Track market-moving stories before they get noisy

JERSEY CITY, N.J., June 23, 2026 (GLOBE NEWSWIRE) -- Year-over-year, the U.S. property/casualty (P&C) insurance industry’s financial performance improved through the first three months of 2026, according to Verisk (Nasdaq: VRSK), a leading strategic data analytics and technology partner to the global insurance industry, and the American Property Casualty Insurance Association (APCIA), the primary national trade association for home, auto and business insurers.

According to key financial indicators for private U.S. P&C insurers, the industry posted an estimated net underwriting gain of approximately $15.8 billion in Q1 2026, a strong rebound from the $864 million underwriting loss in Q1 2025, which was heavily impacted by large-scale catastrophe activity, including the Palisades and Eaton wildfires. Year-over-year industry financial volatility was similar in the first quarters of 2023 and 2024, swinging from a $7.8 billion loss to a $9.5 billion gain, respectively.

First-quarter results improved largely due to continued momentum in personal auto underwriting, alongside a more stable catastrophe experience relative to the prior year. Some carriers have returned personal auto premiums through elevated policyholder dividends, marking a shift from recent periods of auto rate increases. At the same time, broader market conditions are mixed and other lines of insurance continue to face pressure.

“Industry profitability improved in 2025 and the first quarter of 2026, driven largely by moderating inflation and an unusual respite from natural catastrophes over the past 12 months,” said Robert Gordon, senior vice president, policy, research and international, APCIA. “In good news for policyholders, premium increases continued to slow. Net written premium growth slowed sharply to 2.9 percent in Q1 2026, down from 9.6 percent in Q1 2024 and 6.8 percent in Q1 2025. When factoring in inflation and $6.2 billion returned to policyholders through dividends, written premiums have effectively declined in 2026.”

“Net income bounced back in Q1 2026 following a 50 percent decline in Q1 2025. At the same time, legal system abuse and rising claims severity continue to be among the industry’s most significant headwinds. States such as Florida that have enacted meaningful legal system abuse reforms are beginning to see progress, including stabilization and reductions in auto and homeowners’ insurance rates,” Gordon concluded.

Underwriting Industry Financial Results Through Q1 2026, Post-Policyholder Dividends

Written premiums: Net written premium growth slowed to 2.9 percent, compared to 6.8 percent during the same period in 2025.Earned premiums: Net earned premiums rose 3.8 percent, compared to 7.8 percent during the same period in 2025.Underwriting gain: The U.S. P&C insurance industry posted an estimated net underwriting gain of $15.8 billion, an improvement from the $864 million underwriting loss through the first three months of 2025.Incurred losses and loss adjustment expenses: Incurred losses and loss adjustment expenses decreased by 9.6 percent, compared to a 15.5 percent increase in Q1 2025. The combined ratio improved to 92.4 percent, down from 99.2 percent in the same period last year.Surplus: Policyholders’ surplus increased to $1.24 trillion from $1.09 trillion during the same period in 2025.Realized capital gains: Realized capital gains increased to $8.8 billion, compared to $3.7 billion in Q1 2025.Net income: Net income after taxes increased to $40.9 billion from $19.4 billion in Q1 2025. “First-quarter results reflected meaningful improvements, most notably in personal auto, but slower premium growth and continued pressure in casualty underscore an uneven recovery across the market,” said Saurabh Khemka, president of Verisk Underwriting Solutions. “Heading into the 2026 hurricane season, a critical focus for the industry is the potential for catastrophic activity to impact full-year performance. Profitability will need to hold through historically more active second and third quarters, as even in otherwise calm El Niño years, a single event can materially shift outcomes.”

Khemka added, “In today’s market, underwriting performance is increasingly defined by the quality and consistency of individual decisions. Carriers are using more granular data and AI to improve insight into how specific risks are selected, priced and managed across their portfolios, bringing greater discipline to underwriting at scale. That level of precision is critical not only for protecting margins, but for sustaining performance in the year ahead as conditions evolve.”

Note: The results above are based on quarterly statements filed with insurance regulators by private property/casualty insurers domiciled in the United States, including reinsurers, excess and surplus insurers, and domestic insurers owned by foreign parents, and excluding state funds for workers' compensation and other residual market insurers, the National Flood Insurance Program, and foreign insurers. The figures are consolidated estimates based on reports accounting for about 98 percent of all business written by U.S. property/casualty insurers. All figures are net of reinsurance unless otherwise noted and occasionally may not balance due to rounding. Net investment results displayed are post-tax.

About Verisk
Verisk (Nasdaq: VRSK) is a leading strategic data analytics and technology partner to the global insurance industry. It empowers clients to strengthen operating efficiency, improve underwriting and claims outcomes, combat fraud and make informed decisions about global risks, including climate change, catastrophic events, sustainability and political issues. Through advanced data analytics, software, scientific research and deep industry knowledge, Verisk helps build global resilience for individuals, communities and businesses. With teams across more than 20 countries, Verisk consistently earns certification by Great Place to Work. For more, visit Verisk.com and the Verisk Newsroom.

Multi-year engagement reinforces Infosys' leadership in AI-led managed services for complex, mission-critical IT operations

, /PRNewswire/ -- Infosys (NYSE: INFY), a global leader in AI–first business consulting and technology services, today announced an expanded multi-year collaboration with GlobalFoundries (NASDAQ: GFS) (GF), a leading semiconductor manufacturer, to deliver AI-led managed services across GF's  enterprise IT landscape.

Through this collaboration, Infosys will manage GF's end-to-end application, infrastructure, data and service desk operations. GF selected Infosys based on its proven track record as an incumbent technology provider and its deep semiconductor domain expertise. The engagement is designed to elevate GF's IT operations by transitioning from externally supported operations to a true managed services model driven by AI, automation, and continuous optimization.

Vishal Mehra, Chief Information Officer, GF, said, "The renewed collaboration marks a significant step forward in GF's journey to modernize IT operations and achieve higher levels of efficiency, resilience and user experience. As a leading global semiconductor manufacturer, we are committed to advancing our digital transformation to drive greater reliability and value. Collaborating with Infosys will help us equip our teams with next–generation capabilities to accelerate this transformation journey."

Anand Swaminathan, EVP & Global Industry Leader, Communications, Media & Technology, Infosys, said, "By combining our deep domain expertise, AI capabilities and an outcome-based operating model, we will help GF reduce incidents, improve end-user experiences and sustainably lower TCO over the long term. Infosys will unlock AI value at scale to play a central role in driving intelligent operations, helping GF transition from reactive IT management to predictive and autonomous service delivery."

About Infosys

Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY) is a global leader in AI first business consulting and technology services. Over 325,000 of our people work to amplify human potential and create the next opportunity for people, businesses, and communities. As navigators of enterprise transformation, we enable businesses in 63 countries to unlock AI value at scale. With over four decades of experience in managing the systems and workings of global enterprises, we accelerate business transformation through our AI-first value framework, deep domain expertise, and our unique ability to orchestrate innovations from our AI-native partner ecosystem. Infosys is recognised as the fastest growing IT services brand globally, committed to being a well-governed, environmentally sustainable partner for our clients where deep talent expertise, in an inclusive workplace, help them navigate their next.

Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.

Safe Harbor

Certain statements in this release concerning our future growth prospects, or our future financial or operating performance, are forward-looking statements intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, increased competition for talent, our ability to attract and retain personnel, increase in wages, investments to reskill our employees, our ability to effectively implement a hybrid work model, economic uncertainties and geo-political situations, technological disruptions and innovations such as artificial intelligence ("AI"), generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, our corporate actions including acquisitions, and cybersecurity matters. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2025. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.

Logo: https://mma.prnewswire.com/media/633365/5460444/Infosys_Logo.jpg

SOURCE Infosys

Key Takeaways COLM, OSW, UNFI, COCO and LTH are highlighted as health and fitness stocks for 2H 2026.OSW offers wellness, beauty, fitness and medi-spa services on cruise ships and on land.COCO and LTH project strong revenue and earnings growth, with estimates moving higher. Health and fitness companies benefit from consistent demand due to growing global awareness of health issues and the importance of physical fitness. This trend is supported by the rising rate of lifestyle-related diseases and a growing emphasis on preventive healthcare. 

