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HILLIARD, Ohio--(BUSINESS WIRE)--Advanced Drainage Systems, Inc. (NYSE: WMS) (“ADS” or the “Company”), a leading manufacturer of stormwater and onsite wastewater management products and solutions for commercial, residential, infrastructure and agricultural applications, will host its 2026 Investor Day today in Hilliard, OH.

The event will take place at the new ADS Engineering and Technology Center, the world’s most advanced stormwater facility and a hub for innovation and new product development, and will include a walking tour for in-person guests. Attendees will hear directly from the leadership team as they share updates on ADS’ pure play water exposure, differentiated growth story, and resilient profit platform, followed by a panel discussion on Innovation and the Future of Water Management Solutions. The Company will also unveil its fiscal 2030 outlook and growth projections.

The presentation will be followed by a question-and-answer session. The presentation is scheduled to begin at 9:00 a.m. ET and will be webcast live at investors.ads-pipe.com. A replay will also be available on the website following the event.

About the Company

Advanced Drainage Systems is a leading manufacturer of innovative stormwater and onsite wastewater solutions that manage the world’s most precious resource: water. ADS, along with NDS and Infiltrator Water Technologies, provides superior stormwater drainage and onsite wastewater products used across commercial, residential, infrastructure, and agricultural applications, while delivering unparalleled customer service. ADS operates the industry’s largest company-owned fleet, an expansive sales team and a vast manufacturing network. As one of the largest plastic recycling companies in North America, ADS keeps hundreds of millions of pounds of plastic out of landfills each year. Founded in 1966, ADS’ water management solutions are designed to last for decades. To learn more, visit the Company’s website at www.adspipe.com.

Forward-Looking Statements

Certain statements in this press release may be deemed to be forward-looking statements. These statements are not historical facts but rather are based on the Company’s current expectations, estimates and projections regarding the Company’s business, operations and other factors relating thereto. Words such as “may,” “will,” “could,” “would,” “should,” “anticipate,” “predict,” “potential,” “continue,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “confident” and similar expressions are used to identify these forward-looking statements. Factors that could cause actual results to differ from those reflected in forward-looking statements relating to our operations and business include: fluctuations in the price and availability of resins and other raw materials, new tariff and international trade policies, and our ability to pass any increased costs of raw materials and tariffs on to our customers in a timely manner; disruption or volatility in general business, political and economic conditions in the markets in which we operate; cyclicality and seasonality of the non-residential and residential construction markets and infrastructure spending; the risks of increasing competition in our existing and future markets; uncertainties surrounding the integration and realization of anticipated benefits of acquisitions or doing so within the intended timeframe, including our ability to successfully integrate NDS into our business; risks that the acquisition of NDS may involve unexpected costs, liabilities, risks that the cost savings and synergies from the acquisition of NDS may not be fully realized; the effect of weather or seasonality; the loss of any of our significant customers; the risks of doing business internationally; the risks of conducting a portion of our operations through joint ventures; our ability to expand into new geographic or product markets; the risk associated with manufacturing processes; the effects of global climate change and any related regulatory responses; our ability to protect against cybersecurity incidents and disruptions or failures of our IT systems; our ability to assess and monitor the effects of artificial intelligence, machine learning, robotics and blockchain or other new approaches to data mining on our business and operations; our ability to manage our supply purchasing and customer credit policies; our ability to control labor costs and to attract, train and retain highly qualified employees and key personnel; our ability to protect our intellectual property rights; changes in laws and regulations, including environmental laws and regulations; our ability to appropriately address any environmental, social or governance concerns that may arise from our activities; the risks associated with our current levels of indebtedness, including borrowings under our existing credit agreement and outstanding indebtedness under our existing senior notes; and other risks and uncertainties described in the Company’s filings with the SEC. New risks and uncertainties emerge from time to time and it is not possible for the Company to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this press release. In light of the significant uncertainties inherent in the forward-looking information included herein, the inclusion of such information should not be regarded as a representation by the Company or any other person that the Company’s expectations, objectives or plans will be achieved in the timeframe anticipated or at all. Investors are cautioned not to place undue reliance on the Company’s forward-looking statements and the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

More News From Advanced Drainage Systems, Inc.

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Diodes Incorporated is rated a strong buy, with organic growth from European market share gains and robust demand for power management ICs. DIOD's Q1 2026 revenue grew 22% to $405.47M, led by automotive and industrial segments, and consistently beats topline and bottom-line estimates. Despite sector-leading growth expectations, DIOD trades at a 3.4x sales multiple, slightly below the sector, offering 10% upside and favorable risk/reward.

Targa Resources (TRGP) and Blue Owl Capital (OWL) are top TOLL picks, offering differentiated income and growth amid market disruption. TRGP delivers robust total return potential, leveraging irreplaceable Permian Basin assets, high margin scalability, and a five-year dividend CAGR of 60%. OWL offers a 9%+ yield, substantial fee-based income from $315B AUM, and trades at a deep valuation discount despite recent sector pressures.

NEW ORLEANS--(BUSINESS WIRE)--Six U-Haul® Companies in the Southeast are making 84 centers in Louisiana, Mississippi, Alabama and Florida available to provide 30 days of free self-storage and U-Box® container use to residents who have been impacted by severe flooding in recent days.

U-Haul is ready to help anyone affected by the widespread flooding who needs a dry, secure storage solution at no cost for one month.

Share The remnants of Tropical Storm Arthur dumped inches, and in some cases feet, of rain across coastal regions including metro New Orleans, Gulfport-Biloxi, and Mobile among many other areas. Heavy rainfall caused flash flooding and home and property damage in numerous communities.

Access to self-storage units and portable storage containers is vital to communities when recovering from natural disasters. U-Haul is ready to help anyone affected by the flooding who needs a dry, secure storage solution at no cost for one month.

The 30 days free offer applies to new self-storage and U-Box rentals and is based on availability at participating locations. The U-Box offer is for on-site storage at Company facilities; delivery is available for a modest fee.

Please reference the list of participating companies below and the cities where centers are providing the disaster relief program. Visit any of the U-Haul-owned and -operated store locations in these cities or call the regional office nearest you to arrange 30 days of free storage.

U-Haul Co. of Southern Louisiana

Store locations (16): Gretna, Hammond, Harvey, Houma, Kenner, Marrero, Metairie, New Orleans, Slidell

(504) 245-1282

U-Haul Co. of South Central Louisiana

Store locations (16): Alexandria, Baton Rouge, Beaumont, Lafayette, Lake Charles, Leesville

(337) 313-0139

U-Haul Co. of Mississippi

Store locations (2): Biloxi, Gulfport

(601) 352-2602

U-Haul Co. of South Alabama (includes Florida stores)

Store locations (17): Elberta, Fort Walton Beach (Fla.), Milton (Fla.), Mobile, Panama City (Fla.), Panama City Beach (Fla.), Pensacola (Fla.), Robertsdale

(800) 633-6819

U-Haul Co. of Central Alabama

Store locations (16): Auburn, Birmingham, Dothan, Enterprise, Montgomery, Pelham, Prattville, Vestavia Hills

(205) 979-3013

U-Haul Co. of Northern Alabama

Store locations (17): Birmingham, Cottondale, Decatur, Florence, Fultondale, Gadsden, Guntersville, Huntsville, Madison, Oxford, Tuscaloosa

(256) 217-9696

In addition to its 30 days free self-storage disaster relief program, U-Haul is proud to be at the forefront of aiding communities in times of need as an official American Red Cross Disaster Responder.

For customers needing storage beyond the free period, the U-Haul 1-Year Price Lock is now available at 2,100 Company-owned facilities across the U.S. and Canada. Fixed-rate storage ensures at least 12 months with no price increase on your rental unit, and U-Haul never charges admin fees or deposits. Learn more at uhaul.com/Storage/1-Year-Price-Lock.

About U-HAUL

Founded in 1945, U-Haul is the No. 1 choice of do-it-yourself movers with more than 24,000 rental locations across all 50 states and 10 Canadian provinces. The U-Haul app makes it easy for customers to use U-Haul Truck Share 24/7 to access trucks anytime through the self-dispatch and -return options on their smartphones with our patented Live Verify technology. Our customers’ patronage has enabled the U-Haul fleet to grow to approximately 204,800 trucks, 136,600 trailers and 42,000 towing devices. U-Haul, which offers rate transparency to self-storage customers through its 1-Year Price Lock, is the third largest storage operator in North America with 1,136,000 rentable storage units and 99 million square feet of self-storage space at owned and managed facilities. U-Haul is the top retailer of propane in the U.S. and the largest installer of permanent trailer hitches in the automotive aftermarket industry. Get the U-Haul app from the App Store or Google Play.

