’s 2027 earnings implies year-over-year growth of 0.3%.
Progressive (PGR - Free Report) closed the most recent trading day at $199.66, moving -1.45% from the previous trading session. The stock trailed the S&P 500, which registered a daily gain of 0.17%. At the same time, the Dow added 0.55%, and the tech-heavy Nasdaq gained 0.09%.
Heading into today, shares of the insurer had lost 0.05% over the past month, outpacing the Finance sector's loss of 0.4% and lagging the S&P 500's gain of 4.59%.
The investment community will be paying close attention to the earnings performance of Progressive in its upcoming release. The company's earnings per share (EPS) are projected to be $3.8, reflecting a 22.13% decrease from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $22.78 billion, reflecting a 5.37% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $16.41 per share and a revenue of $92.39 billion, signifying shifts of -10.08% and +6.27%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for Progressive. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.26% higher within the past month. As of now, Progressive holds a Zacks Rank of #3 (Hold).
From a valuation perspective, Progressive is currently exchanging hands at a Forward P/E ratio of 12.35. This signifies a premium in comparison to the average Forward P/E of 10.94 for its industry.
It is also worth noting that PGR currently has a PEG ratio of 5.85. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. By the end of yesterday's trading, the Insurance - Property and Casualty industry had an average PEG ratio of 2.46.
The Insurance - Property and Casualty industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 81, placing it within the top 34% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
In the latest trading session, Progressive (PGR - Free Report) closed at $194.55, marking a -1.2% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.58% for the day. Elsewhere, the Dow saw an upswing of 0.05%, while the tech-heavy Nasdaq appreciated by 0.91%.
Shares of the insurer witnessed a loss of 1.87% over the previous month, trailing the performance of the Finance sector with its gain of 1.37%, and the S&P 500's gain of 4.96%.
Market participants will be closely following the financial results of Progressive in its upcoming release. In that report, analysts expect Progressive to post earnings of $3.76 per share. This would mark a year-over-year decline of 22.95%. In the meantime, our current consensus estimate forecasts the revenue to be $22.88 billion, indicating a 5.84% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of $16.37 per share and a revenue of $92.51 billion, demonstrating changes of -10.3% and +6.4%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for Progressive. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.11% lower. At present, Progressive boasts a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Progressive has a Forward P/E ratio of 12.03 right now. Its industry sports an average Forward P/E of 10.54, so one might conclude that Progressive is trading at a premium comparatively.
Investors should also note that PGR has a PEG ratio of 7.2 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Insurance - Property and Casualty stocks are, on average, holding a PEG ratio of 2.37 based on yesterday's closing prices.
The Insurance - Property and Casualty industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 84, positioning it in the top 35% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
Progressive (PGR +0.31%) is one of the largest U.S. insurance companies, covering all stripes of policies. Although there are many insurance technology start-ups using artificial intelligence (AI) and machine learning to provide accurate pricing and a digital experience, Progressive has an edge in the auto space through its telematics program. Here's why that matters.
Staying on top of technology Telematics is a program that insurance companies use to track driving records and price policies accordingly. It's a usage-based system, and drivers who opt in can benefit from lower rates if their safety records indicate that they're low-risk. Drivers can use a phone app or plug-in device to track things like speeding, acceleration, and seatbelt usage.
Image source: Getty Images.
Although telematics is widely used among insurers today, Progressive was the first one to adopt the technology. It began its first program in 2008, and by 2013, it had a 57% awareness rate. By 2015, it had 3 million customers in what is now called the Snapshot program.
Progressive has tons of data at this point about every facet of driving that helps it match rate to risk, the ultimate goal of an insurance company. This gives it an edge over competitors of any kind, including the new upstarts. This data and the insights Progressive gets from it compound over time, and through machine learning, it constantly improves. That creates a wide moat and protects its lead in this space.
Beating the market Progressive has two segments: personal and commercial. Since auto policies represent 90% of the personal line, and the personal line is 83% of the company's business, auto insurance is the company's main area.
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Given its outsized role in the business, having an edge in the auto segment is critical for the company's growth. Personal line payments in force increased 11% year over year in the 2026 first quarter, or an additional $1.3 billion, on top of 22% last year. Progressive added its newest Snapshot model to 14 states, representing 44% of net premiums written over the trailing 12 months, improving its segmentation and risk selection. That's leading to competitive rates and its highest conversion levels in more than 20 years.
It also helps Progressive keep its combined ratio low. The ratio measures how much it pays out as claims, and it was 86.4% in Q1, well below the 96% goal.
But it's the long-term effect that's crucial. Today's growth comes from the company's nearly two-decade investment in this space, and that's what will power its continued trajectory. Despite being an established leader, Progressive has been a market-beating stock for years. It's slipping this year as the market prices in worries about comparisons with an excellent 2025, which led to it becoming expensive. The auto business gives it an essential advantage in keeping up market-beating performance long term.
High energy prices, driven by the geopolitical conflict in the Middle East, are impacting the global economy. While gas prices are a quick hit to consumers, the broader cost impact of rising energy costs takes a little time to work through the economy. The hit is starting to show through, as inflation has been on the rise. The Federal Reserve specifically highlighted inflation as a concern during its last meeting.
Financial companies are directly affected when the Federal Reserve raises rates, which it does to slow the economy. While some may see an adverse effect, these three should hold up fairly well: JPMorgan Chase (JPM +1.82%), American Express (AXP +1.62%), and Progressive (PGR +0.31%). Here's why.
Image source: Getty Images.
JPMorgan Chase controls what customers earn JPMorgan Chase is a diversified banking giant. However, a key part of its business model is offering basic banking services, like checking accounts, deposit accounts, and certificates of deposit. The consumer and banking business alone holds nearly $1.1 trillion in deposits at the end of the first quarter of 2026.
This is interesting because the basic banking model is fairly simple. A bank like JPMorgan takes deposits and lends that money out. It pays depositors less than what it earns in interest on the loans it makes, with the difference representing profits for the bank. If the Federal Reserve increases interest rates, JPMorgan's ability to earn money on the loans it makes increases. But it doesn't have to increase the rate it pays depositors. Or, at the very least, it doesn't need to increase what it pays by as much as its income increases.
In other words, higher rates could be supportive of JPMorgan's business. But it isn't the only financial company that's positioned well for an increase in rates.
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American Express has an attractive high-end model American Express issues credit cards largely to higher-net-worth customers. Such customers tend to be more resilient to financial distress, allowing them to keep spending regardless of the economic environment. This is a double benefit because American Express also processes its customers' card transactions, generating fee income. If the Federal Reserve increases interest rates, it won't have much impact on the company's core business model.
However, rate increases are specifically meant to slow economic growth. If economic growth slows too much, it can lead to a recession. Generally speaking, that would be a bad outcome for consumer spending and could lead to slower transaction volume. But American Express' high-net-worth customers are likely to keep spending more than less wealthy consumers, who are being more directly impacted by the economic weakness. Even in the worst-case scenario, American Express should be a relatively strong performer.
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Progressive gets the benefit of the float Progressive is an insurance company. It collects premiums from customers up front and pays out under its policies when a claim is made. In the meantime, the company gets to hold onto the premiums and invest them. Progressive can't be too risky with its investments, as it will eventually need the cash to pay claims. Normally, a significant portion of this money, often called "the float," is held in short-term debt investments.
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In the first quarter of 2026, Progressive generated just over $900 million in investment income. The float and the income it generates are an important part of the company's business model. If the Federal Reserve increases interest rates, Progressive can earn more interest on the float without taking on any additional investment risk. In other words, a rate hike is actually a big win for the insurer.
Rate hikes aren't all bad news While the general perception is that Federal Reserve rate increases are bad for the finance industry, that isn't true across the board. Some companies, like JPMorgan and Progressive, may actually benefit. Others, like American Express, should see little impact. You don't have to fear a rate hike; just be prepared for one, which may include adding some of these resilient financial companies to your portfolio.
Progressive (PGR - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Shares of this insurer have returned -0.5% over the past month versus the Zacks S&P 500 composite's +5.4% change. The Zacks Insurance - Property and Casualty industry, to which Progressive belongs, has lost 1.1% over this period. Now the key question is: Where could the stock be headed in the near term?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Revisions to Earnings EstimatesHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Progressive is expected to post earnings of $3.74 per share for the current quarter, representing a year-over-year change of -23.4%. Over the last 30 days, the Zacks Consensus Estimate has changed -2%.
For the current fiscal year, the consensus earnings estimate of $16.33 points to a change of -10.5% from the prior year. Over the last 30 days, this estimate has changed -0.3%.
For the next fiscal year, the consensus earnings estimate of $16.31 indicates a change of -0.2% from what Progressive is expected to report a year ago. Over the past month, the estimate has changed -0.9%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Progressive is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth ForecastEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
For Progressive, the consensus sales estimate for the current quarter of $22.88 billion indicates a year-over-year change of +5.8%. For the current and next fiscal years, $92.51 billion and $99.5 billion estimates indicate +6.4% and +7.6% changes, respectively.
Last Reported Results and Surprise HistoryProgressive reported revenues of $22.31 billion in the last reported quarter, representing a year-over-year change of +8.2%. EPS of $4.96 for the same period compares with $4.65 a year ago.
Compared to the Zacks Consensus Estimate of $22.03 billion, the reported revenues represent a surprise of +1.27%. The EPS surprise was +2.48%.
Over the last four quarters, Progressive surpassed consensus EPS estimates three times. The company topped consensus revenue estimates three times over this period.
ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Progressive is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Progressive. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
In the latest trading session, Progressive (PGR - Free Report) closed at $193.46, marking a -1.71% move from the previous day. This move lagged the S&P 500's daily loss of 0.74%. Meanwhile, the Dow lost 1.21%, and the Nasdaq, a tech-heavy index, lost 0.89%.
Heading into today, shares of the insurer had lost 0.47% over the past month, lagging the Finance sector's gain of 1.17% and the S&P 500's gain of 5.39%.
Market participants will be closely following the financial results of Progressive in its upcoming release. In that report, analysts expect Progressive to post earnings of $3.74 per share. This would mark a year-over-year decline of 23.36%. Meanwhile, the latest consensus estimate predicts the revenue to be $22.88 billion, indicating a 5.84% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $16.33 per share and a revenue of $92.51 billion, indicating changes of -10.52% and +6.4%, respectively, from the former year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Progressive. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.3% lower. Progressive is holding a Zacks Rank of #3 (Hold) right now.
Looking at valuation, Progressive is presently trading at a Forward P/E ratio of 12.05. Its industry sports an average Forward P/E of 10.42, so one might conclude that Progressive is trading at a premium comparatively.