Health and fitness companies focus on improving and maintaining physical well-being through products and services, including gym memberships, fitness equipment, nutritional supplements and wellness programs. 

Here, we recommend five Health and Fitness stocks with a favorable Zacks Rank that have flourished in the first half of 2026. Their favorable Zacks Rank indicates more price upside in the near term.

These stocks are: Columbia Sportswear Co. (COLM - Free Report) , OneSpaWorld Holdings Ltd. (OSW - Free Report) , United Natural Foods Inc. (UNFI - Free Report) , The Vita Coco Co. Inc. (COCO - Free Report) and Life Time Group Holdings Inc. (LTH - Free Report) . Each of our picks currently carries either a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The chart below shows the price performance of our five picks year to date.

Image Source: Zacks Investment Research

Columbia Sportswear Co.Zacks Rank #1 Columbia Sportswear shows momentum driven by its ACCELERATE strategy, which targets younger consumers through refreshed branding and strong digital marketing. COLM’s product innovation and brand elevation, alongside contributions from the prAna brand, support healthier demand and long-term growth potential. 

COLM’s Profit Improvement Program is focused on improving operational efficiency and cost discipline while sustaining investment in brand building. COLM’s financial health remains solid with no debt, strong cash levels, share repurchases and dividends.

Columbia Sportswear has an expected revenue and earnings growth rate of 2.6% and 4.6%, respectively, for the current year. The Zacks Consensus Estimate for the current year’s earnings has improved 3.8% over the last 30 days.

OneSpaWorld Holdings Ltd.Zacks Rank #2 OneSpaWorld Holdings is a provider and innovator in the fields of wellness, beauty, rejuvenation and transformation on cruise ships and on land in the United States and internationally. 

OSW’s service includes traditional and alternative massage, body and skincare treatment options, ayurvedic treatments, comprehensive hair and nail services, fitness, acupuncture, herbal medicine, pain management and medi-spa.

In addition, OSW offers products under the ELEMIS, Grown Alchemist, Kerastase, Keratin Complex, Thermage, Dysport, GoodFeet arch supports, Hyperice, and Megawhite teeth whitening brands.

OneSpaWorld Holdings has an expected revenue and earnings growth rate of 7.3% and 17.2%, respectively, for the current year. The Zacks Consensus Estimate for the current year’s earnings has improved 3.6% over the last 60 days.

United Natural Foods Inc.Zacks Rank #2 United Natural Foods has continued to deliver solid operational performance, supported by disciplined execution, efficiency initiatives and healthy demand for natural and specialty products. 

Ongoing efforts in network optimization, lean management and technology-driven supply-chain enhancements have improved UNFI’s productivity, margins and cash generation, while strengthening customer service and long-term competitiveness. 

UNFI’s private-brand innovation and demand for organic and fresh products continue to support growth. Improved cash flow and disciplined capital allocation have enhanced UNFI’s financial flexibility.

United Natural Foods has an expected revenue and earnings growth rate of 2.6% and 21.4%, respectively, for the next year (ending July 2027). The Zacks Consensus Estimate for next year’s earnings has improved 10.9% over the last 30 days.

The Vita Coco Co. Inc.Zacks Rank #1 The Vita Coco develops, manufactures, markets, and distributes coconut water products under the Vita Coco brand name in the United States, Canada, Europe, the Middle East, Africa, and the Asia Pacific.

COCO’s brands include coconut water, Vita Coco, clean energy drink Runa, sustainable enhanced water, Ever & Ever and protein-infused water, PWR LIFT. COCO distributes its products through club, food, drug, mass, convenience, e-commerce, and foodservice channels.

The Vita Coco has an expected revenue and earnings growth rate of 21.4% and 47.9%, respectively, for the current year. The Zacks Consensus Estimate for the current year’s earnings has improved 11.4% over the last 60 days.

Life Time Group Holdings Inc.Zacks Rank #2 Life Time Group provides health, fitness, and wellness experiences to a community of individual members in the United States and Canada. LTH reshaped the way consumers approach their health through omnichannel, healthy way of life communities that address all aspects of healthy living, healthy aging and healthy entertainment.

LTH has an expected revenue and earnings growth rate of 11.2% and 16%, respectively, for the current year. The Zacks Consensus Estimate for the current year’s earnings has improved 5% over the last 60 days.

Key Takeaways Valero's refining network spans the United States, Canada and the United Kingdom.Valero's complex Gulf Coast refining system and flexible operations support profitability amid volatility.Constrained refining capacity and low inventories are expected to support refining margins in the near term. Valero Energy (VLO - Free Report) is a well-known name in the refining space, with an extensive refining network across the United States, Canada and the UK. The company is also involved in the production of renewable fuels and ethanol. Valero’s strongest investment case lies in its highly complex refining system concentrated along the U.S. Gulf Coast and the operational flexibility of its refineries, as these factors enable it to sustain profitability across volatile market conditions.

Geopolitical conditions worldwide have caused significant volatility in global oil markets since the beginning of this year. Following recent talks between the United States and Iran in Switzerland, efforts are underway to facilitate the safe passage of vessels through the Strait of Hormuz. While this marks a positive step toward stabilizing energy markets, the conflict has already caused severe damage to several energy facilities across the Middle East, including refineries and LNG infrastructure. The global refining market was already operating under tight conditions before the conflict, with demand growth outpacing new refining capacity additions. The disruptions caused by the Middle East conflict have further amplified this trend.

Against this macroeconomic backdrop, VLO remains well positioned to generate sustained profits, backed by a favorable refining environment. The company’s coastal refinery network enables it to benefit from export access and exposure to global product markets. Moreover, constrained global refining capacity and low product inventories in key markets are expected to support refining fundamentals and keep margins steady in the near-term. Its Gulf Coast refining network benefits from growing product exports to high-demand growth markets, enabling the company to capture attractive margins and support long-term earnings growth.

Refining Players Expects to Benefit From Favorable Refining FundamentalsPar Pacific Holdings (PARR - Free Report) is a Houston-based refining player with a combined refining capacity of 219,000 barrels per day and operations spread across Hawaii and the Pacific Northwest. The company also operates 76 branded fuel retail sites, along with a logistics business segment. PARR owns extensive energy infrastructure, including storage and transportation assets.

PBF Energy (PBF - Free Report) has a geographically diverse refining network with large-scale processing capacity and a highly complex refining system. It operates six refineries — Delaware City Refinery, Paulsboro Refinery, Toledo Refinery, Chalmette Refinery, Torrance Refinery and Martinez Refinery — with a combined throughput capacity of 1 million barrels per day and the ability to process a wide range of feedstocks.

VLO’s Price Performance, Valuation & EstimatesValero Energy’s shares have jumped 78.1% over the past year compared with the 40.1% improvement of the composite stocks belonging to the industry.

Image Source: Zacks Investment Research

From a valuation standpoint, VLO trades at a trailing 12-month enterprise value to EBITDA (EV/EBITDA) of 7.38X. This is above the broader industry average of 5.42X.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for VLO’s 2026 earnings hasn’t seen any revisions over the past seven days.

Image Source: Zacks Investment Research

VLO, PARR and PBF each currently carry a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Key Takeaways Five Below leverages social listening to identify trends across beauty, candy and toy categories.FIVE posts 23% comparable sales growth, driven by higher transactions and average ticket size.FIVE expands its email database to enhance personalized marketing and deepen customer engagement. Five Below, Inc. (FIVE - Free Report) is driving customer acquisition and loyalty through a customer-centric strategy that blends strong digital engagement with an evolving in-store experience. The company is increasingly leveraging social listening to better understand customer preferences and capitalize on emerging trends. Management highlighted opportunities across several categories, including squishy products, candy, beauty programs and beauty dupes, where customer conversations are helping shape merchandising and engagement strategies.