NEW YORK, June 17, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Planet Fitness, Inc. (NYSE:PLNT) for potential securities fraud after its significant stock drop.

If you invested in Planet Fitness, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/planet-fitness-class-action-lawsuit.

Key Details of the Planet Fitness ($PLNT) Class Action Investigation:

Investigation Overview: Securities fraud regarding Planet Fitness’s failed marketing campaign that alienated the company’s core market and led to disappointing membership growth during the key Q1 sign-up period.Stock Decline: May 7, 2026 – 31% Stock DropAction: Contact BFA Law to discuss your rights Why is Planet Fitness Being Investigated for Securities Fraud?

Planet Fitness is a large franchisor and operator of fitness centers across the United States. The company aims to offer a fitness experience in a non-intimidating environment, which it calls the Judgement Free Zone. 

BFA is investigating whether Planet Fitness made false and misleading statements to investors regarding the purported success of its marketing campaign to focus on “fitness-minded” members.

Why did Planet Fitness’s Stock Drop?

On May 7, 2026, Planet Fitness released its Q1 2026 financial results. The company announced disappointing membership growth and cut 2026 revenue growth guidance from approximately 9% to about 7% and adjusted EBITDA growth guidance from roughly 10% to approximately 6%. During the same-day earnings call, the company stated that its marketing “may have pivoted too far” as the company “shift[ed] from [its] lighthearted approachable tone” to one that “increased penetration with the fitness-minded.”

This news caused the price of Planet Fitness stock to decline $19.95 per share, or 31%, from a closing price of $63.96 per share on May 6, 2026, to $44.01 per share on May 7, 2026.

Click here for more information: https://www.bfalaw.com/cases/planet-fitness-class-action-lawsuit.

What Can You Do?

If you invested in Planet Fitness, you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:

https://www.bfalaw.com/cases/planet-fitness-class-action-lawsuit

Or contact:

Adam McCall
[email protected]
212.789.3619

Why Bleichmar Fonti & Auld LLP?

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters.

Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff’s securities litigation law firm, with clients noting: “[t]here is no better service provider in the practice area,” “[t]he interest of the client is always front and center,” and “[t]here isn’t a better firm in this space.” One testimonial described the firm as “nimble and entrepreneurial,” with a “relentless focus on adding value for clients.” 

Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/planet-fitness-class-action-lawsuit

Attorney advertising. Past results do not guarantee future outcomes.

C.H. Robinson, the global leader in Lean AI supply chains, today announced the launch of BidBoardX™, a digital freight tool that gives carriers direct access to the company’s portfolio of longer-term committed freight opportunities, while giving shippers the strategic carrier base and operational options they need in a fast-evolving economy.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260612658965/en/

In response to customer and carrier desires, BidBoardX brings together two major industry needs:

Carriers have been looking for better access to committed freight, dependable opportunities, and predictable revenue streams. Shippers have been looking for more reliable coverage on critical lanes, a broader pool of carriers that fit their needs, and more consistency in service. Despite these overlapping needs, there has long been a disconnect that sent both sides looking for solutions on the spot market, with all the extra effort and unpredictability involved. BidBoardX closes that disconnect by creating an efficient online marketplace at the industry-leading scale of C.H. Robinson, which connects 450,000 carriers with 75,000 customers and manages 37 million shipments annually.

"C.H. Robinson works with carriers of all sizes that have different needs,” said Adam McDonough, Vice President for Capacity at C.H. Robinson. “Small carriers want consistent, predictable revenue opportunities, while mid- to large-size carriers want to optimize their networks. With BidBoardX, they get direct access to the opportunities that best fit their business needs, including local or short haul, dedicated freight, and our Drop Trailer Plus and 4PL programs. That’s how we connect unmet supply and demand and create significantly more value in the marketplace.”

Committed freight refers to planned, higher-volume shipments with defined timelines and expectations. For instance, it could mean a series of 400 loads between two cities, within a certain timeframe, on specific days of the week. This is the kind of steady, repeatable freight that carriers can plan around and for which shippers need coverage they can count on.

The same way C.H. Robinson’s network comprises carriers of all sizes, it also includes tens of thousands of shippers – ranging from small businesses to global enterprises – all with their own specific logistics needs. For carriers, finding these companies’ committed freight opportunities has historically been a manual process that involved long phone or email exchanges, with limited visibility into what was available. Through BidBoardX, available on C.H. Robinson’s digital platform, certified carriers in C.H. Robinson’s network can search for freight that previously wasn’t accessible to them, submit bids and track their activity – all through one user-friendly online interface. As a result:

Carriers can find more freight, thanks to C.H. Robinson’s industry-leading scale. They can use advanced search tools to find the opportunities best fit for them and bid on deals of various sizes. They can go beyond one-off transactions and build strong relationships with leading shippers. BidBoardX builds on C.H. Robinson’s Carrier Commitment: delivering more loads, smarter solutions and personalized support. By lowering the barriers to entry for committed freight, it levels the playing field for carriers of all sizes in the C.H. Robinson network, reduces friction, and saves significant time and effort. This allows carriers to spend more time moving loads instead of searching for them.

At the same time, it preserves the crucial human element by involving C.H. Robinson’s trusted experts in the process. As they review and finalize bids, they help ensure that carriers and shippers are a good fit for each other. For shippers, this is an extra layer of assurance that the carriers moving their freight meet strict safety standards.

“The carrier market has long been built around fragmented, transactional decisions,” said Michael Castagnetto, C.H. Robinson’s President of North American Surface Transportation. “What we’re doing with BidBoardX is creating a more structured, network-driven approach that helps carriers build their business with greater stability, while giving shippers more dependable outcomes. At our scale, that is the kind of improvement that can drive meaningful impact across the supply chain.”

BidBoardX is available today. Carriers can sign up via the C.H. Robinson carrier platform.

About C.H. Robinson

C.H. Robinson is the global leader in Lean AI supply chains. For more than a century, companies everywhere have looked to us to reimagine how goods move. Now, as we redefine what’s next for the industry, that same drive fuels our commitment to Building Tomorrow’s Supply Chains, Today™. Trusted by 75,000 customers and 450,000 contract carriers, we manage an unmatched 37 million shipments annually, representing $23 billion in freight. We deliver tailored solutions across the world via truckload, less-than-truckload, ocean, air and more. With our unique combination of human insight and Lean AI working as one, supply chains move faster, smarter and more sustainably. As a responsible global citizen, we proudly contribute millions to the causes that matter most to our employees. For more information visit www.chrobinson.com. (Nasdaq: CHRW)

View source version on businesswire.com: https://www.businesswire.com/news/home/20260612658965/en/

Symbotic Inc. (SYM - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.

Over the past month, shares of this company have returned -19.6%, compared to the Zacks S&P 500 composite's +0.3% change. During this period, the Zacks Technology Services industry, which SYMBOTIC INC falls in, has lost 2.9%. The key question now is: What could be the stock's future direction?

Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.

Earnings Estimate RevisionsRather 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.

Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.

For the current quarter, SYMBOTIC INC is expected to post earnings of $0.12 per share, indicating a change of +340% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.

For the current fiscal year, the consensus earnings estimate of $0.5 points to a change of -72.5% from the prior year. Over the last 30 days, this estimate has remained unchanged.

For the next fiscal year, the consensus earnings estimate of $0.63 indicates a change of +25.8% from what SYMBOTIC INC is expected to report a year ago. Over the past month, the estimate has remained unchanged.

Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, SYMBOTIC INC is rated Zacks Rank #3 (Hold).

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Revenue Growth ForecastEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.

For SYMBOTIC INC, the consensus sales estimate for the current quarter of $714.76 million indicates a year-over-year change of +20.7%. For the current and next fiscal years, $2.79 billion and $3.62 billion estimates indicate +24.1% and +30% changes, respectively.

Last Reported Results and Surprise HistorySYMBOTIC INC reported revenues of $676.48 million in the last reported quarter, representing a year-over-year change of +23.1%. EPS of $0.44 for the same period compares with -$0.04 a year ago.

Compared to the Zacks Consensus Estimate of $660.6 million, the reported revenues represent a surprise of +2.4%. The EPS surprise was +300%.

Over the last four quarters, SYMBOTIC INC surpassed consensus EPS estimates three times. 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.

While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.

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.

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

Retail stocks have staged an impressive comeback as resilient consumer spending, improving inventory management, and strong execution continue to drive earnings growth.

Notably, Casey's General Stores (CASY - Free Report) ), Ross Stores (ROST - Free Report) ), and Dillard's (DDS - Free Report) ) are prime examples of such, with each sporting a coveted Zacks Rank #1 (Strong Buy), reflecting analysts' growing optimism and positive earnings estimate revisions.