It's also important to note that PGR currently trades at a PEG ratio of 5.71. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. PGR's industry had an average PEG ratio of 2.28 as of yesterday's close.
The Insurance - Property and Casualty industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 98, which puts it in the top 41% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow PGR in the coming trading sessions, be sure to utilize Zacks.com.
Over the past several years, few companies have dominated the auto insurance market quite like Progressive (PGR +0.31%). In fact, Progressive recently surpassed State Farm as the largest private auto insurer in the U.S. on a trailing-12-month basis. The company's private auto premiums actually grew 11.6% over the trailing 12 months ended March 31, 2026, while State Farm's auto business was essentially flat.
But make no mistake: Progressive's growth isn't a fluke.
Pricing discipline At the end of 2025, Progressive had more than 38 million policies in force across its insurance businesses, up roughly 10% from the prior year. Personal lines policies in force reached 37.4 million in early 2026, growing 11% year over year. Direct auto policies grew 14%, while agency auto policies increased 10%.
One reason for that growth is pricing discipline.
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Many insurers were slow to respond as inflation drove up vehicle repair and replacement costs in 2022 and 2023. Progressive moved more aggressively to raise rates and maintain underwriting profitability. The strategy worked.
In 2025, the company generated an underwriting profit margin of 12.6%, well above its long-term target of 4%. Its combined ratio was 87.4%, meaning it paid out less than $0.88 in claims and expenses for every premium dollar collected.
The telematics advantage The company's telematics platform is another major advantage.
Image source: Getty Images.
Progressive's Snapshot program (which uses real-world driving data to help determine insurance rates) has now logged more than 100 billion driving miles and delivered more than $2.2 billion in discounts to customers since 2009. The data allow Progressive to more accurately identify risk and price policies accordingly, giving it an edge over competitors relying on less detailed information.
Its direct-to-consumer business also remains a growth engine.
During 2025, Progressive reported direct personal auto policy growth of roughly 14%. The direct channel reduces reliance on agents and helps lower customer acquisition costs.
Of course, the question is, can this growth continue?
Chasing growth Competition is already beginning to return. Insurers that spent the past few years focused on restoring profitability are once again chasing growth. GEICO, for example, has increased advertising spending and is attempting to regain market share after years of retrenchment. That could make future market-share gains harder to achieve.
Still, Progressive enters this phase from a position of strength.
The company combines industry-leading telematics capabilities, a powerful direct channel, and a demonstrated ability to adjust pricing faster than many rivals. Even if competitors become more aggressive, Progressive appears well-positioned to continue growing its policies in force faster than the overall auto insurance market.
All this leads to the conclusion that yes, Progressive is likely to continue taking market share for the foreseeable future.
In the latest trading session, Progressive (PGR - Free Report) closed at $204.20, marking a +2.03% move from the previous day. The stock's performance was ahead of the S&P 500's daily loss of 1.62%. On the other hand, the Dow registered a loss of 1.87%, and the technology-centric Nasdaq decreased by 1.98%.
The insurer's stock has climbed by 0.86% in the past month, falling short of the Finance sector's gain of 0.94% and outpacing the S&P 500's loss of 0.03%.
Investors will be eagerly watching for the performance of Progressive in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $3.74, reflecting a 23.36% decrease from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $22.88 billion, up 5.84% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $16.35 per share and revenue of $92.51 billion, which would represent changes of -10.41% and +6.4%, respectively, from the prior year.
Any recent changes to analyst estimates for Progressive should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.28% lower. Progressive is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Progressive has a Forward P/E ratio of 12.24 right now. This signifies a premium in comparison to the average Forward P/E of 10.73 for its industry.
Meanwhile, PGR's PEG ratio is currently 5.8. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Insurance - Property and Casualty was holding an average PEG ratio of 2.32 at yesterday's closing price.
The Insurance - Property and Casualty industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 81, positioning it in the top 34% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
New York, New York--(Newsfile Corp. - June 5, 2026) - Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against Medpace Holdings, Inc. (NASDAQ: MEDP) and certain of its officers.
This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Medpace securities between April 22, 2025 and February 9, 2026, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: bgandg.com/MEDP.
Medpace Case Details
The Complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements and/or failed to disclose that:
Medpace's public statements regarding its expected book-to-bill ratio for the fourth quarter and second half of fiscal year 2025 lacked a reasonable basis; Defendants repeatedly portrayed an overly optimistic book-to-bill ratio of approximately 1.15 during earnings calls and other public communications, despite contrary internal information; and as a result, Defendants' statements about the Company's business, operations, and financial prospects were materially false and misleading at all relevant times.What's Next for Medpace Investors?
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm's site: bgandg.com/MEDP, or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in Medpace you have until June 5, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.
No Cost to Medpace Investors
We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman, LLC for Medpace Securities Class Action?
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com.
"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/294775
Source: Bronstein, Gewirtz & Grossman, LLC
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New York, New York--(Newsfile Corp. - June 5, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Medpace Holdings, Inc. (NASDAQ: MEDP) between April 22, 2025 and February 9, 2026, inclusive (the "Class Period"), of the important June 8, 2026 lead plaintiff deadline.
SO WHAT: If you purchased Medpace common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO: To join the Medpace class action, go to https://rosenlegal.com/submit-form/?case_id=58453 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 8, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or concealed material adverse facts concerning the true state of Medpace's backlog cancellation rate. In fact, defendants continuously touted "well behaved" cancellation rates. Furthermore, Medpace made clear that cancellations were not caused by weak business or a weak funding environment, providing investors with overly positive growth expectations that could not maintain the projected 1.15 book-to-bill ratio. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Medpace class action, go to https://rosenlegal.com/submit-form/?case_id=58453 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
-------------------------------
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/300348
Source: The Rosen Law Firm PA
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, reminds investors about a class action lawsuit on behalf of purchasers of common stock of Medpace Holdings, Inc. (NASDAQ: MEDP) between April 22, 2025 and February 9, 2026. Medpace describes itself as a “clinical contract research organization (CRO) focused on providing scientifically-driven outsourced clinical development services to the biotechnology, pharmaceutical, and medical device industries.”
For more information, submit a form, email attorney Phillip Kim, or give us a call at 866-767-3653.
The Allegations: Rosen Law Firm is Investigating the Allegations that Medpace Holdings, Inc. (NASDAQ: MEDP) Misled Investors Regarding its Business Operations.
According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or concealed material adverse facts concerning the true state of Medpace’s backlog cancellation rate. In fact, defendants continuously touted “well behaved” cancellation rates. Furthermore, Medpace made clear that cancellations were not caused by weak business or a weak funding environment, providing investors with overly positive growth expectations that could not maintain the projected 1.15 book-to-bill ratio. When the true details entered the market, the lawsuit claims that investors suffered damages.
What Now: You may be eligible to participate in the class action against Medpace Holdings, Inc. Shareholders who want to serve as lead plaintiff for the class must file their motions with the court by June 8, 2026. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here.
All representation is on a contingency fee basis. Shareholders pay no fees or expenses.
About Rosen Law Firm: Some law firms issuing releases about this matter do not actually litigate securities class actions. Rosen Law Firm does. Rosen Law Firm is a recognized leader in shareholder rights litigation, dedicated to helping shareholders recover losses, improving corporate governance structures, and holding company executives accountable for their wrongdoing. Since its inception, Rosen Law Firm has obtained over $1 billion for shareholders.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
, /PRNewswire/ -- Glancy Prongay Wolke & Rotter LLP announces that investors with losses have opportunity to lead the securities fraud class action lawsuit against Medpace Holdings, Inc. ("Medpace" or the "Company") (NASDAQ: MEDP).
IF YOU SUFFERED A LOSS ON YOUR MEDPACE INVESTMENTS, CLICK HERE BEFORE JUNE 8, 2026 (LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE SECURITIES FRAUD LAWSUIT
What Is The Lawsuit About?
The complaint filed alleges that, between April 22, 2025 and February 9, 2026, Defendants: (1) consistently oversold the Company's projected book-to-bill ratio for fourth quarter 2025; (2) knew or recklessly disregarded the impact that cancellations have on the Company's book-to-bill ratio; (3) frequently claimed that the projection of a 1.15 book-to-bill ratio for fourth quarter 2025 was reasonable and achievable and that cancellations were not a sign of a weak business environment; (4) reassured investors that the Company was not concerned about the lack of diversity in its pre-backlog; (5) stated that, despite the uptick in metabolic growth, the Company's upside was broad-based and not isolated to any handful of studies; and (6) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
Contact Us To Participate or Learn More:
If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us.
Charles Linehan, Esq.,
Glancy Prongay Wolke & Rotter LLP,
1925 Century Park East, Suite 2100,
Los Angeles California 90067
Email: [email protected]
Telephone: 310-201-9150 (Toll-Free: 888-773-9224)
Visit our website at www.glancylaw.com.
Follow us for updates on LinkedIn, Twitter, or Facebook.
If you inquire by email, please include your mailing address, telephone number and number of shares purchased.
To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contact Us:
Glancy Prongay Wolke & Rotter LLP,
1925 Century Park East, Suite 2100,
Los Angeles, CA 90067
Charles Linehan
Email: [email protected]
Telephone: 310-201-9150
Toll-Free: 888-773-9224
Visit our website at: www.glancylaw.com.
, /PRNewswire/ -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Medpace Holdings Inc. (NASDAQ: MEDP) common stock between April 22, 2025 and February 9, 2026, all dates inclusive (the "Class Period"), have until this Monday, June 8, 2026 to seek appointment as lead plaintiff of the Medpace class action lawsuit. Captioned Durbin v. Medpace Holdings Inc., No. 26-cv-00346 (S.D. Ohio), the Medpace class action lawsuit charges Medpace as well as certain of Medpace's top executives with violations of the Securities Exchange Act of 1934.
If you suffered substantial losses and wish to serve as lead plaintiff of the Medpace class action lawsuit, please provide your information here:
You can also contact attorneys Ken Dolitsky or Michael Albert of Robbins Geller by calling 800/851-7783 or via e-mail at [email protected].
CASE ALLEGATIONS: Medpace is a clinical contract research organization (CRO) focused on providing scientifically-driven outsourced clinical development services to the biotechnology, pharmaceutical, and medical device industries.