The company is benefiting from improved customer acquisition through connected TV initiatives and greater marketing agility enabled by AI-generated content. These efforts are helping Five Below engage younger audiences more effectively through the channels they increasingly use. In the first quarter of fiscal 2026, comparable sales increased 22.7%, driven by a 19% rise in transactions and a 4% increase in average ticket size, reflecting strong customer traffic and engagement.

Five Below remains focused on introducing products that deliver meaningful value while satisfying customers’ desire for novelty and fun, rather than simply expanding its assortment. Supported by a new cross-functional go-to-market process, teams are creating impactful launch moments around key seasonal events. The company also strengthened customer engagement through in-store activations, including celebrations of the 30th anniversary of Pokémon on National Pokémon Day across its store network.

Additionally, Five Below made significant progress in expanding its email database during the quarter. This enhanced customer data foundation is expected to improve the precision of social and digital marketing efforts, deepen customer engagement and foster more personalized relationships with consumers. Overall, management believes its investments in customer engagement, social listening and personalized marketing capabilities position the company to deepen customer relationships and support continued traffic growth over time.

The Zacks Rundown for FIVEThe company’s shares have gained 55.7% in the past year against the industry’s 5.7% decline. FIVE currently sports a Zacks Rank #1 (Strong Buy).

Image Source: Zacks Investment Research

From a valuation standpoint, FIVE trades at a forward price-to-earnings ratio of 20.91, higher than the industry’s average of 14.67.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for FIVE’s current and next fiscal year earnings implies a year-over-year rise of 31.8% and 10.4%, respectively.

Image Source: Zacks Investment Research

Other Stocks to ConsiderSome other top-ranked stocks have been discussed below:

Victoria’s Secret & Co. (VSXY - Free Report) operates as a specialty retailer of women's intimate apparel and other apparel and beauty products worldwide. At present, VSXY flaunts a Zacks Rank of 1. You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for Victoria's Secret’s current fiscal-year sales and earnings suggests growth of 8.8% and 53.7%, respectively, from the year-ago reported numbers. VSXY delivered a trailing four-quarter earnings surprise of 55.1%, on average.

Tapestry, Inc. (TPR - Free Report) provides accessories and lifestyle brand products in North America, Greater China, the rest of Asia, and internationally. At present, TPR flaunts a Zacks Rank of 1.

The Zacks Consensus Estimate for TPR’s current fiscal-year sales and earnings implies growth of 13.8% and 36.3%, respectively, from the year-ago figures. TPR has delivered a trailing four-quarter earnings surprise of 15.6%, on average.

Fossil Group, Inc. (FOSL - Free Report) designs, develops, markets, and distributes consumer fashion accessories in the United States, Europe, Asia, and internationally. At present, FOSL carries a Zacks Rank of 2 (Buy).

The Zacks Consensus Estimate for FOSL’s current fiscal-year sales indicates a decline of 4.9%, while the same for earnings indicates growth of 87.6% from the year-ago figures. FOSL delivered a trailing four-quarter negative earnings surprise of 381.8%, on average.

On June 23, 2026, Alcoa Corp AA shares fell 5.6% to $55.08, continuing a downward trend that has seen the stock decline by 12.4% over the past week and 22.8% over the past month. The stock has traded between a 52-week high of $84.38 and a low of $27.72 over the past year.

GF Value™ verdict: Current price of $55.08 vs GF Value™ of $30.36, indicating a 81.4% overvaluation.GF Score™ of 59/100, suggesting average performance across key metrics.Notable signal: No insider transactions in the last 3 months. Is AA Overvalued or Undervalued? The current price of Alcoa Corp AA at $55.08 is significantly above the GF Value™ of $30.36, which suggests that the stock is overvalued by approximately 81.4%. This overvaluation indicates a lack of margin of safety for potential investors, as the price is not supported by underlying fundamentals. The GF Valuation label categorizes the stock as significantly overvalued, which raises risks for investors, especially in a volatile market.

GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. With the stock trading well above its intrinsic value, the risk of a price correction increases, especially if market sentiments shift or if Alcoa fails to meet future performance expectations.

How Does AA's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 13.9x 12.8x Forward P/E 7.8x N/A The current P/E ratio of 13.9x is 9% above its 5-year median P/E of 12.8x, indicating that Alcoa is trading above its historical valuation levels. This P/E analysis aligns with the GF Value™ verdict, reinforcing the conclusion that the stock is overvalued at its current price.

What Does AA's GF Score™ Tell Us? Metric Rating GF Score™ 59/100 Financial Strength 6/10 Profitability 5/10 Growth 4/10 Valuation 1/10 Momentum 6/10 The GF Score™ of 59/100 indicates an average performance across the board, with the strongest area being Financial Strength at 6/10. However, the Valuation rank of 1/10 is particularly concerning, highlighting that the stock is significantly overvalued. The scores suggest that while Alcoa has some strengths, it faces challenges in terms of growth and valuation.

What Are Insiders Doing with AA Stock? There have been no insider transactions in Alcoa Corp AA stock over the last three months. This lack of activity could suggest that insiders are not confident in the current valuation or future performance of the company, as typically, insider buying can be viewed as a positive signal regarding the company's prospects.

What This Means for Investors Based on the GF Value™ assessment, Alcoa Corp AA is currently overvalued. The significant difference between the current price and the intrinsic value suggests that the stock may face potential downside risks in the near future.

For the complete analysis, visit the Alcoa Corp AA stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.

Frequently Asked Questions What is AA's GF Score™?

AA's GF Score™ is 59/100, indicating average performance across key financial metrics.

Is AA overvalued or undervalued?

AA is currently overvalued, with a GF Value™ of $30.36 compared to its current price of $55.08.

What is AA's P/E ratio?

AA's P/E ratio is 13.9x, which is 9% above its 5-year median P/E of 12.8x, indicating it is trading above its historical valuation levels.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

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EAGLE, Idaho--(BUSINESS WIRE)--Lamb Weston Holdings, Inc. (NYSE: LW) announced today it will report fourth quarter and full fiscal year 2026 financial results on July 24, 2026. The news release will be issued at approximately 8:00 a.m. ET, followed by a conference call at 9:00 a.m. ET.

The webcast and accompanying materials will be available on Lamb Weston’s Investor Relations page at https://investors.lambweston.com/news-events/events-and-presentations.

Alternatively, participants in the U.S. and Canada may access the conference call by dialing 1-800-330-6710; participants outside the U.S. and Canada should dial +1 213-279-1505. The conference ID is 9814300.

A rebroadcast of the conference call will be available later in the day at the same location.

About Lamb Weston

Lamb Weston is a leading supplier of frozen potato products to restaurants and retailers around the world. For more than 75 years, Lamb Weston has led the industry in innovation, introducing inventive products that simplify back-of-house management for its customers and make things more delicious for their customers. From the fields where Lamb Weston potatoes are grown to proactive customer partnerships, Lamb Weston always strives for more and never settles. Because, when we look at a potato, we see possibilities. Learn more about us at lambweston.com.

More News From Lamb Weston Holdings, Inc.

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Leidos (LDOS - Free Report) ended the recent trading session at $104.84, demonstrating a -2.13% change from the preceding day's closing price. This move lagged the S&P 500's daily loss of 0.37%. Elsewhere, the Dow saw an upswing of 0.29%, while the tech-heavy Nasdaq depreciated by 1.33%.

Prior to today's trading, shares of the security and engineering company had lost 14.99% lagged the Computer and Technology sector's gain of 4.52% and the S&P 500's gain of 2.02%.

The investment community will be closely monitoring the performance of Leidos in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $2.94, reflecting a 8.41% decrease from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $4.36 billion, up 2.62% from the prior-year quarter.

In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $12.25 per share and a revenue of $17.98 billion, indicating changes of +2.17% and +4.7%, respectively, from the former year.

Investors should also take note of any recent adjustments to analyst estimates for Leidos. These recent revisions tend to reflect the evolving nature of short-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. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Leidos is holding a Zacks Rank of #3 (Hold) right now.