Let's take a closer look at why analyst sentiment has turned bullish on these three highly ranked retail stocks. 

Casey's Stellar Expansion ContinuesCasey's General Stores has been one of the standout performers in the convenience store space. The company operates nearly 3,000 stores across the Midwest and continues to benefit from strong demand for prepared foods, beverages, and fuel.

The retailer has consistently delivered better-than-expected quarterly results, driven by robust inside sales and expanding profit margins. Casey's ongoing store expansion strategy and acquisition-driven growth have further strengthened its competitive position.

Analysts have become increasingly bullish on the company’s earnings outlook, with Casey’s benefiting from steady consumer demand in smaller communities where it maintains a dominant presence.

With strong execution, growing foodservice sales, and continued expansion opportunities, Casey's appears well-positioned to keep rewarding shareholders.

Ross is Benefiting from the Off-Price Retail TrendRoss Stores remains one of the biggest beneficiaries of consumers seeking value amid an uncertain economic backdrop. The off-price retailer continues to attract bargain-hunting shoppers through its treasure-hunt shopping experience and discounted brand-name apparel merchandise.

The company has demonstrated impressive resilience despite inflationary pressures and changing consumer spending habits. Strong traffic trends and disciplined inventory management have helped Ross maintain healthy profitability.

Wall Street has responded by raising earnings estimates and Ross still has a significant runway for store expansion across the United States.

As consumers remain focused on value, Ross appears well-positioned to capitalize on ongoing demand for discounted apparel, home goods, and accessories.

Dillard's Keeps Generating Strong Cash FlowDepartment store operator Dillard's has quietly emerged as one of the strongest performers in the retail sector over the last several years. The company has distinguished itself through disciplined inventory management, expense controls, and a focus on profitability.

Unlike many traditional department store peers, Dillard's has consistently delivered strong margins and impressive free cash flow generation. Dillard's has also used its financial strength to reward shareholders through dividends and share repurchases.

Despite operating in a competitive retail landscape, Dillard's continues to benefit from a loyal customer base and premium merchandise offerings.

With solid fundamentals and shareholder-friendly capital allocation, Dillard's could continue outperforming expectations.

Bottom LineInvestors searching for retail stocks backed by positive earnings estimate revisions may want to consider Casey's General Stores, Ross Stores, and Dillard's. With earnings expectations moving higher, these retailers could have intriguing upside, making them attractive candidates for growth-oriented investors looking for strength in the retail sector.

PayPal Holdings was one of the first companies in what is now known as the financial technology, or fintech, industry. It had a great run, but more recently PayPal stock has been a disaster, falling 32% during the past three years. It has struggled with fierce competition, and leadership turnover hasn't helped it right the ship.

On the other hand, SoFi Technologies (SOFI +2.96%) is among a new group of fintech companies that are changing how people interact with money. Putting the two companies next to each other definitely paints PayPal as yesterday's news versus the rising star.

But is SoFi Technologies stock, up 75% during the past three years, actually the better buy? Here's what you need to know.

Image source: Getty Images.

PayPal has struggled to adapt to the times PayPal remains a prominent player in payments, with about 439 million active accounts. The problem is that competition has crept up on PayPal. Apple and Alphabet have infiltrated the industry with their digital wallets. Meanwhile, PayPal's margins have dropped as its white-label payments business outgrew its more profitable branded checkout.

Today's Change

(

1.02

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0.43

Current Price

$

42.51

The company hired Alex Chriss from Intuit as chief executive officer in 2023 to rejuvenate branded checkout but fired him earlier this year. New CEO Enrique Lores will now draw on his experience at HP to help PayPal compete in today's market. The network effect from PayPal's legacy business has kept it around, but its failure to really grow and engage its base has been frustrating.

SoFi's super app is disrupting the industry PayPal would love to have SoFi's growth. The digital banking company has almost tripled its user base from 5.22 million in 2022 to 14.70 million today. PayPal has added 3 million new active accounts during the past year, which sounds impressive until you realize that translates to 0.6% growth.

What's the secret sauce? SoFi has built a super app, a one-stop shop that houses all its products and services. People can bank, send money, borrow, save, trade stocks and cryptocurrencies, and manage their credit all on the app or website. Unlike traditional banks with physical branches, SoFi doesn't incur the overhead of operating branches.

SoFi built its name in the student loan industry before evolving into what it is today. That has given SoFi name recognition among millennials and Gen Z consumers, who will be the prime customer demographic for the foreseeable future. SoFi has grown to the point that its earnings and book value are skyrocketing, which bodes well for the stock's future.

SOFI Net Income (TTM) data by YCharts.

The rising star is the better buy, but it comes with two big risks PayPal seems like the obvious buy at first glance because the stock trades at less than 8 times 2026 earnings estimates. That sets very low expectations and leaves room for upside if the company were to execute better. SoFi is far more expensive at almost 30 times 2026 earnings estimates. But for a long-term investor, the better company tends to win out the longer you wait.

Barring a shocking setback, SoFi's strong growth will drive its stock to overtake and outperform PayPal's in relatively short order. After all, analyst estimates call for SoFi's earnings to increase by an average of 31% annually during the next three to five years versus PayPal's 7% to 8% growth rate.

Today's Change

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2.96

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0.52

Current Price

$

17.93

But buying SoFi does come with two big risks. First, a higher valuation can hurt investors if SoFi falls short of those growth expectations. Second, SoFi has operated as a bank since 2022 and carries loans on its balance sheet. There is investment risk whenever a company holds loans, because a recession could impair borrowers' ability to repay their loans, or interest rates could affect the market value of those loans.

In other words, SoFi's business model carries more inherent uncertainty, which is often an argument for a lower valuation, not a higher one. Still, SoFi is executing miles ahead of PayPal, so despite the risks of investing in a bank, it's still the better buy.

SOFI stock is moving. See the chart and price action here.  Insider BuysNoto picked up another 13,888 shares on June 16 at a weighted average price of $18.06, according to a Form 4 filed with the SEC. 

The purchase adds roughly $250,800 to a 2026 insider buying total that now sits at approximately $2.25 million across five separate transactions — all open-market purchases, no awards.

The pattern is hard to ignore. Noto’s first buy of the year came on March 2, when he acquired 56,000 shares at a weighted average of $17.88, spending just over $1 million in a single trade. 

Two weeks later on March 17, he was back, adding 28,900 shares at $17.32 for another $500,500. 

Then in May, he made two more purchases in quick succession — 15,878 shares on May 8 at $15.73, and 15,545 shares on May 11 at $16.00. The May buys coincided with the stock near its 2026 lows.

In total, Noto has purchased 130,211 shares in 2026 at a blended average price of about $17.29. He now holds approximately 11.96 million SOFI shares directly.

The Big PictureSoFi stock closed Tuesday at $17.71 — down roughly 46% from its 52-week high of $32.73, according to Benzinga Pro. Noto is buying into sustained weakness, not chasing momentum.

Insider buying is widely watched as a potential signal of management confidence, but it’s rarely a direct read on near-term price action. 

What stands out here isn’t any single purchase — it’s the cadence. Five tranches over three and a half months, spread across different price points, suggests a deliberate and ongoing accumulation strategy rather than a one-time vote of confidence.

Noto has been CEO since 2018 and holds a significant personal stake in the company’s outcome. His buying activity doesn’t guarantee a stock recovery, but five purchases in a year — totaling more than $2.2 million of his own money — is a data point worth tracking.

SOFI Stock Price Activity: SoFi stock was up 1.58% at $17.98 during premarket trading Wednesday, according to Benzinga Pro.

Over the past month, SOFI has gained about 16.2% versus a 1.4% rise in the S&P 500 and is down roughly 33% year-to-date compared to the index’s 9.4% gain.

Photo: Shutterstock

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Anthony Noto's latest $251,000 open-market purchase brings his ownership to $215 million. Summary

SoFi CEO Anthony Noto bought 13,888 shares at $18.06 on June 16, his fifth open-market purchase since March.

SoFi Technologies SOFI rose 1.69% intraday after CEO Anthony Noto purchased 13,888 shares on the open market on June 16 at an average price of $18.06, totalling approximately $251,000. The buy brings Noto's direct holdings to 11,960,507 shares, making his stake at $215 million at current levels.

The purchase follows a pattern of open-market buying by Noto during periods of share price weakness. In March 2026, he acquired 56,000 shares for approximately $1 million, and another 60,000 across multiple transactions before yesterday. SoFi posted Q1 adjusted net revenue of $1.1 billion, up 41% year-over-year, with adjusted EBITDA of $339.9 million, up 62%, and net interest income of $693 million, up 39%. Despite the strong results, the stock came under pressure after management held full-year guidance steady rather than raising it.