The Medpace class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) Medpace consistently oversold Medpace's projected book-to-bill ratio for fourth quarter 2025; (ii) Medpace knew or recklessly disregarded the impact that cancellations have on Medpace's book-to-bill ratio; (iii) Medpace frequently claimed that the projection of a 1.15 book-to-bill ratio for fourth quarter 2025 was reasonable and achievable and that cancellations were not a sign of a weak business environment; (iv) Medpace reassured investors that Medpace was not concerned about the lack of diversity in its pre-backlog; and (v) Medpace management stated that, despite the uptick in metabolic growth, Medpace's upside was broad-based and not isolated to any handful of studies.
The Medpace class action lawsuit further alleges that on February 9, 2026, Medpace released fourth quarter 2025 earnings results revealing a book-to-bill ratio of 1.04, well below Medpace's guidance. On this news, the price of Medpace common stock fell nearly 16%, according to the complaint.
THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Medpace common stock during the Class Period to seek appointment as lead plaintiff in the Medpace class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Medpace class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Medpace class action lawsuit. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Medpace class action lawsuit.
ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world's leading law firms representing investors in securities fraud and shareholder rights litigation. Our Firm ranked #1 on the most recent ISS Securities Class Action Services Top 50 Report, recovering more than $916 million for investors in 2025. This marks our fourth #1 ranking in the past five years. And in those five years alone, Robbins Geller recovered $8.4 billion for investors – $3.4 billion more than any other law firm. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs' firms in the world, and the Firm's attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information:
New York, New York--(Newsfile Corp. - June 6, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Medpace Holdings, Inc. (NASDAQ: MEDP) between April 22, 2025 and February 9, 2026, inclusive (the "Class Period"), of the important June 8, 2026 lead plaintiff deadline.
SO WHAT: If you purchased Medpace common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO: To join the Medpace class action, go to https://rosenlegal.com/submit-form/?case_id=58453 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 8, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or concealed material adverse facts concerning the true state of Medpace's backlog cancellation rate. In fact, defendants continuously touted "well behaved" cancellation rates. Furthermore, Medpace made clear that cancellations were not caused by weak business or a weak funding environment, providing investors with overly positive growth expectations that could not maintain the projected 1.15 book-to-bill ratio. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Medpace class action, go to https://rosenlegal.com/submit-form/?case_id=58453 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
-------------------------------
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/300351
Source: The Rosen Law Firm PA
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Medpace To Contact Him Directly To Discuss Their Options
If you purchased or acquired securities in Medpace between April 22, 2025 and February 9, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
[You may also click here for additional information]
New York, New York--(Newsfile Corp. - June 7, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Medpace Holdings, Inc. ("Medpace" or the "Company") (NASDAQ: MEDP) and reminds investors of the June 8, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
According to the complaint, defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating false and misleading statements and/or concealing material adverse facts concerning the true state of Medpace's backlog cancellation rate. Defendants continuously touted "well behaved" cancellation rates. Furthermore, Medpace made clear that cancellations were not caused by weak business or a weak funding environment, providing investors with overly positive growth expectations that could not maintain the projected 1.15 book-to-bill ratio.
On February 9, 2026, Medpace issued a press release announcing the Company's fourth quarter 2025 book-to-bill ratio of 1.04, well below the guidance of 1. 15. Following this news, the price of Medpace's common stock declined dramatically. From a closing market price of $530.35 per share on February 9, 2026, Medpace's common stock price fell to $446. 05 per share on February 10, 2026, a decline of more than 15.9%.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding Medpace's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the Medpace class action, go to www.faruqilaw.com/MEDP or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
Follow us for updates on LinkedIn, on X, or on Facebook.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/300334
Source: Faruqi & Faruqi LLP
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
New York, New York--(Newsfile Corp. - June 7, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Medpace Holdings, Inc. (NASDAQ: MEDP) between April 22, 2025 and February 9, 2026, inclusive (the "Class Period"), of the important June 8, 2026 lead plaintiff deadline.
SO WHAT: If you purchased Medpace common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO: To join the Medpace class action, go to https://rosenlegal.com/submit-form/?case_id=58453 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 8, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or concealed material adverse facts concerning the true state of Medpace's backlog cancellation rate. In fact, defendants continuously touted "well behaved" cancellation rates. Furthermore, Medpace made clear that cancellations were not caused by weak business or a weak funding environment, providing investors with overly positive growth expectations that could not maintain the projected 1.15 book-to-bill ratio. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Medpace class action, go to https://rosenlegal.com/submit-form/?case_id=58453 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
-------------------------------
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/300352
Source: The Rosen Law Firm PA
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Medpace Holdings, Inc. (NASDAQ: MEDP) between April 22, 2025 and February 9, 2026, inclusive (the “Class Period”), of the important June 8, 2026 lead plaintiff deadline.
SO WHAT: If you purchased Medpace common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO: To join the Medpace class action, go to https://rosenlegal.com/submit-form/?case_id=58453 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 8, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or concealed material adverse facts concerning the true state of Medpace’s backlog cancellation rate. In fact, defendants continuously touted “well behaved” cancellation rates. Furthermore, Medpace made clear that cancellations were not caused by weak business or a weak funding environment, providing investors with overly positive growth expectations that could not maintain the projected 1.15 book-to-bill ratio. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Medpace class action, go to https://rosenlegal.com/submit-form/?case_id=58453 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827 [email protected]
www.rosenlegal.com
San Diego, California--(Newsfile Corp. - June 8, 2026) - The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Medpace Holdings Inc. (NASDAQ: MEDP) common stock between April 22, 2025 and February 9, 2026, all dates inclusive (the "Class Period"), have until today, Monday, June 8, 2026 to seek appointment as lead plaintiff of the Medpace class action lawsuit. Captioned Durbin v. Medpace Holdings Inc., No. 26-cv-00346 (S.D. Ohio), the Medpace class action lawsuit charges Medpace as well as certain of Medpace's top executives with violations of the Securities Exchange Act of 1934.
If you suffered substantial losses and wish to serve as lead plaintiff of the Medpace class action lawsuit, please provide your information here:
You can also contact attorneys Ken Dolitsky or Michael Albert of Robbins Geller by calling 800/851-7783 or via e-mail at [email protected].
CASE ALLEGATIONS: Medpace is a clinical contract research organization (CRO) focused on providing scientifically-driven outsourced clinical development services to the biotechnology, pharmaceutical, and medical device industries.
The Medpace class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) Medpace consistently oversold Medpace's projected book-to-bill ratio for fourth quarter 2025; (ii) Medpace knew or recklessly disregarded the impact that cancellations have on Medpace's book-to-bill ratio; (iii) Medpace frequently claimed that the projection of a 1.15 book-to-bill ratio for fourth quarter 2025 was reasonable and achievable and that cancellations were not a sign of a weak business environment; (iv) Medpace reassured investors that Medpace was not concerned about the lack of diversity in its pre-backlog; and (v) Medpace management stated that, despite the uptick in metabolic growth, Medpace's upside was broad-based and not isolated to any handful of studies.
The Medpace class action lawsuit further alleges that on February 9, 2026, Medpace released fourth quarter 2025 earnings results revealing a book-to-bill ratio of 1.04, well below Medpace's guidance. On this news, the price of Medpace common stock fell nearly 16%, according to the complaint.
THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Medpace common stock during the Class Period to seek appointment as lead plaintiff in the Medpace class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Medpace class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Medpace class action lawsuit. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Medpace class action lawsuit.
ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world's leading law firms representing investors in securities fraud and shareholder rights litigation. Our Firm ranked #1 on the most recent ISS Securities Class Action Services Top 50 Report, recovering more than $916 million for investors in 2025. This marks our fourth #1 ranking in the past five years. And in those five years alone, Robbins Geller recovered $8.4 billion for investors - $3.4 billion more than any other law firm. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs' firms in the world, and the Firm's attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever - $7.2 billion - in In re Enron Corp. Sec. Litig. Please visit the following page for more information:
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Medpace To Contact Him Directly To Discuss Their Options
If you purchased or acquired securities in Medpace between April 22, 2025 and February 9, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
[You may also click here for additional information]
NEW YORK--(BUSINESS WIRE)--Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Medpace Holdings, Inc. (“Medpace” or the “Company”) (NASDAQ: MEDP) and reminds investors of the June 8, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
According to the complaint, defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating false and misleading statements and/or concealing material adverse facts concerning the true state of Medpace's backlog cancellation rate. Defendants continuously touted "well behaved" cancellation rates. Furthermore, Medpace made clear that cancellations were not caused by weak business or a weak funding environment, providing investors with overly positive growth expectations that could not maintain the projected 1.15 book-to-bill ratio.
On February 9, 2026, Medpace issued a press release announcing the Company's fourth quarter 2025 book-to-bill ratio of 1.04, well below the guidance of 1.15. Following this news, the price of Medpace's common stock declined dramatically. From a closing market price of $530.35 per share on February 9, 2026, Medpace's common stock price fell to $446.05 per share on February 10, 2026, a decline of more than 15.9%.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding Medpace’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the Medpace class action, go to www.faruqilaw.com/MEDP or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
Follow us for updates on LinkedIn, on X, or on Facebook.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
[url="]Faruqi and Faruqi, LLP[/url], a leading national securities law firm, is investigating potential claims against Medpace Holdings, Inc. (âMedpaceâ or t
RIDGEWOOD, N.J., June 08, 2026 (GLOBE NEWSWIRE) -- RIDGEWOOD, N.J., June 8, 2026 (GLOBE NEWSWIRE) -- Safirstein Law LLC announces that a class action lawsuit has been filed on behalf of shareholders against Medpace Holdings, Inc. ("Medpace" or the "Company") (NASDAQ:MEDP).
New York, New York--(Newsfile Corp. - June 8, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Medpace Holdings, Inc. (NASDAQ: MEDP) between April 22, 2025 and February 9, 2026, inclusive (the "Class Period"), of the important June 8, 2026 lead plaintiff deadline.
SO WHAT: If you purchased Medpace common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO: To join the Medpace class action, go to https://rosenlegal.com/submit-form/?case_id=58453 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 8, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or concealed material adverse facts concerning the true state of Medpace's backlog cancellation rate. In fact, defendants continuously touted "well behaved" cancellation rates. Furthermore, Medpace made clear that cancellations were not caused by weak business or a weak funding environment, providing investors with overly positive growth expectations that could not maintain the projected 1.15 book-to-bill ratio. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Medpace class action, go to https://rosenlegal.com/submit-form/?case_id=58453 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/300515
Source: The Rosen Law Firm PA
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Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Medpace To Contact Him Directly To Discuss Their Options
If you purchased or acquired securities in Medpace between April 22, 2025 and February 9, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
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NEW YORK--(BUSINESS WIRE)--Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Medpace Holdings, Inc. (“Medpace” or the “Company”) (NASDAQ: MEDP) and reminds investors of the June 8, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
According to the complaint, defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating false and misleading statements and/or concealing material adverse facts concerning the true state of Medpace's backlog cancellation rate. Defendants continuously touted "well behaved" cancellation rates. Furthermore, Medpace made clear that cancellations were not caused by weak business or a weak funding environment, providing investors with overly positive growth expectations that could not maintain the projected 1.15 book-to-bill ratio.