Looking at its valuation, Leidos is holding a Forward P/E ratio of 8.74. Its industry sports an average Forward P/E of 12.73, so one might conclude that Leidos is trading at a discount comparatively.

One should further note that LDOS currently holds a PEG ratio of 1.58. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. LDOS's industry had an average PEG ratio of 1.11 as of yesterday's close.

The Computers - IT Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 165, this industry ranks in the bottom 33% of all industries, numbering over 250.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.

Hercules Capital is trading at a 30% premium to NAV, down from 72% in 2024, reflecting compressed sentiment around technology-focused BDCs. HTGC is paying out a 12.1% dividend yield, with a $0.40 base and a $0.07 supplemental quarterly dividend. The base dividend was 120% covered by first-quarter net investment income. Portfolio credit quality remains robust, with nonaccruals at fair value at just 0.1% of the total investment portfolio as of the end of the first quarter.

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Hercules Capital (HTGC - Free Report) .

Hercules Capital currently has an average brokerage recommendation (ABR) of 1.70, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 10 brokerage firms. An ABR of 1.70 approximates between Strong Buy and Buy.

Of the 10 recommendations that derive the current ABR, six are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 60% and 10% of all recommendations.

Brokerage Recommendation Trends for HTGC

Check price target & stock forecast for Hercules Capital here>>>

While the ABR calls for buying Hercules Capital, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.

Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations.

This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements.

Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.

Zacks Rank Should Not Be Confused With ABRIn spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.

Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.

Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide.

In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.

In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.

Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.

Should You Invest in HTGC?In terms of earnings estimate revisions for Hercules Capital, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at $1.93.

Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term.

The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Hercules Capital. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for Hercules Capital.

Two factors often determine stock prices in the long run: earnings and interest rates. Investors can't control the latter, but they can focus on a company's earnings results every quarter.

Life and the stock market are both about expectations, and rising above what is expected is often rewarded, while falling short can come with negative consequences. Investors might want to try to capture stronger returns by finding positive earnings surprises.

Now that we know how important earnings and earnings surprises are, it's time to show investors how to take advantage of these events to boost their returns by utilizing the Zacks Earnings ESP filter.

The Zacks Earnings ESP, ExplainedThe Zacks Earnings ESP is more formally known as the Expected Surprise Prediction, and it aims to grab the inside track on the latest analyst estimate revisions ahead of a company's report. The idea is relatively intuitive as a newer projection might be based on more complete information.

With this in mind, the Expected Surprise Prediction compares the Most Accurate Estimate (being the most recent) against the overall Zacks Consensus Estimate. The percentage difference provides the ESP figure. The system also utilizes our core Zacks Rank to provide a stronger system for identifying stocks that might beat their next quarterly earnings estimate and possibly see the stock price climb.

When we join a positive earnings ESP with a Zacks Rank #3 (Hold) or stronger, stocks posted a positive bottom-line surprise 70% of the time. Plus, this system saw investors produce roughly 28% annual returns on average, according to our 10 year backtest.

Most stocks, about 60%, fall into the #3 (Hold) category, and they are expected to perform in-line with the broader market. Stocks with a #2 (Buy) and #1 (Strong Buy) rating, or the top 15% and top 5% of stocks, respectively, should outperform the market, with Strong Buy stocks outperforming more than any other rank.

Should You Consider Alphabet?Now that we understand what the ESP is and how beneficial it can be, let's dive into a stock that currently fits the bill. Alphabet (GOOGL - Free Report) earns a #3 (Hold) right now and its Most Accurate Estimate sits at $2.92 a share, just 30 days from its upcoming earnings release on July 22, 2026.

GOOGL has an Earnings ESP figure of +2.13%, which, as explained above, is calculated by taking the percentage difference between the $2.92 Most Accurate Estimate and the Zacks Consensus Estimate of $2.86. Alphabet is one of a large database of stocks with positive ESPs. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

GOOGL is one of just a large database of Computer and Technology stocks with positive ESPs. Another solid-looking stock is Dropbox (DBX - Free Report) .

Dropbox, which is readying to report earnings on August 6, 2026, sits at a Zacks Rank #2 (Buy) right now. Its Most Accurate Estimate is currently $0.77 a share, and DBX is 45 days out from its next earnings report.

For Dropbox, the percentage difference between its Most Accurate Estimate and its Zacks Consensus Estimate of $0.74 is +4.52%.

GOOGL and DBX's positive ESP metrics may signal that a positive earnings surprise for both stocks is on the horizon.

Find Stocks to Buy or Sell Before They're ReportedUse the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading. Check it out here >>

AppFolio (APPF - Free Report) closed the most recent trading day at $146.56, moving +1.51% from the previous trading session. The stock's change was more than the S&P 500's daily loss of 1.44%. Meanwhile, the Dow lost 0.09%, and the Nasdaq, a tech-heavy index, lost 2.22%.

Shares of the property management software maker witnessed a loss of 12.46% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 0.98%, and the S&P 500's gain of 0.08%.

The upcoming earnings release of AppFolio will be of great interest to investors. On that day, AppFolio is projected to report earnings of $1.67 per share, which would represent year-over-year growth of 21.01%. Simultaneously, our latest consensus estimate expects the revenue to be $276.98 million, showing a 17.58% escalation compared to the year-ago quarter.

APPF's full-year Zacks Consensus Estimates are calling for earnings of $6.75 per share and revenue of $1.12 billion. These results would represent year-over-year changes of +27.6% and +17.47%, respectively.

Investors should also note any recent changes to analyst estimates for AppFolio. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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 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 past month, there's been no change in the Zacks Consensus EPS estimate. AppFolio currently has a Zacks Rank of #2 (Buy).

Digging into valuation, AppFolio currently has a Forward P/E ratio of 21.39. This expresses a premium compared to the average Forward P/E of 18 of its industry.

The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 84, putting it in the top 35% 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.

To follow APPF in the coming trading sessions, be sure to utilize Zacks.com.

Progressive (PGR - Free Report) ended the recent trading session at $207.38, demonstrating a +1.23% change from the preceding day's closing price. The stock outpaced the S&P 500's daily loss of 0.37%. At the same time, the Dow added 0.29%, and the tech-heavy Nasdaq lost 1.33%.

Coming into today, shares of the insurer had gained 2.69% in the past month. In that same time, the Finance sector gained 4.79%, while the S&P 500 gained 2.02%.

The upcoming earnings release of Progressive will be of great interest to investors. In that report, analysts expect Progressive to post earnings of $4.47 per share. This would mark a year-over-year decline of 8.4%. Our most recent consensus estimate is calling for quarterly revenue of $23.03 billion, up 6.55% from the year-ago period.

For the full year, the Zacks Consensus Estimates are projecting earnings of $16.82 per share and revenue of $92.97 billion, which would represent changes of -7.84% and +6.94%, respectively, from the prior year.

Investors should also pay attention to any latest changes in analyst estimates for Progressive. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 2.68% upward. Progressive presently features a Zacks Rank of #3 (Hold).

Looking at its valuation, Progressive is holding a Forward P/E ratio of 12.18. This expresses a premium compared to the average Forward P/E of 10.99 of its industry.

We can also see that PGR currently has a PEG ratio of 6.31. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The average PEG ratio for the Insurance - Property and Casualty industry stood at 2.33 at the close of the market yesterday.

The Insurance - Property and Casualty industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 67, which puts it in the top 28% 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.

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

President & Co-Founder Scott Morris to Transition from Operating Responsibilities to an Advisory Role on Company’s 20th Anniversary

Nicki Baty Appointed President & Chief Operating Officer Effective October 2026

Thembi Machaba Promoted to Chief Human Resources Officer and Chief Administrative Officer

BEDMINSTER, N.J., June 24, 2026 (GLOBE NEWSWIRE) -- Freshpet, Inc. (“Freshpet” or the “Company”) (Nasdaq: FRPT) today announced that President and Co-Founder Scott Morris will transition from his operating responsibilities at Freshpet to an advisory role on October 20, 2026, the Company's 20th anniversary. Mr. Morris will remain available to the Company as an advisor for 18 months following the transition.