The Fed's June 16-17 meeting adds another dimension for SoFi specifically. As a fintech bank with lending margins directly tied to interest rates, any shift in Chair Kevin Warsh's tone on cuts or hikes carries direct implications for the company's net interest income trajectory.

CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs. Insider Cluster Buys: Stocks that multiple company officers and directors have bought. Double Buys: Companies that both Gurus and Insiders are buying Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

Key Takeaways SOFI's cross-buy activity reached 43% in Q1 2026 as more members adopted multiple products.SoFi uses banking, investing, lending, and other services to deepen customer engagement.Higher product adoption can improve unit economics, lower acquisition costs, and boost member value. SoFi Technologies (SOFI - Free Report) continues to strengthen one of the most important advantages in digital finance: its ability to deepen relationships with existing members. The company’s Financial Services Productivity Loop appears to be creating a powerful cycle that encourages customers to adopt more products over time, increasing both engagement and long-term value.

At the center of the strategy is SoFi’s effort to become a one-stop financial destination. Members can access a broad range of products, including banking, investing, credit cards, loans, insurance, cryptocurrency services and workplace financial solutions. As customers engage with more offerings, SoFi gains additional opportunities to cross-sell products while improving the overall member experience.

The effectiveness of this approach is becoming increasingly visible. Cross-buy activity accelerated to 43% in the first quarter of 2026, indicating that a growing percentage of members are adopting multiple products within the ecosystem. This trend is significant because customers who use several services typically become more engaged, more loyal and more valuable over time.

The model also creates economic advantages. Higher product adoption can lower customer acquisition costs, improve unit economics and generate greater lifetime value per member. Those benefits can then be reinvested into new products, platform enhancements and additional innovation, helping to attract even more members into the ecosystem.

Supporting the entire strategy is SoFi’s technology platform, which enables the company to scale efficiently while continuously expanding its product suite.

For investors, the key takeaway is that SoFi’s Financial Services Productivity Loop may be evolving into a durable competitive advantage. As members continue adopting more products and engagement levels rise, the company appears well-positioned to drive sustainable growth while strengthening the economics of its business.

Peer ComparisonUpstart (UPST - Free Report) provides a useful comparison. While Upstart focuses on AI-driven lending, its loan volumes remain sensitive to funding availability, making profitability more uneven. In contrast, SoFi’s stronger balance sheet and diversified model offer greater stability.

Another relevant peer is LendingClub (LC - Free Report) . It operates a marketplace-bank hybrid model and prioritizes credit discipline and deposit stability. However, it has not matched SoFi’s pace of member growth or the scale of its fee-based revenues. With a more limited product lineup and slower diversification, LendingClub highlights how difficult it can be to achieve the level of operating leverage that SoFi is now starting to demonstrate.

SOFI’s Price Performance, Valuation and EstimatesThe stock has gained 23% over the past year against the industry’s 14% decline.

                                                          Image Source: Zacks Investment Research

From a valuation standpoint, SOFI trades at a forward price-to-earnings ratio of 26.42X, well above the industry’s 10.17X. It carries a Value Score of F.

                                                                Image Source: Zacks Investment Research

The Zacks Consensus Estimate for SOFI’s 2026 earnings has remained unchanged over the past 30 days.

                                                                    Image Source: Zacks Investment Research

SOFI stock currently carries a Zacks Rank #4 (Sell).

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

In the latest close session, SoFi Technologies, Inc. (SOFI - Free Report) was down 1.75% at $17.40. The stock's change was less than the S&P 500's daily loss of 1.22%. Meanwhile, the Dow experienced a drop of 0.98%, and the technology-dominated Nasdaq saw a decrease of 1.35%.

The company's stock has climbed by 16.28% in the past month, exceeding the Finance sector's gain of 5.2% and the S&P 500's gain of 1.56%.

Investors will be eagerly watching for the performance of SoFi Technologies, Inc. in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.12, showcasing a 50% upward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $1.12 billion, up 29.99% from the year-ago period.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.6 per share and a revenue of $4.65 billion, representing changes of +53.85% and +29.55%, respectively, from the prior year.

Investors should also pay attention to any latest changes in analyst estimates for SoFi Technologies, Inc. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 1.33% upward. As of now, SoFi Technologies, Inc. holds a Zacks Rank of #4 (Sell).

Digging into valuation, SoFi Technologies, Inc. currently has a Forward P/E ratio of 29.75. This valuation marks a premium compared to its industry average Forward P/E of 10.93.

The Financial - Miscellaneous Services industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 146, placing it within the bottom 41% of over 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.

Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.

SoFi Technologies shares are trending higher. Why is SOFI stock trading higher? Noto bought another 13,888 shares on June 16 at a weighted average price of $18.06, extending a 2026 open-market buying streak to five separate purchases. Across those buys, he has purchased 130,211 shares in 2026 at a blended average price of about $17.29 and now holds about 11.96 million shares directly.

Critical Levels To Watch for SOFI StockFrom a trend perspective, SOFI is trying to stabilize after a rough longer-term slide: it's still trading 21.8% below its 200-day SMA ($22.73), and the 50-day SMA remains below the 200-day SMA after the death cross in March. The stock is, however, back above its shorter-term baselines—6.2% above the 20-day SMA ($16.74) and 5.2% above the 50-day SMA ($16.91)—which often matters for swing traders looking for a base to form.

Momentum is improving: MACD is above its signal line and the histogram is positive, which suggests downside pressure is easing versus the prior downswing. In plain terms, when MACD is above its signal line, it typically means buyers are gaining traction even if the bigger trend hasn't fully flipped yet.

Key Resistance: $19.00 — a nearby round-number area where rebounds can stall Key Support: $16.00 — a nearby level that lines up with a recent pivot zone and sits close to the 20-day/50-day area What Is SoFi Technologies and Its Business Model?SoFi is a financial-services company that was founded in 2011 and is based in San Francisco. It started with student loan refinancing, but it's expanded into personal loans, credit cards, mortgages, investing, banking services, and financial planning—built to be a one-stop shop that runs through its app and website.

SoFi Technologies Benzinga Edge Rankings ExplainedBelow is the Benzinga Edge scorecard for SoFi Technologies, highlighting its strengths and weaknesses compared to the broader market:

Momentum: Weak (Score: 18.57) — Despite the recent bounce, the stock's momentum profile still lags stronger-trending names. Growth: Strong (Score: 98.15) — The scorecard is flagging SOFI as growth-leaning, which can keep the stock sensitive to sentiment shifts in high-beta tech. The Verdict: SoFi Technologies’s Benzinga Edge signal reveals a growth-heavy profile with weak momentum, which fits a stock that's trying to repair its chart after a longer drawdown. For longer-term bulls, the setup improves if price can reclaim the $19.00 area and start closing the gap to the 200-day trend zone.

SOFI Stock Price Movement on ThursdaySOFI Stock Price Activity: SoFi Technologies shares were up 1.72% at $17.72 at the time of publication on Thursday, according to Benzinga Pro data.

Image: Shutterstock

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Kenvue (KVUE +0.61%) was a part of Johnson & Johnson until the parent company spun off its consumer health division to form the company nearly three years ago. As a spun-off entity, Kenvue retained the title of Dividend King, an elite group of public companies that have raised their dividend annually for 50 or more consecutive years.

Since the spinoff, Kenvue has continued to increase its dividend, including a 1.2% bump last year to $0.275 per share. That's 63 consecutive years of increases. The dividend yield is a sizable 4.53% at its current share price.

Here are three reasons to buy the healthcare stock hand over fist right now, either for income-oriented investors or as a short-term move:

Image source: Getty Images.

1. The impending Kimberly-Clark merger play The biggest catalyst on the horizon is Kenvue's pending $40 billion mega-merger with Kimberly-Clark (KMB +1.07%), which is also a Dividend King, with 54 consecutive years of dividend increases. This deal could transform Kenvue from a slow-growth spinoff into a lean, optimized consumer goods powerhouse.

Consumer staples company Kimberly-Clark said it expects the combined company to capture roughly $2.1 billion in run rate cost synergies. Instead of a centralized corporate bureaucracy, local markets are being given full profit-and-loss ownership, allowing them to move quickly while leveraging Kimberly-Clark's massive global supply chain and distribution network to expand margins.

Kenvue shareholders will receive $3.50 per share in cash, plus 0.14625 Kimberly-Clark shares for each Kenvue share held, for a total consideration of $21.01 per share. When the deal was announced, Kenvue's stock, not surprisingly, went to $21 per share, but now it trades around $18.32, so buying the stock before the merger finalizes offers investors a clear benefit of nearly $3 per share.