On February 9, 2026, Medpace issued a press release announcing the Company's fourth quarter 2025 book-to-bill ratio of 1.04, well below the guidance of 1. 15. Following this news, the price of Medpace's common stock declined dramatically. From a closing market price of $530.35 per share on February 9, 2026, Medpace's common stock price fell to $446.05 per share on February 10, 2026, a decline of more than 15.9%.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding Medpace’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the Medpace class action, go to www.faruqilaw.com/MEDP or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
Follow us for updates on LinkedIn, on X, or on Facebook.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
, /PRNewswire/ -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against Medpace Holdings, Inc. (NASDAQ: MEDP) and certain of its officers.
This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Medpace securities between April 22, 2025 and February 9, 2026, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: bgandg.com/MEDP.
Medpace Case Details
The Complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements and/or failed to disclose that:
Medpace's public statements regarding its expected book-to-bill ratio for the fourth quarter and second half of fiscal year 2025 lacked a reasonable basis; Defendants repeatedly portrayed an overly optimistic book-to-bill ratio of approximately 1.15 during earnings calls and other public communications, despite contrary internal information; and as a result, Defendants' statements about the Company's business, operations, and financial prospects were materially false and misleading at all relevant times. What's Next for Medpace Investors?
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm's site: bgandg.com/MEDP. or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in Medpace you have until June 8, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.
No Cost to Medpace Investors
We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman, LLC for Medpace Securities Class Action?
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com
"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.
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Contact Info
Peretz Bronstein, Esq. or Nathan Miller
Bronstein, Gewirtz & Grossman, LLC
917-590-0911 | [email protected]
Attorney advertising.
Prior results do not guarantee similar outcomes.
Medpace (MEDP - Free Report) closed at $466.79 in the latest trading session, marking a +1.94% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.26%. Meanwhile, the Dow experienced a rise of 0.17%, and the technology-dominated Nasdaq saw a decrease of 0.97%.
Prior to today's trading, shares of the provider of outsourced clinical development services had gained 9.73% outpaced the Medical sector's gain of 3.5% and the S&P 500's gain of 0.23%.
Analysts and investors alike will be keeping a close eye on the performance of Medpace in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $4.08, marking a 31.61% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $678.51 million, showing a 12.47% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $17.04 per share and a revenue of $2.79 billion, signifying shifts of +11.52% and +10.32%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for Medpace. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Currently, Medpace is carrying a Zacks Rank of #3 (Hold).
Investors should also note Medpace's current valuation metrics, including its Forward P/E ratio of 26.87. This denotes a premium relative to the industry average Forward P/E of 15.47.
We can additionally observe that MEDP currently boasts a PEG ratio of 2.32. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Medical Services industry was having an average PEG ratio of 1.44.
The Medical Services industry is part of the Medical sector. This industry, currently bearing a Zacks Industry Rank of 112, finds itself in the top 46% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
Investors looking for stocks in the Medical Services sector might want to consider either Concentra Group (CON - Free Report) or Medpace (MEDP - Free Report) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.
Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores work to identify stocks with specific traits.
Right now, Concentra Group is sporting a Zacks Rank of #2 (Buy), while Medpace has a Zacks Rank of #3 (Hold). Investors should feel comfortable knowing that CON likely has seen a stronger improvement to its earnings outlook than MEDP has recently. However, value investors will care about much more than just this.
Value investors also tend to look at a number of traditional, tried-and-true figures to help them find stocks that they believe are undervalued at their current share price levels.
Our Value category grades stocks based on a number of key metrics, including the tried-and-true P/E ratio, the P/S ratio, earnings yield, and cash flow per share, as well as a variety of other fundamentals that value investors frequently use.
CON currently has a forward P/E ratio of 17.80, while MEDP has a forward P/E of 27.88. We also note that CON has a PEG ratio of 1.24. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. MEDP currently has a PEG ratio of 2.41.
Another notable valuation metric for CON is its P/B ratio of 8.1. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. By comparison, MEDP has a P/B of 22.68.
These are just a few of the metrics contributing to CON's Value grade of B and MEDP's Value grade of D.
CON is currently sporting an improving earnings outlook, which makes it stick out in our Zacks Rank model. And, based on the above valuation metrics, we feel that CON is likely the superior value option right now.
Sysco (SYY - Free Report) came out with quarterly earnings of $0.94 per share, missing the Zacks Consensus Estimate of $0.95 per share. This compares to earnings of $0.96 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -0.77%. A quarter ago, it was expected that this food distributor would post earnings of $0.98 per share when it actually produced earnings of $0.99, delivering a surprise of +1.02%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Sysco, which belongs to the Zacks Food - Miscellaneous industry, posted revenues of $20.52 billion for the quarter ended March 2026, missing the Zacks Consensus Estimate by 0.33%. This compares to year-ago revenues of $19.6 billion. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Sysco shares have added about 2.3% since the beginning of the year versus the S&P 500's gain of 4.8%.
What's Next for Sysco?While Sysco has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Sysco was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.51 on $21.9 billion in revenues for the coming quarter and $4.59 on $84.41 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, Food - Miscellaneous is currently in the bottom 18% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Freshpet (FRPT - Free Report) , has yet to report results for the quarter ended March 2026. The results are expected to be released on May 6.
This seller of refrigerated fresh pet food is expected to post quarterly earnings of $0.06 per share in its upcoming report, which represents a year-over-year change of -33.3%. The consensus EPS estimate for the quarter has been revised 0.2% lower over the last 30 days to the current level.
Freshpet's revenues are expected to be $291.02 million, up 10.6% from the year-ago quarter.
Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Freshpet (FRPT - Free Report) , which belongs to the Zacks Food - Miscellaneous industry, could be a great candidate to consider.
This seller of refrigerated fresh pet food has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 27.91%.
For the most recent quarter, Freshpet was expected to post earnings of $0.43 per share, but it reported $0.64 per share instead, representing a surprise of 48.84%. For the previous quarter, the consensus estimate was $0.43 per share, while it actually produced $0.46 per share, a surprise of 6.98%.
Price and EPS Surprise
Thanks in part to this history, there has been a favorable change in earnings estimates for Freshpet lately. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Freshpet has an Earnings ESP of +25.37% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #3 (Hold), it shows that another beat is possibly around the corner. The company's next earnings report is expected to be released on May 6, 2026.
With the Earnings ESP metric, it's important to note that a negative value reduces its predictive power; however, a negative Earnings ESP does not indicate an earnings miss.
Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Vital Farms (VITL - Free Report) is expected 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 gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 7. 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 company is expected to post quarterly earnings of $0.13 per share in its upcoming report, which represents a year-over-year change of -64.9%.
Revenues are expected to be $184.16 million, up 13.6% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 28.5% 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 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. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
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 Vital Farms?For Vital Farms, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -48.72%.
On the other hand, the stock currently carries a Zacks Rank of #5.
So, this combination makes it difficult to conclusively predict that Vital Farms 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 Vital Farms would post earnings of $0.38 per share when it actually produced earnings of $0.35, delivering a surprise of -7.89%.
Over the last four quarters, the company has beaten consensus EPS estimates three times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Vital Farms 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 PlayerFreshpet (FRPT - Free Report) , another stock in the Zacks Food - Miscellaneous industry, is expected to report earnings per share of $0.06 for the quarter ended March 2026. This estimate points to a year-over-year change of -33.3%. Revenues for the quarter are expected to be $291.02 million, up 10.6% from the year-ago quarter.
The consensus EPS estimate for Freshpet has been revised 0.2% lower over the last 30 days to the current level. However, a higher Most Accurate Estimate has resulted in an Earnings ESP of +25.37%.
When combined with a Zacks Rank of #3 (Hold), this Earnings ESP indicates that Freshpet will most likely 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.
Freshpet (FRPT - Free Report) closed the most recent trading day at $67.38, moving +1.87% from the previous trading session. The stock exceeded the S&P 500, which registered a gain of 1.02% for the day. Elsewhere, the Dow gained 1.62%, while the tech-heavy Nasdaq added 0.89%.
Prior to today's trading, shares of the seller of refrigerated fresh pet food had gained 10.09% outpaced the Consumer Staples sector's gain of 1.45% and lagged the S&P 500's gain of 12.23%.
Market participants will be closely following the financial results of Freshpet in its upcoming release. The company plans to announce its earnings on May 6, 2026. On that day, Freshpet is projected to report earnings of $0.06 per share, which would represent a year-over-year decline of 33.33%. At the same time, our most recent consensus estimate is projecting a revenue of $291.02 million, reflecting a 10.55% rise from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.25 per share and a revenue of $1.2 billion, representing changes of -52.65% and +9.33%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Freshpet. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.78% lower. Freshpet currently has a Zacks Rank of #3 (Hold).
From a valuation perspective, Freshpet is currently exchanging hands at a Forward P/E ratio of 52.96. This represents a premium compared to its industry average Forward P/E of 14.1.
The Food - Miscellaneous industry is part of the Consumer Staples sector. Currently, this industry holds a Zacks Industry Rank of 208, positioning it in the bottom 15% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
The platform is brought to life with Freshpet's new 'Kitchen Conversations' advertising campaign, which aims to capture the intimate, emotional bond between pets and their people
, /PRNewswire/ -- Freshpet, Inc (Nasdaq: FRPT), the first-to-market leader in fresh pet food, today announced "Better Food for Your Better Half," a long-term brand platform designed to reflect the evolving bond between pets and their people while reinforcing the importance of feeding them high-quality, fresh food. The platform debuts with an integrated campaign, Kitchen Conversations, with additional creative set to roll out over time.
At its core, "Better Food for Your Better Half" is rooted in the belief that the relationships people have with their pets are among the most meaningful in their lives, and that how they feed them should reflect that same level of care. The campaign was created in partnership with Freshpet's longtime advertising agency of record, Terri & Sandy.
Inspired by the everyday ritual of catching up while preparing meals, "Kitchen Conversations" captures the natural conversations that unfold in the kitchen between loved ones, linking both the emotional bond and Freshpet's differentiated approach to fresh, real food.
This launch features a series of creative, including three main ad spots.