Upon Mr. Morris’s transition, the title of President will be assumed by current Chief Operating Officer Nicki Baty, who joined the Company two years ago as part of a leadership succession plan. As President & COO, Ms. Baty will continue to report to Chief Executive Officer Billy Cyr and will oversee the Company’s commercial operations and supply chain. Mr. Morris’s innovation responsibilities will transition to a newly created Chief Innovation Officer role.

Additionally, Freshpet has announced the promotion of Thembi Machaba, current Chief Human Resources Officer, to take on the additional role of Chief Administrative Officer, effective immediately. In her expanded role, Ms. Machaba will assume added responsibility for the Company’s sustainability initiatives, community relations, property management, corporate security, and key management processes. 

The transition reflects a succession plan that has been underway for several years and comes as Freshpet enters its third decade with a strong leadership team, scaled operations, and significant opportunities for future growth.

Twenty years ago, Scott Morris, Cathal Walsh and John Phelps set out to create a different kind of pet food company —one built on the belief that dogs and cats deserve fresh, real food made with the same care people apply to their own food. What began as an idea has grown into a company with more than one billion dollars in annual sales, one of the top five dog food brands in the United States, three manufacturing kitchens, and approximately 1,300 employees worldwide. Last year, the Company opened its new Commercial Center of Excellence in Bedminster, New Jersey. Designed primarily by Mr. Morris, the facility brings Freshpet's Pets, People, Planet philosophy to life through environmentally sustainable features, dog daycare, and employee-focused amenities that reflect the Company's belief that great workplaces help create great work.

“It is impossible to overstate the contributions and impact that Scott has had on the Freshpet business over the past 20 years. Our products, marketing and the passion for Pets, People and Planet all have Scott’s fingerprints all over them, and we are forever grateful,” commented Walter George, Chair of Freshpet’s Board of Directors. “While a founder always plays a special role for a company, we believe we have built a very strong team that is well positioned to continue driving significant growth and fulfilling Freshpet’s mission.”

Billy Cyr, Freshpet’s Chief Executive Officer, added, “Scott’s passion for the Freshpet business and his relentless drive to innovate have been instrumental in making Freshpet what it is today. We are deeply indebted to him for all he has done to inspire and create this Company and wish him well in his next adventures. He has helped grow and develop the team, who are experienced and highly capable of continuing to deliver growth and innovation. Scott will be leaving us in a very good position and will remain available to us as an advisor. I’d also like to congratulate Nicki and Thembi on their new roles. Both are well deserved and provide us the leadership strength that we will need to continue our mission.” 

Scott Morris, President & Co-Founder, said, “When we started Freshpet nearly 20 years ago, we simply wanted to build the kind of pet food company we wished existed. We believed pets deserved fresh food, retailers deserved a better partner, and employees deserved a company with a real sense of purpose. What happened next exceeded what we originally imagined. I have had the privilege of working alongside extraordinary people to build something that matters — to pets, pet parents, employees, partners and communities. Looking around today, I could not be more confident in Freshpet's future. We have a talented team, a strong business, and tremendous opportunities ahead of us. Freshpet has been an amazing adventure. I am incredibly proud of what we have built together and proud to leave a great company and great business in the hands of an amazing group of people. The leadership team, employees and partners who will carry Freshpet forward are ready to write the next chapter. While I am transitioning away from my operating responsibilities at Freshpet, I plan to remain supportive however I can in the years ahead. I look forward to watching Freshpet continue to grow, innovate and make an even bigger impact on pets and the people who love them.”

Cathal Walsh, Co-Founder & Managing Director of Europe, said, “For nearly 20 years, Scott and I have shared the challenges, setbacks, risks and victories that come with building a company from scratch. Scott has always believed that if you take care of pets, people and partners, good things happen. That philosophy helped shape the culture and values that define Freshpet today. While I will miss working alongside him every day, I am grateful for his friendship and partnership and proud of everything we built together. The foundation is strong, and I am confident Freshpet’s best days are still ahead.”

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.

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 ability to drive sustainable, profitable growth and long-term value, and the future work of members or our management team. 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.

Connect with Freshpet:
https://www.facebook.com/Freshpet
https://x.com/Freshpet
http://instagram.com/Freshpet
http://pinterest.com/Freshpet
https://www.tiktok.com/@Freshpet
https://www.youtube.com/user/freshpet400

Key Takeaways KLA's fiscal Q3 revenues rose 11% to a record $3.42B as AI drove stronger process control demand.Advanced packaging process control revenues are expected to reach about $1B in calendar 2026.Services revenues rose 16% to $775M, adding recurring cash flows that support shareholder returns. Artificial intelligence is reshaping semiconductor manufacturing, and KLA Corporation (KLAC - Free Report) appears to be one of the biggest beneficiaries. While AI demand is boosting chipmakers' investments in advanced logic and high-bandwidth memory (HBM), it is also increasing the need for sophisticated process control solutions that improve yield, reliability and manufacturing efficiency.

KLA's third-quarter fiscal 2026 results reflected this trend. Revenues rose 11% year over year to a record $3.42 billion, while non-GAAP earnings per share (EPS) increased to $9.40. Management emphasized that AI is now a core driver of the company's business, supporting stronger demand across foundry, memory and advanced packaging. The company also raised its expectations for advanced packaging process control revenues to roughly $1 billion in calendar year 2026 from about $635 million in 2025, well above its previous outlook. AI-enabled chip architectures and increasingly complex packaging technologies continue to expand KLA's addressable market.

Beyond wafer inspection, KLA is benefiting from rising process control intensity as chip designs become more complex. Larger die sizes, faster product cycles, higher-value wafers and the rapid adoption of HBM require greater inspection and metrology throughout the manufacturing process. These structural changes are helping KLA gain market share while strengthening its competitive position.

The company's services business adds another layer of stability. Services revenues increased 16% year over year to $775 million, providing recurring cash flows that support shareholder returns. Management also expects quarter-to-quarter revenue growth throughout calendar year 2026 and believes the wafer equipment market will strengthen further in 2027.

Although higher DRAM costs and tariff-related pressures remain margin headwinds, KLA's technology leadership, expanding process control portfolio and growing exposure to AI infrastructure spending position it as one of the clearest long-term winners from the semiconductor industry's AI investment cycle.

How Competitors Are Positioned Against KLA StockTwo of KLA's closest competitors are Onto Innovation (ONTO - Free Report) and Nova Ltd. (NVMI - Free Report) , both of which are benefiting from AI-driven semiconductor investments but remain more specialized than KLA.

Onto has built a strong position in advanced packaging inspection, optical metrology and lithography process control, areas seeing rising demand as AI chips become more complex. Onto continues expanding its advanced packaging portfolio and is gaining from growing adoption of chiplet architectures. However, Onto has a narrower product portfolio and significantly smaller service business, limiting its ability to match KLA's scale and broad process control ecosystem.

Nova focuses on metrology solutions that help semiconductor manufacturers improve yield at advanced process nodes. Nova is benefiting from increasing process complexity in leading-edge logic and high-bandwidth memory production, while Nova continues investing in materials metrology and AI-enabled analytics. Nevertheless, KLA maintains a wider inspection and metrology portfolio, stronger market leadership, greater exposure to advanced packaging and a much larger recurring services business, giving it a competitive advantage as AI infrastructure spending accelerates.

KLA’s Stock Price Performance, Valuation & EstimatesShares of KLA have surged 113.6% year to date (YTD), outperforming the industry, as shown below.

KLAC YTD Price Performance

Image Source: Zacks Investment Research

From a valuation standpoint, KLA trades at a forward price-to-earnings (P/E) multiple of 52.71, significantly above the industry’s average, as shown below.

KLAC’s P/E Ratio (Forward 12-Month) vs. Industry

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for KLA’s fiscal 2026 and 2027 earnings per share (EPS) implies a year-over-year increase of 11.4% and 34.1%, respectively. The EPS estimates for fiscal 2026 and 2027 have risen in the past 60 days, respectively.