The deal has already been approved by stockholders at both companies, though it still must be approved by foreign regulators.

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2. A fortress portfolio of iconic brands Even in economic downturns, consumers rarely cut back on essential health and self-care items. Kenvue owns some of the most dominant, trusted pure-play consumer health products in the world, including pain medicines Tylenol and Motrin, allergy medicines Zyrtec and Benadryl, Listerine mouthwash, skin and beauty products Neutrogena and Aveeno, and first-aid stalwarts Band-Aid and Neosporin.

These are all household names, giving Kenvue significant pricing power to combat inflation. They have consistently demonstrated an ability to protect gross margins because customers prefer paying for trusted efficacy over generic store brands when it comes to their health.

If the Kimberly-Clark deal goes through, those iconic brands will benefit from the larger consumer company's supply chain. If the deal doesn't succeed, Kenvue is doing fine financially. In the first quarter, it reported revenue of $3.9 billion, up 4.5% year over year, and earnings per share (EPS) of $0.25, up 47% over the same period last year.

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3. A good dividend will get even better In a volatile market, Kenvue acts as an excellent ballast. The stock features an exceptionally low beta of 0.50, meaning it experiences only a fraction of the wild swings seen in the broader S&P 500.

More importantly for income investors, it boasts a hefty dividend yield. The best part is that high yield may even go up after the merger. Kimberly-Clarke's dividend yield is slightly higher at around 4.9%, while its payout yield is lower.

The one complication of the merger is that to realize the full benefit of the higher dividend, investors will need to spend the cash they receive from their Kenvue shares on additional Kimberly-Clark stock.

TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC) today announced that its Board of Directors has declared a quarterly cash dividend of $0.79 per common share. The dividend will be payable on August 6, 2026, to shareholders of record as of July 20, 2026.

Future dividend declarations will be made at the discretion of the Board of Directors and will be based on the company’s earnings, financial condition, cash requirements, future prospects, and other factors.

About Owens Corning

Owens Corning is a branded building products leader with three complementary market-leading businesses providing roofing, insulation, and doors primarily for residential markets in North America and Europe. The company operates with an integrated go-to-market strategy and a unique set of OC Advantages™ – including its iconic brand, unparalleled commercial strength, leading technology, and winning cost position – to help customers win and grow in the market. Owens Corning is committed to helping build better and achieve more through winning partnerships, leading performance, and engaging people. Founded in 1938 and headquartered in Toledo, Ohio, Owens Corning is listed on the New York Stock Exchange (NYSE: OC). For more information, visit www.owenscorning.com.

Owens Corning Company News / Owens Corning Investor Relations News

Advancing transparency and responsible journal evaluation

, /PRNewswire/ -- Clarivate Plc (NYSE: CLVT), a leading global provider of transformative intelligence, today announced the release of the Journal Citation Reports 2026. Now in its sixth decade, Journal Citation Reports (JCR) continues to provide a publisher-neutral framework for assessing journal influence across the global research ecosystem.

The 2026 edition builds on a series of recent enhancements designed to improve consistency, transparency and inclusivity in journal-level metrics. It includes metrics for 22,643 journals across 254 categories, reflecting the breadth and diversity of scholarly publishing worldwide.

Bar Veinstein, President, Academia & Government at Clarivate, said: "As scholarly publishing continues to evolve, we remain focused on helping publishers, librarians and researchers make informed decisions with confidence. The Journal Citation Reports 2026 reflects our ongoing commitment to supporting the research community with trusted, transparent and context-rich journal intelligence.

"Our publisher-neutral approach, ongoing refinements and focus on research integrity means that JCR continues to serve as a gold-standard benchmark for the global scholarly community, over fifty years after its first publication."

New data highlights growing diversification of research

The 2026 release, reflecting 2025 data, highlights several notable trends shaping scholarly publishing:

Expansion of global participation: 521 journals received a Journal Impact Factor for the first time, from 47 countries/regions. Of these journals, 58% are based outside the United States and Western EuropeShifts in author geography: Mainland China and the United States remain the most represented countries/regions, accounting for 48% of author affiliationsGlobal South representation continues to grow. The countries/regions with the largest increases in author representation from 2023 to 2025 are Mainland China (23%) and India (12%)Global South author affiliations increased 6% from 2024 and 10% from 2023.These trends underscore the increasing globalization and diversification of research output.

Supporting responsible use of journal metrics

To support more balanced and contextual interpretation, the JCR provides a range of complementary indicators beyond the Journal Impact Factor, including field-normalized metrics such as the Journal Citation Indicator (JCI), descriptive data and category-level benchmarks. The journal-level indicators contained within the JCR are designed to support journal evaluation, not to assess the performance of individual researchers or articles.

This multidimensional approach enables publishers, librarians and researchers to interpret journal performance within the appropriate disciplinary and methodological context, supporting more informed decision-making.

A consistent and trusted foundation for the global research community

Consistency remains a defining strength of Journal Citation Reports. Stable methodology and dependable year-on-year data enable stakeholders to:

Evaluate journal performanceSupport collection and funding decisionsInterpret trends across disciplines over time. Learn more about the Journal Citation Reports 2026 release.

Notes to editors:

About Clarivate
Clarivate is a leading global provider of transformative intelligence. We offer enriched data, insights & analytics, workflow solutions and expert services in the areas of Academia & Government, Intellectual Property and Life Sciences & Healthcare. For more information, please visit www.clarivate.com

Media contact:
Amy Bourke-Waite, Senior Director External Communications
[email protected]

View original content to download multimedia:https://www.prnewswire.com/news-releases/clarivate-releases-journal-citation-reports-2026-302802576.html

SOURCE Clarivate Plc

Twilio (TWLO - Free Report) closed the most recent trading day at $186.17, moving -1.03% from the previous trading session. This change lagged the S&P 500's daily gain of 1.09%. Meanwhile, the Dow experienced a rise of 0.14%, and the technology-dominated Nasdaq saw an increase of 1.91%.

The company's shares have seen a decrease of 0.64% over the last month, not keeping up with the Computer and Technology sector's gain of 0.22% and the S&P 500's gain of 0.29%.

Investors will be eagerly watching for the performance of Twilio in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $1.31, marking a 10.08% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $1.42 billion, up 15.84% from the prior-year quarter.

In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.63 per share and a revenue of $5.81 billion, indicating changes of +15.13% and +14.61%, respectively, from the former year.

Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Twilio. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Twilio is currently sporting a Zacks Rank of #3 (Hold).

In the context of valuation, Twilio is at present trading with a Forward P/E ratio of 33.44. This signifies a premium in comparison to the average Forward P/E of 18.05 for its industry.

We can additionally observe that TWLO currently boasts a PEG ratio of 1.86. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. TWLO's industry had an average PEG ratio of 1 as of yesterday's close.

The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 84, which puts 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.

Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.

TORONTO, June 16, 2026 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) (“Fairfax”) announced today that the previously announced acquisition of Kennedy-Wilson Holdings, Inc. (“Kennedy Wilson”) by an entity affiliated with a consortium (the “Consortium”) led by William McMorrow, Chairman and Chief Executive Officer of Kennedy Wilson, certain other senior executives of the Company (collectively, the “KW Management Group”), and certain affiliates of Fairfax for US$10.90 per share in cash pursuant to a Merger Agreement has been completed. The KW Management Group, led by William McMorrow, has effective and operational control of and continues to lead and have ultimate responsibility for Kennedy Wilson and its subsidiaries while Fairfax holds a majority of the economic interest.

In addition, an affiliate of the Consortium (the “Borrower”) entered into a Term Loan Credit Agreement (the “Credit Agreement”) pursuant to which it obtained a three-year US$1.3 billion term loan facility. In connection with the Credit Agreement, Fairfax agreed to provide a stand-by guarantee pursuant to which Fairfax would agree, upon the occurrence of certain events under the Credit Agreement, to guarantee in favour of the lenders the obligations of the Borrower under the Credit Agreement.

About Fairfax

Fairfax Financial Holdings Limited is a holding company which, through its subsidiaries, is primarily engaged in property and casualty insurance and reinsurance and the associated investment management.

Fairfax Financial Holdings Limited’s head and registered office is located at 95 Wellington Street West, Suite 800, Toronto, Ontario, M5J 2N7.