Too Soon In "Too Soon," a man looks for reassurance on a post-date text, turning to his dog for advice as he prepares Freshpet in the kitchen. Zodiac In "Zodiac," a woman amusingly vents to her dog after being dumped over her zodiac sign while preparing Freshpet in the kitchen. Sleep In "Sleep," a man relatably teases his dog for a restless night while preparing Freshpet in the kitchen. The campaign underscores that what's being served matters just as much as the moment itself. By bringing fresh, real food made with thoughtfully sourced ingredients into these rituals, Freshpet makes mealtime feel as intentional for pets as it is for the rest of the family.
"For so many pet parents, the kitchen is where connection happens. It is where we talk through our day, share small moments, and naturally include our dog in the routine," said Nicki Baty, COO of Freshpet. "Kitchen Conversations reflects that reality, showing how deeply pets are woven into our everyday lives and how Freshpet can be part of those moments with fresh, healthy food."
Freshpet's recipes are made with simple, recognizable ingredients, including fresh chicken, beef, salmon, vegetables, fruits, and whole grains, and are steam-cooked at lower temperatures to offer a fresher alternative to traditional processed pet food. This differentiated approach to pet nutrition reflects the brand's ongoing commitment to raising expectations around nutrition, freshness, and care.
"'Better Food for Your Better Half' is a platform that works on two levels at once. 'Better food' speaks to Freshpet's uncompromising commitment to quality and fresh ingredients, while 'better half' honors the profound emotional bond between dogs and their people. It's a launch pad that gives us a sliding scale to tell stories that can live anywhere from product truth to pure emotion," said Amy Ferguson, Chief Creative Officer and Partner at Terri & Sandy.
Audiences will begin to see "Kitchen Conversations" across linear and streaming TV as well as social platforms starting today.
For more information about Freshpet, visit Freshpet.com, and connect with Freshpet on Facebook, X (Previously Twitter), Instagram and TikTok.
About Freshpet
Freshpet's mission is to help dogs and cats live longer, happier, healthier lives with the people who love them. Developed by on-staff Veterinary Nutritionists, Veterinarians and Food Scientists, recipes are made from whole ingredients, like fresh meats, vegetables and fruits, and are cooked in small batches at lower temperatures to preserve their natural goodness and made at our Freshpet Kitchens. Freshpet foods and treats are kept refrigerated until they arrive at Freshpet fridges in local market or delivered directly to consumers.
Freshpet is available in select grocery, mass, digital, pet specialty, and club retailers across the United States, Canada and Europe, as well as online in the U.S. From the care they take to source their ingredients and make their food, to the moment it reaches your home, Freshpet's commitment to integrity, transparency and social responsibility is a point of pride.
Delivers ~13% Net Sales Growth
Company Updates 2026 Outlook; Raises Net Sales Guidance
BEDMINSTER, N.J., May 06, 2026 (GLOBE NEWSWIRE) -- Freshpet, Inc. (“Freshpet” or the “Company”) (Nasdaq: FRPT) today reported financial results for its first quarter ended March 31, 2026.
First Quarter 2026 Financial Highlights Compared to Prior Year Period
Net sales of $297.6 million, an increase of 13.1%.Gross margin of 40.5%, compared to the prior year period of 39.4%.Adjusted Gross Margin of 46.9%, compared to the prior year period of 45.7%.1Net income of $48.5 million, compared to the prior year period net loss of $12.7 million.Adjusted EBITDA of $37.9 million, compared to the prior year period of $35.5 million.1
"We are encouraged by our strong start to 2026, delivering first quarter sales growth in excess of our 2026 guidance and reinforcing our confidence in Freshpet's long-term growth opportunity. Our performance reflects the strength of our differentiated product offerings, our manufacturing scale and expertise, our extensive omnichannel marketing and distribution capabilities, and our ability to adapt in a dynamic environment to drive market share gains and lead the growing fresh pet food segment," commented Billy Cyr, Freshpet’s Chief Executive Officer. "As strong as our performance is, we remain mindful of ongoing macroeconomic volatility and inflation. We are modestly raising our net sales guidance to reflect our strong start to the year, while balancing broader economic risks. We have a large and expanding addressable market, continued momentum with customers and consumers, and early progress on our operational and technology initiatives. We believe we are well positioned to drive sustainable, profitable growth and long-term value creation while fulfilling our mission to help dogs and cats live longer, happier lives with the people who love them."
First Quarter 2026
Net sales increased 13.1% to $297.6 million for the first quarter of 2026, compared to $263.2 million in the prior year period. The increase in net sales was primarily driven by volume gains of 14.6%, partially offset by unfavorable price/mix of 1.5%.
Gross profit was $120.7 million, or 40.5% as a percentage of net sales, for the first quarter of 2026, compared to $103.8 million, or 39.4% as a percentage of net sales, in the prior year period. Gross profit as a percentage of net sales increased primarily due to lower input costs and improved leverage on plant expenses. For the first quarter of 2026, Adjusted Gross Profit was $139.6 million, or 46.9% as a percentage of net sales, compared to $120.2 million, or 45.7% as a percentage of net sales, in the prior year period.1
Selling, general and administrative expenses (“SG&A”) were $116.3 million, or 39.1% as a percentage of net sales, for the first quarter of 2026, compared to $115.3 million, or 43.8% as a percentage of net sales, in the prior year period. SG&A as a percentage of net sales decreased primarily due to a decrease in non-recurring charges that occurred in the first quarter of 2025, partially offset by increased media spend as a percentage of net sales. Adjusted SG&A for the first quarter of 2026 was $101.7 million, or 34.2% as a percentage of net sales, compared to $84.7 million, or 32.2% as a percentage of net sales, in the prior year period.1
Net income was $48.5 million for the first quarter of 2026 compared to a net loss of $12.7 million in the prior year period. The increase in net income was due to the gain on equity investment as a result of the sale of 100% of our non-controlling interest in a privately held company following its acquisition by a third party, contributions from higher sales, and decreased non-recurring SG&A charges, partially offset by the increase in income tax expense.
Adjusted EBITDA was $37.9 million for the first quarter of 2026 compared to $35.5 million in the prior year period.1 The increase in Adjusted EBITDA was a result of increased Adjusted Gross Profit, partially offset by higher Adjusted SG&A.
Balance Sheet
As of March 31, 2026, the Company had cash and cash equivalents of $381.4 million with $397.9 million of debt outstanding, net of $4.6 million of unamortized debt issuance costs. Cash and cash equivalents increased $103.4 million compared to $278.0 million as of December 31, 2025, primarily as a result of the $95.5 million of cash proceeds received from the sale of our equity investment. For the quarter ended March 31, 2026, cash from operations was $40.3 million, an increase of $35.5 million compared to the prior year period.
The Company will utilize its balance sheet to support its ongoing capital needs in connection with its long-term capacity plan.
Outlook
For full year 2026, the Company is updating its guidance and now expects the following:
Net sales growth in the range of 8% to 11%, compared to an increase of 7% to 10% in the previous guidance;Adjusted EBITDA in the range of $205 million to $215 million, unchanged from the previous guidance; andPositive free cash flow with capital expenditures of ~$150 million, unchanged from the previous guidance.
The Company does not provide guidance for net income, the U.S. GAAP measure most directly comparable to Adjusted EBITDA, and similarly cannot provide a reconciliation between its forecasted Adjusted EBITDA and net income metrics without unreasonable effort due to the unavailability of reliable estimates for certain components of net income and the respective reconciliations, including the timing of and amount of costs of goods sold and selling, general and administrative expenses. These items are not within the Company's control and may vary greatly between periods and could significantly impact future results.
Conference Call & Earnings Presentation Webcast Information
As previously announced, today, May 6, 2026, the Company will host a conference call beginning at 8:00 a.m. Eastern Time with members of its leadership team. The conference call webcast will be available live over the Internet through the "Investors" section of the Company's website at www.freshpet.com. To participate on the live call, listeners in North America may dial (877) 407-0792 and international listeners may dial (201) 689-8263; the passcode is 13760132.
About Freshpet
Freshpet's mission is to help dogs and cats live longer, happier, healthier lives with the people who love them. Developed by on-staff Veterinary Nutritionists, Veterinarians and Food Scientists, recipes are made from whole ingredients, like fresh meats, vegetables and fruits, and are cooked in small batches at lower temperatures to preserve their natural goodness and made at our Freshpet Kitchens. Freshpet foods and treats are kept refrigerated until they arrive at Freshpet Fridges in local markets or delivered directly to consumers.
Freshpet is available in select grocery, mass, digital, pet specialty, and club retailers across the United States, Canada and Europe, as well as online in the U.S. From the care they take to source their ingredients and make their food, to the moment it reaches your home, Freshpet's commitment to integrity, transparency and social responsibility is a point of pride.
Forward Looking Statements
Certain statements in this press release constitute “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are based on our current expectations and assumptions. These include statements regarding our confidence in Freshpet's long-term growth opportunity, our net sales guidance, our position to drive sustainable, profitable growth and long-term value. Such statements are subject to risks and uncertainties that could cause actual results to differ materially from those discussed in the forward-looking statements including, but not limited to, those identified in connection with such statements, the implementation of our new technologies in the time frame, at the rate, at the cost, or with anticipated efficiencies and impact on product quality we expect, economic uncertainty, changes in rates of pet acquisition, the launch of new competitive products, impact of tariffs, fuel, energy and ingredient pricing, effectiveness of media campaigns, success rate of new chillers, and most prominently, the risks discussed under the heading "Risk Factors" in the Company's latest annual report on Form 10-K and in quarterly reports on Form 10-Q filed with the Securities and Exchange Commission. Such forward-looking statements are made only as of the date of this release. Freshpet undertakes no obligation to publicly update or revise any forward-looking statement because of new information, future events or otherwise, except as otherwise required by law. If we do update one or more forward-looking statements, no inference should be made that we will make additional updates with respect to those or other forward-looking statements.
Non-GAAP Financial Measures
Freshpet uses the following non-GAAP financial measures in its financial communications. These non-GAAP financial measures should be considered as supplements to the U.S. GAAP reported measures, should not be considered replacements for, or superior to, the U.S. GAAP measures and may not be comparable to similarly named measures used by other companies. Such financial measures are not financial measures prepared in accordance with U.S. GAAP.
Adjusted Gross ProfitAdjusted Gross Profit as a percentage of net sales (Adjusted Gross Margin)Adjusted SG&A ExpensesAdjusted SG&A Expenses as a percentage of net salesEBITDAAdjusted EBITDAAdjusted EBITDA as a percentage of net sales (Adjusted EBITDA Margin)Free Cash Flow Adjusted Gross Profit: Freshpet defines Adjusted Gross Profit as gross profit before depreciation expense, non-cash share-based compensation and loss on disposal of manufacturing equipment.