EPS Trend of KLAC Stock

Image Source: Zacks Investment Research

KLAC stock currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

In the latest trading session, KLA (KLAC - Free Report) closed at $244.49, marking a -9.17% move from the previous day. This change lagged the S&P 500's daily loss of 1.44%. Meanwhile, the Dow experienced a drop of 0.09%, and the technology-dominated Nasdaq saw a decrease of 2.22%.

Prior to today's trading, shares of the maker of equipment for manufacturing semiconductors had gained 42.53% outpaced the Computer and Technology sector's gain of 0.98% and the S&P 500's gain of 0.08%.

Investors will be eagerly watching for the performance of KLA in its upcoming earnings disclosure. In that report, analysts expect KLA to post earnings of $1 per share. This would mark year-over-year growth of 6.38%. Meanwhile, the latest consensus estimate predicts the revenue to be $3.59 billion, indicating a 13.14% increase compared to the same quarter of the previous year.

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $3.71 per share and revenue of $13.52 billion, indicating changes of +11.41% and +11.19%, respectively, compared to the previous year.

It is also important to note the recent changes to analyst estimates for KLA. 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.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

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. The Zacks Consensus EPS estimate has moved 0.01% higher within the past month. KLA is holding a Zacks Rank of #3 (Hold) right now.

From a valuation perspective, KLA is currently exchanging hands at a Forward P/E ratio of 72.62. This signifies a premium in comparison to the average Forward P/E of 31.46 for its industry.

It is also worth noting that KLAC currently has a PEG ratio of 4.06. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Electronics - Miscellaneous Products industry held an average PEG ratio of 1.79.

The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 43, finds itself in the top 18% echelons 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.

ChargePoint Holdings, Inc. (CHPT) Presents at J.P. Morgan Natural Resources Conference 2026 Transcript

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.

Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.

Gentherm (THRM - Free Report) is a stock many investors are watching right now. THRM is currently sporting a Zacks Rank #2 (Buy), as well as an A grade for Value. The stock has a Forward P/E ratio of 13.9. This compares to its industry's average Forward P/E of 19.40. Over the past year, THRM's Forward P/E has been as high as 15.48 and as low as 8.71, with a median of 12.42.

We should also highlight that THRM has a P/B ratio of 1.53. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 4.32. Over the past year, THRM's P/B has been as high as 2.49 and as low as 1.11, with a median of 1.59.

These are just a handful of the figures considered in Gentherm's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that THRM is an impressive value stock right now.

Heath Byrd, Executive Vice President and Chief Financial Officer of Sonic Automotive, Inc. (SAH +1.84%), reported the sale of 5,061 shares of Common Stock for ~$430,000 on June 2, 2026, according to a SEC Form 4 filing.

Transaction summaryMetricValueShares sold (direct)5,061Transaction value$430,185Post-transaction shares (direct)133,952Post-transaction shares (indirect)12,129Post-transaction value (direct ownership)$11.4 millionTransaction and post-transaction values based on SEC Form 4 reported price ($85.00).

Key questionsHow does the size of this sale compare to Byrd’s recent transaction history?
Byrd’s June 2 sale of 5,061 shares is smaller than his May 28, 2026 sale (9,526 shares) and July 18, 2024 sale (19,827 shares), reflecting reduced available holdings and aligning with the observed capacity-driven moderation in trade sizes over the past year.What portion of Byrd’s ownership was affected, and what remains?
This sale accounted for 3.35% of his direct holdings, leaving a direct stake of 133,952 shares and an indirect interest of 12,129 shares held via Bucknell Avenue, LLC — together representing ongoing exposure to the company’s equity value.What was the market context for this transaction?
The sale was executed at $85.00 per share, just above the June 2, 2026 market close of $84.80, with Sonic Automotive, Inc. shares up 14.96% over the prior twelve months as of the transaction date.Does Byrd’s activity suggest a shift in insider sentiment or strategy?
Filings indicate the sale was made under a pre-set Rule 10b5-1 plan and, with only 3.35% of direct holdings traded, is consistent with routine liquidity management rather than a change in long-term ownership strategy.Company overviewMetricValueRevenue (TTM)$15.19 billionNet income (TTM)$108.90 millionDividend yield2.32%1-year price change22.60%*1-year performance calculated using June 2nd, 2026 as the reference date.

Company snapshotSonic Automotive offers new and used vehicle sales, parts, maintenance, collision repair, warranties, service contracts, and financing through franchised dealerships and EchoPark used car stores.It generates revenue primarily from vehicle sales, after-sales services, and finance and insurance product arrangements, leveraging a multi-channel retail model.The company serves retail automotive consumers in the United States, targeting both new and pre-owned vehicle buyers across multiple states and brands.Sonic Automotive, Inc. is a leading automotive retailer with a nationwide presence, operating franchised dealerships and EchoPark specialty used car stores. The company’s integrated business model combines new and used vehicle sales with a broad range of after-sales services and finance products, supporting diverse revenue streams.

Its scale, multi-brand portfolio, and focus on customer experience position Sonic Automotive to compete effectively in the U.S. auto dealership sector.

What this transaction means for investorsThe June 2 sale of Sonic stock by CFO Heath Byrd came at a time when shares had rebounded from the 52-week low of $54.11 reached in February. In fact, the disposition at $85 per share was not far from the 52-week high of $89.62.

However, the sale was not a cause for investor concern. Byrd’s transaction was non-discretionary in nature, since it was executed as part of a pre-arranged Rule 10b5-1 trading plan. Such plans are often implemented by insiders to avoid accusations of trading based on insider information.

In addition, Byrd retained over 146,000 shares after his sale. This demonstrates he maintains a sizable equity stake in the company.

Sonic Automotive’s stock price rose because it had a solid first-quarter earnings report and it raised its dividend 8%. Q1 revenue hit a record $3.7 billion, representing 1% year-over-year growth. Moreover, the company’s EchoPark division achieved all-time record quarterly gross profit of $67.9 million in Q1, up 6% year over year.

Robert Izquierdo 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.

Okta (OKTA - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.

Shares of this cloud identity management company have returned +25.7% over the past month versus the Zacks S&P 500 composite's +0.1% change. The Zacks Security industry, to which Okta belongs, has gained 4.5% over this period. Now the key question is: Where could the stock be headed in the near term?

While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.

Revisions to Earnings EstimatesRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.

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.

Okta is expected to post earnings of $0.96 per share for the current quarter, representing a year-over-year change of +5.5%. Over the last 30 days, the Zacks Consensus Estimate has changed +8.6%.

For the current fiscal year, the consensus earnings estimate of $3.83 points to a change of +9.4% from the prior year. Over the last 30 days, this estimate has changed +8.1%.

For the next fiscal year, the consensus earnings estimate of $4.28 indicates a change of +11.8% from what Okta is expected to report a year ago. Over the past month, the estimate has changed +1.4%.

With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Okta.

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 Okta, the consensus sales estimate for the current quarter of $792.14 million indicates a year-over-year change of +8.8%. For the current and next fiscal years, $3.2 billion and $3.5 billion estimates indicate +9.5% and +9.6% changes, respectively.

Last Reported Results and Surprise HistoryOkta reported revenues of $765 million in the last reported quarter, representing a year-over-year change of +11.2%. EPS of $0.91 for the same period compares with $0.86 a year ago.

Compared to the Zacks Consensus Estimate of $751.34 million, the reported revenues represent a surprise of +1.82%. The EPS surprise was +7.06%.

The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each time 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.

As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Okta is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

ConclusionThe 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 Okta. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.

June 22, 2026 08:00 ET  | Source: Evolve Royalties Ltd.

(All amounts in Canadian dollars unless otherwise noted)  

VANCOUVER, British Columbia, June 22, 2026 (GLOBE NEWSWIRE) -- Evolve Royalties Ltd. (“Evolve” or the “Company”) (CSE: EVR; OTCQX: EVRYF) is pleased to announce that its common shares are now eligible for electronic clearing and settlement in the United States through the Depository Trust Company (“DTC”). DTC eligibility follows the commencement of trading of Evolve’s common shares on the OTCQX Best Market (“OTCQX”) under the symbol “EVRYF” and is intended to broaden the Company’s access to United States investors by simplifying the trading, clearing and settlement of its common shares.