For further information, contact:John Varnell, Vice President, Corporate Development at (416) 367-4941
Certain statements contained herein may constitute “forward-looking statements” and are made pursuant to the “safe harbour” provisions of applicable Canadian and U.S. securities laws. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Fairfax to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, but are not limited to: our ability to complete acquisitions and other strategic transactions on the terms and timeframes contemplated, and to achieve the anticipated benefits therefrom; a reduction in net earnings if our loss reserves are insufficient; underwriting losses on the risks we insure that are higher than expected; the occurrence of catastrophic events with a frequency or severity exceeding our estimates; changes in market variables, including unfavourable changes in interest rates, foreign exchange rates, equity prices and credit spreads, which could negatively affect our operating results and investment portfolio; the cycles of the insurance market and general economic conditions, which can substantially influence our and our competitors’ premium rates and capacity to write new business; insufficient reserves for asbestos, environmental and other latent claims; exposure to credit risk in the event our reinsurers fail to make payments to us under our reinsurance arrangements; exposure to credit risk in the event our insureds, insurance producers or reinsurance intermediaries fail to remit premiums that are owed to us or failure by our insureds to reimburse us for deductibles that are paid by us on their behalf; our inability to maintain our long term debt ratings, the inability of our subsidiaries to maintain financial or claims paying ability ratings and the impact of a downgrade of such ratings on derivative transactions that we or our subsidiaries have entered into; risks associated with implementing our business strategies; the timing of claims payments being sooner or the receipt of reinsurance recoverables being later than anticipated by us; risks associated with any use we may make of derivative instruments; the failure of any hedging methods we may employ to achieve their desired risk management objective; a decrease in the level of demand for insurance or reinsurance products, or increased competition in the insurance industry; the impact of emerging claim and coverage issues or the failure of any of the loss limitation methods we employ; our inability to access cash of our subsidiaries; an increase in the amount of capital that we and our subsidiaries are required to maintain and our inability to obtain required levels of capital on favourable terms, if at all; the loss of key employees; our inability to obtain reinsurance coverage in sufficient amounts, at reasonable prices or on terms that adequately protect us; the passage of legislation subjecting our businesses to additional adverse requirements, supervision or regulation, including additional tax regulation, in the United States, Bermuda, Canada or other jurisdictions in which we operate; risks associated with applicable laws and regulations relating to sanctions, anti-money laundering and corrupt practices in Canada and in foreign jurisdictions in which we operate; risks associated with government investigations of, and litigation and negative publicity related to, insurance industry practice or any other conduct; risks associated with political and other developments in foreign jurisdictions in which we operate; risks associated with legal or regulatory proceedings or significant litigation; failures or security breaches of our computer and data processing systems; the influence exercisable by our significant shareholder; adverse fluctuations in foreign currency exchange rates; our dependence on independent brokers over whom we exercise little control; financial reporting risks relating to deferred taxes associated with amendments to IAS 12 – Income Taxes; impairment of the carrying value of our goodwill, indefinite-lived intangible assets or investments in associates; our failure to realize deferred income tax assets; risks associated with Canadian or foreign tax laws, or the interpretation thereof; technological or other change that adversely impacts demand, or the premiums payable, for the insurance coverages we offer; disruptions of our information technology systems; assessments and shared market mechanisms that may adversely affect our insurance subsidiaries; risks associated with economic disruptions from global conflicts and the development of other geopolitical events worldwide; and risks associated with tariffs, trade restrictions, or other regulatory measures imposed by domestic or foreign governments that may, directly or indirectly, affect our business. Additional risks and uncertainties are described in our most recently issued Annual Report which is available at www.fairfax.ca and on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov, and in our base shelf prospectus (under “Risk Factors”) filed with the securities regulatory authorities in Canada, which is available on SEDAR+ at www.sedarplus.ca. Fairfax disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities law.

BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Kennedy-Wilson, Inc. (the “Issuer”), a wholly-owned subsidiary of global real estate investment company Kennedy-Wilson Holdings, Inc. (the “Company” or “Kennedy Wilson”), today announced the expiration and results of its previously announced offer to purchase for cash (the “Offer”) any and all of its outstanding 5.000% Senior Notes due 2031 (the “Notes”), upon the terms and subject to the conditions set forth in the Offer to Purchase, dated May 15, 2026 (the “Offer to Purchase”). The Offer was made pursuant to the Fundamental Change Offer provisions of the indenture governing the Notes (the “Indenture”) in connection with the acquisition of the Company pursuant to an Agreement and Plan of Merger (the “Merger Agreement”), dated as of February 16, 2026, as amended on March 15, 2026, by and among the Company, Kona Bidco, LLC and Kona Merger Subsidiary, Inc. (“Merger Sub”), an entity affiliated with a consortium led by William McMorrow, Chairman and Chief Executive Officer of the Company, and certain other senior executives of the Company, and including Fairfax Financial Holdings Limited (“Fairfax”) (collectively, the “Consortium”), pursuant to which Merger Sub merged with and into the Company, and the Company continued as the surviving corporation (the “Merger”). The consummation of the Merger constituted a Fundamental Change under the Indenture.

The Offer expired at 5:00 p.m., New York City time, on June 15, 2026 (the “Expiration Time”). According to information provided by D.F. King & Co., Inc., as tender and information agent for the Offer (the “Tender and Information Agent”), $594,152,000 aggregate principal amount of Notes, representing 99.03% of the $600,000,000 aggregate principal amount of the Notes outstanding as of the date of the Offer to Purchase, were validly tendered and not validly withdrawn at or prior to the Expiration Time.

The Issuer has accepted for purchase all Notes validly tendered and not validly withdrawn at or prior to the Expiration Time. The table below sets forth information about the Notes:

Issuer

Title of Security

CUSIP No.

Aggregate Principal Amount Outstanding

Aggregate Principal Amount Tendered and Accepted for Purchase

Purchase Price (per $1,000 principal amount) (1)

Accrued Interest

Kennedy-Wilson, Inc.

5.000% Senior Notes due 2031

489399AM7

$600,000,000

$594,152,000

$1,010.00 (101.000% of principal amount)

Accrued and unpaid interest to, but excluding, the Purchase Date

Payment for Notes validly tendered and not validly withdrawn and accepted for purchase was made on June 16, 2026 (the “Purchase Date”), in immediately available funds through the Tender and Information Agent and The Depository Trust Company (“DTC”). Following the purchase and cancellation of the Notes accepted for purchase pursuant to the Offer, $5,848,000 aggregate principal amount of Notes remain outstanding.

No Consent Solicitation

The Offer was not being made in connection with any consent solicitation, and Kennedy Wilson did not seek any amendment, waiver or modification of the Indenture governing the Notes in connection with the Offer. Notes not tendered and purchased in the Offer will remain outstanding and will continue to be governed by the existing terms of the Indenture.

Tender and Information Agent

D.F. King & Co., Inc. was appointed as tender and information agent for the Offer. Questions concerning the Offer may be directed to the Tender and Information Agent by phone (toll-free) at (877) 297-1746 or (all other calls) at (212) 256-9073, or by email at [email protected].

Offer Disclaimer

This press release is for informational purposes only and does not constitute an offer to purchase or a solicitation of an offer to sell the Notes. The Offer was made only pursuant to the Offer to Purchase and the related materials. The complete terms and conditions of the Offer are described in the Offer to Purchase, copies of which may be obtained by contacting the Tender and Information Agent using the contact information set forth above.

About Kennedy Wilson

Kennedy Wilson is a leading real estate investment company with $36 billion of assets under management in high growth markets across the United States, the UK and Ireland. Drawing on decades of experience, its relationship-oriented team excels at identifying opportunities and building value through market cycles, closing more than $60 billion in total transactions across the property spectrum since going public in 2009. Kennedy Wilson owns, operates, and builds real estate within its high-quality, core real estate portfolio and through its investment management platform, where the company targets opportunistic equity and debt investments alongside partners. For further information, please visit www.kennedywilson.com.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, which are made pursuant to the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and any applicable Canadian securities regulations. These forward-looking statements are necessarily estimates reflecting the judgment of the Company’s senior management based on the Company’s current estimates, expectations, forecasts and projections and include comments that express the Company’s current opinions about trends and factors that may impact future results. Disclosures that use words such as “believe,” “may,” “anticipate,” “estimate,” “intend,” “could,” “plan,” “expect,” “project” or the negative of these, as well as similar expressions, are intended to identify forward-looking statements.

Forward-looking statements involve significant known and unknown risks and uncertainties that may cause the Company’s actual results in future periods to differ materially from those projected or contemplated in the forward-looking statements. The inclusion of such statements should not be regarded as a representation that such plans, estimates or expectations will be achieved.