Adjusted SG&A Expenses: Freshpet defines Adjusted SG&A as SG&A expenses before depreciation and amortization expense, non-cash share-based compensation, loss on disposal of equipment, distributor transition costs, legal obligation and international business charges.
EBITDA and Adjusted EBITDA: EBITDA represents net income (loss) plus depreciation and amortization expense, interest expense net of interest income and income tax expense, and Adjusted EBITDA represents EBITDA less gain on equity investment, plus non-cash share-based compensation expense, loss on disposal of property, plant and equipment, distributor transition costs, legal obligation, and international business charges.
Free Cash Flow: Freshpet defines Free Cash Flow as net cash flows provided by operating activities less capital expenditures.
Management believes that the non-GAAP financial measures are meaningful to investors because they provide a view of the Company with respect to ongoing operating results. The non-GAAP financial measures are shown as supplemental disclosures in this release because they are widely used by the investment community for analysis and comparative evaluation. They also provide additional metrics to evaluate the Company’s operations and, when considered with both the Company’s GAAP results and the reconciliation to their most directly comparable U.S. GAAP measures, provide a more complete understanding of the Company’s business than could be obtained absent this disclosure. The non-GAAP measures are not and should not be considered an alternative to the most directly comparable U.S. GAAP measures or any other figure calculated in accordance with U.S. GAAP, or as an indicator of operating performance. The Company’s calculation of the non-GAAP financial measures may differ from methods used by other companies. Management believes that the non-GAAP measures are important to an understanding of the Company's overall operating results in the periods presented. The non-GAAP financial measures are not recognized in accordance with U.S. GAAP and should not be viewed as an alternative to U.S. GAAP measures of performance.
FRESHPET, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited, in thousands, except per share data)
March 31,
2026 December 31,
2025ASSETS CURRENT ASSETS: Cash and cash equivalents$381,381 $277,975 Accounts receivable, net of allowance for doubtful accounts 65,370 63,762 Inventories, net 80,588 76,766 Prepaid expenses 7,338 9,807 Other current assets 7,115 7,404 Total Current Assets 541,792 435,714 Property, plant and equipment, net 1,143,589 1,138,671 Operating lease right of use assets 65,596 66,424 Long term investment in equity securities — 33,446 Deferred tax assets, net 52,824 68,893 Other assets 35,378 34,627 Total Assets$1,839,179 $1,777,775 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable$35,463 $42,429 Accrued expenses 47,504 31,610 Current operating lease liabilities 2,336 2,241 Current finance lease liabilities 2,346 2,315 Total Current Liabilities$87,649 $78,595 Convertible senior notes 397,884 397,330 Long term operating lease liabilities 64,412 65,023 Long term finance lease liabilities 27,060 28,075 Deferred tax liabilities, net 111 93 Total Liabilities$577,116 $569,116 Commitments and contingencies — — STOCKHOLDERS' EQUITY: Common stock — voting, $0.001 par value, 200,000 shares authorized, 49,155 issued and 49,141 outstanding on March 31, 2026, and 48,985 issued and 48,970 outstanding on December 31, 2025 49 49 Additional paid-in capital 1,356,890 1,351,201 Accumulated deficit (94,161) (142,669)Accumulated other comprehensive (loss) income (459) 334 Treasury stock, at cost — 14 shares on March 31, 2026, and on December 31, 2025 (256) (256)Total Stockholders' Equity 1,262,063 1,208,659 Total Liabilities and Stockholders' Equity$1,839,179 $1,777,775 FRESHPET, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS)
(Unaudited, in thousands, except per share data)
For the Three Months Ended
March 31, 2026 2025 NET SALES$297,644 $263,249 COST OF GOODS SOLD 176,970 159,461 GROSS PROFIT 120,674 103,788 SELLING, GENERAL, AND ADMINISTRATIVE EXPENSES 116,343 115,285 INCOME (LOSS) FROM OPERATIONS 4,331 (11,497)OTHER INCOME (EXPENSES): Interest and Other Income, net 2,883 2,393 Interest Expense (3,586) (3,459)Gain on Equity Investment 62,013 — TOTAL OTHER INCOME (EXPENSES) 61,310 (1,066)INCOME (LOSS) BEFORE INCOME TAXES 65,641 (12,563)INCOME TAX EXPENSE 17,133 134 INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS$48,508 $(12,697)OTHER COMPREHENSIVE (LOSS) INCOME: Change in foreign currency translation$(793) $211 TOTAL OTHER COMPREHENSIVE (LOSS) INCOME (793) 211 TOTAL COMPREHENSIVE INCOME (LOSS)$47,715 $(12,486)NET INCOME (LOSS) PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS -BASIC$0.99 $(0.26)-DILUTED$0.91 $(0.26)WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING -BASIC 49,062 48,733 -DILUTED 56,060 48,733 FRESHPET, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited, in thousands)
For the Three Months Ended
March 31, 2026 2025 CASH FLOWS FROM OPERATING ACTIVITIES: Net income (loss)$48,508 $(12,697)Adjustments to reconcile net income (loss) to net cash flows provided by operating activities: Provision for loss on accounts receivable — 11,452 Loss on disposal of property, plant and equipment 126 744 Share-based compensation 9,137 8,816 Depreciation and amortization 24,990 21,827 Amortization of deferred financing costs 554 535 Change in operating lease right of use asset 828 309 Deferred income taxes 16,089 — Gain on equity investment (62,013) — Changes in operating assets and liabilities: Accounts receivable (1,407) (5,609)Inventories (3,149) (2,952)Prepaid expenses and other current assets 544 688 Other assets (1,334) (1,102)Accounts payable (8,128) 4,574 Accrued expenses 16,100 (21,461)Operating lease liability (516) (317)Net cash flows provided by operating activities 40,329 4,807 CASH FLOWS FROM INVESTING ACTIVITIES: Proceeds from sale of equity investment 95,459 — Acquisitions of property, plant and equipment, software and deposits on equipment (27,599) (26,491)Net cash flows provided by (used in) investing activities 67,860 (26,491)CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from exercise of options to purchase common stock 743 157 Tax withholdings related to net shares settlements of restricted stock units (4,542) (2,861)Principal payments under finance lease obligations (984) (513)Net cash flows used in financing activities (4,783) (3,217)NET CHANGE IN CASH AND CASH EQUIVALENTS 103,406 (24,901)CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 277,975 268,633 CASH AND CASH EQUIVALENTS, END OF PERIOD$381,381 $243,732 FRESHPET, INC. AND SUBSIDIARIES
RECONCILIATION BETWEEN GROSS PROFIT AND ADJUSTED GROSS PROFIT
Three Months Ended
March 31, 2026 2025 (Dollars in thousands)Gross profit$120,674 $103,788 Depreciation expense 17,298 15,179 Non-cash share-based compensation 1,588 1,283 Loss (gain) on disposal of manufacturing equipment 12 (5)Adjusted Gross Profit$139,572 $120,245 Adjusted Gross Profit as a % of Net Sales 46.9% 45.7% FRESHPET, INC. AND SUBSIDIARIES
RECONCILIATION BETWEEN SG&A EXPENSES AND ADJUSTED SG&A EXPENSES
Three Months Ended
March 31, 2026 2025 (Dollars in thousands)SG&A expenses$116,343 $115,285 Depreciation and amortization expense 6,980 5,937 Non-cash share-based compensation (a) 7,549 7,533 Loss on disposal of equipment 114 166 Distributor transition costs (b) — 10,680 Legal obligation (c) — 4,987 International business charges (d) — 1,273 Adjusted SG&A Expenses$101,700 $84,709 Adjusted SG&A Expenses as a % of Net Sales 34.2% 32.2% (a)Includes true-ups to share-based compensation expense. We have certain outstanding share-based awards with performance-based vesting conditions that require the achievement of certain Adjusted EBITDA margins, Adjusted EBITDA and/or Net Sales targets as a condition of vesting. At each reporting period, we reassess the probability of achieving the performance criteria and the performance period required to meet those targets. When the probability of achieving such performance conditions changes, the compensation cost previously recorded is adjusted as needed. When such performance conditions are deemed to be improbable of achievement, the compensation cost previously recorded is reversed.(b)Represents a non-recurring loss as a result of an accounts receivable write-off in connection with the liquidation of one of our pet specialty distributors. Concurrent with its liquidation, we transitioned to a new distribution partner, who is a leading pet specialty distributor and who we anticipate will facilitate sales to pet specialty stores. Thus, despite the transitory impact during the first quarter of 2025, our ability to continue to generate sales is consistent with what we would expect to generate within the pet specialty channel.(c)Represents the net settlement charges for all claims related to the litigation with Phillips.(d)Represents termination costs due to a business change in our international go-to-market strategy. FRESHPET, INC. AND SUBSIDIARIES
RECONCILIATION BETWEEN NET INCOME (LOSS) AND ADJUSTED EBITDA
Three Months Ended
March 31, 2026 2025 (Dollars in thousands)Net income (loss)$48,508 $(12,697)Depreciation and amortization 24,278 21,116 Interest expense, net of interest income 705 1,064 Income tax expense 17,133 134 EBITDA 90,624 9,617 Non-cash share-based compensation (a) 9,137 8,816 Loss on disposal of property, plant and equipment 126 161 Gain on equity investment (62,013) — Distributor transition costs (b) — 10,680 Legal obligation (c) — 4,987 International business charges (d) — 1,273 Adjusted EBITDA$37,874 $35,534 Adjusted EBITDA as a % of Net Sales 12.7% 13.5%(a)Includes true-ups to share-based compensation expense. We have certain outstanding share-based awards with performance-based vesting conditions that require the achievement of certain Adjusted EBITDA margins, Adjusted EBITDA and/or Net Sales targets as a condition of vesting. At each reporting period, we reassess the probability of achieving the performance criteria and the performance period required to meet those targets. When the probability of achieving such performance conditions changes, the compensation cost previously recorded is adjusted as needed. When such performance conditions are deemed to be improbable of achievement, the compensation cost previously recorded is reversed.(b)Represents a non-recurring loss as a result of an accounts receivable write-off in connection with the liquidation of one of our pet specialty distributors. Concurrent with its liquidation, we transitioned to a new distribution partner, who is a leading pet specialty distributor and who we anticipate will facilitate sales to pet specialty stores. Thus, despite the transitory impact during the first quarter of 2025, our ability to continue to generate sales is consistent with what we would expect to generate within the pet specialty channel.(c)Represents the net settlement charges for all claims related to the litigation with Phillips.(d)Represents termination costs due to a business change in our international go-to-market strategy. FRESHPET, INC. AND SUBSIDIARIES
RECONCILIATION BETWEEN NET CASH FLOWS PROVIDED BY OPERATING ACTIVITIES AND FREE CASH FLOW
Three Months Ended
March 31, 2026 2025 (Dollars in thousands)Net cash flows provided by operating activities$40,329 $4,807 less: capital expenditures2 (27,599) (26,491)Free Cash Flow$12,730 $(21,684) 1 Adjusted Gross Margin, Adjusted Gross Profit, Adjusted SG&A, Adjusted EBITDA and Free Cash Flow are non-GAAP financial measures. See "Non-GAAP Measures" for how the Company defines these measures and the financial tables that accompany this release for reconciliations of these measures to the closest comparable GAAP measures.