DTC ELIGIBILITY

DTC is a subsidiary of the Depository Trust & Clearing Corporation (“DTCC”), which manages the electronic clearing and settlement of publicly traded securities in the United States and provides post-trade clearing, settlement, custody and information services for the global financial markets. With DTC eligibility, Evolve’s common shares may be electronically cleared and settled by participating broker-dealers in the United States, which is expected to simplify the trading process and enhance liquidity by streamlining settlement and improving overall market accessibility for United States investors.

Evolve’s common shares continue to trade in Canada on the Canadian Securities Exchange under the symbol “EVR” and in the United States on the OTCQX Best Market under the symbol “EVRYF”. DTC eligibility does not affect the trading of Evolve’s common shares on the Canadian Securities Exchange.

Joseph de la Plante, President & CEO of Evolve, commented: "DTC eligibility is an important milestone in building Evolve’s presence in the United States capital markets. Following our listing on the OTCQX, it removes friction for United States investors who want to own our shares, making it easier and faster to clear and settle trades through their existing brokerage accounts. As we grow our portfolio of cash-flowing royalties, broadening and deepening our access to United States investors is a priority, and this is a meaningful step in that direction."

CONTACT INFORMATION

For more information about Evolve, please visit www.evolveroyalties.com or contact us:

Joseph de la Plante, President & CEO
[email protected]
+1 514 546 1070

ABOUT EVOLVE
Evolve Royalties Ltd. is a royalty and streaming company focused on acquiring high-quality royalties in base and critical metals that support electrification and the global energy transition. The Company’s strategy is to build a diversified portfolio of long-life cash-flowing royalties while maintaining exposure to long-term commodity upside. The Company’s common shares are listed and posted for trading on the Canadian Securities Exchange under the symbol “EVR” and on the OTCQX Best Market under the symbol “EVRYF”. For more information please visit: www.evolveroyalties.com or the Company’s profile on SEDAR+ at www.sedarplus.ca.

Evolve Royalties Ltd.
550 Burrard Street, Suite 2900
Vancouver, British Columbia V6C 0A3        
www.evolveroyalties.com

FORWARD-LOOKING STATEMENTS
This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of applicable securities laws, which may include, but are not limited to, the expected benefits of DTC eligibility, including the simplification of the trading, clearing and settlement of the Company’s common shares for United States investors, enhanced liquidity, streamlined settlement and improved market accessibility; the Company’s ability to broaden and deepen its access to United States investors; the continued trading of the Company’s common shares on the Canadian Securities Exchange and the OTCQX Best Market; and the growth of the Company’s portfolio of cash-flowing royalties, as well as other statements with respect to future events or future performance. All statements in this news release, other than statements of historical fact, that address events or developments that Evolve expects to occur, are forward-looking statements. Forward-looking statements are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential”, “scheduled” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Certain forward-looking statements may also constitute “financial outlook” within the meaning of applicable securities laws.

Forward-looking statements, including financial outlook, are based on Evolve’s assumptions and information available as of the date of this news release. Although Evolve believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward-looking statements. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: the impact of general business and economic conditions; the level of interest in, and trading activity of, the Company’s common shares among United States investors; the continued availability of electronic clearing and settlement of the Company’s common shares through the Depository Trust Company; stock market volatility and fluctuations in the market price of the Company’s common shares; regulatory restrictions; access to capital; and other related risks and uncertainties, including those discussed in the section entitled “Risk Factors” of the Company’s management’s discussion and analysis for the year ended December 31, 2025 as well as other materials available on the Company’s profile on SEDAR+ at www.sedarplus.ca.

Forward-looking statements and financial outlook in this news release are qualified by the foregoing cautionary statements and are made only as of the date hereof. Evolve expressly disclaims any obligation to update or revise any forward-looking statements or financial outlook or the assumptions or factors underlying them, whether as a result of new information, future events or otherwise, other than as required by applicable law. Readers are cautioned not to place undue reliance on forward-looking statements and financial outlook.

The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

June 23, 2026 10:06 ET  | Source: TEGNA Inc.

MCLEAN, Va., June 23, 2026 (GLOBE NEWSWIRE) -- TEGNA Inc. (NASDAQ: NXST) CEO Patrick Paolini today announced four leadership appointments, naming industry veterans to expanded roles across the business.

“Each of these individuals has a proven record of measurable results built on experience, strong instincts and sound judgment,” Paolini said. “As our leadership team continues to grow, these are the qualities that will shape TEGNA’s future.”

Marc Sher has been promoted to senior vice president and general counsel, overseeing all of TEGNA’s legal matters, including, among other things, compliance, contracts, litigation, regulatory matters, and risk management.Raquel Amparo has been named senior vice president of content, leading the company’s content strategy, creation and content partnerships across platforms.Melissa Jones will become senior vice president of human resources (HR), directing the company’s people strategy, including talent acquisition, employee relations, compensation and benefits, and organizational development.Pamela Long has been promoted to senior vice president of finance, managing the company’s financial operations, including budgeting, forecasting, financial reporting, and capital planning. About the team:

Marc Sher joined TEGNA in 2013 and most recently served as vice president, associate general counsel and secretary, with experience spanning commercial agreements, regulatory compliance, litigation, M&A support and privacy and data security. He previously was a partner at Dow Lohnes PLLC and holds a bachelor's degree in political science from Emory University and a law degree from The George Washington University Law School.

Raquel Amparo, an Emmy Award-winning journalist and Kneeland Fellow with more than 20 years of news experience, has been promoted from vice president of content for TEGNA's Texas markets. In this role, she helped develop multi-platform content strategies to elevate enterprise and solutions-based journalism. Amparo previously served as president and general manager for CBS Television Stations and held roles at Univision Communications and FOX Television. She holds a bachelor’s degree from the University of Central Florida and a master's degree in broadcast journalism from the University of Miami.

Melissa Jones joined TEGNA in 2016 as vice president of human resources. She leads the HR business partner team across the company's 64 stations in 51 markets, as well as talent acquisition and development. Jones previously held global HR roles at General Electric across several divisions. She began her career as an employment attorney and holds a law degree and a master's degree from the Catholic University of America, and a bachelor’s degree from Mount Union University in Ohio.

Pamela Long joined TEGNA in 2015, and most recently served as vice president of finance and operations, leading the finance business partner team that supports TEGNA’s business units. Long is responsible for revenue optimization, performance metrics, business initiative analysis, budgeting, forecasting and financial reporting. Prior to joining TEGNA, Long held various finance and accounting positions at Northcentral University, University of Phoenix, the Institute for Professional Development, Marriott Vacation Club International and CNF Mobile Solutions. She began her career in public accounting. Long holds an MBA in international business from Northcentral University, a bachelor’s degree in accountancy from Northern Arizona University and is a certified public accountant (CPA).

About TEGNA 
TEGNA Inc. is a wholly owned subsidiary of Nexstar Media Group, Inc. (NASDAQ: NXST), operating independently of Nexstar consistent with the “Hold Separate Order” issued by the United States District Court for the Eastern District of California on April 17, 2026. TEGNA is a multiplatform media company operating 64 local television stations in 51 U.S. markets, and hundreds of websites, mobile and Connected TV (CTV) apps, and Premion, a leading Connected TV and Over-the-Top (OTT) advertising platform.