Forward-looking statements are not guarantees of future performance, rely on a number of assumptions concerning future events, many of which are outside of the Company’s or Fairfax’s control, and involve known and unknown risks and uncertainties that could cause the Company’s or Fairfax’s actual results, performance or achievement, or industry results to differ materially from any future results, performance or achievements, expressed or implied by such forward-looking statements. These risks and uncertainties may include the risks and uncertainties described elsewhere in this press release and other filings with the SEC and with the securities regulatory authorities in Canada. Any such forward-looking statements, whether made in this press release or elsewhere, should be considered in the context of the various disclosures made by the Company or Fairfax, as applicable, about its businesses including, without limitation, the risk factors discussed in the Company’s and Fairfax’s filings with the SEC and the securities regulatory authorities in Canada.

Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date thereof. Except as required by applicable law, neither the Company nor Fairfax undertakes any obligation to update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

KW-IR

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PEMBROKE, Bermuda--(BUSINESS WIRE)--Arch Capital Group Ltd. (NASDAQ: ACGL) (“Arch” or the “Company”) today announced the total consideration payable for the previously announced cash tender offers (the “Tender Offers”) by its wholly-owned subsidiaries, (x) Arch Capital Group (U.S.) Inc. (the “2043 Notes Offeror”) of its outstanding 5.144% Senior Notes due 2043 (the “2043 Notes”) and (y) Arch Capital Finance LLC (the “2046 Notes Offeror” and, together with the 2043 Notes Offeror, the “Offerors”) of its outstanding 5.031% Senior Notes due 2046 (the “2046 Notes” and together with the 2043 Notes, collectively, the “Notes” and each a “Series” of Notes), for an aggregate principal amount of up to $417,851,000 (the “Maximum Amount”) in the order of priority shown in the table below. Capitalized terms used in this press release and not defined herein have the meanings given to them in the Offer to Purchase, dated June 2, 2026 (the “Offer to Purchase”).

The table below sets forth, among other things, the aggregate principal amount of the Notes validly tendered and not validly withdrawn as of 5:00 p.m., New York City time, on June 15, 2026 (such date and time, the “Early Tender Deadline”) and expected to be accepted for purchase in each Tender Offer, the approximate proration factor for the Notes and the Total Consideration for the Notes, as calculated by the Dealer Managers at 10:00 a.m., New York City time, June 16, 2026 (such date and time, as the same may be extended, the “Price Determination Date”).

Title of Security

CUSIP / ISIN(1)

Original Issuer

Aggregate Principal Amount Outstanding

Acceptance Priority Level(2)

Reference U.S. Treasury Security

Bloomberg Reference Page(3)

Early Tender Premium(4)

Fixed Spread (bps)(5)

Reference Yield

Principal Amount Tendered at Early Tender Deadline

Principal Amount Expected to be Accepted

Approximate Proration Factor

Total Consideration(5)(6)

5.144% Senior Notes due 2043

03938JAA7 / US03938JAA79

Arch Capital Group (U.S.) Inc.

$500,000,000

1

5.00% U.S. Treasury due May 15 2046

FIT1

$50

+55 bps

4.954%

$218,712,000

$218,712,000

N/A

$960.00

5.031% Senior Notes due 2046

03939CAB9 / US03939CAB90

Arch Capital Finance LLC

$450,000,000

2

5.00% U.S. Treasury due May 15 2046

FIT1

$50

+55 bps

4.954%

$199,139,000

$199,139,000

N/A

$942.30

________________

(1)

No representation is made as to the correctness or accuracy of the CUSIP/ISIN numbers listed in this press release, the Offer to Purchase or printed on the Notes. They are provided solely for convenience.

(2)

The Maximum Amount of Notes that may be purchased in the Tender Offers is the aggregate amount of Notes that will not result in the Aggregate Purchase Price for Notes validly tendered and accepted for purchase pursuant to the Tender Offers exceeding the Maximum Amount. The Offerors reserve the right, in their sole discretion, subject to applicable law, to further increase or decrease the Maximum Amount, but there can be no assurance that the Offerors will do so. Notes accepted for purchase on any Settlement Date will be accepted in accordance with their Acceptance Priority Levels set forth herein (with “1” being the highest Acceptance Priority Level and “2” being the lowest Acceptance Priority Level). The Offerors will only accept for purchase Notes up to an aggregate principal amount that will not result in the Aggregate Purchase Price to exceed the Maximum Amount.

(3)

The Bloomberg Reference Page is provided for convenience only.

(4)

Per $1,000 principal amount of Notes validly tendered prior to or at the Early Tender Deadline and expected to be accepted for purchase.

(5)

Includes the Early Tender Premium of $50 per $1,000 principal amount of Notes for each Series (the “Early Tender Premium”) as set forth in the Offer to Purchase, which will be paid in addition to the Total Tender Offer Consideration or Late Tender Offer Consideration, as applicable.

(6)

The Total Consideration for the Notes validly tendered prior to or at the Early Tender Deadline and expected to be accepted for purchase is calculated using the Fixed Spread and is inclusive of the Early Tender Premium. The Total Consideration for the Notes does not include the accrued and unpaid interest, which will be payable in addition to the Total Consideration.

The Tender Offers are subject to the satisfaction of certain conditions as set forth in the Offer to Purchase; as of the date hereof, the Financing Condition described in the Offer to Purchase has been satisfied. Subject to applicable law, the Offerors may waive any and all of these conditions or extend, terminate or withdraw the Tender Offers with respect to one or more Series of Notes or further increase or decrease the Maximum Amount, including on or after the Price Determination Date. The Tender Offers are not conditioned upon any minimum amount of Notes being tendered.

Withdrawal rights for the Notes expired on the Early Tender Deadline. The Company expects to make payment on June 18, 2026 (the “Early Settlement Date”) for Notes that were validly tendered prior to or at the Early Tender Deadline and that are accepted for purchase. The Tender Offers are scheduled to expire at 5:00 p.m., New York City time, on July 1, 2026, unless extended or earlier terminated as described in the Offer to Purchase (such time and date, as it may be extended, the “Expiration Date”). Because the Notes validly tendered and not validly withdrawn prior to or at the Early Tender Deadline have an aggregate principal amount that is equal to the Maximum Amount, the Company does not expect to accept for purchase any Notes tendered after the Early Tender Deadline.

The Total Consideration listed in the table above will be paid per $1,000 principal amount of the Notes validly tendered and accepted for purchase pursuant to the Tender Offers on the Early Settlement Date. Only holders of Notes who validly tendered and did not validly withdraw their Notes prior to or at the Early Tender Deadline are eligible to receive the Total Consideration for Notes accepted for purchase. Holders will also receive accrued and unpaid interest on Notes validly tendered and accepted for purchase from the last interest payment date up to, but not including, the Early Settlement Date.

From time to time, the Offerors, the Company or any of their respective affiliates may purchase additional Notes in the open market, in privately negotiated transactions, through tender offers or otherwise, or may redeem Notes pursuant to the terms of the applicable indenture governing a Series of Notes. Any future purchases or redemptions may be on the same terms or on terms that are more or less favorable to Holders of Notes than the terms of the Tender Offers. Any future purchases by the Offerors, the Company or any of their respective affiliates will depend on various factors existing at that time. There can be no assurance as to which, if any, of these alternatives (or combinations thereof) the Offerors, the Company or any of their respective affiliates may choose to pursue in the future. The effect of any of these actions may directly or indirectly affect the price of any Notes that remain outstanding after the consummation or termination of the Tender Offer.

Notwithstanding any other provision of the Tender Offers, the Offerors will not be obligated to accept for purchase, and pay for, validly tendered Notes of any Series pursuant to the Tender Offers if the conditions set forth in the Offer to Purchase have not been satisfied, or waived by the Offeror, with respect to such Series of Notes.

Wells Fargo Securities, LLC and BofA Securities, Inc. are serving as Dealer Managers for the Tender Offers. Global Bondholder Services Corporation is the Tender and Information Agent. Persons with questions regarding the Tender Offers should contact Wells Fargo Securities, LLC at (866) 309-6316 (toll-free) or at (704) 410-4820 (collect) or BofA Securities, Inc. at (888) 292-0070 (toll-free) or at (980) 388-0539 (collect). Questions regarding the tendering of Notes and requests for copies of the Offer to Purchase and related materials should be directed to Global Bondholder Services Corporation at 212-430-3774 (banks and brokers) or 855-654-2015 (toll-free), in writing at 65 Broadway – Suite 404, New York, New York 10066 or by email at [email protected].