2 Capital expenditures is equivalent to the amount included in "Acquisitions of property, plant and equipment, software and deposits on equipment" on our Consolidated Statements of Cash Flows for the reported period.
Freshpet (FRPT - Free Report) came out with quarterly earnings of $0.04 per share, missing the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.09 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -36.00%. A quarter ago, it was expected that this seller of refrigerated fresh pet food would post earnings of $0.43 per share when it actually produced earnings of $0.64, delivering a surprise of +48.84%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Freshpet, which belongs to the Zacks Food - Miscellaneous industry, posted revenues of $297.64 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 2.28%. This compares to year-ago revenues of $263.25 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Freshpet shares have lost about 1.3% since the beginning of the year versus the S&P 500's gain of 6%.
What's Next for Freshpet?While Freshpet has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Freshpet 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 $0.22 on $291.85 million in revenues for the coming quarter and $1.25 on $1.2 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, Food - Miscellaneous is currently in the bottom 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, US Foods (USFD - Free Report) , is yet to report results for the quarter ended March 2026. The results are expected to be released on May 7.
This company is expected to post quarterly earnings of $0.82 per share in its upcoming report, which represents a year-over-year change of +20.6%. The consensus EPS estimate for the quarter has been revised 0.2% lower over the last 30 days to the current level.
US Foods' revenues are expected to be $9.71 billion, up 3.8% from the year-ago quarter.
During the quarter, we initiated new Garden positions in Onto Innovation, Baldwin Group and Freshpet. In addition to Compass, we added to our positions in Ollie's Bargain Outlet and Flowserve during the quarter. We ended our investment campaigns in Penumbra, JBT Marel and Parsons during the quarter.
Freshpet's moat continues to support top-line growth, making the current price an appealing BUY opportunity. Household penetration and expanding distribution capabilities should provide revenue and EBITDA expectation beats in the next few quarters. Even with competition from private-label products, Freshpet's product offerings remain the market favorite in the refrigerated dog food segment.
On May 13, 2026, Freshpet Inc (FRPT) shares fell 5.2% to a current price of $48.63. This decline is part of a broader downward trend, as the stock has decreased
What happenedAccording to an SEC filing dated May 13, 2026, Champlain Investment Partners, LLC, sold its entire position in Freshpet (FRPT +1.26%) by disposing of 1,776,396 shares during the first quarter. The estimated transaction value was $124.82 million, calculated using the quarter’s average unadjusted closing price. The quarter-end value of the stake decreased by $108.24 million, reflecting both the trade and price movement.
What else to knowChamplain’s full exit from Freshpet reduced the position from 1.1% of AUM last quarter to zero.
Top holdings after the filing:Tradeweb Markets: $172.90 million (2.2% of AUM)Penumbra: $161.36 million (2.1% of AUM)EOG Resources: $153.19 million (1.9% of AUM)Synopsis: $152.57 million (1.9% of AUM)Nutanix: $152.43 million (1.9% of AUM)As of May 14, 2026, shares were priced at $49.34, down 36.2% over one year, underperforming the S&P 500 by 64 percentage points.
Company overviewMetricValueRevenue (TTM)$1.14 billionNet income (TTM)$200.34 millionMarket capitalization$2.39 billionPrice (as of market close May 14, 2026)$49.34Company snapshotFreshpet:
Produces and markets natural fresh meals and treats for dogs and cats, primarily under the Freshpet, Dognation, and Dog Joy brandsGenerates revenue through retail distribution in grocery, mass, club, pet specialty, natural stores, and online channelsTargets pet owners in the United States, Canada, and Europe seeking high-quality, refrigerated pet food productsFreshpet focuses on providing minimally processed, refrigerated pet food products to health-conscious consumers, leveraging a multi-channel retail presence to drive brand visibility and customer loyalty.
What this transaction means for investorsIt looks like Champlain first purchased Freshpet in Q1 2019, while it was around $35 or $40. The stock soared above $150 a couple of times on hype from the pandemic-aided boom and strong growth it saw at the time, but has since dropped back down below $50 as the market reeled in Freshpet’s valuation. Following this dramatic decline, it looks like Champlain is washing its hands of the stock amid its steep underperformance.
However, I’d argue that Freshpet’s valuation might finally make sense for investors interested in the stock. Briefly trading at 22 times sales following the pandemic-aided boom, Freshpet currently trades at just 13 times EBITDA. Best yet for investors, the company has been profitable for two straight years and finally reached breakeven FCF generation this year, showing an ability to streamline its operations that hadn’t been seen before.
That said, Freshpet not only manufactures its products and controls much of its refrigerated supply chain, but also provides refrigerators to its retail customers, which consistently weighs on FCF. If the company can stick the landing with its vertically integrated model, it could pay ample dividends down the road. Investors have yet to really see this pay off, though, and that may be why Champlain finally liquidated its position.
All in all, I’m not ready to give up on Freshpet, but I’m not rushing to buy shares either. I’m happy to keep it on my watch list and see if its margins continue to improve. Selling to over 16 million households -- and with its digital orders growing by 43% in its last quarter -- Freshpet could be a steal if its improving margins are here to stay.
Josh Kohn-Lindquist has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Freshpet and Synopsys. The Motley Fool recommends EOG Resources, Nutanix, and Penumbra. The Motley Fool has a disclosure policy.
BEDMINSTER, N.J., May 19, 2026 (GLOBE NEWSWIRE) -- Freshpet, Inc. (“Freshpet” or the “Company”) (Nasdaq: FRPT) today announced that members of the executive management team will participate in the Deutsche Bank Global Consumer Conference in Paris, France.
The presentation will be on Tuesday, June 2, 2026 at 2:00 p.m. CEST / 8:00 a.m. EDT. A live webcast and replay will be available on the "Investors" section of the Company's website at www.freshpet.com.
About Freshpet
Freshpet's mission is to help dogs and cats live longer, happier, healthier lives with the people who love them. Developed by on-staff Veterinary Nutritionists, Veterinarians and Food Scientists, recipes are made from whole ingredients, like fresh meats, vegetables and fruits, and are cooked in small batches at lower temperatures to preserve their natural goodness and made at our Freshpet Kitchens. Freshpet foods and treats are kept refrigerated until they arrive at Freshpet Fridges in local markets or delivered directly to consumers.
Freshpet is available in select grocery, mass, digital, pet specialty, and club retailers across the United States, Canada and Europe, as well as online in the U.S. From the care they take to source their ingredients and make their food, to the moment it reaches your home, Freshpet's commitment to integrity, transparency and social responsibility is a point of pride. To learn more, visit www.freshpet.com.
BEDMINSTER, N.J., May 21, 2026 (GLOBE NEWSWIRE) -- Freshpet, Inc. (“Freshpet” or the “Company”) (Nasdaq: FRPT) today announced that its Board of Directors has authorized the Company to repurchase up to $150 million of its common stock.
“Our Board’s approval of this share repurchase program reflects our strong financial position and balance sheet,” commented John O’Connor, Chief Financial Officer. “Investing in our business to capture the large and growing opportunity in fresh pet food remains our highest priority for capital deployment. With proceeds from the sale of our equity investment in Ollie, efficiencies from our operations, and positive free cash flow, we have the financial flexibility to invest in new technologies, capabilities, and innovation to extend our leadership position and fuel our growth, while simultaneously returning capital to shareholders when we believe our stock trades below intrinsic value.”
The share repurchase authorization is effective immediately, does not have a fixed expiration date, does not obligate Freshpet to repurchase any specific number of shares and may be suspended or discontinued at any time. It permits shares to be repurchased from time to time at management's discretion through a variety of methods, including a 10b5-1 trading plan, open market purchases, privately negotiated transactions, or transactions otherwise in compliance with Rule 10b-18 under the Securities Exchange Act of 1934, as amended. The timing and number of shares repurchased will depend on a variety of factors, including price, general business, economic and market conditions, alternative investment opportunities, and funding considerations. The Company intends to fund the repurchases with existing cash, future cash flow from operations, future borrowings or other sources of cash at the Company’s discretion.
About Freshpet
Freshpet's mission is to help dogs and cats live longer, happier, healthier lives with the people who love them. Developed by on-staff Veterinary Nutritionists, Veterinarians and Food Scientists, recipes are made from whole ingredients, like fresh meats, vegetables and fruits, and are cooked in small batches at lower temperatures to preserve their natural goodness and made at our Freshpet Kitchens. Freshpet foods and treats are kept refrigerated until they arrive at Freshpet Fridges in local markets or delivered directly to consumers.
Freshpet is available in select grocery, mass, digital, pet specialty, and club retailers across the United States, Canada and Europe, as well as online in the U.S. From the care they take to source their ingredients and make their food, to the moment it reaches your home, Freshpet's commitment to integrity, transparency and social responsibility is a point of pride. To learn more, visit www.freshpet.com.
Connect with Freshpet:
https://www.facebook.com/Freshpet
https://x.com/Freshpet
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Forward Looking Statements
Certain statements in this press release constitute “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are based on our current expectations and assumptions. These include statements regarding the amount, timing and manner of share repurchases, our confidence in Freshpet's long-term growth opportunity, our position to drive sustainable, profitable growth and long-term value. Such statements are subject to risks and uncertainties that could cause actual results to differ materially from those discussed in the forward-looking statements including, but not limited to, those identified in connection with such statements, the implementation of our new technologies in the time frame, at the rate, at the cost, or with anticipated efficiencies and impact on product quality we expect, economic uncertainty, changes in rates of pet acquisition, the launch of new competitive products, impact of tariffs, fuel, energy and ingredient pricing, effectiveness of media campaigns, success rate of new chillers, and most prominently, the risks discussed under the heading "Risk Factors" in the Company's latest annual report on Form 10-K and in quarterly reports on Form 10-Q filed with the Securities and Exchange Commission. Such forward-looking statements are made only as of the date of this release. Freshpet undertakes no obligation to publicly update or revise any forward-looking statement because of new information, future events or otherwise, except as otherwise required by law. If we do update one or more forward-looking statements, no inference should be made that we will make additional updates with respect to those or other forward-looking statements.