For media inquiries, contact: 
Molly McMahon
Senior Director, Corporate Communications
703-873-6440
[email protected] 

Photos accompanying this announcement are available at: 

https://www.globenewswire.com/NewsRoom/AttachmentNg/079beb7f-097e-4bc4-a50a-39343561b079

https://www.globenewswire.com/NewsRoom/AttachmentNg/934ab7ec-f50c-4d67-a5bb-c6840bb84aea

https://www.globenewswire.com/NewsRoom/AttachmentNg/51b5ace4-b7e7-4685-8cbc-844688379720

https://www.globenewswire.com/NewsRoom/AttachmentNg/aa61ea6f-5fc1-4cca-8c36-b08a83f132ee

Kinder Morgan remains a "Buy," driven by upside potential in the stock price rather than its dividend yield. KMI's Q1 revenues rose 13.8%, and adjusted EBITDA grew 18%, supported by higher commodity sales and expansion projects. 65% of KMI's cash flow is secured by take-or-pay contracts, providing predictable income amid rising energy demand from AI and data centers.

MERRILLVILLE, Ind.--(BUSINESS WIRE)--NiSource Inc. (NYSE: NI) announced the Indiana Utility Regulatory Commission (IURC) has approved key agreements supporting the company’s previously announced partnership with Amazon to serve new data center development in northern Indiana. This marks an inaugural milestone that reinforces the meaningful benefits this approach will provide for existing customers.

On June 17, the IURC fully approved the settlement agreement, Amazon special contract and related power purchase agreement. In a separate order, the Commission also approved the company’s proposed generation resources, including combined-cycle gas turbines and battery energy storage systems.

The approvals advance NiSource’s strategy to support responsible large-load growth while helping protect existing customers from the costs of serving new data center demand.

Under the approved framework, existing customers are expected to benefit directly from the addition of new, large electric load, with NiSource’s broader data center strategy expected to provide approximately $1.4 billion in customer savings. The structure is designed so that data center customers fund the generation and transmission infrastructure required to serve their needs, supporting affordability, reliability and long-term value for existing NIPSCO customers.

As part of the settlement, the parties agreed to support expedited procedural schedules for future agreements, reinforcing the model’s competitive speed-to-market advantage and positioning Indiana as a leader in utility and technology collaboration.

“Our regulator’s approvals highlight the strength of our strategy and the value this approach can deliver for customers and communities,” said NiSource President and CEO Lloyd Yates. “As data center demand continues to grow across our service territory, we are helping to ensure that new large-load customers support the infrastructure needed to serve them while existing customers benefit through bill credits as those customers ramp. We are proud to support Indiana’s economic development momentum through a model that advances affordability, reliability and long-term growth.”

Additional Information

Additional information is available on the Investors section of www.nisource.com. The company alerts investors that it intends to use the Investors section of its website www.nisource.com and the company’s social media channels to disseminate important information about the company to its investors. Investors are advised to look at NiSource’s website and social media channels for future important information about the company.

About NiSource

NiSource Inc. (NYSE: NI) is one of the largest fully regulated utility companies in the United States, serving approximately 3.3 million natural gas customers and 500,000 electric customers across six states through its local Columbia Gas and NIPSCO brands. The mission of our approximately 7,700 employees is to deliver safe, reliable energy that drives value to our customers. NiSource is a member of the Dow Jones Sustainability - North America Index and is on Forbes lists of America’s Best Employers for Women and Diversity. Learn more about NiSource’s record of leadership in sustainability, investments in the communities it serves and how we live our vision to be an innovative and trusted energy partner at www.NiSource.com.

The content of our website is not incorporated by reference into this document or any other report or document NiSource files with the Securities and Exchange Commission (“SEC”).

NI-F

Forward-Looking Statements

This Press Release contains "forward-looking statements," within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Investors and prospective investors should understand that many factors govern whether any forward-looking statement contained herein will be or can be realized. Any one of those factors could cause actual results to differ materially from those projected. Forward-looking statements in this press release include, but are not limited to, statements concerning our provision of power to data center customers under certain agreements, our proposed generation resources, expected cost savings to customers over the life of the data center contracts, protecting customers from cost increases, plans to seek expedited procedural agreements for future agreements and other statements regarding our plans, strategies, objectives, and expected performance related to data center operations. Expressions of future goals and expectations and similar expressions, including "may," "will," "should," "could," "would," "aims," "seeks," "expects," "plans," "anticipates," "intends," "believes," "estimates," "predicts," "potential," "targets," "forecast," and "continue," reflecting something other than historical fact are intended to identify forward-looking statements. All forward-looking statements are based on assumptions that management believes to be reasonable; however, there can be no assurance that actual results will not differ materially.

Factors that could cause actual results to differ materially from those projected in any forward-looking statement discussed in this Press Release include, among other things: receipt, timing and terms of required regulatory approvals in connection with agreements with our current and any future data center customers and the ability to comply with any conditions associated with such regulatory approvals; the ability of our current and any future data center customers to implement its plans to construct data centers; the impact of public involvement, intervention or litigation with respect to these projects, our ability to execute our business plan or growth strategy, including utility infrastructure investments, or business opportunities; our ability to manage data center growth in our service territories; potential incidents and other operating risks associated with our business; our ability to work successfully with our JV partners; our ability to construct, develop and place into service the generation or transmission assets we develop to support our customers under our current and any future data center contracts on time or at all and consistent with initial cost estimates, as well as the performance of such assets once constructed and placed into service; our ability to obtain the significant additional financing required to construct such generation or transmission assets we develop to support data center contracts on favorable terms, if at all; our ability to recover our investments and realize our expected return under our current and any future data center contracts that we enter into; our ability to maintain our investment grade credit ratings as we finance and pursue our data center strategy, including our performance under our current and any future data center contracts that we enter into; our customers' performance under our current and any future data center contracts; any decision by our current data center customers and any future data center customers to terminate our current or any future data center contracts or reduce the committed capacity thereunder; potential changes in the MISO accreditation treatment of capacity resources; our ability to adapt to, and manage costs related to, advances in technology, including alternative energy sources and changes in related laws and regulations; our increased dependency on technology; impacts related to our aging infrastructure; our ability to obtain sufficient insurance coverage and whether such coverage will protect us against significant losses; the success of our electric generation strategy; construction risks and supply risks; fluctuations in demand from residential and commercial customers; fluctuations in the price of energy commodities and related transportation costs or an inability to obtain an adequate, reliable and cost-effective fuel supply to meet customer demand; our ability to attract, retain or re-skill a qualified workforce and maintain good labor relations; our ability to manage new initiatives and organizational changes; the performance and quality of third-party suppliers and service providers; our ability to manage the financial and operational risks related to achieving our carbon emission reduction goals, including our Net Zero Goal, including any future associated impact from business opportunities such as data center development as those opportunities evolve; potential cybersecurity attacks or security breaches; increased requirements and costs related to cybersecurity; the actions of activist stockholders; any damage to our reputation; the impacts of natural disasters, potential terrorist attacks or other catastrophic events; the physical impacts of climate change and the transition to a lower carbon future; our debt obligations; any changes to our credit ratings or the credit ratings of certain of our subsidiaries; adverse economic and capital market conditions, including increases in inflation or interest rates, recession, or changes in investor sentiment; economic regulation and the impact of regulatory rate reviews; our ability to obtain expected financial or regulatory outcomes; economic conditions in certain industries; the ability of customers and suppliers to fulfill their payment and contractual obligations; the ability of our subsidiaries to generate cash; pension funding obligations; potential impairments of goodwill; the outcome of legal and regulatory proceedings, investigations, incidents, claims and litigation; compliance with changes in, or new interpretations of applicable laws, regulations and tariffs; the cost of compliance with environmental laws and regulations and the costs of associated liabilities; changes in tax laws or the interpretation thereof; and other matters set forth in Item 1, "Business," Item 1A, "Risk Factors" and Part II, Item 7, "Management’s Discussion and Analysis of Financial Condition and Results of Operations," of our Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and matters set forth in our subsequent Quarterly Reports on Form 10-Q, some of which risks are beyond our control. In addition, the relative contributions to profitability by each business segment, and the assumptions underlying the forward-looking statements relating thereto, may change over time.

All forward-looking statements are expressly qualified in their entirety by the foregoing cautionary statements. We undertake no obligation to, and expressly disclaim any such obligation to, update or revise any forward-looking statements to reflect changed assumptions, the occurrence of anticipated or unanticipated events or changes to expected results over time or otherwise, except as required by law.

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