This press release is neither an offer to purchase nor a solicitation of an offer to sell the Notes. The Tender Offers are made only by the Offer to Purchase and the information in this press release is qualified by reference to the Offer to Purchase. There is no separate letter of transmittal in connection with the Offer to Purchase. None of the Offerors, Company, their respective board of directors or managers, the Dealer Managers, the Tender and Information Agent or the trustees with respect to any Notes is making any recommendation as to whether holders should tender any Notes in response to the Tender Offers, and none of the Offerors, the Company nor any such other person has authorized any person to make any such recommendation. Holders must make their own decision as to whether to tender any of their Notes, and, if so, the principal amount of Notes to tender.

About Arch Capital Group Ltd.

Arch Capital Group Ltd. (Nasdaq: ACGL) is a publicly listed Bermuda exempted company with approximately $26.9 billion in capital at March 31, 2026. Arch, which is part of the S&P 500 Index, provides insurance, reinsurance and mortgage insurance on a worldwide basis through its wholly owned subsidiaries.

Cautionary Note Regarding Forward-Looking Statements

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. This release or any other written or oral statements made by or on behalf of Arch Capital Group Ltd. and its subsidiaries may include forward-looking statements, which reflect the Company’s current views with respect to future events and financial performance. All statements other than statements of historical fact included in or incorporated by reference in this release are forward-looking statements.

Forward-looking statements can generally be identified by the use of forward-looking terminology such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe" or "continue" or their negative or variations or similar terminology. Forward-looking statements involve the Company’s current assessment of risks and uncertainties. Actual events and results may differ materially from those expressed or implied in these statements. A non-exclusive list of the important factors that could cause actual results to differ materially from those in such forward-looking statements includes the following: adverse general economic and market conditions; increased competition; pricing and policy term trends; fluctuations in the actions of rating agencies and the Company’s ability to maintain and improve its ratings; investment performance; the loss of key personnel; the adequacy of the Company’s loss reserves, severity and/or frequency of losses, greater than expected loss ratios and adverse development on claim and/or claim expense liabilities; greater frequency or severity of unpredictable natural and man-made catastrophic events, including the effect of contagious diseases on our business; the impact of acts of terrorism and acts of war; changes in regulations and/or tax laws in the United States or elsewhere; statutory or regulatory developments, including as to tax matters and insurance and other regulatory matters; ability to successfully integrate, establish and maintain operating procedures as well as integrate the businesses the Company has acquired or may acquire into the existing operations; changes in accounting principles or policies; material differences between actual and expected assessments for guaranty funds and mandatory pooling arrangements; availability and cost to the Company of reinsurance to manage our gross and net exposures; the failure of others to meet their obligations to the Company; an incident, disruption in operations or other cyber event caused by cyber attacks, the use of artificial intelligence technologies or other technology on the Company’s systems or those of the Company’s business partners and service providers, which could negatively impact the Company’s business and/or expose the Company to litigation; and the other matters set forth under ITEM 1A “Risk Factors”, Item 7 “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and other sections of our 2025 10-K, as well as the other factors set forth in our other documents on file with the SEC, and management’s response to any of the aforementioned factors.

The foregoing review of important factors should not be construed as exhaustive and should be read in conjunction with other cautionary statements that are included herein or elsewhere. All subsequent written and oral forward-looking statements attributable to us or persons acting on the Company’s behalf are expressly qualified in their entirety by these cautionary statements. The Company’s forward-looking statements speak only as of the date of this press release or as of the date they are made, and the Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Source: Arch Capital Group Ltd.
arch-corporate

More News From Arch Capital Group Ltd.

PEMBROKE, Bermuda--(BUSINESS WIRE)--Arch Capital Group Ltd. (NASDAQ: ACGL) (“Arch” or the “Company”), a leading provider of insurance, reinsurance and mortgage insurance globally, today announced the promotions of Jerome Halgan to CEO of Arch Global Reinsurance Group and Michael Schmeiser to CEO of Arch Global Mortgage Group. Both will continue to report to Arch President Maamoun Rajeh. “Jerome and Michael are experienced leaders who are deeply grounded in Arch's underwriting culture and corpor.

Key Takeaways ACGL has delivered steady premium expansion, with net premiums written seeing a 17.4% CAGR from 2018 to 2025. Rate increases, new business and growth within existing accounts continue to support organic momentum. Strong positions in insurance and reinsurance, backed by a robust capital base, support long-term growth. Shares of Arch Capital Group Ltd. (ACGL - Free Report) have gained 2.7% in the past year, outperforming its industry’s appreciation of 0.9%.

Arch Capital has outperformed its peers, including The Progressive Corporation (PGR - Free Report) , NMI Holdings Inc. (NMIH - Free Report) and W.R. Berkley Corporation (WRB - Free Report) . Shares of PGR, NMIH and WRB have lost 23%, 4.1% and 6.2%, respectively, in the last six-month period.

Image Source: Zacks Investment Research

ACGL’s Expensive ValuationBased on the forward 12-month price-to-book ratio, Arch Capital is currently trading at 1.41X, above its industry average of 1.4X. The insurer has a Value Score of A.

ACGL Growth ProjectionThe Zacks Consensus Estimate for Arch Capital’s 2027 earnings per share and revenues indicates a year-over-year increase of 7.5% and 2.2%, respectively, from the corresponding 2026 estimates. Earnings have grown 30% in the past five years, better than the industry average of 22.7%.

Earnings Surprise HistoryThe insurer has a solid track record of beating earnings estimates in each of the past four quarters, with an average of 14.97%.

Return on Capital of ACGLArch Capital’s trailing 12-month return on equity is 17.6%, ahead of the industry average of 7.4%. Return on equity, a profitability measure, reflects how effectively a company is utilizing its shareholders’ equity.

Average Target Price for ACGL Suggests UpsideBased on short-term price targets offered by 20 analysts, the Zacks average price target is $108.33 per share. The average suggests a potential 18.39% upside from the last closing price.

Image Source: Zacks Investment Research

Key Points to Note for ACGL StockArch Capital’s well-rounded product portfolio and consistent premium growth highlight the strength of its organic drivers. Rate increases, new business inflows and expansion within existing accounts continue to fuel its momentum. Additionally, its ability to scale organically across specialty insurance and reinsurance underscores sustained growth potential.

Building on this momentum, Arch Capital has delivered steady premium acceleration, with net premiums written registering a seven-year (2018-2025) CAGR of 17.4%. The combination of firm market rates, inflation-led demand and disciplined underwriting has strengthened growth across P&C lines.

Arch Capital is also benefiting from favorable dynamics in the P&C market, where a hardening environment is supporting higher premiums and stronger demand for coverage. While industry-wide pressures, such as catastrophe losses and inflation, have intensified claims costs, they have also driven rate momentum. With its underwriting discipline, global distribution and focus on specialty lines, Arch Capital is well-placed to capitalize on these conditions.

End NotesOverall, Arch Capital continues to benefit from strong organic growth drivers, steady premium momentum and a solid competitive position in key markets.

Arch Capital boasts a strong product portfolio and has a solid track record of premium growth, as well as favorable return on capital. Both the Insurance and Reinsurance segments should continue to witness significant growth from increases in most lines of business. A robust capital position over the years reflects its financial flexibility.

Its solid growth projections, higher target price and favorable return on capital should continue to benefit Arch Capital over the long term. The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

In the latest close session, Sterling Infrastructure (STRL - Free Report) was down 1.03% at $857.76. This change lagged the S&P 500's daily loss of 0.57%. Elsewhere, the Dow gained 0.64%, while the tech-heavy Nasdaq lost 1.15%.

Heading into today, shares of the civil construction company had gained 12.44% over the past month, outpacing the Construction sector's gain of 4.86% and the S&P 500's gain of 2.14%.

The investment community will be closely monitoring the performance of Sterling Infrastructure in its forthcoming earnings report. On that day, Sterling Infrastructure is projected to report earnings of $5.39 per share, which would represent year-over-year growth of 100.37%. Meanwhile, our latest consensus estimate is calling for revenue of $1.07 billion, up 74.03% from the prior-year quarter.

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $19.31 per share and revenue of $3.96 billion, indicating changes of +77.48% and +59.15%, respectively, compared to the previous year.

Investors should also note any recent changes to analyst estimates for Sterling Infrastructure. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.

Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 2.89% increase. As of now, Sterling Infrastructure holds a Zacks Rank of #1 (Strong Buy).

With respect to valuation, Sterling Infrastructure is currently being traded at a Forward P/E ratio of 44.88. This represents a premium compared to its industry average Forward P/E of 38.19.

It's also important to note that STRL currently trades at a PEG ratio of 2.99. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. STRL's industry had an average PEG ratio of 2.08 as of yesterday's close.

The Engineering - R and D Services industry is part of the Construction sector. This industry, currently bearing a Zacks Industry Rank of 83, finds itself in the top 35% echelons of all 250+ industries.

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.

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