On May 21, 2026, Freshpet Inc (FRPT) shares rose 6.1% to a current price of $51.31. The stock has experienced a volatile performance, with a 52-week range betwe
NEW YORK, May 22, 2026 (GLOBE NEWSWIRE) -- Lowey Dannenberg P.C., a top complex litigation law firm, is investigating Freshpet Inc. (NASDAQ: FRPT) (“Freshpet” or the “Company”) for potential violations of the federal securities laws.
On March 16, 2026, BBB National Programs issued a press release announcing that "BBB National Programs' National Advertising Division [NAD] found certain Freshpet, Inc. dog food claims supported, but recommended [that claims] that its dog food is 'human grade' be discontinued." Per the press release, "Freshpet stated that it 'will comply with the NAD's recommendation.'" Our investigation concerns whether the company and its executives provided investors with accurate and complete information about the company,” said attorney Andrea Farah, Lowey Dannenberg, P.C. partner and head of the firm’s securities practice.
If you suffered a loss of more than $50,000 in Freshpet securities, and wish to participate, or learn more about your eligibility, click here, or contact our attorneys Andrea Farah ([email protected]) at (914)733-7256 or Vincent R. Cappucci Jr. ([email protected]) at (914)733-7278.
About Lowey Dannenberg
Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has previously recovered billions of dollars on behalf of investors.
Contact
Lowey Dannenberg P.C.
44 South Broadway, Suite 1100
White Plains, NY 10601
Tel: (914) 733-7256
Email: [email protected]
On June 08, 2026, Freshpet Inc (FRPT) shares rose 3.4% to a current price of $51.40. The stock has seen a 52-week range between $46.45 and $86.00, reflecting si
Key Takeaways KLA Q3 fiscal 2026 revenues rose 11% YoY as Semiconductor Process Control sales climbed 13%.KLAC expects wafer fabrication equipment spending to exceed $140 billion in fiscal 2026.KLA projects advanced packaging revenues to surpass $1 billion amid rising AI chip demand. KLA Corporation (KLAC - Free Report) appears well-positioned to capitalize on the semiconductor industry’s next wave of greenfield fab investments, driven largely by booming AI infrastructure demand and expanding memory capacity requirements. Its strong exposure to process control intensity at advanced nodes could become a major catalyst for multi-year revenue growth.
In the fiscal third quarter of 2026, KLA reported revenues of $3.42 billion, up 11% year over year, while adjusted earnings rose to $9.40 per share from $8.41 a year ago. Semiconductor Process Control revenues climbed 13% year over year to $3.08 billion, accounting for roughly 90% of total sales.
Management highlighted that greenfield opportunities across DRAM and NAND are expected to increase into 2027, supported by persistent AI-driven demand for high-bandwidth memory and advanced logic chips. KLA also noted that process control intensity is rising as chipmakers adopt increasingly complex architectures, larger die sizes and advanced packaging technologies. Importantly, KLAC expects the wafer fabrication equipment market to exceed $140 billion in 2026, continuing to outgrow the broader market through share gains and higher adoption of process control. Its advanced packaging business is also seeing rapid traction, with management expecting revenues from the segment to surpass $1 billion this year.
Beyond growth, KLA continues to generate robust free cash flow, enabling aggressive shareholder returns. The company recently announced a 21% dividend hike alongside an additional $7 billion share repurchase authorization, signaling confidence in its long-term growth trajectory.
KLA, Onto Innovation & Applied Materials Battle for Chip Tool SupremacyKLA continues to strengthen its leadership in the semiconductor equipment market, particularly in wafer inspection, metrology and advanced packaging process control systems. Amid such an environment, it faces substantial competition from key market players, including Onto Innovation Inc. (ONTO - Free Report) and Applied Materials, Inc. (AMAT - Free Report) .
Onto Innovation remains a key player in specialty metrology and advanced packaging inspection solutions, especially in heterogeneous integration and panel-level packaging applications. Meanwhile, Applied Materials leverages its broad semiconductor equipment portfolio, spanning deposition, etch and packaging technologies to capitalize on rising fab investments globally.
As semiconductor manufacturers ramp greenfield fabs and adopt advanced architectures, competition across inspection, yield management and packaging technologies is intensifying, creating long-term growth opportunities for KLA, Onto Innovation and Applied Materials.
KLAC Stock’s Price Performance & Valuation TrendShares of this California-based equipment manufacturer have appreciated 58.7% year to date, outperforming the Zacks Electronics - Miscellaneous Products industry, the Zacks Computer & Technology sector and the S&P 500 Index.
Image Source: Zacks Investment Research
KLAC stock is currently trading at a premium compared with its industry peers, with a forward 12-month price-to-earnings (P/E) ratio of 39.62, as shown in the chart below.
Image Source: Zacks Investment Research
Earnings Estimate Trend of KLACFor fiscal 2026 and fiscal 2027, the Zacks Consensus Estimate for KLAC’s earnings has moved up over the past 30 days by 1.1% and 4.9%, respectively. The estimated figures for fiscal 2026 and fiscal 2027 reflect year-over-year increases of 11.4% and 34.3%, respectively.
Image Source: Zacks Investment Research
KLA currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
It has been about a month since the last earnings report for KLA (KLAC - Free Report) . Shares have added about 10.1% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is KLA due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.
KLA Q3 Earnings Surpass Estimates, Revenues Increase Y/YKLA Corporation reported fiscal third-quarter 2026 non-GAAP earnings of $9.40 per share, up 11.8% year over year, beating the Zacks Consensus Estimate by 2.60%.
Revenue rose 11.5% year over year to $3.42 billion and topped the consensus mark by about 0.91%. A key industry datapoint supporting the quarter’s tone was KLA’s process control market leadership.
KLAC Segment Mix Shows Broad-Based DemandSemiconductor Process Control remained the clear engine of results. Segment revenue totaled $3.08 billion (90.3% of total revenues), up 12.6% year over year and 3% sequentially, underscoring solid demand across inspection, metrology and related services.
Within Semiconductor Process Control, the company described end-market mix as roughly 62% foundry/logic and 38% memory on a systems basis.
Specialty Semiconductor Process revenues (4.8% of total revenues) were $164 million, up 5% year over year and 17% sequentially.
PCB and Component Inspection revenues (4.9% of total revenues) decreased 1% year over year to $167 million but increased 10% on a sequential basis.
KLAC Top-Line DetailsProduct revenues (which accounted for 77.3% of total revenues) rose 10.3% year over year to $2.64 billion. Service revenues (22.7% of total revenues) increased 15.8% year over year to $775 million.
In terms of major products, Wafer Inspection and Patterning Systems (including metrology and reticle inspection) accounted for 51% and 18%, respectively, of KLA’s total revenues in the fiscal third quarter.
Wafer Inspection revenues increased 16% year over year and 11% sequentially to $1.74 billion. Patterning revenues moved down 3% year over year and 12% sequentially to $615 million.
In terms of the regional breakdown of revenues, Taiwan and China led revenue contributions with 26% and 24%, respectively. Korea accounted for 20%, Japan 5% and North America 12%. Europe contributed 7%, whereas the remaining 6% came from the Rest of Asia.
KLAC Margin Profile Holds Firm Despite SpendIn the third quarter of fiscal 2026, the non-GAAP gross margin was 62.2%, 45 basis points above the midpoint of the guidance range.
Research and development (R&D) expenses increased 15% year over year to $388.8 million. As a percentage of revenues, R&D expenses decreased 30 basis points (bps) on a year-over-year basis to 11.4%.
Selling, general, and administrative (SG&A) expenses increased 17% year over year to $291.1 million. As a percentage of revenues, SG&A expenses increased 40 bps year over year to 8.5%.
The fiscal third-quarter non-GAAP operating expenses were $670 million.
The fiscal third-quarter non-GAAP operating margin was 42.6%.
KLAC Balance Sheet & Cash FlowAs of March 31, 2026, cash, cash equivalents, and marketable securities totaled $4.95 billion compared with $5.20 billion as of Dec. 31, 2025.
Long-term debt at the end of the fiscal third quarter was $5.88 billion, unchanged from the figure reported in the previous quarter.
Cash flow from operations was $707.5 million for the quarter, and free cash flow was $622.3 million, providing ample room for capital deployment.
KLA returned $874.8 million to shareholders in the fiscal third quarter, including $626 million in share repurchases and $249 million in dividends.
KLAC Provides Positive 4Q26 GuidanceFor the fourth quarter of fiscal 2026, KLA expects revenues of $3.575 billion plus or minus $200 million. The company’s non-GAAP earnings outlook is $9.87 plus or minus $1.00, with non-GAAP gross margin projected at 61.75% plus or minus 1%.
The outlook also included model assumptions that point to steady investment levels, with non-GAAP operating expenses expected to be around $665 million. KLA expects foundry/logic to represent approximately 82% of Semiconductor Process Control systems revenue to semiconductor customers in the June quarter, with memory at about 18%, reflecting a mix shift that could influence both revenue composition and near-term margin dynamics.
How Have Estimates Been Moving Since Then?It turns out, fresh estimates have trended upward during the past month.
VGM ScoresAt this time, KLA has a subpar Growth Score of D, however its Momentum Score is doing a bit better with a C. However, the stock was allocated a score of F on the value side, putting it in the lowest quintile for value investors.
Overall, the stock has an aggregate VGM Score of F. 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 KLA has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.
Performance of an Industry PlayerKLA belongs to the Zacks Electronics - Miscellaneous Products industry. Another stock from the same industry, Teradyne (TER - Free Report) , has gained 11.4% over the past month. More than a month has passed since the company reported results for the quarter ended March 2026.
Teradyne reported revenues of $1.28 billion in the last reported quarter, representing a year-over-year change of +87%. EPS of $2.56 for the same period compares with $0.75 a year ago.
For the current quarter, Teradyne is expected to post earnings of $1.99 per share, indicating a change of +249.1% from the year-ago quarter. The Zacks Consensus Estimate has changed +2.2% over the last 30 days.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #1 (Strong Buy) for Teradyne. Also, the stock has a VGM Score of D.
The information in this video is critical in making a decision regarding KLA Corporation (KLAC +4.19%).
*Stock prices used were the afternoon prices of May 23, 2026. The video was published on May 25, 2026.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.